Saturday, December 12, 2015
Earn Bitcoins from gambling - not suitable for everyone
To be honest, I'm not a big friend of gambling. But it is a way to earn Bitcoins so in order to make this list complete it needs to be mentioned here. However, I won't list any links to gambling sites here. It's fairly easy to research them if you are interested. And if you clicked on some of the above links you probably already came across some Bitcoin gambling sites.
Earn Bitcoins as a regular income
Getting your monthly paycheck in Bitcoins is probably the steadiest way to earn Bitcoins. There aren't many organizations who would pay you in Bitcoins but there are some at least. And maybe there will be more as acceptance increases continuously. Gavin Andresen, core Bitcoin developer of the Bitcoin Foundation stated in this interview that he gets paid in Bitcoins. And chances are, that when your employer accepts Bitcoins they might be willing to pay you in Bitcoin, too.
Apart from being employed by a company or a non-profit you can be self-employed and get paid in Bitcoins. Being a freelancer has multiple advantages. You can for example earn Bitcoins conveniently from home by participating in this bitcoin affiliate program.
You can also work from home for others. Here is a list of sites where you can search job offers or where you can post an offer yourself. It's a very convenient way to earn Bitcoins, because many jobs can be completed from home.
WorkForBitcoin is a site where you can do both, post job listings and search available listings. Many of the listed open jobs are related to programming. But there are also other fields and it's worth checking if there is something you are interested in doing.
Bitcointalk Forum Services Section is another starting point to look for job listings that are paid in Bitcoins. Some of the jobs are done easily within a short amount of time so it's a good way to earn Bitcoins quickly.
Jobs 4 Bitcoins on reddit has a focus on job listings for programmers. But again, it's not purely programming and it's definitely worthwile to browse through the different offers.
BitGigs is an online job board with many diverse job offers. The variety is reall amazing so go check it out.
Coinality has a different approach by not simply listing jobs where you can earn Bitcoins, but displaying them on a map. This comes in handy when you are interested in a local job somewhere near you. The number of listings could be higher but when it keeps growing it will become more interesting.
XBTFreelancer is another job board for gigs that are paid in Bitcoin. These jobs are mostly also software related. If you have programming or other IT related skills it is therefore probaly easiest for you to earn Bitcoins with your experise.
Then of course, you can start your own Bitcoin related business and earn Bitcoins this way. Either as a fully fletched business of goods or services or you could run a website and place ads from CoinURL. If you want to start or already have a brick and mortar shop check out the earn Bitcoins downloads. The flyer shows you, how easy it is to integrate Bitcoins payments in your shop.
Apart from being employed by a company or a non-profit you can be self-employed and get paid in Bitcoins. Being a freelancer has multiple advantages. You can for example earn Bitcoins conveniently from home by participating in this bitcoin affiliate program.
You can also work from home for others. Here is a list of sites where you can search job offers or where you can post an offer yourself. It's a very convenient way to earn Bitcoins, because many jobs can be completed from home.
WorkForBitcoin is a site where you can do both, post job listings and search available listings. Many of the listed open jobs are related to programming. But there are also other fields and it's worth checking if there is something you are interested in doing.
Bitcointalk Forum Services Section is another starting point to look for job listings that are paid in Bitcoins. Some of the jobs are done easily within a short amount of time so it's a good way to earn Bitcoins quickly.
Jobs 4 Bitcoins on reddit has a focus on job listings for programmers. But again, it's not purely programming and it's definitely worthwile to browse through the different offers.
BitGigs is an online job board with many diverse job offers. The variety is reall amazing so go check it out.
Coinality has a different approach by not simply listing jobs where you can earn Bitcoins, but displaying them on a map. This comes in handy when you are interested in a local job somewhere near you. The number of listings could be higher but when it keeps growing it will become more interesting.
XBTFreelancer is another job board for gigs that are paid in Bitcoin. These jobs are mostly also software related. If you have programming or other IT related skills it is therefore probaly easiest for you to earn Bitcoins with your experise.
Then of course, you can start your own Bitcoin related business and earn Bitcoins this way. Either as a fully fletched business of goods or services or you could run a website and place ads from CoinURL. If you want to start or already have a brick and mortar shop check out the earn Bitcoins downloads. The flyer shows you, how easy it is to integrate Bitcoins payments in your shop.
Earn Bitcoins through trading
Some people would say that trading is a form of gambling. While there these two things have something in common, there are also fundamental differences. When you gamble (and assuming that it's a fair game) you have a certain probability of winning and losing. When you trade assets, this gets much more complex. I don't want to go into too much detail here. I just want to outline the concept how you can earn Bitcoins with trading.
The safest way to make money with trading is through arbitrage. In short, this means that you see an opportunity to buy an asset in one place for a certain price and sell it immediately at another place for a higher price. It is important that you know you can sell the asset immediately at a certain price. If this does not hold, then we are talking of speculation - or gambling if you prefer.
The Bitcoin world, in my opinion offers such arbitrage opportunities. But they are not as simple to execute as it might seem at first sight. Price differences between exchanges often come for certain reasons. The speed of fiat money transfers and access restrictions are just the most striking ones. You have to find out the concrete opportunities yourself. One place to start is this thread on Bitcoin StackExchange. Also, not every opportunity is available to everyone. Go and have a look at the price differences between exchanges and check out if you can find opportunities.
If you want to give arbitrage a try, you need to get Bitcoins almost instantly. One of the few sites where you don't need to sign up is bit4coin. If you spot an opportunity and want to act on it immediately, this is a way to get a hold of Bitcoins fast. If you manage to earn Bitcoins from arbitrage, this can be very profitable after all. But start cautiously as it really does require some experience.
The other way to earn Bitcoins from trading is simple speculation. In this case you would buy Bitcoins, wait until the price increases, then sell for a fiat currency. When the price drops again, you buy more Bitcoins and start all over. For this to work out you either need to be very lucky or capable of predicting the future.
