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Question: is it possible to earn a bitcoin daily??
yes - 10 (41.7%)
no - 5 (20.8%)
maybe - 9 (37.5%)
Total Voters: 23

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Author Topic: possibilities' to earn bitcoin daily  (Read 1126 times)
kartiksgk
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September 17, 2017, 12:19:05 PM
 #1

People keep saying that they earn bitcoins for their daily basic needs
And i have heard that you can earn daily bitcoins by mining
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September 17, 2017, 12:46:05 PM
 #2

Depending where you are, mining might be an option (if you live in, say, Europe forget about it. electricity is too expensive), but the initial investment is huge, and risk quite high.
Even if you mined better coins (i.e. coins that have a higher return than bitcoin when mined), making a daily living from it (in EU that would have to be at the very least, what, 50 euros per day?) you'd have to spend thousands upfront. And the day difficulty jumps by 20% or bitcoin drops 30%? you're out of a living wage.

Best "way" to make a living off bitcoin would be as a merchant dealing a fairly high volume for BTC, I guess. Still, you'd have to be very diligent in converting back to FIAT quickly, and you need good margins to start with.

Bitcoin is great, but I'd say it's still very unlikely to make a living from it, unless you are a day trader with a very large capital and some luck.
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September 17, 2017, 01:00:36 PM
 #3

People keep saying that they earn bitcoins for their daily basic needs
And i have heard that you can earn daily bitcoins by mining
Mining is not very profitable and it consumes much time and electricity. Trading is a good option to play. You can also go off with many other earning options in the crypto world, just google it. You will get a big list there.
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September 17, 2017, 01:04:44 PM
 #4

People keep saying that they earn bitcoins for their daily basic needs
And i have heard that you can earn daily bitcoins by mining
Mining is not very profitable and it consumes much time and electricity. Trading is a good option to play. You can also go off with many other earning options in the crypto world, just google it. You will get a big list there.
Trading consumes much more time than mining.
Mining is ultimately set & forget with occasionally keeping an eye for failures.
It can be argued that depending on the users location, mining is very profitable.

   
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September 17, 2017, 01:07:35 PM
 #5

I don't think so through mining you can earn a bitcoin daily, this needs a very large setup to make it possible and cheap electricity is required but as we know mostly countries of the world don't have electricity and many countries are facing electricity shortage issues too. It is possible through trading but a huge investment is needed here too.



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September 17, 2017, 01:14:34 PM
 #6

I think if only bitcoin mining I think will not be enough for the cost of living every day, to start mining takes a lot of funds. if I think trading is the most appropriate. because trading can earn a profit every day but if we are lucky every day?

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September 17, 2017, 01:14:49 PM
 #7

This might be possible if you have patience and willingness to earn bitcoin daily,
Like you can do trading (Forex trading if you have strong signal about prediction).
recently china banned exchange i had signal that bitcoin price would fallen actually  it happened  in reality and i made profit.
if you have mining hardware than it is possible to earn bitcoin daily.


 

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September 17, 2017, 01:16:05 PM
 #8

People keep saying that they earn bitcoins for their daily basic needs
And i have heard that you can earn daily bitcoins by mining
thats true the miner earn profit everyday but depends of the set up of the mining rig how much the daily income the miner can get, if want to become a moner save your income to buy the gadget for mining because mining is a long term investment in you need more capital become you can start a great mining rig, the return of your investment is beautifull.

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September 17, 2017, 01:19:07 PM
 #9

People keep saying that they earn bitcoins for their daily basic needs
And i have heard that you can earn daily bitcoins by mining


Yeah, you're right and I'm one of them I earn bitcoin to buy my daily basic needs although basically I get payed weekly. And yes the most effective way to earn bitcoin daily is by mining it. But for some reason not all of us cannot mine bitcoin because of not enough capital to buy a mining rig or beginners mining rig. Maybe there are some alternative ways out there to earn bitcoin daily but I will suggest not to go with ponzi schemes because it is literally a scam.
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September 17, 2017, 02:15:34 PM
 #10

I answered may be. May be we can earn bitcoin daily but to be honest that's far fetched. I don't think with mining we can earn that much (personal level). If we speak about the commercial miners, people with giant miners sheds might be able to earn few coins a day or sometimes none depending on the block they found. For solo mining that's almost impossible I guess. We can try out all the other ways like gambling, trading, campaigns, multimedia promotion then also it will take week or two to get that much coin.

