How to profit from bitcoin

How to Profit From Bitcoin: 9 Things You Need to Make Money

Ever heard of Bitcoin?

It’s kind of impossible to avoid the term nowadays. Even shows like The Big Bang Theory make references to it.

More importantly, did you know that Bitcoin is worth a lot of money? While its value decreased a lot from its peak value last December, the cryptocurrency is still great for turning in a profit.

There are a lot of ways on how to profit from Bitcoin. But like all other means of earning currency, it needs your time and knowledge or the processing power of your computer. But what are the easy methods of earning Bitcoin?

Read on and find out.

1. Bitcoin Mining

If you want to earn the largest possible Bitcoin amount, your best bet is through mining. This is a process that lets you use your computer to make a set of mathematical operations. This will result in the creation of new Bitcoins.

The current set-up of Bitcoin meant that only about 21 million can exist. So far, only about 16.7 million of the coins got mined. That means you only have a little less than 4 million Bitcoins left to mine.

A good approach is to mine the coins yourself. Get a Bitcoin Miner to help you start making money with Bitcoin. The price of these devices depends on how much processing power they give, but most of the small ones start at $100.

2. Contract Mining

Contract mining is a good alternative if you’re not up to the hassle of setting up your own mining operation. With this, you pay fees to use a company’s mining equipment. The contract lasts within a certain duration, and they’ll add all earned Bitcoin to your wallet.

Its main drawback is that it costs more in the long run. Use this only until you get the funds to set up your own operation.

3. Micro Earnings

When it comes to making money using Bitcoin, micro-earnings remain as the easiest method. But it’s the most time-consuming when you consider the amount of money you make. Websites that offer micro earnings pay you with a small number of Bitcoins when you complete simple tasks for them.

4. Bitcoin Faucets

This type of method of earning Bitcoins also has small payouts like micro earnings. Most of these will often earn you 1 Satoshi for a bit of your time. This is about a hundredth of a millionth BTC.

But the difference is that you can claim these coins at a set time interval. Most Bitcoin Faucets give coins every five minutes. It’s not the fastest way to earn, but it’s a good place to start.

5. Invest in Bitcoin and Its Derivatives

Bitcoin became popular as an investment asset over the past years. It isn’t as common as using stocks and bonds, but it’s becoming more mainstream. It’s one of the most lucrative ways to make millions using Bitcoins.

The most common way of investing in Bitcoin is to buy and hold it until its price goes up. Bitcoin’s price volatility makes it easy to get incredible gains. For example, the Bitcoin price jumped from $300 to $7,000 over a certain time frame.

That’s why it’s important to hold on to your Bitcoins for long periods of time. You might turn in millions of dollars’ worth of profit.

6. Market Bitcoin-related Merchandise

There are ways for you to make money with Bitcoin without owning any coins. Marketing Bitcoin-related products is a good method of turning in a profit. After all, offering related services can become lucrative due to the growing interest in the cryptocurrency market.

The easiest method is to become an affiliate marketer. Promote Bitcoin mining devices with the use of the Amazon Associates affiliate program. With this, you receive commissions when people buy these products within the next 24 hours.

7. Do Bitcoin-based Freelance Work

There is a massive market for freelance services that pay using Bitcoin. It can range from something as simple as technical writing to more complex tasks like website development. There are a lot of websites that help connect workers with customers willing to pay in Bitcoins.

If you have useful business skills, you might earn serious amounts of Bitcoin. It’s great since you don’t need to make initial investments, unlike Bitcoin mining. With the right customer, you can get paid large sums of Bitcoins for your time.

8. Monetized Bitcoin-based Ads

A good way to earn a passive stream of Bitcoins is to partner with a Bitcoin-based ad network. It works well if you have a website that posts great content. These networks pay you in Bitcoin for the ads placed on it.

The more visitors and clicks you get with your content, the more you earn. It works best if you’re a website that makes content focusing on technology and the cryptocurrency market. The reason is that these advertisers are from the Bitcoin industry as well.

It’s easy to implement, especially if you have a website promoting products related to Bitcoin. This gives you a great opportunity to earn both normal currency and cryptocurrency. It gives diversity for your income stream.

9. Bitcoin Lending

Bitcoin lending is a big deal since it allows you to become a financial institution. This helps you earn more money by getting the interest from the Bitcoin you lend. You’ll need a lending platform to get Bitcoin by loaning.

The main problem with this method is that you need an initial investment. But if you’re already settled in with the other methods, you can earn some serious profit.

Learn How to Profit from Bitcoin Today!

