Would you like to make money online by investing in cryptocurrencies, but you are not sure what to do? What you need is a good Bitcoin investment strategy, that will work and bring you desired results.
Get Bitcoin for Free!
Almost every exchange, including crypto platforms, provides a demo account, where you have virtual money and you can trade using real market prices and indicators. That’s good if you want to test your strategy, get an experience, and learn something new.
What if I’ll tell you that you can earn Bitcoin for free and use it for trading to multiply your money? Yes, it is possible! There are many apps that pay you in Bitcoin – the best currency in the world.
One of the app, I can highly recommend is Stormgain, where you can mine Bitcoin and trade it. All you need to do is to press the button every four hours, and when you’ll reach $10 value, you can start trading.
If you are interested in this app, you should definitely read my article How to make money online without investment, where I show how Stormgain works in details, including my results.
If you are browsing the internet on you computer, you should definitely use CryptoTab browser. CryptoTab works the same as Google Chrome or Mozilla Firefox, it’s fast and safe. But the biggest advantage of the software is Bitcoin cloud miner. In the other words, CryptoTab mines Bitcoin any time while browsing the internet!
I do not recommend using it on mobile devices, as it’s very slow! The minimum to withdraw is just 0.00001 BTC, it’s around $0.27!
Honeygain is another great app, that pays money for using the internet. What you have to do is just download the app on your mobile device or computer and keep it running. Honeygain pays for sharing the internet connection, and don’t worry! You are not loosing your data.
In practice, you are just sharing the information about the time you are connected to the internet. The minimum to withdraw is $20, and you can send that money to crypto exchange platform like ByBit or Binance to trade it.
You can withdraw the FIAT money as well. You need to provide your email address connected to your PayPal account and that’s it! Honeygain works not only on mobile devices but also computers, and you can login into two devices in the same time, what will speed up the process of making money.
I described both apps, CryptoTab and Honeygain in one of my articles How To Get Free Money Now.
Another great platform is Freecash.com, where you can earn the points and turn them into real money. 1000 points is worth $1. To get the money you need to register in the platform and complete the task shown on the dashboard. To withdraw your money you need to choose the way you want to get paid.
One of them is Bitcoin, but I recommend using Litecoin for withdrawal to don’t pay commission and fees. Once you receive Litecoin in your wallet, you can convert it into Bitcoin or other cryptocurrency.
Use your savings
The next step of the Bitcoin investment strategy is using savings to buy Bitcoins. Savings are very important. If you have a 9 – 5 job, you should definitely save some money every single month when you get paid from your employer.
Try to save as much as you can, but minimum 10% of your salary. After few months you’ll see that you have some good money saved already, so you can use them to get more! The best way to keep the peace of mind is investing 5% of your savings in Bitcoin.
Read also the article Money Management to learn how to wisely manage your own money and build a wealth.
Remember that you don’t need to buy Bitcoin each month once you get paid. There is no deadline. Use the 5% of your savings only when it’s worth to invest your money.
Trade wisely
Imagine that there is one product worth $100. After two weeks its price dropped to $80. You wait another two weeks and it costs $120. When is the best time for purchase? Obviously when it costs $80! Literally the same situation is with Bitcoin. Do you know why many people Failed They buy and sell in wrong time.
We have charts to watch the prices in few different time intervals. If you know how to analyse it, you’ll buy Bitcoin when its price is low in a given time interval, and sell when the price is high.
If you don’t know how to trade, you should check my article How To Trade Online Stocks? Step by Step.
OK, when you have saved some money or earned Bitcoins without investment, it’s time to put your money to work. No matter what platform you use, Future trading is available in any crypto exchange. Don’t set the leverage more than 5x, otherwise the risk is very high.
Wait for the best moment to start transaction. Remember that you can Buy or Sell. If you buy, the price should be low, and when you want to sell, the price should be high.
Use the potential of the exchange platforms
Buying, selling and future trading are not the only ones functions of the crypto exchange platforms. Many of them allow you to earn money. In the other words, to multiply your money. So called staking works similar to the bank deposit, with the difference that the bank has lower interest rates in longer period of time.
For example Binance and ByBit have a flexible saving option, where you can deposit your Bitcoin and its amount will increase every single day by 1.5%! Flexible means that there is no specific period of time, that you have to wait to withdraw your money. You can withdraw it whenever you want.
It’s good to put your money on work like that when you are waiting for good moment to start future trading transaction. There are also another methods of earning money in crypto platforms, like Dual Assets.
If you haven’t joined any platform yet, I highly recommend to do that as soon as possible. You’ll get welcome bonuses, $100 on Binance or up to $30 000 on ByBit.
Check out the ByBit and Binance reviews, where I describe these platforms with details.
Conclusion
Internet is offering many ways of making money online and Bitcoin is one of them. However, a lot of people are afraid of that, others failed. But if you have a good strategy, you don’t have to worry about your money, as you know what to do.
I do not recommend investing more than 5% of your savings, because the psychological factor will cause you to worry about your money and make wrong decisions under the influence of emotions. Stay away from that and take care of your peace of mind!
You should definitely make use of the apps that allow you to get free Bitcoins. Especially Stormgain, which is really good, I and my friends are using it all the time!
Remember to keep your Bitcoin safe. There is plenty of crypto wallets where you can store your cryptocurrencies. Read the article Crypto Wallets – Keep Your Money Safe, where you will find a lot of interesting information about the crypto wallets, their functions and which wallets are recommended.
Don’t let your money rest, let them work to get more money! Even if there is not a good moment to start transaction, you can stake them and get more Bitcoins every day automatically!
I’m sure that if you’ll follow the simple strategy described in this article, you’ll achieve the success! However, if you have any questions or need a help, please let me know and I’ll do my best to help you.
You can leave the comment, send me an email to admin@mymoneyforce.com or contact me directly via messenger – My Money Force – just type it on Facebook and you’ll find me there.
Kind regards,
Błażej
It is astonishing how many ways there are to gain money online. To be honest I have looked into bitcoin several times but I never made the decision to do so. I do not know why really, but deep inside I was always a bit wary of this online currency. It may be a strong currency but its reputation is still very low and I think this is why people still are not very much into it.
Yes, I know that many people are afraid to start investing in Bitcoin. That’s why I want to show how to do that without a risk of loss your own money. Thanks to many apps we can earn Bitcoin without investment and start multiplying it.
Hi, thanks for this good article. I have experience of using sites like these sites you mentioned. It needs lots of patience cause they give you a very small amount of Bitcoin or other coins. But it’s good for learning cause it’s a little amount and if you lose it won’t hurt. Also, the demo part is so useful like you said.
Hi Liam! That’s the point! Even if you’ll loose it it won’t hurt you. It’s is great solution for beginners, they can get the Bitcoin for free and multiply it. And the best thing is that it cost nothing!
In my opinion, having a well-thought-out Bitcoin investment strategy is crucial to navigating the volatile cryptocurrency market. Based on my experience, one effective approach is to adopt a long-term investment mindset rather than focusing on short-term price fluctuations. Diversifying your portfolio by allocating a portion of your investments to Bitcoin can provide potential opportunities for growth and hedging against traditional financial assets. However, I am curious to know more in the comment section, about the specific strategies that others have found successful in their Bitcoin investments. How do you assess the inherent risks associated with Bitcoin, such as regulatory changes and market sentiment?
Hi Akumendoh and thanks for your comment! Exactly as you wrote. long-term strategy and capital diversification are key to success. There are always risks and we must be prepared for them. I believe that the cryptocurrency market will stabilize. We have more and more new legal regulations, while the demand for Bitcoin means that it will continue to have a value that I think will increase in the future