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Author Topic: How to grow the bitcoin you have?  (Read 757 times)
Falconer
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July 15, 2023, 09:23:30 PM
 #61

Trading would never be an option for me thats if am trying to grow my bitcoin because the risk involved with it is just too much and I like to term it more like advance gambling because there is every possibility that me being the one to add some bitcoin to the one I already have will end up loosing the little I have, I think I would rather just go with DCA strategy as its convenient and less risk when it comes to loss of coins.
To grow your investment portfolio then of course buying with DCA strategy is recommended. But considering that the price of bitcoin is very volatile where the price can fall after an overbuy and can also recover after being oversold, of course you have the opportunity to grow your bitcoin by trading. You just need to do the analysis to know when to buy and when to sell, it's a great strategy to consider if you don't have the extra budget to buy DCA.

I know trading is risky, but as long as you sell your asset at a higher price then you never lose. While some people take advantage of price volatility to build their portfolios, that is also worth considering.

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July 15, 2023, 09:24:30 PM
 #62

Two things to make your bitcoin grow. Both are equally important but I'd teach you how to achieve each.

If you wanted your bitcoin to grow in numbers, from 1 btc to 2 btc and so on, you might wanna try out trading. When you trade, you swap your current token for another on the market, and then when the token you bought pumps, you sell it once again to lock in your profits. Do this enough and your bitcoin stash will accumulate by the numbers, which is arguably a better thing to do.

Suppose you don't want to increase your bitcoin in numbers, but rather you wanted it to pump in value, then I suggest you actually hold it until the next bull run arrives and then you sell it off at the peak. That's how most of our bitcoin holders got their fortunes anyway without learning a thing or two about trading, so you might wanna go down that path if you're not really keen about spending 4 hours a day learning a craft.
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July 15, 2023, 09:36:16 PM
 #63

Trading would never be an option for me thats if am trying to grow my bitcoin because the risk involved with it is just too much and I like to term it more like advance gambling because there is every possibility that me being the one to add some bitcoin to the one I already have will end up loosing the little I have, I think I would rather just go with DCA strategy as its convenient and less risk when it comes to loss of coins.
To grow your investment portfolio then of course buying with DCA strategy is recommended. But considering that the price of bitcoin is very volatile where the price can fall after an overbuy and can also recover after being oversold, of course you have the opportunity to grow your bitcoin by trading. You just need to do the analysis to know when to buy and when to sell, it's a great strategy to consider if you don't have the extra budget to buy DCA.

I know trading is risky, but as long as you sell your asset at a higher price then you never lose. While some people take advantage of price volatility to build their portfolios, that is also worth considering.
Of course, DCA is a very essential strategy to accumulate more of bitcoin and grow your bitcoin portfolio. And it’s also an effective way to minimize the risk since you are not going to put your money all in but only when you have spare money to spend. Also, I believe long term hodling is an effective way to grow more bitcoin because you sell your bitcoin at its peak price, then you can have the opportunity again to buy back good amount of bitcoin when they are in bargain.

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July 15, 2023, 10:09:07 PM
 #64

-snip-
Of course, DCA is a very essential strategy to accumulate more of bitcoin and grow your bitcoin portfolio. And it’s also an effective way to minimize the risk since you are not going to put your money all in but only when you have spare money to spend. Also, I believe long term hodling is an effective way to grow more bitcoin because you sell your bitcoin at its peak price, then you can have the opportunity again to buy back good amount of bitcoin when they are in bargain.
As long as you feel your strategy is useful for accumulating bitcoin - then do it consistently. I believe DCA to be one of them - but scalping is also a good thing to consider. Meanwhile if you have special skills - you can also offer services, you can also gamble and you can also take advantage of staking.

It doesn't matter in what way - as long as it's profitable then go for it. It's just - everything you do will have consequences whether it impacts positively or negatively on your portfolio. Do it carefully and thoughtfully.

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July 15, 2023, 10:11:39 PM
 #65

Gambling is not gonna increase the holding. For some time period it looks successful, but in the long run it surely ends with the loss. Good is to hold or make yourself good with the trading. Have better learning about trading, it'll make you understand well about the market and increase the volume in the wallet. With trading the profitability depends completely on the volume available for trading. More the volume, bigger will be the profit as well as the risk associated. Apart trading everything is much risky and depends on luck factor.

