Ways of earning Bitcoins
Good afternoon! My name is Victor Vavilov and I would like to talk about how I got to know Cryptocurrency Bitcoin. And how I earn on it right now. It all began in the year 2011 when Bitcoin was not yet popular. At that time on the stock exchange MtGox one Bitcoin cost exactly one dollar (USD), and it was considered a huge success. It was then when I with my friend decided to built the first farm and mined Bitcoin with the help of expensive videocards. Then it was a hobby for me, and nothing more. Basic income, I, like all Bitcoin community, was getting at my unloved work as a logistician. But at the end of November 2013 Bitcoin became mega popular. Its rate rose to 1000 USD, and I sold my 200 Bitcoins and got a large sum of US dollars. Now it is harder to mine coins. The video cards are replaced by Asics. But I have decided not to stop there and began to look for other types of earnings on Cryptocurrency Bitcoin. All the available variants, earnings Cryptocurrency I’ll discuss in this article, as well as share with you the results of my experiment, figuring how much you can earn on it per week, investing, for example, 1000 US dollars (so it will be easier to count) in each of the possible types of earnings Bitcoins.
I’ll start with the most profitable way, but it is not so popular with Bitcoin community. This is binary options. I and several of my friends with whom we started earning Bitcoins even in 2011, discovered this kind of earnings a year ago, and successfully use it. You can trade currency pairs, oil, gold, stocks of famous companies on the binary options but I am interested only in Bitcoin. And now it does not matter for me how much it costs: 1000, 100 or 10 dollars. I have up to 80% of the invested amount per transaction. In trading, I use my own trading strategies that perfectly work. If anyone interested, I am ready to share them with you. Contact me via Skype —cryptovavi). For those who want to start trading binary options I have prepared a detailed review how to create, pass the verification and place the deposit for a successful start.
Binary Options trading
I open a deposit on 1000 USD. But you should know about a concept of money management, so buying one option you must not exceed 10% of the deposit, 100 USD in my case. If you open a deposit on 250 dollars, the amount of the purchase for one option shall not exceed 25 dollars. So I choose Bitcoin, invest the desired amount, and choose the end time of the option. After that, it is only necessary to predict where the price will go, up or down, will become cheaper or more expensive. After completing all these settings, open the option. That’s all. We can only wait. Not a big deal. If the direction of the price movement is correct, the change at least for one point guarantees you earnings up to 80% of the invested amount.
But I should say that not all binary options brokers offer trading services on Bitcoins. That’s why we can say that this is a unique way, not available everywhere. There is a screenshot below, where you can see the results of my trading week.
Trading on the stock exchange of Cryptocurrency
In this case everything is very individual, will depend on the direction of the market and the time that you will have for trading. I have my own statistics, I didn’t open a PAMM account. Trading conservatively, without much risk I got 5,6% for a week. For example, you can look at the statistics of PAMM accounts at Exchange Cryptocurrency BTC-e, of the top-5 most profitable traders. Look at the screenshots, it becomes clear that even the most aggressive trader has only 26,2% profit per week, which is less then my profit at binary options.
Bitcoin Mining in the pool with the help of Asik
So, having 1000 USD, I can buy 2 Asik on 1t / h for each mining Bitcoin Cryptocurrency. With free electricity at the rate of 1BTC = 290USD, you earn 43USD or 4,3% of the invested amount per week. If the electricity is not free, during one two Asics spend 500 kw / c of power, and this is 30USD (it may vary from county to country). 43-30 = 13. In the result I get 13USD profit or 1,3% of the invested amount (not so nice).
Buying power (clouds) in the service of the cloud mining
All services of cloud mining are different. I will take for example EOBOT. At the moment, the cost of one GHS for period of 5 years is 0,25USD. Thus, I can buy 4000GHS using my 1000USD for 5 years and earn Bitcoins. At the moment, I get 0,00846578 * 7 = 0,05926046 BTC or 17,1USD per week or 1,71% of the invested amount.
So I showed you all available methods of earning Cryptocurrency Bitcoin. I will just summarize all the results. Let me remind you that I had 1000$ and 5 days for every kind of earnings.
Binary Options — 377,5 $ or 37,75% profit
Cryptocurrency Exchange —26,2% profit
Mining with the help of Asic —4,3% or 1,3% profit
Cloud Mining — 1,71% profit
So you can see that binary options trading is the most profitable, you earn up to 70% profit.
If you have any questions about any of the provided services — do not hesitate to write. Skype — cryptovavi.