Holding will give you profits only if you are dealing in large number, but if you don't have huge amount then its better to trade them and keep on earning regular profits.
Only if you are confident with your trading skills, but if not, it is better work and earn bitcoins while it is still in a low price. Keep earning and saving those coins and hold them for the future. YOu can still be profitable that way. |
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I already get my salary in Bitcoin with no problem what so ever. As for the price ups and downs it doesn't really affect me in a bad way instead I bank more profit  Those who still get paid in fiat are the ones getting robbed every single minute as more paper enters the market. Yeah, inflation rate is too high and getting higher each year. Soon, fiat will be worthless while bitcoin will go on becoming more valuable. But not all are comfortable yet receiving bitcoin as salary because they are still afraid of price fluctuations. |
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Yes I do have my paypal account even though I already have bitcoin. Because I have some freelance job that pays me through paypal.
And once I get paid, what I am doing is that converting that with the use of virwox so even though I have bitcoin. Paypal is still helpful to me because there are some employers doesn't know bitcoin.
And I am going to keep on working for both of it and going to still accept money in paypal.
I used to have both too. But since I engaged in bitcoin, I think Paypal use to me has slowly faded away. Now, I do not have any money in paypal anymore. All my part time income is now in bitcoin and it works well to me. |
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The right way of budgeting is that you are discipline enough to be able to resist the temptation, there are a lot of temptation out their like new phones and gadgets so if you will easily fall for the trap, you saving goal will be compromise, be focus on your goal.
Yeah, all your efforts and plan to save will be worthless if you will fall to those temptations. It requires a lot of determination and discipline not to fall or ignore all those nice gadgets and even the luxury of eating on an expensive restaurant. so if you can't resist all that temptations, be sure to make your income bigger so you can save and still enjoy some luxury. |
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I think we missed the pump train like 3-4 years ago. It is impossible to make x10 money from now on. we are luky if we make %20-%30 in a year.
Even a 20-30% interest annually is a good return. Other investments does not give that good return. And if bitcoin becomes stronger, it can still be more. And I think it will still be more because bitcoin is still very young and have a lot of potential. It has not even reached the previous ATH. If it reach a new ATH, it will 100% interest. |
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I see more and more acrticles of bitcoin being used for illegal activities
will this hurt bitcoin in the long run , will governments ban this just like they started to do wih paying in cash for some services
to harden the use of illegal , and money laundering
Majority of the member here they never used it for illegal, maybe few of the members they're doing it. But as much as possible we shouldn't use it for illegal. We must use it for legal matter as much as we can. It is not about the members of this community but it is about all the world where every kind of illegal activities are going on everyday second, so if someone uses bitcoin for doing some illegal thing in any corner of the world it would probably make a bad reputation for all the community. I think since the beginning of bitcoin, it is already used in illegal activities and yet bitcoin is still thriving and getting stronger. Even fiat can be used in illegal activities, so I do not think if bitcoin is being used by criminals or not will have any big effect on bitcoin. |
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Holding for the long term is the key to be successful in bitcoin, that is the best way to do as we are the trusting the future of bitcoin that it would give us money. We are all optimistic that the price of bitcoin will rise due to some big adoptions that will happen in the future and it is just right to put our money on what we believe.
It can be true that you can be profitable if you hold or invest in bitcoin for long term. But it is more profitable if you can take advantage of the fluctuations of bitcoin price. Even if you do not trade so much, you can see that bitcoin price rise and fall. YOu can allot some bitcoins from your investment to use for selling when it rises, and buying when it drops. THis way you will have more bitcoins in the future. |
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Of course, why not? Bitcoin is a good in this generation. And for me it will also become higher and higher so I think it is also good that our salary is bitcoin.  There is no difference if you accept bitcoin as your salary or in the since if the amount you will take as your salary will depend also in the current exchange rate. Let's say you have a $200 monthly fiat salary, you will still receive $200 value of it in bitcoin. Also if people has fixed spendings then whatever the current exchange they need to use their bitcoin salary. That is what I thought too. Unless you are not spending your salary but just want to keep it. Then receiving it in bitcoin is better because if you hold it, it will be more valuable in the future. For me, if I can receive it in half, then I think it is better. The amount in fiat, I can use for my daily needs. the amount in bitcoin will act as my investment. |
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Saving money can be a difficult process. To save money you have to know how much you spend when you spend and where you spend.
Cut in those things where you don't NEED to spend. Only spend what you need then see how much you have left and choose how much of that you want to save.
The process of saving is actually easy. You just need to make a choice between needs and wants. The hard part is actually committing into saving. Sometimes, I save for a few months then after that I forget to save again. Or worse, I get tempted to spend my savings on not so important things. That will ruin my savings and have to start over again. |
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I would go for the bitcoin wallet because its pretty safe and you can do a lot of things with it without any doubts.
You can access it everywhere and its also that you can pay in real life but also online.
Yeh that is certainly true. But for now, we can't do it just by using bitcoin. Because the Foundation has not had the bitcoin strengthen existing transactions in the world, so we still need the Bank to exchange money in order to buy something that is yet to be done in the bitcoin There is no doubt that we cannot still live with bitcoin alone. We still need to convert bitcoin to fiat in order to buy some items. So for now, we cannot make a choice between these two because we still need them both. But if there comes a time that bitcoin can be easily used as fiat (in terms of buying everything we need), then there is no doubt bitcoin is the first choice. |
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a full time job you will always have steady income till you work there so dont go looking at bitcoin for steady income cause that is probably the most unsteady income you could hope for.
