question: how can i grow my bitcoins - page 2.

Johanna

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Quote from: chris56a on July 20, 2014, 05:14:01 PM

I want to grow my bitcoins not by dollar value but amount I have, i've gambled a lot then sold my bitcoins at a higher dollar value but that doesn't work after awhile I used btcjam but I'm not really trusting of the people on there is there another trusted site other then btcjam.com

Don't gamble and don't invest your bitcoin is the best way.

superresistant

legendary

Activity: 2156

Merit: 1131

Never gamble.
Never invest in mining or cloud mining.
Never invest in any IPO.

Don't put too much money on online exchanges.

Buy XMR and NXT when their average price is low and HODL. In about one year you'll be rich.

freedomno1

legendary

Activity: 1834

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Learning the troll avoidance button :)

It's pretty hard to grow them when Just-Dice was around it was fairly safe to get a return on Bitcoins from gamblers
Till Nakowa comes along Grin

Now I would say taking bets with small amounts and making predictions on outcomes seems easier than trading or gambling directly since the bitcoin stock market is annoying if you have some skill trading on exchanges with altcoins that also works, but stuff like guessing the DJIA or making your own bets if you can think of interesting ones seems to be the most stable.

___________

Dow Jones Industrial Average July 2014

Options: 16500 and lower | 16501-16751 | 16752-17002 | 17003-17253 | 17254 +

blumangroup

sr. member

Activity: 350

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'Slow and steady wins the race'

Quote from: Gargulan on July 22, 2014, 11:05:01 AM

Quote from: polynesia on July 21, 2014, 12:34:44 PM

Quote from: gentlemand on July 21, 2014, 11:06:23 AM

At this stage of the game I don't think there's any option without unacceptable levels of risk. Be happy with what you have and look into it again a few years down the line.

Agreed. Wait till a bitcoin bank (with insured deposits) opens.
At the rate at which bitcoin is progressing, it won't be long.

Having a bitcoin bank kind of defeat the purpose of peer to peer currency.

I would disagree as banks provide services to it's customer, such as keeping customer funds safe from theft.

Yakamoto

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Quote from: Gargulan on July 22, 2014, 11:05:01 AM

Quote from: polynesia on July 21, 2014, 12:34:44 PM

Quote from: gentlemand on July 21, 2014, 11:06:23 AM

At this stage of the game I don't think there's any option without unacceptable levels of risk. Be happy with what you have and look into it again a few years down the line.

Agreed. Wait till a bitcoin bank (with insured deposits) opens.
At the rate at which bitcoin is progressing, it won't be long.

Having a bitcoin bank kind of defeat the purpose of peer to peer currency.

Not necessarily.

All it has to do is offer loans, pay interest, and be a safe-keeping for those who think that they don't have the security in order to hold larger amount of Bitcoin, or any at all. It could also be a good way to make money of loans, if it offers an insured program, so that you could make money off of loaning your coins out, with minimal risk.

People could still keep the P2P aspect, it's just banks could help the population adopt it, and then the masses can move their focus away from the bank and to their own wallets, etc.

Gargulan

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Quote from: polynesia on July 21, 2014, 12:34:44 PM

Quote from: gentlemand on July 21, 2014, 11:06:23 AM

At this stage of the game I don't think there's any option without unacceptable levels of risk. Be happy with what you have and look into it again a few years down the line.

Agreed. Wait till a bitcoin bank (with insured deposits) opens.
At the rate at which bitcoin is progressing, it won't be long.

Having a bitcoin bank kind of defeat the purpose of peer to peer currency.

bigwig456

newbie

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Merit: 0

I think we all want to grow our bitcoins. You just have to find your tolerance for risk since there's no profit without taking risks. Question is how much risk for how much profit?

InwardContour

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Merit: 260

Quote from: cowandtea on July 22, 2014, 06:36:40 AM

Quote from: chris56a on July 20, 2014, 05:14:01 PM

I want to grow my bitcoins not by dollar value but amount I have, i've gambled a lot then sold my bitcoins at a higher dollar value but that doesn't work after awhile I used btcjam but I'm not really trusting of the people on there is there another trusted site other then btcjam.com

If you are trying to use the bitcoin that you currently have to grow it, it is actually hard and the chances of losing it is higher. Advice you to use other method like faucets and referral.

With faucets you can only earn some btc dust, the gain is really low but with referrals is a bit more easy if you have a blog with some decent traffic.
If you want to risk a small part of your initial capital you could buy some promising altcoins or you can try with the most trusted ones.

cowandtea

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Quote from: chris56a on July 20, 2014, 05:14:01 PM

I want to grow my bitcoins not by dollar value but amount I have, i've gambled a lot then sold my bitcoins at a higher dollar value but that doesn't work after awhile I used btcjam but I'm not really trusting of the people on there is there another trusted site other then btcjam.com

If you are trying to use the bitcoin that you currently have to grow it, it is actually hard and the chances of losing it is higher. Advice you to use other method like faucets and referral.