There are limitless ways for you to turn in a profit from Bitcoin. It doesn’t matter whether you want to hold on to the cryptocurrency or sell related products and services. The current market of the Bitcoin industry gives a lot of opportunities.

Use these methods to know how to profit from Bitcoin. Capitalize on it since the cryptocurrency market will become more mainstream as the years go by. Start now and learn how to make money from Bitcoin.

Hoping to learn more? Check out our other guides, like this one showcasing our Bitcoin price predictions for 2019!

A proven leader, successful at establishing operational excellence and building high-performance teams with a sharp focus on value creation and customer success.

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How to profit from bitcoin with minimal downside

A full guide on how to get Bitcoins without paying a cent

Dec 12, 2017 · 5 min read

W ell, there is nothing like a free lunch, is there? I guess you heard about Bitcoin before. But since it broke the $10,000 Milestone you got really interested and started learning more about it. You’re unsure of weather or not to buy?

I mean the price increased already from $1,000 to just over $18,000 this year, so why not? Well, people argue that we are in a crypto bubble. To be honest, it definitly looks and smells like a bubble. Just look at this chart.

Looks very simi l ar to this bitcoin chart from 2013. Just more extreme. Back then the price went from around $180 to $1,150 before it eventually came dropped to $200.

The big difference to other asset bubbles is that the more people invest & belief in Bitcoin the more valueable Bitcoin becomes. It it’s a reinforcing cycle.

Comparing it to the Dotcom-Bubble. Who can say, that are in 1998 or already in 2000? Nobody can say that. It might rise another hundres of percent, before a bigger correction.

So, what’s the best option? Buy? Don’t Buy? FOMO (Fear of missing out) on the one hand and FUD (Fear, uncertainty & doubt) on the other hand. Is there a way to profit from the upside while having minimal downside?

Well, yes there is. Do you have to spend money to get Bitcoins? Not, necessarily.

But since there is no free lunch, what can you do to compensate for not risking money and buying Bitcoins directly.

What methods are there for converting time/effort and not money into Bitcoins?

Affiliate marketing. So, basically you can do marketing for a company and get payed for new customers or product sales in Bitcoins.

This is great, because then you don’t need to buy Bitcoin to profit from it. And thus can’t loose money in a potential crash. But if Bitcoin keeps rising you make profits along the way.

The total market capitalization of all cryptocurrencies is around $400 Billion which is still quite low for a new asset class. The total value of all physical Gold is around $7 Trillion. So, theortically there is still a 5x, 10x, 20x potential for Bitcoin to rise in value within the next years.

Should one day 1 BTC be worth $1 Million or $1 Billion due to a world fiat crisis. Then you not only had one of the best hourly wages in the world, but also had very little risk exposure.

And that’s what its all about in professional investing: capping the downside, but having unlimited upside potential.

So let’s get into it:

1. Marketing for Crypto Exchanges

One way of earning comissions is to refer people to exchanges and marketplaces where they can buy cryptocurrencies. These sites pay out a commission if you acquire customers for them.

Coinbase (coinbase.com)

Coinbase is one of the most popular exchanges to buy Bitcoin. With a affiliate link you & the new customer profit each $10 (payed in BTC) when he spents more than $100.

2. Affiliate for Crypto Lending Sites

Once people have cryptocurrencies, one option is to lend these coins and get addional interest from 1% to 7% per month. Notice in the cryptoworld interest rates are counted in months not years.

You can also refer people to these lending sites and get a commission. One of my favorites:

BitBond (bitbond.com)

Bitbond allows you to get up to 50% of their fees as a commission. Also paid out in Bitcoin of course.

3. Marketing for Crypto Tax Report Tools

Once you sell coins you have to pay taxes on the profits. Tracing all your trades and calculating the tax yourself can get quite exhausting. Guess what: There’s an app for that.

And guess what: It does have an affiliate program.

Cointracking (cointracking.info)

I love that tool. It does what it says. You can easily link it to your exchanges and analyse your profits. Based on the profit the tool calculates your taxes.

As an affiliate you get 20% of their revenues.

Some more tax calculators

4. Accept Bitcoin Donations on your Webblog

Nothing can be easier than creating a wallet at blockchain.info and posting the public Bitcoin address on your Website or Blog.

This is a minitask you can do within 3 minutes that will get you Bitcoin donations on a constant basis.

But how to aquire customers for these services?

Reading this article may took you 5 minutes. Buy finding strategies on how to aquire customers effectively will take you a few days or weeks. But trust me! This effort is more than worth the result. Once running these strategies generate coins on a constant basis.

