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 magical way you can earn Bitcoins or make money from it easily. Im sorry to burst the bubble, but Bitcoin is exactly like any other currency on the market.
While cryptocurrencies in general may hold a few new possibilities for generating income the fundamentals are the same youll need to invest time, or money in order to make money.
Each one the methods Ill go over are things weve really tested ourselves here at 99Bitcoins, so you can rest assured were talking out of experience. Lets get started
One of the most affordable, easiest but also most time consuming tactics to really earn Bitcoin is through micro earnings. This means that youll essentially be doing small tasks and earning fractions of a coin for the period you spend.
A number of the well-known micro earnings websites are Bitcoin faucets sites which you repeatedly go to every few minutes in order to maintain a tiny amount of coins. Faucets are in fact a subcategory of all PTC websites, PTC meaning Pay to Click. PTC websites will often have you click on an advertisement or on a button on the site in order to make 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 tap user may not earn you a great deal of money, owning your own faucet is a whole different story. Now, you can construct a cryptocurrency faucet relatively easily and earn money from selling ads on your website.
At 99Bitcoins we've been running our own faucet for just about 3 years now. Depending on the advertisers youre using and the amount of traffic you have you can make around $1000/month running a tap.
However, running a faucet requires a reasonable amount of time and energy. Youll need to establish your own website, manage customers, 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 each post you write. The whole collection of campaigns can be seen on the forum .
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With a signature campaign You get paid according to your membership degree on BitcoinTalk. Typically, anyone using a standing less than complete member wont get paid that much, in the end. To become a full member, youll need at least 120 articles under your belt. There are also limitations on posts; for example length, original content, and more. .
Sometimes, theres also a minimum post requirement each week. From our experience you can make up to $5 an hour depending no how much you compose and your membership level. This, clearly, does not include the number of articles you need to write in order to earn the mandatory membership amount on BitcoinTalk. .
One of the quickest, easiest but riskiest ways you can make money with Bitcoin is by trading it on an exchange. Fundamentally 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 the way to conquer the many dangers involved in trading. Successful traders know they may lose money in the brief term but they look at it as an investment in their education, since they are aiming for the long term. .
If you want to become a dealer be certain that you've got sufficient time and funds to invest in good trading education.
One of the most overlooked methods to earn money with Bitcoin is by promoting various affiliate programs. Affiliates are people who promote a certain business free of charge but get a commission if they manage to bring in paying customers.
Many Bitcoin exchanges, products and services 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 promote your affiliate link you can discuss it their explanation on Facebook, run ad campaigns on different websites or even set up your own information website and boost your links within the content.