Bitcoin was launched back in 2009, and since its creation, transformed many people into millionaires. But is it still possible to earn money using the coin now, almost 10 years later?
Absolutely! Personally, I do that on a daily basis, and can assure you that it’s possible for you to replicate that, as well!
Becoming rich with Bitcoin: past and present
In the early days of this currency, you could literally become a millionaire by buying a few coins for a couple cents apiece, letting them sit in your wallet for a few months/years – and, then, sell them for a few hundred (or even thousand) dollars. However, while it’s still possible to make a profit by following that strategy nowadays, hoping for the same returns in the same timeframe would be foolish, and so, we’ll be better off adding some tweaks to the plan!
Throughout the past 10 years, numerous “financial experts” said that the Bitcoin project was going to die for so many times, yet, none of those predictions was correct. The сommunity behind Bitcoin (and crypto-currencies, in general) is so big and determined that new projects leading the industry forward are born every single day. And YOU can make money by supporting these projects!
Although many people dream of becoming filthy rich with little to no effort, there is a difference between simply dreaming – and actively advancing towards fulfilling your dream. So, I want you to think of a certain monthly profit level that would both cover all of your needs and be reasonable enough for you to not fall into the trap of starting to deem it unachievable. And once you learn the basics and achieve your initial goal, feel free to aim at more challenging objectives!
Ways of making money using Bitcoin
There are literally dozens of different ways of making money in the crypto-currency sphere, but let me keep the list short for now, including just the simplest strategies I can think of:
- Pseudo Mining
- Initial Coin Offerings
- Affiliate Programs
- Running master nodes
Some of these words are, probably, new for you, but don’t let that scare you! On this site, you will find a lot of useful information about the aforementioned ways of making money with crypto-currencies (and not only about that).
Why you should care about Bitcoin
Personally, I earn money in Euro, Dollars, BTC and other crypto-currencies (altcoins), but here, I will talk mainly about cryptocurrencies because of their numerous advantages over any fiat currency:
- They become more and more accepted all over the world
- Cryptocurrencies come with many different features (privacy, limited supply, non-fungibility, etc.) that make fiat dim
- They aren’t regulated (controlled) by any country or government
Is Bitcoin safe?
That’s a really good question, and I’m glad you asked it!
Bitcoin itself is called risky because its price is fairly volatile every now and then. However, if you take a look at the crazy volatility of some of the fiat currencies during the last several years, you’ll agree that Bitcoin’s volatility is not that bad.
Here, I’ll share all the ways that I use to make money. Some of them are rather risky, while others are very safe. It’s up to you to choose which of my strategies to use for yourself.
Note that I won’t be giving any financial pieces of advice here, but will only be sharing my knowledge and experience. Please, make sure that whatever you decide to do after reading the articles on this website is legal in your country, as the legislation of every country is different. All I can do is give you some tips in regards to how I work and keep it legal myself.