In today’s article, we will talk about how to earn money from Cryptocurrency Bitcoin 2022. You must have heard about bitcoin in many places so far, in such a situation you also want to know that what is this thing which is going viral so fast, then everything To know about it first let’s see a little summary, it is a digital currency which was created by a person from Japan in the year 2009, initially its price was very low but as people came to know about it it became popular.
It is believed that when bitcoin was created, a person ordered a pizza with 10000 bitcoins, so you can guess how much it must have been worth, but today it is time to buy a whole pizza store with 10000 bitcoins. At present, it has become the most expensive cryptocurrency in the world, in which now everyone wants to earn money by investing .
Here I will tell you about two main ways to earn money from Bitcoin, so that you can easily earn money from Bitcoin sitting at home. Bitcoin is such a cryptocurrency, from which you can be a millionaire sitting at home. How can you move towards earning crores of rupees sitting at home? Let’s start the article.
what is bitcoin
This is a type of cryptocurrency, you can see it by associating it with money, just as our Indian Rupee is a medium of exchange, in the same way cryptocurrency can also be a medium of exchange. You can buy and sell cryptocurrency, there are many cryptocurrencies in the world, but the main ones are Bitcoin and Ethereum.
Cryptocurrency Bitcoin was started on 31 October 2008, at which time its value was much less than one rupee but today if you look at its value then it is more than about 32 lakh Indian rupees.
Bitcoin was started by a person named Satoshi Nakamoto, when it came in the market in 2008, at that time its price was only $ 0.008 in US dollars, but now see how its price has reached millions, currently the price of bitcoin is 32 lakh Indians. Rupees but there was a time when the price of bitcoin went above 60 lakhs.
Now a thought must have come to your mind that after all how its price increases and decreases, you would know that till some time ago the rate of US dollar was equal to 60 Indian rupees but now it has become equal to 75 Indian rupees. Due to which the rate of bitcoin also goes up and down.
The rate of currency of a country may be more or less due to the fluctuations in the country, but cryptocurrency like bitcoin which does not belong to any country, here the rate is more or less based on its demand, if the demand for bitcoin will be high. So its rate will increase and if the demand is less then the rate will decrease.
An interesting story related to bitcoin is that once Tesla company owner Elon Musk had said something about bitcoin on his Twitter account, at that time people thought that Elon Musk is also buying it, so everyone should buy bitcoin. because the rate is going to increase
So people started buying bitcoin more and more and on seeing it its price became equal to 60 lakh Indian rupees i.e. the price of one bitcoin is 60 lakh Indian rupees. The money has doubled.
But as soon as people came to know that Elon Musk has not invested in Bitcoin, at that time its price fell sharply because people came to know that now its price will come down, so people started selling more and more bitcoins. And if cryptocurrency is sold more then its rate automatically starts falling.
There are different mining centers of Bitcoin all over the world because Bitcoin is a type of Cryptocurrency and works on the principle of Blockchain, so a huge server is needed to settle every single transaction, it is an open source in which you can also You can do mining and here you will get some bitcoins in exchange for mining.
how to earn money from bitcoin
When you understand what is bitcoin and when and who started it. So let us now see the matter of work that after all Bitcoin can go to paise kaise kamaye Bitcoin is a very fluctuating cryptocurrency. That is, there is a lot of fluctuation in it, it is also called liquidity. lives.
The rate of bitcoin keeps going up and down very much, so you can earn money by trading in it too. For this you will need a crypto wallet which you will find in the play store, you can invest and trade in it, you can earn lakhs of rupees by trading. The second way is mining, for which you will need a powerful computer, you can earn money by mining bitcoins.
If you invest in bitcoin, then the chances of earning are very high here, you think that in 2008, when bitcoin was started, at that time its price was about ₹ 1 equal to one bitcoin, but today see that one bitcoin The price has become equal to 32 lakh Indian rupees, this means that if you had invested even ₹ 100 in bitcoin in 2008, then today you would have 32 crore Indian rupees.
By this, you must have got an idea that how much money you can earn from bitcoin, there is no limit to earn money from bitcoin because the price of bitcoin has become very high, so to shorten it, the value of Satoshi was fixed. There is 1 Bitcoin in about 100 million Satoshi, it is exactly like there are 100 cents in $1 and 100 paise in one Indian Rupee.
