Methods of growing your Bitcoin? - page 179.

erikalui

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Quote from: ajrah on September 05, 2015, 02:07:00 PM

Quote from: erikalui on September 05, 2015, 02:01:21 PM

Gambling isn't a way to grow your bitcoin. It is very risky and if you can get a lot of profit in seconds, the next moment it's all gone. It's better to participate in signature campaigns and/or earn it by doing small jobs which earn a decent bounty like 0.1-0.5 BTC. Lending BTC also is a safe option to gain a decent interest of 10% or more in a week's time.

I think the risk started when we trusted using bitcoin. We know that anytime exchange rate maybe up to 280 few hours more it will be 220 but we still keep BTC

Yeah true but if we compare bitcoin and gambling, there is a vast difference between the two. Gambling soon becomes an addiction but bitcoins don't. Gambling is like you completely lose or completely win (in one trade/bet) while in bitcoin the person gets atleast half of his investment back. If the price falls from $280-$220, he atleast gets $220 back and if he waits, he may even earn profit. In gambling, it's not the case.

prodigy8

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Quote from: winspiral on September 05, 2015, 03:02:46 PM

Quote from: mrsalve on September 05, 2015, 02:46:30 PM

I would say buy low and sell high. It's one of the best methods giving that BTC don't plunger totally.

""I would say buy low and sell high""
this is not a method
this is the result of a good method.

Sometimes when the time is not good it happen "Buy high sell low" and happens when the coin market crashs

winspiral

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Quote from: mrsalve on September 05, 2015, 02:46:30 PM

I would say buy low and sell high. It's one of the best methods giving that BTC don't plunger totally.

""I would say buy low and sell high""
this is not a method
this is the result of a good method.

mrsalve

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I would say buy low and sell high. It's one of the best methods giving that BTC don't plunger totally.

ajrah

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Quote from: erikalui on September 05, 2015, 02:01:21 PM

Gambling isn't a way to grow your bitcoin. It is very risky and if you can get a lot of profit in seconds, the next moment it's all gone. It's better to participate in signature campaigns and/or earn it by doing small jobs which earn a decent bounty like 0.1-0.5 BTC. Lending BTC also is a safe option to gain a decent interest of 10% or more in a week's time.

I think the risk started when we trusted using bitcoin. We know that anytime exchange rate maybe up to 280 few hours more it will be 220 but we still keep BTC

erikalui

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Activity: 2632

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Gambling isn't a way to grow your bitcoin. It is very risky and if you can get a lot of profit in seconds, the next moment it's all gone. It's better to participate in signature campaigns and/or earn it by doing small jobs which earn a decent bounty like 0.1-0.5 BTC. Lending BTC also is a safe option to gain a decent interest of 10% or more in a week's time.

ajrah

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Quote from: maokoto on September 05, 2015, 09:02:43 AM

The only thing attractive about gambling is the promise to earn very fast. The odds and math is always against the gambler, and you fall in mind traps kind of "if I have an strategy I will reduce risks and end up winning" then you earn slower, but finish losing if you continue gambling long term.

You can grow your bitcoin in gambling, but you have to bet on those who are sure win. Problem with putting your coins on those who will surely win is you will win small. But still it grows

example is the coming fight of Mayweather.
Would you bet on his opponent of bet on Mayweather. Putting your coins on Mayweather may be a sure win but you will earn a very small amount

winspiral

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Quote from: confirmation120 on September 05, 2015, 12:18:00 PM

I don't think there's any safe investment for growing bitcoin. Investing always comes with risk. But if I were asked, I'll just lend it to people I trust with interest to grow my coins. That's more safe than investing imo.

But fortunately it exists...
Do you believe realy that after over 20 years on the net i start to scam people for few satoshi?

Quote

Yes, investing is risky. You have to do your work, do your math. Do you weight in the possibility or losing your investment? Is the interest rate worth the risk? How many days it takes to get the investment back? etc.

Everything is risky...if you cross the road it is risky
It is risky to live because any time you can die...

You can do your math so right you want...if you fall on a scammer you lost all.

maokoto

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Yes, investing is risky. You have to do your work, do your math. Do you weight in the possibility or losing your investment? Is the interest rate worth the risk? How many days it takes to get the investment back? etc.

prodigy8

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Quote from: confirmation120 on September 05, 2015, 12:18:00 PM

I don't think there's any safe investment for growing bitcoin. Investing always comes with risk. But if I were asked, I'll just lend it to people I trust with interest to grow my coins. That's more safe than investing imo.

