I just discovered it a few months ago, though I’ve seen so many things about it a year ago (I don’t get my sense in telling that haha). It’s just so happened that I wasn’t interested in it before and at the same time I don’t get how it works. It’s also creepy at first. Now that I know what it is and how it works, I would like to share my simple thoughts about it for everyone to understand it more quickly and be able to start earning as soon as they understood how it works.
So… Bitcoin is a digital currency that simply works the same way with physical currencies like USD, AUD , PHP and etc. Since it’s digital you can’t touch it with your bare hands, nor put it on your wallet.
Though some sites are now developing such debit cards. It’s not really worth using it because of fees and other card charges. You can use bitcoins for purchasing stuff and paying services online. It can only be real cash once you trade it to whatever currency you want.
Since you can’t hold that bitcoin, I’m sure you wonder how you can keep them. There’s actually something that can be used for you to keep bitcoins securely.
That is by using a Bitcoin Wallet. This is the very first thing that you may need to start with Bitcoin. There are many wallet providers online, but not all are trusted. Check here the most suitable bitcoin wallet for yourself. After you get your wallet, you may wanna know how to get started in earning them. There are so many effective ways in earning them:
What’s usable among them all?
Well, you should try Buy & Sell, if you’re good at trading. It’s very simple. If you have money, check the market’s price for bitcoin and wait for its low price. Right now 1 Bitcoin is equal to $359.63 (USD) (Updated price as of 14/12/2016 is $779.60 pretty cool right?). If you know that it’s on the lowest value, then BUY bitcoins.
Store it, until the value went up. Once the value is high, then SELL it.
Most of the time it’s hard to buy Bitcoins using PayPal, so other traders are taking advantage of it. What they do is they sell Bitcoins at a higher price if the payment method of the buyer is going to be PayPal. For those in the Philippines, Coins.PH also offers trading or buy and sell features.
On the other hand, there’s also paid to click sites(what is paid to click? Find out here) that allow you to earn bitcoins. I used to like a PTC site before which is called Paidverts but now I consider it as a SCAM.
There’s also another PTC site that I currently trust. That is BitsForClicks. Join for free and just start clicking ads. You’ll receive your payments to your wallet address which you will have once you created a Bitcoin Wallet (Click here to get a wallet address).
The third one is by utilizing Bitcoin Faucet, these are the type of websites that allow you to get a small amount of bitcoin at a specific time (usually it takes 5 mins to an hour).
For example, I’ll go to a Bitcoin faucet. All I need to do is to enter my wallet address answer a captcha and claim the reward. After claiming, you’ll have to wait for a specific time to claim again. This is one of the safest ways to earn bitcoin because it plays out in real-time. It will just be delayed because the processing of small transactions with bitcoins takes a bit of time. Aside from that, you can use faucets without registering so no personal details would be taken that’s why I said it’s the safest one. Check here for a list of highest paying Bitcoin Faucets
Last for me to discuss is the investments, this one is very risky I guess. Usually, people say a real investor is a risk-taker. That’s fine if you have something to risk, but if none, then just try paid to click sites and bitcoin faucets. I was once scammed with investment schemes that’s why I stopped.
In investments, there are some plans that they will offer wherein you’ll buy a plan and wait for a specific period of time, which is usually not shorter than a week, and then they’ll pay you back with your invested amount plus the returns.
It’s really hard to find a trusted investment site, but if your really interested in this kind of way, then I suggest you research and read as much as reviews you can about the site you’re planning to invest with.
Remember in this online world you can create and disable a site anytime, so beware of scammers. That’s all for me today. I hope you’ve got something from this blog. Don’t forget to like, share and follow. Thanks for reading.