Earnings on the crypto-currency: the main methods and risks that need to be considered


It's time to talk about the most important thing for the sake of which the majority of people and start to deal with crypto-currencies - about earning them.
Undoubtedly, most of us have heard that earnings on the crypto currency can reach fantastic sizes and that there are people who in one year moved from a bicycle to Bentley and moved from Medvedkovo to Rublyovka.
But is this bread so easy? Is it possible to earn so much on crypto-currencies? And can this be done at all? As Einstein used to say: "In order to constantly win in a casino, you need to be its owner." It's hard to argue with a brilliant scientist. The main ways of earning on the crypto currency So, let's start to announce the main options for enrichment on digital money

I.Mining
All that is extracted by excessive work, you can: exchange, sell, donate or simply throw it with the hard drive to the bottom of the deepest gorge, in general - do not embarrass yourself in the actions. Pitfalls: modern mining is a cruel race of hash-rites. Hardware devices need to be updated regularly, for which very large sums of money are spent, so that you can not only not make money, but you can not return yours.

II.Trading on stock exchanges. The exchanges are growing like mushrooms after the rain in the Chernobyl zone. At the moment, there are already more than 40. At the same time, it should be noted that all these are private projects, there are no supervision over them, and they can not only be opened, but also closed, as has happened more than once. Even the monster MtGox enlarged these ranks. Among the most powerful resources can be called (the rating is based on the daily trading volume ):

1.   Btcc is an undoubted leader. The daily trading volume is more than 430 thousand cuebts. One word is China. Disadvantages: they trade only 3 pairs, so that the freedom-loving Russian soul has nowhere to go roaming about.

2.   Poloniex - holds the second place with a large margin (more than 70 thousand BTS). They trade 94 pairs. A good overview of this exchange is here 
3.   Zaif - the top three leaders of the crypto Olympus are the Japanese. More than 7 thousand cue-ball per day and again only 3 pairs. As you can see, Eastern people like stability and minimalism.

4. BTC-e- familiar to most users of the CIS countries. Russian-language interface, active chat - everything is accessible and understandable. Volume - more than 5 thousand BTS, and pairs - as many as 20. I / O Commission -0.2%

5.   Kraken - closes the top five exchanges. 27 pairs, almost 5 thousand bits a day.

The greatest number of pairs - as much as 442 (!), Is observed on the mysterious New Zealand stock exchange Cryptopia.
True, the volume of trading for such a scale is very meager - only 15 cue a day.

Full list of exchanges can be seen on this site .

A large Russian-speaking interpreter, with offers to exchange a packet of bitcoins for a bag of lightcoins, is here .

As you can see, the field is serious and there is where to make efforts, if only the money were.

The basic principle of trade is quite simple: buy cheaper - sell more . In this case it is necessary to take into account the commissions of exchanges and exchangers, which will output your figures in fiat.

II. Trade in the currency forex market.
The topic is similar to the stock exchanges, but it has its own specifics and options for the development of the situation. More and more brokers offer to try themselves in this kind of earnings on the crypto currency.

III. Earnings on the exchange of Crypto-currency.
Here, the idea of ​​a casino, voiced by Einstein, begins to work. There are two options: either open your own exchange service or arbitrate crypto currency.

Now about your own exchanger. At first glance, the idea is quite attractive. The commission of exchange offices for input or output of fiat money makes from 1.5 to 3%, and sometimes even more.

Pitfalls - you need a lot of money to open this business. This is not about thousands, but about tens of thousands of evergreen presidents. Second, you can be hacked or gutted or poured "dirt" on you or block a domain with a database and accounts in real banks. It can also at any time skamnut crypt or EPS, on which you had large limits. Even friends from the FBI can help, as was the case with the Liberty Reserve (then a lot of exchangers suffered, with some losses amounting to 100 thousand dollars each). So there are considerable risks in this matter.

IV.   Investing crypto currency into new digital projects.
Many new digital money systems conducted their own calls in the crypto currency. In particular, the IPO of the infamous the Dao was held in the aetherums (monetary units of the Efirum system). Thus, it is possible not only to change one crypt for another without a commission, but also to be able to multiply its funds with a favorable outcome, as was the case with the same Ether, the price for which for several months jumped 10 times.

V. Investment by crypto currency in various start-ups.
Very fashionable now theme. The number of starting projects that take bitcoin or another crypt (which is much rarer!) As payment is constantly growing.


