Bitcoin Forum

Bitcoin the only decentralised cryptocurrency that is dependable and guaranteed return on investment which is undeniably the truth about it.

Bitcoin as a source of income or as an investment plan, which is better?
(It has many advantages and disadvantages, but advantages superceeds the disadvantages). Putting the disadvantages into consideration and as a person that want to lower their risk of loss, will bitcoin be suitable as a source of income (not fully, like part-time job), or investing fully in them and wait for a large profit since many users here in the forum foresee it that, at halving the price always go up above the current All time high.

Depends on how good you are at earning Bitcoin through work, and how much money can you invest. If you have only $1,000, you won't make a lot of profit, because Bitcoin won't increase in value by 100 times. Investing $1,000 is worth it, but it won't change your life. But doubling or trippling a larger sum like $50,000 or $100,000 is a good investing move.

As for earning, if you're earning more money with BTC than with fiat doing the same job, then go for Bitcoin jobs. Otherwise work for fiat and buy Bitcoin with your earnings.

Let me say the answer will render to you will depend on your subject, so bitcoin is been known as a decentralized currency currency and its independent in which government doesn't have control over the currency because its not centralized but only been decentralized. Sometimes government rise the development and adoption of bitcoin because is under their custody, so bitcoin should be considered or seen as currency but only that differentiate bitcoin with traditional currency is because traditional currency is centralized currency that is dependable by government of particular nation, so that is the difference between bitcoin and fiat currency, in other way round bitcoin is an asset and its use for investment that yield positively in its transaction or investment depending the category you venture in bitcoin investment.

Either source of income or investment plan, it depends on the one that’ll work for you when you look at things from different perspective. Seeing it as a source of income depends on the work you’re doing and being paid in BTC. Only some crypto related companies will pay their workers in BTC today since the risk involved in crypto trading is limiting its full adoption by all yet. It’s okay to work and be paid in bitcoin, it enhance its adoption in some ways too.

Also, investing in bitcoin still depends on the money you’re putting into it and how much you stand to earn in the long run. To reduce the risk of loss, having an investment plan will give you a better guide in the market. Investment could be in the form of trading or holding. To reduce the risk of loss being caused by the volatility of the market, its advisable to just buy and hold your BTC for the long time to reap your profit later. This is advisable for newbies and those that have no prior knowledge on trading bitcoin.

It all depends on the kind of job that you want. If you are talking about trading bitcoin as a job,then I think that you shouldn't put all your hope in it, because trading will likely bring your loss since it is similar to gamble. Therefore, it is better that you have a job before seeing bitcoin as a part time job. Even if you have invested in bitcoin and you are waiting to make profit from it in the long run, you must still have money that you need for feeding and emergency needs if not you will sell off your bitcoin for some important needs.

If you are talking about your earnings in bitcoin I think you can only see few jobs that pays with bitcoin. The only sure place that pays with bitcoin is this forum when you take part in signature campaigns. Also the amount which you have put into bitcoin investment determines the profit that you will make in the long run that is why it is advisable to use DCA methods where you can keep on accumulating more bitcoin to your investment portfolio, so that in four years time,you must have accumulated a significant amount.

You are not guaranteed ROI, people who asks questions like this usually have zero knowledge of Bitcoin, and they are closer to losing every sat they have than making ROI on them.
Bitcoin is money, money cannot be a source of income, you do something to earn money, and that thing you do is the source of income, thus what it is it that you do/want to do to earn Bitcoin (money)?
Bitcoin as an investment plan? It is your Bitcoins (your coins), do whatsoever is suitable for you with it!

Firstly you need to see bitcoin as a currency that is used for the payment of goods and services. Secondly, you can also perceive bitcoin as a hedge against inflation. Most countries suffer from inflation making their currency lose purchasing power. Bitcoin has shown over the years to be a good hedge to handle inflation. Bitcoin can be used as an investment where you buy and hodl for a long time until the piece appreciates. You can decide to sell and take your profit from your investment.

