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What is Bitcoin- 

 Bitcoin,as a cryptocurrency, has been subject to mainstream debate for quite some time now. People analyze its past and speculate about its future for a wide variety of reasons - some people want to know the history of cryptocurrencies, others are curious about possible investment opportunities.

Whatever your reason would be, in this guide we’ll talk about different ways of how to make money with Bitcoin.


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We’ll talk about the different ways of how to profit from Bitcoin - but first of all, we’ll ponder on why Bitcoin is so popular in the first place. Then, when we understand the history (or at least the super short version of it) of this cryptocurrency’s emergence and rise to power, we shall explore its profiting opportunities.

Note: It doesn't matter if you make a smart investment and earn a lot of money from it if you have an unsafe wallet that can be easily hacked. That said, choose a reliable Bitcoin wallet. The most recommended options include Ledger Nano S and Trezor Model T. 


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How to make money with Bitcoin?

So now that you know a couple of things about the rise and fall of Bitcoin, we can finally move into the money-making methods.

There are quite a few methods to make money with the help of Bitcoin, but in this guide, I’ll cover just the main ones - if I had to list them all, this guide would be at least three hundred pages long.

The list isn’t composed in any specific order. Some methods work better (or faster) than others, but - generally - it depends on the person.

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Method #1 - Buying Bitcoin


No, I’m not joking.

There are huge groups of people who “invest” into Bitcoin by simply buying it. This is a risky method, of course, but probably the simplest one to perform.

There are a couple of types of such investors. Some people just buy a certain quantity of the coin and forget about it for a year… or ten. These people usually have no real intention to profit short-term - they often believe in the successful future of cryptocurrencies and hope that their investment now will one day bring them a tenfold profit.

Another type of Bitcoin investors are the people who do loads of research, read all of the available predictions on how to make money with cryptocurrency and spend weeks analyzing data and statistics. These people tend to have a very specific time frame in mind - most of the time, they are looking to invest short-term and just need to know when to do it.

How to Make Money With Bitcoin: A Comprehensive Guide

Also, these investments tend to be smaller when compared to the long-term ones - after all, people invest having done a ton of research beforehand, but if their investment fails, they could just move on to the next time frame.

If you’re thinking about how to make money with Bitcoin or how to make money with cryptocurrency in general, buying Bitcoin can be a great starter - or a disastrous one. It can make you huge amounts of money real fast or might drive you to the brink of debt. It all depends on one single factor - the amount of research you’ve done beforehand.

TipYou shouldn't invest the amount of money that you cannot handle to lose

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Method #2 - Accept Payment in Bitcoin

Have you heard of Fiverr? It’s a site where people pay $5 for some sort of a service done by other freelancers. Now take this same concept, but imagine Bitcoin coming into the place of USD.

All you need to do for this method to work is as follows:

  • Think of a skill you’re good at. This can frankly be anything - starting from copywriting and digital marketing to painting or singing. Pick your strongest quality (or qualities) and think of ways you could monetize them.
  • Create a cryptocurrency wallet. If you’re reading a guide on how to make money with Bitcoin, chances are this step seems obvious and you’ve done it long ago. But just in case, let this serve as a reminder - a crypto coin wallet holds your cryptocurrencies safe and ready to use, just like a wallet for your physical money. If you still haven’t got one - research and create it ASAP! In case you're interested in finding the most secure cryptocurrency wallets in the market, check out Ledger Nano S and Trezor Model T 
  • Find a way to charge people. A good place to start is to offer your services on online forums and marketplaces, stating that you only take payments in the form of Bitcoins or other cryptocurrencies. Do this long enough, and you might eventually want to create a designated website for this same purpose and teach others how to make money with Bitcoin.

How to Make Money With Bitcoin: A Comprehensive Guide


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