To be honest, I'm start getting tired and discourage of things like this, sounds like a click bait, oh I'm making 20K a month (but in order to do that i have to invest 8K in a miner, 10K in nodes etc etc), 0.1% of us have that kind of money to gamble, feels more than rub it in our faces than actually a guide, anyways that was my 2 cents
Sorry to hear that. Watching these types of videos when I was just getting started motivated me to get where I am today... so I thought that other people would feel the same way. I never felt like those videos I watched were people rubbing it in my face. I felt like they were showing me what's possible. Maybe I'm wrong about this. Or maybe it just comes down to your mindset. Dunno. I bootstrapped nearly all this from very small amounts of money over the past 6 years. It's easy to write this off as "oh you just have a bunch of money, so of COURSE you can make this kind of money" but the reality is that this took a massive amount of work and time to get here. It does take money to make money though. There is certainly some truth there. But you don't need tons of money to start. That's a myth.
Some of those ASICS are so expensive and a gamble. You really have to buy in RIGHT when the miner comes out into production. Get it fast and start mining ASAP. The mining difficulty goes up along with hashrate. You are right that it can be a gamble and requires a lot of money to buy those miners. There are tons of BTC Miners in the 30 to 50k range. Takes 2 years to breakeven. You better get a miner that isn't going to be obsolete in 2 years otherwise you just wasted your time. It needs a lot of compute power and the hardware specs have to be high to keep up with mining competition/hashrate. I gave up on ASICS, most of the ones shilled were just youtubers trying to make a commission sale and they already got the miners 2 months in advance and they got it for free. 4 more months and the miner is no longer profitable because everyone jumps on the network. The mining hardware manufactuerer takes 2 or more months to ship out the product. you get burned and screwed. It's a bad deal. Unless you have a ton of money to blow and risk, I would highly recommend to NOT get into ASIC mining.
@@YourFriendAndy I think the thing is that is not clear How much you spended and when. Because I think it would be nice to see how much you spended Vs how much you are earning. So Is your strategy better than buy S&P or just hold Bitcoin since you invested your money? Also there is a lot of speculation on the price increase on each of those small altcoins.
I've watched Andy's channel for quite a while on and off and here's what you need to understand... He "got lucky" with making a decent amount from Flux with a small investment. But how you increase the chance of that "luck" is tens of hours PER WEEK researching and joining countless Discord communities etc. The next key bit is how you then actually use those profits. Greed is the enemy. The best tip I can give is, unless you really believe in a project then take out your initial investment as soon as possible, even at the risk of losing "bigger gains". Then everything after that is profit for that project. Then move onto researching other stuff/projects. That's how he has so many different revenue streams. Then you can choose how much of that revenue to reinvest. Sure, there are a few lucky UA-camrs who basically bet all on red and it paid off. They then make videos on things which basically are not the actual cause of their success and could be plain bad advice. Not the case with Andy. Yep he's gone into plenty of super risky projects, but balanced with other less risky strategies.
B.S ALL THIS... I HAVE DONE ALL AND IS NOT PROFITABLE, HOW YOU WILL BE ABLE TO PAY YOUR EXPESES IF YOU ARE HOLDING EVERY SINGLE COIN YOU MINED, I THINK YOU DO THIS ADVERTISING VIDEOS BECAUSE YOU MAKE MORE DOING AND LAYING TO YOUR COMMUNITY.
I'm guessing you meant "lying" not "laying" but no, I'm not lying. I make far more money with the crypto stuff than I do through youtube monetization from these videos (many multiples more). How do I pay expenses if I hold all the coins? I have a BUNCH of income streams from jobs I do and I pay all this with that. How do you pay your bills?
@@YourFriendAndyhaters will hate. Don’t let them drag you down. You’re inspiring to say the least. I’m glad I stumbled across your account. You’re absolutely killing it.
Great video! I'm surprised by many of the negative comments below. From my perspective, you provided a thorough breakdown of your process, including the original cost, some realistic and hopeful targets, and what you plan to do moving forward. Many others only show a small portion of their approach, but you have comprehensively shown your methods. Additionally, I appreciate how you outlined the various ways you've diversified your income. You presented multiple approaches that viewers can research and explore, depending on their financial situation, which helps appeal to a broad audience. Overall, I found it to be an insightful and valuable video in my opinion. Keep up the good work!
