Is Buying and Holding the only way?

[acpr23]

Day trade is much profitable if you have those excellent trading skills, buy at low or at dip and sell with profit even with a little profit, if you earn atleast 5-10% per day that is good enough avoid being greedy.

[1714783409]

1714783409

[1714783409]

1714783409

[1714783409]

1714783409

[1714783409]

1714783409

[1714783409]

1714783409

[soham]

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? 

Holding bitcoin is a great investment for longer term like 2-5 years. If you are looking for a short term profit, then holding bitcoin is not an option for you to make some profits. I can think of only one way for you to earn a good amount of bitcoins as per your current situation., is trading. Trading is one such method, using which you can earn unlimited.

However, to start with trading, you need to learn it first. A lot of youtube videos are available to teach you trading. Start with a small amount to become familiar with the market dynamics, then gradually increase the amount to make bigger profits. I am sure, if you start trading seriously, you won't look for any other options.

[misa999]

wow thanks so much for answers. I think I'll try day trading. Why not! I will burn myself if nothing worse..

[Activitycoin]

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? 

Yes agree with you but there are some other way also like you can do a daily trade also and you can do investment but I don’t think so that when some will keep bitcoin for a long time because bitcoin is changing his price quickly to high price just need hard work to make too much bitcoin and then sell it can give you hand which can solve your problems.

[loragean03]

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? 

mining costs a lot, so instead of mining. buy bitcoin and hold, that the very best option to choose. its not a risky move when you buy bitcoin, because after holding bitcoin for long period of time, you will got some profits from it, and im sure for that, because ive experience to buy bitcoin but its only a few amount of it, but its worth it to have this bitcoin, you can earn much as you expected.

[paolo099]

Day trade is much profitable if you have those excellent trading skills, buy at low or at dip and sell with profit even with a little profit, if you earn atleast 5-10% per day that is good enough avoid being greedy.

gaining 5/10% per day? it always depend how much are you trading and is not possible to have such gain on a daily basis with just BTC unless you're 24/7 in front of your exchanger ready to buy/sell

[xanxus.kun]

Actually buying and holding is quite good, but you have to be patient about it. If you want you can try trading, but just like every investment, trading comes with a risk, but if you're skilled or lucky enough surely you'll be rewarded big time.

[uztre29]

No, there are other ways to earn bitcoin. The first one is by trading. The second one is by participating in a logo making contest and winning it. The third one is by gambling but not advisable to do. And the last thing I know is by joining bounties or signature campaigns which is so popular here in Bitcoin Forum. Campaigns will pay you weekly or at the end of the ICO. The higher your rank, the higher your profit will be.

[pginvest]

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? 

There are several strategies that you could employ, most will depend on your level of risk tolerance and skill. I have seen some people successfully employ a tactic of say investing an amount in BTC when they perceive the price to be not too high and wait for a rise, when they get a rise of pre decided amount (taking emotion out) they sell half of their holding and then wait for a retrenchment, buy in, rinse and repeat.

Sometimes this can work, but it does require a lot of work and constantly watching.

[desi92]

If you have much fund, invest in bitcoin is better since btc price is more stable than other coin. But most likely invest in low price coin is also good. You can make profit quicker than but also has bigger risk.
O

[yndye]

There are several strategies that you could employ, most will depend on your level of risk tolerance and skill. I have seen some people successfully employ a tactic of say investing an amount in BTC when they perceive the price to be not too high and wait for a rise, when they get a rise of pre decided amount (taking emotion out) they sell half of their holding and then wait for a retrenchment, buy in, rinse and repeat.

Sometimes this can work, but it does require a lot of work and constantly watching.

Or he can choose to invest in altcoin and do the same. I have known also some that profit from altcoin trading as long as they understand what they are doing. Some altcoins go up to 2x or 3x in just span of days and if you get in before the hype then you are lucky but if you get in after the hype, then you have to hold on to your coins or cut loss. Personally, I believe that the true money is in trading because of the many opportunities you can find in it. There are others who choose to just buy and hold but as for me, I would earn (since I don't buy bitcoin), trade some and hold some.

[Mpamaegbu]

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? 

Your last sentence which I bolded should be treated as a rhetorical question because that is where the direction you seek lies. Go for cheap altcoins with rising potential. Bitcoin is overrated!

[TrueAnon]

If you're into minining you might want to take a look at the APX project
Otherwise, invest in altcoins and cash them out into Bitcoin. Note: Only your worth in Bitcoin matters so don't imitate those idiots on Twitter showing off how much they own in dollar.

[Jafri101]

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? 

Buying is good but i advise you to trade. Sell when its high and wait for its lil dump then again puchase it but check different analysis before of big traders. Also make sure if its a loss then the next invest should overcome the loss.
Best of luck

[leisha]

If you really want to be rich, try another ways other than investing on cryptocurrency. Try to start businesses, it will give you more profit other than mining or investing on cryptocurrencies. It's part of earning! You can't be rich in just a second, you'll start from nothing but soon you'll be satisfied with your profit if you work hard and find another activities or campaign that trends today. Now, if you think there's so many problem you encounter with bitcoin then stop it already.

[shesheboy]

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin?  

yes you can and thats why there is called trading , for you to buy other cheap coins that is not popular compared to bitcoin but most of them can pump and you can make much profit just like in bitcoins. although there are still times that bitcoins value will drop hard and thats the perfect time to buy it. so i guess you better watch and keep an eye on the market oftenly to know whats happening and be updated on their prices if your on to investing or trading.

[kriticko29]

Buying and holding isn't the only way to earn bitcoin. You can also earn by means of trading. If you take riskIf you are a risk taker then the probability of you becoming a successful bitcoiner is very high. You might lost some but you'll earn a lot by trading.

[8Habits]

Buying and holding isn't the only way to earn bitcoin. You can also earn by means of trading. If you take riskIf you are a risk taker then the probability of you becoming a successful bitcoiner is very high. You might lost some but you'll earn a lot by trading.

Trading is really one of the best ways to grow and accumulate more coins with a reminder that you need to make your homework first before even going to make your first trade. It is not enough to just make a trade and wait that you will going to win, you need to study the market and its news and then position your self in an ideal price point with pre-planned exit sale.

[Kakmakr]

It was a good call to stop Bitcoin mining, now you can focus on something more profitable. Sell your Antminer and buy some bitcoin with the money you received from that sale. There will be people who live in areas with cheaper electricity, who will still be able to make a profit from that. Sell the BTC when the price is high and buy bitcoins when the price is low.

This way you will make a lot more money than $300 a year. ^smile^

[Krishan_94]

mining is complex.. better first try trading in bittrex,,