Bitcoin Forum

I want to grow my bitcoins not by dollar value but amount I have, i've gambled a lot then sold my bitcoins at a higher dollar value but that doesn't work after awhile I used btcjam but I'm not really trusting of the people on there is there another trusted site other then btcjam.com

Did you try planting a bitcoin seed? JK bitlendingclub and bitbond are the other two I think.

You could always loan them out, with decent interest rates. Just make sure you don't get scammed, that would be a bad thing.

I like the bitbond idea, even considering using it myself. If you can get a reliable resource to lend it out with no risk to you, good! Making sure you can keep your bitcoins is worth the interest cut.

If you can find a reputable casino to invest in their bankroll then you can likely earn a pretty decent return on your bitcoin

You used to be able to earn a good return at Just Dice but they have now shut. The only problem is trust, would I trust any of the other casino's to shut down and return all my BTC?

Recommendations and reasons why to trust another casino would be useful.

Saving fiat and buying BTc regularly seems a more promising long term strategy

You wont get much increase in value and still host them somewhere els, we all know how has ended for some.

There are loads of small projects, you could invest in. Just keep your ear to the ground and use common sense. If the projects are already making profit, you could consider investing more.

The loan option carry loads of risk, so you might even loose more than you gained in the long run. {1 or 2 non-payments, may digest all profits from paying loans}

Crowd funding promotes the decentralization concept, so you might consider those, as a good opportunity.  ;D

Which casino still let people invest in their bankroll?

At this stage of the game I don't think there's any option without unacceptable levels of risk. Be happy with what you have and look into it again a few years down the line.

Agreed. Dooglus was the reason JD was such a good investment for many people. Stunna could do a similar thing with PrimeDice but has said he has no interest in doing something like that. Until someone with that much trust opens a site up I would avoid casino investing.

Agreed. Wait till a bitcoin bank (with insured deposits) opens.
At the rate at which bitcoin is progressing, it won't be long.

It wouldn't be a bad idea for a Bitcoin bank, unless it acts LIKE A BANK and NOT a central bank. I won't support any bank that even tries to do that. I also don't want any bank that will fractionally lend, otherwise stuff could go wrong for it pretty quickly. Now, if they do it right however, it would be genius...

It depends. I wouldn't mind there being a bank, but it depends what they do. I don't want the current economic fiasco going on in Bitcoin too.

completely agree it should be different from the banks of today

The problem with bitcoin related banks lending bitcoins to people is that it is very difficult/impossible to seize a person's bitcoins in the event that the bank receives a judgement on a defaulted loan. With fiat banks, the bank can use the courts to seize a deadbeat debtor's assets, but this would not be possible with bitcoin.

I would say that best bet would be a bankroll for a casino.

be a lender at btcjam.com but be careful of scammers

I'd just buy them and hang on to them to be honest.

Speaking from experience, I made about 200% investing and trading in cryptocoins, and lost about 300% and the end of the day, investing and trading in cryptocoins, and being scammed, by theives such as Ukyo Jon Montroll, or super late companies selling pre-order asics, like Avalon.

I would not loan BTC, that seems like far too risky. Really I'd just recommend buying BTC and holding. Mining is not really even profitable anymore IMHO.

nothing is risk-free -- lending, for instance. you could also lend for margin traders on Bitfinex, but interest pay is pretty low. you could try your hand at altcoin speculation.

This is absolutely the best advice, don't lend without collateral, don't invest in ponzi schemes, don't do anything, unless you're absolutely sure of your returns. And buying and hodling is the best thing you can do right now.

try freebtcio, maybe you win the big price

If you are trying to use the bitcoin that you currently have to grow it, it is actually hard and the chances of losing it is higher. Advice you to use other method like faucets and referral.

With faucets you can only earn some btc dust, the gain is really low but with referrals is a bit more easy if you have a blog with some decent traffic.
If you want to risk a small part of your initial capital you could buy some promising altcoins or you can try with the most trusted ones.

I think we all want to grow our bitcoins. You just have to find your tolerance for risk since there's no profit without taking risks. Question is how much risk for how much profit?

Having a bitcoin bank kind of defeat the purpose of peer to peer currency.

Not necessarily.