If you do not want to take risk by investing in bitcoin, then you can also earn money by mining bitcoin, here the chances of you loss are negligible, further we will also see how you can do mining in bitcoin?
1. Trading in Bitcoin
If you want to trade in Bitcoin then you can do trading in two ways. The first way is that you create a crypto wallet and buy some bitcoins as I told you that currently the price of one bitcoin is equal to 32 lakh Indian rupees, so it is not possible for everyone to buy a whole bitcoin.
I have told you the concept of Satoshi, so keep in mind that you can also invest through Satoshi, you do not need to buy a whole bitcoin, you will get bitcoin according to the amount of money you put in the crypto wallet.
If its price increases in the future, then your bitcoins will sell for more rupees, this means that if you transfer money from bitcoin, you will get more value and your money will increase.
Another way to invest in bitcoin is that you invest money in any crypto investment application, WazirX is considered to be the best application for investment in India, here you can invest in bitcoin, here you can also make transactions by hand. Will be able to deal
2. Earn Money by Mining Bitcoin
Bitcoin works on the basis of Blockchain, so it does not have a server anywhere, if you want, you can also take a stake in Bitcoin’s server, it is considered safe because Blockchain is the most secure medium to protect any server from hacking. for.
The chance of hacking in bitcoin is negligible because the data of bitcoin is in different places in different people’s computers, if an attempt is made to change a copy of it from one computer, then by looking at the copy in all the other computers. The changed copy is returned to the correct one.
If you want, you can open a mining center at home, you can also use your computer for bitcoin mining. For mining you have to choose any one mining platform. Below I have listed some of the bitcoin mining software that you can use for bitcoin mining.
- CG miner
- Bfg minor
- Multi miner
- Awesome miner
When you do bitcoin mining, you also get some bitcoins in return, it is not possible to tell clearly how many bitcoins you will get because the price of the reward according to the value of bitcoin also keeps on increasing.
If you want, you can also start mining at home, many people started bitcoin mining and have earned a lot of money. For mining, you have to purchase a large amount of graphic cards and start mining by connecting them with your computer. If you want to do more research about it, then you can watch it on YouTube because it is a very long and wide concept.
What is the difference between Currency and Cryptocurrency
Indian Rupee is a currency, any currency is the currency of any country, but bitcoin is a type of cryptocurrency. Cryptocurrency can also mean digital currency.
There is no note of cryptocurrency, the way you can see a dollar or rupee note, in the same way you will not be able to see a note of bitcoin, it is a type of digital currency that works on the technology of Blockchain.
The value of currency may be more or less due to fluctuations in the country, but because cryptocurrency is the currency of the Internet, it cannot be of any one country, here the main reason for the fluctuation is its demand.
Advantages and disadvantages of working on bitcoin
Just as a coin has two sides, in the same way Bitcoin also has advantages and disadvantages, let’s discuss the advantages and disadvantages of Bitcoin one by one.
Advantages of Bitcoin
- Bitcoin is a digital currency working on the Blockchain, so in terms of security, cryptocurrency is considered at the top.
- It is impossible to track cryptocurrency.
- You do not need any ID to buy Bitcoin.
- If you want to keep your money safe or keep it hidden from others then Bitcoin is the best option.
Disadvantages of Bitcoin
- There have also been a lot of frauds due to bitcoin because hackers get money in bitcoin so that it cannot be tracked who got the money and where.
- Bitcoin is a very liquid currency, here the fluctuations are very high, so the risk of losing money is very high.
- It takes more time to do transaction in Bitcoin than normal bank transaction, because the process of transaction here is very long.
- It is very difficult to accept payment in Bitcoin in places like restaurants and shopping malls.
how much money can be made from bitcoin
There is no limit to earn money in bitcoin, it depends on your investment mind and investment plan how much money you will earn. If you do mining in bitcoin, then it depends on your processing speed, how much bitcoin you mine because the more bitcoin you mine, the more will be your earning.
So now you must have come to know how to earn money from bitcoin 2022 how did you like this article today, if you liked the information, then do not forget to share it with your close friends. If you want to get any more information about Bitcoin, then you can ask by commenting, we will try to answer your question by replying immediately. Hope you liked the article, see you in a new article with a new topic.