You forget to mention you have more than a million dollars invested. You can make 20k a month in any investment with that kind of money. Edited. I'm going to correct my statement. I wasn't being fair. You are always transparent what it takes to make what and how you're doing it. I got slightly triggered by the thumbnail.
No, I definitely did NOT invest more than a million dollars to get all this. And I didn't forget to mention my investments (which I do cover quite a few of them in this). The point of this is to showcase all the different passive income sources I have and people can pick and choose if any are of interest to them. But to get back to the investment thing for a moment, I bootstrapped the majority of this from very modest beginnings... I've just been building it for over 6 years now.
@YourFriendAndy Hey Andy. Sorry for the disrespect and wasting your time having to reply to my negativity. I've been watching for you years. You are one of the few whom are transparent and honest with everything crypto. I've always loved your channel. I know you've been working hard at it for a long time now and the fruits of your labor are evident. This video just got under my skin for a quick second. I wasn't even being fair and watching the whole video. It just came off click baity a little bit and my personal opinion feels like it's off character for what I'm used to from you. I think we are in a sensitive time and what's portrayed right now is incredibly important. I've been in crypto for 10+ years. Have mined with dang near 1000 gpus. Asics. And still have 2.5 petabytes for POC mining. Things are changing super fast right now. Asics are a scam and pretty much always have been. GPU mining is long dead. You have an incredibly important role in guiding and protecting people. You have to be super careful about what you say. There are a million channels that scream passive income. High profits. Wild gains etc. Don't be that channel. I know you always warn people about the advice and risks. Don't feel like you need click baity content to get views. Your quality of content and community you have grown is worth 10 fold that. Keep standing out as a quality content creator. My apologies for any disrespect. I just got in a mood when I noticed the thumbnail and the beginning of the video. 100s of scummy channels do that crap. It's not you. Purely honest feedback. Sorry for wasting your time.
@@ChuckRayNorris No harm Chuck! Yeah, I think you make a great point about the timing. In hindsight maybe I should have taken a different tone in the beginning of the video given the current market conditions. I'm just a very optimistic person when it comes to this stuff, probably to a fault, and while I'm a-okay with the drawdowns or even failures because of my conviction/beliefs for the future, I have to recognize that not everyone is right there with me. Appreciate the feedback. I'll take it to heart. Thanks for being here.
@YourFriendAndy absolutely Andy! I can only imagine how difficult it is being a content creator and dealing with the wide variety of people and their beliefs about finance and investing. Incredibly difficult. Internet can be an awesome and awful place at the same time. Stay vigilant as things are rapidly changing. We truly live in scary times. And I never say that. Protect your peoples and cumminity!
That was a helpful video, Andy. I am researching mining hosts with cheap electricity around the world because it is hard to maintain profitability with an ever-increasing difficulty level. Have you looked into places like Ethiopia and Kazakstan? What's to stop you from diversifying abroad?
Andy, i really love your channel and you have essentially become my hope that i too can earn some passive income to the point of being free of a job in a few years down the line. Please dont get discouraged by all the skepticism im reading below, i really want you to stick around for awhile please. Many of us believe in you!! i dont know how you are patient enough to deal with some of the people on here, its absolutely ridiculous what some people say, like "youre lying now because you said above that it was passive and you still had to do stuff so its not passive" lol
So I have been collecting "Grass" for a couple months. (over 200k collected) When is this going to Actually drop where the points I have accrued make this passive income you keep talking about? I have seen on different markets where the grass coin is being traded. Would be nice if the customer support would answer their emails too!
I can't find it now going back through the video but wasn't there a node that you mentioned that was $100 and earned a couple hundred dollars a month or did I hear wrong
Quite a few on this list that earn hundreds a month WERE way cheaper once upon a time. To get the outsized returns with small amounts of capital you have to be early unfortunately.
Tough question. Depends on so many factors. But for most of the things I'm in, you'll need a pretty good amount of money to hit $2K/month in the current market. Probably $20-30K on the low side and $50-60K on the higher side. Depends on your risk appetite and what you are getting into. But more than that, it depends on how early you get in. I've only invested $9K-ish into Flux and that one is worth almost $300K now and makes $1.5K to $2K a month.
