It is now the eve of 2018 and Bitcoin is on top of the mountain. The bad days seem to be over, and although a Bitcoin bubble could happen at any time, there is no disputing that the cryptocurrency is here to stay. The sooner you get involved in making money from Bitcoin, the better positioned you will be in 5 years when it becomes an established currency globally.
And if the bubble scares you, investing in Bitcoin is just one option, but not the only one. Bubble or not, you can still make tons of money from Bitcoin. And bubble or not, the value will go up in the future because people are just getting into it.
Make your own bitcoin faucet
Earning Potential: $50 to $800 per month.
A bitcoin faucet is a project where you create a website or app for users to visit. You earn from the site with ads that pay in bitcoins. Ads pay a small amount of bitcoins for a page view, click or conversion.
To encourage a large number of visitors to continue browsing the site on a daily and hourly basis, you offer to split the ad revenue with them by paying in satoshis, which are effectively bitcoin cents. To claim their winnings, the user must earn a certain amount of satoshis and payouts are made on a weekly basis.
Faucets pay between 100,000 and 400,000 satoshis per hour. Some offer premium payments for seniority or task achievements.
The faucets started working by solving the captcha and nothing else. Very boring passive income task. New faucets are built in games when users kill aliens, feed creatures or kill robots to earn satoshis, the more they progress in the game, the more they earn. So this is a great idea for your own faucet.
The day when every video game player gets paid to play is just around the corner.
Take into account that Bitcoin faucets tend to default due to insufficient funding or liquidity. Faucet owners aren’t getting paid fast enough to pay a rapidly growing user base. They also tend to be hot targets for hackers.
Generate passive income from your bitcoin blog
Since bitcoin is so new compared to other targeted content, there is a lot of room for new bloggers and sites. New Bitcoin related businesses are popping up every day; everything from bitcoin exchanges, trading, play money sites, faucets, online stores and mining are keen for your ad space.
Starting a Bitcoin blog and monetizing it may be slow at first, but consistently posting rich content will get some advertisers interested in no less than 9 months.
You can join some affiliate programs or create your own bitcoin store. Bitcoin faucets, wallets and exchanges pay large commissions per referred user.
Small profits from bitcoin faucets
My first tip was to create your own faucet. If that is too difficult, then try joining one and reap its benefits. Instead of making around $800 a month, it would be more like $30 to $100 a month from a monotonous task, but it’s still money and a first step to start building your bank.
Note that bitcoin faucets are usually faulty and disappear very quickly. So be sure to join some reputable ones like Robotcoin.com and BitcoinAlien.com. They are also fun because you can play games while earning, my biggest recommendation is robotcoin.
Create an online store for a bitcoin product or service
Bitcoin is still difficult to monetize in USD and other hard currencies. Not that it’s extremely difficult, but it does add some fees and taxes to the process. Although it is still one of the cheapest ways to send money anywhere in the world.
Buying things with Bitcoin is a great way to make something useful out of it and helps to skip the fees and taxes on exchanges. Especially if you can then resell those goods and turn them into hard cash.
There is a great business opportunity in selling goods paid in bitcoins at low prices or in bulk. All you need is a Bitcoin merchant for your Shopify or WooCommerce store like BitPay.com. Shopify now comes with BitPay.