Bitcoin Forum

Is there anyone out there that makes a living on buying, selling, trading BTC.  When I say buying, selling, trading, I am talking about people who play faucets, gamble, trade services, or any other trading/activity with BTC.  If you are out there, please enlighten us on what we can do to get the same results on our end.

i dont do it because it would lead to only loosing my bitcoins

It will depend on your current budget, there are some ways to get a steady income in BTC but it will depend on which risk you are looking to take to get more coins. IN my opinion BTC Is money so im always trying to find ways to make money with BTC as I would be with USD or any currency.

Partly yes ! I have my Job as a software engineer working with an MNC which pays good enough to pay all my bills plus save up for future insurance plans .However I can't really satisfy my hobbies like lavish club drinking scenes,expensive clothing brands etc .I gamble with btcs to fulfill those requirements .

I don't gamble bitcoin for a living, but I have made some modest profits playing poker for bitcoin over an extended period of time starting back with original seals and other now defunct bitcoin poker sites until presently where I play at Betcoin.ag.

And since you're including buying/seling/trading bitcoin, well I'll just say I bought most of my bitcoin back when it was in the $7 - $14 range.  ;)

i really dont think people can be making a living by clicking faucets, i doubt it even pays for the electricity you use while clicking.

ive heard of people gambling for a living though, but thats mainly poker.

I think you already have good life but to earn more money to fulfill your lavish life needs would be better if you find some other ways to increase your earnings because gambling is not the way to make more profits on regular basis but if you have a luck you can make some times good profits but not every day. Good-luck to you  :)

I'm not sure any one is completely depends on gambling or faucets earnings but some people may be doing traders job for their living. Trading means not just a BTC trading but like share markets and all currency trading but for this one need a lot of investments. Honestly I would like to tell you that if any one getting a success from these methods but they will not share tips in public.

With faucet and gambling there's no chance of making a living. but if you're good at reading price charts etc.. you could make lot of bucks trading bitcoin/shares (requires investment at first). i've started trading few weeks ago till now i have made only 20 bucks, i hope will make much bigger profit in future and not lose.  ::)

for me I can make a living here by signature campaigns and by playing poker , cause you don't need much money (in USD ) here to live a good life
the avg salary here is less than 100$ monthly , so I think whatever I make monthly by hanging out here and grinding micro SNGs I will be making a good amount of money comparing it to what people are making by working on normal jobs

Yeah thanks man ! In know gambling isn't the key but after 8 hours of tiring job I m barely left with couple of hours to do some money making online.As you know starting a new service or some online business needs similar amount of dedication,so gambling remains as the only feasible option .

Yes. you can make a living by going all of your property in. The question is how much is your capacity of carrying risk on your life ? If you can endure it go to gambling or trading and son on. if you can not endure it then go to find a job and work for others and get some money.

a good friend of mine is playing poker for a living but on pokerstars,
so there is chance to do it but only in poker,and that is not easy to learn to play like a pro
regards.
-Katerniko1

I used to do this for about 4-5 years and i quit about 3 years ago.  There are better things to do, dont fall into that trap.  If you have to do something like that try and trade bitcoin markets, at least the skill is transferable if the bitcoin market fails.  You become a poker player and your life will go to shit.  Seems cool now but its just a shit long term plan.

Why not work on things that you can do for next 20 years etc and be happy/healthy?

There are very little people who gambles btc for a living. However, it is very risky and you need to be discipline to follow your betting strategy. Nevertheless, there are no guarantees in gambling that you can earn money. You could lose all your capital in an unlucky day.

work on what :D for next 20 years things will be even more fucked up then now
no thanks ill be better playing poker and earn some money that is decent to live with (im good but yet to master it)
regards.
-Katerniko1

simply there no way of life if you gamble you are beeing addicted to loss and being addicted to lose everything you possess int btc soo its better for fun just a few satoshis

Well, 10% of my spare money goes to gambling, which I win alot with, and I use those winnings to buy ingame items that I usually pawn off xD

I don't really mind if I lose, as I only Gamble what I am willing to lose. I still have 90% left of my spare money, anyway.

I don't think someone is actually gambles BTC for a living besides those gambling sites owner.  I don't even think someone who is into BTC lending doing it for a living as well.

Op if you think that faucets can create any kind of opportunity for you in 2015 you are very wrong. To gamble or trade BTC you either has to be early adopter or buy bitcoins for you FIAT.
If you can offer your skills in exchange for BTC it is also good option. Then if you acquire sufficient amount you can gamble or trade with it. I don't see any other way.

