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Title: What is a better way to acquire bitcoins? Post by: Marcus55634 on March 16, 2019, 07:13:13 AM As I understand, there are two ways to do this - mining bitcoins and buying them from exchange.
What are the pros and cons of each of these actions? And which would be a better way to acquire them? Title: Re: What is a better way to acquire bitcoins? Post by: OmegaStarScream on March 16, 2019, 07:17:16 AM For the average user, buying them would be the best and easiest way.
Mining requires a lot of investment as you can no longer mine with your computer and even then, it may not be profitable (depends on the electricity costs in your country). Title: Re: What is a better way to acquire bitcoins? Post by: mk4 on March 16, 2019, 07:32:32 AM The only way who can decide is you. We have zero idea on your knowledge and your current financial situation.
If you think bitcoin is going to rise soon or if you're willing to hold on to it for while, then simply buy. If you want a sort of business instead, then go with mining. It's not exactly the same, but it's like asking us if it's better to get a job or to start a business; whereas only you can actually know what's better for you. Title: Re: What is a better way to acquire bitcoins? Post by: OgNasty on March 16, 2019, 07:36:42 AM You could also try earning them by providing a service or selling goods for BTC.
Title: Re: What is a better way to acquire bitcoins? Post by: septi.JR on March 16, 2019, 07:37:42 AM I think mining is very difficult at the moment, because you need substantial funds, one of the best ways to have bitcoin by buying on the market, all depends on the funds you have
Title: Re: What is a better way to acquire bitcoins? Post by: CryptoBry on March 16, 2019, 08:03:08 AM In 2017, there were many ways one can be able to ahve some Bitcoin. I know that at that time the ICO projects amde big headlines and joining their bounty promotions and then later on exchange the tokens/coins for Bitcoin can be easier...those where the exciting times to get into Bitcoin and we usually just use the time and some ahrd work to gain some. Nowadays, the best way to get Bitcoin is to buy them and since we are still in the dip then today can be the best time to just hold except if one is more inclined to be trading cryptocurrency which is also another option one can use to grow more Bitcoin and money in this industry.
Title: Re: What is a better way to acquire bitcoins? Post by: alisafidel58 on March 16, 2019, 08:08:42 AM A better way to acquire bitcoin is to buy them at the exchange. Mining seems off for you as a start and would require you a pretty large amount of money, so that you could get a chance to mine bitcoin.
Mining are for millionaires who has a built/rented whole factory building just for the sole purpose of mining bitcoin, electricity consumption add it to your expenses. Just think about the expenses they made just to mine bitcoin. Now if you are this type of guy who`s rich then go mining. But if you just an average person without that much money then, buying seems the right choice for you. Title: Re: What is a better way to acquire bitcoins? Post by: slocker on March 16, 2019, 08:18:07 AM Hard is to get bitcoin now days. Mining represent basic of getting it but at the moment its not good I mean not profitable. What else buy/sell good option at the moment price is stable and can be good if you have some extra to get some coins. Signatures/bounties here on forum. Good source and profit is measured by your rank, higher the rank higher the profit, this on signatures. Bounties are 50-50 some end up good other no matter if you get tokens on you mew end up as dead project cuz they never see light of exchanges.
Title: Re: What is a better way to acquire bitcoins? Post by: Ezenwanyi1 on March 16, 2019, 08:23:58 AM Mining of bitcoin is not as easy as people are meant to believe.
It is actually a daunting task which requires a lot of expertise , equipments and money. On the hand, as easy as investing on bitcoin may appear, it has its risks too. Personally, I will go for bitcoin investment. Title: Re: What is a better way to acquire bitcoins? Post by: Bitinity on March 16, 2019, 08:26:40 AM As I understand, there are two ways to do this - mining bitcoins and buying them from exchange. Basically there are some other ways to acquire or to earn bitcoin such as: - Faucet : it gives you small amount of money by solving captcha (not recommended as it is wasting time imo) - Pay to Click sites : Almost similar to faucet, it does not really worth the time you spend. - Affiliate program : There are many bitcoin services offers affiliate program, you may earn good amount of money if you are able to gain many referrals (active). The most profitable affiliate program is from gambling site imo. - Sell things/services for BTC: You can earn btc offering your skills (if any) - Bounties/campaign : it is the best way to earn bitcoin imo, but you need to build up your account first. As I understand, there are two ways to do this - mining bitcoins and buying them from exchange. What are the pros and cons of each of these actions? And which would be a better way to acquire them? Mining requires you a lot of money to start, you need to buy mining hardware which is not cheap these days. On other sides, mining may not be profitable if the electricity cost in your region is expensive. Buying from the exchange is indeed the easiest way to acquire bitcoin, surely you need to have some money to buy it and dont forget to choose the most trusted exchange once you want to buy bitcoin. Trading can be another way to earn bitcoin. It requires a good knowledge and trading skills in order to make profit, you need some money to start obviously. Which one is better? It depends on your own passion, which one is the most suitable with your own condition. It is basically subjective question, so you should know what is best one for yourself. Title: Re: What is a better way to acquire bitcoins? Post by: emberbekas on March 16, 2019, 08:38:16 AM As I understand, there are two ways to do this - mining bitcoins and buying them from exchange. What are the pros and cons of each of these actions? And which would be a better way to acquire them? Mining bitcoin individually will certainly require a lot of money and effort. Not to mention the time that must be used which can be considered relatively long. Buying it from an exchange is a simple way to get bitcoin. We only need a little patience to get profit afterwards. Title: Re: What is a better way to acquire bitcoins? Post by: jak3 on March 16, 2019, 08:43:50 AM I think there are a lot of ways to earn bitcoins instead of buying them. if you can do hard work and do not have money to spend then its not the dead end for you. You can work for someone and they will pay you coins for your work. If you have already bought some bitcoin then you can grow them even more by trading or lending. just stay away from hypes and scams.
