I am sure you are here to learn how to make money with bitcoin.
Or maybe you are looking to generate some extra revenue or build your wealth portfolio? Making money with Bitcoins is a great opportunity you have been waiting for.
Making money trading bitcoins is one of the greatest financial innovations ever made.
The growing popularity of digital currency and the mass adoption of bitcoin and what the rich are saying around the world has left a great opportunity that you can capitalize on as an entrepreneur.
The mere fact that you are reading this article is enough to imply that you are already aware of the tremendous growth capacity of the Bitcoins market.
Therefore, let's take a look at proven ways of making money with bitcoin and you will also discover recommended books and training programs that will give you leverages to make greater income.
Discover some proven ideas you can use to earn money with Bitcoins.
What is Bitcoin About and How Does it Work?
When it comes to cryptocurrency, Bitcoins is the first decentralized digital currency also known as the cryptocurrency.
Cryptocurrency is a new financial system of its kind independent of any central authority, it is defined by Wikipedia as stated below:
In 2007, Satoshi Nakamoto (nobody knows whether the name represents an individual or a group) started developing the Bitcoins concept.
In January 2009, the first version (0.1) of Bitcoins was released, and it's very first transaction happened between Satoshi and Hal Finney. In October 2009, the Bitcoins exchange rate was 1 USD equal to 13,309.03 BTC.
The Bitcoins price rose slowly over the cause of the following year. By January 2018, the number of bitcoins in circulation was equivalent to 200 billion USD.
The following years saw the Bitcoins market share continue to increase with the likes of Dell, PayPal.com, Amazon.com, Overstock.com, CVS, Target and many other companies accepting Bitcoins as a means of payment.
Since then it has gained a lot of success as a peer-to-peer means of exchange. Today, 1 BTC is equivalent to over 13,000 USD boasting a market capitalization of over $204 Billion USD.
Seven Ways To Make Money With Bitcoins
You are well aware that a peek into the past is a good way of predicting the future right? Now that you have a rough picture of the Bitcoins market, let's look at some ways you can make money with Bitcoins.
Making Money Blogging About Cryptocurrency
This is my best way of making money online via bitcoin, you can create a website and start educating bitcoin audience i.e. your niche market.
You will be reviewing several cryptocurrencies and educating every person that will be visiting your websites.
There are a lot of cryptocurrency websites that you can affiliate to and start making money as an affiliate marketer online, affiliate marketing still remain a gold mine today.
You will be promoting their business and be earning a commission. With these types of business model, you are expected to be reviewing and promoting the product of those websites.
Operating A Bitcoins Teller Machine
A BTM is a specialized Automated Teller Machine, also known as a Bitcoins Teller Machine.
If your pockets run deep, this is a more profitable approach to start a business buying and selling Bitcoins.
BTMs charge a transaction fee of 5-10% or even higher in some cases. Some operators who have their BTMs in a prime location report ROI in less than a year.
Another advantage is that the machines do not consume a lot of space
Make Money Trading Bitcoins As Broker
Setting yourself up as a broker may perhaps be one of the most common ways to start a Bitcoins business. You buy low and sell when you feel it is high enough for you to make your margin.
You can buy and sell bitcoin on many bitcoin exchanges, we have over 70 cryptocurrency exchanges; where you can trade bitcoin.
You must ensure that you DO NOT invest money you can not lose. Buy and selling of bitcoin for margin profits is a fragile and delicate business. You can lose all your money if care is not taken.
By buying and selling Bitcoins with other users, brokers can make a substantial amount of profit from the spread. The spread is the variation between the bidding and asking price.
Unlike other financial systems, cryptocurrency users have a preference for peer-to-peer means of exchange as compared to dealing with large companies.
This means that you can easily set yourself up as a broker on the Internet or in your local area and earn a decent living.
Bitcoins Faucet & Websites
Building and managing your Bitcoins faucet is one of the most popular methods of making money with Bitcoins.
For those who have no idea what that means; it is a website that pays out Bitcoins to its visitors in small quantities around 0.0001 BTC.
Faucets leverage heavily on traffics to make money, in the process they give away free Bitcoins. As a matter of fact, 50% of the top Bitcoins websites that lead to traffic are faucets.
As you may have noted, you may not make a lot of money visiting faucets, but if you were to build and manage your own, well that is something else.
There are also plenty of affiliate programs and advertising networks that pay in Bitcoins
To start a Bitcoins Faucet, you have to have a website. It is so easy to have a website these days.
Creating a website free is everywhere, this is why you have to choose a very good domain like the one provided by Wealthy Affiliate.
White Label Opportunities
This is when an already established brand lets you take their service or product, re-brand it, and present it as an independent business.
One way to make use of a white label opportunity is by running a cryptocurrency exchange website.
This allows you to use their exchange software while letting you choose your coins and currencies, set your fees, and even customize the interface as you see fit.
Become A Bitcoins Miner
Although a very sophisticated process that involves tremendous technique, this is how Bitcoins work.
People usually send Bitcoins to one another over the networks. To keep the track of who sent what, it is the duty of Bitcoins miners to keep the track of these transactions.
The Bitcoins network always collects transactions made over a set time into a list called a block. It is the job of the Bitcoins miners to confirm those transactions.
Bitcoins mining is very competitive today, and as a startup, you must be willing to invest a significant amount of capital for the equipment and energy costs.
Mobile Games & E-books
Some new games and applications have graced the Android space where players are awarded free Bitcoins for their spent time, viewing advertisements and also referring new users.
Such games include Oh Crop!, Coin Flapper and BattleCoin.org. PaidBooks.com is a site that pays readers 400 satoshis for every 10 minutes to engage in their E-books.
Investing In Bitcoins
Bitcoins have proven time and again their tremendous ability to increase in value over a short period. Investing in Bitcoins now and in the future can be an excellent way to grow your investment.
The fact that the production of Bitcoins is strictly regulated and their supply is limited is a clear indicator that it will increase in value.
Despite all the saying and opposition of the various government and rumor od banning of bitcoin in various states and nations of the world, bitcoin is still grown in great value.
Bitcoins continues to offer a prospective way to trade our goods and service without the need for major financial organizations; bringing power back to the masses.
Make Money with Bitcoin Without Your Bitcoin
Wealthy Affiliate is a great platform and program that can help you make a lot of money with Bitcoin,
Wealthy Affiliate has everything in place that will help you showcase Bitcoin to the world.
Wealthy Affiliate is a training platform that brings together an entrepreneur of over 900,000.
Wealthy Affiliate will train you to choose an interest in your choice (Bitcoin); there are millions of another business ideal.
You will learn how to attract visitor to your site and how to monetize your website.
With more than 100 video + text training material that will take step by step on how to be successful online.
You don't need to know anything about the website, just know how to hold the mouse and you should be able to read.
With your own hard work and determination to succeed, you will soon become an authority in your niche.
Help is also everywhere at Wealthy Affiliate with a community affiliate all over the world that is online 24/7.
Just post your question to the chat room and someone will definitely come with an answer, I can assure you that you will receive several solutions to your questions for the best decision.
What is your take on proven ways of making money with Bitcoin? Do you have the alternative to making money with Bitcoins?
Please share your take in my comment area and let gain from your experience. You can also download any of the above books and training on Bitcoin.
I also welcome you to Wealthy Affiliate, you can check me up on my Personal Profile Page in Wealthy Affiliate, it is the best place to be.