Three ways to Make Money from Crypto currency
As we know Bit coin is the pioneer of all crypto currency that exist today, But the most important thing everyone wants to know is how to make money from bit coin and other crypto’s called alt coins
The following are ways to make money from Crypto currency
1
MINING
This is the process of getting this coins and selling them, it does not come cheap though, mining is simply solving a mathematical problem with the help of your computing power and get rewarded with this coin for solving this problem, in the past, it was very easy to mine bitcoin with your laptop, but it is different now because the difficulty of solving this math problem is very high and require high end machine to do this if you want to do it on your own you can join mining pools to get this coins but if you cannot, you can make use of laptop to mine some alternative coins you make use of miner gate
2
BE A SPECTATOR
There are many alt coins that have great potentials for the future such as Ethereum which has increased significantly in a short time
As a spectator, what you can do with this type of coin is simple, you buy them when they are cheap and wait for 3, 6, 9 months or even a year before you sell and earn big, there are a lot of alt coins with wonderful potentials for the future, do your research and buy them cheap and sell them high later, you won’t regret it
3
BE A CRYPTO TRADER
This is the best and easiest way to make more bit coin and money this is similar to forex but different in that crypto trading has high volatility
Just like Forex, there is a trading pair eg usd/eur, usd/gpb etc but in crypto trading you have pairs such as btc/usd btc/eur, btc/Itc and so on, there are more than 50 pairs you can trade in different exchanges on the net, the key is to do your research