Article first read on, The Creation Station Studios.
Earning passive income in one of the sought after forms on income in the world. There is nothing like relaxing on a beach, playing video games, eating, and/or traveling and knowing you your bills are paid and you’re generating passive income that will allow you to continue to enjoy such a fortunate and fulfilling life.
Here are four ways to easily earn passive income as we continue though the year 2019 and into the year 2020.
1) Staking and/or Mining Cryptocurrency
Mining Cryptocurrency
Since the inception of Bitcoin in 2009 blockchain technology has become a very popular way to transfer money between individuals or institutions. Bitcoin transactions are confirmed via a process called, “mining,’ aka “proof of work.” Bitcoin mining is the backbone of the Bitcoin network. Miners achieve this by solving a computational problem which allows them to chain together blocks of transactions (hence Bitcoin’s famous “blockchain”). For this service, miners are rewarded with newly-created Bitcoins and transaction fees.
Some other popular “Mine-able” cryptocurrencies:
- Ethereum (Rumored to be switching from ‘Proof of Work’ to ‘Proof of Stake’): Users are rewarded in the Ethereum cryptocurrency
- Litecoin: Users are rewarded in the Litecoin cryptocurrency
Staking Cryptocurrency
As the cryptocurrency space has developed, a concept known as “Staking” has developed via cryptocurrencies such as Ontology and Cardano. Staking is the purchase of ‘staking-capable‘ cryptocurrencies and keeping (holding) them in your cryptocurrency wallet (must be enabled for staking) for a particular period of time. Similar to Bitcoin, stakers/holders of these cryptocurrencies/digital assets are rewarded in their respective cryptocurrency for validating transactions, helping maintain the network, liquidity to the digital assets respective ecosystem.
Some other popular “Stake-able” cryptocurrencies:
- NEO: Users are rewarded in the GAS cryptocurrency
- Tron: Users are rewarded in the Tron cryptocurrency
- Dash
Those cryptocurrencies can then be cashed out on Coinbase for fiat/cash money, or used at merchants that accepts the cryptocurrency as payment.
Related Article: “Staking” Cryptocurrency for Passive Gains/Dividends via “Proof-of-Stake”
2) Referral/Affiliate Marketing via Social Media/Blogs/Online/ Any Outlets
Affiliate Marketing/Referral Programs
Selling stuff is a great way to make extra money whether you sell things you make or re-sell stuff you buy. The level of difficulty depends on what you’re selling. If you are making things yourself, it’s vastly harder than re-selling already existing items. Savvy entrepreneurs can utilize affiliate programs like Retailopolis‘s and easily monetize your efforts by simply driving traffic to their site via your personalized affiliate link.
Users track their referrals and conversions on their custom dashboard after registering for free.
Users can be compensated in fiat/cash or select cryptocurrencies. — Those cryptocurrencies can then be cashed out on Coinbase for fiat/cash money, or used at merchants that accepts the cryptocurrency as payment.
3) Browsing the web using the ‘Brave Browser’
Brave Browser
Basic Attention Token is an Ethereum token that powers Brave Software’s blockchain-based digital advertising platform. Internet users who browse the web using Brave’s free web browser (available at Brave.com) can choose to replace the ads they see with ads on Brave’s ad network. Users then receive/earn Basic Attention Tokens from advertisers as compensation for their attention.
The project combines a new browser, Brave, and a utility token based on the Ethereum, BAT, to create a decentralized online advertising platform. Participants in the ecosystem transact with the BAT token : on one side of the exchange, advertisers pay with BAT, and on the other side, publishers and users can earn with BAT.
Those ‘Basic Attention Tokens‘ can then be cashed out on Coinbase for fiat/cash money, or used at merchants that accepts the cryptocurrency as payment.
4) Holding, Trading, and/or Leveraging Cryptocurrency
By definition, “A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrency is a kind of digital currency, virtual currency or alternative currency.” Cryptocurrency and digital assets were created/birthed with the intention of being decentralized, however there are many cryptocurrencies that are not. The control of each cryptocurrency works through distributed ledger technology, via the blockchain, which serves as a public financial transaction database. The first ever released was Bitcoin, first released as open-source software in 2009. Since then, over 4,000 altcoin (alternative coin) variants of bitcoin have been created.
Holding Cryptocurrency
By definition, “A cryptocurrency (or crypto currency) is digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrency is a kind of digital currency, virtual currency or alternative currency.” Cryptocurrency and digital assets were created/birthed with the intention of being decentralized, however there are many cryptocurrencies that are not. The control of each cryptocurrency works through distributed ledger technology, via the blockchain, which serves as a public financial transaction database. The first ever released was Bitcoin, first released as open-source software in 2009. Since then, over 4,000 altcoin (alternative coin) variants of bitcoin have been created.
Since its inception, prominent blockchains and cryptocurrencies have increased in value, importance, usage, integration.
So..The longer something lasts the more likely it will CONTINUE to exists. Using your basic critical thinking skills here..If you look at this CHART of DATA, you really think Bitcoin, XRP, & other valuable cryptocurrencies are going to $00 ? LOL #bitcoin #xrp #crypto #piiggybank pic.twitter.com/SpEbA8qOX5
— Kevin L. Walker (@KevinLWalker) December 14, 2018
I wonder what the numbers will be for 2019 and 2020… When Bitcoin goes up, so does the rest of the market… #Bitcoin #XRP #Cardano #Stellar #Tron #Neo #Ontology #crypto #piiggybank #smartmoney pic.twitter.com/vFQM38IlhS
— Kevin L. Walker (@KevinLWalker) January 26, 2019
Since 1913, the US Dollar has only lost purchasing power.
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