Post
Topic
Board Bitcoin Discussion
Re: How many ways are there to earn bitcoins?
by
DoublerHunter
on 10/04/2017, 11:58:28 UTC
Recently, I've been trading bitcoins on btc-e, earning only a little, yes, very little, except the fees that btc-e takes.

Besides trading, are there any good method to earn bitcoins?   Thanks.


One and best way of earning bitcoin is to hold and collect while price is quite low and then sell it after when bitcoin price reaches your target. This may be the safest one. Aside from it is to create local business using bitcoin as primary payment option then rotate bitcoin to fiat and vise versa

Holding bitcoins for a profit is what most of us do. But the payment gateway part for your own local businesses is not so appreciated by many government's. They just say "transact in Bitcoins at your own risk.. " so it'll not be preferable.
It's better to convert a part of your savings into Bitcoin and hold them for a long time.

Holding bitcoin is one way to earn more money as the price of bitcoin increases with time. Great.  Other methods include trading, gambling etc but they involve risk of losing bitcoins also. So need to be very careful while selecting the option of earning or investing bitcoins.

You will make money from holding only if the price of bitcoins will go higher in future but the amount of bitcoins will be same in your wallet so I think its better to grow them by investing in trading as more coins will give us more amount of money in future.
Putting your bitcoin in trading is a faster earning way than just holding your money in your bitcoin wallet. But before you start getting good profits you must know how the markets and how the big and small players play the game because sometimes if you just go and go in trading you will end up losing the game and in the end, you will loss money which is bad. So study hard before you grind hard.