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Author Topic: Crypto reinvestment without withdrawing fiat currency  (Read 417 times)
Kevin77
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January 18, 2019, 03:51:53 PM
 #21

Staking ? I mean that is the best crypto reinvesment you can do with the crypto you have without withdrawing to fiat.

You can buy as much ethereum as you can right now and when the staking starts than you can continue making money with your crypto without ever going to fiat. I think staking is the best interest rate you can find considering your money will be making you money but at the same time your money will get higher in value as well when the bull comes.

Same logic applies to masternodes as well, you can buy dash masternode for cheap now (compared to last year) and with the masternode you have you can make a decent return while your money also gets higher in value.

I have tried all those gambler websites and invested into them, I have tried cryptokitties and whatever as well, the idea is great but execution lacks in those things. If the cryptokitties were scarce they could have been valuable but they are totally worthless since not enough people are interested in them.
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January 18, 2019, 03:53:27 PM
 #22

Flipping cryptocurrencies is not new in the market but in some cases, if cryptocurrency is recognised in the jurisdiction of your area and if it is eligible for taxation then you have to pay taxes on the same even if you are not converting it into the fiat currency. This is normal in domestic investment flipping but while doing it in crypto attracts different treatment as per the laws of that country. There are some countries where crypto is not yet recognised so investors can do unlimited revisions to their crypto investment before cashing out into fiat currency and pay taxes on the gains on the final amount.
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January 18, 2019, 05:27:20 PM
 #23

The best way to get more crypto is claiming airdrops and giveaways. Basically these were in the last years like faucets in 2011 and 2012. If you had BTC and ETH since 2017, you had a chance to claim literally dozens of different coins for free. 1BTC, worth a thousand dollars at a time, gave its holder free coins worth more than that, while at the same time rising in value. I always tell people who are trying to scalp a few dollars in trading that they fail to see the big picture. Even if they weren't doing anything and just spent 30 minutes a day checking and claiming upcoming airdrops, their profits would be much higher.

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January 18, 2019, 06:46:38 PM
 #24

Reinvesting without withdrawal to fiat is the way that is usually done when they feel the market will crash or when a crash happen, usually they sell and buy switch to other coins from the sale. This method in my opinion is quite risky because we will not know how potential the coin is, and for gambling I'm sure not everyone will be willing to take greater risks when they are in a mess.

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January 19, 2019, 06:57:43 AM
 #25

I dont have experience on site you mention. I am using reinvestment to others crypto but only on top 100 coinmarketcap. Selling coin that i think growing slow with good altcoin with good product like NEO, Wanchain or Ethereum. I am prefer holding popular coin with big liquidity

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January 19, 2019, 07:38:18 AM
 #26

There's a whole board here for investing using Bitcoin: https://bitcointalk.org/index.php?board=78.0

I even had a positive experience there when I bought shares of some online game and sold them later at x10 higher price. However, that board is probably filled with scams and shady deals, since moderators don't remove potential scams. You should always keep in mind that everything crypto is plagued with scams because it's anonymous, unregulated and there's no chargebacks and intermediaries.

IMO casino investment is the safest method out of all the well-known methods. However, it's not hugely profitable compared to crypto gains, I've got somewhere around 8% per year on average. You decide if its worth the risk of trusting casino owners with your coins.

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January 19, 2019, 08:19:42 AM
 #27

I am now feeling really wary of so-called gambling and investment sites right now. So many that enter this space either just want quick gains or are so desperate to make fast money because they have no other jobs or income, that in the end, they lose it all. I am getting sick of being scammed left, right and center, either by dodgy projects or shady websites and on top of that either getting spammed or hacked by this nasty person or another. It's about time this space really got cleaned up and we had some better things coming to create proper revenue for everyone and jobs so people can work and earn a decent living. I could live off of bounties before as well but now hardly earn enough for my internet cost.

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January 19, 2019, 08:33:41 AM
 #28

There are several ways to reinvest crypto to earn more crypto. Here are some examples:
Breeding: cryptokitties, fishbank, etc.
Resale: openbazaar, landhodler, etc.
Gambling: bitstars, mbit, betcoin and others.

Has anyone had experience with these sites? Are there other examples of reinvestment?

How can you define gambling as a way of investment? I think it is just a way of entertaining yourself and you will eventually lose your money because the house always wins. Maybe this will push you to lose more funds if you try to recover your initial "Investment".


Any investment is a gamble itself. We always don't know if that investment will give returns or just diminishing until nothing is left specially, cryptocurrency. Unlike any other investment that you have tangible papers you own and have value, cryptocurrencies on the other hand missing those things making it a gamble everytime you invest into it.
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January 19, 2019, 08:47:28 AM
 #29

There are several ways to reinvest crypto to earn more crypto. Here are some examples:
Breeding: cryptokitties, fishbank, etc.
Resale: openbazaar, landhodler, etc.
Gambling: bitstars, mbit, betcoin and others.

