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Author Topic: Earning a living with bitcoin?  (Read 158459 times)
tampazeus
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March 19, 2016, 09:05:12 PM
 #581

I don't think services,mining,signature campaigns and trading are stable incomes. For example 1 month noone will buy your services, the alt coin prices may crash to the ground, the signature campaigns may close shop and the trading may lead to a loss. Stable income is when you receive a fixed pay every month by an employer.

If you offer services and you have a good feedback to other who have tries your services then you will surely get a monthly income.
It really depends on how good you do your job,if you are sloppy then you wont get any monthly income.
It hard to have that of course. But you need to make an good investment and also have to work hard. That is important.
Otherwise it is not possible. But that also depends on the value that Bitcoin have and you never know that what it will be in the future.

Even if the price of bitcoin skyrockets we cannot afford to rely only on bitcoins, as we know that higher price is not permanent and it can fall back down in future.
But I think now is the time of bitcoin and hope that bitcoin will never destroy and will at least to to stability, so it is not a risk to adopt bitcoin to rely on it for our earning a living . The price will definitely increase more in the coming future.

Price will increase for sure but the question is how long it will be on top? It will fall back some day and at that time it will be difficult to earn a living from it.
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March 19, 2016, 10:06:57 PM
 #582

anything is possible, so yes. bitcoin is a digital currency. We can earn it online, we can spend it online, even we can convert it to fiat money online. I am earning a living with bitcoin and I am from a country where bitcoin is still a mystery.

How do you earn a living? is it really sufficient?
No. How can it be? The price is not set, so the amount you make at any given time is not the same. So you can not rely on that.
One week you can be making $100 the next $80. Your bills not change, so you can not set a limit of how much you can make.

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March 19, 2016, 10:10:49 PM
 #583

anything is possible, so yes. bitcoin is a digital currency. We can earn it online, we can spend it online, even we can convert it to fiat money online. I am earning a living with bitcoin and I am from a country where bitcoin is still a mystery.

How do you earn a living? is it really sufficient?
No. How can it be? The price is not set, so the amount you make at any given time is not the same. So you can not rely on that.
One week you can be making $100 the next $80. Your bills not change, so you can not set a limit of how much you can make.

You could be paid bitcoin based on an amount of dollars with the exchange rate at that time.
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March 19, 2016, 10:33:54 PM
 #584

anything is possible, so yes. bitcoin is a digital currency. We can earn it online, we can spend it online, even we can convert it to fiat money online. I am earning a living with bitcoin and I am from a country where bitcoin is still a mystery.

How do you earn a living? is it really sufficient?
No. How can it be? The price is not set, so the amount you make at any given time is not the same. So you can not rely on that.
One week you can be making $100 the next $80. Your bills not change, so you can not set a limit of how much you can make.

I guess it's far easier for people living in asian countries to make a good living with bitcoin. Since they can pay their rent with 1 bitcoin.
For the EU or US you can hardy buy all your groceries with bitcoin. If i would have the chance i would do it btw.

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March 19, 2016, 11:06:40 PM
 #585

anything is possible, so yes. bitcoin is a digital currency. We can earn it online, we can spend it online, even we can convert it to fiat money online. I am earning a living with bitcoin and I am from a country where bitcoin is still a mystery.

How do you earn a living? is it really sufficient?
No. How can it be? The price is not set, so the amount you make at any given time is not the same. So you can not rely on that.
One week you can be making $100 the next $80. Your bills not change, so you can not set a limit of how much you can make.

I guess it's far easier for people living in asian countries to make a good living with bitcoin. Since they can pay their rent with 1 bitcoin.
For the EU or US you can hardy buy all your groceries with bitcoin. If i would have the chance i would do it btw.
Hotels are 0.03 bitcoin a day in some asian coutries, you could live as a tourist there with 1 bitcoin. Its possible to live of bitcoin, it depends how much bitcoin you get, lifestyle and location.

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March 19, 2016, 11:22:54 PM
 #586

anything is possible, so yes. bitcoin is a digital currency. We can earn it online, we can spend it online, even we can convert it to fiat money online. I am earning a living with bitcoin and I am from a country where bitcoin is still a mystery.

How do you earn a living? is it really sufficient?
No. How can it be? The price is not set, so the amount you make at any given time is not the same. So you can not rely on that.
One week you can be making $100 the next $80. Your bills not change, so you can not set a limit of how much you can make.

I guess it's far easier for people living in asian countries to make a good living with bitcoin. Since they can pay their rent with 1 bitcoin.
For the EU or US you can hardy buy all your groceries with bitcoin. If i would have the chance i would do it btw.
Hotels are 0.03 bitcoin a day in some asian coutries, you could live as a tourist there with 1 bitcoin. Its possible to live of bitcoin, it depends how much bitcoin you get, lifestyle and location.


