No i won't quit my day job to go full time in bitcoin. The main reason is that my earning in btc is not enough to meet my daily needs. As of now my bitcoin earning is just and additional income and help me to finance my needs. If ever time come that my bitcoin earning surpass my day job salary, I still wont quit because having many source of income is better than just one.
Correct. The more income you have, the faster you can save for your future. Or you can also invest some of your savings so you can still earn some money even if you cannot work anymore. We should have all the work we can get while we can still work. And invest them so when we are old and retired, there are still some money coming in from your investments. |
|
|
|
The best way is to find more efficient alternatives to use your money, without spending on things that could be avoided and having savings to take advantage of opportunities that may bring you better returns in the future.
I agree, it is best to know the things that is really needed and those that are less important be set aside. another approach is separate 10% to savings and use the remaining for the monthly budgets. This might be a bit hard if you are not used to doing it but you will find it will be a life saver in the future. You cannot deny that you need to have a savings. But if you have very limited budget or income, it is hard to constantly save on payday. The only way to get a steady saving is increase your income. Fortunately, bitcoin can provide some extra income. And if you know how to do cryptotrading, there is more money you can get. You are not limited from what you earn from your day job. |
|
|
|
Bottom line is that we need both for now since
1. Most people aren't into bitcoin yet. Most usually transact with a bank since it's familiar for them
2. Banks have features and guarantees that are not present in Bitcoin (e.g. tx reversal in case of error, insurance, etc.)
The familiarity with bitcoin I think will be the biggest challenge here. Anyone including old and young people can make bank transactions today. But if we talk about bitcoin, I don't think they will get it easily. I think it is not that hard to get started in using bitcoin. Anyone who already knows how to use iphone or android apps, can easily adopt in using bitcoin. They can start using online wallets for ease of use and online availability. And once they got the idea, they can start setting up their own cold storage. It is not how easy they can adopt to bitcoin, the question is , how long before they know that bitcoin exists. |
|
|
|
I'm sort of new to bitcoin, I've made a couple bucks already from visiting ad sites, doing faucets, etc, but is there any other way to earn easy cash? Anyone got any suggestions?
in my opinion , here still you need to get some better experience about bitcoin through thus forum and after that you should join a signature camapign . you will get a better amount of btc for providing signature at rent . That's right signature campaigns are one of the best source of income here, you just need at least member rank account then you can join different signature campaigns that you like. Signature campaign is a job and could only earn if you can work. You should also look into some investment so you can earn while you are sleeping. That is called putting your money to work. Just avoid ponzi and scams so you will not lose your bitcoin. If you can combine signature campaign income and investment, you can get your goal faster. |
|
|
|
I'm buying no bitcoins due to the fact that if you buy them now you will most likely lose a lot of money.
I think its better to wait for a while and than invest it into the bitcoin, just have some patient and than buy.
What if the price did not go down? Then you will miss the opportunity to earn. You can buy now and when the price goes down, then buy again. Just buy the same amount of bitcoin every month. Even if the price goes up or down, if you average it, you still have a lower price than the current amount. This way, you will not miss an opportunity to earn. |
|
|
|
Right now I don't have a plan to get rich with bitcoin because it is very difficult and I think we all missed the "golden age" of bitcoin.
So for now I'm staying on the backline observing very closely what's happening and decide my next moves on that. Hopefully it will make me rich but if not I have peace with that.
Bitcoin is still on its early stage. We have not missed anything yet. If you want to accumulate bitcon, you can still do it. It is still very young and the price can still go way way up. Just observing cannot make you rich, you need to act, work hard and smart and invest. Whether it's fiat or bitcoin, working hard and smart always get you a chance to improve your welcome |
|
|
|
Why quit if your earning big amount of money on your job. You can only quit if your already tired on your work and decided to have a homebased job which is bitcoin.
There are a lot of reasons to quit your day job even if you are being paid generously. Like you are already tired of going to your day job or you do not want your boss. If bitcoin can offer you a way out of boring office jobs, then you can take it. |
|
|
|
All sites where I've been to and that promised "Bitcoin doubling" were no more than pathetic scam attempts. True investments rarely have 200% return rate. You could try gambling, where it, indeed, is possible to double your BTC, but that's not an investment you can rely on, it's more likely a small chance that you could fire.
