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Author Topic: Will you quit your day job to go full time on bitcoin?  (Read 459156 times)
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August 20, 2016, 11:50:30 AM
 #5401

It depends on the job, and the level of stability, of course. But as we can see, things are not very stable in crypto lately.

If we are just going to think of it clearly, it is very hard if we are going to depend only with your full time job and it is going to be good if you are going to have a lot of sources of income. And it is going to be better if you are going to able to have your time for both of it. It seems that many are working for bitcoin in full time here.
If you work with bitcoin, it is necessary to work round the clock and not only during weekdays. The financial sector of the economy has not weekends and lunch hours.
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August 20, 2016, 12:09:34 PM
 #5402

It depends on the job, and the level of stability, of course. But as we can see, things are not very stable in crypto lately.

If we are just going to think of it clearly, it is very hard if we are going to depend only with your full time job and it is going to be good if you are going to have a lot of sources of income. And it is going to be better if you are going to able to have your time for both of it. It seems that many are working for bitcoin in full time here.

have income from various sources it is very good if you are able to manage the time for it, but if you can not manage a good time it will be chaotic. so better take jobs that have higher incomes.

Yes its always good to have multiple sources of income but that is only possible if you hold good time management skills, and if you have it then you can easily make good money in different ways.

That's true even professionals are doing it. Especially when they have a lot of spare time they are getting bored from it. They want that their spare time is going to be profitable and it is going to be good if we are going to allocate that time to bitcoin. Full time or part time as long as you are not having hard time to manage your time.

People who are not satisfied with their income will surely find the other way to earn money, and bitcoin is the best to earn some additional money and most of them are earning in the best possible way.
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August 20, 2016, 12:11:47 PM
 #5403

It would be too risky to quit your job but it would be good for you if you would make use of bitcoin too.
Yeah! it is true that quitting our job is too risky as we might not succeed in focusing with bitcoin. Our job provides us a stable and consistent income while in bitcoin we might lose our money, that's the big difference for everyone who wish to go full time with bitcoin.

There are many people who are full time in bitcoin especially the traders who are making good money with it but to get full time on bitcoin you also need high capital to invest at initial stage.
Maybe you can say that because you are just hearing one side of the story, not all traders are making money because if that is easy we are all into trading now, it needs a good skills and knowledge to be successful if not we will just doing it like a gambling that we rely on luck alone.
Well agree with you not all trader are lucky to get more profit when they trade , other trader get big loss when they accidentally buy shit coin. And they just hold they coin even though there just loosing there capital but don't have a choice but to hold it than loosing so much money.
That is part of the journey in trading, there are coins that has a good potential to be big in the future but suddenly it becomes a shit coins and you will surely lose a lot of money if you do not know how to diversify your investment.

Diversifying your investment is the key in combatting some losses in your trades. Although I am not good yet in trading, (surely will within the year Smiley ) diversifying makes a lot of sense. Because if we put all of our eggs in one basket and that basket fell completely, then all of our eggs is gone.
Yeah, that's right and I am saying that base on my experience, I have tried to trade this coins name LIR and I put a decent amount because I think it is very promising but it does not work the way I expect it to happen so now I regret it and my coins are stuck because I cannot sell it for profit.
This is like a lesson to learn, investing into some altcoin may be profitable as well turn into a nightmare, this is crypto world, thats why people must remember bitcoin potencial income is huge for skilled people like developers and people who have projects connected to bitcoin, normal people will get a small income from bitcoin, soo real work is needed to all of them, besides its advantages against bitcoin.
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August 20, 2016, 12:16:40 PM
 #5404

It would be too risky to quit your job but it would be good for you if you would make use of bitcoin too.
Yeah! it is true that quitting our job is too risky as we might not succeed in focusing with bitcoin. Our job provides us a stable and consistent income while in bitcoin we might lose our money, that's the big difference for everyone who wish to go full time with bitcoin.

There are many people who are full time in bitcoin especially the traders who are making good money with it but to get full time on bitcoin you also need high capital to invest at initial stage.
Maybe you can say that because you are just hearing one side of the story, not all traders are making money because if that is easy we are all into trading now, it needs a good skills and knowledge to be successful if not we will just doing it like a gambling that we rely on luck alone.
Well agree with you not all trader are lucky to get more profit when they trade , other trader get big loss when they accidentally buy shit coin. And they just hold they coin even though there just loosing there capital but don't have a choice but to hold it than loosing so much money.
That is part of the journey in trading, there are coins that has a good potential to be big in the future but suddenly it becomes a shit coins and you will surely lose a lot of money if you do not know how to diversify your investment.

