Introduction

If you haven't heard about Bitcoin, all you need to know is that it's the currency of the future.

The crypto currency market is currently worth $137 billion dollars so isn't going anywhere but up!

If you buy some now it is a great investment as will be worth a lot more in the coming years.

Imagine someone in the 90's explaining e-mail to you or mobile phones. You would have thought how pointless they were as nobody else had them, were expensive to get started and wouldn't catch on.

We are at the same point in time with Bitcoin but this time it will revolutionize the financial sector and we can get in early and make lots of money from it too.

Imagine if you could have bought shares in Apple or Microsoft in their early days, this is similar but the difference is you will be storing these coins and eventually be spending them in your day-to-day lives!

Buying Bitcoin

The easiest way to buy some is to sign up to Coinbase and make a bank transfer in exchange for Bitcoin.

They have a tutorial to help you buy Bitcoin.

Use this link to sign up to Coinbase and we both get $10 of Bitcoin!

Passive income with Bitconnect

Now that you have some Bitcoin, you want to invest it to make a daily income.

In the stock market world, the banks use our money and give it to trading bots which makes the banks huge amounts of money.

Since in this new world we don't need banks, those profits can come to us.

A company called Bitconnect have their own trading bot and share the profits with us.

The profits on average (at the time of writing) are 0.91% DAILY.

This may sound crazy but the crypto currency world is far more volatile than the stock market world so actually us earning 0.91% isn't crazy at all.

A coin currency in the crypto world can go up or down 20% a day, this is unheard of in the stock markets which explains why the bitconnect bot can make higher returns than on the stock markets.

Bitconnect has a tutorial helping you get your Bitcoin lending and making you a passive income.

What kind of passive income can you expect?

Once you have sent your money from Coinbase to Bitconnect you now want to see how much money you will earn.

Sign up to Bitconnect stats and it will tell you have much profit to expect.

A $10,010 investment will give you $676 per day after 6 months (assuming the 6 month average daily interest rate). After 18 months this would be $45,000 a day.

A $1010 investment would pay $50 a day. After 18 months this would be $2000 a day.

You get to these amounts by following the reinvest table on bitconnectstats.com, each reinvest is a click of a button and needs to be once a day or once every 20 days or so depending on how much you have invested.

You can see the current interest rates here.

Why the specific amounts?

Bitconnect offer bonus profits depending on how much you invest:

Advanced topics

Security

In a year's time when you have all this money, what do you do with it?

You may want to transfer some back to your local currency which can be done at Coinbase.

I would recommend keeping a lot as Bitcoin though as it will only go up in value.

Since you are your own bank, you need somewhere safe to keep your digitial money. This is where a special device called a hardware wallet comes in handy.

A popular hardware wallet is the Ledger Nano S. It is much safer to keep your digital currency on there and not on your PC.

You could still have a wallet on your PC or your phone for day-to-day spending and use a hardware wallet for the bulk of your savings, just how you use a real bank in the real world.

Enjoy this article?

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Ledger Nano S

This is not investment advice, only invest what you can afford to lose.