Re: How to earn money with bitcoin ?

Try to use cloudmining site but its risky

It's not so risky as gambling or other stuff and also now people trying to work with trusted sites. Maybe cloudmining is the best way for newbies i think.

I think not only for newbie but cloud mining is very safe for everyone. you can make cloudmining as passive income and extra income
it's better than you use gambling

I don't trust cloud mining as I don't think it can be profitable in long run, and its difficult to judge their genuineness, may be it will disappear in future, better option would be trading.

you are right to not trust cloudmining services most of them are not legit, they are just taking money from new investors to give to the old ones. but there are a handful that are legit but they also have bad ROI.

the only thing that was good once, was cex.io that i have tried and i wonder if they will resume their operation when the price rises because they have paused it because of low price.

Yes, cex.io was really a very good site and I really like that it come back, and now they have to come back as the price is now much better and will continue to rise much more till the end of the year.

but unfortunately they will never go back to cloud mining, because it was not profitable. if I'm not mistaken, when it is due to the price of bitcoin decreasing and not increasing difficulty. so the result of cloud mining costs exceeding mining profit.