If you had $150 of Bitcoins what method would you use to increase it?

[Arkazle]

Hey all,

Lets look at the scenario:

You have just been sent around 0.5 BTC by your friend (I haven't). Your job is to increase your wallet stack...how would you go about investing/gaining your funds in the short term.

Please don't comment "Hold on to your bitcoins and wait" thats boring.

Examples:

- Would you dice/satoshi mine some of your coins for profit?
- Faucet for a few cents?
- Buy altcoins (For a couple days and trade if the satoshi price goes up?

Let me know what you would do!

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[Aki4real]

What's the holders risk appetite?

If I look at the things you've said, it's someone who likes to "gamble"... I'd take my chances with some decent altcoins.
Spread out portfolio and wait, or try daytrading.

[everaja]

Will suggest you to buy Altcoins or Gamble carefully !
both the above two require high attention and often people regret but they are really good for making fast money .

[DarkHyudrA]

Well the best you can do is daily trading, but that isn't for the common guy.
If money was easy, everybody would be rich and then nobody would be rich, remember that.

Gamble carefully

There's no such thing as gamble carefully. Gambling was made to the owner of the "casino" to win money, not you. Most people only lose from it.

[Slunt]

Well I would take the boring route and hold it, but if I had to do something with it I'd put it on an exchnage and sell it when it's high and buy back when its low.

[GiocareHost]

I would never gamble with them.You will end up loosing them all.
Cash them out or buy some altcoins.

[apriyani420]

Will suggest you to buy Altcoins or Gamble carefully !
both the above two require high attention and often people regret but they are really good for making fast money .

i think these are the best ways to reduce your bitcoins not grow it

i would recommend to buy potential activity forum accounts post a little bit and then sell it for bigger price

[LFC_Bitcoin]

I'd advise you (or the person in your scenario) to HODL. Yeah it's boring but it's less risky than trading or gambling imo. The price is pretty low imo, this time next year a HODLERS stash will be worth more than it is today therefore HODLING is a good way to increase your bitcoin worth.

[Amph]

if i could follow another way, this would be to invest my time instead it would be better, i prefer to not touch money to generate other money, to minimize any risk, especially if you're not a prob in traading or poker if you want

gambling is even worse and i do not like it at all, faucets would be a good option if you can code a bot that resolve catpcha for you using website with their api

the last option remain mining altcoin(maybe some instamine is still possible you need to look for it), because mining bitcoin is less feasible due to high hashrate that you need to earn soemthing decent

[manselr]

Well the best you can do is daily trading, but that isn't for the common guy.
If money was easy, everybody would be rich and then nobody would be rich, remember that.

Gamble carefully

There's no such thing as gamble carefully. Gambling was made to the owner of the "casino" to win money, not you. Most people only lose from it.

You could limit yourself to certain losses monthly, thats "carefully gambling" but true, there's no way to realistically be careful about gambling.

OP your only chances to make more money off already existing money is probably trading, buying cheap, selling later. Pick your alts and go for it. This is within itself gambling, but if you pick the right coins after some research you may make some money.

You can also try lending money, but I have no idea how this works yet. Everyone talks about BTCJam but a lot of people say they lost money, so this also feels like a gamble..

[Sarthak]

- Would you dice/satoshi mine some of your coins for profit?

-> This is the worst choice! You won't increase your money but decrease that $150 to $0!

- Faucet for a few cents?

-> Faucets aren't worth the time spent on them!

- Buy altcoins (For a couple days and trade if the satoshi price goes up?)

-> This is the best alternative! If chances are any altcoin might hit the bittrex market make sure you buy that coin at yobit because later you can sell it at much higher price in bittrex if it goes to bittrex

[sandy47bt]

Bitcoin or altcoin trading would be the best option here
Gambling or loan bitcoin could give you decent profit, but it's too dangerous

Faucet, Ponzi, HYIP & "investment" are out of question

[sukamasoto]

Mostly , I will buy some altcoin and trade for it everyday.
But sometimes luck can be happen for certain people, so there are might a chance to get profit from gambling

[barsbars]

1. Doing faucet/signature
2. Try to re-invest in another altcoins
3. Sell something to earn BTC

[odolvlobo]

I would get a job and buy more bitcoins with the money I earn.

[anderson00673]

Don't gamble, chances are against you.  You want something where the ods are in your favor.  

If you want to trade alt coins for profit, I strongly suggest paper trading for a week or two.  But that isnt really the same thing as actually trading, but it should give you a general idea.  Is it possible to make money alt coin trading?  Yeah, but many people get burned so I can't recommend it as a sure way to make money.  Read the forums in the alt coin section, and whatever you do stay away from ico's until you know what you are doing.

You can also look in to hashnest if you want, it is the best paying legit cloud miner that I know of.  Most of the other cloud miners are supposed to be ponzis, so be careful.

Other than that, yeah hold it and buy more as you can afford to would be my suggestion.  I think btc is on the rise, so investing fiat into it should be a good way to increase your wealth, even if you are not actually increasing your amount of btc.

[sana9821]

my suggestion would be to invest in gambling websites to earn small profits or to do altcoin trading, though it can be really risky as it is like pure gambling, i personally would just keep it safe in my wallet

[Arkazle]

Thanks for the responses everyone I appreciate it. My story:

Yesterday I bought 0.1 bitcoins and lost 1/3rd of the BTC playing Satoshi Mines (a stupid idea).

I then thought I'd have a go at PrimeDice with some of the remaining BTC and made a silly strategy which really only worked when I used VPN and kept changing the seed. Luckily I turned $5 into another 0.1, from there I deposited an additional $7 and generated a grand total of 0.333 BTC.

I woke up this morning in excitement ready to play again and make a whole 1 BTC (ridiculous). I have lost $25 today on dicing and now have around 0.25 BTC left.

DICE IF YOU CAN AFFORD TOO!

[Snorek]

Examples:

- Would you dice/satoshi mine some of your coins for profit?

¤ You can't win in the long run. You can win some games but if you think you could earn more money from gambling than you invest in - you are wrong.

- Faucet for a few cents?

¤ As you said - faucets - at bes can give you only a few cents. If you spent lifetime leaching hundreds of them you won't get anything.

- Buy altcoins (For a couple days and trade if the satoshi price goes up?

¤ Actually this a valid suggestion. Trading of altcoin or day trading, arbitrage etc. are the best way to earn additional coins.
Of course you have to know what you are doing first. It is not as simple as clicking 'roll on a dice site.

[1000000]

Hold on to your bitcoins and wait