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Author Topic: What area of bitcoin participation is easiest to work with?  (Read 641 times)
Finestream
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September 06, 2020, 10:09:17 PM
 #41

I have seen bounty hunter doing well, I have also seen people who do not participate in bounty and are making it well with trading alone, but I have never seen anyone around me being involved in mining, I learnt mining is more risky and cannot just be done alone, and if you even attempt it probably with your android, you may end up wasting your time and not even making it as the traders and hunters. It tend to take a massive effort to be successful in mining, you need good electricity,good mining wallet, computer with good capacity, and some other gadgets.
Mining is not anymore for an everage joe, it has already taken by the big miners as they have good equipment and they can invest on it.
We are not in the early stage where a small specs of computer can still mind bitcoin, things has change, this is already the game for the big boys.

On the other hand, if you are thinking of trading, you also need to invest a capital for your regular trade, there's a risk and with lack of knowledge and skills, you will still fall. However, one can learn and improve his skills in trading, so it's always possible to succeed as long as you know and you take the risk.


Considering all this, which of all the participation do you see as least demanding and easiest?

Bounty hunting is the easiest though as you don't risk any bitcoin here, but I don't think it's good idea to focus on it if you want to make a decent amount fo money, probably trading should be the best choice, but it's never easy.

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September 06, 2020, 10:49:29 PM
 #42

The only way to earn bitcoin without risking too much from the examples you stated is bounty hunting. You only risk to waste your time and energy promoting projects that most likely will die before even reaching an exchange.

Regarding mining, it's not as easy as it may sounds. Lately, mining become costly and not that profitable.
You practically will earn ~0$ by mining using a smartphone or even a high spec computer so better forget about this idea.

Trading, in the other hand, can be very profitable if you have the right skills.
Well mate i think time is the most precious thing all above! So yeah i think you need to re-check your logic over there. Better to risk and waste a couple bucks in order to giving a shot , making experiments on some mining rig or join a PoS coins to stake there and see what's the outcome to your portfolio rather than just go full hunting for bounty and then get nothing in return for the possibly worst scenario. I don't know man , everything has a risk so just go with it .
Go for trade, bounty hunting, mining, staking etc just do it all at once.

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September 06, 2020, 10:52:35 PM
 #43

Considering all this, which of all the participation do you see as least demanding and easiest?

There's no easiest. Every work needs effort. It's like earning fiat money.

If you have the skills to offer, try to post it on the Service section of the forum. What are these skills? Mainly office-related skills, photoshop, image-related modification, programmer, etc. Or if no demand, offer it outside crypto and accept fiat payments instead.

You can also consider understanding the art of doing trades. It will take time to learn it but if you are serious, shouldn't be that difficult to understand the basics.
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September 06, 2020, 10:56:36 PM
 #44

What are you talking about OP asking for aside from mining what is the best way to earn?

If that so hmm. I think for me one of the best ways to work with bitcoin is trading yes this is hard but for me, this is the easiest to earn because I don't have enough knowledge right now with the use of mining in some cause

The electricity cost is high in my country.
I don't have enough computers for mining.
Does not have a good internet connection too.

Those are the common factors only and also I have some sort of knowledge regarding trading so there is a chance that I can earn more with this also I read a lot of sources and information how to good at trading also I have experienced too.


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September 06, 2020, 10:58:22 PM
 #45

I have seen bounty hunter doing well, I have also seen people who do not participate in bounty and are making it well with trading alone, but I have never seen anyone around me being involved in mining, I learnt mining is more risky and cannot just be done alone, and if you even attempt it probably with your android, you may end up wasting your time and not even making it as the traders and hunters. It tend to take a massive effort to be successful in mining, you need good electricity,good mining wallet, computer with good capacity, and some other gadgets. Considering all this, which of all the participation do you see as least demanding and easiest?
When it comes to mining then I don't see for good pc and gadgets would be relevant since you can only mind using up;

-GPU
-ASICs

and theres no other machines which are capable on mining efficiently.Mining might or might not be profitable basing of on electricity cost on a certain place
and also this is an expensive venture this is why it isn't really that common for someone to consider out this field.

There are lots of ways on earning profit but people do find the best things that do suit them according to their skills and into their likes.

