Bitcoin for broke noobs PDF

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BITCOIN FOR BROKE NOOBS

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A Brief Introduction to Cryptocurre Cryptocurrency ncy A cryptocurrency or cryptocoin is a digital currency which utilizes data encryption techniques to regulate the creation of currency and verify the transfer of funds without a central bank or “middle man”. Since 2019, Bitcoin and other various cryptocurrencies have exploded in popularity and value. Cryptocurrency markets are incredibly volatile but investing wisely with the correct coins has proven to be incredibly rewarding over the past couple years.

I N CL U DE D I N T H IS E - B OO K :

• How to open a wallet for Bitcoin and Alternate coins. • How to start earning Bitcoin o Mining, Faucets, and Gambling • How to properly invest your Bitcoin

Bitcoin for Broke Noobs – A Guide to earning Bitcoin with no investment

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Getting Started The next page or so (as well as of the earning methods, to an extent) are for those who are completely new to Bitcoin and Cryptocurrency as a whole. If you have experience with cryptocurrency, skip on to faucets or investment information.

Opening a wallet To get started with Bitcoin, you will first need to open a wallet. A wallet is a program that allows you to store your BTC or other cryptocurrencies such as Ethereum or Ripple. There are several different options when it comes to Bitcoin wallets, but the most popular are websites and wallets you can keep on your hard drive. To open an online wallet, create an account at https://www.blockchain.com/wallet Blockchain is an online wallet that allows you to store Bitcoin and Ethereum and is available on iOS and Android. To open a wallet on your computer, download Electrum at https://electrum.org/#home IMPORTANT: Do NOT lose your wallet ID. W Write rite it down ssomewhere omewhere and don’t forget where it is.

Bitcoin for Broke Noobs – A Guide to earning Bitcoin with no investment

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Earning your first cryptoc cryptocurrency urrency completely FREE Now that you have set up your wallet, you can start earning BTC and other various cryptocurrenices. There are tons of different ways to do this, but I’m going to introduce to you to a few methods that are 100% FREE and require zero investment MI NING ((please note mining is no longer the best method to earn. It is still possible, but you will not make as much. Mining can also

be harmful to your hardware and is not recommended)

Mining is the process that is used to generate cryptocurrencies. Computers (most commonly the GPU) are used to solve a series of complex equations to unlock the coin. Most of, if not all, mining is now done in mining pools where hundreds of users collaborate and are rewarded based on their computing power. A comprehensive list of the best coins to currently mine be found here. The easiest way to begin mining is with the mining client known as MinerGate. Minergate offers an easy-to- navigate interface and makes mining as easy as clicking a button. Not only does MinerGate make mining easy, it can also store some of your coins.

Bitcoin for Broke Noobs – A Guide to earning Bitcoin with no investment

5 F AU CE T S Faucets are by far the easiest and fastest way to earn BTC and other cryptocurrenices. A faucet is a website where get paid to view ads and clicking a claim button to get a set amount of satoshi (a satoshi is the smallest unit of Bitcoin currently recorded on the blockchain at one hundred millionth of a Bitcoin, or 0.00000001 BTC). That number may seem small and insignificant, but once you set up a few solid faucets and spend some time with them, you’ll be able to build up enough BTC to start investing. The Moon Faucets are arguably the best faucets online and are included in this guide. Below you can find a list of the best faucet sites: 1. Moon Faucets The moon faucets are some of the most well known and respected faucets online. You claim from the faucet when you want to, and you can earn passively with it. To use the Moon Faucets, you will need to create an online wallet at https://coinpot.co/ and link the faucets with the wallet.

