What area of bitcoin participation is easiest to work with? - page 4.

VanityWallets2015

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Quote from: minairia3 on September 06, 2020, 09:41:06 AM

Quote from: bitzizzix on September 02, 2020, 01:08:01 AM

I personally prefer to buy bitcoin when the price is low according to my capital and I will hold it for the long term to sell it back when the price rises to my liking for maximum profit, and also participate in signature campaigns and other prize hunting.
and besides that I also sometimes trade for the medium term only for small profits, and to mine I haven't done it because it's not my ability to do that.

This is the most effective way and safest at all. Its good that signature campaign paid btc and we can used that for investment too. Actually for now this is the only way I can see better than others like airdrop.altcoin campaign is also good but its rare to see a project that really become a gem.

OP I suggest that look into more ways but always signature campaign is the best. Trading also but you need to be careful due to volatile market.

I agree with you. Participating to signature campaigns could be one of the easiest and safest to work with.
While knowledge about what you are getting into is necessary whether it’s a campaign, trading or even mining.
Also, I agree that mining these days are more risky than ever and requires tremendous investment of time, effort and electricity.

sulendra12

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Quote from: dansus021 on September 01, 2020, 10:53:06 AM

I think for now bitcoin mining is not choice if u dont have mining farm, anyway if you still curious about how bitcoin mining work you can still try deposit some small amount to miningrigrental or try cloud mining like genesis.

I would rather to avoid cloud mining if possible, even though people claimed its legit but you have to invest and the amount of time you have to wait to actually hit the ROI is really insane and there is the biggest risk that could possibly happen, just imagine the website is shutting down, what would you even do then?

minairia3

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Quote from: bitzizzix on September 02, 2020, 01:08:01 AM

I personally prefer to buy bitcoin when the price is low according to my capital and I will hold it for the long term to sell it back when the price rises to my liking for maximum profit, and also participate in signature campaigns and other prize hunting.
and besides that I also sometimes trade for the medium term only for small profits, and to mine I haven't done it because it's not my ability to do that.

This is the most effective way and safest at all. Its good that signature campaign paid btc and we can used that for investment too. Actually for now this is the only way I can see better than others like airdrop.altcoin campaign is also good but its rare to see a project that really become a gem.

OP I suggest that look into more ways but always signature campaign is the best. Trading also but you need to be careful due to volatile market.

pragna

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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?

Obviously BTC buy, trade and some hold for future. Yes you are right that mining is very risky matter and need huge experience for mining and at the same time miners need high configuration computer and internet also. Otherwise all investment will zero. Better trading by BTC in different coins by research is more easier. I personally know a man who invest his everything in minning but lost full investment as he has limited experience.

So finally trading and investing in good project is the best. thanks.

iyamoxjhian

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I think that depends on skills and resources.. some of us enhanced in doing bounty as they lack resources but has skills and techniques in doing bounty...some of us have resources and can provide the needs in mining and some of us can do investments of buying cryptos and trade it...but the secret among those is you enjoy what youre doing because if not whether you win or loss you enjoy nailing it and happy for whatever result may come out.

goldade

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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?

Just like you said, mining is very hard to make profits from. I laugh because you wrote 'it tends', it in reality do take a massive effort to be successful in mining.
Good electricity, good mining waller, computer with good capacity. Mining requires a lot of power to be successful.
I do believe that the easiest to work with is to participate in signature and bounty campaigns. Although this doesn't bring as much profit as trading, it is requires no risk as compared to trading which is very risky especially if you do not the required knowledge and skills.

wanted sliter

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I don't think it's easy to create value out of the crypto market. Remember that miners have been rich and failed in the market many times, bounty hunters have been numerous in the past and now very few are pursuing this path. I think content creators always have work to do. They write articles every day, they give news, they make comments and they also explain about technology. I think they are the market's closest followers.
I find staking and holding tokens of trading platforms that help them create value. Token holders of the platforms have a daily sum due to transaction fees from traders and they have an advantage in organizing IEOs.

bitzizzix

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I personally prefer to buy bitcoin when the price is low according to my capital and I will hold it for the long term to sell it back when the price rises to my liking for maximum profit, and also participate in signature campaigns and other prize hunting.
and besides that I also sometimes trade for the medium term only for small profits, and to mine I haven't done it because it's not my ability to do that.

CarnagexD

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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.

Nah I'd say bounty hunting sucks these days, you can hardly find a project that is legit and paying ones, I know there are projects that pays weekly but the expense of that is the price will dump each week giving you lesser and lesser fair. Mining on the other hand is expensive, you need equipments and all, place for the entire rig and maintenance.

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

The expenditure on trading is your money

As for the rest I think it is the easiest to do, you just need some time to learn it.

Kez1817

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I think trading is the easiest way to work with bitcoin as long as you have knowledge about it and you have enough capital. In joining campaign ,mostly they pay the hunters with altcoins ,so they need to exchange it first into bitcoin.

rexxarofmoknathal

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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?

