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Author Topic: How to accumulate more bitcoin other than buying with FIAT.  (Read 504 times)
Coyster
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December 05, 2021, 01:53:31 PM
 #81

How are people accumulating more bitcoin other than buying it with fiat?
I'm going to be really honest with you, the most common way to accumulate Bitcoin is through buying it with Fiat, either you have a job in real life that pays you, and thus you use a fraction of your salary to buy/accumulate Bitcoin, it does not mean that it's the only way, but it's somewhat the most assured and popular way of acquiring Bitcoin. Having said that, some people may tell you to try faucets or airdrops, but I'm afraid, you'll earn little or nothing from them, coupled with the fact that majority of them are scams, and instead of you earning, you could end up losing, you can also earn some Bitcoin if you have one skill or the other, and when you offer your services to people, they could pay you in Bitcoin, another means is if you're working in establishments that offer payment of salary in Bitcoin, you can also request to be paid in Bitcoin.
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December 05, 2021, 02:18:37 PM
 #82

Back in the day there was a faucet where you could solve a captcha and earn up to 5 Bitcoins per day.  Wish those days still existed lol

No one knew that Bitcoin could reach 4, let alone 5 figures.

Now we see faucets dispensing similar amounts for their own coins but I doubt they would reach the same level.

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December 05, 2021, 03:01:30 PM
 #83

Back in the day there was a faucet where you could solve a captcha and earn up to 5 Bitcoins per day.  Wish those days still existed lol

No one knew that Bitcoin could reach 4, let alone 5 figures.

Now we see faucets dispensing similar amounts for their own coins but I doubt they would reach the same level.
As far as I know the only worthful faucet platform right now is Cointiply. You can earn there by doing tasks, surveys and running apps on your mobile device. The good news is that every countries have access to at least few surveys daily there, different from most platforms I've seen which don't give any chances for third world countries citizens to earn by doing surveys.
Cointiply also pays daily interest over users' balances and run different bonuses and promotions from times to times. Without referrals nobody is going to make a lot of money from this site, but it's still a lot better than anything else disponible right now. As OP is looking for a way to accumulate btc without buying it, that is an alternative.

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December 06, 2021, 06:21:44 AM
 #84

I think you accumulate BTC just like you accumulate cash.
Your work and get paid with BTC in countries where it is acceptable.
People can also run airdrop and bounty task, when they get paid they can convert it to BTC. The next very ugly means of acquiring is through Fraud.
The op would have make it generally as cryptocurrency without being specific to one coin as bitcoin, you can generate cryptocurrency of any kind depends when it will be about to launch, i know people earn a coin through mining which is the shortest way to earn bitcoin instead of buying with fiat currency.

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December 08, 2021, 01:34:26 PM
 #85

How are people accumulating more bitcoin other than buying it with fiat?

I’m watching videos on Youtube and reading forums and i see a commonality of people saying to accumulate more bitcoin and not to day trade. But how does this work? Or are there other ways to grow your bitcoin portfolio? Can you explain a little bit in detail?

Well there can only be 3 ways to acquire bitcoin, 1) By trading, 2) by mining& 3) by gift. The best and easy way is by trading, but you are required to put your focus on the market and the trend of people towards bitcoin, the second one is by mining, but it's very expensive, you would have to purchase a mining rig for this purpose, the third one is very rare, which is to acquire by gift. But we don't have any such friends, who would ever be willing to gift bitcoin. Any such friendship is always welcome. lol
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December 08, 2021, 05:20:53 PM
 #86

Mining it is an option, which isn't really feasible depending on your environment and resources but it's one of the ways you can earn it.

Trading is another option but it takes intellectualism to get this done in a very good manner and earn profits to purchase bitcoin

Rendering your services also and getting paid in bitcoin is another option to consider
Mining isn't an option, you'll need specific miners in order to mine, using your own computer won't just do it. On top of that, you'll need to do a cost to benefit analysis, due to high electricity costs.

Back in the day there was a faucet where you could solve a captcha and earn up to 5 Bitcoins per day.  Wish those days still existed lol
While I remember the early days of Bitcoin (2013-2014), you could potentially earn a decent amount of BTC, I believe that the amount you're claiming is an exaggeration. Faucets were my first experience with Bitcoin and accumulated a decent amount for today's standards.

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December 08, 2021, 11:01:04 PM
 #87

How are people accumulating more bitcoin other than buying it with fiat?
How is bout trading?
We can trade Bitcoin and get again Bitcoin from the profits.
So far, I ma not mining so that I cannot tell about this.
But trading is really profitable for me although it is very risky also. Well, maybe if you can see some platforms, there are also some that provide any staking or other yield farming to get rewards on BTC.
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