How to grow the bitcoin you have? - page 7.

_act_

legendary

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Lightning network is good with small amount of BTC

Quote from: Zaguru12 on July 15, 2023, 09:13:28 AM

Aside this, the other way again to earn or grow your coins in profit will be through trading. Aside that you need to have extensive knowledge about it, it is more riskier than holding and all most similar to APY since you need to trust your coins with centralized platforms.

Because you will have to depend on centralized exchanges for your coin, that does not make it to be similar to staking which I think is what you referred to annual profit yield. They are both different.

Trading too is very risky and I will not advice anyone to do it unless he is using the money he can afford to lose to trade. Trading can be as risky as gambling for some people. In return, loss may be the result.

Ever-young

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Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: thepeterson on July 15, 2023, 08:52:10 AM

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.

Yes there are some a bit less risky way of multiplying your Bitcoin. Try out whirlwindmoney the APY is better than just holding in your wallet since you are looking for means to multiply your Bitcoin. Their reward campaign is still open and they have a good reputations here on the forum as of when last I checked their are some Escrow done in other to build trust while running the Anonymity mining campaign. And their campaign is also being managed by one of the most respected manager Sir Hhampuz. So they are to be trusted you can give it a try.

Onyeeze

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Quote from: thepeterson on July 15, 2023, 08:52:10 AM

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.

Bitcoin don't have any other method of growing it, it only have to keep at your wallet storage which you know that you will not withdraw it in any point or any challenge you you find yourself, bitcoin grows when the market is in progress in the market and apart from that bitcoin doesn't have any other way of growth, when the market turn green it after all the bitcoin in any wallet that is how the technology of bitcoin works

Zaguru12

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The safest way to grow your coins with very minimal risk just like what _act_ pointed out is through holding ins non custodial wallets and most likely open sourced like electrum. Holding is using profitable whenever you hold on for a very long time with this the price of the coin might have grown or better still you would have saved your coins from devaluation due to inflation which affects the fiat currency.

Aside this, the other way again to earn or grow your coins in profit will be through trading. Aside that you need to have extensive knowledge about it, it is more riskier than holding and all most similar to APY since you need to trust your coins with centralized platforms.

TheUltraElite

legendary

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So anyway, I applied as a merit source :)

Quote from: thepeterson on July 15, 2023, 08:52:10 AM

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.

No method is risk free or proven to be low risk but traditionally long term holding is a safe method to grow the value of coins as per their fiat price changes if you are selling at higher price than what you buy at.

Previously many casinos had the option to invest in their bankroll, but these options are limited now and hence I dont recommend much of them anymore.

Remember that low risk also means low reward. It ends up being a 5% Fixed deposit like in a bank, though such options are not much in circulation. In yeild farming and staking and all, again the risk is enough to clean up your staked money if the company crashes or rugpulls.

Then you have masternodes, which require a huge investment, check them out if you can.

Many options indeed, but buying more coins at low price and stocking them up is a option that is always available to you.

Nwada001

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You both mentioned that increasing your Bitcoin is riskier than holding it. First, holding your Bitcoin in a custodial wallet is more risky than anyone could imagine. This is because:

1: You don't have full control over your Bitcoin again the moment you deposit it into a custodial wallet.
2: Your account can be frozen for some unknown reasons, which might result in you losing access to the account forever.
3: Hacking: If the custodial system ever becomes a victim of a hack, your funds won't be spared, and I don't see any form of T&C that allows a centralized system to pay back its customers deposits if it is hacked.
4. You will need to seek permission before you can use your Bitcoin when ever you want to; you can't just use it when and how ever you want.

Gambling, like _act_ mentioned, is even worse because you might become an addict and gamble all your funds, with no way of getting them back. So the safest way is to hold and wait until the bull run, when you can be sure of some profit.

Stepstowealth

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Quote from: thepeterson on July 15, 2023, 08:52:10 AM

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.

Ways to grow your bitcoin
1- Trade with it: It is not a must to trade, and if you must trade, realize that it is risky. (high Risk)
2- Keep the bitcoins you have while you wait for the bull season. (Medium risk, because it can get lost or stolen if you do not keep properly)
3- Keep buying bitcoins to add to what you have.

I do not think there is any method that is does not have some risk associated with it, Knowing the risk will help.

Z-tight

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Quote from: thepeterson on July 15, 2023, 08:52:10 AM

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.

Yes there is, just by buying more BTC's! Roll Eyes

kaseygriffin

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Quote from: thepeterson on July 15, 2023, 08:52:10 AM

How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.

short term or long term bitcoin/fiat strategy both have volatility, i don't want to complicate matters just accumulate until get profit and feel good to take profit, and repeat that many times automatically the number of bitcoins will increase. Of course, in the crypto space we can come across many different forms of asset optimization to increase profits and it always needs to be studied, I think if our experience is not yet successful we want, it is simply that the experience is not enough and needs to continue to be more patient.

_act_

legendary

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Lightning network is good with small amount of BTC

If you put your bitcoin on a gambling site and gamble with it, you are most likely going to lose all that you use to gamble. Gambling is not a way to grow your coin.

Just hold your bitcoin on a noncustodial wallet and wait for the bull run to come. The bitcoin do not grow in number but grow in value if comparing it with fiat.

thepeterson

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How to grow the bitcoin you have without being involved in gambling or putting it in a custody wallet for APY. Is there any proven low risk method.

Topic: How to grow the bitcoin you have? - page 7. (Read 747 times)