Bitcoin: 10 Ways to Make Money Using Bitcoin
Have you heard about Bitcoin and are wondering whether it really is profitable? Do you want to find out more about how buying and selling Bitcoin can make you money? Do you want to get started with investing in Bitcoin today? Great! Bitcoin is, by the far, the greatest opportunity for making money fast, as its value has soared over the past 5 years. If you’ve ever bought a lottery ticket, or bet on a horse, then you’ll know the thrill of the possibility of winning big. It’s the same thrill that makes people watch football, or the Olympics, or buy stocks and shares in the next big internet company. It’s the excitement of knowing that you could make it big—that this could be your break. With Bitcoin, you have a far greater chance of success, because it has proven its profitability and resilience over time. As I explained in by book, Make Money Fast: Build a Business, Grow Your Income, And Live Your Dreams, Bitcoin is one of the best investments you can make.
Investing in Bitcoin is risky, and it is volatile, so buyer beware, but the potential rewards are also tremendous. In fact, not only is Bitcoin the new digital gold, it is actually worth more than gold! As of 7 August 2017, it is worth three times the value of an ounce of gold (1 ounce of gold being worth $1,257, and 1 Bitcoin being worth above $3,400). Does this mean you can’t use a $100 or less to buy Bitcoin? No, actually, you can buy as little or as much Bitcoin as you want. It’s divisible into many parts, so you can easily purchase $100 worth (or less) at any time. The actual percentage of a Bitcoin that you will get will vary over time, especially as Bitcoin goes up in value, which it is likely to continue to do. What is Bitcoin? It’s a digital currency created by a cryptographer under the pseudonym, Satoshi Nakamoto. It differs from regular, fiat currencies, in that it is completely decentralized. There is no one who owns Bitcoin—it’s a network. It’s also not printed. Rather, it is digitally mined.
This book will teach you ten ways you can start making money using the most amazing currency the world has ever seen—Bitcoin, which is widely regarded as the new digital gold. Gold, as you are aware, is a store of value. There are a number of reasons for this. First of all, gold is limited in supply. Gold is difficult to come by, and most of the gold you’re using today has been in use for thousands of years. In fact, your gold ring may be made of the same stuff that an ancient Pharaoh’s ring was made of, or a pre-Columbian artefact that was stolen by the Spanish. Secondly, gold is valuable because it is enduring. It does not rust or deteriorate over time. Thus, the mask of Tutankhamun, which weighs 22.6 lb, has survived for thousands of years. Tutankhamun, King of Egypt, ruled between 1332 and 1323 BCE, and was one of the last pharaohs of Egypt’s 18th dynasty. His mask, and other gold items, therefore, have survived intact for over 3,300 years! That’s how durable and lasting gold truly is. What does this have to do with Bitcoin? Well, Bitcoin is like gold in many ways. There can only ever be 21 million Bitcoins, which means that the supply of Bitcoin is limited. Based on the general principles of supply and demand, as long as there is a growing demand for Bitcoin—which there is—then the value of each Bitcoin will go up over time. In other words, it is deflationary, rather than inflationary. Your money—your cash—will lose value over time. Bitcoin will not, as long as it continues to gain wider and wider adoption. Who knows? In 20 years’ time, Bitcoin may be the new digital, world currency.
If you start investing in Bitcoin now, you could be a millionaire within the space of a decade or two—or less. I’m perfectly serious. In fact, it has already happened. Just to give you an example of its rapid increase in value: if you had about $100 worth of Bitcoin in 2010, it would now be worth $75 million—yes, $75,000,000 US. That is absolutely unbelievable, but it’s true. Compare that to the US dollar. The US dollar has no inherent value. It is simply paper money, or digital money, which is given value by those who use it. Bitcoin also depends for its value on belief, but it also has tangible value. It takes hundreds of dollars, or a thousand dollars, or more, to make 1 Bitcoin, and these costs include electricity, facilities costs, and the time it takes for all the mining machines to churn out new Bitcoins. As new Bitcoins are created, the difficulty of mining increases, and, eventually, it will be impossible to create new Bitcoins, when the pre-determined number of 21 million has been reached. You can always divide Bitcoin, even into its smallest piece, which is a satoshi, being 1 hundred millionth of a Bitcoin.
Your US dollars—or other fiat currencies—will lose value over time. If you stick $10,000 in your bank account, with a low rate of interest, it will be worth much less than that amount in 10 years’ time. If you invest $10,000 in Bitcoin, and Bitcoin continues to grow in value—which I think it will—then you will have much, much, more than $10,000 worth of Bitcoin in 10 years’ time. I hope, by now, you understand what I’m getting at. Bitcoin has a truly fantastic potential. That’s why I created this information guide, so that you can get to grips with ten ways to invest in Bitcoin. It’s designed for complete beginners, so do not fear. There’s no technical jargon in this e-book, and where there it, is it is explained in laymen’s terms. So, what will you learn in this book? You will learn a number of methods to make money using Bitcoin, including:
• The meaning of HODL
• Future estimates for the value of Bitcoin
• The buy-and-hold strategy
• How to become a Bitcoin miner (and is it worth it)
• How to lend Bitcoin (e.g. peer-to-peer lending)
• Investing in Bitcoin-based companies
• How to set up a Bitcoin bank account
• How to become a Bitcoin broker
• Short-term Bitcoin investing
• How to become a Bitcoin blogger
• How to become a Bitcoin e-book author
• Setting up your own Bitcoin exchange
• Some tips for investing in ICOs (Initial Coin Offerings)
If you’re interested in investing in Bitcoin, and believe, as I do, that Bitcoin could be the new digital gold, then do purchase and download this e-book. The future potential for Bitcoin is huge, and there is still time to invest. New Bitcoin-based companies are forming all time, new ICOs are springing up all over the place—Bitcoin is a revolution in motion. Imagine being able to take part in the California Gold Rush in 1849? Imagine being able to go to California and dig gold straight out of the ground, or pan for gold in the river and make your fortune? Similar opportunities abound with Bitcoin. If you want to get involved in this new cultural, financial and economic phenomenon, then now is the time to start reading about Bitcoin and deciding on your strategy. Everyone needs their own strategy. Consider this my attempt to provide you with the basic knowledge that will allow you to come up with your own strategy. I hope you find some value in this book, and, if you do, please let me know via Twitter @Nicholas19. Also, if you would like, make sure to give an honest review for this book on Amazon. I would really appreciate it. Finally, if you want to learn more money-making and investment strategies, then I highly recommend that you read my longer and more comprehensive book, Make Money Fast: Build a Business, Grow Your Income, which is also available on Amazon, or will be soon. If you want further updates on my books, please follow me on Twitter, like my Facebook Author Page, and sign up for my mailing list. If you join my mailing list now, you’ll be eligible for a free gift of inspirational quotations. See the end of this book for more details.
Best wishes and I hope you keep on buying and HODLing!
Best regards and good luck!
- NJ Bridgewater