Hmmm nice topic I guess, maybe nice question, it been long I updated you guys about what is trending but lately I got to know this awesome way of making free money from Bitcoin but before I go deeper it will be of great help to give you the background info about bitcoin.
What is bitcoin?
Bitcoin is cryptocurrency , a form of electronic cash , it is decentralized digital currency without a central bank or single administrator, it can can be sent from user to user on the peer-to-peer sites or network without the need of intermediaries , Bitcoin was created in 2009 by a man named Satoshi Nakamoto, this man went incognito and is nowhere to be found since the creation of Bitcoin.
What is cryptocurrency?
This is a Digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank, this shows Bitcoin is a cryptocurrency but there are many more cryptocurrencies too just that Bitcoin is the king of them.
Bitcoin is somehow complicated to those that doesn’t know much about it, but I tell you it is a nice innovation that has made life easier for millions of people and has also lifted them out of poverty, about a year and few months ago sometimes in December 2017 Bitcoin has a nice bull run hitting all time high of $20,000 per coin, the growth was massive so people are comparing it to a kind of bubble and says it will crumble or burst like the dotcom (.com) boom, with so many countries creating laws and restricting it citizens from participating in it, with china making new laws and placing ban on it almost every week, all the negative energy of shutting Bitcoin down caused panic and FUD (fear, uncertainty and doubt) which leads to dump (situation whereby majority of the people owning Bitcoin and other crypto assests sold it off , the price plummeted and fell to $3,000. The US governments try all they could to interfere with how the business is being conducted but they failed and Bitcoin keep waxing stronger.
Without further waste of time I will fast forward to explain the 3 ways you can make money from Bitcoin.
To mine Bitcoin, one need to join task with companies that owns mining equipment, this might be in form of paying a certain amount of money.
So many companies came up towards the end of 2017 with business idea or mining Bitcoin which fascinated a lot of people including myself but turn out to be scam at the end of the day. So I will advise you don’t invest with any company claiming they are into Bitcoin mining at the moment, I’m not too sure but I don’t think there is any more Bitcoin to be mined again.
The second method of making money from Bitcoin is by investing into Bitcoin, how do you invest into Bitcoin? People like Bill Gates are rumored to have crypto asset which they don’t talk about in public, those that understand the power behind Bitcoin knows it will keep on growing so they bought some Bitcoin and keep it till it grows to their desired selling point. To be an investor, large capital is needed, as at the time of writing this article Bitcoin is #3.9m Naira so to invest and make good profit one must own at least a coin of Bitcoin.
Offline Buying and Selling
The third way of making money through Bitcoin is by offline buying and selling mostly carried out on whatsapp, this method is risky as one can easily be scammed, so I will advised to trade with people with traceable identity.
I have friends that make nice amount of money buying Bitcoin in small quantity from others, pile it up and sell in bulk, I personally practice this too, I run an exchange business with the name Sloo Xchange,I have a Facebook page for it and Instagram page as well and a website where people can reach out to me and sell me coins as low as $20 worth of Bitcoin,I buy it at a good rate like 335/$ and pile it up, I keep buying from different guys till I have $2,000 worth of Bitcoin and above then I can sell it off, anyone can do this as it is way easier than mining , the only difficulties one can face is risk of getting scammed and having enough customers to sell you coins but that also can be conquered easily with the right skills.
The easy ways of making money with or through Bitcoin without my difficulty and technicalities has been discussed above so the last one you’re about to read involve technicalities and I think you can much more money using this method than any other method provided you know the right techniques and you have adequate capital to use.
This method works for me and can also work for anyone, it’s a sure system of making money in Bitcoin and any other trading systems, the basic things you need to know is buying when everyone is selling and selling when everyone is buying , simple right? In Bitcoin, when everyone is selling it is called dumping as the price will surely fall because there is more supply than demand, but when everyone is buying it is called pumping, the price sky rocket this time, to take advantage of this system you need to buy when there is dump and sell when there is pump, I make a small fortune doing this multiple times everyday, I said small fortune not a great one because I don’t have huge capital to invest into yet but trust me, and if you like don’t trust me but I won’t dull myself on this free money system.
With a capital of a Bitcoin you can easily make #50k and above every single day, this is a tested and trusted system that can turn anyone with a single Bitcoin to a multi millionaire within a short period of time for the technical analysis to know on when to buy and when to sell you can contact me on whatsapp or call via this number +2349013028491 or study how Bollinger bands works and how MACD works