4 Effective Methods To Earn Money With Bitcoin - Sourajit Saha

Sunday, 11 February 2018

4 Effective Methods To Earn Money With Bitcoin

The first day I met the Bitcoin I had a revelation. I felt it would be something big. But I had no idea that 8 years after its creation, Bitcoin would revalue itself so much and reformulate the rules of the financial game around the world. I never imagined the opportunities that we had, this small group of entrepreneurs who trusted in this new technologyLife changed us completely. Today there is no day that passes without seeing the price of Bitcoin, or stop reading the news about cryptocurrencies. I am in a group of Bitcoin enthusiasts, and when the revolution arrived we were in the right place, with the right people and at the ideal time. Some say we were lucky, because making money with bitcoins is for many an unattainable dream.
But today I come to tell you that if you want to earn money with bitcoin, you are not late to assimilate to this movement. Despite the fact that every day the market is filled with more people, new opportunities are emerging to earn good money investing in Bitcoins.
How does bitcoin work?
The first step to earn money with bitcoin is to know its functionality well . Bitcoin is a cryptocurrency with impressive qualities and benefits: It is secure, encrypted, and decentralized.
To learn more about Bitcoin and its functionality visit this guide that we did in Gananci: What is Bitcoin and what are they for?
Bitcoin is an encrypted currency that works on 3 fundamental technologies:  the blockchain, or chain of blocks (which in simple Spanish is a distributed database); P2P or peer-to-peer networks (a decentralized data network); and cryptography.
Bitcoin was created as a decentralized and anonymous payment network, with open source and irreversible payments. To not complicate technical things, Bitcoin works in the same way as conventional money, but with many more benefits .
It is a system that serves to tranza payments by products or services, in an anonymous way, without intermediaries and direct. Without further ado, it is the currency of the future.
How to obtain bitcoins?
There are many ways to earn money with Bitcoins. Logically, the most popular methods imply that you acquire bitcoins , and then you can sell them to earn money in your preferred currency.
Keep in mind, that the first step to earn money with bitcoins, is to obtain your first currency. For this, below, you will discover the 4 most popular methods to obtain and earn money with bitcoins . 

Method 1: Mining and selling your coins
It is perhaps the most inaccessible method to earn money with bitcoins , given the complexity of blockchain mining. In addition, the high costs of computers dedicated to these tasks make bitcoin mining a discipline unattainable for many.
Even so, the rewards for mining bitcoins can be very juicy.
The cryptocurrency mining works in the following way: A program on your computer uses your graphic processor to solve very complex problems that the Bitcoin network provides .
If your computer solves this problem, and gives a working test, the bitcoin network rewards you with a fraction of its cryptocurrency.
By repeating this process successively, you will be able to obtain bitcoins. But there is something negative in this method: more and more people are undermining, and the more people mine, the more difficult it will be to solve these problems and get bitcoins.
For this reason, mining can be very difficult. But once you have bitcoins, the next step is to sell your coins to someone you trust, or exchange them in a reliable exchange house.

Method 2: Charging in bitcoins and reselling your coins
Another very interesting option to earn money with bitcoins, is receiving payments in Bitcoins for your products or services.
The network and the bitcoin protocol allow you to receive anonymous and encrypted payments . A great advantage for your business.
To collect your services or products in bitcoin you will need to have a payment platform supported by bitcoin technology .
Some of the services you can use to receive bitcoin payments on your website:
  • Bitpagos
  • Bitpay
  • Coinyfy
  • Coinpayments
All these services will help you collect bitcoins on your blog or website , and also allow you to convert your currencies at a real market rate.
Also, you can have a Bitcoin address, which consists of a 16-digit code with which you can receive payments being anywhere.
If you dedicate yourself to activities such as plumbing, or have an independent business, the best way to charge in bitcoin is to have a bitcoin portfolio.
The most popular portfolios are:
  • Coinbase
  • Mycellium
  • Uphold
  • CEX.io
Your next step will be to change your bitcoins to the currency of your preference , with a reliable exchange service. 

