How can I grow my Crypto Bag without trading

[Greatest2020]

Hi everyone,
I'm new to Bitcoin and crypto in general, though I'm learning and growing fast.

I hold some coins but I wonder if I am making profit that way. Trading really require more skills and knowledge of crypto and the trading platform, hence I don't want to rush in. So, are there ways to increase my bag without Trading?

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[IIrik11]

I added $100 bitcoin more to my stash yesterday when I received my salary.

And I think that is the only safest way of keep increasing my bitcoin holdings because like you I don't want to lose any by trying trading and/or staking.

I do try and find work online to add more to it but it is almost next to impossible to find good paying work online unless you have incredible skills.

So, keep buying when you can and as much as you can afford to.

[Coyster]

I wouldn't say airdrops, faucets or other ways to earn tiny amounts of Bitcoin cause that is no way to increase your stash as you earn little or nothing from them, and many a times they end up being a scam. If you want to increase the Bitcoins you have, then tbh, the best way is to earn money in RL and use it to buy more Bitcoin, you can adopt a strategy that works for you and maybe buy at intervals as you gradually increase your Bitcoins.

Having said that, another way is you have a skill and can render a service that pays in Bitcoin, that way you get to earn in Bitcoin and can hodl the coins you earn.

[kanayaTabitha]

Hi everyone,
I'm new to Bitcoin and crypto in general, though I'm learning and growing fast.

I hold some coins but I wonder if I am making profit that way. Trading really require more skills and knowledge of crypto and the trading platform, hence I don't want to rush in. So, are there ways to increase my bag without Trading?

A lot of way.
If you have a capital at first, you could buy a good fundamental coins and invest on them, hold for a long time for big profits in the future.
You could also do staking coins, there are many platofrm available for staking right now.
If you have no capital at first, you could do airdrops or bounties that you could found on this forum

[Greatest2020]

Hi everyone,
I'm new to Bitcoin and crypto in general, though I'm learning and growing fast.

I hold some coins but I wonder if I am making profit that way. Trading really require more skills and knowledge of crypto and the trading platform, hence I don't want to rush in. So, are there ways to increase my bag without Trading?

A lot of way.
If you have a capital at first, you could buy a good fundamental coins and invest on them, hold for a long time for big profits in the future.
You could also do staking coins, there are many platofrm available for staking right now.
If you have no capital at first, you could do airdrops or bounties that you could found on this forum

Thanks, I've noted your points sir....
I'm new here and still trying to get to understand more about Bounties and platforms to secure jobs with my skills.

[Fullcoinese]

btw what coins do you have now?
trading/investing is taking risks. there are many reasons for that and it is not recommended for new users [including myself] who do not have basic knowledge of Trading/investing.
if you plan to earn money without trading? then I suggest doing Farming/staking on coins that offer a large amount of APY %. for me this is good enough to at least get passive income. and it also depends on the time you specify/the modal you use.
correct me if i'm wrong

[NeuroticFish]

Trading really require more skills and knowledge of crypto and the trading platform, hence I don't want to rush in.

That's great that you have found this out. Indeed, trading is riskier than most (traders) would like to acknowledge.

I hold some coins but I wonder if I am making profit that way.

If you hold bitcoin, as long as the price grows, the value of your bag grows. Of course, that's unrealized profit (virtual profit) and the actual profit happens when you sell.
If you hold altcoins too, I recommend you pay attention to them, since altcoin prices tend to drop on long term compared to bitcoin's.

So, are there ways to increase my bag without Trading?

Bitcoin is money. The best way to increase "your bag" is to buy more or earn more (usually by working for it). [But only invest what you afford to lose; Bitcoin price rises and falls, it can be risky and you have to understand that]

Then there are many scams, from HYIP (websites where you can deposit and they promise that get huge returns) or doublers (with lies like send me any coins and I'll send back the double of that) and most cloud mining sites. Again, those are scams and will make you lose money.

Then there are legit places where you can deposit and get some rather small interest/returns (some exchanges maybe, or even some faucets), but here we talk about small amounts, under 5% per year.
But here too, the "not your keys, not your coins" applies and you don't have 100% certainty that you will get your money back and the interest.

