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Topic: How to accumulate more bitcoin other than buying with FIAT. - page 4. (Read 604 times)

member
Activity: 1092
Merit: 67
This gets asked often, but Bitcoin is a currency, and therefore whatever you can do with fiat, you can do with Bitcoin. However, Bitcoin does have some additions which offering more earning opportunities like bounties. To some extent you could also say signature campaigns, but there are other forums which pay for advertisement through signature, but with fiat so not exactly accurate. Although, I'm not really aware of anything like bounties in the fiat industry.

Most people will either offer a service or purchase it directly as an investment. There's no way of magically acquiring it. It's very much like how you would acquire fiat.  

But since the OP is still a newbie, maybe he can join those bounty programs via social media channels,  paying tokens or other coins. And once he received it, he can trade with bitcoin. And so he can acquire btc by joining these bounty programs that really do pay. However, if he is not into participating these bounty programs, he can always check the services section and see if his skills are needed. Because sometimes people are looking for individuals with specific skills like in programming and they will pay crypto. Getting coins from faucets is not advisable because you can get very small amount and spending much of your time collecting those free coins.
staff
Activity: 3304
Merit: 4115
This gets asked often, but Bitcoin is a currency, and therefore whatever you can do with fiat, you can do with Bitcoin. However, Bitcoin does have some additions which offering more earning opportunities like bounties. To some extent you could also say signature campaigns, but there are other forums which pay for advertisement through signature, but with fiat so not exactly accurate. Although, I'm not really aware of anything like bounties in the fiat industry.

Most people will either offer a service or purchase it directly as an investment. There's no way of magically acquiring it. It's very much like how you would acquire fiat. 
hero member
Activity: 2940
Merit: 613
Winding down.
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.

Participating in bounty campaigns with Bitcoin payment cannot be followed by everyone, only members with high rankings can participate.
Maybe newbies or members with low ranks can start participating in bounty campaigns with altcoins paid, after that the altcoins that we get
we can buy Bitcoin. Actually around 2017 there are a lot of faucets, where we can get Bitcoins for free, but nowadays it is very difficult to find
legit faucets. Then related to mining, I do not recommend it, because mining Bitcoin requires very large capital. So indeed for now it is not easy
to collect Bitcoin without buying it, I prefer to buy Bitcoin regularly, according to our respective financial capabilities. It's the easiest and safest thing
to do for now, especially now that there are many online jobs that we can do, later the income that we get part of we can buy Bitcoin.
Yes. There are still some quite number of signature campaigns who are paying bitcoin but since only high rank position are allowed to participate so you should still have to rank your position OP so you will be qualified. Other than that, there are also crypto jobs that require certain skills so you can give great services to the people and some are really paying in bitcoin. Bitcoin mining is also one way but it needs more capital rather than your effort. Maybe you can try digging up more in the internet so you will learn what are other ways to earn bitcoin aside from buying it.
hero member
Activity: 1484
Merit: 928
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.

Participating in bounty campaigns with Bitcoin payment cannot be followed by everyone, only members with high rankings can participate.
Maybe newbies or members with low ranks can start participating in bounty campaigns with altcoins paid, after that the altcoins that we get
we can buy Bitcoin. Actually around 2017 there are a lot of faucets, where we can get Bitcoins for free, but nowadays it is very difficult to find
legit faucets. Then related to mining, I do not recommend it, because mining Bitcoin requires very large capital. So indeed for now it is not easy
to collect Bitcoin without buying it, I prefer to buy Bitcoin regularly, according to our respective financial capabilities. It's the easiest and safest thing
to do for now, especially now that there are many online jobs that we can do, later the income that we get part of we can buy Bitcoin.

Yes that's true and you are very correct not everybody can participate in bounty that pays in bitcoin because is not really easy to get and most of those bounties don't really accept newbies and low rank members but I believe lot's of people can participate In bounties that pay with altcoins which is very easy to get on this forum and after getting your reward you can decide to sell it and buy bitcoin and hold.
sr. member
Activity: 1876
Merit: 318
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.