Title: Re: What is a better way to acquire bitcoins? Post by: traderethereum on March 16, 2019, 08:51:28 AM I suggest you buy bitcoin and don't mining bitcoin because it does not give you a big reward if you don't have big power. You don't need to buy 1 bitcoin directly, but you can buy a small part of bitcoin. And if you only have $100 to start, you can buy bitcoin in many ways so you can use that bitcoin for trading or saving for a long time.
Title: Re: What is a better way to acquire bitcoins? Post by: mindrust on March 16, 2019, 08:54:07 AM Just buy them.
Mining is too much work and the returns are not good enough. Mining has died after ASICs came out. Title: Re: What is a better way to acquire bitcoins? Post by: mk4 on March 16, 2019, 09:05:11 AM Mining is too much work and the returns are not good enough. Mining has died after ASICs came out. True. Profitability for GPU miners dropped when ASICs came out. But a decent workaround(if you only have profitability in mind) is you can mine certain altcoins(regardless if shitcoin or not) using the GPUs, then simply sell those altcoins for bitcoin after a certain time period. Title: Re: What is a better way to acquire bitcoins? Post by: cizatext on March 16, 2019, 09:14:40 AM It depends on your determination and zeal because both mining and buying of bitcoin are the same if your pursue is one just to own bitcoin, but bitcoin mining come with high technicality and at that not every one can get involve in mining but one can easily buy bitcoin and hold it for long term goal's.
Title: Re: What is a better way to acquire bitcoins? Post by: richminded on March 16, 2019, 09:15:29 AM As I understand, there are two ways to do this - mining bitcoins and buying them from exchange. Trading and mining is the common way to gain bitcoin but aside from this, you can earn it through signature campaign that i think most of the investors don’t know yet. There’s a pros and cons for every investment, in trading you have to learn everything and in mining you need to invest into good equipment so its all up to you but if you want an investment free, go for signature campaign thay pays through bitcoin.What are the pros and cons of each of these actions? And which would be a better way to acquire them? Title: Re: What is a better way to acquire bitcoins? Post by: eann014 on March 16, 2019, 09:52:51 AM As I understand, there are two ways to do this - mining bitcoins and buying them from exchange. Mining of bitcoin is just good if you have free electricity or it can also good if you can have low cost of electricity will do. Buying them from exchange for me is better option to earn it. What are the pros and cons of each of these actions? And which would be a better way to acquire them? Title: Re: What is a better way to acquire bitcoins? Post by: Windly on March 16, 2019, 09:54:25 AM Mining would cost yoiu so much money and you need the skill of setting up, its easier just to buy bitcoin from an exchange and hold it for a profit
Title: Re: What is a better way to acquire bitcoins? Post by: Cekalt on March 16, 2019, 09:59:49 AM Mining would cost yoiu so much money and you need the skill of setting up, its easier just to buy bitcoin from an exchange and hold it for a profit Agreed mining costs a lot in money to buy all the equipment so you would be better off putting that money into bitcoin. Title: Re: What is a better way to acquire bitcoins? Post by: kingpin4321 on March 16, 2019, 10:15:24 AM You have a wrong perception of how to acquire bitcoin.
