Topic: You own a decent amount of Bitcoin, How would you increase it - page 7. (Read 1173 times)
First and foremost, to HODL your Bitcoin patiently is one of the best things to do in this situation. If you have another job, you can buy more Bitcoin and store it until the price will be way better than this.
It is correct, you can make a nice profit with margin trading, but the risk is also great. I read many reddit stories regarding people who lose their money with X10 or even X125 in binance now.
Yeah, man.. The thing is that professional traders rarely use more than 2x leverage, while the retail traders are crazy about using 25x, 50x or even 100x leverage. Leverage is a powerful, two-edged weapon especially in the financial industry. It can bring abundance or it can tear you apart. That's why I always recommend people to first trade without leverage and be sure they understand all the mechanics of margin trading before getting into it.
Greeting all,
I own a decent amount of Bitcoins which were made honestly with right investment & timing since 2012.
During 2017 until 2019, i invested in many different projects and 99% of my investment got wiped almost instantly during 2019.
I did recover some of my losses with the IEO hype but it seems the IEO hype is over now.
I know the right answer is to HODL and just let the sit back and relax but it wont grow my Bitcoins amount.
I read about many so called Bitcoin Banks, Projects, who promise you 3% interest annually, simply don't believe in holding your bitcoins in one place for such a long time.
So how would you increase your bitcoins?
I own a decent amount of Bitcoins which were made honestly with right investment & timing since 2012.
During 2017 until 2019, i invested in many different projects and 99% of my investment got wiped almost instantly during 2019.
I did recover some of my losses with the IEO hype but it seems the IEO hype is over now.
I know the right answer is to HODL and just let the sit back and relax but it wont grow my Bitcoins amount.
I read about many so called Bitcoin Banks, Projects, who promise you 3% interest annually, simply don't believe in holding your bitcoins in one place for such a long time.
So how would you increase your bitcoins?
Sell high buy low! you will get the number of your Bitcoin increasing in that way.
You can do bounty also to have more coins on your pocket. You can do lending here in the forum as you will get 10-20 percent increase from the amount you let others lend from you! Gambling is not an option as you might lose!
my strategy of day trading is simple
1. dont put all your eggs into on basket
2. dont hodl for *xx% profits. instead use small amounts and take small 1-2% profits repetedly, which add up to be large profits over time
EG
say i had 100btc and wanted to get it to 103btc. i would not put 100btc into an exchange and hope for a 6% rise to sell and then hope it goes back 103% to buy to gain the 103btc.
instead. id take 3btc. and just make 1% profits regularly. most days show more than one oppertunity to do such. thus add it up 1% of 3btc = 0.03btc
0.03btc x 365= 10.95
thus aiming for 1% a day if successful gets you near 11btc more. or if only successful a third of the time still gets you your 3btc extra
next point
aswell as not putting all 100coin in. dont also put the whole 3btc as a single order. this is because if you misjudge one order. you could b waiting for days/weeks to cycle it into profit. by this i mean break it down into 3 allotments of 1btc. that way if you sell it at say $8000 and hop to buy in at 7920(1%).. it may not go down to that, however if you sold 1btc at 8k and put it to buy at 7920 .. if it dont go down. its ok, leave it there.
the price is obviously going up in that instance. so u sell for say 8.2k and aim to buy at 8118. if that does not go down. then you sell at 8.4k aiming to buy a 8.316
not only dos this tactic average ur value of 3btc at 8200 instead of the single order of btc at 8000. but also prevnts a single chance of bing right or wrong and instead gives you 3 chances
which compared to just throwing all 100btc at 8000 and hope to buy in at 7760 which is far worse hope than other buy back prices suggested in this example. its also alot of risk.
but using just 3 btc mitigates risk to just 3%.. then splitting the 3btc into 3 changes mitigates the risk even further.
the key thing is this.. dont be greedy.
