If I can offer any advice for some guys on here for crypto....please study crypto autobots....for passive income.
Emphasis on the STUDY.
I started studying how you can capitalize on the fluctuations of crypto currency about a year ago....and that lead me to crypto hopper and 3 commas.
Three commas is what I currently use.
Basically it works like this. I only use DCA bots (dollar cost averaging), some like to be more chancey and use gordon, grid bots etc....but for me this is about making money while you sleep. And thats basically what i do. Gordon and Grid bots you need to be on and tweaking. DCA it is what it is and you can go on vacation or sleep...it just makes money without massive risk.
I have a couple friends on this site that I told about this and they and myself have all been exchanging notes on using the crypto bots with dollar cost averaging and letting it run. The person we follow on most of this stuff made 6 figures in profit last year pretty much while he slept and went on vacation. You set up the autobots and just let them go. Very little tweaking.
My first 18 days I started slow and made money every single day and I averaged 136 dollars per day over the first 18 for sleeping. I say "sleeping" because thats basically what you do. You set up your parameters and bots and let them run. When i wake up I look and I make 78 to 300 dollars when i wake up. Not a bad gig for sleeping.
Since my first 18 days ive pushed things a bit and im trying to turn that 136 dollars average into 300 dollars a day....and Im right on track to doing so. My longterm goal is to get the autobots to make 12k a month profit and I think I will make that goal. Again for "sleeping"....its passive
I urge people to study this. Get on google look up auto trading bots, look up dollar cost averaging, spend the time to learn it. Please dont PM me on this, I will not answer. I am not expert enough on this to feel confident giving financial advice. I studied one particular guys system and parameters and it has worked great. I have developed my own system which I have told my friends about and it has worked for myself and us.
If you do it correctly any money you put into a correct autobot system you will double within a matter of months. It works on the fluctuations of price and volatility. I use coingecko and study spread/volatility and market share and thats how i make my decisions. Couple guys I know got kind of greedy and went for the gusto outside of DCA bots and won big and lost big....not my style...I am a busy person with very little free time.....and set it up and leave it and let it make money without risk is how i like to do things.
I am pretty darn confident from what i know right now that 1000 dollars put in would make 14 bucks a day. 10000 dollars would make 140 dollars a day and so on and so on. Pretty confident of that. So if a guy put in 5000 I am pretty confident if he did things correctly he would average 60 dollars a day over a month and a years time. He would double his 5000 dollars in 83 days. That adds up quickly over time.
And what you do with taxes is depending on where you live and your tax bracket ( I live in California so i get taxed like no tomorrow ) ....you take tax bracket (28/34/38/44/50/54) and put it aside. Here in Cali with fed and state its pretty much :half"....So you take half your profit and put it in Gemeni/Blockfi/Celcius/Ledn or someplace similiar and make the 8-12% and make that your tax fund. If you make 100k with autobots and your taxed at 50%, you put that 50k in an 8-12% stablecoin account/s and make an extra 5000 dollars on it this year.....and pay your taxes.
Anyways i highly urge people that are into crypto to study the crypto autobot information out there. You can set the autobots to make you crypto or you can set the autobots to make you money. I feel you should set it to make you money because if you accumulate crypto thats great until the time that coin then drops down and you didnt get what you thought you were going to get. Example: You make 120k this year with autobots in cash....thats your 120k. Or you make 2 bitcoin this year (120k as of right now) and then bitcoin drops to 37k in March...well your 120k is now worth 74k not so great.
Anyway I hope i gave some people some food for thought. Myself and a few close friends I have on this site are doing well with it.