Firstly I would like to say that $10,000 is a good startup capital. Then permit me to walk you through Cryptocurrency in a nutshell. If I may….
Cryptocurrency is a a great way to make passive income while you sleep like a baby. Cryptocurrency never sleeps because it’s ran by computers and machines that never sleep. Once the crypto is running you don’t have to touch it. It’s not like setting up a website or blog that sells merchandise where you must continually market and put out blog posts.
There are different ways to earn passive income with cryptocurrency.
Mine proof of work cryptocurrency like:
It will require buying some computers that are capable of mining crypto but with 10,000 dollars you can afford it and make passive income.
Stake Cryptocurrency and/or Run a Masternode
Another way to gain passive income with cryptocurrency is to buy a certain amount of coins from an exchange and then stake them on a masternode or wallet. Masternodes can be more difficult to run but also be more lucrative. However, a fairly well known cryptocurrency called Divi makes both staking and Masternodes easy to do and set up. Here are some famous staking and masternode projects to research and consider. All of these should be affordable to someone with 10,000 dollars.
There are many other Proof of stake cryptos that you can make passive income with. This is just a short list.
There are a variety of cryptocurrency DeFi projects that allow people to yield farm, stake, and lend cryptocurrency. Some famous DeFi projects include:
There are countless different DeFi platforms. What are some of your favorite DeFi projects?
In conclusion if you are a new investor I personally would advice you contact a financial advisor who will help put you on the right path. I recommend Kimberly Marie Whaley an expert broker and financial advisor with over 15 years of experience especially for new investors. She will help put you on the right path to success. You can look her up on Google.
Thanks for your time.