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How to Make Money with Bitcoin: Ways to Earn Cryptocurrency
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Topic: How to Make Money with Bitcoin: Ways to Earn Cryptocurrency (Read 127 times)
nhanvan3
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How to Make Money with Bitcoin: Ways to Earn Cryptocurrency
April 09, 2018, 08:42:00 AM
Last edit: April 09, 2018, 10:19:22 AM by nhanvan3
#1
There are a number of ways that individuals can earn Bitcoin online. Unfortunately, just as in real life, there is no such thing as a free lunch. Any way of earning Bitcoin online will require something in exchange, whether it’s your time or your knowledge or your computer’s processing power.
https://cryptocrimson.com/storage/images/posts/1521658556-Bitcoin-Price-Recovers.gif
Some of the methods outlined below will involve minimal effort but will also result in minimal returns. Other means of earning Bitcoin online may be more lucrative but they will require you to have a certain level of knowledge and expertise about the industry and the market. Therefore, although it may appear to some that Bitcoin, and cryptocurrency in general, is an easy way to make money, it is not as easy as some might expect without the requisite knowledge (a principle that can unsurprisingly be applied to any industry).
How to Make Money with Bitcoin
However, should you be interested in earning Bitcoin online it may be worth considering some of the below options, ranging from the least difficult (and least paid!) to the more substantial roles available in the Bitcoin ecosystem.
Bitcoin Mining
https://znews-photo-td.zadn.vn/w480/Uploaded/Aohuouk/2017_11_26/5a1842f5dba1f513008b5783.jpg
Early adherents to the Bitcoin industry have made significant fees through mining Bitcoin. Mining Bitcoin is the process by which new coins are created. Mining is carried out using certain computer programmes and utilises the processing power of the miner’s computer. At its inception, Bitcoin mining was relatively simple and the earliest miners were able to mine thousands and thousands of Bitcoin with limited expenditure.
How to Mine Monero
https://i0.wp.com/2.bp.blogspot.com/-NcSXfFNUyhA/WYToLce7HoI/AAAAAAAAB0o/xu_BR1hoG8UD4vLz3Ax6u6O7qbpKTSXMgCLcBGAs/s640/btc21.jpg?resize=640%2C426&ssl=1
However, at the same time, the value of Bitcoin was nowhere near where it was today and therefore any large profits being made from mining didn’t really begin to happen until a number of years after when the value of Bitcoin began to rise. Nowadays, Bitcoin mining is much harder. Each Bitcoin that is mined requires more processing power and therefore mining Bitcoin now involves significant processing power and can no longer be done without specialized equipment.
INFORMATION:
https://blockonomi.com/how-to-make-money-bitcoin/
In addition, the costs of the electricity used to power this equipment is phenomenal, with Bitcoin mining currently estimating to be using the same power per day as a country the size of Morocco. Because of this, most Bitcoin mining has been taken over by companies who can make profit by scale based on buying large amounts of processing hardware at a discount as well as locating themselves in an area with extremely cheap electricity. For this reason, China is by far the largest Bitcoin mining country (mining over 60% of Bitcoin), followed by Georgia, Sweden and the US.
https://i0.wp.com/2.bp.blogspot.com/-NcSXfFNUyhA/WYToLce7HoI/AAAAAAAAB0o/xu_BR1hoG8UD4vLz3Ax6u6O7qbpKTSXMgCLcBGAs/s640/btc21.jpg?resize=640%2C426&ssl=1/img]If you have a decent graphics card on your computer, there are many other currencies or “alt-coins” you could mine though, take a look at some of our guides:ZCash MiningMonero MiningEthereum MiningDigiByte MiningMusicoin Mining[b]Bitcoin Trading[/b]There is huge potential to make money on trading in Bitcoin, but it takes a level of expertise and knowledge about the market in the same way that trading on any other financial market does. In addition, the cryptocurrency market is extremely volatile and therefore may not suit everybody’s tastes and risk appetite. The first issue with trading is that almost all of the trading exchanges operate through Bitcoin or Ethereum, meaning that if you wish to trade in cryptocurrency and don’t own any, you will probably need to own some (with some exceptions).[img]https://blockonomi-9fcd.kxcdn.com/wp-content/uploads/2017/12/cryptocurrency-exchanges-trading-1024x682.jpg
Websites such as Coinbase or CEX both allow users to purchase cryptocurrency by credit or debit card, or alternatively to purchase via a bank transfer. Once purchased, you can then transfer your Bitcoin to whichever exchange you wish to operate on. If you wish to consider trading, here are some of the options:
Binary Options
https://blockonomi-9fcd.kxcdn.com/wp-content/uploads/2017/12/iq-option-review-2-1024x682.jpg
Binary options (so-called because the only option is to win or to lose) is a trade strategy that allows you to predict if the price of Bitcoin will rise or fall in a certain period of time. If the rise or fall occurs within the set period, you will receive the payout agreed upon when entering into the option. If it does not occur, then you lose your investment.
We recently reviewed IQ Option which is the largest site for trading Binary options.
Bitcoin Lending
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
There are potentially significant earnings to be made in Bitcoin lending, but there is also significant risk. Bitcoin lending tends to operate through intermediary websites such as Bitbond and the concept is as simple as it sounds. You act as a bank, lending your Bitcoin to another person at a certain level of interest. Because the market is unregulated the levels of interest are generally much higher than the standard bank rate meaning that there is a potential for high returns. However, on the flip-side, the unregulated nature of the transaction means that in the event that the borrower does not pay back the Bitcoin to you, there is little recourse available for you to enforce the loan.
