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[Hades]

Stating that Bitcoins are not real money is utterly wrong. Bitcoin is just a digital currency: saying it doesn't have any economical value would be like saying USD or EU don't.
I think the best way to explain what Bitcoin is would be to list its main differences from common currencies, it will probably give you a better idea of what you're dealing with:

• How they are spent: Bitcoin is a digital currency, so it can only be used online (they tried to make a physical Bitcoin some years ago, somewhat similar to a credit card, in the US, but the government had to shut it down). Also, being a currency, it means you can trade your Bitcoins for USD, EU or any other currency to spend them anywhere. There are no restrictions.
  
• How your money is stored: You don't have any physical coins nor bills, you've just got a number displaying how much cash you have, and that number is tied to your online wallet, which is basically the same thing as a bank account number. This is the reason why you're not applied any deposit fees.
  Also, this wallet can only be seen by you, as it's not tied to any number. Bitcoin addresses are numbers tied to specific transactions, and not to the wallet itself. This makes them safer, but also easier to lose, so always pay attention to that.
• How transactions are handled: As opposed to the way transactions with common currencies are handled, Bitcoin transactions are de-centralized: this means there isn't a central corporation which stores all the money and then transfers it from seller to buyer, but they're always handled by different people (better defined as mining nodes). Transactions are put together in blocks and computed by a different hardware everytime: also, since every transaction is tied to a different address, and all addresses are not bound to any wallet (or even name), tracking down people is practically impossible.
  This has also other advantages, aside from safety, like delivery celerity (it takes around 10 minutes to receive Bitcoins after they are sent) and ridicously low transaction fees (their value floats around 0.0005-0.05 BTC, but sometimes you may even be charged nothing).
• How many BTC there are: With common currencies, money is constantly being printed and placed on the market. This is not the case for Bitcoins. There's a limited amount of how many Bitcoins can be produced (20,999,839.77085749 BTC, for the sake of accuracy), and mining (which is the process of computing and registering blocks) will stop generating any more of them once we hit that border (15,282,400 as of today; you can check the live number at Blockchain). However, this is not happening anytime soon: the more Bitcoins there are around, the less BTC you are rewarded to get and compute a block, and the estimated year in which the last block will be generated is 2140, so you probably won't have to worry about it.
  This is crucial to determine the value of a BTC: as time passes, there will be less and less Bitcoins in the market (supply will decrease), meaning their value will increase (demand will increase). Of course, this is true as long as we assume that Bitcoin will keep going as strong as they currently are, and there's no telling how it will go.

 

[castbound castboundoski]

You can use faucethub instant paying faucets for trust but trading is good to continuously make profit-rely on long term to double your bitcoin as short term trading can give you loss ,take advantage by investing in bitcoin cloud mining and bitcoin gambling will be the best ;thanx !!.

Bitcoin cloud mining yes, but bitcoin gambling isn't the best recommendation. Its a gamble and there is a chance in losing the gamble. Cloud mining is risky as well depending on the price but its much more reliable than gambling because in gambling the house always wins

 

[tusziget]

You can use faucethub instant paying faucets for trust but trading is good to continuously make profit-rely on long term to double your bitcoin as short term trading can give you loss ,take advantage by investing in bitcoin cloud mining and bitcoin gambling will be the best ;thanx !!.

Yes,there are so many things you can do with your Bitcoins.It depends on everybody's ability and skills,how he can multiply this cryptocurrency.It depends also on,how much risks he wants to take doing it by trading them,playing them in online casinos.These things to do are like lottery:maybe you get lucky.

 

[Jamesblogger]

I have dabbled with Bitcoin, but not really been able to make any money with it.

I am weary as a lot of these so called investment sites appear to be a scam with reports saying they don't payout.

Is there a way to make decent money with it?

Just be careful on those sites that is too good to be true. Some of the basic things to consider is that it must not give very high return of investment. It must have a business model that they will use your money for further investments and that they will make money from it. They shouldn't be just giving commissions from new members investments.

 

[HJVC Notes]

Ways To Earn Free Bitcoin Legally:

1. Bitcoin paid to click sites. There are more than 100 of them to choose. Ex. BTCClicks
2. Bitcoin faucet sites. There are more than 1000 of them to choose. Ex. FreeBitcoin
3. Bitcoin faucet mobile games. There are more than 10 of them to choose. Ex. Bitcoin Game Apps
4. Bitcoin banner publisher. There are more than 10 of them to choose. Ex. Mellow Ads
5. Bitcoin url shortener. There are more than 10 of them to choose. Ex. CoinURL

Ways to Earn Bitcoin With Investment Legally:
1. Bitcoin lending. There are more than 10 of them to choose. Ex. BitBond
2. Bitcoin mining. There are more than 100 of them to choose. Ex. Genesis Mining
3. Bitcoin trading. There are more than 100 of them to choose. Ex. Etoro

 

[overcast]

You can easily earn from faucets, but it takes times. You can also use trading platform buy low sell high strategy. Then investment but better check its reputation. You will not be scam.