dont start to think
if i can take 3btc and turn it into triple in a year why shouldnt i take 100 and triple it
if i can take 3btc and turn it into triple in a year using the 1% cycle method why shouldnt i take 100 and do 5% cycle and 15x it
becaus as i said
1% swings happen alot, giving you many oppertunities.. but not everyone is instant success or guarantee
5% swings dont happen as often, and have longer gaps between their occurrances. meaning less oppertunities
many people can do 6x 1% cycles mor often than 1x5% cycle.
putting it all into one order means you got no back up funds to take other oppertunities while u wait for the first order to cycle
and of course if that first order never cycles. justleave it there. and just cycle the other two repeatedly. and eventually the profits from the 2 will payoff the loss of the first. all while only risking 3%
i personally play with 10 allocations of a low risk amount. i have never and will never use my whole hoard.
separetly. if your not into day trading others have advised, using personal, professional skills to earn money from doing jobs, crating a business, offering services. which is much safer as all your risking is your sweat labour. not your assets
1. dont put all your eggs into on basket
2. dont hodl for *xx% profits. instead use small amounts and take small 1-2% profits repetedly, which add up to be large profits over time
EG
say i had 100btc and wanted to get it to 103btc. i would not put 100btc into an exchange and hope for a 6% rise to sell and then hope it goes back 103% to buy to gain the 103btc.
instead. id take 3btc. and just make 1% profits regularly. most days show more than one oppertunity to do such. thus add it up 1% of 3btc = 0.03btc
0.03btc x 365= 10.95
thus aiming for 1% a day if successful gets you near 11btc more. or if only successful a third of the time still gets you your 3btc extra
next point
aswell as not putting all 100coin in. dont also put the whole 3btc as a single order. this is because if you misjudge one order. you could b waiting for days/weeks to cycle it into profit. by this i mean break it down into 3 allotments of 1btc. that way if you sell it at say $8000 and hop to buy in at 7920(1%).. it may not go down to that, however if you sold 1btc at 8k and put it to buy at 7920 .. if it dont go down. its ok, leave it there.
the price is obviously going up in that instance. so u sell for say 8.2k and aim to buy at 8118. if that does not go down. then you sell at 8.4k aiming to buy a 8.316
not only dos this tactic average ur value of 3btc at 8200 instead of the single order of btc at 8000. but also prevnts a single chance of bing right or wrong and instead gives you 3 chances
which compared to just throwing all 100btc at 8000 and hope to buy in at 7760 which is far worse hope than other buy back prices suggested in this example. its also alot of risk.
but using just 3 btc mitigates risk to just 3%.. then splitting the 3btc into 3 changes mitigates the risk even further.
the key thing is this.. dont be greedy.
dont start to think
if i can take 3btc and turn it into triple in a year why shouldnt i take 100 and triple it
if i can take 3btc and turn it into triple in a year using the 1% cycle method why shouldnt i take 100 and do 5% cycle and 15x it
becaus as i said
1% swings happen alot, giving you many oppertunities.. but not everyone is instant success or guarantee
5% swings dont happen as often, and have longer gaps between their occurrances. meaning less oppertunities
many people can do 6x 1% cycles mor often than 1x5% cycle.
putting it all into one order means you got no back up funds to take other oppertunities while u wait for the first order to cycle
and of course if that first order never cycles. justleave it there. and just cycle the other two repeatedly. and eventually the profits from the 2 will payoff the loss of the first. all while only risking 3%
i personally play with 10 allocations of a low risk amount. i have never and will never use my whole hoard.
separetly. if your not into day trading others have advised, using personal, professional skills to earn money from doing jobs, crating a business, offering services. which is much safer as all your risking is your sweat labour. not your assets
I own a decent amount of Bitcoins which were made honestly with right investment & timing since 2012.
During 2017 until 2019, i invested in many different projects and 99% of my investment got wiped almost instantly during 2019.
