Bitcoin Forum

Is this world profitable?

Hello I am a student of computer engineering (IT), and I really know little about bitcoin ect.
I wondered if indeed there were any interesting project that was worth the trouble to be improved or developed ..
Obviously I do not have the technical knowledge and the appropriate experience to a solo project, so I hope someone clarify me the ideas and if I can direct to a good project / team!

As someone who's in IT you should be interested in learning more about BTC and the technology it runs on. It could have a lot of impact on the future of the IT sector.
It's best that you browse around and look at ongoin open projects. You shouldn't be in it for the money but rather for the experience. Choose a project that interests you and offer to help out. Any compensation should be regarded as a bonus. Employers want to see what experience you have so best get as much of it as possible.

Other then checking bitcoin core Itself ? I would suggest looking into Lightning network which is a decentralized network that should allow instant and off chain transactions or there is TumbleBit which is a new payments protocol that gives us the ability to make anonymous transactions , more secure then they are now. Both projects are in the early stages and none of them are implemented on bitcoin yet.

You study at good college so you could learn about crypto currency rather quickly. You can meet many people here and get connected, who knows, maybe you'll make your coin one day, and it becomes next bitcoin :D. Anyway good luck with college, you made right choice, IT is really best choice for future career.

I agree with them, skip the economics of Bitcoin instead focus on the technical aspect, to make use of the experience and knowledge in due time.  It is related to your course, so having an experience towards this kind of stuff and added in your portfolio will make it attractive to your future employer.  You can try reading Bitcoin Whitepaper to start your journey here :)

I would propose to you first to learn some about bitcoin and blockchain technology and why not from a known university like as Princeton and free because is MOOC using Coursera platform. So you can enroll following this https://www.coursera.org/learn/cryptocurrency even though they are in the penultimate week if I'm not mistaken and to do the programming assignments which are implemented using Java. I believe, given that you study IT is one of the best because is a free and online, ways to learn many things about bitcoin. After that, you can research deeper and you will find many things if you are willing to deal with crypto currencies world.

thanks for the tips, All Precious.. I would like to clarify one thing, what are the profit margins in your experience? I think it is very interesting to investigate, but I'd rather do something useful and enjoyable. A return is able to motivate and to evaluate their own work..

First is to read and read and read. You knowledge is a scratch for now.

While studying Computer Engineering as your college course, spend some time to research what cryptocurrency really is especially bitcoin. All information including the basics can be found in just 1 click away from Google search. That is really a long reading that's why can't posted here but I promise it will worth a shot. You may automatically know what to do now to take part in the world of cryptocurrency  after some hardwork of reading and lots of efforts. Hopefully you will stay and will never found bitcoin as a boring one.

There is a ton of money to be made in the field of bitcoin, be it if you're a coder of if you're an entrepreneur wanting to start a bitcoin related business.

If I were you, I would suggest going to some of the innovations from the bitcoin community such as hard-wallets, exchanges, gambling sites, and so on and see if any of them would require services from someone like you that can code. Probably will be a highly profitable venture for you if you can code well.

Good luck bud, and welcome to the revolution!

Bitcoin could be profitable in many ways for people who secure to get in any form of Bitcoin business, you just have to have little entrepreneur spirit and knowlwdge.
I thought at college like yours Bitcoin and other cryptocurrencies is the obligatory subject by now where students should get some quality information. I'm surrprised to see this is not the case.

if you have to ask then i doubt that working in bitcoin is for you.  read alot more about it and once you start to understand the potential i am sure you will become engrossed like the rest of us......  ;D

up to 100%, depends on how much you will get the net income.

Maybe the mining process, I guess? Since the bitcoin mining requires a higher end PCs to mine bitcoin in a smooth way, then why don't you make a project about this thing, make a PC that can mine bitcoin or a hardware that can mine bitcoin like how higher end PCs or expensive hardware can do, but in a good price that anyone can afford. In this way, many people will mine bitcoin and bitcoin network would easily increase and bitcoins would grow everyday and money won't be a problem anymore to anyone, we can even help poor country when this happens.

