Investment Types In Bitcoin and Forex Best Investments To Make Money

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Contents

How Much to Invest in Bitcoin: 5 Factors to Consider in 2020

Do you know the simple difference between successful cryptocurrency investors and those who aren’t in 2020?

The successful ones got started.

When you invest in Bitcoin and cryptocurrencies for the first time, you are overwhelmed with questions:

These questions can get you so confused that they prevent you from getting started.

When I invested in Bitcoin for the first time, I was lucky enough to have a mentor. He went through all these questions I had and guided me through the process.

Chances are you don’t have a mentor. This is why I’ll share my experience and give advice on how much you should invest in Bitcoin as well as guide you on how to ease the process of getting started.

Note: In this guide, I’ll consider Bitcoin and other cryptocurrencies as the same type of asset because I believe in cryptocurrencies as a whole – not only Bitcoin.

Gentle Reminder: Investment Basics

Before we start, I need to remind you of basic investing rules and concepts. These rules apply to any individual and any investment vehicle.

  1. Wealthy people invest their money to make passive income. You can work all your life to earn active income, but the only wealth that lasts over time comes from your passive income. Whenever your passive income represents more than your expenses, you can stop working anytime and still make money, even if you get sick or decide to travel around the world. Smart people generally dedicate over 50% of their capital to invest in various assets.
  2. Don’t invest more than you can afford to lose. Don’t borrow money to invest it, unless it’s a real safe investment that will pay for itself from its interest. That is not the case with cryptocurrencies. So don’t borrow money to invest in cryptocurrencies, nor invest more than you can afford to lose.

Now, let’s dive into my cryptocurrency related recommendations, and specifically 5 factors you should consider when deciding how much to invest in Bitcoin.

Factor #1: Risk tolerance

The crypto market is very volatile. Of course, we at Cryptomaniaks believe in the future of cryptocurrency.

But in the end, the future of Bitcoin and other cryptocurrencies is unpredictable.

So, when thinking about how much you should invest in Bitcoin, think of an amount that you feel comfortable losing entirely.

Think of how much you want to invest. Picture this amount, and imagine yourself in the future:

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  • Will you feel comfortable losing your full investment – say $12,000?
  • Will you judge yourself severely because you decided to invest? Will you lose sleep or even consider suicide?

If the answer to any of these questions is even “maybe yes,” you need to lower the amount you had in mind and ask yourself the same questions again. If you’re not sure of your answer, ask your friends and family.

Investors who invest too much money will also be tempted to ‘panic sell’ at a loss. Selling at a loss can be the right decision sometimes, but only if the decision is rational – not emotional.

Keep the amount you invest at a level where it doesn’t affect your judgment.

Factor #2: Profit tolerance

Although it can seem like stupid advice at first, think about it: if you invest an amount that can get you highly emotional when you lose it, what will happen if you x20 your money?

This happened to a lot of investors back in late 2020 when cryptocurrency was booming. They became millionaires because they made the (poor) decision to invest their life savings.

But if they were too greedy to be reasonable about their investment, do you think they sold their positions and took their profits? No. Most of them went back where they were during the 2020 market crash.

Only reasonably-minded investors end up making profits with Bitcoin and cryptocurrencies.

So once again, think about the amount you plan on investing. How will you behave if it’s worth 20x its initial value in one year?

  • Will you rent a bigger apartment? Buy a fancy car?
  • Will you fall in love with your cryptocurrencies and hodl them until you die?

Once again, investing an amount you’ll feel emotionally detached from is essential, whether your assets go up or down. It will make you a solid investor that will lose less money when the market goes down, and profit more when it goes up.

Factor #3: Timing

I bet you’ve heard much more about cryptocurrencies when Bitcoin’s price was booming, as opposed as to when it’s declined or stabilized. This is because of people and media alike have a natural tendency to follow existing trends.

But do you know that the cryptocurrency market is made of repeated market cycles? These market cycles often last for 1 to 2 years. Prices surge fast, creating bubbles. BIG bubbles. And then, these bubbles burst badly.

This is why timing is crucial in cryptocurrencies. It can completely change your journey and the way you’ll look at it.

As a result, when deciding how much you should invest in Bitcoin, look at where we’re at now in these market cycles.

To find out this information, open the global market chart of CoinMarketCap. Look at it closely, zoom in and out, and finally, answer the following questions:

  • Are we close to the market all-time high ?
  • How long since we experienced a market bull run ?

The closer we are from the market’s all-time high both in terms of price and time, the least you want to invest. On the other hand, if the current price is $5,000 and the highest price was $20,000 two years ago, then it should be a better time to invest in Bitcoin right now.

