noob in bitcoin

[Ingatqhvq]

Hello bitcoin masters,


I am just new to bitcoins. And want to earn some bitcoins so that I can invest somewhere in the cloud mining companies and earn some money.i started to earn bitcoins from faucets and I got frightened  by what I seen in my wallet  that was 0.07$ (my hard earned money    )  and from then I never looked at faucets. I brought 10$ worth bitcoins from my friend to invest in hashie.co but I was afraid that what will happen  if I lose them?  How will I return him?  So that I gave them back to him.

So please  guys! Help me how to earn bitcoins and suggest me better cloud mining sites where I can earn good.

Sorry if I done any mistakes because this is my first post.

hi, bitcoin is money, so if you know how to earn money, then you know how to earn bitcoin. I don't think there is any different.

[fildza]

Cloud mining is a ponzi scheme but people keep invest because they believe about the promise profit. They wont last long, when they get lot of btc the site will shut down and run away

[BitcoinFreak12]

Cloud mining is a ponzi scheme but people keep invest because they believe about the promise profit. They wont last long, when they get lot of btc the site will shut down and run away

I heard many times that they are ponzi schemes but nobody ever proved that they are, or atleast give good arguments.

Please clarify, i`m really interested why you think they are ponzi?

I mean if you buy a contract from them, then they buy mining equipment on that money, and they give you a share % of what they earned from mining based on the % of what you invested. Sounds sustainable income to me.

Of course it works only if the BTC price wont fall any more, but it sounds legit to me, please prove that this is not the case.

[Agestorzrxx]

Cloud mining is a ponzi scheme but people keep invest because they believe about the promise profit. They wont last long, when they get lot of btc the site will shut down and run away

I heard many times that they are ponzi schemes but nobody ever proved that they are, or atleast give good arguments.

Please clarify, i`m really interested why you think they are ponzi?

I mean if you buy a contract from them, then they buy mining equipment on that money, and they give you a share % of what they earned from mining based on the % of what you invested. Sounds sustainable income to me.

Of course it works only if the BTC price wont fall any more, but it sounds legit to me, please prove that this is not the case.

i am planning to buy some cloud miner . I also want to know why is ponzi schemes.

[madmax6688]

Cloud mining is a ponzi scheme but people keep invest because they believe about the promise profit. They wont last long, when they get lot of btc the site will shut down and run away

I heard many times that they are ponzi schemes but nobody ever proved that they are, or atleast give good arguments.

Please clarify, i`m really interested why you think they are ponzi?

I mean if you buy a contract from them, then they buy mining equipment on that money, and they give you a share % of what they earned from mining based on the % of what you invested. Sounds sustainable income to me.

Of course it works only if the BTC price wont fall any more, but it sounds legit to me, please prove that this is not the case.

i am planning to buy some cloud miner . I also want to know why is ponzi schemes.

A ponzi scheme is where investors' money is used to payout early investors' profits.

They eventally collapse.

[sifter]

hello there,

-most cloud mining companies are scam.

-99% altcoins are scam

-dont trust a guy who says he can double your bitcoins in a week.

- just work for your BTC or buy BTC . thats the only safe method.


-store your hard earned BTC in a hardware wallet   :

https://bitcointalk.org/index.php?topic=899253.0



start learning. bitcoin is more than you think:

https://www.youtube.com/watch?v=O0oDDIy0P2s

Thanks you guys for your precious replies!!

But  Why in hardware wallets? Is blockchain, coinbase, etc is not safe?

It's on the internet, it's not stored with you.

so a hacker can easily steal your coins.

or

coinbase could suddenly close.

[Minnlo]

Cloud mining is a ponzi scheme but people keep invest because they believe about the promise profit. They wont last long, when they get lot of btc the site will shut down and run away

I heard many times that they are ponzi schemes but nobody ever proved that they are, or atleast give good arguments.

Please clarify, i`m really interested why you think they are ponzi?

I mean if you buy a contract from them, then they buy mining equipment on that money, and they give you a share % of what they earned from mining based on the % of what you invested. Sounds sustainable income to me.

Of course it works only if the BTC price wont fall any more, but it sounds legit to me, please prove that this is not the case.