Has anyone had experience with these sites? Are there other examples of reinvestment?
gambling is not considered a way of investing, it is just a way to make money based on your luck. In addition, gambling has never helped us become rich. Please remove it. About Breeding, I have no experience with it. To me, i will choose resale.

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January 19, 2019, 09:55:36 AM
 #30

I'm a little bit confused. So are you saying that there are other ways of investing money to gambling sites except from the usual set up of bringing some money and try to push your luck in their games? How?
Yes, what he said is correct. You can look for casino's who offers bankroll investment like bitvest since you are part of their campaign. They offer investment, you just need to understand the rules that they implement when it regards to the return/profit.

Ah I see. Thanks for the info, probably I will be interested on that if I found out that they accept even small amounts only because that's what I can afford only.
There are certain minimum investment that you can put depending on the casino that you're interested with. Just go to the casino's website that you are interested with and read all the terms.

You should be keen before investing because returns on bankroll investment isn't so quick, it's good for someone who has bigger view in the long term and understands on how the casino's earn and its investors.

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January 20, 2019, 10:59:04 AM
 #31

There are many examples of reinvestment.I'll have to spend the whole day writing all the reinvestment examples.In this situation, do what you think is right for profit.Over the past 3 months, I personally reinvested in the XYO project.I am sure that this step on my part will be the right one.

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January 22, 2019, 01:56:45 PM
 #32

There are several ways to reinvest crypto to earn more crypto. Here are some examples:
Breeding: cryptokitties, fishbank, etc.
Resale: openbazaar, landhodler, etc.
Gambling: bitstars, mbit, betcoin and others.

Has anyone had experience with these sites? Are there other examples of reinvestment?

Have you invested in cryptos that pay dividends? While ICO market in 2019 RIP it's a great opportunity IMO. Here is the list of the top paying cryptos in terms of dividend ROI https://cryptodividend.io
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January 22, 2019, 03:17:52 PM
 #33

I don't have experience about your mention site, because I dislike about gambling and never make investing at gambling website, where many people always like for investing at gambling but they have lost much money.

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January 22, 2019, 03:46:17 PM
 #34

Gambling: bitstars, mbit, betcoin and others.
When calling gambling as an investment it seems wrong because profits are not proportional to the capital that comes out. And for crypto does not affect fiat when exchanged for other coins.
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January 22, 2019, 04:03:06 PM
 #35

Gambling: bitstars, mbit, betcoin and others.
When calling gambling as an investment it seems wrong because profits are not proportional to the capital that comes out.

The word investment has a different meaning . whether you buy , lend money onto something , etc ... That can still be considered as investing and the profit that you get does not really matter . small or big as long as you earn something then thats not bad at all  .

Now , crypto investment without withdrawal to fiat can also be possible . you can opt and choose to convert your cryptos into some stable coins like usdt ( tether )  , so that you can secure the value if ever you feel uncomfortable in the situation .
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January 27, 2019, 09:49:47 AM
 #36

i would consider holding development coins in binance is one of the best investment instead of trying all variety of investment in uncertain crypto investment may lose money
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January 27, 2019, 10:17:24 AM
 #37

Gambling: bitstars, mbit, betcoin and others.
When calling gambling as an investment it seems wrong because profits are not proportional to the capital that comes out.

The word investment has a different meaning . whether you buy , lend money onto something , etc ... That can still be considered as investing and the profit that you get does not really matter . small or big as long as you earn something then thats not bad at all  .

Now , crypto investment without withdrawal to fiat can also be possible . you can opt and choose to convert your cryptos into some stable coins like usdt ( tether )  , so that you can secure the value if ever you feel uncomfortable in the situation .

right, with usdt received on all existing exchanges, the value remains stable, because volatile is not like cryptocurrency, and I think it will be more efficient than we withdraw in fiat form, of course this is related to the amount of fees. I think it is an effective way where our money can be directly used for reinvestment

           
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January 27, 2019, 12:51:37 PM
 #38

I am not interested in gambling, I have never done gambling in any field. this information may be useful for those involved in gambling.
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January 27, 2019, 02:21:52 PM
 #39

 Absolutely yes, no need using Fiat money to reinvest you can use your existence crypto currency coins or token just  convert and invest it .
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January 27, 2019, 03:09:24 PM
 #40

I guess you have missed staking. Staking is a great way of reinvesting crypto to earn more crypto. I do not understand why you haven't included trading while it is the most important way of reinvesting crypto.
Mining can also be treated as way of reinvestment to earn more crypto. Although we have to do a little bit of hard work here in maintaining the equipment but it is a good way of earning a variety of cryptocurrencies.



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