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The Best Strategies to Make Money with Bitcoin

By unhedge0x | Crypto & Greed | 1 Apr 2022


This is not another regular make money with bitcoin that you may have already come across. I know there are so many ways to make money with bitcoin, at least in this post discuss one method that you might not have come across or may haven't factor into it that it could suite a make money with bitcoin strategy or a career opportunity. 

Making money with bitcoin or other related cryptocurrencies could be too daunting especially if you're just starting out, because this is a high risk industry and often referred to as gambling by  opponents. The one big factor in making money with bitcoin is time and the risk you are willing to pay given the ups and downs.

There are familiar methods to make money  with bitcoin that are less risky but need a lot of time like maybe years and some with high risky that need a lofty amount of cash. Continue reading to find out: make money with bitcoin methods.

Since we most have heard or likely capitalizing on some familiar ones like: Trading, Mining, Hodl,  we will fast forward and find out if the other methods fit are needs. If you are just starting out search on the aforementioned methods, you may want to google or search on binance academy in that way, you will find valuable information because I had preferred to keep this content short. Let's find them out

Bitcoin Advisor

In the traditional system, individuals and businesses are always looking for advice to better their financial decision making. Bitcoin Advisor or Crypto Advisor, however you may choose to address given it relates advisor in the Crypto or blockchain technology industry. This is in my opinion one method that it's less explored than most methods you had come across. Most successful investors are willing to share their ideas and how they made out to the top, but learning the technology could still score you a position as a Bitcoin Advisor which is less risky than being a Bitcoin Trader. In this case, you only need to market your product. Given the rapid increase in the industry, beginners looking for advice to better make investment decisions will come at a cost to the advisor and he will definitely charge a fee for the service. Even though, not just beginners, big companies venturing in the bitcoin, blockchain and crypto related projects,will definitely need an advisor with knowledge about the industry who will be guiding in decision making. This industry is inevitable and grabbing knowledge for being an advisor is a better bet than day trading or mining which need a heavy stash of cash to begin with for a reasonable profit and the same likely goes for hodlin as the price of an asset won't moonshot over the night. Now you are asking how you can become a Bitcoin Advisor, this is already a full post for another article so we will answer in the next post. Being a Bitcoin Advisor could land you a life time job. Who does not want to be paid in bitcoin. 😂 

Lending Bitcoin

Lending is one method to make money with bitcoin. Like in the traditional system, when you make an extra income neither you bank it or invest. Let's assume investing comes with risk and most people will prefer to save their money. Banking has been booming in the online world and most people have been experiencing lending with banking institutions online with promising returns than their local banks. The Blockchain and crypto projects are exploring lending which is proving a valuable solution to the traditional banking services. Lending out your bitcoins is a good way to earn extra bitcoins overtime. Bitcoin lending institutions are so competitive that some pay twenty percent annual percentage yield, while traditional banks pay an average one percent less. There are many institutions that provide this financial service to the public that we can trust like Blockfi, Nexo, Celcius and many more. However, what you earn will depend on your investment so a greater stack is definitely a goal to consider. This method won't make you rich over the night but it's a great way to make money with bitcoin through lending your spare bitcoins.

In all, these are the two main methods that were preserved for this post. But if you had like, there are other methods like: freelance, blogging, video content, online courses, affiliate marketing, ask to be paid in  bitcoin, and much much more. 

I hope this piece is valuable, and share with us in the comments other methods you have been exploring or heard of. As always, hitting and smashing the like and follow buttons goes along, so I appreciate your support. One of my last post earned me a lot of support, go check it out here.

Thanks for reading 📖👍🙏

Post With ❤️ CryptoGreed

 

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unhedge0x
unhedge0x

I am a Cryptocurrency enthusiast and a Blockchain believer. Visionary on how Digital Assets will impact the lives of the unbanked and underbanked. I am not an investment genius but a guy who believes in the fundamentals of Bitcoin and the Blockchain 😁 ✍


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