The Only Guide to Bitcoin Currency Trading
For some strange reason, people tend to think that since Bitcoin is a new form of currency, there's some magical way you can earn Bitcoins or make money from it easily. Im sorry to burst the bubblebut Bitcoin is just like any other currency on the market.
While cryptocurrencies in general might hold some new possibilities for generating income the fundamentals are the same youll need to invest cash, or money in order to make money.
All the approaches Ill go over are things weve actually tested ourselves here at 99Bitcoins, which means that you can rest assured were talking from experience. Lets get started
One of the cheapest, easiest but also most time consuming ways to actually earn Bitcoin is via micro earnings. This means that youll basically be doing little tasks and earning fractions of a coin for the period you spend.
A number of the more well-known micro earnings sites are Bitcoin taps websites that you repeatedly go to every couple of minutes in order to maintain a tiny amount of coins. Faucets are in fact a subcategory of PTC websites, PTC meaning Pay . PTC websites will often have you click on an advertisement or on a button on the site in order to generate money from ad sales.
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From our calculations, if you operate 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 user may not earn you a lot of money, owning your own faucet is an entire different story. Today, you can build a cryptocurrency faucet relatively readily and earn money from selling ads on your site.
At 99Bitcoins we have been running our own faucet for almost 3 years now. Depending on the advertisers youre using and the amount of visitors you have you can make around $1000/month running a tap.
But, running a faucet requires a reasonable amount of time and effort. Youll need to set up your own site, manage users, prevent fraud and also 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 began running signature campaigns. Simply put, you could use your BitcoinTalk signature to market a product and get paid for every post you write. The whole collection of campaigns can be seen on the discussion .
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With a signature campaign You get paid according to your membership level on BitcoinTalk. Typically, anyone with a standing less than complete member wont get paid that much, in the end. To become a complete member, youll need at least 120 posts under your belt. Additionally, there are limitations on articles; for example length, original content, and much more. .
From time to time, theres also a minimum post requirement per week. From our experience you can make around $5 an hour depending no just how much you write and your membership level. This, clearly, does not include the number of posts you need to compose in order to earn the mandatory membership level on BitcoinTalk. .
One of the fastest, easiest but also 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 reduced and sell it when the price increases.
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But, trading Bitcoin successfully is not a matter of luck or guesswork. Profitable traders spend a substantial amount of time learning how to exchange and how to conquer the many risks involved in trading. Successful traders know they may lose money in the brief term but they look at it as an investment in their own education, since they are aiming for the long run. .
If you want to become a dealer make sure you've got the time and funds to invest in good trading education.
One of the most overlooked ways to earn money with Bitcoin is by promoting through various affiliate programs. Affiliates are individuals who promote a certain business free of charge but receive a commission if they manage to bring in paying customers.
Many Bitcoin exchanges, goods and providers have an affiliate program in which you can enroll. You then get your own unique affiliate link in order to promote that service or product.
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Of course there are many ways you can market your affiliate link you can find out share it on Facebook, run advertising campaigns on different sites or even set up your own information site and promote your links within the content.