I would not trust gambling either to double my money. It would just rob me of my bitcoin. There is no instant doubling of bitcoin, it takes time and patience to double your money. Any instant return would likely be a scam. |
|
|
|
My finnaly answer just invest and invest forever withiut and saving money to try earn.Invest was always better to earn money and it will always be forever and it is now so I am investing only.
And if your investments does not work, you have no fall back. Or you suddenly need money and all of it are trapped in an investment. Where will you get your money then? Saving works because it has a purpose. It is true investments make your money grow. But saving protects you from failing investments. |
|
|
|
Not really,it matters up to a point but what matters more is if BTC spreads its market and if more people use BTC-that's way more important for sure
If you are a day trader than that would be useful however not everyone is a day trader so it doesnt really matter. The exchange value matter only on a way when you are going to use bitcoin to buy some things, apart from that I dont really see how it matters anymore though It matters because it becomes more attractive if it has a higher price. It matters to people because they are attracted to something that has a very value like gold. But to those who are really into bitcoin, the price does not matter. Because they believe in something that they believe is more valuable than fiat. |
|
|
|
I would invest some coins in trading and rest I will hold for the future, as trading can be profitable if I play it smartly and it will also allow me to grow my coins.
Yeah, I just saw a video of someone that earns a steady income from trading and his starting capital is just 6 bitcoins. 10 btc is way larger. He can trade half of it and the other half he can use to invest. |
|
|
|
Its an long term investment for me so I don't prefer to use it as a currency, but I do sell them when I am in urgent need of money so I sell them and convert it to my local currency.
well yeah a lot of people treat it as a long term investment, they remember the last price growth to a new all time high and they are willing that something like that well happen once again To be honest I also have some bitcoins in my wallet and I hold it in order to make some money in a longer run though I really doubt that the growth of the same size might happen once again in the future In my opinion bitcoin should be used not only as an investment option but also as a currency that would give us a possibility to pay for our shopping fast and easy as it would surely be beneficial in the future when our life gets busier and busier When the usage and acceptance of bitcoin will increase in future then people will surely start using it as a currency and our primary concern should be to spend to make it more stronger currency in future. We can make bitcoin stronger by both investing and spending. By spending, we make the merchandisers stronger and make more merchandisers adopt bitcoin. This will make more users because there will be more places we can spend bitcoin. And by investing or holding, the volume of bitcoin higher and the price stronger. |
|
|
|
Despite the many problems in the market cryptocurrency, yet even the skeptics predict good growth bitcoin. Therefore, when the rate fell slightly, I think this is the case to buy bitcoin to get good returns in the future.
Everyone is expecting higher price in future so its good to buy when price is satisfactory for us, and if we can hold it for a long term then even current price is affordable to buy bitcoins. the majority of the expectations here end up in a big disappointment as people simply expect too much from the price. it has never been any different. i think it's mainly due to the fact that the price has gone up insanely high back in the days. they think it will happen again. that's where they go wrong with their predictions. The price back then maybe caused by a manipulation by whales but it does not mean it will not happen again. I think it will return to that high slowly and surely. Bitcoin and bitcoin users have matured after that. And there are more users and merchandisers using bitcoin now, so it is not impossible to reach a new ATH in a few years. |
|
|
|
Right now I'm thinking that saving up your money for later is better due to the fact the bitcoin is gonna go down soon or later and than its time to buy the bitcoin.
I really think that is or best chance so save up your money right now people.
