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Author Topic: What is there to do with bitcoins these days ?  (Read 9217 times)
Begd1540 (OP)
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August 24, 2016, 08:46:23 AM
 #1

Besides using it as a currency it seems like its impossible to make money off of bitcoins unless you already have some serious cash , mining bitcoins is long done nd over with nd its seems like trading/exchange doesnt give you much of a profit , so im just wonding as someone just now arriving to this dead party whats there to do with bitcoin ?
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August 24, 2016, 08:52:05 AM
 #2

Besides using it as a currency it seems like its impossible to make money off of bitcoins unless you already have some serious cash , mining bitcoins is long done nd over with nd its seems like trading/exchange doesnt give you much of a profit , so im just wonding as someone just now arriving to this dead party whats there to do with bitcoin ?

Holding & waiting till the price raise over the years is probably the best option, of course, there are some other possibilities like opening a faucet etc... but It requires some investment.

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August 24, 2016, 08:53:27 AM
 #3

You can spend them, buy and sell them, save them, lend them, give them to people, gamble with them, just about anything you can do with fiat.
What were you expecting?

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August 24, 2016, 08:56:29 AM
 #4

Besides using it as a currency it seems like its impossible to make money off of bitcoins unless you already have some serious cash , mining bitcoins is long done nd over with nd its seems like trading/exchange doesnt give you much of a profit , so im just wonding as someone just now arriving to this dead party whats there to do with bitcoin ?

dead party? what the hell are you talking about?
if you are looking for a rocket to get on and go to the moon so that you can become a millionaire over night then you are in a wrong place.
bitcoin is supposed to be a currency and as long as it is working that way it is alive and kicking.

and as for the price, the hype is over and you can only expect a reasonable rise and no more huge pumps going to the moon kind of things. (although it may happen but the probability of it is dwindling as the market size increases)

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Begd1540 (OP)
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August 24, 2016, 08:59:46 AM
 #5

Im not looking to replace a job just some money on the side , I was hoping I could with the altcoin exchanges but it doesnt seem like I could make much
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August 24, 2016, 09:14:42 AM
 #6

I will continue to save bticoin I have. I can invest here. with investment in bitcoin can I benefit.
some parts of the bitcoin I have I use to buy a mobile phone vouchers.
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August 24, 2016, 09:16:06 AM
 #7

Besides using it as a currency it seems like its impossible to make money off of bitcoins unless you already have some serious cash , mining bitcoins is long done nd over with nd its seems like trading/exchange doesnt give you much of a profit , so im just wonding as someone just now arriving to this dead party whats there to do with bitcoin ?

hold your bitcoin and waiting for a good moment in high rate is a good choice to save and keep your bitcoin and if the rate is up so high, then you can sell your bitcoin. don't invest your bitcoin in cloud mining, but you can use your doge to make invest in free cloud mining. beside that i think you don't mind to keep your bitcoin as investment in long term because bitcoin itself is an investment. its just my opinion.

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August 24, 2016, 09:18:01 AM
 #8

Im not looking to replace a job just some money on the side , I was hoping I could with the altcoin exchanges but it doesnt seem like I could make much

it is still possible. whether from mining or from trading.
but for any of them you need a capital and some experience and you definitely can not jump in and start earning money.

you still can mine altcoins with a decent GPU. I am not an expert so I am not gonna get into that very much but you can check this board https://bitcointalk.org/index.php?board=160.0 and also www.coinwarz.com/ and their calculator to figure out how much profit you can make with your hashrate.

and as for trading there are many topics in the speculation for bitcoin or the Trading discussion or the speculation of altcoins boards you can check out.
also there are a lot of articles about trading available online which you can find and read about the general information about trading.
you can also use the search function of forum to find topics like this: https://bitcointalk.org/index.php?topic=1580750.0

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Begd1540 (OP)
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August 24, 2016, 09:20:58 AM
 #9

Im not looking to replace a job just some money on the side , I was hoping I could with the altcoin exchanges but it doesnt seem like I could make much

it is still possible. whether from mining or from trading.
but for any of them you need a capital and some experience and you definitely can not jump in and start earning money.

you still can mine altcoins with a decent GPU. I am not an expert so I am not gonna get into that very much but you can check this board https://bitcointalk.org/index.php?board=160.0 and also www.coinwarz.com/ and their calculator to figure out how much profit you can make with your hashrate.

and as for trading there are many topics in the speculation for bitcoin or the Trading discussion or the speculation of altcoins boards you can check out.
also there are a lot of articles about trading available online which you can find and read about the general information about trading.
you can also use the search function of forum to find topics like this: https://bitcointalk.org/index.php?topic=1580750.0

Alright thank you for leading me in the right direction !  Grin
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August 24, 2016, 09:26:10 AM
 #10

nothing much, simply just to invest...and make profit.
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August 24, 2016, 09:27:30 AM
 #11

rather than just hold and wait for prices to rise, I better do a trading to grow. so I do not get bored to wait for higher prices. also I have many bitcoin when the price has reached the highest level.