As you already said it, for mining you need to start with a lot of investment first, you need some equipment to start off and think about it even if you do manage to mine a few blocks that probably won't earn you much when you're up against pros who can invest in the largest computers CPUs etc.

Thus, the only two viable options without prior investment is bounty hunter and trading. The trouble with bounty hunters is that you mainly get paid in tokens and so you're not actually 'earning', only if you get lucky the token might get listed but this is not the norm.

With trading, on the other hand, you can start but then again you need to have some money and some knowledge in order to make profits, and it is risky if you're not sure about how to interpret the market volatility.

These are some of the pros + cons for the options available. Only you can decide for yourself which one suits you best.

Hope this helps.

LimLims

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To be honest i haven't done mining yet.
But yes have heard many things about it from my friends.
For mining you need strong internet and electricity and if we see it practically then it's impossible for only one person to this.
But Yes you can go for cloud mining but that too will yield you with small profit.
Trading might be a good option as you will get huge profits, but at that same time you may also face losses.
Same goes with Gambling as that of Trading, equal risk of profit and losses.
Yes if you have plenty of time left to spend, bounties can be a great choice, it's zero investment but you need to dedicate some time to it.
Hope this helps you OP to understand things better.

Eureka_07

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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?

If you were to ask me, there is still no easy thing that we can do for us to earn some bitcoin/money.
Though the easiest bitcoin participation should be service offerings and joining signature campaigns since you just do normally what you offers. Bounty hunting nowadays less likely to be connected with bitcoin, and most of the time, bounty hunting is for altcoins.

You cannot literrally mine bitcoins on any smartphones or personal computer that you have(even if they have the highest computing power of all smartphones/PC). Bitcoin mining requires an equipment exlusive only for mining bitcoins. You can't mine bitcoins on your phone or computer, but you can mine altcoins on it.

dansus021

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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?

I think for now bitcoin mining is not choice if u dont have mining farm, anyway if you still curious about how bitcoin mining work you can still try deposit some small amount to miningrigrental or try cloud mining like genesis.

Eugenar

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I'd say through investment. People may engage to mining, bounty participation, trading and the likes but the easiest way I think for a person to get into cryptos is to simply invest into it. But ofcourse reading about it, atleast the fundamentals or keyterms, is more advisable. Then if he would want to dig for more, interactions with people industry is the second step, I guess.

Quote from: leea-1334 on September 01, 2020, 12:07:39 AM

Being a forum member on bitcointalk who contributes their experience of using bitcoin, helps newbies to answer any questions or problems they have with a bitcoin service, and discuss about services they use to help improve the quality of it overall,,, this is easiest because you speak only from experience:)

Good one. But cryptos including Bitcoin will more likely be heard on things related to profit such that investing into it will give "assured" profit. It is not really easy money but that's more likely how cryptos will be introduced to someone nowadays due to news. This forum is a good thing but not all people are aware of this site.

palle11

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

Considering all this, which of all the participation do you see as least demanding and easiest?

First I like to react to the use of bounty on this section. I believe the right word is signature you mean because you are talking about earning bitcoin and signature pay in bitcoin.

However to your question on the easiest to do, I think trading is; if you have the knowledge.

I will say some reason for that ,
1. The first reason is that you have freedom and choice on how to trade your money. That is you are independent.

2. You can make more money within a very short time but you don't have independence for signature because you have to keep to the rules to get paid. And mining takes you time and a lot of resources and energy.

BrewMaster

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Quote from: jackg on August 31, 2020, 03:47:01 PM

Bitcoin specific, you could host a full node.

i don't think OP actually means "participation", it is a wrong work to be used here if you check the examples he used they are all ways to make money (bounty hunting, mining, trading) and there is no money to be made by running a bitcoin full node.

isaac_clarke22

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Earning crypto seems like a common topic these days, ey? I guess I am not surprised to how the pandemic strike us hard.
I never did mining, nor have the rigs to start one, but I know it requires a lot of investment to the rig especially that GPUs these days are quite pricey that I can't even upgrade mine for gaming purposes
For the means of earning, the easiest would be just holding Bitcoin. Yes, that's all that think you need to work at. Everything requires effort
SCs, trading, bounties, etc.

bitsurfer2014

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@OP, if you have some extra capital, maybe you could consider giving out loans to others and taking out small interest but take note, there is also a risk

of loan defaults so you must take extra precautions before engaging a loan to someone else. Imho.

sunsilk

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Quote from: jackg on August 31, 2020, 03:47:01 PM

For altcoins, I'd try staking if you want some involvement with how they're run.

My answer is also this.

The easiest for me is staking. But it's not a specific "bitcoin participation" but a cryptocurrency-related investment. Several exchanges offer to stake on their platforms but as we know, it's best if you are the one holding your coin.

The safest would be staking to a hardware wallet which is the Ledger wallet, Nano S or Nano X. The supported staking coins are still few at three but I think in the future, it will become more.

https://www.ledger.com/staking

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