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Author Topic: Bitcoin as a source of income?  (Read 96168 times)
DoublerHunter
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July 07, 2017, 10:22:38 AM
 #1521

I saw my fellow filipinos getting lives better with BTC. Thats why I joined here too, Its a best source of income to add your existing. Specially knowing that the BTC's price goes higher and higher. It may became your main source.. or you can even quit your job Cheesy but for now not suggesting that. Just keep them balance.  Wink
Quitting your job for the sake of bitcoin is not a good idea because bitcoin is still risky for these days because the price of bitcoin is not yet stabe and the market has no stability also so we can expect fast price changes. Bitcoin can be really a major source of income but it is not enough for us to quit the current sources of income that we currently have.
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July 07, 2017, 10:36:25 AM
 #1522

It is true that bitcoin is a source of income for someone not to focus on working in the real world because the result of bitcoin is fantastic if someone works out bitcoin then it depends on ourselves whether bitcoin for additional income source or for us to Focus as a new job In bitcoin world , But for me bitcoin is just an extra source of my income in doing bitcoin.
Yeah arguably earning in bitcoin exceeds my income in my day job lol. But I will not take the risk of getting out of my day job and then working full time in bitcoin. I think it's very risky. So currently I still use bitcoin for extra income only
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July 07, 2017, 10:50:44 AM
 #1523

Well yeah, bitcoin can sure be considered as a source of income but definitely not worth leaving your job to rely completely on it.
As any other currency you don't get it for free, so you should offer a service and accept bitcoin payment in order to get some; you might even take the risk and invest or trade with it, but due to the fluctuation in its price it won't be a stable source of income you can completely rely on.
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July 07, 2017, 11:08:41 AM
 #1524

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 say today in our generation there many people who are investing on bitcoin, but in the sense that most of them did not leave their jobs. Maybe some did because they think that they can earn more in bitcoin, that's alright but it all depends also in your profession. Most of the time those who leave their jobs because they are a graphic designers, programmers and etc... They can connect to bitcoin and make income on it because it is related to their field but if you are just a cook or like a teacher or a carpenter and want to earn some bitcoin, investing is good you can gain from it in the future but leaving your job is not the best idea. You can keep your job while doing bitcoin. Most people do that because if you are just an ordinary person there is no way you can  pay your bills and buy grocery on just doing bitcoin. Just keep you job and invest, take time for just 1 hour everyday in bitcoin. That will do it. Hope it helps Wink
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July 07, 2017, 11:13:43 AM
 #1525

Yes, Bitcoin is one of income sources. Now a day, many of the business people investing bitcoins more than the normal citizens to make money. Its also have benefits and advantages. So that, entrepreneurs are showing very much curiosity to invest bitcoins.
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July 07, 2017, 11:39:08 AM
 #1526

Well yeah, bitcoin can sure be considered as a source of income but definitely not worth leaving your job to rely completely on it.
As any other currency you don't get it for free, so you should offer a service and accept bitcoin payment in order to get some; you might even take the risk and invest or trade with it, but due to the fluctuation in its price it won't be a stable source of income you can completely rely on.

Maybe yes, maybe no, because it depends on what job you do have, if you are earning big in your job more than what you could earn in bitcoin then there is no reaso to quit your job, but if it is the opposite, then why not quit your job since you are earning more in bitcoin, it would be just a waste of time if you are not going to quit your job.
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July 07, 2017, 11:49:40 AM
 #1527

Well yeah, bitcoin can sure be considered as a source of income but definitely not worth leaving your job to rely completely on it.
As any other currency you don't get it for free, so you should offer a service and accept bitcoin payment in order to get some; you might even take the risk and invest or trade with it, but due to the fluctuation in its price it won't be a stable source of income you can completely rely on.

Maybe yes, maybe no, because it depends on what job you do have, if you are earning big in your job more than what you could earn in bitcoin then there is no reaso to quit your job, but if it is the opposite, then why not quit your job since you are earning more in bitcoin, it would be just a waste of time if you are not going to quit your job.
How would it be a waste of time? Even if your job is earning less than you earn with bitcoin, it's still a more reliable and stable source of income. Would rather keep both than dump one.
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July 07, 2017, 07:18:04 PM
 #1528

Easiest way to make Bitcoin a source of income is to actually attach it to your regular income.  there's a lot of websites and a lot of services that allow you to take direct deposit from your regular source of income into your Bitcoin account. Some of these are pretty expensive. of course you could probably rig this up yourself with a little bit of time. In less than a week you can have it up and running, and that's how you receive your income as a source of income in Bitcoin.

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July 07, 2017, 09:02:59 PM
 #1529

Easiest way to make Bitcoin a source of income is to actually attach it to your regular income.  there's a lot of websites and a lot of services that allow you to take direct deposit from your regular source of income into your Bitcoin account. Some of these are pretty expensive. of course you could probably rig this up yourself with a little bit of time. In less than a week you can have it up and running, and that's how you receive your income as a source of income in Bitcoin.
I wouldn't do that, because you never know at what price these services will buy coins. I expect this would be a much higher price than the average, something similar to what localbitcoins is offering. Also, you wouldn't want to buy during a big pump, and this could happen if your pay came through exactly when Bitcoin was peaking.
Just buy at exchanges like everybody else.

