Bitcoin has had a tumultuous 2018. There were many ups and downs, but one thing was consistent: the price of Bitcoin fluctuated heavily throughout the year. In December 2017, the price of Bitcoin peaked at $20k per coin before falling to around $3k by November 2018.
Despite this drop in value, there are still many ways to make money with bitcoin in 2022. We will explore five different strategies that you can use to earn bitcoin and potentially profit from it!
Let’s take a look at these ways.
- Buy & hold Bitcoin
While this may seem obvious, buying and holding Bitcoin has been the best long-term strategy for many investors. This is because nobody knows what the price of a single bitcoin will be weeks or months from now. Prices can go up or down even by 100% in just one day, so it’s important to have a long-term view when investing in Bitcoin.
Many people believe that the price of Bitcoin will only go up from here, making this a very wise investment decision. In addition, by holding onto your Bitcoin, you can also earn dividends in the form of new bitcoins released into circulation every time a block is mined.
- Make investments on your cryptocurrency
This is one of the best ways to make money with Bitcoin in 2022. You can invest in Bitcoin and earn a lot of money from it. When you invest in a cryptocurrency, you are essentially buying into that currency and hoping its value will increase over time. If you buy low and sell high, you can make a lot of money off your investment.
Bitcoin is an especially good investment right now because its value has been steadily increasing. If you had invested just $1000 in bitcoin at the beginning of 2017, your investment would be worth almost $20,000 today. So if you have some extra cash lying around, investing in Bitcoin could be a wise decision. You can choose Crypto Engine for trading.
- Enroll in affiliate marketing programs
Many affiliate marketing programs allow you to earn commissions for promoting products or services. Many of these programs accept bitcoin as payment, so you can easily make money by promoting products and services that use bitcoin.
- Earn Bitcoin rewards while using credit card
Many credit card companies are now offering bitcoin rewards for their customers. This means that you can earn a percentage of the value of your purchases in bitcoins, which can be deposited into your wallet or exchanged for cash. This is a great way to accumulate bitcoins and make some money passively. Be sure to check with your credit card company to see if they offer this reward program.
- Use Bitcoin faucets
Bitcoin faucets are a great way to earn some free bitcoin. You need to complete a captcha and click on the Claim button. You can then use your earned bitcoin to gamble, trade, or purchase goods and services.
The Bottom Line
Bitcoin is still a relatively new phenomenon, and its future is highly uncertain. However, there are several ways to make money with Bitcoin in 2022. Some of these methods are riskier than others, but they all can be profitable.
