Earning a living with bitcoin?

[Amph]

If I am earning a descent amount from bitcoins, then I would think of quitting my job in future, but depends on the value of bitcoins, with present value I simply cannot afford to quit my job.

if you take a look at the real value of bitcoin, you will notice that the real value is the bottom that emerge after the final consolidation

so you can base your earning and your decision of going full bitcoin on that, yes there is not 100% security(not even with your fiat in the bank) but you can be more secure that at that value bitcoin will not be dumped easily

[knowhow]

Thats one thing that scares the most the instability of bitcoin,or any investment nowadays make us regret not be part soon or to havent left before the dumps,one thing is sure that still being people able to get a life from bitcoin arent many but still be possible.

[DimensionZ]

I don't think quitting your job to dive fulltime into Bitcoin is wise. The price may crash any time there is no guarantee that it will keep rising endlessly. You always need to have a backup plan in case of a bad development with your Bitcoin investments.

[randy8777]

I don't think quitting your job to dive fulltime into Bitcoin is wise. The price may crash any time there is no guarantee that it will keep rising endlessly. You always need to have a backup plan in case of a bad development with your Bitcoin investments.

to avoid any volatility you can make a deal where you get paid a certain fiat amount in bitcoin before or after you have completed the job. you can then simply transfer the coins to fiat if you so wish. don't see a real problem here.

[Betwrong]

I don't think quitting your job to dive fulltime into Bitcoin is wise. The price may crash any time there is no guarantee that it will keep rising endlessly. You always need to have a backup plan in case of a bad development with your Bitcoin investments.

Yeah you might always worry about do you have a proper back up plan and then a back up plan on a back up plan and so on. The thing is though you can't take into account everything, you'll always miss something important and thus your plans however wise they might be fail at some point.

If I have the opportunity to earn my living exclusively from Bitcoin I'd fall for it immediately without having any back up plan.

[HostSurf]

I don't think quitting your job to dive fulltime into Bitcoin is wise. The price may crash any time there is no guarantee that it will keep rising endlessly. You always need to have a backup plan in case of a bad development with your Bitcoin investments.

Earning a living with the bitcoin is possible for sure but also has some risk if you ask me due to the point there is a chance the bitcoin will collapse.
I think its good and if you invest a lot of money in the bitcoins you can make a lot of profit for sure, also because of the halvings in the future years of the bitcoins.

[Zacudis]

I don't think quitting your job to dive fulltime into Bitcoin is wise. The price may crash any time there is no guarantee that it will keep rising endlessly. You always need to have a backup plan in case of a bad development with your Bitcoin investments.

Earning a living with the bitcoin is possible for sure but also has some risk if you ask me due to the point there is a chance the bitcoin will collapse.
I think its good and if you invest a lot of money in the bitcoins you can make a lot of profit for sure, also because of the halvings in the future years of the bitcoins.

Yes. There is a possibility that bitcoin will collapse. So we have to work hard and unite the community to develop the bitcoin further.

[cameltoe]

If you can live on a dollar a day it's very possible to "earn a living" with bitcoins through the various service on this forum.

[Rescue Squad]

If you can live on a dollar a day it's very possible to "earn a living" with bitcoins through the various service on this forum.

It absolutely impossible to live on a dollar a day unless you are based in one of the developing countries but still 1 dollar is like the bare minimum and under the poverty line.

[LuckyYOU]

If you can live on a dollar a day it's very possible to "earn a living" with bitcoins through the various service on this forum.

That's right, if the cost of living in where you live is just one dollar a day, then this forum would be a perfect source of income.. but I don't see any country that one dollar is enough..

Its hard to earn a living with Bitcoin. Because you can never know what will happen with the value of Bitcoin and that is a big problem.
Than your life will depend on a currency and that will be bad. One monent you are rich and one moment you are very poor.

[steveds]

If you can live on a dollar a day it's very possible to "earn a living" with bitcoins through the various service on this forum.

I haven't explored most of the African countries but i think the average income there is around 100-150 dollar per month and if you are a good spammer then you could make a living while posting on here and would be an added bonus if you have any other skills to offer.
30$ living is obviously not possible unless you have some nice friends & family.

[bitsmichel]

I don't think quitting your job to dive fulltime into Bitcoin is wise. The price may crash any time there is no guarantee that it will keep rising endlessly. You always need to have a backup plan in case of a bad development with your Bitcoin investments.

Many people who earn bitcoins trade for other currencies. It's possible to live of bitcoin for some people, miners being one of them.

[RealPhotoshoper]

Hello guys,

how many of you are earning for living just with bitcoin based projects? If some of you do, can you contribute what do you do?

living just with bitcoin based projects is possible,i'm sure many people do this,they earn bitcoin daily from signature campaign,gambling,trading,and maybe faucet,of course they can trade it to cash money daily,and use it for daily life,maybe just enough for buy food and coffee.

[knowhow]

The only big problem related to exchange is that isnt easy to keep making always profit,and we need some kind of luck to be part of the altcoin when the pump starts,besides those running some business as casinos and dices looks to be profitable as there are several houses working.

[TastyChillySauce00]

If I am earning a descent amount from bitcoins, then I would think of quitting my job in future, but depends on the value of bitcoins, with present value I simply cannot afford to quit my job.

you should prepare for anything which give serious problem even a nightmare,when the price dumper you should live with your saving in your bank,exchanging all of your fiat to bitcoin is a wrong step,it could either make you poor in a month or rich in a month

[ultimatesky]

Its of course possible but I do not see this happen for the most people this is just a dream that is far away if you ask me.
I think you will need a lot of money to invest in the bitcoin first.

[praprata]

Earning a living with the bitcoins possible for sure but it will take some time of course.
It also depends on how you are investing and how much bitcoins you have because you need a lot of them to do this.

[btccashacc]

If you can live on a dollar a day it's very possible to "earn a living" with bitcoins through the various service on this forum.

That's right, if the cost of living in where you live is just one dollar a day, then this forum would be a perfect source of income.. but I don't see any country that one dollar is enough..

even in 3rd country you can't live if you just earn 1 dollar daily, at least you should making 300 Dollars monthly or 10 dollars daily, and i think you can earn that amount from trading, or offering unique service that related with bitcoin,just saying

[peta4e]

Earning a living with the bitcoins possible for sure but it will take some time of course.
It also depends on how you are investing and how much bitcoins you have because you need a lot of them to do this.

But I don't think that with this value we can afford to earn a living with it, as the price is not too high and it would be even worse if the price drops down, so depending only on bitcoins would be risky, its good if we treat them as passive income.

[nejibens]

Earning a living with the bitcoins possible for sure but it will take some time of course.
It also depends on how you are investing and how much bitcoins you have because you need a lot of them to do this.

I think it also depending on how much is your budget you start with because if you plan to earning living scheme you have to start with big amount