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In a recent Bitcoin price prediction, the CEO of Ark Investment Management (Ark Invest), Cathie Wood, stated that the price of Bitcoin will be $500K!
Although some people like-minded to Mrs. Wood believe that Bitcoin will be huge in the next few years, some have always been hesitant about investing in it and think that it’s too late to join the party.
What if I told you that you can make money with Bitcoin without buying it? Wouldn’t that be awesome?
If you are wondering how to make money online with cryptocurrency price predictions, you are in luck because this is what I’m about to share with you today!
If you find this post inspiring and useful, share it with your friends, please! (Virtual high fives and hugs to all my sharers out there)
What Is PlotX Crypto?
PlotX is a cross-chain decentralized prediction market protocol for crypto traders that makes it easy for regular non-tech people to earn money from predicting the price of coins such as Bitcoin, Ethereum, BNB, Shib, Doge, and more!
The PlotX cryptocurrency is the token that supports and backs up the PlotX platform, and it’s one of the platform’s many use cases in which it’s used for participation in the prediction markets.
How To Make Money Online Predicting The Future Of Cryptocurrency Prices?
There are multiple approaches for making money online to predict the prices of cryptocurrencies, especially if you have technical analysis experience and know exactly how the market actually moves.
Websites like Coindiction allow you to monetize your predictions by selling them to the platform. So, if you are a crypto analyst, you will find your skills in great demand on such a website.
However, if you’re a complete beginner who does not know how the market moves and what incentives the price to go up or down, you would need to leverage other people’s skills and copy their trades… as simple as that!
Investors will simply get the chance to follow the predictions of top analysts available on the platform. They can also search among thousands of such predictions that they can choose to follow, and can also sort them by returns, coin name, and price per prediction. This for sure comes with a small subscription fee to follow their chosen analysts.
In addition to that, you can find crypto-dedicated freelancers on freelance marketplaces like Fiverr or UpWork who can manage your account and do the trades on your behalf. Just be cautious when picking the freelancer and look for social proof and pieces of evidence that the person is legit.
How To Make Money When Bitcoin Goes Down?
To make money with Bitcoin when it goes down, you would need to leverage margin trading and futures to take short positions or trade with more crypto than you have! This, however, involves huge risks, and to do so, you would need to have at least some basic technical analysis experience and understand how the crypto market moves.
Alternatively, you can leverage a platform like PlotX to predict the price of Bitcoin or other cryptocurrencies, predict whether it’s going up or down, and get rewarded if your prediction is correct.
So, are you wondering how to make a prediction on PlotX and how reward pools are actually calculated? Let’s find out this together! (If you’re enjoying reading this article so far, share it with a friend to spread the knowledge!)
How To Make A Prediction On PlotX (Tour)
Here’s a quick overview of the exact steps that you need to go through in order to make a prediction on the platform:
1. Select Your Market
When you go to the PlotX prediction section, you are able to see the top performing and the most popular markets on the platform. The word “Market” stands for the coin/token that you want to predict (Bitcoin, Etherium, Shib, etc…).
2. Answer The Market Question
After selecting your market, there’s something called the market question, and it looks something like this:
“Will (BTC to USD ) value go up or down at (Aug 2021 4:00 pm)?
The black drop-down menus allow you to change the asset whose value you want to predict as well as the time frame of your prediction. On PlotX, you can predict the value of each asset on three different time frames (Market Cycles) – 1 Hour, 1 Day, and 1 Week.
Whenever you’re making any predictions, make sure you read the market question very carefully.
3. Make Your Prediction
After seeing the market stats, the amount at stake in the market as well as the time left for you to make a prediction in the market, you can go ahead and select a prediction option.
On the PlotX platform, there are three options available in every market – Going Up, Staying Flat, and Going Down.
If, for example, you are bullish about a certain coin, you can hit the green option – The going up option. After clicking the prediction option, you can see the number of people who have made a prediction in this option as well as the total amount that was used to make those predictions. This is called the Reward Pool.
4. Understand How Your Rewards Are Calculated
PlotX is a zero-sum game, which is a mathematical presentation of a situation in which an advantage that is won by one of two sides is lost by the other. When this market settles, the winning option gets the amount at stake in the other two options.
Let me briefly explain how this exactly works.
For example, when the market settles, if the “Going Up” option wins, then, the reward pool of “Going Up” equals the amount at stake in the “Staying Flat” option plus the amount at stake in the “Going Down” option.
The reward pool will be divided among all the people who predicted the “Going Up” option according to their pool share.
5. Select An Option Price
In order to participate in a prediction, you need to select an option price, which is the amount of $PLOT that you need to spend to get 1 position in this option. The number of positions you hold affects your share of the option’s reward pool.
6. Choose Your Payment Currency
PlotX has a variety of payment currencies that you can choose from to fund your account and choose your prediction option. These are the currently accepted currencies by PlotX.
Check out PlotX here.
7. Pick Your Prediction Amount
After you decide what currency you want to play with, you would need to select how much you want to pay, to be able to see how much you can potentially win in USD, and what would the ROI look like.
When you change the amount, the number of positions will change, as well as the pool share. The more positions you hold in the option, the greater your share of the option’s reward pool will be.
- Positions = Prediction Amount / Option Price
- Pool Share = (your positions in the option / total positions in the option) x 100
- Potential winning = your pool share x this option’s reward pool
- Potential ROI = (potential winning/prediction amount) x 100
Since your pool share keeps on changing according to the current market state, your potential winning also keeps changing according to the current market state, and so does your potential winning!
8. Place Your Prediction
You’re all set and a button away from having your prediction live on the platform. If you haven’t logged into PlotX already, you’ll need to do that first then hit the predict now button. Rest assured that this transaction involves no gas fees.
