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

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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

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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

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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

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

nextblast

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You can deposit your coins to earn interest like this.
https://bitcointalksearch.org/topic/updated-choices-for-earning-btc-interest-774359

Wendigo

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Buy and resell ready made websites or sought for domains. I would avoid lending out.

lyth0s

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World Class Cryptonaire

"Investing" your bitcoin is likely to lead to scams and losses. Just hold, that is your safest bet. If your up for risk check out okcoins futures market and learn how to trade before putting any future orders in.

DoubleTrouble

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Quote from: Ig0r8 on January 23, 2015, 12:59:21 PM

Thanks for nice answers!

Quote from: ?? on ??

1. Invest at gambling site

Quote from: DoubleTrouble on January 23, 2015, 09:30:02 AM

I would suggest investing in an established gambling site. You will make money whilst pretty much holding onto your BTC.

Can you please explain this a little broader? Maybe point me to one gambling site which is seeking investments?

I do not have any links in front of me at the moment but many dice sites accept investments. Just dice used to be bitcoin and that was great however it has switched to an altcoin now. Take a look in the gambling section.

Possum577

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Loose lips sink sigs!

Give it time and some investment or interest on savings will emerge. You could always loan it to people too.

AtheistAKASaneBrain

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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.

Actually thats your worst bet (unless OP is known for being lucky).
IMO your best bet is investing in a crypto project you trust. I would put some of that in Maidsafe for example, but wait a while to see if we are right now in a bubble so you can get more for cheap. Crypto is a growing business and theres plenty of money to make at least long term.

If you want quick money start day trading and praying.

Ig0r8

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Thanks for nice answers!

Quote from: ?? on ??

1. Invest at gambling site

Quote from: DoubleTrouble on January 23, 2015, 09:30:02 AM

I would suggest investing in an established gambling site. You will make money whilst pretty much holding onto your BTC.

Can you please explain this a little broader? Maybe point me to one gambling site which is seeking investments?

Amph

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holdinh them actually make them more worth it than everything else, trading is risky now, unless you are pro, and mining equipment are useless, will never roi, unless you have free power

stonerider

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Buy miners???

Bitcoin Explorer

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just start a small project with 2-3 btc to keep yourself occupied and wait for price explosion

fullhouse

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you can invest some altcoin for earning more bitcoin
i think. but take care of scam

Q7

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If I were you I would continue to HOLD on to them without taking any risk. I understand that you are eager to see it grow but when we get involved in bitcoin, the concept and idea in the first place is already about growth. Imagine the infrastructure, adoption, going mainstream, globally recognized currency, that would make the price explode. For me that is good enough, and I only worry about security where I can have my bitcoin safe with me without taking unnecessary risk.

DoubleTrouble

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I would suggest investing in an established gambling site. You will make money whilst pretty much holding onto your BTC.

xandriel

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A safer idea might be one of the BTC lending sites, such as https://btcjam.com/, or https://bitlendingclub.com/

Just take your time with both, and research the borrowers as much as you can before investing. Some will never repay, despite the ability to take them to court for defaulting. However, even with a few defaulters you could still expect a reasonable return on your investments.

spazzdla

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Quote from: ?? on ??

You can't say 10BTC is a small amount, you can start open business if you want to.
But, if you just want to invest your bitcoin, i think these option is great for you :
1. Invest at gambling site
2. Lend your bitcoin & get profit from interest rate
3. Gambling

$2000-3000 usd is not a large amount.. to many people it is quite a small amount.

#1 and #2 are a good idea.

Do not do #3.

spazzdla

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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.

yakuza699

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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.

Ig0r8

newbie

Activity: 5

Merit: 0

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.

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