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Earning money from bitcoin

Published days ago on July 31, 2020
By Anton Kovačić


I am sure you’re aware of how Bitcoin is making our financial world as accessible as possible. Well, for the record, cryptocurrency, and particularly Bitcoin, as received a considerable attention so far. According to Coincodex report in 2017, total market capitalization of Bitcoin is around 150 Billion USD. In 2018 alone, 1BTC cost about 20 thousand USD. This is quite huge and I am sure every single one out there desiring financial independence would love to be a part of the emerging crypto world.

Are you interest in Bitcoin? Are you thinking of venturing into another source of income? Don’t worry, Bitcoin is a simple thing to learn and trade in the digital market. Bitcoin does not have policy regulation from banks or from government. In whichever way you are thinking of Bitcoin, there are various ways you can make really cool cash with Bitcoin currency.

Buy and hold Bitcoin

Having an investment in Bitcoin is simply a game of rising value. It is just like the olden times where you buy shares in banks and then speculate and wait till the price of the shares to rise before selling it. So, the thing is, you should create a Bitcoin wallet to keep your Bitcoin safe. The wallet serves as a Bitcoin bank for you till a later future where the price would rise. There are good websites where you can buy and hold Bitcoin. However, ensure that any website you have chosen is a reliable and safe one.

Some potential factors are likely to affect the value of Bitcoin while you are speculating on the increase price. These factors are not known. However, while you speculate for positive, you should have in mind that anything is possible. If you really aspire to make cool cash with Bitcoin this way, you’ve got to learn and decide how you’d want to go about it. Plus, you’ve to be keep yourself updated timely in order to meet up with the market to avoid losses (that doesn’t mean you will never incur losses at some points).

Bitcoin Mining

Oh yeah, “mining”. You’ve got to be good at software and algorithms solutions before you can really break forth in the Bitcoin mining business. There are certain software that Bitcoin miners use to solve problems. When miners become successful solving the problems, they are paid in Bitcoins.

It appears that the future of mining is a dependent on the price of Bitcoin. High Bitcoin price will imply that miners in the business will increase, but if it is otherwise, the value of mining and the number of miners will reduce.

Today, mining Bitcoin requires big skills, expertise, and supercomputers with faster and speedy processor to mine large amount Bitcoin s so as to let it go round in the market. Because of this, mining Bitcoin has become highly competitive. Competition in Bitcoin mining is currently a race of “who is faster enough to solve blocks”. Hence, becoming a Bitcoin miner may require you to team up with highly intelligence gurus like yourself to get by tasks faster enough before you can get something tangible. These are some of the many ways you can make money with Bitcoin. Trade Bitcoin with appropriate trading software and you can be sure of the innumerable benefits.

Anton Kovačić

Anton is a finance graduate and crypto enthusiast.
He specializes in market strategies and technical analysis, and has been interested in Bitcoin and actively involved in the crypto markets since 2013.
Apart from writing, Anton’s hobbies and interests include sports and movies.