Bitcoin Investment Without Capital? Here's How

The price of bitcoin skyrocketed again in mid-2019. Bitcoin's price spike increased by 75% compared to the same price in the same period last year. People start looking at bitcoin for investment because of that. But not a few of them can only see the price movement of bitcoin without taking part, because it hit the capital. Are you one of them? If so, no need to worry because in this article we will share how to invest bitcoin without capital. Listen, don't miss anything.

Just like in previous periods, the increase in the price of bitcoin is quite interesting because of its exorbitant price rise. The price of bitcoin has now touched the price of 160 Million Rupiah or in other words, with 1 BTC, you can get 1 new Suzuki Ignis Car. With the above facts, maybe you start thinking, "Then, can I get free bitcoin on the internet?". The answer, yes. You can invest bitcoin without capital. "How can I run a bitcoin investment without capital?". Here we tell you the preparation that you have to do beforehand.

Steps to prepare for bitcoin investment without capital

Before you start investing in bitcoin, the first step to do is to first identify what bitcoin is. You certainly don't want to spend time on something that's unclear and you don't understand it, do you?
In short, bitcoin is a digital currency or digital asset created limited, no physical form, cannot be duplicated, and distributed through a blockchain network that is transparent and has no central (decentralized) center. The closest analogy is comparing bitcoin to gold. Limited amount, valuable, non-duplicateable, minable, can be used as a means of payment, can be used as an asset, the difference is that bitcoin has no physical form. Confused? For more details see our other articles on what bitcoin is.

Once you start to understand what bitcoin is, the second step is to create a bitcoin wallet to hold the free bitcoins you'll collect later. You can create a bitcoin wallet (bitcoin account) on the Blockchain site or directly through a market exchange such as Indodax,to make it easier for you to exchange bitcoin to rupiah later.

If you already have a bitcoin wallet, it's time to take the third or core step of this article, which is to get free bitcoin. This free bitcoin will be part of your bitcoin investment portfolio without your capital. "Where and how do I get this free bitcoin?". Here is the explanation. 

How to get free bitcoin on the internet

The Internet has made it easier for us in every way, both in learning and earning money on the internet. Even bitcoin can be obtained easily through websites spread across the internet. Below we present 4 ways to get free bitcoin on the internet that bitcoin hunters usually do.

Airdrop

Those of you who often play PUBG games may be familiar with this word. Yes, the concept is more or less the same. You will get a free cryptocurrency supply from the digital coin developer you follow the airdrop. Coins or tokens are available for free, sometimes you just need to do simple tasks such as like, share, and subscribe to their social media. There are also some airdrops that require participants to own a certain cryptocurrency first before getting their airdrop distribution.

Why are their cryptocurrency products distributed for free? What is the purpose of this airdrop? We will discuss this in the next article.

Bounty

In Indonesian, bounty means reward. In the cryptocurrency world, bounty is one way to distribute cryptocurrencies. Cryptocurrencies are distributed under certain conditions that bounty hunters must meet. Some examples of bounty that are widely available are bounty to conduct promotions of new cryptocurrencies issued by developers through the Initial Coin Offering (ICO) process.

Bounty hunters are usually required to perform tasks such as translating whitepapers and their official website into specific languages including Bahasa Indonesia, creating articles on blogs, sharing their social media posts, creating content on youtube, or even the most complex of finding bugs from platforms created by the development team.

For example, ethereum has a bounty program for participants who successfully find bugs on their platform. This ethereum bounty program offers rewards ranging from $500 – $2500. According to the latest update on the site, a bounty hunter named Martin Holst Swende has managed to raise $33500 from this ethereum bounty program. A lot isn't it?

For those of you who find this ethereum bounty program complicated or beyond your capacity, you can visit Bitcoin Forum Indonesia or Bitcointalk to find the latest bounty programs that are easier to follow.

Selling services

Selling services can be categorized as a way to get free bitcoin. You can sell your skills on cryptocurrency forums, such as bitcointalk forums. There, there you can sell services or even products. The services offered are diverse, ranging from simple ones such as translators, selling articles, graphic design, to more complex services such as Social Media Marketing (SMM) or even programming. You can request payment for your services using bitcoin or other cryptocurrencies.

Mining

One way to get bitcoin or other cryptocurrencies is to mine them. Mining bitcoin or cryptocurrency now requires high-spec computer devices, especially with high-end VGA Cards. For those of you who already have a computer with high specifications, congratulations because this way can be your alternative to be able to get free bitcoin.
Sites like What to Mine can be used as a reference to find out how much cryptocurrency you can get, the electrical energy needed, and estimated revenue by using theVGA Card that has been registered there.

For those of you who don't have a high-spec computer device for mining bitcoin, you can try the free cloud mining that is widely available on the Internet. Simply put, cloud mining is buying resources from advanced computers owned by providers for you to use in the mining process. More simple because you do not have to bother setting mining tools. But still be careful too because some free cloud mining ends up scam.

Exchange the results of the hunt into bitcoin on the exchange market

Once you have successfully collected cryptocurrency for free, you must exchange it for another cryptocurrency that you want to invest in.

For example, you want to invest bitcoin while you earn PundiX tokens (NPXS) from the bounty or airdrop. You need to convert the NPXS token to BTC at the exchange market where it is available to trade. There are many exchange markets that you can visit to trade cryptocurrencies. The largest by far is Binance,and for in Indonesia, Indodax is still the most popular.

Finally, if you have exchanged your bitcoin, it is time for you to monitor the market. There are two options for you to do with your bitcoin. You can trade or just keep quiet while hoping that the price of bitcoin will continue to rise. If you are interested in short-term investments and want to try bitcoin trading to earn more bitcoins, you can continue reading our other articles on basic bitcoin trading techniques from Oscar Darmawan (CEO of Indodax).

Thus this article on how to invest bitcoin without capital. Hopefully useful for those of you who want to increase your investment portfolio, especially free bitcoin investments. Don't forget to write in the comments field below if you know how to collect other free bitcoins.