How to accumulate more bitcoin other than buying with FIAT. - page 3.

jostorres

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Quote from: 95Bolu on November 30, 2021, 09:44:26 AM

How are people accumulating more bitcoin other than buying it with fiat?

I’m watching videos on Youtube and reading forums and i see a commonality of people saying to accumulate more bitcoin and not to day trade. But how does this work? Or are there other ways to grow your bitcoin portfolio? Can you explain a little bit in detail?

There are lots of ways that people can get bitcoins without having to pay for it with fiat. Although a lot of people prefers to just buy it with fiat, because that way it is more easy and they can store it and wait for it to increase in value while they continue to make profits from it. Other ways that people have been generating bitcoins is by mining it, but this method is not as easy as it used to be before when bitcoin was still new. Before you can easily mine it at home, but now it’s not that easy.

Now you have join a platform or you can even go for cloud mining. Another way you can get it is by working and getting paid in Bitcoin. You can tell your employer or contractor to be sending you payments through bitcoin.

geegaw

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Quote from: deadmousehat on December 01, 2021, 03:37:02 AM

Buy it is the easiest way to get bitcoin, or work with the skills you have by paying with bitcoin, and mining which of course requires a lot of capital to buy hardware and pay for electricity. You can also trade but of course there are big risks. There are various ways depending on how comfortable we are doing it

Bitcoin payments that are based on our skills are dwindling due to bitcoin's global effect, demand and way of owning it has taken a huge fee and sometimes we have bought it, we also need to calculate the spending properly, can't pay like many people have done normally in the past, just a sketchy skill framework is enough to get rejected by many managers who pay in bitcoin. The most time saving is still trying to own a bit of bitcoin to have more advanced evolutions by investing, except for this method, airdrop and bounty can also be the basis but to get work and get paid is difficult

Nutrient

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Accumulating Bitcoin isn’t easy. You either earn through bounties which isn’t as easy as it sounds or you buy through fiat, which you need skills to know when to enter, or you mine it. Mining is also expensive. There is no easy way out

michellee

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Quote from: 95Bolu on November 30, 2021, 09:44:26 AM

How are people accumulating more bitcoin other than buying it with fiat?

I’m watching videos on Youtube and reading forums and i see a commonality of people saying to accumulate more bitcoin and not to day trade. But how does this work? Or are there other ways to grow your bitcoin portfolio? Can you explain a little bit in detail?

I know some ways to accumulate more bitcoin and not by day trade or trading. That way will be mining, staking, and lending.

Mining, you mine bitcoin from your home or other places using hardware or GPU. You can search for more explanations from other resources.

Staking, you can stake on an exchange such as Binance which will reward you. But I do not know how many the rewards.

Lending, you lend your bitcoin to traders at the exchanges. You can find this info at Poloniex which I already used until now. The rate is not much but if that is about bitcoin, it is worth doing, at least, for me.

You can select what you want and can do because not many people will have the same ways as me.

kotajikikox

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Quote from: deadmousehat on December 01, 2021, 03:37:02 AM

Buy it is the easiest way to get bitcoin,

Well at least you can clearly read the Topic? mentioning about "Other Than BUYING"?

Quote

or work with the skills you have by paying with bitcoin, and mining which of course requires a lot of capital to buy hardware and pay for electricity. You can also trade but of course there are big risks. There are various ways depending on how comfortable we are doing it

even if not paying in Bitcoin but at least paying in altcoins because you can easily convert the altcoins into bitcoin (As long as the altcoin has a value and trading volume)

deadmousehat

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Buy it is the easiest way to get bitcoin, or work with the skills you have by paying with bitcoin, and mining which of course requires a lot of capital to buy hardware and pay for electricity. You can also trade but of course there are big risks. There are various ways depending on how comfortable we are doing it

buwaytress

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As a freelancer, and to add some advice to all those who say "try to earn Bitcoin", I can give you one huge tip that worked for me when I first started out trying to bill clients in crypto: offer them a discount on your rates if they're willing to pay in Bitcoin. Make it a savings for them in terms of cost, and they'll be more likely to do it.

