Bounty hunting - work or a hobby?

[Mateo123]

I just posted a reply in another thread where the OP stated they considered bounty hunting was work with money paid to you for your time and resources, with it likened to running a small business. I felt rather that you’d ‘paid’ for the bounty tokens in your wallet with the time you’d used doing bounty tasks and reporting etc rather than with your own cryptocurrency or fiat, and that you needed to factor in as well the time wasted on other bounty campaigns where you didn’t get any reward/payment for your bounty work because the ICO didn’t make softcap or was unethical or a cashgrab or scam! In terms of whether bounty hunting should be seen as a part or full time job/small business or rather as a hobby where you may pick up a few dollars using your phone and computer and internet and time, I felt it would depend on each bounty hunter’s individual circumstances and prevailing tax and other laws in their country. I imagined that most bounty hunters here would treat it as a ‘hobby’ that may bring some reward of tokens that may or may not be worth anything, rather than as job giving predictable taxable income - but I’ve seen little discussion or information published about this however.

I’m interested in how bounty hunters here view their receiving of bounty tokens and the value from holding or selling them - as a hobby or as a job with taxable income? And also are bounty hunters aware of any tax or other ‘rules’ known to apply to tokens received or sold in the various countries we live in?

For me, i treat bounty hunting as a work bec. In joining bounty it needs hardworks and even our time,we have to! Bec. We have task to complete ,we give our best for the success of the project so for me it is not a hobby or a kind of relaxation  and besides were earning with it .

[Bay_Harbour_Butcher]

honestly the beginning of my first jump in the world bounty because just want to add pocket money and curious, whether we can earn money from the online world? and it turns out the result is very surprising, the money generated exceeds the average salary of employees, and finally now I try to continue to explore the bounty

[voxdu12]

I do not consider work because it is not quite a stable income in one bounty can pay tokens, in another they can pull up to several months, others may just turn out to be a fraud, so it's very risky and you can not count on it

[Beet1e]

I agree. Some bounties are very boring. But this is much better than doing heavy physical work or washing dishes.

A silly comparison in my opinion, there are always those who prefer physical labor, with a normalized schedule and a fixed salary... In the bounty sphere, you can not predict how much you will earn tomorrow and can not make special plans, even if you have been sent tokens for your work done in a couple of months, this payment can hang a dead weight in your ETH wallet...

[yadwoa69]

It depend on the approach and mentality you have toward it. It can take months before you receive a reward,so I don't take it as a job but a hobby to enable me learn about a job in trading.

[Ayamj]

i consider it to be hobby, it cant realy sustaine you

[iamlds08]

I just posted a reply in another thread where the OP stated they considered bounty hunting was work with money paid to you for your time and resources, with it likened to running a small business. I felt rather that you’d ‘paid’ for the bounty tokens in your wallet with the time you’d used doing bounty tasks and reporting etc rather than with your own cryptocurrency or fiat, and that you needed to factor in as well the time wasted on other bounty campaigns where you didn’t get any reward/payment for your bounty work because the ICO didn’t make softcap or was unethical or a cashgrab or scam! In terms of whether bounty hunting should be seen as a part or full time job/small business or rather as a hobby where you may pick up a few dollars using your phone and computer and internet and time, I felt it would depend on each bounty hunter’s individual circumstances and prevailing tax and other laws in their country. I imagined that most bounty hunters here would treat it as a ‘hobby’ that may bring some reward of tokens that may or may not be worth anything, rather than as job giving predictable taxable income - but I’ve seen little discussion or information published about this however.

I’m interested in how bounty hunters here view their receiving of bounty tokens and the value from holding or selling them - as a hobby or as a job with taxable income? And also are bounty hunters aware of any tax or other ‘rules’ known to apply to tokens received or sold in the various countries we live in?

it depends on where you live and taxation in cryprtocurencies has alot of loopholes now and easy to tricked, i do bounty hunting a living and i find it a sustainable work to do unlike my previous job.

[Blockman21]

When I entered the cryptographic market, I participated in the hunt for bonuses and investments. For me, joining the bonus campaign is also a job. I spend time, effort to earn rewards.

