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Author Topic: Will you quit your day job to go full time on bitcoin?  (Read 459156 times)
chaosknight
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August 09, 2016, 12:15:35 PM
 #5221

having mining hardware for make permanent earning or salary is best inovation before go full time on bitcoin, we can use salary from mining for daily cost and trading as bonus Roll Eyes
I hope it is more profitable now, considering the amount of investment you need to buy the hardware before you can start mining that is already expensive and also the bill should be settled regularly so the expenses is really fixed while the mining difficulty increase and the price is falling back. I would prefer trading than mining.

It can be profitable if their electricity is really cheap. The return of investment for the mining rigs can be easily achieve in a few months. The real factor in determining profit is electric and internet bill. If these two is covered, they can easily earn a living thru mining.

yeah the first thing that you have to consider about mining is the electricity cost and then you have to choose wisely, for example these days mining altcoin is a lot more profitable but only if you choose the right coin to mine and sell it on the right time.
besides you have to run the mining equipment for long hours which can be unsettling for many at home because of the noise and the heat.
That's true, mining is profitable but only for those who really focus to do that job because they have all the resources to start, remember that mining requires a decent amount of money to make it successfully and if I were to choose I would definitely go with trading rather than mining.

Yeah trading is better option in compare to mining as mining requires higher capital to invest, where as in trading you can even start with small amount at initial stage.
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August 09, 2016, 02:38:34 PM
 #5222

It's very hard question, from one side, it's very interesting and new experience for me, but on the other side something can go wrong and i will lost my day job..

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August 09, 2016, 02:50:32 PM
 #5223

If it gives a good assurance for a good source of income then why not, but as of you know bitcoin after a stable job then as should say that maybe bitcoin is a part of mysideline job .But if in long run if it gives you more than your stable job, then maybe I will stay focus on bitcoin and quit for my day job.

if you can get salary from both of them why not?
i think we can use bitcoin as assurance investment for retirement day, then use real salary from daily cost and needs.
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August 09, 2016, 04:32:57 PM
 #5224

If it gives a good assurance for a good source of income then why not, but as of you know bitcoin after a stable job then as should say that maybe bitcoin is a part of mysideline job .But if in long run if it gives you more than your stable job, then maybe I will stay focus on bitcoin and quit for my day job.

if you can get salary from both of them why not?
i think we can use bitcoin as assurance investment for retirement day, then use real salary from daily cost and needs.

Yeah for investment in bitcoin you do not have to quit your day job. if only to buy and hold for the long term. but if you are a trader, you might have to take the full time for bitcoin. I see a lot of people who took full time in bitcoin and just to be a trader. because being a trader can benefit very high, even more than someone who real job.

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August 09, 2016, 04:37:48 PM
 #5225

If it gives a good assurance for a good source of income then why not, but as of you know bitcoin after a stable job then as should say that maybe bitcoin is a part of mysideline job .But if in long run if it gives you more than your stable job, then maybe I will stay focus on bitcoin and quit for my day job.

if you can get salary from both of them why not?
i think we can use bitcoin as assurance investment for retirement day, then use real salary from daily cost and needs.

I agree,if you were well paid in your current job, then why not listen to what i qouted say, save it and make  it as assurance for your future.  Besides it is always great to have multiple source of income.  If one got problem then you have another one to catch  you in  time of need.

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August 09, 2016, 04:45:56 PM
 #5226

If it gives a good assurance for a good source of income then why not, but as of you know bitcoin after a stable job then as should say that maybe bitcoin is a part of mysideline job .But if in long run if it gives you more than your stable job, then maybe I will stay focus on bitcoin and quit for my day job.

if you can get salary from both of them why not?
i think we can use bitcoin as assurance investment for retirement day, then use real salary from daily cost and needs.

I agree,if you were well paid in your current job, then why not listen to what i qouted say, save it and make  it as assurance for your future.  Besides it is always great to have multiple source of income.  If one got problem then you have another one to catch  you in  time of need.

Yeah manage your schedule and try to earn from both of them, its always risky to depend only on bitcoin as its future is unpredictable and anything can happen in future.
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August 09, 2016, 05:18:11 PM
 #5227

i would never do that to not lose a lot of money i earn from job
Doamader
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August 10, 2016, 12:09:34 AM
 #5228

If it gives a good assurance for a good source of income then why not, but as of you know bitcoin after a stable job then as should say that maybe bitcoin is a part of mysideline job .But if in long run if it gives you more than your stable job, then maybe I will stay focus on bitcoin and quit for my day job.

if you can get salary from both of them why not?
i think we can use bitcoin as assurance investment for retirement day, then use real salary from daily cost and needs.

