Topic: How to increase bitcoin without trading? (Read 403 times)
I don't understnd why people don't think of Bitcoin as money when they ask these questions. All the same rules apply. What would you do if you lent cash to somebody? Would you charge interest, and would you ask for security? Trading is not just the exchange of currencies. If you were short of cash, would you think of selling stuff on Ebay, or some other online sales site?
Without trading, the only way to get bitcoin is mining bitcoin but it is really hard and take much time. I think the best way to increase bitcoin is trading.
Some other ways of earning bitcoin without any form of trading could be mining, by putting together a mathematical puzzle you can get bitcoin also you can be part of airdrops or engage in some bounties that pays in bitcoin
Bitcoin mining remains the only way to get btc without investing and trading in the market. But such a long occupation does not contribute to rapid progress.
I think bitcoin mining still has to be invested. You need to invest hardware to dig, pay monthly electricity bills. In short, I think it is hard to find a bitcoin without investing.
When you buy and hold bitcoin, and the value increases, you have technically gotten more bitcoin (considering it's precious worth and value increase) without having to trade.
Bounties rarely pay in bitcoin these days, you can get the ICO tokens and flip them for bitcoin.
Gambling; I do not know much about it. Do your research.
And lending, which had already been explained
Bounties rarely pay in bitcoin these days, you can get the ICO tokens and flip them for bitcoin.
Gambling; I do not know much about it. Do your research.
And lending, which had already been explained
Someone here mentioned lending. So this is legit? So are you guaranteed you get the btc back? What is the minimum/maximum btc you could lend and how long? Example let say you have 1 btc you want to lend. So if you lend 1 btc for a month, how much btc would you get back? Do people lend a short time like a week or its usually at least a few months? So if someone lends 1 btc for 6 months, how much btc are they looking back to get? Most importantly, the other party can't just take your btc and not give it back to you right? Is it backed by the exchange? Well what happens if that person who borrows doesn't pay back exchange?
If you're using it with an exchange such as Poloniex, yes, unless Poloniex gets hacked, you will *generally speaking* always get your interest + lended amount back.
The lender will automatically get liquidated if his account exceeds the amount he needs to pay you back.
(Sometimes when the market is in a free-fall, he could be short a bit, since he probably won't be able to liquidate exactly right. but this is pretty rare, and i haven't seen it happen personally. Not that i've used Poloniex's margin trading features excessively, but hey.)
The interest on these services however is extremely low, + i wouldn't trust Poloniex.
Lending on the forum can be quite dangerous, as a lot of users will simply not pay you back and basically sell you their collateral, usually not for what it's actually worth.
I've always looked Argus-eyed at the Lending section, and still wonder how lucrative it really is.
Another option you have is investing in the bankroll of Cryptocurrency casino's. I haven't tried this myself, but it looks pretty ludicrous, which is making me very tempted to try this out in the near future.
See https://bitcointalksearch.org/topic/m.46443989
Might be something you want to look into.
I have a tiny stake in yolodice’s bankroll myself. It can go up or down though, you have to remember that...
Adolfin, do you know if there are any guides for p2p lending on polo? I’m quite interested in it but never fully understand how the system works and the offers seem quite competitive, if you’re not there as soon as they’re posted then they’re usually gone pretty quickly... I think cex.io have a similar p2p lending system and both seem fairly reputable.
Some ways I can think of are mining btc and getting btc from doing some work.
The only way you can do that is to put it in a safe ICO but also is dangerous sometimes . I recommend you hold them for a long time at least 2 years and you can make more money
Yes there can be others ways to earn bitcoin without trading, by joining signature campaign, by joining bounties, by get some coins which have a masternode and can win from masternode rewards and win bitcoin if price of that coin not drop, or by doing job for bitcoin or just sell something for bitcoin.
another option is to sell services related to cryptocurrency for cryptocurrency. it will be very good for sale
Investing your BTC into crypto casinos or gambling on 0% edge and/or skill-based games are the only ways that you could realistically increase your bankroll without any trading (since you can't do arbitrage or lending as leverage/margin).
Someone here mentioned lending. So this is legit? So are you guaranteed you get the btc back? What is the minimum/maximum btc you could lend and how long? Example let say you have 1 btc you want to lend. So if you lend 1 btc for a month, how much btc would you get back? Do people lend a short time like a week or its usually at least a few months? So if someone lends 1 btc for 6 months, how much btc are they looking back to get? Most importantly, the other party can't just take your btc and not give it back to you right? Is it backed by the exchange? Well what happens if that person who borrows doesn't pay back exchange?
If you're using it with an exchange such as Poloniex, yes, unless Poloniex gets hacked, you will *generally speaking* always get your interest + lended amount back.
The lender will automatically get liquidated if his account exceeds the amount he needs to pay you back.
(Sometimes when the market is in a free-fall, he could be short a bit, since he probably won't be able to liquidate exactly right. but this is pretty rare, and i haven't seen it happen personally. Not that i've used Poloniex's margin trading features excessively, but hey.)
The interest on these services however is extremely low, + i wouldn't trust Poloniex.
