How to Earn a Fortune Using Bitcoin

Bitcoin is surging in popularity, and with it’s growth comes an increase in its value. You don’t have to sit and watch everyone else make their money, though; there’s plenty of ways you can make your own fortune using Bitcoin.

 

Casinos

The most obvious and probably the easiest option is, of course, to go to a casino that will allow you to play in Bitcoin and therefore give you any of the winnings you make in Bitcoin. It can be a risky business; gambling always is! However, if you know what you’re doing and stick to the games that you’re good at and know well, you can easily make yourself a lot of money and watch your collection of Bitcoins begin to stack up! You can then choose to keep your wealth in Bitcoins or trade them in/sell them on in exchange for ordinary currency.

 

Cloud Mining

One of the only ways to earn yourself Bitcoins without having to lose any money yourself is through cloud mining. Cloud mining is a technique that allows you to mine your own Bitcoins, but be wary. While this set up initially sounds ideal and like the perfect way to make some cash, it’s not all fun and games. Mining Bitcoins is a very tedious task- you could be mining away for 24 hours and only make 0.001 BTC. However, if you don’t have a timescale in mind and have a lot of patience, mining could be the best option for you! Once you’ve earned yourself a substantial amount of Bitcoins, you can then sell these on, with an additional fee on top for all the mining you’ve done, and make yourself a nice bit of cash.

 

Trade your Bitcoins

Trade your money in for Bitcoins on a trading website of your choice and then sell them on to people for even more money. The trick here is to find the right time to sell your Bitcoins. Try to pick a time when the value of the Bitcoin is at the highest it’s been in a while, or when there’s something happening so Bitcoin becomes higher in demand- this will create a larger want for Bitcoin and people will be willing to pay more for it, helping you to make some very nice profits!

 

About

Bitcoin enthusiast since 2011. Hates altcoins, except Ethereum, but then again, that's not really an altcoin.