Topic: Strategies to increase Bitcoin holdings using only Bitcoin - page 2. (Read 2433 times)
I have picked some up mining and day trading on cex.io
my favourite strategy is to create services that accept bitcoin. They are both profitable and make bitcoin market bigger, also by increasing people knowledge about bitcoin.
speculation and lending are both risky and useless for everybody else than you and don't add anything for bitcoin community.
speculation and lending are both risky and useless for everybody else than you and don't add anything for bitcoin community.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
Other than buying with fiat, are there any strategies to increase BTC holdings? What kind of trading would be involved?
You could also sell things for bitcoins. Sell old stuff on BitMit. Or buy raw materials using bitcoin and then sell finished products for more bitcoin.
Other than buying with fiat, are there any strategies to increase BTC holdings?
Start a Bitcoin paid service.
hero member
Activity: 756
Merit: 500
It's all fun and games until somebody loses an eye
This may be a dumb question... but still I wonder:
Other than buying with fiat, are there any strategies to increase BTC holdings? What kind of trading would be involved?
Thanks!
Other than buying with fiat, are there any strategies to increase BTC holdings? What kind of trading would be involved?
Thanks!
If you have some bitcoins you can invest in bitcoin stocks. By buying low/selling high and collecting dividends, you can gain more bitcoins just like investors in traditional stocks gain more dollars by investing dollars. For more information check out mpex.co and havelockinvestments.com
This may be a dumb question... but still I wonder:
Other than buying with fiat, are there any strategies to increase BTC holdings? What kind of trading would be involved?
Thanks!
Other than buying with fiat, are there any strategies to increase BTC holdings? What kind of trading would be involved?
Thanks!
Buy low sell high then buy low again.
You would need to do margin trading -- that is:
-borrow USD based on your BTC holdings
-use that borrowed money to buy BTC
-if/when the price goes up, close the margin position by selling the coins purchased with borrowed money.
-use the USD profits to buy some new coins to expand your holdings
-that new enlarged position is the basis for further USD loans.
You pay a daily interest charge on the borrowed money (that charge is called 'swap'). If the coins go up by a bigger average daily percentage than the money you borrow (plus exchange fees in and out of the position), then you make money. If not, you loose money. This is leveraged trading so you have to be careful, you can loose a lot if you are not careful/lucky.
This type of trading can be done on bitfinex.
-borrow USD based on your BTC holdings
-use that borrowed money to buy BTC
-if/when the price goes up, close the margin position by selling the coins purchased with borrowed money.
-use the USD profits to buy some new coins to expand your holdings
-that new enlarged position is the basis for further USD loans.
You pay a daily interest charge on the borrowed money (that charge is called 'swap'). If the coins go up by a bigger average daily percentage than the money you borrow (plus exchange fees in and out of the position), then you make money. If not, you loose money. This is leveraged trading so you have to be careful, you can loose a lot if you are not careful/lucky.
This type of trading can be done on bitfinex.
This may be a dumb question... but still I wonder:
Other than buying with fiat, are there any strategies to increase BTC holdings? What kind of trading would be involved?
Thanks!
Other than buying with fiat, are there any strategies to increase BTC holdings? What kind of trading would be involved?
Thanks!
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