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For some strange reason, people tend to think that since Bitcoin is a new type of currency, there's some magical way you can earn Bitcoins or even make money from it readily. Im sorry to burst this bubble, but Bitcoin is exactly like any other currency on the market.
While cryptocurrencies in general might hold a few new possibilities for generating income the fundamentals are the exact same youll need to invest time, or money in order to generate money.
All of the approaches Ill go over are things weve actually tested ourselves at 99Bitcoins, so that you can rest assured were talking from experience. Lets get started
One of the most affordable, easiest but also most time consuming ways to actually earn Bitcoin is through micro earnings. This means that youll essentially be doing little tasks and earning fractions of a coin for your period you spend.
Some of the more well-known micro earnings websites are Bitcoin faucets sites which you repeatedly visit every couple of minutes in order to claim a tiny amount of coins. Faucets are actually a subcategory of all PTC sites, PTC meaning Pay to Click. PTC sites will often have you click on an ad or on a button on the website in order to generate 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 electricity for running your computer.
While participating as a faucet user might not earn you a great deal of money, owning your own faucet is an entire different story. Today, you can construct a cryptocurrency faucet relatively easily 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 visitors 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 establish your own site, manage users, prevent fraud and also 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 market a product and get paid for every post you write. The whole collection of campaigns can be seen on the discussion .
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With a signature campaign You get paid according to your membership degree on BitcoinTalk. Usually, anyone using a standing less than full member wont get paid that much, if at all. To be a complete member, youll need at least 120 posts under your belt. web link There are also limitations on posts; for example length, original content, and 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 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 quickest, easiest but riskiest ways that you can earn money with Bitcoin is by trading it on an exchange. Fundamentally youre trying to get Bitcoin when its price 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. Experienced traders spend a substantial amount of time learning how to exchange and how to overcome the many dangers involved in trading. Full Article Successful traders know they might get rid of money in the short term but they look at it as an investment in their education, since they're aiming for the long term. .
If you want to be a trader make certain that you have sufficient time and capital to invest in great trading education.
One of the most overlooked ways to earn money with Bitcoin is by promoting various affiliate programs. Affiliates are people who promote a certain business free of charge 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 market that service or product.
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Naturally there are many ways you can promote your affiliate link you can share it on Facebook, run ad campaigns on different sites or even set up your own information website and promote your links within your content.