In my opinion bitcoin can not brings us passive income because we do not know what will happen in bitcoin everyday we do not have assurance that we can earn profit. I think passive income will be gain by investing in stock market or in the bank since there is a set percentage that will put an interest in your investment.
I agree with you that nothing is guaranteed in life, but never forget if you never buy and hold bitcoin, buy stocks or have money saving in the bank with interest. Nothing will happen and in 5 year you will be at same place as today, my philosophy is better to take action and see what is going to happen. Small step and have good faith in any investments your invest in, will grow your money slowly  |
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some speculations about this time frame which is 5 years say that bitcoin price will be around 4 to 5 thousand dollars and that is the speculation that i mostly agree with because of the way bitcoin has been rising.
so if we say price is $5000 then to be a millionaire you have to at least have a couple of mil, in that case you need more than 1000BTC to begin to be a millionaire.
I think if the price reach 5000$ for each bitcoin in 5 years you will you get at least 1000 into your wallet. You will be 5 times millionaires  . That would be very cool if the price can reach that price, but only the time will tell, no one can truly predict the price. I have hope that the Bitcoin will have a bright and strong future. |
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This is pretty accurate observation,and this amount is reduced day by day.Like you say most of faucets pay up to 100 satoshi reward per 60+ minutes and these days even with larger number of referrals no one should expect a significant earnings.
Most faucets loose adsense and BTC price also plays a role in determining value of rewards/timer. There is also problem with boots which destroy what little is left. Last few days with lost of few decent pay faucets my earnings go down for 50%.
A good observation you have there too! Ever since google adsense read the riot act to faucet owners, over inducing visitors with rewards, earnings from faucets have gone way down that they are no longer manageable as it amounts to waste of precious time. It has become an unprofitable venture and i think one is better of putting his/her time into things that are indeed productive. When you do a faucet in order to get only 100 satochi every hours, that take a lot of your precious time to only reach the minimum cash out. Eventually people will get bored sooner or later and they will give up and never come back. I don't think they will disappear completely, but for new people on the scene is a good start in order to get some satochi. |
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There are four ways I use to get bitcoins from zero. The first thing I do whenever I don't have any amount of bitcoin left to invest is to join a signature campaign for me to earn some bitcoins that can be used to invest. The second way I do in addition to signature campaigns whenever I don't have a bitcoin to spend in investments is via gambling but instead of depositing I don't deposit. I just get some satoshi from the faucet provided by some gambling sites and I try to get it reach minimum and most of the time it works. The next thing I do is being done by me only after a payout in a signature campaign and it is altcoin trading. Most of the time I get good returns in my investments and eventually reach near 1 bitcoin using this method. The last method I use but I don't always use it is via investments. I just invest only on the sites that my bitcoin buddies use since they are huge risk takers and knows many investment sites that are paying but I do it seldom since it mostly turns into scam fast.
How much you can get from the faucet that the casino provide. So basically from my understanding you do not deposit any money on the site. Bitcoin investment sites will almost always guaranteed to transform into another scam and the webmarter will run away with your money  Congratulations in your journey to get from 0 to almost 1 bitcoin, it pays to work hard and keep the focus to reach a goal |
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There is no steady income only regular job and contracted jobs have steady income but not long depends if the contract.. so i think if you want really to have a profit or large amount of money business is the best that can also be a steady income if you already got trust by people..
Not that I have seen people earning a lot by giving loans to other users. While I am not encouraging everyone to loan others but what I mean is that you can find innovative ways of earning. You can try making some sites with decent traffic and you can rent out spaces for ads and hence earn fluently and steadily. I agree with your statement that you need innovative way to earn money. Millions of possibility out there that you can do for a living, but you need to choose one that you have the skills and you enjoy doing in the first place. Doing sites is a long process, you need time to build an audience and traffic, but can be rewarding if you enjoy doing it. |
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I'm interested myself to eventually try trading...I read thought the entire post and many have different opinion which platform is the better one. What do you think if I start to create an account on the website https://poloniex.com and start with this one? I prefer to start with the most reliable and trust able website among with the people on this forum. there are different opinions because people have different tastes and different preferences. there are a couple of exchanges (less than 10) that you can choose from in order to do trading and the rest are not recommended. for bitcoin/fiat you can choose from btc-e, bitstamp, bitfinex for altcoin/bitcoin you can use poloniex, bittrex, c-cex and btc-e the rest of them like yobit that you keep seeing are not good. Thank you to summarize this information on the topic on a simple two lines. For someone who is new on this topic and never did trading in the past, it can be very scary. Furthermore, so much scams out there and con artists who promise you to multiply your money every seconds |
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Right now I'm taking my bitcoins on some app on my cell phone, the pay is not much, but at least is a start in order to get some bitcoins. Also, I joined a signature campaign on this forum two weeks ago and I received already two payments into my wallet.
My philosophy, in the beginning is a small amount of money, but after a while some penny involve into dollars. But, remember you need to work hard, my goal is to get my bitcoins without investing any fiat currency.
