Tag: Digital Money

Making Money with Bitcoin

Making Money with Bitcoin

Bitcoin is the first digital currency or electronic money created by a guy known as Satoshi Nakamoto which is not his real name. Like the coin and paper money before it, bitcoin has gained a wide acceptance among business people and internet users as a means of exchange and payment of bills and settlement of debts.Created in the year 2008 with a value that is less than a cent, bitcoin has risen in value in just a space of 8 years to over 2000 dollars  and still increasing, as at the time of writing this article bitcoin is worth 781115.07 Nigeria Naira and that is 2481.70 US Dollars.

In the beginning of bitcoins a few faucets gave out 5 bitcoins for free,those who grasped the bitcoin ideology early are presently each of the bitcoin millionaire. Bitcoin has made its own particular era of millionaires with names, for example, Gavin Andresen, Yifu Guo, Winklevoss twins,Tony Gallipi, Jered Kenna,Dave Carlson and numerous more in the rundown.

CAN ONE STILL BECOME A BITCOIN MILLIONAIRE?

Well contingent upon the amount you will invest. As at the season of writting this post bitcoin is worth more than 2000 dollars,that gives you a thought of the amount you have to invest to claim one bitcoin.There will ever be just 21 million bitcoin and more than 16 million is available for use and more are being mined,meaning you have an opportunity to snatch one of these 5 million remaining bitcoins left

One extraordinary thing with bitcoin is that it is a superior store of significant worth than the money of some other country, dollars, pounds, euros, nairas included. Bitcoin is not really influenced specifically by inflation, it is a more secure way to save money.

HOW TO EARN BITCOIN TODAY

I am going to list and explain some of the ways you can earn bitcoin today.

  • Faucets
  • Signature Campaign
  • Blog Post
  • Mining

Faucets: Faucets are websites that pay you a fragment of bitcoin for downloading a page full of adverts, solving captchas, playing games, doing a survey or completing a task on their websites.Whereas this is the first way many dare to earn their first bitcoin apart from investing, it is not a reliable way to earn bitcoin, as the fragments paid as so small. A few faucets pay between 1000-5000 Satoshis within a time frame of about 60 minutes, 30 minutes, or 15 minutes etc, this is so minute considering that I bitcoin is 100000000 Satoshis

Even though these faucets promise free bitcoins but they are indeed not free because apart from the fact that you are burning your data, which of course in Nigeria and some other countries means money, energy and time , you also have to forfeit a percentage of what you earn on their website for payouts , these sometimes take a chunk of whatever you may have earned from the faucets.

But if you have enough time and willing to work hard you can make your first fragment of bitcoin from faucets (I recommend coinpot faucets like bitfun.co, moonbit.co.in. bonusbitcoin.co as well as freebitco.in) these are more reliable faucets that pay, and they have been around for relatively a while. When you do fauceting for a while you may be able to have some rewards for your trouble, you may make between 0.02-0.05 from faucets. But it is indeed not realistic that you can make 1 bitcoin from faucet as that would mean someone giving close to a million naira free.

But you can do faucets along with other methods like signature campaign which I will be discussing with you next.

Signature Campaign: Making money with signature campaign will require registering with BitcoinTalk or some other forums where members talk about bitcoin, an advantage of joining these forums especially BitcoinTalk is that it affords you the opportunity to learn more about bitcoin and you can earn money by becoming an active member of these sites. BitcoinTalk requires that you post about 120 meaningful posts to become an active member of the forum after which your subsequent posts and campaigns begins to earn you bitcoin depending on your grade.( In my subsequent posts I will dedicate one to teaching how to do effective signature campaign, just keep visiting this blog and sign up for our email list).

Blog Post: There are websites that will pay you in bitcoin  for being a guest writer on bitcoin. Top notch writers are paid as much as $80 for a post of a minimum of 1000 words.But this depends on how knowledgeable you are on bitcoin and how abraced  you are on the recent development in the bitcoin world, as well as your command of the English language. Top find some of these websites willing to pay you for your writing skill visit ”coinality” to get a list of blog that may be seeking for guest blog writers.

Thanks for reading

Yours Committed

Chidi Shekinah.

Chidi Shekinah is a seasoned trainer, an exceptional blogger, a seminar facilitator, a prolific writer, a conference speaker per excellence and a human capacity development expert.

He is the Project Manager of 4 Streams Initiative. He has a life mandate ‘’to help people recover lost grounds and secure future crowns’’.

He champions the cause of success and life skillsleadership skills and governance, Customer Service skillsChurch Development and Packaging, and also Change and Growth Consultancy.

He has authored books such ‘The Motivational Recipe for Effective Life’ and ‘Change; the Catalyst of Growth’ etc

He is happily married with children.

Advertisements