Topic: How can I grow my Crypto Bag without trading (Read 471 times)
Staking and farming is two other possible ways by which you can grow your crypto bag without necessarily trading and mind you everyone must not trade. Holding is also a possible way to earn but yuu have to consider how you react to the market when it dips and how patient you can be for new bullish run
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So, are there ways to increase my bag without Trading?
Yes there are many techniques to increase your wealth without trading like buying a coin and then holding it for certain period of time (hodling). There is another technique called DCA dollar cost averaging where you keep buying satoshis for a day, week or month.
https://dcabtc.com/
Yes, in the DCA (Dollar Cost Average) method, hodler will undoubtedly gain the most. It is one of the best methods, although many people do not like it because it requires patience. When I first started investing through this DCA method, I also thought it would be challenging to make regular weekly investments, but with time I found that it was very interesting and profitable as well.
So, are there ways to increase my bag without Trading?
Yes there are many techniques to increase your wealth without trading like buying a coin and then holding it for certain period of time (hodling). There is another technique called DCA dollar cost averaging where you keep buying satoshis for a day, week or month.
https://dcabtc.com/
Yes, in the DCA (Dollar Cost Average) method, hodler will undoubtedly gain the most. It is one of the best methods, although many people do not like it because it requires patience. When I first started investing through this DCA method, I also thought it would be challenging to make regular weekly investments, but with time I found that it was very interesting and profitable as well.
So, are there ways to increase my bag without Trading?
Yes there are many techniques to increase your wealth without trading like buying a coin and then holding it for certain period of time (hodling). There is another technique called DCA dollar cost averaging where you keep buying satoshis for a day, week or month.
https://dcabtc.com/
i think the only way to grow your bitcoin amount without trading is investing for a long time,if you dont have good trading skills then holding your good coins and focusing on that,maybe the best thing you can do or at least thats what i see , thats less risky and also ROI ( returns of investments) is much better than daily trading.
Growing your cryptocurrency bag is all about determination, courage and patience. This is best done when you are not depending on your capital , you have other source of income where money is coming . You can but a coin hold it for sometime to get some cool profits.
Currently, this is the best way to increase your crypto bag because right now mostly having air drops or any other unauthentic method is not helping just waste of your time and energy we need to avoid them and having some better way just give services with skills or buy crypto with your savings and put them for some time because this can give you good profit in near future.If you don't have any capital then you don't have a choice to take this option since you will not grow your bag hold if you didn't try your luck to join on any of those, but other option other should take is to take some job which pays you a crypto you desired or by token on some project newly launch although its risky not to get paid but make sure you deal with right clients so that you will get compensated on the effort you do.
They're many ways to earn profits without trading, I'll list out some ways I've benefitted from.....
1. Staking and Lending
Staking is more like holding, it is when you purchase coins but do not make use of them, you just hodl them and watch it grow over a period.
You can choose to lend coins to many other investors and make profits from the interest charge.
2. Forums that promotes crypto
They're so many forums and application that promote crypto, you could engage your self in task given.
3. Investing
This is a long term strategy used to buy and hold crypto assets. The investing strategy requires that you're able to identify assets that are stable and that will serve long term purposes.
4. MINNING
When you mine crypto, you get a chance of getting more coins.
5. AIRDROPS
Being part of an airdrop can fetch you plenty coins, airdrop is used to create awareness.
1. Staking and Lending
Staking is more like holding, it is when you purchase coins but do not make use of them, you just hodl them and watch it grow over a period.
You can choose to lend coins to many other investors and make profits from the interest charge.
2. Forums that promotes crypto
They're so many forums and application that promote crypto, you could engage your self in task given.
3. Investing
This is a long term strategy used to buy and hold crypto assets. The investing strategy requires that you're able to identify assets that are stable and that will serve long term purposes.
4. MINNING
When you mine crypto, you get a chance of getting more coins.
5. AIRDROPS
Being part of an airdrop can fetch you plenty coins, airdrop is used to create awareness.
Growing your cryptocurrency bag is all about determination, courage and patience. This is best done when you are not depending on your capital , you have other source of income where money is coming . You can but a coin hold it for sometime to get some cool profits.
Currently, this is the best way to increase your crypto bag because right now mostly having air drops or any other unauthentic method is not helping just waste of your time and energy we need to avoid them and having some better way just give services with skills or buy crypto with your savings and put them for some time because this can give you good profit in near future. Hi everyone,
I'm new to Bitcoin and crypto in general, though I'm learning and growing fast.
I hold some coins but I wonder if I am making profit that way. Trading really require more skills and knowledge of crypto and the trading platform, hence I don't want to rush in. So, are there ways to increase my bag without Trading?
Growing your bag is not instantaneous especially if you are have interest in making big profit consistently. Any way you choose to follow be it trading , holding, staking or what other method you adopt you still need to learn how to get the best out of which ever you choose. But the most difficult is trading but once you are passionate about what you do it could be the easiest to you. First get to know how each of them works then find they method that interest you most I'm new to Bitcoin and crypto in general, though I'm learning and growing fast.
