Sunday, 18 August 2019

6 SMART WAYS TO RAISE YOUR CRYPTO WEALTH

Passive income is a term used when describing earnings generated from a rental property, limited partnership or other enterprise in which a person is not actively involved.

Earning online passive income was always difficult but with the introduction of Bitcoin, other cryptocurrencies and the revolutionary technology of blockchain, things have started to become clearer.

We highly suggest that users do their own research before following anyone blindly irrespective of how many years of experience an institution might have. With this being said, you can very well trust Bleutrade to point you in the right direction while providing you with a promising head start.

Today we will examine a number of ways of earning passive income from Bitcoin and the cryptoworld on a very high-level.

1. One of the main and easiest ways of earning money through cryptocurrencies is to buy good cryptocurrencies and hold. When we mention ‘good’ cryptocurrencies, we are talking about coins that have excellent fundamentals and a case that shows that its value is bound to rise in a particular period of time.

2. Trading is another popular method. Basically, successful trading involves buying coins at a cheap value and selling them at a higher one according to whatever your target price is. Although this is not for everyone, it’s important that users analyse charts regarding price movements while keeping an eye on the market regularly to ensure that your buy/sell decisions are optimal.

3. Mining cryptocurrencies like Bitcoin, Litecoin, Ethereum and others is another profitable method from which users can earn passive income. However, it is vital to point out that mining is no easy task as you will need powerful equipment to mine profitably.

4. By using a Masternode, which is essentially a full node (a.k.a computer wallet) that supports the network by hosting an entire copy of the coin’s ledger in real time. As a reward, the masternode will get crypto coins. However, note that the computer wallet must be operational 24/7.

5. Using Proof of Stake (POS) is another great way of earning income. This process involves staking cryptocoins which a user owns which follow some sort of POS consensus mechanism. Users are required to keep POS cryptocurrencies in an open wallet for the maximum time (sometimes even 24/7) in order to generate similar coins.

6. Keep on the lookout for outstanding Affiliate Programs that certain blockchain companies provide. Bleutrade allows users to earn commissions when users recommend other potential users and a further 50% income over all transactions which have been made by affiliates.

As with everything else in life, this comes with pros and cons and your success within the crypto world is solely based upon the amount of research and self education a user does. However, joining a respectable blockchain that will help show you the ropes, will definitely be a step in the right direction.


By Bleutrade Exchange
source: medium.com

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