How To Make Money With Bitcoin (4 Effective Methods)
There are many ways to earn money with Bitcoins. Logically, the most popular methods imply that you acquire bitcoins, and then you can sell them to earn money in your preferred currency.
Keep in mind that the first step to make money with bitcoins is to get your first coin. For this, then, you will discover the 4 most popular methods to obtain and earn money with bitcoins. More detail can be finding at official site of bitcoin.
Method 1: Mining and selling your coins
It is perhaps the most inaccessible method to earn money with bitcoins , given the complexity of blockchain mining. In addition, the high costs of computers dedicated to these tasks make bitcoin mining an unattainable discipline for many.
Even so, the rewards for mining bitcoins can be very juicy.
Cryptocurrency mining works as follows: A program on your computer uses your graphics processor to solve very complex problems that the Bitcoin network supplies.
If your computer solves this problem, and gives a proof of work, the bitcoin network rewards you with a fraction of its cryptocurrency.
Repeating this process successively times, you can get bitcoins. But there is something negative about this method: more and more people are mining, and the more people mine, the harder it will be to solve these problems and get bitcoins.
For this reason, mining can be very difficult. But once you have bitcoins, the next step is to sell your coins to someone you trust, or exchange them in a reliable exchange house.
Method 2: Charging in bitcoins and reselling your coins
Another very interesting option to earn money with bitcoins is to receive payments in Bitcoins for your products or services.
The bitcoin network and protocol allow you to receive anonymous and encrypted payments.
To collect your services or products in bitcoin you will need to have a payment platform backed by bitcoin technology.
All these services will help you collect bitcoins on your blog or website, and also allow you to convert your currencies at a real market rate.
You can also have a Bitcoin address, which consists of a 16-digit code with which you can receive payments being anywhere.
If you dedicate yourself to activities such as plumbing, or have an independent business, the best way to collect in bitcoin is to have a portfolio of bitcoins.
Your next step will be to change your bitcoins to the currency of your choice , with a reliable exchange service.
Method 3: Buying bitcoins and retaining them
This is one of my favorite methods. In the bitcoin community they call it HODL, which is an alteration of the word HOLD, which means to retain.
Hundreds of people who have trusted bitcoin as an alternative have managed to retain their bitcoins for several years. This has allowed them to see how their investment in cryptocurrencies is revalued and multiplied.
This is one of the easiest ways to earn money with bitcoin. All you need is your bitcoin wallet (physical or virtual) and a reliable bitcoin provider, or a exchange house.
This strategy of buying bitcoins and retaining them has been very useful for the last 3 years . I went from buying a bitcoin in 2014 for $ 350, to sell it a week ago at $ 4,500. A giant return on investment: I earned 12 times more than what I invested in 2014.
Method 4: Trading Bitcoins
If you have reached this point it is because you are looking for the best way to earn money with bitcoins without making much effort.
There are many other ways to earn money with bitcoins; like using faucets (which are pages that make you follow a series of steps and then pay them back with a small fraction of bitcoin-FREE), lending your bitcoins and charging interest, or receiving tips.
But the easiest way to make money with bitcoin is with social trading. Click on this link to find out what this new way of trading is about.
The leading platform in social trading (which is to buy and sell goods or financial instruments to make a profit) is called Etoro.
I will be very honest with you: Etoro has captivated me with its offer and system. That is why I would recommend them with your eyes closed.