You are a college student in good
I think you should have a group to jointly develop
teamwork will be more effective, I believe you can develop your talents

Most likely  its is not going to be hard for you to adapt the technology because as you said your an IT guy means your familiar to technology right?   I suggest to you to research a lot about blockchain technology there is plenty of articles across the internet which will greatly help a lot for you to be enlighten about this technology and also try to attend to seminars that are related to bitcoin or cryptocurrency here in the Philippines we have those seminars and If you live in other country just do really some research I know there is a lot of seminars happening in every country you just have to find them and maybe you can find your team that will help you to have a good project !

if you have good skills then i believe you can make money employed. there's a lot of activity among certain companies. at the same time i also believe you can make more money elsewhere with way less risk. i don't think many or any of the legit crypto businesses around right now will still be around in a couple of years.

same goes for going solo. you can work easier and make far more money in more established areas. crypto is still figuring things out. great to keep a finger in in case of future success but i wouldn't go all in myself.

I agree also on this aspect, as a student myself I am also for the experience. Someone advised me also that I will pursue what I love to do and compensation will be rewarding at the end.If you master your field and be known to it, they will come and find you.

Though he's an IT student, he is new to such a technology. It takes some time to learn about it clearly and same as him very few IT persons have known about bitcoin. Possibly these people can make a better earning as lot of fintech service providers are in search of Blockchain developers to be recruited.

I expect that knowledge of the bitcoin technical properties, blockchain network and its possible application would be very useful on the job market in the future.
It is rising technology and we already can see huge stir it caused. When you will learn it fast you can be one of the few developers taking the biggest share of the cake.

Not really nothing here to watch, just move on with your life. we already have a couple of thousands of such projects that you have in your mind, they are called sh*t coins sorry alternative coins in disguise of new technologies, coding platforms/smart contracts/DAO and such.
We all know what happens when a coder/skillful person/scientist enters crypto, they want to be Satoshi and start a revolution but only to take their premine and or dev share and have their own perfect lives.

As an IT student, You have a chance to browse and read about bitcoin or crypto currency since you're holding the mouse of your computer or laptop. Even if you have a little thing about it make sure you understand the content and the potential for making a money. It is profitable if you really enjoy of what you are doing. 

Well, anything is profitable if you look at it in a different way. It all depends on your prespective of things. Bitcoin is for sure profitable as it is gaining popularity today and if goes mainstream for sure it will be be a cash machine for developers. Just try to develop something useful to the world like payment gateways for groceries or something in those lines.

Of course yes many projects related bitcoin for example remittance service, bitcoin's ATM,
 there are not many people whom build this sectors,
for the people who know computers engineering (IT) is like you, building projects for apps markets
exchangers is more suitable for you than other projects.

i think currently 99% people are using bitcoin for making money. some people are investing their money in buying bitcoin and then holding it for the price increase, as we can see that presently the price of bitcoin is increasing too much. some people are using bitcoin for trading alt coins and are also making money from there. some people are also investing their bitcoins in gambling sites. i think very little number of people are using bitcoin as currency.

Being a student you can explore yourself by browsing google, because you will find many related articles about bitcoin. Even you can estimates how a block chain works. Bitcoin is completely different where you can learn easily when compared to others. Yes many IT people still don't know what is bitcoin.

The buzz word in the industry lately is : BLOCKCHAIN technology. Bitcoin is the currency token being used on top of the Blockchain, but the Blockchain technology can be used for much more. < Example : Smart contracts > The FinTech world is changing now, and a lot of this is being pushed by investments into private Blockchains.

This move is stupid in my opinion, but try telling that to people who has very little knowledge on what makes PUBLIC Blockchains successful. 