How can you start even faster? Well, affiliate marketing is such a known sector that you can copy a lot of existing strategies and just apply them to the new crypto world.

Some examples here:

• Ask your an Affiliate coupon code and just place that in an existing coupon code platform
• Create a Instagram profile with affiliate link in bio
• Create YouTube videos on the services you advertise

If you’re new to the field of affiliate marketing, these terms will help you to get a fast start:

• Traffic Generation Case Studies
• Online Marketing growth hacking
• Search Engine Optimisation SEO
• Search Engine Advertising SEA (this will involve some payment before — but is very powerful if the clickprice & conversion-rate are right)
• traffic generation strategies
• how to create a wordpress blog
• how to build a funnel

Finally, a small warning. Don’t get scammed.

The number of scams in the crypto space are rapidly growing. Be especially careful with “browser mining” or cloud mining ponzi schemes.

Please share this with all your Medium friends and hit that ♥ button below to spread it around even more. Also add any other affiliate platforms or strategies in the comments!

Donate BTC: 1DX2CyfqnkXHy6Ya6ShhB4zZH5Qwyx2h4j

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How to earn Bitcoin: practical ways to make digital money

Apart from direct investments into cryptocurrency, there are a lot of other great methods to earn digital money. Some of them cater to professional traders that already have Bitcoin, Ethereum, or any other coins on their virtual wallets, while others are considered perfect for beginners. It is even possible to make good earnings without massive investments at the beginning. In this article, we will be exploring and explaining the top 6 methods to get more BTC.

Popular methods to earn Bitcoin and other cryptocurrencies

There is no shortage of ways to earn cryptocurrency today. However, all of them have their strengths and weaknesses that might be decisive for specific categories of crypto enthusiasts. For example, if you prefer, you get more BTC by investing in crypto projects or trading, then you will need start-up capital, good financial knowledge, and, of course, a lot of time. Unfortunately, even those cannot give you a 100% guarantee that everything will go as planned and your income will skyrocket. Some projects are only good on paper but don’t actually work in practice.

But who says that trading and other active methods are the only way? Using a passive income strategy is also an excellent alternative. It allows you to make money through the fine-tuned automated processes like mining. Or maybe earning small portions of BTC or ETH through a referral program is your go-to method? As we said, there are many good methods to make cryptocurrency in an active or passive way. You can be sure that more fascinating solutions are yet to come. But today, let’s focus on the top 6 methods to get more BTC in 2020-2021.

1. Mining

Mining can be arranged in a cloud or more traditional way – on your own crypto farm. No matter which method you will choose, the basic concept remains the same as machines will be doing all the hard work with calculations generating bitcoins for you. However, building a physical mining farm can be a laborious process because you will have to buy lots of powerful hardware and install specific software to operate it. Also, don’t forget about regular maintenance. Here are other pluses and minuses on this method:

• Passive income (there is no need to monitor the processes);
• Transparency (requires only initial setup);
• Requires tons of expensive hardware (mostly the latest models of GPUs and CPUs);
• Needs a physical location with high requirements (stable power grid, good venting, etc.);
• High competition (mining is popular, so you must be ready to compete with other farmers).

Some of the above also applies to cloud mining, but at least you won’t have to buy hardware and worry about where to put it. Instead, you simply rent a remotely connected farm. If you have enough resources to buy several powerful farms, then it is possible to have a good income of any cryptocurrency of your choice. There are also a few things to consider about cloud mining:

• Users can sign a contract for any period (convenient for testing things out);
• No additional or hidden costs (you don’t have to rent premises, do maintenance, etc.);
• Bonuses for participating in referral programs;
• It takes time to withdraw your earnings;
• There is always a chance that servers can go down or be hacked.

With mining, you are free to choose which cryptocurrency to farm. Don’t feel like getting BTC? Then you can try your luck with ETH. One of the best mining pools on GPUs and ASIC miners for Ethereum is called HASHALOT . We tested it for a few months, and we were pleased with the final results. Stable server work without any interruptions serves as a stable source of income, and commissions are reduced to a minimum. On top of that, an A-grade technical support team is always there to answer your questions.

It takes just a few steps to start mining ETH with HASHALOT:

1. Select the hardware for the operation;
2. Create a wallet to store your coins;
3. Connect to the HASHALOT’s mining pool;
4. Start mining and withdraw your earnings.

For those who need more computing power to boost their mining capabilities, there is also an option to buy extra capacity. More information on this topic and other useful instructions can be found in this official HASHALOT quick guide .

