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How to Make Money With Bitcoins

There has been alot of ways to earn money online. Making money with bitcoins and digital currencies is currently hot in 2016. Im going to provide a few stratigies to make increase your wealth and make a few bucks.

Buy and Hold for the Long term

Making money with bitcoins doesnt have to be complicated my first stratgy is to buy bitcoins at the lowest price i can get them. If you want to invest alot into bitcoins then set a dollar amount each month to spend on bitcoins and slowly each month add to your holdings. The dollar cost average over a long period will ease out any volitiiy. Although this is a simple method …buying and holding for years on end is tricky. If you want to use this method i would hold it for 20 years or more . but it will require a serious amount of patience. Its hard to predict the price in 20 years but i think it would definitely be above $3000 per bitcoin .Coinbase has a Bitcoin Vault that could be use for long term storage , however i personally recommend you look after your own bitcoins and private keys. ┬áSign up with Coinbase and you recieve $10 worth of bitcoins.

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Make Money Trading with LocalBitcoins

Trading your way to making more money is abit more tricky and abit more effort, but sometimes you have to make effort to make money. Local Bitcoins is probably the fastest and easiest way to buy and sell bitcoins. Localbitcoins is a peer to peer bitcoin exchange. Whatever country you might live in there will be someone on local bitcoins willing to do a trade with you

 

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Trade Bitcoin like the Pros with Etoro

If you want to trade bitcoins like the pros you will need to use more professional tools. If you want to make decent money trading bitcoins you will need an edge over the market. Most professional traders will use a combination of technical and fundamental analysis to get the winining trades.

If you want technical indicators and prices charts then Etoro is the place to be. eToro is a social trading and multi asset brokerage company that has registered offices in Cyprus, Israel and the United Kingdom. eToro allows its users to watch the financial trading activity of ther users, copy them, and to make their own trades.

One great aspect about Etoro is that its Social. You have all the best traders in one place so if you need any trading advice Etoro openbook is the place to hang out and talk with other Bitcoin traders.

If you arent a professional trader that is ok . Etoro has an excellent Copytrader function . What this means is that you can search openbook for the best bitcoin trader and copy all the wining trades that the trader does. All of this done on automatically on the etoro platform. If used right the Copytrade can turn a novoice trader into a profitable bitcoin trader.
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