Earning Bitcoin

You did see the Bloomberg article in yesterday's news?

"Bitcoin Plummets 32 Percent in Two Days"

Steve

It's always funny when I see Cryptocurrency threads on the warrior forum.

Think about it. Cryptocurrency is a form of digital currency, that is only accepted at specific places.

Why would you build your business around a form of money that you can't use without jumping through hoops or selling at a low-ball price? It's asinine!

It's like living in the United States, and being paid in Chinese Yen. Why?!?

Bitcoin prices have a history of climbing and dropping, it will eventually reach a steady price. For now though, it will keep fluctuating greatly.

I was very heavily involved with cryptocurrency up until about 8 months ago. Not so much Bitcoin, but mainly the others (altcoins.) These markets were easily manipulatable with even a small amount of capital (less than $1,000) and there were a few nights in particular where I tripled my investment. Great times.

Anyhow.... points 1 and 3 are worthless. The cost of electricity to mine is more than the yield, and faucets are not worth your time as you could make more money picking up pennies at your local mall.

Funny that you didn't mention the easiest way to get it - buying it from an exchange.

As far as Bitcoin as an investment goes - it will not go to 0 (there is a niche market for it and it has its uses), but it's certainly very volatile and not something I'd want to hold onto when I can easily put my money into the stock market.

Thats why u trade bitcoin without owning it so u make money off the flucuations which giv higher returns than the stock market. ex it was at 280 a week ago dropped to 220 buy 10puts easy 600 with only 200

there are some easy ways to earn with digital currencies but you will need time, and hard cash to invest in those, but the return can be min 2x of your investment. Mining is prob the best way, you just need to know how to do it

You should not just download the first thing you find in a google search. The first step to starting in bitcoin is understanding how to use it properly. That is, learn how to use GPG; learn where the important people hang out. I doubt very much that a novice knows how to "check the security." Be very cautious with this thing; it's very serious business.


Do not go for a "regulated exchange." That defeats the whole purpose of bitcoin. We finally have a money that doesn't depend on the traditional means of fraud prevention, but people want to re-invent them anyway.



The point is you don't sell them. The point is you find a way to pay expenses with bitcoin, and make profit in bitcoin. The point is to destroy the old way of doing things; to make FIAT and socialism impossible once and for all.

If that doesn't sound right for you, don't get involved. If you're going to remain tied to the traditional banking system, bitcoin will only be a liability for you. Of course if bitcoin is to take over the world, your ties to FIAT will be a liability. It's like choosing between the Axis and the Allies in the lead-up to World War 2. Make sure you pick the right side; you're likely to be hanged if you choose wrong.

Unless you setup some HYIP using bitcoin as the currency, earning is going to be a ruff road.

The computer power to get your own coins is beyond your power.

I currently make over $4K a month with bitcoins and it is all passive income. I will soon be inviting people into the group so look around for me and you will not be disappointed.

I've tested bitcoin trading for the past 2 weeks (I'll tell you my reasons why I decided to do this later in this post); and

I did this by investing $600 into buying and selling bitcoins; and

After testing different markets for buying and selling bitcoins from last Monday to last Sunday -- I broke even, well not exactly since I spent 2 hours of my time each day, collectively ...

-- BUT --

I found a few secure platforms to buy bitcoins at reasonably low prices through very quick, secure and convenient payment methods; and

I also found secure platforms to sell bitcoins at reasonable marked-up prices through payment methods that aren't risky and aren't inconvenient for bitcoin sellers like me ...

-- AND --

From Monday to today, I netted an average of 70 USD per day, for a maximum of 2 hours, collectively, per day ...

-- SO --

I intend to scale this up after another month or so of continuous testing; and

My plan is to re-invest everything, since my initial $600 investment is something that I can definitely afford to lose for testing viable investment opportunities ...

-- SO --

Through a compounded investment plan -- After the fourth week, I could potentially turn my $490 net profits now into 3,920; and

My $600 initial investment could turn into $4,030 ...

