Quote from: worldofcoins on Today at 01:34:26 PM

Quote from: 95Bolu on November 30, 2021, 02:44:26 PM

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?

Well there can only be 3 ways to acquire bitcoin, 1) By trading, 2) by mining& 3) by gift. The best and easy way is by trading, but you are required to put your focus on the market and the trend of people towards bitcoin, the second one is by mining, but it's very expensive, you would have to purchase a mining rig for this purpose, the third one is very rare, which is to acquire by gift. But we don't have any such friends, who would ever be willing to gift bitcoin. Any such friendship is always welcome. lol

With trading, if you really know how to spot trading potentials even if the market suddenly turn sideways, then you will most likely to earn bitcoin. Aside from that, if you can land a crypto job and ask your client to pay you in bitcoin, then earning in bitcoin is very much possible. But with trading, i think its the best way to accumulate lot of bitcoin but you still have to prepare a bigger amount of funds. And with bitcoin having as a gift, of course it will always be possible like the thread here in the forum that talks about having bitcoin as an educational insurance as a reward or as a gift.