Bitcoin and other cryptocurrencies have generated very high returns to all members of the community that ventured from the beginning in this new innovation of the financial world. Their technology, characteristics and positive movements in the market, were becoming a very striking option when drawing an investment plan, either in the short or long term.
Today, there are many people who still want to invest in the sector, remain distant from doing so. This is due to the volatility that characterizes it, the lack of regulation in its commerce or the new storage and administration modalities that users must deal with in order to make effective use of them.
However, there are a variety of options in which you do not necessarily have to buy cryptocurrencies to earn money with them. In this way they would be avoiding the aforementioned drawbacks, but still perceive gains related to the ecosystem itself, and although the alternatives are not as diverse as the projects developed within the cryptographic world, these can generate equally attractive dividends.
Among the different ways to generate this income thanks to the cryptocurrency market we have several alternatives that we will explain below.
The futures contract is an agreement in which the contracting parties are obliged to buy or sell a quantity of goods or securities at a specific future date and at a fixed price. In the case of bitcoin, for the month of December of last year, CBOE Global Markets and CME Group two of the largest futures exchanges, began offering these contracts in Bitcoins.
Although with some differences in their characteristics, in both contracts the investors are exposed to the price variations of the cryptocurrency. In such a way that they can generate profits if the Bitcoin price goes up until the expiration of the contract or, on the other hand, if it goes down, benefits are obtained through the sale of the contract itself.
One way or another, the advantage lies in the fact that Bitcoin ownership is never necessary to benefit from its ups and downs in the market. In this type of contract, the parties only exchange fiduciary currency to settle the corresponding maturity instead of the cryptocurrency itself.
Mining in the Cloud
The case of cloud mining is carried out through service contracts with companies that perform the cryptocurrency mining activity on behalf of the user, thus avoiding the acquisition of expensive specialized equipment, installation, maintenance and operating expenses. .
This option does not mean direct possession of any cryptocurrency either. On the other hand, users receive dividends for the results obtained from the use of the mining equipment of the company, obtaining the income according to the plans contracted by the user and which can be canceled in fiduciary currency such as dollars or euros.
Investment in graphics processing units manufacturers
The graphics processing chips have become essential equipment for those users who are dedicated to cryptocurrency mining, especially for the ease that they provide to solve more quickly the complex mathematical problems that are necessary in the process.
Companies dedicated to the manufacture of these devices such as NVIDIA and Advanced Micro Devices (AMD) have become ideal options to invest and take advantage of the boom that has been the sale of their equipment for mining.
In this way, they would be investing in a more traditional, secure and regulated market, without the need of acquiring any cryptocurrency to take advantage of the high demand of these equipment in the mining community.
Sale of hardware for cryptocurrency mining
As mentioned in the previous point, the equipment to perform cryptocurrency mining has seen a high demand in recent years. Both the GPU units and the specialized ASIC chip teams are the most desired by the members of the community who dedicate themselves exclusively to this activity.
The trade of these devices can be very profitable, especially in those places where their acquisition is difficult and in the same way with the constant updating of the hardware, a striking market of second-hand equipment can be generated that continues to cover the need on the part of the community.
This, although it could be a temporary business opportunity, can leave generous dividends especially if the offer in the place where its marketing is carried out is scarce.
Investment in blockchain technology
The blockchain technology is one in which bitcoin is supported and the rest of the cryptocurrencies, its use in addition, has been implemented for other important purposes and in activities that are carried out day by day. For those people who are not completely convinced about cryptocurrencies, this technology can be a great option to invest safely.
There are many companies that currently benefit from this type of technology, food distribution companies and other raw materials, financial technology, data storage of all kinds and even medical records.
A relevant example is the Ripple cryptocurrency of Ripple Labs, which allows the transfer of money between financial institutions worldwide and is characterized by its level of speed in transactions. Many other institutions in the sector have relied on this technology and have made investments in it, so if Ripple increases its value, they will be indirectly benefiting from its success.
Final words:
Although there are not many methods to earn money with cryptocurrencies without investing directly in them, there are these possibilities with which the investor can feel more comfortable placing their money and that undoubtedly can bear fruit in a short, medium and long term.
However, it is expected that the development of the cryptocurrency market will increase and simplify more and more, including a greater number of users, so that, ultimately, it is a matter of time for investors to adapt to the characteristics of the market. and begin to evaluate the multiple available investment options.
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