Bitcoin Forum

Which better to start on bitcoin.

1. mining
2.trading on stock market/binary
3.faucet
4.investment
5.stock on your own sell on your own after.

I was searching and searching looking for any better ways to start and until now i don't have any firm answer where i gonna start . i really appreciate any suggestion from you guys. tia

mining is the best one still even after the recent big dump on all the altcoin, there is too much profit to be made it's not even funny anymore

to give you an idea a single gpu is doing $200 a month, which is crazy, other option you mentioned are either dangerous like trading or not profitable and a waste of time like with faucets

Excellent thank you. I will noted that on my list.
Yes you right let me think about this hopefully i can decide for facts.

thanks again =)

1. Bitcoin mining need huge funds, industrial scale investment. If you have enough capital, then go ahead.
2. Better to learn trading on this forum, trade bitcoin-cash or bitcoin-altcoins
3. Faucet only suitable for newbies to get few satoshi
4. Invest on what project? the answer depend on what kind of investment?
5. Stock bitcoin? yes, it is a good way to start if you have enough money to purchase bitcoin at current price,
    wait for a while and you will see your money growing.
My first experience here was started from signature campaign which no need capital to get bitcoin, just read and learn a lot from others.
For your reference http://immutable.today/10-mistakes-bitcoin-newbies/

I wonder what cards would still be able to produce such a profit for a month? As far as I know the RX 470 from AMD are the ones that are very efficient in mining. For people who cannot afford such hardware, it cannot be a viable option since you would also need a big capital to get your operation working, but I agree that it is still one of the best methods out there aside from buying low and selling high.

Mining requires huge investment and maintenance. Lot of hassles to go through. Trading is something a newbie shouldn't do right now. He needs to know how the market works and more about the coins before he can start trading. Faucets are just waste of time. You could do something more better than earning from faucets. Faucets just give you few cents to play with. Not worth in my opinion. You would rather join signature campaigns here than clicking through faucets. Investing, depends on what you are investing on. Try casino investments. You will make profit in the long run. Stocking bitcoins is a good choice.
But remember everything has a risk. You have to risk it to make a good fortune.

Wow great! I like this detailed answer will help me alot  so thank you.

I check the link you provide i will read on that too maybe later tonight @error08

I will choose to trade. Because by trading we can generate many advantages, benefits are not limited. While other ways in my opinion will not be able to bring in a lot of money. In the trading world when we can take the right opportunity then we can get great results too.

I think to be able to determine your options yourself. Because only yourself who understand how the needs and desires of you, for all the work will certainly be advantages and disadvantages. And to see a profit, in fact you just look of the advantages and disadvantages that exist within each of the above options you mentioned. So when it is sure you will know and understand what you need and want
 

i agree with Amph and say mining is the best option but only if you are not a trader and also have a rather cheap electricity and want to be running your computer for long hours. it still takes an investment but if you can find good altcoins to mine and they get pumped, you can make a nice amount of profit as long as you keep your costs to a minimum.

and obviously the other best option is trading, but you have to be good at it and know how to make it profitable. it is not just simply buying low and selling high as they keep saying ;)

I will suggest you to exclude the term mining from your list , because the cost for the electricity is much , so it is not easy for us that we can profit with the mining .
Now after at this , I suggest you to do all things , I means  trading , faucet , investment ( long term in altcoin and short term ICO ) , And day trading , which is profitable in terms of the Bitcoin ( loss may be due to fiat price for the per Bitcoin ) .
If you will follow all these steps then you will make earning smoothly without any much problem .
Here I myself making trading , faucet and signature campaign and making a decent amount of profit .

I don`t understand "stock on your own sell on your own after".What do you mean?
Anyway,mining is the easiest way to start,but you need to buy mining hardware.

trading is the best, no profits in mining unless you have crazy capital.. faucets lol, unless you want to stay poor

I think the first thing for beginners is mining to be the best way, there are many advantages.
If the other is quite dangerous, such as trading is only a waste of time, but if you want to try it please try just friends.  :)

Before doing anything I suggest you start with faucets so that you can be familiar with how the bitcoin transactions are made in small volumes Next is investment, invest your money in bitcoins by converting your money to bitcoins then store it for a long period so that you can earn big. While waiting for increase in bitcoins value try using your income in trading so that you can be familiarize with everything and will have basic knowledge before you start with big amounts.

