How to accumulate more bitcoin other than buying with FIAT.

[95Bolu]

How are people accumulating more bitcoin other than buying it with fiat?

I’m watching videos on Youtube and reading forums and i see a commonality of people saying to accumulate more bitcoin and not to day trade. But how does this work? Or are there other ways to grow your bitcoin portfolio? Can you explain a little bit in detail?

[stompix]

You either:
- mine it
- earn it
- buy it

Since you don't want to trade, you probably don't want to get into mining either then there is only one way other than buying left for it, you earn it from services you provide to other poeple. Of course, that's just a disguised form of exchange also since you can also get paid in $ and then exchange that for bitcoin, but let's count it as a method too.

In the end, bitcoin is money, you're just asking yourself how to get more euros without exchanging $ for it.

[avikz]

How are people accumulating more bitcoin other than buying it with fiat?

I’m watching videos on Youtube and reading forums and i see a commonality of people saying to accumulate more bitcoin and not to day trade. But how does this work? Or are there other ways to grow your bitcoin portfolio? Can you explain a little bit in detail?

It's impossible! If you don't want to buy it or day trade in the crypto market, then you are left with only one choice - mining. But to mine bitcoin, you need expensive mining rig which you need to purchase from your own pocket. So it's quite impossible to accumulate crypto without any investment to be honest.

Personally,  I feel trading is the best way to accumulate bitcoin. You still need to invest money but that will be quite less than buying a mining rig. So I would say, give trading a try!

[Vannie12]

Totally agree that in order to accumulate BTC is to Buy, trade and mine. Buying directly is too expensive and risky if you don't have any idea when exactly to buy. You might end up withdrawing them when you bought them expensively.
Trading is like buying also, but through trading, you will be continuously doing that. Its a matter of buy and sell. Most of the people rely on trading but needs lot of patience. On the other hand mining needs equipment and would probably be costly.

[jackg]

Trading altcoins to then exchange them for BTC, isn't that right?

That's one way to go about it but now isn't a great time to start doing that I don't think. Lots of people trade patterns with altcoins for when the btc dominance fluctuates - a few patterns repeat themselves 3 or 4 times before they're obselete too (don't risk too much on this though either 10% is probably the most you'd put on even if you're confident)...

How are people accumulating more bitcoin other than buying it with fiat?

I've seen people try to do scalping and other things to get more bitcoin but that might be riskier than day trading with it.

There used to be a lot of people who had sizeable amounts of bitcoin that would go around claiming faucets (which might be some way to accumulate). Or find a service to sell or something (especially if you enjoy it already).

[crwth]

I think what you can do now would be to trade services in exchange for bitcoin. You won’t have to buy it if you can earn it. I think stompix answered it precisely. So the only option you can do is to earn it unless you want to beg or make use of faucets. Not sure if there are still sites like that, but that would take a long time.

You can try and earn cryptocurrencies in the forum here by looking for the applicable Jobs for you. That's why it's so crucial with the ranking here.

[pawanjain]

All you need is some skills to accumulate more bitcoins without having to buy it. The skills can be of any kind though.
If you have trading skills you can accumulate bitcoins from trading. If you have some coding or designing skills you can do freelancing for bitcoins.
If you have good investment then you can invest in mining and get more bitcoins.
There are also options like lending which I won't recommend but is a way to accumulate more bitcoins.
You can earn bitcoins by applying for jobs which pay in bitcoin. You can also promote services and ads which pays out in bitcoin.
There are many possibilities to be honest.

[Pahom]

If you don't want to buy Bitcoin, you can either mine it or get as rewards on a staking (lending platform). So if not buying with fiat, assemble a mining farm or find a reliable platform where you can lock your Bitcoin and get APYs for it.
But usually, people just buy Bitcoin and hold it on their cold wallets if they are long-term investors rather than traders.

[fiulpro]

How are people accumulating more bitcoin other than buying it with fiat?

I’m watching videos on Youtube and reading forums and i see a commonality of people saying to accumulate more bitcoin and not to day trade. But how does this work? Or are there other ways to grow your bitcoin portfolio? Can you explain a little bit in detail?

There are few things you can do for sure :

1. Day trading is super successful for most people, but at the same time the volatility of the market can cause a lot of probelms for the people who are not really consistent with their trading and finance. Therefore you have to be super alert at that point


2. You can always sell your services as well we have a whole section dedicated for it.

3. You can honestly participate in signature campaigns and support the companies you might be working for, it can be really rewarding for the long run

4. You can try and do small jobs, video making, reviews and get paid for it on the forum as well.

There are many things you can do to accumulate bitcoins, but it would all depend on your skills.

[sheenshane]

Or are there other ways to grow your bitcoin portfolio? Can you explain a little bit in detail?

The perfect answer was here.

You either:
- mine it
- earn it
- buy it

If you have bought 1 Bitcoin and store it in your portfolio, it will always remain 1 Bitcoin, only the value towards the dollar will fluctuate.
Through mining and investing mining rigs for your mining equipment, is one factor that you can accumulate Bitcoin, and second is earn it, which means you need to offer your service in exchange for Bitcoin which are very common here in the forum by joining signature or joining bounty and trade token to Bitcoin.

Trading is very risky, there wasn't a guarantee that you will earn from it.  If you don't have knowledge of it, I discourage you from this activity.

