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For some strange reason, people tend to think that because Bitcoin is a new form of currency, there's some magical way you can earn Bitcoins or make money from it readily. Im sorry to burst this bubblebut Bitcoin is just like any other currency on the market.
While cryptocurrencies in general may hold a few new possibilities for generating income the basics are the same youll need to invest cash, or money in order to generate money.
All of the methods Ill go over are things weve actually tested ourselves here at 99Bitcoins, so that you can rest assured were talking out of experience. Lets get started
One of the cheapest, easiest but also most time consuming tactics to actually earn Bitcoin is through micro earnings. This means that youll basically be doing small tasks and earning fractions of a coin for your time you spend.
Some of the well-known micro earnings sites are Bitcoin faucets sites which you repeatedly go to every couple of minutes in order to maintain a very small amount of coins. Faucets are in fact a subcategory of PTC sites, PTC meaning Pay to Click. PTC sites will usually 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 might not earn you a great deal of money, owning your own faucet is a whole different story. Now, you can build a cryptocurrency faucet relatively easily and earn money from selling ads on your website.
At 99Bitcoins we've 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 around $1000/month running a tap.
But, running a faucet takes a reasonable amount of time and energy. Youll need to set up your own site, manage customers, 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 started running signature campaigns. In other words, you can use your BitcoinTalk signature to advertise a product and get paid for every post you write. The whole collection of campaigns can be seen read this on the discussion .
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Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Usually, anyone with a status less than complete member wont get paid that much, in the end. To become a complete member, youll need at least 120 posts under your belt. There are also 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 up to $5 an hour depending no just how much you compose and your membership level. This, news clearly, does not include the number of posts you need to compose in order to earn the required membership amount on BitcoinTalk. .
One of the fastest, easiest but also riskiest ways that you can make 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 cost 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 trade and how to conquer the many risks involved in trading. Successful traders know they may lose money in the brief term but they look at it as an investment in their own education, since they are aiming for the long run. .
If you want to be a dealer make sure you have sufficient time and capital to invest in great trading education.
One of the most overlooked ways to earn money with Bitcoin is by promoting through various affiliate programs. Affiliates are people who market a certain see page business free of charge but receive a commission if they manage to bring in paying customers.
Many Bitcoin exchanges, goods 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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Of course there are many ways you can market your affiliate link you can discuss it on Facebook, run ad campaigns on different sites or even create your own information site and boost your links within your content.