Jump to content

Leaderboard


Popular Content

Showing content with the highest reputation on 08/02/19 in all areas

  1. 3 points
    The blockchain revolution has seen Bitcoin prices soar from a fraction of a cent to tens of thousands of dollars at all-time highs. While you may have missed the $20,000 Bitcoin moon, there are still plenty of ways you can make money with Bitcoin in 2019. The launch of the Bitcoin network in 2009 has had a profound impact on the international financial ecosystem. Bitcoin is a highly disruptive and unique method of storing and transferring value between individuals — highly fungible, completely decentralized, and immune to inflation, Bitcoin represents a significant leap forward in economic efficiency. The earliest days of the Bitcoin network saw Bitcoin miners rewarded with 50 Bitcoin per block, and faucets in the prehistory of Bitcoin routinely gave away 10 whole Bitcoin at a time. If you’d been present and active within the Bitcoin ecosystem between 2009 and 2011, it’s highly likely that you’d now be a multi-millionaire. The ability to generate hundreds of thousands or even millions of dollars in Bitcoin overnight may have passed, but that doesn’t mean it’s too late for you to start making money with Bitcoin in 2019. The blockchain revolution spearheaded by Bitcoin is still in its infancy, which means there are still plenty of opportunities available to individuals seeking to capitalize on it. In this article, we’ll take a look at the best ways to make money with Bitcoin in 2019 and explain how they work. 1. Generate Profits by Trading Bitcoin Bitcoin trading has remained one of the most efficient methods of generating profits with cryptocurrency throughout the entire history of Bitcoin, but it’s also the riskiest. The basic principles of Bitcoin trading are simple — buy low, and sell high. Putting this theory into practice, however, can be extremely difficult. The Bitcoin market is notoriously volatile, frequently losing more than 10 percent overnight due to large-scale exchange hacks, regulatory changes from major governments, or changes to the underlying technology that drives the Bitcoin network. Getting started with Bitcoin trading is relatively easy. Traders only need to make an account with a platform that allows them to purchase Bitcoin with fiat currency, such as Coinbase, provide their identify details, and they’re free to buy Bitcoin. The Bitcoin they purchase can then be sent to an exchange such as Binance, OKEx, or Binance Pro, and start trading. Bitcoin can be traded for other cryptocurrencies in order to capitalize on anticipated price surges or market swings, or even used to purchase crypto that can be used to invest in initial coin offerings. Bitcoin trading isn’t easy — there are many factors that influence the price of Bitcoin, which can be broadly separated into fundamental factors, and technical factors. Fundamental factors include the underlying real-world market ecosystem, the flow of fiat currency into fiat, technological breakthroughs, major Bitcoin adoption events, and exchange hacks. Technical factors are more complicated — traders that focus on technical analysis, or TA, use a variety of mathematical formulae and charting patterns in an attempt to predict the future price of Bitcoin. If you’re interested in trading Bitcoin in order to make profit, it’s best to develop an extensive understanding of how Bitcoin works, the history of the Bitcoin market, and read up on technical analysis methods before starting. 2. Claim Free BTC from Bitcoin Faucets Cryptocurrency faucets are sites that provide crypto to users for free — often with no strings attached. The first cryptocurrency faucets were created in order to promote the use of Bitcoin, back when Bitcoin was worth less than $0.01, and gave massive amounts of Bitcoin away for free. The very first Bitcoin faucet would give users a massive 5 Bitcoin for free — all users needed to do was provide a wallet address and complete a captcha. At today’s prices, claiming Bitcoin from this faucet would net you over $45,000 USD. There aren’t any more Bitcoin faucets that will give you thousands of dollars in crypto for free, unfortunately. There are, however, still faucets that will give you a few tiny fractions of a Bitcoin, called “satoshi”, or “sats”, for completing small tasks, watching ads, or playing games. BitFun, Moondoge, and Cointiply are all crypto faucets that will provide you with a tiny amount of free cryptocurrency for a few minutes worth of effort. Crypto faucets, however, are no longer an efficient method of generating a large amount of money from Bitcoin. The TrustDice faucet is notable for the gaming features it offers. TrustDice players are able to use the cryptocurrency given to them via TrustDice’s dedicated faucet in provably-fair games, potentially multiplying the free crypto they get to significant amounts. 