Faucets and other means of free money may also look interesting, but keep in mind that the amounts you usually get are so small, they mostly don't cover the electricity and time spent.

Mining needs expensive devices, so that is out of question.

So the best way I know is to hold in your safe wallet and buy/earn more from actual work. Sorry to disappoint you.

[pawanjain]

Hi everyone,
I'm new to Bitcoin and crypto in general, though I'm learning and growing fast.

I hold some coins but I wonder if I am making profit that way. Trading really require more skills and knowledge of crypto and the trading platform, hence I don't want to rush in. So, are there ways to increase my bag without Trading?

There are a few ways to increase your crypto bag but all of them have their own clauses

Staking - It's quite safe to stake and grow your coins but slashing would result in loss of stake
Investing - You can invest as much as you can in regular intervals but again you need to have that kind of money to invest in at the first place
Crypto jobs - You can do jobs and get paid in crypto but then you will need to have those skills to get that kind of job
Lending - It can get you more returns but the risk is all yours since people may run away with the coins.

My best choice here is staking but you have to choose a potential coin which does not depreciate in price over long term.

[cryptoaddictchie]

Hi everyone,
I'm new to Bitcoin and crypto in general, though I'm learning and growing fast.

I hold some coins but I wonder if I am making profit that way. Trading really require more skills and knowledge of crypto and the trading platform, hence I don't want to rush in. So, are there ways to increase my bag without Trading?

Holding is the best way to maximize profits without losing on trading. Im not saying its guaranteed profit but without thinking much or stressing out, this could be a good way to earn in the long run. For example you bought bitcoinx ethereum and dogecoin last year, then your already ripping a lot of profit now based on the price increase now. So basically its a safe and one of the best strategy on crypto.

[YOSHIE]

So, are there ways to increase my bag without Trading?

Actually in the crypto world people have their own way of getting profits, one of which is as you mentioned Trading.

Your next question, you don't want to trade but you have some crypto besides Bitcoin and the core is profit, of course the benefits you can get by making long-term 'investments', you need patience in this case.

I remember my friend who was successful this year, he didn't trade but he made a long term investment in one of the coins (AAVE), In 2020 my friend bought Aave coins for $25 in 2020, at that time he only bought about 150 coins and he only needed to be patient for one year, right in May 2021 the price of AAVE coins jumped at $666 per coin.

From what I'm telling you, it can be an example and something you can do, the bottom line: you have to really choose the crypto you want to invest in, both in terms of market, demand, development etc., it is really you understand the best crypto.

Remember: the wrong choice of crypto you can be disappointed, right in the choice of crypto you can smile.

[Mpamaegbu]

So, are there ways to increase my bag without Trading?

Yes, there are various ways to increase your bag without trading. The surest for me though is staking. And you don't just stake for the sake of it. You've to choose a viable and trusted exchange or means to do so. I will recommend you carry that out on Binance exchange, hoping that it has the coins you've on staking. You can get this on Binance exchange home page. Click on "More", it directs you to another page where you can see "Staking" under finance. If this isn't clear to you, you can quote me and I will do a screenshot for you.

[Pmalek]

I hold some coins but I wonder if I am making profit that way.

Take a look at some historical values of Bitcoin. Check out what the coin was worth 1 year ago, 3, 5, or 10 years ago. Then imagine what that USD value would be today if you just bought it back than and did nothing else besides keeping it in your wallet. You can use What if I hodl for historical prices for example.

Trading really require more skills and knowledge of crypto and the trading platform, hence I don't want to rush in.

Good choice. Trading is a profitable way of increasing your wealth, but only if you know what you are doing. Most people don't and they lose the little they had. I wrote a topic on that subject not that long ago. Check out What Can Happen If You Want to Trade Cryptocurrencies, but You Don’t Know How? if you want.

So, are there ways to increase my bag without Trading?

What do you do for a living? If you have a job, can a part of your salary be in Bitcoin? If not, you can just leave a little amount from each paycheck and buy bitcoin with it. Do some freelance work and get paid in crypto. There are many possibilities, it depends on your skills and motivations.

