Tips on how to get into the Bitcoin business? - page 2.

BartS

sr. member

Activity: 980

Merit: 255

Quote from: aVeryPissedGnome on January 21, 2017, 05:44:57 PM

I know maybe a little bit about bitcoin right now, I haven't bought any yet. All I've done is play some stupid gambling games like pocketdice ( fuck that ).
Now after researching, I decided that I wanted to get serious about bitcoin... I know I should just Google it, but I wanna know more from the people here who are pros at this business... As a newbie, how should I start it? Should I buy BTC and just hold it? Is there any trustful and safe ways to profit it? Is investing in cloudmining like Genesis a good thing? ( probably not ).
Any tips on how to start will be great. Thanks Roll Eyes

Google is our friend, but you need to avoid all cloud mining businesses since they are all scams, it is that simple and there are not many safe ways to profit, probably the only one that is safe is by participating in signature campaigns.

DoublerHunter

hero member

Activity: 2590

Merit: 644

Quote from: aVeryPissedGnome on January 21, 2017, 05:44:57 PM

I know maybe a little bit about bitcoin right now, I haven't bought any yet. All I've done is play some stupid gambling games like pocketdice ( fuck that ).
Now after researching, I decided that I wanted to get serious about bitcoin... I know I should just Google it, but I wanna know more from the people here who are pros at this business... As a newbie, how should I start it? Should I buy BTC and just hold it? Is there any trustful and safe ways to profit it? Is investing in cloudmining like Genesis a good thing? ( probably not ).
Any tips on how to start will be great. Thanks Roll Eyes

To get into the bitcoin business you should have bitcoin first so you can start doing any kind of business that is available online. If you want to avoid getting a lot of money loss then stay away in the gambling sites unless you are doing an investment with their bank roll which is good. You can also do trading where you just use your bitcoin as a capital and do buy low sell high principle and you could easily make profit with that but be very careful in trusting coins because there is a lot coins out there that are scam.

Dimelord

hero member

Activity: 490

Merit: 500

Quote from: aVeryPissedGnome on January 21, 2017, 05:44:57 PM

I know maybe a little bit about bitcoin right now, I haven't bought any yet. All I've done is play some stupid gambling games like pocketdice ( fuck that ).
Now after researching, I decided that I wanted to get serious about bitcoin... I know I should just Google it, but I wanna know more from the people here who are pros at this business... As a newbie, how should I start it? Should I buy BTC and just hold it? Is there any trustful and safe ways to profit it? Is investing in cloudmining like Genesis a good thing? ( probably not ).
Any tips on how to start will be great. Thanks Roll Eyes

Just avoid gambling.
Avoid investing in cloud mining farm,even Genesis.You would have to wait atleast for six months to recover your invested money.
Better buy at least 0.1 btc from localbitcoins and start trading by investing in a good altcoin.But remember,altcoin market is highly volatile.
If you want to just buy and hold yur bitcoins,then you could buy 1 BTC and just hold as bitcoin price is rapidly increasing today.

SvenBomvolen

hero member

Activity: 588

Merit: 500

Bitcoin's price is high today and I would not recommend you to buy it, only in the case if 1000$ per 1 BTC is not so big money to you, maybe in your country it is exactly like that. The idea of making money through some campaign seems me the most unrisky. You will grow here together with the price of bitcoin. But for that case you have to have a lot of tention, cause in the most beginning your earnings will be almost nothing and to start to make some really good mney you will have to reach the rank of hero member as minimum. I wish you lot of luck in any kind of decidion that you will make

drwtsn32

sr. member

Activity: 476

Merit: 250

It is like you were at the sea. You have two choices.
Stay by the shore and watch as your money slowly grows, you may enjoy watching it but it will become so boring.
Or go surf in the sea as you play with the tides, more benefits but also more dangerous.

densuj

legendary

Activity: 910

Merit: 1000

Quote from: aVeryPissedGnome on January 21, 2017, 05:44:57 PM

I know maybe a little bit about bitcoin right now, I haven't bought any yet. All I've done is play some stupid gambling games like pocketdice ( fuck that ).
Now after researching, I decided that I wanted to get serious about bitcoin... I know I should just Google it, but I wanna know more from the people here who are pros at this business... As a newbie, how should I start it? Should I buy BTC and just hold it? Is there any trustful and safe ways to profit it? Is investing in cloudmining like Genesis a good thing? ( probably not ).
Any tips on how to start will be great. Thanks Roll Eyes

Well i think you can try trading bitcoins to fiat money, it is more low risk than trading altcoins, if you are wrong prediction you can hold the bitcoins, unfortunately you must use much capital for trading bitcoin to fiat, i hope it is not problem for you, but if you want use low capital you can try trading altcoins of course with more high risk for losing money.

