Lmoney33
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Can I make money through Bitcoin or is it a scam?

Fri Mar 09, 2018 10:26 pm

Hi I’m very new to this having only just heard about Bitcoin today. Is it true/likely that I could make a significant amount of money by investing a small amount of money in bitcoin? If so, how can I do this in a legit way without getting scammed?
I came across an article on Facebook about a woman who made thousands after investing around $200 and this got my interest and of course I’d love to be able to do the same. Is this how bitcoin works or is this probably a scam or very unlikely/uncommon? Apparently this woman invested the minimum amount and then did nothing and the amount she invested increased significantly by itself and she became a millionaire.

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MintDice
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Re: Can I make money through Bitcoin or is it a scam?

Sat Mar 10, 2018 5:44 am

It depends on what kind of bitcoin strategy you implement. You can buy some btc now and hold and look at it as a long-term investment, you can participate in mining operations, you can try your hand at day trading. There are many avenues for making profit, it really depends on your personality and available resources. It's not a scam, that's for sure. The link below goes over different ways to make money through bitcoin, check it out...


http://bit.ly/2oYmfd8

Good Luck!

kirillox
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Re: Can I make money through Bitcoin or is it a scam?

Sun Mar 11, 2018 10:12 pm

Try Asictrader too

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SniperTradeSignals
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Re: Can I make money through Bitcoin or is it a scam?

Sat Mar 24, 2018 4:40 pm

Dear Lmoney33,

You can make money through Bitcoin but that also means you can LOSE money through bitcoin. Trading is a zero sum game and everytime you gain, someone loses and vice versa. There are few ways you can earn money from Bitcoin or Cryptocurrency in general. You can either be a long term investor, meaning buying bitcoin/crypto and holding it for longer periods (Months-years) or you can trade bitcoin in shorter timeframes (From seconds to weeks). My advice to you is to do the following:

- Research on what Cryptocurrency is about and why Bitcoin started (Loads of information on the web and youtube)
- Research on basic investment/trading knowledge. Find out the difference between investing/trading
- Check out https://www.babypips.com/ for an introduction to technical analysis (If you want to swing trade/day trade)

Also do take note and do not fall to many crypto scams out there telling you that you can make a fortune in a short period as this is too good to be true. Remember that making gains be it a long term investor or trader requires research and due diligence.

After you have done your basic research, you might want to check out https://telegram.me/snipertradesignals a channel we're running to assist investors and traders with market intelligence and cryptocurrency news updates.

Goodluck in your crypto journey!

Best Wishes,
SniperTrade Team
https://telegram.me/snipertradesignals

itarachiu
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Re: Can I make money through Bitcoin or is it a scam?

Sat Mar 24, 2018 5:13 pm

Well be carefully only people that know how to profit make real money, I have a friend which bought almost one bitcoin when the price was almost 15k and now is 9k almost so he lost something. Like I said make more research before you invest, it's kind of lottery this bitcoin thing.

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Re: Can I make money through Bitcoin or is it a scam?

Tue Mar 27, 2018 7:29 am

Bitcoin is a highly speculative product. Bitcoin is not regulated, so you can fall on platforms that allow you to invest that are not reliable. As rightly pointed by members above, patience and practice is the key to making money when it comes to Bitcoin. If today the market is not regulated, it could well be in the years to come.
Good Luck :)

hodler
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Re: Can I make money through Bitcoin or is it a scam?

Tue Mar 27, 2018 12:04 pm

It’s not scam, at least I don't think it is. But yes, such situation is uncommon.
To get really great profit with a small initial budget you need to have a good strategy and luck. Maybe, that woman invested when btc wasn’t popular and expensive yet. Sure, you can buy at the dip and wait until bitcoin's price will rise up, but there is no guarantee you can make millions, profit will depend on the market situation.

CryptoGeeks
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Re: Can I make money through Bitcoin or is it a scam?

Thu Mar 29, 2018 12:05 pm

I'm new to the Bitcoin game in general, but USI-Tech is so blatantly a Ponzi sceme it isn't even funny. The entire Crypto landscape seems to be the Wild Wild West at this point and EVERYTHING has a substantial risk factor involved, but USI is doing a good job leading the pack from what I am seeing.

I've watched a ton of videos on the topic and the only people who provide impartial / objective feedback have no skin in the game (rightfully so). Everyone else comes off as an over enthusiastic douche bag that GUARANTEES you can't lose.

There needs to be some accountability... I'm thinking about making a website and finding a way to identify / tracking everyone I come across promising schemes like these work. When the Ponzi crashes, the site will automatically release their home addresses or something, so anyone they convinced to "join their team" can show up at their doorstep for justice.

