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Author Topic: How to grow the bitcoin you have?  (Read 749 times)
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July 15, 2023, 03:28:57 PM
 #21

One way to grow the bitcoins is by giving loans, you can find the loans section of this forum in the next link:

https://bitcointalk.org/index.php?board=65.0

The right way to give loans with a low risk for the user is by asking a collateral, this means, you give a loan in bitcoins and ask for the same amount of money in another coin like dogecoin or litecoin, once the user pays you back the loan then you give back the collateral coins. And this is considered the "zero risk" way to loan money, the only risk there is the market. But That's why is important to give loans only to the users that you trust.

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July 15, 2023, 03:39:21 PM
 #22

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.
Yes, DCA.

That's the proven method to gain and grow the Bitcoin you have. But it does require you more money because you'll have to keep on buying in intervals that you're okay with.

If you can't do DCA, then find something that make you have an additional fund for buying like selling things that you need or selling some services that you've got as a skill.



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July 15, 2023, 03:42:43 PM
 #23

If you have bitcoins and you gamble with bitcoins, you may see your bitcoins go down rather than increase because gambling can make you gain from your total bitcoins and you can lose it at times when you win and then get greedy and gamble again. It will appear that you have once again lost a lot of money from the total capital. The main way to grow your bitcoins is to hold your bitcoins in a secure wallet for a long time and also invest a portion of your income regularly. If you can continue this way, your bitcoins will grow a lot. You must always plan to grow bitcoins If you never plan to spend your bitcoins you will never grow bitcoins.
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July 15, 2023, 03:45:16 PM
 #24

Now the question is, how would you know that BTC will come down ever again or will go up. That's where the risk factor comes. But if you had good knowledge of crypto industry and you keep an eye on all the news means fundamental analysis and technical analysis then you would be 90% sure that price will come down to $30k for sure.
90% sure? How did you come about that analysis, if it was so easy to check the TA and FA to be exactly 90% sure of BTC either rising or falling, everyone would be doing it and making millions very fast. Trading is very risky, and it should not even be an option for a newbie, because they are very naive and will lose their money very fast or fall for scams in trading groups on social media.

Agree. It's much more dangerouse if you just entered crypto world. People know nothing about basics and enter evem more unexpected thing
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July 15, 2023, 03:50:31 PM
 #25

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.
You have 1 bitcoin after the time you do nothing you still have 1 bitcoin and if you hold it long enough I am sure you will also see a profit with it. But you mention gambling, it makes me feel less like the term chance, and the house always wins, so don't treat it as a form of money or a job, just see it as a entertainment is more correct. And in this market, I come across a lot of different ways to optimize profit participation, but you need to be knowledgeable with them, it is not natural that profits come to you, like if you are known mortgage property in this market and use that money to invest further, and that investment story really takes a lot of skill so you have enough confidence to do well, so keep trying to learn and persist longer with the market.
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July 15, 2023, 03:57:29 PM
 #26

How do you want to grow your bitcoins? Many people try to increase their bitcoins in different ways. Some people try to increase their btcs through regular trading, some people try to increase their btcs by investing for a long time, and some people try to increase their btcs by converting a part of their earned money to bitcoin regularly. If you want to increase your btc by investing, you need to hold your investment for a long time or if you want to increase your btc by trading, you need to enter this business with some amount of capital and set a target for each day, or if you think if you convert a part of your income to Bitcoin regularly, you can also increase your Bitcoin.

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July 15, 2023, 04:05:42 PM
 #27

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.
Do not attempt it and I would advice you to ignore any pm you might receive concerning this else there is possibility of you getting scammed. Just like everyone else suggest here, buy more BTC at every given chance and increase your bitcoin quantity or better still hold for long to increase it value.
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July 15, 2023, 04:07:26 PM
 #28

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.
If you keep your bitcoins in a gambling place you will definitely lose. Because gambling is like that, it will either come or it will go. Most of the time there is a high probability of going. If you want to grow your bitcoins you must hold for a long time.

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July 15, 2023, 04:22:04 PM
 #29

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.
You can't "grow" your bitcoin. If you have 1 bitcoin, you will have 1 bitcoin with you as long as you hold. Bitcoin can't be stakes, so you won't be receiving any rewards for holding your coins. The only way to "grow" your bitcoin is through mining or investing your money. Or you can earn bitcoin by providing services to people and accepting bitcoin as a form of payment. Remember, only invest what you can afford to lose. You don't have to "grow" your bitcoin if you can't. Just hold what you have and don't sell at a loss. When the price goes up, take your profit, wait for the price to go down, buy more bitcoin and then keep on repeating.

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July 15, 2023, 04:35:11 PM
 #30

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.
          I feel that there are no other ways to grow our BTC other than in the traditional ways, the first and main thing to grow our BTC is education and discipline. It is not only about investing money or cryptocurrencies, I also know about investing time in educating ourselves about the cryptocurrency market, analyzing trends and understanding Bitcoin as much as possible. The more knowledge the better and more prepared we will be to take advantage of opportunities and make strategic decisions.
investing time in educating ourselves on this subject opens the door to other ways to grow our BTC, as many colleagues mentioned before it is the classic and more "safe" one that consists of keeping your Bitcoins saved for a long term and over time with a little patience you could benefit from potential price increases, this is known in our community as "HODL". and on the other hand there are also loans, mining and others that are more risky than Trading... but always keep in mind that regardless of the option you take there will always be a risk.
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July 15, 2023, 04:35:27 PM
 #31

First of all, a concerning thing when I read your post is that you seem to perceive gambling as a way to grow your bitcoins, which is truly a bad idea. In fact, gambling is the surest way to lose money. If you still think of gambling in such a way, you really should consider it for your financial literacy in general.

