Topic: How to make money from Bitcoin in 2021 - page 6. (Read 1587 times)

I have tried almost all in that list and it is quite a common sense to make money on bitcoin but you can just search it on Google although there are other things that isn't included but quite a few of it is just a common thing you can think of just by looking at it. And based from your post you didn't imply the thing how to make money but. Other than listing things that will somehow earn btc, other than that it is not that important.

If you have more money then you can trade daily.  You will benefit the most.  Short Time Tray: I think it would be the best option for you.  You can also invest longtime.  Even if it takes a little more time, your chances of profit will increase a lot.  You can also earn money by adding bounty or airdrop campaigns.

No one mentioned lending yet. Isn't HODL + earning compound interest the safest way? Also by using those platform tokens like CRO, CEL, etc

Farming is a good way to accumulate I think. But I'm not very eager to stake into the De-Fi projects. It carries a really high risk. For example, Binance showcases some De-Fi projects to stake into but it's not responsible of any loss of money because of probable security issues. Instead, I choose to stake into the projects on the Launchpad.

I think Trading is the most good thing to do amongst all the ways you've mentioned. I also like airdrops but not anymore because airdrops nowadays requires too much and most of them are just shit coins, like no value at all. Airdrops way back 2017 was literally giving away their money, good amount of it by just giving your ETH address and then you just have to wait for it, hassle free unlike now.

Hodling is good but I think that it is not the best one to make money with bitcoin because there are gambling sites that offer bankroll investing although there is a risk that there will be days where you are experiencing losses but in the long-term with banroll investing, you will be able to profit.

BTC trading, you don't make bitcoin because you need bitcoin to start trading, you only make profit if you are good in trading.The rest like mining (requires huge capital for good mining rigs) and yield farming, these are investment that requires capital, you can acquire bitcoin when you buy but like I said, you don't make it, unless you work for it, example in the OP is survey, my only concern is the amount you'll make, I don't know if it will satisfy you.But if you earn from now on, you can do something good in the future

When the Bitcoin price is on a downtrend, these options could really be thought. But the best thing for making money from Bitcoin is to HODL, I believe. Especially buying from as low level as possible could really help someone make a great deal of profit in the long run.

very positive, because we know that the movement of bitcoin since last year has been very fast, both up and down, so daily trading is very profitable to do. with a movement that is high enough, there will be a difference in price that can be done for profit.


indeed, with a very high price today, it is clear that it takes a lot of funds to be able to do daily trading. even if there will be a decline, maybe it will not really affect the price, because bitcoin is too high. what a fair price to buy when there will be a decline.

That's right, but I still can't trade BTC every day because of my low capital, and again I'm just waiting for the price to go down to buy and sell when there is an increase.

For those who are looking for a way to make a profit from BTC it would be good to invest in bitcoin for a long time. It gives a lot of profit and the risk is much less bitcoin mining is also the process by which bitcoins solve a calculatedly difficult puzzle to discover a new block in it in simple words that are added to the blockchain and earn rewards in the form of a few bitcoins. There are bitcoin proponents who believe that digital currency is the future and investing in it today can make huge profits in the future The most popular way to own bitcoins is by buying on the bitcoin exchange.

I recently was playing on the e-toro site and clicked 'register', the first thing that came up was a warning, "80% of all traders lose 100% of their capital in the first month"

I was only interested in learning about the exchange and one time purchase, I have no interest in trading, as I well know that the 'fees' will eat you alive, even if your are correct on 50% swings day-2-day, everytime you enter&exit trades there are fee's, and when you go to cash its $30 or more to send $1

Trading fee's eat you alive, the 'exchanges' are all setup for people to day trade, not HODL

The average bitcoin sheep have 0.05BTC, which is $3k; U trade and that BTC will go zero super quick. At least with HODL you can watch the value rise, but seriously people should take profits when they're there, that's what pro's do, they don't sit and watch the money go up and down

I suspect that smart people are those who sell out on the high and re-enter on the low, and they really see nice gains.
..