Lending on the forum can be quite dangerous, as a lot of users will simply not pay you back and basically sell you their collateral, usually not for what it's actually worth.
I've always looked Argus-eyed at the Lending section, and still wonder how lucrative it really is.
Another option you have is investing in the bankroll of Cryptocurrency casino's. I haven't tried this myself, but it looks pretty ludicrous, which is making me very tempted to try this out in the near future.
See https://bitcointalksearch.org/topic/m.46443989
Might be something you want to look into.
Someone here mentioned lending. So this is legit? So are you guaranteed you get the btc back? What is the minimum/maximum btc you could lend and how long? Example let say you have 1 btc you want to lend. So if you lend 1 btc for a month, how much btc would you get back? Do people lend a short time like a week or its usually at least a few months? So if someone lends 1 btc for 6 months, how much btc are they looking back to get? Most importantly, the other party can't just take your btc and not give it back to you right? Is it backed by the exchange? Well what happens if that person who borrows doesn't pay back exchange?
I buy dropped and expired domain names, and I sell them for Bitcoin. It requires a bit of work and some investment, and not all names are guaranteed to sell quickly, if at all.
Bitcoin mining and trading are still the most reliable way of increasing your BTC, but not without their own risk. Airdrop, bounty and freelancing are also good ways. However I won't encourage things like gambling and betting as the risk involved is high and you can lose everything in seconds.
Surprisingly, Till now nobody has given you the option of Lending.
Just follow the rule of collateral and make sure somebody do not transfer you fake/low volume token. I guess you will be fine.
Just follow the rule of collateral and make sure somebody do not transfer you fake/low volume token. I guess you will be fine.
I was hoping someone would mention it. Lending can be risky if you aren't using a reputable provider, but can create a continuous flow of Bitcoin back to your account.
One exchange you can look at to learn more about lending is Poloniex. The way it operates is very straight forward. You can take a look at it here: https://poloniex.com/lending#BTC
Those offering their coins to lend offer them at a certain daily % interest rate, and those wanting to borrow coins offer to take those loans at certain rates. The lending and loaning part offers work like trades on an exchange, and when offers meet/overlap the are executed. When the coins are done being loaned, you are given your % interest based on how long the other party borrowed your coins.
Surprisingly, Till now nobody has given you the option of Lending.
Just follow the rule of collateral and make sure somebody do not transfer you fake/low volume token. I guess you will be fine.
Just follow the rule of collateral and make sure somebody do not transfer you fake/low volume token. I guess you will be fine.
But what are other ways to increase btc without trading?
Have you thought about earning more BTC? it's old fashioned I know, work is so old fashioned, but it's literally the easiest and fastest way for you to acquire more BTC.
As for Airdrops, they're only available when a coin you own is the subject/target of a hard fork attempt. And Bounty's are mostly bullshit unless they're paying you in Bitcoin.
Well if you buy btc and hold it and it goes up, you sell it for usdt or usd. Then can wait for btc price to drop and you buy again that way you have more btc. But that requires trading. You could also buy btc and then buy altcoin. And if altcoin goes up you sell it for btc. But of course if altcoin go up a lot and you sell for btc and you get less btc back, you do get more usdt though.
But what are other ways to increase btc without trading?
The only way that i could think of would be gambling in a btc casino or sportsbook right? Say you have 2 btc and want to increase it. Well you could bet sports... say bet 0.05 btc per game etc. Or sometimes you could bet 0.10 btc or more if you feel more confident. Of course the risk is if you lose, you lose your btc. But if you want to increase your btc, is gambling in a btc sportsbook a good idea? Now i know a casino is not good idea because in long run you lose. But there are also btc poker as well. So if you play btc poker and sportsbook and you are good, you could increase btc right? Thus that would be the way to do it? Because if you don't trade, what other ways can you acquire more btc? Obviously this has a lot of risk to it. But i heard of airdrops and bounty hunting but i don't have a clue on that. But can someone here list the other ways you could get more btc without trading or of course using money from bank to buy more btc? And rank it in term of risk?
But what are other ways to increase btc without trading?
The only way that i could think of would be gambling in a btc casino or sportsbook right? Say you have 2 btc and want to increase it. Well you could bet sports... say bet 0.05 btc per game etc. Or sometimes you could bet 0.10 btc or more if you feel more confident. Of course the risk is if you lose, you lose your btc. But if you want to increase your btc, is gambling in a btc sportsbook a good idea? Now i know a casino is not good idea because in long run you lose. But there are also btc poker as well. So if you play btc poker and sportsbook and you are good, you could increase btc right? Thus that would be the way to do it? Because if you don't trade, what other ways can you acquire more btc? Obviously this has a lot of risk to it. But i heard of airdrops and bounty hunting but i don't have a clue on that. But can someone here list the other ways you could get more btc without trading or of course using money from bank to buy more btc? And rank it in term of risk?
You can earn it with bounty service in this forum.
There are some projects that will paid you in btc weekly by doing signature campaign
You may want to check this, 100 Ways To Earn Bitcoin. Although the list has not been updated by the OP, but I'm sure that you will find a lot of the tips on how to increase your bitcoin still useful at this time.
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