Participating in bounty campaigns with Bitcoin payment cannot be followed by everyone, only members with high rankings can participate.
Maybe newbies or members with low ranks can start participating in bounty campaigns with altcoins paid, after that the altcoins that we get
we can buy Bitcoin. Actually around 2017 there are a lot of faucets, where we can get Bitcoins for free, but nowadays it is very difficult to find
legit faucets. Then related to mining, I do not recommend it, because mining Bitcoin requires very large capital. So indeed for now it is not easy
to collect Bitcoin without buying it, I prefer to buy Bitcoin regularly, according to our respective financial capabilities. It's the easiest and safest thing
to do for now, especially now that there are many online jobs that we can do, later the income that we get part of we can buy Bitcoin.
hero member
Activity: 2310
Merit: 532
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
  • Get paid in Bitcoin for different services provided by you.
  • Join bounties and trade it with bitcoin pair.
  • Receive gift cards on purchases and convert to bitcoin.
  • Make yourself highly skilled, and join in puzzles and recovering of lost wallets service.
  • Finally reach El Salvador, and the government will pay you $30 in bitcoin once you create your own wallet. Cheesy Cheesy Shocked
legendary
Activity: 2282
Merit: 3014
One thing I would caution you of is trading of any type.  For the vast majority of people trading, whether that means trading bitcoin or any investments for that matter, is something that is only suited for a very small percentage of people.  I think there are some small things you can do like with Coinbase they have you take quizzes to earn crypto, some coins have "air-drops" etc.
hero member
Activity: 1484
Merit: 928
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.
copper member
Activity: 2968
Merit: 575
www.Crypto.Games: Multiple coins, multiple games
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?
The only way to "accumulate" bitcoin is by buying, earning or mining it. This is what those youtube videos probably meant. The risk with day trading is high, hence they didn't recommend you to do it. Don't go around "accumulating" free coins. You will probably end up collecting dusts. Would be a waste of time. You would rather want to do something more productive that will help you accumulate more bitcoin (like selling your skills for bitcoin).
hero member
Activity: 3010
Merit: 794
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?
Ways on how to accumulate bitcoin.

1. Buy it with fiat
2. Earn through bounties and tasks
3. Accumulation via Trade

Sounds simple but this wont really be because you would really need various skills and of course knowledge on
dealing with multiple jobs or tasks if you are really serious with accumulation.
So this would deal out with someones capability.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
~

How real is Bitcoin Mining by an end user? Like I see it as a waste of time when I see links that offers it.

It's just like any other business, you see what money you have to invest, what are your costs and you plan accordingly, if it were a waste of time then nobody would be mining and we wouldn't have 170exahash of gear currently running.
Besides, mining also has advantages, you can still make money even if the price is flat or the price drops, and if you plan carefully the risks are way less than in trading. One flash crash can wipe all your money and also let you without any capital to continue.

That aside I'm really curious about those links, hope it's not some cloud mining or god knows what other "invention".



newbie
Activity: 76
Merit: 0
I think you accumulate BTC just like you accumulate cash.
Your work and get paid with BTC in countries where it is acceptable.
People can also run airdrop and bounty task, when they get paid they can convert it to BTC. The next very ugly means of acquiring is through Fraud.
hero member
Activity: 1344
Merit: 565
You either:
- mine it
- earn it
- buy it

Since you don't want to trade, you probably don't want to get into mining either then there is only one way other than buying left for it, you earn it from services you provide to other poeple. Of course, that's just a disguised form of exchange also since you can also get paid in $ and then exchange that for bitcoin, but let's count it as a method too.

In the end, bitcoin is money, you're just asking yourself how to get more euros without exchanging $ for it.

