Bitcoin Forum

I want to make a living by trading and selling btc. But I am very new to this industry. Please give me some suggestions and tips to make a living with investment of 1 btc. Thanks for your time.

If i were you ,i will use my money to make a new business rather than buying btc which have no guarantee that it will give you profit.
Btc is.only profitable when the price goes up..

when you dont have faith in bitcoin then why are you wasting time here in bitcoin and this forum, through Bitcoin you can earn in so many ways through this forum if you go through this forum fully.

Just do your research before buying any altcoins and also learn to read the charts
Other than that there's not really much anybody could help you with. And if they could they wouldn't tell people.
You will probably not be able to make a living off of an 1 BTC investment

New business as in ? I am in India and i think Btc has potential future here even though the prices are already high. So i want to invest in it. If you have any other good business with profits around 500 USd investment. please do let me know. thanks for your reply :)

Exactly, I would like to suggest that if you hold 1 btc at a moment then buy some high rank accounts and try to join in multiple campaigns, as it will help you to grow your coins over a period of time.

suggest me a few ways or some topic in this forum to read please.


what is an good investment to make a living using btc ?


buy high rank accounts with that 1 btc ? and use it for campaigns ? sounds very new to me. can you please elaborate ?

I think it's better to invest on bitcoin by wait and holding your 1 bitcoin right now, because the halving is close and many people speculate the price of bitcoin will increase.

Make a living just with 1 btc its so hard i think, i suggest you to get a job and then you can living from that, about your 1 btc, i think you can invest in some altcoins because the price is low now, so i think this is the best time to buy it.

Altcoins are very volatile nowadays. Instead of day trading I would split the investment between coins that are not at the market yet. Select 2-3 ICOs and invest there.

Agree.. ;D. The price of alt coins now are lower than before because they only depend on bitcoin if the bitcoin price is high the alt coins are cheap. So i agree with you to buy many alt coins with that 1 btc because he can earn a lot of bitcoin soon if the price of bitcoin just calm down a little bit :).

actually 1 btc is good amount to start trading because those amount is not huge but also not small but first of all you have to learn how to trading, predict the prices also predict the market and if you were understand how to start it with 1 btc i believe you could earn daily profit from your capital

thanks for the positive reply. :)

Hey, assuming this a real question, you can't make living with 1 btc. How are people supposed to retire with 700 usd?

It would be good to know how old you are. You need to calculated an average yearly income youto cover your living expenses. 1 btc definitely won't be enough.

If you start in investing don't get fooled by high returns. Risk and return are correlated. No chance on constantly doubling your money without any risk.

Keep your normal job. Good luck

I am 24 years old. I am unemployed. I am planing to get money from family and friends for 1 btc and start trading with it. I am planning to buy some alt coins and btc. 

This doesn't seem like a sound plan.. You will be in a very speculative market trading (read gambling) with money from friends and family (which also creates 'scared
money' trading). Seems like a lot of risk.

If you are borrowing 1 btc from your friends and family then do not go for trading directly as you may even loose money with it, invest that in buying high rank accounts and join signature campaign.

I don't know much about the signature campaign. but is it worth investing to buy accounts? can you please tell me how much will it cost for account and how much i can earn from it ? thanks for your suggestion.

Trade them for fiat.
you can earn profit by trade bitcoin to fiat or vice versa on bitcoin exchanger, the key is buy low sell high, but you must learn about the basic, speculation, read and update every news daily, and other things. But if you want to earn profit fastly you can offering your service on localbitcoin to helping people convert their bitcoin to fiat you have to remember that your fee must lower than exchanger on your area, that's it you are literaly make profit by trading bitcoin no matter the price is down or up.

I was considering to do this. thanks for your advise.

I don't think you can make a living with one bitcoin. You can do some trading or hold it to make some profit but it's not enough to live on right now.

I think he can if he just have some patience on finding the good way to earn a living with that huge amount of bitcoin for me. He can start doing some research about trading altcoins which can help him to make a good amount of bitcoin a month if he just be smart on choosing and when he gonna sell the altcoin that he buy.

You can make a living with these Bitcoins by The following ways:-
1. You can invest this amount in mining altcoins, but now I am not recommend you to try this way...
2. You can make own faucet and earn Bitcoins with it.
3. You can Gamble with it, but Gamble at your own risk I Don't recommend you to Gamble..
4. You can try out other investment sites just Search on Google....
 

1. Mining altcoin is a good choice to invest with that 1 btc because mining altcoins for me it's so profitable because their mining difficulty is not that high unlike bitcoin.
2. Making faucet is a not good one for me because we know that it's hard to maintain the amount that the faucet usually give to users because of the incoming halving and high price of bitcoin and i think if ever he make faucet now it will not be profitable anymore because i believe that the visitors will be lessened after halving because most of them are thinking that the faucet is just part of history and not a good one to earn a lot of satoshi. So it's not a good choice to invest with that 1btc
3. Gambling as you said is not advisable because gambling has a high risk of getting loss of all your bitcoin. So for me gambling is just for fun and not to take it seriously to earn a living.
4. Investment sites are good but we need to be careful because most of the investment site out there are just ponzi or scam. So it's better to do some research about the site and study on how the site work if you find out that they are paying bitcoin from the new investors then it's obviously a scam.