Don’t get me wrong: even though we’re in the middle of price surges, it’s not a bad idea to invest money in cryptocurrency right now, because it gets you started. The timing should only change your entry approach and lower/increase the amount you had in mind initially.

Factor #4: Change of mind

I’ve never seen any cryptocurrency investor say “I’ll invest $X in cryptocurrencies” and stick to his/her words. People change their minds by nature, even more when they are confronted with an ever-evolving market.

So, before you make a final decision on how much to invest in Bitcoin, leave room to change your mind in the future. The easiest to go about this is to divide your investment over time. Set the amount you have in mind, and invest it within the next 3, 6 or 12 months.

Investing progressively will also allow you to know yourself better before you invest important amounts in the crypto game. That will also naturally lead to better decision making.

You can even consider market cycles (factor #3) when crafting your investing strategy.

Let’s say you want to invest $12,000 over the next 12 months. But the market is currently close to its all-time high . Instead of investing $1,000 every month, you can adjust the amount to start with $400 per month and invest more to compensate when the prices go down.

Factor #5: Diversification

Cryptocurrencies are uncorrelated with regular markets such as finance, gold, and real estate.

Do you know what this means? For example, gold is a correlated asset class. When stocks fall, gold rises and vice versa – they are negatively correlated. But Bitcoin and cryptocurrencies are uncorrelated. They move on their own and without connection to stocks, bonds, etc. This is partly why Bitcoin is a good investment.

On the other hand, they are very volatile, which means you want to include various assets in your portfolio to reduce your risk.

Diversification is a technique any mature investor uses to reduce the importance of luck. It means you will not only invest in cryptocurrencies but also allocate your capital to different investment vehicles, such as real estate, stocks, gold.

You can also leave some of your money at your bank to earn a small interest rate. That’s a bad decision in terms of interests, but it will secure your portfolio.

All in all, don’t put all your eggs in your cryptocurrency basket. It would be like playing roulette martingale. You’ll win, and win, and win, but when you lose, you lose everything.

What Are The Best Sites to Buy Bitcoin?

There are hundreds of websites from which you can invest in Bitcoin.

All of them have their pros and cons, and ultimately, you’ll have to choose a few based on your preferences.

Most of all, I recommend you try a few different exchanges as people have proved to have different tastes when it comes to cryptocurrency investing.

In any case, here are the three exchanges I recommend you start using today if you don’t already.

Suits Best For Deposit Methods Competitive Advantage
Worldwide Bank Transfer, Credit Card, Paypal, Skrill, and more Social Trading Network, Low fees when buying Bitcoin Trade on Etoro
Worldwide Bank Transfer, Credit Card Deposit $100, Get $10 Free Go To Coinbase

For more information about these cryptocurrency exchanges, check out our full article: The 5 Best Ways to Buy Bitcoin.

What’s the Minimum Amount of Bitcoin You Need to Buy?

There’s not a minimum amount you should invest in Bitcoin to get started. The minimum amount is the one set by the platform on which you’ll buy your first piece of Bitcoin. For example, Coinbase allows its users to buy Bitcoin from $2.

On the other hand, I do not recommend investing such a small amount of money because exchange platforms charge fees for buying, selling and transferring cryptocurrencies. These fees will kill your investment quickly if it is not significant enough.

All in all, I recommend investing in a minimum of 50$, even if you can invest lower amounts.

Still Worrying About Making The Wrong Decision?

There’s no need to be worried if you eliminate the big decision and transform it into smaller ones. If you’re looking to invest in Bitcoin for the first time, follow this advice:

  1. Take action today. Invest even $10 on any recommended cryptocurrency exchange or broker. This way you’ll get started and you’ll have a much better understanding of what it is to be a cryptocurrency investor.
  2. Divide the budget you had in mind and invest it over some time. 1 month, 3 months, 12 months – it’s your call. But doing so will prevent you from making costly mistakes and save you money.
  3. Remember that you can still reevaluate your decision in the future.

So, How Much Should You Invest in Bitcoin?

My opinion is somewhere around 5% to 30% of your investment capital. I consider 5% to be very safe and 30% to be pretty risky.

Personally, I sit most of the time between 15% and 50%. This is because I have a background in gambling (former professional poker player) and feel particularly comfortable losing money. I would not recommend anyone invest 50% or more.

Ultimately, the decision is yours. And although it depends on market factors, it also depends on personal factors such as your risk tolerance and the amount of money you can afford to lose.

To Move Forward:

Important notice: I’m not a financial advisor, and this is not financial advice.

How to Invest in Bitcoin: Complete Beginner’s Guide

Bitcoin’s arrival into the mainstream was accompanied by massive evaluations of altcoins, a short-lived ICO craze, and many misunderstandings about the vision and potential of Bitcoin.

