A Sizzling BTC Price!
Yes, Bitcoin continues to edge its way higher as it breaks the $118K mark, proving once again that it’s a great long-term investment vehicle for significant gains. However, those looking for life-changing gains will have to take a trip into the Altcoin Forest. This is, however, becoming increasingly more dangerous as the market matures. It’s a route that requires a significant amount of experience and research.
The good news is that Bitcoin beats stocks, bonds, gold, and pretty much every other asset class. Bitcoin remains king! This level of investment supremacy warrants the investment strategy of setting up and finding ways to accumulate and amass Bitcoin. Of course, the ultimate avenue of exploration should be passive income ideas, and while not necessarily significant, over time, they can become a meaningful allocation of one’s portfolio.
When an idea is truly passive, the amount that is generated is not the make-or-break dynamic of the concept, but rather the fact that it will continue to accrue ongoing satoshis without any effort or input. This is how one needs to approach such strategies. I will address ideas that are passive as well as semi-passive, requiring minimal effort.
Passive Ideas To Implement
When it comes to passive ideas, this can be broken down into two sectors: those requiring investment or working capital, and those that are entirely free. Free ideas might not always earn a lot; however, that is not always the case. By adding the Slice browser extension to your laptop and desktop, users can passively generate small amounts of BTC over time. The extension will periodically display tiny ads in the corner of your screen.
Another entirely free idea is to utilize DePIN browser extensions that are already rewarding users and their tokens are being traded on DEXs and CEXs. These passive earnings can be sold for BTC on exchanges. One can always make use of Solana-based BTC, or any other “wrapped” version, and then convert holdings to the native chain at a later stage, when the assets are more significant, if desired.
DePIN applications that are entirely passive and have already rewarded users and continue to incentivize users are Grass, Nodepay, and UpRock. There are, of course, many others, but they are yet to launch their tokens and remain purely speculative at this stage. Setting these up as a means of generating passive income for acquiring additional Bitcoin holdings is a good idea, especially if you have an old laptop that you can leave running 24/7.
Regarding ideas that require a little capital, there are, of course, lending and staking opportunities. Lending is perhaps not such a popular option ever since BlockFi, Celsius, and many others went belly up in 2022. However, BetFury offers some exceptional yields and has been operational for many years, as well as surviving the carnage of 2022 unscathed. These yields are accrued and available to withdraw daily.
Each person will have to measure their risk profile and decide accordingly. The benefit is that one can earn high yields on BTC. Staking options will require traditional Proof-of-stake chains such as DOT and SOL. The staking rewards can then be sold for BTC, kept on the applicable chain until later, or indefinitely. These are all entirely passive, once set up, and can be left to generate additional BTC indefinitely.
Semi-Passive Ideas
This particular avenue or idea, regarding stacking more sats, can be implemented at leisure. In other words, idle or free time can be utilized to gain more satoshis. One of the most well-known and quickest ways is faucets. If anyone chooses to use this method, the best idea is to download easy-to-use and trusted platforms. By downloading Cointiply, Freebitcoin, BetFury, and Satsfaucet, one can visit each site in one go.
All four of these faucets are claimable every hour. However, BetFury requires users to be on Rank 2 or higher to access the faucet, which pays out almost 10 sats per hour. I visit these every so often, when I remember or am standing in a queue at the shopping mall. Collectively, these can generate thousands of sats, and even tens of thousands of sats per month, depending on your usage.
Another idea is to make use of SoFi platforms together with your traditional social media activities. INLEO on the Hive blockchain supports short-form content, similar to X. Arena on the Avalanche chain is also an X alternative that is very similar in appearance and use to X. Bulb on Solana is another alternative, which supports both long and short-form content. SoFi might also benefit significantly from Alt Season.
It has been taking strain, and any tokens earned now are likely to rise significantly in the upcoming months. Another option is DePIN dApps that require a daily check-in or more. These can be a great way to boost earnings. Silencio is shaping up to be a nice little monthly payment. Kage is great if you’re often in a mall or a place with multiple devices and WiFi points. This dApp pays out every few months.
Then there is DeNet, which, although it isn’t live yet, is likely to go live soon and is one of the leading projects on Peaq Network. I have mentioned Silencio and DeNet often, as I believe they will do well in the future, and Silencio is already performing well regarding earning capacity and token value appreciation. Research and experimentation within these ideas are likely to yield additional opportunities. I have merely mentioned a few that work and can be implemented immediately.
Final Thoughts
Finding new and creative ways to earn free Bitcoin is a great way to build a long-term nest egg for years down the line. If you know of or are using alternative platforms that are rewarding users either passively or semi-passively, drop them in the comments. This is, of course, not an endorsement of any of the platforms mentioned and should not be considered investment advice.
Always conduct private and personal research before using any platform. Remember to practice adequate and healthy risk management when using investment capital. You can utilize free methods to eventually onboard more advanced methods that require investment capital. This approach reduces risk and helps participants become better acquainted with the concept of creating passive income. See you next time!
Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in my receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.