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Author Topic: Bitcoin as a source of income?  (Read 96168 times)
Hutalar
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May 04, 2017, 11:09:03 AM
 #61

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

Taking the earning of bitcoin as an extra job is a golden opportunity but if a person can earn more in a time period in bitcoin than his other day job then and he have a good skills in earning with bitcoin then he do not have to waste his time in his day job for low earning as it is sure that the technology of bitcoin will remain til last and the earning will also remain so he have to garb the opportunity and have to earn more in a smaller time period from bitcoin.
The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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UCHCHILD
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May 04, 2017, 11:42:56 AM
 #62

Bitcoin is totally a source of income, extra income to  be exact, things are given to me by bitcoin, it gives me a breath in terms of financial problems.
Some says that they can have just bitcoin alone in their lives, but nah, we do not know if the value of bitcoin will have a stable increasing value, we do not know if those big whales will dump us down, and withdraw their coins and can cause its low value or what we called crashing down of it. We shoould not rely our lives to it.
phr0stbyt3
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May 04, 2017, 11:51:27 AM
 #63

I don't get it why would someone leave their jobs and spend their time on bitcoin. There is nothing there in bitcoin all a person has to do is save money he earns and invest in bitcoin and let it grow. Or you can spend some of your free time in trading then you can earn additional coins.
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May 04, 2017, 12:40:40 PM
 #64

I use internet connection to do bitcoin trading in my spare time. And recently, bitcoin prices soared.
If calculated count, my activity in filling my spare time became one of my income source.
CraigWrightBTC
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May 04, 2017, 12:48:47 PM
 #65

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?

I think stop working and full time in bitcoin is bad ideas because bitcoin is suitable for freelancer
many people get pasive income from bitcoin and related with digital coins,
 trading, open business related bitcoin but if you want really full time in bitcoin,
make sure you have skills on bitcoin (trading, mining and other business with bitcoin).
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May 04, 2017, 01:03:12 PM
 #66

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?


What do you want to do to make bitcoin as your income? if you still have a job i would suggest to stay with your job and earn bitcoin as your side job
bartolo
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May 04, 2017, 01:15:07 PM
 #67

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


I think this is the best advice. You always have to be careful with the stories of people who left everything to throw into an adventure and triumphed because just as there were people who succeeded, there were people who failed and if you have to pay bills and have a family you can´t risk. If you don´t have a job or income then, yes, look for ways to make money with this, but if you already have a job don´t let it unless the alternative is totally safe.
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May 04, 2017, 02:06:58 PM
Last edit: May 04, 2017, 02:17:44 PM by Kemarit
 #68

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


I think this is the best advice. You always have to be careful with the stories of people who left everything to throw into an adventure and triumphed because just as there were people who succeeded, there were people who failed and if you have to pay bills and have a family you can´t risk. If you don´t have a job or income then, yes, look for ways to make money with this, but if you already have a job don´t let it unless the alternative is totally safe.

Of course, why would you move out of job your simply because you are earning bitcoin. You will need a stable job in order to survived your family. Well in my case, I already have put up my offline business before I did get out of my job. It took 3 months of hard thinking on whether I should just focus on my business. I guess I'm lucky that my business was able to sustain my family until I discovered bitcoin which put additional cash flow on top of my earning. So for those who are thinking of having a business, then go for it, you just have to be very careful and you have at least 6 month savings just in case something didn't come as plan.

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lemonade09
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May 04, 2017, 02:15:00 PM
 #69

Bitcoin can be a really good source of income this days we can see the bitcoin price is moving up and if we invested in bitcoin without doing anything we can make money also there are many ways we can do to make bitcoin like mining bitcoin we can invest in mining buy a highend hardware to mine bitcoin can you can earn 2-3bitcoin per month or do gambling,trading,faucet,signature campaign bitcoin really a good source of income.
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May 04, 2017, 02:17:45 PM
 #70

Yes it is a good source of income now days the bitcoin price is really increasing and still going up and many predict that bitcoin price is going to 2000$ and just investing in bitcoin you can earn up to 1000$ just doing nothing or just waiting for the price to go up and also while waiting you can do many ways also to earn bitcoin one of the best ways you can do is bitcoin or cryptocurrency trading.
mlferro
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May 04, 2017, 02:33:18 PM
 #71

The previous messages are great for presented question.
I would just add, try to create a routine where you reconcile your work and bitcoin.

I have a friend who quit working to live bitcoins (this was 4 years ago). He lost almost everything he had (due to the sharp decline in the price bitcoin suffered) and to this day he has not yet regained his estate.

Casabrandy
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May 04, 2017, 02:42:16 PM
 #72

The previous messages are great for presented question.
I would just add, try to create a routine where you reconcile your work and bitcoin.