I don't think so, bitcoin mining need huge funds ( capital ) that's why i will not suggest to mining, like in my country the cost of electricity is so high its better to do fauceting than mining in my country but it's wasting of time you will collect a small amount of bitcoin. I suggest to you to master the trading it's risky but if you master the trading it's surely to earn profit.

Aquire and HODL.

All of these methods can help you get bitcoin, except for faucets. The faucets give us a very small bitcoin amount, we just waste time with it. For me, trading on the trading platform is the best form to earn bitcoin, and of course, it depends on your ability.

Lots of strategies that we can do to earn profits. Among the many investment processes out there, I choose trading altcoin and also holding as the best strategy. My best choice strategy fits my expertise. If someone has an advantage of course we must use it as well as possible. That's the greatest way to do a bitcoin world strategy. Do it according to our skills and abilities.

The information you give, you seem to be a real business person, as far as I know, the altcoins often change the value very quickly, how can you make accurate judgments?

Before participating in the ICO of any project, you need to find out information about it thoroughly, only projects organized by real organizations are safe for us to invest, They must have their own operating base, and regularly disclose information to everyone.

I will go for number 2, it is not stock market or binary because you can trade either bitcoin and altcoin (which is better) and because of that you can earn good amount of bitcoins from just your start. If you already made a few money or bitcoins in trading then you can do other types of choices like mining altcoins and investing in ICO or any kind of profitable investment.

Due to limitations in hardware and knowledge in mining, I could never take the advantage of it but still I believe it was the best way to acquire bitcoins but since the situation has change drastically in past few years, bitcoin mining is a serious business now and mining it on our regular computer is out of the picture. Now, I see trading and offering services in exchange of bitcoin is the best way to acquire bitcoins. You can also buy it but it is not something that I would call actual earning (unless you have earned fiat specifically for buying bitcoins).

If i were you, before you start something on bitcoin devote yourself first on gaining knowledge, you need to explore and explore bitcoin is like a business if you know the basic even if you fall or deceive by others you'll gonna bounce back just always Devote yourself on Learning

I agree with you that the business brings a lot of profits, but it will also be risky when you have not really understood and don't have a reasonable business strategy. Other ways will also bring the substantial profit if you make good use of the opportunity and make effort.

1. mining
It's suitable for people who have experience and knowledge and also, some money to get started.
2.trading on stock market/binary
So likely to the first one
3.faucet
Suitable for newbie, very newbie.
4.investment
If only you accept risk and have money to get started
5.stock on your own sell on your own after.
suitable for everyone who has their sight on bussiness.

Seem all suggestion are Excellent! I will keep that in mind guys... yes Correct faucet take to much time and getting small amount btc provably i will removed that on my list...thanks a lots things to search and to be  learn about btc. will do that.. once again thank you. i love reading on your comment all.

I dont think so because in my own experience. In trading I lost many of bitcoin that i saved for a long time. But i do believe that if you are lucky here you can get a high profit. maybe in not that lucky like you.

if you have a lot of money to buy the tool maybe mining is good to pick, with a little help from someone or your friend that already experienced with it,  but it not means that join in site that always called them mining site because that is only Ponzi scheme and they will only steal your money so you better avoid it

why you even put faucet on the list , probably worst way to earn btc even though is good start for newbies . in my opinion dump it on alts would be better investment with long term condition , invest on most successful coin ICO ,  also gambling is a good option if you have fortune  ;D  , if you prefer mining option better build your own rig  and go dual mining would be good idea tho , but dont forget to manage  your electricity bills  ;D

Exactly its still depends on you on where you are more knowledgeable. If you think that you can get a profit and you dont know how it work then do not try it. You are just going to waste your money if you push yourself on the thing that you didn't know. In those option about find and choose that you think that you want and when you are sure that you can get a profit from it.  

You are just starting so mining is not the best thing to do. You have to build at least some good knowledge what it is all about. Don't just listed to others about that and start learning. It's profitable no doubt about that but for a starter and they will do mining as a method to start earning bitcoin is not a wise thing to do.

Forget faucet too as it was not worth it of your time unlike in the past. There are also few faucets around today which can't even you a 100,000k satoshis a week.

I suggest to put up some time to learn about trading. Needs time to learned but I will assure it's worth it. Focus first on BTC/USD traders then after gaining some knowledge about it step up and began learning altcoin trades. Time consuming to learned all of it but it's worth it.

