UPDATED: February 2021
If you want to get into the world of Bitcoin, you can either buy it using your credit card or earn it using cloud mining, faucets, survey sites, and gambling sites.
In this guide I will show you:
- How to make your first BTC online.
- What sites to use.
- And how to utilize the Bitcoins you get to make more Bitcoins completely passively!
If 1 million Satoshis a month passively seems like a lot, trust me, it's truly not. It's only 33K satoshi per day, and you can start earning that much passively within 1-3 months depending on whether you want to invest upfront or not.
How fast you get there depends on 3 things:
- Your risk tolerance - the higher it is, the faster you'll earn, but also the higher the chance of you losing money.
- How much you can invest - the more you invest, the easier it is to make money. Even investing $10 will make your life much easier!
- How hard you're willing to work. (Especially if you can't invest money upfront.) - Many people these days seem to want to make a completely passive income, without putting in any work, and without having any marketable skills. If that's you, then this guide isn't for you because making money takes work or money.
And one more thing: This is about building an asset that brings you money day in and day out.
Not about a super secret winning method that will make you lose money once you find out it's a scam.
The Plan
I'll tell you the general outline of the plan in a second.
But first, I have a very important note.
You might be familiar with some of the sites below. You may have even tried some of them and had little success with them.
That's because you didn't use the right strategies and/or had the wrong expectations.
I'll show you the right strategy to use for each site if you promise to let go if your existing limiting beliefs about these websites.
Deal?
OK, here's the plan:
- Build up your BTC war chest - This is what we'll start with and use to build your empire.
- If you have some money to invest, that's ideal!
- If not, I'll show you:
- Exactly which sites you can use for a quick boost at the start of your journey
- Why one highly underestimated site is key to making this system work.
- And which sites you should use consistently until you're happy with your daily income
- Double your war chest. - With my method you can usually double the money you invested in 3-4 weeks.
- At that point you can withdraw and play purely with the profits
- OR I recommend keeping it until you double it again because compound interest is truly the 8th wonder of the world.
- Determine your risk tolerance and diversify:
- Now is the time to decide how aggressive you want to be.
- I usually recommend going half and half: half into medium/high risk investments and half into completely safe long-term investments.
- Keep growing your empire:
- The longer you keep working non-passively, the higher your passive income will get.
- At this point I recommend a 25-75 strategy.
- Withdraw 25% of your profits and spend it on yourself. You deserve it!
- Reinvest 75% of your profits.
OK, that's the gist of it, but what exactly should you do?
I got you covered!
I wrote out a week by week plan with instructions, links, and exact details based on your upfront investment and your risk tolerance.
Build Up Your War Chest - Weeks 1-2 (1-4 if you can't invest)
Let's get started! Get some quick wins and setup our systems for daily earning.
The Easy Pickings - Quick Injection of BTC
Register for all of the websites below. They won't work for all areas of the world, but if they're available where you live, you'll get a nice injection of BTC.
- Coinbase Earn - Register on Coinbase if you don't already have an account and then go to Coinbase.com/earn. Different crypto companies offer certain amounts of their currency to those who complete tutorials/a short course & you can later trade that crypto for $$ and for BTC. I currently see an offer for $52, $6, $50, and $8 which is a total of $116!
Maybe you got a cash injection, or maybe not. Either way it's time to take a look at what you'll be using daily!
The Daily Earner - Slow and Steady
This will be your daily earner.
There's only one site I recommend.
This is a site many people try and leave because they do not know how to use it properly.
I'll show you how you should use it later because I share 80% of my referral income with you which means you will earn money even faster!
So if you make 1 BTC, you will get an extra .4 BTC from me! Not bad, right?
Here's the strategy you will use:
The Strategy
The goal at the start is to get as much money as possible into
FreeBitCoIn.
Why?
This site is powerful and starting out even with a small investment speeds up the process considerably, and most people don't understand how effective this site actually is.
To understand why FreeBitCoIn is so great, you have to understand a concept of Expected Value (EV) which is in this case is how much you can "expect" per roll over the long-term.
It's not that you will literally earn the EV amount every turn, but over the longer term your earnings will be in line with the EV.
