gkv9
Legendary
 Offline
Activity: 1246
Merit: 1000
!!! RiSe aBovE ThE StoRm !!!
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January 30, 2016, 09:38:31 PM |
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I usually sell 1 BTC every month to meet the needs of my life. This very enough, because I am still single  The more important fact is your whereabouts. In some countries 1BTC is a LOT of money but rich EU countries or USA it is not that much. I think this question needs to be answered individually by every person who wants to trade bitcoin/cryptocurrencies. And of course you can live from it, I know people who are earning that way, but that is not your standard office job, more like a gambling - but with potentially lower risks. yes 1 BTC/month in some Asian countries I thought it was very enough, do not have a high cost of living like in europe. You are right, I live in India and it's very easy to survive if I spend BTC1 a month everytime... But sometimes, inflation increases a lot due to which it is not possible to decide that what amount do we actually need in order to live on BTC... despite being married 1 BTC is still quite alive in asia. yes it all depends on us, if we are smart to manage money 1 BTC/month can be enough Yeah true, but after getting married, we need some more coins, not 1 full, but at least 0.5 BTC more in order to survive as if we get children in our life... And yes, money management is obviously the most important step that we need to take care of if we are to live on Bitcoins alone, as the value of BTC is a factor based on which we will be managing our fiat and expenses... |
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--Encrypted--
Copper Member
Legendary
Offline
Activity: 924
Merit: 1007
hee-ho.
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January 30, 2016, 10:16:42 PM |
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most of the time I don't need to sell bitcoin to make a living. only for paying some things like phone bills and such. I have a friend who trades alot. He usually day trades socks and shares, but recently he's gotten into bitcoin.
your friend trade socks? ookaaay...  |
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2legit2
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January 30, 2016, 10:26:11 PM |
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i think i would need to sell a couple of hundreds to be rich and be able to live my life only from bitcoin
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Za1n
Legendary
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Activity: 1078
Merit: 1011
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January 31, 2016, 12:37:40 AM |
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I usually sell 1 BTC every month to meet the needs of my life. This very enough, because I am still single The more important fact is your whereabouts. In some countries 1BTC is a LOT of money but rich EU countries or USA it is not that much. I think this question needs to be answered individually by every person who wants to trade bitcoin/cryptocurrencies. And of course you can live from it, I know people who are earning that way, but that is not your standard office job, more like a gambling - but with potentially lower risks. yes 1 BTC/month in some Asian countries I thought it was very enough, do not have a high cost of living like in europe. You are right, I live in India and it's very easy to survive if I spend BTC1 a month everytime... But sometimes, inflation increases a lot due to which it is not possible to decide that what amount do we actually need in order to live on BTC... despite being married 1 BTC is still quite alive in asia. yes it all depends on us, if we are smart to manage money 1 BTC/month can be enough it depends on where you live and how much is the cost of life in that place. in some big cities of some countries 1 BTC/month is not enough for living no matter if you manage it smart or not. add to that factors like mortgage payment or student loans,... then even 2 BTC is not going to be enough. This is it exactly, there is no one right answer as there are way too many variables. To answer for you specifically you just figure what you need to live on in your local currency for 1 month, then divide that amount by price (in your currency)/1 btc and you will have the number for BTCs a month you need to live. Of course this will probably vary month by month as the price of btc fluctuates a lot. BTC is still too new and volatile in price right now to be a reliable means of living off. Even if you managed to secure a steady 2 BTC a month income, and further assuming that was enough in your region to live off of, what happens if the price of BTC drops in half? Sadly, BTC is still very much tied to its value it fiat, so at the end of the day even if you are buying things in btc, it is still priced based upon its relative value in fiat. A 0.01 BTC Starbucks today might sell for 0.02 BTC tomorrow and 0.05 BTC next month. |
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pocarime32
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January 31, 2016, 01:05:44 AM |
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I need to earn 0.2 bitcoin each week for make a living my life. but nowdays it's hard because i feel lazy and the price of bitcoin keep decrease. and that makes me lazy to do it. if the price back up to $450 it will be good.
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avw1982
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January 31, 2016, 08:56:08 AM |
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I need to earn 0.2 bitcoin each week for make a living my life. but nowdays it's hard because i feel lazy and the price of bitcoin keep decrease. and that makes me lazy to do it. if the price back up to $450 it will be good.
I am doing my day work as well along with bitcoin works. If I completely depend on bitcoin means according to my city conditions I need 1 btc per month for me to run my family. |
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adam48
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January 31, 2016, 09:36:05 AM |
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0.1BTC/week enough for me. because I was young and unmarried. and try to live a simple, though young I never spend money to have fun
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relq
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February 01, 2016, 11:28:40 AM |
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I think i need at least 0.1-0.2 bitcoin/week to make a living. but since the bitcoin price keep going down, i think i will need more bitcoin for living.
