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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 make money from it easily. Im sorry to burst this bubble, but Bitcoin is just like any other currency on the market.
Even though cryptocurrencies in general may hold some new possibilities for generating income the fundamentals are the exact same youll need to invest cash, or money in order to make money.
All of the methods Ill go over are things weve actually tested ourselves here at 99Bitcoins, which means that you can rest assured were talking from experience. Lets get started
One of the cheapest, easiest but most time consuming tactics to really earn Bitcoin is via micro earnings. This means that youll essentially be doing little jobs and earning fractions of a coin for the time you spend.
Some of the more well-known micro earnings sites are Bitcoin faucets sites which you repeatedly visit every few minutes in order to claim a tiny amount of coins. Faucets are in fact a subcategory of all PTC sites, PTC meaning Pay . PTC sites will usually have you click on an ad or on a button on the site in order to make money from ad sales.
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From our calculations, if 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 person might not earn you a great deal of money, owning your own faucet is a whole different story. Now, you can build 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 traffic you have you can make up to $1000/month running a faucet.
But, running a faucet takes a reasonable amount of time and effort. Youll need to set up your own site, 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 could use your BitcoinTalk signature to advertise a product and get paid for each post you write. The complete collection of campaigns can be seen on the forum itself.
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Having a signature campaign You get paid according to your membership degree on BitcoinTalk. Typically, anyone using a status less than full member wont get paid that much, if at all. To become a full member, youll need at least 120 articles under your belt. Additionally, there are limitations on articles; such as 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 just how much you compose and your membership level. This, of course, does not include the number of posts you need to compose in order to earn the required membership level 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 buy Bitcoin when its cost 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 trade and the way to conquer the many risks 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 own education, since they are aiming for the long run. .
If you want to become a dealer be sure you've got the time and capital to invest in good trading education.
One of the most overlooked methods to earn 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 providers have an affiliate explanation program in which you can enroll. You then get your own unique affiliate link in order to promote that product or service.
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Naturally there are many ways that you can market your affiliate link you can discuss it on Facebook, run ad campaigns on different sites or even create your own information website and boost your links within your content.