It used to be easy in past. now not so much. now even earning 100 satoshi takes time. and some of the faucets are runnign coinhive sfcripts. so that can be draining a lot of CPU and resources. so we have to learn about it and do as much as we can. i guess there are some other sites where you may earn for providing the services. and that is why some of the things thaat we have to cosnider as well.

 

[kformaran]

You can make decent money by investing in mining hardware yourself or buy mining pool.

I would recommend this if you have the money to invest, because you have nothing to lose here. If your in a place where electricity is very high cost, wouldn't recommend it. Its a passive income where you can do nothing and earn money, but of course you really need to invest to earn something

 

[kervy14]

Start with bitcoin wallet sites which are mostly free. Then you can try bitcoin faucet sites that give free satoshis(the smallest part of bitcoin, 1 sat = 0.00000001 BTC) even those satoshis are real money. If you have a capital, you can buy and sell bitcoin or buy bitcoin and invest. Be careful in choosing sites because there are people out there that take advantage to newbies who has money.

 

[way2earning]

I make Bitcoins from ad networks which is absolutely safe.

 

[cryptofly]

I have dabbled with Bitcoin, but not really been able to make any money with it.

I am weary as a lot of these so called investment sites appear to be a scam with reports saying they don't payout.

Is there a way to make decent money with it?

Get Bitcoins is easy if you have money to buy - (fiat to bitcoin/altcoins). Get bitcoins or any other altcoin without fiat money involved is easy, with not risk, but consumes allot of time (faucets, addclick sites, blogs). Now, make bitcoins with bitcoins or any other altcoin, this is where you will find risk and difficulties. (hyips, icos, mining sites, trades). The most secure way is to learn to trade, the exchange sites but you have to "invest" time in learning.

 

[Medowriter]

Stating that Bitcoins are not real money is utterly wrong. Bitcoin is just a digital currency: saying it doesn't have any economical value would be like saying USD or EU don't.
I think the best way to explain what Bitcoin is would be to list its main differences from common currencies, it will probably give you a better idea of what you're dealing with:

• How they are spent: Bitcoin is a digital currency, so it can only be used online (they tried to make a physical Bitcoin some years ago, somewhat similar to a credit card, in the US, but the government had to shut it down). Also, being a currency, it means you can trade your Bitcoins for USD, EU or any other currency to spend them anywhere. There are no restrictions.
  
• How your money is stored: You don't have any physical coins nor bills, you've just got a number displaying how much cash you have, and that number is tied to your online wallet, which is basically the same thing as a bank account number. This is the reason why you're not applied any deposit fees.
  Also, this wallet can only be seen by you, as it's not tied to any number. Bitcoin addresses are numbers tied to specific transactions, and not to the wallet itself. This makes them safer, but also easier to lose, so always pay attention to that.
• How transactions are handled: As opposed to the way transactions with common currencies are handled, Bitcoin transactions are de-centralized: this means there isn't a central corporation which stores all the money and then transfers it from seller to buyer, but they're always handled by different people (better defined as mining nodes). Transactions are put together in blocks and computed by a different hardware everytime: also, since every transaction is tied to a different address, and all addresses are not bound to any wallet (or even name), tracking down people is practically impossible.
  This has also other advantages, aside from safety, like delivery celerity (it takes around 10 minutes to receive Bitcoins after they are sent) and ridicously low transaction fees (their value floats around 0.0005-0.05 BTC, but sometimes you may even be charged nothing).
• How many BTC there are: With common currencies, money is constantly being printed and placed on the market. This is not the case for Bitcoins. There's a limited amount of how many Bitcoins can be produced (20,999,839.77085749 BTC, for the sake of accuracy), and mining (which is the process of computing and registering blocks) will stop generating any more of them once we hit that border (15,282,400 as of today; you can check the live number at Blockchain). However, this is not happening anytime soon: the more Bitcoins there are around, the less BTC you are rewarded to get and compute a block, and the estimated year in which the last block will be generated is 2140, so you probably won't have to worry about it.
  This is crucial to determine the value of a BTC: as time passes, there will be less and less Bitcoins in the market (supply will decrease), meaning their value will increase (demand will increase). Of course, this is true as long as we assume that Bitcoin will keep going as strong as they currently are, and there's no telling how it will go.