Over the last year, numerous developments have unfolded that give more access to investing in Bitcoin and interacting with the legacy cryptocurrency than ever before.

While access to Bitcoin is still far from being ideal, options for investing in it are significantly greater than they were only several years ago. From the proliferation of exchanges to alternative means of acquiring it, evaluating various ways to invest in Bitcoin is worth your time and effort.

Bitcoin Price & Market

Bitcoin’s price has been volatile since its inception. Starting from the first purchase of a good or service using 10,000 bitcoins to buy a pizza, Bitcoin’s value has been a rollercoaster ride.

Bitcoin’s price skyrocketed towards the end of 2020 and peaked at roughly $20,000 in January 2020, causing a flurry of mainstream media coverage and questions about what precisely the novel digital currency was.

You can use our Bitcoin Price Chart page to view historic prices of BTC

To the majority of the mainstream, Bitcoin’s volatility bears too much risk to invest in it, although millennials have shown a favorable disposition towards swapping their hard earned money for some Bitcoin.

Following the meteoric rise in price, Bitcoin — along with the broader crypto market — has been undergoing an extended bear market, where the price currently sits around $3,600.

Investing in Bitcoin has inherent risks that investors need to be aware of before purchasing it, and you can find extensive information on the original cryptocurrency all over the web today. If you’re interested in Bitcoin, the prudent approach is to do your own research and discover whether or not you are willing to enter an emerging market of digital assets that has no precedent.

Making small investments is a great way to start and learn about how to interact with wallets without overexposing yourself to the market’s volatility.

If you’re looking to invest in cryptocurrencies in general, choosing Bitcoin should be your first option. Its robustness is unparalleled in the industry and is one of its greatest, if not its cardinal, strength.

The general narrative around Bitcoin that has been molded over the years is that of ‘digital gold,’ where its predetermined issuance rate — controlled by its mining difficulty adjustment and decentralized network — provides significant advantages over fiat currencies in knowing that your investment will not be diluted through arbitrary inflation.

If you’re a newcomer to the Bitcoin and cryptocurrency space, seeking monetary refuge from hyper-inflationary economies, or an advanced user who believes in the ideological aspects of Bitcoin, there are several areas that you need to evaluate when investing in Bitcoin.

Take a look at our Complete Guide to Bitcoin if you need a primer on the History

Long-term Investing or “Hodling”

Many long-term ‘hodlers’ view Bitcoin as the hardest money available, and choose to store large amounts of their earnings in the cryptocurrency. Doing so presents risks, but from their perspective, it is one of the greatest investment opportunities in history and a legitimate means of value storage and transfer outside of the traditional financial world.

Their belief in Bitcoin as digital gold with a high stock-to-flow ratio is well-founded, and advances like Bitcoin’s LN may eventually enable the network to scale as the P2P digital cash originally envisioned by Satoshi Nakamoto.

Bitcoin Wallets

If you’re looking to store Bitcoin as a long-term investment, the best method to safeguard your coins is using a cold storage hardware wallet. Popular cold storage wallet brands include Trezor and Ledger, and they also offer support for other cryptocurrencies. Cold storage can even be beefed up with multisig services like Casa where signatures from multiple physical devices are required to unlock your stored Bitcoin.

Full Bitcoin clients are also viable means for long-term storage of bitcoins, but not as secure as cold wallet solutions. Besides purely investing in Bitcoin, you can support the decentralization and connectivity of the network by running a full node, which incorporates yourself into the Bitcoin core protocol that stores the entire blockchain.

Short-term holders who are looking to invest in Bitcoin in small amounts out of curiosity or for experimenting with sending/receiving it can opt to use hot and custodial wallets.

Third-parties control these wallets, so they are not ideal for security assurances, but are convenient to use and offer excellent user-interfaces for using Bitcoin. Popular custodial wallets include Blockchain Wallet, Copay and BreadWallet.

Mining Bitcoin

In the early days of Bitcoin, users could mine Bitcoin on laptops and desktop computers, earning copious amounts of Bitcoin at drastically lower values than what they are today.

As such, early mining in Bitcoin turned out to be one of the most lucrative investments ever. However, mining has evolved into a giant industry, where outsized companies like Bitmain and large mining pools like F2Pool and BTC.com dominate the market.

ASIC miners are really the only feasible way to mine Bitcoin today, and hosting your own ASIC rig is a serious investment that requires hardware costs, operating time and electricity.

Further, small, independent miners using home-based rigs often have to operate at losses during extended depreciations of Bitcoin’s spot price as profit margins are diminished. However, if you wish to try your hand at Bitcoin mining, there are numerous tutorials for discerning which hardware and software suit your needs and budget.