I think you should only consider buying the 1 BTC if you're interested in Bitcoin beyond the money aspect and you can afford to lose the ~$500 if worse comes to worst. If you're looking for a safe money-making investment, then there are plenty of safer things than Bitcoin to invest in. There is absolutely no guarantee that you'll make money with Bitcoin.

Yup there is no guarantee to earn profits in bitcoin as no one knows how long bitcoin will be alive, invest only that amount that you an afford to loose.

Your choice is right to do a trade. I would suggest trading altcoins, it would be more profitable. but you have to learn in advance to have knowledge, so that you can make a lot of advantages.

there is no guarantee to depend on bitcoin for living. i think you can keep it as second option. the reason is that the price of bitcoin never remain fixed and there is a possibility of down fall after halving then what will you do. there for i will suggest you not to depend on bitcoin but try to consider it as an extra income.

yes there are no guarantees, but if you are an expert in the trade I thought it would always be profitable.
if the bitcoin price falls trading altcoin sometimes very crowded and prices are rising. because most will turn to trade altcoin when bitcoin prices down.

to me how a person can depend on one bitcoin for living. i think it is not the decision of a normal person. it is not good to depend even on 100 bitcoins for living. for living you need a permanent job or a well settle business. you can put the income of bitcoin on  2nd number.

if you want to get a profit from trade bitcoin with 1 bitcoin as your early trade, the only way is to hold it until prices go up after you take a profit then you can start to trading altcoin.

If you ask me i will use that 1 btc to buy as much altcoins as i can because they are cheap now and this is a good opportunity to earn a lot of bitcoin soon and after you buy altcoins just wait for the price of bitcoin to fall down a little bit so that the alt coins can skyrocket their price to the moon. But it always better if you do some research or do some study about trading to be sure that you will get good results and not a trading failure.

I have some friends who make a living from bitcoin, without having a job, and I think they were quite successful. because they are experts in the trade. could even make 1-3 BTC/month, sometime over.

Investment in BTC is like an investment in asset so you can buy bitcoin right now and stake it for higher price and after then you can sell it. Otherwise there are very few genuine ways where you can invest your bitcoin and get good returns on investment upto 50% monthly.

I will advice to stay away from scam and ponzy offers.

i think it is no a good idea to depend on bitcoin for living . actually the price of bticoin is so flexable that it is hard to say that when will the price of bitocin become stable like dollar or any other local currency. there for to me it  is not a wise decision to depend on bitocin for living.

Hi my sugestion is to wait  and hold your 1btc becaus from my look it is not good time to sell btc .. and if you need to invest it you need first fined profitable altcoin and trade with it ) my sugestion is not invest it in scam daily or houerly %  sites becaus they are all scam

But not as a beginner. And also the Money his not even his own, he borrowed it from Family. You should not start your first trades with a loan. If you lose it in a bad trade or ponzi scheme your Family might be angry.

Better get a normal Job first, save some Money, and decide late if you want to move into Bitcoins full time.

I'd suggest you buy some promising altcoin at low price and sell when price rise but you ought to exercise patience.You can as well supplement your bitcoin by purchasing a high rank member account in this forum to earn from signature campaign.On the other hand you can also profit from learning how to trade.

If you only have 1 bitcoin to play with then i would change make a living to making some cash on the side. With 1 bitcoin unless you live somewhere extrememly cheap i dont think you could make enough to actually make a living unles you are some kind of trading guru, but even then it would involve some pretty big risks. I would suggest either hold onto it or split it among some promising looking alt coins. Dont go all in on one though.

Well,yhanksy,im afraid that actually you are wrong.
You have many bitcoin exchanges,you can speculate bitcoin using two ways: buy it,if you expect it to rise,but some of exchanges also offer you to go bearish:
you sell bitcoin if you expect to loose some of it previous value.Poloniex is one of them,you can try it there.

while trading is a good way of making more bitcoin/money over time with your investment but it is a risky business and as a newbie you have to be careful and start small and you can't expect making a living by trading as a start. besides poloniex is not for trading bitcoin/usd

That's right newbies need to be careful and don't spend too much money in doing some trading because if they didn't know anything, it would be dangerous for their money because it's like gambling and they could easily lose their coins.
It would be better if he start searching some basic information about trading and also be able to understand how the trading works. So it will be easy for him to earn a living with trading.

If consider for principle 1 BTC is not enough to start any business which can run for long term. But in case of instant results Bitcoin is great tool.
Simply buy and sell bitcoin can give you daily earnings. Also can invest in mining and trading. These are also great ways to get good ROI.

I think for you I, more advised to make their own business offline compared to plunge into the world bitcoin. Bitcoin world is full of promises but also with uncertainty. But if you want to invest in bitcoin I would suggest to trade bitcoin instead altcoin for the make living. Thank you

Lots of ways to make money with btc. Just have to be smart about it.

first how many to you want to make per month from that btc  ? what are you aiming for ?
but i think it is a very small amount to make a living, trading need a lot of read, and i think you would be in deep waters, (for now)
and investing ... is more complex than trading... to find out is the investment site is a scam or not..

Honestly you are asking to make a living from $660 USD - even if you had exceptional trades, this is not achievable. Trading is not easy or a sure thing, you should consider alternative sources of income and earn more BTC.