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August 24, 2016, 09:31:07 AM
 #12

Besides using it as a currency it seems like its impossible to make money off of bitcoins unless you already have some serious cash , mining bitcoins is long done nd over with nd its seems like trading/exchange doesnt give you much of a profit , so im just wonding as someone just now arriving to this dead party whats there to do with bitcoin ?
Invest in some reliable ICO of alt coins.Check the dev, concept and roadmap behind ICO and if you are satisfied,invest some of your bitcoin.Who knows your 1 btc investment today may turn into 10 or even 100 btc tomorrow

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August 24, 2016, 09:33:17 AM
 #13

Besides using it as a currency it seems like its impossible to make money off of bitcoins unless you already have some serious cash , mining bitcoins is long done nd over with nd its seems like trading/exchange doesnt give you much of a profit , so im just wonding as someone just now arriving to this dead party whats there to do with bitcoin ?
You are wrong actually trading bitcoin can make you really nice money however risk is high. Other than that bitcoin can be used in lots of store these days but depends on which country you are in. One of the great feature bitcoin have is low fee on transaction and also no any restrictions on where you can send bitcoin and where not. I think in future we will see bitcoin a way of sending remitances.
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August 24, 2016, 09:34:47 AM
 #14

Besides using it as a currency it seems like its impossible to make money off of bitcoins unless you already have some serious cash , mining bitcoins is long done nd over with nd its seems like trading/exchange doesnt give you much of a profit , so im just wonding as someone just now arriving to this dead party whats there to do with bitcoin ?

What makes you think that making money just by holding money is a normal thing? You seem to be absorbed by the fiat world, where people receive interest in order to further expand the monetary base for currency devaluation. Bitcoin doesn't pay interest, because it's a non-inflationary currency with a fixed maximum supply.

If are only interested in "making money" why did you come here? There are lots of other assets and possibilities that are suitable for your purposes. Apparently you have no interest in the concept of a decentralized currency like Bitcoin, nor do you understand the potential of it. Therefore you won't be able to profit from it. Trust me - it's better for you to go for other assets, Bitcoin won't fulfill your expectations.

ya.ya.yo!

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August 24, 2016, 09:39:39 AM
 #15

Besides using it as a currency it seems like its impossible to make money off of bitcoins unless you already have some serious cash , mining bitcoins is long done nd over with nd its seems like trading/exchange doesnt give you much of a profit , so im just wonding as someone just now arriving to this dead party whats there to do with bitcoin ?

Is that really what you think?

Open your window, breathe some fresh air and start learning some new things about bitcoin. I just want to point your statement about it's impossible to make money in bitcoin unless you already have some serious cash. It's possible mate and some discussions of it are being made throughout the forum.

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coynedterm
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August 24, 2016, 09:41:39 AM
 #16

buy and sell btc in bulk amount instead of small .
in this way , you will be able to get a better profif with very lsss 

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partysaurus
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August 24, 2016, 09:44:54 AM
 #17

Besides using it as a currency it seems like its impossible to make money off of bitcoins unless you already have some serious cash , mining bitcoins is long done nd over with nd its seems like trading/exchange doesnt give you much of a profit , so im just wonding as someone just now arriving to this dead party whats there to do with bitcoin ?

Holding & waiting till the price raise over the years is probably the best option, of course, there are some other possibilities like opening a faucet etc... but It requires some investment.


holding or using it to trade alt coins Smiley
Begd1540 (OP)
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August 24, 2016, 09:54:16 AM
 #18

Well I looked into bitcoin a couple days wanting to just let my computer make me money , but learned quite quickly GPU mining wont even pay the electricity nd it will take a lengthy period to pay off an ASIC so now im looking into Altcoin exchanges but im just skeptical about the reward vs the risk to me it seems like there is a rather low reward vs a higher risk but maybe its just because im new to this whole thing
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August 24, 2016, 10:07:24 AM
 #19

Well the really good thing about bitcoin at the moment is its ability to transfer to anywhere in the world for very little fees this is why I think it has potential but if somehow this is not the case anymore people will move onto other crypto currencies
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August 24, 2016, 10:12:42 AM
 #20

Just hold your bitcoin and when the value increase you can earn from it, i also trade and earn but it will take time atleast i do something that i know in time i can earn. it has risk but its worth it if you try. dont be negative because you wont gain anything if you have that mindset.

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