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July 15, 2023, 10:17:58 PM
 #66

-snip-
Of course, DCA is a very essential strategy to accumulate more of bitcoin and grow your bitcoin portfolio. And it’s also an effective way to minimize the risk since you are not going to put your money all in but only when you have spare money to spend. Also, I believe long term hodling is an effective way to grow more bitcoin because you sell your bitcoin at its peak price, then you can have the opportunity again to buy back good amount of bitcoin when they are in bargain.
As long as you feel your strategy is useful for accumulating bitcoin - then do it consistently. I believe DCA to be one of them - but scalping is also a good thing to consider. Meanwhile if you have special skills - you can also offer services, you can also gamble and you can also take advantage of staking.

It doesn't matter in what way - as long as it's profitable then go for it. It's just - everything you do will have consequences whether it impacts positively or negatively on your portfolio. Do it carefully and thoughtfully.
True, we are the only ones who would really be able to know and realize if ever the things we've been doing is neither that effective or not. There's no way that other people could able to tell which thing

that fits on you because you are the only one who would really be finding those ways or methods on handling out your investment and making decisions towards it.@OP, just make it sure that you wont
really be catering or listening some random pm's that you might received about some offerings on making you earn on shortest time as possible and with big amount or something that pertains
about too good to be true offers because thats a complete or 100% scam which you should need to watch out and be careful.

This is why you are the ones who would be needing to find the ways or method which you do seem that it do works for you, it isnt bad to snip out on other ideas as well
which always stick out on something realistic and something legit of course.
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July 15, 2023, 11:58:33 PM
 #67

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 grow your Bitcoin by trading, this is the only method I know that you don't have to lose your Bitcoin if you understand trading very well. You can also grow your Bitcoin by investing in altcoins but this is a very risky approach as altcoins are riskier investment than Bitcoin. Their market are very volatile and there's so much scams going on that you can invest in a scam thinking it was a legit project. Altcoins can be traded for Bitcoin and it increase your Bitcoin amount.

Don't believe any sites that promise you return if you send them your Bitcoin because they're scammers, some of them promise to trade for you but they're lying. Others also promise they'll be mining and your investment will help them get more miners but they're all lie as well

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July 16, 2023, 06:48:19 AM
 #68

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 want to grow your Bitcoin investment again, you can do it through trading. However, before trading, it is necessary to know the method, otherwise, trading in bitcoins cannot be profitable. Moreover, Bitcoins can be increased by APY by investing Bitcoins, where a certain percentage is given to various exchanges. Your bitcoins can grow by that percentage but there are risks involved so you need to use trusted exchanges. Also if you buy bitcoins and stacking on binance then it will give you a certain amount of profit from which your bitcoins will grow. But you must consult well before starting this because there are risks involved and you have to avoid risk and then invest.

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July 16, 2023, 06:37:17 PM
 #69

Everything will definitely be at risk. If you want to do staking with APY which is of course quite profitable in the long term, you can do it on Binance. There are many options available that you can use to double your Bitcoin. But remember, that the risk is your own responsibility.
Staking while holding long term is a pretty good idea. But centralized exchanges are at risk of being lost due to hacking or other issues. If you don't want to take any risks, then hold on until you reach ATH again.
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July 16, 2023, 06:53:12 PM
 #70

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.
Op please don't mean gambling min the investment plan of bitcoin. If you want to grow your bitcoin remove gambling because in gambling you are not to grow your bitcoins but lost it. Though if you have luck and win but winning is probability and before you win a gamble, you will loss a good amount of the funds so I will also join other user to advise you to open Electrum Wallet and keep your Bitcoins and keep them there. And wait for the bull to come.

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July 16, 2023, 09:30:30 PM
 #71

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.
Gambling will never be a means to grow your bitcoin. In fact, it could be the easiest way to lose all your bitcoin in just a second. So avoid gambling your bitcoin as much as possible. However, if you want to grow your bitcoin, then save a lot of funds so you can accumulate good amount of bitcoin. And use them as long term investments. And when bitcoin halving is around, take time to sell because for sure huge profits is waiting ahead, and you can use again your profits to buy another set of bitcoin and hold them again for years.

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July 16, 2023, 10:00:31 PM
 #72

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY.
I would have said trading, but some people see trading as gambling 🎰

Is there any proven low risk method.
Key word here "proven"...

The only low risk method to grow bitcoins by value has to be buying the bitcoin and hodl!!!

Though other methods could include offering loans like here on the forum which should give you good returns depending on the percentage applied on the loan's themselves.

For high risk investments
  • Gambling
  • Trading btc on charts, if you pick wrong direction your position is liquidated

R


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July 16, 2023, 10:47:01 PM
 #73

I know this is not particularly profound insight but when it comes to growing your bitcoin, the easiest way is to just stay humble and work a job to buy more bitcoin.