I'd feel like the scum of the earth if I got friends and family involved and the ended up losing their money because of me...How can someone be ok with that?
Information from that resource.Regards Crypto!

geoffreycelen
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Re: Can I make money through Bitcoin or is it a scam?

Tue Apr 03, 2018 8:19 am

Yes, of course, go ahead!!! Bitcoin is not a scam.

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Re: Can I make money through Bitcoin or is it a scam?

Wed Apr 04, 2018 8:17 am

Yes, you can make money through Bitcoin but you can lose money also if you don't understand about Bitcoin and Cryptocurrency.

Erica_wil88
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Re: Can I make money through Bitcoin or is it a scam?

Wed Apr 11, 2018 2:49 pm

It's not a scam but people use the name to front a scam though. Bitcoin is legit provided you are channeled to the correct platform. There are a lot of great topics here that should help you well enough not to fall prey to scammers.

axicron
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Re: Can I make money through Bitcoin or is it a scam?

Wed Apr 11, 2018 9:00 pm

For now, there is almost no chance to make huge multipliers with Bitcoin, but you can consider some altcoins to invest - there can be sleeping giants as BTC was few years ago. And if you want to deal exactly with Bitcoin, the fastest way to make money with it is playing in bitcoin casino, but it's obviously risky, even though it can bring you a fortune in an hour. :)

BitsMen
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Re: Can I make money through Bitcoin or is it a scam?

Thu Apr 12, 2018 11:23 am

IMHO you can invest only money that you are ready to lose. this market is very unstable now.
but i'm thinking of buying some as a long-term investment and i understand that it can dissappear one day. so, no expectations

theSHud
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Re: Can I make money through Bitcoin or is it a scam?

Tue May 01, 2018 2:11 pm

Its not a scam and without doubt money can be made. What I would say though is RESEARCH RESEARCH RESEARCH. Make sure you don't just invest any amount of money at the wrong time and only buy as much as you feel comfortable with. I think before you start you should get an idea of the market. Also, if you don't like financial risks and are scared of instability, it might not be the right investment for you. Make sure you know what you are doing before you do it.

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Yogay
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Re: Can I make money through Bitcoin or is it a scam?

Mon May 28, 2018 2:54 pm

Yes. You can make money through cryptocurrency and Bitcoin. But it is huge gamble. And gambles don't always pay off. Study the fundamentals and dynamics of how the cryptocurrency works before investing in it. How much time it took you understand cryptocurrency.

geoffreycelen
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Re: Can I make money through Bitcoin or is it a scam?

Fri Jun 01, 2018 8:12 am

NO bitcoin is not a scam! It is the first ever launched cryptocurrency.

Ronald S
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Donate BTC of your choice to 3D88DkB5nbgoxN4NN5THwMKQqZvs1H6neP

Re: Can I make money through Bitcoin or is it a scam?

Fri Jun 01, 2018 1:22 pm

Bitcoin is not a scam but it is not regulated too. You should money in bitcoin after some research and do not fall in scam bitcoin investment sites. Always join reliable site also you can buy some tokens like WRC when the price is low and they can sell them when a price is high and make a profit.

https://worldcore.com/

jitenrajput
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Re: Can I make money through Bitcoin or is it a scam?

Wed Jun 13, 2018 6:47 am

Bitcoin isn't a scam. Neither the means to earn money. The bitcoin market is highly volatile. If you do not understand the concepts and strategies, you are likely to lose money. The woman you read about on Facebook might have invested in an early stage when the price was low. Then in December 2017, the price shot up and many holders became millionaires. It does not necessarily happen with you. Also, it may not happen with that woman again.

One thing you should keep in mind while trading/investing in bitcoin, "Buy low, Sell high". If the price drops below the buy price, hold it. Do not sell in loss. It will come up sooner. Don't be too greedy, set your entry and exit points.
Cryptography & Bitcoin Consultant @ encrybit.io
Encrybit║Upcoming ICO║ ▰ ▰http://encrybit.io/ ▰ ▰

Dalmatan
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Re: Can I make money through Bitcoin or is it a scam?

Wed Jun 13, 2018 9:53 am

Market is fresh and it needs time to dethronize BTC. However, crypto market needs projects of alt coins with rock stable rate of exchange independent from BitCoin. That's because investors are worried to put their money in something very volatile like today's cryptocurrencies. Solution may be Nebula Network - it's decentralized storage cloud with emission mechanism tied to the supply. Thanks to solid backing it's rock stable. BTC has no future in mainstream.

Matthew_Jones
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Re: Can I make money through Bitcoin or is it a scam?

Mon Jun 18, 2018 12:06 am

At any convenient time, there are many opportunities for earning money on this business. I agree that it is necessary to observe the altcoin projects, but the basis of earnings is still operations with Bitcoin.

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