xuan87

legendary

Activity: 1666

Merit: 1001

Holding bitcoin itself is already a good business to start, but to really earn I will suggest you to learn trading, trading earning is unlimited, and don't invest in cloud mining, cloud mining is scammed,eventhough sometimes it sound so good but in reality the owner will run away with your money, and of course you need to stay away from gambling, or if you want to gambling for fun, spare some money for it, don't used all of your money to gamble

mikehersh2

sr. member

Activity: 462

Merit: 273

I was the same way when I first started, and quite frankly, I haven't changed much. I'm still looking to get "serious" with bitcoin. However, my goal is to invest no money out of pocket and earn everything myself. To

start, just learn your way around the forums. Ask questions and learn. From there I would join a signature campaign, this way you can earn a little bitcoin on your own without investing. After you have some bitcoin

that you are willing to spare, study trading. Learn the patterns and mess around with different strategies and websites. Eventually, you will be able to trade and grow your bitcoin wallet. From there you can choose what

to do with your earnings. Gamble, get into mining, investing. Good luck Cheesy

shield132

hero member

Activity: 2352

Merit: 905

Quote from: aVeryPissedGnome on January 21, 2017, 05:44:57 PM

I know maybe a little bit about bitcoin right now, I haven't bought any yet. All I've done is play some stupid gambling games like pocketdice ( fuck that ).
Now after researching, I decided that I wanted to get serious about bitcoin... I know I should just Google it, but I wanna know more from the people here who are pros at this business... As a newbie, how should I start it? Should I buy BTC and just hold it? Is there any trustful and safe ways to profit it? Is investing in cloudmining like Genesis a good thing? ( probably not ).
Any tips on how to start will be great. Thanks Roll Eyes

I suggest you to learn trading, yes it smally depends on luck but if you will have good skills in trading, will be good in analyze of statistics or etc than try trading, also read many books about trading strategies, good trader is good reader.
If you want, you can buy and hold bitcoins but to my mind now it's not good time for that.
If you are looking for legit cloudmining, you can try hashnest but I don't suggest you because ROI is very small and it don't worths, it's waste of time. Better to get profit yourself with your skills.

novemberwoah

hero member

Activity: 896

Merit: 500

Buy and hold bitcoin I think it is a good start for newbie to know bitcoin, you can take advantage of fluctuations to make a profit. If I think that's an investment not suitable for newbie, because it is very difficult to invest in bitcoin for newbie. But if you want to try for the investment was not a problem, but should be careful. Maybe if I would give better suggestions to try trading. I think newbie can try most importantly better with small amounts and continue to learn. If you diligently do definitely will be succeed.

avatar_kiyoshi

legendary

Activity: 1106

Merit: 1000

Quote from: aVeryPissedGnome on January 21, 2017, 05:57:01 PM

Quote from: dothebeats on January 21, 2017, 05:52:53 PM

Well you get the idea, never gamble unless you know what you're doing and stay away from shady "cloud mining" sites that will get your money within a single poof. Buy bitcoins if you have the spare money to do so, keep it on a safe wallet, do that every time you have money and just literally forget about it. I assure you, you'll do fine. But if you really want to get "serious" on this, understand the basic of trading, apply it to bitcoin by putting in some small amounts and then start from there.

Thanks! If I wanted to first invest a small amount at Cloudmining, could you suggest me one?
And about buying bitcoin, I just buy it and hold it? Simple as that?
"Trading" still a very hard term for me, perhaps that is something for when I become more clever about it... Anyway, thanks!

No, big NO to cloudmining, unless you build your own mining farm(it's need a lot capital, coolest room and free electric bills, but worth if you have one and for your own profit).

Trading is the best way to earn profit, of course you need to learn first to be an expert, but someday people in this world(even poorest people) will aware trading is dignified profession.

YuginKadoya

legendary

Activity: 3038

Merit: 1169

Gambling when you are starting with bitcoin is a no no the risk in gambling is very high and you can not enjoy your bitcoin if you gamble early for newbies faucet would be a safe start in accumulating small amount not the fastest but the safest way and for starters you can surely buy bitcoin if the value is low save as much as you can but I recommend to do it slowly and surely and for me I have both bitcoin and a stable job for further income in hand.

Karpeles

legendary

Activity: 1162

Merit: 1000

Learn and hodl first. Get knowledge and experience, until you can answer the question for yourself and maybe answer to others too.

Most of people are inexperienced and give bad or too basic advice, and some may tell things they know that aren't true because they have some agenda

agustina2

legendary

Activity: 2436

Merit: 1008

Quote from: aVeryPissedGnome on January 21, 2017, 05:44:57 PM

As a newbie, how should I start it? Should I buy BTC and just hold it? Is there any trustful and safe ways to profit it? Is investing in cloudmining like Genesis a good thing? ( probably not ).
Any tips on how to start will be great. Thanks Roll Eyes

For a goal of long term profits then a simply doing of holding bitcoin is a nice start.

