Whether your new or current to the latest trend called Bitcoin, you know one thing that is a fact, Bitcoin is growing at an enormous rate. At the time I am writing this, Bitcoin is currently over $9000+ per coin. Bitcoin is said to continue to rise over $100,000 a coin in the near future. Whether that holds true or not is a risk that many people are willing to take.
First off lets be clear that their are a lot of fraudulent companies out their looking to steal your money. Below are a list of reputable companies that have a strong reputation in the Bitcoin game. Each method below if used correctly together could garner you a sizable return.
How To Get Bitcoins in a Digital Wallet / Holding Money
The first thing you must have is a Bitcoin wallet. The term wallet is exactly how it sounds, it’s a place where you will hold your money or in this case, Bitcoins. A very popular wallet widely used by many is called CoinBase. CoinBase allows you to turn cash from PayPal, Credit Cards, Debit Cards, and Bank Accounts right into Bitcoin.
One method of growing your money is by purchasing Bitcoin with cash and holding it. In the next 5 years, if the current trend of Bitcoin continues to go up, so will your money. Other ways to grow your money is to sell or exchange your coins by basing it off of market fluctuations.
If you sign-up with this CoinBase Promo link you will receive $10 in Bitcoin for FREE when spend over $100. Other available crypto-currencies CoinBase supports are Ethereum (ETH) and LiteCoin (LTC).
Compound Interest Investing (Double Your Investments)
Another way to grow your money is by putting your Bitcoins in an account that can grow. Almost like a savings account that incurs positive interest onto your money slowly overtime, compound interest investing will double your investment at a much faster rate.
Their are many companies on the internet that offer this service, but a lot of them end up being turn and burn websites. You want to always do your own research and check reviews before signing up with any company. The two companies that I have mentioned below are reputable and have been out for quite some time already.
Two websites that provide you the ability to grow your Bitcoins overtime is BitConnect and USI Tech. Both websites have different ways of growing your money. BitConnect is a service that allows you to deposit existing Bitcoins and lend out money. The money that is lent out will automatically incur positive interest daily. The more money you put in, the more profit you get back. You also have the ability to reinvest those daily profits to grow and receive a bigger return.
USI Tech is very similar when it comes to investing and reinvesting your money. USI Tech allows you to buy packages in Bitcoin. The more packages you purchase, the higher in return your daily profits. Like BitConnect, you will be able to reinvest your earnings as well as profit even more by referring others to join your downline. The USI Tech program is also said to be an even better solution when it comes to growing your money at a fast pace.
Cloud Bitcoin Mining
A very popular way of growing your Bitcoins is through the use of Cloud Mining. Cloud mining allows you to use or rent out powerful machines (mining rigs) that will grow your money.
Genesis Mining provides you with mining rigs that are already set up and running. All you have to do is setup your account, choose a Bitcoin (or Ethereum/LiteCoin) mining plan to get started.
The benefits of cloud mining is very notable. You don’t have to rely on your own equipment in order to start mining Bitcoins. Mining can be very taxing on your electric bill, with cloud mining that is not an issue. Because you are using some one else’s equipment you will basically be paying a small fee for transactions or an upfront contract payment fee.
Genesis Mining allows daily payments out into any wallet of your choosing. They also support alt coins such as Ethereum (ETH) and LiteCoin (LTC).
CPU/GPU (Computer) Bitcoin Mining
If cloud mining is not your cup of tea and if you have very power equipment of your own, you may be interesting in mining Bitcoins with your very own computer. Depending on the power of your computer, you can get a decent amount of hash power that will in turn give big daily profits. It’s important to note that if your computer is not compatible or has low-grade hardware, you will see little to no results.
MinerGate is a favorite and the best way to earn Bitcoins for Free. Other than providing support for Bitcoin, they allow you to mine other popular alt coins such as Ethereum (ETH), LiteCoin (LTC), Dash (DSH), and much more. The software provides you with a nice dashboard, showing you the activity of all your coins being mined in one location.
