Bitcoin fever is starting to gain momentum once again, with some analysts predicting a move up towards $50,000. If you want to position yourself for the next Bitcoin bull-run, then you need to understand the opportunities that exist in this market.
By positioning yourself before the growth of the next Bitcoin bubble, you stand to make a speculative gain in dollar value that could set you up financially for life. This guide will give you a few strategies you can implement to earn Bitcoin and create a future for yourself in the economy of digital currencies.
Method 1 – Trading
Trading Bitcoin for banking profits is one of the most popular answers to – how do you make money with Bitcoin? If you have a knack in analysing trading charts and you are ready to take risks, this option is for you. Sign up to Zipmex and exchange your local currency for the digital currency, BTC. Now, you have to wear a crypto trader’s cap. As soon as you see the best profit spike, trade your Bitcoins and enjoy the gain.
The icing on the cake is Bitcoin trading is available 24×7 so that you can trade at your convenience (obviously when profits soar high). Talking about convenience, our crypto trading platform – Zipmex, is available on both Android and iOS devices. You no longer need to force your eyeballs at the desktop as we bring the entire exchange in your pocket.
If you are less risk-averse, intra-day trading and arbitrage opportunities are made for you. Arbitrage means buying the same asset at a lower price and selling it at another platform while banking profits. Once you have a Zipmex account, chalk out a research-based trading plan while keeping a tab on the charts, considering the vitality of the Bitcoin world, trade the amount you can afford to lose.
Your profit margins in Bitcoin trading completely depend upon your dexterity of analysing charts and reading market situations. You can leverage Zipmex trading tools to gain more clarity about your trades. Zipmex trading tools ensure a frictionless trading experience.
Method 2 – Investing
Investing in Bitcoins is holding BTC until the iron becomes hot. HODL (Hold On for Dear Life) is the crypto lingo for long-term investments. If you believe in the positive future Bitcoin and are sure of its price surge, you must opt for investing. However, HODL investment must not be tied with fancy expectations.
You must know when is the right time to sell. If you are eyeing for long-term investments, you must keep your Bitcoins in a hardware wallet.
Are there some different options apart from buying-Bitcoin-and-then-selling-it kind of investments?
Yes, you can also make money with Bitcoin by investing in startups, companies, blockchain development, etc. These are research-intensive investments. You have to gauge the potential of a startup by analysing white papers, expert opinions, market demand, and whatnot. However, if you get this investment right, you will not just make some dollars with BTC; instead, you might hit a treasure chest.
The downside of investing is you have to hop between different exchanges to find the right investment opportunities. To your relief, Zipmex offers a wide range of investment options. No need to hop between exchanges, you find the top cryptocurrencies under one roof.
Method 3 – Mining
Bitcoin mining is the process of adding new blocks to the Bitcoin blockchain network by solving cryptographic puzzles.
If you have the technical know-how of mining and the luxury of high computing power, then mining is worth your effort. Bitcoin miners earned huge fortunes in the initial stages of this crypto revolution. However, today individual miners can hardly compensate for their electricity bills by mining Bitcoins.
Does this mean you can’t earn money with BTC mining? Not at all, there are cloud mining services where you have to pay once, and that’s about it. You don’t need to mine, nor you have to worry about your rising electricity bills.
Cloud mining services involve renting mining equipment for other miners so that they can mine for you. You have to invest once, and you will keep receiving your share of the cake. Before pouring your hard earned coin in a cloud mining company, verify it’s credibility as spam is at an all-time high in the crypto space.
To put it all together, mining is still profitable if you know how to do it the right way.You have certainly heard of electronic currencies and online trading with Bitcoins. The cryptocurrency, has become known and appreciated throughout the world as a safe payment method and not subject to central control.
In simple words : "It is a virtual currency, difficult to trace and not subject to the control of the Central Bank".
If until a few years ago, bitcoin was known only in the field of Mining and "mining cryptocurrencies" was the fastest way to "Grow Your Bitcoin Wallet Online Quickly"; today there are several other ways to exploit and speculate on volatility in a safer and faster way.
Start betting at Livebid:You can choose Livebid betting website and invest in Bitcoin (whether its value is up or down) and thus avoid some "flaws" that put the earnings of miners and those who decide to open at risk a bitcoin account, without any guarantee of security. Sign up now.
Let me explain better in a moment ... Here are some points in which I explain why Betting online in Bitcoin is the most advantageous method to earn in the short term:
You might & earn both when their value goes up and when it goes down.
Find the best website, copy the right strategies, and get the same results without fatigue.
Your funds will always be safely guarded on top-level banking Institutions.
Gain experience, help another betting invest in the Bitcoin Market and they will entrust you with their Funds.
They need no expensive calculators to carry out (fundamental for the Mining activity)
We always consider profits are always in the short and long term.
No need to go to the office or to a specific location because you can work from home.
How to Profit from Bitcoin
1. Trading
Trading is the first step that every beginner must know about to start making a profit from Bitcoin. Once you learn about Bitcoin trading, you will realize that it is the best part of Bitcoin investing as Bitcoin trading is accessible throughout the day. Also, while Bitcoin trading, always remember the general rule of thumb, i.e., Invest only what you can afford to lose.