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The basic rule to succeed in business is to give the best services to your customers and once you have high amount of satisfied customers they will also recommend you to people around them and that will take your sales to higher level as mouth publicity is the biggest and strongest publicity.
The most basic and most important thing for a business is to get customers, because without customers this best service thing would be meaningless, so for getting customers you should make sure your business is related to the minds of majority people living around you, so that they can use your services and later on they would promote it to others too. One of the most important thing in any time of business, if you don't have customers = you don't any money enter into the business. In a capitalist world, a business without any profit or money will shutdown they operations. Rule number One : Good service = Customers happy = Money |
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I think a mix of both is good for the learning process. I never read any book on the trading, but if I want to learn any type of knowledge, I prefer to go to my local library and invest some time to find a good book.
As soon I will finish the book, I would try to get a demo account on reliable website and continue my learning curve with site like Investopia or Youtube.
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If I was on your shoes, I will probably invest in thing with a nice track records. You can buy some nice stocks on the market and set up some drip in order to grow the dividends. You can leave the money on a high interest bank account, but I think in your case you want to invest in Bitcoin.
You could simply buy 20k in bitcoin value of today price and keep it and hold for a long time.
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I'm interested myself to eventually try trading...I read thought the entire post and many have different opinion which platform is the better one. What do you think if I start to create an account on the website https://poloniex.com and start with this one? I prefer to start with the most reliable and trust able website among with the people on this forum. |
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Yes passive income is interesting thing I ever came across. You are looking for trying adsense, that’s great, I would say try to go with video content because as of now I am getting more response to my video (7 videos on youtube) content (and revenue too) as compared to my text content (30+ articles on my blog). Yes, I completely understand that you might get different results but still I am giving my two cents. Good luck Thanks for sharing your experience with Adsense earnings. I think that in order to really make good income with this, you would need a lot of views on your videos, and blog. Still, it is a great way of earning (like most passive income methods) since there is zero to very little effort involved. Stocks in this matter, can be considered as passive income since companies pay you dividends that you can earn with no effort involved. The only thing needed would be good capital in order to earn really good profits. Now, I'm looking for effective ways to generate passive income with cryptocurrencies. I use coin staking, and cloud mining to serve this purpose, but if you or anyone else know about other methods to make passive income with Bitcoin or any altcoin, please let me know.  Unfortunately, these methods might not. I'm also looking for a reliable source of passive income. But while it is impossible to achieve without investing a large labor income. To get a great income you either have to invest great time or great money but in both methods your skills are most important. You can use your more time and less money or vice versa but in both cases you should use your 100% skills in order to archive great returns on your investment. If you are looking for a good passive income then you can go for mining but it needs a good capital to invest at the initial stage and it will also depend on the cost of electricity and if you can afford it then mining will give you descent amount of passive income on regular basis. In my view, earning through mining doesn't look quite like a passive income. In one aspect, it looks more like your regular maintenance and support job where you should closely watch something lest it should break, and if it does, interfere immediately. In others, it is more like a business where you as closely watch your competition as well as follow the pack. Is not a passive income doing mining operations, but you can see it more like a business . For sure, those who are doing it, the goal is to hit the jackpot, make a profit from it and get enough to cover the initial investment. Is a good business opportunity in the bitcoin world, but the only problem is to have a lot of capital in order to acquire the hardware. |
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having an own business has the possibility to give you a stable or steady income until the time that you are already retired from your actual job , but take note this is not as easy as we expected before having a business you should have a knowledge about management or anything that involved to business management .
I use to dream of earning online through my websites using google adsense, but its not that simple. There are webmasters who really knew what they are doing and they eat newbies like me. Running such business needs a lot of skills. Its better to just set up a bakeshop or probably a water refilling station. It is the same. There will still be a lot of bakeshops who will bake better bread than the newbie. Whatever business you enter, there will be people better than you. You need to learn from those people and make your craft better. You do not give up, you work hard. That is how you become a better and have a steady income. Yes you will face competition in any business that you start and you will definitely have many competitors and the only way to have good income from business is either if you are into monopolist business or you are giving best services to customers in compare to others and that will make you unique in market and will help you in surviving in long term. You right, when you provide an excellent service in your business and the customer are happy, they will come again to buy from you. You need to create an experience for your customers and give value on any type of business. Then, the money will flow steady into your direction. I would like to create a Bitcoin business in a near future |
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There is no other coins to replaced bitcoin on the top bitcoin has a good progress since start and the adoption of more people are continuous it also help the great value of bitcoin to lure more people to invest and no other coin like good services of bitcoin.
