Methods of growing your Bitcoin? - page 250.

Nerazzura

sr. member

Activity: 378

Merit: 250

Quote from: Rent_a_Ray on March 05, 2015, 07:12:08 AM

Create your own exchange, wait untill the amount of BTC and Users are high enough (one year is a rough-and-ready rule).
Then send the BTC to another address and make the following announcement:
"We got hacked. 3900 BTC were stolen from our wallets."

It's easy … isn't it?

After reading this, I'm begin to have bad thoughts on exchange sites.
I think they actually hacked. however, who would not be tempted if you already have a lot of BTC in their hands and looking for an excuse. should be careful from now Cheesy

pedrog

legendary

Activity: 2786

Merit: 1031

Scamming people out of their bitcoins seems pretty popular. Cheesy

goregrind

full member

Activity: 149

Merit: 100

The best/safest way I found so far is being a liquidity provider on bitfinex, but you can't
eliminate 3rd party risk. If bitfinex goes under all your bitcoins are lost.

The only risk free method I know as of now is running a darkcoin masternode and I think bitshares/bitusd has
something like 3% yearly returns, but this are not strictly bitcoin related and you still have exchange risks.
One option which will work like darkcoin's masternode is joinmarket
but its still in the works and it might take a while till it goes live.

Generally speaking return on investment is dependant on the risk you're willing to take. So if you're going for low risk methods then the returns
will be as low. But if your bitcoins are just sitting there and you can find a zero risk method then any increase is good.

The best method of getting more bitcoins is just buying more. Find ways to make fiat money, which should be easier, and buy bitcoin.

OpenOcean

member

Activity: 112

Merit: 10

Right now a friend and I are working on a way to do this. In one month and a half, we should have our site up and running.

This is the reason I am trying to get my activity level up on the site right now, as we want to advertise with a reputation that facilitates the trusts of our customers.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: GermanGiant on March 05, 2015, 09:31:17 AM

Quote from: NeuroticFish on March 05, 2015, 07:04:25 AM

Quote from: GermanGiant on March 05, 2015, 06:57:07 AM

Quote from: NeuroticFish on March 05, 2015, 06:50:23 AM

100.16% ? Is that per day?

That means that if you invest 1 BTC, after each day you'll get (pure profit) 0.0016 BTC.
A Full member gets more than that from sig campaign for 2 posts....

Did I miss something?

It means 100.16% of the investment in 114 days. Anything after that is pure profit...

Sig campaigns are not investment. That is work. U sell your time to advertise for others and hence u earn.

Ahhh, I understand now the numbers. Thanks.
So it took 114 days (1/3 of a year!!) to get back the 0.01BTC (10 posts "work").

Instead of such profit, I prefer "work", really: 0 investment, 0 risk, pretty good chance to cash in more than that in (much) less than a week.
I don't want to be mean, I just want to show that (imho!) it's not worth the investment right now.

Maybe some day, when BTC will go (back) to 600-100$, then the equation will change. Equipment and power consumption are paid in $ and then the numbers (in BTC) will look much-much better.

Your understanding capability has bewildered me !!! It is an investment return ratio. If you invest 0.01 BTC, you'll get that back. If you invest 10 BTC, you'll get that back as well. But, in the second scenario u'll make more profit after 1/3 of a year, which is not the case for your 'signature campaign work'.

Yeah, I needed a coffee. Apologies, you are right.
Still not a safe investment, though much better than my initial broken math Cheesy

I edited that post, keeping the old text too, for fairness.

Rude Boy

hero member

Activity: 770

Merit: 500

Quote from: mlferro on March 05, 2015, 09:43:34 AM

Quote from: Rude Boy on March 05, 2015, 09:36:49 AM

i'm investing my bitcoins @ some ponzi websites... And some scam sites which pays some percentage of interest on my bitcoins... Before they're going to scam. But i never gambled at all...
I am doing at my own risk

no doubt I have no courage to do this.

Yup! I know no one will courage to do this..
Not only you.. Wink

but i'm investing right money at the right time... So i'll get more and more bits Wink

shogdite

hero member

Activity: 798

Merit: 1000

LIR Dev. www.letitride.io

There are no safe investments with btc.

I'd argue the best way to 'grow' your bitcoin is to start your own business / service, but even then there's no guarantee it will suceed and make a profit. There's no easy way increase your wallet balance, scams like cloud-mining and dodgy dice sites are best avoided if you don't wont to get burned.

mlferro

sr. member

Activity: 252

Merit: 250

Quote from: Rude Boy on March 05, 2015, 09:36:49 AM

i'm investing my bitcoins @ some ponzi websites... And some scam sites which pays some percentage of interest on my bitcoins... Before they're going to scam. But i never gambled at all...
I am doing at my own risk

no doubt I have no courage to do this.

Bralex

sr. member

Activity: 308

Merit: 250

Quote from: Enzyme on March 05, 2015, 06:31:17 AM

Hi!

Only refer to safe investments!

Thanks

The thing is with that statement buddy it does not make much sense i am afraid, reason is because by nature investments have to involve a touch of risk at best because if there was no risk then there could be no reward.

The lowest risk investment would be to trade either a alt coin or bitcoin at least you are in control and there are many risks but you maintain control of your investment so that is all that matter.

Exther2

full member

Activity: 140

Merit: 100

Buy cheap, sell high.
Make a project, sell it.
Do some article writing, get paid.
Wear a signature for campaign, get paid.
Don't gamble, you'll loose all.

BitCoinNutJob

legendary

Activity: 1316

Merit: 1000

Quote from: Enzyme on March 05, 2015, 06:31:17 AM

Hi!

