How To Earn Bitcoins Fast?

Bitcoin is a virtual currency founded in 2009 by an anonymous individual or a group of people only referred to as Satoshi Nakamoto to offer a platform …

Mar 14, 2019 10:15&nbspUTC

| Updated:

Mar 14, 2019 at 10:15&nbspUTC

By&nbspKapil Gauhar

Before diving into the fast methods of earning bitcoins, it’s important to clear the view about, “Why Bitcoin?”

Bitcoin is a virtual currency founded in 2009 by an anonymous individual or a group of people only referred to as Satoshi Nakamoto to offer a platform for the decentralized payment system.

The advantages you can expect from owning bitcoin include,

  1. Bitcoins have a great potential for growth to deliver higher ROI in the near future.
  2. The digital currency allows you to save funds anonymously without worrying about the 3rd party seizures.
  3. Owning bitcoins makes you a part of the network owner, and you will be called to vote for the critical decision in the network.
  4. It presents you a cheaper and faster way of sending value across the world.

You May Also Read: Top 7 Sites To Buy Bitcoins With No Verification Using Credit/Debit Card

The Best/Fast Methods To Make Bitcoins

Work for Pay with Bitcoin

Working to earn Bitcoin is one of the easiest and legit ways to earn this digital currency. It makes no difference whether you are an online marketer, singer, engineer, or designer, you can identify websites which allow people to work for bitcoins.

Here are a few sites which pay in Bitcoin –

  • Coinality
  • Angle.Co
  • 21.CO
  • XBTFreelancer

Bitcoin Affiliate Programs

Affiliate programs are there to help promote products for a commission. In this scene, you work for the businesses which pay the commission in Bitcoin.

The secret to getting more from promoting bitcoins affiliate programs is to become a leader in your niche so that you may command authority and large traffic.

Being an expert or leader in your niche, followers will make recommendations for the products you review for converting them. Thereafter, the commission is paid in bitcoins.

Earn Bitcoins from Interest Payments

If you already have some bitcoins, you can lend them out for a profit to make more coins. The easiest way of earning BTCs using this method is lending them to a person you know better. Following are the two methods of earning BTCs from interest payments –

  • P2P Bitcoin Lending: There are websites like Bitbond which offer borrowers with an additional method of borrowing. At the time of lending to the others on P2P sites, it’s recommended to deal with many borrowers as a method of spreading the risk.
  • Bitcoin Banking: This method is a lending model where those who own bitcoin deposit their coins and earn interest over time. The funds you deposit in your bank are lent to the borrowers who repay with interest.

You May Also Read: Who Accepts Bitcoin & What Can You Buy With It?

The Final Take

While there are several methods that you can use to earn Bitcoins quickly, it’s important to know that each method comes with unique risks. The most important thing is to make sure that you comprehend the chosen method and take all the precautions to avoid getting scammed.

Although experts recommend trading as the best approach on how to earn Bitcoin fast, yet it is advisable to start by practising with some coins before trading with a lot of funds.

Also, you need to be prepared for other costs like withdrawal charges and trading fees which will define the amount you can make from trading bitcoin. Do you know what are the top 10 bitcoin trading tips?

Here are a Few More Links for You to Read Next:

Kapil Gauhar

Kapil Gauhar is the founder of Blogger’s Gyan. He is a Passionate Blogger, a Big Thinker and a Creative Writer. His passion for doing friendship with words and letting people know about the wonders of the Digital World is what motivates him to take writing as a career.

Canadian Billionaire Calvin Ayre Brings Popular CoinGeek Conference on Cryptocurrency to …

Bitcoin SV is the only project dedicated to the original design, protocol and “Satoshi Vision” of Bitcoin’s mysterious creator Satoshi Nakamoto.

TORONTO, March 14, 2019 /PRNewswire/ — Noted billionaire Calvin Ayre is returning to his Canadian roots by bringing his popular cryptocurrency event the CoinGeek Conference to Toronto for a two-day happening at The Carlu, a historic event space on May 29-30.

Ayre, who is currently residing in Antigua where he is a Special Economic Envoy with responsibility for advising on economic cooperation between Antigua and Barbuda and other sovereign States where blockchain technology is being utilized, notes, “When I was a farm kid in Saskatchewan I’d come to Toronto about once a year with my folks and we’d always go to the Eaton’s on College Street. We were never fancy enough to dine on the 7th Floor, but we would sometimes look at the Torontonians there and marvel at how elegant it was. It’s exciting to bring my cryptocurrency event to the place regarded in my childhood as so out of reach!”

