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A comment on Ask HN: What is your strategy for significant passive income in 2021?.

Re:Ask HN: What is your strategy for significant passive inc... by rulambo on Tuesday March 09, 2021 @05:58AM (#26397570)
I don't think there is any "passive" income in YouTube or creating something. Passive income flow is owning for example 20% of a farm which pays you out a share of their income every year.

This being said, don't make it complicated. The last 10 years, putting your savings into FAANG was enough, and the next 10? Well, I am 3 years in BTC and it paid me well (2019: +60%, 2020: +350%, 2021: +80%).

Watch 5 minutes of this (timestamped) https://youtu.be/ld8SBflZR7o?t=1033

And read this: https://twitter.com/RaoulGMI/status/1369038305187270658

Don't read Twitter, HackerNews or any other social media site regarding finance. Or at least, follow 1-2 people who know what they are saying. Stay otherwise away and make money.

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Re:Ask HN: What is your strategy for significant passive inc... by akudha on Tuesday March 09, 2021 @06:30AM (#26397822)
Is it too late to get into BTC?
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Re:Ask HN: What is your strategy for significant passive inc... by dbrereton on Tuesday March 09, 2021 @03:54PM (#26404083)
Anyone answering this question for you is probably biased in either direction. You should do your own reading and decide for yourself.

Here's a good article from 2018 that gives an argument on the bullish side: https://vijayboyapati.medium.com/the-bullish-case-for-bitcoi..., and here's a more bearish view: https://crypto-anonymous-2021.medium.com/the-bit-short-insid....

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Re:Ask HN: What is your strategy for significant passive inc... by csomar on Tuesday March 09, 2021 @11:00AM (#26400076)
It's definitively late if you are expecting the x100 returns, and significantly perilous now since prices have risen a lot recently.
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Re:Ask HN: What is your strategy for significant passive inc... by puddingnomeat on Wednesday March 10, 2021 @12:38AM (#26408167)
That depends. Where is the ceiling? There has to be a rational upper bound. Right?
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Re:Ask HN: What is your strategy for significant passive inc... by rulambo on Tuesday March 09, 2021 @06:34AM (#26397850)
Have you taken your time and watched 5 minutes of the linked YouTube video?

HedgeFunds are just starting to get into BTC. The price is still to low for them to allocate even 1% of their capital to it. When the price hits around 500k, then it is starting to get interesting. So, no. It's not.

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