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Author Topic: Bitcoin as your main income?  (Read 3912 times)
kidoseagle0312
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April 17, 2018, 04:05:03 PM
 #1321

    Bitcoin could not be a main income because it is not stable. It is just another source of income when you invest or join a bounty that pay bitcoin or you are working online which is the payment is bitcoin. You can earn from these and that will give you a chance yo earn extra income. Mostly if you are lucky, bitcoin is more profitable rather than your permanent job.
I'm sorry mate, but I beg to disagreed to your statement, Since I was started in this industry, ever since my source of income was bitcoin. All of costing, and payment for my commodities was all paid from my profit in bitcoin. But true they can do this as an extra income however in my case this is my main source of income.  

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April 17, 2018, 05:17:28 PM
 #1322

If the income cycle is short and if I can spend my Bitcoins without converting in fiat then it makes sense to accept Bitcoin as main income. In such case, I will only cash out Bitcoins to pay taxes and emergency funds and other fiat investments in stocks etc. However, it would give a serious trouble if there is no one to accept Bitcoin against goods and services around you. We don't have the crypto friendly market environment as of now but things will improve down the road.

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April 18, 2018, 02:36:46 AM
 #1323

Even investing bitcoin is risky I still invest  on it because im very sure of the good benefits it give.
That is why bitcoin as of now is my source of income today, focusing in this forum is my alternative job and I feel comfortable because i dont feel any pressure on bitcoin.
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April 18, 2018, 03:26:03 AM
 #1324

I do not make bitcoin as my main income and only for extra income but promise, because I have a steady job or a steady income. I am very grateful to the bitcoin who has helped my needs and made me better than ever and I can have what I have not accomplished before.
a good choice. not everyone can choose and usually experience confusion, so do not focus in work. if we have decided like this we will be able to really divide the time to work on bitcoin and our main job.
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April 18, 2018, 07:11:37 PM
 #1325

I would like to hear some of your opinions and hear some smart words because I believe people think investing Bitcoin will make their life done financially but I honestly think it's not true.
For me, bitcoin has become a salvation. Thanks to him I was able to get out of poverty. But unfortunately he no longer has the use - only speculation.
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April 18, 2018, 08:09:54 PM
 #1326

Although we earn big through bitcoin for me it cant be my main income.yes we can save now from what we earn from it but till when we can earn we dont have assurance untill when the bitcoin or any ither coin will be.i still need regular job so that if cypto will dissapear i still hve income.

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April 18, 2018, 08:24:50 PM
 #1327

To be honest, I'm looking for money, making a profit, in my country, bitcoin is not legal yet, so bitcoin I use as a medium to add Rupiah, by trading, following bounty, investment, lending, even join cloud mining. and the result of this advantage that I use to increase real business capital. may be different story if bitcoin in my country can be used as a means of payment, like money.

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April 18, 2018, 08:29:43 PM
 #1328

My long term average is around a quarter of a percent per day profit after fees but before taxes.

It goes as high as 3% per day when looking at only the last 30 days, but sometimes there are droughts it goes to 0% or in rare cases negative.

I can live off profits alone but still take on other work because I want to grow my position with the house's money. Once my position hit five figures I stopped trading with leverage and am happy with that decision.

I make a tenth the trades that I did when I first started. I generally opt to wait and watch until I'm reasonably certain of a good opportunity. My average this calendar year has been roughly 4 out of 5 trades being winners. I generally bet with the trend so that I can hold btc and let the uptrend bail me out if I get in a tight spot. This has worked great for the last year, but obviously isn't the optimal strategy in a bear market. Having suffered through one of those I believe I will know when to change my game plan up and start shorting.

There's not much readily available evidence for any of these claims. The best I can do is reference the coinsight.org flair game where I am #3 trader out of people who have made trades in the last 30 days. Since starting I am up 70% against bitcoin which is itself up 270% vs fiat over that time period. The flair game does not allow shorting, stop losses, leverage, or even limit orders; use your imagination on how much those might add.

I was margin called in 2014 and regrew my entire position from the scraps remaining out of force liquidation. Starting small is a great idea, if you can make gains you'll eventually get to a good place even starting with a hundred or a thousand dollars. If you can't make gains then you'll want to subject yourself to as little in losses as possible.
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April 18, 2018, 08:33:04 PM
 #1329

I cannot point out BTC as the source, but whole crypto-community and various airdrops and bounty campaigns, ICOs as well.

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April 19, 2018, 02:45:04 AM
 #1330

For me, I think using bitcoin as our main income isn't enough. Because of its unstable price in the market. So I rather to have a regular job that has a stable income and to use bitcoin as my another source of income.
Boromon
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April 19, 2018, 02:45:36 AM
 #1331

If you have enough amount of bitcoin then this thing could be possible and depends on how you work out to earn bitcoin. But investment is risky so dont invest the money you will use in your everyday needs and more better if you have real job.
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