What is a better way to acquire bitcoins?

[Marcus55634]

As I understand, there are two ways to do this - mining bitcoins and buying them from exchange.

What are the pros and cons of each of these actions? And which would be a better way to acquire them?

[OmegaStarScream]

For the average user, buying them would be the best and easiest way.

Mining requires a lot of investment as you can no longer mine with your computer and even then, it may not be profitable (depends on the electricity costs in your country).

[mk4]

The only way who can decide is you. We have zero idea on your knowledge and your current financial situation.

If you think bitcoin is going to rise soon or if you're willing to hold on to it for while, then simply buy. If you want a sort of business instead, then go with mining. It's not exactly the same, but it's like asking us if it's better to get a job or to start a business; whereas only you can actually know what's better for you.

[OgNasty]

You could also try earning them by providing a service or selling goods for BTC.

[septi.JR]

I think mining is very difficult at the moment, because you need substantial funds, one of the best ways to have bitcoin by buying on the market, all depends on the funds you have

[CryptoBry]

In 2017, there were many ways one can be able to ahve some Bitcoin. I know that at that time the ICO projects amde big headlines and joining their bounty promotions and then later on exchange the tokens/coins for Bitcoin can be easier...those where the exciting times to get into Bitcoin and we usually just use the time and some ahrd work to gain some. Nowadays, the best way to get Bitcoin is to buy them and since we are still in the dip then today can be the best time to just hold except if one is more inclined to be trading cryptocurrency which is also another option one can use to grow more Bitcoin and money in this industry.

[alisafidel58]

A better way to acquire bitcoin is to buy them at the exchange. Mining seems off for you as a start and would require you a pretty large amount of money, so that you could get a chance to mine bitcoin.

Mining are for millionaires who has a built/rented whole factory building just for the sole purpose of mining bitcoin, electricity consumption add it to your expenses. Just think about the expenses they made just to mine bitcoin. Now if you are this type of guy who`s rich then go mining.

But if you just an average person without that much money then, buying seems the right choice for you.

[slocker]

Hard is to get bitcoin now days. Mining represent basic of getting it but at the moment its not good I mean not profitable. What else buy/sell good option at the moment price is stable and can be good if you have some extra to get some coins. Signatures/bounties here on forum. Good source and profit is measured by your rank, higher the rank higher the profit, this on signatures. Bounties are 50-50 some end up good other no matter if you get tokens on you mew end up as dead project cuz they never see light of exchanges.

[Ezenwanyi1]

Mining of bitcoin is not as easy as people are meant to believe.
It is actually a daunting task which requires a lot of expertise , equipments and money.
On the hand, as easy as investing on bitcoin may appear, it has its risks too.
Personally, I will go for bitcoin investment.

[Bitinity]

As I understand, there are two ways to do this - mining bitcoins and buying them from exchange.

Basically there are some other ways to acquire or to earn bitcoin such as:
- Faucet : it gives you small amount of money by solving captcha (not recommended as it is wasting time imo)
- Pay to Click sites : Almost similar to faucet, it does not really worth the time you spend.
- Affiliate program : There are many bitcoin services offers affiliate program, you may earn good amount of money if you are able to gain many referrals (active). The most profitable affiliate program is from gambling site imo.
- Sell things/services for BTC: You can earn btc offering your skills (if any)
- Bounties/campaign : it is the best way to earn bitcoin imo, but you need to build up your account first.

As I understand, there are two ways to do this - mining bitcoins and buying them from exchange.

What are the pros and cons of each of these actions? And which would be a better way to acquire them?

Mining requires you a lot of money to start, you need to buy mining hardware which is not cheap these days. On other sides, mining may not be profitable if the electricity cost in your region is expensive.
Buying from the exchange is indeed the easiest way to acquire bitcoin, surely you need to have some money to buy it and dont forget to choose the most trusted exchange once you want to buy bitcoin.
Trading can be another way to earn bitcoin. It requires a good knowledge and trading skills in order to make profit, you need some money to start obviously.

Which one is better? It depends on your own passion, which one is the most suitable with your own condition. It is basically subjective question, so you should know what is best one for yourself.

[emberbekas]

As I understand, there are two ways to do this - mining bitcoins and buying them from exchange.

What are the pros and cons of each of these actions? And which would be a better way to acquire them?

Mining bitcoin individually will certainly require a lot of money and effort. Not to mention the time that must be used which can be considered relatively long. Buying it from an exchange is a simple way to get bitcoin. We only need a little patience to get profit afterwards.

[jak3]

I think there are a lot of ways to earn bitcoins instead of buying them. if you can do hard work and do not have money to spend then its not the dead end for you. You can work for someone and they will pay you coins for your work. If you have already bought some bitcoin then you can grow them even more by trading or lending. just stay away from hypes and scams.

[traderethereum]

I suggest you buy bitcoin and don't mining bitcoin because it does not give you a big reward if you don't have big power. You don't need to buy 1 bitcoin directly, but you can buy a small part of bitcoin. And if you only have $100 to start, you can buy bitcoin in many ways so you can use that bitcoin for trading or saving for a long time.

[mindrust]

Just buy them.

Mining is too much work and the returns are not good enough.

Mining has died after ASICs came out.

[mk4]

Mining is too much work and the returns are not good enough.

Mining has died after ASICs came out.

True. Profitability for GPU miners dropped when ASICs came out. But a decent workaround(if you only have profitability in mind) is you can mine certain altcoins(regardless if shitcoin or not) using the GPUs, then simply sell those altcoins for bitcoin after a certain time period.

[cizatext]

It depends on your determination and zeal because both mining and buying of bitcoin are the same if your pursue is one just to own bitcoin, but bitcoin mining come with high technicality and at that not every one can get involve in mining but one can easily buy bitcoin and hold it for long term goal's.

[richminded]

As I understand, there are two ways to do this - mining bitcoins and buying them from exchange.

What are the pros and cons of each of these actions? And which would be a better way to acquire them?

Trading and mining is the common way to gain bitcoin but aside from this, you can earn it through signature campaign that i think most of the investors don’t know yet. There’s a pros and cons for every investment, in trading you have to learn everything and in mining you need to invest into good equipment so its all up to you but if you want an investment free, go for signature campaign thay pays through bitcoin.

[eann014]

As I understand, there are two ways to do this - mining bitcoins and buying them from exchange.

What are the pros and cons of each of these actions? And which would be a better way to acquire them?

Mining of bitcoin is just good if you have free electricity or it can also good if you can have low cost of electricity will do. Buying them from exchange for me is better option to earn it.

[Windly]

Mining would cost yoiu so much money and you need the skill of setting up, its easier just to buy bitcoin from an exchange and hold it for a profit

[Cekalt]

Mining would cost yoiu so much money and you need the skill of setting up, its easier just to buy bitcoin from an exchange and hold it for a profit

Agreed mining costs a lot in money to buy all the equipment so you would be better off putting that money into bitcoin.