A Biased View of Bitcoin Currency Trading
For some strange reason, people tend to think that because Bitcoin is a new type of currency, there is some magic way you can earn Bitcoins or even earn money from it easily. Im sorry to burst the bubblebut Bitcoin is exactly like any other currency on the market.
While cryptocurrencies in general may hold a few new possibilities for generating income that the basics are the same youll need to invest cash, or money in order to generate money.
Each one of the methods Ill go over are things weve really tested ourselves at 99Bitcoins, so you can rest assured were talking from experience. Lets get started
One of the cheapest, easiest but most time consuming ways to really earn Bitcoin is through micro earnings. This means that youll basically be doing little tasks and earning fractions of a coin to get the period you spend.
Some of the well-known micro earnings sites are Bitcoin faucets sites which you repeatedly visit every couple of minutes in order to claim a very small amount of coins. Faucets are actually a subcategory of PTC sites, PTC meaning Pay to Click. PTC sites will often have you click on an ad or on a button on the site in order to generate money from ad sales.
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From our calculations, if you work non stop at clicking buttons youll average anywhere between 5-40 cents an hour. Not sure thats worth your time or even the power for running your computer.
While participating as a faucet person may not earn you a great deal of money, owning your own faucet is an entire different story. Today, you can construct a cryptocurrency faucet relatively readily and earn money from selling ads on your website.
At 99Bitcoins we have been running our own faucet for almost 3 decades now. Depending on the advertisers youre using and the amount of visitors that you have you can make around $1000/month running a tap.
However, running a faucet takes a reasonable amount of time and effort. Youll need to establish your own website, manage users, prevent fraud and bring some initial capital to fund the faucet when starting out. Heres our beginners guide to running a faucet.
Somewhere around mid-2014, BitcoinTalk, a leading Bitcoin forum, Â started running signature campaigns. Simply put, you could use your BitcoinTalk signature to market a product and get paid for every post you write. The complete collection of campaigns find this can be seen on the forum itself.
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With a signature campaign You get paid according to your membership level on BitcoinTalk. Usually, anyone with a status less than full member wont top article get paid that much, if at all. To become a full member, youll need at least 120 posts under your belt. There are also limitations on posts; such as length, original content, and more. .
From time to time, theres also a minimum post requirement each week. From our experience you can make around $5 an hour depending no just how much you compose and your membership level. This, of course, does not include the number of posts you need to write in order to earn the required membership level on BitcoinTalk. .
One of the quickest, easiest but riskiest ways you can make money with Bitcoin is by trading it on an exchange. Basically youre trying to buy Bitcoin when its price is low and sell it when the cost increases.
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However, trading Bitcoin successfully is not a matter of luck or guesswork. Experienced traders spend a substantial amount of time learning how to trade and how to conquer the many risks involved with trading. Successful traders know they may get rid of money in the short term but they consider it as an investment in their own education, since they're aiming for the long run. .
If you want to be a dealer make certain that you've got sufficient time and capital to invest in great trading education.
One of the most overlooked ways to make money click here for info with Bitcoin is by promoting various affiliate programs. Affiliates are people who market a certain business free of charge but receive a commission if they manage to bring in paying customers.
Many Bitcoin exchanges, goods and services have an affiliate program in which you can enroll. You then get your own unique affiliate link in order to market that product or service.
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Of course there are many ways that you can promote your affiliate link you can discuss it on Facebook, run ad campaigns on different sites or even set up your own information website and boost your links within your content.