Why & How Do I Invest In The PlotX Coin?
PlotX is built by and for the Ethereum community. The ability to use all Defi applications in ETH should be a right for the community. With this strong belief, the protocol has been designed in a way that people can predict using ETH and PlotX native tokens.
With that being said, the value proposition of the PlotX native token (PLOT) is as follows:
- Token Utility 1. Participation In Prediction Markets – The PLOT token can be used for participation in the prediction markets besides other tokens like USDT, ETH.
- Token Utility 2. Stake & Play – To bootstrap and encourage liquidity on the PlotX prediction markets, the users are incentivized to stake PLOT prior to participating in the prediction market. If, for example, a player plays with 100 PLOT tokens and stakes 1000 PLOT tokens, separately, they get 2x positions of a player who hasn’t staked! The best part is, even if the player loses in the prediction market, they will not lose the staked PLOT tokens.
- Token Utility 3. On-Chain Governance – The PLOT token also serves as a governance token. Plot token holders will be eligible for voting on proposals that will define the future of the PlotX protocol. This means that the community can vote on decision points like dispute resolution, the creation of new markets, and more!
- Token Utility 4. AMM Mining, Incentives For Market Creators – The protocol charges a fee from the market participants, and the market creator can claim their incentives in the form of PLOT tokens. For participants in ETH, the fee is 0.1%, while for participants in PLOT, the fee is 0.05%.
- Token Utility 5. Referral Minning, Building In Virality By Design – The PlotX provides a referral bonus program, meaning that users can refer other users and mine referral rewards. Rewards are distrubuted using a non-transferable token that is equal to the PLOT at all times, but only usable within the PlotX markets!
Where Can I Buy Crypto Plot?
At the time of writing this blog post, PlotX is currently listed and publicly traded on seven exchanges only, which are: Quick Swap, Uni Swap, MEXC, HOO, AEX, AscendEX, and Bilaxy.
The safest way to buy crypto online securely without getting scammed is to use a trusted wallet like Coinbase.
Coinbase is one of the biggest and most trusted crypto wallets out there! It’s easy to use, designed quite well and will protect your coins with multiple security features (i.e. 2-FA).
Creating a Coinbase wallet is fairly easy and can be done in a matter of minutes. You simply go to Coinbase.com and click the “Get Started” button in the top right. Alternatively, you can click the button below this image to receive $10 in free Bitcoin if you spend over $100!
After you create and fund your crypto wallet, you would need to transfer those cryptos to an exchange that lists PlotX so you can trade them.
We’ve recently published a step-by-step guide for purchasing ECOMI. You can follow along and implement the same steps for purchasing PlotX.
Is PlotX a Good Investment? PlotX Coin Price Prediction
In a recent video by Crypto Pablo, he discussed how promising is the investment in PLOT, but you need to keep in mind that he’s not a financial advisor and that you should do your own due diligence before investing your hard-earned money.
So, How To Make Money With Bitcoin Without Buying It?
Bitcoin mining could be an option, but according to media reports citing digital world data on Bitcoin-related energy consumption, electricity consumption domestically and around the world is rising on Bitcoin mining fervor!
So, can you invest in Bitcoin without buying it, or without even mining it? Yes, you can, and PlotX makes it easier for you than you may even think it is!
Generally speaking, PlotX allows you to earn crypto rewards for simply predicting the price of different cryptocurrencies to go up or down. Technically, you will make money with Bitcoin without buying, investing, or holding any Bitcoin or other altcoins!
How To Earn Bitcoin Free?
With the rise of demand for crypto generally and Bitcoin particularly, making money with crypto is becoming massively adopted day after day.
So, if you’ve ever wondered how to get free bitcoins instantly, free Bitcoin-earning sites are your way to go! Nowadays, there are a bunch of free Bitcoin earning sites, but you should always be aware of exposing yourself to scams and Ponzi schemes!
Free Bitcoin earning sites without investments won’t make you rich, however! Freebitcoin.io, for instance, pays 0.00000002 BTC on average on each Roll Button clicked, and you can come back and play every hour to win additional Free Bitcoin each time!
But, the question is, what would it take you to get 0.1 Bitcoin free? You’ve guessed it… A LOT! In order to invest and have that kind of passive income, you should have income that way exceeds your monthly expenses and necessities, and here’s where an online business can come into place and allow you to achieve exactly that!
Start an Online Business to Supercharge Your Investments
With all that we’ve seen in the crypto market in 2021, everything shows that it is just the beginning of crypto. In fact, El Salvador President Nayib Bukele makes cryptocurrency legal tender, making El Salvador the first country in the world to officially classify Bitcoin as a legal national currency.
According to experts, you should not only rely on the income that you generate from your active job, and 20% of your total income should go towards healthy investments and savings.
In fact, passive income is the road to financial freedom, but you should have enough income to cover your savings and necessities.
Starting an online business that generates real passive income is not a pipe dream anymore and it has the potential to change your lifestyle forever. However, this is not a get-rich-quick scheme and success just won’t happen overnight!
Conclusion — PlotX Review
The bottom line, PlotX has a decent website design and a very easy-to-use interface that makes creating cryptocurrencies’ price predictions fast and efficient for beginners and experts alike, but at the end of the day, it’s still some sort of gambling, and it involves high risks!
This article has reviewed one of the best cross-chain decentralized prediction market tools that allow you to make money with Bitcoin without buying it.
By the time you finish reading this helpful tutorial, you should have a clear idea of how to purchase the PlotX token, how to create a market prediction, and how to start a real online business that can supercharge your investment portfolio.
If you find this post inspiring and useful, share it with your friends, please! (Virtual high fives and hugs to all my sharers out there)
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