I full agree with you, even not earning a salary from bitcoin im able to get some income, with those im planing to fund my savings, starting on the next year, as this year im investing almost everything i got. But i wouldnt never left my job, as those will affect me if im thinking to retire, even with some good ammount of bitcoin, i would just save the bitcoin into the bank or make some aplications as i consider almost all ways to get bitcoins very risk to even try it again.
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August 10, 2016, 02:17:49 AM
 #5229

If it gives a good assurance for a good source of income then why not, but as of you know bitcoin after a stable job then as should say that maybe bitcoin is a part of mysideline job .But if in long run if it gives you more than your stable job, then maybe I will stay focus on bitcoin and quit for my day job.

Reasonable answer for this thread, it can be assumed that at the point where you make more from BTC than a real job that there's definately some skill of reading the market(or enough knowledge to make an educated guess of market trends) so if someone gets to that point switching jobs sounds completely reasonable.
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August 10, 2016, 03:09:50 AM
 #5230

If it gives a good assurance for a good source of income then why not, but as of you know bitcoin after a stable job then as should say that maybe bitcoin is a part of mysideline job .But if in long run if it gives you more than your stable job, then maybe I will stay focus on bitcoin and quit for my day job.

Reasonable answer for this thread, it can be assumed that at the point where you make more from BTC than a real job that there's definately some skill of reading the market(or enough knowledge to make an educated guess of market trends) so if someone gets to that point switching jobs sounds completely reasonable.
Because it is not always our job will give us a better income, it is apparent that our job can give us a stable income but the question is, are we satisfied with that? If not, we have to venture into other business and we need to risk a little bit to reach our dreams in the future.

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August 10, 2016, 03:42:24 AM
 #5231

If it gives a good assurance for a good source of income then why not, but as of you know bitcoin after a stable job then as should say that maybe bitcoin is a part of mysideline job .But if in long run if it gives you more than your stable job, then maybe I will stay focus on bitcoin and quit for my day job.

Reasonable answer for this thread, it can be assumed that at the point where you make more from BTC than a real job that there's definately some skill of reading the market(or enough knowledge to make an educated guess of market trends) so if someone gets to that point switching jobs sounds completely reasonable.
Because it is not always our job will give us a better income, it is apparent that our job can give us a stable income but the question is, are we satisfied with that? If not, we have to venture into other business and we need to risk a little bit to reach our dreams in the future.

Yes you are right, having a job is just getting some assurance that you are going to have something for your daily needs and you are going to work for it. That is why you need more source of income such as bitcoin if you want to have good earnings and get rich. You don't have to sacrifice anything what you need is proper time management.


YEP!. i do earn a lot in my fulltime job than bitcoin but if i earn a lot with bitcoin then i do prefer the bitcoin Cheesy

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CrimBit
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August 10, 2016, 04:07:36 AM
 #5232

If it gives a good assurance for a good source of income then why not, but as of you know bitcoin after a stable job then as should say that maybe bitcoin is a part of mysideline job .But if in long run if it gives you more than your stable job, then maybe I will stay focus on bitcoin and quit for my day job.

Reasonable answer for this thread, it can be assumed that at the point where you make more from BTC than a real job that there's definately some skill of reading the market(or enough knowledge to make an educated guess of market trends) so if someone gets to that point switching jobs sounds completely reasonable.
Because it is not always our job will give us a better income, it is apparent that our job can give us a stable income but the question is, are we satisfied with that? If not, we have to venture into other business and we need to risk a little bit to reach our dreams in the future.

wow nice word to motivate my self.
in this time my salary arround $200 but im use bitcoin as my sidejob, my earning from bitcoin arround $400 permonth it's higher than my salary, sometimes i want to take the risk and go out from my job. but im not have mental to do it.

now i prepare my self by collecting bitcoin as much as possible then building mining rig, after have 1000mhs power to earning ethereum, im sure i will leave my daily job Smiley

it's good to take risk for better life, but if we can minimize the risk we must do it.

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August 10, 2016, 04:46:47 AM
 #5233

If it gives a good assurance for a good source of income then why not, but as of you know bitcoin after a stable job then as should say that maybe bitcoin is a part of mysideline job .But if in long run if it gives you more than your stable job, then maybe I will stay focus on bitcoin and quit for my day job.

Reasonable answer for this thread, it can be assumed that at the point where you make more from BTC than a real job that there's definately some skill of reading the market(or enough knowledge to make an educated guess of market trends) so if someone gets to that point switching jobs sounds completely reasonable.
Because it is not always our job will give us a better income, it is apparent that our job can give us a stable income but the question is, are we satisfied with that? If not, we have to venture into other business and we need to risk a little bit to reach our dreams in the future.

Yes you are right, having a job is just getting some assurance that you are going to have something for your daily needs and you are going to work for it. That is why you need more source of income such as bitcoin if you want to have good earnings and get rich. You don't have to sacrifice anything what you need is proper time management.

