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Is Investing In Cryptocurrency A Way To Make Passive Income?
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[QUOTE="Bisolami, post: 302379, member: 78076"] I don't know what comes to your mind whenever we are talking about passive income. I am sure that we all have something that our mind tells us. Passive income is a kind of income in which people make money continuously even when they are not doing anything. It is not because they are not doing anything or they are not working but it is because they have done some works and also put things in place and they can begin to earn even when they are not doing anything. When we talk about cryptocurrency, there are various ways in which someone can make money from cryptocurrency. You can make money either by trading or by investing in it. The question asks if we can make passive income with crpytocurrency my answer is no. This is because trading in cryptocurrency involves your work and you can never make money if you don't trade. That means you do not make an extra money when you don't trade. You only make money when you trade and that cannot be counted as a passive income. At the same time, it can still be seen as a passive income if you follow the article. In terms of investment, I believe that you have to monitor your investment very well so that you will not lose but it is a passive income because you don't have to do any work to be making money from it. [/QUOTE]
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