We've all heard fairy tales about passive income in crypto: 'Buy coins, put them in staking, and money will flow like a river.' But let's be honest: cryptocurrency is not easy money. It's risk, nerves, and constant swings. Want to know how it really is? Then read on. 🚀
1. Spot market: passive income or eternal waiting?
"Just buy and hold," they say. And you buy, wait, but the market goes the wrong way. So what then?
If you entered at a high, prepare to hold your coins until better times. This may take years.
You are advised: 'Buy more on dips.' You buy more, and the asset drops even further. And now you're looking at a red portfolio and asking, 'How did I get into this?' 😩
Verdict: You can earn on spot, but it's not passive. It's 'buy, buy more, and hope.'
2. Staking: stable interest... only on paper
Staking sounds tempting: you hold coins, and they earn interest. You lie on the beach, and the money works for you. But the reality is harsh:
10% per year sounds great, but if the coin drops by 50%, your interest won't even cover coffee. ☕
Many projects lock coins for months. And what if you urgently need money? Goodbye, liquidity.
Verdict: Staking is not 'live and rejoice,' but 'hold and pray the price doesn't drop.'
3. Farming: high interest, high nerves
Farming is like a ride at an amusement park: fun, but scary. 🎢
Yes, 300% per year sounds amazing, but behind the scenes, projects are printing tokens like hot cakes. The more they issue, the cheaper they become. 🥖
And there's always the risk that the platform could just be hacked or the founders could run off with the money.
Verdict: You can earn, but most often you end up with a hole in your pocket.
4. Lending: stability... or frozen assets?
You lend your coins and earn interest. Sounds good, right?
But what if the platform crashes? Remember the stories with Celsius and FTX? 💥
And the interest? 2-5% per year. This doesn't even cover inflation if your token drops in price.
Verdict: Lending is 'works as long as everything works.' But there are no guarantees here.
So what now?
Let's face the truth: passive income in crypto is a myth with elements of reality. Yes, you can earn if you do everything right. But that doesn't mean money will flow like a river.
Want passive income? Then forget about fairy tales and start with questions:
"How much am I willing to lose?"
"Do I understand what I'm investing in?"
"Am I ready to wait for years?"
Crypto is a tool. How you use it depends only on you.
What do you think? Share your experiences and life hacks for passive income in the comments! 👇