Bitcoin Currency Trading for Dummies

For some strange reason, people tend to think that since Bitcoin is a new type of currency, there is some magic way you can earn Bitcoins or even make money from it easily. Im sorry to burst this bubblebut Bitcoin is exactly like any other currency out there.

While cryptocurrencies in general might hold a few new possibilities for generating income the basics 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 really tested ourselves here at 99Bitcoins, which means you can rest assured were talking out of experience. Lets get started

One of the most affordable, easiest but also most time consuming ways to really earn Bitcoin is through micro earnings. This means that youll essentially be doing little jobs and earning fractions of a coin to get the time you spend.

A number of the well-known micro earnings websites are Bitcoin taps websites that you repeatedly visit every few minutes in order to maintain a tiny amount of coins. Faucets are in fact a subcategory of all PTC websites, PTC meaning Pay to Click. PTC websites will usually have you click on an ad or on a button on the website in order to generate 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 PC.

While participating as a faucet person might not earn you a great deal of money, owning your own faucet is an entire different story. Now, you can build a cryptocurrency faucet relatively easily and earn money from selling ads on your site.

At 99Bitcoins we have been running our own faucet for almost 3 decades now. Depending on the advertisers youre using and the amount of visitors that you have you can make around $1000/month running a faucet.

However, 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,  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 complete collection of campaigns can be seen on the discussion .

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With a signature campaign You get paid according to your membership degree on BitcoinTalk. Usually, anyone with a standing less than complete member wont get paid that much, in the end. To be a full member, youll need at least 120 articles under your belt. Additionally, there are limitations great post to read on posts; such as length, original content, and much more. .

From time to time, theres go right here also a minimum post requirement per week. From our experience you can make up to $5 an hour depending no just how much you write and your membership level. This, of course, does not include the number of articles you need to write 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 get Bitcoin when its price is reduced 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 trade and how to conquer the many risks involved with trading. Successful traders know they might get rid of money in the short term but they consider it as an investment in their own education, since they are aiming for the long term. .

If you want to become a trader make sure you've got sufficient time and funds 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 market a certain business free of charge but get a commission if they manage to bring in paying customers.

Many Bitcoin exchanges, products and providers 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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Naturally there are many ways you can market your affiliate link you can share it on Facebook, run advertising campaigns on different websites or even create your own information site and promote your links within your content.