Dude i dont know your age right now but poker is a young mans game forever more or less (mathmatical peak is like 23 years i think for a brain) - Unless you are a poker celeb like daniel negreanu you wont enjoy playing poker 6-8 hours a day when you start getting 27-30 years old etc.  So if all you've done up to 27 -30 years old is master your poker skills you'll be up shit street by that time.  Games get harder year on year as poker isnt growing globally anymore to the levels it once was.  The grind gets harder mentally and physically. 

There is limited scalability in poker also - have you thought about that single scalability factor, it might be the most important thing to consider?  I remember i made more in my first few years as a pro than i did in last.   Poker does not scale well at all, you likely get to $20,$50 or even $100 per hour and then its all downhill year on year.

Even if you are 18,19 or something now there are many better things than full time poker playing, it super unhealthy for your body and you turn into a moron who thinks about everything single thing in life in terms of poker.   

Play part time and work on a something else also, you can still make good money at poker but not be stuck with it.

When i first tried quiting poker it actually took me about 2 years to actually fucking quit, its really hard to adjust to anything after grinding.  I ended up selling some shit on ebay at first to make a livivng and since have worked on selling other shit online in various ways.  It actually scales very easy what i do now vs poker, i can actually see ways i could scale to $300k - $500k a year infact (nowhere near that now but the point is it really is possible) - no chance with poker unlesss you are a genius. 

I still play occasionally.  Thinking about getting back into some part time action but just for fun.

What should you do instead i dont know, diversification is key.  What are you good at? I suggest you make a business somehow, same freedoms as poker and way better in so many ways.

I dont understand why you can earn that big amount in doing exchange? You can't get that much in such a little time except you have more money to do that exchange thing may be you can earn that big but that will take time too

I don't honestly think it's possible to earn a living solely on gambling as 99% of sites have house edges and unless you have insanely deep pockets to begin with eventually your "strategy" will fail and you will be left broke. It is impossible to make a living wasting your time with faucets and trying to gamble it into anything sustainable in the long term I would say..

I have been as of recently encouraging fellow low caste BTC users to instead of waste time fauceting go out and learn skills that you can sell online for BTC. Sure as hell beats going around wasting your life for fractions of cents while being bombarded by ads and lord knows what else.

never gamble for a living you gonna be broke  :o

many are doing this. I am sure many of which make gambling as part of his life. it is an option  ;D

I do. I'm playing poker. It pays well.

There are risks of losing your money although, and not being able to pay your rent, if you're greedy.
I've limited my gambling to $40 per day. When I hit double that, I leave the table and don't look back till the next day.

All you need is skill and patience. I've been playing poker professionally since my teen years.

PS: Click on my signature link and see what I offer.

I think there are a few of them out there who make a living of BTC. Those who owns a gambling site that accepts BTC and pays BTC is included here I guess. But juts like what others said, you can't live with just playing faucets, there has to be some other source of BTC income like campaigns, selling and trading digital goods in exchange for BTC.

i understand yours opinion but well, this could be discussed but my standings are that if your really good you can make a nice living from playing a game where you enjoy,and good living with witch you can open your own bussnies and be your own boss.
i think that poker is game witch gives you oportunity to be what you want in life (lets say you want to have a firm) you can easily make money to open it with playing poker (only if your good enough)
regards.
-Katerniko1

I play dice and gamble sports on a daily basis. Im not saying i win everyday or anything but i have my fair share of good days. If youre looking for solid advice on what to do to be a consistent daily winner i dont think anyone can really give you that. ! thing i would suggest for longterm is maybe invest into moneypot but you would need a decent sized investment

unfortunately i never can do that because basic of gambling is pure from luck and i don't have much luck for make a living from gambling

I don't believe that gambling will make your life better,  looked like an easy way to make some money because it can double or triple your money instantly but nah .Yeah, gambling it's just a matter of luck!

I do not think many people gamble for their lives, but I think if they win, its gambling money is sure just for fun, like a drunk, paying for women. because if you gamble for a living is wrong, because you will never get it

well there is actually tons of people who live on gambling and they win a lot a lot everyday. it is just that most other people wont know how to stop and end up losing so much money. and this is where the real gamble will profit from it.

you gotta be way to disciplined to grind.  When I play poker i want to play more than just ak aa kk qq lol - You can sit for an hours and not get a decent starting hand. Have a real job and just have fun with gambling imo

I did make some small savings at poker but looking back it was very hard work to get those savings, could of made the same savings doing many other things. You dont always need much money to start an online business, i didnt need much.