Even lending money to people has become dangerous nowadays you can check the subforum and so many defaulted mostly when they give their account as collateral.

confirmation120

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I don't think there's any safe investment for growing bitcoin. Investing always comes with risk. But if I were asked, I'll just lend it to people I trust with interest to grow my coins. That's more safe than investing imo.

maokoto

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The only thing attractive about gambling is the promise to earn very fast. The odds and math is always against the gambler, and you fall in mind traps kind of "if I have an strategy I will reduce risks and end up winning" then you earn slower, but finish losing if you continue gambling long term.

lorylore

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Quote from: Falconer on September 04, 2015, 09:18:12 AM

Quote from: lorylore on September 03, 2015, 11:36:00 AM

Quote from: Falconer on September 03, 2015, 10:12:21 AM

Well I think you dont get the point what I am saying to you

Me, get into gambling because of fun, not for to get rich, which actually there are many ways to get rich beside gambling. I could recommend my family member get into gambling, but whats the purpose for them to do that? And gambling in sport matches doesnt mean I cant enjoy the whole match, it just make me be more enthusiast. I will never feel regret if I lost in a great matches Wink

I completely understand you, i was in your situation few years before.
But i quickly decided to not play anymore these kind of games(gambling)

Seems you have faced many problems by gambling in your past. Well I dont think to get out from gambling since it never ruin my life, but your decision to stop gambling is a great choice. You have chosen best option in your life Wink

Good luck

It was a problem itself inside, you think that it doesnt ruin your life
But in fact it does, but slowly and gradually since you understand that.
If you think that I made a good choice then think also for yourself i think you need too Wink

hardtime

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Make winning bets on sports with Sportsbet.io!

i will just hold my btc and wait for the price to increase. there are more ways to grow your btc but they are too risky for me(e.g. gambling, investing, etc.)

Falconer

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Quote from: lorylore on September 03, 2015, 11:36:00 AM

Quote from: Falconer on September 03, 2015, 10:12:21 AM

Well I think you dont get the point what I am saying to you

Me, get into gambling because of fun, not for to get rich, which actually there are many ways to get rich beside gambling. I could recommend my family member get into gambling, but whats the purpose for them to do that? And gambling in sport matches doesnt mean I cant enjoy the whole match, it just make me be more enthusiast. I will never feel regret if I lost in a great matches Wink

I completely understand you, i was in your situation few years before.
But i quickly decided to not play anymore these kind of games(gambling)

Seems you have faced many problems by gambling in your past. Well I dont think to get out from gambling since it never ruin my life, but your decision to stop gambling is a great choice. You have chosen best option in your life Wink

Good luck

RGBKey

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Quote from: lorylore on September 03, 2015, 01:25:50 PM

Quote from: maokoto on September 03, 2015, 01:23:18 PM

Quote from: nydiacaskey01 on September 03, 2015, 11:31:33 AM

others think fauceting is not a good idea because at the end of the day, all you get is just a few satoshis but if you will try to get referrals, that's where you get get more satoshis in 1 day.

And which one is a good method to get referrals? A faucet rotator? banner campaigns?

If you want to get lots of referrals then there are many ways to get.
First one which i prefer is to share less than a half of the referrals bonus with your referrals
Secondly to advertise in faucets with banner campaigns, another way is writing a review(blog post) for the faucet etc...

Yeah, you can get a lot of people to willingly sign up for your referrals if you share a percentage of the bonus received with them.

lorylore

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Quote from: maokoto on September 03, 2015, 01:23:18 PM

Quote from: nydiacaskey01 on September 03, 2015, 11:31:33 AM

others think fauceting is not a good idea because at the end of the day, all you get is just a few satoshis but if you will try to get referrals, that's where you get get more satoshis in 1 day.

And which one is a good method to get referrals? A faucet rotator? banner campaigns?

If you want to get lots of referrals then there are many ways to get.
First one which i prefer is to share less than a half of the referrals bonus with your referrals
Secondly to advertise in faucets with banner campaigns, another way is writing a review(blog post) for the faucet etc...

RGBKey

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rgbkey.github.io/pgp.txt

Quote from: maokoto on September 03, 2015, 01:23:18 PM

Quote from: nydiacaskey01 on September 03, 2015, 11:31:33 AM

others think fauceting is not a good idea because at the end of the day, all you get is just a few satoshis but if you will try to get referrals, that's where you get get more satoshis in 1 day.

And which one is a good method to get referrals? A faucet rotator? banner campaigns?

Referrals are pretty awful, people whore themselves out for them. If you don't want people to hate you, only use them with your friends when you have a mutual interest, or on your website.

maokoto

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Quote from: nydiacaskey01 on September 03, 2015, 11:31:33 AM

others think fauceting is not a good idea because at the end of the day, all you get is just a few satoshis but if you will try to get referrals, that's where you get get more satoshis in 1 day.

And which one is a good method to get referrals? A faucet rotator? banner campaigns?

WyatteLikesCrypto

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Long Live CLAM

Quote from: Hugroll on September 03, 2015, 12:52:50 PM

try loaning your funds or exchanging for fiat when the price is high and vice versa.

You would exchange when the price is low... So you get more and when the price rises you make money..... Huh

I mean loaning... Really.. You're asking to lose money

Topic: Methods of growing your Bitcoin? - page 179. (Read 453532 times)