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Author Topic: Methods of growing your Bitcoin?  (Read 453412 times)
winspiral
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January 11, 2016, 11:33:49 AM
 #3621

There are some legitimate ways of growing your bitcoin. Personally, I rely on cloud mining companies like Genesis which have proved to be reliable. They don't promise to give a quick return but at least, I have been getting payouts for the past 6 months. Also investing in P2P lending sites like BTC jam, loanbase etc can be a good way to grow your bitcoin. However, you have to be careful on the kind of borrowers as some of them end up scamming you.

Take care mate, as you noticed most of this called "cloud mining" sites are just ponzi schemes nowadays, and finish by running out with the "investors" money, so i advice you to withdraw your actual earnings and be aware from them

I hope you are not talking about my U2cloudmining system... Huh



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January 11, 2016, 11:59:27 AM
 #3622

I always thought opening a bitcoin bank would give a lot of profit but you need lots of bitcoins, you could give loans to people with collateral and have different fees for different periods of time.

bank would be a problem if the government want to take something from you like taxes because you will be opening a business so those greed for money will do anything to take advantage of that. It is better to just have a wallet then send it to people who need it and you also trust.
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January 11, 2016, 12:16:53 PM
 #3623

A good method is faucets with organization optimized for your self...your own faucet list or better your "personal" rotator "timed for you".

Signature campaigns are most profitable for me for now.
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January 11, 2016, 02:14:52 PM
 #3624

I always thought opening a bitcoin bank would give a lot of profit but you need lots of bitcoins, you could give loans to people with collateral and have different fees for different periods of time.
many lending sites, such as btcjam, bitlander, etc
you can try to short-term investments or long-term with lend bitcoin to person on the site, many of which provide assurance and good profit, it might be nice to try

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January 11, 2016, 02:21:03 PM
 #3625

I always thought opening a bitcoin bank would give a lot of profit but you need lots of bitcoins, you could give loans to people with collateral and have different fees for different periods of time.
many lending sites, such as btcjam, bitlander, etc
you can try to short-term investments or long-term with lend bitcoin to person on the site, many of which provide assurance and good profit, it might be nice to try


BTCjam are facing so much negative feedbacks now due to loaners. Why you suggested that site to him? Are you living proof for their legitimate status?

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blackmachinegun
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January 11, 2016, 04:49:11 PM
 #3626

The way i use to grow my btc is by buying altcoin especially dogecoin and ussually if bitcoin price up dogecoin are down..and i buy dogecoin when price is down compare to bitcoin and sell it when the price is up also compare to bitcoin
for altcoins trades you should be careful, although it altcoin popular as doge
I bought doge at the price 70 satoshi, 3-4 months ago, I have not sold it, because doge prices have not returned to that price, until now
wikenpp
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January 11, 2016, 09:18:36 PM
 #3627

The way i use to grow my btc is by buying altcoin especially dogecoin and ussually if bitcoin price up dogecoin are down..and i buy dogecoin when price is down compare to bitcoin and sell it when the price is up also compare to bitcoin
for altcoins trades you should be careful, although it altcoin popular as doge
I bought doge at the price 70 satoshi, 3-4 months ago, I have not sold it, because doge prices have not returned to that price, until now


Yeah Altcoin trading is very risky. Remember the scams and in that perspective most altcoins are scams.
Cheap rip-offs of bitcoin. It's been that way forever.
bitcoinmar
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January 11, 2016, 09:20:44 PM
 #3628

The way i use to grow my btc is by buying altcoin especially dogecoin and ussually if bitcoin price up dogecoin are down..and i buy dogecoin when price is down compare to bitcoin and sell it when the price is up also compare to bitcoin
for altcoins trades you should be careful, although it altcoin popular as doge
I bought doge at the price 70 satoshi, 3-4 months ago, I have not sold it, because doge prices have not returned to that price, until now


