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Insights on money, career and trading

How to Make Money with Bitcoin

Posted on January 28, 2019 by Daniel at 7:20 pm

Bitcoin is a landmark in the history of money. It might have a difficult year last 2018, but this does not mean that it will perform poorly this 2019. In fact, with the growing global acceptance, bitcoin is poised to become even more popular, especially as an alternative investment. With this, keep on reading as we list down some of the best ways to make money through bitcoin. 

Take advantage of the tips mentioned below to grow your financial life with the use of bitcoins. This cryptocurrency may have a rough year in 2018, but the future still looks bright, providing you with endless reasons to consider this as a new form of investment. 

Start Trading 

Even Goldman Sachs is joining bitcoin trading. For such a big company to put its trust in the potential of the cryptocurrency, this must mean something. That said, if you want to earn money through bitcoins, one of the best things to do is to be a crypto trader, although this is quite high-risk. Basically, you will have to buy bitcoins when the price is low and sell it when the price is high. The problem is that predicting the performance of bitcoin is not easy, especially if you are a novice.

Host a Bitcoin ATM 

With the growing number of bitcoin users around the world, bitcoin ATMs are starting to get big. If you already have an existing space, such as a gas station or a convenience store, it will be a good idea to consider having a bitcoin ATM. This is basically a passive way to earn money from the cryptocurrency. There is no need to have an employee for it to operate yet the potential in terms of return is quite high. 

If you want to host an ATM that can facilitate bitcoin transactions, make sure to check out https://www.coincloudatm.com/ and see how they can help. 

Gamble Online 

If you love gambling, why not make money out of it by playing in a bitcoin casino? Basically, you will start buying a bitcoin first, which will be the money that you will grow through gambling. However, make sure to choose a casino that is legit as it is now common to find online gambling platforms that exist for the sole purpose of scamming their clients. 

Open an Online Shop 

Regardless of whatever it is that you want or need, it is almost sure that there is an online shop for it. After all, a lot of people prefer shopping online than in-store because of its convenience. With this, you can open your own online shop and use bitcoin as the main or alternative mode of payment. 

In sum, if you want to make money out of bitcoin, you will be spoiled in terms of choices when it comes to how you can do so. The risks that are involved will vary, as well as the returns. To come up with the right decision, make sure to research thoroughly

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Insights on money, career and trading