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Author Topic: What are ways to make money from bitcoin/alt?  (Read 858 times)
manifo1d (OP)
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August 18, 2017, 03:45:25 PM
 #1

For example,

Lending

Selling online

Mining


List them here I am open to all and curious what creative ways you guys make money from this.
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August 18, 2017, 04:05:44 PM
 #2

trading is a good way for earn bitcoin. if you know well what are you buying and selling and you're in the properly situation you can achieve really big profit.

another way to earn ( but you don't need any coins) is related to signature campaign.
there are a lot of good sponsor and is quite easy get enrolled in a good one.

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August 18, 2017, 04:15:14 PM
 #3

trading is a good way for earn bitcoin. if you know well what are you buying and selling and you're in the properly situation you can achieve really big profit.

another way to earn ( but you don't need any coins) is related to signature campaign.
there are a lot of good sponsor and is quite easy get enrolled in a good one.


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August 18, 2017, 04:17:01 PM
 #4

It's all about Lending and Trading and Holding.
Lending can be as loan, investment or securities.
Trading can be buying selling or arbitrage.
And the most promising one is holding. As the supply are limited, cryptos have high tendency to rise.



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August 18, 2017, 04:33:38 PM
 #5

For example,

Lending

Selling online

Mining


List them here I am open to all and curious what creative ways you guys make money from this.

This methods aren't the unique ways to make money with Bitcoin. Mining nowadays is very expensive unless you have cheap electricity. Lending is risky way. Selling online is good if you have good needed services or goods to sell.
You can also try trading altcoins, signature campaign, doing tasks and jobs for bitcoin..


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mrcash02
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August 18, 2017, 05:56:03 PM
 #6

Buying Bitcoins, holding and selling. Let's say you invest $500 in Bitcoins, you keep holding it, then when the $500 turn into $1000 in BTCs you sell your Bitcoins and cashout your fiat money. Later, when you see there is a nice opportunity like that again to buy cheap BTC, invest more fiat and continue this process in looping, always growing your money.

It's not necessary to always achieve 100% profit, that is upon to you... Works nice and it's safer than often trading with AltCoins.

 
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August 18, 2017, 07:02:13 PM
 #7

For example,

Lending

Selling online

Mining


List them here I am open to all and curious what creative ways you guys make money from this.

Selling products for bitcoin payment would be best option. You can get the profit for selling the concern items as well as payment you receive in bitcoin will also increase everyday. Henceforth, you can invest on this any other options. Mining can provide you the profit but you should have hash rate more and higher end miner to see the profit.
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August 18, 2017, 07:06:36 PM
 #8

Why you missed trading on that list? I am in crypto trading for more than a year and making good amount of money with it. I am also investing in multiple coins during crowdfunding and holding them for atleast 6 months to get maximum profit out of it.
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August 18, 2017, 07:11:35 PM
 #9

For example,

Lending

Selling online

Mining


List them here I am open to all and curious what creative ways you guys make money from this.
You should forget about mining right now. It is totally absurd - you might be suffering loss.
You can try selling your skills online. Provide some services and accept bitcoin as payment. You can trade to make profit but will require some initial investments. With investments you have risks to take care of.

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manifo1d (OP)
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August 18, 2017, 07:20:54 PM
 #10

Why you missed trading on that list? I am in crypto trading for more than a year and making good amount of money with it. I am also investing in multiple coins during crowdfunding and holding them for atleast 6 months to get maximum profit out of it.
You need a lot of capital to get going on trading.
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August 18, 2017, 07:52:55 PM
 #11

Why you missed trading on that list? I am in crypto trading for more than a year and making good amount of money with it. I am also investing in multiple coins during crowdfunding and holding them for atleast 6 months to get maximum profit out of it.

Trading is a great way to increase your coin stash and generate some regular income. But it cannot be stressed enough: Most people will lose money from trading. It's generally understood that trading returns follow a Pareto distribution, so 80% of traders are losing money to the 20% that are profitable.

