Earn Money in these 3 ways from CryptocurrencysteemCreated with Sketch.

in #bitcoin7 years ago

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As we all know Bitcoin is the pioneer of all crypto currencies that exists today. The purpose of this post is to inform the readers of 3 ways to make money from bitcoin and other cryptos called alt coins. Get more information about alternative coins at coinmarketcap.com

MINING

: This is a way of getting these coins and then sell it. it does not come that cheap though. Mining is simply solving complex mathematical problems with the help of your computing power and get rewarded with these coins for solving the problem. In the past it was very easy to mine bitcoin with your laptop. Its a different ball game now because the difficulty rate of solving those maths problem is very high now and requires high end machines to do that is if you want to go solo.

you can join mining pools to get this coins if you cant go solo. if you want to make use of your laptop to mine some alternative coins you can make use of minergate. i use it personally. i will post the link later or you can just google it and download it. In the other hand you can mining with you phone, that if you choose to mine for electroueum.

BE A SPECULATOR

There are many alt coins that have huge potentials in the future. E.g Ethereum. less than 2 months ago ethereum was sold for less than $0.6. It is now above $5. As a speculator what do you do with this kind of coin. simple, you buy them as there are cheap now and wait 3, 6, 9 or even 12 months before you sell. trust me you wont regret it. There are some alt coins that show a lot of potentials too. Do your research and buy them cheap now and keep. Good luck.

BE A CRYPTO TRADER

:This is the best and easiest way of making more bitcoin and money. This is similar to FOREX but different in that crypto trading has high volatility and that is where the money is VOLATILITY. I am involved in crypto trading full time. Ever since i started about 5 months ago i have no regrets.

just like FOREX there is a trading pair eg usd/eur , usd/gbp etc. In crypto trading you have pairs like btc/usd, btc/eur, btc/ltc , btc/eth and so on. There are more than 50 pairs you can trade in different exchanges on the net. Just do your research well and decide which is ok for you.

ICo

. Start this strategy is basically for investors to pay coin cheap at the pre-sale and sale on exchange immateriality is lunched, This one of the catch free cash when it come to cryptocurency .
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