Is Buying and Holding the only way? - page 18.

vaughn125

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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

Lol man. That is not such of a problem. There a re a lot of ways to earn bitcoins. You can join signature campaigns, bounty campaigns,(that gives you stakes of their token. You can convert these into bitcoins if you want.

You can also do day trading to zmaximize profits. A lot of people i know has gotten grewt profits because of day trading.
Hope this helps in any ways,
Good luck pal.

aoihs00

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Thats too much complication you are carrying right now. I think you don’t really know what are you doing with bitcoin. I mean you started with the mining and then ended up all into alt coin investment wth some self suggestion. Well, everyone knows mining is not profitable as long as you have big farms and cheap electricity. If you want to earn profits with it then invest money into alt coins and trade them or hold them for long term. But choose everything very carefully and then try to make your way through alt eh profits. Just investing won’t help, learn about it. In addition to that why not try signature campaign and invest your time really.

osmo

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I think buying and holding is not the only way to increase the amount of bitcoin we have, I suggest you better trading bitcoin or altcoin and you can benefit from rising and falling prices. it's in my opinion.

DarkIT

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Quote from: pushups44 on October 30, 2017, 12:33:39 PM

Buying and holding has proven to be an effective method for the last nine years or so and there's a good chance that strategy will continue to work. Apart from that, buying and holding will give investors peace of mind. Who wants to be stressed out every day over bitcoin's volatility?

yes, for now, holding back is a very good decision. instead of spending the bitcoin you have, holding in for a long time can make you get a big profit. and I'm sure it will not bother you and will help you in the future.

pushups44

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Buying and holding has proven to be an effective method for the last nine years or so and there's a good chance that strategy will continue to work. Apart from that, buying and holding will give investors peace of mind. Who wants to be stressed out every day over bitcoin's volatility?

Shamie1002

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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

In a way, yes, it's the most safest way of earning today. If you haven't got anything to invest, then start offering services with btc as payment. That is the best choice I could possibly advice you.
Though there are many ways to earn there will always be risks. Even in buying and offering services, there are possibilities that you can be scammed.
But there are greater risks in trading and gambling. So rather doing that, stay in holding what you have earned.

Gens09

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Activity: 434

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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 guests kinng is also one of the best way to earn a good lrofit but i guess the bitcoinis already cost a lot in the market and we know it is a lot easier to mine bitcoin in the pass year so i guess if you hold the bitcoin in the point it will gonna be a big money and it will make you a complete rich man but i guess doing it today is not a good idea because it will complete ruined the difficulty of mining today so maybe you can try to mine altcoin like eth.

ajochems

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Quote from: bitjoin on October 30, 2017, 11:46:32 AM

Quote from: audaciousbeing on October 30, 2017, 11:29:26 AM

For high risk taker, gambling and HYIP are the best option, the more the returns the higher the chance of losing them all.

I like the idea of a well researched investment into a HYIP as it could in theory be +ev but straight up gambling where its -ev seems like you would be better off working at mcdonalds and just banking everything into bitcoin.

To get profit you have to hold your bitcoin. If you inverse in Gambling means, you need to take risk .In risk Both will happen,you may lose the inversement or get double of investment. If the price of bitcoin reduce means, just brought the lot of Bitcoin. So get into gambling is fully based on your own wish.

CryptoRama

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You should do for every altocin currency that increases 10% or more you sell for bitcoin about 10% of all you have, then when it get's lower you can buy again that you have more of that currency again... and repeat....

good luck

eann014

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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

If you have any idea that there is a coin that has a potential to rise like bitcoin then you can do that, but it is too risky since we don't really know exactly what will happen in the future. By this time bitcoin is the best way to invest but try to search some other altcoins if you want to invest in small amount.

CisColtz

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Well if you're not a good trader , it's better and safer to just buy and hold some coins. Also be very carefull when you buy alts , make sure you find good project and you enter near bottom or else you gonna loose bitcoins.

