Bitcoin Forum

There are several ways to reinvest crypto to earn more crypto. Here are some examples:
Breeding: cryptokitties, fishbank, etc.
Resale: openbazaar, landhodler, etc.
Gambling: bitstars, mbit, betcoin and others.

Has anyone had experience with these sites? Are there other examples of reinvestment?

How can you define gambling as a way of investment? I think it is just a way of entertaining yourself and you will eventually lose your money because the house always wins. Maybe this will push you to lose more funds if you try to recover your initial "Investment".

Breeding is a game that I can think what is going to happen if everyone will stop playing and "investing" in it. Resale could be the only legit way. If I were to choose between these 3 I would go for the Resale option.

if there is a product that can be purchased with crypto, it doesn't matter to have crypto investment without having to withdraw to fiat. because the purpose of our investment is to get profit and be used to buy a need.

I think you can do this in every exchange, especially if you just received it from the campaign or bounty you can reinvest it on your own without needing any third party to do that to you. Its good to revinvest the profit you get here so you can have more profit in the future, don’t get tired of investing keep on doing that and be patient.

It's not just that way to promulgate your cryptocurrency. Even without withdrawal to Fiat you can trade your coins to other coin to make it grow and gain profit. There are many trading sites to consider and gambling sites but I have never been into trading in that exchange sites you mentioned.

Investing on the gambling site is also possible,investing in gambling means people can invest on the gambling site's bankroll and they will get their returns when the house made profits overall.This may not give huge returns but definitely will be profitable for the people who are looking for practical returns from investment.

You could invest through Gambling - giving your coins to the 'bank' in sites like Yolodice and it's quite lucrative.
About the OP - everything written there is far away from any investment and usually the result is losing your coins.

No, I won't suggest anyone getting into these sites as these are gambling sites that has the potential of draining your pocket rather than help you in earning more. If one wants their investment to grow, they'd reinvest it in reasonable and safer ways e.g. trade or take your money on the pot for gambling sites, but not gambling directly on the said sites. One can also consider lending their crypto to other people, and of course a collateral is very much needed in case of a default.

I am not with a gambling site because it is not a good investment place, gambling is more risky and can lose everything.

For gambling you should add WAGERR which offers decentralised anonymous betting for top sporting events. Trading on crex24 with bets placed directly from the wagerr wallet

I think you should better understand the true meaning of investment and choose a place that is good or not for investment, and after I see you only promote a website that only makes people tempted to multiply money in a fast time. of course this is different from the meaning of the actual investment

With the volatility in cryptocurrency the only way to pull out profit is converting it to fiat currency which offers stability.
While every investment poses its own risks, gambling is not technically an investment venture, it's similar to throwing a dice and hoping on luck.
With investments there are tools which to make analysis.

I think that cryptokitties will soon become irrelevant. Such applications burn very brightly, but quickly burn out. Moreover, in the current situation in the crypto market, it is generally difficult to say that it can bring at least some income. Projects stop. Work on them just stops and they freeze. Of course, cryptokitties is a large project, but it seems to me that it has already lost its relevance and will not to earn on it. It is better then to consider the possibility of investing in masternodes. About gambling - no comments at all. This is generally not an investment.

Not every game of gambling can bring you a good profit since gambling is not a way of making a profit, especially long-term investment. You can't invest in any gambling since the number one main goal of gambling is to drain the bankroll of every gambler and still having fun at the same time. A real investment is that you see a potential in it in the future that will help you to succeed.

it is possible to invest to gambling, it is not literally investing that you need to gamble your money its means that you will put your money as investor to a gambling site, if you want to invest money then put it on gambling because it is also a good way to invest.

Gambling is never an option its just for entertainment and I don't know why there are really people who do think on this way. Gambling is on where you do
spend your leisure times and its completely different if you do aim for investment. Like trading or gambling bankroll investment which is less riskier but do give small amount of
profits overtime.

I already heard about cryptokitties before. For me it was like crypto games in telegram such as CarEth, Cash Zoobot, Dino Park game and others where you need to grow animals and their corresponding hashrate also increases as they grow bigger. You can also invest btc to get higher hashrate which means earning profits is faster. I played this before but until now I'm not sure whether these games are paying or not.
I'm a little bit confused. So are you saying that there are other ways of investing money to gambling sites except from the usual set up of bringing some money and try to push your luck in their games? How?

Exactly, like what bustadice's offers and other legit casino's for those who want to be part of their bankroll. It's for a long term investor who sees it positively but this type of investment doesn't suite those who lack of patience and is short term with investments.

Yes, what he said is correct. You can look for casino's who offers bankroll investment like bitvest since you are part of their campaign. They offer investment, you just need to understand the rules that they implement when it regards to the return/profit.

