Bitcoin Forum

So I have .01 BTC and I want to use it to earn more. I have a good understanding of how bitcoin works. And I understand the basics like wallets, keys, encryption and the like. But when it comes to decoding the internet of investing "Machines" I'm at a loss. I found a really nice site that did mining contracts that was paying out well. (coinpeak.biz) Then the service disappeared off the face of the planet. So I was hoping you wonderful people could share tips, tricks, and things you have found that work well when investing and making bitcoin without mining.
Appreciate it.

Like scams in other investing fields, we see a lot of scams in crypto world as well. You will see in form of mining, trading, investing and ponzy scams. I think u invested in auroramines which was a ponzy scam. Never invest or give your bitcoin to anybody. 2ndly never ever in your life give your private keys of your wallets to anybody anywhere as we have many scam airdrops asking for private keys.
As for investment concerns, as newbie keep most of your investment in BTC. 2ndly never put all your eggs in one basket means do not put ur investment in one coin.
3rd make proper research on a coin before investment and do not listen to people and invest in solid project like top 100 coins on coinmarketcapital website.

I would Like to stick to Bitcoin and Litecoin at most. I do understand the need to keep my keys private. However, The .01 I have now comes from one year of simply working faucets and passive miners. Im looking for the next step. I dont intend to invest or buy into any other coins. But thanks. The year before last, i put .01 btc into a lifetime Genesis mining contract. It gives about $8 twice a month. And is helping me build a small pot of btc. XD But I want to get into more advanced means.

Investing in those kinds of sites are never a good option. If you wanted to invest, use fiat to buy certain cryptocurrencies that you think would rise in price in the future, or start a cryptocurrency-related business or website. That's pretty much it.

Mining contracts are crap. Thats for sure.

The 0.01 BTC is quite small amount for investing (just the transfer to invest site will costs you 1%  ;D)
If you really want to try minig then go bw.com or hashnest.com where you can buy the hashrate, but most importantly also sell it (but again your amount is too small).

My advice is try casino bankrolls and let your BTC growing (not a bad investment in combination with increasing price). You can leverage invested amount up to 10x but its risky and I do not recommend ( though 3x or 5x is quite safe). I have very good experience with crypto-games. (min. invest is 0.01 BTC so you need a little more to cover tx fee)
Feel free to find more details in my signature.

Alternatively you can lend them on exchanges like poloniex, bitfinex.

Your last option is to just  keep them in wallet as BTC istself is pretty nice investment :) (I bet you already notice that)

I have definitely noticed the simplicity in just keeping it :P
I have more then .01, but that's how much i want to start with in terms of investing. But i can for sure cover the fee.
When I send btc for some of the suggestions you made, is it okay to use low miners fees because it doesn't need to be extremely fast?

Yes it's ok. They will wait for tx confirmation (just takes more time to credit funds to your account).
Blockchain is pretty full at the moment (40k unconf. tx so it might take long). Also be aware the extremely low fee can result in never confirmed transaction (returning funds to sending address).

Consider your 0.01BTC play money, use it to try several exchanges, and experiment. Especially the small exchanges have low or no minimum trade volumes.

Keep three things in mind:
1. Whales love playing pump&dump games, it's great to get money from unexperienced traders. In the end you have less, and they have more.
2. Every transaction costs money: sending money to and withdrawing from the exchange costs fees, and trading takes a percentage. The more active you trade, the more you pay. Simply holding doesn't cost anything.
3. You need luck. The first half of this year altcoins went up many fold. It's easy to earn money when that happenes, but no guarantee it will continue. Since then, many alts have dropped 80% or more.

One more option u can follow is to get airdrops. For this we have many accounts which post recent airdrops on daily basis which new coins offers to people for free. You can make handsome amount of money by getting these airdrops. Simply make twitter account and follow airdrop accounts.

I would put this BTC on wallet and observe market. It seems that price will go futher up. We all want invest small amounts and expect high gains... Personally I'll put this in wallet and buy more when I can afford.

Welcome on board. I offer you trade with bitcoin to altcoins. First of all use coinmarketcap to analyse coin's project, total supply and project team is very important. In addition that; don't forget to use stop loss, otherwise you may lose all your budget. Good luck

Don't ever invest your hard earned money in any Ponzi scheme sites because it is worst than gambling.

Sorry for your loss mate since this is really a common thing for newbies who do fall out for these kind of scam Ponzi cloud mining sites.You did able to decide to put up on the site because you are being deceived on the good payout and now you do end up on getting scammed.I can say such thing because I did experience such thing when I was still a newbie wayback before.For now you did already learned a lesson. Don't be greedy since all earnings on bitcoin does really need effort and hardwork.Theres no easy money on here. Trading would be suited on that kind of capital but yet it wont really be an easy stuff.