It sounds like you're paying a fortune in electricity costs each month. Are you able to attach solar panels to your roof? I would think in the long run that would be a very wise investment for you.
so you do absolutely NOTHING to earn this money? No updates on nodes? no maintenance on your devices/nodes? no keeping up to date with project changes? no communication with project management? if you hire it the work, you don't communicate for proper management of your crypto project investments? mmhmmm. so tired of this black and white, clickbait titles. Passive income b.s. the only thing that is truly passive is stock market investments and portfolios. These same creators will say that operating an Amazon ecommerce store is passive, being a landlord is passive, etc, etc. So you do absolutely no active work for these income sources? very few income sources are passive. Passive is completely hands off. At most, you could called these semi-passive.
1) 95% or more of the time, I literally do nothing. I think that's good enough for the title to not be clickbait... but also, this is youtube. I have to compete with thousands and thousands of other creators and millions of videos. So I have to take SOME liberties with titles in order to hopefully get a few views. Don't hate the player, hate the game. 2) Back to that 95%... I really, truly do not touch most of these most of the time. I haven't touched my Flux nodes in well over a year. I haven't done a single thing with my Bitcoin machines EVER, aside from buying them. Much of this is literally passive for 90-99% of the time. That's good enough for me to call it "doing nothing" I think you are getting bothered by something that is more semantics than it is an actual issue. Regardless, thanks for at least clicking the video and giving it a chance, even if you didn't watch it. These things takes hours and hours to produce, so I appreciate the click.
@@YourFriendAndy I have watched a lot of your videos actually and I skimmed through this one. So you are essentially a part of the bigger game. The whole internet is flooded these days with "Passive Income B.S." So many of these type of videos give people the idea that everyone can, for example, be a 6 figure a month Amazon seller starting their first month in business. That is not how 99% of businesses work and even data from the SBA can prove that. That it's easy and everyone can do it. That amazon seller statistics show that the majority of amazon seller's make less than 5 figures a month in REVENUE. I am a part of some crypto node projects so I realistically know what it takes. So many youtubers and content creators are selling people the dream. It takes money to make money. I, for example, am not as old as you and don't have as much capital to invest to make 21k/month from crypto. You have to breakeven in order to use and allocate more funds to more projects for more "passive income." You also inherently have a lot of risk with investments. These youtubers are so fake when they don't share their losses and only show the good side. It's like Instagram 101. These youtubers are so misleading in how they sell you the dream. Oh, buy my course, or click on my affiliate link or join my membership. In reality, the customers are the product and most of them are liars and not making that kind of money. They are selling a dream and making money off of selling the dream. It takes a lot of time to build up capital to reinvest into more income streams or expand a business for the majority of the population. I am almost 100% certain you didn't just come up with the money from thin air to buy your bitcoin miners and all the other crypto projects you've invested it. It had to come from somewhere. Yourself over the years or someone else. i.e. saved funds, another business, a job, VC, etc. I hope you understand. The majority of these "Passive Income" videos are b.s. and are selling a dream that isn't reality. They are very misleading. Quick, easy money doesn't exist if you acquire it the legal legit way. The are so many ponzi promotions in crypto and I just have a general disdain for that term "Passive" in any industry or business. I think its misleading for the general public and they get the wrong idea. Scammers use those words to lure people into ponzi schemes or their own scam. They appeal to people's emotions and lure them in with the bait. I get value from some of the videos and projects you have made. I ignore the stuff that smells way too fishy and ponzi-like. That term "passive income" is widely used the wrong way and for the wrong intentions. I understand you are trying to play the keywords and algorithm game. Maybe explain to people a little bit that this isn't truly passive or give them a general realistic overview of how investments and businesses work? I think you have done some of that on your videos. Especially educate people in crypto with the very high risk because it it full of money laundering and criminals. The lack of regulations enable it to do so. I think you have done some of that on your videos. I don't trust most of these crypto youtubers because they consistently shill scams and ponzi's. They delete their videos that make them look not credible at all and dodge and deny the truth about their dishonesty, shady tactics, and how they really make money. Think James Pelton, FireHustle, Pocketaces, etc. Shady business practices. DON'T BE ONE OF THOSE SLIMEBALLS. Sustainable business comes from transparency and honesty. Integrity is very important. I'm not saying you have or haven't done these things. Good or bad. Anyways, take care.