You are right about getting it through an exchange and getting it through mining. But in addition to that it can be gotten through bounties, airdrops, faucet Title: Re: What is a better way to acquire bitcoins? Post by: Lucius on March 16, 2019, 11:48:48 AM Marcus55634, mining comes into consideration only if you have a lot of money and a very cheap price of electricity. This is something that most ordinary users can not afford these days. However if you are interesting in mining there is forum board dedicated for that : Mining (https://bitcointalk.org/index.php?board=14.0)
The most effective way to get bitcoins is that you buy them, but for that you need money - since money does not grow on trees, you need to earn it in some way. If you have a job then just each month set aside some amount of money and buy bitcoins, and if you are too young for work but you have certain knowledge and skills you can offer them on this forum in this board : Services (https://bitcointalk.org/index.php?board=52.0) Title: Re: What is a better way to acquire bitcoins? Post by: GreatArkansas on March 16, 2019, 12:28:58 PM As I understand, there are two ways to do this - mining bitcoins and buying them from exchange. Mining bitcoins are too expensive. Pros of buying bitcoins in exchanges is much better, specially when you don't have a lot of money then buying on exchange is much better. Mining bitcoins requires a lot of starting capital, you need also huge money to start mining and you will still consider if it is still profitable to mine bitcoin and the price of electricity in your area.What are the pros and cons of each of these actions? And which would be a better way to acquire them? Title: Re: What is a better way to acquire bitcoins? Post by: cfif123 on March 16, 2019, 12:31:51 PM As I understand, there are two ways to do this - mining bitcoins and buying them from exchange. the best way to get it is to have a healthy content forum and not to deviate from bitcoin contentWhat are the pros and cons of each of these actions? And which would be a better way to acquire them? Title: Re: What is a better way to acquire bitcoins? Post by: rahmatullah9305 on March 16, 2019, 12:36:08 PM Mining requires a lot of capital. do you have a lot of capital? if you can complement your mining equipment, start now. because mining is more profitable than buying bitcoin. it's better to do it according to your assets, but buying bitcoin is also good now.
Title: Re: What is a better way to acquire bitcoins? Post by: aylabadia05 on March 16, 2019, 12:52:13 PM my advice is that now buying bitcoin is better and the price of bitcoin in the future there is hope to rise again.
mining isn't as easy as you think, mining requires a lot of money. but the profit is greater than bitcoin investment. Title: Re: What is a better way to acquire bitcoins? Post by: xWolfx on March 16, 2019, 01:04:49 PM You could also try earning them by providing a service or selling goods for BTC. This. If you feel like freelancing especially, then this is the way to go definitely. Some companies are already offering to pay the salary or part of the salary in Bitcoin but right now don't count on it with most companies you could work for. I would that developing skills and exchanging your time using those skills for BTC and buying it are definitely the best honest ways of getting it. I am personally trying to develop more skills inside a really fucked up situation myself after a while of researching. Title: Re: What is a better way to acquire bitcoins? Post by: gesdan on March 16, 2019, 01:19:12 PM mining bitcoin need a mining rig, if you dont have a proper mining rig, i think you can't get the big value of bitcoin on mining, and we know that mining is the investment, you can mining bitcoin until your rig broken. Buying bitcoin? i think buy bitcoin is the instant way if you want to get a bitcoin by buy with real money. it is totally different with mining
Title: Re: What is a better way to acquire bitcoins? Post by: adzino on March 16, 2019, 01:27:42 PM As I understand, there are two ways to do this - mining bitcoins and buying them from exchange. Mining coins might not be profitable to you. You have to keep in your mind about the electricity cost, the cost of the mining riggs and the amount of time and money you would be spending behind maintenance. If you add up all the cost to mine, you might end up spending more money to mine a coin where as you could have easily bought one cheaper from the exchange.What are the pros and cons of each of these actions? And which would be a better way to acquire them? Title: Re: What is a better way to acquire bitcoins? Post by: eaLiTy on March 16, 2019, 01:48:55 PM As I understand, there are two ways to do this - mining bitcoins and buying them from exchange. The best possible way to acquire bitcoin is to start a business and start accepting bitcoin and you determine when to sell, since you considered investing in mining i said the above as you need a huge capital to invest in mining hardware to earn the desired profits as there is a lot of competition out there, investing at the current prices is the easiest way :P. At the end of the day it all depends upon your bank balance on how you could do thing. ;)What are the pros and cons of each of these actions? And which would be a better way to acquire them? Title: Re: What is a better way to acquire bitcoins? Post by: vv181 on March 16, 2019, 02:02:31 PM When it comes to owning BItcoin, I split it into two parts, Buying it or earning it.
