If you are looking for a passive income then lending is your best option. You can offer your service in the Lending section but don't expect to make a huge profit as you would make on other platforms. If you decide to go with this option, make sure to deal only with reputable members or always ask for a collateral.
Holding is also a good option but since bitcoin is at its ATH, it may take some time (months or even years) before you can see some good profit.
Topic: What is the most profitable way for me to earn income on my idle Bitcoin? - page 2. (Read 312 times)
November 05, 2021, 12:58:57 PM
November 05, 2021, 10:19:22 AM
Hi lovesmyfamil yes I did go and invest all that ten grand into Bitcoin, I thought it was the best choice.
You have answered your question here. Now you just need to hold and back up your wallet and keep it safe. If you don't like day trading, then you might want to become a bitcoin holder and come back when you hear that bitcoin has hit $100K. Consider not storing your bitcoin on an exchange if you are not an active trader, and I would only advise you to store them in a secure wallet where you are the one holding the private key. 
November 05, 2021, 10:00:37 AM
If you don't need funds to support your life, just drop your bitcoins and hold. Moreover, buy it regularly. You will make a profit after a while. This is the simplest solution for a person with no experience or knowledge in cryptocurrency.
One good method to practice your advice is Dollar Cost Averaging - DCA. One good website to estimate and get overview on what's going on with a specific DCA plan.DCA with $10 weekly, 3 years ago. So the net capital is $1570 that increases up to $10,293 with Bitcoin's temporary price. Good enough with 555% change.
https://dcabtc.com?sd=2018-11-05&sda=3_years&f=weekly&d=3_years&ac=1000&c=false
November 05, 2021, 09:35:52 AM
Iam currently using Celsius but Iam curious to what is the most profitable way to earn on my Bitcoin. I don’t know much about defi been reading into it. Please don’t harp on me about it not being safe I guess I am a bit of a risk taker at heart thank you
I do not know how to trade. I buy bitcoin every month and also stake my crypto on binance and earn some profits daily. You can do that too to avoid losing your money on trading. 
November 05, 2021, 09:13:24 AM
There're many investment platform offer 200% return in a single day /sarcasm.
I wouldn't talking to much here, but if you want to choose altcoins and DEFI you need to consider how profitable it's for long term. Altcoins and DEFI looks more interesting in short term, but are you really sure they can beat Bitcoin investment return in long run?
I wouldn't talking to much here, but if you want to choose altcoins and DEFI you need to consider how profitable it's for long term. Altcoins and DEFI looks more interesting in short term, but are you really sure they can beat Bitcoin investment return in long run?
November 05, 2021, 09:00:38 AM
Hi lovesmyfamil yes I did go and invest all that ten grand into Bitcoin, I thought it was the best choice.
At least the amount that you can afford, don't invest the fund that's supposed to be your weekly budget allowance, to have food on the table and thinking after a week you want to withdraw all your investment and accept the fact that you didn't even gain profit on it. If the amount that spent on investing is what you can afford, yes that is the best choice. Making a profit in crypto seems not very easy, you need to have a knowledgeable enough first and sharpen your skills through different kinds of earning like trading, investing, staking, or even gambling using your crypto. But I would say and frankly speaking, investing Bitcoin itself and holding it for the long term will potentially earn profit in a certain period of time. A risk-taker doesn't mean that you're potential can gain profit, it's a case to case basis.
November 05, 2021, 08:59:10 AM
I don’t think Iam cut out for trading lost a few dollars on it already and learned some TA. I may take some risks but I just won’t throw my money away haha. For the amount of Bitcoin I do have I d rather invest in it for passive income
November 05, 2021, 08:53:30 AM
Iam currently using Celsius but Iam curious to what is the most profitable way to earn on my Bitcoin. I don’t know much about defi been reading into it. Please don’t harp on me about it not being safe I guess I am a bit of a risk taker at heart thank you
There are ways to trade that'll allow you to make gains on your bitcoin - I wouldn't recommend or even consider starting now with it though, but if you're going to hold your coins for a while, investing in top cap altcoins and just holding them has given returns in the past (we're already near a peak) - there is still substantial risk with it and it might be boring. (ignoring any other forms of trading as it's likely to get you to 0)
November 05, 2021, 08:50:15 AM
Hi lovesmyfamil yes I did go and invest all that ten grand into Bitcoin, I thought it was the best choice.
November 05, 2021, 08:47:29 AM
Please don’t harp on me about it not being safe I guess I am a bit of a risk taker at heart thank you
Maybe you will end up preferring to trade, but the best have been said already, you can just hold, buy bitcoin and hold, it will be good to use noncustodial wallet for your holding so that no one or company will have control over your coin but you alone.If you want to trade, know that beginners will lose, use an amount you can afford to lose for over a year, $100 or lower amount is good, do not be in haste, be patient and have experience for over a year before you should start trading with actual amount. If you always lose with the money you can afford to lose and no changes, then trading is not your way.
If you have huge amount, then you can save and earn profit but the reward can be very small and you may have to depend on centralized service for this. You can also stake using your noncustodial wallet too but know that altcoins are like gambling.
November 05, 2021, 08:35:33 AM
Iam currently using Celsius but Iam curious to what is the most profitable way to earn on my Bitcoin. I don’t know much about defi been reading into it. Please don’t harp on me about it not being safe I guess I am a bit of a risk taker at heart thank you
Not your keys, not your coins. But from the ending part of the message you may know that already.
The problem is that usually the higher reward comes with higher risk and it may not worth it.
Some hold. Some trade. Some try their luck with altcoins and DeFi (if you go on that route, you better ask in altcoins area). Some exchanges may allow you to lend. Some websites allow you deposit for a small return.
Since trust is a big issue, I wouldn't expect here any answer that's useful for your "risk taker heart". Newbies are to be advised for extra care, not for unnecessary risks, sorry.
November 05, 2021, 08:17:08 AM
If you don't need funds to support your life, just drop your bitcoins and hold. Moreover, buy it regularly. You will make a profit after a while. This is the simplest solution for a person with no experience or knowledge in cryptocurrency.
Well, as they say, over time, you will gain knowledge, and you will be able to determine where and how to spend your bitcoins.
By the way, your first question was already about where to invest your $10,000, did you buy bitcoins, or are you still defining your goals?
Well, as they say, over time, you will gain knowledge, and you will be able to determine where and how to spend your bitcoins.
By the way, your first question was already about where to invest your $10,000, did you buy bitcoins, or are you still defining your goals?
November 05, 2021, 08:04:17 AM
Iam currently using Celsius but Iam curious to what is the most profitable way to earn on my Bitcoin. I don’t know much about defi been reading into it. Please don’t harp on me about it not being safe I guess I am a bit of a risk taker at heart thank you
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