Using Bitcoin until you can make money
Making money in the digital era like now does not always have to work out of the house. As technology develops, nowadays everyone can make money just by staying at home, with a laptop and internet network. You can also use a cellphone. One of the platforms that can make money is Bitcoin. We can earn money by playing bitcoin, we will mine bitcoins until we collect a lot and we can exchange them for the currency we use.
As time went on Bitcoin became more and more known, people began to be interested in owning Bitcoin and making money from BTC.
To be able to make money from Bitcoin, the first step you must have or buy Bitcoin.
Here I attach some ways that can be used to earn money with bitcoin.
Mining Bitcoin
One way to earn money from Bitcoin is to mine it. This is the most standard way to earn from Bitcoin.
You see, Bitcoin itself is obtained from the result of solving a complex algorithm by creating blocks to be added to the blockchain. Miners are essentially building a public ledger and enabling the entire Bitcoin system to function.
When a miner succeeds in creating a new block, the miner will be given a new Bitcoin as a reward. This is the usual way for miners to keep BTC growing. Unfortunately, mining is not an easy process, and requires the use of an adequate computer.
Bitcoin Investment
The principle of Bitcoin investment is actually almost the same as Bitcoin trading. The difference lies in the HODL timeframe. While trading takes only a short time, investing takes years.
The investment can be done by buying BTC when the price drops and holding it for a long time, then selling it again when the price is high.
The purpose of this investment is to get a large profit. If you save BTC from the start, of course you can profit hundreds of percent at this time.
In addition, you can also invest in several projects that use Bitcoin as a means of payment.
Completing Tasks Online
This method is allegedly the easiest method to make money from Bitcoin. But it took quite a long time to get it.
Sharing websites pays you in Bitcoins when you successfully perform certain tasks. For example, visit a Bitcoin ad and open it in 5-20 seconds.
Other tasks are being able to retweet posts, testing plugins whether they are compatible with browsers and so on, one of the websites that provides these tasks is Coinworker.
Become a Freelance and Accept Bitcoin as Payment
You can sell your skills such as writing, graphic design and others and then accept Bitcoin as a means of payment. Platforms that provide this include XbtFreelancer.com and Moneo.io.
Selling Bitcoin Goods or Services
Investors can make money from Bitcoin by selling goods and services.
It is then paid out with BTC in return. You can sell it on Telegram, WhatsApp or Facebook groups.
Doing Bug Bounties for ICO
There are many Initial Coin Offerings (ICO) around the world that have been launched on various platforms. However, there are still many ICOs that are being improved and tested to avoid problems, one of which is the presence of bugs.
You can try to find a bug and report it to the relevant company.
Then if you succeed, you can get a prize in the form of Bitcoin or other digital assets.
Lending (Margin Funding)
This method is less popular and quite risky compared to other ways to get money from Bitcoin.
Some exchanges allow you to lend BTC to other users. For example, at Bitfinex and Poloniex, you can generate Bitcoin through margin funding even though the results are relatively small.
However, if you want to get higher profits, and are willing to take risks, you can use a program like SALT.
It is a platform that provides cash loans when you give crypto assets as collateral.
Using the lending program, you can take out cash loans and reinvest them into the crypto market, for the purpose of increasing your position before the loan expires.
That's the way that can help you get Bitcoin and turn it into money. Don't forget to cash out BTC into the fiat currency you use.