What area of bitcoin participation is easiest to work with? - page 2.

worldofcoins

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Quote from: Debonaire217 on September 11, 2020, 06:05:06 AM

It's a good start for our journey to begin with the forum, have some funds by providing services as we learn the basics of cryptocurrency. But I find it more profitable if we learn to trade our bitcoins. This will enable us to become patient and understanding whatever the situation of the market graph shows. It also increase our loyalty with bitcoin. So far, the easiest area of bitcoin to work with I can say is to learn how to apply our skills and talent for services, or to buy and sell goods in bitcoin. With this, we don't need to study anything but continue living our lives with bitcoin making transactions easier.

Mining is profitable but requires huge maintainance, cheap electricity and optimal devices.
Trading is profitbale for me but i'm looking for setting up mining rig on a farm house soon.

todiefor17

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Mining requires more knowledge than you might think. The first is funding to buy equipment and find a place to store it, then assemble and install it, then operate and solve technical problems.
Finally, the market, if the market is good to mine, you will either make a profit quickly or you will have to consider liquidating the machines.

jekainvestor

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Quote from: TIDOVEE on August 31, 2020, 03:06:35 PM

I have seen bounty hunter doing well, I have also seen people who do not participate in bounty and are making it well with trading alone, but I have never seen anyone around me being involved in mining, I learnt mining is more risky and cannot just be done alone, and if you even attempt it probably with your android, you may end up wasting your time and not even making it as the traders and hunters. It tend to take a massive effort to be successful in mining, you need good electricity,good mining wallet, computer with good capacity, and some other gadgets. Considering all this, which of all the participation do you see as least demanding and easiest?

Lots of interesting directions there are to work with but the question is what is your aim - to get rapid high income or to wait for some time and get good income after, or may be to wait for a long time and get something huge)) But mostly these activities for area of Bitcoin are connected with different bounties, may be trading, may be holding, may be developing and promoting some products and so on, but of course mining is not on the first place. May be at the very beginning it was a good chance, but nowadays it becomes harder and harder to get something fascinating for mining)))) and too many factors should be taking into consideration.

hulla

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Every area in cryptocurrency have it own challenges and risk involving cause crypto is not a quick to rich scheme and you shouldn't expect everything to be smooth sailing. What you ought to do find the area that's will be good and easy for you to understand. However, don't rely on people comment cause what someone believe to do hell of a job could handle easily for you, all you need to do is master the value part of the area you choose to participate in
With that said, it not all crypto mining that require electricity, spending time online and setting up mining rigs cause there are some crypto that require holding some certain amount of coins only to be a miner.

Debonaire217

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Activity: 644

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It's a good start for our journey to begin with the forum, have some funds by providing services as we learn the basics of cryptocurrency. But I find it more profitable if we learn to trade our bitcoins. This will enable us to become patient and understanding whatever the situation of the market graph shows. It also increase our loyalty with bitcoin. So far, the easiest area of bitcoin to work with I can say is to learn how to apply our skills and talent for services, or to buy and sell goods in bitcoin. With this, we don't need to study anything but continue living our lives with bitcoin making transactions easier.

milani

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Quote from: Erumo on August 31, 2020, 03:21:12 PM

What do you mean "if you even attempt it probably with your android" ? Mining on a mobile or tablet? It is waste of time and money. I doubt that this is even available to do.

Consider mining as a long term investment in hardware. It may take months or years till you see your first profit. Compared to usual investment in cryptocurrency or stocks, investing in mining hardware will never bring you profit quickly.

The last remark about terms and profit via mining is good. I would even like to add, that not only it needs a lot of time before you will break even, but sometimes it happens that investments into equipment and mining not only do not bring you invested sum back, but even become loss-making totally. Lots of people lost a lot on this. And what about mining via smartphone this is really a waste of time. I would add this is even a silly idea. Especially as for mining BTC via smartphone.

shoreno

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whats an area of bitcoin ? you mean to say field in bitcoin related jobs . how many times people did the mistake and call bitcoin directly as a form of job . everyone of us has thier stregnths and weakness when it comes to jobs . some like writing while others are not or they find it boring and not profitable so they engage on trading instead while there are people that have knowledge on trading so they stick on the low paying job , whats important is that we are comfortable on our job and we enjoy it . same applies to other form of jobs

solomine

newbie

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that's a definetely good question as for me being at this search lately, the search for making money on crypto without much pressure and i did find an option with structured crypto deposit it's easy to use , with moderate risk and a good possibility to add new tool to your portfolio

Shasha80

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Usually, Bitcoin participation that is easy to work on is bounty and trading. I don't recommend doing mining at this time,
because the costs incurred do not match with the results obtained. So from that, now I focus work on bounty and trading.
Although for the 2020, it is quite difficult to find good projects. But with the results of research and analysis that we do,
it should be easier to find a bounty worth working with. Meanwhile, for trading, you can choose coins with high popularity,
to make it safer.

budi691

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Activity: 1274

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bounty hunters are the choice of many people to get a lot of Bitcoin, by not requiring a lot of capital with just a laptop and internet network, everyone can do work to get Bitcoin, and when they get Bitcoin from the results of bounty hunters can become traders to be able to get more advantage.

CODE200

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Activity: 1484

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Quote from: cryptoaddictchie on August 31, 2020, 09:50:49 PM

I dont have much experience with mining but I think I prefer to do trading altcoins to earn bitcoin. Bounty hunting is also a fair share but if you want to maximize reward, trading is the best as long as you know the right entry and exit point.