Moonbit.co.in Bitcoin Faucet: Moonbit .co.in Bitcoin Cash Fauce t: Moonbitcoin.ca sh Faucet: Moonbitcoin.cash DASH Faucet: Moo ndash.co.in Moondash.co.in DogeCoin Faucet: M oondoge.co.in Moondoge.co.in Moonliteco.in Litecoin Faucet: Mo onliteco.in 2. Cointiply Cointiply is different from most faucets in the regard that it has other ways to earn BTC. If you’re feeling lucky you can try out their multiplier, and if you’re wanting to passively earn some BTC while you’re waiting to be able to claim from the faucet again, try out their offerwalls or videos. Both have decent payouts. If you plan on passively earning with their videos, only use the AdscendMedia tab.

http://cointiply.com

Bitcoin for Broke Noobs – A Guide to earning Bitcoin with no investment

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https://freebitco.in/?op=home#

Bitcoin for Broke Noobs – A Guide to earning Bitcoin with no investment

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Feeling lucky? Check out some faucet gambling sites. Faucet gambling sites are another great spot to earn some quick BTC. The best part is the fact that everything you gamble on the site comes from a faucet so you don’t have to deposit anything or lose any of your hard earned BTC. Some of these sites are not available in the United States, so I’ve compiled a list for the best gambling sites for the US only. If you have a VPN or don’t live in the US, check out Stake and Primedice! 1. DuckDice Duckdice is a unique cryptocurrency dice game providing pleasant pastime. DuckDice offers members to play provably fair dice and some bonus games. DuckDice features a faucet and regular “rains” meaning they also give random gifts of BTC.

https://duckdice.io/

2. Cointiply Cointiply was covered in the faucet tab, so I won’t be adding much of a description to this portion. Cointiply also features a Multiplier game that is quite useful, and super fun to earn some extra BTC with. Again, Cointiply features a faucet making all bets ‘free.’ Their multiplier is essentially just minesweeper. It’s fun!

2.

http://cointiply.com

Bitcoin for Broke Noobs – A Guide to earning Bitcoin with no investment

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Investing your Bit Bitcoin coin Now that you’ve developed quite the portfolio of cryptocurrencies, it’s time to make some serious money. To start investing and trading, you will need to register on a trading site such as Binance. Binance has an incredibly wide array of currencies available for trading and is simple to navigate. B UY LO W , S E LL H IG H The most common and most cliché term heard investing is the most helpful. Essentially, we’re going to take advantage of panic sellers. To do this, you must monitor the markets carefully and wait for large dips in price. Once they start to nosedive is once you can start to make some serious money. You can either buy on the decline or buy once you think the price has bottomed out. A key indicator of a coin bottoming out is when the rate of the price decreasing begins to slow down and variations in the volume of trades. I tested this method while looking at RSI graphs as well and it worked quite well. The best part? The BTC I invested into this coin was all gained using the methods above and took me around two weeks to obtain. Imagine the amount you can earn by investing larger amounts or spending more time with the offerwalls and faucets.

M ON I TO R T H E V O L UM E If you’re looking for quick turnaround on your trades, only focus on coins that show up within the top 100 https://coinmarketcap.com/. A coin not appearing on this list does not necessarily mean you will not make profit on it, it just means that you will have to hold your investment for a longer period before you can sell it for a decent profit. If you can find coins that are traded frequently and in high volume, you are far more likely to be able to day trade with it while still taking a decent profit to show for it.

PA Y A TT E NT I ON TO T HE RE S T O F T H E MA RK E T In general, is the market up or down? If everything is on a sharp decline, you may want to rethink investing and wait it out for a little while. If all currenc ies are decreasing in value, the market is likely going through a very strong correctional swing and it will be incredibly difficult to make any sort of return. This is essentially buying low and selling high on a much, much larger scale.

Bitcoin for Broke Noobs – A Guide to earning Bitcoin with no investment

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In conclusion If you spend enough time working with the offer walls, faucets, and other methods you can earn enough money to start investing into cryptocurrency. From there, all you need to do is make good investments and continue to scale it up. Soon enough, you will be making $50 trades several times a day! Moreover, there are tons of referral programs when it comes to BTC websites online. Find a good program and a good way to share it, and you’ll have even more BTC at your disposal to invest. Happy earnings!

Bitcoin for Broke Noobs – A Guide to earning Bitcoin with no investment...