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RE: How To Passively Earn Cryptocurrency

in #cryptocurrency7 years ago

Great question. Personally It would depend on your appetite for risk and how much you're willing to part with in hopes you'll never see it again. If time is the issue i'd go with Staking and Delegation on Steemit, but the returns diminish over time as the networks become more competitive so you need to get in early with a large investment

Loan coins and interest coins i'd say would be next since you have more control than staking you can add and remove as you see fit and feel comfortable with at any time. Just a warning is you're investing in a site and not a network like the steemit or Ark. Investing in a site is always risky as you dont know how well they are doing and when of if they will fold.

Hope that helps

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Cool Thanks, I'll look into Staking and Delegation. You didn't mention airdrops - I personally feel they are not worth the time investment unless you could write a program that ticks off the token-individual checklists that qualify you for the airdrop automatically. Thoughts?

Majority of airdrops aren’t worth your time and even with a bot the problem is converting them can be costly and most airdrops leave you with dust so it’s not even worth converting

Airdrops are only worth it if you have a larger following and you can get a whole lot of refferal sign ups under you so you get allocated a decent amount of coin and even then it won’t v worth much

Majority of ERC-20 tokens are a waste of time and wont be a around for very long

Cool. Thanks for clarifying in the first two parts and 100% agree on the last part!