I have bitcoin here in my wallet but I don't know how to gain interest or earn more bitcoin with my current bitcoin.
So what is the best to do for my bitcoin to earn? Legit, proven and tested
If you want to earn percentage or interest on your bitcoin then lending service would really be the good thing but its too risky , might people wont pay you back. If you dont want to take the risk then better to hold off your bitcoin because price is gradually increasing so this means your bitcoin that you hold will surely increase too thats the only a safe option compare to lend some people online. If you do have knowledge into trading better to put up on it. |
|
|
|
Both luck and skills are very important without skill you cannot make money consistently, without luck you can get ruined almost immediately by having the market moving completely against you.
I agree with you both are really needed to be profitable on trading because if you fully rely on luck without any skills you cant able to make profits hence you dont know what to do to utilize the luck do you have, the same story on having skills without luck because no matter how you trade well if luck isnt on your side it would be useless. |
|
|
|
Trading could be risky if you don't have much knowledge about it and no experience. The main rule is buy low and sell high but that is not always so easy.
Sometimes you can make wrong decision calculating when is the best moment to buy or sell and then you can lose the money.You have to watch the market and price all the time. Arbitrage trading could be especialy risky because you have to react very fast and sometimes you just don't have the time. More you invest, more you put at risk.
Some of the arbitrage trades are being done by bots that can react a lot faster than any human very soon most of the arbitrage opportunities are not going to be there for human traders anymore. I think the majority of traders are usig now bot so that it can help save time and at the same , it is more convenient to buy/sell at the price that you want. bot is very helpful to save our time. but to get the most I think the manual is the best way. because we can freely determine any action that we will do. it makes us more rights in any outcome that we can. Trading bots are only good to use if you are already expert or experienced on trading because bots are just for automation on your trade and if youre a newbie you cant hardly understand on how to use that bot so its not really advisable. Manual trading is good because you will learn with every trades |
|
|
|
|
There's no accurate answer here because anyone could able to use bitcoin as long as he have the awareness. In my own view I think it's on 25-40 time frame because people on that age a already matured enough to engage into bitcoin. There are really still young or old person who do use it, no matter what purpose do they have.
|
|
|
|
Username/UID: stomachgrowls/815243
Bitcointalk Rank: Full member
Current number of posts: 120
Your Bet King username: stomachgrowls
Bitcoin Address (in case of emergency): 1Myvs6ALdFP2n3172nYYkNJMBhZY31tWNU
Thanks
As the owner speak and main rules of OP indicated. My signature is already change Can i get a spot for full member? Thank you Lutpin |
|
|
|
Bitcoin is already used widely by many scammers in the online community and scamming is an illegal activity that victimizes a lot of investors who wants to try to their luck online. Many illegal activities are done online to avoid detection by the authorities like money laundering or drug trades using bitcoins.
Its already a normal thing on which bitcoin would definitely be used on illegal activities because of its anonymity feature and criminals and syndicates would really love that because they would able hard to traced by authorities, commonly they do operate on darknet thats why we dont see them on surface web transactions. I could really say that anonymity of bitcoin does really have advantage and disadvantage. |
|
|
|
Well, to make it into a profitable activity, I think you need to play at the right time. Well, do not play it when you're busy, because it can make you lose. you can make gambling as a hobby, so when you play, you will find relief from office tasks given to you, besides you can also make money, and you make it into a profitable activity.
Profitable activity means you are doing gambling on daily basis and you do earn from it always. Even you play on the right time, you can't still be assured if you could able to make profits on it, as we all know doing gambling is risky and which means we do lose often than winning it. I agree with you, we should treat it as a past time. Not an easy thing to turn gambling into profitable activity moreover earning from it as we know the chance to get loss is too high and people get loss in the long run. The only way to do this by learn from the experts which rare to find. Learning by your self and set some amount when to stop so you wouldn't fall so deep. You cant actually get the methods of those real or expert gamblers but you could able to get some ideas because those ways and experience are gained by yourself only and doesnt need any help from other people. Same as other members do state here regarding on making gambling to a profitable activity its really possible but for some games only. |
|
|
|
possibly investment is better and safer than gambling because you never know when things might go wrong when gambling you could get extremely lucky and get rich fast or you can bet on something everyone knows it for sure and practically only win a few satoshis but on the other hand investment is predictable and there is an explanation to every thing
I agree that Investment is better to compare Gambling. But this is not easy here also we will face many problems, and we should be aware of scammers, and we don't know when the invested sites will go down. Some sites will close without informing customers like this many problems. So nothing is easy but if you want to make money then take a risk and invest that's it. That is why it is very important to go and research what are the more rep sites. And investing in casino is a high risk high reward plan, so unless you are planning to put there for a long time, otherwise it is better that you dont invest at all. Proper research is really an important thing when you intend to make an investment and as you mentioned putting up money on a casino on the house itself is somehow good for me in my opinion compare on playing and using your money on the house itself because profits are not guaranteed and you will surely lose up your money on a fast way when you do play gambling. |
|
|
|
I cant imagined bitcoin can reach that imposible value that your predicting. In fact bitcoin struggle to climb up to 1k $. Well see some changes in prices while trump is president of usa. But 50k is too high to achieve
The price now is possible to reach and rise up to $1,000 but what with the op is saying that he won't die until price won't be $50k That is nuts and the price of bitcoin doesn't have to do with Trump's presidency or whatever, by each individuals consumption we are the one who are making bitcoins price increase. $50,000 is just a dream come true if this will happen. $50000 is really just a dream to happen, it may rise its price but not to high as OP speculated . Its too unrealistic to consider. He would surely die without seeing the price that hes hoping. Reaching that price in your life time is not possible. Maybe it would happen for longer years but the true thing here is that we really dont know on what would happen on bitcoins price in the future. For now im happy that it gradually clings up its price to reach $800 better to expect the $1k price first before you go beyond . |
|
|
|
Loans are really risky but not for the borrower, obviously the risk is on the lender as borrower will not choose to pay if he is not a good payer. There are many scammers online so we need to be careful if we plan to have this kind of business. I would not recommend so, because the risk does not commensurate the income.
