Bitcoin as a cryptocurrency has long been the subject of debate. Whatever your reason, in this article we will talk about various ways to make money on Bitcoins.
We will analyze the various ways to make money on cryptocurrency, but first of all, we must understand why Bitcoin is so popular. Then, when we look at the history (or at least its super short version) of the appearance and increase in the dominance of this cryptocurrency, we also study all the possible ways to make money on cryptocurrency.
Regardless of whether you decide to quit your job, lay down your house and buy Bitcoin for all your money, or if you are just looking for ways to get extra money on the Internet without spending a lot of effort and energy, making money on Bitcoin can be an easy way to do this and that. another. But before we get into this, let’s take a look at the history of Bitcoin. In the end, you cannot know how to make money on Bitcoins unless you have the slightest idea about its history.
Bitcoin History (short version).
Bitcoin was created back in 2009 by a certain (or some) known under the pseudonym Satoshi Nakamoto. At that time, nobody even heard about cryptocurrencies, not to mention how to use them or did not at all wonder how to make money on Bitcoin.
At the initial stages, bitcoin was very unstable – it could not gain significant attention, although prices fluctuated due to the fact that (at that time) it seemed rather insignificant. No one at that time wondered how to make money on Bitcoins.
Finally, in early 2017, Bitcoin overcame the $ 1,000 mark. In just a year, he managed to almost reach the mark of $ 20,000. Needless to say, this was a huge movement – everyone either did not believe to the last that such a thing was possible, or poured everything they had into Bitcoin – it seemed an irresistible force that continued to increase its momentum every day. However, if you recently looked at Bitcoin price charts, you know that everything did not go as rosy as investors imagined.
Bitcoins fall (?).
At the beginning of 2018, the price of Bitcoin was about $ 11,000, but has since reached an amazing low of almost $ 6,000.
What is the cause of this decrease in size? There are many assumptions.
This box is called the “shark tooth”. This means that the price of cryptocurrencies (in this case Bitcoin) is going up and down sharply, so the chart resembles a sharp shark tooth.
Bubble burst: The famous economist even said that Bitcoin was “the biggest bubble in history.” It is believed that the reason for this is obsessive advertising, lack of blockchain support, market manipulation and much, much more.
Bitcoin made a huge fall, after which it is now trying to recover. how to make money on Bitcoins should keep this in mind.
There are quite a few ways to make money on Bitcoin, but in this article I will only talk about the main ones – if I had to list them all, this article would be at least three hundred pages long.
In fact, there are a huge number of people who “invest” in Bitcoin, just buying it. Of course, this is a risky method of how to make money on Bitcoins, but probably the easiest to do. You can buy, sell and trade your bitcoin on CFD Trader official site 2020.
Bitcoin has long been the subject of a lot of debate as a cryptocurrency. People look back on their past and look back on their future for several reasons – some want to know the history of cryptocurrencies, while others are interested in possible investment opportunities.