About Bitcoin Currency Trading

For some strange reason, people tend to think that because Bitcoin is a new form of currency, there is some magic way you can earn Bitcoins or earn money from it readily. Im sorry to burst this bubble, but Bitcoin is just like any other currency out there.

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

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

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

Some of the more well-known micro earnings sites are Bitcoin faucets sites which you repeatedly go to every few minutes in order to claim a very small amount of coins. Faucets are actually a subcategory of PTC websites, PTC meaning Pay to Click. PTC sites will often have you click on an advertisement 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 power for running your PC.

While participating as a tap person might not earn you a great deal of money, owning your own faucet is a whole different story. Today, you can construct a cryptocurrency faucet relatively readily and earn money from selling ads on your site.

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 traffic that you have you can make up to $1000/month running a faucet.

But, running a faucet requires a reasonable amount of time and energy. Youll need to set up your own site, manage customers, prevent fraud and also 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 continue reading this BitcoinTalk signature to market a product and get paid for every post you write. The complete list of campaigns can be seen on the forum itself.

A Biased View of Bitcoin Currency Trading

Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Usually, anyone using a status less than complete member wont get paid that much, in the end. To be a full member, youll need at least 120 posts under your belt. There are also limitations on articles; for example length, original content, and much 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, clearly, does not include the number of articles you need to compose in order to earn the required membership amount on BitcoinTalk. .

One original site of the quickest, easiest but also riskiest ways that you can earn money with Bitcoin is by trading it on an exchange. Basically youre trying to get Bitcoin when its price is reduced and sell it when the cost increases.

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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 the way to overcome the many risks involved with trading. Successful traders know they may 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 trader be certain that you have sufficient time and funds to invest in good trading education.

One of the most overlooked ways to earn money with Bitcoin is by promoting various affiliate programs. Affiliates are people 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 providers 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 ad campaigns on different websites or even create your own information website and boost your links within your content.