acener
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November 30, 2020, 07:12:14 PM |
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What are the "safe" options for holders of bitcoin to generate income?
There is no safe option for Bitcoin Holders to generate income, Even by holding their crypto they are risking their money due to the volatility of crypto. If you want to generate a passive income then you should invest mining or invest in POS crypto currencies.
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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ReiMomo
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November 30, 2020, 07:59:36 PM |
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What are the "safe" options for holders of bitcoin to generate income?
There is no such thing as "safe" in investing whether it is bitcoin or not, for the risk is always affiliated with investment and the result will always be the same, you may gain, lose, or just got even. If you will hold your bitcoin and do nothing, it may still gain profit or you may lose either, same as when you do trading. However, when you sell something or provide services and accept bitcoin as payment it could really increase the number of bitcoins that you have, on the other hand, the risk here is the volatility of bitcoin that when the price dumps then the value of your bitcoin will definitely decrease but I guess this is the safest yet remains to be subjected to risk of loss due to volatility.
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CODE200
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November 30, 2020, 11:14:31 PM |
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What are the "safe" options for holders of bitcoin to generate income?
simply hold if you must, and sell on your own will. Some would say just keep on holding in order to gain bigger profit but that's not how this market works to be honest. The market price of cryptos are not consistently increasing as time passes by. The market value of all cryptos are volatile or changing from time to time which makes it a requirement to analyze the market and to not just hold for years such that in real estate investment or with gold-like investments.
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BuNga_cute
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November 30, 2020, 11:38:47 PM |
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To be honest there is no safe way to get income from Bitcoin investment, because the volatile Bitcoin price makes investing in Bitcoin a high enough risk. But based on my experience in the cryptocurrency world for 4 years, which has the least risk is to invest in Bitcoin in the long term. But maybe to be able to make a profit you have to be patient, if you want to get profit from Bitcoin quickly you can try day trading. But the risk of day trading is much greater because it requires a large amount of capital and requires good market analysis skills to be successful.
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NavI_027
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November 30, 2020, 11:52:53 PM |
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if you want to get profit from Bitcoin quickly you can try day trading. But the risk of day trading is much greater because it requires a large amount of capital and requires good market analysis skills to be successful.
@OP ~ But if you want a faster way of earning then try gambling. Though it was a lot riskier among the other means, you can still earn decent amount of btc by doing so as long as you will analyze carefully every bet you place . This field is a mixed of luck and skill so I think you can handle this. If you are not well rounded yet with the games then don't worry. I advice you to try sportsbetting first. It's not that hard as it seems (unless you are not interested in sports at all), the main challenge here is picking the strongest/best team you think of and weigh its odds based on other external factors. That's it! Good luck to you.
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Lanatsa
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November 30, 2020, 11:53:51 PM |
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What are the "safe" options for holders of bitcoin to generate income?
When we do talk about generating income then this is going through investments and talking about safe then theres no such thing yet you would be risking out your coins for you to do that unless if you decide to hold for long term then that one is less riskier compared if you do tend to play with it. Even holding your btc does have risk on losing value because we know that market cant really be predicted on where its going. but if you do trust up bitcoins potential and try to accumulate as much as you can then you can go proceed with it.
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R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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Salauddin1994
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December 01, 2020, 04:46:26 AM |
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Bitcoin fluctuates more than other currencies making it harder to predict it is much easier to make money from bitcoin investments if the price goes up but if you go down you are in a lot of risk even if the value of the currency declines if we wait patiently for long term investment the price may go up again. To invest in a safe way you have to avoid the risks and for that you have to analyze the market if you want you can earn bitcoin in different ways first of all if you want to earn money by investing you have to learn crypto trading and if you have to do market analysis then you can benefit from trading otherwise, there is a risk of big losses.
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Lorence.xD
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December 01, 2020, 05:55:25 AM |
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There is no safe option for Bitcoin Holders to generate income, Even by holding their crypto they are risking their money due to the volatility of crypto. If you want to generate a passive income then you should invest mining or invest in POS crypto currencies.
I refuse to believe that there is no safe option. Safe option in this case is something that does not make what you hold stagnant. In my opinion, the safest option would be to invest it in crypto businesses. There was a thread where the OP is investing his bitcoin in a gambling website and that is where I got my idea about safe option for bitcoin.
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█▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . Stake.com | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | █▀▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄▄ | | . PLAY NOW | | ▀▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄▄█ |
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GeorgeJohn
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December 01, 2020, 06:57:07 AM |
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Holding bitcoin in wallet comes up in two dimension via advantage and disadvantages the first dimension is that it might fall in the wallet which is the disadvantages and another dimension is that when it rise, it will also rise in your the wallet, so I notice that majority that have btc don't like to sell it but always investing it to propagate, instead them keep on buying more additional btc, because its obvious that holding bitcoin always generate income.
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shoreno
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December 01, 2020, 07:14:46 AM |
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Holding bitcoin in wallet comes up in two dimension via advantage and disadvantages the first dimension is that it might fall in the wallet which is the disadvantages and another dimension is that when it rise, it will also rise in your the wallet,
he wants safe option therfor putting alone in a wallet is not safe because value of btc can go down . there is also another risk of putting btc in an online wallet . best option for him is convert his btc to stable coins and put the stable coins to a secure wallet like hardware/offline but if he choose to be safe he also disables his ability to earn because he already converted his btc to stable coins . its hard to decide but we need to choose one only
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btc78
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December 01, 2020, 07:43:59 AM |
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What are the "safe" options for holders of bitcoin to generate income?
