Is Buying and Holding the only way? - page 21.

paolo099

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Quote from: acpr23 on October 04, 2017, 05:52:42 PM

Day trade is much profitable if you have those excellent trading skills, buy at low or at dip and sell with profit even with a little profit, if you earn atleast 5-10% per day that is good enough avoid being greedy.

gaining 5/10% per day? it always depend how much are you trading and is not possible to have such gain on a daily basis with just BTC unless you're 24/7 in front of your exchanger ready to buy/sell

loragean03

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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

mining costs a lot, so instead of mining. buy bitcoin and hold, that the very best option to choose. its not a risky move when you buy bitcoin, because after holding bitcoin for long period of time, you will got some profits from it, and im sure for that, because ive experience to buy bitcoin but its only a few amount of it, but its worth it to have this bitcoin, you can earn much as you expected.

Activitycoin

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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 agree with you but there are some other way also like you can do a daily trade also and you can do investment but I don’t think so that when some will keep bitcoin for a long time because bitcoin is changing his price quickly to high price just need hard work to make too much bitcoin and then sell it can give you hand which can solve your problems.

misa999

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wow thanks so much for answers. I think I'll try day trading. Why not! I will burn myself if nothing worse..

soham

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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

Holding bitcoin is a great investment for longer term like 2-5 years. If you are looking for a short term profit, then holding bitcoin is not an option for you to make some profits. I can think of only one way for you to earn a good amount of bitcoins as per your current situation., is trading. Trading is one such method, using which you can earn unlimited.

However, to start with trading, you need to learn it first. A lot of youtube videos are available to teach you trading. Start with a small amount to become familiar with the market dynamics, then gradually increase the amount to make bigger profits. I am sure, if you start trading seriously, you won't look for any other options.

acpr23

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Day trade is much profitable if you have those excellent trading skills, buy at low or at dip and sell with profit even with a little profit, if you earn atleast 5-10% per day that is good enough avoid being greedy.

batang_bitcoin

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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 feel sorry about your experience but treat it as a good thing that you had experience it because you can warn others that wants to try out mining with bitcoin. You should invest in some alt coins that are quite cheap right now and try to get in while the market is in quite down slide for today. Bitcoin, ETH and others that are in the coinmarketcap.com are the best option for you.

molsewid

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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 think ant miners are not that good with minings with btc but those gpu are good with the altcoins if I were you I will chose altcoin rather than bitcoins as you can see and calculate it you can save money from high bill of electricity its depends to you if you want to invest or not bitcoin is not that accurate with the pricing but it is really good investment if you hold that long. Bitcoin is the best of best trade with altcoins and make more money with it.

happyme1818

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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

Everything has its own risk, if you want a sure investment just stick to bitcoin. Altcoin has a bigger risk than bitcoin but if you choose carefully it has a bigger reward. As the saying goes "the higher the risk, the higher the reward.

Ultegra134

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Bitcoin Mining isn't that profitable any more, especially for an individual. However, holding might be the most "Safe" kind of investment you could do. Trading is excessively risky, it involves to frequently keeping track of Bitcoin's price, bying and selling at the right time. Not to mention how stressful it is. Moreover, during rush times, it's common for exchanges to be intensely slow or even crash, it has happened to me once in Kraken, while dealing with Bitcoin Cash. It resulted into me losing a small percent of what I would earn in the first place.

eagleman

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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.

That's barely low it's one of the reason why if you want to try out mining with antminer s9 you should invest bigger capital on that thing. A single antminer won't work at all, the profit you'll be getting there will be the one that you'll pay for your electricity. Don't get into the hype of those people that are attracting that mining is still profitable, only the mining farms are the one that are able to catch up.

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

and obviously i can't use faucets as that will take years to get one bitcoin.

You're right about it.

