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Staking My Assets And Earn Passive Income

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Written by   469
1 year ago

“One of the best way to be rich is to put your money at work and gain passive income.” I was watching a video on Facebook and this video appeared on my feed. This statement was from a financial coach (I forgot her name) which is successful woman and no need to doubt her words because you will see the result on where she is now. Hence, I decided to follow her advice and converted some of my coin into one that will give me a passive income.

For your information, I converted some of my Bitcoin cash into $CAKE to have high APY which is approximately 0.18% daily from my invested asset. Since I have a total of 2 BCH, I decided to convert 1 of it into BUSD and decided to split them on different assets. Most of it are converted into cake and currently staking on pancake swap.

Looking on the price of cake, I think my decision is not that right because cake is almost like a stable coin which is not moving higher than $20 and cannot gain some profit on it. However, despite of this issue, I want to believe that cake will be bullish soon and will become $50 per cake, we just need to hold and trust this token.

On the other hand, smartBCH is a great project, no doubts on it. However, in the past weeks, there is a lot of FUD along with this side-chain of BCH where most of the tokens were rug pulled and some investors had a fear to invest on it. One of the examples is the MILK token. Honestly, I invested $100 in MILK and decided to stake it into Mueliswap since it gives more than 100% APR which is a lot better than other token (including cake) however, after days of staking (I think it was 2 days) a lot of FUD came and they said pull out your MILK token because it has a chance of becoming rug pull. 

As a silent visitor of group chats, I read these chats and decided to pull out my milk from mueliswap and had a loss of $20. I also converted the remaining $80 into BCH to be more safe. But the FUD isn’t real, I guess. It was my regrets to listen to a selfish person who spread this FUD.

As of now, I have few EBEN which is—I guess better than CAKE, it is also my regrets for not investing on this SEP20-token and choose cake. You know, they almost have the same rate of APR/APY. The only difference is EBEN is flying while the latter is most likely a stable coin, still, hoping for the best. I am just lucky to buy EBEN at $0.26, and unfortunate as well for buying few of it.

The next one is HIVE token where it gives more privilege on the HIVE community where you buy this and stake to recover your resources. Buying Hive tokens is not a mistake, in my opinion. Seriously, I am starting to like HIVE especially its different tribe where you are earning more tokens not only HIVE. So far, my favorite is the alive and leo tokens.

Lastly, the Ziliqa coin. For your information, I have some of this coin where I bought last bull run (before the April) and this coin reached $0.20 each. Unfortunately, I bought on this price and currently on stuck, so I decided to stake this in my Binance account. Recently, I found out that this coin also belongs in Kucoin Exchange which is giving higher APR than Binance, so I decided to transfer it all from my Binance into Kucoin for 11% APR, not bad after all.

As of this moment, the thing that I want to explore is the Kucoin trading bot, since I saw this feature when I opened my Kucoin account. I still need more information about this, and I want to explore more. Who knows that it can also give passive income, right? I think Bityard has a copy trading feature too! Wanna try it.

Finally, the point of this blog is to have an at least one passive income so you don’t need to work harder, you need to work smarter! 

Published: November 20, 2021

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Written by   469
1 year ago
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Comments

Great job for getting EBEN at such a low price. I got some too and sold part of it at $1.54.

I wouldn’t say ‘most’ of SmartBCH tokens were rug pulled. I know of 3 or 4 tokens out of 30 listed on market cap. We just need to be more careful with doing our own research before we invest in anything.

Good luck with your investments :)

$ 0.00
1 year ago

Too unfortunate not buying more EBEN at that price🤣

Of course, but the FUDs give investors fear, including me.

Thank you!

$ 0.00
1 year ago

OMG, bat ka nagpadala sa fud ni Milk, umuusad na sya now sayang. Ang sakin naman main ko iz cats, maganda sya etrade. Nahalaw pero may time din na stable lang sya re pero wetchung lang katapat nyan. Nga pala nagbaba si cakey at 15.89 kanina. Mag buy sana ako kaso nanghinayang ako na mag sell ng bch tch.

$ 0.00
1 year ago

Oo nge e nekekeeser si kain HAHAHA. (Ganito dapat mag-usap pere de metrenslate ng ebeng tege ebeng bense) HAHAHA Dapatt pala di ako nakinig sa kaniya. Hilig sa FUD.

Btw, saan ba kayo nagtrade ng cats?

Nakakaiyak nga si cake parang stable coin hahaa

$ 0.00
1 year ago

Hahahaha, masyadong anong un ee, nvm tsk. Hilig sa fud tas ang yabangers ahahaha.

Sa Benswap pa rin, mas gusto ki na din okay na rin kahit lagger mm ko yawit. Grabibg galaw ni cats now. Taas baba ee.

Isa pa yan, tagal nya nag tambay sa 18 tas ay ambot talaga. When kaya sya magshashine naman

$ 0.00
1 year ago

Nakakaasar nga 'yun dapat di na naadd sa group hahaha.

Edi medyo magastos din pala sa fee sa trading ano? Hirap lang kasi pump and dump pala.

$ 0.00
1 year ago

Hahahaha mandin pa, dami na ding nakakapansin ng ugali nya ee.

Hindi rin, mga fees ay nasa 0.0002 pinakamataas na naencounter ko. Si na lugi malaki naman nattp ehe lalo sa pusa at joy antibac

$ 0.00
1 year ago

I also staked some EBEN on benswap and im accumulating interests

$ 0.00
1 year ago

That's a great way to hold a token.

$ 0.00
1 year ago