Please if you are an experienced member of this forum, help me to complete this topic.
Pre-requisites:
- No, none of those sites in the investor-based games" are legit, you been warned! A lot of experienced members will warn you to not use those websites as they are scam. Please listen those suggestions and no: hashocean is not legit, doubleyourbtcinhours is not legit, ponzis are not legit: they are scam and they will eat your money and if you will continue to support/participate in those frauds, you will loose all your money or if you ROI, you would only have stolen other users money and be tagged with negative red trust on this forum. I been asked:"if they are scam, why moderators dont delete/ban them". Because moderation policy of this forum is not to delete those scammers but to let you use your brain and train you to stay away from those "too-good-to-be-true" stuff. Again: before to invest your money in anything BTC related, search for posts on this forum and listen at experienced and trusted members suggestions.
- No, scamming people here or elsewhere will not make you rich and/or you will propably end in jail. Self-explained: if you are here to scam, you are not a pro. You are a miserable unskilled guy, so unskilled that soon or later you will get caught. Despite the international use of Bitcoin, this community is close enough to find out scammers and tag them...trust me: go back home, dont even try here.
Ways to seriously earn bitcoins:
- Faucets
- Sell goods for bitcoins
- Signature campaigns
- Mining
- Trading
How to:
- Faucets - Faucets are free coins give away to everyone by solving a captcha or visiing paid ads. They give away a few satoshis every x minutes to the same user. You can find a lot of threads abot faucets on this forum. There are also faucet rotators, websites hosting a list of faucets so you would be able to scroll within them without being inactive to wait your claim time is over. You will not become rich with faucets. You can play with faucets to start and study your bitcoin wallet and see how it works but, you wont earn more than some cents and propably your fingers will get tired before of that. Faucets sites are used mainly for advertising purposes.
- Earn bitcoins selling goods - look around your garage, house, grandma wharehouse and see if there are goods you can sell. You might be a programmer even so you could eventually sell your own applications or services. Or maybe you have some old mining hardware or collectibles. There is a marketplace on this forum and personally i check it at least once a day. You will be surprised at how fast you can find interested people to your goods. If you have some money to invest, buy a domain and an hosting, advertise it with a signature campaign in this forum or with google adsense, and accept bitcoin only payments: if you work seriously on it, you would be propably the first case of success here...so you got a lot of room with almost no competitors.
- Signature campaigns - Signature campaigns are a unique feature of this forum. You will not find another forum with active and paying signature campaigns: signatures are those spaces you can see at the end of everyone posts and if you accept to display ads in your signature, you will get paid for each post. Some of them accept newbies but the more you grow your forum rank, the more you get paid. Please dont spam just to get paid: campaign managers will find it out and ban you from their campaign. Write constructive posts, no need to write essays, just dont spam. You have the chance to actively contribute to this community growth and get paid for it: isnt it great? How much can you earn tho from Signature Campaigns? There is a thread on this forum that is continuosly updated with active campaigns, their status and their payouts. Just search for Signature Campaigns and you will see that sticked article. Personally i'm earning 0.008 per post with Bit-X but it is not open to new members for now.
Edit: i see a point on what KenR says: Signature Campaigns are not related to Bitcoin's earning itself, it is more related to this forum feature. So i partly agree with him and i'm going to get some feedbacks before to decide to remove the Sig Campaigns from this list. Please comment and let's listen at others thoughts. Thanks KenR for bringing this up!I suggest you remove Signature Campaigns as a way to earn bitcoins.It dissolves the entire purpose of this forum.The main objective is to contribute to the forum constructively ,you get few bucks for it,its just an advantage and not something your livelihood should dwell upon.People just come here for signature campaigns ,in fact people want to join such campaigns to earn bitcoins without having a clue how it works.This topic will be searched throughout google,don't want you to mislead a lot of young minds to dwell on signature campaigns without having a clue how bitcoins work.I request you to remove signature campaigns. - Mining - yes mining is still profitable and the way bitcoin is designed, mining will be profitable for a lot of years, until the max number of bitcoins have been generated (IIRC about 21 millions of coins). Dont mind halving, the price will adjust itself because the universal demand/supply economic law so, the less bitcoins are generated, the more its price will go up (with up and down adjustments tho). All you have to follow is the hardware and the electricity cost: hardware builders like bitmain, bitfury and their competitors, will continue to build new hardware using new technology, so to keep mining always profitable. If they stop is ok, difficulty will decrease making old hardware still good for mining operations, so that's not an issue. Right now antminer S7, avalon and some spondoolies based 28nm chips can give you 10% of montly ROI. Anything lower than that, is a waste of money and electricity, so dont even try. No you cant profit with antminer S5 and lower right now, so dont whine, stop to say mining is not profitable and buy a new hardware
. Actually we consider electricity cost lower than 10 cents per Kw, good to mine. So anything around there or lower, will give you good chance to profit with mining operations. If you dont have that cheap electricity cost, you should cloud mine. Cloud mining is still profitable yes, but only with a few companies and hardware: actually bitmain S7 market and BW.com are the only companies that are both legit and provide an exit strategy. Both are behind the best pools and both allow you to sell your hash at user marketplace: so if you need your money, you can get it back whenever you want. I'm sorry for genesis mining and hashflare or other legit companies but, unless they provide an exit strategy, i woudnt invest one cent of mines there. - Trading - Trading on exchanges like bitstamp, BTC-e and others is good but, please, dont use them like gambling sites: use a strategy. There is a section in this forum with very experienced members that can show you good strategies. Keep calm and pick one, you will earn some good Bitcoins. Personally i like Sampey's CAT automated trading script, if i had enough time i would get some referrals from his bot, he is even a good guy and a trusted member. To show you how profitable would be a trading strategy, i am going to show you what i call emergency trading, that strategy i use when there are those huge red or green candle sticks that cause a lot of panic
The strategy is to transfer your principal from fiat to BTC everytime the candle stick goes green, and viceversa: transfer back your principal from BTC to fiat everytime the candle stick goes red. So here is a simplified schema:
BTC USD BTC/USD Price Action USD VALUE
1,000000 0,00 400,00 -10% Sell 5% 400,00
0,900000 36,00 360,00 -10% Sell 5% 360,00
0,810000 65,16 324,00 -10% Sell 5% 327,60
0,729000 88,78 291,60 -10% Sell 5% 301,36
0,656100 107,91 262,44 -10% Sell 5% 280,10
0,721710 88,97 288,68 +10% Buy 10% 297,32
0,793881 66,05 317,55 +10% Buy 10% 318,15
0,873269 38,32 349,31 +10% Buy 10% 343,36
0,960596 4,77 384,24 +10% Buy 10% 373,87
0,971876 0,00 422,66 +10% Buy 10% 410,78
Look at USD VALUE column: we faced up a huge red candlestick and then a huge green, by selling 10% of BTC everytime the price ticks -10% and bought 10% everytime the price ticks +10%. At the end of the swing we got a total of 410,78 dollars worth of our assets value vs initial 400 USD.
This is a strategy i use when i panic and i used it just to show you how you could use a strategy to not "gamble" with your money, so it is not meant for daily trading strategies. In the trading discussions sub you can learn more complex and more profitable strategies.
, me included)Hamu