I recently created a thread asking for the best methods of gaining free Bitcoin.

Most popular results:

Signature Campaign (High Paying)
Faucets (Low Paying)
Trading (Variable)

Now, I'm asking a different question.
What are your best methods of growing Bitcoin.

Only refer to safe investments!

Thanks

Start a bitcoin business is a good way to grow your bitcoin. The community is very generous. Depends how many bitcoins you want i guess.

Rude Boy

hero member

Activity: 770

Merit: 500

i'm investing my bitcoins @ some ponzi websites... And some scam sites which pays some percentage of interest on my bitcoins... Before they're going to scam. But i never gambled at all...
I am doing at my own risk

GermanGiant

hero member

Activity: 784

Merit: 501

Quote from: NeuroticFish on March 05, 2015, 07:04:25 AM

Quote from: GermanGiant on March 05, 2015, 06:57:07 AM

Quote from: NeuroticFish on March 05, 2015, 06:50:23 AM

100.16% ? Is that per day?

That means that if you invest 1 BTC, after each day you'll get (pure profit) 0.0016 BTC.
A Full member gets more than that from sig campaign for 2 posts....

Did I miss something?

It means 100.16% of the investment in 114 days. Anything after that is pure profit...

Sig campaigns are not investment. That is work. U sell your time to advertise for others and hence u earn.

Ahhh, I understand now the numbers. Thanks.
So it took 114 days (1/3 of a year!!) to get back the 0.01BTC (10 posts "work").

Instead of such profit, I prefer "work", really: 0 investment, 0 risk, pretty good chance to cash in more than that in (much) less than a week.
I don't want to be mean, I just want to show that (imho!) it's not worth the investment right now.

Maybe some day, when BTC will go (back) to 600-100$, then the equation will change. Equipment and power consumption are paid in $ and then the numbers (in BTC) will look much-much better.

Your understanding capability has bewildered me !!! It is an investment return ratio. If you invest 0.01 BTC, you'll get that back. If you invest 10 BTC, you'll get that back as well. But, in the second scenario u'll make more profit after 1/3 of a year, which is not the case for your 'signature campaign work'.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: DeboraMeeks on March 05, 2015, 07:24:06 AM

Quote from: Rent_a_Ray on March 05, 2015, 07:12:08 AM

Create your own exchange, wait untill the amount of BTC and Users are high enough (one year is a rough-and-ready rule).
Then send the BTC to another address and make the following announcement:
"We got hacked. 3900 BTC were stolen from our wallets."

It's easy … isn't it?

Ain't any advice though to grow our BTC, but to steal someone's. Wink

@Enzyme,
Instead of growing, try to earn them by doing easy/hard tasks for it. The only genuine way is to earn them and not spending a lot, means growing according to me.

The most probable option for me. You need to do some work in order for you to gain btc. There are sites that pay you btc in exchange for your services and time. Microtasks and turks can help you gain btc. Oh and don't forget the signature campaigns. They also pay well to users who do excellent services for them. Wink

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: neoneros on March 05, 2015, 07:24:40 AM

Shifting coins between alt and btc on an exchange can give you nice results

Still has high risks though. Isn't dependable for a long period of time. You need to have a good sense on decision making on which coin to hold and dump. But yeah, it can help you grow your btc. Wink

neoneros

sr. member

Activity: 462

Merit: 250

I can draw your avatar!

Shifting coins between alt and btc on an exchange can give you nice results

DeboraMeeks

hero member

Activity: 588

Merit: 500

Quote from: Rent_a_Ray on March 05, 2015, 07:12:08 AM

Create your own exchange, wait untill the amount of BTC and Users are high enough (one year is a rough-and-ready rule).
Then send the BTC to another address and make the following announcement:
"We got hacked. 3900 BTC were stolen from our wallets."

It's easy … isn't it?

Ain't any advice though to grow our BTC, but to steal someone's. Wink

@Enzyme,
Instead of growing, try to earn them by doing easy/hard tasks for it. The only genuine way is to earn them and not spending a lot, means growing according to me.

NeuroticFish

legendary

Activity: 3668

Merit: 6382

Looking for campaign manager? Contact icopress!

Quote from: Rent_a_Ray on March 05, 2015, 07:12:08 AM

Create your own exchange, wait untill the amount of BTC and Users are high enough (one year is a rough-and-ready rule).
Then send the BTC to another address and make the following announcement:
"We got hacked. 3900 BTC were stolen from our wallets."

It's easy … isn't it?

Brilliant idea! Grin

Just it has a possible flaw: I've read that some exchange owners had troubles with the justice because they didn't register their business (as exchange?) and pay the taxes (?).
So it may not be a small investment after all.

But I can't argue, the profit is big and almost guaranteed. Grin

Q7

sr. member

Activity: 448

Merit: 250

I managed a number of websites and earn from the advertising. A portion of the money earned in fiat are invested back into bitcoin, if that fits into your definition of growing your bitcoin. Also have been thinking of making another separate website that focuses specifically on crypto and then placing ads networks that pays in bitcoin

Enzyme

sr. member

Activity: 420

Merit: 250

Quote from: Rent_a_Ray on March 05, 2015, 07:12:08 AM

Create your own exchange, wait untill the amount of BTC and Users are high enough (one year is a rough-and-ready rule).
Then send the BTC to another address and make the following announcement:
"We got hacked. 3900 BTC were stolen from our wallets."

Thanks for the advice. It'll surely be a "mistake" and horrible "server-malfunction" which enabled "North Korean" hackers to hack the exchange and steal all the BTC from the "cold wallet".
Wink

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