Notable speakers include host and moderator Bitcoin Association President Jimmy Nguyen, Cole Diamond a Toronto native and CEO of Coinsquare, Canada’s most secure digital currency exchange; and one of Bitcoin’s great visionaries, nChain’s chief scientist Dr. Craig Wright.

The CoinGeek Toronto conference, May 2019, is the latest instalment of CoinGeek’s headline events. Following on from CoinGeek Week in London last November, and the inaugural CoinGeek Conference in May 2018 in Hong Kong, CoinGeek are leading the way in galvanizing the world’s merchants and enterprises to adopt Bitcoin SV (BSV). Bitcoin SV is the only project dedicated to the original design, protocol and “Satoshi Vision” of Bitcoin’s mysterious creator Satoshi Nakamoto. The overall event’s theme will be Bitcoin SV: No Limits, with a focus on massive scaling and the technological power of Bitcoin SV, which emerged in November 2018 from the world’s first Bitcoin “hash war.”

While the CoinGeek conference is focused on Bitcoin SV, its inclusive environment incorporates speakers who also work with other cryptocurrencies and blockchain projects, and welcomes all attendees interested in learning about BSV.

With objectives to educate on the importance of massive scaling on the BSV blockchain – such as the benefits of larger block size for enterprise usage and to sustain cryptocurrency miner profitability; to promote the value of BSV and why merchants should seek to adopt this new world currency; and to promote the benefits of BSV’s blockchain for technology developers, the event will feature world-class Bitcoin and blockchain experts as speakers.

May 29 will be a “Developers Day” focused on technical issues for BSV.

May 30 is the main conference intended for business executives from all industries, and anyone interested in BSV and blockchain technology. The morning sessions will cover scaling and technical developments of BSV; how merchants can accept payment with BSV; finalist presentations from the first ever BSV hackathon; and Dr. Wright leading a discussion of The Metanet, nChain’s ground-breaking project to power and integrate the Internet through the BSV blockchain.

The May 30 afternoon sessions will address tokenization with BSV; enterprise applications on the BSV blockchain; a discussion of a Bitcoin future finally with “No Limits”; and close with a special interview with Craig Wright about the beginnings of Bitcoin.

With an expected audience of more than 250 global cryptocurrency elites, there will also be a legendary after party of the type Ayre is famous for. Based on knowledge of Ayre’s parties, it’s sure to include amazing entertainment, top DJs, fantastic food, and copious drinks, bringing Ayre’s incredible lifestyle full circle back to his home, Canada.

For more information please see www.coingeekconference.com.

For press needs in the Western Hemisphere, please contact :

Susan von Seggern

susan@susanvonseggern.com

+1-213-840-0077

or on Telegram Susan VonSeggern

For the Eastern Hemisphere please contact :

Ed Pownall

ed@pownall.eu

+44-7825-064776

SOURCE CoinGeek

Related Links

http://www.coingeekconference.com

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Jimmy Nguyen: Why nChain has filed so many patent applications

Pressed on whether he believes Craig Wright is, as he claims, Satoshi Nakamoto, the mysterious originator of Bitcoin, Jimmy offers a personal view …

Jimmy Nguyen is the first and founding President of the Bitcoin Association. He also chairs the Strategic Advisory Board for nChain – the two organisations being, as he puts it, “key supporters and backers of Bitcoin SV”.

As to why nChain is so busy filing patent applications, Jimmy says “it’s a bit of a race to the patent office. If we don’t file applications for some inventions, some other company’s going to come along and file something that bleeds over and blocks or claims a territory.”

Jimmy wrote about the issue on this website recently, noting with amusement that critics would doubtless make something of the fact that nChain had filed it’s 666th patent (see The devil is in the patent details).

“I know there are many people out in the cryptocurrency world who are sceptical and concerned about nChain’s IP programme.” But Jimmy says that nChain’s work is only possible if it can be protected, just as other businesses such as IBM and Bank of America are prolific in filing patents: “we are a private enterprise that invests a lot of money, time and team members into R&D development to unlock some amazing inventions – particularly out of Craig Wright’s head [nChain’s Chief Scientist]. And that has value to the world, but it costs money. And we will only invest in that if we can protect that.”

In defence of nChain’s patent filing, Jimmy says “we are doing work to try to grow the entire Bitcoin ecosystem”. As a business model, that means selectively charging developers for licencing nChain IP. Some nChain IP will be licenced for free for products supporting the SV blockchain: “that is a way for us to …entice companies to build on the Bitcoin SV blockchain. It’s a way of wielding IP power – I say, for good”.

On the question of Bitcoin SV governance, Jimmy says he can “definitely see a world one day where there is some type of …governing body.” Similar to the governance of the World Wide Web, it might include “some collection of main players in the ecosystem that have discussions and hopefully reach agreements on standards.” One important aspect would be to achieve interoperability – between wallets for instance.