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JasonXG
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February 29, 2016, 07:05:42 PM |
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For someone who is a full member thats a really really stupid question. How did u even become a full member ?
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EdenHazard
Legendary
Offline
Activity: 2674
Merit: 1048
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March 01, 2016, 04:33:20 PM |
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Is it even possible to make a living by selling bitcoins?
i believe it is quite possible, if I have a very good miner, and accustomed to mining bitcoin, I'm sure I could live with selling bitcoins daily. |
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bebeko
Newbie
Offline
Activity: 42
Merit: 0
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March 01, 2016, 06:12:58 PM |
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I think i need at least 0.1-0.2 bitcoin/week to make a living. but since the bitcoin price keep going down, i think i will need more bitcoin for living.
I think it is sufficient if you are only single, how about if you are married and if you have a baby? |
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greBit
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March 01, 2016, 08:28:40 PM |
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Is it even possible to make a living by selling bitcoins?
i believe it is quite possible, if I have a very good miner, and accustomed to mining bitcoin, I'm sure I could live with selling bitcoins daily. Yes but mining is not a easy job and the machine itself consumes hell lot of electricity and you will invest your time as well but yes we can make living out of selling bitcoin but i don't have exact number how many btc do we require because it depends on the value of bitcoin during that particular time |
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Reynaldo
Legendary
Offline
Activity: 1143
Merit: 1000
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March 01, 2016, 08:37:50 PM |
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What's the budget you aim for? For example if you charge 7% fees over market price, and you want 2,000 USD dollars monthly to survive and do w/e you want, you would have to sell
(2000*1)/0.07=28,571.43 usd that would be 66.29 bitcoin at current bitstamp rate of 431 USD, that would leave you with 2,000 USD monthly.
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teddy5145
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March 02, 2016, 02:29:51 AM |
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I think i need at least 0.1-0.2 bitcoin/week to make a living. but since the bitcoin price keep going down, i think i will need more bitcoin for living.
I think it is sufficient if you are only single, how about if you are married and if you have a baby? Then you need way more than that , especially you will need baby formula to feed the baby , that formula ain't cheap  For someone who is a full member thats a really really stupid question. How did u even become a full member ?
There's nothing wrong in asking questions, freedom of speech |
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zaph3t
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March 03, 2016, 05:23:41 AM |
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I dont think you can make a living with Bitcoin for now unless you have services running with Bitcoin Payments as an option.
Right now mining Bitcoin is not that profitable and also you will have to spend a lot of money for Higher Hardware miner.
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ramesh770
Member
Offline
Activity: 96
Merit: 13
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March 03, 2016, 06:16:24 AM |
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If i get 100 btc i will convert it to my fiat currency and just settle in my life , because conversion of bitcoin to my county fiat currency is high and that is enough for me to leave my life normal with my family.
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Amph
Legendary
Offline
Activity: 3206
Merit: 1069
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March 03, 2016, 07:09:30 AM |
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If i get 100 btc i will convert it to my fiat currency and just settle in my life , because conversion of bitcoin to my county fiat currency is high and that is enough for me to leave my life normal with my family.
worst decision ever to convert everything, you can convert a tiny portion just for the stuff that you cna not buy with bitcoin with something like all4btc you can buy everythign with bitcoin, so why wasting time converting in fiat? not to mention the possible and very probable increase in the value in the future |
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mettalmag
Legendary
Offline
Activity: 1084
Merit: 1003
≡v≡
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March 03, 2016, 09:10:01 AM |
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for living 1 btc every month in my Country is quite enough. 400 $ = 988 GEL when the average salary is 250-300 GEL
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john2231
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March 03, 2016, 10:03:01 AM |
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for living 1 btc every month in my Country is quite enough. 400 $ = 988 GEL when the average salary is 250-300 GEL
Yeah 1 btc to me is too much to living maybe i can live even 0.7 btc here in my country.. if i can earn much of this 0.7 every month maybe i will quit in my real job and i continue collecting bitcoins.. But for now i only have low earnings every month.. |
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mettalmag
Legendary
Offline
Activity: 1084
Merit: 1003
≡v≡
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March 03, 2016, 10:16:44 AM |
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for living 1 btc every month in my Country is quite enough. 400 $ = 988 GEL when the average salary is 250-300 GEL
Yeah 1 btc to me is too much to living maybe i can live even 0.7 btc here in my country.. if i can earn much of this 0.7 every month maybe i will quit in my real job and i continue collecting bitcoins.. But for now i only have low earnings every month.. 0.7 BTC fair enough and the best for my situation is a free energy and place for about 3-4 antminers and im still thinking in investing maybe to buy 1 or 2 of them. It would do a great job, but I have to take loan if I decide to buy. Still thinking |
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