A Biased View of Crypto Dollar
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 even make money from it easily. Im sorry to burst this bubblebut Bitcoin is exactly like any other currency out there.
While cryptocurrencies in general may hold a few new possibilities for generating income that the fundamentals are the same youll need to invest time, or money in order to make money.
Each one of the methods Ill go over are things weve really tested ourselves at 99Bitcoins, which means you can rest assured were talking from experience. Lets get started
One of the cheapest, easiest but also most time consuming tactics to actually earn Bitcoin is through micro earnings. This means that youll basically be doing small jobs and earning fractions of a coin for your time you spend.
Some of the well-known micro earnings websites are Bitcoin taps websites which you repeatedly visit every few minutes in order to maintain a tiny amount of coins. Faucets are in fact a subcategory of all PTC sites, PTC meaning Pay . 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, 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 electricity for running your PC.
While participating as a tap person may 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 site.
At 99Bitcoins we have been running our own faucet for almost 3 years now. Depending on the advertisers youre using and the amount of traffic that you have you can make around $1000/month running a tap.
However, running a this hyperlink faucet requires a reasonable amount of time and energy. Youll need to establish your own site, 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. In other words, you can use your BitcoinTalk signature to market a product and get paid read the full info here for each post you write. The complete list of campaigns can be seen on the forum itself.
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Having a signature campaign You get paid according to your membership level on BitcoinTalk. Typically, anyone with a standing less than full member wont get paid that much, in the end. To become a full member, youll need at least 120 posts 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 up to $5 an hour depending no just 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 mandatory membership amount on BitcoinTalk. .
One of the quickest, easiest but riskiest ways that you can make money with Bitcoin is by trading it on an exchange. Fundamentally youre trying to buy 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 with trading. Successful traders know they might get rid of 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've got the time and capital to invest in great trading education.
One of the most overlooked methods to make money with Bitcoin is by promoting various affiliate programs. Affiliates are people who market a certain business for free but get 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 service or product.
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Naturally there are many ways that you can market your affiliate link you can share it on Facebook, run ad campaigns on different websites or even set up your own information website and promote your links within the content.