For continous profits while the price fluctuates, then trading is the appropriate method. Safe ways to profit depends on the future of bitcoin as no doubt that bitcoin can lived forever although it's reasonable to think of it now. Also it will depend on your actions if ever there will be a price increase or decrease movement.

What you must do is to give time to learn how bitcoin trading works starting from basics and slowly upgrade it to another level of learnings. This will be a long road but I assured it will definitely worth your time.

BillyBobZorton

legendary

Activity: 1204

Merit: 1028

There is no easy way to get involved. If you want to be someone worth listen to in the game, your best bet is to learn how to code and come up with some remarkable BIP for bitcoin, that's what gives you the highest street creed: improving bitcoin.

If you are not that smart, you can always start a business related to bitcoin, maybe a casino, or some sort of news website, or get in the mining game somehow. There are no other ways that I can think off.

dhampir-D

sr. member

Activity: 454

Merit: 250

Quote from: BALIK on January 23, 2017, 08:58:41 AM

Quote from: aVeryPissedGnome on January 21, 2017, 05:44:57 PM

I know maybe a little bit about bitcoin right now, I haven't bought any yet. All I've done is play some stupid gambling games like pocketdice ( fuck that ).
Now after researching, I decided that I wanted to get serious about bitcoin... I know I should just Google it, but I wanna know more from the people here who are pros at this business... As a newbie, how should I start it? Should I buy BTC and just hold it? Is there any trustful and safe ways to profit it? Is investing in cloudmining like Genesis a good thing? ( probably not ).
Any tips on how to start will be great. Thanks Roll Eyes

I suggest to you bro that stops playing gambling if you still keep losing you better to stop playing gambling and don't invest in any HYIP's and Cloud Mining sites there are all scam!, you can do trading but you must know what are you doing better to learn first before you do trading there's a lot of tutorial out there you can search it on google or here.

There are different ways to make money in crypto, and even earn a living from it, but surely gambling is not the best possibility for such a purpose. I do not see problems if the individual sees this as a form of fun and invests only what he/she can afford to lose. However, when one goes beyond limits, this can cost money.

ChrisPop

legendary

Activity: 2310

Merit: 1035

Not your Keys, Not your Bitcoins

If you wanna get involved in bitcoin "business" as you name it you should at start purchase some bitcoins with USD,EURO or whatever fiat currency you have then start documenting yourself about bitcoin. Read threads on the forum,search articles on the internet,watch daily news about bitcoin and cryptos on coindesk,cointelegraph and other big news sites. I don't recommend getting involved in cloud mining as many of them are scams.

If you want you could search for a quality altcoin ICO or a bitcoin project where to invest your btc in,but be careful with this and do your own dilligence. Also you can start trading,but first you need to study the markets and trading techniques. Wink

Reid

hero member

Activity: 2912

Merit: 642

First thing is congratulations for taking another step. You spent a lot of time in gambling and now you want to win back those you have lost right?
It is not really business that I am looking into but more on investing. It is not as risky as gambling but if you already knew much about the gambling sites then this might help you. You know the legitimate gambling sites? Then just invest in them. Put your money on hold in their possession and you might end up getting richer.

BALIK

copper member

Activity: 2156

Merit: 604

🍓 BALIK Never DM First

Quote from: aVeryPissedGnome on January 21, 2017, 05:44:57 PM

I know maybe a little bit about bitcoin right now, I haven't bought any yet. All I've done is play some stupid gambling games like pocketdice ( fuck that ).
Now after researching, I decided that I wanted to get serious about bitcoin... I know I should just Google it, but I wanna know more from the people here who are pros at this business... As a newbie, how should I start it? Should I buy BTC and just hold it? Is there any trustful and safe ways to profit it? Is investing in cloudmining like Genesis a good thing? ( probably not ).
Any tips on how to start will be great. Thanks Roll Eyes

I suggest to you bro that stops playing gambling if you still keep losing you better to stop playing gambling and don't invest in any HYIP's and Cloud Mining sites there are all scam!, you can do trading but you must know what are you doing better to learn first before you do trading there's a lot of tutorial out there you can search it on google or here.

saqibmunir

full member

Activity: 267

Merit: 110

if your really want to invest in bitcoin or get into it my suggestion for you is that first you have to know about basic rules of bitcoin investment ..... google it and first learn the rules....... buy bitcoin and keep it same in your wallet and sell it on the right time...... listen start it with the new investment because you are just a newbay and you don't really know about that..........

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