How can I make my BTC work instead of HODLing them?

xandriel

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Quote from: Feri22 on January 25, 2015, 08:09:36 AM

I lost 5 BTC at BTCJAM...most people there are running ponzi schemes, they pay back until they don't...not very good advice spazzdla...Lending in BTCJAM is gambling as well and the "winning potential" is even worse than in casinos...

Lending in BTCJam is NOT gambling, it is investing. Just be wise about where you invest. Some people only pay attention to the return rate of interest, and lose their coins because the deal was just too good to be true.
There are many good borrowers on BTCJam, honest people with good credit and payment history. You really can make a decent profit.

picolo

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Quote from: zebedee on January 26, 2015, 08:48:39 AM

Dude, haven't you realized the fucking game yet? It's "are you smart enough to have been the guy holding the bitcoins?"

Through thick and thin, they'll try to get you to give up your coinz. If you're smart, you'll say no. If you're a loser you'll say yes. Such is the story of life.

Inspiring

AtheistAKASaneBrain

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Quote from: zebedee on January 26, 2015, 08:48:39 AM

Dude, haven't you realized the fucking game yet? It's "are you smart enough to have been the guy holding the bitcoins?"

Through thick and thin, they'll try to get you to give up your coinz. If you're smart, you'll say no. If you're a loser you'll say yes. Such is the story of life.

Yeah but everyone wants to be rich, and you are not going to be rich holding the same amount of BTC (he probably hasn't got much).
So he wants more. No one wants to hold 1 BTC only and pray to St Satoshi that it will ever be worth 1 million.
You need at least 100 or something. Only holding gets you nowhere.

LitcoinCollector

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Sensible thing to do is hold them for 10 years and buy more on the way.

If you like to speculate you can invest in an upcomming alt, but there is some risk involved.

zebedee

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Dude, haven't you realized the fucking game yet? It's "are you smart enough to have been the guy holding the bitcoins?"

Through thick and thin, they'll try to get you to give up your coinz. If you're smart, you'll say no. If you're a loser you'll say yes. Such is the story of life.

tutkarz

hero member

Activity: 546

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Selling stuff for bitcoin is good idea, especially that it helps economy to grow. All other things are risky gambling.

picolo

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Quote from: pereira4 on January 25, 2015, 09:37:37 AM

Quote from: BlindMayorBitcorn on January 25, 2015, 08:39:58 AM

The only way I know to make exponential gains is in altcoins. But you need inside information and you probably just end up dumping on someone else's head. The only honest way is gambling. My vote is HODL for now

You don't make more bitcoin holding, you make more dollars, and I dont want more dollars, I want more bitcoins, so I need ideas

You could make more dollars then buy bitcoins or you could start a long position on bitcoin and you will profit if bitcoin's price rises.

BlindMayorBitcorn

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Quote from: pereira4 on January 25, 2015, 09:37:37 AM

Quote from: BlindMayorBitcorn on January 25, 2015, 08:39:58 AM

The only way I know to make exponential gains is in altcoins. But you need inside information and you probably just end up dumping on someone else's head. The only honest way is gambling. My vote is HODL for now

You don't make more bitcoin holding, you make more dollars, and I dont want more dollars, I want more bitcoins, so I need ideas

Pretend you're an artisan woodcarver and sell your work to gullible n00bs

pereira4

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Quote from: BlindMayorBitcorn on January 25, 2015, 08:39:58 AM

The only way I know to make exponential gains is in altcoins. But you need inside information and you probably just end up dumping on someone else's head. The only honest way is gambling. My vote is HODL for now

You don't make more bitcoin holding, you make more dollars, and I dont want more dollars, I want more bitcoins, so I need ideas

BlindMayorBitcorn

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The only way I know to make exponential gains is in altcoins. But you need inside information and you probably just end up dumping on someone else's head. The only honest way is gambling. My vote is HODL for now

picolo

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Quote from: Kprawn on January 25, 2015, 07:13:19 AM

At what price did you buy the 10 BTC { Most people, think it's not growing, if it's hoarded, but I disagree.... If you bought low, and you sell, when it's passed that price, it has made you profit already }

There are loads of new crypto currency projects out there, in search of investment, but it might be a mine field, if you do not know how to spot a winning horse. Wink

Take some of the BTC and day trade a bit, and see if you can profit off of that.

