Topic: Indirect way of buying Bitcoins (Read 1477 times)

I mine the altcoins and sell them for the bitcoin. That is my way of earning bitcoin. It is more profitable.

It is possible only if large bitcoin accumulators stop making profit and decides to give bitcoin to users for the price less than the market value.

I would rather trade and make no profit than trade and lose out. Worst case senario, I will hold my coins till btc price comes up.

It's actually better to do what i said earlier..

Rather than making mistakes and losing large amounts of money i lost chump change.
When you first start out you -are- going to make mistakes.

For a long time i would simply flip coins for almost no profit.
More of a hobby.
I got satisfaction out of getting trade experience and building my portfolio up gradually.
And seeing even the smallest profit is fun still.

You guys who walk in with a wad of cash new to trading are missing out on a lot.

You'll significantly lose some shares while transferring from ALTs => BTC. Or, if you want to make some profit that way, you'll have to hoard the altcoins until it rises it's corresponding "BTC-exchange" value (which is quite rare and time consuming for newer altcoins)! Rather, I would like to wait for BTC price to go down and directly buy with USDs. That's the easiest way IMO

Exactly. Faucets are hard worf for low earnings. But it does sum up, and certainly they can provide something to trade with and learn a lot about trading.

Besides, I have heard people despise faucets and then the same people saying that Bitcoin will go to the moon and reach 1000$ or more. That is somewhat incoungruent. If you think Bitcoin is going to the moon and beyond, then what you earn from faucets are not really pennies, but much more in the future.

There were once faucets that gave full bitcoins back in the time. If people had said "It is not worth the time to do faucets" back then, they will not be millonaires right now.

wrong.. i made a fortune off them because some of us know how to trade.

i took nothing and turned it into something it took me about a month and a half to get 1 single LTC (back in mid/late 2013)

you kids who showed up late with a fistful of cash from your bank know squat !

I started by going to faucets and and doing CPU mining and a bit of nvidia gpu mining on 1 pc
i made so little it was hilarious.. BUT !
I got skills..
I kept trading that handful of pennies into i made about $12,000 and then i spent it
And faucets were instrumental in me getting some coins to get trading with.

you kids don't know how to trade and are afraid of hard work.
what i did was HARD work.
what i did was learn the hard way too.. making mistakes losing money but battling back.

If you actually have trading skills you can take 1 single penny and turn it into 10 grand.

I KNOW BECAUSE I DID IT !!!!!!!

and the rest of you who went to your bank and took money out and then went and bought Bitcoins can be quiet.
you can speak up once you learn how to trade kthxbye

PS:
I was told unanimously by everyone everywhere i was wasting my time and i'd never make anything and i was too late.
and i have to admit it's been fun saying "I Told You So" over and over to all the little big mouths out there that know squat.

Yes you can do that but there involves a significant amount of loss in doing so. You will lose some money in trading fees every time you do such a thing.

That's pretty much the foundation of the entire alt market. They're all waiting to increase their BTC with alts rising against it. Unfortunately you're exposing yourself to their markets which are a hopelessly warped free for all. You may get lucky but you're going to have to take a monumental risk.

Bitcoin faucet rotators or faucet referral links are passive bitcoin generating methods. This might be effective indirect bitcoin buying ways for very less prices as we just put less efforts or less priced advertising for our referral links.

i'm only aware of passive bitcoin income with faucets rotator, if you use a bot, or arbitrage with a bot, or any form of profitable mining

1) Faucets? Haha. Even if you had hundreds of people clicking for less than a penny, you would get maybe a couple dollars a week. Faucets are a complete waste of time and you are deluding yourself if you think that you can make a decent amount off of them. The time invested to reward ratio is horrible unless you have a rotator or you operate a faucet.

2) I think people aren't that stupid. Here's a thought: if I told you to do an action for me, and then give me the rewards for even less than what the reward was... would you do it? Kinda obvious that the answer is no.

Indirect way that I thought about, is generating a lot of receiving address, then paying different people with different ips) to do faucet claims to those addresses for a week. But that would be a lot of work distributing the addresses among people, controlling they do the claims, and in the end won't get that much.

You well noticed buying altcoins, but if you have any other way to buy alt coin than bitcoin then it's good.
But the risk involved here is that most of altcoins their price changes too often.
So it is possible to win or loose, but buying bitcoin under the market price can be only if someone needs cash very fast.

Simple answer no! If there was, everyone would be doing it hence bitcoin price would keep on decreasing. Even if there is such a "method" no one will share it with a complete newbie(and someone who has neg trust rating).

Is there an indirect way of buying bitcoins at a low price than the market like buying altcoins or litecoins or any other currency first for a cheap price and then exchanging them for bitcoins?