You have said almost everything my friend, bitcoin is not a physical money yet but can be use for online transactions and the reason why government of US had to stop was that once it is in physical form and accepted globally there are chances that paper money will loose it value.

 

[tusziget]

Ways To Earn Free Bitcoin Legally:

1. Bitcoin paid to click sites. There are more than 100 of them to choose. Ex. BTCClicks
2. Bitcoin faucet sites. There are more than 1000 of them to choose. Ex. FreeBitcoin
3. Bitcoin faucet mobile games. There are more than 10 of them to choose. Ex. Bitcoin Game Apps
4. Bitcoin banner publisher. There are more than 10 of them to choose. Ex. Mellow Ads
5. Bitcoin url shortener. There are more than 10 of them to choose. Ex. CoinURL

Ways to Earn Bitcoin With Investment Legally:
1. Bitcoin lending. There are more than 10 of them to choose. Ex. BitBond
2. Bitcoin mining. There are more than 100 of them to choose. Ex. Genesis Mining
3. Bitcoin trading. There are more than 100 of them to choose. Ex. Etoro

These are indeed very good sites,from where you can earn Bitcoins.I am sometimes active on Btcclicks,it is a good regularly paying site,for a long time.I didn't tried out the mining,but I have heard about Genesis mining.In trading I have no experience at all,so I do not intend to try it out,especially,that nowadays the price of the Bitcoin is so high.It is too risky trading them.

 

[tusziget]

Claim from many faucets like:

100 satoshi per 5 mins = 50 k satoshi thresold
https://faucetpig.com?ref=kbsantos09

free 50 spins after you sign up and start earning. you can mine to get more "spins"
0.01 satoshi thresold
http://btcheat.com/?i=44245

******************************************************
COINPOT HIGH PAYING FAUCETS

claim every 15 mins (edit the >claimed settings >put a check on " average claim"
http://bonusbitcoin.co/?ref=D4C7D998EA0A

claim every 3 mins (while you're away the claim get higher and higher)
http://bitfun.co/?ref=63DCF0F65B6E


BTC

mining faucets
BITCOIN
http://moonbit.co.in/?ref=4e2021878d9a
LITECOIN
http://moonliteco.in/?ref=c1a7d6992ae4
DOGECOIN
http://moondoge.co.in/?ref=11fcb15ec719

required wallet: coinpot.co (same email address for each of one faucets)

There is quite a list of faucets here.Although the firsts on your llst:faucetpig and btcheat have been said sites,that cannot be trusted.Yes,at the start ,faucetpig was paying,members from here have posted even payment proofs,but that was just at the start.Better stick with the famous ones:Freebitcoin,Btcclicks,which are paying for a long time.

 

[xander2015]

Find a site relating to bitcoin and to earn money with bitcoin is to buy/invest(low value), wait and sell it(amount increase) something like trading.

 

[tusziget]

Find a site relating to bitcoin and to earn money with bitcoin is to buy/invest(low value), wait and sell it(amount increase) something like trading.

I think,that everybody,who had or has to do with Bitcoin,knows,that trading it is one method to multiply your Bitcoins.But I think,that not everybody wants to risk his Bitcoins by trading them.I think he was asking for a more secure method,how to make money with Bitcoin.

 

[reighn]

Well, bitcoins are money, they're just an online currency, so you can use them right away. However, I suppose you're asking for a way to earn bitcoins and convert them into common currencies (USD, EU, etc.), so let's get started.

So, first things first: how do we get some bitcoins? Let's review our options:

• Buy them: This is the obvious choice, but I think it kind of defeats the purpose of this thread: sure, you can invest some money in trading, but that's something you can do with any currency, not just bitcoins. Still, if you're willing to take the risk, give it a go. Want a few names? Try Cubits (Europe, but should work in US too) or CoinBase (US only).
• Mining: This is how bitcoins started to spread, in the first place. To get how this works, we should first understand how bitcoin transactions work. (I'll write it a little to the side, so you can quickly skip it if you want to get straight to the point; just know CoinDesk has all the documentation you need to set up a mining hardware, and yyou can learn more at Bitcoin's wiki)
  • Basically, transitions are all recorded and bundled together in blocks, which are computed by a dedicated hardware, called mining node. Now, after a block is created, the next one will be computed by another node, which is chosen by resolving a certain mathematical problem, generated by each block. Once a node finds the solution, it computes the block, and the chain continues. Everytime a node gets chosen, it gets rewarded with a certain amount of bitcoins (it's currently 25 bitcoins). This is what makes bitcoin transactions work.
• So, if you have some dedicated hardware (we're talking about pretty powerful machines, though, a good rig could even cost around 800$), mining can be pretty rewarding; however, as you can imagine, there are lots of other machines trying to get the next block at the same time, so getting one could take a lot of time (it's mostly a matter of luck). This is why some miners group together, in order to have higher chances to get a block (and also reduce power requirements), and later split the earnings: this is called a mining pool. If you want to get started, this is probably your best bet (you'll get several small rewards, rather than a few, big rewards). You can try MultiPool, Give Me COINS (they work for both US and Europe) or BCMonster (US only).
• Sell services: If you own an online activity, you can also accept Bitcoins as payment. There are various softwares you can use to implement this (Cubits, BitMerch, BitPay, CoinCorner, just to name a few).
• Free bitcoins: Some websites give away small fractions of bitcoins for free (they're called faucets), like Dailybitpoints (they have hourly prizes), BitcoinGet (watch videos and ads, usual job) or QoinPro. CryptocoinFountains has a list of other useful websites.
  Also, some survey/tasks sites will pay you in bitcoins, like PrizeRebel, Gifthulk and UltimateGPT.

Now, before gaining bitcoins, we'll need a place to store them it. They're called wallets. You can use desktop wallets, by downloading a client (Multibit works on every platform, or you can also try Armory if you want some more security), mobile wallets (try out Bitcoin wallet or Blockchain) or online wallets (Coinbase and Cubits both have one, just as Blockchain).

Finally, let's get to the interesting part: how can we gain profit from them? We have two options here:

• Trading exchanges: This has been suggested before, and it's fundamentally an investment. You convert a certain amount of money to Bitcoin, and then, when its value raises, you convert it back to its original currency to get even more money. It's risky, of course, and you'll have to constantly follow the USD/BTC rate (or any other currency/BTC rate, really), but it can be quite rewarding. You can check it out daily at CoinDesk (for instance, today's USD/BTC rate has lowered by -1.09%). However, the BTC value is really floaty, so it's almost always going to be a high risk-high reward situation. Play your cards well.
  Still, that's not the only way you can use exchanges. You can just convert the bitcoins you have earned in your currency, to use it in any normal card. You can still use the websites I mentioned earlier (Coinbase and Cubits) to sell bitcoins, but you can also try LocalBitCoints (US only) or Bitbargain (UK, but works for all of Europe).
• Just use them: Well, after all, as I said at the beginning, bitcoins are money, right? So you can just use them right away, if they're accepted. They have a lot of advantages over normal transitions (they are charged lower fees due to the way transitions are handled, we're talking less than 0.001 BTC here, and they're also almost instantaneous), and they're getting more and more widely spread, so keep an eye on it.

thank you for this information, now I know where to get some bitcoin for free, and there's a lot of site to get free bitcoin. it helps a lot.

 

[reighn]

all I know about that right now is to keep it to coins.ph and convert it to currency and use it, but I don't have enough bitcoins right now, I'm just new in this environment, I don't know yet about the investing. that's why I'm very thankful to this site and forum. I learned a lot.

 

[tusziget]

all I know about that right now is to keep it to coins.ph and convert it to currency and use it, but I don't have enough bitcoins right now, I'm just new in this environment, I don't know yet about the investing. that's why I'm very thankful to this site and forum. I learned a lot.

It doesn't matter if you are new to this industry,important thing is that you are interested in,you know what cryptocurrencies are all about,and I think what is most important of all this to start collecting as much Bitcoins as possible and gain profit from them.

 

[reighn]

It doesn't matter if you are new to this industry,important thing is that you are interested in,you know what cryptocurrencies are all about,and I think what is most important of all this to start collecting as much Bitcoins as possible and gain profit from them.

You're right, actually my plan is until I'm not yet sure about how to invest my bitcoin, I'm will just keep it to my wallet and I'm not even convert it to our currency until I don't need it. ah sir, is blockchain.info is safe? and are they accepting dogecoins? or I need to convert it first? thanks.

 

[Lovely]

I think making money with Bitcoin entails trading,investing claiming and changing it into another form of money for personal use.For me now I do more of claiming to exchange for other form of money but I'm also contemplating investing it to make more money.

 

[mayenz]

I recommend faucets but though now days it is slow as btc price has gone up