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Author Topic: Earning a living with bitcoin?  (Read 158459 times)
RobinHoodster
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May 12, 2016, 11:16:42 AM
 #1261

Earning a living with Bitcoin is possible but that means that you will have to invest allot of money into it to earn much money back. So for the people who do not have much money to spend it is not possible at this moment.
Remember that Bitcoin is still beta software. Don't put all of your money into BTC!
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May 12, 2016, 01:38:34 PM
 #1262

As of now, No. I consider my income in bitcoin as an extra income as i have my main source for a living and may bitcoin income is quite enough to sustain my daily expenditures.Hoping to increase my bitcoin income in the future.

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May 12, 2016, 02:02:15 PM
 #1263

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Here's a tip. Never accept a job with a payrate denominated in bitcoin. It's lovely when the price goes up, but when the price goes down (as it so often does) you may find the bills getting tight for seemingly no reason  Grin

That's a pretty good advice. Imagine one day you were paid in BTC and the next day when you are about to use your earnings, the price suddenly drops by 20%. That would totally suck.
The bad thing is that you dont know what is going to happen with Bitcoin so that would be risky so just have Bitcoin as a bonus or something.
And have just a daily job that will be safe so you will always have earning and sell when Bitcoin has a really high value.
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May 12, 2016, 02:21:01 PM
 #1264

Earning a living with Bitcoin is possible but that means that you will have to invest allot of money into it to earn much money back. So for the people who do not have much money to spend it is not possible at this moment.

I disagree. It depends on how much do you need for living. In the beginning of 90s 10$ per month was enough for one person to live in Ukraine. It's not like this here anymore but I'm pretty sure there are some countries where situation is close to what was in Ukraine 25  years ago. But even if you need more, say $70 per month, it's possible to make this amount with a good sig campaign.

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May 12, 2016, 02:30:23 PM
 #1265

Earning a living with Bitcoin is possible but that means that you will have to invest allot of money into it to earn much money back. So for the people who do not have much money to spend it is not possible at this moment.

I disagree. It depends on how much do you need for living. In the beginning of 90s 10$ per month was enough for one person to live in Ukraine. It's not like this here anymore but I'm pretty sure there are some countries where situation is close to what was in Ukraine 25  years ago. But even if you need more, say $70 per month, it's possible to make this amount with a good sig campaign.

I also do not agree, if must have a lot of money. because I myself from beginning can get free bitcoin. so you can grow these results, without having to shell out a lot to investment in it.
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May 12, 2016, 02:40:32 PM
 #1266

Earning a living with Bitcoin is possible but that means that you will have to invest allot of money into it to earn much money back. So for the people who do not have much money to spend it is not possible at this moment.
nope I think you can still get a lot for free bitcoin. there are many ways that you can use to get bitcoin. without requiring a large capital dude. so living in bitcoin is likely to occur Cheesy

AsaroUk
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May 12, 2016, 02:53:39 PM
 #1267

Earning a living with Bitcoin is possible but that means that you will have to invest allot of money into it to earn much money back. So for the people who do not have much money to spend it is not possible at this moment.
Yeah it is definitely possible but as you sad at the moment only for people who have the money to invest in to it. If you cannot invest much money into it you cannot expect to get much money back.
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May 12, 2016, 03:06:56 PM
 #1268

Earning a living with Bitcoin is possible but that means that you will have to invest allot of money into it to earn much money back. So for the people who do not have much money to spend it is not possible at this moment.
Yeah it is definitely possible but as you sad at the moment only for people who have the money to invest in to it. If you cannot invest much money into it you cannot expect to get much money back.

But I think it will be really risky if a person invest all his money in bitcoin and if the price falls in future he might loose all his money, its better to earn it as an additional income.
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May 12, 2016, 04:01:55 PM
 #1269

i think best for those who are jobless. they can use it for earning  a living. but those who have their permanent job they cannot take the risk. but i think later or sooner people will choose bitcoin as for earning a living

I think now many are able to living from trading bitcoin because it is much easier than forex and I've proved it. to choose bitcoin as for earning a living, i believe not all people would agree especially if they have basic job.

The primary goal is to earn good amount of stable money on regular basis, either from job or bitcoin, and if you are successfully doing it then you should continue with bitcoin.

But make a living with bitcoin sometimes easy and sometimes it is very difficult. Maybe living bitcoin as living will more good if that one living in country who had the own currency lower on dollars.
But it is can not be stable because the price of bitcoin always have fluctuations.