3. Win BTC With Skill & Luck from Bitcoin Gaming Platforms If you’re an avid gamer, or a relatively lucky person, crypto gaming platforms and Bitcoin gaming platforms can be a profitable option if you play your cards right. The transparent and provably-fair nature of smart contracts driven by blockchain technology has allowed gaming platforms to create online prediction games that are wholly fair. Rather than trust online casinos to make sure their games are fair to users, blockchain-powered crypto gaming platforms allow users to view and audit the smart contract used in their games, proving to users that they’re playing games that aren’t stacked against them. TrustDice, available via Trust Platform, is a highly popular EOS-based game that distils the provably-fair gaming experience. Rather than confuse gamers with complex card games or monotonous slot games, TrustDice is a simple but fun dice game that allows players to bet on the outcome of a dice roll, predicting whether the roll will fall under or over a certain number out of 100. In addition to providing users with a provably-fair crypto dice game, TrustDice also provides benefits like TXT mining, which can be used to multiple bonuses, as well as a free crypto faucet. 4. Exploit Arbitrage Opportunities on Local Bitcoin Sales Platforms There are many different ways to buy Bitcoin. Platforms like LocalBitcoin and Paxful are designed to allow users to buy Bitcoin through a variety of different payment methods that aren’t typically available on cryptocurrency exchange sites. LocalBitcoins, for example, began as a platform designed to allow users to meet in real life and exchange Bitcoin for cash fiat currency, complete with ratings, reputation, and escrow services. While LocalBitcoins no longer facilitates local cash trades, other platforms such as Paxful do. The biggest advantages offered by these platforms is the arbitrage opportunities they present. The exchange rate between cash and Bitcoin, for example, is typically 10 percent higher than the rates offered by centralized exchange platforms, allowing savvy traders to capitalize on a significant arbitrage. The risker the payment method, the higher the arbitrage cost — it’s possible to sell your Bitcoin for PayPal credit, but the high risk associated with PayPal chargebacks means the arbitrage will net you an additional 20% on the Bitcoin price. Local Bitcoin sales platforms can be a lucrative opportunity — but there’s no reward without risk. 5. HOLD Bitcoin for Massive Long-Term Gains The simplest and easiest way to generate profit from Bitcoin is by purchasing it, storing it, and waiting. If you’d bought $1,000 worth of Bitcoin at the earliest exchange rates and held it until now, you’d be a multi-millionaire. Holding could potentially see your investment increase dramatically on the proviso that Bitcoin remains the king of crypto. If you’re looking for a safe long-term profit generating option for crypto, HODLing — a crypto community inside joke based on a type of “hold” — is your best bet. Just be sure to keep accurate records for your Bitcoin capital gains tax calculations. Bitcoin trading can be complicated. Faucets don’t offer significant amounts of crypto. Arbitrate is risky, and HODLing takes a long time. All of these options can generate profit, but can be boring — if you’re interested in a fun method of increasing your BTC profits, try out TrustDice on Trust Platform today.
  2. 1 point
    There are many different Bitcoin casino games available online. Bitcoin dice is widely regarded as the most “pure” form of crypto casino game available, offering players straightforward rules that are easy to learn, but difficult to master. If you’re interested in playing Bitcoin dice, it’s best to develop a winning Bitcoin dice strategy. Bitcoin Dice strategies are similar to traditional dice game strategies, and focus primarily on the selections a player bets on and how much a player stakes per bet. In this guide, we’ll break down the most five most effective Bitcoin dice strategies What is Bitcoin Dice & How Does it Work? Bitcoin dice games work in a similar fashion across most Bitcoin casino platforms — the rules of Bitcoin dice follow a simple model. Bitcoin dice is extremely popular due to the provably fair nature of Bitcoin casino games and the straightforward nature of dice games. Understanding how to play Bitcoin dice is simple: in a game of Bitcoin dice, a player chooses a number between 1 and 100 and bets on whether a dice roll will roll over or under that number. Bitcoin dice isn’t complicated — betting on a roll under 75, for example, delivers the same odds as betting on a roll over 25, and delivers identical