In this article you will know basic terminology of the bitcoin world, 11 ways to make money with bitcoin and tutors with whom you can learn trading for free.
Our current life is the result of the adoption of new technologies. At the time it was motor vehicles, energy, money and so on.
The “new” phenomenon is cryptocurrencies and everyone wants to learn how to make money with bitcoinbut not many know how to achieve it.
I have been learning about this world for some time and I can tell you that at first glance it is not something easy. Fortunately, there are different tools and people who are experts on the subject and can make the learning curve much faster.
Before looking at how to make money with Bitcoin, it is important to review some terminology:
Terminology that you must handle to earn money with Bitcoin.
altcoins: Alternate cryptocurrencies to Bitcoin.
fundamental analysis: It is the analysis that is done to the news that comes out regarding cryptocurrencies.
Technical analysis: It is the analysis that is made on the behavior that cryptocurrencies have had and possibly will have.
TradingView: Platform to carry out technical analysis of cryptocurrencies (in addition to currencies, commodities, etc.) Users can also share their price predictions through charts.
CoinMarketCal: The main page to know when the main meetings and events of all cryptocurrencies were and will be. This is very important, because if it becomes known that a cryptocurrency is going to make an alliance or is going to take a very important step, it is likely that its price will rise and there you can take profits.
CoinMarketCap: It is the main page where the prices of cryptocurrencies are updated and we can find the historical prices and which exchanges are available
Exchange: Platforms for trading cryptocurrencies.
Wallet: They are the wallets where you can store your cryptocurrencies.
discord: Web and mobile application that allows you to create communities.
Steemit: Blog where analysts share their opinions and predictions of what is happening and could happen with cryptocurrencies.
Now yes, let’s see 11 ways to learn how to make money with Bitcoin:
11 ways to make money with Bitcoin.
1. Through mining.
What is Bitcoin and cryptocurrency mining?
Bitcoin mining is the process by which new Bitcoins are created.. To do so, the miners use the processing power of their computers.
At first, it was much simpler. However, now the process requires much more processing power and energy.
Reason why, mining is being carried out by specialized companies, which can get the cheapest hardware. In addition, they can work in places where the cost of energy is cheaper.
If you have a powerful computer, you can join mining pools like Slush Pool.
But if you are not in a position to mine directly, you can lease mining power to companies like Bits2U. (You simply register. Then you look for the buy option and choose the plan that best suits your needs. In the cheapest plan, you recover the investment in 9 months and double it in 18)
2. Accept Bitcoin payments.
Although Bitcoin is not fully accepted, many people have invested in it and use it as a means of payment for various purposes.
So if you want to start amassing Bitcoins, you can create a wallet and give your clients the possibility to pay you with cryptocurrencies.
3. Place sports bets.
If you like the adrenaline rush of gambling and are willing to play money you DON’T NEED; you can make money with bitcoin through sites like OneHash.
You simply create an account and enter the address of your Wallet to receive the money.
4. Earn through Faucets.
The faucets are pages where they give you small amounts of Bitcoin. In addition, you can multiply your winnings through games (although you can also lose).
The business model is simple. Since they give away bitcoin, in very small amounts, many people enter their websites; which becomes a perfect place to monetize through advertising.
The faucet that I have used the most and that I recommend is Freebitco.in.
5. Earn on PTC websites.
PTC stands for paid-to-clickthat is, pay per click.
The dynamic is very simple. You simply have to see advertising and you receive satoshis; What are fractions of bitcoin? 1 satoshi is equal to 0.00000001 Bitcoin.
These sites will not represent a large income. However, there are many, so if you are unemployed and/or have the time; may be an alternative.
On websites like AdBtc you can do it. oh! And remember that to register, you must have an address for them to deposit your winnings. (You get it by opening the Wallet)
6. Create a Blog.
Creating a blog is one of the best strategies to earn money with bitcoin.
If you have knowledge of the world of cryptocurrencies, you can create a lot of content related to the latest news.
Through platforms like Google Adsense, you can monetize your blog with advertising. You can also ask for donations (to your Bitcoin address). Or you can try the following strategy #7…
But first, we would like to ask you a favor. Simply vote from 1 to 5, to see how you have found this article so far. Thank you!
Let’s continue…
7. Affiliate Marketing.
As with many other services, you can earn by being a broker.
Imagine you created a blog. After a while there are already fed up visitors per month. Since it is a blog dedicated to the topic of cryptocurrencies, it is understood that your readers are interested in that topic.
What you should do is create affiliate links. For example, in point #1 of this article, where mining is discussed, you find a link that goes to bits2u. If you go through that link and actually buy, I receive 10 dollars. This does not mean that you should pay $10 more; That money is provided by the platform.
