The world of cryptocurrency is expanding and evolving at an incredible rate, and it’s an area Google search interest is soaring too. With the potential to become a full-time job, many people are looking for ways to make money online. Whether you’re looking for a way to supplement your income, realise a dream, or want to change your life around, there’s an answer somewhere out there to help you make your dream come true.
The Crypto Gold Rush
With gold prices at an all-time high and speculation rife, more and more people are looking to get their hands on some of the shiny metal’s unique properties. In the same way that the allure of gold drew many people to the area now known as ‘Silicon Valley’, so too the allure of cryptocurrency draws entrepreneurs, developers, and investors from all over the world.
With the world’s largest investors in cryptocurrency, it’s no surprise that many start-ups have sprung up, creating and developing groundbreaking platforms that allow sophisticated users to trade, store, and manage their portfolios in one place. Cryptocurrencies such as Ethereum, Litecoin, and Bitcoin are all in demand, as are the services that support them. So too is the infrastructure around these cryptocurrencies – the cloud computing, the broadband coverage, etc. – as more and more people want to harness the incredible power of these apps and platforms.
The Rising Bitcoin Interest
Bitcoin’s price is up, up, up, recently crossing the $20,000 threshold for the first time ever. This has led to an explosion in interest and usage, with searches on Google Interest climbing by 96% in the last year alone.
One of the reasons for this is the increased mainstream adoption of cryptocurrencies. Bitcoin is now accepted as a form of payment by hundreds of thousands of stores and online businesses around the world, and many more are expected to follow suit. The other major factor is that, as Bitcoin’s price increased, so too did the perceived value and popularity of other cryptocurrencies. Interest in Ethereum, for example, saw an 86% rise in searches on Google Interest between July and September 2018 compared to the same period the previous year. Similarly, searches for Litecoin jumped up by 74% during the same period.
How to Make Money Online
With more and more people looking to get involved in cryptocurrency, there is a veritable treasure trove of opportunities for those who want to make money online. There are hundreds of ways to earn quick cash online, starting with simple tasks like taking surveys or using a simple product finder to identify online merchants who are looking to purchase certain products. Once you’ve built up a little bit of cash, you can start investing in cryptocurrency, or you can take a more nuanced approach and use your online brokerage to invest in various stocks, bonds, and other securities.
Where to Buy
When deciding where to spend your hard-earned money on, it’s important to consider the legitimacy of the outlet and the product or service they are offering. In the world of cryptocurrency, there are many scammers and fly-by-night operations looking to take advantage of unwary individuals, so it’s best to be mindful of this and take the time to do some research into a particular cryptocurrency or platform before committing your money to it.
The Many Risks Involved
The world of cryptocurrency is a fascinating place, one that is still in its infancy. Given its recent surge in popularity and interest, it’s a place many people want to get involved in, attracted by its novelty and the promise of quick riches. However, before you begin your journey into the exciting world of cryptocurrency, you need to understand the many risks associated with this endeavor.
Like any other venture, cryptocurrency is not risk-free, and you will need to take the time to understand the risks before you begin. Most notably, you need to be aware of the risks associated with theft and fraud, which are more prevalent than you’d expect, despite cryptocurrency’s relatively new and, at times, enigmatic nature. The most sophisticated forms of ransomware known as cryptojacking are prevalent too, with some victims paying $500 per month to the hackers who break into their computers and steal their processing power, which is then used to mine cryptocurrency. Similarly, if you’re looking for an easy way to make money online, take surveys now and then, but be careful about which sites you join and which products you click on as you may end up as a victim of fraud rather than a perpetrator.