Just keep some of it in cold storage, you will never know, when the next killer APP might push Bitcoin into the mainstream and things will explode!

It is very unlikely to profit from day trading if you are not experienced in that field.

Feri22

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Quote from: spazzdla on January 23, 2015, 09:23:24 AM

Quote from: yakuza699 on January 23, 2015, 08:22:50 AM

Quote from: Ig0r8 on January 23, 2015, 08:14:14 AM

Hi!
I have a small amount of BTC (like 10BTC) in cold storage. What would you suggest me to do to make some profit out of it? I used to HODL them, but now I want them to grow (even if its few satoshis a day... still better then nothing lol)
I'm not talking about HYIP or trading BTC/USD/other - because I don't understand how they work and I would easily loose money there.

Your best bet are casinos.You know that they have an edge so you could easily profit form that in a long run.

No.. NO.. DAMN NO..

Use BTCJAM and lend people BTC to grow your bitcoin wealth.

I lost 5 BTC at BTCJAM...most people there are running ponzi schemes, they pay back until they don't...not very good advice spazzdla...Lending in BTCJAM is gambling as well and the "winning potential" is even worse than in casinos...

Kprawn

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At what price did you buy the 10 BTC { Most people, think it's not growing, if it's hoarded, but I disagree.... If you bought low, and you sell, when it's passed that price, it has made you profit already }

There are loads of new crypto currency projects out there, in search of investment, but it might be a mine field, if you do not know how to spot a winning horse. Wink

Take some of the BTC and day trade a bit, and see if you can profit off of that.

Just keep some of it in cold storage, you will never know, when the next killer APP might push Bitcoin into the mainstream and things will explode!

picolo

hero member

Activity: 1022

Merit: 500

Quote from: Ig0r8 on January 23, 2015, 08:14:14 AM

Hi!
I have a small amount of BTC (like 10BTC) in cold storage. What would you suggest me to do to make some profit out of it? I used to HODL them, but now I want them to grow (even if its few satoshis a day... still better then nothing lol)
I'm not talking about HYIP or trading BTC/USD/other - because I don't understand how they work and I would easily loose money there.

Hold 8 and invest 2 in casino bankroll, lending or cloud mining.

rosh

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Wait till bitcoin banks enter the scene.

sandy47bt

jr. member

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Invest at gambling site like win88.me / multidice.me is good option
Loan your bitcoin with collateral is very good option

BUT, never invest your bitcoin at ponzi. I'm sure your bitcoin will gone

AtheistAKASaneBrain

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Quote from: DoubleTrouble on January 24, 2015, 10:38:38 AM

Quote from: manselr on January 24, 2015, 10:30:32 AM

What about loans? it could work but im scared that the mofos wouldn't pay me back.

You could, just make sure you take escrow equal to or more than the loan amount and then it won't matter if they don't pay you back.

Im also interested in loans. Who pays the escrow? And how does it work like, as far as I know escrows own your coins and freeze them until the deal is done (the other party also puts it in the escrow) or the deal is canceled. But how is the other person going to make use of my bitcoins if they are stuck no the escrow? I just dont get it.

DoubleTrouble

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Quote from: manselr on January 24, 2015, 10:30:32 AM

What about loans? it could work but im scared that the mofos wouldn't pay me back.

You could, just make sure you take escrow equal to or more than the loan amount and then it won't matter if they don't pay you back.

manselr

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What about loans? it could work but im scared that the mofos wouldn't pay me back.

JimClone

sr. member

Activity: 322

Merit: 250

Invest in a dice site. This is also risky if someone like Hufflepuff comes along and wins then goodbye to your coins.

Topic: How can I make my BTC work instead of HODLing them? (Read 2114 times)