WHAT IS ALL THE FUSS ABOUT BITCOINS??
Is making money online in Nepal a myth? And in a country like Nepal, where there is no international online payment system, can we really earn money online?
For those audience who are reading this and do not know what bitcoin is, Bitcoin is a form of digital currency, created and held electronically. They are not printed like our normal currency rather produced by people, and increasingly businesses. Inorder to start, you first need a bitcoin wallet, like BlockChain, Mycelium, or a dozen others in bitcoin.org. The value of bitcoins is increasing tremendously, and as of I write this article, 1 btc is about $1000. Bitcoins can be bought or sold – check https://www.bitcoin.com/buy-bitcoin for more information on buying and selling bitcoins. For Nepalese users, there are groups like Online Workers in Nepal where you can exchange bitcoins for esewa cash.
We have been receiving a few emails lately asking about the going trend of making bitcoins online.So can we really make bitcoins online? Well, YES but it is not easy. Earning money online or rather Earning money has never been easy especially in a country like Nepal with no legit online payment system but this actually is quite easy if you compare it to other ways.
THINGS YOU NEED
- A blockchain wallet – BlockChain
- A referral link to sign up
- A few btc in your wallet – depends on what matrix you choose. The cheapest is BtcInvestments where you can start with around 0.002 btc, which is about $2.05 dollars. But you need to make sure you have a few extra btc for transaction fees.
- Dedication to find people to work with you
THE MATRIX SYSTEM
This is what you have been hearing all about. There are matrices like ZARFUND, CrazeBtc and BtcInvestments.
All these are simply a donation exchange platform where members voluntarily give donations and receive donations on a monthly basis. It’s like you give donations (or pay) to somebody who referred you to use the program (your upline) to upgrade and be in a position to receive the same from people you are going to refer the program to (your downline).
Not clear yet? Let me take an example of the cheapest of above matrices – BtcInvestments.
You start with signing up to the program by a referral link and pay 0.002btc to the person who referred you. Now you are on level 1 and need to find 2 people to be your downlink to upgrade your level to 2 – who will donate you their 0.002 btc. You have to now upgrade to level 2 and you help your downlinks to find their 2 referrals (their downlink). You need to upgrade to get your downlink’s referral donations to you!
HOW YOU EARN
LEVEL 1: Starter. Pay your referrer Level 1 0.002 Btc
Get 2 x 0.002 Btc = 0.004 Btc – 0.002 Btc (move to 2) = 0.002 Btc profit
And now you pay 0.003 btc to your upline to upgrade to level 3.
LEVEL 2: Runner. Pay your upline Level 2 0.003 Btc
Get 4 x 0.003 Btc = 0.012 Btc – 0.003 Btc (move to 3) = 0.009 Btc profit
The same goes on! You get your donations from all the downlink’s referral if you keep upgrading
LEVEL 3: Pacer. Pay your upline Level 3 0.01 Btc
Get 8 x 0.01 Btc = 0.08 Btc – 0.01 Btc (move to 4) = 0.07 Btc profit
LEVEL 4: Finisher. Pay your upline Level 4 0.05 Btc
Get 16 x 0.05 Btc = 0.8 Btc – 0.05 Btc (move to 5) = 0.75 Btc profit
LEVEL 5: Winner, Pay your upline Level 5 0.5 Btc
Get 32 x 0.5 Btc = 16 Btc
No More upgrades = 16.331 Btc total profit
If you are dedicated to find new members and work in a team, I see no reason why not to try this out!
We have been trying this ourselves – though we are quite new to this. But feel free to message us at Droidnep if you want to join us in the program with about $2 investment.