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Author Topic: Is it possible for someone to get good Income only by working on Bitcoin???  (Read 6715 times)
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August 29, 2017, 04:41:20 AM
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Is it possible for someone to earn good income, and live a luxurious life only by working on Bitcoin/Altcoins, without having other job to do???
Do you suggest someone who is not happy with their current job, to quit their job and start working on Cryptocurrency??? Huh

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August 29, 2017, 04:54:38 AM
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Is it possible for someone to earn good income, and live a luxurious life only by working on Bitcoin/Altcoins, without having other job to do???
Do you suggest someone who is not happy with their current job, to quit their job and start working on Cryptocurrency??? Huh

You don't work on bitcoin and earning bitcoin is equally not cheap or free you must be willing to to offer something. Whether freelancing, or trading or gambling something must change hands and even faucets your time is key. Whether you want to quit on your job should be the least option for now until you get your footing because you might think its that easy but its not especially where your skill already abound in a forum like this. So, what I suggest is you keep your job and use that to decide which side of the crypto space you want to feature and create a niche for yourself.

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August 29, 2017, 05:10:35 AM
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Is it possible for someone to earn good income, and live a luxurious life only by working on Bitcoin/Altcoins, without having other job to do???
bitcoin/altcoins are not magical money making machines that can make you rich. there is only one way to earn a living through them and that is to work, or have a job.
this job can be any online job like freelancing (programming, designing, translating,...) or it can be the popular trading these things. but neither of these are easy things to do. they need experience and also you have to factor in the volatility and the risk that cryoptocurrencies have.

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Do you suggest someone who is not happy with their current job, to quit their job and start working on Cryptocurrency??? Huh
if you already have a decent job with financial security then do not give that up. getting in cryptos may be much more profitable but you won't have that security and the stress of when you go all in is a lot more than when you just have a small amount at stake.

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August 29, 2017, 05:14:56 AM
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Is it possible? I suppose. However, it isn't practical. Keep your job man or find another one. Don't rely on Bitcoin to solve all your problems, because there is a great deal of uncertainty in its future.

You probably could make good money either gambling or trading if you are an expert in either field. Most people lose money in these ventures though.

You can make money with Bitcoin through signature campaigns and even apps that reward you in Bitcoin. This won't be enough to support you though. The best investment you could make is probably just buy some Bitcoin and wait a couple years.

Don't quit your job to rely on Bitcoin though. That isn't very good planning.

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August 29, 2017, 05:16:27 AM
 #5

What other fellow bitcointalkers had said above is right. I just want to point out: no need to choose one since you can do both. This is the wisest thing to do since cryptoworld is prone to risks that one day it might lose its value or drop ridiculously. Let's put it this way, your job would serve as a secured income while Bitcoin will be an extra income.

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August 29, 2017, 05:17:31 AM
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Is it possible for someone to earn good income, and live a luxurious life only by working on Bitcoin/Altcoins, without having other job to do???
Do you suggest someone who is not happy with their current job, to quit their job and start working on Cryptocurrency??? Huh
yes more people focus to bitcoin as a real job people hope to become rich using bitcoin as a job, one example i heard are now is rich the dropout high school student that an inspirational bieng rich in the world of cryptocurrency, many people after knows about bitcoin leave the real work because of some reason, like heavy traffic for everyday travel going to the work site and low salary.

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August 29, 2017, 05:20:26 AM
 #7

Is it possible for someone to earn good income, and live a luxurious life only by working on Bitcoin/Altcoins, without having other job to do???
Do you suggest someone who is not happy with their current job, to quit their job and start working on Cryptocurrency??? Huh

No op, Bitcoin supplant your existing incomes, it does not mean that one should only rely on bitcoin, plus Bitcoin are expensive to buy, what you could do is continue working, and keep on earning Bitcoins, and then see what you need most Fiat or you can allow it to rise. I know it's tempting to quit the job, earn a Bitcoin and stay relaxed but don't do it, won't do you any good in the long run.

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August 29, 2017, 05:28:18 AM
 #8

Yes one can get good income by Bitcoin but not only i.e we should not only depend upon it as it is volatile so you can get profit or lose. We should also do your regular job and keep bitcoin earning in our free time as we need lots of patience, or if you can invest in it you make it fast. 

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August 29, 2017, 05:35:22 AM
 #9

Is it possible for someone to earn good income, and live a luxurious life only by working on Bitcoin/Altcoins, without having other job to do???
Do you suggest someone who is not happy with their current job, to quit their job and start working on Cryptocurrency??? Huh
in my country there is a guy who living on by trading bitcoin and alternative coin. trading is one of best job in cryptocurrency he got so many income monthly and become rich man. he also share his experienced on Facebook grup which have made by him. i have joining his grup so i knew that kind guy. due to value of bitcoin is very high towards my fiat he can live luxurious only by bitcoin.

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August 29, 2017, 05:37:29 AM
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Already done by many YouTubers. But even if you aren't a YouTuber there's great ways to earn a good amount of Bitcoin. Steemit curating and writing blogs, bounty campaigns on bitcointalk.org, promoting affiliate programs such as Genesis Mining, and maybe even a little trading on exchanges here and there. Some people do this part time and supplement a huge % of their income, if they could get to the point where it pays all the bills it would free up more time from an actual job so they could earn even more working at home.

