Beyond Bitcoin: How to Make Money with Blockchain

How to invest and make money in block chain technology

Blockchain technology is best known for the first killer application built on top of it, bitcoin, the worlds first peer-to-peer, global, decentralized digital currency and payments network. Blockchain is considered by many to be the most important invention since the internet with its ability to enable entirely new business models, and transform the way we live, work, entertain ourselves, and relate to one another.

Here are some ways you can begin capitalizing on blockchain technology today, beyond just owning some bitcoin:

In January 2011, $100 could buy 333.33 BTC. In April 2019, that investment would be worth nearly $1.7 million* (*In today’s dollars).

Ways to Invest in Blockchain

There are far more ways to capitalize on blockchain than just buying bitcoin:

  • Public Companies: Although you can’t invest directly in blockchain, you can invest in companies that you believe will materially benefit from the blockchain technology:
  • Mining Enablers & Traders: Provide the “pics and shovels” used for crypto mining, or trading platforms and crypto exchanges:
    • HIVE Blockchain owns and operates infrastructure for mining of crypto.
    • AMD manufactures specialized mining rigs equipments.
  • Blockchain-As-A-Service (Baas): Providers of cloud-based blockchain solutions or consulting services:
    • IBM Blockchain helps business develop and deploy solutions.
    • Amazon Web Services provides scalable blockchain tools.
  • Blockchain Users: Companies actively involved in the development and utilization of blockchain technology:
    • Mastercard has applied for over 30 blockchain patents.
    • Alibaba – improving logistics and payments with blockchain.
  • Emerging Industries & Disruptors: Innovators creating new business models or disrupting existing ones using blockchain technology:
    • tZero a subsidiary of Overstock.com aims to disrupt wall street trading
    • Digital Garage partnered with Blockstream Corp. to accelerate blockchain innovation in payments and financial systems transactions.

48% of executives expect blockchain technology to change their business landscape in the next 3 years.

  • Investment Vehicles: Family offices, hedge funds, endowments and private equity firms are investing in blockchain startups.
  • Here are some tools for the average investor:
    • Exchange-Traded Funds (ETFs): Investment funds focused on blockchain tech
    • In the U.S., there are 5 blockchain ETFs, managing $241 million in assets
  • Exchange-Traded Notes (ETNs): Linked to the market price of a cryptocurrency
  • In the U.S., blockchain ETNs must be traded through Nasdaq Stockholm
  • Digital Asset Funds: Grayscale Bitcoin Trust (GBTC)
  • Solely invests in and derives its value from the price of bitcoin
  • Futures: CME Group’s Bitcoin Futures Contracts
  • Hedge your bitcoin portfolio or try to profit from its volatility
  • Buy, Hold, and Trade Cryptocurrencies and Tokens
  • Crypto Asset Classes
  • Cryptocurrencies: [Coins] Store of Value and/or Means of Payment
  • Bitcoin, Dash, Litecoin
  • Security Tokens: [Asset Tokens] Ownership shares in real-world assets
  • Fine Art, Real Estate, Private Equity
  • Utility Tokens: Grant access to the product, service, or platform
  • Binance, Augur, Basic Attention Token
    • Non-Fungible Tokens: [NFT] Represent a unique digital asset or collectible
      • Cryptokitties, My CryptoHeroes, MLB Crypto Baseball
      • Buy, sell, and discover rare digital items through online marketplaces like OpenSea or Auctionity
    • Platform TokensSupport smart contracts and dApps
      • Ethereum, EOS, NEO
  • “HODLing”
    • Started as a typo in the Bitcoin talk forum, but it stuck
    • HODL, now stands for “Hold on for Dear Life”
    • Refers to buying and holding crypto long-term, rather than trading
  • Trading
    • Trading Bots: Automatically buy and sell using strategies to increase profit
    • Arbitrage: Take advantage of price discrepancies between coins listed on multiple exchanges

If you’re looking to invest in cryptocurrencies, try these ways to get coins for free:

Get Free Crypto

  • Airdrops: Blockchain projects that give away free tokens to create awareness or reward loyal customers
    • In fall 2017, Binance airdropped 500 TRX coins to active users holding at least 0.003 BTC in their wallet
  • Bitcoin Faucets: Reward users for their attention or actions with small amounts of BTC
    • In 2010, Gavin Andresen created the first Bitcoin faucet, giving 5 BTC to each visitor 一 today there are hundreds of different crypto faucets
  • Earn & Learn: Learn about new currencies by watching videos earn crypto for your time

The blockchain economy is here to stay – Make money as an active participant

Earn Passive Income Using Blockchain Tech

  • Mining & Staking
  • Bitcoin mining requires specialized equipment – BUT, other coins can still be mined using a standard computer or even a smartphone
  • Research a coin’s ROI mining potential at WhatToMine.com
  • Join a mining pool to increase your hashing power, and your potential profit
  • Or, rent mining power in the cloud, no hardware or software needed
    • Hashflare, Genesis Mining
  • Run a Masternode
  • Running a masternode can be done on a typical home server
  • Or, rent a cloud server from a service that specializes in crypto
  • Masternode operators must own a “stake” of the currency
    • Dash, ZCoin, Pivx
  • Stake Coins
    • Simply buy and hold coins to earn more similar coins
    • Coins held in a special wallet will earn “interest”
    • Unlike masternodes, there is no minimum amount
      • Neo, KuCoin, Komodo
  • Make Money with Decentralized Apps (dApps)
  • Predict an Outcome for An Event
    • Make predictions, buy and sell shares, verify the outcome, and claim your winnings ─ all on blockchain-based predictive markets
      • Augur, Stox, Gnosis
  • Play Games and Trade Collectibles
    • Digital fantasy games let you collect, customize, and trade unique characters and in-game items, and use them to battle other players
      • Axie Infinity, Chibi Fighters, Gods Unchained
  • Give Your Computer A Side Hustle
    • Storj Share: Rent out your spare hard drive space and bandwidth
    • Somn: Rent your spare CPU, GPU, and RAM when your PC is idle
  • Create Your Own Virtual Reality: Create, experience, and monetize virtual content, assets and applications:
  • Decentraland: Buy and sell virtual plots of land, or build a virtual store
  • High Fidelity: Create virtual events and charge a fee to participants
  • Create & Post Content
  • Steem.it: Social network and blogging
  • dMania: Memes, gifs, and funny pictures
  • DTube & DLive: Video and live streaming
  • Utopian: Open-source collaborations
  • Crypto Careers
    • A career in blockchain tech pays 62% more than the national average
      • Most crypto careers are technical, but blockchain companies are also seeking experts in marketing, social media, risk analysis, and more
      • Try CryptoJobsList to find a career in blockchainIn August 2018, 300% more crypto jobs were posted than a year earlier.
  • Blockchain’s Gig Economy
    • Storm: Earn cryptocurrency for performing online microtasks
    • Ethlance: Freelance job board with payments made in Ethereum
    • Bounty0x: Stake coins and earn crypto for verifying others’ work

How will you capitalize on blockchain?

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