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Different ways to earn money from Cryptocurrency

Cryptocurrencies have been a boon to many people for a very long time. This virtual currency has created many millionaires and even some billionaires. The ever-increasing market value of cryptocurrencies has been attracting more people towards this trend.

As more people hop onto this trend, the opportunity to make more money goes on decreasing. However, this does not mean that it’s very difficult to make money from this market. In this article, we will have a look at the various methods that you can use and still earn a lot of money from cryptocurrency.

Ways to Make Money From Cryptocurrency

The cryptocurrency space provides users with endless opportunities to earn money. As time goes on, more ways to earn money from the crypto space is found out. Here are some of the methods that you can use to earn more cryptocurrencies.

1- Buy and HODL Cryptocurrency

This has been one of the most trusted methods to earn money by using cryptocurrencies. Ever since the beginning, people who have bought and held onto their cryptocurrencies for a longer duration of time have benefitted more than the ones who indulge in cryptocurrency trading.

The main reason for this is because the value of cryptocurrencies has increased exponentially since its inception. You can buy and later convert cryptocurrency to cash. If you had invested around $100 dollars in Bitcoin back in 2010, you would have been a millionaire right now. This is the main reason why many people in the crypto community urge people to HODL onto their cryptocurrencies.

2- Reap the Benefits of a Hard Fork

You can actually end up doubling the number of cryptocurrencies in your portfolio by investing in cryptocurrency right before a hard fork of that particular cryptocurrency. In this case, you will end up with two different cryptocurrencies that can be accessible after the hard work is completed.

You will be able to sell both the original coin as well as the forked coin after some exchange supports that particular coin. Thus, you end up with more money than what you invested.

3- Trading Cryptocurrencies

Buying cryptocurrencies during the bear market and seeing its value go down can be heartbreaking at times. Many people often can’t bear to see the value of their portfolio decrease and end up selling cryptocurrency at a loss. However, you can also indulge in cryptocurrency trading.

As the cryptocurrency market is highly volatile, trading cryptocurrency can turn out to be very fruitful, especially if you hit the sweet spot multiple times. One way to do this is by using technical analysis while trading cryptocurrencies. The new age exchanges like DigitalTicks provide beginners friendly features which assist first-time users to make better investment decisions.

Another highly promising methods are by using cryptocurrency trading bots. By running these bots all day long, you will never miss out on an opportunity to capitalize on the current market conditions. Thus, you can make money trading cryptocurrency even during a bear market

4- Writing blogs

In this new age, you can earn passive cryptocurrency income by writing blogs as well. There are several people who are willing to pay in cryptocurrency for writing blogs for them.

Alternatively, you can also use some of the popular services such as Steemit to write blogs and earn cryptocurrency. You can then transfer the cryptocurrency that you earn onto an exchange and use it for buying and selling cryptocurrency.

5- Earn passive income using your own PC

Another method that you can use to earn cryptocurrency is by using the resources of your own computer. You can download mining tools such as nice hash and start mining cryptocurrency on your own desktop. While this might not yield a lot of cryptocurrencies, it won’t disappoint you either. As time goes on, your passive income adds on and ends up being a substantial amount of cryptocurrency.

You can also use the excessive storage on the hard disk of your PC to earn more passive income. Cryptocurrency projects such as Filecoin, Storj, etc provide an amazing platform that you can use to rent out the unused storage and earn cryptocurrency in return. As you stack up more cryptocurrency during the bear market, you will profit a lot during the next crypto bull run.

6- Staking Cryptocurrency

Another technique that you can use to earn money from cryptocurrency is by staking certain cryptocurrencies. Crypto projects that use the PoS consensus mechanism rewards its users who hold a certain amount of cryptocurrency in their wallet for a certain period of time.

One of the most popular examples for this is the Neo Coin. Everyone who stakes Neo on the official Neo wallet is rewarded in the form of Neo Gas which is another tradable cryptocurrency that you can earn by simply holding the coin for a certain period of time.

Conclusion:

Trading and investing in cryptocurrency has been a very good way to make some money in today’s world. By using at least some of the methods discussed above, you will be able to make a considerable amount of money from the crypto space.

This content originally posted on Digital Ticks and has been taken from: https://www.digitalticks.com/blogs/Different-ways-to-earn-money-from-cryptocurrency.html

[its-cryptocurrencyblog-blog]

How cryptocurrency can be used in real life

Cryptocurrency is taking over almost every industry whether we realize that or not. It’s exponential growth over the years has more and more people opt for crypto as an alternative currency. There are several hundred cryptocurrencies and are all listed on Coinmarketcap with the number increasing steadily every day.

Since cryptocurrencies are decentralized, they have umpteen uses, each more exciting then the next. Most people don't even know any cryptocurrencies real world applications. In fact, it comes as a surprise to most people that there are in fact multiple uses for cryptocurrency in everyday life. Not just that, applying cryptocurrency for everyday use also lets users reap multiple benefits

There are a lot of industries that have already started transacting using cryptocurrency. Here's taking a look at some of the numerous examples:

1- Travel Industry

There are so many ways you can use cryptocurrencies and each use case may come as a surprise to you. Surprising because you don't expect to be able to use your coins like that. Travel is one such industry where in cryptocurrency payments are being integrated. Cheapair.com is an example of exactly that.

The company has been accepting Bitcoin as a form of payment when it comes to purchasing flights, hotels, car rentals and cruises since 2013! So, if you want to go on a tour, you can do your travelling around the world with the help of your Bitcoins.

2- Real estate

Yes! You can even buy a house using your cryptocurrency! And blockchain is what made it possible. Propy.com is the world’s first international real estate that accepts cryptocurrency as payment to enable you to buy property.

Many companies have now made cryptocurrency payments a reality for buying property. The first international site which has made this possible is Propy.com, they allow users purchase properties using cryptocurrency.

As per the sources, Multiple transactions have already made here including the purchase of some spectacular villas in Indonesia worth 1000 BTC in 2014, 3 acres of land in Paradise Bay and 157,000 BTC home in Vegas.

3- Education

This one is sure to take you by surprise. Education institutions are also accepting cryptocurrency as a form of payment! Futurism.com gives you a list of universities in Switzerland, Cyprus, United States and Germany too as they now accept Bitcoin payments.

The University of Nicosia which is in Cyprus is the first accredited university in history to accept cryptocurrency for not just tuition but also for any other fees that they may need to pay through Bitpay.

It is great to see that this form of payment is increasing because of its increase in popularity and also since a lot of people now find it easier and more convenient to use.

4- Fast Food Restaurants

Fast food restaurants are also a part of this entire escapade. One of the first known bitcoin transactions happened over food, with someone using their coins to buy themselves some pizza.

Subway, a very popular brand in the fast food industry, has now started accepting cryptocurrency as one of the payment options. Pizzaforcoins is a company that accepts crypto payments and in fact accept around 50 types of crypto coins making it super-convenient for consumers.

5- De Corrupting Charities

Most people want to do charity, people want to help each other out. But the extensive corruption in charities has deterring loads of well-wishers from a part of it. And if the well-wishers stop donating funds then the ones who actually need and deserve them will also be stopped

Blockchain and Cryptocurrency helps to solve this entire problem. It can be used to deter corruption as well as prevent fund leaks that occur within charities. The World Food Program (WFP) has already begun and made an attempt to use blockchain to give cash assistance to the hungry. This cryptocurrency practical use case helps in bringing a positive change in the society.

This content originally posted on Digital Ticks and has been taken from: https://www.digitalticks.com/blogs/How-cryptocurrency-can-be-used-in-real-life.html