Method 3: Buying bitcoins and retaining them
This is one of my favorite methods. In the bitcoin community they call it HODL, which is an alteration of the word HOLD, which means to retain.
Hundreds of people who have relied on bitcoin as an alternative have managed to retain their bitcoins for several years. This has allowed them to see how their investment in cryptocurrencies is revalued and multiplied.
This is one of the easiest ways to earn money with bitcoin. All you need is your bitcoin wallet (physical or virtual) and a reliable bitcoin provider, or a currency exchange.
The most reliable virtual wallets in the market, where you can receive your bitcoins, are:
  • Mycellium
  • Coinbase
  • Bitpay
  • Uphold
  • XAPO
Once you have your wallet, you can proceed to buy your bitcoins to keep them , in the following services (do not forget to withdraw them to your bitcoin wallet):
  • Coinbase
  • Coinmama
  • Cex.io
  • Poloniex
  • LocalBitcoins
  • Kraken
  • Cryptobuyer
This strategy of buying bitcoins and keeping them has been very useful for the last 3 years . I went from buying a bitcoin in 2014 for 350 dollars, to selling it a week ago at 4500 dollars.
A giant return on investment: I won 12 times more than what I invested in 2014.
Even so, in my opinion, the best way to take advantage of the volatility of the bitcoin price is with the following method.


Method 4: Trading bitcoins
If you have reached this point it is because you are looking for the best way to earn money with bitcoins without much effort.
There are many other ways to earn money with bitcoins; like using faucets (which are pages that make you follow a series of steps to then reward them with a small fraction of bitcoin-FREE), lending your bitcoins and charging interest, or receiving tips .
But the simplest way to earn money with bitcoin is with social trading . Click on this link to find out what this new way of trading is about. The leading platform in social trading (which is buying and selling goods or financial instruments to make a profit ) is called Etoro .
I will be very honest with you: Etoro has captivated me with its offer and system. For this I would recommend them to you with closed eyes. In the network have called Etoro the Facebook of investments . And it's because of how easy it is to use that you've earned this label.
In addition, this investment platform that will allow you to earn money with bitcoin , has a very committed community; full of very experienced investors who can help you with free investment advice, and you can copy their strategies to achieve maximum return. But remember; This is not a scheme to make you rich overnight. To earn a lot of money, you will need to invest a respectable amount.
.................................................................................
The first day I met the Bitcoin I had a revelation. I felt it would be something big. But I had no idea that 8 years after its creation, Bitcoin would revalue itself so much and reformulate the rules of the financial game around the world. I never imagined the opportunities that we had, this small group of entrepreneurs who trusted in this new technologyLife changed us completely. Today there is no day that passes without seeing the price of Bitcoin, or stop reading the news about cryptocurrencies. I am in a group of Bitcoin enthusiasts, and when the revolution arrived we were in the right place, with the right people and at the ideal time. Some say we were lucky, because making money with bitcoins is for many an unattainable dream.
But today I come to tell you that if you want to earn money with bitcoin, you are not late to assimilate to this movement. Despite the fact that every day the market is filled with more people, new opportunities are emerging to earn good money investing in Bitcoins.
How does bitcoin work?
The first step to earn money with bitcoin is to know its functionality well . Bitcoin is a cryptocurrency with impressive qualities and benefits: It is secure, encrypted, and decentralized.
To learn more about Bitcoin and its functionality visit this guide that we did in Gananci: What is Bitcoin and what are they for?
Bitcoin is an encrypted currency that works on 3 fundamental technologies:  the blockchain, or chain of blocks (which in simple Spanish is a distributed database); P2P or peer-to-peer networks (a decentralized data network); and cryptography.
Bitcoin was created as a decentralized and anonymous payment network, with open source and irreversible payments. To not complicate technical things, Bitcoin works in the same way as conventional money, but with many more benefits .
It is a system that serves to tranza payments by products or services, in an anonymous way, without intermediaries and direct. Without further ado, it is the currency of the future.
How to obtain bitcoins?
There are many ways to earn money with Bitcoins. Logically, the most popular methods imply that you acquire bitcoins , and then you can sell them to earn money in your preferred currency.
Keep in mind, that the first step to earn money with bitcoins, is to obtain your first currency. For this, below, you will discover the 4 most popular methods to obtain and earn money with bitcoins . 