So what is the EV of FreeBitCoIn?
If you're not using any bonuses (which you should because I'll teach you how to in this guide), the EV per roll is $.025.
Assuming 15 seconds per roll, that's the equivalent of a $6.09 hourly wage and if it takes you 30 seconds, that's the equivalent of $3.04/hour.
Not great, BUT that's now how we'll be doing it.
Instead, eventually you'll get to the point where you will constantly have a 1000% Free Roll bonus.
This increases your EV to $.045 and your hourly income equivalent to $10.78 at 15 seconds per roll.
But that's not all! We'll take advantage of the roll bonus which brings your EV to $.085/roll and your hourly equivalent to $20.39!
And that's assuming that the price of Bitcoin doesn't change.
If BTC doubles, then all the work you've done before had a true hourly rate of $40.78.
And if you're looking at the true long-term perspectives of BitCoin and the likely outcome of it reaching $100k/coin, you would have had an hourly rate of $203.92!!!
Keep the above in mind when grinding it out.
You're not just working for what BTC is worth today, but also for what is will be worth in the future.
Back in the day some guy bought a pizza for 10,000 BTC which would now be worth $100 million.
All because he didn't understand the potential of it.
So don't be like that guy. Think about the long-term and let's create some BTC-earning assets together.
The strategy within the site is simple: (With one small change if you have money to invest that I'll go over later.)
- Do the free roll daily, every hour, as many times per day as possible (When I started out I did 16 per day.)
- Make the most out of the Reward Points
- Once you have a sufficient balance, use the Multiply BTC game when they have Reward Point (RP) promotions to earn even more reward points and increase your faucet reward
- Enjoy the 80% referral kickback you get from me. ;)
- Enjoy the daily interest you earn on the account - You get 4% yearly interest compounded daily. It won't be a ton until you put in more money, but you get it for literally doing nothing.
When there are no promotions you get 2 RPs per roll. I'm assuming you'll be rolling 14-16 times per day (when I started out I did 16), so you'll earn about 32 RPs per day when starting out.
Your goal at the beginning is to increase this number by buying RP bonuses.
The first day you can get the 1RP/roll bonus for 12 RPs.
Keep rolling and buying it daily until you get enough RPs to buy the 10RP/roll bonus for 120RPs.
Repeat the process daily until you reach the maximum rewards level of 100RPs/roll.
IMPORTANT: If you know you can't roll more than 12 times within the next 24 hours, do not buy the RP bonus, otherwise it's a waste. Your gain comes from every roll you do above 12.
Now that you're earning 100RPs/roll you can buy the 100% FreeRoll bonus every single day in perpetuity.
The RP bonus allows you to earn enough RPs every single day to not only pay for the 100% bonus, but also save some RPs!
Now we wait. Keep rolling daily and buying the above bonuses, but don't do anything else within this site.
Eventually they will have a promotion of 2x-5x RPs which applies to everything on the site.
If you have more than 50k satoshi in your account by the time they have a promotion play the Multiply BTC game until you win 1/5 of your total account value.
I recommend a simple Martingale system because your goal isn't to win more, but to maximize your amount you're betting.
So you would start with 1 satoshi.
If you win, keep the bet at 1, if you lose, double your bet.
If you lose again, double your bet again and keep doubling it until you win.
Once you win, you go back to the starting bet.
I like to have a 14 or 15x buffer for losing streaks so as an example:
- If I have 50000 satoshi in an account, I have enough for a 14x buffer if I start at 1 satoshi.
- 1, 2, 4, 8, 16, 32, 64, 128, 256, 512, 1024, 2048, 4096, 8192, 16384
- If I have 1,000,000 satoshi in an account, I have enough for a 14x buffer if I start at 25 satoshi
You'll earn RPs for every 500 satoshi you wager there, plus you get lottery tickets (which aren't the main focus, but can provide a very nice boost if you do win.)
The more you have in your account, the more RPs you can make during each promotion, and the longer you can buy the 1000% free roll bonus for!
