Topic: How to grow the bitcoin you have? - page 5. (Read 779 times)

DCA is probably the safest option to acquire more Bitcoin, minimizing your risk by spending a specific amount of money at a predetermined frequency. I can't think of many ways to grow your Bitcoin, unless we're talking about value, in which case you can simply hold, but from the OP's post, I'm understanding that he's after acquiring more Bitcoin as the coin itself. Trading is also another way, but it's certainly not for everyone because it's a much riskier process.

Another way could be by using Binance's or another exchange's savings platform, which is similar to staking and provides you with a petty APY. The highest I've seen for Bitcoin is through FreeBitco.in, which is offering 4.08%.

Bitcoin investment itself is risky so expect that the ways to have more bitcoin is still risky as it is. You can do the DCA and maximize bitcoin in your portfolio, or you can trade selling at a high price and when the price drops again to its dip, then buy bitcoin again but this time, grab the opportunity to buy a lot while it’s price is very affordable and very cheap.

For me, the way to grow your coin is to trade your coin but if you are not good with this is better you go for the second choice which is to hold your coin in peace and continue to watch the market increase until you decide on when to sell your coin

Gambling is only a way to lose more bitcoin so avoid gambling your bitcoin, instead go for fiat gambling. Also, growing your bitcoin is through making it as an investment, and by DCA, you will certainly increase your position with bitcoin. Most especially if you decide to sell your bitcoin at a higher value and just buy back again when the market is bloody, that way you will eventually earn bitcoin a lot.

Yes @Mr.suevie you are clear on that, trading is more like gamble, trading is just like trying your luck and gambling too, imagine the op is not a good trader, then what do you expect? If the op is not a good trader he will lose more instead of gaining more, op is just a newbie and I will not advice op to go into trading because I don't believe that he knows the trading strategies.

Placing bitcoins in gambling will make you completely lose the bitcoins you have and even if under certain conditions you get a profit then don't ever expect it to happen repeatedly. It is better to withhold in the long term as an investment method and will make the risk that is not big on the bitcoin ownership that we have. Basically every investment that involves money has a certain level of risk that we will face and someone needs management and strategies to make these risks more coordinated by placing a more appropriate pattern.

The way to grow bitcoin is only stored in the long term and when you want to increase your ownership there are several ways you might go, one of which is using the DIP and DCA pattern. Thus the investment risk that you run is not too big and will make it easier for you to collect bitcoins.

It's just simple, OP.
Low-risk method? Just buy the usual amount you're hodling then put it to your favorite wallet and forget about it in a year or two. That's at least what I usually do when O hodl. Sure I encountered some losses, but not that something to be worried at since I am a long-term hodler anyway.

We might not experience the same results, but you would be fine for sure.

Yeah, but surely OP would be vigilant against these types of stuffs. Just maybe a bit cautious to whoever sends ya a message. No one in here would definitely reach out privately to teach you how to be rich.

Have a passive income? The solution is DCA , if you are able to accumulate it every week or a maximum of once a month starting today for the next 2 years everything will be worth it. Even with the amount you can afford, it is evident that what you collect today will add up over time. Bitcoin never disappoints if you can hold it as long as possible until it reaches a certain point and has reached the target you want.

Gambling is definitely not the right solution in solving your desire problem. Even with the lure of large multiples, it's still a gamble that will eventually push you to bet bigger until your balance drops to zero. Especially when you can't control your emotions when gambling. So don't take too much risk, because you are asking for low risk of course with the DCA system.

You just said the fact, am sure lots of people will start sending personal messages to the OP just to assist him by growing his bitcoin, but the OP should just be careful because he is going to be scammed, the might send so links to the OP to ask him to send his bitcoin to the website, or they might send him some wallet to send his bitcoin their so that they can help him grow it. Am just making assumption but their are other methods which can be used to scam so what I will recommend to the Op is just to ignore any message he received, anybody trying to make suggestion will do that on this thread and nobody will send him personal message.

Some people do claim they are a professional gambler so they are always confident that they are not going to lose when gamble, but we all know that when gambling their is no assurance that we are going to win that’s why if you are gambling you shouldn’t have confident that you will always win, because when you start losing you won’t want to give up because you will  have the believe that you are going to win back all the money that you lose. I don’t see gambling as a source of growing money and that what some people don’t understand, gambling should just be done for fun and don’t think you can make money from gambling because you will end up losing everything you have.

I don’t know if their is other methods but the best method that you can use to grow your bitcoin is just by holding it, just purchase your bitcoin and you can just abandon it in your non custodial wallet address, but make sure you properly secure the wallet private key, make sure it’s store in a place where their is no internet connection. You can carve your private key on a iron steel and sure it where nobody can have access to it. Carving private key on a iron steel is very secure because it can’t be destroyed by either water or fire, so incase if their is fire accident or water accident, then your private key is still secure.