I just heard that, because all I have known to get more crypto currencies is to trade in a market, where we benefit from the difference in purchase prices and selling prices, but many people also call this investment, many people do this to get a profit in a short time and in large quantities, but not a few people who intend to take advantage instead suffer losses because they choose the wrong coin, the wrong time to enter and wrong market predictions

Ah I see. Thanks for the info, probably I will be interested on that if I found out that they accept even small amounts only because that's what I can afford only.

Staking ? I mean that is the best crypto reinvesment you can do with the crypto you have without withdrawing to fiat.

You can buy as much ethereum as you can right now and when the staking starts than you can continue making money with your crypto without ever going to fiat. I think staking is the best interest rate you can find considering your money will be making you money but at the same time your money will get higher in value as well when the bull comes.

Same logic applies to masternodes as well, you can buy dash masternode for cheap now (compared to last year) and with the masternode you have you can make a decent return while your money also gets higher in value.

I have tried all those gambler websites and invested into them, I have tried cryptokitties and whatever as well, the idea is great but execution lacks in those things. If the cryptokitties were scarce they could have been valuable but they are totally worthless since not enough people are interested in them.

Flipping cryptocurrencies is not new in the market but in some cases, if cryptocurrency is recognised in the jurisdiction of your area and if it is eligible for taxation then you have to pay taxes on the same even if you are not converting it into the fiat currency. This is normal in domestic investment flipping but while doing it in crypto attracts different treatment as per the laws of that country. There are some countries where crypto is not yet recognised so investors can do unlimited revisions to their crypto investment before cashing out into fiat currency and pay taxes on the gains on the final amount.

The best way to get more crypto is claiming airdrops and giveaways. Basically these were in the last years like faucets in 2011 and 2012. If you had BTC and ETH since 2017, you had a chance to claim literally dozens of different coins for free. 1BTC, worth a thousand dollars at a time, gave its holder free coins worth more than that, while at the same time rising in value. I always tell people who are trying to scalp a few dollars in trading that they fail to see the big picture. Even if they weren't doing anything and just spent 30 minutes a day checking and claiming upcoming airdrops, their profits would be much higher.

Reinvesting without withdrawal to fiat is the way that is usually done when they feel the market will crash or when a crash happen, usually they sell and buy switch to other coins from the sale. This method in my opinion is quite risky because we will not know how potential the coin is, and for gambling I'm sure not everyone will be willing to take greater risks when they are in a mess.

I dont have experience on site you mention. I am using reinvestment to others crypto but only on top 100 coinmarketcap. Selling coin that i think growing slow with good altcoin with good product like NEO, Wanchain or Ethereum. I am prefer holding popular coin with big liquidity

There's a whole board here for investing using Bitcoin: https://bitcointalk.org/index.php?board=78.0

I even had a positive experience there when I bought shares of some online game and sold them later at x10 higher price. However, that board is probably filled with scams and shady deals, since moderators don't remove potential scams. You should always keep in mind that everything crypto is plagued with scams because it's anonymous, unregulated and there's no chargebacks and intermediaries.

IMO casino investment is the safest method out of all the well-known methods. However, it's not hugely profitable compared to crypto gains, I've got somewhere around 8% per year on average. You decide if its worth the risk of trusting casino owners with your coins.

I am now feeling really wary of so-called gambling and investment sites right now. So many that enter this space either just want quick gains or are so desperate to make fast money because they have no other jobs or income, that in the end, they lose it all. I am getting sick of being scammed left, right and center, either by dodgy projects or shady websites and on top of that either getting spammed or hacked by this nasty person or another. It's about time this space really got cleaned up and we had some better things coming to create proper revenue for everyone and jobs so people can work and earn a decent living. I could live off of bounties before as well but now hardly earn enough for my internet cost.

Any investment is a gamble itself. We always don't know if that investment will give returns or just diminishing until nothing is left specially, cryptocurrency. Unlike any other investment that you have tangible papers you own and have value, cryptocurrencies on the other hand missing those things making it a gamble everytime you invest into it.

gambling is not considered a way of investing, it is just a way to make money based on your luck. In addition, gambling has never helped us become rich. Please remove it. About Breeding, I have no experience with it. To me, i will choose resale.

There are certain minimum investment that you can put depending on the casino that you're interested with. Just go to the casino's website that you are interested with and read all the terms.

You should be keen before investing because returns on bankroll investment isn't so quick, it's good for someone who has bigger view in the long term and understands on how the casino's earn and its investors.

There are many examples of reinvestment.I'll have to spend the whole day writing all the reinvestment examples.In this situation, do what you think is right for profit.Over the past 3 months, I personally reinvested in the XYO project.I am sure that this step on my part will be the right one.

Have you invested in cryptos that pay dividends? While ICO market in 2019 RIP it's a great opportunity IMO. Here is the list of the top paying cryptos in terms of dividend ROI https://cryptodividend.io (https://cryptodividend.io)

When calling gambling as an investment it seems wrong because profits are not proportional to the capital that comes out. And for crypto does not affect fiat when exchanged for other coins.