Diversifying your investment is the key in combatting some losses in your trades. Although I am not good yet in trading, (surely will within the year Smiley ) diversifying makes a lot of sense. Because if we put all of our eggs in one basket and that basket fell completely, then all of our eggs is gone.
Yeah, that's right and I am saying that base on my experience, I have tried to trade this coins name LIR and I put a decent amount because I think it is very promising but it does not work the way I expect it to happen so now I regret it and my coins are stuck because I cannot sell it for profit.
This is like a lesson to learn, investing into some altcoin may be profitable as well turn into a nightmare, this is crypto world, thats why people must remember bitcoin potencial income is huge for skilled people like developers and people who have projects connected to bitcoin, normal people will get a small income from bitcoin, soo real work is needed to all of them, besides its advantages against bitcoin.
That's why I like it here because all the opportunity can be found in the crypto world, we don't know each other but we are connected in this world. One cannot be judge by his scholastic record to be respected here but for his real accomplishment in the community, unlike in real world that it full of politics.

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August 20, 2016, 12:33:15 PM
 #5405

You cant just leave your job because it can give a steady income. Bitcoin is very unstable and we know that. Sometimes its low, sometimes its high. Theres no guarantee it will give you a decent profit. Job is very important so love your job. Its better to do job at the same time managing your bitcoin. I suggest invest your bitcoins, so small amount of time you have to spend at bitcoin and focus ou your job.
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August 20, 2016, 01:31:53 PM
 #5406

It depends on the job, and the level of stability, of course. But as we can see, things are not very stable in crypto lately.

If we are just going to think of it clearly, it is very hard if we are going to depend only with your full time job and it is going to be good if you are going to have a lot of sources of income. And it is going to be better if you are going to able to have your time for both of it. It seems that many are working for bitcoin in full time here.

I think more are working as part time job. I think there are more signature campaigners than actual bitcoin enthusiasts or bitcoin traders. And if you are jusy earning thru signature campaign, I do not think you can go fulltime on bitcoin. Only those who have mining capabilities, traders and gambling site owners can go fulltime on bitcoin.
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August 20, 2016, 01:46:02 PM
 #5407

It would be too risky to quit your job but it would be good for you if you would make use of bitcoin too.
Yeah! it is true that quitting our job is too risky as we might not succeed in focusing with bitcoin. Our job provides us a stable and consistent income while in bitcoin we might lose our money, that's the big difference for everyone who wish to go full time with bitcoin.

It is risky if you have no.actual plan to make steady income in bitcoin. But if you have a business or you are a good.trader, then you should have no problem transitioning from day job to bitcoin.
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August 20, 2016, 02:30:56 PM
 #5408

It would be too risky to quit your job but it would be good for you if you would make use of bitcoin too.
Yeah! it is true that quitting our job is too risky as we might not succeed in focusing with bitcoin. Our job provides us a stable and consistent income while in bitcoin we might lose our money, that's the big difference for everyone who wish to go full time with bitcoin.

It is risky if you have no.actual plan to make steady income in bitcoin. But if you have a business or you are a good.trader, then you should have no problem transitioning from day job to bitcoin.

You can earn descent income from trading but only if you are expert in it and also if you have enough capital to start off, and if you don't then its better to keep it an passive income.
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August 20, 2016, 03:10:07 PM
 #5409

It would be too risky to quit your job but it would be good for you if you would make use of bitcoin too.
Yeah! it is true that quitting our job is too risky as we might not succeed in focusing with bitcoin. Our job provides us a stable and consistent income while in bitcoin we might lose our money, that's the big difference for everyone who wish to go full time with bitcoin.

There are many people who are full time in bitcoin especially the traders who are making good money with it but to get full time on bitcoin you also need high capital to invest at initial stage.
yeah though it is risky to be a trader at the moment, in my opinion they never can earn any steady income unfortunately

Being a trader, yes  you can go full time but the income is not guaranteed for everyday profits. Trading is a good way of source of income but it depends on how you trade the outcome would result in your  trading skills and decision making. Quiting your day job just to go fulltime in bitcoin is a very risky thing to do.
To be successful in trading, you need a lot of experience and knowledge in it. It cannot be done in a day. So before you quit your job to do trading, be sure you are already well versed in trading and can sustain an income. Otherwise, do it both so can have an income while mastering trading.
I think its better to earn from both of them as depending only on bitcoin can be risky, price may go very low in future and that will result in low income which may not take care of our expenses.
Better to be safe than sorry because bitcoin is just new to our life and it could not last for long. Just enjoy the moment and get the opportunity to earn while bitcoin's economy is so successful, let us do support bitcoin as it can also give us a good income when it succeeds more.

