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For some strange reason, people tend to think that since Bitcoin is a new type of currency, there's some magical way you can earn Bitcoins or even make money from it easily. Im sorry to burst the bubblebut Bitcoin is exactly like any other currency on the market.
While 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 generate money.
Each one the methods 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 tactics to actually earn Bitcoin is via micro earnings. This means that youll essentially be doing little tasks and earning fractions of a coin to get your time you spend.
A number of the well-known micro earnings websites 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 actually a subcategory of PTC sites, PTC meaning Pay to Click. PTC websites will often have you click on an advertisement 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 electricity for running your PC.
While participating as a tap person may not earn you a great deal of money, owning your own faucet is a whole different story. Today, you can build a cryptocurrency faucet relatively readily and earn money from selling ads on your website.
At 99Bitcoins we have been running our own faucet for just about 3 years now. Depending on the advertisers youre using and the amount of visitors you have you can make around $1000/month running a faucet.
But, running a faucet takes a reasonable amount of time and pop over to these guys effort. Youll need to set up your own site, 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, started running signature campaigns. In other words, you can use your BitcoinTalk signature to market a product and get paid for each post you write. The whole collection of campaigns can be seen on the forum itself.
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With a signature campaign You get paid according to your membership level on BitcoinTalk. Usually, anyone using a standing less than complete member wont get paid that much, in the end. To be a full member, youll need at least 120 posts under your belt. Additionally, there are limitations on posts; for example length, original content, and much 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, of course, does not include the number of posts you need to compose in order to earn the mandatory membership amount on BitcoinTalk. .
One of the fastest, easiest but also riskiest ways you can make money with Bitcoin is by trading it on an exchange. Basically youre trying to get Bitcoin when its cost is low and sell it when the price rises.
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But, trading Bitcoin successfully is not a matter of luck or guesswork. Profitable traders spend a substantial amount of time learning how webpage to trade and how to overcome the many risks involved in trading. Successful traders know they might lose money in the short term but they look at it as an investment in their own education, since they're aiming for the long run. .
If you want to become a trader make certain that you've got sufficient 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 market that service or product.
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Of course there are many ways you can market your affiliate link you can discuss it on Facebook, run ad campaigns on different websites or even set up your own information site and promote your links within your content.