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Author Topic: Earning a living with bitcoin?  (Read 158463 times)
greBit
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September 19, 2016, 08:56:48 AM
 #2681

I'm not yet on that level but, day by day, I'm coming closer to this long term goal.
Part of my BTC funds I will invest in my own online business and hopefully this will speed up whole process Smiley
I'm still optimist and believe that very soon I will be able to get rid from my regular job and that earnings from BTC will replace my regular salary 100 % and even more.
I always try to get bitcoin every day. I always learn a variety of methods to get bitcoin so that someday I can live in bitcoin. only one problem. bitcoin has not been so accepted

Don't think of acceptance part at a moment, that will be done in future, try to get as many as you can as it won't be easy in future to collect bitcoins when price will go higher.

It does not need to be abrupt, as long as we are saving continuously we will reach the time that we can accumulate a great number of bitcoins.
WE never know that the moment we cash out in the future the value of bitcoin will substantially increase, great investment then.

That is true that price will go higher in future but the question is can we afford to earn a living at this stage and I don't think its possible at a moment as price is not too high and even the earnings are low.
johny1976 (OP)
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September 20, 2016, 01:26:59 PM
 #2682

I believe it's more interesting to earn money in bitcoin wild west space than in normal saturated internet...
tampazeus
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September 20, 2016, 01:35:15 PM
 #2683

You can earn a living with it if you have a good capital to invest in trading as with higher capital your profits will be even higher which can give you good and comfortable life.
Noctis Connor
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September 20, 2016, 01:50:47 PM
 #2684

Well, earning a living with Bitcoin is actually possible, but living with a job seems to be the best option. At least Bitcoin can be, at the time, considered as a secondary source, being able to make the life more comfortable.
It is possible to earning a living with bitcoin why? because if your bitcoin is more than what you get on your salary then you say that you can fullytime with bitcoin because it gives you more money than your official job where you don't need to overtime and take some bad hoobbits
chaosknight
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September 20, 2016, 01:54:21 PM
 #2685

Well, earning a living with Bitcoin is actually possible, but living with a job seems to be the best option. At least Bitcoin can be, at the time, considered as a secondary source, being able to make the life more comfortable.
It is possible to earning a living with bitcoin why? because if your bitcoin is more than what you get on your salary then you say that you can fullytime with bitcoin because it gives you more money than your official job where you don't need to overtime and take some bad hoobbits

Not everyone will prefer to go full time on bitcoins especially those who are earning higher salary from their full time job and the price of bitcoin is an important factor to decide.
daringdiscovered
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September 20, 2016, 02:02:39 PM
 #2686

You can earn a living with it if you have a good capital to invest in trading as with higher capital your profits will be even higher which can give you good and comfortable life.

Yeah, but to be a good trader also need some skills to do it. Even if you have a big capital but you have no skills then you will end loser one day. But if you have both skills and a big capital trading then you can earn bitcoin for a living.
goinmerry
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September 20, 2016, 02:30:42 PM
 #2687

You can earn a living with it if you have a good capital to invest in trading as with higher capital your profits will be even higher which can give you good and comfortable life.

It seems to be a problem to some of us. They start knowing bitcoin as a means of profit through freebies or some kind of work. Changing that wont be easy, they should think about a bigger profit and not stay with just one which could get them some money. Someone should also open up some ways in gaining more with a capital.
HilbillyFred
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September 20, 2016, 02:37:36 PM
 #2688

Earning a living with bitcoin can be quite difficult I'm guessing cause I don't know how you would make enough money full time from bitcoin.
Maybe if you have a company operating trough bitcoin funds it would be possible or if you are a freelancer.
btclaw
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September 20, 2016, 02:39:38 PM
 #2689

I used to make some good money back before mining become so difficult. With the network the way it is now, its nearly impossible.
extrabyte
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September 20, 2016, 02:42:37 PM
 #2690

I used to make some good money back before mining become so difficult. With the network the way it is now, its nearly impossible.
yes. mining with the old system is pretty much impossible nowadays. but you can do altcoin mining with low mining equipment.. and altcoin mining is now very profitable too.
so if you have those systems try to mine altcoin, you'll get good profit.
dothebeats
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September 20, 2016, 02:42:41 PM
 #2691

You can earn a living with it if you have a good capital to invest in trading as with higher capital your profits will be even higher which can give you good and comfortable life.

It could be like that, though living solely off of bitcoins doesn't mean that you can only do trading for your source of income; I'd rather take the path of sports betting over trading any day but again, this is just my preferences and this is the thing that I believe will give me good profits and help me live with only bitcoins at my side.

