pereira4 (OP)
Legendary
 Offline
Activity: 1610
Merit: 1183
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September 14, 2015, 04:22:59 PM |
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Having a decent stack of BTC sitting on your wallet is pretty good, but im wondering if there is a way to watch that money grow off interest in the Bitcoin world. Im thinking about how can I grow my Bitcoins passively without having to do basically nothing, just like those rich fiat cunts do. Unfortunately I don't have many BTC but I don't have much free time to work parttime for extra BTC beyond posting a bit on here or what not and that pays peanuts. I do my occasional trading as well but that takes time so it doesn't count as passive income.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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gentlemand
Legendary
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Activity: 2590
Merit: 3013
Welt Am Draht
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September 15, 2015, 12:50:15 AM |
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No.
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bitbaby
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September 15, 2015, 05:44:22 AM |
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To earn any sort of interest you'd have to invest it somewhere and right now there isn't anything worthy enough to trust, all the companies which looks trustful might end up scamming after they have acquired enough funds, so my advice to you is just keep it safe and wait for the price to go up. You can try lending in the subforum but then again it is risky and one bad loan might put a real dent to your savings so far.
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nonbody
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September 15, 2015, 11:47:15 AM |
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all investment has risk, my current method is diversification, i save some and invest some. some investments are more risky than others. i think some POS coins that are stable arent a bad investment  |
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tsoPANos
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September 15, 2015, 12:28:15 PM |
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You could invest your bitcoin on a reputable site's bankroll.
Note that this still involves some short-term risk, but you will have profits in the long term with the house edge.
The only big risk is the casino being hacked, it could happen.
I recommed a well established casino with security being a priority.
I will not be giving you-advertising any names though, you will have to make your research.
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Mickeyb
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September 15, 2015, 01:53:04 PM |
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No.
Exactly this! OP don't be crazy! Don't let the greed takes you over. Hold your bitcoins in the cold storage and be happy that you have them and that nobody can scam you. There is no good and sure investment possibility in the Bitcoin space at the moment. Just many scams and ponzi schemes! Trust me! |
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Q7
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September 15, 2015, 02:02:23 PM |
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I wish there is some way as well. Just like you i have my stash sitting there doing nothing. However if you weigh the risk you would have to take to generate that some extra coins, it would still be better if you would have left it there doing nothing at all
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Amph
Legendary
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Activity: 3206
Merit: 1069
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September 16, 2015, 09:31:32 AM |
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the only way would be with mining if you have low electricity cost or if you have it free, aka steal it
you can buy 1 S7 and see how it go, but the long roi will kill your expectations
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gampher
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September 16, 2015, 09:50:41 AM |
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the only way would be with mining if you have low electricity cost or if you have it free, aka steal it
you can buy 1 S7 and see how it go, but the long roi will kill your expectations
Can also workout with the GHS ,but not that much roi but less hardwork and burden . not really anyone can steal electricity ? |
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Rude Boy
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September 16, 2015, 10:03:36 AM |
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OP, invest some bits on lending section of poloniex. But also its not recommended to leave your bits on any exchanges.
NOTE: I'm not responisble for any of your losses by this.
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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September 16, 2015, 06:34:40 PM |
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the only way would be with mining if you have low electricity cost or if you have it free, aka steal it
you can buy 1 S7 and see how it go, but the long roi will kill your expectations
Can also workout with the GHS ,but not that much roi but less hardwork and burden . not really anyone can steal electricity ? there are some college students or someone that work on a huge industry that can take their electricity and use to mine , maybe with an hidden miners inrussia i've heard that they are still doing the trick with the magnet, to have free power... |
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Erkallys
Legendary
Offline
Activity: 1120
Merit: 1001
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September 16, 2015, 06:38:08 PM |
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the only way would be with mining if you have low electricity cost or if you have it free, aka steal it
you can buy 1 S7 and see how it go, but the long roi will kill your expectations
Can also workout with the GHS ,but not that much roi but less hardwork and burden . not really anyone can steal electricity ? there are some college students or someone that work on a huge industry that can take their electricity and use to mine , maybe with an hidden miners inrussia i've heard that they are still doing the trick with the magnet, to have free power... What is the trick you're talking about ? I've never heard of. |
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rokkyroad
Legendary
Offline
Activity: 1090
Merit: 1000
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September 16, 2015, 06:57:15 PM |
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No.
