Bitcoin Currency Trading for Dummies

For some strange reason, people tend to think that because Bitcoin is a new form of currency, there is some magical way you can earn Bitcoins or make money from it easily. Im sorry to burst the bubblebut Bitcoin is just like any other currency on the market.

Even though cryptocurrencies in general might 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.

All of the methods 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 most time consuming ways to really earn Bitcoin is via micro earnings. This means that youll essentially be doing little jobs and earning fractions of a coin to get your period you spend.

Some of the more well-known micro earnings sites are Bitcoin faucets sites that you repeatedly visit every few minutes in order to claim a tiny amount of coins. Faucets are in fact a subcategory of PTC websites, 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 electricity for running your PC.

While participating as a tap 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 easily and earn money from selling ads on your site.

At 99Bitcoins we've been running our own faucet for just about 3 decades now. Depending on the advertisers youre using and the amount of visitors you have you can make up to $1000/month running a faucet.

But, running a faucet takes a reasonable amount of time and energy. Youll need to establish your next own site, manage customers, 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,  started running signature campaigns. Simply put, you can use your BitcoinTalk signature to advertise a product visit the website and get paid for each post you write. The complete collection of campaigns can be seen on the discussion itself.

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Having a signature campaign You get paid according to your membership level on BitcoinTalk. Usually, anyone with a status less than full member wont get paid that much, if at all. To be a complete member, find 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 each 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 posts you need to compose in order to earn the mandatory membership level on BitcoinTalk. .

One of the quickest, easiest but also riskiest ways you can make 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 price increases.

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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 the way to conquer the many dangers involved in trading. Successful traders know they may get rid of money in the brief 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 dealer be certain that you've got the time and capital to invest in good trading education.

One of the most overlooked ways to make money with Bitcoin is by promoting through various affiliate programs. Affiliates are people who promote 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 promote that product or service.

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Naturally there are many ways you can market your affiliate link you can discuss it on Facebook, run ad campaigns on different websites or even create your own information site and promote your links within the content.