odds. Most platforms offer Bitcoin dice games with a 1% house edge. How to play Bitcoin dice: Select the number you predict the roll will land above or below. The higher the potential payout, the lower the chance of correctly predicting the roll Place your bet amount Press the roll button! The 5 Best Bitcoin Dice Strategies The most common strategies for Bitcoin dice focus on watching previous rolls and identifying patterns. This leverages probability prediction — if the last 10 rolls you made landed under 50, it’s likely that you’ll see a roll over 50 very soon. Other strategies involve identifying alternating patterns — if you notice that your rolls are landing under 50, then over 50, then under again, it’s likely that this alternating pattern will end soon. Players using this strategy typically bet on the opposite of the last roll when they predict an alternating pattern will end. It’s important to note that the future of random games such as Bitcoin dice aren’t influenced by random past events — but patterns don’t continue indefinitely, which is what makes Bitcoin dice so much fun. Bitcoin dice strategies are primarily concerned with staking plans. 1. The Martingale Strategy The most popular staking plan is the Martingale Strategy, which originated in 18th century France. Using the Martingale dice strategy, Bitcoin dice players progressively increase the amount they bet when they experience a losing streak. When a player wins a bet, the win from the bet covers the losses incurred from previous losing bets. A Bitcoin dice Martingale strategy looks like this: A player loses a 10m฿ bet to roll under 50 The player places a 20m฿ bet to roll under 50 If that bet loses, the player places a 40m฿ bet to roll under 50 This pattern is repeated until the player correctly predicts a roll. 2. The Break-Even Martingale Strategy The break-even Martingale Bitcoin dice strategy is similar to the standard Martingale, but staggers the staking process, slowing the rate at which stakes are increased. A break-even martingale dice strategy looks like this: A player loses a 10m฿ bet to roll under 50 The player places a 10m฿ bet to roll under 50 If that bet loses, the player places a 10m฿ bet to roll under 50 again If the second 10m฿ bet loses, the player then increases the bet to 20m฿, and continues the Martingale strategy This process helps players hold out against a losing streak for longer. 3. The Inverse Martingale Strategy The inverse Martingale Bitcoin dice strategy is the exact opposite of the standard Martingale. Using the inverse Martingale, players increase their stake size when they’re on a winning streak — not during a losing streak. In the inverse Martingale strategy, players stake a 50% stake of the wins from successful rolls. This strategy allows players to keep half of the winnings from previous rolls even if they lose the staked 50%. 4. The D’Alembert Strategy The D’Alembert dice strategy is extremely straightforward. Instead of doubling the bet amount after each role, as in the standard Martingale strategy, players increase their bet amount by 1x only after each consecutive roll. 5. The Paroli Strategy The Paroli strategy is a progressive Bitcoin dice strategy designed to take advantage of winning streaks. The Paroli strategy looks like this: A player will determine a base stake The player will double their bet after each win The player will stop raising their stake after three consecutive wins After a loss, the player bets only their base stake The Paroli strategy helps players to minimize losses and capitalize on winning streaks. Where to Play Bitcoin Dice If you’re not sure where to play Bitcoin dice, it’s best to do a little bit of research first. There are many different Bitcoin dice sites online. Players often select a Bitcoin dice site or crypto casino that provides players with benefits, but the most important to play on a Bitcoin dice site that is provably fair — this means that the site can prove, independently, that their dice game is fair to all players. The best Bitcoin dice sites are provably fair. TrustDice is one of the most popular provably fair Bitcoin dice sites online, and is built on the EOS blockchain. TrustDice generates random numbers using a two-seed process that allows users to choose their own client seed, making it impossible for the roll outcome to be manipulated. This makes TrustDice arguably one of the most reputable Bitcoin dice sites online. In addition to providing provably fair Bitcoin dice games, players earn TXT tokens while playing games. TrustDice shares the profits of the platform with players holding TXT. In this way, TXT holders can earn BTC and ETH passive income everyday. If you’re looking for a provably fair Bitcoin dice game, try TrustDice’s decentralized EOS-based Bitcoin dice game today.
