, 2022-11-19 12:44:00,
Most people who first hear about Bitcoin usually want to know how to make money with bitcoin. While bitcoin is a digital currency as well as a store of value asset, it also enables individuals to make money with it.
Read on to discover seven ways you can make money with bitcoin (that actually work).
Buy & Hold
Arguably the most popular way to (potentially) make money with bitcoin is to buy and hold (or HODL) it.
“HODLing” means buying bitcoin and holding onto it for the long term. But why would you want to do that? Well, bitcoin has been built in a way that the value of the digital currency will increase over time as more and more people and businesses adopt the digital currency because the increasing demand is met with a finite supply. As a result, bitcoin is poised to increase in value over time. At least, that is what has happened since the cryptocurrency’s inception.
Though there’s no guarantee that bitcoin’s price will continue to go up, especially in the short term, hodling bitcoin in the long term in spite of the price changes probably makes sense.
Buying and hodling bitcoin can be done in a few ways. However, the easiest way is to buy some bitcoin on an exchange like Binance, Coinbase, or Kraken or through a bitcoin-only broker. Then, you store your coins safely in a personal wallet to which only you hold the private keys. After buying bitcoin, you can then hold on to it and wait for its price to go…
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