Bit coin is a form of digital currency,
created and held electronically. No
one controls it. Bit coins aren’t
printed, like dollars or euros – they’re
produced by people, and increasingly
businesses, running computers all
around the world, using software that
solves mathematical problems. There
will be only 21 million Bitcoins ever
mined. This makes it a good longterm investment since the value will
increase over time because of the
halving process. The halving process
occurs every 4 years, which gives
miners a reward for verifying
transactions. Bitcoin will continue to
be halved until 2140 when the full 21
million is reached.
Now that you now a little more about
Bitcoin than you did before you read
this guide, I will show you how I
made money with Bitcoin. Here is a
graph I use to predict the price of
Bitcoin
https://gyazo.com/b4978c82b721def1
0bfabfd5daa06b0b
As you can see in the graph above
Bitcoin is volatile and has random
swings. The good thing is you can
make money off of these swings. One
safe way I made money was I bought
Bitcoin when it was going down and
held it for 6 months and ended up
make a $400 profit with a $1400
investment.
The more money you have the more
profit can be made. With that being
said you can still manage to make
profit if you buy low and sell high.
There are many ways to make money
off of Bitcoin and this is the safest
one. You can buy Bitcoin on many
sites but the one I buy off is called is
Coinbase. I buy at a price I like and
then put it in my vault. Which
requires 2 emails to confirm you are
withdrawing your funds and also it
can be linked to your phone so when
you log on from a different device it
sends a code to your phone. I have
been using this site for a couple of
years and it is amazing. Also if you do
end up signing on coinbase, here is
my referral link and when you buy
100 USD or more we both receive an
extra $10! Link is down below
https://www.coinbase.com/join/55f92
4190cca1f009800011e
Another way you can make money is
off of bitcoin is litecoin. Here is a
brief explanation about litecoin
Litecoin is a peer-to-peer Internet
currency that enables instant, nearzero cost payments to anyone in the
world. Litecoin is an open source,
global payment network that is fully
decentralized without any central
authorities. Mathematics secures the
network and empowers individuals to
control their own finances. Litecoin
features faster transaction
confirmation times and improved
storage efficiency than the leading
math-based currency. With substantial
industry support, trade volume and
liquidity, Litecoin is a proven medium
of commerce complementary to
Bitcoin.
Litecoin is bitcoins silver to its gold.
Since it is complimentary with
bitcoin. If bitcoin goes up so does
litecoin and if it bitcoin goes down so
does litecoin. Off of litecoin you can
make more bitcoins and the more
bitcoins equals more profit. The best
price I can tell you to buy litecoin is
anywhere in between $2.50- $3.00. I
bought around 200-250 units of
litecoin at $2.95 and ended up selling
all of it at $4.85. Making a good
amount of profit. Here is the profit I
made. Click the link below
https://gyazo.com/7490515a628e5d05
c23e769ad5e464ab
Another way you can make money off
bitcoin is buying a coin called
Etherum. This coin has a lot of
volume and prices swing often. Here
is a brief explanation about Etherum.
Etherum is a decentralized platform
that runs smart contracts: applications
that run exactly as programmed
without any possibility of
downtime, censorship, fraud or third
party interference. These apps run on
a custom built blockchain, an
enormously powerful-shared global
infrastructure that can move value
around and represent the ownership of
property.
Etherum was a coin that when came
out was worth a couple of cents it
then tremendously rose to $19-20. It
is in 2nd place behind bitcoin. I
bought Etherum at around $8 and sold
it for $16 doubling my money. A
good price to buy Etherum would be
$7- $10.
I made money off of bitcoin using all
these techniques. These techniques
are a good way to make money.
Another way you can make a lot of
money is alt- coin trading. This is a
risky way to make money but the risk
reward ratio is mind blowing and can
be deadly at the same time. I will tell
you step by step how I made money
off of this method.
There are many sites you can do alt-
coin trading but the one I use is called
bittrex.com. There was a coin called
prime-xi. I did my research about this
coin and it was a pretty good coin. So
I have been monitoring this coin by
looking at its highs and lows. One day
I bought in at 0000500. A couple of
weeks passed and I noticed this coin
was trading at around 0000200 but its
volume increased significantly. This
is referred to as a pump and dump.
This means people with a lot of
Bitcoins drive the price down to
where they can stock up on the coin
as much as they can and then since
they have a lot of Bitcoins they can
drive the price up to as high as they
want. Eventually dumping the price
after they have doubled or tripled
their investment. Leaving the people
who bought in high stuck with their
units and selling for a much lower
price. On the other hand I decided to
buy even more units 0000200. A
couple of days later the price
skyrocketed to 0001600. I had around
90,000 units and my sell order filled
at around 1200. I made more than
triple my money. A week later the
price crashed all the way down to
0000100. Now the price floats around
150-250. With coins like this you
have to keep up with the news and
most importantly be patient. Here is
some of the profit I have made with
this coin. Link is down below
https://gyazo.com/41435362db5185f2
14e6abb26874ff23
There are many other alt- coin I have
bought and sold but this one was the
most successful one I purchased. This
is a risky method to buy alt- coins and
sell them but the methods I listed
above this are not as risky.
Now I am going to show you how to
buy and sell on the site Bittrex. This is
a site I use because I am most
comfortable with but you can you any
others you like. There are three
options how you can buy and they are
ask, bid, and last. “Ask” means you
will buy at the price people are selling
the coin at. This means you will buy
or sell at whatever people set the price
at. “Bid” means you are putting a bid
below the asking price. So when the
price hits your price that you bid at
your sell or buy order will get filled.
“Last” means you are willing to buy
at the last price it was sold at. Here
are examples of what a buy order
would look like and what a sell order
would look like
https://gyazo.com/f6c27664e7129370
7d9ad1019e746612
BUY ORDER
https://gyazo.com/f0a81cd5d8cdfc34a
b458b06b8b6fe15
SELL ORDER
