After Elon Musk’s humongous investment of $1.5 Billion on Bitcoins, even the most backward of people are asking – How much money can I make with Cryptocurrency?
Well, there are several ways you can make money with Cryptocurrencies, with Bitcoins in particular. But how much money you can make totally depends on you and the caliber you possess.
I am a Bitcoin investor myself, and I have been investing in Bitcoins for the last three years; and honestly, I find it to be quite lucrative but investing is not the only way you can make with Cryptocurrency; there are a ton of other ways you can make money with Cryptocurrency.
Investing is just a little part of it. Since you have clicked on the link to this article, I am sure you too want to know how much money you can make with Cryptocurrency.
How Much Money Can I Make With Cryptocurrency?
Bitcoin is the most popular Cryptocurrency on the Earth; therefore, I will be using Bitcoins and Cryptocurrencies interchangeably from here on. So without further adieu, let us take a look at how you can make money with Cryptocurrency, and only then will you understand how much you can make.
1. Earn Money By Pumping, HODLing, And Dumping Cryptocurrency
Pumping, Holding, and Dumping are the crypto terms for buying, holding, and selling in Bitcoins. It is one of the important things to learn to know – How much money can I make with Cryptocurrency?
It is one of the easiest ways to make money with Cryptocurrency. You simply buy the Cryptocurrency at a low price, hold it and wait for the perfect time to sell it when the price is higher. You just need to practice it once you get good at it. You can earn huge amounts of money by simply pumping, holding, and Dumping.
2. Earn Money By Mining Cryptocurrency
Mining is one of the most basic ways to earn Cryptocurrency. How much you can earn by mining also totally depends on how much you are mining and how much you are willing to spend on buying supercomputers.
As you know, mining takes a lot of common resources. Mining is the most basic way in which a Bitcoin can be mined. For mining, very powerful computers need to solve complicated mathematical equations, and only then is Bitcoin mined.
You can make a ton of money just by mining; you just need to invest a lot in electricity and on buying very powerful mining rigs.
3. Use Affiliate Marketing To Your Advantage And Make Money With Cryptocurrency
Affiliate marketing has become one of the easiest sources of passive income post-COVID-19. You can make tons of money by just sitting at home and affiliate marketing. While Affiliate Marketing, you can accept payments in Bitcoins, and you can use those Bitcoins to invest and trade.
When you indulge in affiliate marketing, there are a ton of incentives that you receive from the brand’s end. You can ask the company to give these rewards in Bitcoins. The amount you are going to earn will depend on how well you can affiliate with the market.
4. Use Your Trading Skills To Earn Money With Cryptocurrency
In general, when people want to know How much money They can make with Cryptocurrency. The first thing that comes to their mind is Trading. But do not be confused with Pumping, HODLing, and Dumping.
Pumping, HODL, and Dumping are often long-term things, whereas Trading is a short-term activity. Trading is basically taking advantage of the volatility of Bitcoin. Trading is one of the easiest ways to earn Cryptocurrency. Do note that in order to trade in Bitcoin, you need to have a very firm knowledge of how the crypto market works.
If you do not have proper knowledge of how Cryptomarket work, you might end up making huge losses.
5. Earn Money By Writing Blogs On Cryptocurrency
You can earn money by writing blogs and articles on Cryptocurrency. Cryptocurrency is one of the most trending things on the planet at this time. The buzz that Cryptocurrency is making is becoming very hard for people to ignore.
It is extensively covered by mainstream media. People want to know more about Cryptocurrency and especially on Bitcoins. Only a few people are informed about what Cryptocurrency truly is; not many know about this niche. You can use this to your advantage and start writing informative blogs on Cryptocurrency and educate people about the pros and cons of Cryptocurrencies.
If your blogs garner traffic, then you can monetize them and earn money from them. How much you earn will depend on how frequently you can publish the blogs and the rate of monetization. I hope this answers your question – How much money can I make with Cryptocurrency.
6. Earn Money By Gambling Cryptocurrency
You can earn huge amounts of money by simply gambling Cryptocurrency. We do not condone Gambling in any sort of form; this is just to answer your question – How much money can I make with Cryptocurrency. In short, you can gamble Cryptocurrency and make it pretty big.
It is always the horse that wins, but since Cryptocurrency is something different altogether, anything can happen. There are a ton of websites that allow Crypto gambling; you can surely check them out at your own risk.
Frequently Asked Questions
These are some of the frequently asked questions. We thought of sparing a few moments and answered these.
- What is the best Cryptocurrency?
Bitcoin is the most popular Cryptocurrency with a market share of 68%, so Bitcoin serves to be the best and the most popular Cryptocurrency.
- What is the value of Bitcoins?
At the time of writing this article, the value of Bitcoin is over 48K
There you go; I hope now you know the answer to – How much money can I make with Cryptocurrency. I really hope that you make the kind of money you want to make with the help of Cryptocurrency. You just need to have a passion for Cryptocurrency, and then you are all set to go.