The word investment has a different meaning . whether you buy , lend money onto something , etc ... That can still be considered as investing and the profit that you get does not really matter . small or big as long as you earn something then thats not bad at all  .

Now , crypto investment without withdrawal to fiat can also be possible . you can opt and choose to convert your cryptos into some stable coins like usdt ( tether )  , so that you can secure the value if ever you feel uncomfortable in the situation .

i would consider holding development coins in binance is one of the best investment instead of trying all variety of investment in uncertain crypto investment may lose money

right, with usdt received on all existing exchanges, the value remains stable, because volatile is not like cryptocurrency, and I think it will be more efficient than we withdraw in fiat form, of course this is related to the amount of fees. I think it is an effective way where our money can be directly used for reinvestment

I am not interested in gambling, I have never done gambling in any field. this information may be useful for those involved in gambling.

 Absolutely yes, no need using Fiat money to reinvest you can use your existence crypto currency coins or token just  convert and invest it .

I guess you have missed staking. Staking is a great way of reinvesting crypto to earn more crypto. I do not understand why you haven't included trading while it is the most important way of reinvesting crypto.
Mining can also be treated as way of reinvestment to earn more crypto. Although we have to do a little bit of hard work here in maintaining the equipment but it is a good way of earning a variety of cryptocurrencies.

This are the best examples that you can use your crytpo to reinvest and allow such time to grow your holdings, while those which has been mentioned by OP are also considering factors where you can place your investment and wait as well.

From those that has been discuss, trading is the most common way that investors use to earned more crypto, if you'll going to investigate more and learned things deeper you'll gonna gain much decent profits.

Until now, I still haven't invested in such a platform because I prefer to look for investment places that have coins and much-needed platforms such as infrastructure platforms and others.

Cryptocurrency reinvestment without having to cash it out with faint money is real and we have seen several of them such as gambling and trading, all crypto coins can be traded for another without having to change it to faint money and investing in several trade method is the way out such on big exchange site.

you are very right and I agree with your opinion about that but it is for countries that have legalized crypto currency but in my country direct transactions with crypto currencies are prohibited by the government

Would you count GAS as well?

If you want to earn more crypto than the one you are holding then you do not really have any other option but to begin your career as a trader, traders can multiply the amount of coins they are holding in a relative short amount of time but it is not easy, the majority of traders fail and lose their money so before you try to do it take your time and try to find a way to make money in the markets before you trade, if you can do that then you will accomplish your goal of getting more crypto without using fiat in the process.

I've got your point there, Indeed, those given links above are risky to try. Earning more in crypto is not just an easy way, those trading and gambling are very risky you need to manage it well because some of them get lose and failure in that kind of business.
I didn't try that site, I much preferred on investing and holding my crypto assets and wait for the right time when bullish will happens.
Without withdrawing fiat currency is depends on how you control your self not to withdraw into fiat.

Holding and investing is risk free compared to that of gambling and trading. With trading you'll be earning big, but with holding a long term profiting is assured. Also the fund sits in the wallet without use. In between if used on trading this will contribute to the circulation as well earns a small earning upon the volume in wallet. For holding large funds were the one that can generate profit.

we should keep withdrawing crypto profits whenever possible or else we will be stuck in prices in the market complete reinvesting is nt adviseable

There is no need to use any of the options given by the OP, many are not real options, he says that gambling is a way to multiply your bitcoin and while that can be a possibility if you are lucky you cannot really depend on your luck when it comes to your financial future, it is way better to have a strategy that you know has a real chance of making you money over the long term instead of trying to get easy short term profits.

Each and every trader follow this trading plan. This will eliminate the unwanted withdrawal and deposit fee. Fiat currency conversion into trade surely requires the banking support. We don't know when the banking start to stand against cryptocurrency. So it is good to prefer reinvestment than currency withdrawal.

lol....gambling doesn't fit to be called an investment though it seems to be like investments for some people. It is one risky way to play with your money and you can just lose everything at a go.

I am never use that website. If i want to reinvest my bitcoin, i am prefer reinvest on good altcoin or property. Good altcoin with good product and big community can be profitable when market start recovery. Property is safest investment and i think we should diversify our investment in several instrument

I am never gambling and trying those website. Gambling makes lossing my coin and i think i will not gambling with my coin. Its very risk and i am better hold my coin rather than for gambling

keep adding ur capital onto btc and do it while waiting btc , i think that the good ways to survive in this red year while gaining profit

Passive income from the crypto currencies are possible without increasing the actual digits in the holdings because of the price volatility so simply holding the crypto currencies can act as your passive investment or you can invest it on gambling or trading to make more money but the chances of risk are more than simply holding.

