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For some strange reason, people tend to think that because Bitcoin is a new form of currency, there is some magical way you can earn Bitcoins or even make money from it easily. Im sorry to burst the bubble, but Bitcoin is exactly like any other currency out there.

Even though cryptocurrencies in general may hold some new possibilities for generating income the fundamentals are the same youll need to invest time, or money in order to generate money.

Each one of the approaches Ill go over are things weve really tested ourselves at 99Bitcoins, which means you can rest assured were talking from experience. Lets get started

One of the most affordable, easiest but also most time consuming ways to really earn Bitcoin is through micro earnings. This means that youll basically be doing little tasks and earning fractions of a coin for your period you spend.

Some of the well-known micro earnings websites are Bitcoin faucets sites which you repeatedly visit every couple of minutes in order to maintain a tiny amount of coins. Faucets are in fact a subcategory of PTC websites, PTC meaning Pay . PTC websites will often have you click on an advertisement or on a button on the site in order to generate money from advertisement sales.

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From our calculations, if you operate non stop at clicking buttons youll average anywhere between 5-40 cents an hour. Not sure thats worth your time or even the power for running your computer.

While participating as a tap person may not earn you a lot of money, owning your own faucet is an entire different story. Today, you can build a cryptocurrency faucet relatively readily and earn money from selling ads on your site.

At 99Bitcoins we have been running our own faucet for almost 3 years now. Depending on the advertisers youre using and the amount of traffic you have you can make up to $1000/month running a tap.

But, running a faucet requires a reasonable amount of time and effort. Youll need to establish your own site, manage users, prevent fraud and also bring some initial capital to fund the faucet when starting out. Heres our beginners guide to running a faucet.

Somewhere around mid-2014, BitcoinTalk, a leading Bitcoin forum,  began running signature campaigns. In other words, you could use your BitcoinTalk signature to advertise a product and get paid for every post you write. The whole list of campaigns can be seen on the forum .

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With a signature campaign You get paid according to your membership level on BitcoinTalk. Typically, anyone using a status less than full member wont get paid that much, in the end. To be a full member, youll need at least 120 articles under your belt. There are also limitations on articles; such as length, original content, and much more. .

Sometimes, theres also a minimum post requirement each week. From our experience you can make up to $5 an hour depending no just how much you compose and your membership level. This, of course, does not include the number of articles you need to write in order to earn the required membership level on BitcoinTalk. .

One of the quickest, easiest but also riskiest ways you can make money with Bitcoin is by trading it on an exchange. Basically youre trying to buy Bitcoin when its cost is reduced and sell it when the cost rises.

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However, trading Bitcoin successfully is not a matter of luck or guesswork. Profitable traders spend a substantial amount of time learning how to trade and the way to overcome the many dangers involved in trading. Successful traders know they may get rid of money in the brief term but they consider it as over here an investment in their education, since they're aiming for the long term. .

If you want to be a trader be sure you've got sufficient time and funds to invest in good trading education.

One of the most overlooked ways to earn money with Bitcoin is by promoting through various affiliate programs. Affiliates are individuals who promote a certain business free of charge but get a commission if they manage to bring in paying customers.

Many Bitcoin exchanges, products and providers have an affiliate program in which you can enroll. You then get your own unique affiliate link in order to promote that service or product.

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Of course there are many ways you can market your affiliate link you can discuss it on Facebook, run ad campaigns on different websites or even set up your own information website and boost your links within your content.