MinerGate I would consider the best option at the moment to aquiring free crypto-currencies. Bitcoin requires alof of CPU/GPU power, but smaller coins that are moving up in value only require a minimum amount of processing power. You can get away with mining with an average computer and still see results. Download free software here.
Powerful GPU/CPU’s to Choose From for Mining
- AntMiner S9
- Nvidia GeForce GTX 1070
- Nvidia GTX 1080 Ti
- AMD Radeon RX 580
- AMD Ryzen 7 1800X Processor
Investing Your Spare Change into Bitcoin
Their is a mobile app on the market called Acorns where you can deposit your “spare change” (rounded to the nearest dollar) into a separate account. The transactions are so small that you won’t even notice it. Now you can do that with Bitcoin.
An app called the CoinFlashApp allows you to connect your Debit Card or Credit Card to your account and when payments are made, the spare change left over will be sent into your wallet. Example, you pay for a hamburger which costs $11.25, this amount will get rounded to the nearest dollar of $12.00, so .75 cents gets deposited to your wallet.
This method is a much easier way to receive Bitcoins. Your money will accumulate overtime as you continue to make purchases. Everyone uses their debit card/credit card for everything already. Why not invest in Bitcoin at the same time?
The CoinCashApp also supports another crypto-currency called Ethereum (ETH).
5 Bitcoin Stocks To Invest In
If your on the fence about purchasing Bitcoin or looking for other forms of investment, you can always purchase stocks. Like Bitcoin itself, stocks go upward or downward. The list of stocks below provide an upward mobility mainly due to the massive rise of Bitcoin and other crypto-currencies. If the trends continue to rise, you can potentially more than double your profits.
CME Group (CME)
The CME Group is a mega exchange operator. They handle over 3 billion+ contracts with an estimated value of over $1 quadrillian dollars yearly all over the world. This stock looking to lead the pack when it comes to Bitcoin exchange and future contracts. As long a Bitcoin is healthy and growing, this is the stock to have.
Bitcoin Investment Trust (GBTC)
This stock “coincided” with the explosion of Bitcoin. This company purpose is to bring digital currency investments to small investors. GBTC provides you with the perfect opportunity to invest in Bitcoin without purchasing a single coin.
Overstock is an online merchant store that sells everything from kitchen accessories to jewelry and clothes. What makes this stock special is that it accepts Bitcoins as a form of payment. As the popularity of Bitcoin continues to grow, so will this stock.
A company that specializes in creating powerful GPU’s for computers and leading video game consoles such as PlayStation 4. Because of the rise in Bitcoin mining, Nvidia graphic cards have been flying off the shelves. As cryptocurrencies continue to grow, so will this stock.
Advanced Micro Devices (AMD)
Like Nvidia, AMD provides both GPU’s and CPU’s for computers and video game consoles. Because of the massive growth of Bitcoin, this stock continues to soar upwards. AMD will continue to grow as more cryptocurrencies continue to flood the market and become more mainstream.
Like stocks or investing in other ventures, their can be risk in Bitcoin and all the other current and emerging crypto-currencies. But at the same time their is potential for a big return. By incorporating one or more of the strategies listed above, you have the opportunity to expand your new and existing portfolio with crypto-currencies.
Re-cap of services mentioned:
- CoinBase (Buy/Exchange Bitcoins, Litecoins, and Ethereum) Sign-Up Here.
- Bitconnect (Grow your Bitcoins by Lending or Mining) Sign-Up Here.
- USI Tech (Grow your Bitcoins by buying packages and referrals) Sign-Up Here.
- Genesis Mining (Grow your Bitcoins, Ethereum, Litcoins by Cloud Mining) Sign-Up Here.
- MinerGate (Grow your Bitcoins, Dash, Litcoins by Mining with your own computer) Sign-Up Here.
Any questions on how to use Bitcoin or about any of the aforementioned services above, feel free to contact me or comment below.