Exactly this! OP don't be crazy! Don't let the greed takes you over. Hold your bitcoins in the cold storage and be happy that you have them and that nobody can scam you. There is no good and sure investment possibility in the Bitcoin space at the moment. Just many scams and ponzi schemes! Trust me! Best advice! |
" If you have to spam and shout to justify your existence then you are a shit coin." TaunSew
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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September 17, 2015, 07:09:04 AM |
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the only way would be with mining if you have low electricity cost or if you have it free, aka steal it
you can buy 1 S7 and see how it go, but the long roi will kill your expectations
Can also workout with the GHS ,but not that much roi but less hardwork and burden . not really anyone can steal electricity ? there are some college students or someone that work on a huge industry that can take their electricity and use to mine , maybe with an hidden miners inrussia i've heard that they are still doing the trick with the magnet, to have free power... What is the trick you're talking about ? I've never heard of. you put a magnet near the electricity meter, which should stop the counter to go ahead, there it will be registered that you have never consumed anything in term of electricity this is not legal at all, but in some country it still working |
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Winalunt
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September 17, 2015, 08:03:19 AM |
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the only way would be with mining if you have low electricity cost or if you have it free, aka steal it
you can buy 1 S7 and see how it go, but the long roi will kill your expectations
Can also workout with the GHS ,but not that much roi but less hardwork and burden . not really anyone can steal electricity ? there are some college students or someone that work on a huge industry that can take their electricity and use to mine , maybe with an hidden miners inrussia i've heard that they are still doing the trick with the magnet, to have free power... What is the trick you're talking about ? I've never heard of. you put a magnet near the electricity meter, which should stop the counter to go ahead, there it will be registered that you have never consumed anything in term of electricity this is not legal at all, but in some country it still working that is not soo welcoming if you are mining with a couple of miners .. and if you have a farm full of ASIC's and you do it then ,you prolly get caught by the amount of usage and the amount you are paying . |
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brituspol
Sr. Member
Offline
Activity: 458
Merit: 250
From nothing to nothing
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September 17, 2015, 08:17:12 AM |
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No, there is not legit/trusted way to get interest on your bitcoins, I have seen some sites but they turned to scam after they got enough deposit
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itod
Legendary
Offline
Activity: 1974
Merit: 1076
^ Will code for Bitcoins
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September 17, 2015, 09:35:33 AM |
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OP, invest some bits on lending section of poloniex. But also its not recommended to leave your bits on any exchanges.
NOTE: I'm not responisble for any of your losses by this.
What's an average monthly return on 1 BTC offered for lending on Poloniex? I know it depends on length of a contract, but I'm asking for someone with experience to give the estimate on average. |
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mr.relax
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September 17, 2015, 09:50:06 AM |
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YES, there is a safe way to gain interest on BTC:
Goto Bitfinex, sell your coins and gain interest on the dollars that rest there(2-30days)
Actually its around 0.016%/day(fee included), but it had been already much higher.
Whenever you need the coins, you buy them back there.
Anyway, the fee at the exchange there is very low, so you dont loose much.
If its only the interest rate , you should leave your coins/dollars at least a month.
Risk is minimal as its one of the biggest exchanges worldwide.
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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September 18, 2015, 07:07:50 AM |
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the only way would be with mining if you have low electricity cost or if you have it free, aka steal it
you can buy 1 S7 and see how it go, but the long roi will kill your expectations
Can also workout with the GHS ,but not that much roi but less hardwork and burden . not really anyone can steal electricity ? there are some college students or someone that work on a huge industry that can take their electricity and use to mine , maybe with an hidden miners inrussia i've heard that they are still doing the trick with the magnet, to have free power... What is the trick you're talking about ? I've never heard of. you put a magnet near the electricity meter, which should stop the counter to go ahead, there it will be registered that you have never consumed anything in term of electricity this is not legal at all, but in some country it still working that is not soo welcoming if you are mining with a couple of miners .. and if you have a farm full of ASIC's and you do it then ,you prolly get caught by the amount of usage and the amount you are paying . well yes, this was done by private small miners in the altcoin section, with multiple gpu , not by asic companies |
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roadbits
Legendary
Offline
Activity: 1092
Merit: 1000
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September 18, 2015, 07:16:39 AM |
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No.
Exactly this! OP don't be crazy! Don't let the greed takes you over. Hold your bitcoins in the cold storage and be happy that you have them and that nobody can scam you. There is no good and sure investment possibility in the Bitcoin space at the moment. Just many scams and ponzi schemes! Trust me! Yes your proposals are good but still you can grow your bitcoins without loosing your coins. When you lend some one with proper collateral then how one can scam you? In case if he/she don't payback then just liquidate your collateral but you make sure you get at least around 125% of collateral to safer side. I think if you follow this rule then surely no one can scam you. |
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