One of the ways to reduce the risk of investing in bitcoin is to adopt the DCA strategy. It is the process of buying bitcoin in small and equal bits over a period of time. It is better than buying a large amount irregularly. One of the benefits of DCA is that it helps to spread risk making it difficult to lose abysmally. Don't base your decision to invest on other people's forecasts or predictions. Do your own research so that your conviction to invest will be based on personal knowledge and understanding.

There aren't many jobs that you can get paid with Bitcoin. If you find one, that's great. Don't worry if you don't find one though, you can always convert your fiat money income to Bitcoin from exchanges.
There is no guaranteed return in any type of investment. Bitcoin price went up after every halving but that doesn't mean it will go up in the future. That's just a prediction coming from past experiences, nobody guarantee it.

Whatever works for you choose it but for the majority here, we're into it as an investment. While many are earning Bitcoin but if you're too patient in looking into more opportunities that will pay in bitcoin, you're free to do it.

And when someone says about earning bitcoin full time or part time, trading is what comes to my mind quickly.

It is doable but the struggle that you'll feel is gonna be for real.

Your question is a weighty one but I'll try to give a simple answer and I hope it clicks.
Whatever anyone make of bitcoin depends on his depth of knowledge about bitcoin. You can't be a newbie and jump into the decision of immediately making bitcoin as source of income cause that will mean you trading which is a very risky aspect of bitcoin with it's volatility which will suggest that for a newbie a long time investment plan of buying and holding is the best that can guarantee you profit.
For any person that wants to make bitcoin  source of income be it part-time or full, you have to first learn trading and this would demand seriousness and psychological build up too cause trading isn't for the weak.

I prefer this, find a job and treat Bitcoin as a long-term investment plan.
Buying a little by little using 10% of your salary would be the best or let's say you are investing Bitcoin in a DCA way and making plans in the future.

Because when doing a passive income in Bitcoin there's no guarantee of making a profit on it, more worse if you will lose your investment if you will force to make a passive income on it.

However, why people think this, passive income or long-term investment, Bitcoin created doesn't mean making a profit, it's an alternative to fiat that can make a peer-to-peer transaction model to enhance security and trustlessness, as no single entity has control over the network.  Transactions are transparent, immutable, and verified by the decentralized network, reducing the risk of fraud or manipulation, that's how Bitcoin was created not promising a profit.

choosing the safe option of making bitcoin a long term Investment Plan will be of benefit to beginners who don't know how to trade or to those who don't want to think too complicated. It is enough to make an investment plan in bitcoin, buy gradually and wait for a high price to sell it. To become the main source of income, you need qualified trade knowledge. The main income is active income and there will be a profit every time you trade.

No, I don’t think bitcoin should be relied on as a source of income. Only you’re a day traders can say they earn a living from trading bitcoin, if you’re a person hodling for long term, your strategy is not income but profit. Day trading is not for everyone, only those who can bear the loss of making such risky trades can be successful in trading. It’s far safer to hodl till the price hits ATH.

Mostly people who know nothing about bitcoins think it is a source of income, which is misguided. Bitcoin is not a traditional source of income and was not created for that purpose. You cannot  get profit from bitcoins without any major input in it. It can yield you profits from long term investments but not a short term immediate source of income like a get rich quick scheme.

Study the main purpose for the creation of bitcoins and see it for what it was created which is for mainly seamless transactionary purpose.

Just this, to be more precise, the less restricted side incomes, so its use would not go far from bitcoin's original purpose as an alternative payment instrument. Another advantage like volatility is the effect that is not conceptualized and unpredictable.

But it really depends on where you live. In some countries including mine, they allow bitcoin as an investment asset which indirectly limits its original function.

For the few days I've been fetching little information about how the development of bitcoin is been structured, I realized that viewing bitcoin as a financial tool leads to an incomplete understanding of the technology. I see bitcoin as a new technology, which has no manager or needs any to perform beautifully well. Every single transaction of bitcoin has numerous underground activities that validated the transaction, studying those unseen activities can reshape one's vision of bitcoin.

