Many refer to Bitcoin as virtual gold that promises substantial payouts. Its outstanding performance in recent years has convinced investors of its unique return potential and exponentially increased its global adoption. However, some investors are still reluctant to invest in Bitcoin as they cite the high volatility and regulatory concerns.
While pressure from regulators could hinder the use and growth of Bitcoin, several governments have not yet reached a consensus on how to regulate Bitcoin. This means that users can still carry out Bitcoin transactions without outside intervention. In addition, volatility affects price fluctuations and allows traders on platforms such as bitcoin 360 ai to generate profits by buying and selling Bitcoin. And how can you get good returns with Bitcoin?
Buy and hold Bitcoin
Buying and holding Bitcoin is one of the most common crypto trading strategies that will make you money without much effort. Unlike most trading techniques, the buy-and-hold style is straightforward and beginner-friendly. It mainly involves buying and holding Bitcoin over a longer period of time.
The buy-and-hold strategy offers better prospects for substantial profits due to Bitcoin’s projected growth. You can hold the purchased bitcoins for several weeks, months or years and speculate that prices will skyrocket in the future. Traders can acquire Bitcoin holdings in one go or follow the dollar-cost average approach by investing small amounts of money over time. Buying and holding cryptocurrencies is easy to make money with Bitcoin, but only ideal for long-term investors.
Lending Bitcoin for interest
With Bitcoin, money can be earned without many investments. Lending Bitcoin to other businesses and individuals is the best option for those who don’t want to get directly involved in crypto trading. Some crypto exchanges allow businesses and individuals to lend their Bitcoin to other users for interest. Although conditions vary depending on the crypto exchange, lending cryptocurrencies can be expected to generate weekly, monthly or annual interest income.
So-called crypto lending works similarly to a savings account where you keep your money but offers more opportunities to make extra money. The service is currently available on platforms such as Yuan Pay Group. However, the Yuan Pay Group does not support Bitcoins.
Participate in affiliate marketing programs
Affiliate marketing is an easy and risk-free way to make good money with Bitcoin. Unlike trading and other crypto investments that require you to buy Bitcoin, affiliate marketing allows you to earn Bitcoin without any investment. Nowadays, many companies use affiliate marketing to attract new customers to their online platforms.
Affiliate marketers get incentives in Bitcoin when they invite their friends, family, and colleagues to the platforms that offer these programs. Affiliate marketing requires basic knowledge of online advertising. But you can even run it from your smartphone. However, you should choose providers that offer reliable affiliate marketing programs with regular payouts.
Leverage of Bitcoin Faucets
With the help of Bitcoin faucets, you can easily make money. These are online reward systems that pay small amounts of Bitcoin for completing smaller tasks such as watching advertisements and answering surveys. Some also offer mini-games or product tests. You only have to participate in these to earn Bitcoins. As with affiliate marketing programs, Bitcoin Faucets allow you to make initial profits even without an initial investment.
Of course, there are even more ways to make money with Bitcoin. However, the above strategies are the most effective with relatively low risk.