Buying it is when we convert our FIAT to Bitcoin when we do that it's more likely we see it as an investment instead of utilities. So does mining IMO, It requires electricity which in the end we required to pay it via FIAT. There is nothing wrong about it, but I don't in favor in it, because if we do that we just add some economic values/activities instead of growing the adoption parts. In another hand, we could earn it by selling our labor/services for BItcoin. Which I do it right now using the signature campaign or online freelancing. It is way ahead instead of buying it because we basically don't need any FIAT/participating in the broken centralized economic system. Anyway, buying Bitcoin from any centralized exchange force us to make identity verification, which is exactly the opposite of the BItcoin features. Title: Re: What is a better way to acquire bitcoins? Post by: denzkilim on March 16, 2019, 02:10:07 PM For the average user, buying them would be the best and easiest way. That's correct, I am also planning to invest in mining rigs to mine Bitcoin and other kinds of Alternative Crypto Currencies but I postponed my plans because of the high electricity charges in my country and I also calculated it, and it seems that all of the profit that I will earn only goes to the electricity company lol. :DMining requires a lot of investment as you can no longer mine with your computer and even then, it may not be profitable (depends on the electricity costs in your country). How I wish that I live in a country where the electricity bill is not a problem. Title: Re: What is a better way to acquire bitcoins? Post by: sheenshane on March 16, 2019, 02:57:17 PM Mining would cost yoiu so much money and you need the skill of setting up, its easier just to buy bitcoin from an exchange and hold it for a profit Agreed mining costs a lot in money to buy all the equipment so you would be better off putting that money into bitcoin. Title: Re: What is a better way to acquire bitcoins? Post by: sulendra12 on March 16, 2019, 03:09:48 PM my advice is that now buying bitcoin is better and the price of bitcoin in the future there is hope to rise again. Not everyone have money that they can afford to invest on Bitcoin, you can't just invest $50 and wait till 10 years. Its not worth at all.mining isn't as easy as you think, mining requires a lot of money. but the profit is greater than bitcoin investment. If you have expensive electricity cost, maintenance service etc. Then, you have to think twice before saying that. Mining isn't suitable for everyone.Title: Re: What is a better way to acquire bitcoins? Post by: FlightyPouch on March 16, 2019, 03:35:02 PM Mining requires a lot of capital. do you have a lot of capital? if you can complement your mining equipment, start now. because mining is more profitable than buying bitcoin. it's better to do it according to your assets, but buying bitcoin is also good now. These days, there are a lot of ways to earn your share of Bitcoin, especially on the internet. There are a lot of freelance jobs on the internet and you can just google them. A lot of things can be profitable now thanks to the internet, if you have the knowledge about investing, I guess that is the best way to get your share of Bitcoin now. Buying mining rigs will not be as profitable as in the past since there are a lot of miners now and they have those good miners opposing yours. Also, while the years are passing, mining Bitcoin is getting harder and harder so you should've considered buying a mining rig earlier in the year of 2012 to 2015. Title: Re: What is a better way to acquire bitcoins? Post by: coolcoinz on March 16, 2019, 03:41:35 PM Mining is largely unavailable to a newbie at this point, unless that newbie has a significant fortune at his disposal, or is willing to go all in and sell his house or take a big loan. You can't simply invest 10k USD and start mining. I mean technically you can buy a bunch of second hand miners that are on the edge of profitability and keep going but it's a waste of time and money. Just buy coins from someone else or earn it.
Title: Re: What is a better way to acquire bitcoins? Post by: LimLims on March 16, 2019, 03:55:38 PM As I understand, there are two ways to do this - mining bitcoins and buying them from exchange. What are the pros and cons of each of these actions? And which would be a better way to acquire them? IMO the best way to acquire bitcoin is buy buying or getting those coins from he exchanges. I would suggest you that mining is not a great idea as it will cost you a lot and you need to make a huge investment in order to yield profit. Basically mining needs electricity and now it completely depends upon your electric charges in your country. Also mining are for those people who are pretty rich already and have dedicated farms or servers with the sole purpose of mining the Holy Bitcoins. You can also take part in bountys and can acquire little Bitcoins which i know is not much, but will be enough to understand the coin completely. Title: Re: What is a better way to acquire bitcoins? Post by: conanmori on March 16, 2019, 04:06:50 PM You should buy it since mining is way more expensive than before like you need to consider many factor and calculate it so you can still earn profit. The best way for me is buy and sell with it not a great profitter but can still gain some. But before you do this make sure you understand how trading works cause everyone make a big mistake here specially the new ones.
Title: Re: What is a better way to acquire bitcoins? Post by: haidil on March 16, 2019, 04:36:28 PM I think, this is back to each other, I prefer to buy and do this trade will be simpler. if you do mining, you will need very large costs and a lot of risks that will be obtained such as electricity and others
Title: Re: What is a better way to acquire bitcoins? Post by: Bonsaiav on March 16, 2019, 07:01:05 PM As I understand, there are two ways to do this - mining bitcoins and buying them from exchange. What are the pros and cons of each of these actions? And which would be a better way to acquire them? Basically bitcoin's an item that has value, meaning the same thing as fiat money, so to get bitcoin we can do it in several ways for example:
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