Strategic Guide to Make Money with Bitcoin
On this page, I will present you a simple strategy guide to know how to make money with bitcoin without investing anything thanks to bitcoin.
There are a lot of methods to win bitcoin and I do not pretend to say that the method presented here is the most effective. However, it is the most interesting for those who do not wish to take any financial risk and who do not have advanced computer skills.
I will present each step of the strategic plan to win bitcoin, so you follow it in order to obtain interesting results.
It is possible that this guide is updated with the addition of new steps also check as often as possible the latter to have the latest news to win more and more bitcoin. With this guide, you will be able to Make money with Bitcoin without investing anything from your pocket.
Step 1: Create your bitcoin wallet
First of all, in order to make money with bitcoin, you will need a wallet that will show you the bitcoin balance your own. In addition, you can make your bitcoin transfers (sending and receiving).
Step 1: Build a starting bitcoin capital thanks to the faucet
Once you have created your wallet and therefore you will have the first bitcoin address you can earn through the faucet.
Falcons are the easiest and safest way to earn your first bitcoin, in other words, you have absolutely nothing to invest beyond your time.
Read this article to discover the faucet.
In addition, you can also win bitcoin with your Android smartphone or your iPhone by downloading free applications. So if you are traveling and not in front of your pc you can make money and not waste your time doing nothing if you are in a queue for example.
Once you have reached a capital between 10 and 20 euros you can move on to the next step.
You will understand that the faucet will allow you to make money without investing anything and thus constitute a starting capital that you will be able to use in the next step.
Step 2: Buy Mining Contracts to Make money with bitcoin Automatically:
Now that you have a bitcoin capital of between 10 and 20 euros, you will be able to buy your first mining contract.
To make a simple mining contract will allow you to obtain computing power (expressed in hash / s) that will allow you to mine bitcoin every day without having anything to do. At this point, you will not have much to do other than check your mining records every day to see how much money you have made.
The goal will be to make you profitable after several months so you will have to be patient and think carefully when you buy a mining contract.
In addition to your mining contracts, nothing prevents you from continuing to use the faucets to continue to grow your bitcoin capital in addition to the gains you will have achieved through mining in the cloud.
After these first two steps, you will be able to go even further by mining with your own material, so I invite you to take the next step.
Step 3: Miner with your own hardware
This step will require a starting investment because you will need to buy equipment to get into cryptocurrency mining. If you are not yet ready to invest money, then this step of the guide is to be avoided.
There is various computer equipment to mine cryptocurrencies such as graphics cards or even USB keys.
However, you have the option to mine with your own computer thanks to some plug and play software provided by some sites. The site offering the most interesting offer on this subject is called mine gate.
With mine gate, you will be able to use your own computer to make money with bitcoin without investing anything. It will also be possible to use your own smartphone or tablet to undermine cryptocurrency however I do not advise you because these devices bear much less intensive mining than a traditional pc.
To go even further in cryptocurrency mining it will be necessary to mount what is called a mining rig and is an assembly of several graphics cards connected to a motherboard.
Make Money with Bitcoin By Investment:
There are many ways to make money with Bitcoin today. Indeed, the craze around cryptocurrencies has led to the development of new ways to invest in Bitcoin. Thus, to earn money with Bitcoin, it is now possible to trade on specialized platforms, to use derivatives, or to invest in start-ups, for example by acquiring token during an ICO.
Make money with Bitcoin via trading platforms:
In the opinion of many institutional investors, Bitcoin is not made of the same metal as many of the most prestigious and well-known financial investments. However, a new investor profile is emerging. They take advantage of platforms such as Coinbase to acquire Bitcoins after a sharp correction of prices, in order to resell them later with a comfortable added value. Indeed, it is not uncommon to see variations of several hundred dollars on the course of Bitcoin, in a day.
More and more users do not see Bitcoin as a simple transfer tool, but rather a common medium for investing, or as a store of value. A bit like precious metals such as gold and silver. According to a study conducted in 2016, 65% of users of the Coinbase platform said they saw Bitcoin as an investment vehicle. Which is logical since the high volatility of bitcoin is a risk but also an opportunity.
Find the prices of cryptocurrencies live:
Trading Bitcoin as Forex, or with Derivatives
Another possibility to earn money with bitcoin, but requires the technical background to arbitrate on the price of Bitcoin between two trading platforms, such as Kraken and Coinbase. A speculation technique developed by traders on currencies called in the jargon traders. These earn money by buying Bitcoin on one platform to sell on the other. Many Forex brokers offer to speculate on Bitcoin with conventional tools, playing on Bitcoin exchange rates euros, or Bitcoin dollars.
The financial companies are currently developing in partnership with FinTech Blockchain ecosystem Trackers to launch an index on Bitcoin. A partnership has even been set up with the Chicago Mercantile Exchange, which is the largest derivatives market in the world. The banks will logically follow, also offering Trackers based on a Bitcoin index recognized by all.
Make money with Bitcoin via an ICO Initial Coin Offering
Among the ways to make money with Bitcoin, ICO (Initial Coin Offering) stands out in particular. Similar to an IPO, an “Initial Public Offering”, its version for cryptocurrencies is based on the distribution of token to the first investors. As with traditional stock markets, this type of transaction is rarely available to the general public. They are therefore almost exclusively reserved for insiders.
Thus, the ICO really make it possible to win millions of dollars for the lucky ones elected, as a reminder the ICO for Bancor has drained 153 million dollars. The prize goes to Tezos, who raised a record $ 232 million in Bitcoins and Ether (the cryptocurrency used on the Blockchain Ethereum). The list of ICO is growing day by day, the specialized website www.icorating.com lists the latest ICO.
However, using Bitcoin for investment purposes remains a very risky strategy. Experts estimate that risk-taking is multiplied by 10 compared to other speculative assets. Especially since Bitcoin, although very volatile, remains very liquid. However, it is also thanks to its volatility that the winning opportunities are so interesting.
It must also be kept in mind that global demand for Bitcoin is growing steadily. In addition, a certain amount of bitcoins will disappear. If you lose your private key, you can no longer access your Bitcoins. While the number of bitcoins on the market has been voluntarily limited to 21 million, it can only decrease.