Yeah I'm agree with your statement that living bitcoin in asian is easy and much enough earnings if Asian people who get one bitcoin during a month.  But to rent a hotel with 0.03 will get a standart room not not exclusive five star hotel. But in my opinion with that 0.03 BTC was get nice room and proper room to occupy for a while.

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March 19, 2016, 11:26:30 PM
 #587

anything is possible, so yes. bitcoin is a digital currency. We can earn it online, we can spend it online, even we can convert it to fiat money online. I am earning a living with bitcoin and I am from a country where bitcoin is still a mystery.

How do you earn a living? is it really sufficient?
No. How can it be? The price is not set, so the amount you make at any given time is not the same. So you can not rely on that.
One week you can be making $100 the next $80. Your bills not change, so you can not set a limit of how much you can make.

I guess it's far easier for people living in asian countries to make a good living with bitcoin. Since they can pay their rent with 1 bitcoin.
For the EU or US you can hardy buy all your groceries with bitcoin. If i would have the chance i would do it btw.
Hotels are 0.03 bitcoin a day in some asian coutries, you could live as a tourist there with 1 bitcoin. Its possible to live of bitcoin, it depends how much bitcoin you get, lifestyle and location.


Yeah I'm agree with your statement that living bitcoin in asian is easy and much enough earnings if Asian people who get one bitcoin during a month.  But to rent a hotel with 0.03 will get a standart room not not exclusive five star hotel. But in my opinion with that 0.03 BTC was get nice room and proper room to occupy for a while.

I am an Asian and what you are saying is completely false, it is not at all possible to live with the income of 1 btc, just check the inflation rate and you will get the exact idea.
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March 20, 2016, 02:06:57 PM
 #588

There are more offers to make Bitcoin than you thought. If you have good skills or if your are applying for altcoin bounties (which your can exchange for Bitcoin) then there are a lot of opportunities to receive Bitcoin.

If we had more serious jobs with Bitcoin i could make a living with Bitcoin, but the only money that I have been able to get "for a job" is due signature campaigns, so no, I couldn't make a living on Bitcoin alone so I have to keep working on my regular job for fiat then get the Bitcoin.
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March 20, 2016, 02:13:26 PM
 #589

Well, it depends from which country/region in Asia you are coming. In Japan, Taiwan, South Korea and some regions in China, it is hard to live with 1 Bitcoin. In other countries (India, South-East-Asia) it is much easier to make a good living by earning Bitcoin.

anything is possible, so yes. bitcoin is a digital currency. We can earn it online, we can spend it online, even we can convert it to fiat money online. I am earning a living with bitcoin and I am from a country where bitcoin is still a mystery.

How do you earn a living? is it really sufficient?
No. How can it be? The price is not set, so the amount you make at any given time is not the same. So you can not rely on that.
One week you can be making $100 the next $80. Your bills not change, so you can not set a limit of how much you can make.

I guess it's far easier for people living in asian countries to make a good living with bitcoin. Since they can pay their rent with 1 bitcoin.
For the EU or US you can hardy buy all your groceries with bitcoin. If i would have the chance i would do it btw.
Hotels are 0.03 bitcoin a day in some asian coutries, you could live as a tourist there with 1 bitcoin. Its possible to live of bitcoin, it depends how much bitcoin you get, lifestyle and location.


Yeah I'm agree with your statement that living bitcoin in asian is easy and much enough earnings if Asian people who get one bitcoin during a month.  But to rent a hotel with 0.03 will get a standart room not not exclusive five star hotel. But in my opinion with that 0.03 BTC was get nice room and proper room to occupy for a while.

I am an Asian and what you are saying is completely false, it is not at all possible to live with the income of 1 btc, just check the inflation rate and you will get the exact idea.
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March 20, 2016, 02:17:35 PM
 #590

There are more offers to make Bitcoin than you thought. If you have good skills or if your are applying for altcoin bounties (which your can exchange for Bitcoin) then there are a lot of opportunities to receive Bitcoin.

If we had more serious jobs with Bitcoin i could make a living with Bitcoin, but the only money that I have been able to get "for a job" is due signature campaigns, so no, I couldn't make a living on Bitcoin alone so I have to keep working on my regular job for fiat then get the Bitcoin.


I'm not using bitcoin mainly but I saw some doing so, Allot of the running casinos have full-term staff and probably are working full-term with bitcoins, also exchanges and large sized projects are full time.
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March 20, 2016, 02:23:15 PM
 #591

This is definitely possible with a good strategy. And I mean not gambling / HYIPs etc, earning a real profit could be done by trading virtual currencies.