There are people who are good traders and who can recognize patterns from price charts. But that's something very specialized and I'm not sure if I believe in this. So for me, if you want to earn Bitcoins from this form of trading it could also be categorized as gambling. And actually it's even more risky if you compare it to a fair game where you know your odds. When you speculate with assets, you can extract your odds from historical prices. But never start believing this would tell you something about the future reliably.
The safest way to make money with trading is through arbitrage. In short, this means that you see an opportunity to buy an asset in one place for a certain price and sell it immediately at another place for a higher price. It is important that you know you can sell the asset immediately at a certain price. If this does not hold, then we are talking of speculation - or gambling if you prefer.
The Bitcoin world, in my opinion offers such arbitrage opportunities. But they are not as simple to execute as it might seem at first sight. Price differences between exchanges often come for certain reasons. The speed of fiat money transfers and access restrictions are just the most striking ones. You have to find out the concrete opportunities yourself. One place to start is this thread on Bitcoin StackExchange. Also, not every opportunity is available to everyone. Go and have a look at the price differences between exchanges and check out if you can find opportunities.
If you want to give arbitrage a try, you need to get Bitcoins almost instantly. One of the few sites where you don't need to sign up is bit4coin. If you spot an opportunity and want to act on it immediately, this is a way to get a hold of Bitcoins fast. If you manage to earn Bitcoins from arbitrage, this can be very profitable after all. But start cautiously as it really does require some experience.
The other way to earn Bitcoins from trading is simple speculation. In this case you would buy Bitcoins, wait until the price increases, then sell for a fiat currency. When the price drops again, you buy more Bitcoins and start all over. For this to work out you either need to be very lucky or capable of predicting the future.
There are people who are good traders and who can recognize patterns from price charts. But that's something very specialized and I'm not sure if I believe in this. So for me, if you want to earn Bitcoins from this form of trading it could also be categorized as gambling. And actually it's even more risky if you compare it to a fair game where you know your odds. When you speculate with assets, you can extract your odds from historical prices. But never start believing this would tell you something about the future reliably.
Earn Bitcoins by getting tipped
When you earn Bitcoins through tips, it is much like accepting Bitcoin as a means of payment. You need a wallet, a QR-code with your Bitcoin address on it and the people who can potentially give you a tip need to be aware of it. There are various places where you can receive Bitcoin tips.
Again, your shop is the first thing to start with in case you have one. It's just a bit simpler because since tips are voluntary you don't really need to check the incoming payment and the exact amount. Simply display the QR-code and check each day what came in.
With tips, the nice thing is that you don't necessarily need to have a shop. A blog for instance or any other website is sufficient. You can display the QR-code or just your Bitcoin address at the bottom of your page or wherever it seems convenient and let people decide how much they want to tip you. You can also view how this looks like in the footer of this German blog bitcoins21.
Another really cool way to get tipped online is ChangeTip. This service allows you to integrate tips on all major social networks, YouTube and GitHub. Very nice!
Imagine you have a restaurant and want to encourage your customers to tip with Bitcoins, there is this nice service: bctip is a website where you can print little paper vouchers that have a certain Bitcoin balance on them. When your customer has one of these, he or she can simply give it to you or your employees and you can redeem it like a coupon.
Again, your shop is the first thing to start with in case you have one. It's just a bit simpler because since tips are voluntary you don't really need to check the incoming payment and the exact amount. Simply display the QR-code and check each day what came in.
With tips, the nice thing is that you don't necessarily need to have a shop. A blog for instance or any other website is sufficient. You can display the QR-code or just your Bitcoin address at the bottom of your page or wherever it seems convenient and let people decide how much they want to tip you. You can also view how this looks like in the footer of this German blog bitcoins21.
Another really cool way to get tipped online is ChangeTip. This service allows you to integrate tips on all major social networks, YouTube and GitHub. Very nice!
Imagine you have a restaurant and want to encourage your customers to tip with Bitcoins, there is this nice service: bctip is a website where you can print little paper vouchers that have a certain Bitcoin balance on them. When your customer has one of these, he or she can simply give it to you or your employees and you can redeem it like a coupon.
Earn Bitcoins from mining
Bitcoin mining is the process by which new Bitcoins are generated. When you perfom mining, your computer adds new Bitcoin transactions to the block chain (a public ledger where all Bitcoin transactions are stored) and searches for new blocks. A block is a file that has the most recent Bitcoin transactions recorded in it. When your computer discovers a new block, you receive a certain number of Bitcoins. Currently a block contains BTC 25. This number changes throughout time and gets smaller by the factor 0.5 every four years.
Since bitcoin mining has become a hardware intense and therefore expensive process, most individual miners join a so called mining pool. One of the mining pools you can conect to is BitMinter for example. By providing computing power to their pool you can earn Bitcoins from mining without the need to build your own big mining farm. There are entire communities around Bitcoin mining and besides the fact that you earn Bitcoins it's also fun. You meet new people online and get in-depth knowledge about Bitcoin as a protocol and technology.
If you want to earn Bitcoins through mining, be aware that it is a costly and time consuming process. Read the respective introductions and manuals to learn more about it. This website is a good starting point. Unless you are mining just out of curiosity and want to get to know the technology, it is important to make a cost / benefit analysis. Hardware prices, electricity costs, bitcoin difficulty and the Bitcoin value influence the profitability of Bitcoin mining. If all this seems interesting to you and you want to earn Bitcoins from mining make your first calculations on the Mining Dashboard.
Since bitcoin mining has become a hardware intense and therefore expensive process, most individual miners join a so called mining pool. One of the mining pools you can conect to is BitMinter for example. By providing computing power to their pool you can earn Bitcoins from mining without the need to build your own big mining farm. There are entire communities around Bitcoin mining and besides the fact that you earn Bitcoins it's also fun. You meet new people online and get in-depth knowledge about Bitcoin as a protocol and technology.
