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For some strange reason, people tend to think that since Bitcoin is a new form of currency, there is some magic way you can earn Bitcoins or earn money from it easily. Im sorry to burst the bubble, but Bitcoin is just like any other currency out there.
While cryptocurrencies in general might hold some new possibilities for generating income the fundamentals are the exact same youll need to invest time, or money in order to generate money.
All the approaches Ill go over are things weve really tested ourselves here at 99Bitcoins, so you can rest assured were talking from experience. Lets get started
One of the most affordable, easiest but most time consuming tactics to really earn Bitcoin is through micro earnings. This means that youll essentially be doing little jobs and earning fractions of a coin for your period you spend.
A number of the more well-known micro earnings websites are Bitcoin taps websites which you repeatedly visit 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 . PTC sites will usually have you click on an advertisement or on a button on the site in order to generate 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 electricity for running your PC.
While participating as a tap user 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'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 faucet.
However, running a faucet requires a reasonable amount of time and effort. Youll need to establish 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. Simply put, you can use your BitcoinTalk signature to market a product and get paid for every post you write. The whole collection 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. Typically, anyone with a status 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 articles; such as length, original content, and more. .
Sometimes, theres also a minimum post requirement per week. From our experience you can make around $5 an hour depending no how much important site you write and your membership level. This, clearly, does not include the number of articles you need to compose in order to earn the required membership level on BitcoinTalk. .
One of the quickest, easiest but also riskiest ways that you can earn money with Bitcoin is by trading it on an exchange. Fundamentally youre trying to buy Bitcoin when its price is reduced and sell it when the cost 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 exchange and how to overcome the many risks involved in trading. Successful traders know they may get rid of money in the brief term but they consider it as an investment in their education, since they're aiming for the long run. .
If you want to be a dealer make certain that you've got sufficient time and funds 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 for free but get a commission if they manage to bring in paying customers.
Many Bitcoin exchanges, products 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 you can promote your affiliate link you can share it on Facebook, run advertising campaigns on different websites or even create your own information website and promote your links within your content.