Yeah Altcoin trading is very risky. Remember the scams and in that perspective most altcoins are scams.
Cheap rip-offs of bitcoin. It's been that way forever.
If some one want to go in Altcoins then he must to some very hard work and then invest his hard earning money because too many developers doing this only for scams better invest in few solid coins like Dash. Clam and Litecoin
Nameless Coin
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January 11, 2016, 11:04:59 PM
 #3629

The way i use to grow my btc is by buying altcoin especially dogecoin and ussually if bitcoin price up dogecoin are down..and i buy dogecoin when price is down compare to bitcoin and sell it when the price is up also compare to bitcoin
for altcoins trades you should be careful, although it altcoin popular as doge
I bought doge at the price 70 satoshi, 3-4 months ago, I have not sold it, because doge prices have not returned to that price, until now


Yeah Altcoin trading is very risky. Remember the scams and in that perspective most altcoins are scams.
Cheap rip-offs of bitcoin. It's been that way forever.

I tried several altcoins and again and again it turned out to be a scam.
no altcoin for me anymore. I keep using my other skills with faucets.
fuathan
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January 12, 2016, 12:19:55 AM
 #3630

Smart trading... Just need to learn how to do smart trading...
Yakamoto
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January 12, 2016, 12:24:32 AM
 #3631

The way i use to grow my btc is by buying altcoin especially dogecoin and ussually if bitcoin price up dogecoin are down..and i buy dogecoin when price is down compare to bitcoin and sell it when the price is up also compare to bitcoin
for altcoins trades you should be careful, although it altcoin popular as doge
I bought doge at the price 70 satoshi, 3-4 months ago, I have not sold it, because doge prices have not returned to that price, until now


Yeah Altcoin trading is very risky. Remember the scams and in that perspective most altcoins are scams.
Cheap rip-offs of bitcoin. It's been that way forever.

I tried several altcoins and again and again it turned out to be a scam.
no altcoin for me anymore. I keep using my other skills with faucets.
This is pretty well the same reason that altcoins started to lose popularity early last year/late 2014. There were too many pump n dump scams going on, and everyone wanted to own their own cryptocurrency, so they lost value overall. No-one wanted to touch them as a result.

I think there was even a coin called unobtanium or something, that ended up being a scam as someone the creator knew, or the creator, had a bunch of hidden coins outside of the original 10, and so it slid from 10BTC to under 1BTC in less than 2 days, and its pretty well obsolete at this point.
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January 12, 2016, 01:02:14 AM
 #3632

Smart trading... Just need to learn how to do smart trading...

I also want to trading, but i don't know how to start. and i don't have big balance to do trading. For now i grows my bitcoin only from signature campaign and gambling.
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January 12, 2016, 03:09:25 AM
 #3633

The way i use to grow my btc is by buying altcoin especially dogecoin and ussually if bitcoin price up dogecoin are down..and i buy dogecoin when price is down compare to bitcoin and sell it when the price is up also compare to bitcoin
for altcoins trades you should be careful, although it altcoin popular as doge
I bought doge at the price 70 satoshi, 3-4 months ago, I have not sold it, because doge prices have not returned to that price, until now


Yeah Altcoin trading is very risky. Remember the scams and in that perspective most altcoins are scams.
Cheap rip-offs of bitcoin. It's been that way forever.
If some one want to go in Altcoins then he must to some very hard work and then invest his hard earning money because too many developers doing this only for scams better invest in few solid coins like Dash. Clam and Litecoin

That's why I never did other altcoin trading as it also a dust and waste of time. Others asking me why Im saying that and there are lot of promising coins. Nah Im different. There's no such thing as promising coins in my own view. That's the reality. If other people gain profit from it then it's fine. The only thing I like for altcoin is they are here to balance. Better to focus in Exchange Trading of BTC to USD and vice versa.