Typical story with everyone in the market but do the same process you did during 2012, invest small amounts in bitcoin for the long term and try to accumulate as much as you can and then who knows what the price would be ten years from now.During 2017 until 2019, i invested in many different projects and 99% of my investment got wiped almost instantly during 2019.
I read about many so called Bitcoin Banks, Projects, who promise you 3% interest annually, simply don't believe in holding your bitcoins in one place for such a long time.
You claim to be in the market for a long time and you must know that only if you hold the private key to your coins you cannot call them yours, the risk is high if you trust a third person project as you never know when it will shut down. 
I was actually looking for a more serious answers. I already own a successful business, i just earn fiat and have no intension to buy crypto with my fiat earnings.
Bitcoins are money.
You get them the same way you get any other money.
You can:
- Earn them
- Exchange comething of value for them
- Gamble for them
- Steal them
Stealing is illegal and carries the associated risks of any illegal activity.
Gambling carries risk of loss.
That leaves you the serious answers...
You say you have a successful business, then you should consider encouraging your customers to pay you with bitcoins.
You say you earn fiat, then you can buy crypto with your fiat.
Why don't you want to buy Bitcoins with your fiat? It is a fast, easy, reliable, and simple way to accumulate Bitcoins.
Getting into altcoins is essentially gambling. I'm not sure you want to go that route. The easiest way is to simply buy more of them with money you make elsewhere. It's possible you could earn some altcoins by joining their campaigns, but that takes a lot more work and effort to do it.
I built up my stash that way, my only mistake was not exchanging them to BTC when I had the chance.
Otherwise, the best and easiest way is to set aside a portion of your salary or income, then use that to buy BTC every month. You say you have a successful fiat earning business? This method would be the safest.
Bounties are indeed peanuts, but signature campaigns pay anywhere from $50 to $150 or more per week. If you can save more than that with your successful business, that would be more productive than trying to earn through campaigns here.
If you don't like to invest in BTC, then perhaps you should be investing in traditional markets, such as index funds like the ones offered by Vanguard or Black Rock. Can't go wrong there with 20 year horizons, they're regulated, and the market and indexes are self-correcting.
I built up my stash that way, my only mistake was not exchanging them to BTC when I had the chance.
Otherwise, the best and easiest way is to set aside a portion of your salary or income, then use that to buy BTC every month. You say you have a successful fiat earning business? This method would be the safest.
Bounties are indeed peanuts, but signature campaigns pay anywhere from $50 to $150 or more per week. If you can save more than that with your successful business, that would be more productive than trying to earn through campaigns here.
If you don't like to invest in BTC, then perhaps you should be investing in traditional markets, such as index funds like the ones offered by Vanguard or Black Rock. Can't go wrong there with 20 year horizons, they're regulated, and the market and indexes are self-correcting.
Greeting all,
I own a decent amount of Bitcoins which were made honestly with right investment & timing since 2012.
During 2017 until 2019, i invested in many different projects and 99% of my investment got wiped almost instantly during 2019.
I did recover some of my losses with the IEO hype but it seems the IEO hype is over now.
I know the right answer is to HODL and just let the sit back and relax but it wont grow my Bitcoins amount.
I read about many so called Bitcoin Banks, Projects, who promise you 3% interest annually, simply don't believe in holding your bitcoins in one place for such a long time.
So how would you increase your bitcoins?
I think if you already have bitcoin and genuinely want to improve your position then instead of investing in some other persons project you should better get your own business idea and implement into blockchain. Try something based online and as you are having decent amount of bitcoin yourself you can fund your own project and work over it and you would definitely be able to increase your bitcoin much more than just 3% annually. By the way Binance is providing around 13% annually but I still think it's not worth it. I own a decent amount of Bitcoins which were made honestly with right investment & timing since 2012.
During 2017 until 2019, i invested in many different projects and 99% of my investment got wiped almost instantly during 2019.
I did recover some of my losses with the IEO hype but it seems the IEO hype is over now.
