An Unbiased View of Bitcoin Currency Trading
For some strange reason, people tend to think that since Bitcoin is a new form of currency, there's some magic way you can earn Bitcoins or even make money from it readily. Im sorry to burst the bubble, but Bitcoin is just like any other currency on the market.
While cryptocurrencies in general may hold a few new possibilities for generating income the basics are the exact same youll need to invest cash, or money in order to make money.
Each one the methods Ill go over are things weve really tested ourselves here at 99Bitcoins, which means 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 via micro earnings. This means that youll basically be doing little jobs and earning fractions of a coin for the period you spend.
Some of the more well-known micro earnings websites are Bitcoin taps websites that you repeatedly visit every few minutes in order to claim a tiny amount of coins. Faucets are actually a subcategory of all PTC sites, PTC meaning Pay . PTC websites will usually have you click on an advertisement or on a button on the site in order to generate money from advertisement 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 user might not earn you a great deal of money, owning your own faucet is a whole different story. Today, you can build 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 years now. Depending on the advertisers youre using and the amount of traffic that you have you can make up to $1000/month running a faucet.
However, running a faucet takes a reasonable amount of time and energy. Youll need to establish your own site, 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. In other words, you can use your BitcoinTalk signature to market a product and get paid for each post you write. The complete collection of campaigns can be seen on the forum .
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Having a signature campaign You get paid according to your membership level on BitcoinTalk. Usually, anyone using a status less than full member wont get paid that her latest blog much, if at all. To become a full member, youll need at least 120 articles under your belt. There are also limitations on articles; for example length, original content, and much more. .
From time to time, theres also a minimum post requirement each week. From our experience you can make up to $5 an hour depending no how much you write and your membership level. This, of course, does not include the number of dig this posts you need to write in order to earn the mandatory membership level on BitcoinTalk. .
One of the quickest, easiest but riskiest ways that you can earn money with Bitcoin is by trading it on an exchange. Basically youre trying to get Bitcoin when its cost is reduced and sell it when the price rises.
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But, trading Bitcoin successfully is not a matter of luck or guesswork. Experienced traders spend a substantial amount of time learning how to exchange and how to conquer the many dangers involved with trading. Successful traders know they might lose money in the short term but they consider it as an investment in their own education, since they are aiming for the long run. .
If you want to become a dealer be sure you've got the time and funds to invest in good trading education.
One of the most overlooked methods to earn money with Bitcoin is by promoting through various affiliate programs. Affiliates are individuals who promote a certain business for free 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 promote that product or service.
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Naturally there are many ways that you can market your affiliate link you can share it this contact form on Facebook, run advertising campaigns on different sites or even set up your own information website and promote your links within your content.