• Home
  • About
  • Advertise
  • Contact
  • Policy
  • Guest Post
  • Archive

One Cent At A Time

A Personal finance blog to get rich

  • Email
  • Facebook
  • Pinterest
  • RSS
  • Twitter
  • Beautiful Life
  • Becoming Rich
  • Beginners Guide
  • Extra Income
  • Productivity
  • Saving Money

Making Money With Bitcoin

February 10, 2021 Leave a Comment

Share this:

  • Tweet
  • Email

Is 2021 the year you take the plunge on Bitcoin? If all this talk of transformative digital currencies and revolutionary blockchain technology has got you excited to try your hand at making money with Bitcoin, we’re here to help. 

Making Money With Bitcoin

Well past its infancy, Bitcoin in the 2020s is a mature and respected part of the global financial network, making it the asset of choice for millions of investors and traders. To help you take your first step as a Bitcoin investor, we’ve prepared this short guide to three different strategies for trading in Bitcoin. 

The key to all of these approaches is finding the right digital exchange. Working with a reputable exchange allows you to move quickly when the market presents an opportunity, while still delivering the security you need to trade with confidence – CoinSpot is that exchange.

How do you buy Bitcoins? It’s easy! Simply create an account, deposit funds in the currency of your choice, enter the amount of Bitcoin you’d like to buy, and confirm our purchase – your Bitcoins will be in your wallet within minutes. 

Making money with Bitcoin 

Going for long-term investments

One of the most common forms of investment in Bitcoin is taking a long position. Just as you might buy a share of a stock or other security in the hope that it will increase in value over the following months and years, many investors similarly snap up Bitcoin and look to sell at an opportune time when its value has risen against another currency. With Bitcoin such a volatile asset, taking a long-term approach can reduce the risk of trading on emotion, allowing you to approach the transaction with a bit more strategy. 

Opting for the short-term investments

An alternative approach to Bitcoin is utilizing it as a short-term investment. This requires more active attention on your part than a long-term approach, necessitating a good deal of research and attention on your part. The right information is crucial here, making CoinSpot’s in-depth market analysis tools essential for selecting the right time to buy and sell. 

Mining & accepting Bitcoin as a payment option

Did you know that you can also make money through bitcoin by accepting it as a payment option? With just a cryptocurrency wallet you can start accepting Bitcoin as payment for goods and services, offering an alternative route to building your portfolio. 

Additionally, many investors may also choose to pursue mining as a way to passively build their portfolio. With the right hardware and a steady internet connection, anyone can get started mining on an individual level. However, many instead choose to take out a stake in a cloud mining operation, offering up a fixed amount each month for a given return in Bitcoins mined through a more powerful, centralized system. 

If you want to trade Bitcoin, you should look at the trading pattern of seasoned traders. Many of the platforms have the copy trade option too so that you can learn through the trades of others. Evaluate the pros and cons of Bitcoin investments and then make your move. 

LIKE THIS POST?
I agree to have my personal information transfered to MailChimp ( more information )
Join our community of 8000+ subscribers to increase your net worth and build wealth
We hate spam. Your email address will not be sold or shared with anyone else.

Share this:

  • Tweet
  • Email
The tool that changed the way I manage my personal finance - Personal Capital, The Best Free Personal Finance Tool

Want to start a WordPress blog now? The onecentatatime.com blog is hosted by Siteground Web Hosting. For only $3.95 a month, Siteground can help you set up and host your website/blog quickly and easily.

About the Blogger Hi I am SB, a personal finance enthusiast with a career in software development. I am an immigrant to the USA since 2005, after being born and brought up in India. This 40 something technocrat lives and breathes personal finance whenever he gets time from the day job, job as a husband and a dad

Some links on this page may be affiliate links, if you make a purchase following the links, I may earn a commission. Read affiliate disclosure here
« International Students Market in Australia
The 4 Best Places To Retire In The US And Why »

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



Create your own blog in 20 minutes and $20

Personal Capital, a free tool to change your financial health today

I use and suggest Upstart, for your personal loan need

CreditKarma, a free tool to check your credit scorey

I use Coinbase, for my crypto investments

101 Cents at a Time

101 Ways to Earn Extra Money on the Side
201 Frugal and Perfect Birthday Gifts
101 Ways to Save Money Everyday
101 Ways to be Better and Successful at Work
101 Ways to Save Environment and Energy
101 Frugal and Romantic Anniversary Ideas
101 Low-Cost Men's Fashion Ideas
101 Personal Finance Tips
101 Ways to Reuse Household Stuff
101 Things to Do, When Nothing to Do
101 College Graduation Gift Ideas
100 Tips for Ecommerce Startup
101 Ways to Enjoy Indoor During Winter
101 Ways to Beat Procrastination

Popular Posts

Quick Cash - How to make $100 legally, in a day
Living well on less than $15,000 a Year
Top survey sites for side income
What to do when auto repair goes wrong
Where should I invest my money now?
20 Ways to be productive and happy at work
51 Ways to get out of debt
Be a better person in 15 days, 15 ways
Income ideas for retirees and senior citizens
51 side jobs for college students
Urgently need a large amount of money?
Should I buy or should I rent?
Best Personal loan providers
25 Ways to save environment
25 DIY car repairs to save money
How to decorate office cubicle
How to show your wife you care
50 Financial Rules for Success
51 Frugal weekend family activity ideas
Become Rich By Saving 1 Hour Of Daily Wage
How much do I need to save for retirement?
How to negotiate your salary

Follow us on FaceBook

About Author

SB

Blogger by choice and IT manager by profession. Finance is my passion and gardening is my greatest satisfaction. Born in India, settled in US, Husband and a father. I created this blog in 2011 with a vision to help others. Thanks for your patronage. More info on my "about" page.

View all posts


Subscribe

Join our community of 5000+ subscribers to increase net worth and build wealth

Advertisements

Personal Stories

How I got a new HP computer replaced
Was COVID circulating in USA in fall of 2019?
How my credit score went up 800+
Why I didn’t invest in Bitcoins
How I controlled impulses to buy things
Why this blog is named One Cent at a Time

Subscribe via Email

Site Disclaimer

Disclosure of Material Connection: Some of the links in this web site are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. Regardless, I only recommend products or services I use personally and believe will add value to my readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”
Read full Affiliate disclosure


One Cent at a Time is published by SB. The opinions expressed herein by him are his own and not those of his employer or anyone else. All content on One Cent at a Time is for entertainment purposes only. By reading this blog, you agree that SB and/or One Cent at a Time is not responsible for any actions taken after reading this blog. For the full disclaimer, click here .

Major Media Mention

One Cent at a Time Media Appearances

Copyright © 2023 One Cent At A Time · Designed by Nuts and Bolts Media