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March 20, 2016, 04:42:42 PM
 #592

For me not possible at a moment with current price, if the price is affordable in future then I can think of getting into bitcoin as a full timer but not before that.
RoommateAgreement
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March 20, 2016, 05:02:56 PM
 #593

For me not possible at a moment with current price, if the price is affordable in future then I can think of getting into bitcoin as a full timer but not before that.

what does the bitcoin price have to do with anything?
you work and get paid (for example) $10 = and if the price goes up you will get $10 but this time less bitcoin (like 0.02 BTC) and in both cases you can afford the same goods with $10 worth of bitcoin.

Buying the dip...
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March 20, 2016, 05:04:40 PM
 #594

For me not possible at a moment with current price, if the price is affordable in future then I can think of getting into bitcoin as a full timer but not before that.

what does the bitcoin price have to do with anything?
you work and get paid (for example) $10 = and if the price goes up you will get $10 but this time less bitcoin (like 0.02 BTC) and in both cases you can afford the same goods with $10 worth of bitcoin.

I think he is trying to say when bitcoin is worth more, doing bitcoin based jobs will earn more
RoommateAgreement
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March 20, 2016, 05:11:35 PM
 #595

For me not possible at a moment with current price, if the price is affordable in future then I can think of getting into bitcoin as a full timer but not before that.

what does the bitcoin price have to do with anything?
you work and get paid (for example) $10 = and if the price goes up you will get $10 but this time less bitcoin (like 0.02 BTC) and in both cases you can afford the same goods with $10 worth of bitcoin.

I think he is trying to say when bitcoin is worth more, doing bitcoin based jobs will earn more

you didn't understand my reply then. let me put it this way.

lets say you are earning bitcoin through selling something that is worth $10 (like a domain name) right now when bitcoin price is ~$410 you sell it for 0.0242BTC

if bitcoin price goes down to $100 you have to sell it for sell it for 0.1BTC

if bitcoin price goes up to $1,000 you have to sell it for 0.001BTC

first of all you are earning less bitcoin not more, second in all three cases you are earning same amount in USD

Buying the dip...
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March 20, 2016, 05:17:44 PM
 #596

with small investments, getting small earnings but the excitement of all this "bitcoin" stuff is immense!
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March 20, 2016, 05:38:44 PM
 #597

with small investments, getting small earnings but the excitement of all this "bitcoin" stuff is immense!

course possible but will need to invest a lot of bitcoins to do this, so it would be very difficult to really do this.
I think if do it, should make job from it and do nothing else than holding and trading, investing to gain bitcoins and earn a living from it..
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March 20, 2016, 05:43:00 PM
 #598

For me not possible at a moment with current price, if the price is affordable in future then I can think of getting into bitcoin as a full timer but not before that.
What price is comfortable for you to go full time on bitcoin? Price is good now if you can mining or gambling(not stable). Just want to know

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March 20, 2016, 05:50:50 PM
 #599

For me not possible at a moment with current price, if the price is affordable in future then I can think of getting into bitcoin as a full timer but not before that.

what does the bitcoin price have to do with anything?
you work and get paid (for example) $10 = and if the price goes up you will get $10 but this time less bitcoin (like 0.02 BTC) and in both cases you can afford the same goods with $10 worth of bitcoin.

I think he is trying to say when bitcoin is worth more, doing bitcoin based jobs will earn more

But in reality when Bitcoin is worth more the company you are working for usually lowers the pay in Bitcoin. This happened to me when Bitcoin went from $280 to $440 suddenly and I fully understand the company, they couldn't afford to pay more in USD for the same job.

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Yakamoto
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March 20, 2016, 05:56:52 PM
 #600

For me not possible at a moment with current price, if the price is affordable in future then I can think of getting into bitcoin as a full timer but not before that.

what does the bitcoin price have to do with anything?
you work and get paid (for example) $10 = and if the price goes up you will get $10 but this time less bitcoin (like 0.02 BTC) and in both cases you can afford the same goods with $10 worth of bitcoin.

I think he is trying to say when bitcoin is worth more, doing bitcoin based jobs will earn more

But in reality when Bitcoin is worth more the company you are working for usually lowers the pay in Bitcoin. This happened to me when Bitcoin went from $280 to $440 suddenly and I fully understand the company, they couldn't afford to pay more in USD for the same job.
This is one of the primary concepts in economics that has to be understood, your pay won't stay the same if there is an upswing in the value of the currency. A company can't afford to pay you the same if people pay less for their product due to a higher currency value.

The good news is, however, typically your purchasing power will remain the same.
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