I know the right answer is to HODL and just let the sit back and relax but it wont grow my Bitcoins amount.
I read about many so called Bitcoin Banks, Projects, who promise you 3% interest annually, simply don't believe in holding your bitcoins in one place for such a long time.
So how would you increase your bitcoins?
would you really entrust your coins to a bank that you are not holding your private keys?
literally its just like giving it to him while letting it grow. the uncertainly that your coins will be back to you once you request it be withdrawn is going to challenging for you once they turned scam. before you realize they are scam they will first ask for KYC, so they knew who you are. while if you just hold your coins perhaps invest on POS coins, you are like profiting without worrying whether about your coins.
literally its just like giving it to him while letting it grow. the uncertainly that your coins will be back to you once you request it be withdrawn is going to challenging for you once they turned scam. before you realize they are scam they will first ask for KYC, so they knew who you are. while if you just hold your coins perhaps invest on POS coins, you are like profiting without worrying whether about your coins.
I see Bitcoin as an investment itself so why risk them? I think the safe way is to just build other sources income in fiat or btc and just stack those sats away. I am not a financial advisor but this is what I would do. An alternative would be to do margin trading. Thus you can multiply your exposure to the market, but that also implies more risk.
It is correct, you can make a nice profit with margin trading, but the risk is also great. I read many reddit stories regarding people who lose their money with X10 or even X125 in binance now.
I see Bitcoin as an investment itself so why risk them? I think the safe way is to just build other sources income in fiat or btc and just stack those sats away. I am not a financial advisor but this is what I would do. An alternative would be to do margin trading. Thus you can multiply your exposure to the market, but that also implies more risk.
1. Get an extra job
2. Get a weekend job
3. have a car ? start doing uber after work
4. Do bounty signature campaigns
5. Have patience
All of this can increase your Bitcoins or if you own something , you can pay the debt in time by doing extra effort and remember you work hard now to enjoy it later.
2. Get a weekend job
3. have a car ? start doing uber after work
4. Do bounty signature campaigns
5. Have patience
All of this can increase your Bitcoins or if you own something , you can pay the debt in time by doing extra effort and remember you work hard now to enjoy it later.
I was actually looking for a more serious answers. I already own a successful business, i just earn fiat and have no intension to buy crypto with my fiat earnings.
I already own a car, bounty signature campaigns are peanuts and i'm patient since 2012.
I'm long time around, There is no possible way you can profit from Trading unless you got an inside tip.
I don't believe anyone who's saying he make's profit from trading. Whales can manipulate the market/coin and if you quick enough you can catch the pump, but on the long term, you most definitely will lose your money.
I don't believe anyone who's saying he make's profit from trading. Whales can manipulate the market/coin and if you quick enough you can catch the pump, but on the long term, you most definitely will lose your money.
1. Get an extra job
2. Get a weekend job
3. have a car ? start doing uber after work
4. Do bounty signature campaigns
5. Have patience
All of this can increase your Bitcoins or if you own something , you can pay the debt in time by doing extra effort and remember you work hard now to enjoy it later.
2. Get a weekend job
3. have a car ? start doing uber after work
4. Do bounty signature campaigns
5. Have patience
All of this can increase your Bitcoins or if you own something , you can pay the debt in time by doing extra effort and remember you work hard now to enjoy it later.
So how would you increase your bitcoins?
Step 2. Convince your employer to pay a portion of your salary with bitcoins.
If his employer knows bitcoin too, this is possible. But if the employer does not know bitcoin it is better to buy bitcoin. So you can manage your salary, too, and you know how many percent of your salary you can buy with Bitcoin.
I read about many so called Bitcoin Banks, Projects, who promise you 3% interest annually, simply don't believe in holding your bitcoins in one place for such a long time.
My bitcoin is in a safe wallet, and not in Bitcoin Bank. The price of bitcoin is also rising so I would not risk it being put to others just for 3% increase every month.
