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by koonsolo 3288 days ago
Are you sure it's useless? Ethereum seemed to have a jump recently, and maybe Monero is just in front of a jump.

I don't know why the original post got down-voted. Crytocurrency is still in its infancy. Much money can be made from it. And it definitely qualifies as "passive".
3 comments
averagewall 3288 days ago
Early bitcoin winners had the advantage of hardly anyone knowing about or understanding what it was. So they had a kind of inside knowledge within the group of people who understood it enough to imagine the potential.

Now, everyone (ie professional investors) knows about cryptocurrency so you have no advantage over them and you're just gambling.

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koonsolo 3288 days ago
It was always gambling, especially at the start. Bitcoins are still making major gains at the moment.

Here's a strategy that works: Take an amount of money that you own but can miss. This means that you won't go totally crazy when you lose it all. Put that amount in Bitoin, Ethereum and Monero for example. Let it sit there for the next 10 years.

In 10 years, it's either $0 and you lost it all, or it became the best investment you ever did. And that is counted in factors, not percentages.

Worked out so far.

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hueving 3288 days ago
It's effectively gambling on the future of various currencies. It's no different than day trading or forex at this point so it's not really a good way to get 'passive income' since it can very easily turn into 'passive losses'.
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koonsolo 3288 days ago
Most suggestions here are gambling. Things that are low risk don't give much return. If you want it to be passive, you either need to have a lot of money/time or take risk and be lucky.
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gremlinsinc 3288 days ago
My money is on Ardor / NXT team.. I honestly think their platform will eclipse Ether AND Bitcoin one day--it's much stronger and more secure.
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