The real problem with this OP is that this is the only purpose of BITCOIN, as BTC lost its way years ago, and now is only a toy used by fools to get rich quick.

Like somebody said here, "work hard", "save money" and 'invest' that's how you get rich. 90% of great wealth in the past 200 years in the West was made in real-estate, nobody gets rich in trading except the house ( exchanges, gatekeepers )

...

Mining BTC is impossible, finding a bitmain s-19 ( 80ths ) is impossible, if found they're $5k or more, most of the miners on the market at 5+ year old s-9's that do 20ths, that are used and broken, and still they ask $2k ( all is china in btc mining )


If you must mine, then mine ethereum where you can make $25/day on a few graphics board, using very little electricity; But this too is impossible for newb's because graphics cards, like good ASIC miners, are either over priced, or not to be found

...

Lastly, if you want to make 'money' right now, get the hell out of BITCOIN, its going down.

JP Morgan long ago said "Its easy to get rich, but hard to keep your money"

HODL is the best way to lose all the money you made, if you ever made any.

A $1,000 invested in DOGECOIN a month ago is now worth $50k, chew on that bitcoin losers.

Make money from bitcoin has more options you can choose.  First thing is leverage trading,  if anybody can predict btc price will go up and down. You can take chances on that. Appart from this you can trade others coins on daily basis to gain some profit. Staking can be a good option to earn some more bitcoins. Holding btc for long term can gives us huge profits as well. So any bitcoin holders can do these separate things and enjoy life.

i am agree with you, but... not everyone understands that and there are two reasons for that
1. he really didn't know
2. he didn't want to know

It is really good idea to earn money by day trading. Though it is risky but there are a lot of money to earn. But btc survey is a waste of time so we should avoid it.

Just forget about mining and don't be deceived by other's saying that it's still worth to mine. Let those oldies do the mining. Instead of profit, losing is mostly what happened at those who start mining just because they saw old timers getting profits from it.

Use instead the budget for mining to buy bitcoin. Much easy and the only work should be done is monitoring it or just sleep it and wake it up someday. Bitcoin is far from going back to $100 again so it's ok to just let it sleep for long. But if that's happen, bitcoin is now a fail crypto.

With regards to surveys, there are sites that are paying crypto if you answer survey questions. Though I haven't done this because for me right now, it is a waste of time. But for those who have a lot of extra time and want to earn crypto without buying it - you can check this article - https://thinkmaverick.com/bitcoin-survey-sites/. Actually, there's a lot more. But it is for you to gauge if the site is legit or not. In terms of joining bounty programs in the forum, it is really hard to find a worthwhile project and that entails also your research towards the project.

If we have a lot of experience and knowledge of course it will be very easy for us to make money with bitcoin because we can do everything with bitcoin, so for now I'm only doing day trading to make money with bitcoin because that's all. thing I can do.

I guess the best way is trading or mining. But for those two you need skill and equipment though, so it might not be easy for some people or for the beginners. Another easy way is by buying bitcoin and holding it for a long term, but of course you can't expect an immediate profit from it.
I never tried surveys before, dunno how it works? like will it really work? But i guess never hurt to try that, you won't loss anything too, right?
Before, joining bounty is the best way to earn bitcoin i might say, but after 2017, i don't know if it's worth it anymore or not. Hard to find a good one that really pays and not a scam though. Too bad, bounty is my most favourite thing.

Most of the airdrops are not worth it anymore. The best year for airdrops was 2017 but for this year, it's no longer a thing that someone would be focusing with. But if you have a lot of free time to join each airdrops, you're responsible how you will use your time.

It's because mining requires you more than in trading. While in trading, instead of mining the coins that you want. You can take the shortcut path and buy that coin or buy bitcoin and trade it until you've made profit. It only requires you to wait until the price increases.