Dudeperfect

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No! Earning profit from speculation activities is not the only way to build a good corpus. However, I am also not impressed with the gains from mining activities in these days as I believe that mining Bitcoin is a business now and we should leave it for those who treat it in that way. Faucets are useless and pure wastage of time unless you have a strong referral network under your profile.

However, there are multiple other ways to earn handsome amount of profit by offering valuable useful services in the marketplace. Working as a bitcoin freelancer. Actually, there are infinite ways to earn money and here are some examples

See this thread: 100 Ways To Earn Bitcoin.

bitjoin

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Quote from: audaciousbeing on October 30, 2017, 11:29:26 AM

For high risk taker, gambling and HYIP are the best option, the more the returns the higher the chance of losing them all.

I like the idea of a well researched investment into a HYIP as it could in theory be +ev but straight up gambling where its -ev seems like you would be better off working at mcdonalds and just banking everything into bitcoin.

Colt81

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Activity: 630

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Quote from: MissionPhailed on October 04, 2017, 11:41:02 AM

Yep, the safest way is to simply buy an amount of Bitcoin and put it away in a cold storage. Value increased with 1000% since January 2016 ($420 to $4200), go figure ... Diving into alts could yield a much greater profit on the longer term but could also bite you in the ass financially. An acceptable middle-ground would be to put half of your funds into alts and leave the other half in Bitcoin. I'll make a return in cryptoland myself in this way.

I absolutely agree that, the safest way to buy bitcoin is on walllet and you can also keep your bitcoin on offline and online wallet. You must hold you bitcoin if you want to gain income and it is the best way to earn much income. Buying bitcoin is also a nice idea but you must a lot of money if you want to buy it.

audaciousbeing

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Several ways are avaliable
Earning through bitcoin is basically based on the amount of risk you are willing to take. For someone who wants to take low risk, then buying and holding might be the only option for him or her. But also worthy of note is that the higher the risk, the higher the return. For someone who has flair for moderate risk, then trading is the way, ICOs is an option as well as bounties because here the risk of losing money is there if the ICO decides not to live to expectation or the negativity ended its reign. If it works out, then the returning profit in addition to bonus of early investment might turn out to be a mine.

For high risk taker, gambling and HYIP are the best option, the more the returns the higher the chance of losing them all.

AIRDROPSQUAD

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PLAYHALL - SKILL GAMING PLATFORM

I think, that is not the only way. This is the Crypto world, you can do many things with this stuff. If you feel your electricity is costly, you can stop mining, and move to become trader. Although, trading is not an easy way to make some fast cast. But it is more profitable if you know how to do it.

EddyGameta

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if the cost of electricity in your country is expensive then maybe you can choose other alternatives like trading and participating campaigns in this forum, but if you still insist to mining and still want profit maybe you can try the cloud mining service that has a good reputation like owned by Bitmain it’s Hashnest.

Kray

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Quote from: Vendetta666 on October 04, 2017, 11:23:51 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

What do you want to say? Do you have a problem with how to reproduce your Bitcoins? If so, you can join campaigns. There you will earn bitcoins depending on your rank. And it's paid weekly, All you have to do is post depending on the required post you should be able to do in a week of campaigning. Because of the signature you are wearing as they are paid. So wait for about a month and you can join the campaigns

yup, I agree with you, by following the campaign we can add more income and invest at the same time invest by converting the coins we earned from campaigns into Bitcoin.

Yadamosan

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Quote from: NelfiNovita on October 24, 2017, 10:41:53 PM

not only that you can also join the signature campaign then you will be paid with bitcoin, mining and trading is also a great way to get more btc even though it is risky because every success that is achieved must have a risk.

that's also needed to consider when finding other ways of earning bitcoin but as long as you are willing to learn then you are just fine and luck will bring
your fate into your success, buying and holding can be the best thing for lone term investment while signature, trading and mining would be an alternate ways.

NelfiNovita

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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

if you buy and hold it for a few years I think it is not risky because bitcoin price is getting higher year by year and you will get many benefits in this way. precisely if you invest in a new currency that will cause more risks.

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