Cloud mining services also enable users to purchase contracts for ASIC mining rigs within extensive mining warehouses that are operated by a third-party mining company.

These companies offer regular returns based on your investment and can be convenient if you wish to earn Bitcoins through mining but do not want to go through the hassle of setting up your own rig. Hashflare and Genesis mining are two popular cloud mining services.

Bitcoin’ mining market is a fascinating component of its broader ecosystem, and adequately understanding how it works, as well as watching its future development is vital to comprehending the legacy cryptocurrency’s larger economics.

Exchanges for Investing in Bitcoin

Exchanges are the most straightforward and popular method for acquiring Bitcoin. There are well over 100 operational Bitcoin exchanges worldwide, but steering clear of exchanges that are known for wash trading and sticking with major reputable exchanges is the most prudent move.

There are several types of exchanges in the cryptocurrency market, including centralized exchanges, decentralized exchanges (DEXs), P2P marketplaces, crypto-to-crypto exchanges, and fiat-to-crypto on-ramps. Adequately understanding the advantages and disadvantages of each is crucial.

Buying Bitcoin with Fiat Currency

First, the difference between crypto-to-crypto and fiat-to-crypto exchanges stems from their regulatory jurisdictions and whether or not they can offer direct trading pairs of Bitcoin with fiat currencies. Coinbase is the most popular fiat-to-crypto on-ramp in the U.S. and requires that users go through regulated KYC/AML processes.

Further, exchanges like Coinbase are centralized and custodial platforms, meaning that when your bitcoins are stored on the platform, they are technically not yours as they can be frozen like with a bank account. Other popular fiat-to-crypto exchanges include Kraken, Gemini, BitMEX (not available to U.S. customers), and Bitstamp.

Exchange Reviews

Crypto to Crypto Exchanges

Crypto-to-crypto exchanges solely offer trading in and out of different cryptocurrencies, with prices of altcoins pegged to Bitcoin or stablecoins like Tether or USDC.

These exchanges have been referred to as ‘altcoin casinos’ as they are essentially gambling on price swings of many of the more obscure altcoins available.

However, these exchanges sometimes offer excellent trading experiences and can be used to access other cryptocurrencies widely not available on fiat on-ramps. Binance is one the leading cryptocurrency exchanges in the world and is a centralized crypto-to-crypto platform.

Crypto to Crypto Exchange Reviews

Decentralized Exchanges

The differences between centralized and decentralized exchanges are essential for several reasons. First, centralized exchanges have custody over your Bitcoin, just as a bank retains custody over your fiat funds.

Second, these exchanges are prone to targeting by hackers, and the sheer scale of hacks on exchanges in 2020 was astounding. It is best practice never to store your Bitcoin on an exchange, even a decentralized one.

Conversely, DEXs are useful for direct exchanges between counterparties, without an intermediary. They do not take custody of funds and also do not require KYC/AML processes for users. Unfortunately, many DEXs do not have enough trading volume to be as liquid as their centralized counterparts, and recent directives by the SEC towards EtherDelta may discourage operators from continually running DEXs outside of legal jurisdictions.

Moreover, most DEXs only enable trading between Ether and altcoins that are ERC-20 compatible, not offering Bitcoin functionality. The future growth of atomic swaps should help expand Bitcoin’s prevalence among DEXs, however.

Dex Reviews

Marketplace Exchanges

Other decentralized options for trading Bitcoin for fiat or altcoins include P2P marketplaces such as Bisq, Paxful, HodlHodl, and OpenBazaar. OpenBazaar and Bisq are open-source marketplaces without registration and an emphasis on privacy and security.

OpenBazaar also enables users to set up e-commerce stores for listing physical and digital goods/services with payments directly between counterparties in crypto. HodlHodl even offers TESTNET trading without risking actual money.

Volumes on decentralized marketplaces are substantially lower than their centralized counterparts, but they are rapidly gaining traction among privacy proponents and users seeking better security assurances.

Similarly, Bitcoin volume metrics sites like CoinDance indicate that decentralized exchange platforms are growing in use in countries with problematic inflation and economic conditions, especially Venezuela.

These platforms offer censorship-resistant avenues for citizens in countries like Venezuela to buy into crypto and fiat currencies that are much more stable than their local currencies.

Alternative Methods for Increased Access Around the World

Access to investing in Bitcoin has never been more abundant, but there are still significant strides that need to be made for access to reach its ideal levels that support a global, decentralized value system. In particular, the primary avenues for acquiring Bitcoin with fiat currencies — through centralized exchanges — are tightly regulated and subject to KYC/AML processes.