Now, I think this is a good question for reminder. Well, the correlation between the Bitcoin market and other energy asset classes is obvious. Why? Recently, when economic uncertainties, such as wars, global trade, the increasingly uncertain prospects for the global economy have made the demand for energy asset classes decline. At the same time, the demand for Bitcoin is increasing in response to the actions of investors seeking to hedge against the risks and uncertainties in today's energy markets. So, I think these two important points are included in one unit from your question, is Bitcoin a source of income or an investment plan.

One more thing, if we look at the history that has existed, from BTC journey to its inception until now, Bitcoin can be seen as an asset that helps avoid risk and is one of the top choices for now, especially for investors who want to be safe and minimize risk. also maintain their returns in case of unexpected negative surprises in the market.

Guarantee? Most of the time, this term is being used by scammers who are luring newbies into their scam. Words like instant payout, guaranteed returns, quick withdraw etc. I don't know if it's just me, but it seems like you are saying that Bitcoin can give you "GUARANTEED" returns, and the reality is it doesn't guarantee because there's always a chance that you will lose money investing into it. Don't mislead newbies here.

Both.

I guess it will all depends on how you will use Bitcoin. There are some who are using Bitcoin as their source of income thru trading, and there are many who are successful into it. On the other hand, there are some like me who are just investing into Bitcoin, holding it, and wait for it's price to increase, and reach my target price then I will sell it.

Lol, Bitcoin transactions doesn't involve any underground activities, it is a transparent currency/payment method, as for who validates the transactions, it is the Bitcoin nodes, and even you can decide to become a node if you want to. There are no 'unseen/hidden' activities, the Bitcoin blockchain is public, and it can be seen/studied by absolutely any person.

If you want to lower your risk of loss Bitcoin is the answer but do not put all your eggs in one basket, be exposed to risks I have my reasons for saying these words, someone who can't afford to invest a lot into Bitcoin won't make any life changing money, with 2,000$ invested in Bitcoin you won't change anything.

Do the math, maybe Bitcoin can do 5x max, your money will be 10,000, Imagine you DCA per week into Bitcoin and all you have invested so far is 2,000$? The higher you can afford to invest the better, this is why I like exposing myself to other altcoins too, 50% of my crypto portfolio is Bitcoin and the rest is altcoin.

I can remember in 2021 during the bull market, I think somewhere in April, I invested 1,500$ in a altcoin, I went away with 35,000$, if I have invested this money in a bear market, I would have made more because I got in when the market is already skyrocketing.

"Guaranteed return on investment" sounds too self-confident. If you are willing to wait a certain amount of time until your investment can bring you a profit, or at least you can return what was originally invested, then this is normal. But even at the moment when you sell and return your money without waiting for the growth of Bitcoin, this is a different amount than it was before, since inflation does not stand still. But you also miss the moment of volatility and the moment of the human factor when there are unforeseen cases of severe need for money. Under such a set of circumstances, the expression about the guarantee will not sound very optimistic. But are there many people who are able to invest large amounts and not need them for a very long time?

The part of Bitcoin being guaranteed return on investment is true but that will also depend on when the investor is buying or investing in it. Those who invested in Bitcoin in 2021 at its ATH of $68k+ will tell you otherwise because they're in severe loss at the moment. They've to wait till 2024 or so to recup their investment let alone profit from it. So, you see? It's not all roses for Bitcoin investment too. Just know the time and season before diving in.

On my part, to respond to your title topic, I see Bitcoin more of an asset than a payment option or any other stuff.

Congratulations because you have won your first two merits for a rather poor post but I hope it will encourage you in your journey through the forum.

There is no such thing as Bitcoin as a source of income in the same way that there is no such thing as the Dollar or Euro as a source of income. What do exist are jobs that pay you in Bitcoin, just as they can pay you in Dollars or Euros (technically speaking, there would be a way to lend Bitcoin for interest, but you are not talking about that and it is too risky for the low return they usually give)..

In a good way and wanting to understand benevolently what you mean, I think the answer to the dichotomy you pose is that neither one nor the other is better. The important thing is to accumulate Bitcoin to the extent of your possibilities to ensure a better future. If you do it with fiat money that you earn in your job and then buy Bitcoin or if you do some work in which you get paid in Bitcoin and that at least partly you save it, it is not so important.

