To grow bitcoin you got maybe you can try the trade, but you must understand the trade and can learn to make a good profit. Or you can invest in some of the sites that are actually reliable. Or you can also provide loans to other users who need, but you should be cautious about giving loans because there are many scam that will cheat you.
Giving loans is very risky as there are maximum chances of getting cheated, instead I will prefer to invest in trading and some casino bankrolls to grow my coins over a period of time. when it comes to rewards, loans aren't worth it. they mostly are given out to help people that are in need of them. but it's too much of a hassle. and i personally don't like having to wait in order to get my money back. and yes, i know that collateral is some what of a security for the lenders, but still, you have to wait for your money. |
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Bitcoin seems to be quite young compared to most other national currencies that we use in our daily life. Also bitcoin has got very small acceptance among online stores. Day by day things were getting better with increased acceptance and increasing adoption. For this purpose cash is given preference by most users which soon gets changed over the coming years.
cash at this point has an advantage that bitcoin won't be able to beat, but online it can make a big difference. i personally do 90% of all my online transactions with bitcoin. i use fiat only for certain things that i have to pay for online, that can't be paid for with bitcoin. other than that, bitcoin is for me the way to go. |
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Investing money in bitcoin can act as a hedge for your investments in the stock market. Bitcoin and other crypto currencies usually perform well when their is a bad news regarding the economy or when a bad, unexpected numbers about the economy is released. So I recommend every investor in stock market to hedge their positions by investing in bitcoin. It's not a fool proof plan. But it does provide some hedging benefits.
i have sold all the stocks that i had years ago to make money free for investing in bitcoin. and so far it worked out pretty well for me. that doesn't mean i will never invest in stocks again. when i see a real bargain priced stock that has been dumped down significantly, then i will surely buy it, but nothing more than that. no bargain stocks means no stocks at all for me. |
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Getting rich is not an easy job. There is no magical formulation that can turn you into a millionaire.
You must work hard and research properly before taking any step. However there are many ways to earn from this forum, even if they are micro-jobs. In real life I suggest you to get a job or start a business with a proper goal and dedication along with a clear mindset.
in the first place, people shouldn't be focusing at getting rich. everything must be built up with hard work as you also said, and a certain risk in life. a lot people here think if they buy 1 or 2 coins and hold it for a certain number of years, that they will become rich automatically. it doesn't work like that. these people are living in a fantasy world with their unrealistic expectations. |
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Most users have quoted that holding gives you access of doubling bitcoin. At the same holding doesn't give the time period of the bitcoin getting doubled. So its better try with gambling, trading or other investment plans.
doubling your money eventually through trading is something i definitely agree with. but not with the gambling part. gambling is where you only depend on luck. and don't forget that with gambling there are more chances to lose all your money instead of doubling it. just avoid gambling and focus on trading. |
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Hey guys, I just spoke to a guy over chat who told me his plan was to get 100 BTC, wait for the price to reach $5k per BTC and retire after that. Since he lives in a third world county, that might be possible for him. I know this is a simplification of the problem but I d like to know what s your plan. How many BTC is your goal, at what price and what happens once you reach that goal. After all, we have all been involved in a dream, why not dream it a bit more.  My plan when I get reach in bitcoin I want to buy a bitcoin mining machine to earn more bitcoin, then I establish my own traditional business. Also buy a new house and lot with cars also. Then live happily ever after. by the time you get "rich", mining will be many factors more difficult and less rewarding than is the case right now. you will be much better off to just keep holding your coins. |
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i put my money 25% into bitcoin and save my bitcoin for long time as long term investment because i know that bitcoin price will be more going rise up because there is a lot of people are buying bitcoin in huge amount for the future they surely know that bitcoin will going to high its price sooner.
