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For some strange reason, people tend to think that because Bitcoin is a new form of currency, there is some magic way you can earn Bitcoins or earn money from it readily. Im sorry to burst this bubble, but Bitcoin is exactly like any other currency on the market.
While cryptocurrencies in general may hold a few new possibilities for generating income the fundamentals are the exact same youll need to invest cash, or money in order to make money.
Each one the methods Ill go over are things weve really tested ourselves at 99Bitcoins, so 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 essentially be doing small tasks and earning fractions of a coin for your time you spend.
A number of the well-known micro earnings websites are Bitcoin faucets sites that you repeatedly go to every few minutes in order to claim a very small amount of coins. Faucets are in fact a subcategory of all PTC sites, PTC meaning Pay to Click. PTC sites will often have you click on an ad or on a button on the site in order to generate 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 computer.
While participating as a tap person may 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 easily 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 traffic you have you can make around $1000/month running a faucet.
But, running a faucet takes a reasonable amount of time and effort. Youll need to establish your own website, 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, Â began running signature campaigns. In other words, you can use your BitcoinTalk signature to advertise a product and get paid for each post you write. The whole list 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. Typically, anyone using a standing less than full member wont get paid that much, if at all. To be a full member, youll need at least 120 posts under your belt. Additionally, there are limitations on articles; for example length, original content, and much more. .
From time to time, theres also a minimum post requirement per week. From our experience you can make up to $5 an hour depending no how much you compose and your membership level. This, clearly, does not include the number of posts you need to compose in order to earn image source the mandatory membership amount on BitcoinTalk. .
One of the fastest, easiest but also riskiest ways you can earn money with Bitcoin is by trading it on an exchange. Basically youre trying to get Bitcoin when its price is low and sell it when the price rises.
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However, trading Bitcoin successfully is not a matter of luck or guesswork. Profitable traders spend a substantial amount of time learning how to exchange and how to conquer the many risks involved in trading. Successful traders know they may 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 sure 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 More hints affiliate programs. Affiliates are individuals 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 providers 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 that you can market your affiliate link you can discuss it on Facebook, run advertising campaigns on different websites or even set up your own information site and promote your links within the content.