Hi Hivers,
I decided to scratch my head a bit to pen three (3) ways that you can make cool dosh with bitcoin or BTc.
I know you realize it, but just in case you didn't, we are in the cryptocurrency era and you might be wondering how you can benefit, get rich from it, or be updated on digital currencies. Well, we'll be concentrating on bitcoin today which is almost 12 years old, and today, 1 BTC is nearly $20000. Bitcoin is the first decentralized currency in the world, that's without a Central Bank or single administrator. And has a market cap of $356billion. However, bitcoin happens to be the first digital currency which as a result of scarcity contributed to its legend as a store of value, just like digital gold. Below are three (3) ways you can make money with bitcoin, as the leading 'king-coin' of the crypto era.
A. MINING
This is one of first ways to ever obtain bitcoin and it involves the process in which miners use powerful computers to solve complex mathematical problems. When they crack the code, they’re rewarded with newly-minted bitcoin. It’s basically a race to see who can solve the block from faster, to faster and those lucky enough to do so gain the rewards. Mining opportunities are rare, but you can join Bitcoin mining pools or mining clouds.
Use this link; click/copy; https://t.me/BTC_Ads_sg_bot?start=1178145148 to join the latest bitcoin mining. All you have to do, is, firstly, download Telegram app and sign up — followed by a Trust Wallet App, to enable you withdraw your BTC after mining to the limit as instructed in the Telegram group. If you have any further enquiries, please drop a comment down below.
Bitcoin mining pool, however, involves a collaborative group of miners who combine their computing power to solve complex mathematical issues faster, while a BTC mining cloud on the other hand, is similar, but instead, they use the cloud to connect their computing power. That way, they won’t have to install and run the hardware and related software directly. In either case, the miners’ fees paid from transactions and the newly-minted coin are split among the people in the group — this equals you making money instantly.
B. INVESTING
Just like everything - assets, bitcoin can as well be bought and stored on a long term, relating it to investments which includes the buying and holding of BTC. This is one of the most straightforward and most beginner-friendly trading strategies out there. First, get a Bitcoin wallet by downloading an exchange (digital bank) such as LuNO, Binance or Trust Wallet. Next, you go ahead to purchase BTC in the exchange into your digital wallet, and then hope that the price goes up or pikes in the future—no matter how long that may take. It could be weeks, months, or even years before it does for you to sell. Take a look at bitcoin, 10 years ago, it was worth almost nothing but now it's worth everything. Altcoins, on the other hand, such as ether, xrp ripple and litecoin, won't take that long to spike in the future, because we are already in the era of digital coins, as over 1500 of them are in circulation at the time of writing this article. The term is known as HODLing, which is long-term investing in the bitcoin community.
C. TRADING
Just like Forex which is the largest market in the world with over $1trillion daily trades, — you can also trade cryptocurrencies especially bitcoin, which happens to be a latent market in terms of economic impact. BTC trading means taking advantage of Bitcoin’s highly volatile and liquid nature, until the market changes. This method actually requires practice and knowledge of the market, so be sure to do your homework before you even think about giving it a blow. But it can sure make a lot of money for you, especially if you are great in technical analysis. For day trading, to swing trading, to arbitrage, you can earn a lot of bucks daily.
Other ways you can also make money from bitcoin, is by accepting bitcoin as payment, binary trading, becoming a BTC masternode, or writing about bitcoin like myself. All these ways are great, but make sure you realize the risk before you start, ofcus, just like every path to riches, except you wanna stay in mediocrity. But I don't want us to.
Source: Yeshuaefe, operanewshubs' verified creator, also me
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