Decentralized exchanges simply don’t have the volumes or widespread popularity to rival centralized exchanges at the moment.

Most investors in Bitcoin reside in countries where Bitcoin is more of a speculative investment or part of a professional focus rather than stemming from direct needs for an alternative medium of value. In countries like Venezuela, Zimbabwe, and Argentina, the situation for investing in Bitcoin hinges more on a legitimate need to seek alternative currencies due to adverse economic conditions.

Increasing access to such areas of the world is an important initiative, and several developments may broaden access outside of solely the proliferation of decentralized marketplaces.

Bitcoin ATMs

Bitcoin ATMs are one avenue to grant easier access in localities, often available in convenience stores and supermarkets. According to CoinATMRadar, there are more than 4,200 crypto ATMs in the world, dispersed over 76 countries.

Leading crypto ATM manufacturers include Genesis Coin and General Bytes. Many ATM services also offer bi-directional buying/selling of cryptocurrencies for fiat currencies.

You can even buy Bitcoin at Coinstar machines in select locations in the U.S. now. However, the regulatory frameworks for these services are complicated, and unclear in the U.S. at this point due to cross-state money transmission laws.

Other alternative means for investing in and using Bitcoin include emerging projects focusing on Bitcoin vouchers and credit sticks. Azte.Co — a Bitcoin voucher service — enables people to buy Bitcoin at convenience stores in cash or with debit/credit cards using the Azteco voucher.

You can top up a Bitcoin account by simply using the Azteco voucher like you would for topping up a phone, and the details are available on their website.

Other Methods

Similarly, OpenDime is a service where users can physically exchange Bitcoin credit sticks. The credit sticks are secure USB sticks that contain the private key within the device itself.

Such functionality enables Bitcoin to be transferred between parties locally with assurances that the private key is not compromised as long as the stick is sealed. Users can even pass around the stick multiple times.

OpenDime has some intriguing long-term implications, and its emergence in economies with weak economic conditions will be something to watch closely.

Financial instruments using cryptocurrencies are also on the rise, with services like Celsius Network and BlockFi permitting users to take out loans with their crypto holdings as the underlying collateral.

Moreover, lenders on Celsius Network can earn interest through their P2P lending pool that is paid by the borrowers, paid out directly in the crypto that their deposit was made in, including Bitcoin.

Lightning Network

More advanced Bitcoin users who are familiar with its second layer — the Lightning Network — also have the future potential to earn BTC through relay fees and watchtowers.

Watchtowers are services that monitor the Bitcoin blockchain for their clients to identify transaction breaches on the LN and issue penalty transactions. Relay fees can be acquired by LN nodes that connect to numerous peers and help route payments through the mesh network for users who are not directly connected with a channel to a party they wish to exchange BTC with.

These developments are still in their very early stages, but they offer useful mechanisms for users willing to provide services to LN users to accumulate BTC in fees.

Spending Bitcoin

Numerous avenues for merchants to accept Bitcoin as payment are also available, including Coinbase Commerce that is integrated with major e-commerce platforms like Shopify and WooCommerce. Merchants can opt to retain their BTC as an investment or exchange it directly for fiat.

Open-source projects like Lightning Charge — part of Blockstream’s Elements — are also available for merchants to accept LN BTC payments using a drop-in solution. The LN’s huge design space and its rising number of applications should also further help the network to grow as a means of payment for online purchases over the coming years.

Other more obscure methods for acquiring Bitcoin include Bitcoin puzzles. Bitcoin puzzles are digital art that individuals post to the Internet which contain the private keys to access bitcoins that are locked as the reward for solving the puzzle.

They are not exceedingly prevalent, but some of the rewards have been highly lucrative, including a $2 million prize for a puzzle containing 310 BTC late last year.

Traditional Financial Instruments for Investing

Outside of the emerging alternatives for investing in Bitcoin, the convergence of traditional finance and blockchains is also set to create more opportunities for increased exposure to the asset.

Bitcoin ETFs

Bitcoin ETF proposals have been denied by the SEC several times already, but some key decisions are coming up — specifically the VanEck-SolidX Bitcoin ETF proposal decision that was pushed to February.

ETFs are investment vehicles for individual or groups of assets that enable investors to speculate on the market price without having to actually own the asset. Bitcoin ETFs would allow more mainstream investors to access Bitcoin through investing in an ETF that is on a regulated exchange without having to purchase Bitcoin directly from a crypto exchange.

Read our complete guide – What is a Bitcoin ETF?

Bitcoin Futures

Similarly, Bitcoin futures are already available, and investors can long or short the legacy cryptocurrency on regulated futures exchanges, including CBOE and the CME. Bitcoin futures and ETFs are excellent ways for mainstream investors to speculate on the price of Bitcoin while reducing their direct interaction with the cryptocurrency, which often requires technical knowledge to store and use securely.