Then be prepared to teach them how to do it. For me, a simple Localbitcoins or local exchange was a good solution for them.

Quote from: UserU on December 01, 2021, 01:26:22 AM

Quote from: worle1bm on December 01, 2021, 01:20:53 AM

1)You could ask your employer to pay you in bitcoin directly some portion if he agrees to do so and it's not banned in your country.

It's not viable 99% of the time. That thing is processed in batches by the HR payroll and there are lots of hoops to go through just to payout.

And also the price volatility.

Which is why you talk to your HR about using a payroll solution like Bitwage (unfortunately I don't think they serve every country now but HR talking to them could make things work if you've got good relations with them -- which, as a side note, is really important in any job haha).

noorman0

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Honestly there are lots of opportunities to get crypto for free on twitter, like airdrops, quickdraw with light tasks. And ever since memes and NFT coins became hype, there's been meme and other art design competitions every day with tradeable coin prizes. In addition, Twitter is the first social media used by crypto companies to announce the holding of prize events on their respective platforms such as AMA, voting and others.

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Quote from: 95Bolu on November 30, 2021, 09:44:26 AM

How are people accumulating more bitcoin other than buying it with fiat?

Following bounties and doing airdrops is one way to be able to collect bitcoins without having to buy with fiat, because later when the airdrop and bounty we do are finished usually they will give us a reward in the form of coins then we can exchange the coins for bitcoin, but if you really If you really want to collect bitcoins that way, you need a lot of faith and patience to be successful.

UserU

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Quote from: worle1bm on December 01, 2021, 01:20:53 AM

There are some ways by which people are not spending anything to buy Bitcoin and still accumulating btc at some point like :

1)You could ask your employer to pay you in bitcoin directly some portion if he agrees to do so and it's not banned in your country.

It's not viable 99% of the time. That thing is processed in batches by the HR payroll and there are lots of hoops to go through just to payout.

And also the price volatility.

worle1bm

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There are some ways by which people are not spending anything to buy Bitcoin and still accumulating btc at some point like :

1)You could ask your employer to pay you in bitcoin directly some portion if he agrees to do so and it's not banned in your country.

2)Provide some freelance service and ask the client beforehand to pay in bitcoin to your wallet

3) Try some faucets or games that pay in btc(but it's waste of time)

4) Mining Bitcoin but it would require you to spend heavily on building up the setup and then extra cost of maintenance and electricity.

So you could try some mentioned by members also if you could manage to make btc out of any of them it would be best for you.

Reatim

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if you have skills and other knowledge? so of course you can make bitcoin than Buying .
If you can Mine? then it is best as well as long as your can afford a cheap energy consumption because Mining is really high on that.

next offering your skills inside the forum as there are tons of people here looking for assistance in exchange for Bitcoin.

and also bounty hunting but since you are a newbie it is limited for you.

xSkylarx

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Quote from: bitterguy28 on November 30, 2021, 08:58:22 PM

Quote from: 95Bolu on November 30, 2021, 09:44:26 AM

How are people accumulating more bitcoin other than buying it with fiat?

me? i accumulate mine by joining signature campaign and offering service in real life
and receiving payments in bitcoin.
there are more ways but first learn here in forum to be safe.

Quote

I’m watching videos on Youtube and reading forums and i see a commonality of people saying to accumulate more bitcoin and not to day trade. But how does this work? Or are there other ways to grow your bitcoin portfolio? Can you explain a little bit in detail?

you have already have explanation above , all you have to do is to be consistent and make sure that you are ready and has a guts to extend learning.

Agreed, and I would advise you to put your time into learning new skills because newbies are notoriously impatient and eager to earn money as quickly as possible without exerting any effort on their part. It's great to hear that you're providing services physically and accepting bitcoin as payment, which means that more and more physical stores are accepting bitcoin as a payment method, which is a good sign because the majority of transactions are now taking place online. Hopeful that businesses in my area will begin accepting bitcoin as a method of payment.

so98nn

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There other option too, like offering your own NFT to others. Since this field is going boom in this time period you stand a good chance if you just come up with “what peeps loving these days”. What could be best than offering your arts, stuff or may be something that you can create physically or virtually. Either way just create something, look for the best platform to offer your NFT and world is already awaiting at the door to see some million dollar arts.

