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Author Topic: Making money with bitcoins?  (Read 522 times)
bardi.harborow (OP)
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July 13, 2013, 02:36:57 AM
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How do you think I should go about making some money with bitcoins? As you can see (http://blockchain.info/fb/1Bardi4), my nest egg is off to a slow start. Any sugestions?  Grin
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sondosso
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July 13, 2013, 02:47:24 AM
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mine them Smiley
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July 13, 2013, 02:49:47 AM
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mine them Smiley

The above answer works for me Grin

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July 13, 2013, 03:12:51 AM
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Invest USD and get them that way
bardi.harborow (OP)
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July 13, 2013, 06:33:34 AM
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Obviously I would mine them if I could but that requires a fast GPU if not a dedicated chip these days due to the high difficulty. Also, boatase, I wanted to "make some money". I know how to buy them.
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July 13, 2013, 06:46:39 AM
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There are a few ways you can make money via Bitcoin, though it's not exclusive to Bitcoin;

Arbitrage - Regularly buy (low) and sell (high) in value Bitcoin across multiple exchanges to provide a steady profit.
Bitcoin Mining - Buy (invest) in mining gear like ASIC devices (do your research first on which) and sell your Bitcoin profits.
Bitcoin Goods - Sometimes there can be a profit in buying things in Bitcoin and selling it in your local currency or vice versa.
Bitcoin Services - Provide a service like programming (example) and invoice in Bitcoin.

These are far from everything you could do.

Point is except my 2nd example, generally speaking Bitcoins is no different than any other currency, it's about finding out what works for you and were your skills lay to make the best at it.
Also Bitcoin prices fluctuate in comparison to most currencies, so you can either see this as a risky thing, or something you can take advantage of if you know how.

Good luck.

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