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How to Earn Money with Bitcoin?

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    How to Earn Money with Bitcoin?

    Can you tell me all the ways to Earn Money with Bitcoin? I have no idea how people are making money from Bitcoin. I may need someone explain in details. Thanks!

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    Bitcoin is like stocks, you invest in it. You buy when it's low and sell when it's high.

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    One thing to keep in mind. When you go to convert it into a currency you can go buy a car, groceries, housing etc... You have to be able to find someone willing to give you the type of currency you want for your bitcoin.

    Or find someone willing to take your bitcoin in exchange for products and services you want.

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    Bitcoins are online currencies that can be converted to hard cash, but there are also stores that accepts Bitcoins as a form of payment for their products or services. Bitcoins are like stocks. They are investments that you make in the ope that you will profit from it through the increase in its value. This increase in value can be seen in the increase or decrease of its buy and sell value. Say for example if you buy bitcoins for 100 dollars each and a week after it is selling in the market for 200, then the 100 increase in value is now your profit which you can decide i you want to convert to cash.

  5. #5
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    Quote Originally Posted by brucealmighty View Post
    Bitcoin is like stocks, you invest in it. You buy when it's low and sell when it's high.
    How to know when it is low to buy?

    Are there any trusted or pouplar sources buy bitcoin?

    Quote Originally Posted by Rob Whisonant View Post
    Or find someone willing to take your bitcoin in exchange for products and services you want.
    Agreed, it is a good way to gain bitcoins

    Quote Originally Posted by Joscess View Post
    ...Say for example if you buy bitcoins for 100 dollars each and a week after it is selling in the market for 200, then the 100 increase in value is now your profit which you can decide i you want to convert to cash.
    We don't need to buy bitcoin with $1000. Can I start buying it with $200 and selling it when it is high? that will bring more profits?

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    Search about bitcoin so that you have a thorough knowledge about it. If you are done, search the background of the bitcoin company that you are planning to join. Read the comments of the people. Once you are sure with that company, invest in small amount first. By the way, read the policies of the company so that you will not be misled.

    Bitcoin is just like investing shares of stocks. Be it known that Bitcoin fluctuates from time to time same as the stock market. You can also sell it if you want.

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    Bitcoin it self is money, however you can invest that money by several ways. As a start you can buy bitcoin from various trusted platforms using Visa card such as : Coincap and bitrex..etc,and wait until its value to increase then you can sell to another person.
    Also you can gain bitcoin by mining it,and the term mining is called for the process of getting bitcoin as a reward from letting your computer to solve algorithms sent by several companies and processing information, then your computers processing speed (called Hash rate) is calculated and bitcoin rewards then distributed to those who solve those algorithms based on their hash rate which also depends on the processing power of your computer .

  8. #8
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    Do your research well! My $8,000 computer could only muster $2.00 / week! LOL! And they're projecting a fall in Btcoin value sooner or later which will mean that your earnings from mining will also be cut (probably in half) on an already dismal return.

    I am not saying that Bitcoin should be disregarded, but I don't suggest ignorant investing in it or minimg without proper calculations on the amount of money it actually costs you to do it in relation to any "profit".

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