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Author Topic: Bitcoin as a source of income?  (Read 96168 times)
daringdiscovered
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May 05, 2017, 03:36:26 AM
 #101

Bitcoin as an only source of income is possible if you are unemployed or have some special condition where having a job is impossible for yourself. Earning bitcoin to those people is a big help especially if they want to help to their family and want to earn money for themselves. Even students can earn money while studying because of bitcoin.
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May 05, 2017, 04:26:33 AM
 #102

Today many people rely on bitcoin, in the sense that they are now focusing on the world of cryptocurrency, leaving their jobs


There are people who leave their jobs just to fucos in Cryptocurrency, well they are the one who take this seriously and going full throttle in this community. I think that's not bad because they've sensed something bug and something new here that they never encounter in their lives before and they feel that it is their calling that has to be fulfilled. The downside of this is when they take it seriously and be involved in a big scam. Be cautious in everything online.

Is there something like this, is there any special tips because i want to focus but not yet dare?
What I can say is be updated in the new and in the forums because you will have a knowledge on whats going on in these field. If you have nothing to do with your life then focus in these field. When you are a professional in the real world just do this as a part time job. " Don't test the depts of the water by your two feet " like warren buffet said.
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May 05, 2017, 05:49:49 AM
 #103

It is rather not advisable to leave a job because of bitcoin, earning bitcoins is just an alternative source of income but earnings generated from bitcoin is not much and may/ cannot be used to sustain a family but can be used to offset some minor bills.
Thats true, I think it would be better if you make bitcoin as extra income. Do not take the risk of getting out of your job. And switching to bitcoin will therefore be at risk


Exactly, bitcoin is just an extra income to us, it's just an opportunity to have good money aside from our stable income, do not let go your job because of having bitcoin now, we do not know what will happen tomorrow with bitcoin, if it pump or dump.
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May 05, 2017, 05:57:25 AM
 #104

Today many people rely on bitcoin, in the sense that they are now focusing on the world of cryptocurrency, leaving their jobs

Is there something like this, is there any special tips because i want to focus but not yet dare?

Focusing in the cryptocurrency rather making it a stable job or the main source of income is a good deal but you need a huge capital and you should make your name first or the trust. Because the biggest way to earn in cryptocurrency is making a trading and gambling site so if you could make that successful you can make the bitcoin or cryptocurrency as a full time job.

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May 05, 2017, 06:17:49 AM
 #105

bitcoin is completely volatile in nature... cant say.. we can get rich in a week or vice versa

you don't need to get rich, like you don't get rich when you search for a job, you just need an income that can match your current salary

i don't know why wihth bitcoin people expect to get rich or they refuse to see it as a regular income, instead with regular job they are fine with $1000 a month, you should treat them in the same way

bitcoin can be very remunerative now, just use your brain better and search for the best possibility, hell even a signature campaign that pay 0.035 a week is a very good return for the time invested, that is $200 a month...
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May 05, 2017, 06:26:01 AM
 #106

It is rather not advisable to leave a job because of bitcoin, earning bitcoins is just an alternative source of income but earnings generated from bitcoin is not much and may/ cannot be used to sustain a family but can be used to offset some minor bills.
Thats true, I think it would be better if you make bitcoin as extra income. Do not take the risk of getting out of your job. And switching to bitcoin will therefore be at risk


Exactly, bitcoin is just an extra income to us, it's just an opportunity to have good money aside from our stable income, do not let go your job because of having bitcoin now, we do not know what will happen tomorrow with bitcoin, if it pump or dump.

I agree with you that we don't need to take serious actions like giving up our job just to focus in bitcoin because doing that is like gambling our future for a non predicted thing. There is no assurance that bitcoin will have a great future so it is just good to play safe with bitcoin and do not sacrifice all of our things just because it is good now.
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May 05, 2017, 06:56:43 AM
 #107

Today many people rely on bitcoin, in the sense that they are now focusing on the world of cryptocurrency, leaving their jobs

Is there something like this, is there any special tips because i want to focus but not yet dare?


If you find a sure source of income in the world of and feel to be able to hold it for a long time jump without hesitation. The world of crypto is yet baby and will know only increase of attention and profits. If you are unsure what to do then jump with only half of yourself and the future will convince you to do the rest.
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May 05, 2017, 07:06:55 AM
 #108

for me as a newbie of bitcoin i would not make as bitcoin as a source of income because we don't know when the value of bitcoin going up and down.
It I think recommended for me if bitcoin used as sideline or extra source of income to pay the bill like electricity and water bill.


Well yeah, if you were just earning bitcoins as a part time job then there shouldn't be a problem.

However if you aren't that experienced with bitcoin or you are concerned about bitcoin being too volatile, then sell your bitcoins as soon as you get them. Right now I'd say that earning some bitcoins either from sig campaigns or freelancing is a great idea because of the high bitcoin price right now.