Now imagine that you have many referral links in your articles… If the content is of quality, and the referral links you have have been verified and they direct to reliable platforms; you will start to see how money comes in.
In my case, I invest in Bits2U, so I’m not afraid to refer them; since for the moment everything is going very well.
8. Make loans.
As with common currencies, you can earn money with bitcoin through loans at a certain time and interest.
One platform to do this, which is widely recognized, is Bitbond.
9. Binary options.
This is an investment option that is highly desired by people who do not have trading knowledge.
Broadly speaking, you simply have to say the price of a certain action, it goes up or down. That is all.
You have to be very careful as it is easy to win but also easy to lose. That is why before you start, we recommend that you learn with the teachers that you will find later in this article.
One of the many platforms to do it is IqOption.
10. CoinWorker.
Coinworker is a platform that pays you to complete small tasks. You simply have to register, enter your address to receive Bitcoins, and start “working”.
In order to withdraw the money, you must complete 200 points. And each point is worth a penny. This means that the minimum you can withdraw is 2 dollars.
As I told you before, do not expect to become a millionaire with these pages. However, they are good alternatives to make an effort and invest later with what you earn.
11. Trade.
In short, this is the best way to earn money with Bitcoin, other cryptos, currencies, commodities, futures…etc.
My preferred platform for trading is Binance. I’ve been using it for a little over 1 year, and everything has been perfect.
At the beginning of the article I said that it can be confusing at first. But once you get on it, it’s an incredibly interesting world.
Not just for the money you can earn; It makes you understand how the global economy works.
For you to learn, in case you don’t know, I’m going to suggest some coaches.
I have been following the coaches that I am going to mention for several months and I know that they can help you a lot. At least for me, who did not have a past that was even close to trading, they have helped me a lot and today I have enough knowledge to analyze the markets and make successful trading operations.
With them you will learn how to buy bitcoin and other cryptocurrencies, how to save them, what are the best alternatives, how to trade and so on.
Best coach to learn how to earn money with bitcoin.
1. Daniel Muvdi.
On Daniel Muvdi’s YouTube channel you can find a complete course to start in the world of cryptocurrencies. It is free and quite complete. In addition, almost every day he streams in which he performs fundamental and technical analysis of cryptocurrencies.
Its discord community is quite active and users are constantly uploading more news and sharing their impressions of the movements that are taking place. The community has something very important and that is that you can find information and ask other members for help on topics such as exchanges, wallets, programming, strategies and more.
If you want to go further and receive first-hand and real-time information to make investments, you can support Daniel Muvdi on Patreon.
Youtube
website
Group on Facebook
Twitter
Community on Discord
Patreon
2. ERC Cryptanalyst.
On his YouTube channel, he shares technical and fundamental analysis on a daily basis. Personally, in terms of technical analysis, it seems to me the best. He explains quite well and it’s almost impossible not to learn something new by watching his videos.
He also has a trading course on his YouTube channel and it’s pretty cool.
He is also very active on Steemit. It will surely help them a lot to start in this new world and continue in it.
Youtube
Facebook
Steemit
3. David Battaglia.
His channel is quite complete. He has a good following and also shares technical and fundamental analysis. In addition, on their website you can find an excellent course on cryptocurrency trading at a totally affordable price.
Youtube
Twitter
Steemit
4. Leonardo Vera.
Aside from sharing fundamental and technical analysis, he is the only one I have ever seen trade live.
Leonardo has been sharing ways to make money online for several years. So looking for more on his Youtube channel, you can find some pretty useful information. In fact, on his channel I learned one of the strategies that today allows me to make a living from my blog.
Youtube
Twitter
Group on Facebook
My suggestion is that you visit their different profiles and follow them on their YouTube channels and social networks.
Learning how to make money with bitcoin and cryptocurrencies does not happen overnight; you must dedicate time and be willing to learn. And as I told you before, you can do it with them and for free.
Everyone has their points of view and therein lies the value. Having different perspectives broadens ours and expands the possibilities.
Conclusion.
We saw basic terminology, 11 ways to make money with bitcoin and the best coaches to learn trading for free.
Remember that you must dedicate time if you really want to achieve your financial freedom through trading. Don’t expect quick results.
I hope this information will be of great help to you 🙂 And if you have any questions, leave them in the comments.
And remember, if you are really interested in creating your own business, you can read our book “How to create a company while working: Discover how to manage your time, manage your money and motivate yourself while creating a company and working for another” , where you will find all the information you need to found your own company, without having to leave your job.