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August 29, 2017, 05:37:45 AM
 #11

DO NOT leave your job to go into Bitcoin or any other Crypto currency. The whole Crypto currency scene are still experimental and barely regulated by governments globally. A lot can still happen and the risks are just to high for someone to leave their job to pursue this as a full-time job.

The high volatility is also a problem for people who are used to a stable income in fiat. Your rent/bond/utilities have to be paid monthly and this needs a stable income.

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August 29, 2017, 05:46:26 AM
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Very possible. You can have a good income in btc and luxurious life as well but the thing is, it wasn't easy as you might think. The good income, you can achieved it as fast as you can depends on your hardwork and skill. But the luxurious life, you need hardwork and have atleast one of this, gambling site, trading site, mixer or any other site connected to crypto except faucet, altcoin owner, etc. If one of these get exploded. In less time or few years you can have a luxiurious but of not as luxurious as those elite businessmen/top richest person.

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August 29, 2017, 05:46:38 AM
 #13

Is it possible for someone to earn good income, and live a luxurious life only by working on Bitcoin/Altcoins, without having other job to do???
Do you suggest someone who is not happy with their current job, to quit their job and start working on Cryptocurrency??? Huh

It is possible to have a good income in bitcoin/altcoin but first evaluate yourself if ever you resign from your job, will the income you get from earning through crypto enough to pay your monthly expenses and can support your family? If your answer is yes then you can do so but just a reminder that earnings in crypto is not permanent because even the prices are fluctuating so there is a risk that you might not be able to eat if something goes wrong in crypto world. Might as well have multiple sources of income aside from crypto like having just a small business at first because its an assurance that you still have a source of income even if your income in crypto is not enough yet to support you and your family.

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August 29, 2017, 05:56:34 AM
 #14

Is it possible for someone to earn good income, and live a luxurious life only by working on Bitcoin/Altcoins, without having other job to do???
Do you suggest someone who is not happy with their current job, to quit their job and start working on Cryptocurrency??? Huh

It's possible to earn a good income, by working hard but smarter. Bitcoin has a lot to offer if only you know how to manage your investments. Nothing is impossible, if we are dedicated to what we are doing then a better outcome would surely follow. Actually, I wouldn't advise them to solely rely on Bitcoin or the Cryptocurrency. Why? Let's face it that this industry is very volatile and we don't know what would happen tomorrow. I would highly suggest if that friend or someone who's not happy w/ their job, Take a month off. Rest your mind and body, reevaluate your decisions. But, I would suggest to them to engage the world of Cryptocurrency if they want to earn extra money for their needs and wants.

It is still better to have a stable and a regular job as this for sure will support you all through out.

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August 29, 2017, 05:57:05 AM
 #15

Is it possible for someone to earn good income, and live a luxurious life only by working on Bitcoin/Altcoins, without having other job to do???
Do you suggest someone who is not happy with their current job, to quit their job and start working on Cryptocurrency??? Huh
Yes its possible. My friend is almost rely to bitcoin and I can say even she have no job she get what she wants. Like she have own house and car all of that is because of hardwork to bitcoin.

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August 29, 2017, 06:10:55 AM
 #16

This is possible. Bitcoin is not the main income of our work, but as a second income after our main job. Because the price can not be determined with the currency of each country. Bitcoin rates are now rising so rapidly that the dollar exchange rate keeps rising causing the demand for bitcoin to increase, this is affected by the small amount of bitcoin, so the rate rises. If they already have sufficient capital and have the hardware for mining their main job may be left behind.

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August 29, 2017, 06:27:25 AM
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Is it possible for someone to earn good income, and live a luxurious life only by working on Bitcoin/Altcoins, without having other job to do???
Do you suggest someone who is not happy with their current job, to quit their job and start working on Cryptocurrency??? Huh
Yes its possible. My friend is almost rely to bitcoin and I can say even she have no job she get what she wants. Like she have own house and car all of that is because of hardwork to bitcoin.

I don't know how valid this story is... It would be very very tough to buy a house or a car with Bitcoin because there are barely any people who would accept it as payment due to how volatile it is.

With that said, I don't think it's possible to solely live off of Bitcoin in this day and age but it will probably be so in the near future. I say this because Bitcoin needs to be accepted by more retailers before it can be used as an everyday currency.

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August 29, 2017, 06:33:33 AM
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I have friend that already quit his job and focus on bitcoin by earning it here and in trading also. I think he has hold many cryptocurrencies for now because he left his job and I think it is possible to other person also to do so...

                                 
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August 29, 2017, 06:38:33 AM
 #19

it was possible, hence, leaving you current job and just focus on earning Bitcoin could be not good choice, like the others said, why not do your daily work and let your spare time spend on earning Bitcoin.

Then save all your Bitcoin for future.

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August 29, 2017, 07:18:24 AM
 #20

Is it possible for someone to earn good income, and live a luxurious life only by working on Bitcoin/Altcoins, without having other job to do???
Do you suggest someone who is not happy with their current job, to quit their job and start working on Cryptocurrency??? Huh


Yeah I can suggest it to someone but its a case to case basis, whether if he have some savings that can sustain his daily needs when he quit the job. I also explain that this is not easy money, it will take a lot of hard works and efforts to achieve your goal. And dont blame me whatever happens. And if he's fine with these then there will be no problem.
And we will start his journey here.

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