BitBond
The volatility and the risk associated with the Bitcoin lending market means that it is probably a market only accessible to very large holders of Bitcoin, due to the level of risk and the potential expense in enforcing a loan if something goes wrong. However, if handled correctly, there is huge potential market in this sector.
Micro Earnings
Although micro-earnings is the easiest method in which to earn Bitcoin, it is also probably the most time consuming of all the methods discussed, especially when taking into consideration the amount of money to be made. Micro earning websites pay you in Bitcoin for completing small tasks. In return you can get a (very) small amount of Bitcoin. The most popular forms of micro earnings are as follows:
Paid-to-Click Websites
http://toppayingsites.net/wp-content/uploads/2016/06/paid-to-click-bitcoin.jpg
As suggested by the name, these websites pay users in Bitcoin for visiting certain websites or viewing certain advertisements. There are many PTC websites that will pay negligible amounts in Bitcoin for clicks and views, with Ads4BTC probably being the most famous and the most popular. This website allows users to choose between viewing ads that are 5 seconds, 10 seconds or 20 seconds, with different fees being awarded for each. Based on the prices offered by Ads4BTC, if you had 20 second ads running for an entire day, you would make less than $10 per day, so this may not be a viable option for most.
Bitcoin Faucets
https://blockonomi-9fcd.kxcdn.com/wp-content/uploads/2018/01/bitcoin-faucets.jpg
A Bitcoin faucet is a type of website that gives away small amounts of Bitcoin to its users, with owners making money by placing ads on their website and pay individuals who visit the ads or complete surveys. This industry amounts of over 50% of the traffic on leading Bitcoin websites today. Faucets let visitors earn a percentage of the Bitcoin that they give away to any visitors that you brought in. This has resulted in users using a Bitcoin faucet rotator that allows users to quickly surf different faucets and earn a commission through rotation links for each faucet visited by you. However, similar to PTC websites, Bitcoin faucets are not a realistic way to earn good money, with even the best faucet rotators being applied still only enabling users to make no more than $1-2 per day.
Micro Jobs
Affiliate Marketing
If you take the writing route for Bitcoin and your blog or website is a success, there is potential to make money through Bitcoin affiliate marketing. This is a form of marketing where you can get paid a certain percentage of commission for every referral that you bring to an existing Bitcoin business. If the business operates an affiliate programme, and your blog is read by enough people who link to the business and purchase the product offered, then the commissions can potentially be unlimited, for minimal outlay other than the drafting of the original blog post.
Source article:
https://blockonomi.com/how-to-make-money-bitcoin/
(How to Make Money with Bitcoin: 10 Ways to Earn Cryptocurrency)
INFORMATION:
https://blockonomi.com/how-to-make-money-bitcoin/
BTCforJoe
Hero Member
Offline
Activity: 882
Merit: 976
Re: How to Make Money with Bitcoin: Ways to Earn Cryptocurrency
April 09, 2018, 08:50:11 AM
#2
This content is plagiarized from BLOCKONOMI. Source article:
https://blockonomi.com/how-to-make-money-bitcoin/
(How to Make Money with Bitcoin: 10 Ways to Earn Cryptocurrency)
The funny thing is that you copied and pasted the different ways out of order, thinking that this would somehow bypass a search filter?
I know this is not a mistake, given your post history. It's complete shit.
By the way, plagiarism is against
the rules
:
Quote
33. Posting plagiarized content is not allowed.[e]
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nhanvan3
(OP)
Newbie
Offline
Activity: 224
Merit: 0
Re: How to Make Money with Bitcoin: Ways to Earn Cryptocurrency
April 09, 2018, 10:15:38 AM
#3
Quote from: BTCforJoe on April 09, 2018, 08:50:11 AM
This content is plagiarized from BLOCKONOMI. Source article:
https://blockonomi.com/how-to-make-money-bitcoin/
(How to Make Money with Bitcoin: 10 Ways to Earn Cryptocurrency)
The funny thing is that you copied and pasted the different ways out of order, thinking that this would somehow bypass a search filter?
I know this is not a mistake, given your post history. It's complete shit.
By the way, plagiarism is against
the rules
:
Quote
33. Posting plagiarized content is not allowed.[e]
Thank you for the reminder. This is the first time I post so will see many errors. I will correct and improve
Jet Cash
Legendary
Offline
Activity: 2744
Merit: 2462
https://JetCash.com
Re: How to Make Money with Bitcoin: Ways to Earn Cryptocurrency
April 09, 2018, 11:33:12 AM
#4
That first post is so large and badly formatted, that I have had to ignore the poster. It must have been about 4 pages long. I noticed it was talking about Bitcoin mining in my first glance, and I don't think that is a topic for beginners these days.
Offgrid campers
allow you to enjoy life and preserve your health and wealth.
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My new Bitcoin transfer address is - bc1q9gtz8e40en6glgxwk4eujuau2fk5wxrprs6fys
ClearAid
Newbie
Offline
Activity: 42
Merit: 0
Re: How to Make Money with Bitcoin: Ways to Earn Cryptocurrency
April 09, 2018, 01:17:14 PM
#5
I have heard that most of Binary Options platforms are manipulating with time and price.
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