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.
Holding a bitcoin isn't a way to earn bitcoins, as the number of bitcoins in your wallet will be still the same as initial. But there are many ways to earn bitcoins like, gambling, asking bitcoins as payment for your job, converting your salary in bitcoins, etc..
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BoardBitcoin Discussion
Re: Will Bitcoin overcome Paypal?
by
Sarosliya
on 31/03/2017, 20:34:43 UTC
Let me guess... If the transaction per second problem will remain present there, then it will be a huge challenge for bitcoin to become a widely accepted currency world wide.
Well It is Impossible but Just for Fun Suppose You got 50,000 Bitcoins while creating a new bitcoin address, I Wanna know what would the First thing you do after this?
ooh, tricky question!! I will first transfer all of those bitcoins to my old address, then I will go in my office and will resign and will live my life happily after.
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Re: Bank or Bitcoin Wallet?
by
Sarosliya
on 30/08/2016, 14:53:11 UTC
I prefer to keep both just to get best of both. Each mode has its own pros and cons. Bitcoin can't provide as much stability as provided by banks and bank's transactions are not as fast as bitcoin's is.
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BoardBitcoin Discussion
Re: FUCK! The Bitcoin is dead again. This time for sure.
by
Sarosliya
on 10/08/2016, 02:00:25 UTC
Rise and fall have always been a part of this Cryptocurrency. It is not right to say that it is dead, it is better to say that it is facing a fall. People are still using it so technically it is not dead.
Why do we keep dredging up old and worn out topics?
Bitcoin has gone beyond $500 USD, it's slipping back down to $720 USD because everything correcting the market, like has happened with every other rally so far, and it looks like the market might have one more rally left in itself before the halving, if investors are willing to take the risk.
The bitcoin price did go beyond $500. It went up to $780. But it came back to $550 again. It will go up again.
I don't think that amount is possible to hold for a normal person, its only possible for a millionaire and that also if he can buy it, earning that huge amount is simply impossible.
200 bitcoin is worth about $12,000 at the moment. If you have asset of $100,000, you might have that amount of bitcoin.
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BoardSpeculation
Re: How to get 200 Bitcoin???
by
Sarosliya
on 12/05/2016, 14:12:17 UTC
200 bitcoin is worth $90000 at present. So it is a large amount of money. it is not so easy to buy from one exchange.
Beware of the Pump&Dupm happening right now. Don't get suckered in. Price will drop faster than it's going up. If you buy now, you will be a foolish bag-holder later on.
dumping ended now, back to 400$, that wasn't a huge pump and dump anyway, another pump should start soon
also why you say "don't get suckered it"? i know that some people wins extra money from pumps and dumps,i guess just some loses money for it
Thats the reality some profit from pump and dump while some loses to it,you just have to know how to play your cards well in the market so you always profit from this pump and dump.
The problem is that we do not know when the pumping phase will end and when the dumping phase will start.
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Re: Pumping phase active now, Dumping phase to come
Of course my kids still know what money is. They are in kindergarden now and teachers are still teaching about how to buy lunch/snack using notes and coins...
I think in a few generations, the kids and their parents will not see/use the paper notes. Every currency will be digital.
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BoardBitcoin Discussion
Re: Apple CEO Tim Cook: “Your kids will not know what money is”
Of course he means paper money, as physical cash, coins and bills. If you know how to interpret things, you can already see where we are headed, and that's a world were there is no way to hide your money from a massive surveillance state. Bitcoin is our only hope at having an alternative economy that it's outside any goverment. The network is already robust enough to survive terrible attacks, nothing has worked against it thus far, not even trying to disrupt it from within, but we need to keep making it better, better obfuscation features as well. I don't expect anything good from mega corporations like Apple and so on, so Bitcoin is our chance for an open source way out of that Orwellian nightmare.
I think Tim Cook is not informed about Bitcoin. Our kids will know paper wallets that contains millions of satoshis. Other paper wallets will continue to exist. I also don't know if such predictions can be taken seriously, when the current financial system is debt based with trillions of dollars of debt.
Yes. Paper wallet is also paper money. So Tim Cook should be educated about that. Maybe we can give our paper wallet to somebody else as a payment.
PayPal are too greedy with their 2-4% transaction fees + currency conversion fees + your mother fees. 100% Bitcoin. With ~4c/transaction its like heaven
I think when you pay a friend with paypal, it is free in my country. If I accept payment as a ebay seller, the fee is higher if the buyer pay with credit card.
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Re: 440+ Potential Activity | Sr Member account with 330+ Activity