All it has to do is offer loans, pay interest, and be a safe-keeping for those who think that they don't have the security in order to hold larger amount of Bitcoin, or any at all. It could also be a good way to make money of loans, if it offers an insured program, so that you could make money off of loaning your coins out, with minimal risk.

People could still keep the P2P aspect, it's just banks could help the population adopt it, and then the masses can move their focus away from the bank and to their own wallets, etc.

I would disagree as banks provide services to it's customer, such as keeping customer funds safe from theft.

I think this 4 idea is good :
1. Cloud mining
2. Gambling / become the bankroll (choose a great gambling site)
3. Loan your BTC (be careful)
4. Sell your BTC when price is high


Bigger Risk, Bigger Proft
Small Risk, Small Profit
I'm only take small risk (cloud mining)

It's pretty hard to grow them when Just-Dice was around it was fairly safe to get a return on Bitcoins from gamblers
Till Nakowa comes along  ;D
Now I would say taking bets with small amounts and making predictions on outcomes seems easier than trading or gambling directly since the bitcoin stock market is annoying if you have some skill trading on exchanges with altcoins that also works, but stuff like guessing the DJIA or making your own bets if you can think of interesting ones seems to be the most stable.

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Never gamble.
Never invest in mining or cloud mining.
Never invest in any IPO.

Don't put too much money on online exchanges.

Buy XMR and NXT when their average price is low and HODL. In about one year you'll be rich.

Don't gamble and don't invest your bitcoin is the best way.

Follow this man's advice!

Ad especially don't invest in IPOs, I really want to emphasize that. Things like Etherum or whatever aren't a good investment in my opinion, since a single Bitcoin is equal to 2,000 or them, or about 2mBTC/piece. That's $1.20/coin, and I'd be surprised if it can go up from there. However, I cannot believe it raised $3.3 million dollars...

1 Cloud mining isn't profitable anymore, you have to be very lucky in order to have some ROI.
2 Gambling is the fastest way to lose all your bitcoins.
3 Loan is very risky, there are people who loans without collaterals, don't do it.
4 Just hold if you aren't an experienced trader.

I used just-dice and I have to say that I lost roughly  0.01 btc cause of whale bets.

quit betting and perhaps provide services to gain bitcoins instead.

IPOs are fine as long as you're just throwing in pocket money. Anyone who put $20-50 into NEM can already realise $1000 plus and it hasn't even launched yet.

I definitely wouldn't be putting anything into much of the present breed that seems to have popped up. Their pricing assumes ludicrous market caps right from the offing.

Maybe you can investing your bitcoin in PBmining.com or CEX.IO, that's an alternate investing that you can trust, but in investing we must prepare for that in investing sometimes up and sometimes down, hopefully you can grow your bitcoins as soon as possible ... 

You can become a lender on http://btcjam.com. There is risk but all investments carry risk.

Since you take joy in gambling i suggest you look for gambling sites to enrich yourself.Good luck.

You need a soil rich in nutriments, water and patience.

Gambling is good but you will either come out of that better off or worse off. If you are wanting to grow your bitcoins you need to be looking at a way to gain rather than it going both ways. Offering a service and being paid via bitcoin or even becoming a lender are ways you could consider to help to grow your bitcoins.

Have you tried playing with the huntercoin wallet?
The value at the moment is very low but there are some great news coming for the future, you can sell them for bitcoins.

also you need a lot of sun.

BTC doesnt grow on threes, it grows on shitcoin pump and dumps, gambling and other luck related activities.
You can also work for fiat and buy more.

You have to be lucky enough to guess the right altcoin which will be pumped, not an easy job.

and then lucky enough to get rid of it before it is dumped - that is even more difficult

What about giving goods or services in exchange for them? Like you get any other kind of money. Or you can also invest, which is quite difficult in the bitcoin world, which is full of scammers.

you can use https://bitcoin-scratchticket.com
and scratch few bitcoins there.

If you know how to mine, then you should mine. But if you dont. Why dont you offer services for those who are willing to pay bitcoin? Like writing, logo making etc. Or you can accepts loans with interest too. And even gamble with it.

I would advise you to guard against sites which offer excessively high rates of interest. While trying to grow your bitcoins, you should make sure that you don't lose your principal.  :)

I would highly recommend against using gambling as a way to grow the amount of bitcoin you have. I do enjoy gambling every now and then, but I see it as more of a form of entertainment then an investment that would help me pay my bills.