How To Get The Most Out Of Bitcoins
Bitcoin is revolutionizing the online economy and, as it is with anything that brings a disruption to the market, it follows that cryptocurrency is the future as it shifts the paradigm on how we know currencies, liquidity, the economy, commodities, and ownership.
One of the fastest ways to accumulate coins is through online cryptocurrency bitcoin casino. There is every way to earn digital coins from playing your favorite games. You, however, are smarter than just having one stream of income. You definitely want to diversify your portfolio and make more money from other income channels. Investing your earnings from online gambling is a very prudent thing to do. The good news is that there are various opportunities that will ensure you have extra income from your hard-earned Bitcoins. These include:
Since you have some extra coins in your wallet, why don’t you be a lender to margin traders that are looking for that sort of liquidity? It isn’t as risky as it sounds – there are sites like Bitfinex that provide that platform for you to lend your money and earn daily interest. This is an awesome opportunity for you to earn passive income.
The interests may be small to start with but the beauty of it is that they are compounded daily. You can start small and see your investment grow exponentially. All you need to do is to open an account on Bitfinex and deposit your coins. You then configure your account to margin funding, set your loan price, and wait for the offer to be taken. The trick is to remain as close to the market rate as possible.
Trading binary options has opened a great door of opportunities for those that are looking for something to do with their coins. The essence of binary options is that you get to trade “options” other than the shares in the stock market. The thing is that you are earning a pre-agreed amount of money on your investment if the stocks you are trading your options on meet a certain criteria. You do this by either calling or putting on a certain stock or commodity like oil or gold. Calling means that you have estimated that the stock is going up in value, therefore if the stock closes on or higher than the strike price, you get to earn the pre-agreed amount of money. This means you can earn a lot of coins without getting into the mumble jumble that is the financial jargon. It is possible to do this using bitcoins just staying up to date with the latest market trends, whether oil is going up or gold and silver are going down. It is that simple.
Investing on Bet Moose
BTCPOP has created a variety of ways that you can use to earn extra income from your digital coins. You can trade securities, create loans and become a peer to peer lender, IPOs, investment pools and saving accounts with generous interests. The beauty of the securities you can trade on is that you get to maintain anonymity. You can diversify your investment as a way of mitigating risks and achieve your financial goals. Start small, be consistent, and gain as much exposure as you invest.
Buying and selling between Coinbase and LocalBitcoins
Here is the trick: you can take advantage of the price of coins on Coinbase and check out how much money you can make selling those coins on LocalBitcoins, which is a platform that allows its users to buy and sell coins using fiat currencies or their preferred mode of payment. It is more or less a currency exchange service. You will be taking advantage of demand and supply forces in the market and knowing how they play out to your advantage. You can also use this as a bitcoin day trading opportunity. This is where you take advantage of small fluctuations. If you know that the price of bitcoins is going up, you can buy as many and then sell when the price has gone high enough for you to make a significant amount of money.
When it comes to diversifying your portfolio, there are important things that you have to know:
• Investments work best when you are knowledgeable enough. It is important to take time to comprehend what it is you are getting into. Read the terms and conditions on every investment and do a risk analysis to determine whether you can afford the risks.
• The internet is full of predators looking to make an easy kill. Do everything on your part to ensure that you don’t fall into the scammers’ nets. Verify sites and secure your wallets to ensure your coins are safe.
• Do not be greedy. There is no easy money. Most people who cry foul are the greedy type. Start small and build up slowly and consistently. That way, you will be safe and assured of a favorable outcome on your investment.
• Join forums. Be part of the conversation. You will get insights and news on the best opportunities to diversify your investments.