A Biased View of Bitcoin Currency Trading

For some strange reason, people tend to think that since Bitcoin is a new type of currency, there's some magic way you can earn Bitcoins or make money from it readily. Im sorry to burst the bubble, but Bitcoin is just like any other currency out there.

Even though cryptocurrencies in general might hold a few new possibilities for generating income the fundamentals are the same youll need to invest time, or money in order to make money.

All of the approaches Ill go over are things weve actually tested ourselves here at 99Bitcoins, so you can rest assured were talking from experience. Lets get started

One of the most affordable, easiest but also most time consuming tactics to actually earn Bitcoin is via micro earnings. This means that youll essentially be doing small tasks and earning fractions of a coin to get your period you spend.

Some of the well-known micro earnings sites are Bitcoin taps websites which you repeatedly visit every couple of minutes in order to claim a tiny amount of coins. Faucets are actually a subcategory of PTC sites, PTC meaning Pay . PTC sites will usually have you click on an advertisement or on a button on the website in order to generate money from ad sales.

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From our calculations, should you operate 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 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. Now, you can construct a cryptocurrency faucet relatively readily and earn money from selling ads on your website.

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 you have you can make up to $1000/month running a tap.

However, running a faucet requires a reasonable amount of time and effort. Youll need to set up your own website, manage users, 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,  began running signature campaigns. In other words, you could use your BitcoinTalk signature to advertise a product and get paid for every post you write. The complete collection of campaigns can be seen on the discussion .

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Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Usually, anyone using a standing less than full member wont get paid that much, if at all. To be a complete member, youll need at least 120 articles under your belt. There are also limitations on articles; such as length, original content, and more. .

Sometimes, theres also a minimum post requirement each week. From our experience you can make up to $5 an hour depending no just how much you compose and your membership level. This, of course, does not include the number of posts you need to write in order to earn the mandatory membership level on BitcoinTalk. .

One of the quickest, easiest but also riskiest ways that you can earn money with Bitcoin is by trading it on an exchange. Fundamentally youre trying to buy Bitcoin when its price is low 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 exchange and published here how to conquer the many risks involved with trading. Successful traders know they may lose money in the short term but they consider it as an investment in their education, since they're aiming for the long run. .

If you want to be a trader be certain that you have the time and capital to invest in good trading education.

One of the most overlooked ways to make money with Bitcoin is by promoting various affiliate programs. Affiliates are people who market a certain business free of charge but receive 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 market that product or service.

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Of course there are many ways you can market your affiliate link you can discuss it on Facebook, run advertising campaigns on different websites or even set up your own information website and boost your links within the content.