Anyways don't get mad at me guys. That is my own view. People have different views. Smiley

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goinmerry
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January 12, 2016, 06:17:23 AM
 #3634


That's why I never did other altcoin trading as it also a dust and waste of time. Others asking me why Im saying that and there are lot of promising coins. Nah Im different. There's no such thing as promising coins in my own view. That's the reality. If other people gain profit from it then it's fine. The only thing I like for altcoin is they are here to balance. Better to focus in Exchange Trading of BTC to USD and vice versa.

Anyways don't get mad at me guys. That is my own view. People have different views. Smiley

We have our own opinion regarding how you will trade. I know no one will get mad about that. I too dont do trading altcoin but not because I dont see profit but I dont have the right knowledge yet to this kind or earning.
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January 12, 2016, 09:18:03 AM
 #3635

we can all agree that there is safe way and risky way
in safe we can put mining, sig camp, faucets ...

and in risky
gambling, trading...



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January 12, 2016, 01:29:33 PM
 #3636

we can all agree that there is safe way and risky way
in safe we can put mining, sig camp, faucets ...

and in risky
gambling, trading...


Yup! categorizing the methods in growing bitcoin that keep newbie the knowledge in growing there bitcoin safe but I think mining will be risky too in some other part of the country!
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January 12, 2016, 02:01:58 PM
 #3637

Smart trading... Just need to learn how to do smart trading...

I also want to trading, but i don't know how to start. and i don't have big balance to do trading. For now i grows my bitcoin only from signature campaign and gambling.

You can start there, accumulate bitcoins while you study the art of trading. Hopefully when you have enough bitcoins, your knowledge is also enough to trade. There are a lot of online tutorials.you can read about trading. It does not have to be about trading bitcoin, but any, like forex. Just learn the basics and go from there.

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January 12, 2016, 02:04:30 PM
 #3638

The way i use to grow my btc is by buying altcoin especially dogecoin and ussually if bitcoin price up dogecoin are down..and i buy dogecoin when price is down compare to bitcoin and sell it when the price is up also compare to bitcoin
for altcoins trades you should be careful, although it altcoin popular as doge
I bought doge at the price 70 satoshi, 3-4 months ago, I have not sold it, because doge prices have not returned to that price, until now


Yeah Altcoin trading is very risky. Remember the scams and in that perspective most altcoins are scams.
Cheap rip-offs of bitcoin. It's been that way forever.

That is why I am just preferring for bitcoin and not altcoins I don't like getting scam.
Also bitcoin is not that same either but at least with bitcoin you can trust more website than altcoins.

A lot of people are making new coins every month and that can be a big scam.
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January 12, 2016, 02:16:42 PM
 #3639

The way i use to grow my btc is by buying altcoin especially dogecoin and ussually if bitcoin price up dogecoin are down..and i buy dogecoin when price is down compare to bitcoin and sell it when the price is up also compare to bitcoin
for altcoins trades you should be careful, although it altcoin popular as doge
I bought doge at the price 70 satoshi, 3-4 months ago, I have not sold it, because doge prices have not returned to that price, until now


Yeah Altcoin trading is very risky. Remember the scams and in that perspective most altcoins are scams.
Cheap rip-offs of bitcoin. It's been that way forever.

That is why I am just preferring for bitcoin and not altcoins I don't like getting scam.
Also bitcoin is not that same either but at least with bitcoin you can trust more website than altcoins.

A lot of people are making new coins every month and that can be a big scam.

I'm sceptic about altcoins since I invested in Vericoin and thought it had potential. Just like blackcoin it's garbage now. Unless there's a whole different innovation (not some copy paste shit) when it comes to crypto, I don't think many altcoins will survive or gain value long term.
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January 12, 2016, 02:41:58 PM
 #3640



You can start there, accumulate bitcoins while you study the art of trading. Hopefully when you have enough bitcoins, your knowledge is also enough to trade. There are a lot of online tutorials.you can read about trading. It does not have to be about trading bitcoin, but any, like forex. Just learn the basics and go from there.

And one more thing, how can people will experience the art of trading if they are always saying they doesn't have any experience. How come they will gain experience if they will not get into it. Slowly but surely they will learn how trading is done.

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