I think the store will bitcoin is like investing for your money could be increased due to changes in the price of bitcoin. if you want to save money should you should keep it in the bank. Do not store in bitcoin. because it is an investment And it's very risky to store all the money in bitcoins as we don't know what future it holds, as if price falls to bottom level then we may loose all our money, so its better to invest only 20 to 30% wealth in bitcoins. Just like in any other investment, you should not put all your money on one investment. If you consider bitcoin as an investment, better be wise and just put money you can afford to lose. And diversify your investment. Put some on cryptocurrency, some on stocks. That way, even if the price plummets, you still have other investments. |
|
|
|
I will buy some bitcoin and hold them till price gets little bit higher and anyway i see people are buying lot of btc nowdays
People are buying because they are aware that it can be the best investment for them, and bitcoin has potential to give them high profits in quick time which is not possible with any other investment. Holding bitcoin is a good way to earn without any work. But, It's a little bit of risky investment. Cause sometimes, for many reason like hacking, bitcoin price fall down to low and then you will lose your bitcoin.But, it's not happening all time. If the holder is clever and will know about all the security of his wallet then there is now no any risk to hold for longer and especially in this time as the price of bitcoin is increasing very faster and within a week or two we will see the price of it increasing to $700. I think he is not concern about the security of his wallet. He is more concern about hackers hacking bitcoin services causing the price to plummet. If you are going to hold and attackers keep attacking bitcoin, it may pull the price down. But I think bitcoin can weather this attacks and push for a higher price. And if you are going to hold for a long time, I think this things will not be a concern. Price drops for a period of time but it normally bounce back after awhile. |
|
|
|
I'm buying money when there is a good opportunity to do this, if there is no good price or something I simply do not buy the bitcoin.
Sometimes you can see the bitcoin is gonna rise on a certain point and than its worth it again to buy some bitcoins, but we always have to keep in mind the bitcoin is unpredictable.
im buying bitcoins when there is a good time too for example a drop, in this way i manage to make some decent money easily to be honest In bitcoin, it is always a good idea to buy when the prices is dropping because you know it always bounce back. The time it takes to bounce back varies, but you know it will. Unless there is a catastrophic event that will crash bitcoin, it is safe to buy bitcoin even on a down trend. |
|
|
|
If i am in desperate need of money then i would first of all ask my parents for the help because they are the ones who can provide me money quickly and solve my problem.If i cant tell the problem to my parents then i would ask my one or two trustable friends for help.
Asking parents firts seems very logical but I'm too ashamed to ask them. I'm grown up so I'd should be able to provide enough money for myself. And they don't have so much money either so parents are not solution for me. A friend in need is a friend indeed, If I am desperate need of money then I will prefer to borrow from my friend as my friend will never take interest from me and there will be no pressure to return that money. If you have a rich friend, it will be fine. He will not pressure you to pay immediately. But if that friend is just a normal person, then it will be different scenario. Some friendship is ruined by bad debts. So if you are going to borrow from friends, make it sure to pay immediately. |
|
|
|
Yes,holding of bitcoin is safe but I don't agree when yu said holding of bitcoin is not profitable cos holding is profitable. Are you saying some people that bought bitcoin when the incident of bitfinex happen don't make any profit now that the price of bitcoin is $625?
Correct. As for me, I see the event of an exchange being hacked (and Bitcoin's price decrease) an opportunity to buy more cheap Bitcoin. Usually, when this happens the price of Bitcoin recovers after a few days and then you can make a very nice profit. Also, holding your Bitcoins right now will turn out to become very profitable in the end once the price starts climbing towards the $1000 mark. It is best to keep your coins safe in a paper wallet or a hardware wallet such as Trezor for use as a virtual vault.  It is profitable but it is a long term investment and not like a daily income. Trading can be a good source of daily income if you are good at it but it is not a steady income too because you can do bad trades and there will be no income. |
|
|
|
Don't get greedy and want a super quick increase in price. Lets take a long time and gradually move upwards at sustainable levels. That would do more good for bitcoins name than any hacking attempt.
Yeah, we will just suffer some nasty correction if the prize of bitcoin suddenly jumps to 1000$. We should be happy as long as the price of bitcoin appreciates at a regular basis. At least we know that it is getting stronger. |
|
|
|
Just keep hustling man, what else can we do? Im thinking about making more bitcoin 24/7. Im going insane trying to find up with ways to make more money, or else i'll end up dead on the streets since I can't pay for the bills and jobs pay like shit anyway. So I hope Bitcoin is at least 50k each in 5 to 10 years or else im done.
I think what you expect from bitcoin is too much. 50K each is way too much. I will be very happy if that happens, but let us be realistic. 10 years is too short time for it to reach that price. Just work hard and smart, invest on the right instrument and someday maybe we can be rich. |
|
|
|
|
Show Posts
