I've been recycling Bitcoins since 2012 but most don't know what recycling Bitcoin means or what it causes. The upper-middle class Americans tend to recycle money, resources, workers, businesses & services. Recycling is referring to when a person gains something then uses the new gain to gain more of the same something but recycling can also be using item A for item B, like a trade. I don't purchase money; even though I am willing to work for currency, I don't like to spend currency A for currency B.
Cloud mining companies hit-up people like me. I want money but I don't want to flat-out buy it. I might pay for services that promise for a return on investments (ROI) made in to the company. I might lend money to a start-up, young business owner or a struggling business for a ROI percentage per quarter. I have even given money to people I know to get them started in different business opportunities, like Bitcoins.
Now you might ask, "Where's the recycling at?"
Let's jump back a second, to get the money I use to purchase services, invest or donate I first work for it. There's so many ways to earn free money that I do almost everything for money. In example, I do the following for "Free Money" :
- I unlock my phone
- I watch ads in faucets
- I prove I'm human
- I read
- I watch YouTube & non-Ad videos
- I do math
- I design solutions
- I consult owners, operators, businesses, entrepreneurs, students, friends & family
- I speak in seminars, lectures, webinars
- I write articles, data analyst details, raps/poems & posts like this one
- I even ask for donations
Now, recycling money:
I've earned a currency I cannot regularly use in real life (IRL) so, I use that currency to purchase services for a ROI later. I still continue to earn the first currency but when my ROI is deposited to my account, I then take that return to invest somewhere else for different ROI later. Now, I've recycled that first currency in full.
"How?" is a good question, so I'll break it down:
- I earned currency A
- I spent currency A for a currency A ROI
- I received my currency A ROI
- I spent my currency A ROI for a new currency B ROI
I took a currency I can't use IRL but after tight & right investing (+ due time), I'll receive a currency I can use. Before I started with cryptocurrency I was doing this similar method with USD, GBP, EUR, JPY, CNY & VND. The problems I had with fiat were:
- not enough free ways to earn
- transaction fees were ridiculously large
- too high costs to be a fiat middleman
- the fiat regulations are sometimes world wide, which causes dues owed to multiple countries and banks
Recycling fiat is costly but recycling crypto is a matter of know-how, time & effort.
"What does recycling crypto do?"
Simply it causes a rise in value in the currency & what is being purchased/traded for. So let's break down the possibilities:
- If you use a currency, the value of that currency may rise.
- If you trade a currency the value may rise.
- If you use a currency for a different currency then one or both values may rise.
- If you use a currency for services that pays out in the same currency, that currency value may rise.
- If you hold a currency without staking, that currency value may drop.
So, recycling is important to help stop vulnerable volatile markets within non-fiat systems. For example, businesses hire secret shoppers & offer rewards to customers to help keep customers coming and returning.
There are many companies that profit from other companies trying to stop a vulnerable volatile market from appearing within a store, niche & company. So, let's profit as well.
"Profit from market maintaining is Knowing + Recycling + Doing!"
The steps I use are as follows:
- Collect crypto faucets 4 times, daily
- Run Offer Torro on Bitfun on as many accounts + devices as possible 24/7**
- Mine any crypto that can be transferred, traded or sold for the currency you want to stake
- Stake all currencies that you can, sell currencies you cannot stake
- Use 35-50% of every 30 days of earnings to invest to gain a new ROI of the same currency and/or a new currency
- Use 10% of your quarterly profits to help another get involved with cryptocurrency
- Build a website for crypto paying ads to help gain more referrals
- Tell everyone about cryptocurrency, this method, what you actually do and how much you've earned so far
- Expand your portfolio, gain more coins & stake
- Use crypto paying sites like Steemit & Bitlanders
- Only publish videos through YouTube, get 10,000 views & get paid for Ad views
- repeat
"Good Luck & Enjoy your Day"
--3D* *
How much do you make ?
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About 200,000-500,000 satoshi a week but when i do consulting I average 5-25million satoshi per consulting/day.
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