Is Buying and Holding the only way? - page 16.

poplolnman

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Quote from: CuriousGeorge on November 02, 2017, 06:11:20 AM

Quote from: perfect999 on November 02, 2017, 04:13:23 AM

Quote from: cryptjh on October 31, 2017, 04:48:49 AM

I would just hold, home bitcoin mining, only works if you have free electricity. And your mining hardware will most likely be outdated in a year or faster.
Use a little fractions of a bitcoin to trade, there’s a big momentum in all the lending ponzi coins right now, just get out fast.

Yes there is no doubt that bit coin mining is a profitable job but there is a major concern of the electricity so it is well and good but for those countries where the charges or the cost of electricity is low otherwise he will get not valuable profit from it, so investment and trading are good options for getting much more profit in a short span of time.

The current electricity cost is nothing if you see the price of bitcoin has now reached $7000+. Even better if you can make your own nature friendly electricity source that could supply you without the need of paying the fee.
So by concluding above, mining is still profitable and will cover the electricity cost by the high price of btc. thats why now the hash power increasing very much.

yeah but still the bitcoin difficulty increases time after time, and it makes things just remain same when the price of bitcoin at the low one. unless if you do mining with high hashing power which it cost a lot of money , just prepare your capital and you might could expect that your miner would become a profitable miner.

BitcoinIsAlgebraic

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Trading daily/weekly or whatever is actually beneficial to the market but it requires skill and an education in trading and economics holding is a much safer way of going about it.

CuriousGeorge

sr. member

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KUWA.ai

Quote from: perfect999 on November 02, 2017, 04:13:23 AM

Quote from: cryptjh on October 31, 2017, 04:48:49 AM

I would just hold, home bitcoin mining, only works if you have free electricity. And your mining hardware will most likely be outdated in a year or faster.
Use a little fractions of a bitcoin to trade, there’s a big momentum in all the lending ponzi coins right now, just get out fast.

Yes there is no doubt that bit coin mining is a profitable job but there is a major concern of the electricity so it is well and good but for those countries where the charges or the cost of electricity is low otherwise he will get not valuable profit from it, so investment and trading are good options for getting much more profit in a short span of time.

The current electricity cost is nothing if you see the price of bitcoin has now reached $7000+. Even better if you can make your own nature friendly electricity source that could supply you without the need of paying the fee.
So by concluding above, mining is still profitable and will cover the electricity cost by the high price of btc. thats why now the hash power increasing very much.

cryptolit

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Quote from: misa999 on October 04, 2017, 01:16:43 PM

Quote from: Saleem786123 on October 04, 2017, 11:00:33 AM

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? Huh

i think that buying and holding is good but you will not get so much returns as you can if you seek for coin burn etc, watch out coin events!

Coin events?

changcloy

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Quote from: MFY151 on October 04, 2017, 11:42:32 AM

Quote from: Saleem786123 on October 04, 2017, 11:00:33 AM

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? Huh

There are a lot of ways but different risks, if you want high return but high risks then gambling is for you, but if you want to earn steadily then go for campaigns and mining.

truth, for me i rather go campaigns and mining than gambling i'm that very sure if we can win or the profitable there's no assurance in gambling. so i stick to what i do joining signature campaign and mining .

Kiweikoo

hero member

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Quote from: TrumpD on October 31, 2017, 02:39:21 AM

At the moment buying and holding long term seems to be more profitable and less stressful than day trading. But who knows how long this will last for? It could drop off big time and would require very big balls not to panic when that happens. If demand for bitcoins keeps rising, then its all good.

No there are also a lot of different ways such as mining, daily trade as well but I think holding and holding is fast way for earning I’m also one the investor of bitcoin and I buy bitcoin when he price is low but I don’t keep it for a long time I sell bitcoins in a week and get fast profit and it’s very easy and way to earning.

perfect999

sr. member

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Quote from: cryptjh on October 31, 2017, 04:48:49 AM

I would just hold, home bitcoin mining, only works if you have free electricity. And your mining hardware will most likely be outdated in a year or faster.
Use a little fractions of a bitcoin to trade, there’s a big momentum in all the lending ponzi coins right now, just get out fast.

Yes there is no doubt that bit coin mining is a profitable job but there is a major concern of the electricity so it is well and good but for those countries where the charges or the cost of electricity is low otherwise he will get not valuable profit from it, so investment and trading are good options for getting much more profit in a short span of time.

Fulmand

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Quote from: BitcoinsGreat on October 31, 2017, 09:44:42 PM

Quote from: Saleem786123 on October 04, 2017, 11:00:33 AM

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? Huh

Its just a way to earn earn some profit.Buy low and hold it until price go up and sell it.But its not the only way.There's still some more and interesting easy way to earn it.you can join any campaigns.Which can paid you depend on your work and ranking.Also you can use some mining software to earn more NichHas who use your GPU power to mine.Also you can play faucet to earn but the amount would low

There is no others way if you think you want an instant profit. Aside those mining and gambling that it takes time to earned. Just keep on buying bitcoin at a low price value and sell it on a higher price after the fork cause probably the price is so high. And also trading altcoin is a better earner to earned profit.