Don't depend on it as a regular source of income.... Just "fun money", for partying etc.

This is not a good advice in my opinion.  First if he is so concerned about bitcoin then the first thing he should do is learn and study it.  Selling your bitcoin as soon as you get it is just a waste of opportunity to earn more from bitcoin.  Just think of people buying Bitcoin, and think why they are buying them.  No one will waste their money just to get Bitcoin and sell them as soon as they get it.  That would  crazy.  And spending it (bitcoin) for fun, well it is your choice, but for me it is a waste too.

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May 05, 2017, 08:17:23 AM
 #109

Yes true, no doubt that the existence of the bitcoin make extra income for me, I'm so glad because of the presence of bitcoin makes all things became easier. long-term investment is the hope I keep a bitcoin.
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May 05, 2017, 08:27:57 AM
 #110

Getting paid in bitcoin for certain activities one of my worries is taxes. Thankfully not a big part of my income comes from bitcoin but what happens if the value of bitcoins I'd received surpasses a certain threshold? This uncertainty makes me a bit uncomfortable when it comes to converting BTC to FIAT. Oh well, another reason to hodl I guess.

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May 05, 2017, 08:32:34 AM
 #111

Bitcoin for me is an additional source of income. Too seriously I do not belong to him, but I do not miss the opportunity to earn money.
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May 05, 2017, 08:41:01 AM
 #112

I wouldn't make bitcoin a main source of my income: it's too unstable and not as easy to spend as fiat. Nevertheless it is a big part of my funds as I store bitcoin for future and sometimes pay online.
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May 05, 2017, 10:14:35 AM
 #113

I would like to find a full time job that pays bitcoins. It would have to be something online though, and most online jobs are notorious for being scams.

If you work for Coinbase, you have the option of being paid in bitcoin.
It is not a matter of earning or earning a major salary from bitcoin. Many people already use bitcoin as the main job. But make sure that you already have a fixed income and job in the bitcoin world.

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May 05, 2017, 10:17:57 AM
 #114

Yes, I am treating bitcoin as others source of income because in coming days it will provide lot benefits for the people who believe in bitcoin. That's why bitcoin is called people currency where no rule, no regulation, no tax etc.
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May 05, 2017, 10:26:12 AM
 #115

Today many people rely on bitcoin, in the sense that they are now focusing on the world of cryptocurrency, leaving their jobs

Is there something like this, is there any special tips because i want to focus but not yet dare?

In my opinion bitcoin is now best of income nowadays especially today because we know that bitcoin is convinient as long as you have internet connection you can transact online anytime and anywhere. Yet, you can use bitcoin as mode of payment anywhere in the word but not in all countries. Furthermore, it is easy to use and it is not controlled by government so it have no tax.



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May 05, 2017, 10:38:10 AM
 #116



If you are good at trading, you really can rely to this new market but it sure require a lot of money too before you can start generating good income. Its best to just set up a bitcoin business and establish it base on trust here to be safe. Altcoin prices doesn't move a lot unless bitcoin price swings more than 10% every day.

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May 05, 2017, 10:41:49 AM
 #117

Yes, I am treating bitcoin as others source of income because in coming days it will provide lot benefits for the people who believe in bitcoin. That's why bitcoin is called people currency where no rule, no regulation, no tax etc.
Right now bitcoin is decentralized and when this goes beyond certain limit, surely the taxation and other regulations will be made in such a manner to keep entire data of bitcoin users. It's a future currency but this is not gonna be a mainstream currency. Right now itself the hard competence is found in earning bitcoin as the opportunity is wide along with legitimacy.

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May 05, 2017, 10:55:33 AM
 #118

If people will leave their current jobs just to focus and work with cryptocurrencies, I think they need to work hard to be a successful person or they can also work as developers or as a trader. This is the best thing to do if they want to make the bitcoin as their source of income.
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May 05, 2017, 11:00:10 AM
 #119

I really wouldn't recommend fully earning all your money in Bitcoin. As a store of value, it is not the best and one day your could have thousands of dollars more value than they day before.

I would recommend getting a normal job and investing a portion of your pay into Bitcoin, using a site like bitwage.

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May 05, 2017, 11:32:04 AM
 #120

Today many people rely on bitcoin, in the sense that they are now focusing on the world of cryptocurrency, leaving their jobs

Is there something like this, is there any special tips because i want to focus but not yet dare?

many people rely on bitcoin because people in many countries are jobless and they work in forum as their jobs and bitcoin is a good source of income for them as they are fulfilling their needs from bitcoin. But i think those people who have their jobs then they work in bitcoin in part-time after their jobs to earn some extra income, i don't think that they will leave their jobs because people are always in search of extra income.

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