Let's hope for that so we will continue to grow with our investment. In crypto world, everything is full of surprise or unpredictable so we need to be very careful with our judgement. Invest only what you can afford to lose and do not just put your investment in one basket. we can assure that bitcoin will never be replace by another cryptocurrency because bitcoin already has large network and a large number of people and huge amount of dollars has been invested on bitcoin also it already has a very large market which is spread to many online community . I do think that bitcoin can hardly be replaced by other cryptocurrencies but nothing can assure that bitcoin will rule the world of crypto coin forever. Who knows what will happen in the future because everything is unpredictable in this world, we can't even exactly predict the price of bitcoin not to mention its future. So just make the most of bitcoin while you can The best way to see it to enjoy the Bitcoin at the moment and hope it will continue to have a bright future. For the moment, I think it will continue to increase is market share, never forget it was the first one to appear ! Also, the price is pretty stable and it represents around 80% of the market of crytocurrency. |
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What a sad story that Faucetbox will cease they operation . I got a few payments from this site during this past summer. The only thing I really do not like from this site was that many faucets have too many banners and the pay was so little for the work and the time you spent. |
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I have a few that I use myself and they pay every week when you reach the threshold.
Bitcoinfam : Pay you 300 satoshi every 30 minutes to see an advertisement, you can claim when you reach 10000 satoshi. So far I claimed 381850 satochi with this program.
BitClaim : Pay you 200 satochi every 30 minutes and pay you when you reach over 10000 satochi. I received a few payments from this program.
I think is a good start to use those programs.
You can download and install them with the play store from google on your phone.
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Even you have already a passive income I think you still need to work for it. You need to maintain the consistency or much better as time passes so you can have a continuous passive income. Like in blogging, you need to update everything and monitor it.
The thing is, even if you leave your blogs alone, they will still earn some money. That is the beauty of passive income. So if you have created a lot of passive income, even if they just earn some bits, if you put all of them together, it will be a good source of income. Exactly the money will add up even if a tiny amount of money. But, if you don't maintain the blog and you don't add new content, the people will lose interest and the traffic will decrease. So basically, to maintain the passive income from a blog, you need to work on the blog constantly in order to get the money flowing. |
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The big crash is postponed. The FBI has stopped the investigation against Hillary Clinton. Two days before the election. Now nothing stands in the way of their victory. The exchanges are already celebrating this with good day wins. I am convinced that the election of Trump will not be a black swan for world economy.
If Trump wins he should first initiate investigations against the FBI themselves, their director and his accomplices. On the flip side, how do you know that the election of Hillary will postpone the big crash or even remove the possibility of it altogether? Markets are evidently smelling easy money, but wouldn't that bring crash even closer to reality? Something like wild merry dancing on a volcano? The market is simply making back the losses since Comey announced prematurely that the FBI was looking at Clinton's emails again. If you look at what that did for Trump, it improved his chances of winning from the low 20 percent to mid 30 percent range. That's a huge swing. The increased likelihood of a Trump win caused investors to flee to safety because one thing that smart money knows is that Trump would be a disaster for the economy. As Trump's odds have fallen back down, money is flowing back into the market. That's what the big rally today was. I also believe that Trump will not bring anything good economy. But I still hope that Trump will not fight cryptocurrency. In this case, people will be able to save your dollars convert them into Bitcoin I am not an american so basically I cannot vote for a candidate who supports crypto currency. I just hope who even win the election will support bitcoin so we can still have more progress in the future, america is an big country so they are big part of the success of bitcoin. If Trump want the US economy to grow and people have better life, he should encourage the use of bitcoin. I agree with your statement, they should encourage the use of Bitcoin. The people what they want is the possibility to have enough to pay they bill, have safety and freedom to use the bitcoin |
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What is the minimum amount to start as a trader?
You can try your luck on Yobit with as low as 10k sats but you can't deposit less than 0.002 on the site. If you can afford to lose that amount you should try it for getting some experience at least, but first you should say good bye to your money and if you feel that you are okay with that than try to trade, why not. I think the minimum should be the amount you can lose without stress and you need it. I never try trading myself with the Bitcoin price variation, but I'm waiting to a good amount before to give a try. I would say the minimum should be with 0.01 Bitcoin from my point of view. |
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If you are looking for a steady income better to look for a business you start and plan your earnings to invest to your own business for the first time you will lose but dont worry if you success promoting your site you will have a possive income.. daily or weekly..
Business is not really recomended when you are not good in business but for me you need to set a plan for earning and estimated of all expenses in business it's not really easy to build business when you don't know what business you are good , Maybe working per month is already considered as steady income. Indeed mate. It's really hard to establish a business especially nowadays because there's a lot of competitions all around you and your business should be unique and very useful to people so you won't lose a clients or customers. Not like if you already have a stablished business before you can consider it a steady income. What's sad is the fact that since the beginning, even if you have a unique idea, people would just copy it and then make it better. If you're not good at business, establishing one would be really really hard. You need to have people helping you, financing you, so you know that no one will just copy your idea and make money out of it. You should assure that you'll be the number one when you're going to offer a unique service. Otherwise, you'll regret not getting ready enough before you launch your service. This is the main reason why people just look for a job and never try to establish a business. The mere reason as stated is that, with lacking skill in business or entrepreneurship there is no way their new business will have an easy success. So instead of taking risk with an unknown result, they would rather have a job and be paid regularly. Without the risk of starting a business or at least try, you will never know if you can succeed or not. A day job can give you a steady pay check and good benefits, but you can't lose it also without any warning. I think the best way is to have a steady income stream from a day job and try to get bitcoin on the side. |
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