@@JB-cn9qm I really appreciate the feedback. I do want to say a couple of things: -I never try to sell this as "get rich quick." If you follow my journey, you'll know I've been in crypto on and off since 2014. I only started seriously building all this in 2017. It's taken years to get here. I can probably do a better job of saying that, but I do say it a lot in many of my videos. -Most of this stuff really IS passive. Nodes can be only "semi-passive" if you do it all yourself. I use services that do a lot of the work for me. Same with hosting. There are ways to do this stuff so it's almost 100% hands off (until you're ready to sell). That doesn't make it "easy" it just makes it passive. Easy and passive aren't the same thing. -Of course it takes money to make money. I think I make that clear in the video when I say things like "I invested $120K to buy these miners" etc. I never hide that. But I also believe you can start from nearly zero and boostrap. THat's what I did. I never had money to start. -I really believe other people can do what I did and I don't believe they have to join my membership or do anything special to do it. Maybe some of those points weren't aimed at me, but I wanted to be extra clear on a few things. I would agree that a lot of stuff in this space is BS. I just try to not make my stuff like all of that.
Hot diggity damn! I respect your crypto earning work ethic!! Can’t knock the hustle! 👏🏽🫡 I’m a rewatch it. Inspiring! I love Crypto and I’m ready to earn passive income in Crypto!
To be honest, I'm start getting tired and discourage of things like this, sounds like a click bait, oh I'm making 20K a month (but in order to do that i have to invest 8K in a miner, 10K in nodes etc etc), 0.1% of us have that kind of money to gamble, feels more than rub it in our faces than actually a guide, anyways that was my 2 cents
Sorry to hear that. Watching these types of videos when I was just getting started motivated me to get where I am today... so I thought that other people would feel the same way. I never felt like those videos I watched were people rubbing it in my face. I felt like they were showing me what's possible. Maybe I'm wrong about this. Or maybe it just comes down to your mindset. Dunno.
I bootstrapped nearly all this from very small amounts of money over the past 6 years. It's easy to write this off as "oh you just have a bunch of money, so of COURSE you can make this kind of money" but the reality is that this took a massive amount of work and time to get here.
It does take money to make money though. There is certainly some truth there. But you don't need tons of money to start. That's a myth.
Some of those ASICS are so expensive and a gamble. You really have to buy in RIGHT when the miner comes out into production. Get it fast and start mining ASAP. The mining difficulty goes up along with hashrate. You are right that it can be a gamble and requires a lot of money to buy those miners. There are tons of BTC Miners in the 30 to 50k range. Takes 2 years to breakeven. You better get a miner that isn't going to be obsolete in 2 years otherwise you just wasted your time. It needs a lot of compute power and the hardware specs have to be high to keep up with mining competition/hashrate.
I gave up on ASICS, most of the ones shilled were just youtubers trying to make a commission sale and they already got the miners 2 months in advance and they got it for free. 4 more months and the miner is no longer profitable because everyone jumps on the network. The mining hardware manufactuerer takes 2 or more months to ship out the product. you get burned and screwed. It's a bad deal. Unless you have a ton of money to blow and risk, I would highly recommend to NOT get into ASIC mining.
@@YourFriendAndy I think the thing is that is not clear How much you spended and when. Because I think it would be nice to see how much you spended Vs how much you are earning. So Is your strategy better than buy S&P or just hold Bitcoin since you invested your money?
Also there is a lot of speculation on the price increase on each of those small altcoins.
I've watched Andy's channel for quite a while on and off and here's what you need to understand...
He "got lucky" with making a decent amount from Flux with a small investment. But how you increase the chance of that "luck" is tens of hours PER WEEK researching and joining countless Discord communities etc.
The next key bit is how you then actually use those profits. Greed is the enemy. The best tip I can give is, unless you really believe in a project then take out your initial investment as soon as possible, even at the risk of losing "bigger gains". Then everything after that is profit for that project.
Then move onto researching other stuff/projects. That's how he has so many different revenue streams. Then you can choose how much of that revenue to reinvest.
