How to earn passive income by trading Bitcoin

in #steemit4 years ago

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So you are interested in earning Bitcoin you say? Bitcoin always seems to find itself in the center of crypto attention Now having a value of well over $50k (as of this time of writing) Bitcoin has started to gain more traction with the public.

Interest in owning Bitcoin grew tremendously throughout this year, with even major corporations and celebrities buying in. Seeing the growing amount of publicity around Bitcoin and its growing popularity is certainly exciting, but what are some ways you can earn it?

There are a few ways to earn Bitcoin which include buying, trading, and doing work to earn it. For those who may not know, you do not need to own 1 whole Bitcoin, it’s possible to own fragments of one. You may now breathe the sigh of relief that you do not need to lay down $50k+.

But what about earning perpetual income through Bitcoin? What “perpetual” means in this instance is, earning Bitcoin continuously while you go about your daily activities, otherwise known as passive income.

Passive income streams are a great way to earn money while you sleep, and now you can earn it with Bitcoin.

Using algo bots to trade Bitcoin


Yes, trading Bitcoin is one way to not only obtain this crypto and potentially get some big gains. Trading Bitcoin every day is a tedious task and typically only traders with years of experience tend to profit.

So how can trading Bitcoin help to establish a revenue stream? The answer is not necessarily trading yourself but by using algo trading bots.

Trading bots aren’t just for rich elites or major corporations, several platforms have made them readily available for all. UpBots is one such platform that is providing algo bots that are affordable and quick to set up.

UpBots is a "one-stop-shop" for crypto traders with a unique selection of tools and an innovative incentive model.

There are several trading bots available on the UpBots rental service, one of which trades Bitcoin (BTC).

As of writing this, this BTC trading bot has done +106.41% within 6 months.

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The bot was pretty easy to set up. All I had to do was select it from the bots offered on the dashboard and click “Activate”, then it was off trading.

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There are currently three bots total to choose from in algo rental (created by 4C-Trading). BTC/USDT, ETH, and BNB are currently available to use.

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Right now all algo bots have the ability to trade on Binance and FTX with the team having plans to add more exchanges in the future.

Relax and let the bots handle it


Having to hold down a busy schedule I couldn’t find proper time to trade, but I really wanted to start trading Bitcoin. Being able to have trading bots manage my portfolio is pretty awesome overall, especially since I could go about learning more about crypto while still earning some profits.

If you really want to capitalize on the current BTC trend but have little knowledge of crypto, then using trading bots on UpBots is a great way to start. Another little thing to note, the platform is free to sign up on and start using!

Learning to trade Bitcoin or going about some of these other options can be quite time-consuming. Sometimes it’s just best to relax and let some bots take care of the lifting.

So there is my two cents on another way to start earning passive revenue with Bitcoin.

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The risky side of using bot is that often new investors have no idea of what a good trading strategy may look like. so they jump on the most profitable one at the moment.

Some strategy will perform incredibly well in a bull market but lose everything in a bear market.

Many traders wont close their losing trades in order to keep a nice equity growth, then the investors will get stuck in trades and at risk of losing everything.

I wrote an article on how to make money with copy-trading and avoid the traps that the trader might be getting you in.

I think it can be useful to warn the investors about the downside of such services before they jump in..

Anyway, if you want to check it out, https://trendsurferssignals.com/crypto-copy-trading-how-get-rekt-how-make-money/

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