How to earn passive income by trading Bitcoin

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Avatar for ninjasurprise
3 years ago

So you are interested in earning Bitcoin you say? Bitcoin always seems to find itself in the center of crypto attention Now having a value of well over $50k (as of this time of writing) Bitcoin has started to gain more traction with the public. 

Interest in owning Bitcoin grew tremendously throughout this year, with even major corporations and celebrities buying in. Seeing the growing amount of publicity around Bitcoin and its growing popularity is certainly exciting, but what are some ways you can earn it?

There are a few ways to earn Bitcoin which include buying, trading, and doing work to earn it. For those who may not know, you do not need to own 1 whole Bitcoin, it’s possible to own fragments of one. You may now breathe the sigh of relief that you do not need to lay down $50k+. 

But what about earning perpetual income through Bitcoin? What “perpetual” means in this instance is, earning Bitcoin continuously while you go about your daily activities, otherwise known as passive income. 

Passive income streams are a great way to earn money while you sleep, and now you can earn it with Bitcoin. 

Using algo bots to trade Bitcoin

Yes, trading Bitcoin is one way to not only obtain this crypto and potentially get some big gains. Trading Bitcoin every day is a tedious task and typically only traders with years of experience tend to profit. 

So how can trading Bitcoin help to establish a revenue stream? The answer is not necessarily trading yourself but by using algo trading bots. 

Trading bots aren’t just for rich elites or major corporations, several platforms have made them readily available for all. UpBots is one such platform that is providing algo bots that are affordable and quick to set up. 

UpBots is a "one-stop-shop" for crypto traders with a unique selection of tools and an innovative incentive model.

There are several trading bots available on the UpBots rental service, one of which trades Bitcoin (BTC). 

As of writing this, this BTC trading bot has done +106.41% within 6 months.

The bot was pretty easy to set up. All I had to do was select it from the bots offered on the dashboard and click “Activate”, then it was off trading. 

There are currently three bots total to choose from in algo rental (created by 4C-Trading). BTC/USDT, ETH, and BNB are currently available to use. 

Right now all algo bots have the ability to trade on Binance and FTX with the team having plans to add more exchanges in the future.

Relax and let the bots handle it

Having to hold down a busy schedule I couldn’t find proper time to trade, but I really wanted to start trading Bitcoin. Being able to have trading bots manage my portfolio is pretty awesome overall, especially since I could go about learning more about crypto while still earning some profits. 

If you really want to capitalize on the current BTC trend but have little knowledge of crypto, then using trading bots on UpBots is a great way to start. Another little thing to note, the platform is free to sign up on and start using! 

Learning to trade Bitcoin or going about some of these other options can be quite time-consuming. Sometimes it’s just best to relax and let some bots take care of the lifting. 

So there is my two cents on another way to start earning passive revenue with Bitcoin.  


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Avatar for ninjasurprise
3 years ago

Comments

But BTC made 400+% in six months if I'm not mistaken. So you would have been better off just holding instead of using a trading bot. To see if it's great, you need to backtest the strategy in a bear market.

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3 years ago

Very true about the bear market indeed. Not gonna lie, holding is definitely a solid tactic. I believe trading bots can be a solid option for those new to crypto trading to start off, or those who are busy. I've enjoyed using them but yes to each their own. You do make solid points.

$ 0.00
3 years ago

It's true that trading bots are a lot of fun, I'm building my own for the fun of it and plan on using something like 2-5% of my portfolio with it, so I can still profit from just holding while trying new strategies.

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3 years ago

Yep! Always good to try new strategies :)

$ 0.00
3 years ago