Jimmy is sceptical about companies trying to create their own private blockchains instead of using a public one like SV: “essentially, if it’s all maintained by one company, that’s not really a blockchain …When a company comes along and says ‘I’ve got a new blockchain project’ and if they are the only ones who get to tell you whether you get to act on that blockchain, and they control the permission to it and they run the mining nodes on it, that’s not really a blockchain – it’s like a private database.” For Jimmy, the idea of a blockchain entails some public element: that makes the blockchain ideal for business uses, rather than for the more limited use inside a single company.

Pressed on whether he believes Craig Wright is, as he claims, Satoshi Nakamoto, the mysterious originator of Bitcoin, Jimmy offers a personal view from working closely with Craig that “he has an understanding of [the Bitcoin protocol] that is beyond anyone I’ve ever seen …and I think that it’s very clear that he was working at the very beginning of Bitcoin”. Jimmy ends with a smile: “and from that, people can draw whatever conclusions they want!”

Listen to more from Jimmy, including his thoughts on the “unlikely trio” of senior figures in the world of Bitcoin SV that he forms with Craig Wright and businessman Calvin Ayre:

Please subscribe to CoinGeek Conversations, our weekly podcast series. Search for “CoinGeek Conversations” wherever you get your podcasts, subscribe on iTunes, listen on Spotify or visit the CoinGeek Conversations website.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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Commoditized Cryptocurrencies Are Killing Decentralization [Opinion]

At Bitcoin’s inception, we gravitated around Satoshi Nakamoto and hung out on a single forum that had all the information we could possibly need.

Mainstreaming has its costs. The total commodification of the cryptocurrency market may present some more profit-taking opportunities, but there is a price to pay. Our vulnerable financial freedom may be at stake — again.

Let’s face it — we live in one centralized world.

We do most of our shopping in giant malls or on Amazon. We hang out in Starbucks, we search for information almost exclusively on Google, and we spend most of our time online on social media platforms like Twitter, Facebook, and Instagram.

Contrary to what many cryptocurrency advocates believe, centralization is not just a consequence of the industrial or technological revolution. We are to blame — though, “blame” may not be the appropriate word to use in this context.

Centralization is in our very nature.

centralization

Since the dawn of civilization, we have delegated our responsibilities to a leader. From the moment we are born, we gravitate around our parents, the cool boy or girl at school, or around our charismatic friends. It was only natural for the blockchain and the cryptocurrency industry to follow the same path.

At Bitcoin’s inception, we gravitated around Satoshi Nakamoto and hung out on a single forum that had all the information we could possibly need. After Nakamoto went rogue, we picked different leaders and delegated all our responsibilities to a group of developers, to mining pools, and to so-called social media influencers and personalities.

We’ve even taken the next step and, now, we are willing to forfeit our Satoshi-given right of financial independence to a few cryptocurrency exchanges, hot wallets, and other lucrative third parties — just for the sake of convenience.

Unfortunately, this is just the beginning. Now, we are also willing to fully commodify the cryptocurrency space and include it into an already rigged, greed-mongering system — just for the sake of profit.

crypto exchange

Commodifying The Cryptocurrency Market

Recently, Crypto Twitter and the wider cryptocurrency media rejoiced as a ‘fintech startup’ announced the completion of a private initial funding round. Swiss-based Amun AG raised $4 million in its attempt to make cryptocurrency investments ‘safe, easy, and regulated.’

Excited to share what we’ve been up to @AmunAG: safe, easy, regulated ETPs to invest in an index of cryptos, Bitcoin, Ethereum, and (soon) Ripple.

This is in addition to our efforts to tokenize our own ETFs as well as offer issuers a platform to do the same. More details on TC. https://t.co/lWV9ysBP2f

— Hany Rashwan (@hany) March 11, 2019

The company’s first Exchange Traded Product (ETP) — a financial derivative tradeable on securities exchanges — is an index basket consisting of five major digital assets: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and Bitcoin Cash (BCH). The distribution of these assets in the HODL index is uneven and based on capitalization, with BTC weighing the most (almost 50 percent), followed by XRP (27 percent), ETH (16 percent), LTC (four percent), and BCH (almost three percent).

Amun’s ultimate goal is to create ETPs for all five digital currencies, individually — as well as EOS (EOS). Bitcoin and Ethereum ETPs are already listed as products with XRP (XRP) joining the crowd, soon enough.

In other words, this company wants to bring cryptocurrencies to institutional investors — and retail investors used to the convenience of buying stocks.