What I have seen in Bitcoin is that it was purely an investment for me, not a currency. I make money from this which I could say that it even bigger compared to my day job salary. Might you can say it was just a part-time job but for me, it was more than that. But of course, with some limitations and can't guarantee 100% ROI, we should not think about being fully reliant on this. We should not think about Bitcoin as our main source of income, indeed, still our side hustle. It is just an opportunity and we can't assure that this will be a long-term opportunity as we never know exactly the future of Bitcoin.

Either you see it as source of income or investment plan results are always the same which are to gain some profit. But some people taking BTC as source of value where they could save the value of there assets with time or with inflation increasing. I think that's why the adoption of BTC is increasing over time.

Second, i think those who take BTC as only payment method are also at some profit because even knowing the condition of market and knowing that they are going to be rich in the halving but still paying in BTC or getting payed in BTC. Which indicates the balance still exist amid the number holders are increasing which is a good sign,

Because high demand but less supply do assure us the good profits. I can not agree more with your points because that's are the main points here. One more thing i do not prefer anyone to take BTC as full time hob because that will be loss of time. What a person could do in BTC trading or holding. He will earn more in holding option and in trading option one could definitely spend full time but not in holding. That's why i do not prefer trading in BTC.

Everyone has there own agenda and ideas about BTC but i do agree with all of your points and balance must be kept.

I agree with the earlier replies, this depends on how well a person is offering his services to earn Bitcoin, selling his products to earn Bitcoin, and how well he manages his investment to take proper profit after hitting the target price.

Both is a good plan but it shines depends on the capability of the person.  If a person does not have the talent to do freelancing, then he can just spend some amount to invest in Bitcoin, and hodl it until the target price is achieved.  But if the person can do both, I do not think we have to compare which one is better because each one when done can give us a good amount of income and profit.

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Bitcoin is one of the most profitable crypto currency or if not the most globally. Over the years Bitcoin has really grown in value and is been used everywhere even by the government of different states . It is highly volatile i.e it flunctuates over certain periods. But let's not forget about the risk involved too. Without proper knowledge and information, one can easily lose on Bitcoin cause it requires good monitoring. I

Do you know that investing in bitcoin for long time still have it own danger or risk as I may say concerning bitcoin, because during the keeping bitcoin for long time the price might drop above the price you bought Bitcoin, what should investors have as options during crypto investment is to know exactly your target and ensure that the price of bitcoin have reached to its target before cashing out, because if you don't have target and have in mind of keeping your coin for long term bearish market might meet with your coin and when you are not patient enough you can sell and end up of losing instead of gaining

Correct, this will only happen when all your hopes are on Bitcoin and you have no other things fetching you some money, this is why it's wrong to invest all you have into Bitcoin if you have no money coming into your bank account every month.

In short, have other ways of making money, if bitcoin goes on a long bear market you won't worry because you are still making money from other things.

This is a lesson that it's hard to learn as a new Bitcoin investor, it only start making sense when the market start looking and getting boring for a long period of time, the type that they aren't prepared for.

Actually most of the people who invest in cryptocurrency and mostly in bitcoin do use all they have to invest in bitcoin and that has been one of the elements or elementary things that make some of the investors to be curious whenever Bitcoin is falling to withdraw whatever they invested. Most of cryptocurrency investors who has experience the nature of cryptocurrency too well are the people who advice the new investors to use their spare money to venture into cryptocurrency investment, because its very obvious that bitcoin investment can result positively or negatively and the profits depend on the turn up of the market. Most the newbie investors do hope that they will benefit from any average investment they venture into.

At the initial launch Bitcoin was never intended for an investment, it should be used as a currency to replace the current fiat in the monetary system. I don't disagree when people see bitcoin as an investment but the time when Bitcoin is an investment will finally over when the original purpose of Bitcoin is fulfilled and people use it as a currency.