You can still make it grow. Try trading. Trading is the best way to make you btc grow. But this needs to be studied first in able to make passive income. Don't ever invest at any HYIP sites including cloudmining. Consider them as scams. You can also use it as a capital for lending service. But i think it's too small for capital. Trading is worth a try. Just find a good trading platform and find a good altcoins which has a potential to grow in the future. Altcoins are bleeding right now. It's a good opportunity because they are cheap. After Bitcoin hardfork. The volume is going to altcoins as traders will aim for cheaper altcoins. So buy now while they are cheap.

This lesson should be serve as reminder to anyone who try to invest on to good to be true offers out there, And this should think that there's no way that they can earn by doing nothing so that they could define that program who offers that are scam. And maybe it's ideal for the OP or to anybody to expand his knowledge and learn more things on how to earn decently by not spending any cents since on this furom we can actually earn more and if we want to earn more money then we should go on the altcoin trades since this is the most convenient way to get some profits beneath on online platforms.

Heh, I would love to see trader who can say his trading income is "pasive".
This is not how it works. You need to be pretty active, watch recent market movements, do TA's etc. (yes, there is plenty of tools & bots but these needs to be watched as well - once you let them running alone you might be very surprised by the result).

With the rest I agree.

Even you have technical knowledge about bitcoin you just did fell on a cloud mining scams. Those mining contracts that you have found are just nothing but a false promise coming from those scammers. If you are just going to hold that 0.01 BTC it's already an investment and you just have to wait for the value of bitcoin to increase and cash it out after. And when you cash it out, wait for the dip and buy bitcoin again at lower rate but if you don't that type of trading, you can buy alt coins at any legit exchange.

You can go with the traditional trading. Normally buying of alts and selling them off when you've got some gains. You've been fooled by that website, it's their modus operandi that after raking some investors and collected enough money from the investments they'll forget about you and will just close their website without notifying their investors. You can still recover with that loss, you can buy some alt coin now as they are bleeding this week because of bitcoin's pump.

Though the amount you are having is actually very small for investments as it wont generate good enough profits for you, trading can still do the trick for you if you are lucky, of course. There are a lot of altcoins which grow more than 20-30% everyday and people generate profits by buying them at low prices and selling them back at higher prices. You can do the same, but it all depends on luck most of the times, because the coins people invest on also drop their price very soon and this causes loss to everyone invested in it. Now, you should do some googling, read the market and see the statistics of coins before investing. I wont suggest you any coin as i'm not a good trader myself.

The best thing to trade between currencies. Buy OMG these days and when you get good rate, sell it for ltc and so on..  Mining things are too outdated these days

It's actually 10% since a normal transaction fee is 0.001 BTC  ;D ;D Yes, I would agree that there are too many scams in crypto as well.
There are scams in mining, investment, HYIP, Altcoins(see the shitcoins in Yobit), ICOs and there are scams in faucets too. So you better be careful while investing the amount. Indeed 0.01 btc is a small amount and you must know that whereve you invest the amount, it will only generate a small amount of profit. If I were to invest the amount, I would have done it in trading, yobit investbox or Bitconnect(although the amount is less for it).

OMG is currently low now and it's -9.6% down at bittrex. I don't have to check other exchange on this moment but for sure all of them has red percentage.

And as for the OP that 0.01 BTC now converting to the price of bitcoin that's quite low for big traders but for starting traders, that's totally a lot of money.

It's just a lesson learned for you and it all happened to most of the people here that invested to those scams and later on regret it as we are not aware of their scamming tactic.

Stay away from those kind of sites because they are going to scam you dude. We've been there, done that.

As far as generating income, the best way is through trading. Although your .01 BTC is small, but for starters like you its already a good amount to start. you can go places in altcoin trading. But you have to choose what's coin you are going to invest. You need to research and used your common sense here. I can't tell you which coins to invest because we really don't want to spoon feed you, we want to you learn it by yourself and as you journey, you will gained a lot of experience making you a successful trader. Just stay positive and don't be affected or too emotional in trading because you may likely make a not so good decision that will wipe out your investment and profit.

The amount is not very large in the framework of large-scale investments. I suggest you trade with bitcoin to altcoins
Analyze the project with alts, look at the stages of execution, the overall situation, the team of performers.

