If you are looking for legit bitcoin business to do, you are in luck because this is a question been asked by many who are seeking additional income streams. Considering the financial risks that come from relying on one source of income, such as a job or a business, it is best to consider creating at least one or more additional streams to generate cash flow.
Early January, we reported on how bitcoin crossed the $1K price range and just five days after the network split early August, it crosses the $3k mark.
Now a week later the decentralized currency has continued to rise relentlessly and now commands a weighted average of $4,140 per BTC at the time of writing.
There are many opportunities available to start an online based income by sitting at home because the internet is the center of knowledge. Many people spend their time on Facebook, Twitter, Instagram, BBM, etc chatting their day away. You can use the same platforms to make money online. Today, I will share my experience with you and introduce you to 5 bitcoin businesses you should invest in right now.
Note: This article shouldn’t be taken as financial advisement as it represents my personal opinion and views. I have savings invested in winthrillsnetwork so take whatever I write with a grain of salt. Do not invest what you cannot afford to lose and always read as much as possible about a project before investing. Never forget: with great power, comes great responsibility. Being your own bank means you’re always responsible for your own money.
Bitcoin Business: Before You Begin
I’ll start out by saying that I’m no investment expert but throughout the year and half I’ve been dealing with Bitcoins I’ve gained some insight about the different options for investing. This post lists my own personal and uneducated opinion about Bitcoin investments – use it at your own risk.
Before you start investing in any form of bitcoin business, you will need to understand what bitcoin is. You will need a bitcoin wallet, similar to your bank account. Only, in this case, you are in total control in receiving, sending, or storing your bitcoin money. Also, you need to know about bitcoin price and how it’s relevant to bitcoin Investment today.
Learn how to Open a Bitcoin Account.
Now that you own a bitcoin wallet and knows how to fund it, below are the businesses you can invest in bitcoin.
Historically, people have found it difficult to save and plan their personal finances with traditional bank savings accounts; they thus lose out on the opportunity to build the foundation for a secured financial future. To help you focus on building wealth by earning great returns on your money, Paylater have created PayVest: a fixed-interest investment account, available now in the updated Paylater app! With annual interest rates of up to 15.5%*, you’ll struggle to find anything (legal) that matches PayVest’s return on investment. It’s comfortably above the inflation rate, thus ensuring you’re only ever earning money and not losing it. Single investments can range from ₦50,000 to ₦10 million. Read more here.
#2. Store Up Bitcoin Long Term
This option is as simple as it sounds. Buy as much Bitcoins as you can afford losing (don’t ever invest an amount you can’t afford to lose) and hold on to them until they reach a profitable target goal. For example, I bought my first Bitcoins when they were $120. Even if I sell them now I’d still be at a 350% profit. My personal opinion is that the price of Bitcoin will rise as it gets more and more mainstream so I prefer to use times like these when the price is low to buy and wait for at least a 20% profit before selling. You won’t find a better ROI (Return On Investment) anywhere else. However, you can also use FreeBitco to store your bitcoin long term and earn extra 4.08% annual interest on your balance.
iCenter generates income from various partners in the distinct areas of Crypto Mining, trading and exchange, Multi level Marketing, high-yield investment program (HYIP’s) and Arbitrage sports betting. By diversifying the investments thru various “partners”, the risk of failure gets minimized to a very insignificant percentage. However, the risk of this investment is high and so are the returns. iCenter will take your cryptocurrencies: BTC, ETH and LTC and invest them for profit in a diversified portfolio. Read more guide on it works.
#4. Waawu World
If you are tired of all the “make money online” hypes flying all around the internet? If you want to do something that’s worthwhile and make a lot of money in the nearest future, then this is for you. Here, you will learn about the various opportunities you can benefit from as a member of Waawu world. Waawu simply spreads investors’ capital across these multiple platform like,
- Real estate
- FOREX/CRYPTO trading
- IPO Market, etc
And by doing so, the company has been able to reduce risk to almost ZERO. Read more about waawu world here.
The fact is hard work never fails and yes, it is true. If you are giving to hard work, devotion and perseverance to your interest, then no one can stop you to get to your goal. Now that you know 4 bitcoin businesses you can do in 2017, imagine how much you will make monthly? $100, $1,000, $10,000? You can do more than that if you serious like me.