Anyway, if there's someone offering you to double your Bitcoin as an investment in just a matter of a day, weeks, or months, just stay away from it, because that's a Ponzi scheme that usually turns out into a scam.

[Pandu Geddon]

Have you watched until the end of the video you watched?
maybe it's a form of the program from some exchange platform. such as staking or farming.
I also saw videos of some such YouTubers. they need assets as the first capital. I think the way it works is very simple. lock assets on the platform and we will get benefits for a certain amount and a certain time.
it seems that this is almost the same as the deposit system in banking. we use our fiat to be locked in the bank for a certain time. and we will benefit from the specified percentage.
In my opinion, a system like this (staking) is long enough to increase our portfolio. I would probably be happier with day trading.

[DannyHamilton]

Bitcoin is money. There's nothing magical about it.  You accumulate it EXACTLY the same ways that you accumulate ANY other money.

• You provide a product or service and accept Bitcoin as payment
• You exchange some other form of money for it (such as your local currency)
• You scam or steal and hope not to be caught

That's it. Same as every other form of money in the world.

[DaveF]

Depending on where you are in the world there are also credit cards with BTC cashback:
https://foldapp.com/
https://blockfi.com/credit-card/
Kind of like buying with fiat, but if you are going to be charging stuff anyway...

There are also a few games that pay in crypro but once again, availability is based on location.
https://coinhunt.world/

In the end if you are serious about accumulating you are going to either have to mine or buy.

-Dave

[Ebewah]

You either:
- mine it
- earn it
- buy it

Since you don't want to trade, you probably don't want to get into mining either then there is only one way other than buying left for it, you earn it from services you provide to other poeple. Of course, that's just a disguised form of exchange also since you can also get paid in $ and then exchange that for bitcoin, but let's count it as a method too.

In the end, bitcoin is money, you're just asking yourself how to get more euros without exchanging $ for it.

How real is Bitcoin Mining by an end user? Like I see it as a waste of time when I see links that offers it.

[KaliLinux]

You either:
- mine it
- earn it
- buy it

Since you don't want to trade, you probably don't want to get into mining either then there is only one way other than buying left for it, you earn it from services you provide to other poeple. Of course, that's just a disguised form of exchange also since you can also get paid in $ and then exchange that for bitcoin, but let's count it as a method too.

In the end, bitcoin is money, you're just asking yourself how to get more euros without exchanging $ for it.

How real is Bitcoin Mining by an end user? Like I see it as a waste of time when I see links that offers it.

If you really want to mine Bitcoin, that what you are referring to as Bitcoin mining by those online mining is not it. Bitcoin mining is really expensive with all the equipment that you need to do that, and with regards to the OP, it will really take you some time to accumulate a good amount of Bitcoin if you are not willing to trade Fiat for it cos even with the bounties in here that offer Bitcoin payment, the Rank requirement and allocation are really tight.

[Ebewah]

I think you accumulate BTC just like you accumulate cash.
Your work and get paid with BTC in countries where it is acceptable.
People can also run airdrop and bounty task, when they get paid they can convert it to BTC. The next very ugly means of acquiring is through Fraud.

[stompix]

~

How real is Bitcoin Mining by an end user? Like I see it as a waste of time when I see links that offers it.

It's just like any other business, you see what money you have to invest, what are your costs and you plan accordingly, if it were a waste of time then nobody would be mining and we wouldn't have 170exahash of gear currently running.
Besides, mining also has advantages, you can still make money even if the price is flat or the price drops, and if you plan carefully the risks are way less than in trading. One flash crash can wipe all your money and also let you without any capital to continue.

That aside I'm really curious about those links, hope it's not some cloud mining or god knows what other "invention".

[stomachgrowls]

How are people accumulating more bitcoin other than buying it with fiat?

I’m watching videos on Youtube and reading forums and i see a commonality of people saying to accumulate more bitcoin and not to day trade. But how does this work? Or are there other ways to grow your bitcoin portfolio? Can you explain a little bit in detail?

Ways on how to accumulate bitcoin.

1. Buy it with fiat
2. Earn through bounties and tasks
3. Accumulation via Trade

Sounds simple but this wont really be because you would really need various skills and of course knowledge on
dealing with multiple jobs or tasks if you are really serious with accumulation.
So this would deal out with someones capability.

[adzino]

How are people accumulating more bitcoin other than buying it with fiat?

I’m watching videos on Youtube and reading forums and i see a commonality of people saying to accumulate more bitcoin and not to day trade. But how does this work? Or are there other ways to grow your bitcoin portfolio? Can you explain a little bit in detail?

The only way to "accumulate" bitcoin is by buying, earning or mining it. This is what those youtube videos probably meant. The risk with day trading is high, hence they didn't recommend you to do it. Don't go around "accumulating" free coins. You will probably end up collecting dusts. Would be a waste of time. You would rather want to do something more productive that will help you accumulate more bitcoin (like selling your skills for bitcoin).

[Issa56]

Definitely there are other ways in which you can accumulate more bitcon without buying it. Firstly you can work for it in this forum there are some bounties which is run by some managers which pays with bitcon you can participate and after getting your reward then you hold it, secondly you can mine it which I believe requires much capital before you can start mining because you have to acquire mining machine and bitcoin minning is also ristricted in some countries.