R


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September 06, 2020, 10:59:00 PM
 #46

I have seen bounty hunter doing well, I have also seen people who do not participate in bounty and are making it well with trading alone, but I have never seen anyone around me being involved in mining, I learnt mining is more risky and cannot just be done alone, and if you even attempt it probably with your android, you may end up wasting your time and not even making it as the traders and hunters. It tend to take a massive effort to be successful in mining, you need good electricity,good mining wallet, computer with good capacity, and some other gadgets. Considering all this, which of all the participation do you see as least demanding and easiest?

Well, if you didn't participate in the earlier mining years of bitcoin, you will be really having a hard time. As time progresses, mining is getting harder and harder. If you want to earn bitcoin, invest in some good altcoins, if it has a good price you could trade them to bitcoin but take note, timing is important. If you have the money to start you could invest in bitcoin and just keep on holding.

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September 06, 2020, 11:20:32 PM
 #47

...but I have never seen anyone around me being involved in mining, I learnt mining is more risky and cannot just be done alone, and if you even attempt it probably with your android, you may end up wasting your time and not even making it as the traders and hunters. It tend to take a massive effort to be successful in mining, you need good electricity,good mining wallet, computer with good capacity, and some other gadgets. Considering all this, which of all the participation do you see as least demanding and easiest?

Because mining today is only for those who have a strong dedication to established a good mining setup despite difficulties and challenges and willing to spend a decent amount of money only on that big purpose.

As for crypto-related works, it's really tough to look for it nowadays. But to acquire bitcoin, it doesn't limit you to just work and be paid in crypto as you can also buy it thru your precious fiat.

Do you have a day job? Focus on saving money out from your source of income then used some of it to purchase bitcoin then from there, up to you if you will just hodl it or deal it with trades. Slowly but surely, you will able to have good numbers of BTC in the process.

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September 06, 2020, 11:46:11 PM
 #48

If you compare yourself to others you will always feel as if other people are doing better than you. It's human nature to feel this way.

As far as mining goes you can still profit if you can get miners before everyone else or if you get the first or second batches. You could also buy second-hand miners and still make a profit. I have seen some second-hand ones go for a good price. My biggest issue with mining is that each unit to very expensive. At least $500 or so for smaller miners. What if it should stop working? It's not like other things, bitcoin miners are time-sensitive so every second you are not mining you are losing out. It is a pity only people with a lot of money can mine. That wasn't satoshi's vision.
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September 07, 2020, 02:00:20 AM
 #49

but I have never seen anyone around me being involved in mining, I learnt mining is more risky and cannot just be done alone,
I missed this part,what does it mean of "Cannot just be Done alone'?

you can mine how many as you can afford.

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and if you even attempt it probably with your android, you may end up wasting your time
You have reached senior account and being here for years yet don't have good idea about this stupid Mobile mining?
sad to hear that .
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Considering all this, which of all the participation do you see as least demanding and easiest?
Buying and HOLDING,thats the easiest and less demanding.
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September 07, 2020, 10:32:50 AM
 #50

Only a few people got an interest in mining because of huge expenses and we know that not all don't have such capability to fund it. And besides, it is not only about huge expenses but the risk lying on it in the mining industry.

Of course, why I should have to struggle that much since I know my self that it can't and I don't feel that it work for me. That makes us decide into the thing that we see a low risk and we know that we can make a profit without risking a huge amount of money. If that only buy and sell strategy gets your comfort, then you shouldn't have to push yourself to step up.



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so98nn
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September 07, 2020, 10:51:19 AM
 #51

I am against the bounties and no hard feelings for those who are involved with it.

In my opinion providing your own services could be best way to earn decent amount of passive income on the crypto platform. Considering bitcointalk forum people are earning from design services to artworks as well. If you have any real life skill you just present it here and you are good to go for bucks of earning daily.

Mining is good option when you do it with future perspective. If you think you gonna end up with ROI within few months then its not for you. I started mining with rx580 for ETH coin and after 3 and half years I have reached my ROI since ETH mining difficulty rose drastically.

So, there are plenty ways to portray this field, go with your grudge!
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September 07, 2020, 11:56:57 AM
 #52

I haven’t tried mining for a very long time because of a lot of tools to be considered and expenses also. I prefer doing imo in trading coins to earn as long you know when to do trades. In bounty, you may search the very most legit to join but take note a lot of scam projects and not paying those bounty hunters anyway all are risks. You just have to do some research which is best fits and works for you.
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September 07, 2020, 05:52:41 PM
 #53

Same thing as me, I have never seen anyone around me that is doing mining, and from what I have come to understand these days, to become a miner is not easy and things even got more difficult after this last Halving. Mining is mainly meant for people who have a huge finance that is well enough to open a mining farm and also enough to carry the expenses that comes with it.