If you want to earn Bitcoins through mining, be aware that it is a costly and time consuming process. Read the respective introductions and manuals to learn more about it. This website is a good starting point. Unless you are mining just out of curiosity and want to get to know the technology, it is important to make a cost / benefit analysis. Hardware prices, electricity costs, bitcoin difficulty and the Bitcoin value influence the profitability of Bitcoin mining. If all this seems interesting to you and you want to earn Bitcoins from mining make your first calculations on the Mining Dashboard.
Earn Bitcoins from interest payments %
If you already have some Bitcoins, put your Bitcoins to work for you. Earn Bitcoins through interest payments by lending them out.
Lend directly to someone you know. This allows you to assess personally, whether you regard the borrower as trustworthy. Then the two of you only need to agree on the terms like duration and interest rate and off you go. The drawback is, however, that you probably will not have too many acquaintances who match your amount, duration and interest rate requirements. But it's a nice way to earn Bitcoins.
Peer to peer Bitcoin lending websites with listings from various borrowers are another option. Bitbond is such a peer-to-peer lending site. Borrowers publish funding requests and you can contribute to their loan. You can fund small portions of many loans and thereby diversify default risk. Bitcoin loans usually work the same way as fiat currency loans. The borrower gets a certain amount of money over a specified time and repays the money with interest. There are two things you need to be aware of when you lend Bitcoins. The site needs to be trustworthy and the borrower needs to be trustworthy. When the site assesses the creditworthiness of their applicants the information given about borrowers can be more credible.
A Bitcoin banking like model. Here you place your Bitcoins as a deposit with a site that pays you a fixed interest rate on these deposits. As everything here, this method has advantages and disadvantages. The good thing is, that you don't need to diversify your Bitcoins over many borrowers. You just place your Bitcoins with your Bitcoin bank and that's it. You earn Bitcoins as a steady stream of interest income. However, be very careful. In the previous case of peer to peer lending you diversify your lending activity over many borrowers. In the banking model you trust one single borrower which is the bank. If they don't do a good job in managing your Bitcoins, everything can be lost at once. That's because the bank takes you deposits and invests them in assets, the most important assets usually being loans. If they do a good job you are fine because you simply collect the interest payment. If they don't do a good job you take the hit. An there is no deposit insurance in the Bitcoin world, too.
To sum it up, Bitcoin lending is a good way to make more Bitcoins from what you already have. And please notice this disclaimer: only lend through sites that you trust. Such sites will comply with the usual requirements that you expect from non-Bitcoin related sites as well. That means they have proper terms and conditions in place, they disclose their status of incorporation and contact details. Some sites in the Bitcoin world do not do this and in the end people wonder what happened to their Bitcoins. Therefore, when you earn Bitcoins from Bitcoin lending watch who you deal with and only use Bitcoins which you can afford to lose.
Lend directly to someone you know. This allows you to assess personally, whether you regard the borrower as trustworthy. Then the two of you only need to agree on the terms like duration and interest rate and off you go. The drawback is, however, that you probably will not have too many acquaintances who match your amount, duration and interest rate requirements. But it's a nice way to earn Bitcoins.
Peer to peer Bitcoin lending websites with listings from various borrowers are another option. Bitbond is such a peer-to-peer lending site. Borrowers publish funding requests and you can contribute to their loan. You can fund small portions of many loans and thereby diversify default risk. Bitcoin loans usually work the same way as fiat currency loans. The borrower gets a certain amount of money over a specified time and repays the money with interest. There are two things you need to be aware of when you lend Bitcoins. The site needs to be trustworthy and the borrower needs to be trustworthy. When the site assesses the creditworthiness of their applicants the information given about borrowers can be more credible.
A Bitcoin banking like model. Here you place your Bitcoins as a deposit with a site that pays you a fixed interest rate on these deposits. As everything here, this method has advantages and disadvantages. The good thing is, that you don't need to diversify your Bitcoins over many borrowers. You just place your Bitcoins with your Bitcoin bank and that's it. You earn Bitcoins as a steady stream of interest income. However, be very careful. In the previous case of peer to peer lending you diversify your lending activity over many borrowers. In the banking model you trust one single borrower which is the bank. If they don't do a good job in managing your Bitcoins, everything can be lost at once. That's because the bank takes you deposits and invests them in assets, the most important assets usually being loans. If they do a good job you are fine because you simply collect the interest payment. If they don't do a good job you take the hit. An there is no deposit insurance in the Bitcoin world, too.
To sum it up, Bitcoin lending is a good way to make more Bitcoins from what you already have. And please notice this disclaimer: only lend through sites that you trust. Such sites will comply with the usual requirements that you expect from non-Bitcoin related sites as well. That means they have proper terms and conditions in place, they disclose their status of incorporation and contact details. Some sites in the Bitcoin world do not do this and in the end people wonder what happened to their Bitcoins. Therefore, when you earn Bitcoins from Bitcoin lending watch who you deal with and only use Bitcoins which you can afford to lose.
Earn free Bitcoins by completing tasks on websites
There are many websites which offer you to earn free Bitcoins. With most of these sites, the concept is that you visit the site and just for looking at it you get a small amount of Bitcoins. The concept has something in common with watching good old free TV. You watch a lot of ads and inbetween you get something you actually want to see, like a film or music clips.
While this is a legitimate concept, the return on your invested time is very little. So when you earn Bitcoins from these advertising sites, the Bitcoins actually come at the cost of your time. As the saying goes 'there is no free lunch'. But see for yourself, here is a list of some of the sites that I find interesting
BitVisitor :: Earn Bitcoins for watching websites or videos. Every page is shown for five minutes. Then you can click 'Next' for confirmation and move on to the next page. What I like about this site is that payouts come within roughly an hour. This is a major advantage compared to other sites that pay Bitcoins for completing tasks. Also, you don't need an user account here, you just enter your Bitcoin address. The amount of Bitcoins you can earn here is limited though. Per five minutes you get something like µBTC 100 (that's 100 microcoins or BTC 0.00001) which means that your hourly payout is something like BTC 0.00012. That's not too much money but it is a start to make you first Satoshis and get familiar with Bitcoin. And note, payout per five minute period varies. So the above calculation only holds if the average payout per five minutes is µBTC 100.
freedigitalmoney.com :: Earn Bitcoins by getting rewards fo purchases made in Bitcoin. On this site you also don't need a user account and just have to enter your Bitcoin address to earn Bitcoins.