Staking - It's quite safe to stake and grow your coins but slashing would result in loss of stake

A part of the stake, yes. But not the entire bag of course. I remember reading about Polkadot a few months ago and they have such a slashing feature. It's applied both to validators and delegators, so you need to be careful who you delegate your rights to if you are interested in that kind of thing. Avalanche, for example, has no slashing feature. 

[excro]

I use freebitco.in's interest program.

If you deposit 0.0003 Bitcoin minimum, you will earn 4.08% interest yearly, paid daily. So the more Bitcoin you deposit, the more you receive. I would advise you to stay away from their dice feature, which is very risky, you can also use their free bitcoin every hour feature, which pays up to 200$ of Bitcoins to your account every time you claim from the faucet.

Regards, excro 

[Peanutswar]

If you don't want to commit with the trading I guess one of the most ideal is to hold your assets and pull it out once the price is already suited to your ideal profit. Also like staking money, and having free tokens and assets to the airdrops. Again even though its already not trading still there's a commitment with the market volatility. It depends on how you will look at the coin itself.

[ice18]

Just hodl it man, yes you can earn even without trading by just holding your coins and wait for pump in the coming months, I think this is profitable strategy. In a bull market most coins goes parabolic but you need to have target price for you to earn in this market, you have to learn when to sell and have the best profit.

[Marykeller]

Hi everyone,
I'm new to Bitcoin and crypto in general, though I'm learning and growing fast.

I hold some coins but I wonder if I am making profit that way. Trading really require more skills and knowledge of crypto and the trading platform, hence I don't want to rush in. So, are there ways to increase my bag without Trading?

What kind of coins are you hodling in your portfolio? Are the coins among the top 100 altcoins on coinmarketcap.com? If they are not you better invest in the top 10 altcoins to see profits in the future. October, November is another bull run season of the year. You better not miss out on the opportunity

[chance57]

just buy a coin that you truly believe in and hold it for more than a year! easy

[ReiMomo]

just buy a coin that you truly believe in and hold it for more than a year! easy

Yes, obviously. Whenever you have amount, invest them in best coin that are cheap or costly. We have staking system in many exchanges offering staking option for many coins. If you have already invested on the respective coin, follow the exchanges for more information on the same. Besides these, you can earn crypto currencies like BTC in this forum and hold them as long as you see a reasonable growth.

[o48o]

I wouldn't say airdrops, faucets or other ways to earn tiny amounts of Bitcoin cause that is no way to increase your stash as you earn little or nothing from them, and many a times they end up being a scam. If you want to increase the Bitcoins you have, then tbh, the best way is to earn money in RL and use it to buy more Bitcoin, you can adopt a strategy that works for you and maybe buy at intervals as you gradually increase your Bitcoins.

Having said that, another way is you have a skill and can render a service that pays in Bitcoin, that way you get to earn in Bitcoin and can hodl the coins you earn.

Best airdrops you can get is by using/supporting some new tech when it's just starting. As revolutionary tech seems to reward the people who were using it. (Uniswap, Paint, Immutable, etc). Of course it can be waste of time but like in cases of uniswap... Well we all know that went well.

[CryptopreneurBrainboss]

I use freebitco.in's interest program.

If you deposit 0.0003 Bitcoin minimum, you will earn 4.08% interest yearly, paid daily. So the more Bitcoin you deposit, the more you receive.

Centralized platform aren't the best ways to store your Bitcoin. Any Bitcoin that you don't own the private key isn't your Bitcoin. The ideas of giving others your Bitcoin to recieve daily/weekly/monthly or yearly interest shouldn't be welcomed. All centralized platforms are vulnerable to hacks as they're been operation from a centralized server. Your Bitcoin should only be stored in your private wallet.

In regards to the question been asked, I second the suggestion of just holding. Many of us made that same mistakes when we started, we thought buying altcoins, trading etc were more lucrative than just holding Bitcoin (as it feels boring) not knowing we were making biggest mistakes. The altcoin might give you good ROI today but over a long period of time, they'll just lose value against bitcoin which is typically a waste of time.

Buy Bitcoin and go look for means of acquiring fiats so you can trade them for Bitcoin and stack up your bag because in the nearest future Bitcoin would be a more dominant currency and obviously that'll affect the price positively and you should be on the benefiting end as an early adopter (yes we're still early).