therefore before you give a loan to someone make sure that they are a trusted person, or you must get a guarantee that has a higher price than they asked for If you are a wise investor especially when you do lending business you should really be smart enough to mind of the possible risk that may happen on lending money to other people. Lending is a risky business on the lendors side because anyone could not pay the said loan thats why we should really think of strong back-ups like requiring a strong collateral for their loan, if they intend to make a loan they should always prepare a good collateral and be sure the value is high compared to the said loan amount. |
|
|
|
Username/UID: stomachgrowls/815243
Bitcointalk Rank: Full member
Current number of posts: 120
Your Bet King username: stomachgrowls
Bitcoin Address (in case of emergency): 1Myvs6ALdFP2n3172nYYkNJMBhZY31tWNU
Thanks
As the owner speak and main rules of OP indicated. My signature is already change |
|
|
|
|
Most people here do mention always on having or using blockchain.info web wallet which i could say that its really a good one and somehow safe even though its an online wallet. Security features of blockchain is good for me already and somehow its really hard to hack. Hardware and pc wallets is the most secure for me regarding on storing huge amounts of bitcoins.
|
|
|
|
It won't disappear juat like that, it'll still be there, maybe not as the mainstream currency or coin but i doubt that it will disappear. Also, I don't think that the price will jump to 1mil, maybe a couple of thousands or hundred thousands but 20yrs is a long time period, who knows what will happen.
No one could really able to predict on what would happen on the future especially to bitcoins. We could somehow give predictions and speculations but those are not precise but seeing the potential and standing of bitcoin as of now we could really say that it would somehow last for long time as long there are people would really use it on the future. |
|
|
|
|
Bet amounts would really depends on how much money you do have money on your bank roll. If its big enough to make an enjoyable game then better to put up amounts based on your decision if you want big potential profits then bet on bigger amounts but if you dont like to risk then its better to bet on small amounts but still we must know that no matter how small or big aour bets the results are commonly the same.
|
|
|
|
|
Username/UID: stomachgrowls/815243
Bitcointalk Rank: Full member
Current number of posts: 120
Your Bet King username: stomachgrowls
Bitcoin Address (in case of emergency): 1Myvs6ALdFP2n3172nYYkNJMBhZY31tWNU
Thanks
|
|
|
|
|
Theres no one could able to give a precise number here on which how many bitcoin users all over the world for this year. No one really knows because we all know bitcoins is soo complex and we cant even count off people who use different addresses thats why its hard to determin the total number.
|
|
|
|
I will still use bitcoin, there are regulations to banned some illegal activities in every country but it never can be stopping people to do those things. Actually, in my country already band some sites that consider bad thing, but by using vpn people could visit the site.
Luckily bitcoin is digital currency that bring many advantages for us, so gov won't ever ban bitcoin I think.
Well it depends on a certain country on how they treat bitcoin, if they saw that bitcoins is a threat for them then they would surely ban it. As you said people would really still use it no matter how the government would restrict because there are lots of ways to access without being chased, as long there are internet and VPN we could access whatever we want , just be sure that they dont catch you. |
|
|
|
I would ask for a loan if it was a really urgent emergency for me. After that, I would've made a safety fund that's only wihdrawable for emergencies and only that. Not having money when you most need it is a horrible situation, so having a safety fund saves you from that.
Thats why we should really have saved funds in able not to have problems when emergency comes unexpectedly, i agree that its a horrible situation when you do need money at most but your bank or saving is not enough or dont have totally. Making some loan would be the last resort. |
|
|
|
I never expect anyone to even keep all your resources in a particular source even in real world not to talk of exchange sites which is even more prone to attacks in the crypto-world and because you're responsible for your loss when this happen more reason why one should not even think of putting all his funds in an exchange site. Its even safer to keep in wallets than exchange sites. History should not be forgotten so soon..
I really dont understand why some people would really keep their bitcoins on an exchange wallet , infact we already faced previous problems on exchange hacks and people should really be aware on those situations that might possibly happen again on these days. No one knows, Better to store up on a pc wallet or hardware wallets especially to those who hold bulks of bitcoin. |
|
|
|
|
I dont really use this kind of wallets which really needs some Documents for verifications because sometimes you are compromising your identity and your ID and i dont like it that other people would know. Thats why i use bitcoin for anonymity purposes . I use blockchain instead i dont mind if i cant buy bitcoins with the use of those wallets.
|
|
|
|
|
Show Posts