However, this option is only valid if you are skilled enough in the field of arts or imagination I would say.

But with more challenges comes huge rewards. Get the money either in Fiat or simply get paid in bitcoin.

Congyang

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I think Mining is one answer that is good enough to earn bitcoins without using your fiat, other than that you can trade and maybe for the last chance you can work in this forum.
This is the most possible thing especially by being on this forum, apart from us being able to add more knowledge than reading every latest uptodate information and news, you can also get paid even though the main goal of some people is not that but there is a payment made.

dimonstration

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Dimon69

Quote from: Issa56 on November 30, 2021, 04:29:02 PM

Definitely there are other ways in which you can accumulate more bitcon without buying it. Firstly you can work for it in this forum there are some bounties which is run by some managers which pays with bitcon you can participate and after getting your reward then you hold it, secondly you can mine it which I believe requires much capital before you can start mining because you have to acquire mining machine and bitcoin minning is also ristricted in some countries.

Mining is not advisable due to electric bills that may cost you after awhile, before mining bitcoin is easy but now due to number of users who mined bitcoins it's quite hard to compete with. I prefer looking for services that can paid you in bitcoin or in their coins then after trade it with bitcoin. There are jobs now in services here in forum or some crypto group chats that ask for your skills and can be paid depending on your work. Many started here in forum thru bounties.

Maslate

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There are only two ways to accumulate bitcoin, you either buy bitcoin with your fiat or work and get paid with bitcoin.

I'm not sure if you are aware of bounty campaigns or signature campaigns, but these are some ways to earn bitcoin here in the forum.
For bounty campaigns, it usually gives you altcoins as your salary or we call it to reward, but you can always trade it with bitcoin as long as it's listed in an exchange.

Explore more, I'm sure you'll learn more and see more opportunities.

here are the sections where you can check some opportunities to earn.

Bounties (Altcoins)
services

and you may also refer to this one, so you'll have an idea on the active signature campaigns.
Overview of Bitcointalk Signature-Ad Campaigns [Last update: 27-Nov-21]

Lastly, always remember to read the forum rules.

bitzizzix

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If you don't have the skills to grow your bitcoin holdings, you have no choice but to buy it and do it incrementally at the right time using Cold money without having to force it and do it within your means. it seems that many people do it that way and do well, and most importantly do it seriously and with discipline.

and if you want to learn and find out to get it for free or want to have the skills to develop it, fourum is the best place to search and learn what you need as mentioned here and also many sites or videos that provide solutions to increase your bitcoin and it all depends on your effort and hard work.

bitterguy28

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Quote from: 95Bolu on November 30, 2021, 09:44:26 AM

How are people accumulating more bitcoin other than buying it with fiat?

me? i accumulate mine by joining signature campaign and offering service in real life
and receiving payments in bitcoin.
there are more ways but first learn here in forum to be safe.

Quote

I’m watching videos on Youtube and reading forums and i see a commonality of people saying to accumulate more bitcoin and not to day trade. But how does this work? Or are there other ways to grow your bitcoin portfolio? Can you explain a little bit in detail?

you have already have explanation above , all you have to do is to be consistent and make sure that you are ready and has a guts to extend learning.

Rengga Jati

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If it is not about buying Bitcoin with fiat, the most activity done is by mining.
But mining is considered not really worthy again right now. But you can analyze it by yourslef and try it.
For me, Yes I so far only few times buying Bitcoin with fiat.
Mostly, I get Bitcoin from the signature campaign reward that I am using right now.
This is very worthy to me because I can invest Bitcoin from the reward. Thanks for RollBit and other campaigns so far I have ever joined.

And are you doing trading right now?
You can also use the profits of your altcoins trading to buy some Bitcoin. We can use it even small by small amount.

Topic: How to accumulate more bitcoin other than buying with FIAT. - page 3. (Read 604 times)