Increasing regulation of Bitcoin in developed countries is likely to continue at an accelerated pace, and open up broader access to investors hesitant to touch the cryptocurrency using alternative means or unregulated exchanges.

Conversely, the hesitation of many other countries to adopt regulatory frameworks for digital assets indicates that alternative means of investing in Bitcoin need to garner more widespread adoption to circumvent any censorship of access to the asset.

Proposals for Bitcoin and other digital asset trading on regulated platforms are already underway in several countries, including Thailand’s TSE which would become one of the first platforms to offer digital asset trading on a major regulated exchange. Eventually, Bitcoin should be offered side-by-side with other conventional financial instruments including CFDs, derivatives, futures, and multiple fiat currency trading pairs on comprehensive platforms.

Binary Options & Contracts for Difference

A large number of brokers now offer Binary Options and Contracts for Difference on a range of Cryptocurrencies, including Bitcoin. If you have traded using one of these types of broker before, you can also use them to trade Bitcoin.

The difference between these and a typical exchange is that you do not own the underlying asset, you are merely trading based on price differences.

We have reviewed a lot of brokers here on Blockonomi:

Broker Reviews

Conclusion

Looking back at Bitcoin’s humble origins reveals just how far the cryptocurrency has come. Access for investing in Bitcoin has never been better, and although it comes with inherent risks and a high-barrier to entry, it is slowly cementing itself as a viable means of value transfer and storage outside of the traditional financial realm.

Investing in Bitcoin always requires that you do your own research, and prudently evaluating your options for acquiring it based on your situation will allow you to make the optimal choice for joining a growing community of users, businesses, investors, and developers.

7 Best Ways to Earn Money Online without Investment

Do you want to make some extra income? Learn these 7 ways to Earn Money Online without investment.

Dear all, In this post I am going to share a few methods that I used to earn money online without investment during my beginning days.

It took me about 10 months for the right start in the online career because I don’t know anything while I entered in to the field.

During the initial stages, my earnings were Zero.

I want to tell you some important things first,

  • The Internet cannot give you instant money
  • Earn thousands of dollars online does not happen overnight
  • There is no shortcut or quick way of earning money through legit ways

You need to put your work with great effort and dedication with the proper knowledge to get success.

If you are ready then,

  • You need to have a passion to learn new skills
  • Wait for at least 2 – 3 months to get your first income
  • Should have all requirements as mentioned below

Basic requirements to start earning online:

  • A Personal Computer or laptop with an Internet connection
  • Gmail account
  • Bank account
  • PayPal account
  • Payza account

The internet has once been sky high things have now fallen down to the earth.

Every people having a Smartphone and/or computer and/or Laptop with them and connected to the internet.

The Internet once was just used for communication and data transfer have now evolved into the best second money-making platform.

Table of Content

How to Earn money from the Internet?

Is Earn Money Online without Investment Possible?

4 Free Ways to Earn money online without Investment

1. Article Writing Service

2. Become a Freelancer

3. Do micro-tasking jobs online

4. Become a Consultant

3 Easy ways to earn online

5. Earn from PTC sites

6. Work from Online Surveys

7. Earn free Bitcoins

Who can start working online to earn?

How to Earn Money from the Internet?

Honestly speaking, there are hundreds of ways when you search the internet to earn money online without investment.

You may find some legit sources and many scam sources of making money.

Most people often failed to succeed because they are not having enough awareness to differentiate the legit way to earn money from the scam source.

One important point to identify scam source is, tag the site as the scam when they ask for the initial investment to start using their program or online jobs.

Data Entry Jobs, Form Filling Jobs, Captcha solving jobs, Email processing, and so on require no investment to start, but some scammers take advantage to scam people by asking for an initial investment.

I was also scammed by this kind of approaches and it took some months to learn to differentiate legit sites from scam sites.

Here, I’m listing some genuine money making methods for Internet users, which are easy to work and get payments on time.

Before starting, you should have some requirements and basic skills like Good communication, writing and so on.

Is Earn Money Online without Investment Possible?

The fact is, Yes it is possible. People are making lots of money from the Internet by working from their home or office.

Even College students can earn some pocket money by doing this kind of online part-time jobs during their extra time or evening.

Many different ways are available to earn money online without investment, but be aware to stay from a lot of scam companies.

Earning online does not happen overnight and it requires dedication and time to achieve desired success.

But in reality, most people need quick money and this makes easier for scammers to easily cheat people by asking investment for starting online jobs.