The problem is many of the cloudmining companies never prove they are actually mining.
Puppet has done a great review on them. https://bitcointalk.org/index.php?topic=878387.0

[BitcoinFreak12]

Cloud mining is a ponzi scheme but people keep invest because they believe about the promise profit. They wont last long, when they get lot of btc the site will shut down and run away

I heard many times that they are ponzi schemes but nobody ever proved that they are, or atleast give good arguments.

Please clarify, i`m really interested why you think they are ponzi?

I mean if you buy a contract from them, then they buy mining equipment on that money, and they give you a share % of what they earned from mining based on the % of what you invested. Sounds sustainable income to me.

Of course it works only if the BTC price wont fall any more, but it sounds legit to me, please prove that this is not the case.

i am planning to buy some cloud miner . I also want to know why is ponzi schemes.

A ponzi scheme is where investors' money is used to payout early investors' profits.

They eventally collapse.

I know what it is, but this doesnt seem like a ponzi to me, if they invest the money that they gain from investors into ASIC miner equipment, then it sounds legit.

Of course it carries a risk if the BTC price drops, but other than that, if done properly i see no risk.

The problem is many of the cloudmining companies never prove they are actually mining.
Puppet has done a great review on them. https://bitcointalk.org/index.php?topic=878387.0

Ok but that doesnt mean that the cloudmining itself is a scam, it means only that certain mining companies can not be trusted, but it doesnt tell anything about whole industry as such.

The industry looks legit to me, maybe we need the companies to come forward and show us some proof that they actually mine, but other than that, i see no problem

[ranochigo]

The problem is many of the cloudmining companies never prove they are actually mining.
Puppet has done a great review on them. https://bitcointalk.org/index.php?topic=878387.0

Ok but that doesnt mean that the cloudmining itself is a scam, it means only that certain mining companies can not be trusted, but it doesnt tell anything about whole industry as such.

The industry looks legit to me, maybe we need the companies to come forward and show us some proof that they actually mine, but other than that, i see no problem

The problem is alot of people dont bother about the legitmacy of the company and just invest in the company due to the promised profits. Even with proofs like pictures, mining stats, etc. They can still be a ponzi as they can be faked. Even if they are real, there are no promises that the company will not run away when alot of people have invested in the company.

[BitcoinFreak12]

The problem is many of the cloudmining companies never prove they are actually mining.
Puppet has done a great review on them. https://bitcointalk.org/index.php?topic=878387.0

Ok but that doesnt mean that the cloudmining itself is a scam, it means only that certain mining companies can not be trusted, but it doesnt tell anything about whole industry as such.

The industry looks legit to me, maybe we need the companies to come forward and show us some proof that they actually mine, but other than that, i see no problem

The problem is alot of people dont bother about the legitmacy of the company and just invest in the company due to the promised profits. Even with proofs like pictures, mining stats, etc. They can still be a ponzi as they can be faked. Even if they are real, there are no promises that the company will not run away when alot of people have invested in the company.

You have a point there, atleast they should give their location and phone number and other stuff to seem more legit.

[alamanjani]

You can earn from sign campaign, surfing in reddit with change tip, thats fun way to earn btc. But if you have skill you can earn from doing jobs.
[/quote]

How do you do Reddit with change tip? Is there any guide somewhere posted that you have handy?

[sgk]

Hello bitcoin masters,


I am just new to bitcoins. And want to earn some bitcoins so that I can invest somewhere in the cloud mining companies and earn some money.i started to earn bitcoins from faucets and I got frightened  by what I seen in my wallet  that was 0.07$ (my hard earned money    )  and from then I never looked at faucets. I brought 10$ worth bitcoins from my friend to invest in hashie.co but I was afraid that what will happen  if I lose them?  How will I return him?  So that I gave them back to him.

So please  guys! Help me how to earn bitcoins and suggest me better cloud mining sites where I can earn good.

Sorry if I done any mistakes because this is my first post.

Faucets are probably the worst way to earn Bitcoins.

Your account is fairly new, but still there are some signature campaigns on this firum that will rent your signature space and will pay you Bitcoins for that.
See more details in this thread:
https://bitcointalk.org/index.php?topic=615953.0;topicseen