VI. Betting for crypto currency and other gambling (casino, poker).

There are many bookmakers that take bitcoin.
However, this type of earnings, like the stock exchange, as well as forex, carries a large risk of losing part or all of the funds.

VII.   Earnings on cranes of crypto currency.

Here everything is simple: you throw a bit of bitcoin on your purse, download a template of the crane, catch up with traffic and try to monetize it, giving out 50-100 satoshi to the thirsty and suffering. This earnings is suitable for the primary accumulation of capital and turning you into a new Soros or Vitalik Buterin.
In fact,Crypto-currency is the same money, therefore it is possible to earn money on it in the same ways as in the currency.

In conclusion, I would like to note that you can really make money on the crypto currency. Dozens do this, and maybe hundreds of thousands of people around the world. At the same time, it is necessary to understand that, often, the gain of some is a loss of others. And to lose their blood, even digital and pixel ones, but from this no less native - no one wants.
So - learn to earn money yourself, and do not let others earn on you.

I'm in search of a convenient way to trade mine and my girlfriends Binance portfolios at the same time. Right now I have to sit with her laptop at my computer and, although it's doable, it's a bit of a pain in the ass.

Does anyone know of software that can load API's that allow trade but not withdraw so that 1 button push means 2 moves?

Know what I mean?

Here at the  bitcoin most of the members are supporters of bitcoin.  It is true that bitcoin is much better option facilitating our transaction needs.
But if there is no fiat currency ; then there will not be any banking system.  There will not be any depositors.  Without depositors Banks will be having no funds to lend to the needy entrepreneurs. 
So how the developmental works like installation of factories, institutions will be done because no individuals will be able to  run businesses. 
Big business houses will though be able to raise funds through ICOs but what about medium and small businesses.

Today bitcoin Competes with more than 1600 other Cryptocurrencies for attention

many of those have social missions, like development of economic strucutres, giving funds to young dentists etc.

while bitcoin still is mainly all about competitive large scale waste of ressources.

so if you still wonder why bitcoins price drops i tell you:

today bitcoin competes for fiat investors attention with 1600 other cryptocurrencies.

additionally bitcoin is even technologically aged. and has to justify itself with other cryptocurrencies that had a much higher funding regarding tech development like ripple.

i hope that helped answer a lot of questions.

regards

I’m having trouble understand what should be a simple issue and that is the use of the private key.  I know how public/private key pairs work.

I understand that I kind of need an address for people to send me bitcoin which is associated to a wallet.  But, once I have a bitcoin it is bound to a private key which is nothing but a big long number but I don’t know how to get at that simple number.  All this stuff about seeds for restoration just don’t add up.  Just give me the number so I can take it off line and protect it.   All these things to scan and wallets to maintain just to deal with a simple number, just a string of digits. 

All I need is the private key number,  I roll it out, protect it, get rid of all this wallet stuff until the day in 5 or 10 years when I want to send someone my bitcoin. Then I create a wallet and address and put my private key into it.

How do I get at my private keys.  It’s clear I just don’t understand enough yet and I just can’t commit to a currency system with the just “trust us, it all works”.  I keep reading and just get lost in all the details.

There are many factor we need to use that but From my point of view , the perseverance in Bitcoin is enssential and more important . the persistence when waiting any update , when waiting the project ending , when believing in team , dev and the persistence in my choice . . . Sometimes , I hesitate when believing in the project happening and suspecting . . . . When I know Bitcoin, I study it, then I feel downheart. But when I am patient, I can take a profit from it.

At present however safe on-line bitcoin transactions?
It is presently being seen that way more work is being worn out the net world through Bitcoin. As a result, Bitcoin's transactions are currently seen to be a lot of above before. that is why an issue is currently within the minds of the people, from time to time that the net dealing with such a lot Bitcoin is often a risk to Bitcoin?

Quite simply, the well-known businessman John McAfee, Robert Kiyosaki, author of a collection of famous books all over the  world,  and many others, expect that  the dollar will disappear in the future the crypto currencies like bitcoin will take its place.
crypto currencies are the currency of the peoples and not supported by governments. they are the refuge of countries looking for the future, which seek refuge to avoid economic sanctions such as Venezuela and to avoid economic crises such as Zimbabwe or to change the balance of power in the world like Russia,
Maybe we will see  booms and falls within the next ten years, but in the long run all the future is the technology of the blockchain.