  3. 1 point
    There are many different Bitcoin casino games available online. Bitcoin dice is widely regarded as the most “pure” form of crypto casino game available, offering players straightforward rules that are easy to learn, but difficult to master. If you’re interested in playing Bitcoin dice, it’s best to develop a winning Bitcoin dice strategy. Bitcoin Dice strategies are similar to traditional dice game strategies, and focus primarily on the selections a player bets on and how much a player stakes per bet. In this guide, we’ll break down the most five most effective Bitcoin dice strategies What is Bitcoin Dice & How Does it Work? Bitcoin dice games work in a similar fashion across most Bitcoin casino platforms — the rules of Bitcoin dice follow a simple model. Bitcoin dice is extremely popular due to the provably fair nature of Bitcoin casino games and the straightforward nature of dice games. Understanding how to play Bitcoin dice is simple: in a game of Bitcoin dice, a player chooses a number between 1 and 100 and bets on whether a dice roll will roll over or under that number. Bitcoin dice isn’t complicated — betting on a roll under 75, for example, delivers the same odds as betting on a roll over 25, and delivers identical odds. Most platforms offer Bitcoin dice games with a 1% house edge. How to play Bitcoin dice: Select the number you predict the roll will land above or below. The higher the potential payout, the lower the chance of correctly predicting the roll Place your bet amount Press the roll button! The 5 Best Bitcoin Dice Strategies The most common strategies for Bitcoin dice focus on watching previous rolls and identifying patterns. This leverages probability prediction — if the last 10 rolls you made landed under 50, it’s likely that you’ll see a roll over 50 very soon. Other strategies involve identifying alternating patterns — if you notice that your rolls are landing under 50, then over 50, then under again, it’s likely that this alternating pattern will end soon. Players using this strategy typically bet on the opposite of the last roll when they predict an alternating pattern will end. It’s important to note that the future of random games such as Bitcoin dice aren’t influenced by random past events — but patterns don’t continue indefinitely, which is what makes Bitcoin dice so much fun. Bitcoin dice strategies are primarily concerned with staking plans. 1. The Martingale Strategy The most popular staking plan is the Martingale Strategy, which originated in 18th century France. Using the Martingale dice strategy, Bitcoin dice players progressively increase the amount they bet when they experience a losing streak. When a player wins a bet, the win from the bet covers the losses incurred from previous losing bets. A Bitcoin dice Martingale strategy looks like this: A player loses a 10m฿ bet to roll under 50 The player places a 20m฿ bet to roll under 50 If that bet loses, the player places a 40m฿ bet to roll under 50 This pattern is repeated until the player correctly predicts a roll. 2. The Break-Even Martingale Strategy The break-even Martingale Bitcoin dice strategy is similar to the standard Martingale, but staggers the staking process, slowing the rate at which stakes are increased. A break-even martingale dice strategy looks like this: A player loses a 10m฿ bet to roll under 50 The player places a 10m฿ bet to roll under 50 If that bet loses, the player places a 10m฿ bet to roll under 50 again If the second 10m฿ bet loses, the player then increases the bet to 20m฿, and continues the Martingale strategy This process helps players hold out against a losing streak for longer. 3. The Inverse Martingale Strategy The inverse Martingale Bitcoin dice strategy is the exact opposite of the standard Martingale. Using the inverse Martingale, players increase their stake size when they’re on a winning streak — not during a losing streak. In the inverse Martingale strategy, players stake a 50% stake of the wins from successful rolls. This strategy allows players to keep half of the winnings from previous rolls even if they lose the staked 50%. 4. The D’Alembert Strategy The D’Alembert dice strategy is extremely straightforward. Instead of doubling the bet amount after each role, as in the standard Martingale strategy, players increase their bet amount by 1x only after each consecutive roll. 5. The Paroli Strategy The Paroli strategy is a progressive Bitcoin dice strategy designed to take advantage of winning streaks. The Paroli strategy looks like this: A player will determine a base stake The player will double their bet after each win The player will stop raising their stake after three consecutive wins After a loss, the player bets only their base stake The Paroli strategy helps players to minimize losses and capitalize on winning streaks. Where to Play Bitcoin Dice If you’re not sure where to play Bitcoin dice, it’s best to do a little bit of research first. There are many different Bitcoin dice sites online. Players often select a Bitcoin dice site or crypto casino that provides players with benefits, but the most important to play on a Bitcoin dice site that is provably fair — this means that the site can prove, independently, that their dice game is fair to all players. The best Bitcoin dice sites are provably fair. TrustDice is one of the most popular provably fair Bitcoin dice sites online, and is built on the EOS blockchain. TrustDice generates random numbers using a two-seed process that allows users to choose their own client seed, making it impossible for the roll outcome to be manipulated. This makes TrustDice arguably one of the most reputable Bitcoin dice sites online. In addition to providing provably fair Bitcoin dice games, players earn TXT tokens while playing games. TrustDice shares the profits of the platform with players holding TXT. In this way, TXT holders can earn BTC and ETH passive income everyday. If you’re looking for a provably fair Bitcoin dice game, try TrustDice’s decentralized EOS-based Bitcoin dice game today.
×
×
  • Create New...