Still bitcoin is very profitable but not what your looking for if you want x paycheck amount every month.
Yes full time job plus over time will always be a good way to have income per month and if work hard then you can achieve your goal someday bitcoin is just a sideline where sometimes you get not enough money to supoort your love ones . Having a full time job is the safest way to have a steady income. But for me, it is not enough just to have a job because you only earn if you can work. If you suddenly became disabled, then you cannot earn anymore. For me, the best is having a good business that earns and couple that with investments. If you have those, they earn money even if you are away. |
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I think that I could not take it to accept Bitcoin as a salary because I do not think that I can pay my bills or food with Bitcoin.
So it would become a little to much work for me to be honest.
I think it is not implied that you will not convert your bitcoin to fiat, so you can pay your bills. I think the OP wants to know if you want to receive your salary directly on bitcoin and if you are willing to take the risk. |
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I believe that in order to make our investment in bitcoins becomes more valued, it is necessary to spread the word about it, to encourage more people to use the currency, bringing liquidity, appreciation and stability for it..
It is true, the more bitcoin users and merchandisers there are, the more stable the bitcoin will be and more attractive to others who are not yet involved in bitcoin. The higher the price, the better for us who are earning it for a living. Whatever our strategy to get rich in bitcoin, it will be faster if bitcoin have a higher price. |
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Im curious because im earning 0.005 per day , Im curious if it is a bit low. If it is a bitlow i will find another way to earn bitcoin again
You mean you have 0.15 BTC per month? That's a pretty good amount for a side job IMO. Right now since I'm a Hero member I hope I'll have 0.2 per month but when I was Full Member like you it was almost impossible to have 0.15 BTC per month so I guess you are lucky. ) Yeah, I think that is already a good earning for a part time job. If you can earn that much from bitcoin and add that to your day job, you can be well off. You can save money and invest in the future. that is if you can manage your money well. |
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Buy low into coins that are already doign well for a few days, then ride up until you have made some profit (dont try and catch the entire wave) then sell for BTC. its a discipline, not everyone can day trade
I think I am one of those who can't day trade regularly, given the lack of time I can devote to it. I'll just try to earn whatever I can from time to time and just accumulate, grow it little by little and see how much I have after a few years. I am taking the long route to bitcoin riches and I hope it pays off for me when the time is right. If you cannot trade, then you can try to invest on other things. If you will just rely on your job, it will dry up soon because you can only earn while you can work. But if you are invested on something like stocks, real estates or business then you will be earning even if you cannot work anymore. |
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I think saving money - statement dont make sense. I am saying this because wherever we earn we spend on necessities, and whatever remains is called saving.
But my suggestion is why to put limit on expensive which are necessary, rather must have to find new way to generate money. Bitcoin gives that solution to everyone. But need to understand things.
It took me 4 years to understand. And 2 years to believe in things as this can also Happen !
If you are going to save only what is left after you spend, then you will not be able to save. I know it from experience. If your goal is to really save, then deduct it at once in your pay, then what is left should be budgeted according to your needs. If you can find a additional way to generate income, then well and good. If not, you should be wise in spending your money. |
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I divide any money that I have. I set the portion of each requirement. with it we can more wisely where things are important.
with the division we can see any expenses that we do. frugality is the best thing.
I work the same way. Every month i know what cost are certain and what income is certain. From there i try to reserve 200 dollar for events i can't predict. Managing your cost/income in excel is a very handy tool to do this. I like the idea of saving 200$ for events unpredictable. If that fund reach a certain level or amount, can go to savings and eventually into investments. Then you can start savings for that account again and if no emergency needs arise, you can transfer it to savings again. I think you can have a great fund for investments that way. |
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The bitcoin wallet no doubt about that, in my country many people do not have access to banks but with bitcoin you don’t even have to own a computer or a cellphone as long as you can access to one for a short period of time you will be fine
Isn't it risky if you are accessing your online wallet on computer or cellphone that you do not own. It can be embedded with keylogger and they will hack your account. Bitcoin is unhackable but your online wallet can be hacked. And it is your responsibility to protect and secure your coins. |
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I believe that if there is extra money, they need to invest anything. A deposit in the bank, its business, training. When the money is simply because they are impaired. It is very important to invest in improving and developing ourselves.
Learning to invest is the first move that we are going to enter in the world of risk and reward, if you will not invest you will end up saving your money and that is just so boring for me because I need action and I am a risk taker person who loves to gamble therefore investing for me is a big thing to improve my life in the future. Saving is boring but it has its function. It stores your money for future use like investing or retirement funds. If you just go investing with out some reserves, if things got worse then you do not have money to pull. |
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I never run out of money so i think i manage my money pretty well
well, I don't think if you are not ran out of money ever it means you are a good manager and managing your money well(may be you are. you may have a lot of money thats why you are not run out of manager. good manager is the person who manage his monthly needs in less amount of money. and still safe some of them. haha that's true that never run out of money doesn't mean someone good at managing,i guess he's loaded with tons of money or he's actually a rich boy that every his needs already fulfilled,if you want to test whether you're good at managing money or not,try to live with 50% of your salary in 6 months Even if you are a rich boy, you will know if you are managing your finances well. If you do not overspend and you still allocate money for saving and investment, then I can say you are managing your money well. It is just easier for the rich kid to manage because he got plenty of spare money. But the challenge to resist temptation remains.the same |
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