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 various of ways to earn BTC without purchasing it via fiat.
First, you may offer your services and skills for a consideration of BTC under the marketplace. Dozens of people have already created threads where they offered to do something in particular to an individual and the payment is through bitcoin. Another thing, you may also participate in campaign signatures where the payment is usually paid in BTC weekly.
In my opinion, I consider the 2nd method to be the most convenient way of earning but the only hindrance would be your forum rank.
Right. As you can’t participate in most of the signature campaigns that are paid in bitcoin once your position is still in newbie, member or full member. You still have to level up your position so you will be qualified. In addition to your various ways, if you have some other potential coins in your portfolio, you can sell it and convert into bitcoin. In this way, there’s no need to pay for it. You can consider too mining for bitcoin if you are aiming for huge number of bitcoin but that may somehow require a capital to make it possible. But i believe the best way to accumulate bitcoin is through purchasing it with fiat. The more you spend, the higher chances for you to make bigger profits.