If a person can be more productive in bitcoin if he focuses his attention to it, why not? Bitcoin offers a good opportunity to make a lot of money, even more than what an ordinary employee can earn. If a person can focus on that and make it work, then maybe it is worth it to leave a day job and just focus on bitcoin.
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August 10, 2016, 04:48:28 AM
Last edit: August 10, 2016, 05:05:40 AM by Hannu
 #5234

Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?

Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.

Yes i am very inspired, what is the price to quit daytime job? Earning example $4000/month

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August 10, 2016, 04:54:12 AM
 #5235

If it gives a good assurance for a good source of income then why not, but as of you know bitcoin after a stable job then as should say that maybe bitcoin is a part of mysideline job .But if in long run if it gives you more than your stable job, then maybe I will stay focus on bitcoin and quit for my day job.

Reasonable answer for this thread, it can be assumed that at the point where you make more from BTC than a real job that there's definately some skill of reading the market(or enough knowledge to make an educated guess of market trends) so if someone gets to that point switching jobs sounds completely reasonable.

Yes, you can only quit your job if you are a btc expert sort of like that.  You can quit if you earn more than the compensation you get from a regular job, otherwise you just continue to work and used btc as another source of income.  I wish I could do that someday when I can quit my job and earning big time with btc.
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August 10, 2016, 04:56:15 AM
 #5236



Yes you are right, having a job is just getting some assurance that you are going to have something for your daily needs and you are going to work for it. That is why you need more source of income such as bitcoin if you want to have good earnings and get rich. You don't have to sacrifice anything what you need is proper time management.

If a person can be more productive in bitcoin if he focuses his attention to it, why not? Bitcoin offers a good opportunity to make a lot of money, even more than what an ordinary employee can earn. If a person can focus on that and make it work, then maybe it is worth it to leave a day job and just focus on bitcoin.
[/quote] Are you sure that bitcoin can give you so much to the stable income that can give up other sources of income? There is no doubt in the courses, ie on the difference in price can make good money, but I do not think that this method may be permanent.
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August 10, 2016, 07:06:07 AM
 #5237

Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?

Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.

Yes i am very inspired, what is the price to quit daytime job? Earn example $4000/month?

Well if you are going to earn $4,000 per month then that is a reasonable earning to quit your day time job. Even I if I'm earning that amount stable on bitcoin then I am going to choose bitcoin either. But I can't even think that is it really possible to earn $4,000 per month and maybe you are going to have a lot of source too.

Yea like trading? Mining on ASIC is not profitable. If you dont have 10-50 PH/s mining power.

BTC: 3Qnnx4cu45Gx4WcksNCnBPu3TaUZ5sKkLo
LTC: LYX1ZH7f4qcXq52AzA6grUYDfDngVz7BEi
XRP: rLrbZMJDdL8eQd7HsW314bCtvE16LTLYkM?dt=1113
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August 10, 2016, 07:19:22 AM
 #5238

Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?

Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.

Yes i am very inspired, what is the price to quit daytime job? Earn example $4000/month?

Well if you are going to earn $4,000 per month then that is a reasonable earning to quit your day time job. Even I if I'm earning that amount stable on bitcoin then I am going to choose bitcoin either. But I can't even think that is it really possible to earn $4,000 per month and maybe you are going to have a lot of source too.

Yea like trading? Mining on ASIC is not profitable. If you dont have 10-50 PH/s mining power.

but ethereum mining is still profitable, i earn arround 4 etc perday, using 2x r9 390 + r9 280x i get arround 82.5mhs. i think if you have big capital better to leave your job and focus at mining.

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August 10, 2016, 07:21:33 AM
 #5239

Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?

Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.

Yes i am very inspired, what is the price to quit daytime job? Earn example $4000/month?

Well if you are going to earn $4,000 per month then that is a reasonable earning to quit your day time job. Even I if I'm earning that amount stable on bitcoin then I am going to choose bitcoin either. But I can't even think that is it really possible to earn $4,000 per month and maybe you are going to have a lot of source too.

$4k is very high amount to earn regularly, and if you want to earn that amount then you also need to invest higher amount at initial stage which is an risky affair.
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August 10, 2016, 07:49:51 AM
 #5240

Are you inspired by those bitcoin millionaires? Are you thinking of filing a resignation letter on your day job (if you have any) and focus on bitcoin instead?

Me? I do have a day job and I consider bitcoin as my side job. I don't want to lose that another source of income just because bitcoin is awesome.

Yes i am very inspired, what is the price to quit daytime job? Earn example $4000/month?

Well if you are going to earn $4,000 per month then that is a reasonable earning to quit your day time job. Even I if I'm earning that amount stable on bitcoin then I am going to choose bitcoin either. But I can't even think that is it really possible to earn $4,000 per month and maybe you are going to have a lot of source too.
Even $2,000 per month would be enough for me, actually my demand is really not that high as I just want to live a simple life away from the city as long as there is an internet connection where I can do my job at anytime. In that way, I have a time to spend with my family as I am just in the house working.

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