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For some strange reason, people tend to think that since Bitcoin is a new type of currency, there is some magic way you can earn Bitcoins or even earn money from it easily. Im sorry to burst this bubble, but Bitcoin is just like any other currency out there.
While cryptocurrencies in general might hold a few new possibilities for generating income that the fundamentals are the exact same youll need to invest time, or money in order to make money.
Each one of the approaches Ill go over are things weve actually tested ourselves at 99Bitcoins, so you can rest assured were talking from experience. Lets get started
One of the cheapest, easiest but also most time consuming tactics to really earn Bitcoin is through micro earnings. This means that youll essentially be doing small tasks and earning fractions of a coin for your period you spend.
A number of the well-known micro earnings websites are Bitcoin faucets sites that you repeatedly visit every couple of minutes in order to claim a very small amount of coins. Faucets are actually a subcategory of all PTC websites, PTC meaning Pay to Click. PTC websites will usually have you click on an advertisement or on a button on the website in order to make money from advertisement 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 PC.
While participating as a tap person might not earn you a lot of money, owning your own faucet is a whole different story. Now, you can construct a cryptocurrency faucet relatively easily and earn money from selling ads on your website.
At 99Bitcoins we've been running our own faucet for almost 3 years now. Depending on the advertisers youre using and the amount of traffic that you have you can make around $1000/month running a tap.
But, running a faucet requires 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 complete collection 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. Usually, anyone using a standing less than full member wont get paid that much, in the end. To be a full member, youll need at least 120 articles under your belt. Additionally, there are limitations on posts; such as length, original content, and much more. .
From time to time, theres also a minimum post requirement each week. From our experience you can make around $5 an hour depending no just how much you compose and your membership level. This, clearly, 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 riskiest ways that you can make money with Bitcoin is by trading it on an exchange. Fundamentally youre trying to buy Bitcoin when its price is low and sell it when the cost increases.
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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 the way to conquer the many risks involved with trading. Successful traders know they may lose money in the important site 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 sufficient time and capital to invest in great trading education.
One of the most overlooked ways to make money with Bitcoin is by promoting various affiliate programs. Affiliates are people who market a certain business for free but receive 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 promote that product or service.
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Naturally there are many ways that you can promote your affiliate link you can share it on Facebook, run advertising campaigns on different sites or even create your own information website and boost your links within the content.