Also, since there are certain things that can't be paid by bitcoin (rent, groceries etc.) you still need to trade your bitcoins for fiat every now and then.
umaOuma
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September 20, 2016, 02:50:34 PM
 #2692

You can earn a living with it if you have a good capital to invest in trading as with higher capital your profits will be even higher which can give you good and comfortable life.

It could be like that, though living solely off of bitcoins doesn't mean that you can only do trading for your source of income; I'd rather take the path of sports betting over trading any day but again, this is just my preferences and this is the thing that I believe will give me good profits and help me live with only bitcoins at my side.

Also, since there are certain things that can't be paid by bitcoin (rent, groceries etc.) you still need to trade your bitcoins for fiat every now and then.

Different people have different choices of making an investments if one is comfortable with trading then he will go for trading and those who are active gamblers will never choose trading as they want quick results.
btclaw
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September 20, 2016, 02:51:51 PM
 #2693

What alt coin would you suggest mining right now? I can't seem to see a clear winner here. I guess its more or less a gamble.
bamboylee
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September 20, 2016, 03:08:12 PM
 #2694

Doing full time with bitcoin bring more money that working in a day job if you are just receiving a small fee, and I would say with working online there are many opportunities to earn and you can grow as a person because you have no boss here and no politics and your earnings will only depend on yourself and not other people.

It still depends on what kind of skills you possess. Traders and developers can have more projects online because they can do multiple projects at a time. But those people with skills only suitable for offices will have a hard time working online or in bitcoin.
gerXhonza
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September 20, 2016, 03:10:55 PM
 #2695

Doing full time with bitcoin bring more money that working in a day job if you are just receiving a small fee, and I would say with working online there are many opportunities to earn and you can grow as a person because you have no boss here and no politics and your earnings will only depend on yourself and not other people.

It still depends on what kind of skills you possess. Traders and developers can have more projects online because they can do multiple projects at a time. But those people with skills only suitable for offices will have a hard time working online or in bitcoin.

That's true, multiple skills will give you multiple and higher income, but if you are depending only on signature campaign for living that it will never work for you and you cannot expect a living from it.
ethereumhunter
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September 20, 2016, 05:32:52 PM
 #2696

I used to make some good money back before mining become so difficult. With the network the way it is now, its nearly impossible.
yes. mining with the old system is pretty much impossible nowadays. but you can do altcoin mining with low mining equipment.. and altcoin mining is now very profitable too.
so if you have those systems try to mine altcoin, you'll get good profit.

nowadays, for mining altcoin i think its a good idea while we can get good profit like extrabyte said because the rate of altcoin is really good at this point and we can get more profit too.

there are many altcoin which have low difficulties to mining and i am sure if you have small until middle equipment, you should have a good profit when you sell it into bitcoin. maybe you can try to mining emc2, ltbc, flo, or else.

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JessicaSe
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September 20, 2016, 05:35:04 PM
 #2697

Bitcoin is an extra  income from me and I don't have many ways to earn it, its taking care of my basic stuffs and I am satisfied with it, so not expecting a living from it not now and not even in future.
Ryan Dugan
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September 20, 2016, 05:42:23 PM
 #2698

I am paid bitcoin when I work online. It is my first option and I really prefer it as an escrow can't be recharged like PayPal and others. I'm sure most of us here will agree life is much easier with bitcoin around.

hakanbalta577
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September 20, 2016, 05:43:33 PM
 #2699

Bitcoin is an extra  income from me and I don't have many ways to earn it, its taking care of my basic stuffs and I am satisfied with it, so not expecting a living from it not now and not even in future.
Its the same for me as well,bitcoin only acts as an extra income for me and right now i am no way near to be able to make living only with bitcoin earnings.I think only those you are owning some good dice sites or casinos are earning a living with it or some big investors otherwise its not easy to earn whole living with bitcoins only.
greBit
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September 20, 2016, 05:45:59 PM
 #2700

Bitcoin is an extra  income from me and I don't have many ways to earn it, its taking care of my basic stuffs and I am satisfied with it, so not expecting a living from it not now and not even in future.
Its the same for me as well,bitcoin only acts as an extra income for me and right now i am no way near to be able to make living only with bitcoin earnings.I think only those you are owning some good dice sites or casinos are earning a living with it or some big investors otherwise its not easy to earn whole living with bitcoins only.

Yup if you are earning from signature campaign and by selling services then you can never expect a living with it, as the jobs related to services are limited and there is lot of competition, so you cannot be sure that you will always get an opportunity to offer services.
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