[RagnarosF]

If you already have a fulltime job with a good payment, you can do bounty as a hobby. But if you havent go a job and have a lot of free time like a student you can focus on bounty as a true work. If you really focus on it, it can brings you a good payment with not too much time.

[PayneCharity]

I think we should not consider bounty as the main job, but only as a part-time job. Although if you learn to understand the projects very well and choose often only good, then it's possible.

There are a lot of unemployed people in this forum who are forced to join the bounty and this is their only job. But I also think bounty will earn more money than work in the company

[ovcijisir]

For me its a kind of work not a hobby. But i really do enjoying  reading and posting comments. Im learning a lot about cryptocurency here. Actually i consider this as my second job.

I hope to have some profit from bounty but don't think it will happen so soon. I don't consider it as job, more as profitable hobby.

[felikszemdegs11]

well you should definitely pay tax on it, you need to on any 'hobby' that makes you money.

[MoneyCrafter]

Perhaps more should be seen as a part-time job. There are also many people who do the bounty campaign full-time. I think everyone's situation is different. It takes a lot of time and energy.

[AgentZero23]

Bounty hunting is not a hobby. I considered it as a full time job. Because some bounty hunters worked 5 to 8 hours a day depending on how many projects they participated. And if you are earning a thousand bucks every month then it doesn't look like a hobby to me =)

[Originator]

Hey. 
For myself, bounty is my pure hobby. Firstly - I do only those projects that I like.  And secondly, if it was for me a job, then I would probably have earned more but I had no free time at all.
I'm sure there are professional bounty people, and it's not bad. 

[Galley]

Everyone has their own criteria for determining a hobby or work. For myself, I define clearly, if the job I am doing is not at the expense of my core work, my home and family - this means for me it's a hobby that I do in my spare time. If not, then this is for me already work.

[rainezerr]

I just posted a reply in another thread where the OP stated they considered bounty hunting was work with money paid to you for your time and resources, with it likened to running a small business. I felt rather that you’d ‘paid’ for the bounty tokens in your wallet with the time you’d used doing bounty tasks and reporting etc rather than with your own cryptocurrency or fiat, and that you needed to factor in as well the time wasted on other bounty campaigns where you didn’t get any reward/payment for your bounty work because the ICO didn’t make softcap or was unethical or a cashgrab or scam! In terms of whether bounty hunting should be seen as a part or full time job/small business or rather as a hobby where you may pick up a few dollars using your phone and computer and internet and time, I felt it would depend on each bounty hunter’s individual circumstances and prevailing tax and other laws in their country. I imagined that most bounty hunters here would treat it as a ‘hobby’ that may bring some reward of tokens that may or may not be worth anything, rather than as job giving predictable taxable income - but I’ve seen little discussion or information published about this however.

I’m interested in how bounty hunters here view their receiving of bounty tokens and the value from holding or selling them - as a hobby or as a job with taxable income? And also are bounty hunters aware of any tax or other ‘rules’ known to apply to tokens received or sold in the various countries we live in?

Bounty hunting is not a hobby but you can consider it as a job because it was very profitable and you can use the payout you earn in order to start a business or just use it for living.

[IrenNTA]

Bounty is really like a job for me. Though it takes much less time than any other job it still need a lot of attention and time. So even someone calls the bounty money as free money I don't agree with this statement. It's a hard work and it costs every token I earned.

[coyote50]

It's kind of a hobby for me. I pick interesting projects and do YouTube reviews, sometimes I do signature campaigns like with moneytoken. Signals Network bounty screwed me because they severely devalued the token when they distributed 3.5x more to main sale buyers instead of burning the unsold tokens. The team acknowledged I had the best YouTube video by far, and I also did a bunch of other stuff, and now my tokens are worth like 10% of what they would have been worth if the team didn't do the redistribution

[heritage35]

There are some aspects of bounty that i do for fun, because they are not stressful. Examples of such are, telegram bounty, youtube bounty and so on, but there are some i see as real work. They are time consuming and they require a lot of effort.