Price fluctuation is a big problem in getting full time on bitcoin, as you never know what amount you will be earning on regular basis, sometimes you will earn more and  sometimes less depending on the price of bitcoin.

yes bitcoin prices also sometimes determine our income. especially if you rely on signature campaign. when the price of bitcoin down, you will not get a high result.

Yeah and we are also not sure how long signature campaign will survive, there are chances that it might get disappeared in future and that will be really disappointing for all  of us.

during bitcoin survive long time, I believe this forum will last, so that I hope will be many new signature campaign.

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co5hike
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May 12, 2016, 05:10:46 PM
 #1270

i think best for those who are jobless. they can use it for earning  a living. but those who have their permanent job they cannot take the risk. but i think later or sooner people will choose bitcoin as for earning a living

I think now many are able to living from trading bitcoin because it is much easier than forex and I've proved it. to choose bitcoin as for earning a living, i believe not all people would agree especially if they have basic job.

The primary goal is to earn good amount of stable money on regular basis, either from job or bitcoin, and if you are successfully doing it then you should continue with bitcoin.

But make a living with bitcoin sometimes easy and sometimes it is very difficult. Maybe living bitcoin as living will more good if that one living in country who had the own currency lower on dollars.
But it is can not be stable because the price of bitcoin always have fluctuations.

Price fluctuation is a big problem in getting full time on bitcoin, as you never know what amount you will be earning on regular basis, sometimes you will earn more and  sometimes less depending on the price of bitcoin.

yes bitcoin prices also sometimes determine our income. especially if you rely on signature campaign. when the price of bitcoin down, you will not get a high result.

Yeah and we are also not sure how long signature campaign will survive, there are chances that it might get disappeared in future and that will be really disappointing for all  of us.

during bitcoin survive long time, I believe this forum will last, so that I hope will be many new signature campaign.

No doubt there would be many campaigns in future but they should also pay descent amount of bitcoin, then only it will attract users to participate in it.
Yakamoto
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May 12, 2016, 05:16:11 PM
 #1271

i think best for those who are jobless. they can use it for earning  a living. but those who have their permanent job they cannot take the risk. but i think later or sooner people will choose bitcoin as for earning a living

I think now many are able to living from trading bitcoin because it is much easier than forex and I've proved it. to choose bitcoin as for earning a living, i believe not all people would agree especially if they have basic job.

The primary goal is to earn good amount of stable money on regular basis, either from job or bitcoin, and if you are successfully doing it then you should continue with bitcoin.

But make a living with bitcoin sometimes easy and sometimes it is very difficult. Maybe living bitcoin as living will more good if that one living in country who had the own currency lower on dollars.
But it is can not be stable because the price of bitcoin always have fluctuations.

Price fluctuation is a big problem in getting full time on bitcoin, as you never know what amount you will be earning on regular basis, sometimes you will earn more and  sometimes less depending on the price of bitcoin.

yes bitcoin prices also sometimes determine our income. especially if you rely on signature campaign. when the price of bitcoin down, you will not get a high result.

Yeah and we are also not sure how long signature campaign will survive, there are chances that it might get disappeared in future and that will be really disappointing for all  of us.

during bitcoin survive long time, I believe this forum will last, so that I hope will be many new signature campaign.

No doubt there would be many campaigns in future but they should also pay descent amount of bitcoin, then only it will attract users to participate in it.
Campaigns aren't paying you so that you can live, for them you are living advertising. If you stop posting, they'll free up the position for someone else who will have the time and ability to post, and forget about you. I hate to be pessimistic, but that's how it all works.

Campaigns are not interested in making you interested in bitcoin, you have to do that yourself. If you make or buy a valuable account, then good for you, that is what you'll need. Campaigns will exist for the people who take initiative, not interest you that way.
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May 12, 2016, 05:26:45 PM
 #1272

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Here's a tip. Never accept a job with a payrate denominated in bitcoin. It's lovely when the price goes up, but when the price goes down (as it so often does) you may find the bills getting tight for seemingly no reason  Grin

That's a pretty good advice. Imagine one day you were paid in BTC and the next day when you are about to use your earnings, the price suddenly drops by 20%. That would totally suck.