I hold some coins but I wonder if I am making profit that way. Trading really require more skills and knowledge of crypto and the trading platform, hence I don't want to rush in. So, are there ways to increase my bag without Trading?
Growing your cryptocurrency bag is all about determination, courage and patience. This is best done when you are not depending on your capital , you have other source of income where money is coming . You can but a coin hold it for sometime to get some cool profits.
Without trading or investing in crypto if you want to full your bag then the only way is work for crypto/bitcoin. If you have any skill which is done by internet then You can sell your service here in this forum. Also you can do bounty or signature campaign which help to earn a little bit without trading. But this needs your account atleast Jr member.
One more way to increase your btc holding without trading is to HODL. Just keep your btc in your wallet and sell them only when price goes up. That's a tested strategy that has very low risk involved, obviously it will take time as compared to trading strategy.
OP account is low for bounty, may be he can start some service here like lending coins or staking his coin can also increase his btc holdings.
Safest option is to find a good DeFi project that will allow you to loan your assets and gain interest from the loan, that way you won't lose them from bad trades. Also, some projects will reward you with their governance token in addition to you gaining interest from your asset loan as well. Hard to lose when using these platforms!
The stage at which you buy a new coin is very important. And if you invest on a private round or seed, that you have better conditions for buying than those who buy a coin on a public round or on the exchange after TGE. But you should always remember that not all coins bring profit to their owners, so you need to distribute your funds evenly between several projects.
Well, when it comes to increment, it's always either in value of what you've got with respect to fiat value or actually accumulating more bitcoins which is also reflected in the fiat value. Which eve way it is, its important to note that, there is always risk in business. Should you think of actually doing business which revolves around trading, gambling and other means, you've got possibly something to loose but again, should you be a merchant, you could open a window to receive payments in bitcoin. On the other hand, you could either choose hodling on investments and actually buying more coins from time to time. It feels a lot more safe that way but then, you must try not to sell. That's the whole point of hodling and should you meet with a job that pays in bitcoin, its all good.
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Without trading or investing in crypto if you want to full your bag then the only way is work for crypto/bitcoin. If you have any skill which is done by internet then You can sell your service here in this forum. Also you can do bounty or signature campaign which help to earn a little bit without trading. But this needs your account atleast Jr member.
Get a job or a skill work that pays. don't do bounties here. they pay peanuts and you can't make anything from it. find something that can pay you offline. then invest a little percent of it in bitcoin and ethereum. Or any of the token coin in the crypto market. it will surely payoff in the long run. be careful of where to invest your money to avoid buying the wrong token. Note, there are duplicates and some coins are fake.
Isn't staking and lending the only way?
Of course staking and lending are not the only way. I think you need to try the p2e NFT gaming mode where you'll get more substantial profit.
legendary
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Safest option is to find a good DeFi project that will allow you to loan your assets and gain interest from the loan, that way you won't lose them from bad trades. Also, some projects will reward you with their governance token in addition to you gaining interest from your asset loan as well. Hard to lose when using these platforms!
Immediate you store your Bitcoin/coins on platform that take over control of your Bitcoin, then you don't have any Bitcoin obviously until you get them back under your full custody (in personal wallet) again. Haven't you heard of the phrase, 'not your private key, not your Bitcoin'.
The safest option to increase your bags without trading has already been said in the first reply been merited above. You should just be buying more Bitcoin with fiats but the problem here should be how to get more fiats, that you have to sort out yourself.
Defi aren't no safe option buddy, they're getting exploited every now and then and the chances of this project exiting scam are high and in the next bear market which is coming soon, 90% of them currently in the market will die down or lose their trading volume due to the sector losing hype.
Safest option is to find a good DeFi project that will allow you to loan your assets and gain interest from the loan, that way you won't lose them from bad trades. Also, some projects will reward you with their governance token in addition to you gaining interest from your asset loan as well. Hard to lose when using these platforms!
There's this fiat saving style that is done in my country. People refer to it with different names such as osusu, akawo etc. It is generally a model where a fixed number of persons (for example 10 persons) agree to contribute a fixed sum daily/weekly/monthly depending on the agreement. After every one contributes, the money is gathered and given to one of the participants, that is 1 participant from one example collects the contribution of the other 9, If the contribution runs for 10 weeks, at the end of each week, another person collects every body's money and then he/she contributes for the next week for another person to take. People use this model to save fiat for themselves, if we can apply this model to cryptocurrency, i believe it is a way to grow your crypto Portfolio.
They only challenge to this is the issue of fluctuating rates, which i believe a solution can be put forward to.
They only challenge to this is the issue of fluctuating rates, which i believe a solution can be put forward to.
Isn't staking and lending the only way?
Don't make such move in this very volatile market since no one could actually tell what could be the price tomorrow and investing the money that you lent or borrowed is always not a good choice. Make it a practice not to do that move because it happens already in the past where most people sold their house, quit their good paying jobs, or borrowed some money but they didn't expect to happen that the bubble suddenly crush and all that's left to them is frustration while looking at their portfolio going down every day.It's better if you can find another good paying job/side hustle in order for you to invest/add more to your Bitcoin portfolio.
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