Bitcoin Forum

Whats the Best bang for buck way to profit with bit coin?
 ;D

Proof of stake coins. I ve made a lot of money with staking, equality profitable as mining, much safer and much simpler.

Buy bitcoin.

Wait for the exchange rate to increase to $1,000,000 per bitcoin.

Sounds like a good plan, right?

At this moment nothing but buying coins, sticking them to the cold storage and hope for a huge increase in price in the future. If this suits you then you should do it. Next to that it's worth checking some alts and getting some of these coins as well, if they seem promising to you, just in case.

Everything else is a nearly sure failure. Investing in Bitcoin space, be careful, too many scam companies out there. Trading alts, the same, alts are in complete depression. Mining is done for average user. So on, and so on!

Nope, no one in the history have gotten rich off that advice in the history of bitcoin. Its hard to predict value of bitcoin in the future. If it was so easy to predict everyone would be a millionaire.

How have you achieved this? Have any post explaining it a bit more?

Thanks

I dont think that applies for bitcoin. He is talking about altcoins where you can hold on to the coins and the algorithm is POS(Proof of Stake) which sort of generates interest on the amount you are holding and grows it slowly.

Trading is the best way of earning profit with bitcoins. Buying at a low price and selling at a higher price while even you can choose to lend bitcoins and earn 10% profit within a week. They are the safest ways which aren't too much risky while gambling, HYIPs are a way which involve a high risk.

Fixed that for you.  ;D

All you need is some patience and optimism.

Perhaps it will take 1 year, perhaps it will take 10 years, perhaps it will take 30 years.  Perhaps it will never happen, but right now, it's probably the least risky and greatest "bang for the buck" option you have.

Thanks I know about of staking, and have tried it in the past ... but could not see much return of it (you need to have lots of coins, wait a lot of days, and meanwhile many coins lose value). I know it is kinda offtopic, but wanted to know his strategy (coins used, when does he trade them etc.).

Not a popular opinion perhaps, but i would say that giving out smart loans and operating as an currency exchanger here on forum can do you well
in terms of increasing your stash. If i had some significant amount of bitcoins available, i would do just that, and keep my profits in bitcoin, until the
exchange rate reaches some "too good to be true" figure in a hype, then i would sell and wait for a correction; after that rinse and repeat from start.
Seams like a good plan imho

Although this can be risky, this is a good way. if you want to reduce the risk try P2P lend sites like bitbond or btcjam. bitfinex is alot safer but yields much lower profits

Participate in Faucets and Signature Campaign to earn Bitcoin without investment.

Well, if you ask me whether you can invest 0.1 BTC and make 100 BTC out of it, NO, you cannot. I m simply saying staking s growing in popularity and most of good stake coins provide 50% and higher interest rates per year. Where else can you get that? Mining and trading are big time risk and I highly doubt they can bring you that kind of return unless you are a pro trader. Before somebody askes the inflation question, yes, I am well aware of it and I only invest into coins with great inflation control mechanisms. I personally like DMD Diamond, a few weeks ago, a very old investor who purchased his DMD Diamond coins 2 years ago decided to cash out. He sold over 100 BTC worth of his coins, most of which he received from staking. 100 BTC worth of DMD sold in 2-3 days!! So don't tell me it s not possible to make money on PoS. If u don't believe me, go have a look DMD Diamond trading data over the last 3 weeks.

Simply buying and holding is not an option for me. Cause if we all buy and hold, how s BTC and crypto going to grow?

but it's the easiest plan you can have right now, especially with everything else falling like a rock

and early adopters were rich exactly because of this, it's only matter to repeat the process with bigger number, nothing unsustainable

try lending your btc to others in the lending section but be careful

Many in here got a lot of profit from trading. Have you ever tried them? Also the buying of bitcoins at a low price and waiting for its price to boom up before you sell it is a good plan. I've been doing tjatsince I've started with bitcoin :D

Lending is not really a good option. You can loose or profit from it. 50/50. Even if there is an escrow you still don't know if you will loose your coins.

Go to a dice site, use money from faucet, bet all and win, do this 20-30 times in a row, then withdraw. Good luck, you'll need it :D


Now for real: I think that one of the best businesses is to have a mining pool where you can add all types of coins to be mined.
It needs investment, skill and dedication, but it's a good business where some can earn nice money - bitcoin and altcoins too.

^^^This.
It doesn't matter how much or little you make at first.
You have invested zero money and just a little of your time!

Since i am new to this How Proof of stake and HYIPs work best???

Believe me, faucets are not worth the time you invest.
You can mow your neighbor's lawn and convert the money into bitcoins. That is preferable to faucets.

Trading. If you know what are doing. You can bet currency against cryptos or even crypto against crypto. Win fast or even lose fast depends on your strategy.

the only option that i have liked so far is trading altcoins.
it is risky but with this risk sometimes comes a great reward. since the market is huge and there is a lot of different altcoins and a new one is created every day , you have infinite options (not all of them good though).

POS coins but with no instamine , POW mixing or other crap.

Also POS should be solid and innovative not some junk coin with funny names/ immature developers.

Find a product you are passionate about, open an online shop and sell for bitcoin. Your profit margin means you are buying bitcoin at a discount. Ignore the hype about altcoins and staking, stick with bitcoin. All cryptocurrency carries some risk, you keep that to a minimum by owning bitcoin only.

If you have to scratch the itch to mine bitcoin wait until S7 hashpower is publicly traded on Hashnest in about a month. When you buy at Hashnest you can always sell on the internal market. And avoid scams like scrypt.cc etc. If an investment has an affiliate program be very careful, the majority of those are scams.