If I were you, I would concentrate on public Blockchains. < cut your teeth on a new Alt coin >

If you really want it then pursue it ! You are still a student there still so much potential within you If you really want to know more about the technology go buy some books or search all over the web I'm pretty sure that you will learn a lot from it ! Being a blockchain developer is really hard you will really need a lot of hard work and of course you have to be smart but in the end it will pave the price because the salary will be more than you expected ! Meet some people and go to events that compose of crypto oriented individual I am pretty sure that you will learn a lot, Good  luck !

all you need to know is that bitcoin is a currency and a growing one. and since it is still new and is being adopted slowly, it still needs so many different services,... there is a lot of room to work with. one problem is that coming up with a profitable one, and when someone comes up with it, they stick to it themselves not sharing it with anyone because sharing means creating competition! 8)

Blockchain tech is just booming and there are not much developer/experts so if you can learn about it quickly than you may still find your place as one of the successful blockchain expert in the world. You may get hired by some big corporate giants or you can start your own blockchain based projects. Good luck..

i think if you have good skill in codes, maybe you can start to build your own website, the good one is you build faucet website, attract people to play faucet in your sites, you can add the ads so you can have click on the ads and you make money. if you want to get involve with the developer, then you must have best skill in coder because i know that only good coder that will understand the process of the building the project.

first tell us in which field you want to make a project or are looking for a project to contribute to.
you say you have no knowledge of bitcoin and anything technical so it can not be anything related to technical aspects of it.
the only thing left for you is starting a service or find a new service that is looking for contributions and help them. unfortunately I don't know any. you can look at Project Development board https://bitcointalk.org/index.php?board=12.0 and maybe you will find something there. also you can always open up a topic in services board announcing your skills and ask for projects.

It's not just about learning about the bitcoin, but the infrastructer that bitcoin uses, the blockchain and how things work.

The title is misleading to the thread but learning about bitcoin really worth, it may change your life in the future. By troubleshooting you will learn more about bitcoin, transactions, fees, mining etc.

We have the same questions in mind when I started bitcoin. I'm also wondering if spending effort and my time in this community is worth it? Will I really gain in bitcoin community? Is it not a SCAM? These are the questions that comes to my mind when i'm a newbie but believe me, you really can earn in this community!

Crytocurrency world does really give you money specially you have knowledge on computer/IT things and as you surf on this forum you will definitely find projects that would really suits your skills and you just need to find them. Money would be still the same on physical world or even more.

Bitcoin technology is completely different technology where it is developed with good thought, being an IT student you can acquire the knowledge very soon. Many big companies are researching block chain technology, if you familiar with all these new terminology definitely one big company will hire you as block chain specialist.

You are in the right place, I think since you are from the It field, you will like Bitcoin a lot, it has loads of improvement to be done and you could find yourself doing it, I think you should head on to the service section where you shall find many interesting opportunities. Also you should try and do more research on Bitcoin and blockchain technology and you will get rich profits I am sure if you find the right idea. You can join a team or make a innovative idea, it's really fun and the best place to earn if you get it right.

with estimates of time and energy with profits, would you say that it was worth the effort? and especially what you think of the industry? you think it's easy being able to have the first return (compared to more traditional sectors for IT)?


(p.s. In this day I have read several articles regarded miner, it has seemed to me to be an alternative with fewer margins... average situation )

If you really want to earn just learn how to mine bitcoins and altcoins. Then try also learn some trading. Enhance your skills daily when you become skilled enough you will surely get large profit. Trading is the best way to earn big even from small capital. This is according to my experience but its up to you to venture it or not.

As an IT student,Bitcoin surely your right choice.Bitcoin is a digital currency and have a great future because of only this reason many companies were researching this currency.You have little bit knowledge ,my suggestion search more using your search engine.Try learn more,skill thyself you will get a good profit.Stay tuned ..

Mining BItcoin and altcoins requires capital and I do not think that as a IT student, he is capable of buying mining equipment. Mining consumes a lot of money and electric and It is really hard to do that job alone. Therefore, I think he is suitable for writing and coding things and like and offer it like a service on Bitcointalk. If he succeed, he can gain a lot of money.

if you really are an IT you need to learn about cryptocurrency, and learn also how to make coins or smelling IT is suitable for you to know that, if you do not understand and the less clear you can see in google and also in yotube about this, I'm sure if you already know about bitcoin, many who will use your services there.

Mining equipment's were expensive, so an normal student cannot afford it. Better is to learn slowly about the various process involved in mining. This makes him a good miner. Else simply starting without basics will make interruptions.