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

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 can be an option to buy and hold bitcoin but there are some ways of earning bitcoin. As you are pointing out that you want to have some bitcoin but buying is a good alternative rather than buying a mining rig.

skarais

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Indeed holding bitcoin and for the next few years is certainly a lucrative investment, and it is very effective in gaining future profits by exploiting the increasing bitcoin price fluctuations.

dreamer81

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The only way for what? The whole purpose of bitcoin is to buy and hold. Dont think otherwise. It's not like anything you have ever seen before. It's not a stock. it's not a currency.. it's store of value!

chickenado

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Quote from: jc89 on October 04, 2017, 11:29:49 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

Right now, it's not profitable to mine anymore because there are lots of miners now and the production cost is really high. There are other ways other than buying and holding. If you are interested in trading it's by far the fastest way to earn but is also risky. There are also opportunity in ICOs investment as long as you know which one to support but that's the tricky part you know, finding the right one. Everything is a risk here and the question is how much of a risk taker are you. Remember that no one succeeds who doesn't take risks. And by the way, another good source of btc is by offering services in exchange of btc and one example is the signature and bounty campaigns here in this forum. But first you have to establish your rank to at least Jr. Member for you to be eligible in campaigns. There are other services though, you can offer to design logos, translate ANNs, offer web designs, programming, etc.

I guess those recommendations can really help a lot to those who failed on their investments like buying and holdings. Lately I observed that there were more dumpers at the trading sites, which I seen it those people were not traders actually. It seems that they are those who dumps immediately and that's what bounty hunter did, who didn't think for holding.

nizamcc

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Just for your info, I would like to tell you that I have recently seen people mining DASH and trying to make quick bucks over it and they became successful.
Those who bought the miners, sold it for more than 3x the price and those who bought it must be enjoying the profits currently. Try and see if you could get a D3 miner as the opportunity is still there because difficulty is still not high considering what it will be in the future when the October (this month) and November's batches are sent out to the buyers.

stompix

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Blackjack.fun

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

You're confused about something and I can't really pinpoint what you're aiming for
You treat bitcoin as an investment and you calculate your investment and return in usd but at the same time you think of getting 1 btc.

What is the final stage of your bitcoin adventure?

You plan to invest x amount and the time it reaches value y you plan on dumping or you just want to create a source of a steady monthly income? You want to invest and wait or you want to generate constant revenue.?

johnwest

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BabelFish - FISH Token Sale at Sovryn

If you dont want to invest in ICO or altcoins then Yes it is the only way. Buy low and keep it in a cold storage. If you can invest then do it in the ICO's, lots of new potential ICO's coming up these days, study on them and invest little.

maxamus

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Quote from: l3sny on October 04, 2017, 01:21:06 PM

I think this is the most profitable way to earn money on the market, since the only thing you have to do is to look at potential coins and then invest for some time, you dont have to do anything, only to wait a few time until it makes x1,5 x2, it is so easy, i really have fun when i hold, and it doesnt takes me much time to do it, so i enjoy it.

Yes i agree with you as the best way of making more profit is investing in the potential coins like alt coins and ETH then once the value shoots up reinvest it into bitcoin as it will be little difficult to invest in bitcoin as the value is high.

freebutcaged

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Show me a coin with the same potential of Bitcoin and with the same sourcecode mate, no cryptocurrency other than Bitcoin will ever reach $4000 if you are

Looking for it you will never find it, there is no guarantee of earning $300 profit in a year by mining with a S9 miner. but people like Chinese, Wu etc are the

Ones ensuring the future of Bitcoin, they are manufacturing miners and with their cheap electricity they'll continue mining increasing difficulty every day. you

Should just buy and hold. your guarantee of price going up in future are them keeping their mining operations on to compete, when you have miners you have

Market and demand.

JanpriX

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Buy The F*cking Dip

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 and holding BTC can make a profit for you but it is not the only way. If you could provide some time in doing research on this area, you could come up with some list that will provide you ways on how to earn BTC and how to make the best out of it. You could trade it with altcoins (as long as you do your own research and don't listen to other people) that has potential in the future. Many people became filthy rich because of it. Classic example is ETH and NEO. Those who invested in these coins in their early days made a killing when their prices went to the moon. Grin

It is a bit risky but that's why you should assess first yourself and do your own diligence in researching the coins that interest you.

Don't get me wrong. Buying during the dip of BTC and holding it for a couple of months and years will definitely bring you significant amount of profit if you are just patient. Choose for yourself and don't listen to others.

Topic: Is Buying and Holding the only way? - page 21. (Read 4363 times)