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For some strange reason, people tend to think that since Bitcoin is a new form of currency, there's some magic way you can earn Bitcoins or even make money from it readily. Im sorry to burst the bubble, but Bitcoin is just like any other currency on the market.
While cryptocurrencies in general may hold some new possibilities for generating income the fundamentals are the same youll need to invest cash, or money in order to generate money.
Each one the approaches Ill go over are things weve really tested ourselves here at 99Bitcoins, so that 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 actually earn Bitcoin is through micro earnings. This means that youll basically be doing little jobs and earning fractions of a coin to get the period you spend.
A number of the more well-known micro earnings websites are Bitcoin faucets sites that you repeatedly go to every few minutes in order to maintain a very small amount of coins. Faucets are actually a subcategory of all PTC websites, PTC meaning Pay . PTC sites will usually have you click on an advertisement or on a button on the website 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 power for running your PC.
While participating as a tap user might not earn you a great deal of money, owning your own faucet is an entire different story. Now, you can construct a cryptocurrency faucet relatively readily and earn money from selling ads on your site.
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 tap.
However, running a faucet takes a reasonable amount of time and energy. Youll need to set up 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, Â began running signature campaigns. Simply put, 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 .
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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, in the end. To become a complete member, youll need at least 120 articles under your belt. Additionally, there are limitations on posts; for example length, original content, and more. .
Sometimes, theres also a minimum post requirement per week. From our experience you can make around $5 an hour depending no visit this page how much you compose and your membership level. This, clearly, does not include the number of articles 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 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 rises.
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But, 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 overcome the many dangers involved with trading. Successful traders know they might lose money in the short 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 trader make 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 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 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 discuss it on Facebook, run advertising campaigns on different sites or even create your own information website and promote your links within the content.