2. Bitcoin faucets

The Web is full of sites that give out satoshi, which is the smallest bitcoin unit (one-hundred-millionth part of BTC). In order to earn some satoshi, you need to perform simple tasks (fill a captcha, click on a link, etc.). After completing those, you will be awarded cryptocurrency bits that go to your digital wallet. The method with faucets has its pluses and minuses.

• Simple and transparent;
• More activity equals more income;
• Bonuses and referral programs.

• Minimal rewards;
• Requires time to be profitable;
• Many scammers.

This method requires a regular online presence and activity. Performing primitive mechanical tasks all the time can be boring and tiresome. Bitcoin faucets are optimal for beginners taking their first steps in the crypto world and still learning new things about it. One of the advanced versions of bitcoin faucets is online games, but they truly deserve their own paragraph on this list.

3. Online games

What if you replace standard in-game money with cryptocurrency and provide gamers with the means to earn it while playing the game? This game dev experiment turned out to be extremely successful, so it gave life to another method to earn BTC. Extra motivation to play and make money stimulates players to spend more time on your project if done correctly.

Some games and apps even provide new players with substantial beginner bonuses, but it takes time and effort to earn them all fully. In most cases, crypto bits are awarded for completing various achievements such as unlocking new skills, killing bosses, leveling up, and so on. The main benefits of this method are:

• Entertainment combined with making money;
• The ability to play without investment;
• Referral programs for extra earnings.

However, some of the downsides prevent this method from becoming a stable income source:

• Small rewards;
• Complicated in-game schemes that take time to learn;
• Risks of losing your money in projects that require deposits (cryptocurrency casinos, for example).

4. Airdrops

Airdrops is another common way to make some coins by completing simple tasks. In most cases, people are asked to register on a website, subscribe to news and updates, etc. It does not take a lot of your time, but you’re only paid once. If the project is closed, then you have to find another source of airdrops. Some users report that they experienced problems with money withdrawal after completing tasks – unfortunately, scamming is common with airdrops.

Apart from the aforementioned issues, there are other difficulties associated with this method. In some cases, to complete tasks and earn BTC, you will need an active account on social media with a certain number of contacts. However, it is often balanced with bonuses – the more friends on your list, the more money you get.

All in all, this method of earning bitcoin can be decent for beginners who are new to the crypto industry. We would also need to point out that reaping profits from airdrops is possible only if you’re spending considerable amounts of time on them. Plus, you must be searching for new airdrops all the time, which is not suitable for everyone.

5. ICO and IEO investing

Now it is time to talk about more reliable but more “demanding” methods to earn cryptocurrency. If you’re thinking about joining an ICO campaign, be sure to have funds to buy enough tokens to gain maximum profitability after reselling coins in the future. A word of clarification here. ICO stands for “Initial Coin Offering,” which means that everyone can buy tokens of the unreleased cryptocurrency and turn them into normal coins after the launch. IEO ( Initial Exchange Offering ) is another version of ICO when the whole process is controlled by a cryptocurrency exchange service.

We find this investing method very perspective and opportunistic since it is not controlled by regulatory agencies meaning that investors have unlimited access to cryptocurrency. When new crypto projects appear on the radar, their tokens are usually cheap, but the price might skyrocket after the official release. However, there is always a chance that the selected coin will flop, resulting in wasted time and money. It is practically impossible to predict the project’s future, so all you can do is to calculate risks and decide whether it is worth it or not.

6. Exchange trading

Probably the most popular way to earn bitcoin. Traders deposit money on their exchange accounts, buy cryptocurrency, then sell it later at a better rate. Obviously, it is an oversimplified description of the process, and it takes so much more experience, knowledge, and skills to excel at trading. Here are the main benefits of making money on exchanges:

• Access to a variety of cryptocurrencies;
• The ability to buy/sell any coins that interest you;
• A minimum deposit is enough to start;
• High profits;
• Large reserves of popular cryptocurrencies.

As for the minuses, there are also some:

• Reluctant to new cryptocurrencies (young tokens are not added to the list for a long time);
• Each transaction comes with a commission;
• Requires a lot of time, experience, and knowledge;
• Deposit/withdrawal methods restrictions.

Final words

The people’s interest in earning bitcoin and other cryptocurrencies is proportional to the growing popularity of digital money. New methods of making profits in this niche appear on the horizon, albeit not all of them are effective or reliable. Regardless of how you choose to earn cryptocurrency, check the platforms or services you are going to work with twice or even thrice.

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