Post
Topic
Board Bitcoin Discussion
Re: Is Buying and Holding the only way?
by
rickyNmorty
on 24/04/2018, 22:28:20 UTC
i tried to calculate how much would i make from bitcoin mining using an antminer s9, and i don't think it's worth it for me as the cost of electricity is high where i live, which is in the UK (it's 20 cents approx), i make like $300 profit a year. and obviously i can't use faucets as that will take years to get one bitcoin. so is the only way to even get any value from bitcoin is to buy it and hold it on for another few years? but it is a risky investment due to the price. or should i invest in new currencies that are cheap right now and have potential to grow to $4k a coin?  Huh
The price could be high as well as tge risk when you buy bitcoin. But to be able to profit well enough, you have to take risks and buy. There are also ways to earn more money in this industry to be fair. There are bounty programs that you could tske by the side while buying and holding, you could might as well do trading since a lot of coins right now are in a good raise. The list goes on.