0.01 bitcoin is a little small to think about investing it although with the price rise, the value of your bitcoin is rising fast.
if you want my advice I say start trading altcoins. that is what I did anyways. looking at all the different ways of investment and all these "promises" of profit I found out that most of them are either scam or not worth it. there are very small number of them that actually are worth considering as an investment and those give very small amount of profit.

that leaves us with trading. and trading is not an easy job to do. but it is possible to learn it and figure out how the altcoin market works in order to make a decent amount of money each week. and finally to turn your 0.01 into 1 bitcoin. start doing it with small amount and try to watch the market and look at the charts a lot, you will learn eventually.

buy bitcoin and hold, while you learn how the game works. after some time you can search for additional investment opportunities

That 0.01 BTC you have lost on that coinpeak.biz is not that high but I know if you worked hard for that money and you did invest to bitcoin, that's something unacceptable when someone ran with your money. How did you invested with that scam? Did someone used sweet words just for you to invest with him? If someone will try to convince you with this type of investment again don't believe them then. There are no tricks on crypto investment, you must be fully equipped with knowledge and understanding. You have to invest with that using your time.

If you want to invest your bitcoin safely. You need to research and find a trusted mining company. you must be fully equipped with knowledge and understanding about investing before you start an investment. Because when it comes to cloud mining, there's only few mining company that are trustworthy. You need to choose wisely for it.

This is a good advice but he has no money. He has only 0.01BTC for investment, it is a small amount to earn more benefits. Low value altcoin is a good choice for the moment.

Do you think those legit/trusted company can give him the roi he desired? I think not and much better for him to join and ride the growing numbers of holders for btc since this days are the best and most speculative days for all the btc supporters. And I wouldn't choose the cloudmining option since there are more site that are much better from that scheme.

Never heard of that website and it does seem scammy to me. I d go with DMD Diamond, have been holder for over 4 years and it has brought me nothing but profits. As you can see, I ve been into crypto for a long time and tend to avoid sites without STRONG and long lasting reputation.

Now will be the best time to invest in altcoins since the fork is near and the price of altcoins have reached the bottom.
The 0.01 btc you have, although is a small amount might give you good return if invested in altcoins. People will be investing in altcoins after the fork and this might be an opportunity for you to get good returns on your investment. Invest in promising coins such as ETH, NEO etc..

My suggestion is to hold the coins in your wallet if you are not that familiar with trading. Holding the coins in your wallet itself is like a long term investment.  Definitely its price will rise after fork. So that time you will get the profit. If you are good in trading, then you can try that also. If you are not familiar with it, then observe it for a week or do a thorough study about it before entering into trading. Otherwise you will loose all your money.

BTC).01 from a year savings out of faucets? I don't know about passive miners ;D maybe it refers to genesis mining.
It's a long time to achieve 0.01 obviously, but you've invest in genesis mining which gives $16 in a month, right?
You've been in cryptocurrency world over a year but,,,
If you want to invest, visit https://icerockmining.io/ as they have plan to buy back or you may decide to get mining contract for 2 years.
But, if you want to make bitcoin without mining, you can earn it through signature campaign in this forum, all you need is more research.

Why you suggest them to invest on cloud mining? All cloud mining websites at the end going in scam.

0.01btc is very low amount for anything serious. But whatever you decide deposit your money only on trusted service. There on forum you can find information about all of crypto service. If not, stay away from there.
Now is hard situation for altcoin. Think to exchange your btc for right altcoin and then you need to wait maybe two weeks. You can earn +0.01btc on this time.
Research forum, you will find answer

Your amount of capital is too low to get good amount of profit even keep it for long period of time it only generate small profit. You must try to gamble and test your luck because it has a possibility to make you rich regardless the amount of your capital if you are too lucky but it is a very risky method and most of the users are lose it capital. Goodluck mate hoping that you can make good profit in your proposed capital.

Don't buy all the gigs and concepts posted by the guys with negative trust ratings here because they suffered that kind of trust rating because they've done something wrong. Also in investing never give any specific details about yourself to someone who is not familiar here. In investing try to focus on popular and those being endorsed by guys popular here do some research first before you buy and sell your coins to some ICO or someone.

DMD Diamond seems to be a great choice to me as well. A very honest team and great community. I have been a holder and stake coins for a few years, have been very happy until now. I suggest you visit their website and request Slack invite to their channel. You can get all info there.

some mining is good but its not recommended because its so risky and not sure if the site will turn to scam.There's a lot of job here that you can earn with no invest but first you need to read a lot here in forum.You can join in some open campaign to earn but you need a lot of knowledge because you need to do constructive post in that

Nothing is small to start investing. Now he got 0.01BTC but slowly he can increase that amount.