Sure, there are a few lucky UA-camrs who basically bet all on red and it paid off. They then make videos on things which basically are not the actual cause of their success and could be plain bad advice.
Not the case with Andy. Yep he's gone into plenty of super risky projects, but balanced with other less risky strategies.
Bitch and moan or use for information and set goals. Clearly we see you're disposition.
B.S ALL THIS... I HAVE DONE ALL AND IS NOT PROFITABLE, HOW YOU WILL BE ABLE TO PAY YOUR EXPESES IF YOU ARE HOLDING EVERY SINGLE COIN YOU MINED, I THINK YOU DO THIS ADVERTISING VIDEOS BECAUSE YOU MAKE MORE DOING AND LAYING TO YOUR COMMUNITY.
I'm guessing you meant "lying" not "laying" but no, I'm not lying. I make far more money with the crypto stuff than I do through youtube monetization from these videos (many multiples more). How do I pay expenses if I hold all the coins? I have a BUNCH of income streams from jobs I do and I pay all this with that. How do you pay your bills?
@@YourFriendAndyhaters will hate. Don’t let them drag you down. You’re inspiring to say the least. I’m glad I stumbled across your account. You’re absolutely killing it.
Great vid Andy
Thanks for watching!
Great video! I'm surprised by many of the negative comments below. From my perspective, you provided a thorough breakdown of your process, including the original cost, some realistic and hopeful targets, and what you plan to do moving forward. Many others only show a small portion of their approach, but you have comprehensively shown your methods.
Additionally, I appreciate how you outlined the various ways you've diversified your income. You presented multiple approaches that viewers can research and explore, depending on their financial situation, which helps appeal to a broad audience. Overall, I found it to be an insightful and valuable video in my opinion. Keep up the good work!
I was surprised too! Thanks for watching and for the comment.
You forget to mention you have more than a million dollars invested. You can make 20k a month in any investment with that kind of money.
Edited. I'm going to correct my statement. I wasn't being fair. You are always transparent what it takes to make what and how you're doing it. I got slightly triggered by the thumbnail.
No, I definitely did NOT invest more than a million dollars to get all this. And I didn't forget to mention my investments (which I do cover quite a few of them in this). The point of this is to showcase all the different passive income sources I have and people can pick and choose if any are of interest to them.
But to get back to the investment thing for a moment, I bootstrapped the majority of this from very modest beginnings... I've just been building it for over 6 years now.
@YourFriendAndy Hey Andy. Sorry for the disrespect and wasting your time having to reply to my negativity. I've been watching for you years. You are one of the few whom are transparent and honest with everything crypto. I've always loved your channel. I know you've been working hard at it for a long time now and the fruits of your labor are evident. This video just got under my skin for a quick second. I wasn't even being fair and watching the whole video. It just came off click baity a little bit and my personal opinion feels like it's off character for what I'm used to from you. I think we are in a sensitive time and what's portrayed right now is incredibly important. I've been in crypto for 10+ years. Have mined with dang near 1000 gpus. Asics. And still have 2.5 petabytes for POC mining. Things are changing super fast right now. Asics are a scam and pretty much always have been. GPU mining is long dead. You have an incredibly important role in guiding and protecting people. You have to be super careful about what you say. There are a million channels that scream passive income. High profits. Wild gains etc. Don't be that channel. I know you always warn people about the advice and risks. Don't feel like you need click baity content to get views. Your quality of content and community you have grown is worth 10 fold that. Keep standing out as a quality content creator. My apologies for any disrespect. I just got in a mood when I noticed the thumbnail and the beginning of the video. 100s of scummy channels do that crap. It's not you. Purely honest feedback. Sorry for wasting your time.
@@ChuckRayNorris No harm Chuck! Yeah, I think you make a great point about the timing. In hindsight maybe I should have taken a different tone in the beginning of the video given the current market conditions. I'm just a very optimistic person when it comes to this stuff, probably to a fault, and while I'm a-okay with the drawdowns or even failures because of my conviction/beliefs for the future, I have to recognize that not everyone is right there with me.
Appreciate the feedback. I'll take it to heart. Thanks for being here.