CoinWorker :: Earn Bitcoins by completing analytical tasks. A user account is required here. I haven't tried this service but payouts seem to be a bit higher than with the aforementioned sites.
Bitfortip :: Earn Bitcoins by answering forum questions. This is a nice service because it brings people together who are interested in Bitcoin and many other topics. At the same time it allows to pay rewards in bitcoin for answering questions. This is something that would not have been possible without a currency like Bitcoin that has low transaction fees and instant transfers
Earning Bitcoins from completing tasks on websites is a viable option to actually earn some Bitcoins, but don't expect your income to be very large. I regard it as a first step to get familiar with Bitcoin in general. Also, it is interesting to see what kind of services are enabled through frictionless money transfers.
While this is a legitimate concept, the return on your invested time is very little. So when you earn Bitcoins from these advertising sites, the Bitcoins actually come at the cost of your time. As the saying goes 'there is no free lunch'. But see for yourself, here is a list of some of the sites that I find interesting
BitVisitor :: Earn Bitcoins for watching websites or videos. Every page is shown for five minutes. Then you can click 'Next' for confirmation and move on to the next page. What I like about this site is that payouts come within roughly an hour. This is a major advantage compared to other sites that pay Bitcoins for completing tasks. Also, you don't need an user account here, you just enter your Bitcoin address. The amount of Bitcoins you can earn here is limited though. Per five minutes you get something like µBTC 100 (that's 100 microcoins or BTC 0.00001) which means that your hourly payout is something like BTC 0.00012. That's not too much money but it is a start to make you first Satoshis and get familiar with Bitcoin. And note, payout per five minute period varies. So the above calculation only holds if the average payout per five minutes is µBTC 100.
freedigitalmoney.com :: Earn Bitcoins by getting rewards fo purchases made in Bitcoin. On this site you also don't need a user account and just have to enter your Bitcoin address to earn Bitcoins.
CoinWorker :: Earn Bitcoins by completing analytical tasks. A user account is required here. I haven't tried this service but payouts seem to be a bit higher than with the aforementioned sites.
Bitfortip :: Earn Bitcoins by answering forum questions. This is a nice service because it brings people together who are interested in Bitcoin and many other topics. At the same time it allows to pay rewards in bitcoin for answering questions. This is something that would not have been possible without a currency like Bitcoin that has low transaction fees and instant transfers
Earning Bitcoins from completing tasks on websites is a viable option to actually earn some Bitcoins, but don't expect your income to be very large. I regard it as a first step to get familiar with Bitcoin in general. Also, it is interesting to see what kind of services are enabled through frictionless money transfers.
Earn Bitcoins by accepting them as a means of payment
In my opinion, the best and easiest way to earn Bitcoins is to accept them as a means of payment. If you have a small business, the integration is done quickly and easily. No matter if you have a brick and mortar shop or an online business, no matter if you sell goods or services. You just have to complete the following three steps:
Get a free online Bitcoin wallet from Coinbase. If you're not sure what a Bitcoin wallet is, check out my What is Bitcoin section. There are also many other providers apart from Coinbase. When you sign up with LocalBitcoins you will also get a free bitcoin wallet with a broad range of functions. Find out which works best for you. And remember, no wallet is absolutely safe, so be careful with your money. Especially make sure you keep your Bitcoins stored safely in at least 2 or 3 different places.
bitcoin wallet image
Display a QR-code with your Bitcoin address next to your cash register. There are two options here.
When you have your wallet, go to a section that says 'Receive Money' or 'Add funds' or something similar. There will usually be a QR-code that has your Bitcoin address encoded in it. Print out the image with the QR-code and place it next to your cash register. Your customers will typically have a Bitcoin app installed on their smartphone where they can enter the value of the purchase in USD or EUR. Their app calculates the corresponding Bitcoin value. It automatically takes the current exchange rate to get the right amount. On your wallet account you can check the confirmation of your incoming payment.
Some wallets offer a 'Receive Money' functionality. When you earn Bitcoins by accepting them as a payment method on a more regular basis it comes in handy when you use a button called 'Create Payment Request'. Here you enter the Bitcoin amount the customer has to pay and it will show the corresponding QR-code automatically. This way the customer doesn't need to enter an amount which makes the payment for them more convenient. For this method you need to calculate the Bitcoin amount from your USD or EUR price before you can enter it for the QR-code to generate.
sample bitcoin address qr-code
Display the 'Bitcoin accepted here' logo at the entrance to your shop to show everybody your innovative payment integration. You will find a printable version of the logo plus a free guide under Downloads.
bitcoin accpted here logo small
That's it. It's so easy, start to earn Bitcoins by selling goods and services today! This is just a quick description how to earn Bitcoins by accepting them as a means of payment. These links are also helpful:
How to accept Bitcoin, for small businesses includes more info for online businesses
The Bitcoin Wiki Trade page shows you which other businesses already accept Bitcoin. Add your shop here to get more publicity
Coinmap is an OpenStreetMap where you can see the geographical distribution of Bitcoin accepting businesses. Add your shop here as well
There are many other lists and indexes where you can add your shop. I find the two mentioned ones to work best so far. If you have one that you think is really good and complete, contact me. I will be happy to add other links here.
Get a free online Bitcoin wallet from Coinbase. If you're not sure what a Bitcoin wallet is, check out my What is Bitcoin section. There are also many other providers apart from Coinbase. When you sign up with LocalBitcoins you will also get a free bitcoin wallet with a broad range of functions. Find out which works best for you. And remember, no wallet is absolutely safe, so be careful with your money. Especially make sure you keep your Bitcoins stored safely in at least 2 or 3 different places.
bitcoin wallet image
Display a QR-code with your Bitcoin address next to your cash register. There are two options here.