But what if the bull never comes and you die in the claws of the bear? Personally, I don't think that passive investment (like what FreeBitco.in offers) will make you more than a few percent yearly, and staking won't be an exception here (read, it won't make you rich unless you are already rich). In other words, you will likely lose more in fiat terms if the market goes against you than you will be able to earn in the cryptocurrency if it turns in your favor. If anything, earning something like 10-12% yearly at Bitfinex by lending dollars seems a better option overall and less risky one, especially in a downtrend market

How much do you have to pay for a dash masternode in dollars as of now?

Do you consider gambling an investment? In our reality, this is just a way to lose your money. After all, you will not be allowed to win, because it will be at a loss to them.

Gambling isn't a viable form of investment,but we do not always lose money through it,its also possible to earn via gambling,it just happens to a risky form

I wouldn't also in any way advice anyone to engage in gambling,rather it's best to trade effectively in the cryptocurrency market

Well i wouldn't consider gambling a type of investment because it is not a sure way of making a profit, but as far as reinvesting crypto to earn more the sky is the limit the crypto market has become more or less the same as the fiat one, you can buy and sell anything using crypto these days, for example you can buy a product using bitcoin and later resell it for a higher price, or you can use some of your crypto earning to buy tokens through ICO projects that might be quite successful in the future, and as i said any thing that you can think of doing using fiat can be done with crypto these days, you just have to bring a need or a innovative thing to the market to be able to make profit from.

I think he meant investment in bankroll and not in actually gambling which includes playing casino games.
OP and others too. Now possibilities are even wider. I want to remind you one information which possibly 90% of you don't know: Ohio accepts tax in bitcoin. So now this possibly means you can fully run your business without touching fiat because as it was mentioned you can buy almost everything online with crypto, pay bills with crypto and some employees are happy to receive crypto too.

The fact that staking and masternodes are not the main discussion is a wonder. The most common and easy way of making money with money is interest and the interest we have in crypto is the masternodes and stakes. For example, ethereum is said to be turning into PoS from the current PoW which actually increased the price a lot for a while but the hard fork got cancelled but hopefully it will return soon. That type of making money with money exists in crypto as well and I actually really love it and prefer it over the miners.

Miners need to get equipment which costs a lot of money and then when something happens they are left with those products however when staking you have a lot of a coin but you can stake it as much as you want and then sell it whenever you want without any problem.

I agree. Also, I think that's what most people do who's in the market right now. I think there's a high percentage of cryptocurrency users that have started through ICOs and other investments that don't need too much capital to shed off. Instead, there present investments are from the older ones where they gained from value coins, and now, they are basically harvesting the seeds that they have planted. I think that's the difference with this market with other similar ones; the fact that you can start investing without really having to shed out money is something different.

Never interesting on gambling. Gambling is not an investment because its just speculation based on luck. Investment based on our analysis and its for long term gain. I am agree, real investment is potential we can see in the future

Never put that in your mind gambling is a kind of investment if all you want is to gamble. But investing in bankroll in a gambling site is good but as what you have said based on analysis and digging research is a must, the risk was always there. Crypto reinvestment without withdrawing to fiat is very easy but sometime you can't hold your temper especially if you badly need money.

Personally, I don't see much sense in earning a few %% yearly in this way

Especially when you can easily lose over 90% of your capital with prices crashing within the same year. If anything, it is a poor man's income, i.e. when you can't earn income in any other way. Really, if you made an effort to learn about crypto, understand how it works, install a personal wallet after all, why not go further and try to earn more in an active way? Really, if the cryptocurrency of your choice rises a few times, these percentages will be dust anyway while you might lose and might have already lost a lot more due to an overall downtrend market

I don't think so. There is a good gambling site which we can use for investment with them. We can make a profit by investing some amount, and in some period, we can take that profit. But when you decide to play gambling, then it's not an investment because you want to earn money from the games. I think you should try to invest in the gambling websites so you know that you could still take a profit with them because they are making huge money from the gamblers.

Yes gambling isn't an investment but some casino's do offer an investment option and you're going to be part of their bankroll. The profit depends on how much the casino will earn and this is applicable for long term commitment, if you wish to invest to them through that for a very short time you will be disappointed with the result. But if you're going to choose the long term option, you'll see the result effectively because that's really the best option as an investor.

I'm aware of those type of casino's but I'm talking about the other casino's that doesn't have anything to offer but investing on their bankroll alone. They don't promise any token to give or any exact percentage on how much return you'll get after investing to them. I also know some of those casino's new and not that offered their dividends share through token sale. Few of them became successful with it but I also saw the new ones that lost the attention from the market.

it might be possible and your goal will happen if your government and country legalize crypto currency as the prevailing currency and in my opinion the development of crypto currencies no one can know will become more developed or experience a decrease in confidence remains its capital