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Ask HN: Passive income ideas?

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Re: Ask HN: Passive income ideas?

#41

Post by kseistrup »

CPAhem wrote: post #34
Sealy wrote: post #25

I made a lot of passive income by coding trading bots for bitcoin. Its a steep learning curve but if you are willing to learn, it can be very profitable. Like you, I can code confidently so during my morning commute I would read books about trading and economics. In the evening I would play with bits of code interfacing with broker API's. Within 3 months I had a working bot that automatically traded away as I slept a…

What did your bitcoin bots trade?

Bitcoin and another currency (presumably dollars, as BTCUSD has the highest liquidity). Buy when bitcoin exchange rate is low'ish, sell when it's high'ish, reap the margin.

Re: Ask HN: Passive income ideas?

#42

Post by martinkallstrom »

Here is a problem that I would pay a subscription for a great solution to: Cron as a service.

Sometimes when you set up a simple codestack on Heroku or Parse or similar, it would be great to be able to specify a web hook that should be called repeatedly just to run maintenance code, summarize scores, clean up logs etc. If you have root access you can set up cron but this is not always the case, and I think it would be possible to build a SaaS that people feel is easier to use and more flexible than cron. I would easily pay a few dollars a month for a simple reliable cron service. Reliability is key, your service needs to never ever fail.

Re: Ask HN: Passive income ideas?

#43

Post by greghinch »

contingencies wrote: post #5

Work someplace. Live frugally. Don't spend the money. Leave it in term deposits or other low risk, relatively high yield (ie. at least above inflation) locations. Rinse and repeat. (Recently, I heard that Vietnam offers solid rates on term deposits in foreign currencies.)

Having spent some time in Vietnam, and spoken with residents (expats and natives), I would not invest my money there. Or most SEA countries. Too many tales of foreigners getting screwed with little to no recourse.

Re: Ask HN: Passive income ideas?

#45

Post by davidmat »

martinkallstrom wrote: post #42

Here is a problem that I would pay a subscription for a great solution to: Cron as a service. Sometimes when you set up a simple codestack on Heroku or Parse or similar, it would be great to be able to specify a web hook that should be called repeatedly just to run maintenance code, summarize scores, clean up logs etc. If you have root access you can set up cron but this is not always the case, and I think it would b…

http://webcron.org/ does this

Re: Ask HN: Passive income ideas?

#46

Post by jbrooksuk »

I've also been thinking of the exact same thing myself, something which will generate enough profit to pay off bills, buy something nice and invest a little in growing the idea.

Recently I've been working on https://www.emlipo.com which was scrutinized by HN for essentially being "little code nobody would pay for". So I've not really wanted to work on that now.

Still, there will be something out there I'm sure.

By the way, the demo is currently offline. I'm currently at work, but shall try to get it back on.

Re: Ask HN: Passive income ideas?

#48

Post by rk0567 »

Write an ebook on something you're passionate about (it would be better if it solves a problem, in a niche) and self publish it online, use gumroad or something to handling payments and delivery!

Re: Ask HN: Passive income ideas?

#49

Post by WalterBright »

Cut your spending so you have a few hundred extra per month. Invest it in SPY (an index stock for the S&P 500). Over time, you'll build up passive income.

One reasonable way to cut spending is to sell your car if you have financed it, and buy a car you can afford to pay cash for. Financing is a huge drain on your cash.

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