Actually, you can make more money when the price is falling... learn how to trade and you will profit from both pumps and dumps.
It's not hard to learn, but takes time to mastery.
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May 12, 2016, 05:32:01 PM
 #1273

Or you can join www.steemit.com and participate in the Reddit that actually pays you for posting and curating content Smiley
Xenophoto
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May 13, 2016, 03:39:41 AM
 #1274

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Here's a tip. Never accept a job with a payrate denominated in bitcoin. It's lovely when the price goes up, but when the price goes down (as it so often does) you may find the bills getting tight for seemingly no reason  Grin

That's a pretty good advice. Imagine one day you were paid in BTC and the next day when you are about to use your earnings, the price suddenly drops by 20%. That would totally suck.

Actually, you can make more money when the price is falling... learn how to trade and you will profit from both pumps and dumps.
It's not hard to learn, but takes time to mastery.

Even if the price drops 20% of it (which is very very unlikely right now) the next day, then wait a little long and the price will eventually go back to normal. But if you're so bothered that the price will reduce by 20% the next day, then right after receiving your BTC, exchange it. It's not that wise though because you can actually play with the pumps and dumps of bitcoin in order to earn money.

As of now, No. I consider my income in bitcoin as an extra income as i have my main source for a living and may bitcoin income is quite enough to sustain my daily expenditures.Hoping to increase my bitcoin income in the future.

Well that's so nice. All the income that you get from your main source of income will all go to your savings account because according to you, your income in bitcoin is enough to sustain your daily needs. If that's so, then you're an example that it is possible to earn a living with bitcoin while having a different primary source of income. Though Bitcoin alone may be able to sustain your daily expenditures, it's better if you don't just rely on that income because sooner or later, there will be large expenditures coming.

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May 13, 2016, 04:34:17 AM
 #1275

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Here's a tip. Never accept a job with a payrate denominated in bitcoin. It's lovely when the price goes up, but when the price goes down (as it so often does) you may find the bills getting tight for seemingly no reason  Grin

That's a pretty good advice. Imagine one day you were paid in BTC and the next day when you are about to use your earnings, the price suddenly drops by 20%. That would totally suck.

Actually, you can make more money when the price is falling... learn how to trade and you will profit from both pumps and dumps.
It's not hard to learn, but takes time to mastery.
It cuts both ways, if you ask me. If you are on the wrong side of the trade, meaning you bought at a price when it was high (thinking it would go higher)  and then it suddenly starts to fall down. It's unwise to catch falling swords, so better set stop losses and wait for another good entry based and have a planned exit strategy as well.
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May 13, 2016, 06:24:05 AM
 #1276

Or you can join www.steemit.com and participate in the Reddit that actually pays you for posting and curating content Smiley
yeah it could be an alternative to a job other than the signature campaign in this forum. maybe you can get a lot of knowledge and the big advantage of the post in a forum

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May 13, 2016, 06:59:24 AM
 #1277

I earn very little, I just started. So for me, it is that small earnings in addition to the main job. I prefer to be paid in the usual cash, with a stable exchange rate. Bitcoin is a sharp jumps of the course, it is attractive for traders. But as salary is 50/50, because now the price of one, tomorrow another.
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May 13, 2016, 09:07:03 AM
 #1278

Earning a living with bitcoin has got higher possibility. The reason is that bitcoin gives low earning but several methods of earning method is available. If the user involve in most of the earning method then sufficient amount for an living can be earned.
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May 13, 2016, 09:20:26 AM
 #1279

I earn very little, I just started. So for me, it is that small earnings in addition to the main job. I prefer to be paid in the usual cash, with a stable exchange rate. Bitcoin is a sharp jumps of the course, it is attractive for traders. But as salary is 50/50, because now the price of one, tomorrow another.
Most of us here started with small earnings. When I was just a newb, I only got sats from faucets. I slowly started ranking up and with quality posts, I was able to land a gig at signature campaigns. Now that I'm earning a little to add to my income from my day job, I'm having additional funds to buy BTC. Currently waiting for the price to touch $445 before I buy more.
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May 13, 2016, 09:31:53 AM
 #1280

Earning a living with bitcoin has got higher possibility. The reason is that bitcoin gives low earning but several methods of earning method is available. If the user involve in most of the earning method then sufficient amount for an living can be earned.

There are many methods to earn a bitcoin at a moment, but the fact is the price will play a key role here, as price is not too high now, and if it falls in future then it can be unaffordable.
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