Bitcoin is already generating income it self if you can wait and risk,there are days of decreasing value (In which normal to every investments form) and there are also a increasing ( in which no other platform can offer so far) when if lucky can double or more tha amount you invested. But if you are asking about the safe Volt for your bitcoin?then that is Nano Ledger in which can make you Hold your own.Not like in other wallet because in crypto Not your Private key is not your bitcoin.
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kpierce77
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December 01, 2020, 09:09:03 AM |
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In general, only by holding bitcoin you can get income if you buy it at a lower price. if I'm myself I will wait at a certain price to buy bitcoin, then hold it for a long time (for example now), and wait for the right time to sell it back, very good for medium and long term investment
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crwth
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December 01, 2020, 09:24:35 AM |
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The safe option is just to HODL it and just wait for the price to increase unless you are willing to risk what you are earning and give yourself the experience to trade. It's quite risky but offers better potential in earning more money but you could lose it as well so it's definitely up to you. Your trading would depend on what you want to increase, either BTC or USDT. It depends, so if you want to earn more BTC then you would use BTC as capital, if not then USDT then.
There's a safe option but not so much reward.
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Mauser
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December 01, 2020, 09:55:56 AM |
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What are the "safe" options for holders of bitcoin to generate income?
I am not sure if I understand you correctly, but just by holding coins you normally don't generate any passive income. The only real income you get is if the price rises and you sell your coins. One form of generating income could be to lend your bitcoins to someone else and take an interest on it until he repays them. But this wouldn't be a 100% safe because you can get scammed. Another form to generate income would be gambling, but this also is not safe. I am afraid that there is no completely safe way to generate income.
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Smartprofit
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December 01, 2020, 09:59:30 AM |
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To get income when investing in bitcoins, I would recommend the following strategy for you:
1) Buy bitcoins every month, allocating a certain part of your income from your main job for the purchase;
2) If the bitcoin price falls, then it is advisable to buy more.
3) Determine for yourself a "fair" Bitcoin price. For example, in the spring of 2019, I said - the "fair" price of Bitcoin is $ 8,000. I am buying Bitcoin for under $ 8,000. Above $ 8,000, I refrain from shopping. A little later, I already considered the "fair" price of Bitcoin $ 10,000. And now the "fair" price of Bitcoin is $ 15,000 and could get higher.
These are guidelines to help you make the right investment decisions.
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peter0425
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December 01, 2020, 10:47:16 AM |
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What are the "safe" options for holders of bitcoin to generate income?
As long as you are not selling your Bitcoin it will generate passive income but of course may loss also. But the Best answer has been given multiple times above but still i will support for your acknowledgement and that is Nano Ledger,the safest place to store your Bitcoin if you have no plan of withdrawing them sooner. and only get some whenever you needed for emergency .
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| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
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asus09
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December 01, 2020, 11:41:33 AM |
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I think if you have saving money for education to your children and he still young age better to save as bitcoin than you make saving money in the bank, maybe when your child still one or two year they don't need much money for education and you have much saving on the bank for his education money. You can hold and move from bank then hold with bitcoin, this will be best way when your children have been in elementary school yang can get or withdraw your money in bitcoin by higher amount after few year holding and increase more than 100% from first value money you save.
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abje_sin (OP)
Newbie
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Activity: 2
Merit: 0
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December 01, 2020, 12:00:21 PM |
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Reading all the replies looks like these are the options - hold (if price goes up you will profit) - trade (but you can loose it ) - lend (could loose everything because of risk or scam)
I am struggling with this : with the "high" there is so much money ($) locked in and if i cash in i will lose future gains, If I don't cash out i might loose everything I made. so if I could get some income while still get to keep my coins that would be awesome!
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Smartprofit
Legendary
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Activity: 2338
Merit: 1775
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December 01, 2020, 12:58:52 PM |
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Reading all the replies looks like these are the options - hold (if price goes up you will profit) - trade (but you can loose it ) - lend (could loose everything because of risk or scam)
I am struggling with this : with the "high" there is so much money ($) locked in and if i cash in i will lose future gains, If I don't cash out i might loose everything I made. so if I could get some income while still get to keep my coins that would be awesome!
You own bitcoins as long as you control the private key. Losing control of your bitcoins is not the best solution. Other cryptocurrencies (altcoins) sometimes offer a passive income option (staking, etc.), with most of these cryptocurrencies depreciating over time. This is the main disadvantage of such schemes - a decrease in the value of the underlying asset. Bitcoin is a deflationary asset. Your profit is the increase in its price over time. Not only does Bitcoin not offer passive income, it is also not suitable for speculation, as the price can suddenly rise.
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Kong Hey Pakboy
Member
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December 01, 2020, 01:10:59 PM |
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There is no safe way to generate income in a bitcoin investment because investing in cryptocurrencies is truly a risk due to it's volatility that you can't stop it from having losses when the price suddenly goes down. Still, you can make yourself generate considerable amount of profits when you have a good investment strategy other than holding your bitcoins in a long-term.
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