Very well written post @costanza! I have historically associated your writing with gambling and gaming details for which I really have nothing to offer, in the way of supportive comments.
This post, though, is definitely something of interest to me. I will bookmark, for reference when I have more time to follow-up.
In response to your request for input, the most profitable ;passive income investment I have made is into KCS - the token of the KuCoin. It pays two different "bonuses" which accrue daily. That, along with the appreciation of the token price itself, has made it my most profitable investment of this type.
If you are not already associated with this exchange and interested in learning more, let me know. I will do what I can to help you.
P.S. Here is my KuCoin referral link.
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With the covid-19 situation which ended the Belgian League early, I have plenty of time now to finally put some of my crypto to work. The entire 'earn passive income from crypto holdings' topic is also really hot at the moment. I'm glad I got this far already.
Nice to know KCS is working out for you as a good invetment. It's certainly the kind of platform that fits within what I'm looking for. I guess the main reason I haven't gotten into it yet because I never really had a direct reason to make an account. It's too 'small' for larger cap coins as they are all listed on bigger exchanges and too big for the really obscure coins that tend to only be traded on decentralized exchanges or more scammy ones like Hotbit and HitBTC.
Swissborg (CHSB) is one of the coins that currently trades on Kuckoin which might be a reason to finally make an account there. If I do I'll make sure to use your affiliate link!
Do you have a number on if you buy 1000$ worth of KCS, how much dividends from tradings feels you can expect to receive on a yearly basis?
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Okay, that makes sense @costanza.
You’ve chosen a nice “fill in,” for your time, while you wait for the Belgian League to reopen. And appearing to be doing quite well!
If you don't mind my asking, how do you view this focus vs. gambling? A more "sure thing?" Or?
I don’t have the precise info you seek (not an accountant, just a dumb engineer ...), although it probably is around somewhere.
Here are the “high level” numbers I have on my own investment.
“Bought in” at $0.61 in Dec 2018 and up nicely (and down … 😏) from there.
The number of KCS tokens received, by the various reward programs for HODLing them since then, represents an 11.1% total increase.
No trading required. You just HODL them in your exchange account. Of course, the "conventional wisdom" is not to do that, so as with most any aspect of investing in this asset class, there is some risk ...
Both together make it the #1 investment I have made of this type.
Hope this helps!
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how do you view this focus vs. gambling? A more "sure thing?" Or?
I never had a losing year in 'gambling' handicapping and betting the Belgian league so far but the ups and downs can be quite big and having to withdraw money from my bankroll to cover costs is like cutting in my own skin. These crypto earnings are not all that much but they are more stable and it's just nice to 'bet on different horses' slowly but surely increasing them in relevance.
I'm also happy just living quite cheap and put aside everything I need for an entire year in advance so I can pretty much do what I enjoy the most :)
Thanks for the info on KCS, I guess we all got our coins that turned out to be the money makers. I can't complain about my link position in that regard even though I sold 60% on the way up.
Yes, LINK has done well in our portfolio. Does it also have a passive income opportunity "linked' to it? Yes, LINK has done well in our portfolio. Does it also have a passive income opportunity "linked' to it? We've just been HODLing ours ...
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I have part of my LINK holding in the Crypto.com Earn which pays 4% on a yearly basis if you lock it up for 3 months. I'm tempted to put everything in it but on the other hand want to keep some on the side to possible sell and buy back cheaper in case of a crazy pump.
Okay, good to know @costanza! We own some MCO, as well, but had a very unpleasant experience with trying to get through their "registration" process.
So ... I have had neither the time nor motivation to try again. Knowing this, maybe I'll think about trying again ...
Thanks!
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I don't recall having any issues with their KYC process. It is always somewhat of a hassle though. I have the 50 MCO staked to get the benefits from my card (which still has to arrive). Being able to get that 50$ bonus certainly is something that helped pull the trigger. The big paradox about the MCO token though is that they have an incentive to keep the price suppressed so it doesn't become impossibly expensive for possible new card buyers to buy some and lock them up. The CRO price chart on the other hand just seems to only go up without a single pullback.
If anything, what they are doing at least works very well to get new customers as they saw a huge increase in the last couple of months.