There is no safe place to invest bitcoin to earn interest income on it. Not as of now. Cloud mining websites are basically ponzi schemes but due to the low payout, they stay in the market little longer than conventional ponzi schemes.
With my few years of experience, I can say Trading is the only safe place to earn income on bitcoin. You need to start with little initially just to learn and once you get the hang of it, increase the initial amount and you will see how money is rolling in to your account. Also for your losses, you will be the only accountable person and no one else. Try to learn trading and I can guarantee that you will not look for other options.
I disagree. Trading is not safe at all. You might be doing great in trading but that's not the same thing to everyone. Actually, you might even be a part of the minority rather than the majority. It's pretty obvious that trading is overrated in this forum. Some only say that trading is the best thing to do just so they can say something on their post for their signature campaign.
Statistics proves you wrong. Here are some articles:
“95% of all traders fail” (
Source)
“Only 5% of traders can make a living at it,” (
Source)
You compare crypto trading with forex trading, it looks indeed have the same system, but have differences that will make you no longer equate it:
- In forex, we know term "long and short", both of which are equally able to provide potential profit. Bitcoin is more similar to "buy and sell" (sale price minus purchase price), bitcoin market has no margin call or pips.
- Forex is very sensitive to news happening in the world, such as wars, natural disasters, political, and economic. Bitcoin only move up and down in a country's economic news.
- Forex dependent on government policy (centralized and idealism), is not similar to bitcoin. Bitcoin movement is very fast because influence of independent.
- Nominal deposit in bitcoin is much lower than forex. This makes crypto trading widely used.
No business is safe and risky. It's natural that crypto trading very popular in this forum, because it can benefit quickly and a lot compared to faucet business. Crypto trade is considered most secure compared to gambling and betting, and even cloud mining. Analysis on trade also encouraged traders to be more concerned with existing coins because most traders consider bitcoin as an asset, not money.