Trading bitcoin is a profitable investment that many people depend on as their form of income. But how much would you really make trading bitcoin is a question that many would pose? Is it in the billions or millions of shillings? Is it just pocket change or really good money that would support a person to raise and take care of a family? It is possible. Bitcoin currency prices have wide ranges that make them a really expensive mode of payment and a person possessing a huge number would definitely be wealthy.
Thousands of shillings are earned when mining bitcoin. This is an expensive affair that requires high-end computers that would support software that enables mining bitcoin. A person can make the most out of trading bitcoin with this method. It involves competing with others to solve blocks that have bitcoin and therefore are complicated and require skill and accuracy. Most people team up to solve them and share the rewards together in what they call mining pools.
Content writing about bitcoin earns you quite a bargain of money as bitcoin lovers pay others to acquire information about trading. This is usually a market niche that is exploited in the form of many websites paying to receive written articles about bitcoin and cryptocurrencies. A lot of copying and pasting is done by beginners as they compete to try and take advantage of this free money giving that requires less skill. Fast thinkers end up earning huge sums of money from these, but the range isn't that of the million-dollar mark.
Of course, gambling as a form of trading bitcoin can earn you over millions of shillings depending on your stake. Every day, new platforms of betting are created as this includes websites and applications that deal in bitcoin. As a gambler you would know of what can be lost and gained by betting, try to take it slow on this as your fate hangs virtually in the balance. The great part about this being that payouts are fast and instant upon winning your bets and multiple bets.
The rich would become richer, as millionaires who take part in trading bitcoin may make millions more by buying and holding bitcoin. As is often a game of waiting for prices to surge to the top, then selling bitcoin bought at a smaller price for profit. It is important to study the trends before engaging in this activity as it may end up being a blow to your face. A rich individual would have everything to gain by investing millions in this activity.
Taking part in micro-jobs that deal in bitcoin may cost you over a hundred thousand dollars. Surveys such as watching and commenting Youtube videos reward bitcoin as the more you do, the better you earn. The amount of money you can make trading bitcoin usually depends on the type of trading bitcoin you choose, remembering that the risky ones would reward the most. It is an inaccurate undertaking to try and figure out the exact figures a person would gather in terms of money.