A few months ago, I was deep in the usual grind, hunting airdrops, chasing new listings, trying to stay ahead of the crowd but it occurred to me that passive income was been ignored be it participating in staking or CEXs launchpools Then I decided to check out staking offers I could find. Decided to stake some BGB on BG to experiment and got into the $PUMP launchpool. Honestly, didn’t expect much until I saw an 84% APR stacking up. No complicated steps, no rushing in early, just holding and letting the system work. That moment shifted my whole perspective, maybe it’s not always about buying first or trading only. Maybe it’s about positioning early and letting rewards come to you. Since then, I’ve looked at crypto plays differently, we tend to overlook passive earning options but i think it’s time to start gravitating towards them. What do you think ?
Because passive income in crypto is not real. It's fantasy expectations, idealism, weird information and emotions, noise and hype. Maybe down the road it will become more real and solidified. But not exactly right now.
Because I intentionally and deliberately overlook passive income in Crypto. And I focus on active income by trading futures.
OP confuses passive income with unrealized pnls. A common issue for crypto boys. They see green numbers and start mixing things.
I’ve started to see the value in passive income options like staking and launchpools. They offer steady rewards without the stress of constant trading, and I think they’re a smart way to stay positioned while letting the system work for me.
Being long futures just makes unbelievable amounts of money. Im long the YM futures and geezus its handing me free money every day of the week. Its incredible. I was selling into the pops and then waiting for the pull back but the last week I went long and just decided to hold throughout the earnings season as this market is just saying here is your free money every single second of the day, night, evening and morning. Rinse and repeat.
This is it exactly. You cannot have a serious financial conversation in crypto space because they refuse to use proper terminology. There is no "passive income" because there is no income. There is no underlying business that you are buying a stake in. Any money that comes in is based on the arrival of a greater fool.
You are truly the one who gets it That's all this game is. The greater fools theory,!!!! As long as someone is willing to step in and buy it at a higher price then the process will continue however there is always that last fool standing....
You might be misunderstanding launchpools here and staking in this aspect. Staking part of one’s holdings to earn extra income is typical in crypto. In this sense, traders stake Bitget’s BGB to earn extra profits in projects tokens just like we used to with BNB then. Did you see $PUMP’s APR ??