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Is it a worthwhile way to generate passive income?

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Staking cryptocurrencies can offer regular rewards, similar to earning interest on a savings account.
Mining can be profitable, but it requires initial investment in hardware and ongoing electricity costs.
Investing in DeFi projects might yield high returns, but it also carries significant risks due to market volatility and security issues.

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S stakingstar79 on 14.09.2023 Posts: 15

Just cruising through some ideas for passive income here. Got to thinking, is it even really a worthwhile gambit or just a big old wild goose chase? When you break down the hours put in to set such ventures up, will I see a decent return or should I just stick to the 9-5 grind? Thoughts?

C cryptoGeek8 on 29.10.2023 Posts: 22

Interesting points all around, I'd add that it also heavily depends on what kind of passive income you're aiming for. Real estate, investments, drop-shipping... what's your pick? Each has its own drawbacks and may demand different sets of skills and investments. Might be a learning curve at first, but could pay off in the longer run, right? But again, no guarantees. Life's a bit of a gamble after all.

C CrYpt0Ph0n3 on 30.12.2023 Posts: 8

Honestly, gotta say it's not always cracked up to be. Sometimes, passive income streams are hyped-up time sinks. ROI looks good on paper but reality often hands you lemons. And not everyone's great at making lemonade, if you catch my drift.

C cryptoPhantom40 on 18.03.2024 Posts: 21

Absolutely, and isn't the tax situation another piece of the puzzle to consider? Depending on where you are, the tax implications of passive income can be a real game-changer. Has anyone looked into how much of their potential income would actually be pocketed after the taxman takes his slice? And what about scalability? Is there a point where it becomes less 'passive' and more like a regular gig?

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