It could be both. Bitcoin can be a source of income but more likely like a side hustle, and it could be an investment plan too as a lot of us here are profiting from bitcoin investment especially if it’s a long term investment. However, for beginners it’s hard to expect that bitcoin will do the same thing. Gain knowledge and experience first before you can say that bitcoin is way more profitable as a source of income and as a long term investment.

True that but people's idea and imagination is vast.  People tend to make a certain technolgy a money-making machine, and Bitcoin is not exempted.  As a currency just like USD, EUR, and many more, these currencies are not intended to be an investment or source of income but people seeing the fluctuation takes advantage of it and earn through buy and sell.

Others see that a money conversion processing business is a good way to get income from people who wanted to convert their money so they establish it to convert and process money charging some processing fee, and Bitcoin is not different from it.  Even micropayment apps are used to get some profit by charging people who wanted to remit money using the micropayment application by charging processing fee.

People can create lots of ideas on how they can take advantage of the opportunity to earn money on everything, so we should not be surprised if they also make lots of ideas on how to earn money through Bitcoin.  Exchanges and the creator of Bitcoin transaction processing apps are the best example of these people.

Yes, Bitcoin is the crypto that's dependable but doesn't guarantee investment return. What provides investment return is your knowledge about how to use the opportunity presented by BTC.

You can choose both or one what's important is what suit you based on financial capacity, knowledge, and control of your emotion ^{aka buzz in gambling}. I have seen some people going into cryptocurrency trading when they don't have the physical and intellectual capacity.

For now there's no correct answer regarding on what should it be since some might think about this is currency and some call it as investment and it all matters depends on the approach of people. So for now use it depend on what you need since this is what bitcoin about, the important thing there is you earn with it and you take advantage of the benefits what bitcoin can possibly bring to you.

In my opinion, making bitcoin as the main source of income is certainly not wrong as long as we can analyze it technically, fundamentally and so on. but in my opinion it would be even better if we made BTC investment as a side business because investing in BTC does not guarantee that we will get profits because BTC has a fluctuating nature. so in this case it depends on the situation and conditions.

Bitcoin should be seen as a source of income because it is impossible for one to live alone on bitcoin profits. It is only bitcoin traders that can do this and they can't be sure of daily profits. Buy bitcoin from your monthly income and invest some portion on bitcoin continuously so that you can be able to make good profit after holding for a long period of time. Most people think that bitcoin can be used as a source of income when they don't even understand how to go about it. That is why some people invest in a short term and wants to take profit and they end up being disappointed. I take bitcoin as an investment for long term and not a means of income.

Just as others has said, don't take Bitcoin as a source of income, it's too volatile for you to think you can make profits from bitcoin whenever you want. It's better you use Bitcoin as an investment or as a currency because that's what it was intentionally made as when Satoshi ontoroduced it to the world. Satoshi called it a peer 2 peer currency and that's what bitcoin is. Other benefits you're receiving shoudn't be depended upon because it can seize to exist at any moment. If Bitcoin keep growing as it has done in the past, we might get to a point that the price of Bitcoin might stabilized and then it won't been seen as an investment opportunity anymore but it'll always been seen as a currency because that's what it is.


The jobs in the crypto industry are also as scarce as it's in real life because the industry is filled with those seeking for the jobs and if you're smart or have an edge over others, you mightn't get any offer because everyone is down pricing their service just to get the jobs and experience to qualify them for higher jobs. You have to be unique or you're not getting employed which is why bitcoin shoudn't be seen as a job. Having a job paying in Bitcoin doesn't have anything to do with Bitcoin directly because it isn't Bitcoin that's paying you but they're using Bitcoin to pay and they can always change that in future to stablecoin, fiats or other altcoins.

Bitcoin is a virtual currency that has gained a lot of popularity with the aim of changing the world today. If we look at the past and future of Bitcoin, we will definitely see a huge change in where people have invested their money and become rich. Currently people invest in Bitcoins mainly as a source of future income where they hold the investments for a long period of time just because of the higher returns. We've seen Bitcoin go to all-time highs when most investors made the most money. Although Bitcoin has advantages and disadvantages, I see mostly advantages, because currently many types of work are done with Bitcoin and everything can be bought with Bitcoin in countries where Bitcoin is legal. And what various shops and shopping malls have accepted payment by Bitcoin which is really done for the convenience of people and many benefits are available by transacting by Bitcoin very easily. So if an investor buys Bitcoin at the current position then wait till the next bull market and get a good amount of profit.