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July 07, 2017, 09:09:55 PM
 #1530

It is true that bitcoin is a source of income for someone not to focus on working in the real world because the result of bitcoin is fantastic if someone works out bitcoin then it depends on ourselves whether bitcoin for additional income source or for us to Focus as a new job In bitcoin world , But for me bitcoin is just an extra source of my income in doing bitcoin.
Yeah arguably earning in bitcoin exceeds my income in my day job lol. But I will not take the risk of getting out of my day job and then working full time in bitcoin. I think it's very risky. So currently I still use bitcoin for extra income only

Which is as it should be, while I have enormous faith in bitcoin, there is no point into putting all your eggs on the same basket, if you are going to diversify your investments, diversifying your income streams it is logical and makes you more resistant to economic failure, if you get kick out of your job you have bitcoin and if bitcoin crashes you have your job.

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July 08, 2017, 04:10:26 AM
 #1531

Yes, Bitcoins are new era of getting money without any single cent investment. i left my job also i spending my job timings in bitcoins only.
Bitcoins are very usefull who are unemployee/ whose salry have not sufficent. No doubt they can invest on Bitcoins.
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July 08, 2017, 04:15:28 AM
 #1532

Yes, Bitcoins are new era of getting money without any single cent investment. i left my job also i spending my job timings in bitcoins only.
Bitcoins are very usefull who are unemployee/ whose salry have not sufficent. No doubt they can invest on Bitcoins.
Btc is definitely a good source of income but you are pretty sure of the stability of this source of income when you quit your current job and justify your time for btc. I am very concerned about this as btc is still in a lot of turmoil and first August is sure to make some changes.





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fujyo86
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July 08, 2017, 05:52:40 AM
 #1533

Bitcoin can be source of income with consideration, if from our activities in it provide better than having a boss. I am have proven, bitcoin can meet the cost my life and family. Bitcoin into a new tap for me.
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July 08, 2017, 06:52:28 PM
 #1534

Bitcoin can be source of income with consideration, if from our activities in it provide better than having a boss. I am have proven, bitcoin can meet the cost my life and family. Bitcoin into a new tap for me.

I just started the adventure with the code and earn less. I hope one day I will be able to reach this stage in order to provide a good life for my wife and child, earning only Bitcoin. Now I still have to work normally.
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July 08, 2017, 07:09:11 PM
 #1535

Calculating a relative sum, you would need an average of at least 1 BTC per month (equal to $2500) for bitcoins to be a stable income (calculating an average between most 1st and 3rd world countries), Earning that much STABLY and monthly isn't easy. The ones making full time profit in bitcoin are mostly exchanges/big gambling websites operators and staff.
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July 08, 2017, 07:31:04 PM
 #1536

bitcoin is really source of income.bitcoin is not constant, this price will increase and decrease. if it increase we get the profits.this helpful for investing the money for future purpose also.
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July 08, 2017, 07:41:26 PM
 #1537

Bitcoin can be source of income with consideration, if from our activities in it provide better than having a boss. I am have proven, bitcoin can meet the cost my life and family. Bitcoin into a new tap for me.
if you live in a low cost of living place i think your argument is reasonable ,
but when you live in most european countries sometimes it won't worth ,
people usually in europe have to earn €1,500 to €2,000 monthly to live in average economics ,
tell me how do you guys earn that much through bitcoin?
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July 08, 2017, 08:26:31 PM
 #1538

Bitcoin can be source of income with consideration, if from our activities in it provide better than having a boss. I am have proven, bitcoin can meet the cost my life and family. Bitcoin into a new tap for me.
if you live in a low cost of living place i think your argument is reasonable ,
but when you live in most european countries sometimes it won't worth ,
people usually in europe have to earn €1,500 to €2,000 monthly to live in average economics ,
tell me how do you guys earn that much through bitcoin?
True but at the same time, bitcoin liberate you from the fact that you have to live in a specific plate to get to your job, with bitcoin you can live anywhere and make money as long as you have an internet connection, so you can move to a cheaper place to live if needed be.

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July 08, 2017, 08:53:24 PM
 #1539

It is possible, You are using Bitcointalk and you know that there are a lot of ways to earn money with this forum, like Campaigns or Services
Right, but without more information about bitcoin you can't manage your income. Because with signature campaign in services you can't earn bitcoin because it has own rules and regulation before you give the payout. Additionally, more bitcoiner are greedy to generate bitcoin (as what I encounter) they do multiple account then participate in one signature campaign that have a great payment, sometimes newbie want to posts more and their profile are one liner or other are spammer and they don't know. My point is without enough knowledge in bitcoin we possible to turn nothing. Bitcoin field is so wide, the more you have idea the more income you can get.

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July 08, 2017, 09:19:08 PM
 #1540

Bitcoin can be source of income with consideration, if from our activities in it provide better than having a boss. I am have proven, bitcoin can meet the cost my life and family. Bitcoin into a new tap for me.
if you live in a low cost of living place i think your argument is reasonable ,
but when you live in most european countries sometimes it won't worth ,
people usually in europe have to earn €1,500 to €2,000 monthly to live in average economics ,
tell me how do you guys earn that much through bitcoin?
True but at the same time, bitcoin liberate you from the fact that you have to live in a specific plate to get to your job, with bitcoin you can live anywhere and make money as long as you have an internet connection, so you can move to a cheaper place to live if needed be.

That is the main point what you told is correct, what if you are living in costly place dont mean that Bitcoin earning is nothing for it, so better go for cheaper location and then see that what you are earning in Bitcoin is more then enough to live happily. But it is also true that in some country where the fiat conversion price is very high so what ever they are earning through bitcoin is very big then what they are earning in their salary.
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