Trading would never be an option for me thats if am trying to grow my bitcoin because the risk involved with it is just too much and I like to term it more like advance gambling because there is every possibility that me being the one to add some bitcoin to the one I already have will end up loosing the little I have, I think I would rather just go with DCA strategy as its convenient and less risk when it comes to loss of coins.

The way to grow your Bitcoin that has the lowest risk right now is putting more Bitcoin in your and you can do this by selling out your service in Bitcoin let more of your source of income come in Bitcoin, create more avenues that brings in more Bitcoin for you, this would be the safest option for you or anyone right now.

Also if you have learnt about trading you can also take that route but it comes with it own risk, you can also partake in faucets or giveaways but like trading there are risks and also possibility of getting scammed of the Bitcoin you have.

OP, Bitcoin is not a POS (proof of stake) coin, so it cannot be staked to generate a staking reward. Any platform that allows you to earn profit on your Bitcoin means you will not be in control of your asset, but when you have your Bitcoin in your self-costodial wallet, it is more safe than having to keep it on a centralised platform where you could still face the risk of losing your asset.

Perhaps even if you stake your Bitcoin on any platform, there will be no significant profit or increase. The reason is because you only have a small fraction of Bitcoin. Imagine that you have just $100 worth of Bitcoin. Will you risk it on a platform that will pay you 0.005% per month? That's too cheap to risk your asset. Perhaps imagine that if you had two bitcoins, you would not want to risk them on any centralised platform, no matter the level of profit offered.

If you want to increase your asset, just keep DCAing.

Continuing to buy it will also grow my bitcoin, you can also buy now and hold it for a long time, it will experience growth because the increase in the price of bitcoin after going through the cycle will also grow.

Does someone else say it is included with low risk according to you? The various ways they have done to grow bitcoin but you like no other thoughts should be done with your assets?

How do you feel when trading does it grow your portfolio?
What about buying the DCA way is that something you can do?
Which is the lowest risk then that's what you should do.

My analysis is based on my sentiments and i didn't meant to write it like is confirmed and will be true for everyone. And to some extent my prediction were right BTC did come back to $30k. And i so not think it is that easy to become a millionaire even if you have 90% surety like me.

My intentions were to show the confidence level in percentage. Which is obviously based of knowledge factor and my knowledge built 90% confidence in me that the current uptrend toward $31k is artificial due to the news of XRP and BTC will come down. And i also used the whole scenario as an example. And obviously this method only works for those who have good TA and FA which most people lack.

I'll be so indifferent about this here:
Except you're anything good at trading considering the risks involved, Just buy and hold for long term investment with the expected bull run by the corner you can double your funds.

You can be buying at different points to accumulate your BTC by DCAing before a year runs down you would have accumulated so much bitcoin for yourself.

Gambling can't be a channel to grow your bitcoin you can lose the little you have gotten within a short time.

Would the OP be okay with being a lender to the forum? it also has to have capital to start it right?

I don't think this is the right way to generate bitcoins just because we give loans to forum users, especially here, most of them are without collateral, of course it will be risky for him, especially for the first time, it's better to avoid this method because it's quite a big risk without collateral.

There are still other ways that are better understood by OP, such as buying bitcoins regularly or with DCA doesn't that also grow bitcoins with accumulation every week?
One more thing, if he is still involved in gambling, it will be difficult to grow his bitcoins.

If you want to develop the assets you have by entering the gambling site, of course, you will get a very big risk, and most likely all the assets you have can just like that, although there is a big lure that we get, but it is all difficult for us to feel, because many gambling sites always give us losses and only a few times we can get profits, So invest in other ways to add to your Bitcoin assets.

Well just holding can grow it over the period of time.

There are other ways too in which you will have to put your bitcoins at work. For example, lend them in the forum. You can also check for other lenders in the lending section of forum where they have set up nice business for themselves. However this needs at most levels of security. You need proper channelling of bitcoin lending process with escrowing of funds, having proper collaterals and bunch of other things. I think this type of business can make you lot of money. Otherwise, just invest your existing bitcoins on mining farm.

There is only one safe way: buy more. There are no low-risk methods to increase your bitcoins because the only possibilities I can think about are:
- Trading, but you must know what you're doing since there is the possibility to lose everything;
- Lending, but you need to trust the company and hope they won't scam/go bankrupt like many did.

If there was an easy way to increase you bitcoin quantity everybody would be doing it, unfortunately there isn't.

You did think twice to gamble your Bitcoin in a casino as you will most likely lose all of it without earning profit. Storing it in a platform with APY then you'll surely get profit although it won't be fast to earn profit but still it is a profit. Well, you can try buying Bitcoin when at its lowest price and selling Bitcoin when its price increase more than the price of when you are buying it then buy again. That way, you'll have more Bitcoin than before but there are still some risk if you are willing to take it.