Bitcoin Millionaire Guide .pdf
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Beginner’s Guide On How To Become A Bitcoin Millionaire?
Bitcoin Millionaire – Introduction
In order to start earning passive income from Bitcoin, you first need to buy
Bitcoin. Then you need to invest your purchased Bitcoin into investment
projects which will allow your capital to grow. In reality, there are many different
ways to invest in Bitcoin. However, whatever investment path you choose, they
all fall into 1 of 4 categories, such as, programs, mining, exchange or initial coin
offerings (ICOs). These are the main four categories which will earn you and
make you a true Bitcoin Millionaire.
Payment Processors – buying Bitcoin and getting started
Remember, I said that to get started with Bitcoin investment, you first need to
buy Bitcoin. Well, to get started, you can use Coinbase or Bitstamp to buy
Bitcoin using your credit or debit card. Now, both Coinbase and Bitstamp are
well established Cryptocurrency exchanges and their operations are governed
by International Financial and Banking Regulations. This means, once you
have purchase your Bitcoin using these platforms, do NOT use their BTC
wallets to invest in any Bitcoin programs or mining operations. However, you
can use their BTC wallets to sent Bitcoin between exchanges. Also, do not use
their BTC wallets when purchasing any ICOs. Instead, use other online wallets,
such as MyEtherWallet and Blockchain. Now, MyEtherWallet is used for
sending and receiving Ethereum and the Blockchain wallet is used for sending
and receiving Bitcoin.
Bitcoin Withdrawal Process – Bank Transfer
Now, as mentioned earlier, using Coinbase and Bitstamp, you are able to buy
Bitcoin using your credit and debit cards. Furthermore, you can setup and link
Bank wire transfer between your Bank and these Cryptocurrency exchanges,
such as Coinbase and Bitstamp. Once this process is complete, you are freely
able to sell your Bitcoin and exchange it into fiat money. After that, you can
transfer your money back into your hands via Bank wire transfers.
Generating Passive Income via Programs
Once you have got some BTC in your Blockchain wallet, you may choose to
invest in a lending platform, such as Davorcoin. Davorcoin pays between 1-2%
daily. It’s a very profitable investing with Davorcoin lending platform. If lending
is not your thing, you can invest in USI Tech. Here 50 Euro will buy you 1 BTC
package. The more you buy the better it is for you. This program pays 1% daily
(mon-fri) for 140 days. It is a great way to compound and grow your Bitcoins.
Creating Wealth using Cryptocurrency Exchanges
Now, after you purchase some BTC at Coinbase or Bitstamp, you might
choose to start trading or simply holding Cryptocurrencies until price rises.
Nowdays, most people are too busy to sit front of computers and trade all day
long. So, they transfer their BTC to Cryptocurrency exchanges such
as, Binance or Kucoin. Once transferred, the BTC is used to buy cheaper
Altcoins. Basically, at exchanges, wealth is created, whereby the investors are
buying cheap and holding until the price goes up. In most cases, investors are
earning over 500% using this, “buy low and sell high strategy”.
Investment in ICOs for huge profit margins
In regards to initial coin offerings, Individuals are taking their time to research
and find good ICO investment opportunities. Once, ICO opportunities are
discovered, people use MyEtherWallet to buy ICOs. These Initial Coin
Offerings can be risky as you never know if the proposed investment will start.
Whether the coin will make it to the exchange or not? In most situations, if its a
good ICO project with a solid team, then most projects get materialized.
Bitcoin Mining – Wealth from the Cloud
What is Bitcoin mining? Bitcoin mining is whereby you are earning a passive
income for allowing your computer to be used for varifying BTC transactions.
You might decide to investment in Bitcoin mining, but setting up mining
operation at home is very expensive and technical. Therefore, what most
people do now is that they buy mining contracts from companies such
as Genesis Mining and Cryptomining Farm. These mining contracts earn you
regular passive income for the life of the contract.
Profiting with Bitcoin – Conclusion
To start earning residual Bitcoin income, you first need to buy Bitcoins using the
recommended platforms. Second, you need to start investing your Bitcoins
using the right payment methods. Third, regularly compound and grown your
returns. Finally, you will be able to withdraw money back into you Bank account
using Bank wire transfer.
To find out more go to Passive Income (http://passive-income.info/)