- Earn free bitcoin by doing various tasks
There are many sites that give you the chance to earn bitcoin for free. With most of these sites, the concept is to visit the page and receive a small amount of bitcoins. The concept has something to do with watching TV forgotten in the past. You look at a lot of commercials and in the meantime you get something you want to see, like a movie or music videos.
Although it is a legitimate concept, the advantage of invested time is minimal (to zero). When you earn bitcoins from these advertiser sites, the earned bitcoins are actually the time you have invested. Like the saying "nothing is free". But convince yourself, here's a list of some interesting sites.
- Earn bitcoin from interest payments
If you already have a few bitches, you have the chance to get them to work for you. Earn bitcoin through interest payments by borrowing them.
Borrow directly to someone you know. This allows you to personally assess how much trust you can have in the borrower. Then, both sides only have to agree on terms such as duration and interest rate and ready. The downside is that you may not have too much knowledge compatible with your amount, duration and interest rate, but it's a good way to earn bitcoins.
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Bitcoin mining is the process from which the new bitcoin originates. When you do the mining, your computer adds new Bitcoin transactions to the blockchain (a public register where all Bitcoin transactions are saved) and searches for new blocks. A block is a file that has recorded the most recent Bitocin transactions. When your computer discovers a new block, you do not receive a certain number of bitches. Currently, a block contains 25 BTCs. This number changes over time and decreases by a factor of 0.5 every four years.If you want to earn bitcoin by mining, keep in mind that this is a costly and time-consuming process. Read the introduction and the appropriate textbooks to learn more about it. This site is a good starting point. If you are not just out of curiosity and want to know the technology, it's important to do a cost / benefit analysis. Hardware prices, electricity costs, Bitcoin difficulty, and Bitcoin value influence the profitability of the Bitcoin mine. Nowadays, the direct bithole mining is very complicated and costly, it's not a viable way to win. If all of this seems interesting to you and you want to earn Bitcoin from the mine, make the first calculations on the Mining Dashboard.
- Earn bitcoin from the tip
When you earn bitcoin through tipboards, it's like accepting bitcoin as a means of payment. You need a wallet, QR code with the Bitcoin address, and people who can give you a tip. There are several places where you can get Bitcoin tippacks.
Again, your store is the first one you start with, if you have one. It's a bit simpler because, since the tippers are voluntary, you do not have to check the exact amount and payment. Simply display the QR code and check daily how it came in.
With tips, the interesting part is that you do not have to have a store. An example blog or any other site is enough. You can display the QR code or just the Bitcoin address at the bottom of the page or wherever you prefer, and let people decide how much they want to reward you for. You can see how this works on the German bitcoins21.com blog at the bottom of the page.
Imagine that you have a restaurant and you want to encourage your customers to drop the bitcoin and here's the interstitial service: bctip is a site where you can print small vouchers that have a bit of Bitcoin on them. When the customer has one of these, he can offer it to you or your employees and you can redeem it as a coupon.
- Earn bitcoin through trading
Some would say that trading is a variant of gambling. Although these two things have something in common, there are also fundamental differences. When betting (assuming it is a fair game) you have a certain probability of winning or losing. When you trade assets, things get more complex. I do not want to get in too much detail here. I just want to highlight how you can earn bitcoin from trading.
The safest way to make money through trading is by arbitration. In short, this means you have the opportunity to buy an asset in one place for a certain price and sell it elsewhere at a higher price. It is important to know that you can sell your asset immediately at a certain price. If that does not work, then we talk about speculation - or gambling, if you prefer.
The Bitcoin world, in my opinion, offers such arbitrage opportunities. But they are not as simple to execute, as it may seem at first glance. Differences in price between exchanges often come for some reason. The transfer rate of fiat money and access restrictions are the most visible. You have to find the opportunities yourself. A starting point is Bitcoin StackExchange. Also, not every opportunity is available to anyone. Take a look at the price differences between shifts and check if you can find opportunities.
Another way to earn bitcoin from trading is simply speculation. In this case, buy bitcoins, wait until the price increases, then sell them for fiat money. When the price drops again, buy more bitcoin and take it over. To succeed, you have to be either very fortunate or able to predict the future.
There are good traders who can recognize models from price charts. But that's something very special, and I'm not sure I can believe that. So in my opinion, if you want to earn bitcoin from this type of trading, it can be categorized as a gamble. It is even more risky to compare it with a fair game where you know your chances. When you speculate on assets, you can get chances in the price history. But do not ever think this will tell you something about the future.