Now, since you mention risk, storing your Bitcoin on a third party would rather significantly increase the risk. There is no interest that it is worth considering the risks you might expose. It is simply the bad outweighs the good since you handing over the control and ownership of your own bitcoins.
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July 15, 2023, 04:48:10 PM
 #32

You did think twice to gamble your Bitcoin in a casino as you will most likely lose all of it without earning profit. Storing it in a platform with APY then you'll surely get profit although it won't be fast to earn profit but still it is a profit. Well, you can try buying Bitcoin when at its lowest price and selling Bitcoin when its price increase more than the price of when you are buying it then buy again. That way, you'll have more Bitcoin than before but there are still some risk if you are willing to take it.
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July 15, 2023, 04:50:05 PM
 #33

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.
There is only one safe way: buy more. There are no low-risk methods to increase your bitcoins because the only possibilities I can think about are:
- Trading, but you must know what you're doing since there is the possibility to lose everything;
- Lending, but you need to trust the company and hope they won't scam/go bankrupt like many did.

If there was an easy way to increase you bitcoin quantity everybody would be doing it, unfortunately there isn't.

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July 15, 2023, 04:52:04 PM
 #34

Well just holding can grow it over the period of time.

There are other ways too in which you will have to put your bitcoins at work. For example, lend them in the forum. You can also check for other lenders in the lending section of forum where they have set up nice business for themselves. However this needs at most levels of security. You need proper channelling of bitcoin lending process with escrowing of funds, having proper collaterals and bunch of other things. I think this type of business can make you lot of money. Otherwise, just invest your existing bitcoins on mining farm.
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July 15, 2023, 05:04:14 PM
 #35

If you want to develop the assets you have by entering the gambling site, of course, you will get a very big risk, and most likely all the assets you have can just like that, although there is a big lure that we get, but it is all difficult for us to feel, because many gambling sites always give us losses and only a few times we can get profits, So invest in other ways to add to your Bitcoin assets.

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July 15, 2023, 05:04:58 PM
 #36

Would the OP have the balls to do this? This also requires capital to be prepared.
Would the OP be okay with being a lender to the forum? it also has to have capital to start it right?

The right way to give loans with a low risk for the user is by asking a collateral, this means, you give a loan in bitcoins and ask for the same amount of money in another coin like dogecoin or litecoin, once the user pays you back the loan then you give back the collateral coins. And this is considered the "zero risk" way to loan money, the only risk there is the market. But That's why is important to give loans only to the users that you trust.
I don't think this is the right way to generate bitcoins just because we give loans to forum users, especially here, most of them are without collateral, of course it will be risky for him, especially for the first time, it's better to avoid this method because it's quite a big risk without collateral.

There are still other ways that are better understood by OP, such as buying bitcoins regularly or with DCA doesn't that also grow bitcoins with accumulation every week?
One more thing, if he is still involved in gambling, it will be difficult to grow his bitcoins.

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July 15, 2023, 05:34:53 PM
 #37

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.
I'll be so indifferent about this here:
Except you're anything good at trading considering the risks involved, Just buy and hold for long term investment with the expected bull run by the corner you can double your funds.

You can be buying at different points to accumulate your BTC by DCAing before a year runs down you would have accumulated so much bitcoin for yourself.

Gambling can't be a channel to grow your bitcoin you can lose the little you have gotten within a short time.

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July 15, 2023, 05:42:49 PM
 #38

90% sure? How did you come about that analysis, if it was so easy to check the TA and FA to be exactly 90% sure of BTC either rising or falling, everyone would be doing it and making millions very fast. Trading is very risky, and it should not even be an option for a newbie, because they are very naive and will lose their money very fast or fall for scams in trading groups on social media.
My analysis is based on my sentiments and i didn't meant to write it like is confirmed and will be true for everyone. And to some extent my prediction were right BTC did come back to $30k. And i so not think it is that easy to become a millionaire even if you have 90% surety like me.

My intentions were to show the confidence level in percentage. Which is obviously based of knowledge factor and my knowledge built 90% confidence in me that the current uptrend toward $31k is artificial due to the news of XRP and BTC will come down. And i also used the whole scenario as an example. And obviously this method only works for those who have good TA and FA which most people lack.

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July 15, 2023, 05:49:09 PM
 #39

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.
Continuing to buy it will also grow my bitcoin, you can also buy now and hold it for a long time, it will experience growth because the increase in the price of bitcoin after going through the cycle will also grow.

Does someone else say it is included with low risk according to you? The various ways they have done to grow bitcoin but you like no other thoughts should be done with your assets?

How do you feel when trading does it grow your portfolio?
What about buying the DCA way is that something you can do?
Which is the lowest risk then that's what you should do.

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July 15, 2023, 06:32:31 PM
 #40

OP, Bitcoin is not a POS (proof of stake) coin, so it cannot be staked to generate a staking reward. Any platform that allows you to earn profit on your Bitcoin means you will not be in control of your asset, but when you have your Bitcoin in your self-costodial wallet, it is more safe than having to keep it on a centralised platform where you could still face the risk of losing your asset.

Perhaps even if you stake your Bitcoin on any platform, there will be no significant profit or increase. The reason is because you only have a small fraction of Bitcoin. Imagine that you have just $100 worth of Bitcoin. Will you risk it on a platform that will pay you 0.005% per month? That's too cheap to risk your asset. Perhaps imagine that if you had two bitcoins, you would not want to risk them on any centralised platform, no matter the level of profit offered.

If you want to increase your asset, just keep DCAing.

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