I've done well over the years, but the simple truth is that most people aren't cut out for trading. It can take a real psychological toll on you if you can't deal with the volatile swings and prospects of losing streaks. Every trader needs to be able to take repeated losses, no matter how good their system is.
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August 18, 2017, 08:02:36 PM
 #12

Selling products for bitcoin payment would be best option. You can get the profit for selling the concern items as well as payment you receive in bitcoin will also increase everyday.

That's basically what Overstock has been doing. Keeping a bit aside, which is a (relatively safe) gamble the coin will go up, so the margin is multiplied on this one sale.
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August 18, 2017, 09:48:00 PM
 #13

Selling products for bitcoin payment would be best option. You can get the profit for selling the concern items as well as payment you receive in bitcoin will also increase everyday.

That's basically what Overstock has been doing. Keeping a bit aside, which is a (relatively safe) gamble the coin will go up, so the margin is multiplied on this one sale.
It's not worth it and they'll find out when they have to pay taxes on their corporate investment. There's so much paperwork involved that they won't make a fortune on it even if the value of their coins doubles.
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August 18, 2017, 10:34:58 PM
 #14

There are many ways to earn moneyt in bitcoin and altcoin if you are holding them you can make a profit every price increase so the more you invest the more you can make profit but buying more altcoin is much risky because we don't know if the altcoin can be increase more its not the same as bitcoin tht can increase the value more like what the price today..
There are many ways to get and earn bitcoin you can also try affiliate marketing but you need to know how to promote an offer.. 
Or like other said trading its not easy to earn profit first you need to know the basic of buying low and sell high before you can start trading..

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August 18, 2017, 10:58:01 PM
 #15

For example,

Lending

Selling online

Mining


List them here I am open to all and curious what creative ways you guys make money from this.

You had said almost all the ways of making money from bitcoin and alt coins. But don't forget the most effective way to make money is by simply holding your bitcoins and this is why everyone is holding their bitcoins because of the chance to earn higher. And when the price started to climb at $5,000 that's the profit taking scenario happens.

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alva5763
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August 19, 2017, 06:15:31 AM
 #16

It depends on the amount of risk you are prepared to take. Lending can be very risky in case borrower defaults and you do not have any collateral. Trading has the risk that if you buy it may fall and take time,if ever perhaps, to recover. Arbitrage,exchanging between exchanges at different rates, can be good but fees can eat into profits. Buying new coins can again be profitable if there is strong demand.
pawanjain
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August 19, 2017, 06:58:18 AM
 #17

There are many methods to make some money from bitcoin. These are some ;
Signature campaigns
Mining
Trading
Lending
Investing
Gambling
Faucets
Renting
Selling products
These are the most common ways of earning money.
There are also other ways in which you can earn money but you will have to do research and find it out yourself.

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August 19, 2017, 07:57:28 AM
 #18

think of bitcoin as a currency like any other currency and that solves most of your unanswered questions in your mind. you can simply earn it the same way you earn money, by doing jobs. what job you do then depends on your skills and how much time you are willing to spend on it.

as for altcoins there are only two ways of making money from them and that is either mining or trading them. I prefer trading since the electricity cost of mining is high. but trading requires only your skills and an initial investment.

Only Bitcoin
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August 19, 2017, 08:01:37 AM
 #19

I think most members here use campaigns to earn profit plus trading or gambling or selling service i am planing to do campaigns and selling goods for bitcoin .

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August 19, 2017, 08:06:11 AM
 #20

Selling products for bitcoin payment would be best option. You can get the profit for selling the concern items as well as payment you receive in bitcoin will also increase everyday.

That's basically what Overstock has been doing. Keeping a bit aside, which is a (relatively safe) gamble the coin will go up, so the margin is multiplied on this one sale.

Are they really doing that? It's been years, but a long time ago I made a purchase on Overstock with Bitcoin, and I thought they processed through Coinbase. So I assumed that they were just dumping for fiat, like most merchants. I guess the CEO is a big Bitcoin supporter, so I could see them keeping a small percentage. (It would have to be small, otherwise their shareholders wouldn't like the risk)
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