@YourFriendAndy absolutely Andy! I can only imagine how difficult it is being a content creator and dealing with the wide variety of people and their beliefs about finance and investing. Incredibly difficult. Internet can be an awesome and awful place at the same time. Stay vigilant as things are rapidly changing. We truly live in scary times. And I never say that. Protect your peoples and cumminity!
Hey Andy! Do you have any thoughts on the Sonic node for Solana? Seems up you're alley and I'd love to know what you think!
That was a helpful video, Andy. I am researching mining hosts with cheap electricity around the world because it is hard to maintain profitability with an ever-increasing difficulty level. Have you looked into places like Ethiopia and Kazakstan? What's to stop you from diversifying abroad?
Andy, i really love your channel and you have essentially become my hope that i too can earn some passive income to the point of being free of a job in a few years down the line. Please dont get discouraged by all the skepticism im reading below, i really want you to stick around for awhile please. Many of us believe in you!! i dont know how you are patient enough to deal with some of the people on here, its absolutely ridiculous what some people say, like "youre lying now because you said above that it was passive and you still had to do stuff so its not passive" lol
Doing good andy, get a sky x miner yet ?
Haven't looked at that one. I'll add it to my list!
Where is your Mine located? Where do you get your Electricity?
I host all my miners with Musk Miners. They take care of everything. muskminers.com/
Had to turn off my 3 BTC miners can't afford the loss right now and paying out of pocket for electric.
I'm really hoping the Bitcoin price starts to move again soon
So I have been collecting "Grass" for a couple months. (over 200k collected) When is this going to Actually drop where the points I have accrued make this passive income you keep talking about? I have seen on different markets where the grass coin is being traded. Would be nice if the customer support would answer their emails too!
I can't find it now going back through the video but wasn't there a node that you mentioned that was $100 and earned a couple hundred dollars a month or did I hear wrong
Quite a few on this list that earn hundreds a month WERE way cheaper once upon a time. To get the outsized returns with small amounts of capital you have to be early unfortunately.
Hi. I m having goldshell. All is ok but my hashrate is blank. Can u guide what is wrong ?
How much do you need initially to make 2k passive per month?
Tough question. Depends on so many factors. But for most of the things I'm in, you'll need a pretty good amount of money to hit $2K/month in the current market. Probably $20-30K on the low side and $50-60K on the higher side. Depends on your risk appetite and what you are getting into. But more than that, it depends on how early you get in. I've only invested $9K-ish into Flux and that one is worth almost $300K now and makes $1.5K to $2K a month.
It sounds like you're paying a fortune in electricity costs each month. Are you able to attach solar panels to your roof? I would think in the long run that would be a very wise investment for you.
He host them for 7cents a kw at a farm not at his house
Wait where is FLUX nodes?
He still has them
I talk about Flux in this video
so you do absolutely NOTHING to earn this money? No updates on nodes? no maintenance on your devices/nodes? no keeping up to date with project changes? no communication with project management? if you hire it the work, you don't communicate for proper management of your crypto project investments? mmhmmm. so tired of this black and white, clickbait titles. Passive income b.s. the only thing that is truly passive is stock market investments and portfolios. These same creators will say that operating an Amazon ecommerce store is passive, being a landlord is passive, etc, etc. So you do absolutely no active work for these income sources? very few income sources are passive. Passive is completely hands off. At most, you could called these semi-passive.
1) 95% or more of the time, I literally do nothing. I think that's good enough for the title to not be clickbait... but also, this is youtube. I have to compete with thousands and thousands of other creators and millions of videos. So I have to take SOME liberties with titles in order to hopefully get a few views. Don't hate the player, hate the game.
2) Back to that 95%... I really, truly do not touch most of these most of the time. I haven't touched my Flux nodes in well over a year. I haven't done a single thing with my Bitcoin machines EVER, aside from buying them. Much of this is literally passive for 90-99% of the time. That's good enough for me to call it "doing nothing"
I think you are getting bothered by something that is more semantics than it is an actual issue. Regardless, thanks for at least clicking the video and giving it a chance, even if you didn't watch it. These things takes hours and hours to produce, so I appreciate the click.
Just tell him.... You sell fruit on the side of the highway 😂🤑crypto is the side hustle.