If you take on any new risk with your existing bitcoin, you just run the (unnecessary) risk of losing your bitcoin. If you have a lot of bitcoin, that risk might be worth it for some of your stack but I think that for most, the best way is to just stay humble and stack sats.

I'm here to chew bubblegum and stack sats....and I'm all out of bubblegum. - Learn More About Bitcoin: What Is Bitcoin?
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July 17, 2023, 06:13:42 AM
 #74

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.
Gambling will never be a means to grow your bitcoin. In fact, it could be the easiest way to lose all your bitcoin in just a second. So avoid gambling your bitcoin as much as possible. However, if you want to grow your bitcoin, then save a lot of funds so you can accumulate good amount of bitcoin. And use them as long term investments. And when bitcoin halving is around, take time to sell because for sure huge profits is waiting ahead, and you can use again your profits to buy another set of bitcoin and hold them again for years.

It's sad indeed, it's still heard from many people, they still think that investing in BTC is like gambling. But what the OP asked was great and how do we get out of it and your suggestions have led. Yes, The basic of concept in investing in BTC to be successful is have a long-term HODL pattern and keep accumulating it slowly or halfway through peer-to-peer transactions with other individuals who want to sell Bitcoin.

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July 17, 2023, 10:51:54 AM
 #75

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 no other way but to hold. But if you can do trading, then that is also a great venue to grow your Bitcoin. However, we don't forget the risk that involves in trading and we have also to know that not all went successful from doing this. That is why if we are looking for low risk in growing our money and as long as we have patience, we can do the holding and just sell when the next bull season comes. Don't get fooled by following groups that help you grow your investment and earn fast as it was certainly a scam investment.

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July 18, 2023, 05:48:27 AM
 #76

If you put your bitcoin on a gambling site and gamble with it, you are most likely going to lose all that you use to gamble. Gambling is not a way to grow your coin.

HAHAHHAHAH yes you have a good point gambling sometimes can grow your btc OP but the chance is 50:50  Grin Grin so I would never pick this neither you too OP.

Tho if you dont want to put your money into a centralized exchange then you can only HODL your coin and nothing else.

or you can search decentralized app who accept bitcoin as loan

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July 18, 2023, 08:01:46 AM
 #77

Best ways are

Invest it on start up projects
Trade it with multiple altcoins
Lend it to reputable users
Or became a p2p seller in your neighborhood

This are one of the few option you can select with so maybe try one of this and look if one of them will work. There are other more suggestion so find those methods that can generate you more decent result.


If you put your bitcoin on a gambling site and gamble with it, you are most likely going to lose all that you use to gamble. Gambling is not a way to grow your coin.

HAHAHHAHAH yes you have a good point gambling sometimes can grow your btc OP but the chance is 50:50  Grin Grin so I would never pick this neither you too OP.

Tho if you dont want to put your money into a centralized exchange then you can only HODL your coin and nothing else.

or you can search decentralized app who accept bitcoin as loan

Gambling is no assurance and it might be a bad decision for investor to select this option since they might not like the result after they finish play the game.

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July 18, 2023, 12:38:51 PM
 #78

Gambling is no assurance and it might be a bad decision for investor to select this option since they might not like the result after they finish play the game.
if it were to grow the value of the investment made by putting it into the casino, it would give those who did so a loss. more gamblers win small and lose more. that's what happens a lot.
trading altcoins with Bitcoin pairs is a pretty good choice to grow the Bitcoins we have. most importantly we have skills in altcoin trading. because altcoins have faster price fluctuations, and if you don't have the skills then what happens is the same as gambling.

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July 19, 2023, 01:48:15 AM
 #79

Gambling is no assurance and it might be a bad decision for investor to select this option since they might not like the result after they finish play the game.

Hahaha absolutely if people want grow their bitcoin through a gambling system maybe he is insane.


The Op wants low risk but does not believe Centralized Exchange that is hard since Btc at first is Proof of work not proof of stake so growing it would be hard maybe you can try whirldwind apy program or jambler but your bitcoin will be use for mixing coin.

or you can setup lightning network and get paid for it tho it will require some technical thing

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July 19, 2023, 04:11:32 AM
 #80

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.
Gambling is not a guaranteed source of income and thus gambling has a high chance of losing your hard earned money. So it is completely foolish to choose such a platform to grow money fast. If a person decides to hold a long-term investment in Bitcoin, he can increase his Bitcoin assets. I believe that others will also prioritize holding in Bitcoin because it is the only low-risk investment method. An investor in Bitcoin will never lose in the long run. If one wants to make certain profits then there is no alternative to long term investment in Bitcoin.
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