How real is Bitcoin Mining by an end user? Like I see it as a waste of time when I see links that offers it.
If you really want to mine Bitcoin, that what you are referring to as Bitcoin mining by those online mining is not it. Bitcoin mining is really expensive with all the equipment that you need to do that, and with regards to the OP, it will really take you some time to accumulate a good amount of Bitcoin if you are not willing to trade Fiat for it cos even with the bounties in here that offer Bitcoin payment, the Rank requirement and allocation are really tight.
newbie
Activity: 76
Merit: 0
You either:
- mine it
- earn it
- buy it

Since you don't want to trade, you probably don't want to get into mining either then there is only one way other than buying left for it, you earn it from services you provide to other poeple. Of course, that's just a disguised form of exchange also since you can also get paid in $ and then exchange that for bitcoin, but let's count it as a method too.

In the end, bitcoin is money, you're just asking yourself how to get more euros without exchanging $ for it.

How real is Bitcoin Mining by an end user? Like I see it as a waste of time when I see links that offers it.
legendary
Activity: 3500
Merit: 6320
Crypto Swap Exchange
Depending on where you are in the world there are also credit cards with BTC cashback:
https://foldapp.com/
https://blockfi.com/credit-card/
Kind of like buying with fiat, but if you are going to be charging stuff anyway...

There are also a few games that pay in crypro but once again, availability is based on location.
https://coinhunt.world/

In the end if you are serious about accumulating you are going to either have to mine or buy.

-Dave

legendary
Activity: 3472
Merit: 4801
Bitcoin is money. There's nothing magical about it.  You accumulate it EXACTLY the same ways that you accumulate ANY other money.

  • You provide a product or service and accept Bitcoin as payment
  • You exchange some other form of money for it (such as your local currency)
  • You scam or steal and hope not to be caught

That's it. Same as every other form of money in the world.
hero member
Activity: 826
Merit: 583
Have you watched until the end of the video you watched?
maybe it's a form of the program from some exchange platform. such as staking or farming.
I also saw videos of some such YouTubers. they need assets as the first capital. I think the way it works is very simple. lock assets on the platform and we will get benefits for a certain amount and a certain time.
it seems that this is almost the same as the deposit system in banking. we use our fiat to be locked in the bank for a certain time. and we will benefit from the specified percentage.
In my opinion, a system like this (staking) is long enough to increase our portfolio. I would probably be happier with day trading.
legendary
Activity: 2492
Merit: 1232
Or are there other ways to grow your bitcoin portfolio? Can you explain a little bit in detail?
The perfect answer was here.
You either:
- mine it
- earn it
- buy it

If you have bought 1 Bitcoin and store it in your portfolio, it will always remain 1 Bitcoin, only the value towards the dollar will fluctuate.
Through mining and investing mining rigs for your mining equipment, is one factor that you can accumulate Bitcoin, and second is earn it, which means you need to offer your service in exchange for Bitcoin which are very common here in the forum by joining signature or joining bounty and trade token to Bitcoin.

Trading is very risky, there wasn't a guarantee that you will earn from it.  If you don't have knowledge of it, I discourage you from this activity.

Anyway, if there's someone offering you to double your Bitcoin as an investment in just a matter of a day, weeks, or months, just stay away from it, because that's a Ponzi scheme that usually turns out into a scam.
hero member
Activity: 1890
Merit: 831
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 few things you can do for sure :

1. Day trading is super successful for most people, but at the same time the volatility of the market can cause a lot of probelms for the people who are not really consistent with their trading and finance. Therefore you have to be super alert at that point


2. You can always sell your services as well we have a whole section dedicated for it.

3. You can honestly participate in signature campaigns and support the companies you might be working for, it can be really rewarding for the long run

4. You can try and do small jobs, video making, reviews and get paid for it on the forum as well.

There are many things you can do to accumulate bitcoins, but it would all depend on your skills.
sr. member
Activity: 356
Merit: 252
FRX: Ferocious Alpha
If you don't want to buy Bitcoin, you can either mine it or get as rewards on a staking (lending platform). So if not buying with fiat, assemble a mining farm or find a reliable platform where you can lock your Bitcoin and get APYs for it.
But usually, people just buy Bitcoin and hold it on their cold wallets if they are long-term investors rather than traders.
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