@@YourFriendAndy I have watched a lot of your videos actually and I skimmed through this one. So you are essentially a part of the bigger game. The whole internet is flooded these days with "Passive Income B.S." So many of these type of videos give people the idea that everyone can, for example, be a 6 figure a month Amazon seller starting their first month in business. That is not how 99% of businesses work and even data from the SBA can prove that. That it's easy and everyone can do it. That amazon seller statistics show that the majority of amazon seller's make less than 5 figures a month in REVENUE.
I am a part of some crypto node projects so I realistically know what it takes. So many youtubers and content creators are selling people the dream. It takes money to make money. I, for example, am not as old as you and don't have as much capital to invest to make 21k/month from crypto. You have to breakeven in order to use and allocate more funds to more projects for more "passive income." You also inherently have a lot of risk with investments. These youtubers are so fake when they don't share their losses and only show the good side. It's like Instagram 101. These youtubers are so misleading in how they sell you the dream. Oh, buy my course, or click on my affiliate link or join my membership. In reality, the customers are the product and most of them are liars and not making that kind of money. They are selling a dream and making money off of selling the dream.
It takes a lot of time to build up capital to reinvest into more income streams or expand a business for the majority of the population. I am almost 100% certain you didn't just come up with the money from thin air to buy your bitcoin miners and all the other crypto projects you've invested it. It had to come from somewhere. Yourself over the years or someone else. i.e. saved funds, another business, a job, VC, etc.
I hope you understand. The majority of these "Passive Income" videos are b.s. and are selling a dream that isn't reality. They are very misleading. Quick, easy money doesn't exist if you acquire it the legal legit way. The are so many ponzi promotions in crypto and I just have a general disdain for that term "Passive" in any industry or business. I think its misleading for the general public and they get the wrong idea. Scammers use those words to lure people into ponzi schemes or their own scam. They appeal to people's emotions and lure them in with the bait.
I get value from some of the videos and projects you have made. I ignore the stuff that smells way too fishy and ponzi-like. That term "passive income" is widely used the wrong way and for the wrong intentions. I understand you are trying to play the keywords and algorithm game. Maybe explain to people a little bit that this isn't truly passive or give them a general realistic overview of how investments and businesses work? I think you have done some of that on your videos.
Especially educate people in crypto with the very high risk because it it full of money laundering and criminals. The lack of regulations enable it to do so. I think you have done some of that on your videos. I don't trust most of these crypto youtubers because they consistently shill scams and ponzi's. They delete their videos that make them look not credible at all and dodge and deny the truth about their dishonesty, shady tactics, and how they really make money. Think James Pelton, FireHustle, Pocketaces, etc. Shady business practices. DON'T BE ONE OF THOSE SLIMEBALLS. Sustainable business comes from transparency and honesty. Integrity is very important. I'm not saying you have or haven't done these things. Good or bad.
Anyways, take care.
@@TenMinutesToMidnight1 I like the term "side hustle" a lot better than "passive." It sounds more realistic.
@@JB-cn9qm I really appreciate the feedback. I do want to say a couple of things:
-I never try to sell this as "get rich quick." If you follow my journey, you'll know I've been in crypto on and off since 2014. I only started seriously building all this in 2017. It's taken years to get here. I can probably do a better job of saying that, but I do say it a lot in many of my videos.
-Most of this stuff really IS passive. Nodes can be only "semi-passive" if you do it all yourself. I use services that do a lot of the work for me. Same with hosting. There are ways to do this stuff so it's almost 100% hands off (until you're ready to sell). That doesn't make it "easy" it just makes it passive. Easy and passive aren't the same thing.
-Of course it takes money to make money. I think I make that clear in the video when I say things like "I invested $120K to buy these miners" etc. I never hide that. But I also believe you can start from nearly zero and boostrap. THat's what I did. I never had money to start.
-I really believe other people can do what I did and I don't believe they have to join my membership or do anything special to do it.
Maybe some of those points weren't aimed at me, but I wanted to be extra clear on a few things. I would agree that a lot of stuff in this space is BS. I just try to not make my stuff like all of that.
@PLAYA3ULLGAMES
NUMBER 1 !!!!!!!!!!!!!!!
Hot diggity damn! I respect your crypto earning work ethic!!
Can’t knock the hustle! 👏🏽🫡 I’m a rewatch it. Inspiring!
I love Crypto and I’m ready to earn passive income in Crypto!