Earn Money While Holding Your Bitcoin In 2022
Sep 10, 2021
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Everyone wants to earn money as it is impossible to live in today's society without it. With the advent of technology, there are many ways to make money on the internet, and one of them getting a lot of traction recently is via cryptocurrencies. Despite the worldwide pandemic causing havoc on all major economies globally, the crypto industry has continued to grow.
Even if it had a loss at one point, crypto experts think that this bearish run is temporary, and most cryptos will see astronomical returns in the future. Bitcoin, as the leader of the pack, is no exception to this widely held notion. A few enthusiasts think that Bitcoin may eventually reach the $500,000 level. When you consider where it began and where it has come, this may not seem to be a far shot.
Even if you lack the patience to HODL your cryptos for an extended period in this mini bear market, the leader of the pack - Bitcoin, offers a few attractive opportunities to earn good money just by holding it.
Different Ways of Earning Money With Your Bitcoin
Micro Earnings
As the name implies, micro earnings will not give you major gains; nevertheless, it's a respectable method to earn money if you know what you’re doing. For starters, if you do not mind skipping the advertisement option, micro-earnings will seem attractive to you. Pay-to-click (PTC) services such as Bitcoinbarrel will compensate you in Bitcoins for viewing advertisements. Additionally, micro-jobs such as viewing YouTube videos or completing online surveys are available. Bitcoinget is also a well-known micro-jobs website.
Micro earnings websites compensate you in very little quantities of Bitcoin, which are known as Satoshis. To put this into context, one Satoshi is equal to one hundred millionth of a Bitcoin. Thus, viewing an hour-long advertisement will reward you between 0.04 and 0.05 USD. If you're looking for a quick way to make money while passing the time, micro earnings faucets are the way to go.
By Availing RoFx Expert Advisory Services
If you don't have time to do your own trades, RoFx offers an amazing solution. RoFx is an automated trading bot that specializes in Expert Advisor services. Unlike many other algorithmic trading bot providers, RoFx is both user-friendly and reputable. Consequently, it may be regarded as a one-stop solution that is fully automated and requires no human intervention.
Recently, RoFx has announced the release of their improved V2.0 platform, where you may make up to 0.97 percent of daily earnings. You have the option to choose between three bundles, with five plans each.
The plans have a set minimum and maximum deposit amount in BTC. Trial (0.05 – 0.25 BTC), Easy Start (0.25 – 0.5 BTC), Moneymaker (0.05 – 2.5 BTC), Gold (2.5 – 5 BTC), and VIP (5 BTC – Unlimited) are all available. Each package has a different performance charge, with the highest at 50% and the lowest at 5%.
This is the ideal passive investing platform for both novice and expert traders since all you have to do is select a package, deposit your BTC, sit back and earn. The example below will give you an idea of the profits that could be earned by using your idle BTC funds.
We have considered RoFx's Easy Start package in the above screenshot, where the minimum deposit is 0.25 BTC. Then, we chose to hold those funds within their system for 360 days and pick their V2.0 platform. If you are to pick their Advanced Compound Easy Start pack by the end of the year, your funds will grow up to 2.019 BTC. You can also make lesser BTC deposits and pick a lower time frame to hold your funds. However, the longer you hold your funds, the bigger your profits are. This company has been in business for over a decade now, and no unreliable Expert Advisor company can stay in the market for that long. Therefore, you can count on RoFx and start making a consistent income while not risking your ideally held BTC.
Scalp Trading (Scalping)
Scalping is a short-term trading technique that entails taking modest, frequent gains to earn a significant profit by the end of the trading day. Scalping is prevalent in cryptocurrency trading because of the volatility and fast-moving nature of the market. Over 80% of cryptocurrency investors think that trading is the most effective, if not the only, method to make good money in this sector.
However, most of them do not realize that trading is more than just keeping an item till its value increases; being a scalper requires a great deal of effort, but most importantly, you must possess the necessary analytical and technical abilities.
You'll need to study market charts to determine the performance of listed assets; this is probably the most time-consuming method of earning from cryptos, but one of the most lucrative, in our opinion. You may begin day trading on any exchange today; all you need to do is register, purchase some assets, and evaluate.
Which cryptocurrency is ideal for scalping depends on your trading style and risk tolerance. Beginners would often choose Bitcoin over other cryptocurrencies because of its lower volatility and more stability. You may utilize different indicators to develop a Bitcoin scalping strategy or automate your trades using a Bitcoin scalper bot or EA.
Bottom Line
Earning money online with the assets you already hold is not an option but has become necessary in these trying times. Apart from the ways mentioned above, there are many other lucrative ways of utilizing the idle holdings of your Bitcoin. But these are the most reliable and risk-free ones out there to get started with.
The opinions and assessments expressed in the text are the views of the author of the article and may not represent the position of Cryptogeek. Do not forget that investing in cryptocurrencies and trading on the exchange is associated with risk. Before making decisions, be sure to do your own research on the market and the products you are interested in.
Author and journalist. Have a bachelor's degree in History and several years of experience in different media
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