Tutorial 10 Best Ways To Get Rich With Bitcoin

Discussion in 'Bitcoin Investments | Discussions' started by Giovy Rodriguez, Mar 22, 2018.

  1. 10 Ways to Get Rich with Bitcoin
    Mining is not the only way to earn Bitcoins. On the Web there are many other tools that allow you to receive virtual currency.

    Recently the Bitcoins have reached their maximum historical value. This has awakened the interest of media and users. Many people are interested in earning money through virtual currency. Here are 10 best ways to take advantage of Bitcoins and get rich.

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    If you want to start earn money with Bitcoins there is a fundamental step to take,open a virtual wallet for Bitcoin.With this you can start receiving and spending virtual currency. You can get a virtual portfolio on different online services. Attention many are not trustworthy and just try to scam users. Among the most famous and accredited we find Coinbase.comBlockchain.info. Once you have a portfolio, you can establish multiple bitcoin addresses, which allow you to receive from others. They are virtual and not real addresses.

    Bitcoins as well as purchased can also be generated. The operation is called mining “extraction” . The process involves the use of sophisticated machines that are expensive and consume a lot of electricity to solve mathematical algorithms to get bitcoins. It is not a solution for non-expert users. In recent years, due to the difficulty of the process, it is no longer considered a profitable system. Or rather, not if done at home. It would be better to be part of a group that deals with “extracting” virtual currency. The most famous groups in the Network for the extraction are: BTCC, AntPool and SlushPool.

    Cloud Mining
    Bitcoin extraction can also be done in the cloud. That is using a remote data center that has a common processing power. This system is ultimately considered more advantageous because it does not force users to use powerful hardware solutions to get Bitcoins. It must be said, however, that the absence of electricity consumption and sophisticated machinery and algorithms has a high cost. In fact, the cloud mining service is available by payment for monthly or annual packages.The most famous companies in this field are Hashflare.io and Genesis-Mining.com

    Bitcoin Affiliate Marketing
    If you have a site or a blog or you are an expert in web marketing you can start a business of affiliate marketing. In 2018 with the great success of cryptocurrencies like “Bitcoin” many marketing companies have launched several affiliate programs with bitcoin payouts,One of these is Runcpa.comAn automated marketing program where a Web advertiser or merchantrecruits webmasters to place the merchant’s banner ads,links or buttons on their own Web site or Social Network. Webmasters will receive a referral fee or commission from sales when the customer has clicked the affiliate link to get to the merchant’s Web site.. .RunCPA offers different campaigns with different commission plans: CPA (Cost per Acquisition), CPL (Cost per Lead), through RS (Revenue Share) and CPS (Cost per Sale).

    Sell Products for Bitcoins
    There are people on the Internet who sell clothes, old gadgets, cars and even homes in exchange for Bitcoin. What seems to be an extravagant method is actually one of the most used systems in recent years. It allows those who do not have much time to earn Bitcoin in other ways to start with a good sum on their virtual wallet. The most used sites for these exchanges are Bitify and Purse

    Bitcoin Casinò
    Gambling also exists in the Bitcoin world. So there is the online possibility of betting to win Bitcoins. Usually you play roulette, poker, dice and slot machines. The most famous sites in this field are Luckygames.io,OneHash.com and AdmiralCasino

    Bitcoin trading
    On the Net you can also trade with Bitcoins. The concept is quite clear, many Bitcoins are bought when they are worth less, and then the cryptocurrency is expected to rise in value to sell it.

    The world of Bitcoin is quite democratic, offering different possibilities to everyone. By signing up on Localbitcoins.com you can become a “Market maker” of Bitcoin. That is you will manage process of buying and selling the virtual currency on the Net. After registration we will have to insert announcements to start negotiations, prices and times. In practice this way you sell Bitcoins to people who in return will pay us with “real” money. Attention, it is a site that leaves no room for scams. Buyers and sellers are evaluated by a feedback system and every suspicious movement is blocked.

    Bitcoin Loans
    To earn money, we can also use Bitcoins to lend them to entrepreneurs and SMEs using the Bitcoin peer-to-peer loan platform called Bitbond. This is currently one of the most used and most advantageous methods. Start-ups and SMEs can borrow virtual currency without the use of a traditional financial intermediary, avoiding the problems associated with “classic” loans.

    Micro Activity
    Then there are some sites that in exchange for small actions to do on the Net offer us virtual currency. They are usually surveys, ad view, beta application testing. The most famous sites in this field are Bituro, Coinbucks and Bitcoin reward.

    Bitcoin Ads
    Some Internet sites pay users in Bitcoins if they watch advertisements. Obviously we will have to register with the site to start earning virtual coins in this way. Beware though it is a very, very slow way to get Bitcoin. The most famous sites in this regard are Luna Bitcoin, Bitcoin Aliens and BTCclicks.

    You can also follow my article on --> Medium.com

    Enjoy :)
    Last edited: Mar 25, 2018
    gbolahan likes this.
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  3. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    Giovy Rodriguez and Barnabias like this.
  4. Thanks ok! :)
    gbolahan likes this.
  5. sango ilorin

    sango ilorin GrandMaster

    That's cool...
    Giovy Rodriguez likes this.
  6. Thanks :)
  7. Christian768

    Christian768 Leader

    thumb up buddy, good article and well arranged. I think people on steemit too need to read this too.