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Author Topic: question: how can i grow my bitcoins  (Read 3356 times)
cowandtea
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July 22, 2014, 11:36:40 AM
 #21

I want to grow my bitcoins not by dollar value but amount I have, i've gambled a lot then sold my bitcoins at a higher dollar value but that doesn't work after awhile I used btcjam but I'm not really trusting of the people on there is there another trusted site other then btcjam.com

If you are trying to use the bitcoin that you currently have to grow it, it is actually hard and the chances of losing it is higher. Advice you to use other method like faucets and referral.

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July 22, 2014, 12:35:18 PM
 #22

I want to grow my bitcoins not by dollar value but amount I have, i've gambled a lot then sold my bitcoins at a higher dollar value but that doesn't work after awhile I used btcjam but I'm not really trusting of the people on there is there another trusted site other then btcjam.com

If you are trying to use the bitcoin that you currently have to grow it, it is actually hard and the chances of losing it is higher. Advice you to use other method like faucets and referral.

With faucets you can only earn some btc dust, the gain is really low but with referrals is a bit more easy if you have a blog with some decent traffic.
If you want to risk a small part of your initial capital you could buy some promising altcoins or you can try with the most trusted ones.
bigwig456
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July 22, 2014, 02:44:28 PM
 #23

I think we all want to grow our bitcoins. You just have to find your tolerance for risk since there's no profit without taking risks. Question is how much risk for how much profit?
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July 22, 2014, 04:05:01 PM
 #24

At this stage of the game I don't think there's any option without unacceptable levels of risk. Be happy with what you have and look into it again a few years down the line.

Agreed. Wait till a bitcoin bank (with insured deposits) opens.
At the rate at which bitcoin is progressing, it won't be long.

Having a bitcoin bank kind of defeat the purpose of peer to peer currency.


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July 22, 2014, 05:00:16 PM
 #25

At this stage of the game I don't think there's any option without unacceptable levels of risk. Be happy with what you have and look into it again a few years down the line.

Agreed. Wait till a bitcoin bank (with insured deposits) opens.
At the rate at which bitcoin is progressing, it won't be long.

Having a bitcoin bank kind of defeat the purpose of peer to peer currency.


Not necessarily.

All it has to do is offer loans, pay interest, and be a safe-keeping for those who think that they don't have the security in order to hold larger amount of Bitcoin, or any at all. It could also be a good way to make money of loans, if it offers an insured program, so that you could make money off of loaning your coins out, with minimal risk.

People could still keep the P2P aspect, it's just banks could help the population adopt it, and then the masses can move their focus away from the bank and to their own wallets, etc.
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July 22, 2014, 07:25:32 PM
 #26

At this stage of the game I don't think there's any option without unacceptable levels of risk. Be happy with what you have and look into it again a few years down the line.

Agreed. Wait till a bitcoin bank (with insured deposits) opens.
At the rate at which bitcoin is progressing, it won't be long.

Having a bitcoin bank kind of defeat the purpose of peer to peer currency.
I would disagree as banks provide services to it's customer, such as keeping customer funds safe from theft.

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sandykho47
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July 24, 2014, 09:23:46 AM
 #27

I think this 4 idea is good :
1. Cloud mining
2. Gambling / become the bankroll (choose a great gambling site)
3. Loan your BTC (be careful)
4. Sell your BTC when price is high

I think we all want to grow our bitcoins. You just have to find your tolerance for risk since there's no profit without taking risks. Question is how much risk for how much profit?

Bigger Risk, Bigger Proft
Small Risk, Small Profit
I'm only take small risk (cloud mining)

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July 24, 2014, 09:54:37 AM
 #28

It's pretty hard to grow them when Just-Dice was around it was fairly safe to get a return on Bitcoins from gamblers
Till Nakowa comes along  Grin
Now I would say taking bets with small amounts and making predictions on outcomes seems easier than trading or gambling directly since the bitcoin stock market is annoying if you have some skill trading on exchanges with altcoins that also works, but stuff like guessing the DJIA or making your own bets if you can think of interesting ones seems to be the most stable.