Being good at poker and making something like $50k - $100k a year seems very hard these days.  I just been checking out the cash games over last couple days on pokerstars and they play so tight now the action is dead.  I used to 20 table 100nl and make about $70-$80 per hour on average. Problem is you think great $70 an hour, i'll just play 40 hours a week and make tons, reality is you put in about 20-25 hours a week.  The bad runs hurt 4 times as bad when you play fulltime and need the money - you need to take time off to recover from tilt = less hours.

I had the same idea, make some money @ poker, buy a house, start a business etc.  Wish i just play part time and started business right away looking back.

I don't think faucets is an actual gamble. Unless you're talking about the chances you'll get some more satoshi.

You don't lose anything by using faucets. It will take a long time before you earn 1 btc with faucets, so you can't really make a living out of faucets.

Faucet is not actually a gamble, it's a service, just for typing the correct captcha and you will receive a dust. It will take years for you to earn 1Bitcoin in faucet, a waste of time. 

I am nowhere near good enough in any type of gambling/betting to do it for a living. I'd be living on the street if I tried :D

Gambling should be a hobby, something to do for fun.

Actually I disagree with you .If faucets used properly can make a shit lods of btcs .I'm just giving an example of a guy who used to make 0.1 btc a week with just faucets. The trick is to run multiple faucets for 24 hours a day and multiple accounts using VPN's.This can be a lazy trick to earn free btcs but consumes a lot of resources .

If you can dedicate your whole time and resources just to run 'faucet machine' then you probably will earn more than peanuts. But it is as you said, you MUST have machine online for 24h.
In some places electricity bills will be actually higher than your income from faucets.

Wow! So you do make money with gambling? That's impressive. But do you think there is an option you lose more than ever earned one day? I mean I don't wish this to you but all the gamblers end up like this I think.

Good luck though )

There's a big difference between gambling and trading but both involve risk. I wouldn't fancy my chances at earning a living by gambling but it's much easier to do it by trading, though I wouldn't rely on it but you can make a nice profit every now and again just buy buying low and selling high. Personally I would rather hold my coins for the long term gains, though.

Yah i am interested too I am just wondering how can you be so awesome just gamble for a living and do you do it with BTC too than?
If so I want to know your experience even more because I kinda want to do it as a living (poker).

Raping faucets for money could be compared to something like doing thousands of competitions IRL to make extra money.  If anyone is a professional faucet grinder that would be interesting to see.  Another poor choice of a way to make a living unless its all automated.

I guess it can't be automated. The way faucets works right now is very hard to come up with good script for automated withdrawals. Numerous captchas, script blockers are and issue.
You would probably sit around and control your faucet machine manually - which is not so good option as you will be wasting your time for doing tedious clicking over and over again.

It's a hell of unskilled labor without automation gives meager earnings so so I think what fauset unless you're the owner not the best option of earning.

first of all i dont think that gambling bitcoins or any kind of money for a living is a good idea because it will make you loose everything in my opinion and secondly its impossible to make a living from doing that

im not gambling to make a living as i have a decent paid job and i dont need to take such options to make money though i have some friends who try to do that and till now they are doing unsuccessfully as they dont have enough money for a living

TBH, you really can't unless you cheat. Sure, you can profit if you are good at poker, but there are some counter-measures people take so you can't read them. You can always lose, and trust me, you don't want to. Gambling is entertainment, not a job. If you do it as a job, you're insane. One day, you'll lose all you have and maybe since you're already so addicted, you'll do something crazy like take a loan to gamble. I only gamble using faucets these days, I once lost a thousand dollars of items on a jackpot site....

I am not Gambling BTC for living. This is not for me, I am afraid to lost a big. I am Gambling for fun and try to live and be happy.

