The Stability Of Passive Crypto Income In Uncertain Times
The recent plummet in altcoin prices can be very traumatic for any altcoin trader and can sometimes last for months and even years, as we have so vividly seen in the Crypto winter of 2018 and 2019. Fortunately, I do believe that this drop will be short lived and that we are indeed months away from claiming new ground in regards to the Bitcoin price. However, situations like these once again bring home the truth of how powerful and imperative it is to have passive income streams within the Crypto space.
Many spot traders are now waiting for a recovery before they can even break-even, while most leverage traders have been liquidated over the past week or two. In the meantime, there is an avenue that continues to produce daily profits and that is Passive Crypto Income. These profits might be less than they were weeks ago but at least they are still there, being produced daily! In most cases these returns are very much relative and so as prices regain previous levels, they increase accordingly. This is one of the few facets of Crypto that will keep on giving regardless of market conditions.
This is why I have placed such a strong focus on it in regards to my own personal endeavours and projects. As I trade, write and create art, I am building my Passive Crypto Income to a place where it will hopefully be more powerful than what my daily work can produce.
I Would Like To Revisit The Mining Of SUN
In my recent post regarding the mining of the SUN token, I mentioned that I would only be mining a small amount of SUN initially while I watch the APR and the price of SUN. This article was published 8 days ago and in that time the return has dropped from 83% to 61%. I had envisioned a faster decrease in the annual return and compounded by the current SUN price, I am looking to make this avenue a more significant part of my passive mechanics.
Mining SUN simply involves locking up TRX and in so doing simultaneously generating SUN that can be withdrawn as each user chooses. This aspect is also rather attractive to me as many protocols drip daily amounts, which is difficult to keep track of. A system like this allows me to withdraw weekly, monthly or quarterly if I so choose.
This is one of the features that I also really enjoy about the Bankroll Network, the fact that profits are stored in the smart contract and I can either reinvest them or withdraw them to my wallet. This allows me to monitor my returns and not have to micro manage small daily amounts that are being paid directly to my wallet.
For those of you who are on a similar journey, keep building, keep learning and keep earning!