nazareth1983
Registered Member
- Sep 1, 2010
- 74
- 83
I just wanted to share a possible big money maker with everyone on BHW forum. This is a theory I have been tinkering with and it is UNTESTED. And you will have to do some research in order to get up and going to use this method.
I'm sure most of you have heard about Bitcoin... And this is what inspired this method. I am just way to busy with my current projects, and make more then my fair share working online. And figured I'd give something to the members on BHW that make less then $$$,$$$ a year. After all I have been blessed and this sites plethora of information fueled the flame that made me the Internet Marketer I am today.
This method is trading digital currency for digital currency. Nothing amazing, but the trade rate is in your favor. This could be outsourced, but I'd be careful on how much information and trust I would give to the person you are outsourcing with. You must always protect your trade secrets.
Ok enough talk, now lets get down to the method. We will be exchanging bitcoins for MMORGP game currency such as World of Warcraft gold. There is nothing illegal about trading digital items for digital items so the method is no doubt mostly white hat.
This guide is not going to cover a lot of the technical aspects, just lay out the blueprint. If you want the money you will have to put in a bit of effort. But this has huge potential and I am hand feeding you the recipe.
Step One: setup a bitcoin account at
Step Two: Obtain bit coins, this can be done freely by mining them (which should only be considered if you are unable to spend a few dollars to obtain some), offer to buy them at half of the face value with instant payment A.K.A such as PayPal, to make a larger profit on sites such as Craigslist, or you can just avoid any hassle and use
to buy them at around 3.00 per coin.
You should buy a minimum of 12 bitcoins. Ok so you must be dieing to see how this is even remotely profitable if you are paying out 3.00 a piece. Lets do some math.
Current Bitcoin exchange rate is 3.50 per coin, and I have seen vendors on games such as World of Warcraft looking to make connections with bitcoin vendors offers 10,000 gold for 3.5 bitcoins. Ok so now you are like what am I seriously going to do with 10,000 gold... Well that 10,000 gold is valued at 67.00 USD that will be sent right to your PayPal account upon selling in on a site such as
Step Three: Now to make this fast we need to take profits cut and get a middleman. You need to find someone that will buy your 10,000 gold or whatever currency for whatever game you decide to use. So face value is 67.00 for WoW gold, so we will cut off 17.00 so the middleman can have a chunk of the meat. And allow them to buy your 10k gold for 50.00 as you make exchanges.
This allows you a profit gain of 37.75 USD per. Now do this 10 times a day, 5 days a week and you will make 1,887.50 per week, 7,550.00 per month, and 90,600.00 per year.
That's at only 10 trades per day, and as I said you could outsource some of these steps such as the exchange of gold to cash, this wouldn't leak out any vital information. I would do my best to keep the exchange of bitcoins to yourself or someone you trust whole-heartedly.
If you like this method take it, use it, and scale it as big or small as you like.
Merry Christmas everyone on BHW!!!
~Naz~
I'm sure most of you have heard about Bitcoin... And this is what inspired this method. I am just way to busy with my current projects, and make more then my fair share working online. And figured I'd give something to the members on BHW that make less then $$$,$$$ a year. After all I have been blessed and this sites plethora of information fueled the flame that made me the Internet Marketer I am today.
This method is trading digital currency for digital currency. Nothing amazing, but the trade rate is in your favor. This could be outsourced, but I'd be careful on how much information and trust I would give to the person you are outsourcing with. You must always protect your trade secrets.
Ok enough talk, now lets get down to the method. We will be exchanging bitcoins for MMORGP game currency such as World of Warcraft gold. There is nothing illegal about trading digital items for digital items so the method is no doubt mostly white hat.
This guide is not going to cover a lot of the technical aspects, just lay out the blueprint. If you want the money you will have to put in a bit of effort. But this has huge potential and I am hand feeding you the recipe.
Step One: setup a bitcoin account at
Code:
[URL="http://bitcoin.org/"][COLOR=black][COLOR=lemonchiffon]http://bitcoin.org/[/COLOR][/COLOR][/URL]Step Two: Obtain bit coins, this can be done freely by mining them (which should only be considered if you are unable to spend a few dollars to obtain some), offer to buy them at half of the face value with instant payment A.K.A such as PayPal, to make a larger profit on sites such as Craigslist, or you can just avoid any hassle and use
Code:
[URL="https://www.tradehill.com/"][COLOR=black][COLOR=lemonchiffon]https://www.tradehill.com/[/COLOR][/COLOR][/URL]You should buy a minimum of 12 bitcoins. Ok so you must be dieing to see how this is even remotely profitable if you are paying out 3.00 a piece. Lets do some math.
Current Bitcoin exchange rate is 3.50 per coin, and I have seen vendors on games such as World of Warcraft looking to make connections with bitcoin vendors offers 10,000 gold for 3.5 bitcoins. Ok so now you are like what am I seriously going to do with 10,000 gold... Well that 10,000 gold is valued at 67.00 USD that will be sent right to your PayPal account upon selling in on a site such as
Code:
[URL="http://www.playerauctions.com/"][COLOR=black][COLOR=lemonchiffon]www.playerauctions.com[/COLOR][/COLOR][/URL]Step Three: Now to make this fast we need to take profits cut and get a middleman. You need to find someone that will buy your 10,000 gold or whatever currency for whatever game you decide to use. So face value is 67.00 for WoW gold, so we will cut off 17.00 so the middleman can have a chunk of the meat. And allow them to buy your 10k gold for 50.00 as you make exchanges.
This allows you a profit gain of 37.75 USD per. Now do this 10 times a day, 5 days a week and you will make 1,887.50 per week, 7,550.00 per month, and 90,600.00 per year.
That's at only 10 trades per day, and as I said you could outsource some of these steps such as the exchange of gold to cash, this wouldn't leak out any vital information. I would do my best to keep the exchange of bitcoins to yourself or someone you trust whole-heartedly.
If you like this method take it, use it, and scale it as big or small as you like.
Merry Christmas everyone on BHW!!!
~Naz~
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