I read about many so called Bitcoin Banks, Projects, who promise you 3% interest annually, simply don't believe in holding your bitcoins in one place for such a long time.
No. Just no. Want to increase the value of Bitcoins? Just HODL. Using 3rd party services that promise you this or that has better chance to leave you with empty pockets than a tiny bit wealthier.
If you want to increase your Bitcoins, buy more or earn more by working for Bitcoin, or sell things for Bitcoin. Bitcoin is money: just think on how you'd earn money in a currency from the other side of the world, basically that's how to get more Bitcoins too.
Also, be careful on the advises: trading is for Pro; gambling is not earning.
I would choose short term trading though if you have good knowledge about the market and have experience in trading then there is a slight chance you can grow your bitcoin holding slowly.
Few things you should follow.
* Don't be super greedy, be happy with a small profit.
* Don't trade with emotion, Only trade when you have a strong entry signal.
* Don't trade with other people's advice.
* Trade only with coins with over 50 bitcoin daily volume.
Though it's always a wise decision if you just be happy with your current holdings. To make more bitcoins while putting your bitcoins at risk is not a great idea. it's better just hold. Be happy with what you have already. Try to do work in the meantime for bitcoins. Sell stuff for bitcoins etc. Most of the people who tried to grow bitcoins from their holdings ended up losing.
Few things you should follow.
* Don't be super greedy, be happy with a small profit.
* Don't trade with emotion, Only trade when you have a strong entry signal.
* Don't trade with other people's advice.
* Trade only with coins with over 50 bitcoin daily volume.
Though it's always a wise decision if you just be happy with your current holdings. To make more bitcoins while putting your bitcoins at risk is not a great idea. it's better just hold. Be happy with what you have already. Try to do work in the meantime for bitcoins. Sell stuff for bitcoins etc. Most of the people who tried to grow bitcoins from their holdings ended up losing.
Trading is the key for me on increasing my bitcoin. I can easily and calmly earn couple of thousands in a month which is big here in my country and for my age and what stress Im getting from it it is well worth it for sure.
Investing in ICO or IEO is a no no for me, but it depends if you can earn there then go.
Investing in ICO or IEO is a no no for me, but it depends if you can earn there then go.
So how would you increase your bitcoins?
Trading is an option, you can also use defi which use WBTC like Compound. You still need to trust them (at least the code) but it's worth to take the risk. However, the interest is really low, around 0.3% or so last time I checked.
You can also run a lending business in this forum and get around 7% interest per month or so (like Darkstar_). But it's risky, so you need to be careful.
Greeting all,
I own a decent amount of Bitcoins which were made honestly with right investment & timing since 2012.
During 2017 until 2019, i invested in many different projects and 99% of my investment got wiped almost instantly during 2019.
I did recover some of my losses with the IEO hype but it seems the IEO hype is over now.
I know the right answer is to HODL and just let the sit back and relax but it wont grow my Bitcoins amount.
I read about many so called Bitcoin Banks, Projects, who promise you 3% interest annually, simply don't believe in holding your bitcoins in one place for such a long time.
So how would you increase your bitcoins?
Since I don't quite have enough investment in bitcoin, I plan on buying and trade some of my remaining cryptocurrency to sum up my bitcoin holdings.I own a decent amount of Bitcoins which were made honestly with right investment & timing since 2012.
During 2017 until 2019, i invested in many different projects and 99% of my investment got wiped almost instantly during 2019.
I did recover some of my losses with the IEO hype but it seems the IEO hype is over now.
I know the right answer is to HODL and just let the sit back and relax but it wont grow my Bitcoins amount.
I read about many so called Bitcoin Banks, Projects, who promise you 3% interest annually, simply don't believe in holding your bitcoins in one place for such a long time.
So how would you increase your bitcoins?
Aside from trading I also have a business and I'm using my earnings to buy until its price is still stable at $8k. Then I'll wait for its price to increase again.
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