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For some strange reason, people tend to think that because Bitcoin is a new type of currency, there's 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 cash, or money in order to make money.
Each one the approaches Ill go over are things weve actually tested ourselves here at 99Bitcoins, which means you can rest assured were talking from experience. Lets get started
One of the cheapest, easiest but most time consuming ways to actually earn Bitcoin is through micro earnings. This means that youll basically be doing little tasks and earning fractions of a coin for your period you spend.
A number of the well-known micro earnings sites are Bitcoin faucets sites that you repeatedly go to every couple of minutes in order to claim a very small amount of coins. Faucets are in fact a subcategory of all PTC sites, PTC meaning Pay . PTC websites will usually have you click on an ad or on a button on the site 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 computer.
While participating as a tap person may not earn you a lot of money, owning your own faucet is an entire 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 almost 3 years now. Depending on the advertisers youre using and the amount of visitors that you have you can make up to $1000/month running a faucet.
But, running a faucet requires a reasonable amount of time and effort. 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 began running signature campaigns. Simply put, you can use your BitcoinTalk signature to market a product and get paid for each post you write. The complete collection of campaigns can be seen on the forum .
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Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Typically, anyone using a status 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. There are also limitations on posts; for example length, original content, and much more. .
From time to time, theres also a minimum post requirement per week. From our experience you can make up to $5 an hour depending no how much you write 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 of the fastest, easiest but riskiest ways that you can earn money with Bitcoin is by trading it on an exchange. Basically youre trying to buy Bitcoin when its cost is low and sell it when the cost rises.
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But, trading Bitcoin successfully is not a matter of luck or guesswork. Experienced i thought about this traders spend a substantial amount of time learning how to trade and the way to overcome the many dangers involved with trading. Successful traders know they may lose money in the short term but they look at it as an investment in their education, since they are aiming for the long run. .
If you want to be a trader make certain that you've got the time and capital to invest in good trading education.
One of the most overlooked methods to make money with Bitcoin is by promoting through various affiliate programs. Affiliates are people who promote a certain business for free but get a commission if they manage to bring in paying customers.
Many Bitcoin exchanges, products and services 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 you can promote your affiliate link you can discuss it on Facebook, run ad campaigns on different websites or even set up your own information website and promote your links within your content.