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Making a Living From Bitcoin

Posted by Andries Van Tonder on October 09, 2020 - 5:32pm

Making a Living From Bitcoin

If you are like me, then you are probably always looking for new ways to generate income. There are always new opportunities out there to make a quick buck, however, I try and be selective and do extensive research into the opportunities I spot. I have recently become very interested in the opportunities that Bitcoin trading presents. Increasing your streams of passive income through a diverse range of methods can start to add up to a significant amount each month. Here are a few ways to start making money through Bitcoin.

Mining Bitcoin

Essentially mining means using computing power to secure a network to receive Bitcoin rewards. It is the oldest form of earning passive income through Bitcoin as it doesn’t require you to have cryptocurrency holdings. In the early days, this method was a viable solution, however, as the network hash rate increase most miners shifted to using more powerful Graphics Processing Units. Due to the vast increase in competition mining became the playing field of Application-Specific Integrated Circuits (ASICs) - electronics that use mining chips tailor-made for this specific purpose. Nowadays setting up and maintaining mining equipment requires substantial investment and technical expertise – but it's worth it if you happen to fit the criteria. Not to mention the cooling costs associated with running a machine powerful enough to mine Bitcoin.

Staking

Staking is a less resource-intensive alternative to mining, involving keeping funds in a suitable wallet and performing various network functions to receive staking rewards (i.e. Bitcoin). Usually, staking involves establishing a staking wallet and simply holding the coins. In other cases, the process will involve a staking pool. Some exchanges will do all this for you – all you have to do it keep your tokens on the exchange and all the technical requirements will be taken care of. This is a great way to increase your Bitcoin holdings with minimal efforts.

Lending

Lending is a completely passive method to earn interest on your Bitcoin holdings. There are several peer-to-peer lending platforms available that enable you to lock up your funds for a period of time to later collect interest payments. The interest rate could either be set for the platform or based on the current market rate. This method is ideal for those looking for long term rewards, however, it is worth noting that locking your funds in a smart contact always carries the risk of bugs.

Finding a Bitcoin Trading Company

For those who are less technically inclined and don’t have a firm grasp of how Bitcoin trading works, there is always the opportunity of finding a company that will trade on your behalf. The issue with this is that there are many seedy companies who claim to do this but then end up ripping you off. In order to have peace of mind, you need to find a Bitcoin trading company that understands the market and is reputable enough. I stumbled across Mirror Trading International, a company that operates out of South Africa. What immediately stood out for me was that they were transparent and professional in their engagements. Daily profits are paid on the days where there are profits recorded. In addition to this, they have made the entire registration and withdrawal process as simple as possible. All you have to do is simply fund your account with the minimum fund value and you can start earning. If you do need to access the funds, then this is a simple process that you have full control of.

I would suggest everyone to do their research and keep an open mind. The thousands of testimonials, along with their members from all across the world is testament that they are a legitimate company that is sustainable.

It's really quite simple :
1. Register for free ; 2. Add Bitcoin to your account ; 3. MTI starts growing your Bitcoin from day 1.
All done by MTI on your behalf. You sit back & enjoy the PASSIVE income while you sleep
Info here : https://bit.ly/MTI-GrowMyBitcoin

Andries Van Tonder Thanks Andrey, Catherine, Bill & Caleb.
October 11, 2020 at 5:23am
Caleb Mpamei Thanks for the good information.
October 10, 2020 at 7:08am
Bill Rippel Thanks Andries, great article.
October 9, 2020 at 11:08pm
Catherine Lee Thanks Andries, for some great tips on how to get more Bitcoin. These are all pretty good.
October 9, 2020 at 7:27pm
andrei68 Yarushin Thank you for sharing.
October 9, 2020 at 6:17pm