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For some strange reason, people tend to think that because Bitcoin is a new type of currency, there is some magical way you can earn Bitcoins or make money from it readily. Im sorry to burst this bubblebut Bitcoin is exactly 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 time, or money in order to make money.
All the approaches Ill go over are things weve actually tested ourselves here at 99Bitcoins, which means that you can rest assured were talking out of experience. Lets get started
One of the cheapest, easiest but most time consuming tactics to actually earn Bitcoin is through micro earnings. This means that youll basically be doing small jobs and earning fractions of a coin to get the time you spend.
A number of the well-known micro earnings sites are Bitcoin faucets sites that you repeatedly go to every couple of 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 sites will often have you click on an ad or on a button on the website in order to make money from ad 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 computer.
While participating as a tap user might not earn you a great deal of money, owning your own faucet is an entire different story. Today, you can construct a cryptocurrency faucet relatively easily and earn money from selling ads on your website.
At 99Bitcoins we have been running our own faucet for almost 3 decades 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 requires a go now reasonable amount of time and energy. Youll need to set up 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 started running signature campaigns. Simply put, you could 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 .
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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 complete member wont get paid that much, if at all. To become a full member, youll need at least 120 articles under your belt. There are also limitations on articles; for example length, original content, and much more. .
Sometimes, theres also a check out this site minimum post requirement per week. From our experience you can make up to $5 an hour depending no how much you write and your membership level. This, of course, does not include the number of articles you need to compose in order to earn the mandatory membership level on BitcoinTalk. .
One of the fastest, easiest but also riskiest ways you can make money with Bitcoin is by trading it on an exchange. Basically youre trying to buy Bitcoin when its price is low and sell it when the price rises.
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But, 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 overcome the many dangers involved with trading. Successful traders know they may get rid of money in the short term but they consider it as an investment in their education, since they're aiming for the long term. .
If you want to be a trader make certain that you have sufficient time and capital to invest in great trading education.
One of the most overlooked methods to make money with Bitcoin is by promoting various affiliate programs. Affiliates are individuals who market a certain business free of charge but get 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 market that service or product.
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Of course there are many ways that you can promote your affiliate link you can discuss it on Facebook, run advertising campaigns on different sites or even create your own information website and boost your links within the content.