When you have your wallet, go to a section that says 'Receive Money' or 'Add funds' or something similar. There will usually be a QR-code that has your Bitcoin address encoded in it. Print out the image with the QR-code and place it next to your cash register. Your customers will typically have a Bitcoin app installed on their smartphone where they can enter the value of the purchase in USD or EUR. Their app calculates the corresponding Bitcoin value. It automatically takes the current exchange rate to get the right amount. On your wallet account you can check the confirmation of your incoming payment.
Some wallets offer a 'Receive Money' functionality. When you earn Bitcoins by accepting them as a payment method on a more regular basis it comes in handy when you use a button called 'Create Payment Request'. Here you enter the Bitcoin amount the customer has to pay and it will show the corresponding QR-code automatically. This way the customer doesn't need to enter an amount which makes the payment for them more convenient. For this method you need to calculate the Bitcoin amount from your USD or EUR price before you can enter it for the QR-code to generate.
sample bitcoin address qr-code
Display the 'Bitcoin accepted here' logo at the entrance to your shop to show everybody your innovative payment integration. You will find a printable version of the logo plus a free guide under Downloads.
bitcoin accpted here logo small
That's it. It's so easy, start to earn Bitcoins by selling goods and services today! This is just a quick description how to earn Bitcoins by accepting them as a means of payment. These links are also helpful:
How to accept Bitcoin, for small businesses includes more info for online businesses
The Bitcoin Wiki Trade page shows you which other businesses already accept Bitcoin. Add your shop here to get more publicity
Coinmap is an OpenStreetMap where you can see the geographical distribution of Bitcoin accepting businesses. Add your shop here as well
There are many other lists and indexes where you can add your shop. I find the two mentioned ones to work best so far. If you have one that you think is really good and complete, contact me. I will be happy to add other links here.
German Finance Suits Don't See a Big Future for Bitcoin
A representative survey covering a hundred CEOs and board members of financial companies in Germany has shown that financial executives aren’t enthused by bitcoin.
In a survey conducted by the German Association for Information Technology, Telecommunications and New Media or Bitkom -- a German trade association and think tank – 95% of those surveyed see digital currencies including Bitcoin to remain in the niche over the next decade.
Furthermore, 2% of the finance executives believe that the cryptocurrency will be an accepted mode of payment, in tandem with existing payment methods. The remaining 3% believe that bitcoin will be completely obsolete in ten years from now.
The results of the survey were revealed in a press release by Bitkom, whose banking and financial services head, Steffen von Blumröder, noted:
It’s possible that Bitcoin as its own currency could remain in the niche but the idea of the blockchain behind [Bitcoin] could [find] its way into our everyday payment [system] and accelerate the digitization of the financial sector. [Roughly translated]
The opinion of financial executives differs to that of a previous survey undertaken by Bitkom earlier this year. Targeting everyday citizens, the summer survey revealed 36% of Germans would be open to acquiring or adopting Bitcoin as a currency. That opinion rose to 53% of those surveyed who were between 14-29 years.
Also read: IMF Director Tells Banks: Do Not Worry about Bitcoin & Blockchain
The survey was revealed on December 3, a week ahead of Bitkom’s Hub Conference to be held in Berlin on December 10. The conference will also include those surveyed, with one of the conference subjects including bitcoins, the blockchain and the disruptive changes within the financial sector due to Fintech companies and startups.
Furthermore, three Fintech startups will also present their innovations to those attending the conference. Fintech is among the main topics of discussion and debate in the conference, to which Bitkom recently published a paper on the status quo of Fintech companies and start-ups in Germany.
In a survey conducted by the German Association for Information Technology, Telecommunications and New Media or Bitkom -- a German trade association and think tank – 95% of those surveyed see digital currencies including Bitcoin to remain in the niche over the next decade.
Furthermore, 2% of the finance executives believe that the cryptocurrency will be an accepted mode of payment, in tandem with existing payment methods. The remaining 3% believe that bitcoin will be completely obsolete in ten years from now.
The results of the survey were revealed in a press release by Bitkom, whose banking and financial services head, Steffen von Blumröder, noted:
It’s possible that Bitcoin as its own currency could remain in the niche but the idea of the blockchain behind [Bitcoin] could [find] its way into our everyday payment [system] and accelerate the digitization of the financial sector. [Roughly translated]
The opinion of financial executives differs to that of a previous survey undertaken by Bitkom earlier this year. Targeting everyday citizens, the summer survey revealed 36% of Germans would be open to acquiring or adopting Bitcoin as a currency. That opinion rose to 53% of those surveyed who were between 14-29 years.
Also read: IMF Director Tells Banks: Do Not Worry about Bitcoin & Blockchain
The survey was revealed on December 3, a week ahead of Bitkom’s Hub Conference to be held in Berlin on December 10. The conference will also include those surveyed, with one of the conference subjects including bitcoins, the blockchain and the disruptive changes within the financial sector due to Fintech companies and startups.
Furthermore, three Fintech startups will also present their innovations to those attending the conference. Fintech is among the main topics of discussion and debate in the conference, to which Bitkom recently published a paper on the status quo of Fintech companies and start-ups in Germany.
Bitcoin Price Heading Due East
No substantial change from yesterday, and the 1hr chart continues conforming to the indicator and MA conditions at the previous juncture circled in the chart.
One concern is that the 4hr 200MA is losing altitude - something it has not done for more than two months. This fact introduces some doubt as to what signal we're going to get once this sideways correction ends - will it be a buy or sell signal?
Another wave to the upside would look right in the chart, and the Average True Range (ATR) indicator (bottom) is approaching a support level from where price had pushed higer during the past few weeks. This may be the technical support that sees at least one more wave of advance pus to $440 (OKCoin) and 2750 CNY.
