Well, looking at most of the blockchains out there in the crypto space, like Bitcoin, Ethereum etc, you need to have some capital to invest there. Now I am using the word investment, because they are now at the prices where one need to have a good amount of money to buy these cryptos.
But on the other hand, one can also buy some cheap coins in the market, hodl it and wait for its prices to rise.
Trading crypto again is another option, but again, for that you need to have some money to invest it in there and also trading is sort of risky.
Now, one may think, what about mining? Well, you know that mining requires some good budget to buy expensive machine as well as the cost of electricity. That again is not for someone who can’t afford money to buy it.
Looking at these forms of investment in the crypto world, I don’t see them as something that could create Passive Income for you. Like if you are lucky enough, and prices of cryptos go up, and then you sold it and the same applies to trading as well. You may depend on your luck to make some profits out of trading crypto.
But one other place which I believe is a very good example of passive income is Hive blockchain and its social media platform Hive.blog. You create your account and start blogging straight away. If you were lucky enough to get noticed for your work in the community, then things could go smoothly for you. But that doesn’t necessarily mean that you should get exposure straight away, you need to spend some time on the platform engaging with the community and leaving some nice comments on posts. And this is how it works. Slowly and gradually you have to build your account.
Looking at some of the stats by our friend @dalz in his post about Top Hive Earners, you will see users earning some handsome money out here.
Credits: @dalz.
More than $3K a month by @taskmaster4450, that pretty cool. And other also are earning some handsome money.
Contribution of LeoFinance
Now that we also have some lovely tribes here on Hive blockchain, it gives us a good opportunity to earn a few extra bucks in shape of these Hive sister tokens. And I myself believe that Leo is having a big participation in it.
We see that the amount of users on Leofinance has increased significantly sharing posts related to crypto and finance which on one hand is providing us some good hand knowledge but also is providing us a chance to also participate in the community and collect rewards in shape of Hive as well as Leo.
Posted Using LeoFinance Beta
Task just crushes it lol but also shows you what is possible with pretty much full time dedication to a platform.
Posted Using LeoFinance Beta
Yeah
Great post! I definitely need to look more into LeoFinance.
Thanks
I was able to pick a point out of what you wrote exposure can't be gotten straight away but healthy comment will do. Engagement a major factor that can boost the account growth. Thanks for sharing this
Posted Using LeoFinance Beta
Thanks
I do most of my Hive engagement (comments, posting) through Leofinance, so it plays a huge role for me
Posted Using LeoFinance Beta
Good to hear that :)
There is a lot of potential on hive to earn some crypto and expand your knowledge of other blockchains as well.
Not only can you earn here but you can learn how to do the same in other areas as well. I really think that everybody in crypto is missing out by not being part of the community here.
Posted Using LeoFinance Beta
Yeah true
Yeah, the Hive ecosystem is a pretty amazing opportunity for everyone. So many ways to compound your earnings that it can become passive.
Posted Using LeoFinance Beta
Yes :)
simply by stopping by and reading some articles and leaving a few votes a moment a day you can generate passive returns
Posted Using LeoFinance Beta
Oh yes :)
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