I am also holding about 20% in bitcoin since the price is going up and once the price skyrockets I will start to sell it off slowly and then maybe buy more. Anyway I may just sell it all and stop trading since by then I will be an old hag to me, this doesn't make sense. yes, it's always a good thing to secure profits every now and then, but selling when the price goes up, and then to buy it again at such a higher price, is basically pointless. in that case you can just better keep holding your coins. or just sell a small part of your coins at the time the price has gone up, and keep holding the rest for when the price goes up even higher. that's a better thing to do. |
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I'm sort of new to bitcoin, I've made a couple bucks already from visiting ad sites, doing faucets, etc, but is there any other way to earn easy cash? Anyone got any suggestions?
gambling is the fastest way to double bitcoin, but has a whopping 50% risk .. it all depends on your luck.. gambling is indeed the fastest way to double your money, that's right. but it's also the fastest way to lose everything you have. that's why gambling should at all times be avoided. the game is always in favor of the house. especially in the long term, the house always wins. |
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People who really use bitcoin i think people that know about bitcoin people and i think almost gamblers are using bitcoin because of anonymity.
If we compare other section here gambling is more visitors than other sections
the gambling industry accounts for more than 50% of all the transactions. this percentage has even been higher a few years ago, but that's mainly due to people using bitcoin also for other purposes since the acceptance right now is much greater. people have more options to spend their coins now. |
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Bitcoin is not a good investment. It might be a fine gamble, but it's purely speculative. An investment would be better served in a business that generates a profit. That's what causes stock prices to go up, businesses becoming more profitable as they grow. Bitcoin becomes more valuable if more people think it's more valuable than before. It's very arbitrary, and arbitrary is not what you should be looking for in your investments.
It is true what you say, but basically the bitcoin appeared to give an advantage to us, so if we have a good enough money then it would be better used for investment in the bitcoin. because the price of the bitcoin is unstable and it can be used very well when we want to do it 1 btc is always a good amount to have in our wallet, but I won't prefer to simply hold it for long term but if I have 1 btc then I will start trading altcoins with it to take my volume of coins to higher level. you don't have to tie yourself to have 1btc just for holding purposes. alongside that, you can also have a seperate balance that you can use for trading purposes. that's also how i work. i have for each purpose a seperate balance. that way i can benefit from many aspects such as long term holding, short term holding, trading, and the list goes on. What you are saying is true but not all would be holding more then 1 btc in their wallet, in fact there are many users who don't even have reached closer to 1 btc, in that case people will prefer to take risk and will try to multiply their coins in quick time. well, you're right there, but you can also split it in balances of 0.2btc for each purpose. it all depends on how many coins people have. maybe i should have made it a bit more clear in my previous post. |
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Bitcoin is not a good investment. It might be a fine gamble, but it's purely speculative. An investment would be better served in a business that generates a profit. That's what causes stock prices to go up, businesses becoming more profitable as they grow. Bitcoin becomes more valuable if more people think it's more valuable than before. It's very arbitrary, and arbitrary is not what you should be looking for in your investments.
It is true what you say, but basically the bitcoin appeared to give an advantage to us, so if we have a good enough money then it would be better used for investment in the bitcoin. because the price of the bitcoin is unstable and it can be used very well when we want to do it 1 btc is always a good amount to have in our wallet, but I won't prefer to simply hold it for long term but if I have 1 btc then I will start trading altcoins with it to take my volume of coins to higher level. you don't have to tie yourself to have 1btc just for holding purposes. alongside that, you can also have a seperate balance that you can use for trading purposes. that's also how i work. i have for each purpose a seperate balance. that way i can benefit from many aspects such as long term holding, short term holding, trading, and the list goes on. |
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I remember considering buying when they were around 15c each, after a recent jump from the 8-10c range. The smart 18 year old me decided that it was a spike and it will go back down and that it looked like too much of a hassle to set up the purchase to bother with it.
you could bought yourself $100 worth of coins since it is an amount worth risking. it would have paid off considerably if you kept holding till the all time high peak or till now. but who knows, maybe you would have sold them all at $0.50 or so. that basically shows that it's never too late to buy. but you just need to make sure you don't buy into peaks, because this is not 2010 anymore. |
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A lot can happen to bitcoin affect price in either direction and most likely will between now and next halving. So in my highly expert amateur opinion, the price will be somewhere in the $3000 - $4000 range with the general price trend going upwards even beyond the halving.
it would be nice to hear from you what exactly will cause the price to go up to these (at this point) insanely high price levels. all the money to get the price to go up, has to come from somewhere. and that will either be from rich individuals, or a certain number of institutional investors taking a position into bitcoin. without one of these two options, it's impossible. |
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What do you say? Isn't earning bitcoin through the likes of signature campaigns, tweets and posts really boring? I really think so, at least its not an attractive or appealing way to earn bitcoin or any money for that matter.