Summary
Bitcoin price is consolidating into the week leading up to the Fed's rates announcement. In the past week we've seen gold, the US dollar and the euro reverse prior trends, albeit temporarily. With the bitcoin market sometimes lagging - and at other times way ahead of - most market instruments, it's a tough call as to what the block chain's flagship is going to do next: lead or follow?
Bitfinex Depth Chart and Buy/Sell Volume
Selection_20151208_005
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What do readers think? Please comment below.
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Readers can follow Bitcoin price analysis updates every day on CCN.LA. A Global Economic Outlook report is published every Monday.
Disclaimer
The writer trades Bitcoin. Trade and Investment is risky. CCN.LA accepts no liability for losses incurred as a result of anything written in this Bitcoin price analysis report.
Bitcoin price charts from TradingView.
One concern is that the 4hr 200MA is losing altitude - something it has not done for more than two months. This fact introduces some doubt as to what signal we're going to get once this sideways correction ends - will it be a buy or sell signal?
Another wave to the upside would look right in the chart, and the Average True Range (ATR) indicator (bottom) is approaching a support level from where price had pushed higer during the past few weeks. This may be the technical support that sees at least one more wave of advance pus to $440 (OKCoin) and 2750 CNY.
Summary
Bitcoin price is consolidating into the week leading up to the Fed's rates announcement. In the past week we've seen gold, the US dollar and the euro reverse prior trends, albeit temporarily. With the bitcoin market sometimes lagging - and at other times way ahead of - most market instruments, it's a tough call as to what the block chain's flagship is going to do next: lead or follow?
Bitfinex Depth Chart and Buy/Sell Volume
Selection_20151208_005
Click here for the CCN.LA interactive bitcoin price chart.
What do readers think? Please comment below.
This analysis is provided by xbt.social with a 3-hour delay. Read the full analysis here. Not a member? Join now and receive a $29 discount using the code CCN29.
Readers can follow Bitcoin price analysis updates every day on CCN.LA. A Global Economic Outlook report is published every Monday.
Disclaimer
The writer trades Bitcoin. Trade and Investment is risky. CCN.LA accepts no liability for losses incurred as a result of anything written in this Bitcoin price analysis report.
Bitcoin price charts from TradingView.
5 Ways to Get Free Bitcoins
Do you wonder where you can get some free bitcoins? For many of us, the discovery of Bitcoin is like the discovery of organic foods. We can see the benefits of using them but find it difficult to justify the cost, and then there is the risk that we'll be getting a bad deal since we don't know what we're doing.
In Bitcoin, it's like every organic food store has someone out front, offering free samples. Also, there's a library everywhere you look, but only a few of those libraries have any good information. The largest traders would benefit a great deal if everyone just jumped blindly into Bitcoin, investing large chunks of their life savings in the process. That would be just fine by them, but it's unlikely to happen. More likely, people are going to get involved with Bitcoin either by necessity, by chance or because someone was willing to give them a few bitcoins to get started with.
Now, before we begin discussing the places out there to get free Bitcoin, let's just be clear: there is no good way to get wealthy without working or investing for it. It is impossible to make a good income in bitcoins or any other currency just by clicking around on some websites. However, that being said, cryptocurrencies are unique in that clever marketers can make a profit doing exactly that, giving away money. This would not be possible in other currencies, where they simply can't be broken down small enough. The operator will usually make less than a penny. If they were forced to give you a penny or more, there'd be no way to be profitable.
Good Ways to Get Free Bitcoins Online
1. The CCN Bitcoin Faucet
CCN recently started our own bitcoin faucet, with the goal of introducing our readers to bitcoins by letting them experience the currency directly, for free. In comparison to other faucets, ours pays slightly higher, with up to 0.0001 bitcoins, or 10 000 satoshis, every 5 minutes and almost no advertising. Advertising is one thing you'll have to deal with if you're delving into the world of Bitcoin faucets, as they almost all have a great deal of it. Finding a faucet like ours, where there is little advertising, will seem a blessing after you've cruised some faucets for awhile.
2. Coin Flapper
This game for Android devices is a fun way to earn free Bitcoin in your idle hours. Based on Flappy Birds, the crazy popular game of a couple years ago, the game awards you based on how you do in a tournament against other flappers. If you win, you get 0.000006 BTC, and you are allowed to play 200 free games per day. The producer, Bitplay.Today also has a "pro" version of Coin Flapper that allows users to pay a small fee and earn bigger prizes (up to 0.003 instead of 0.000006).
free-bitcoin-coin-flapper-android-game
3. Read Books
Readers may remember CCN's coverage of PaidBooks.com, a site run by the friendly folks behind Bitcoin Aliens. It has the same functionality as a regular faucet, but instead pays users for reading classic books. It is one of the more interesting and engaging methods of giving away free money, as it gives the user the opportunity to engage in more ways than simply getting around a CAPTCHA and pressing a couple of buttons.
4. Play Dice
Most dice websites allow the user to have a free balance to play with, albeit a very small amount. Examples of sites that do this are PrimeDice and 999Dice. Whether you'll be able to play the actual games depends on your jurisdiction, though you can often withdraw the money you've earned for free regardless of where you live. It is possible to research dice strategies and take the free amount and turn it into a substantial amount of money if you're willing to invest the time. The author once took a 0.000005 faucet payout and turned it into .1 BTC, which was over $30 at the time.
5. Other Bitcoin Faucets
There are some large and reputable faucets that have consistently made their payouts for a long time. A few that make such a list are Free Bitcoin, Bitcoin Zebra, and Moon Bitcoin. To find a long list of faucets, visit Land of Bitcoin.
As you can see, cryptocurrency enables marketers to give away the ultimate freebie in the modern age: money. While you would have to spend a significant amount of time to get actual value out of faucet visitation, it does present a chance to become fully immersed in how Bitcoin transactions work.