In my opinion both are profitable, you can make Bitcoin a source of income while investing. You can combine the two into one goal, when you have the opportunity to make Bitcoin a source of income, it means you also have the opportunity to make Bitcoin an investment plan.
You can fill in the activities between the main activities outside the forum to make Bitcoin a source of income, such as receiving payments in the form of goods and services using Bitcoin. Then the Bitcoin that you already hold can be used as the most profitable investment asset.

I mean what's better is what you can plan or do better just like. Bitcoin is viable for both anyways.

Just like what hatshepsut93, it depends on ya. Can you endure the 8 hours of trading in Bitcoin while having the thought of possibly not earning anything in a day or so? I just took Bitcoin as side hustle as well as kinda "investment plan" for retirement purposes, but I am not going to trade Bitcoin full-time ever. It's not something that I really love to do 24/7.

It just sucks when your country has so much policies before you can even transact with Bitcoin.

Of course I think both are equally good options or ideas. But I think it's the same thing, I mean it's the same in terms of the goal is you basically adopt Bitcoin and I think these two things could be sustainable.
"Sustainable" I mean if the work you do will pay you in Bitcoin then that's great because you can keep it at the same time for long term investing right?, but we know that not a lot of work is paid in Bitcoin.
But beforehand make sure that the job is a side job that you do because basically you also need a job that has a source of fiat income to meet or buy your daily needs. Because instead of having to spend your Bitcoin income to meet your daily needs, it's better to collect it for investment.

Guarantees you say?
Well, that depends grossly on what are your plans for your investment. You jump into trading without having a good enough experience, you would be swimming in loses. You buy and when the bears come, you couldn’t hold for the season to pass so you can sell when the bulls are rocking the market, you’re as well tossed.
So yeah, the guarantees is dependent on your experience and plans towards your investment.

I’m having difficulty differentiating between it as a source of income or investment. Investments are sources of income so, you might want to straighten that up because, it doesn’t make a whole lot of sense to me.

Still, bitcoin is a currency and only serve as an asset while, you could trade it as well to profit yourself.

Start bitcoin as an investment. When you see your plan is already working and is giving you decent amount of profits most of the time, then it’s safe to say that it can serve as your additional source of income. Do not make it as your major source of income because the risk to lose is still high, instead find a real job. You may gain decent profits for now but there is no guarantees that it will still give you the same profits the next day. So do your bitcoin investment as a side hustle, without leaving your stable job.

Why not both? Why not view it both as a source of income AND as an investment plan in order to fully maximize its potential?

BTC can be considered as a source of income especially when you offer your services in payment for BTCs. For example, dozens of campaign signature offer services that pay a person BTC depending on your forum rank. Also, there are some services that require some special work/activity in payment for BTCs.

As an investment opportunity, by basing it also purely on its price history index, you would observe that the potential of BTC to increase its price on the market is significantly high. Given that the next fork would happen this 2024, it is really recommended for people to HODL their coins and sell them at a value AFTER the fork.

Let me start from the subject, as for me, I see bitcoin from two dimension, one is from the digital currency and the last is from asset. Bitcoin has produced millionaires in the world which our leaders could not do but bitcoin has done it and that is one of the fact about bitcoin. As a currency it can be use in three ways again. To buy goods and services and also for trading then investment. And as an asset, it is the store of value. Bitcoin can be used as income from the two dimensions I mentioned.

If you were an investment manager or my financial manger and you told me this asset has a guaranteed ROI..am walking out of the room as it sounds like someone saying me a dream they can not walk the talk! I know we trying to be the chief marketing personnel of bitcoin but let's factor in the risk that comes with crypto investments especially that too many factors affect its market movements and call a spade a spade! Besides, being an investor..people want to be told about the risk as the higher the risk, comes with greater rewards.

