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For some strange reason, people tend to think that because Bitcoin is a new type of currency, there's some magical way you can earn Bitcoins or earn money from it readily. Im sorry to burst the bubble, but Bitcoin is exactly like any other currency on the market.
Even though cryptocurrencies in general may hold a few new possibilities for generating income the basics are the same youll need to invest cash, or money in order to make money.
Each one the approaches Ill go over are things weve really tested ourselves at 99Bitcoins, so you can rest assured were talking from experience. Lets get started
One of the most affordable, easiest but most time consuming ways to really earn Bitcoin is through micro earnings. This means that youll basically be doing small tasks and earning fractions of a coin to get the time you spend.
A number of the more well-known micro earnings websites are Bitcoin faucets sites which you repeatedly visit every few minutes in order to claim 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 advertisement 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 tap person might not earn you a great deal of money, owning your own faucet is a whole different story. Now, you can build 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 decades now. Depending on the advertisers youre using and the amount of visitors that you have you can make up to $1000/month running a tap.
However, running a faucet takes a reasonable amount of time and energy. Youll need to establish your own website, manage users, 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 started running signature campaigns. In other words, you could use your BitcoinTalk signature to market a product and get paid for every post you write. The whole 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 degree on BitcoinTalk. Typically, 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 moved here 120 posts under your belt. Additionally, there are limitations on articles; 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 just how much you compose and your membership level. This, clearly, does not include the number of posts you need to compose in order to earn the mandatory membership level on BitcoinTalk. .
One of the fastest, easiest but riskiest ways you can earn money with Bitcoin is by trading it on an exchange. Fundamentally youre trying to get Bitcoin when its cost is reduced and sell it when the price rises.
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However, trading Bitcoin successfully is not a matter of luck or guesswork. Experienced traders spend a substantial amount of time learning how to trade and how to overcome the many risks involved in trading. Successful traders know they may get rid of money in the brief 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 have sufficient time and funds to invest in good trading education.
One of the most overlooked methods to make money with Bitcoin is by promoting various affiliate programs. Affiliates are individuals who market 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 promote that product or service.
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Of course there are many ways that you can promote your affiliate link you can discuss it on Facebook, run ad campaigns on different sites or even set up your own information website and boost your links within the content.