Stacking may not sound the most appealing way to earn crypto, but don’t worry it doesn’t evolve filling supermarket shelves, just adopting a similar methodical approach to earning cryptocurrency.
Stacking sats is a common mantra within the community and done right it is a good passive way to build a portfolio with moderate risk. We explain what is involved in building that stack.
The Stacking category is characterised by what we call earning through Passive Ownership; the risk ramps up because you are putting your own money on the line, but the idea of passive earning is that your crypto is working for you.
There are different ways to build and leverage your stack, from Dollar Cost Averaging (DCA) to interest bearing services, which involve a different level of responsibility and decision making.
"If you don't find a way to earn while you sleep,
you'll work until you die"Warren Buffet
Forks & Airdrops
Cryptocurrency is both a new internet money and a digital asset you can invest in. Owning cryptocurrency is, therefore, like owning shares in a company, with potential gains from its appreciation, as well as crypto’s equivalent of dividend payments aka Forks and Airdrops.
These are often characterised as free crypto, but as you now know that it is never the case, it is simply a matter of understanding what compromise or risk is involved in benefiting from them.
Earning from Speculating
Crypto is evolving, and as it evolves, so do the opportunities to earn, to the point where they start to challenge existing ways to manage your wealth and invest. This includes Defi (Decentralised Finance), Trading and crypto-specific Investment platforms, all of which carry much more considerable risk – and on the flip-side, significant potential returns.
Defi and trading form part of the advanced section on earning cryptocurrency, focused on speculating. It will also introduce the opportunities from investing in Non Fungible Tokens. NFTs are tokens representing the rights to collectibles like digital art, and sit at the cutting edge of speculation within the crypto ecosystem
Lastly, we’ll look at how you can earn by participating directly in cryptocurrency functioning as a miner or staker, depending on the consensus mechanism used.
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