BitcoinsGreat

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Quote from: Saleem786123 on October 04, 2017, 11:00:33 AM

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? Huh

Its just a way to earn earn some profit.Buy low and hold it until price go up and sell it.But its not the only way.There's still some more and interesting easy way to earn it.you can join any campaigns.Which can paid you depend on your work and ranking.Also you can use some mining software to earn more NichHas who use your GPU power to mine.Also you can play faucet to earn but the amount would low

imteaz

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Quote from: Haunebu on October 31, 2017, 10:59:17 AM

Quote from: pjwaffle on October 31, 2017, 10:14:22 AM

Ok, you could choose new altcoins from ICOs to invest. I will introduce you some potential coins. Those are Hydrominer, Bitclave, Playkey, Soma,...

I have to disagree with you here. It is generally very risky to depend on altcoins due to the volatility of the crypto world. Personally, I have invested in many altcoins and I have suffered major losses and gained small profits in the long run. It is possible to earn huge money through altcoin investments, but it is far more riskier than simply buying and HODLING. According to me, buying and HODLING is the best approach in the crypto world.

Alt coin is always risky, because it depends on bitcoin value, also you have to understand why most alt coin going down now, due to hard fork happening in Nov 15.

So my suggestion would be HOLD. Don't sell it in lower price.

Haunebu

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www.Crypto.Games: Multiple coins, multiple games

Quote from: pjwaffle on October 31, 2017, 10:14:22 AM

Ok, you could choose new altcoins from ICOs to invest. I will introduce you some potential coins. Those are Hydrominer, Bitclave, Playkey, Soma,...

I have to disagree with you here. It is generally very risky to depend on altcoins due to the volatility of the crypto world. Personally, I have invested in many altcoins and I have suffered major losses and gained small profits in the long run. It is possible to earn huge money through altcoin investments, but it is far more riskier than simply buying and HODLING. According to me, buying and HODLING is the best approach in the crypto world.

Daniel91

legendary

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No, I don't think so.
You can collect bitcoin in other ways as well.
At first I bought bitcoin, but now I'm collecting bitcoin through signature campaign.
It's much better way

Other way is to learn some skills like programming and earn bitcoin for the work done.
Right now, I think it's better to hold bitcoin than to sell, because bitcoin still has great growth potential.

Jonsnowstark

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Quote from: Saleem786123 on October 04, 2017, 11:00:33 AM

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? Huh

There are a lot of ways to earn btc aside from holding it. Most people do trading. Some people hold btc and wait for it to increase in value and others do day trading with altcoins. Others also involve in gambling. Its actually all up to you on what fits you the most.

pjwaffle

full member

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BIB Exchange

Ok, you could choose new altcoins from ICOs to invest. I will introduce you some potential coins. Those are Hydrominer, Bitclave, Playkey, Soma,...

dyewic

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Quote from: ukstar on October 04, 2017, 12:02:48 PM

If you want to holding you can do it or you can trade with your coin.

I think buying and holding isn't the only way to earn bitcoins because there's a lot and fastest ways for me to earn bitcoins theres mining you can earn bitcoin by mining in mining sites, trading you can trade your tokens/bitcoins in bitcoins sites, gambling you can earn bitcoin by playing gambling but its too risky, investing on bitcoin related businesses and theres more ways on how to earn/gain bitcoin and that includes buying and holding.

kenkoy

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Mining of BTC is not that easy. yes, the rigs should be up to date. There are a lot of competitors . If you are a passive investor, then buying and holding BTC is the only way for you to generate income on BTC. If you need to add funds to BTC, then there are signature and bounty campaigns in this forum to earn BTC. Go also for a freelancing works that pays BTC so you can earn as well.

Slipknot79

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Blockchain Just Entered The Real World

No its not. You can trad also. However do yourself a 6 month experiment.

Imagine holding Bitcoin for 6 months. Work out your profit.

Do the same for the same period while trading. Work out your profit.

I am willing to bet you will be more profitable in the result by just holding.

p3ppymon

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Quote from: Saleem786123 on October 04, 2017, 11:00:33 AM

i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin? Huh

I would definitely disregard all the faucet related business as it is a waste of time - too low income per hour.
Mining directly bitcoin is not longer profitable for small miners as the cost of running the rig is quite high.
Try trading and see how it goes. You might find your fortune!

Greybelly

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No you can also trade with bitcoin to get a good profit or you can go gamble in casino's witch are very risky ofcourse but it can make you rich in no time if you have a bit of luck. But holding bitcoins is probably the safest way.

dvillier

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Quote from: waqarkahloon on October 31, 2017, 04:35:26 AM

in many countries mining is too much expensive. Then it is best way to earn profit by buying and holding in case of BTC. But in case of other coins u can trade as according to market news about that coin. For that u have to be a good trader. Otherwise u can loose your money.

i think buying and holding is not the only way that you can earn bitcoin but there are various ways through which you can earn bitcoin like you can work with various signature campaign and can earn bitcoins or you can do investment in some ICO's and can earn bitcoins or there are too many ways through which you can earn bitcoins but you can need strong experience in that.

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