How can a person still cash in on the incredible growth of Bitcoin (BTC), leveraging knowledge about concepts like block chain, P2P, bit, block technology, mining, private key systems, signature security, and wallet arrangements? Well, just because Bitcoin has easily surpassed the $10,000 mark and is poised, according to most experts, to reach at least the $40,000 level within the next year, there are still plenty of ways to get “Bitcoin rich” without risking everything you own or selling your house. But how?
Here are just a few of the ways that an average investor can make money in the blockchain, cryptocurrency environment with very little risk, and without having to be a tech or programming wizard:
Buy and Hold
Perhaps the most boring, but probably the smartest, most conservative way to cash in on the new trend in cryptocurrency is the old “buy and hold” method. As easy as it sounds, BAH is what millions of investors doe with stocks, bonds, collectible assets, precious metals and other assets. Simply purchasing as much Bitcoin as you can afford (always adhering to the adage “Never invest more than you can afford to lose,” is the standard practice here. Some industry prognosticators are saying Bitcoin could be set to break through the psychologically important $50,000 barrier within the calendar year 2018.
This method is for the technically adept crowd, and involves actually going online and deciphering the blockchain code in order to earn small amounts of Bitcoin. Nowadays, this method is much more difficult than it was just a few years ago, but is still a way for skilled techies to chalk up some coin to their cyber wallets.
Searching out sites for “Bitcoin games” will yield hundreds of results that allow you to literally play games and, because you’ll need to look at a lot of advertisements, earn Bitcoin. The drawback to this system is the incredibly low amounts of coin that you earn per hour.
Buying and selling Bitcoin, just as so many people do with traditional securities, is a more reliable way of attempting to earn a profit in this new niche. Purchasing $1,000 worth of BTC, for example, could lead to a tidy profit if Bitcoin ever reaches the $30,000, $40,000, or $50,000 level.
Getting a “Bit-Job
Looking for “jobs that pay in Bitcoin” is a very interesting and reliable way to earn coin directly. The only catch is minimal: you’ll have to find a job that you are either qualified to do and/or enjoy doing. Fortunately, the number of online bit-jobs is growing rapidly.
Those are the primary ways that people are adding Bitcoin to their online wallet accounts these days. There are more, but most suffer from the common disadvantage of very low earning levels. For our money, or BTC in this case, the smartest ways seem to be either direct investment, speculation or getting a Bit job. However, the speed at which this technology is moving, other profitable methods could appear in the future.