In Bitcoin, it's like every organic food store has someone out front, offering free samples. Also, there's a library everywhere you look, but only a few of those libraries have any good information. The largest traders would benefit a great deal if everyone just jumped blindly into Bitcoin, investing large chunks of their life savings in the process. That would be just fine by them, but it's unlikely to happen. More likely, people are going to get involved with Bitcoin either by necessity, by chance or because someone was willing to give them a few bitcoins to get started with.
Now, before we begin discussing the places out there to get free Bitcoin, let's just be clear: there is no good way to get wealthy without working or investing for it. It is impossible to make a good income in bitcoins or any other currency just by clicking around on some websites. However, that being said, cryptocurrencies are unique in that clever marketers can make a profit doing exactly that, giving away money. This would not be possible in other currencies, where they simply can't be broken down small enough. The operator will usually make less than a penny. If they were forced to give you a penny or more, there'd be no way to be profitable.
Good Ways to Get Free Bitcoins Online
1. The CCN Bitcoin Faucet
CCN recently started our own bitcoin faucet, with the goal of introducing our readers to bitcoins by letting them experience the currency directly, for free. In comparison to other faucets, ours pays slightly higher, with up to 0.0001 bitcoins, or 10 000 satoshis, every 5 minutes and almost no advertising. Advertising is one thing you'll have to deal with if you're delving into the world of Bitcoin faucets, as they almost all have a great deal of it. Finding a faucet like ours, where there is little advertising, will seem a blessing after you've cruised some faucets for awhile.
2. Coin Flapper
This game for Android devices is a fun way to earn free Bitcoin in your idle hours. Based on Flappy Birds, the crazy popular game of a couple years ago, the game awards you based on how you do in a tournament against other flappers. If you win, you get 0.000006 BTC, and you are allowed to play 200 free games per day. The producer, Bitplay.Today also has a "pro" version of Coin Flapper that allows users to pay a small fee and earn bigger prizes (up to 0.003 instead of 0.000006).
free-bitcoin-coin-flapper-android-game
3. Read Books
Readers may remember CCN's coverage of PaidBooks.com, a site run by the friendly folks behind Bitcoin Aliens. It has the same functionality as a regular faucet, but instead pays users for reading classic books. It is one of the more interesting and engaging methods of giving away free money, as it gives the user the opportunity to engage in more ways than simply getting around a CAPTCHA and pressing a couple of buttons.
4. Play Dice
Most dice websites allow the user to have a free balance to play with, albeit a very small amount. Examples of sites that do this are PrimeDice and 999Dice. Whether you'll be able to play the actual games depends on your jurisdiction, though you can often withdraw the money you've earned for free regardless of where you live. It is possible to research dice strategies and take the free amount and turn it into a substantial amount of money if you're willing to invest the time. The author once took a 0.000005 faucet payout and turned it into .1 BTC, which was over $30 at the time.
5. Other Bitcoin Faucets
There are some large and reputable faucets that have consistently made their payouts for a long time. A few that make such a list are Free Bitcoin, Bitcoin Zebra, and Moon Bitcoin. To find a long list of faucets, visit Land of Bitcoin.
As you can see, cryptocurrency enables marketers to give away the ultimate freebie in the modern age: money. While you would have to spend a significant amount of time to get actual value out of faucet visitation, it does present a chance to become fully immersed in how Bitcoin transactions work.
Guidelines Automotive Interior Hygiene
To ensure the health of you and your family, often the automotive interior hygiene is essential. However, not everyone knows the steps taken this cleaning procedures. So, you need to take what jobs? Please continue to monitor the entries to find the answers offline!
Guidelines automotive interior hygiene
Vacuuming
The first task you need to do is ensure automobile interior space is always clean by regularly vacuuming in every corner, from the door, the seat to the floor … To ensure no overlook a small area, use a vacuum cleaner or brush to suction and brush from the drive first, then side to side, back seat and floor.
Cleaning roof
After finishing work vacuuming, the next task in cleaning procedures are car interior cleaning car ceiling using chemical wipes and in 2 ways:
– Spray the stain chemical into the ceiling, then use the cleaning wipes.
– Spray the chemical on a towel and use the towel to clean the roof.
Cleaning the panel and taplo
Need careful hygiene dashboard, glove compartment, steering wheel because the area is estimated to contain dust.
Cleaning the seat
When cleaning the seats, it should be noted, with each different materials need to use different chemicals to ensure product reliability. Maintenance leather chairs to ensure shine and elasticity. This work is often used with specialty chemicals.
Cleaning door, trunk
Need to clean and clean the door gasket with a clean towel and cleaning fluid. Cleaning every corner of the trunk using a vacuum cleaner.
Cleaning floor
Depending on the material the floor you should use the appropriate chemicals.
– Leather floors: Use special chemicals, brushes and cloths for cleaning.
– Flooring Felt: Using chemicals, brushes, vacuum cleaners to achieve high efficiency.
Check the entire interior of the car
After completing the steps above, you should check out the whole interior of the vehicle to be sure not miss any of the details. Especially note the appropriate chemical problems with materials to ensure longevity for equipment and furniture.
Guidelines automotive interior hygiene
Vacuuming
The first task you need to do is ensure automobile interior space is always clean by regularly vacuuming in every corner, from the door, the seat to the floor … To ensure no overlook a small area, use a vacuum cleaner or brush to suction and brush from the drive first, then side to side, back seat and floor.
Cleaning roof
After finishing work vacuuming, the next task in cleaning procedures are car interior cleaning car ceiling using chemical wipes and in 2 ways:
– Spray the stain chemical into the ceiling, then use the cleaning wipes.
– Spray the chemical on a towel and use the towel to clean the roof.
Cleaning the panel and taplo
Need careful hygiene dashboard, glove compartment, steering wheel because the area is estimated to contain dust.
Cleaning the seat
When cleaning the seats, it should be noted, with each different materials need to use different chemicals to ensure product reliability. Maintenance leather chairs to ensure shine and elasticity. This work is often used with specialty chemicals.