Method 1: Mining and selling your coins
It is perhaps the most inaccessible method to earn money with bitcoins , given the complexity of blockchain mining. In addition, the high costs of computers dedicated to these tasks make bitcoin mining a discipline unattainable for many.
Even so, the rewards for mining bitcoins can be very juicy.
The cryptocurrency mining works in the following way: A program on your computer uses your graphic processor to solve very complex problems that the Bitcoin network provides .
If your computer solves this problem, and gives a working test, the bitcoin network rewards you with a fraction of its cryptocurrency.
By repeating this process successively, you will be able to obtain bitcoins. But there is something negative in this method: more and more people are undermining, and the more people mine, the more difficult it will be to solve these problems and get bitcoins.
For this reason, mining can be very difficult. But once you have bitcoins, the next step is to sell your coins to someone you trust, or exchange them in a reliable exchange house.

Method 2: Charging in bitcoins and reselling your coins
Another very interesting option to earn money with bitcoins, is receiving payments in Bitcoins for your products or services.
The network and the bitcoin protocol allow you to receive anonymous and encrypted payments . A great advantage for your business.
To collect your services or products in bitcoin you will need to have a payment platform supported by bitcoin technology .
Some of the services you can use to receive bitcoin payments on your website:
  • Bitpagos
  • Bitpay
  • Coinyfy
  • Coinpayments
All these services will help you collect bitcoins on your blog or website , and also allow you to convert your currencies at a real market rate.
Also, you can have a Bitcoin address, which consists of a 16-digit code with which you can receive payments being anywhere.
If you dedicate yourself to activities such as plumbing, or have an independent business, the best way to charge in bitcoin is to have a bitcoin portfolio.
The most popular portfolios are:
  • Coinbase
  • Mycellium
  • Uphold
  • CEX.io
Your next step will be to change your bitcoins to the currency of your preference , with a reliable exchange service. 

Method 3: Buying bitcoins and retaining them
This is one of my favorite methods. In the bitcoin community they call it HODL, which is an alteration of the word HOLD, which means to retain.
Hundreds of people who have relied on bitcoin as an alternative have managed to retain their bitcoins for several years. This has allowed them to see how their investment in cryptocurrencies is revalued and multiplied.
This is one of the easiest ways to earn money with bitcoin. All you need is your bitcoin wallet (physical or virtual) and a reliable bitcoin provider, or a currency exchange.
The most reliable virtual wallets in the market, where you can receive your bitcoins, are:
  • Mycellium
  • Coinbase
  • Bitpay
  • Uphold
  • XAPO
Once you have your wallet, you can proceed to buy your bitcoins to keep them , in the following services (do not forget to withdraw them to your bitcoin wallet):
  • Coinbase
  • Coinmama
  • Cex.io
  • Poloniex
  • LocalBitcoins
  • Kraken
  • Cryptobuyer
This strategy of buying bitcoins and keeping them has been very useful for the last 3 years . I went from buying a bitcoin in 2014 for 350 dollars, to selling it a week ago at 4500 dollars.
A giant return on investment: I won 12 times more than what I invested in 2014.
Even so, in my opinion, the best way to take advantage of the volatility of the bitcoin price is with the following method.


Method 4: Trading bitcoins
If you have reached this point it is because you are looking for the best way to earn money with bitcoins without much effort.
There are many other ways to earn money with bitcoins; like using faucets (which are pages that make you follow a series of steps to then reward them with a small fraction of bitcoin-FREE), lending your bitcoins and charging interest, or receiving tips .
But the simplest way to earn money with bitcoin is with social trading . Click on this link to find out what this new way of trading is about. The leading platform in social trading (which is buying and selling goods or financial instruments to make a profit ) is called Etoro .
I will be very honest with you: Etoro has captivated me with its offer and system. For this I would recommend them to you with closed eyes. In the network have called Etoro the Facebook of investments . And it's because of how easy it is to use that you've earned this label.
In addition, this investment platform that will allow you to earn money with bitcoin , has a very committed community; full of very experienced investors who can help you with free investment advice, and you can copy their strategies to achieve maximum return. But remember; This is not a scheme to make you rich overnight. To earn a lot of money, you will need to invest a respectable amount.
.................................................................................

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Sourajit_Saha
Hi, I’m Sourajit Saha, An Online Marketer & Cryptocurrency Spectator From Kolkata, India. I Have Been Blogging Since Last Quarter Of 2010. I Started Blogging As A Hobby, And Soon It Turned Into Passion And Later Profession. Click Here To Know About Me!

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