Also, You need to observe the bitcoin supply and demand rate to predict the right time to earn a great profit when you convert your BTC to Fiat. If you noticed, after the halving, the value of bitcoin reached above $700 but now its $570; those extra dollars missed actually count a lot.

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August 20, 2016, 04:17:10 PM
 #5410

It depends on the job, and the level of stability, of course. But as we can see, things are not very stable in crypto lately.

If we are just going to think of it clearly, it is very hard if we are going to depend only with your full time job and it is going to be good if you are going to have a lot of sources of income. And it is going to be better if you are going to able to have your time for both of it. It seems that many are working for bitcoin in full time here.

have income from various sources it is very good if you are able to manage the time for it, but if you can not manage a good time it will be chaotic. so better take jobs that have higher incomes.

Having different sources of income is ideal because even if one of them dries up you still have other sources of revenue. However in order to do that you will probably need to have a job with flexible hours or being your own boss and having your own business.

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August 20, 2016, 04:38:23 PM
 #5411

It depends on the job, and the level of stability, of course. But as we can see, things are not very stable in crypto lately.

If we are just going to think of it clearly, it is very hard if we are going to depend only with your full time job and it is going to be good if you are going to have a lot of sources of income. And it is going to be better if you are going to able to have your time for both of it. It seems that many are working for bitcoin in full time here.

have income from various sources it is very good if you are able to manage the time for it, but if you can not manage a good time it will be chaotic. so better take jobs that have higher incomes.

Having different sources of income is ideal because even if one of them dries up you still have other sources of revenue. However in order to do that you will probably need to have a job with flexible hours or being your own boss and having your own business.

If you prefer to work on flexible hours and if you want to be your own boss then I think working on bitcoin is the best way to do that, the only thing you need to make sure that you are earning descent amount on  monthly basis.
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August 20, 2016, 08:50:12 PM
 #5412

already done that my day job is signature campaign lol, job kill your life, with signature i can earn comfortably at home without paying any taxes on it, because i'm not selling bitcoin or anything, this is the best part of it

being payed directly in bitcoin with those kind of activity is fantastic


you must be earning a lot already because of signature campaign and I guess this is not your only account because weekly or monthly pay of signature campaigns is not really that big
i agree with you that signature campaign pay bitcoin in very low amount like as .02 bitcoin in week and you are right there is no signature campaign who pay bitcoin in big amount. 
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August 20, 2016, 09:56:56 PM
 #5413

I may do this  if bitcoin price goes up to 2000$ and singature campaigns pay the money equal to what they are paying now.
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August 20, 2016, 11:29:15 PM
 #5414

It would be too risky to quit your job but it would be good for you if you would make use of bitcoin too.
Yeah! it is true that quitting our job is too risky as we might not succeed in focusing with bitcoin. Our job provides us a stable and consistent income while in bitcoin we might lose our money, that's the big difference for everyone who wish to go full time with bitcoin.

It is risky if you have no.actual plan to make steady income in bitcoin. But if you have a business or you are a good.trader, then you should have no problem transitioning from day job to bitcoin.

You can earn descent income from trading but only if you are expert in it and also if you have enough capital to start off, and if you don't then its better to keep it an passive income.

It is sad but it is true. You cannot just venture into trading without enough capital. You can start small but the income will not be enough to make a living out of it. But if you have enough capital and really good.at predicting the trend, then you can live comfortably using trading income.
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August 21, 2016, 12:20:20 AM
 #5415

I may do this  if bitcoin price goes up to 2000$ and singature campaigns pay the money equal to what they are paying now.

If the price of bitcoin goes up to $2000, i'm sure the rates on signature campaign will decrease following the bitcoins price and i think earning only from signature campaign can't earn a living. It's better to continue your day job.
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August 21, 2016, 12:27:43 AM
 #5416

I may do this  if bitcoin price goes up to 2000$ and singature campaigns pay the money equal to what they are paying now.

If the price of bitcoin goes up to $2000, i'm sure the rates on signature campaign will decrease following the bitcoins price and i think earning only from signature campaign can't earn a living. It's better to continue your day job.

