The mantra of free bitcoin attracts an increasingly large audience that is looking to enter into the world of Bitcoin. Especially now, given that this cryptocurrency has become the most sought after digital asset, many people want to get more of it. In response, the Bitcoin community has created many sites to cater to this kind of audience.
How can One Earn from Cryptocurrencies (Bitcoins)?
If you are looking to invest, say $5000 in Bitcoins, then first consider this major aspect, irrespective of how many times it has been reiterated by everybody else
*THIS IS A HUGE AMOUNT*
Most crypto enthusiasts believe or say that cryptocurrency is a highly volatile domain, hence, $5000 don’t make much sense.
Without being disrespectful to anybody’s sincere outlook, this a significant amount (if not much) for the general audience, who are looking to start fresh in this field, in terms of investment portfolio, allegiance, or, vested interests.
This can be achieved with the help of fiat-crypto exchanges (if you have fiat only assets), or crypto-only exchanges (if you already hold cryptocurrencies).
So, to answer your question, I would suggest you to conduct a thorough research about latest ICOs, established and new cryptocurrencies, and even prior to that, ask yourself, do you believe in the vision of crypto especially Bitcoins, or are you looking for a quick fix only!
As, one’s fall can be other’s lift or vice versa or maybe both can fall and swell together depending on market interests.
If you are more or less inclined towards just a quick fix, then my friend, you are not taking enough risks to even consider the term investment for your one-time frenzy, otherwise, you can invest your hard earned money in any of the below cryptocurrencies and tokens such as Bitcoin, Ripple, Ethereum, BNB, BEX, etc. as the market has just suffered a huge crash, and the inevitable surge is believed to be just right around the corner.
Earning Via Bitcoin is possible in following ways:
Flipping Bitcoin to Altcoins for short time and flipping back
This is a common method in which a person identifies a few Altcoins which he wants to invest and then for short periods of time the person let’s the Altcoins grow and then flips it back to Bitcoin.
Danger Level: Moderately Risky
By far simplest method is Holding. Just lean back and relax until Bitcoin prices grow and once it hits peak, sell it off for some hard cash.
Avoid this if possible. Gambling involves playing by depositing some Bitcoin and then let luck decide if your money will double or go in vain.
Danger: Extremely High
- Don’t overinvest
- Go through threads and understand first
- Check Altcoin history thoroughly
- AVOID ICO’S