What do you think? What are the most interesting and appealing ways to earn Bitcoin Online?
Well bro if you boring with work with camps, bountys etc , you can start day trade! its way more facinating ! but also note high risk and high rewards! you just need to make your homework and invest at the right coin  trading involves too much risk for simple minded people that are only out to earn through faucets and signature campaigns. trading requires knowledge and experience which most of them don't have. if they somehow jump into altcoin trading anyway, then they will be doing more gambling than actually trading as they blindly buy at a certain price. |
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Currently I receive my salary in bitcoin or altcoin, I make money from translating, posting, sw testing etc. Feel awesome cuz my salary is increased in fiat due to btc pump.
If the digital currency is fully everything that you earn, then what to do if you go to the store on the street? How to pay for the goods. very simple actually. when local stores don't accept bitcoin as payment form, then you have to convert a certain part of your coins to fiat in order to buy the things you need. |
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you can trade to earn a tidy profit. some people can even get a big profit from trading altcoin.
Yeah experienced people in altcoin trading earns profit easily. They knew how to get along and play with the market. someone got 20 BTC profit from an altcoin because she timed the coin pump perfectly, or maybe she knows someone from the pumper group, anyway if you are not careful you might end up bagholding worthless coins. that is the negative side of altcoin trading. no matter how experienced you are in trading, there is no such a thing as easy profits. everything has a certain risk involved. also, whether or not it's true, the person that you are talking about are either one of the pumpers themselves, or indeed very close to them. |
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I think it might disappear but if internet disappears and if that happens then people will definitely go mad as everyone is dependent on it but I don't think that internet will disappear in future in fact it will be more stronger in coming years, Also bitcoin being replaced as the digital currency is unlikely as well.
That makes no sense, i don't think that is the case, bitcoin can disappear without internet being disappeared from the world as bitcoin is just a digital currency which obviously is too strong but still as said nothing is impossible so that can also happen if suddenly something really bad happens to it which doesn't seem to be happening that soon. assuming internet and power all over the world remains online and working, then bitcoin is basically impossible to get rid of. even if there are just 2 or 3 miners and equal amount of nodes, it will already be enough to keep bitcoin running. it is by far not as safe as the entire network is right now, but at least bitcoin can continue to exist. |
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Yes, i spend my bitcoin actively in my daily life. It serve as my mobile load provider.
to be honest i have never tried paying with bitcoins for my phone, actually i have never spent any bitcoins Good for you that you didnt even spent your bitcoin and i assume you do have lots of bitcoin as of now. Spending bitcoin actively would be good it depends on where you would use it. Same as others said they could load their mobile phone with the use of bitcoin which is trully an convenient thing. someone not spending his coins doesn't mean he has a lot coins. these people are either hoarding their coins from signature campaigns and other sources, or directly convert all they have to fiat. |
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You can borrow from friends. Go get credit in the bank. If not, then you can sell the car or other valuables
Usually in the times of emergency need of money, I go for pledging gold ornaments. Because that will be a better way of getting money other than borrowing from friends. I really do not want to disturb my friends for money related things. So, I always prefer to go with gold loans for emergency money needs. selling stuff in times where you need money is the best and first option you should think of. at second comes asking friends or familiy for a loan that you can pay back 1:1. taking loans from banks is something you should avoid at all times. that will most likely push someone even further into the hole. making use of a pawnshop for certain things require you to pay interest. |
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These people that believes there's a "safe" way to double any amount of money just needs to stop fantasizing that idea. Regardless of how much it is, there's no way that you can safely double it.
I guess there are ways in the real world that makes you earn a lot of money but that would surely be illegal and would put you in jail in no time. I think everybody would prefer to live with not so much money than to live with a lot of money but you can't spend a single dollar because you're behind bars.
the majority of the people here are living in a fantasy world. they think the price will go up so easily, that they will benefit greatly from it. in the real world however, things don't work like that. every bit of investment here requires understanding of what the risks are. people that don't see these risks, are empty headed people. |
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