Bitcoin Forum

Hi, all friends...I'm just newbies to bitcoin and after I have study for a while then i found so many different reason about working with bitcoin and other cryptocurrency but I can divided it into these main categories
1. Invest in buying my own hardware for mining bitcoin
2. Invest in buying some contract for cloud mining online
3. Invest in HYIP website
4. Invest in Trading Platform
5. Etc.
Anyone please give me some idea about this that what is actually the better way that beginner should start working on it with bitcoin for making some profit?
Or any others way that I have missing found on this?

I think you should try some faucet and read some documents first. Also, if you have some money, I suggest you buying some contract for cloud mining online or buying some bitcoin to store. Bitcoin price can be increase faster and faster in near future.
P.S: Sorry for my bad english, I hope you can understand

To your points:
1. Do proper investigation first (profitability vs expenses, heat&noise management ...)
2. DEFINITELY NOT (99.9% CLOUDMININGS ARE SCAMS - PONZI)
3. DEFINITELY NOT please don't support these crappy schemes (but if you like to just give away your hard earned BTC the go ahead).
4. You can lend BTC using few platforms. Is that what mean? Then yes it's quite good idea.
5. Do you have skills which you can rent? (coding, writing, transaltion...). Ofer them on this forum ( but you have to had some previous experience (portfolio, customer fedback .. etc.)
6. Bounty campaigns. You can get some small rewards for follows, retweets etc. (see altcoin section for more details)

To sum up. There are no easy money in crypto (without putting some effort or risk you won't get profit). Just go, buy BTC and HODL them (maybe invest part of them in casino bankrolls like I do (it's effortless but of course risky investment).

I suggest read more here in forum for some ideas and tips, and joined some bounty, airdrop and campaign's. You can earned those bounty and airdrop weekly or end of bounty/airdrop.

If u have some investment buy bitcoin and hold it. For small trades to learn about crypto, trade only 10% to 20% of your bitcoin in altcoins on different trading exchanges like bittrex, cryptopia, poloniex etc and earn more bitcoin but making mistakes can result in losses. So invest only small portion of your monry in alts and keep most in btc.

I was just like you 4 weeks ago.
I started with mining, then buying bitcoin, various HYIPs, various ICO's.
If you would like you can visit my channel  https://www.youtube.com/channel/UC9j45E7C8NA-nRSiWno7-ig where I have recorded all my progress from a complete newb till now.
There are several beginner videos as well on how to get started.

Good luck to you.

We are allowed to join programs, but programs, where newbies are allowed, are usually bad. To participate in good programs you should have enough rank as well.

Store BTC on hard wallet and put it deep into a drawer. In meantime read and learn, invest regular.

If you have some capital I would recommend buying a digger to dig a bitcoin so it will be safer for you. If you love to play hyip it will get you money fast but also make you lose money. Online mining I find quite a few paid sites that are mostly phishing scams

Here are my suggestions for you.

1. If money is not an issue then go ahead. Make sure you are familiar with the maintenance costs involved in running a mining rig.
2. Cloud mining is still ok if you go with the 3 most reputable companies (Genesis Mining, Hashflare & Bitcoin.com) but ROI could be 6-12 months depending on the contract.
3. NEVER ever invest in any HYIP! Sure they promise good and fast returns but they will vanish in thin air faster than prepping a cup of coffee. So AVOID HYIP at all cost.
4. Trading is ok but we must learn the art of trading first.
5. Join bounty programs of ICOs. You can find at lot of them on the "Services" board.

I think you have the capital to invest in business, but first you have to learn how to buy cheap altcoin or the trend of the market. If there is a bit more capital then I think buying a digger to make miners would be less expensive for your crypto market.

If You have some amount for investment, then its better to invest that to buy bitcoins, keep them. price is going up for bitcons. after some year you will definitely get good return. Best of luck  8)

HYIP is not a good place to start for newbie. So much scam HYIP today. Dont play with your money

I am newbie here too. Mu uncle recommended me to write a lot of comments on a lot topics. That is the way you can upgrade your profile, and than some campaign engage you to work for them. Also you'll write coments on other topics, but just for that campaign.
Greeting!

As of the moment, don't do anything from the list that you provided. Those will just make you lose money. What's important in this time (because you are a newbie) is to learn the ins and outs of BTC. Give yourself some time to learn all things about BTC and cryptocurrency. With this, you'll be equipped with the knowledge in dealing with cryptoassets. After that, you can buy some BTC as a starter. Just make sure that you know the basic things about it and you'll get by easily.

You can start by joining in facebook and twitter campaign to earn some profits. But its much better to read first all the rules while your waiting to rank up.

i think you just need to accumulate some crypto and hold them.. in some years they will worth so much.

