It is now the eve of 2018 and Bitcoin is at the top of the mountain. The bad days seem to be gone, and while a bitcoin bubble could happen at any time, there’s no arguing that the cryptocurrency is here to stay. The sooner you get involved in making money with bitcoin, the better ground you will have in 5 years when it becomes an established currency around the world.
And if the Bubble scares you, investing in bitcoin is just one of the options, but not the only one. Bubble or not, you can still make tons of money with bitcoin. And bubble or not, the value will go up in the future because people are just getting involved.
Make your own Bitcoin Faucet
Earning Potential: $50 to $800 per month.
A bitcoin faucet is a project where you create a website or app for users to visit. You monetize the site with ads that pay in bitcoin. The ads pay a small amount of bitcoins per page view, click or conversion.
To encourage a large number of visitors to continue browsing the site every day and every hour, he offers to split ad revenue with them, paying in Satoshi, which are basically bitcoin cents. In order to claim their earnings, the user must earn a certain amount of Satoshi and payments are made on a weekly basis.
The faucets are paying between 100,000 and 400,000 satoshi per hour. Some offer premium payments for seniority or task completion.
Faucets started working with captcha resolution and nothing else. A very boring passive income task. New faucets are being built in games where users kill aliens, feed creatures or kill robots to earn satoshi, the further they progress through the game the more they earn. So this is a great idea for your own faucet.
The day when all video game players get paid to play is just around the corner.
Please note that bitcoin faucets tend to default due to lack of funds or liquidity. Faucet owners are not getting paid quickly enough to pay for a rapidly growing user base. They also tend to be hot targets for hackers.
Generate passive income from your Bitcoin blog
Since Bitcoin is so new compared to other targeted content, there is plenty of room for new bloggers and sites. Every day new businesses related to bitcoin arise; Anything from bitcoin exchanges, trading, play money sites, faucets, online stores, and mining are hungry for your ad space.
Setting up a bitcoin blog and monetizing it can be slow at first, but consistent posting of rich content will get some advertisers interested in no less than 9 months.
You can join some affiliate programs or set up your own bitcoin store. Bitcoin faucets, wallets, and exchanges pay huge referral fees.
Small Bitcoin Faucets Profits
My first tip involved creating your own faucet. If that’s too difficult, try joining one and taking advantage of its benefits. Instead of earning around $800 per month, it would be more like $30 to $100 per month with one monotonous task, but it’s still money and a first step to start building your bank.
Please note that bitcoin faucets tend to be buggy and disappear very quickly. So make sure you join some reputable ones like Robotcoin.com and BitcoinAlien.com. These are fun too because you can play while you win, my top recommendation would be robotcoin.
Create an online store for Bitcoin products or services
Bitcoin is still difficult to monetize in USD and other hard currencies. Not that it’s extremely difficult, but it does add some fees and taxes to the process. Although it is still one of the cheapest ways to send money anywhere in the world.
Buying things with bitcoins is a great way to do something useful with them and helps avoid exchange fees and taxes. Especially if you can then resell those goods and turn them into cash.
There is a great business opportunity in the sale of goods paid for in bitcoin at low or wholesale prices. All you need is a bitcoin merchant for your Shopify or WooCommerce store like BitPay.com. Shopify already comes with BitPay.