Ayers

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DGbet.fun - Crypto Sportsbook

try freebtcio, maybe you win the big price

bitbaby

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Quote from: Divinespark on July 21, 2014, 05:49:55 AM

Saving fiat and buying BTc regularly seems a more promising long term strategy

This is absolutely the best advice, don't lend without collateral, don't invest in ponzi schemes, don't do anything, unless you're absolutely sure of your returns. And buying and hodling is the best thing you can do right now.

FattyMcButterpants

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nothing is risk-free -- lending, for instance. you could also lend for margin traders on Bitfinex, but interest pay is pretty low. you could try your hand at altcoin speculation.

glendall

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Buzz App - Spin wheel, farm rewards

I'd just buy them and hang on to them to be honest.

Speaking from experience, I made about 200% investing and trading in cryptocoins, and lost about 300% and the end of the day, investing and trading in cryptocoins, and being scammed, by theives such as Ukyo Jon Montroll, or super late companies selling pre-order asics, like Avalon.

I would not loan BTC, that seems like far too risky. Really I'd just recommend buying BTC and holding. Mining is not really even profitable anymore IMHO.

coinits

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011110000110110101110010

be a lender at btcjam.com but be careful of scammers

Harley997

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Quote from: Yakamoto on July 21, 2014, 12:51:33 PM

Quote from: polynesia on July 21, 2014, 12:34:44 PM

Quote from: gentlemand on July 21, 2014, 11:06:23 AM

At this stage of the game I don't think there's any option without unacceptable levels of risk. Be happy with what you have and look into it again a few years down the line.

Agreed. Wait till a bitcoin bank (with insured deposits) opens.
At the rate at which bitcoin is progressing, it won't be long.

It wouldn't be a bad idea for a Bitcoin bank, unless it acts LIKE A BANK and NOT a central bank. I won't support any bank that even tries to do that. I also don't want any bank that will fractionally lend, otherwise stuff could go wrong for it pretty quickly. Now, if they do it right however, it would be genius...

It depends. I wouldn't mind there being a bank, but it depends what they do. I don't want the current economic fiasco going on in Bitcoin too.

The problem with bitcoin related banks lending bitcoins to people is that it is very difficult/impossible to seize a person's bitcoins in the event that the bank receives a judgement on a defaulted loan. With fiat banks, the bank can use the courts to seize a deadbeat debtor's assets, but this would not be possible with bitcoin.

I would say that best bet would be a bankroll for a casino.

bitbinn

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Quote from: Yakamoto on July 21, 2014, 12:51:33 PM

Quote from: polynesia on July 21, 2014, 12:34:44 PM

Quote from: gentlemand on July 21, 2014, 11:06:23 AM

At this stage of the game I don't think there's any option without unacceptable levels of risk. Be happy with what you have and look into it again a few years down the line.

Agreed. Wait till a bitcoin bank (with insured deposits) opens.
At the rate at which bitcoin is progressing, it won't be long.

It wouldn't be a bad idea for a Bitcoin bank, unless it acts LIKE A BANK and NOT a central bank. I won't support any bank that even tries to do that. I also don't want any bank that will fractionally lend, otherwise stuff could go wrong for it pretty quickly. Now, if they do it right however, it would be genius...

It depends. I wouldn't mind there being a bank, but it depends what they do. I don't want the current economic fiasco going on in Bitcoin too.

completely agree it should be different from the banks of today

Yakamoto

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Activity: 1218

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Quote from: polynesia on July 21, 2014, 12:34:44 PM

Quote from: gentlemand on July 21, 2014, 11:06:23 AM

At this stage of the game I don't think there's any option without unacceptable levels of risk. Be happy with what you have and look into it again a few years down the line.

Agreed. Wait till a bitcoin bank (with insured deposits) opens.
At the rate at which bitcoin is progressing, it won't be long.

It wouldn't be a bad idea for a Bitcoin bank, unless it acts LIKE A BANK and NOT a central bank. I won't support any bank that even tries to do that. I also don't want any bank that will fractionally lend, otherwise stuff could go wrong for it pretty quickly. Now, if they do it right however, it would be genius...

It depends. I wouldn't mind there being a bank, but it depends what they do. I don't want the current economic fiasco going on in Bitcoin too.

polynesia

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Quote from: gentlemand on July 21, 2014, 11:06:23 AM

At this stage of the game I don't think there's any option without unacceptable levels of risk. Be happy with what you have and look into it again a few years down the line.

Agreed. Wait till a bitcoin bank (with insured deposits) opens.
At the rate at which bitcoin is progressing, it won't be long.

Ron~Popeil

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Activity: 406

Merit: 250

Quote from: gentlemand on July 21, 2014, 11:06:23 AM

At this stage of the game I don't think there's any option without unacceptable levels of risk. Be happy with what you have and look into it again a few years down the line.

Agreed. Dooglus was the reason JD was such a good investment for many people. Stunna could do a similar thing with PrimeDice but has said he has no interest in doing something like that. Until someone with that much trust opens a site up I would avoid casino investing.

gentlemand

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Welt Am Draht

At this stage of the game I don't think there's any option without unacceptable levels of risk. Be happy with what you have and look into it again a few years down the line.

Topic: question: how can i grow my bitcoins - page 2. (Read 3421 times)