The expenditure on trading is your money but if you will enter mining as far as I can see it you need to consider a lot of things like internet, electricity and equipments. Anyway my answered is trading for easy earning bitcoin.

Also mining is a more complex way in order to earn Bitcoin or simply, profit. It might also be the reason with what OP have mentioned such that his/her friends are not engaging to mining. I bet most of the new ones in this industry are into bitcoin investment because I think those who are doing trading, bounties, and mining are those who are more familiar or those who are here for years already.

Bounties I think, are the most profitable way BEFORE way back 2016 or 2017 if I'm not wrong. Not all people can afford investing money so they just worked for it through bounty projects. But things are different nowadays. Higher requirements to be met in order to particioate to most of the projects and profit is not as big as before. Trading and investing in my opinion is the most efficient way to generate profit nowadays.

josephinerosdy

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depending on the individual. The easiest, of course, is to take advantage of the skills you already have to get bitcoin.
mining bitcoin does require a capable device and of course requires a lot of funds and the experience of my friends who mine bitcoin and other coins, they also need time to return their capital.

Sadlife

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Have take a look at ETH 2.0 staking update, it will not cost high bill in electricity, and with a entry level Desktop PC you can earn ETH from validating transactions, its much more like a passive income. You just need 32 ETH to stake then setup a node, there a lots of guides regarding to this. Its up to you if you're interested.

The cure

jr. member

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Yes, i agree with what you said, for me if you don't have enough budget for trading and mining you will choose the safest and no money need to be out which is joining bounty project. But the problem there is you're not sure if the bounty will pay after the end of the campaign because sometimes it's hard to distinguish which one is good.

Warkop

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For me personally, maybe I prefer to participate with bounties or become a trader, but being a trader is not as easy as you think it all requires special skills to see the trading chart of how Altcoin will succeed in the future. So in essence I recommend that if you want an easy and non-demanding way you better join the bounty project and choose the project well.

Reatim

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Quote from: TIDOVEE on August 31, 2020, 03:06:35 PM

I have seen bounty hunter doing well, I have also seen people who do not participate in bounty and are making it well with trading alone, but I have never seen anyone around me being involved in mining, I learnt mining is more risky and cannot just be done alone, and if you even attempt it probably with your android, you may end up wasting your time and not even making it as the traders and hunters. It tend to take a massive effort to be successful in mining, you need good electricity,good mining wallet, computer with good capacity, and some other gadgets. Considering all this, which of all the participation do you see as least demanding and easiest?

First Bounty Hunting has nothing compare with trading and Mining because the first place this has no capital but purely time and gadget and internet.
While in Trading you are risking your money and this is not as simple as we think of because so much money has been spent and loss because of trading.
same as mining because Rigs are very expensive and people tend to spend more trying to mine but in the next months or years?quitting is what have to do.
Bounty hunting is very easy just choose your project to advertise and then if lucky?you will earn but if not then find another one,thats the circle of their life.

Yatsan

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Leading Crypto Sports Betting & Casino Platform

We have different areas of participation that includes Bitcoin that best suits depending on our preference and source of knowledge we know about that certain area. There are users who prefer trading and investment while other that do not certainly have budget to enter such areas prefer to get into bounty hunting or participating into airdrop events to earn some profit before engaging into trading and investment. Others might be interested in mining which certainly based on their preference. We all excel on different areas that concerns Bitcoin and you must find your own self on which area you are suitable with. It might be bias to tell our preference when you do certainly have yours. Maybe for me I find trading and investment easy and profitable but for you it is not. It is really duly depending on the user himself on which areas of Bitcoin he will engage and excel. But every areas can be learned it is just that we differ on certain things that concerns our preference.

Andronadar

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The topic is quite interesting, and there are very useful tips.

erikoy

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Quote from: ?? on ??

The money that you would use for mining would be better spent on buying Bitcoin and holding it as the cost of equipment and electricity isn't cheap. From what I hear mining has become harder because more people are mining and because of that less Bitcoins are found.

Investment or buying bitcoin is the easiest way to participate in cryptocurrency. Day trading too would be possible but bitcoin market is so hard to predict this is why I think it is difficult to earn in bitcoin with trading in it.

I cannot recommend bitcoin mining because there are already establish mining pool and as I read a thread abouy mining that having 1-2 GPU is not really worth it and rewarding in bitcoin mining because of these mining pools that could easily mine bitcoin due to the larger pools that could process whenever it is needed. Mining is not really recommended nowadays, Just focus on bitcoin imvestment and that is good to go.

mezzaluna

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Quote from: TIDOVEE on August 31, 2020, 03:06:35 PM

I have seen bounty hunter doing well, I have also seen people who do not participate in bounty and are making it well with trading alone, but I have never seen anyone around me being involved in mining, I learnt mining is more risky and cannot just be done alone, and if you even attempt it probably with your android, you may end up wasting your time and not even making it as the traders and hunters. It tend to take a massive effort to be successful in mining, you need good electricity,good mining wallet, computer with good capacity, and some other gadgets. Considering all this, which of all the participation do you see as least demanding and easiest?

One of the easiest way to earn Bitcoin is by joining campaigns that will give a weekly payout BUT that would seem hard since it might take a lot of time weekly. Joining Alternate Cryptocurrencies campaign would be better since you can always expect a sudden surge in value of Alternate Cryptos. Trading can be easy but that requires experience so I guess the easiest way is by faucets and mining.

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