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superresistant
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July 24, 2014, 10:01:12 AM
 #29


Never gamble.
Never invest in mining or cloud mining.
Never invest in any IPO.

Don't put too much money on online exchanges.

Buy XMR and NXT when their average price is low and HODL. In about one year you'll be rich.
Johanna
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July 24, 2014, 11:23:57 AM
 #30

I want to grow my bitcoins not by dollar value but amount I have, i've gambled a lot then sold my bitcoins at a higher dollar value but that doesn't work after awhile I used btcjam but I'm not really trusting of the people on there is there another trusted site other then btcjam.com

Don't gamble and don't invest your bitcoin is the best way.

Yakamoto
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July 24, 2014, 03:31:34 PM
 #31


Never gamble.
Never invest in mining or cloud mining.
Never invest in any IPO.

Don't put too much money on online exchanges.

Buy XMR and NXT when their average price is low and HODL. In about one year you'll be rich.

Follow this man's advice!

Ad especially don't invest in IPOs, I really want to emphasize that. Things like Etherum or whatever aren't a good investment in my opinion, since a single Bitcoin is equal to 2,000 or them, or about 2mBTC/piece. That's $1.20/coin, and I'd be surprised if it can go up from there. However, I cannot believe it raised $3.3 million dollars...
InwardContour
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July 24, 2014, 03:47:31 PM
 #32

I think this 4 idea is good :
1. Cloud mining
2. Gambling / become the bankroll (choose a great gambling site)
3. Loan your BTC (be careful)
4. Sell your BTC when price is high

I think we all want to grow our bitcoins. You just have to find your tolerance for risk since there's no profit without taking risks. Question is how much risk for how much profit?

Bigger Risk, Bigger Proft
Small Risk, Small Profit
I'm only take small risk (cloud mining)

1 Cloud mining isn't profitable anymore, you have to be very lucky in order to have some ROI.
2 Gambling is the fastest way to lose all your bitcoins.
3 Loan is very risky, there are people who loans without collaterals, don't do it.
4 Just hold if you aren't an experienced trader.

tsoPANos
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July 24, 2014, 03:50:34 PM
 #33

If you can find a reputable casino to invest in their bankroll then you can likely earn a pretty decent return on your bitcoin

You used to be able to earn a good return at Just Dice but they have now shut. The only problem is trust, would I trust any of the other casino's to shut down and return all my BTC?

Recommendations and reasons why to trust another casino would be useful.
I used just-dice and I have to say that I lost roughly  0.01 btc cause of whale bets.
enhu
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July 24, 2014, 03:52:08 PM
 #34

quit betting and perhaps provide services to gain bitcoins instead.

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July 24, 2014, 09:43:13 PM
 #35

IPOs are fine as long as you're just throwing in pocket money. Anyone who put $20-50 into NEM can already realise $1000 plus and it hasn't even launched yet.

I definitely wouldn't be putting anything into much of the present breed that seems to have popped up. Their pricing assumes ludicrous market caps right from the offing.
DhaniBoy
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August 28, 2014, 09:30:10 AM
 #36

Maybe you can investing your bitcoin in PBmining.com or CEX.IO, that's an alternate investing that you can trust, but in investing we must prepare for that in investing sometimes up and sometimes down, hopefully you can grow your bitcoins as soon as possible ... 

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August 28, 2014, 10:28:05 AM
 #37

You can become a lender on http://btcjam.com. There is risk but all investments carry risk.

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August 28, 2014, 01:24:06 PM
 #38

Since you take joy in gambling i suggest you look for gambling sites to enrich yourself.Good luck.

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August 28, 2014, 03:00:28 PM
 #39


You need a soil rich in nutriments, water and patience.
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August 29, 2014, 02:43:32 PM
 #40

Gambling is good but you will either come out of that better off or worse off. If you are wanting to grow your bitcoins you need to be looking at a way to gain rather than it going both ways. Offering a service and being paid via bitcoin or even becoming a lender are ways you could consider to help to grow your bitcoins.
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