I'm having a clear ideas for those suggestion you been told guys. generally all about trading and mining... well thank you I need to focus on that two option make a data ,,, learn learn search  search and gain more knowledge. hopefully be successful one day. =)

Working for bitcoins/buying bitcoins is the best way if you have some skills like coding, marketing, design, web development, etc. You can also get a lot of profit by trading altcoins, if you are good with it, if not better stay away cause you might lose your money. Also remember to save your bitcoins and don't spend them on any unnecessary stuff, or you will find yourself regretting later.

I do like your idea but I think that it will only suit to you if you are living in low-quality country. In some developed countries, I think that it will be easier to earn a lot of money from a real life job. just think about that

In poor countries it is very difficult to earn a living. Earnings are hard enough for food and payment of payments. And so bikotkot helps people to survive. They can not just buy coins. They are forced to earn them

The best way to make bitcoin of all is through trading indeedly. However, it's not on stock market but in altcoins as we can see that altcoins is hype thus it's great opportunity to take advantage in the market.

If you're talking about the current state of bitcoin then it might be difficult to get a good job that would match a wage in a developed country, although there are exceptions. Some people are educating companies on bitcoin use for good money, some started their own companies in different areas like mining, supplying mining equipment, online casinos, that are bringing millions of USD in profit each year.
I'm sure it will be much easier to find a job paid in bitcoin in the near future.

Faucet is something you can eliminate from the list.

If you have very cheap electricity, and if you live not that far from the mining equipment suppliers, mining can be a good investment. Otherwise, it would only be worth it if you build your own chips.

Trading can also be a good investment, as long as you have time to learn, and money to invest.

Trading is not investment, it's making money for taking adavantage in the market's flow. I think you are more lilely to pertain long term investment.

You're right. They are very different things.

If option five * stock on your own sell on your own after * means buying bitcoin now and holding for a long time to make a profit. I'd say it is the best strategy for now. Mining is profitable too if you are looking for a major investment, small scale mining is expensive and not as profitable and may be not worth the stress. But on a big scale with affordable power, it's a sure thing.

You can surely mine for bitcoin if your place or you are certainly qualified in doing it but for now it is very difficult in finding blocks so high that it could take over three years to generate any coins. While you could simply set a machine aside and have it run the algorithms endlessly, the energy cost and equipment deprecation will eventually cost more than the actual bitcoins are worth. well if it not worth the cost for you then take a jump and experience it,

Mining ether is now on trend, I watch many video posted on social media campaign regarding ether mining and how profitable it was, Maybe mining is still profitable even in small scale of mining if we can mine the right coin which is easy to mine as of now and have a potential to price pump on the future just like what happened on XMR and ETH.

For me the way to earn is do trading and freelancing that will pay you in bitcoin, in that way you can generate lots of bitcoin just remember no easy way to earn money put some effort and time to earn money in bitcoin.

If you choose trading, then I think you are correct. This is best bitcoin strategy for me. You can multiple your bitcoin if you just follow the saying that "buy low, sell high". But it is easier said than done. Others have months and months of trading in their sleeves to be fully called professional traders and earning at least close to 1 full btc a moth. So for me trading is the best strategy to accumulate bitcoin.

Trading is the best off all to earn a good profit here. Mining requires more work and somehow complicated than trading, faucets are more time taking and earning is low. But to start trading first you should have to understand the market and should have knowledge about the coins you are going to invest in.

I will suggest both trading and mining but with the mining- it should be Altcoins like monero or ethereum and then you sell them for bitcoins as mining bitcoins straight away is not advisable because of the ever increasing difficulty rate. With regards to the trading I will suggest you understand the fundamentals of financial investment and get some real time training on trading Forex and stocks before you ever commit your bitcoins.

I agree with you that trade can be very profitable. But there is an important factor - you need to spend all your free time on trade. In addition, you often need to work at night and have constant access to the exchange. Not everyone has this opportunity

I first entered crypto world by the altcoin door by investing during ICOs but it's a risky way because a lot of projects are still scams.

If you research first and diversify your wallet it can be a good investment as it gives the opportunity to have cheap coins/tokens easily and for the moment with all the cash coming in crypto the return on investment can be huge. 

But as always, be careful and never invest more than you can afford to loose.

If you are able to spend time researching about the project and learning about their prospect ,then you could find good ICO's every now and then and i think it is the best way to make money in this market rather than wasting your time trading with all the coins sitting at an all time high valuations,if your investments are crisp then i think it is much safer than trading .