I have a friend who quit working to live bitcoins (this was 4 years ago). He lost almost everything he had (due to the sharp decline in the price bitcoin suffered) and to this day he has not yet regained his estate.

That's why we should not forget our profession too, not because we earn more in bitcoin we will give up our work, we still need professional growth physically and intellectually. If we can't earn the amount we wanted in our job at we gain the knowledge and professionalism at the same time in earning with bitcoin. So your right we should set our plans and schedule. Make bitcoin as our sideline and a hobby too.

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bamboylee
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May 04, 2017, 04:02:27 PM
 #73

I don't get it why would someone leave their jobs and spend their time on bitcoin. There is nothing there in bitcoin all a person has to do is save money he earns and invest in bitcoin and let it grow. Or you can spend some of your free time in trading then you can earn additional coins.

If you can start a good business using bitcoin, that is a good reason to leave your job. It is way better to be your own boss than an employee. In our country, at the current price of bitcoin, some signature campaign can earn you more money than the minimum pay on a day job.
joshy23
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May 04, 2017, 04:23:41 PM
 #74

I don't get it why would someone leave their jobs and spend their time on bitcoin. There is nothing there in bitcoin all a person has to do is save money he earns and invest in bitcoin and let it grow. Or you can spend some of your free time in trading then you can earn additional coins.

If you can start a good business using bitcoin, that is a good reason to leave your job. It is way better to be your own boss than an employee. In our country, at the current price of bitcoin, some signature campaign can earn you more money than the minimum pay on a day job.

But the question is that signature campaign be sustainable? There are signature campaign that can run for a long time but most signature campaign just last for a weeks. So you can't just rely on signature campaign, you still need a stable job and just used your bitcoin earning just to add a little money on your pocket.
panganib999
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May 04, 2017, 04:32:14 PM
 #75

Yes it does become a source of income but not to the extent that I will stop working. Working is still better because it is a stable source compared to bitcoins which is unpredictable not that reliable source. For me it serves as an additional way to earn money so I can spend them on something I want without touching the money I earned at my work. Unless someone is well informed and equipped with experience on bitcoins then it is possible.
It is sure a great way to earn. But you are actually right, bitcoin is a source of income in the point  we can havevan additional income together to our job. But if you are willing to take the time to invest and to start trading it is not bad. Always remember that dedication to your goals and hard work is the key for true success. You could earned at work while working on signature campaign lr even starding small time trading.
MoneyIsDebt
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May 04, 2017, 05:15:12 PM
 #76

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

i think it will become the full time source of income if you become master in trading and get hold on all the ethics of it. i am doing it from a year and will gave me enough profit everyday which is way better than any regular job for a person like me.
AngelSky
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May 04, 2017, 05:24:52 PM
 #77

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

i think it will become the full time source of income if you become master in trading and get hold on all the ethics of it. i am doing it from a year and will gave me enough profit everyday which is way better than any regular job for a person like me.

That's great, but I am making a passive income only for me. I personally love trading in bitcoin. Simply we can utilize the time and make the profit from that.
After I came to btctalk forum I can able to balance the monthly budget with my campaign earnings.
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May 04, 2017, 05:28:47 PM
 #78

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

i think it will become the full time source of income if you become master in trading and get hold on all the ethics of it. i am doing it from a year and will gave me enough profit everyday which is way better than any regular job for a person like me.

If you are able to work with it making profit on long term, it's a solid source of income and worth to spend time on it. But you need always to be aware that Bitcoin price can change up, but it can change down too. And if the second happens someday, you need to have a plan B to don't lose all your funds. Crypto Currency is an unstable world, we can go from Heaven to the Hell in a short time period.

 
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May 04, 2017, 05:33:40 PM
 #79

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?

My tips to you don't leave your Job if you are a regular worker. Because in bitcoin if you don't know how it works, how to earn, you can't rely on it. Some people rely on it because they have their on way to earn big profits. Do this job as a sideline job, thats my advice. So that if you're not earning here you can rely on your work, then if you earning here in bitcoin, double profit.
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May 04, 2017, 05:38:14 PM
 #80

If you are making enough through mining, like massive mining rigs with good power rates then you can live of that.  Or if you are good at trading and have good capital then you can also go about it that way.
I think do not make bitcoin as the main income and depend on bitcoin if you do not have a fixed income or workforce. Look for a job that's fixed and you have a guaranteed income. I do not think you can make trading the main job

I think so too. Bitcoin is just for fun and if I'm lucky, you can still make a profit. And besides him there are several other coins.
bitcoin just not about fun or lucky man Smiley i feel if you try hard on bitcoin you get it if you just play for fun the result is not maximum Smiley

 
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