For example, it may like: Earn money online without investment by clicking ads, completing online surveys, doing tasks and offers, selling photos, processing emails, etc.

You need not do any special activity to earn money rather you can easily make a decent income from your regular activities.

In the following article, we will discuss those easy ways of making money online from your regular habits.

4 Free Ways to Earn Money Online without Investment:

1.) Article Writing Service:

While on the Internet, Blogging was the best source of passive income online and a report states that on average daily, at least 3000 new blogs were launching every day.

Those bloggers and webmasters are always looking for new creative and unique content writers for their blogs and websites.

You will be paid from $2 – $10 per article depending on the quality of the article, the length of the article, the niche is chosen, etc.

Though, you can also get other types of jobs also. Register a free account and browse for the content writing jobs.

When choosing the project don’t forget to read the instructions which explain the requirement of the employer.

You will be instructed on different areas such as article title, length, content format, etc.

Read their requirements and once you have the confidence to take the project, submit a proposal to the provider about your interest.

2.) Become a Freelancer:

Most people today were educated and literate. They have some distinct skills with them such as programming, designing, craftworks or marketing skill.

Even if they don’t find the right job for their skills, the Internet has some paid jobs for them to earn money online.

Requirement: The Internet to be patient and willing to learn the concept first.

Now, I am going to talk about Freelancing and how to become a good freelancer.

A freelancer or freelance worker is a term commonly used for a person who is self-employed.

He/she is not necessarily to work for a particular employer for a long-term or need to go to the office daily for their work.

He can work anytime, anywhere as his/her wish on any project he chooses to work based on their skill and passion.

For example, if you are good at programming, then you can find a job based on Web Programming and coding to earn online.

3.) Do Micro-tasking Jobs Online:

The internet is full of choices. If you do not like to work even for a part-time commitment like a freelancer but you want to make money online, then start doing small tasks and micro-jobs online.

Micro-tasking is a process of splitting a large job into small tasks that can be distributed over the Internet to many people.

Each task is assigned to individuals based on their skills.

These sites offer various micro jobs and offer for their members and they can choose based on their skill level and experience.

On successful completion of each task will pay you around $1 – $10.

This is yet another easy way to make money from your free time every day.

4.) Become a Consultant:

You can make money by selling your advice and sharing your knowledge on other people’s project development.

This does not need a superior skill or an expert to become a consultant, you just have to be better than your client.

I am offering consultant services on Web development based on new technologies as I have successfully completed more than 10 projects.

Normally, I would charge an average fee of Rs.1500 per hour through skype/phone.

I am helping clients to move on to a new dimension. They get more businesses based on my ideas and I am being compensated for every successful consultancy hours.

Any people who have sound knowledge can become a consultant and find clients online. But how?

1.) Create a free blog on WordPress or Blogspot
2.) Create a Facebook page or Twitter profile or Linkedin profile
3.) Start a real small start-up office in your area.

Thoughts to remember:

The internet itself having many true opportunities to make money online. But you should spend your beginning time to learn a lot of new things like Ebooks, articles, blogs, etc. to gain knowledge.

In a few month’s time, you can start to earn a decent income by working online.

3 Easy Ways to Earn Online:

5.) Earn from PTC sites:

This is the true way of making a second income by working online.

The income is less but at the end of the month, you can make almost $200 from PTC sites.

PTC sites work as a middleman between advertisers and members.

The advertiser pays money for traffic and members will earn money for viewing those advertiser sites.

To make income, you need to click and view the advertisements for 10 to 30 seconds on your computer.

After the timer ends, your account will be credited with the money. You will be paid for each and every advertisement you view on your browser.

It does not require any special skill to start but requires time to earn a decent income.

Referrals are the secret of success as these sites will pay up to 50% as your referral commission from your direct referrals.

Action Plan: Register, login, view ads and refer some people.
Do this action every day to earn more income from PTC sites.

6.) Work from Online Surveys:

This is the second great opportunity for people to earn additional income every day.

Surveys are the set of questions asked by the MNC companies about their products or services in order to collect different answers and suggestions from different people.

Completing the survey will take 5 minutes to 30 minutes depending on the length of the survey and the company.

All you need is to either write your feedback or choose your opinion from the list of options.

You can able to make $1 to $20 per survey and it depends on many factors such as the length of the survey, your profile and your country you are living.

Action Plan: Register – Complete profile surveys – wait for an email invitation

7.) Earn free Bitcoins:

Bitcoins are the virtual digital cryptocurrency that serves as the function of the real currency.

You can use the bitcoins to purchase any products or services, book flight tickets, hotel rooms, make online purchases, etc.

It has become a new trend all over the world. There are two ways to earn bitcoins: one is mining and another one is working on faucet sites.

