Money can be defined as a legal tender, that is anything that can be used to procure or store value. While Bitcoin Crypto-currency which is a digital tender that can be used to store or purchase value online.
I know you must have been hearing about bitcoin, but do you know that you can make a lot of money from bitcoin.
Strategies for making Money with Bitcoin In Nigeria
- Trading Bitcoin
You buy and sell bitcoin just like it is done in the stock market. The logic to it is that you will buy when the price is fairly low, you will wait and monitor the price trend and when the price goes up you resell it. Bitcoin fluctuates everytime, therefore if you actually can study the trend of the price you will start get high returns from Bitcoin.
You can save your excess money as Bitcoin and after a while get back a lot on your investment. There is a total of 21 million Bitcoin ever and only 16 million has been mined, which means the price will still be increasing over time; you can buy and keep it for some years or month. Bitcoin has been increasing for some time now and it will continue to increase over time.
- Become a Crypto currency transfer warehouse
Bitcoin is just one of the Crypto currencies that are available. There is a large market for Crypto currency where buyers and sellers needs to interact, you can be a middle man, and as transactions are been made you will be getting your money.
Figure out what you want to do
check some of our other posts on businesses you can do to make money in Nigeria