Honestly, I have done a little bit of each to learn what the experience is like. You can listen to the experience of others, but at the end of the day, actually participating in each of those activities provided a wealth of knowledge.

Once you find the activity you like the most, double down on it!

Invest in buying my own hardware for mining bitcoin now is not effective unless the price of electricity in your country is very cheap

don't lose hope dear☺ there are many airdrops that accept newbies, i'm also a noob and i already got a couple tokens yey!
i have a mentor, a jr, trick is
1) read a lot
2) i stay mostly in the altcoin thread and click all topics with "airdrop" haha and you eventually find some that don't restrict noobs like us
3) patience bro☺ lots of patience coz think of your time here as the,  investment,  the return will be huge when you chance upon your lucky token

I definitely agree. If you had bitcoins last january, it would have already increased 600% in just 10 months
And with forecests of it reaching $10k by end of 2017 or early 2018,  buy and hodl btc for sure

1. Invest in buying my own hardware for mining bitcoin.
-too many things to consider. ROI may be forever
2. Invest in buying some contract for cloud mining online
-ROI is close to none.
3. Invest in HYIP website
-NEVER!!
4. Invest in Trading Platform
-definitely but you need to do a ton of research. When to buy, when to sell. Profitable once you know the do's and don'ts.
5. Buy bitcoin and hold it till price goes to $8000 or more. LOL

Invent btc is simple , because what your aim is clear , it’s BTC . Not like invent others ， you should analyze if this coin has big promising and it’s always hard to judge. In my viewpoint , invent to exchange platform is the best way for newbei . Because of that:

1)Invest in hardware you should have a channel to buy hardware and you need to find a location to put them , if you are lucky to buy a ant S9 , maybe you can get profit after several month. It’s real not worth for personal.

2)Invest in cloud mining online， as my experience. It’s hard to get profit from this way.

Hello all, I am an "old dog" looking to learn more about "Bitcoin". Is there anywhere I can go for a comprehensive "glossary" of the terms used ie: airdrop, mining, storage software, free coins, hyip, invent to exchange platform trading, selling ect? I really want to know the "language" before I attempt to speak it, lol. Thanks in advance.

Buy some contract for cloud mining.It is better than own mining.Don't do HYIP.They are all scams.

Well, I appreciate the response, but as I said, I  do not even understand what you just suggested for me to do. I need to do a lot of studying it appears. Tks........

but you just do this if you have a lo of money to buy bitcoin and hold

Mining isn`t good idea. It becomes harder than 2-3 years ago. That`s why cloud mining began. People don`t want to buy expensive equipment. And after fork will be harder to gain BTC from mining. Look at trading and bounty...

it's  right.  you can choice  anyone

Mining BTC with Mining rigs? Please don't. Nobody can assure you for the ROI. Look at the ETH miners now.. :P
Cloud mining and HYIP website has high possibility for being scam. Dont give your precious BTC those strangers..
Trading Platform? nah.. if they are really good at it, why wouldn't they just double up their own BTC? makes no sense.

Sum up -> Buy the dips, Sell at the peak! * REPEAT * -> You will gain more and more BTC by successful buy & hold strategy :)


Good luck!

Well, I thank you all for the replies, but apparently, nobody read my post. I thank you for the replies, but without knowing what the "terminology" actually means, the answers are quite useless to me, but thanks again........  ???

Check my channel if you like I have plenty of beginner stuff there.
If you have suggestions I'd be glad to hear them.

https://www.youtube.com/channel/UC9j45E7C8NA-nRSiWno7-ig

what do you think about https://www.genesis-mining.com  they look legit and also have good reviews online. tell me

I wrote about them multiple times, heres one of my replies:

buy ico tokens
be a bounty hunter (twitter, signature, facebook, telegram campaigns)
faucets if you like 90% slavery
cloud mining 90% scam
exchange- if you have some cash
airdrops
be alerted and be willing to put little effort

I have just put a new video up on Cold wallets in time for the next fork.
It is in the beginner playlist. https://www.youtube.com/watch?v=2mmoNNMgT2Q

Beginners recommend to buy some coins and keep them. Take a look at the market a bit. With your current state of affairs, your profits will multiply and you will be satisfied. Remember just about the good security of your wallet.

I just listened.
continue the topic. :)  ;D

Why not trading, it is the fastest and the best way to just earn something by investing not much in some coin.

I think your list is not a good way to start as a newbie, become a miner seems like the most reasonable, but you need to know how much you can earn and how much you need to prepare to start minung, the best to start is to know what is bitcoin and other coins, after that try faucet and the basic trading, after you familiar you can search for ICO, HYIP and cloudmining is not legit, so stop wasting your money

Just testing is everything ok.

There is a general thread about how to earn bitcoins in this very section. Please read it and ask questions in there.