The Ultimate Guide To 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 make money from it easily. Im sorry to burst the bubble, but Bitcoin is exactly like any other currency on the market.

Even though cryptocurrencies in general may hold some new possibilities for generating income the fundamentals are the same youll need to invest time, or money in order to make money.

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

One of the most affordable, easiest but most time consuming ways to actually earn Bitcoin is through micro earnings. This means that youll essentially be doing small jobs and earning fractions of a coin for your time you spend.

A number of the more well-known micro earnings sites are Bitcoin faucets sites which you repeatedly visit every few minutes in order to maintain a very small amount of coins. Faucets are actually a subcategory of PTC sites, PTC meaning Pay to Click. PTC websites will often 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, should 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 lot of money, owning your own faucet is a whole different story. Today, 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 decades now. Depending on the advertisers youre using and the amount of visitors you have you can make up to $1000/month running a faucet.

However, running a faucet takes a reasonable amount of time and effort. Youll need to set up 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,  began running signature campaigns. In other words, you can use your BitcoinTalk signature to market a product and get paid for every post you write. The complete list of campaigns can be seen on the discussion itself.

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With a signature campaign You get paid according to your membership level on BitcoinTalk. Usually, anyone with a standing less than complete member wont get paid that much, in the end. To be a complete member, youll need at least 120 articles under your belt. There are also limitations on posts; such as length, original content, and more. .

Sometimes, theres also a minimum post requirement per week. From our experience you can make around $5 an hour depending no how much you compose and your membership level. This, of course, does not include the number of posts you need to compose in order to earn the required membership level on BitcoinTalk. .

One of the quickest, easiest but riskiest ways you can earn money with Bitcoin is by trading it on an exchange. Basically youre trying to get Bitcoin when its price is low and sell it when the price rises.

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However, 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 overcome the many dangers involved in trading. Successful traders know they may lose money in the short term but they consider it as an investment in their education, since they're aiming for the long term. .

If you want to become a trader make sure you've got the time and view website capital 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 individuals who promote a certain business browse around these guys 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 you can promote your affiliate link you can share it on Facebook, run advertising campaigns on different websites or even set up your own information site and promote your links within your content.