2. Investing
Next up, after bitcoin trading comes the investing part. Investing in Bitcoin will teach you about the importance of selling your Bitcoins at the right time. Buying Bitcoin for sale at the right time is a sort of technique that plays an essential role in helping the Bitcoin trader make profits from Bitcoin. For example, in case you want to make a long-term investment, it is better to keep Bitcoins in a hardware wallet.
3. Mining
Bitcoin Mining is a popular technique of making a profit from Bitcoins. Here you can insert new blocks to the Bitcoin network through Blockchain technology, where you will have to solve cryptographic puzzles. The more you solve these puzzles, the more you can earn profits from Bitcoins. However, after every solved puzzle, the difficulty level increases, so you may consider joining a group of Bitcoin miners to solve the puzzles more efficiently.
4. Micro Earning
With Bitcoins rising in popularity, several advertising videos and online surveys reward a small number of Bitcoins as a reward to gain transactions and clicks on their videos and surveys. Yes, here you won’t be making any vast profits. But you can adopt this method to make profits from Bitcoin in your leisure time. Also, watching a few advertisements doesn’t consume a considerable amount of time.
5. Take it as a Payment
As Bitcoin's popularity continues to soar, several industries and corporations such as Starbucks and McDonald's have started trying out Bitcoin and some other cryptocurrencies as a mode of loyalty programs and payments. Likewise, you can even take Bitcoin as payment for your services and work and later can trade the same Bitcoins to make more profits. Besides, Bitcoin payment will allow you to accept payment from anywhere in the world without any hassle.
6. Lending
Lending Bitcoin is similar to lending money. At the same time, you can commit to the future of cryptocurrency and make a profit from it. But to do that, you will have to invest a specific time constantly. However, you can render bitcoins on lease to other Bitcoin experts and make a profit from it in a more consistent manner without having to do anything. This can also be seen as a passive method to earn profits from Bitcoin. Although, just like with money, you need to be careful with who you are lending your precious Bitcoins to.
More 5 Ways to Make Money With Cryptocurrency
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Best 5 Ways to Make Money in Crypto
1. Investing in Cryptocurrency
Investing is, perhaps, the most obvious and common way that some people are making money with cryptocurrency.
The idea here is simple, though: Investors buy cryptocurrencies like Bitcoin, Ethereum, etc. with a traditional account or a Bitcoin IRA. Then, they let it accrue value over time, with the goal of selling it for more than they purchased it. That is, this really only works under the assumption that cryptocurrencies will continue to see their values increase.
However, cryptocurrencies are a risky and volatile investment, so it’s important for investors to consider that before undertaking this strategy. In general, crypto investors may want to make sure that their crypto holdings are just one part of a diversified portfolio that includes other types of investments.
2. Day Trading Cryptocurrency
One could make the argument that trading and investing are the same thing. But they’re often differentiated, to a degree, by time horizons—traders are looking to make a relatively quick profit, while investors may only make a handful of changes to their portfolios per year.
Nonetheless, day trading can be another way to make money with cryptocurrency, just like it is with stocks or other securities. Day traders buy and sell assets within the same day, in order to try and score a quick profit. This is a risky strategy, since it’s hard to know how cryptocurrency values could change in any given day or over time.
But it is possible to buy and sell crypto day to day via an online brokerage platform to take advantage of price fluctuations, and ultimately, walk away with more money than you had to start with.
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3. Stake Your Crypto
The process of cryptostaking is similar to locking your assets up in the bank and earning interest—similar to a certificate of deposit (CD). You “lock up” your crypto holdings in exchange for rewards or interest from the platform on which you’ve staked the assets.
4. Mining
Crypto miners use any available processing power to solve complex equations, producing the next block in a blockchain, and earning new coins or tokens as a reward. If you don’t have the computing power to become a Bitcoin miner on your own, you may be able to join a Bitcoin mining pool—in which numerous miners “pool” their resources—to mine Bitcoin.
5. Earn Crypto Dividends
Another way to make money with your crypto assets is to earn dividends. If you’re at all familiar with investing in stocks or bonds, you’re probably at least somewhat familiar with dividends. In short, dividends are small cash payouts to shareholders. If a company turns a profit during a quarter (or year, it depends on the individual company), it’ll chop those profits up and return them to the company’s ownership (shareholders!).
While it’s unlikely you’ll see a huge proverbial tidal wave of dividends hit your crypto account without a huge balance, it can be a way to make money with cryptocurrency that you already have. That said, you’ll need to do some research to see which cryptos indeed pay dividends, and if the dividends they do pay are enough to make it worth it to you.
Some cryptocurrencies that do shell out dividends in the form of more coins (or tokens) include VeChain, NEO, Reddcoin, NAVCoin, Decred, and Komodo—and their annual dividends vary wildly. So, crypto dividends differ from stock dividends in that they’re not paying out cash, but rather, additional tokens
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