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4 years ago in LeoFinance by bitcoinflood
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I also like passive income tokens like BRO, Utopia and Dhedge. Each of these give dividends just for holding them in your wallet. No staking needed.
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Have a number of those myself. I play it depending on the price of their token compared to the miner and figure out at the time what one is a good deal. You'd be surprised at home much they move week by week.
I'd really love an easier way to find out exactly when is being paid out on each and what tokens. Utopia is about the only one I know for sure since it's just a weekly hive payment lol
Yes, it is quite hard to find the exact apr. As it also depends on their curation rewards usually.
The best tool I know is from @amr008 https://hivelayers-stats.herokuapp.com/
Oh man oh man....Speaking my language here!
So exciting to think of the 'future' and how's were generating our own wealth here.
401k's be damned!!
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Seriously though imagine locking up all of your money and never being able to touch it because it's in a 401k or if you do touch it getting penalized for it. Sounds pretty freakin dumb lol
Looking to turn my first earned dollar (active income) into a second dollar which hopefully continues to earn by themselves (passive income). Crypto has really paved the way for earning that second dollar passively compared to conventional methods. I'm happy to have jumped into defi with CubFinance and hope to learn more about this whole ecosystem (hive, curations, content etc)
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You'll get there for sure. It's always a big easier/ fast track if you're able to invest even a little. I would never suggest investing something you can't afford to lose though as you need to always take care of yourself first.
Thank you - it's been a steep learning curve, but I am investing quite heavily as well, hopefully will see the compounding effect in the long run :)
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I like the daily drips of fractional tokens tied to DHEDGE, BRO, LIST and COM. Tokend beget tokens on a daily basis and accumulate over time. One setup, I juts keep staking and compounding all gains made as a result of holding crypto.
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Those are good options as well for sure I see them being a little bit LONGER of a hold compared to buying the miners out yourself. If you can get them at the right price that is. In some cases it can be cheaper to pick up the DHEDGE BRO etc instead of the miners. Just have to watch the markets.
Do you know what COM pays out?
I do have miners, LEOM and LEOMM, some that I bought last Spring when LEO was cheap, among others. I continue buying portions with the tokens generated when creating content. I power up most of it and buy on hive-engine with the rest. For staking LIST, you get COM. COM generates fractional shares of CTP, LIST, WEED and SIM. Combine that with DHEDGE, daily SIM output from dCity, BRO and LBI and you've got a daily "crypto rain" that can nourish your account.
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I've never gotten into buying the crypto and hive miners here—they always seemed like a gimmick, without me doing any sort of investigation. Isn't buying such a thing the same as staking and receiving APR from the stake?
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It's often used as a way to raise funds for the project but yes stake and earn APR from them. Consider it an investment into the platform just like you would buy a stock with dividends. It is still in your best interest to use those new minted tokens and want the community to thrive as you have a vested interest in the platform as a token and miner investor.
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Putting in the work I will always be fine with, it’s just figuring this stuff out; but at the end of the day - I have to work at it to understand it. Never heard of Reddcoin 😳 Thanks @bitcoinflood for giving me something to read up on 😜
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RDD or Reddcoin is a social media rewards project that most people thought was dead. It's been bouncing around $0.01 but I have a feeling as long as we continue on this upward trend it has a very real possibility of being $0.03 - $0.05 yeah doesn't sound like much I know but it's because you can mine so freakin many of them lol I've seen some new projects and interaction from there team there as of the last few months which has me stacking it. Granted I did buy them about 4 years ago around the 2017 sell off.
Keep learning every day Jimmy and keep putting in the work and quality :)
Yes it is special fun
I just published my experience with CUB and how it turned 17 into 51, triple in 3 months
The most important thing is continuity
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This is great content! Going to be doing a little reblogging for the greater community!
Passive income is not passive. It's simply making your money/investment work for you which still requires some level of management.
So true. My so called passive income is taking way too much time to manage than I'd like. I'm spread too thin at the moment with too many things to manage but I'm trying to consolidate.
Problem is, for every one thing I get rid of another 10 opportunities arise to tempt me. 😂
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The only way to scale and save time is by working those "passive" income streams otherwise you are simply trading hours for dollars which can't be scaled as you only have so much time.
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Such a good point that earning 3.1% in a fiat saving account when the currency in devaluing at a faster rate doesn't earn you anything... it's a loss.
... and the spending power of the dollar cuts in half every 5 years... and accelerating.
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Yay! 🤗
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Great write up! This is definitely great content for the Coin Logic audience! Reposting and it will show on the curated feed on https://coin-logic.com!