IF YOU HAVE MONEY TO INVEST: If you have money to invest, you can speed up the process by playing MultiplyBTC to start out to earn 1,200 RPs and get the 100 rewards per roll bonus.
You can of course play more, but that all depends on your personal risk tolerance. I only play when they have RP bonuses available and save my RPs if they don't.
As you keep going with this site, eventually every roll you make will have a 1000% multiplier and the additional bonus which means you will be making a minimum of 600 satoshi per roll which equates to a $20/hour hourly wage!
Using the FreeBitCoin rolls, playing Multiply BTC when they have promotions, increasing your RPs, and doing this daily should mean you double whatever your investment was within 3-4 weeks.
So now it's time for the next step...
You can either withdraw your investment and play purely with the profits, or keep the investment in for now to maximize the compounding benefits.
Determine Your Risk Tolerance
Now you have to determine what your risk tolerance is.
As nice as it would be to have a risk-free investment making you 40% month over month, that's simply not realistic.
In the real financial world a 10% yearly return is considered amazing, and while in the online world things are a little different, you have to realize that risk and reward cannot be separated.
If the reward is 20% return month over month then the risk will also be very high.
I recommend a 50%-50% strategy.
Take half of what you have and put it in the safe methods. This will be your long-term war-chest.
Take the other half and diversify it over multiple more speculative investments. - with these investments the key is to take out what you put in as quickly as possible so the rest is pure profit.
I recommend a 50%-50% strategy here once again.
Take 50% of your profits and reinvest them into the same program and then take the other 50% and take it out.
Then split the 50% you take out into half and put half into long-term savings, and spend the rest on yourself/your family/etc.
Now let's take a look at your potential investments.
Low Risk - Low Reward - 4% Yearly
- FreeBitCoIn interest. - You get a 4% yearly interest, which is pretty good considering they give it to you daily. If you're using the money inside your account for multiply BTC and RP farming, this is a good place to keep it.
Medium-High Risk - 4-10% Monthly
- FreeBitCoIn MultiplyBTC - There's a difference between using the game to get RPs and try to make money. In the long-run you cannot beat the house, but if you're feeling lucky this is an option if you can control your bets and understand what you're doing.
- SIDENOTE: If you have 1 BTC+ to invest, then you CAN in fact "beat the house" because they have wagering competitions every day and month and the person that wagers the most wins a reward.
- The daily reward is between .13-.2 BTC every day so you can potentially get a 10% daily return on your 1-2BTC account.
- The monthly reward is $10k for first place and $100 for last place, but to win the monthly contest you need to have a lot more than 1-2 BTC to wager to do it safely. I would say having 10-20 BTC would be necessary at that point.
Bitcoin Gambling
If you're feeling lucky you can try gambling some of your Bitcoins.
The fastest way to make some quick satoshi is on
FreeBitcoin in their multiply BTC section. Set it to a simple Martingale, and set the bet odds to 2, on lose increase the bet by 100%, and
Stop Betting once you win 1/4 of your total Satoshi, or when the
number of rolls is done.
The number of rolls is the amount of satoshi you're going to get from running the autobetter in total.
Creating Your Own Faucet - Not Recommended
To create your own faucet, you will need at least 1 million satoshi to get it going. (10+ million recommended).
You can code your faucet from scratch, but at this point in time the return you will get on a faucet is not worth the rewards.
Either way, you'll need an investment of at least $10 for a domain, hosting, and then you will need more BTC to be able to give out money to people.
Monetizing Your Faucet
You can monetize your faucet using the various BTC only ad networks, or you can use ad networks that pay in USD and then buy BTC using the money you get. (Not recommended)
- Anonymous Ads-A completely anonymous pay per impression and click ad service. They pay you when you reach .0001 BTC.
- AdBit.co- Put up a "banner" on your site and advertisers can bid BTC to get their banner shown.
- Coin URL- Another pay per click ad system that you can also use to shorten URLs!
Thank you for reading! If you have any other ideas, or corrections to making more satoshi, please tell me in the comments below.
Registering on the site is very simple, and after registering you can invest BTC right away. (Their minimum deposit is .0005 BTC, so if you try to invest less it will get swallowed up by the system!)
