The Of Crypto Dollar
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 make money from it readily. Im sorry to burst the bubble, but Bitcoin is exactly like any other currency out there.
While cryptocurrencies in general might hold a few new possibilities for generating income the fundamentals are the exact same youll need to invest cash, or money in order to generate money.
All of the methods Ill go over are things weve actually tested ourselves at 99Bitcoins, which means you can rest assured were talking out of experience. Lets get started
One of the most affordable, easiest but also most time consuming tactics to actually earn Bitcoin is through micro earnings. This means that youll basically be doing little tasks and earning fractions of a coin to get the period you spend.
Some of the well-known micro earnings sites are Bitcoin faucets sites which you repeatedly visit every few minutes in order to claim a very small amount of coins. Faucets are actually a subcategory of all PTC websites, PTC meaning Pay . PTC sites will often have you click on an ad or on a button on the website in order to generate money from advertisement 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 faucet user may 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 have been running our own faucet for just about 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 faucet.
However, running a faucet takes a reasonable amount of time and energy. Youll need to set up your own website, 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, Â began running signature campaigns. In other words, you could use your BitcoinTalk signature to advertise a product and get paid for each post you write. The whole list of campaigns can be seen on the forum .
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With 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, if at all. To become a complete member, youll need at least 120 articles under your belt. Additionally, there are limitations more information on articles; such as length, original content, and much 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 articles you need to compose in order to earn the mandatory membership level on BitcoinTalk. .
One of the quickest, easiest but riskiest ways you can make money with Bitcoin is by trading it on an exchange. Basically youre trying to get Bitcoin when its cost is reduced and sell it when the cost increases.
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But, 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 conquer the many dangers involved in trading. Successful traders know they might lose money in the short term but they look at it as an investment in their own education, since they are aiming for the long term. .
If you want to become a dealer make certain that you have the time and 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 for free but get a commission if they manage to bring in paying customers.
Many Bitcoin exchanges, goods and providers have an affiliate program in which you can enroll. You then get your own unique affiliate link in order to market 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 sites or even create your own information website and boost your links within your content.