SO --

After these 6 weeks (including my initial 2-week testing phase) -- My $600-and-2-hours-per-day investment could potentially become $7,950 ...

-- AND --

That means from these 6 weeks -- I could earn $175 per day on average ...

-- BUT THEN AGAIN --

Prices could drop significantly, making my initial investment and current net profits vanish ...

-- HOWEVER --

Prices could also drastically shoot up, doubling or tripling or so my initial investment and current net profits ...

-- SO --

I think this is worth my time. It's just $600 to risk and 2 hours of my time each day to spend anyway as an investment, all for the following realistically possible benefits:

** Potential average earnings of $175 per day in 6 weeks;

** Reasonable long term viability potential; and

** Reasonable scalability, growth and expansion potential ...

-- AND --

As I promised -- Here are the reasons why I decided to do this:

1. Significant numbers of product development groups, vendors and service providers, especially independent and start-up software creators, are starting to accept bitcoins as the only currency that they accept; and

This is because doing this allows them to significantly:

** Lower down processing fees;

** Speed up transaction clearances;

** Reach markets where significant numbers of buyers do not have any other electronic means to pay for products and services online;

** Reduce the risks involved in fraudulent transactions -- These are where buyers file chargebacks and disputes after they get their products and services, and where stolen cards and bank details are used to get their products and services -- Both of which usually result to lost disputes, lost products, chargeback fees and closed merchant accounts / payment gateways for sellers ...

2. Major corporations and financial institutions around the world have also started to accept bitcoins. And, more and more of them, on top of start-ups, independent groups and individual service providers are starting to do so each week ...

3. There are many realistic future beneficial applications for a combination of blockchain technology, big data, a globally accessible ledger and a decentralized financial system not based on trust, especially with the early adaptations of IoT (Internet of Things) products, systems and processes in many industries ...

You're on the wrong end of Bitcoin faucets. You'll get pennies solving captchas, or whatever... Host the faucet.

Claiming there's just 3 ways to get Bitcoin is silly. That's like saying there's only 3 ways to get dollar bills.

You obviously don't have a clue about Bitcoin, especially the part insinuating it's extra money, like it's a paper route. Look at the rolling blockchain, there's millions of dollars worth of Bitcoin transactions happening daily.

So glad other people are interested in Bitcoin!!! I posted myself on the subject a few days ago, inquiring how frequently people are using it, but from the look of this thread it looks like it is a bit of a mix.
There are a few other different ways one can get and use bitcoin. I actually met one guy who was paid exclusively in bitcoin (a freelancer, big surprise). Apparently you can use apps like coinbase to set up a bitcoin wallet and it becomes fairly easy to accept payment that way.
As far as making free bitcoin, I think mining is by far the easiest and most accessible. Individually it can be very difficult. To mine bitcoin seriously, you really need to have a whole server farm and a ton of other hardware to handle all the traffic to make serious money. However, there are online communities where people essentially band their computers together to create a larger force (bitminter.com is a great example of this, and also a forum to discuss all things bitcoin). Of course, you can also earn bitcoin by completing various tasks online, but in that case, I do not see why you wouldn’t just take cash…

Bitcoin on it's own can not make you a lot of money unless you have lots and lots of it. Until then, the fluctuation may get you hypertensive.

Most people i met that do this invest in other platforms and use the funds to buy into other system like mmm that pays 30% or more. Still risky to me since i barely understand how these systems works. No doubt, the early birds are still enjoying the float.

It is very probable that the prices of bitcoin will go up on the long-term.That's because more and more businesses use it.Also,keep in mind that all of the deep web marketplaces use bitcoins.

im hearing from powerful guys, that BITCOIN has a big future.

IN australia we can already go to lots of cafes and buy coffe with bitcoin.

The more I hear about it, the more excited i get. I have $10,000 invested in bitcoin, but something tells me, it should be more. Dunno but. to each and there own.

The next big FB site, is already created, or VR site, we just do not know when they will expose it. So i think of bitcoin like this. SO many opportunities coming in CLOUD, MINING, VR, its crazy. But you have to get the timing right. Is all. :-)