It is now the eve of 2018 and bitcoin is at the 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 ground you will have in 5 years when it becomes an established currency around the world.
And if the Bubble scares you, investing in bitcoin is just one of the options, but not the only one. Bubble or not you can still make tons of money from bitcoin. And bubble or not, the value will increase in the future because people are just interfering with it.
Make your own Bitcoin Faucet
Potential income: $50 to $800 per month.
A bitcoin faucet is a project where you create a website or app for users to visit. You monetize the site with ads that pay in bitcoin. Ads pay a small amount of bitcoins per page view, click or conversion.
To encourage more visitors to continue navigating the site every day and every hour, you offer to share the income from ads with them, paying Satoshi which is basically bitcoin cents. To claim their winnings the user must earn a certain amount of Satoshi and payments are made every week.
Faucets pay between 100,000 to 400,000 satoshi per hour. Some offer premium payments for seniority or performance.
Faucets start to operate solving captchas, and nothing else. A very boring passive income task. New faucets are built in games where users kill aliens, feed critters or kill robots to earn satoshi, the more they advance in the game the more they earn. That’s why it’s a good idea for your own faucet.
The day when every video game player gets paid for playing is near.
Consider that bitcoin faucets tend to default due to lack of funding or liquidity. Faucet owners can’t get their bills to pay quickly with a rapidly growing user base. They also tend to be hot targets for hackers.
Make 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 pop up every day; anything from bitcoin exchanges, trading, play money sites, faucets, online shops and mining are avid for your advertorial space.
Creating a bitcoin blog and monetizing it may be slow at first, but consistently publishing rich content will get some advertisers interested in less than 9 months.
You can join some affiliate programs or build your own bitcoin store. Bitcoin faucets, wallets and exchanges pay huge commissions per referral.
Small Profit from Bitcoin Faucets
My first piece of advice involves building your own faucet. If that seems a bit difficult, then try joining one and reap its benefits. Instead of earning $800 a month it will 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 tend to be faulty and disappear easily. So be sure to join some reputable ones like Robotcoin.com and BitcoinAlien.com. It’s also fun because you play while making money, my top recommendation is robotcoin.
Create a Bitcoin Product or Service Online Shop
Bitcoin is still hard to monetize in USD and other hard currencies. Not that it’s terribly difficult, but it does incur some fees and taxes in the process. Although it is still one of the cheapest ways to send money anywhere in the world.
Buying things with bitcoins is a great way to make something useful out of them and help to avoid fees and taxes on exchanges. Especially when you can resell the items and make hard cash.
There is a huge business opportunity to sell goods paid for in bitcoin at a low price or wholesale. All you need is a bitcoin merchant for your Shopify or WooCommerce shop like BitPay.com. Shopify now integrates with BitPay.