Most of us are well-acquainted with the world of Bitcoin. The pioneer cryptocurrency made its debut in 2009 and has been killing it on the crypto scene ever since. While Bitcoin has a lot to offer, one of the most recognizable things about it is the incredible money-making potential. Lots of people view Bitcoin as a ticket to living a luxurious lifestyle, and they’ve come up with some pretty creative ways on how to achieve it. Among the many ways of earning big with Bitcoin is the popular trend of Bitcoin freelancing. If you’re a newbie to everything Bitcoin, then here are some of the biggest pros and cons of the Bitcoin freelancing process and why you might want to consider partaking in it.
There’s Virtually No Risk (Pro)
Whenever someone mentions Bitcoin, the first thing we think about is its immense money-making potential, but also the risk that comes with it. Most methods of earning Bitcoin involve some type of risk. Whether that’s a very high risk like with Bitcoin gambling or a moderate amount like what we see in Bitcoin trading, it’s always up to the user to decide if the stakes are too high. With this aspect of Bitcoin in mind, many aren’t too keen on giving the cryptocurrency a try for fear of losing their initial investment.
What separates Bitcoin freelancing from most of the other Bitcoin earning methods out there is the low level of risk that comes with it. Unlike other methods, Bitcoin freelancing doesn’t require any financial investment, but it does require time and effort. Bitcoin freelancing is pretty much the same as classic freelancing, with the twist of being paid in Bitcoin added into the mix. Practically the only risk Bitcoin freelancers have tied to the activity is the ever-changing price of Bitcoin. If Bitcoin sees a steep price drop after the work is done, it can feel like they’ve been underpaid.
It Can Be Very Tedious (Con)
Most people that step into the world of cryptocurrency do so because they want a second source of income other than their regular job. Unfortunately, Bitcoin freelancing isn’t the best option in this regard. If a side-hustle is what you’re after, something like Bitcoin trading is often a better fit. Sure, this option does come with more risk, but it also comes with more freedom and some great help. If you learn more about Bitcoin Prime, you’ll see that trading platforms like this make Bitcoin trading easy thanks to the excellent tools they offer, like automated trading through AI tech.
The Bitcoin trading option is more flexible for a couple of reasons, but a big one is the time saver Bitcoin trading platforms can be. The one we mentioned earlier only requires less than thirty minutes a day from users to tweak the settings. In comparison, Bitcoin freelancing can be a ton of tedious work. If you want to make bigger earnings through the process, you’ll need to invest lots of time and hard work, leaving you little room to work other gigs.
It Can Be Very Lucrative (Pro)
Bouncing off the idea that Bitcoin freelancing can be very tedious, you’d expect that all of the hard work and effort would pay off. Luckily, you’re right. If you’re keen to make Bitcoin freelancing a primary source of income or at least something you invest a lot of time in, then you can earn pretty well! Like with traditional freelancing, the more demanding jobs you can find on Bitcoin freelancing platforms pay more than enough to get you accustomed to a luxurious lifestyle.
Of course, there’s a bit of catch here. Not all Bitcoin freelancing jobs pay the same, so having some excellent tools in your tool belt can be your ticket to big payoffs. As with all jobs, Bitcoin freelancing gigs that require specialized skills pay a lot more. Currently, some of the most in-demand skills you’ll find on freelancing platforms include digital skills like coding, web design, graphic design, and video editing. Out of all of these, potentially the best way to secure regular high-paying work is experience and knowledge in computer programming.
Easier Tasks Pay Very Little (Con)
This part doesn’t come as a surprise, but it’s not nice to hear. If you can only spare a little time for Bitcoin freelancing or don’t have any specialized skills to boost your career, you shouldn’t expect much. The easier gigs on Bitcoin freelancing platforms often come in the form of filling out surveys and website testing. While these gigs are pretty simple and don’t take much time to complete, they pay practically nothing. If you want to step up your game, picking up a few top-notch online courses might be a good idea.