It may be safer than some current options and definitely regulated — but is it a step in the right direction, though?

cryptocurrency profits

Cryptocurrencies and Stocks: A Match Made In Hell

For now, the ETPs are 100-percent backed by their derivative cryptocurrencies, according to Amun’s fact sheet — but there’s a catch. If an investor buys ABTC (the Bitcoin ETP) or AETH (the Ethereum ETP) he or she won’t actually own anything but stock. The bitcoins or ethers will be in Amun’s sole possession and will be managed and stored by a central custodian. As a result, the investor will have to fully trust a lucrative third party. This goes against everything the cryptosphere stands for or, at least, should stand for.

Bringing institutional investors into this nascent market could quickly backfire. Indeed, they will inject liquidity into cryptocurrencies — but not because they actually want the blockchain to thrive. They will do so for strictly speculative purposes. With enough funds, they will take hold of the industry, rigging the prices and cannibalizing the market, similar to what is currently happening with commodities and the stock market.

The cryptocurrency industry is already plagued by price manipulation techniques and, instead of fixing the problem, we will just institutionalize manipulation altogether.

bitcoin manipulation

Amun may currently have fully collateralized ETPs but, as commodification grows and evolves, other companies will start creating diluted crypto-based derivatives not fully backed, similar to the current state of the precious metals markets.

There have been numerous reports in the past several years regarding the COMEX — a futures and options market for metals — using a sky-high leverage ratio between ‘paper’ gold/silver and actual physical gold/silver stored in vaults.

In a nutshell, all this translates to centralization in terms of price manipulation, cryptocurrency holdings, and actual supply. (Just imagine Bitcoin (BTC) trading as a 100-million-total supply coin, instead of 21M.) Very few trading companies will end up having most of the coins. When the industry becomes centralized, it moves further away from the original ideas envisioned by Satoshi Nakamoto.

Nakamoto might have dreamt of creating the perfect decentralized world, but we ruined it. Nakamoto might have dreamt of giving us total financial freedom, but we are slowly giving it all away.

What do you think? Is the commodification of the cryptocurrency market a step in the right direction? Won’t it lead to even more centralization and price manipulation? Let us know your thoughts in the comment section below!


Images courtesy of Shutterstock, Twitter.

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BitcoinTalk Lost A Third Of Its Users In February

The old message forum was created by Satoshi Nakamoto in 2009. The very first bitcoin transaction was negotiated on the BitcoinTalk forum– 10,000 …

The BitcoinTalk forum lost a third of its referrals from the bitcoin community in February, according to available traffic data from website analytics firm SimilarWeb.

The old message forum was created by Satoshi Nakamoto in 2009. The very first bitcoin transaction was negotiated on the BitcoinTalk forum– 10,000 BTC for some pizza.

But February referrals from several cryptocurrency websites and a couple major platforms (like Twitter and Github) declined markedly for BitcoinTalk in February. Their numbers are down by nearly a third in one month.

Google Trends Search Interest in Bitcoin Declines

Google Trends shows search interest in “bitcoin” has massively declined.

The decline in outbound referral links to Bitcointalk in February tracks perfectly with a decline in Google Trends. Over the same time period, general interest in Bitcoin has also dropped.

As of Dec 1, 2018 “Bitcoin” search query volume on Google was down 26% since March 18, 2018. It slid all the way to 67% down since March 18, 2018 by February 2, 2019.

Google doesn’t tell us the exact search volume on Google Trends.

AdWords users who place paid ads on Google’s search engine results pages and ad network receive a range of prices. Google values keywords by current active interest.

Still, dropping another half of whatever the Google search volume for “bitcoin” was in March 2018 over just two months, after spending eight months fizzling down by a quarter, seems to be a significant movement in global curiosity about and interest in Bitcoin.

Bitcoin, Media, and Market Adoption

Product Adoption Curve: Crazy Egg

The price of Bitcoin steadily declined over 2018 from its Dec 2017 all time high price just shy of $20,000, to a nice, chill, leveled-out price just shy of the $4,000 support level.

The volume of news stories with “Bitcoin” in the headline increased sixfold from June 2017 to November 2017, from 630 news stories in a month, to 3,788 news stories- most of them about the incredible price gains bitcoin was making on its meteoric rise.

This publicity likely drove curiosity and interest in the cryptocurrency, reflected in the increase in Google search volume for “Bitcoin.”

When the price of Bitcoin showed no sign of another stellar rise, interest quickly waned.

Those who won’t buy bitcoin again until they hear about it in Time Magazine will likely miss gains. A massive amount of institutional investment in bitcoin is currently underway.

They will wait until it’s too late because they’ve got the mainstream media wrapped over their eyes like wool and they can’t see what’s going on.