The Definitive Guide for Bitcoin Currency Trading

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For some strange reason, people tend to think that because Bitcoin is a new type of currency, there's some magical way you can earn Bitcoins or even earn money from it readily. Im sorry to burst this bubble, but Bitcoin is just like any other currency on the market.

While cryptocurrencies in general may hold some new possibilities for generating income the basics are the same youll need to invest cash, or money in order to make money.

All of the approaches Ill go over are things weve really tested ourselves at 99Bitcoins, so that you can rest assured were talking from experience. Lets get started

One of the cheapest, easiest but most time consuming tactics to actually earn Bitcoin is via micro earnings. This means that youll essentially be doing little tasks and earning fractions of a coin for your time you spend.

Some of the more well-known micro earnings sites are Bitcoin taps websites that you repeatedly visit every few minutes in order to maintain a tiny amount of coins. Faucets are actually a subcategory of all PTC sites, PTC meaning Pay to Click. PTC sites will usually have you click on an ad or on a button on the website in order to make 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 electricity for running your PC.

While participating as a tap user 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 site.

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 requires 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,  started running signature campaigns. In other words, you could use your BitcoinTalk signature to market a product and get paid for each post you write. The complete list of campaigns can be seen on the forum .

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Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Typically, anyone with a standing less than full member wont get paid that much, in the end. To be a complete member, youll need at least 120 posts under your belt. Additionally, there are limitations on articles; for example 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 how much you write and your membership level. This, of course, does not include the number of posts you need to write in order to earn the mandatory membership amount on BitcoinTalk. .

One of the fastest, 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 cost rises.

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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 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 education, since they are aiming for the long term. .

If you want to become a trader make sure you've got the time and funds to invest in great trading education.

One of the most overlooked methods to earn money with Bitcoin is by promoting 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, 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 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 see here or even create your own information site and boost your links within the content.

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