Yeah,. It's a sure thing to do. for if it is not done, it will increase the amount of funds budgeted for the campaign sign. Because I think that the purpose of the campaign sign to make their sites became popular and used by everyone, if they put out a pretty big budget but devotees are a bit then it would not be a good thing
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August 21, 2016, 12:36:39 AM
 #5417

I may do this  if bitcoin price goes up to 2000$ and singature campaigns pay the money equal to what they are paying now.

If the price of bitcoin goes up to $2000, i'm sure the rates on signature campaign will decrease following the bitcoins price and i think earning only from signature campaign can't earn a living. It's better to continue your day job.

Yeah,. It's a sure thing to do. for if it is not done, it will increase the amount of funds budgeted for the campaign sign. Because I think that the purpose of the campaign sign to make their sites became popular and used by everyone, if they put out a pretty big budget but devotees are a bit then it would not be a good thing

If bitcoins price would reach $2k , for sure they would adjust  the payrates they will maintain the rate exact on dollars basis since  the  money they would use is in dollars no matter high it is  the amount  in bitcoins  would change only its figures  but the value or equivalent of it  would be still the same as of  this day. Just my opinion.

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August 21, 2016, 02:02:56 AM
 #5418

I may do this  if bitcoin price goes up to 2000$ and singature campaigns pay the money equal to what they are paying now.

If the price of bitcoin goes up to $2000, i'm sure the rates on signature campaign will decrease following the bitcoins price and i think earning only from signature campaign can't earn a living. It's better to continue your day job.

Yeah,. It's a sure thing to do. for if it is not done, it will increase the amount of funds budgeted for the campaign sign. Because I think that the purpose of the campaign sign to make their sites became popular and used by everyone, if they put out a pretty big budget but devotees are a bit then it would not be a good thing

If bitcoins price would reach $2k , for sure they would adjust  the payrates they will maintain the rate exact on dollars basis since  the  money they would use is in dollars no matter high it is  the amount  in bitcoins  would change only its figures  but the value or equivalent of it  would be still the same as of  this day. Just my opinion.
Some would not change because we are not just basing in dollars here, remember that we are compose of many countries here and if the amount is only base on dollars it is just an indirect way of saying that they are more dominant than other countries who are also active here.

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August 21, 2016, 02:39:10 AM
 #5419

It would be too risky to quit your job but it would be good for you if you would make use of bitcoin too.
Yeah! it is true that quitting our job is too risky as we might not succeed in focusing with bitcoin. Our job provides us a stable and consistent income while in bitcoin we might lose our money, that's the big difference for everyone who wish to go full time with bitcoin.

It is risky if you have no.actual plan to make steady income in bitcoin. But if you have a business or you are a good.trader, then you should have no problem transitioning from day job to bitcoin.

You can earn descent income from trading but only if you are expert in it and also if you have enough capital to start off, and if you don't then its better to keep it an passive income.

It is sad but it is true. You cannot just venture into trading without enough capital. You can start small but the income will not be enough to make a living out of it. But if you have enough capital and really good.at predicting the trend, then you can live comfortably using trading income.

So before we decide to quit our day job to do trading, we need to have a good amount of savings and capital for trading. Both are separate - savings is what you will use while you have no regular income while capital is the one that you will be going to use for your trading. Both must be separate of use.
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August 21, 2016, 02:42:58 AM
 #5420

It would be too risky to quit your job but it would be good for you if you would make use of bitcoin too.
Yeah! it is true that quitting our job is too risky as we might not succeed in focusing with bitcoin. Our job provides us a stable and consistent income while in bitcoin we might lose our money, that's the big difference for everyone who wish to go full time with bitcoin.

It is risky if you have no.actual plan to make steady income in bitcoin. But if you have a business or you are a good.trader, then you should have no problem transitioning from day job to bitcoin.

You can earn descent income from trading but only if you are expert in it and also if you have enough capital to start off, and if you don't then its better to keep it an passive income.

It is sad but it is true. You cannot just venture into trading without enough capital. You can start small but the income will not be enough to make a living out of it. But if you have enough capital and really good.at predicting the trend, then you can live comfortably using trading income.
That's a very true statement, there was a movie that I watched a few months ago called "The Big Short" and there was a pair of investors interested in getting a specific license in order to start high-risk trading, yet they needed $1.5B or something close to that in order to qualify for the capital requirements. In the real world and in Bitcoin there is definitely a ton of capital required to do well.
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