Can Bitcoin Make you a Millionaire?

 

   Nowadays, Bitcoin has become an expensive electronic coin in the world. It was launched as the first cryptocurrency. And right it is the bigger economic event.

Who is The Bitcoin's Father?

Satoshi Nakamoto a Japonaise Economist Man has Created Bitcoin in January 2009. He had declared a month before that he is going to create the first electronic cryptocurrency digital. It is still a mystery of disappearing of Nakamoto at that time.

What is The Bitcoin?

Bitcoin is the first Cryptocurrencies that was created to be an electronic system peer to peer that does not need a third intermediary such as Banks. In addition to the Blockchain system that encrypts verified network transfers.

Also, Bitcoin was launched for Mining too. The mining Bitcoin operation is similar to mine Gold. While it extracts from deeply from grounds effortlessly using types of equipment, but Bitcoin is used by computers on high-performance withstanding the very high pressure of these programs inside of field called Pool.

Does Bitcoin is Legal?

According to legal status, Germany was the first country that has officially recognized the Bitcoin currency as a type of electronic money. Otherwise, The United States of America has not yet officially recognized this cryptocurrency.

What is Bitcoin Price Today? 

Outwardly, Bitcoin price is not stable, and likely that you have to read news of Bitcoin Tradings. It has crossed 40K USD and hit 50K. And if we step back 10 years ago, it was equal to only $1.

So How you can deal with Bitcoin to Become Rich?

In fact, many people have become Rich dealing with Bitcoin or alternatives currencies because of their unstable prices. One of the best examples in the picture above shows the power of bitcoin. Therefore, if anyone was investing $1000 a decade ago, they are going to have more than $15 million today. 

But what if we start from today and put the first step on  Pool to invest 1K USD. What will the result is going to be?  

1 Bitcoin is equal to 50K USD today and potentially will be worth 100.000 USD or more next year. 

Besides Investment, there are other top efficient ways that help to make money with Bitcoin.

• Mining

It considers one of the best easy ways to earn plenty of money with Bitcoin inside of the Blockchain network. And it includes two Types:

1. Personal-Mining 

this type works individually that can anybody be free selected to start mining in need of spending power of computer and electricity. 

      2 . Cloud-Mining 

this type does not require the user to buy any software, hardware, or put electricity bills. While it only requires making a contract and pay a fee one-time. Therefore, Cloud Mining recognizes the best alternative personal to earn money.

• Buying & Holding Bitcoin 

Many people believe simply to buy things when is low and hold them till silver becomes gold, then they used to sell in markets for instance. Therefore, for buying Bitcoin, get a Bitcoin Wallet. Invest, hold {wait for the right time}, and sell.

• Becoming an Affiliate Marketer

You can also earn money when you apply your social media followers, your website, or YouTube subscribers for affiliate programs by being an influencer. You will definitely receive an amount of money as a commission by promoting company products and services.

• Trading

Many people around the world have become traders of Bitcoin or any cryptos and make real money. Generally, Trading is risky, so you must take the risk before entering the market. It has 4 strategies :

Day Trading, Bitcoin Hedging, Trend Trading, and HODL { hold and buy}.

• Staking Bitcoin 

It could be much more risky than Trading. It is a process of freezing Bitcoin inside of the Blockchain to get rewards.

in conclusion, I think you realize how Bitcoin works and how people earn money and become millionaires. Just remember and knowledge the power of Bitcoin and it is up to you to choose any crypto to start. And whatever methods are going to select, you will reap huge profits. Just be patient and always trust in yourself and remember that your goal is to become rich.