It is now the eve of 2018 and bitcoin is on top of the mountain. The bad days seem to be over and while the bitcoin bubble could happen anytime, there is no doubt that cryptocurrency is here to stay. The sooner you get involved in making money from bitcoin, the better off you will be in 5 years when it becomes an established currency worldwide.
And if the Bubble scares you, investing in bitcoin is just one option, but not the only one. Bubble or not, you can still make tons of money from bitcoin. Bubble or not, the value will go up in the future because people are just getting involved.
Create your own Bitcoin faucet
Earning potential: 50 to 800 dollars per month.
A bitcoin faucet is a project where you create a website or app that users can visit. You monetize your website with ads that pay in bitcoins. Ads pay a small amount of bitcoins per page view, click or conversion.
To encourage a large number of visitors to continue navigating the site on a daily and hourly basis, you offer to share ad revenue with them, paying in Satoshis which are basically bitcoin cents. In order to claim their winnings, a user must earn a certain amount of Satoshi, and payouts are made on a weekly basis.
Faucets pay between 100,000 and 400,000 satoshis per hour. Some offer premium payments for seniority or task achievements.
The faucets started working by solving the captcha, and nothing else. Very boring passive income task. New faucets are built in games where users kill aliens, feed creatures or kill robots to earn satoshis, the more they progress in the game the more they earn. So this is a great idea for your own faucet.
The day when every video gamer gets paid to play is just around the corner.
Consider that bitcoin faucets tend to fail due to insufficient funding or liquidity. Faucet owners are not receiving their payments fast enough to pay the rapidly growing user base. They are also often hot targets for hackers.
Make passive income from your Bitcoin blog
Since bitcoin is so new compared to other targeted content, there is a lot of room for new bloggers and websites. New bitcoin-related businesses are springing up every day; everything from bitcoin exchanges, trading, play money sites, faucets, online stores and mining are eager for your ad space.
Bitcoin blog creation and monetization may be slow at first, but consistently posting rich content will get some advertisers interested in no less than 9 months.
You can join some affiliate programs or open your own bitcoin store. Bitcoin faucets, wallets and exchanges pay large referral commissions.
Small Earnings From Bitcoin Faucets
My first tip was about creating your own faucet. If that’s a bit too difficult, try joining one and take advantage of it. Instead of making around $800 a month, it would be more like $30-$100 a month from a monotonous task, but it’s still money and the first step to start building your bank.
Note that bitcoin faucets tend to be faulty and disappear very quickly. So make sure you join some reputable ones like Robotcoin.com and BitcoinAlien.com. They are also fun because you can play games while earning money, my main recommendation would be robotcoin.
Create an online store for Bitcoin products or services
Bitcoin is still difficult to cash in USD and other hard currencies. Not that it’s extremely difficult, but the process involves some fees and taxes. 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 turn them into something useful and helps to skip exchange fees and taxes. Especially if you can then resell those goods and turn them into hard cash.
A great business opportunity is selling goods paid for with bitcoins at low prices or wholesale. All you need is a bitcoin merchant for your Shopify or WooCommerce store like BitPay.com. Shopify already comes with BitPay.