How are people accumulating more bitcoin other than buying it with fiat?
I’m watching videos on Youtube and reading forums and i see a commonality of people saying to accumulate more bitcoin and not to day trade. But how does this work? Or are there other ways to grow your bitcoin portfolio? Can you explain a little bit in detail?
There are lots of ways that people can get bitcoins without having to pay for it with fiat. Although a lot of people prefers to just buy it with fiat, because that way it is more easy and they can store it and wait for it to increase in value while they continue to make profits from it. Other ways that people have been generating bitcoins is by mining it, but this method is not as easy as it used to be before when bitcoin was still new. Before you can easily mine it at home, but now it’s not that easy.
Now you have join a platform or you can even go for cloud mining. Another way you can get it is by working and getting paid in Bitcoin. You can tell your employer or contractor to be sending you payments through bitcoin.