asdadadas2
Meme Curator
LEVEL 1
400 XP
As we all know bitcoin will be one of the worldwide currency, as at today over 20 countries accept and pay with bitcoin, in Germany, USA UK, Canada, Australia you can shop online with bitcoin.
There are several ways you can make money on bitcoin. I will talk about two here. so let get started.
WHAT IS BITCOIN
To me Bitcoin is an innovative payment network and a new kind of money, in other words Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
I am not going to go into details how it works but I am going to show us and let us know we can make money in bitcoin while sleeping.
Like me I have been into Bitcoin game since 2012, when it was sold for 710$. Imagine you are fortunate to buy like 10 bitcoin then. you will be in money by now.
HOW DO I MAKE MONEY IN BITCOIN
Like i said above there are so many ways you can make money on bitcoin without even have to sell anything and am going to talk about 3 ways only here.
FIRST WAYS TO MAKE MONEY IN BITCOIN
HODL: hodl means buying low and keep it for like 1-3 years for it to rise and sell it at higher price. for example 2012 one bitcoin was sold for $710 and that time so many people are scared even myself too but I manage to buy some and keep.
Let say in 2012 you bought about 5 bitcoin at the rate of 710$ so it means you by each bitcoin at 710x5 which is $3,500 and you keep it for like 3 to 6 years without even touch it at all. Then Dec 2019 one bitcoin was 11,000$ that means 11,000x5 meaning you have $55,000 after six years. please tell me what investment can give you all that. That is the power of HODL, you buy low and sell high.
NOTE: If you are not patient enough you better don't hodl.
SECOND WAYS TO MAKE MONEY IN BITCOIN
MINING:You can easily make money in bitcoin through mining, and there are two ways you can mine bitcoin the first one is call cloud mining and second one is call solo or pool mining
WHAT IS CLOUD MINING: cloud mining is when you look for a company and pay then certain amount of money they will use you money to purchase antiminer ( it is a bitcoin machine that generate bitcoin every minutes) for you for a period of time. Mostly 1 year to 5 years it depends on the company you choose, you can easily google online and find one, one of them is harshflare e.t.c.
NOTE: beware of those fraudulent site, if you need a better site i can help you with some.
WHAT IS SOLO-MINING: Solo-mining is when you buy bitcoin machine (Antminer) for yourself, however it is not advisable as it is expensive and very hard to maintain because of the power consumption and noise.
THIRD WAYS TO MAKE MONEY IN BITCOIN IS BY SELLING AND BUYING BITCOIN
That is the simple one you can easily go to paxful or localbitcoin to join and start selling it.
I will like to stop here for a while, There are still more tut coming about bitcoin.
I hope with my little explanation you should be able to grab one or two things
Thanks
There are several ways you can make money on bitcoin. I will talk about two here. so let get started.
WHAT IS BITCOIN
To me Bitcoin is an innovative payment network and a new kind of money, in other words Bitcoin is a cryptocurrency. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
I am not going to go into details how it works but I am going to show us and let us know we can make money in bitcoin while sleeping.
Like me I have been into Bitcoin game since 2012, when it was sold for 710$. Imagine you are fortunate to buy like 10 bitcoin then. you will be in money by now.
HOW DO I MAKE MONEY IN BITCOIN
Like i said above there are so many ways you can make money on bitcoin without even have to sell anything and am going to talk about 3 ways only here.
FIRST WAYS TO MAKE MONEY IN BITCOIN
HODL: hodl means buying low and keep it for like 1-3 years for it to rise and sell it at higher price. for example 2012 one bitcoin was sold for $710 and that time so many people are scared even myself too but I manage to buy some and keep.
Let say in 2012 you bought about 5 bitcoin at the rate of 710$ so it means you by each bitcoin at 710x5 which is $3,500 and you keep it for like 3 to 6 years without even touch it at all. Then Dec 2019 one bitcoin was 11,000$ that means 11,000x5 meaning you have $55,000 after six years. please tell me what investment can give you all that. That is the power of HODL, you buy low and sell high.
NOTE: If you are not patient enough you better don't hodl.
SECOND WAYS TO MAKE MONEY IN BITCOIN
MINING:You can easily make money in bitcoin through mining, and there are two ways you can mine bitcoin the first one is call cloud mining and second one is call solo or pool mining
WHAT IS CLOUD MINING: cloud mining is when you look for a company and pay then certain amount of money they will use you money to purchase antiminer ( it is a bitcoin machine that generate bitcoin every minutes) for you for a period of time. Mostly 1 year to 5 years it depends on the company you choose, you can easily google online and find one, one of them is harshflare e.t.c.
NOTE: beware of those fraudulent site, if you need a better site i can help you with some.
WHAT IS SOLO-MINING: Solo-mining is when you buy bitcoin machine (Antminer) for yourself, however it is not advisable as it is expensive and very hard to maintain because of the power consumption and noise.
THIRD WAYS TO MAKE MONEY IN BITCOIN IS BY SELLING AND BUYING BITCOIN
That is the simple one you can easily go to paxful or localbitcoin to join and start selling it.
I will like to stop here for a while, There are still more tut coming about bitcoin.
I hope with my little explanation you should be able to grab one or two things
Thanks