It is very common for someone to start in Bitcoin with expectations of making money, and fast. After all, it is not every asset class that achieves returns of 100% or more in a single week. The problem is that in addition to the expectations of unreal gains, scammers appear, people who take advantage of the population's ignorance , with promises of easy money.
We need to make it clear that there is no way to make money without working, without risk, without effort, especially in a short period of time. Yes, it is possible to be successful either by making trade - making purchases and sales - working in exchange for Bitcoin, or even working in ecosystem companies.
In general, we recommend customers to be wary of any promise of fixed income in Bitcoin and cryptocurrencies . This includes binary options, signal groups, automated trading robots, and even lending platforms. This does not mean that there are no serious companies in this segment, but there is always some risk that must be analyzed carefully.
Earning money through trade or hold
The most common forms, which depend most on the investor's own capacity, are trade - making purchases and sales for profit - in addition to hold , which means holding, or maintaining the investment for a long period . Due to its non-inflationary characteristic, in addition to the security and agility to store values and carry out international remittances without intermediaries, there is a growing demand for Bitcoin.
Part of the investors prefer to make short and medium term movements, either through daytrade, looking for intra-daily fluctuations in the quotation, or swing trade, looking for trends that can last for days or a few weeks. There are also traders who act as arbitrators or market makers, negotiating eventual disparities in prices between exchanges.
There is no magic formula, it is possible to maintain long-term investment portfolios, while a separate amount is used for trading, or more frequent trading. The fact is that the potential of the cryptocurrency market is enormous, and even after an increase of 1.270% since 2017, Bitcoin does not total even 2% of the gold market capitalization, for example.
Important tips for Bitcoin traders
The Bitcoin Market has produced a very didactic video with practical tips for those who are starting in the cryptocurrency trade, or want to know sources of information to improve their results. This includes the types of orders that can be used to buy or sell, in addition to different trader profiles.
Loan platforms
In the traditional market, it is possible to rent shares in companies, or even lend your money to the bank through a Certificate of Deposit (CDB). In this way the investor is able to obtain a remuneration for the hold, or maintenance of the investment.
Over the years some cryptocurrency platforms have emerged that replicate this strategy. This service allows people and companies to borrow Bitcoins, either to make leveraged trades , or to leave them of guarantee in exchange for stablecoins for a period. In this way, it is possible to remunerate those who make their Bitcoins available on the platform.
This is offered both through centralized platforms and through DeFi, decentralized financial investments. However, a complete risk analysis of each platform must be carried out before exploring this area . Make sure that the return only exists when there is some exposure to negative variations.
Freelancer providing services on the network
Although it is possible to offer services on traditional websites like Fiverr and Upwork, and later buy the amount collected in cryptocurrencies, some platforms offer such intermediation between service provider and contractor directly in Bitcoin.
Below is a list of the most cited examples in forums and special publications, so the Bitcoin Market disclaims any responsibility, nor is it linked to any of these sites:
Bounty0x.io - receive cryptocurrencies to join Telegram groups, give likes / shares on social networks, write content about blockchain, among others;
Cruptogrind - platform similar to traditional freelancing, which includes programming, marketing, video and animation, content production, and the like;
Cryptojobs - classifieds of jobs in the area of cryptocurrencies, including remote jobs;
CoinBucks - earn Bitcoin by installing and promoting mobile apps, or answering questionnaires.
Be careful of scams and the promise of easy money.
Mining
The mining process is responsible for validating transactions , and then recording them on the blockchain, this public and decentralized database. Some cryptocurrencies require specialized equipment, called ASICs, but others are mineable via CPU or video cards.
Mining consumes a large amount of electricity , so it is only profitable in regions with low electricity costs. In Brazil, due to taxes and high tariff costs for electricity and equipment imports, mining has not been profitable.
We alert readers to the vast number of sites and companies that claim to mine in the cloud, that is, by renting their datacenters. Over the years it was discovered that the vast majority did not honor contracts after some time, or they had sublet a third party operation and then disappeared. Be very careful if you want to venture into this area!
Conclusion
Avoid promises of easy money, and make sure the recipients of your cryptocurrency transfers are reputable , as such transactions are irreversible. There are several people and groups who pretend to hold prizes, sweepstakes and reward programs by requiring deposits for registration or similar.
The best way to earn money with Bitcoin is to work and save gradually , buying in the Bitcoin Market every month when there is surplus cash.
To those who wish to earn money in the trade, we recommend study, caution and dedication. Don't believe stories of people who made money in Bitcoin easily and without risk.
