Is Buying and Holding the only way? - page 20.

michellee

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Quote from: CryptoTamer on October 24, 2017, 01:17:08 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

It has almost the same risk. You buy antminer s9 and doing the mining is also risky because Bitcoin prices determine your mining profits. I think it's better to buy Bitcoin because there are many things you can do. such as trading or investment

i think its better to trading because with trading you can make a lot of profit but its depend on the coins you choose. and I think its not wise to spend your mining for mining because the difficulty of bitcoin is increase too high and only high end hardware like s9 will give you a lot of but not the profit because its depend on the bitcoin price. beside that, if you choose to mining, then you need to calculate about the electricity fee and if you are fine with the fee, then you can try to mining.

wellsontheja

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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

Investation is always had they own risk but i thought investation in bitcoin is better than other coin because the risk is more high at other coin than btc. Even for mining it's had they own risk too if the price is suddenly going down it'll be the risk for mining coin i thought.

btcdepo

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Buying and holding is just one way of investing. When you become more experienced invester / trader you can do day trading during the day with a lot of buy-sel, sell-buy and make money with that.

Rishabh riyz

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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

We know that bitcoins is always growing it's value in long term that makes it a good investment, but buying Bitcoins now is costly the price now is $6K .
So I would suggest you to buy other cryptos which have a good potential to grow their value in future.
The potential of asset matters the most in any investment, so one must carefully study about the altcoin they are investing in.
Investment without knowledge is like gambling.
Cryptos like ethereum and ripple actually have potential to grow up. If their is any famous crypto besides BTC then it is ethereum so one should surely invest in ETH .

CryptoTamer

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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

It has almost the same risk. You buy antminer s9 and doing the mining is also risky because Bitcoin prices determine your mining profits. I think it's better to buy Bitcoin because there are many things you can do. such as trading or investment

Indrawan77

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There are few mpre ways to earn and mining is not too suitable anymore due to the difficulty and the electricity price, you still can do trading or offering your service, if you want to invest in alt coin or ICO it is better to have the knowledge before you try it, alt coin is a very risky investment because the volatility is very high, the safest investment is holding bitcoin

Krishan_94

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mining is complex.. better first try trading in bittrex,,

Kakmakr

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It was a good call to stop Bitcoin mining, now you can focus on something more profitable. Sell your Antminer and buy some bitcoin with the money you received from that sale. There will be people who live in areas with cheaper electricity, who will still be able to make a profit from that. Sell the BTC when the price is high and buy bitcoins when the price is low.

This way you will make a lot more money than $300 a year. ^smile^

8Habits

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Quote from: kriticko29 on October 11, 2017, 10:49:38 PM

Buying and holding isn't the only way to earn bitcoin. You can also earn by means of trading. If you take riskIf you are a risk taker then the probability of you becoming a successful bitcoiner is very high. You might lost some but you'll earn a lot by trading.

Trading is really one of the best ways to grow and accumulate more coins with a reminder that you need to make your homework first before even going to make your first trade. It is not enough to just make a trade and wait that you will going to win, you need to study the market and its news and then position your self in an ideal price point with pre-planned exit sale.

kriticko29

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Buying and holding isn't the only way to earn bitcoin. You can also earn by means of trading. If you take riskIf you are a risk taker then the probability of you becoming a successful bitcoiner is very high. You might lost some but you'll earn a lot by trading.

shesheboy

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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

yes you can and thats why there is called trading , for you to buy other cheap coins that is not popular compared to bitcoin but most of them can pump and you can make much profit just like in bitcoins. although there are still times that bitcoins value will drop hard and thats the perfect time to buy it. so i guess you better watch and keep an eye on the market oftenly to know whats happening and be updated on their prices if your on to investing or trading.

leisha

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If you really want to be rich, try another ways other than investing on cryptocurrency. Try to start businesses, it will give you more profit other than mining or investing on cryptocurrencies. It's part of earning! You can't be rich in just a second, you'll start from nothing but soon you'll be satisfied with your profit if you work hard and find another activities or campaign that trends today. Now, if you think there's so many problem you encounter with bitcoin then stop it already.

Jafri101

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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

Buying is good but i advise you to trade. Sell when its high and wait for its lil dump then again puchase it but check different analysis before of big traders. Also make sure if its a loss then the next invest should overcome the loss.
Best of luck

TrueAnon

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If you're into minining you might want to take a look at the APX project Wink

Otherwise, invest in altcoins and cash them out into Bitcoin. Note: Only your worth in Bitcoin matters so don't imitate those idiots on Twitter showing off how much they own in dollar. Wink

Mpamaegbu

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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?

Your last sentence which I bolded should be treated as a rhetorical question because that is where the direction you seek lies. Go for cheap altcoins with rising potential. Bitcoin is overrated!

yndye

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Quote from: pginvest on October 06, 2017, 04:17:29 AM

There are several strategies that you could employ, most will depend on your level of risk tolerance and skill. I have seen some people successfully employ a tactic of say investing an amount in BTC when they perceive the price to be not too high and wait for a rise, when they get a rise of pre decided amount (taking emotion out) they sell half of their holding and then wait for a retrenchment, buy in, rinse and repeat.

Sometimes this can work, but it does require a lot of work and constantly watching.

Or he can choose to invest in altcoin and do the same. I have known also some that profit from altcoin trading as long as they understand what they are doing. Some altcoins go up to 2x or 3x in just span of days and if you get in before the hype then you are lucky but if you get in after the hype, then you have to hold on to your coins or cut loss. Personally, I believe that the true money is in trading because of the many opportunities you can find in it. There are others who choose to just buy and hold but as for me, I would earn (since I don't buy bitcoin), trade some and hold some.

desi92

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If you have much fund, invest in bitcoin is better since btc price is more stable than other coin. But most likely invest in low price coin is also good. You can make profit quicker than but also has bigger risk.
O

pginvest

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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 several strategies that you could employ, most will depend on your level of risk tolerance and skill. I have seen some people successfully employ a tactic of say investing an amount in BTC when they perceive the price to be not too high and wait for a rise, when they get a rise of pre decided amount (taking emotion out) they sell half of their holding and then wait for a retrenchment, buy in, rinse and repeat.

Sometimes this can work, but it does require a lot of work and constantly watching.

uztre29

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No, there are other ways to earn bitcoin. The first one is by trading. The second one is by participating in a logo making contest and winning it. The third one is by gambling but not advisable to do. And the last thing I know is by joining bounties or signature campaigns which is so popular here in Bitcoin Forum. Campaigns will pay you weekly or at the end of the ICO. The higher your rank, the higher your profit will be.

xanxus.kun

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You have to get what you want your own way.

Actually buying and holding is quite good, but you have to be patient about it. If you want you can try trading, but just like every investment, trading comes with a risk, but if you're skilled or lucky enough surely you'll be rewarded big time.

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