Mining is an automated process to earn bitcoins and it requires some initial investment.

In this first method, your one-time investment will earn you for a very long time.

The second of earning bitcoins does not require investment.

Register with the list of recommended paying Bitcoin sites and start earning free satoshis for solving captchas or doing micro-tasks.

You need to create an online wallet account in the blockchain to store your BTC, which you can use later for any purpose.

Who can start working online to earn?

Any people who have a real interest and desire to make an additional income can start this online home income.

The first three methods have some advanced skills and passion to work.

The second three methods require basic skills to start to work.

  • College students who searching for making pocket money can start working online.
  • Unemployed / Job-seekers can do this work instead of searching for a day job.
  • Housewives can start freelancing work and content writing work.
  • Business people looking for an alternate source of income.

Finally, every people can do this job based on their skills and experience level.

One important thing needed is their time and dedication to learning things first.

Why this article?

This article was the outcome based on the analysis of my site visitors whose maximum question was How to earn money online without investment?

This makes me write this article that covers the basic standard in this field.

As said in the beginning, the Internet has tons of opportunities available to earn extra money from your computer at home.

But if you are ready to learn things that work, then you enjoy a no-boss lifestyle.

Remember, making money online is not possible overnight and it requires time and dedication.

All your valuable comments and thoughts are most welcome because discussions make content more valuable.

4 Ways to Track and Manage Your Bitcoin Investments

Modified date: August 26, 2020

Some Bitcoin and cryptocurrency enthusiasts advocate for moving most–if not all–of your financial transactions to this new type of currency. Others, though, see cryptocurrency as more of an investment. As Rob points out in this Forbes article, the truth may be something different entirely.

The bottom line is that you need to be careful with this new, volatile form of pseudo-currency. But that doesn’t mean you can’t dabble, if you can afford to potentially lose money on this investment.

As with all investments, though, it’s important to keep an eye on this one. And you can do that now more easily than ever with a vcariety of investment-tracking tools specifically for cryptocurrencies–and one that adds your cryptocurrencies to your other investment tracking.

If you’re looking to continue investing in cryptocurrencies in 2020, check out this list of ways to keep track of that investment.

1. Altpocket

This cryptocurrency tracking app works when you add your API keys from your various cryptocurrency wallets. Then it imports your transactions, much like our favorite budgeting apps do with your general bank transactions. Altpocket boasts a sleek design that is easier to understand than many other altcoin and bitcoin tracking apps. You can also decide which display currency to use to value your current altcoin portfolio.

2. CoinTracking

This website isn’t as pretty as Altpocket, but it does offer a lot of functionality. On the dashboard, you can see the total value of all of your coins, all your trades, and the current bitcoin price. You can also see your portfolio broken down by specific altcoin and bitcoin types, as well as the platforms you’re using for most of your trades. The tool also offers tax return documents, which can ease the headache of altcoin investing at tax time. You can choose to enter your coins and trades manually, to upload them from various coin exchanges, or to use the automatic API importer.

3. Blockfolio

This is another sleek-looking app created to help altcoin investors track various types of coins and trades on various exchanges. It performs basic functions like tracking your current investments and creating charts from that information. But it also gives you push notifications when prices cross certain thresholds, and gives you the latest bitcoin and altcoin news stories on its specialized news reader.

All in One Tracking with Your Other Investments

As you can see, the above three options are only for tracking bitcoin or other altcoin investments. So what if you want to see this piece of your investment portfolio as just part of the whole? In this case, you need to go with another investment-tracking platform that also gives you access to bitcoin tracking.

From what I can tell, the only well-known investment tracker that does this right now is Mint.com. Personal Capital used to offer linking for Coinbase accounts, but it doesn’t do this any longer. You can, however, manually add your Coinbase balance to your Personal Capital account. This lets you add your altcoin investments to your net worth calculations.

Likewise, there is no official support for Coinbase or other altcoin accounts with Quicken or YNAB. But you can add these investments manually to both platforms.

Mint, on the other hand, does officially offer an API connection with Coinbase accounts. This means it offers only limited tracking for altcoin investments, but it does import the values and transactions automatically.

You should note, though, that Coinbase itself doesn’t recommend this integration with Mint. It says that “any integration that involves API keys creates potential risks for account take-overs.” So be sure you’re comfortable with this potential risk before you add your Coinbase account to Mint.

The bottom line here is that the complexity and volatility of cryptocurrencies makes them difficult to track as part of your larger investment portfolio. But that shouldn’t keep you from keeping careful track of these investments. You just may need to track them separately from your budget and other investments. Then, add the balances manually to your favorite online budget and investment tracking tool to get a sense of your overall net worth.

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