Topic: Is Buying and Holding the only way? - page 23. (Read 4363 times)
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 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? 
As you say electricity is too expensive for you,but if you want to try with mining do you consider solar energy maybe?Although this is also additional investment and probably there would be no profit for you.
Besides buy&hold option you can offer something to sell on this forum,your skills or something of your goods.When you reach higher rank there is option to join to signature campaing and make some BTC in this way.Faucets are slow way to get something but it is better then nothing,you can claim altcoins and sell them when price go up.
It is tempting to invest in some altcoins,they are cheap in comparison to BTC,but also it is even more risky then invest in BTC,many will say that altcoins is only used for pump&dump and most of them have no future.
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?
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 feel that it's definitely better for you to use fiat to exchange BTC if you are just going to buy one antminer to mine. Apart from that, increase your capital to buy a lot more ASIC, that would bring your profit to however much you want but do note that mining difficulty do increase so a constant calculation might not work.
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?
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
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?
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