Going to go with both , though income will come out as a popular word to be used over time...so I guess this leans over to income  ;)

Bitcoin is the recommended cryptocurrency for anyone who wishes to invest in crypto coins with a lesser risk With long years investment plan you are sure of making profits from your portfolio but taking it as a source of regular income is what you should dream about because of its volatility it's not guaranteed that an income will be made out of it at the time you want it. It's a decentralized currency that no body is in control of so you can't accurately predict the next possible outcome which should make you to now depend on it as a source of income.

It's most suitable as a long time investment and not a rolling income source, except you have a skill you can render as a service online to people/organization that needs it or here in the forum that you get paid with BTC and that can serve as income source.

people are more familiar with Bitcoin as an investment asset. That's the reality. those who trade may be able to benefit. but not as a source of income. They trade to increase the value of their investment in the future.
whereas you mean related to services that are paid for using Bitcoin. that's what we really have to choose. Bitcoin is an alternative payment besides fiat. I am still waiting for the day when the whole world will accept Bitcoin as legal tender for goods and services.

Bitcoin is a lot of things to a lot of different people but to me it is all about freedom to choose what I do with my money. The freedom to move it around as I see fit and the ability to protect it from anyone else forcing me to move it or preventing me from moving it.

More in relation to your question, bitcoin is long-term savings that is not likely to lose it's purchasing power over a longer time horizon. I wouldn't consider it a source of income or an investment. I would simply say that bitcoin is a tool to protect your income and investments in loss of purchasing power over a long period of time. 

Working for a crypto firm and being paid in Bitcoin that does not make Bitcoin my source of income, it's the job that I am doing that's my source of income while Bitcoin is the medium of exchange for my services.

I think Bitcoin mining and trading are the possible ways we can see bitcoin as sources of income. Bitcoin as an investment plan is the most popular and it means one needs to buy and hold to realize some profit. Which ever one might settle for is dependent on the person's pocket and knowledge and It's hard to say which is better. In the case of mining, you would need a big capital to get your miner, cover installation cost as well as electricity. Trading is not expensive, just the right skill set and small capital should be enough. Investment requires proper knowledge of the market and capital.

At the moment investing in Bitcoin is a very good option as it will generate a great profit with time since the price has really gone down. But with the price, don't invest all you want to invest at once as the price can't still be predicted. Make sure you use DCA when investing.

I personally prefer bitcoin as a source of income and payment solution. but I think generally bitcoin have more use as an investment for obvious reasons. finding a income with bitcoin can be tuff. but if you have good skills and know how bitcoin works you  can make pretty good income. for example you can find jobs with bitcoin payments of you can start something by your own like a blog then use bitcoin related ads platforms to earn bitcoin by showing ads on your blogs. (this is my favorite method among all)

Anyone that you have the opportunity to do us better. If you want to use bitcoin as an investment,you should put into consideration your cash inflow and come up with a method which you want to use to buy bitcoin. Long term investment is the best so that you wouldn't stress yourself looking at the price of bitcoin and it is easy to handle.

All you need to do is to be patient with your investment and know the exact timeline that your bitcoin investment will yield you a good profit, so that you can stay focus till you get to the exact time. If you have the opportunity to get paid in bitcoin then it is even more better to you don't need to buy bitcoin anymore,but just keep some anytime you are paid as your savings. This will help you accumulate more bitcoin than when you are buying.

In depending on bitcoin as a profitable investment you mist also be awre of the ling term formula which shiuld not be anything less than 5 years holding period and for such a time you have to first build a good understanding of the market and hiw it cycles work for or against you depending on how.


While we can easily hold our bitcoin in a decentralized wallets where only you have access to the private keys to the wsllet that make you the sole controller pf the funds in it all that you need to do is to securely protect your wallet keys from third-party access.

In as much as we knkw both the advantage and the disadvantages of Bitcoin and the risks therein it inherent for us to have it at the back of our mind that Bitcoin is not a get-rich-quick scheme so people should stop taking Bitcoin as such.