Making Money with Bitcoin (Part I)
December 10, 2018
When it comes to investing, you think mostly of stocks. You might also think of currencies, commodities and whatnot. But strolling into a mutual fund manager’s office and mentioning Bitcoins would get you an odd look, assuming he or she is not an avid reader of TechCrunch.
Established in 2009, the electronic currency Bitcoin is exchanged through its own payment network. The Bitcoin can be put in a virtual wallet and has been described as a cryptocurrency. To stop double-spending, computers called “miners” get transaction fees and free Bitcoins in exchange for running a proof-of-work system.
Folks are into cryptocurrencies and Bitcoins in order to get some fast bucks. This article is devoted exclusively to ways you can make money with Bitcoin.
While there are several ways you can make money with Bitcoin in the end there are no free rides. Earning Bitcoins online take money and time and most methods promising free Bitcoins will not be worth the time spent on them.
Here are numerous ways you can make money with Bitcoin: / Mine Bitcoin/ Lend Bitcoins/ HYIPs / Coin doublers/Micro earnings/ Owning a faucet/Signature campaigns/ Trading Bitcoin/ Affiliate programs/ Gambling/ Writing about Bitcoin/ Supply related services
Bitcoin is just like real money
For some weird reason, folks think that since Bitcoin is a new form of currency, there is some fairylike way you can earn Bitcoins or make money from it easily. Sorry to burst the bubble, but Bitcoin is just like any other currency out there.
Just like there’s no risk free, simple way to make a fast buck there’s no supernatural way to earn Bitcoin. While cryptocurrencies may hold some new possibilities for producing income the basics are the same – you’ll need to invest a lot of money and time in order to make money.