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September 17, 2017, 02:35:11 PM
 #11

Surely it is making change in my life. Bitcoin has become the most efficient way to earn money now a days. I never ever thought that something like bitcoin will come to life and will give me a financial freedom that I always wished for. Now every thing looks better, and there are many goals in the life which are possible due to bitcoin. I'm wishing for a house with it, a car in front of it and back yard with barbecue kitchen plus kids garden. Much more like a happy life with it. Hope that I will achieve that soon. Bitcoin is also making it worth right now and I'm enjoying with it.

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September 17, 2017, 02:41:45 PM
 #12

People keep saying that they earn bitcoins for their daily basic needs
And i have heard that you can earn daily bitcoins by mining

It's very possible that you can earn bitcoin for your daily needs and it depends upon to your source of earning. People that can sustain a bitcoin daily life are the miners, since profit there is guaranteed and the price of bitcoin isn't affected that much because they will keep on earning when they mine. And the another one are the traders, they can earn bigger for a week and that can be enough for their next weeks daily needs.

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September 17, 2017, 02:44:22 PM
 #13

People keep saying that they earn bitcoins for their daily basic needs
And i have heard that you can earn daily bitcoins by mining
You can earn bitcoin with mining but you need a lot of capital and some technical knowledge to get started. Even if you have the capital, searching the gpu will be hard as lot of people want to buy it and the stock is scarce. Solo mining bitcoin is out of the question so it left trading and doing task in this forum to earn bitcoin. You can do some task and get paid in bitcoin and you can use that to buy your daily necessities.

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September 17, 2017, 02:48:54 PM
 #14

For me, earning  a high quantity of BTC daily is quite difficult. You could use any skill you have and provide it as a service. Even like that it would be only a job that would guarantee some spare money for you to use. I believe for the average consumers, i the believers, bitcoin is more for the long run, because I hope that it's price will be  high after some years.
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September 17, 2017, 02:49:21 PM
 #15

Bitcoin can really be used in everyday life. Many companies and services add bitcoin as a payment for their services.
Of course, you can get bitcoin with the help of special devices, but they are expensive and they need a lot. Therefore, the easiest option for an average person is to do bounty projects, get coins and transfer them to bitcoin.

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September 17, 2017, 02:58:13 PM
 #16

People keep saying that they earn bitcoins for their daily basic needs
And i have heard that you can earn daily bitcoins by mining

there are many ways to earn Bitcoin on a daily basis. There are those who are involved with trading and so they can have their Bitcoin income from time to time even every minutes for that matter. There are people who are into mining which can also be lucrative. Some are into other programs using Bitcoin as the medium of exchange. Numerous ways are available right now it is just a matter of looking for them.

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September 17, 2017, 03:16:44 PM
 #17

People keep saying that they earn bitcoins for their daily basic needs
And i have heard that you can earn daily bitcoins by mining
thats true the miner earn profit everyday but depends of the set up of the mining rig how much the daily income the miner can get, if want to become a moner save your income to buy the gadget for mining because mining is a long term investment in you need more capital become you can start a great mining rig, the return of your investment is beautifull.

With regards to the mining, it isn't even profitable to mine bitcoins currently and all you can do is yo maybe mine Altcoins and then sell it for bitcoins . That's just about the sure way of earning bitcoins daily apart from stealing them or trading .



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Rainbot
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luo demin
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September 17, 2017, 03:22:22 PM
 #18

Daytrade bitcoin and altcoins, with the right moves you can profit nearly every day.
vk8181
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September 17, 2017, 03:26:49 PM
 #19

Well recently i have started altcoins trading and till now i have been able to earn some bitcoins out of it..so i would consider it a good option...but each day can be diffferent
gabmen
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September 17, 2017, 03:32:09 PM
 #20

You can by mining, but you have to understand that it would a take a lot of requirements for you to be able to comeup with a decent rig. And the earnings, even though daily, won't get you your roi until after a year or so

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