Also you have to be someone in a location with cheaper electricity, if it’s not that way, then you’re not going to achieve something through mining. At the very beginning it used to be mining buying a miner and mining with their computer, but things have changed and it does not work that way any longer. As for signature campaigns, it’s quite easy and anyone can go for it.
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September 07, 2020, 09:21:49 PM
 #54

I have seen bounty hunter doing well, I have also seen people who do not participate in bounty and are making it well with trading alone, but I have never seen anyone around me being involved in mining, I learnt mining is more risky and cannot just be done alone, and if you even attempt it probably with your android, you may end up wasting your time and not even making it as the traders and hunters. It tend to take a massive effort to be successful in mining, you need good electricity,good mining wallet, computer with good capacity, and some other gadgets. Considering all this, which of all the participation do you see as least demanding and easiest?

One of the easiest way to earn Bitcoin is by joining campaigns that will give a weekly payout BUT that would seem hard since it might take a lot of time weekly. Joining Alternate Cryptocurrencies campaign would be better since you can always expect a sudden surge in value of Alternate Cryptos. Trading can be easy but that requires experience so I guess the easiest way is by faucets and mining.

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September 07, 2020, 11:43:38 PM
 #55

The money that you would use for mining would be better spent on buying Bitcoin and holding it as the cost of equipment and electricity isn't cheap. From what I hear mining has become harder because more people are mining and because of that less Bitcoins are found.
Investment or buying bitcoin is the easiest way to participate in cryptocurrency. Day trading too would be possible but bitcoin market is so hard to predict this is why I think it is difficult to earn in bitcoin with trading in it.

I cannot recommend bitcoin mining because there are already establish mining pool and as I read a thread abouy mining that having 1-2 GPU is not really worth it and rewarding in bitcoin mining because of these mining pools that could easily mine bitcoin due to the larger pools that could process whenever it is needed. Mining is not really recommended nowadays, Just focus on bitcoin imvestment and that is good to go.
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September 08, 2020, 04:20:33 AM
 #56

The topic is quite interesting, and there are very useful tips.
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September 08, 2020, 07:21:20 AM
 #57

We have different areas of participation that includes Bitcoin that best suits depending on our preference and source of knowledge we know about that certain area. There are users who prefer trading and investment while other that do not certainly have budget to enter such areas prefer to get into bounty hunting or participating into airdrop events to earn some profit before engaging into trading and investment. Others might be interested in mining which certainly based on their preference. We all excel on different areas that concerns Bitcoin and you must find your own self on which area you are suitable with. It might be bias to tell our preference when you do certainly have yours. Maybe for me I find trading and investment easy and profitable but for you it is not. It is really duly depending on the user himself on which areas of Bitcoin he will engage and excel. But every areas can be learned it is just that we differ on certain things that concerns our preference.

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September 08, 2020, 08:10:30 AM
 #58

I have seen bounty hunter doing well, I have also seen people who do not participate in bounty and are making it well with trading alone, but I have never seen anyone around me being involved in mining, I learnt mining is more risky and cannot just be done alone, and if you even attempt it probably with your android, you may end up wasting your time and not even making it as the traders and hunters. It tend to take a massive effort to be successful in mining, you need good electricity,good mining wallet, computer with good capacity, and some other gadgets. Considering all this, which of all the participation do you see as least demanding and easiest?
First Bounty Hunting has nothing compare with trading and Mining because the first place this has no capital but purely time and gadget and internet.
While in Trading you are risking your money and this is not as simple as we think of because so much money has been spent and loss because of trading.
same as mining because Rigs are very expensive and people tend to spend more trying to mine but in the next months or years?quitting is what have to do.
Bounty hunting is very easy just choose your project to advertise and then if lucky?you will earn but if not then find another one,thats the circle of their life.









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September 08, 2020, 01:27:56 PM
 #59

For me personally, maybe I prefer to participate with bounties or become a trader, but being a trader is not as easy as you think it all requires special skills to see the trading chart of how Altcoin will succeed in the future. So in essence I recommend that if you want an easy and non-demanding way you better join the bounty project and choose the project well.

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September 08, 2020, 11:38:46 PM
 #60

Yes, i agree with what you said, for me if you don't have enough budget for trading and mining you will choose the safest and no money need to be out which is joining bounty project. But the problem there is you're not sure if the bounty will pay after the end of the campaign because sometimes it's hard to distinguish which one is good.
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