Cleaning door, trunk
Need to clean and clean the door gasket with a clean towel and cleaning fluid. Cleaning every corner of the trunk using a vacuum cleaner.
Cleaning floor
Depending on the material the floor you should use the appropriate chemicals.
– Leather floors: Use special chemicals, brushes and cloths for cleaning.
– Flooring Felt: Using chemicals, brushes, vacuum cleaners to achieve high efficiency.
Check the entire interior of the car
After completing the steps above, you should check out the whole interior of the vehicle to be sure not miss any of the details. Especially note the appropriate chemical problems with materials to ensure longevity for equipment and furniture.
Earn Bitcoin With PTC
Here are the BEST Pay-to-Click networks for earning Bitcoins simply by clicking ads, viewing websites and videos. Next to faucets, Bitcoin PTC sites are the fastest way to start getting Bitcoins for little effort.
The best part is, you can refer new users through each site and earn commissions of referral clicks. After awhile, these earnings really start to add up with more and more Bitcoins.
Coin Adder
Get Bitcoins for clicking Ads, viewing Bitcoin websites and videos. Receive 500 Satoshis just for signing up! Earn 10% affiliate commissions for all direct referrals.
Payouts: 50 Satoshi per Click
BTC Clicks
Earn Bitcoins for Viewing websites and other Bitcoin-related advertisements. Top-rated Pay2Click site for Bitcoins with instant payouts and excellent bonus structure.
Payouts: Instant
BTC Vic
Earn Bitcoins for clicking advertisements and viewing websites. Free to join and earn BTC plus referral program.
Payouts: Varies
The best part is, you can refer new users through each site and earn commissions of referral clicks. After awhile, these earnings really start to add up with more and more Bitcoins.
Coin Adder
Get Bitcoins for clicking Ads, viewing Bitcoin websites and videos. Receive 500 Satoshis just for signing up! Earn 10% affiliate commissions for all direct referrals.
Payouts: 50 Satoshi per Click
BTC Clicks
Earn Bitcoins for Viewing websites and other Bitcoin-related advertisements. Top-rated Pay2Click site for Bitcoins with instant payouts and excellent bonus structure.
Payouts: Instant
BTC Vic
Earn Bitcoins for clicking advertisements and viewing websites. Free to join and earn BTC plus referral program.
Payouts: Varies
Earn Bitcoins Through Trading
Some people would say that trading is a form of gambling. While there these two things have something in common, there are also fundamental differences. When you gamble (and assuming that it’s a fair game) you have a certain probability of winning and losing. When you trade assets, this gets much more complex. I don’t want to go into too much detail here. I just want to outline the concept how you can earn Bitcoins with trading.
The safest way to make money with trading is through arbitrage. In short, this means that you see an opportunity to buy an asset in one place for a certain price and sell it immediately at another place for a higher price. It is important that you know you can sell the asset immediately at a certain price. If this does not hold, then we are talking of speculation – or gambling if you prefer.
The Bitcoin world, in my opinion offers such arbitrage opportunities. But they are not as simple to execute as it might seem at first sight. Price differences between exchanges often come for certain reasons. The speed of fiat money transfers and access restrictions are just the most striking ones. You have to find out the concrete opportunities yourself. One place to start is this thread on Bitcoin StackExchange. Also, not every opportunity is available to everyone. Go and have a look at the price differences between exchanges and check out if you can find opportunities.
If you want to give arbitrage a try, you need to get Bitcoins almost instantly. One of the few sites where you don’t need to sign up is bit4coin. If you spot an opportunity and want to act on it immediately, this is a way to get a hold of Bitcoins fast. If you manage to earn Bitcoins from arbitrage, this can be very profitable after all. But start cautiously as it really does require some experience.
The other way to earn Bitcoins from trading is simple speculation. In this case you would buy Bitcoins, wait until the price increases, then sell for a fiat currency. When the price drops again, you buy more Bitcoins and start all over. For this to work out you either need to be very lucky or capable of predicting the future.
There are people who are good traders and who can recognize patterns from price charts. But that’s something very specialized and I’m not sure if I believe in this. So for me, if you want to earn Bitcoins from this form of trading it could also be categorized as gambling. And actually it’s even more risky if you compare it to a fair game where you know your odds. When you speculate with assets, you can extract your odds from historical prices. But never start believing this would tell you something about the future reliably.
The safest way to make money with trading is through arbitrage. In short, this means that you see an opportunity to buy an asset in one place for a certain price and sell it immediately at another place for a higher price. It is important that you know you can sell the asset immediately at a certain price. If this does not hold, then we are talking of speculation – or gambling if you prefer.
The Bitcoin world, in my opinion offers such arbitrage opportunities. But they are not as simple to execute as it might seem at first sight. Price differences between exchanges often come for certain reasons. The speed of fiat money transfers and access restrictions are just the most striking ones. You have to find out the concrete opportunities yourself. One place to start is this thread on Bitcoin StackExchange. Also, not every opportunity is available to everyone. Go and have a look at the price differences between exchanges and check out if you can find opportunities.
If you want to give arbitrage a try, you need to get Bitcoins almost instantly. One of the few sites where you don’t need to sign up is bit4coin. If you spot an opportunity and want to act on it immediately, this is a way to get a hold of Bitcoins fast. If you manage to earn Bitcoins from arbitrage, this can be very profitable after all. But start cautiously as it really does require some experience.
The other way to earn Bitcoins from trading is simple speculation. In this case you would buy Bitcoins, wait until the price increases, then sell for a fiat currency. When the price drops again, you buy more Bitcoins and start all over. For this to work out you either need to be very lucky or capable of predicting the future.
There are people who are good traders and who can recognize patterns from price charts. But that’s something very specialized and I’m not sure if I believe in this. So for me, if you want to earn Bitcoins from this form of trading it could also be categorized as gambling. And actually it’s even more risky if you compare it to a fair game where you know your odds. When you speculate with assets, you can extract your odds from historical prices. But never start believing this would tell you something about the future reliably.
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