December 3, 2019 (Investorideas.com Newswire) It will be no surprise to see many new players attacking the Bitcoin market in 2020. Those already in will know what has been their best method of acquiring Bitcoin recently, but if you are new to the market then you are probably looking for ways to make a splash. Here are the top five most popular ways to get Bitcoins in 2020.
#5 Bitcoin Expert? Become a Bitcoin Consultant
The brilliant thing about Bitcoin is that anyone can get involved and learn to make themselves an expert. However, some people don't have the time or willingness to do that, and for these people, the only way to get on in the Bitcoin world is to employ a Bitcoin consultant. The day-to-day work for people doing this is simple, use your knowledge to make the right deals and moves at the right time with regards to Bitcoin.
If you are an expert yourself, and you use Bitcoin in many different ways then this job would more than likely be replicating what you are doing for yourself right now, but as an employee of someone else, using their money.
#4 Cryptocurrency Mining
Something that was very popular a few years ago, but the rise in price of Bitcoin made it almost impossible for regular people to get involved. Big Asian companies took hold of the mining market and showed their might to push others out. However, the recent price drop has brought about a mining opportunity once more.
Places like Ebay are now home to second-hand mining rigs that companies have had to sell due to the price of Bitcoin going down and no longer being feasible. This gives you the chance to cash in once more. Buy one of these, set it up at home and get mining for some small, unpopular coins. Collect a few of these and you should have no problem trading these for Bitcoin on an exchange.
#3 Become a HODL'er
A HODL'er is something you may not have heard of, but those who do it refer to themselves as HODL'ers, so if you are heading in this direction, make sure you get the terminology right. Basically, this is someone that buys and holds onto Bitcoin for a number of years to increase their wealth. There is no intention of trading in the short-term, but the idea here is to keep hold of Bitcoin for many years, and gradually allow your loot to grow in value over time.
Those who stepped into the market when it was high not too long ago won't be sitting pretty just yet, while those who joined a decade ago find themselves in a pretty position. This requires ultimate patience and time to develop, if you don't have either then this is not for you.
Similar to the above, but designed for those who don't have time or patience. Trading with Bitcoin works in the same way as stock market trading and the FOREX markets, if you have experience on them then you are certainly at an advantage here.
Simply head to the exchange of your choice, grab yourself some Bitcoins and make a successful trade. All traders start out small and low, but soon you could find yourself in a great position if you play the markets right, setting you up to be a serious trader.
#1 Casino Gaming
Want to combine earning more Bitcoins with doing something that is relaxing and enjoyable? Head over to your favourite crypto casino and check out the vast range of games they have on offer inside. Casino gaming is enjoyed by millions of people all over the world and now many casinos accept Bitcoin players.
Simply create an account, top it up with Bitcoins via a transfer and any winnings you get from playing the games can be transferred out as Bitcoin from the casino back to a wallet of your choosing. With the added security of Bitcoin gaming, many people are turning to casinos that accept cryptocurrency and because of this, the casinos are able to fund and develop exciting new games for their players to play.
Conclusion - Options Ahead for Bitcoin in 2020
The conclusion to draw from all of this is that there are many options for those looking to get Bitcoin in 2020. From trading on the markets to becoming a HODL'er as a long-term plan, there is something for a variety of people. If you are an expert then consulting is also an option for you, using your expertise to help others in the world of Bitcoin. Lastly, those looking to combine business with pleasure can try Bitcoin gaming inside one of the many crypto casinos that are now available for players to use.
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. This article is paid for published third party content and not the content of Investorideas.com . Learn more about posting your articles at http://www.investorideas.com/Advertise/