     Well, I've read a majority of the posts in this thread just to get a consensus on the opinions expressed herein.  I would like to add that one can definitely realize a positive rate of return by playing games of "skill" where chance is a factor, as opposed to playing games of "chance" alone.  Poker is a good example.  It doesn't take much to become a player with a positive ROI with poker, especially if one were to find a site that has more of the "gambling" variety of players, in contrast to the variety of players who play with a developed skill set.  There are several tools at one's disposal which may be used to facilitate acquiring such a skill set.  There is software that enables players to search sites with "soft" playing fields....colloquially referred to as "bum hunting software."  There is software that keeps databases of statistics which provide an overlay onto the table of those statistics, in real time, called Heads Up Displays (HUD's).  By utilizing those tools and applying a  strict mathematical knowledge, it is not difficult to become a player with a positive ROI.

     Now, I am not saying that it is super easy, and I'm not saying that anybody can do it.  It is like any other profession where education and experience facilitate sharper learning curves.  Proper bankroll management, cogent mathematical ability, comprehensive understanding of available software, and a consistent evaluation of one's own "leaks" are all basics to becoming a winning player.  Like with any other job, use those skills, start at the bottom, gain some experience, and you will be on your way to gaining a positive rate of return on your bitcoin investments.  There are several good rooms that are excepting bitcoin which are also compatible with the above mentioned software.

  

It is good decision of not gambling for making money. Also one should check there luck some times as you said gambling for fun and if your really lucky then you may make some good profits during your fun time.

With fiat, there are many people who gamble for a living, but I don't think anyone gambles with BTC for a living. It's probably because most of the gamblers who make money off gambling win their money from poker tournaments; there aren't very many big poker tournaments around for bitcoin. Also, most bitcoin gamblers like to play dice, which has a house edge, making it impossible to win the in the long run.

There's a couple of really big bitcoin tournaments coming up next week on Betcoin.ag.  There's a 500K USD GTD MTT on November 29th and then there's a 1M USD GTD MTT on December 6th. There's also a huge tournament series the following week with a $1.75 million dollar prize pool.  https://www.betcoin.ag/betcoinag-presents-online-super-series-iv-over-175-million-btc-prize-pools.  You can buy into them all with bitcoin.

Bookies do live their lives by living on gambling , Gambling on large scale becomes Fixing and yes fixing can let you live a luxurious life.
So living on gambling is Possible , but not all can be a true gambler.

Oh wow, I didn't know such big tournaments were held for bitcoin. Then, there must be some poker players that can make a living from gambling bitcoins, just that the media doesn't cover them.

the billionaire poker is always displayed. they are always honest show their wealth. this is what I like from the players, they are honest.

completely untrue, there are plenty of people that have made it big off a lucky streak, or earn a living through games such as poker. it is never a guarantee that gambling is a for sure loss, otherwise people wouldnt ever bother gambling knowing that they would just be throwing their money away. and again, its not impossible to make a living off gambling, theres plenty of poker professionals that would say otherwise.

yah and when u see the poker tournament, the amount of money they win is ridiculous. dont say the top winner, even the top 10 also win an insane amount of money. but i also hear that the entrance fee is very high too.

You will never get money from faucets although you really have that 'faucet machince' like you said if you didnt have any reff I dont think so you will earn much and it sure needs more time and it is not worth to sacrifice your time just to get that little bit of money

you dont just use your bitcoin just because others are making out with it. it needs more than that. for you the easiest way is just to hold the bitcoins and wait for the value to increase and if you are mature in the world of bitcoins you can do some trading with it. thanks

is there anyone do this?i'm sure there will be so many person do this.bet and gambling for living,they life with money from bet and gambling,and i;m also sure that one is never so hard to get money,i know that because some of my friend do that.

Trading is not a completely gambling, it's need analysis to make profit from it, gambling is totally based on luck and people who living with gambling is bad person i think.

you're probably on the wrong path if you want  to make a living with gambling, i highly suggest not to think of it. if want to earn with gambling, just consider it as a side earning. but if you want to be broke in the end, continue it then :P

Yes also gambling could be used to do the side income or to manage your pocket money if you run short of it at times.Its very important to work hard in life in order to be successful .Gambling won't really make you rich because at the end of the day it will leave you broke in the long run.Though there are a few scenarios of lucky gamblers but the probability of that again is too less like next to impossible.

well i know a friend that trades for a living and since trading in considered as gambling too, i can say that he gambles for a living

and i don't  i just don't understand how can you give all of your money to lady luck, and hope for best day by day,  i gamble sometimes but by $ not more

Its very hard. Because it cost a lot of money and time and that is very bad. I just indeed gamble for fun.
Not to be rich otherwise you will lose a lot of money and that will be so bad and it is also all wasted and that is very bad.