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Author Topic: Earning Bitcoin is good, but don't depent on it.  (Read 23568 times)
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January 09, 2019, 02:56:11 AM
 #41

That is why we need to diversify in many things and don't depends on one thing. Bitcoin is a great way to make money, but we also have the other way which could help us to gain more money. We can use the altcoins or the tokens to make another money, and I think it still worth to use them as we know that bitcoin, altcoin, and tokens can give much money if we have a good analysis. We don't have to leave cryptocurrency because I am sure we have the other choice to make money and besides that, with still in the crypto, we can try any possibility to survive so we could still make money.

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January 09, 2019, 03:00:33 AM
 #42

no one should ever depend on any single earing source, the wise way is to depend on multiple sources, especially passive income. No sane person will ever thing BTC or any other thing as his/her single income source.

why not ? i mean its possible man  .  i myself is only depending on cryptos as my primary single source of income because i dont have a job so far and im pretty sure that most of us are also the same as my situation because the real truth is that finding a stable job offline are much harder than you expected . even if you are a graduate in college or even if you are a title holder , you cant expect to get hired imediately because many people are also aplying for the vacant posisition .   

so instead of wasting our time applying outside , why cant we just foccus here working with cryptos ?  we can get  instant carreer here with no boss  or any hasel 
I like your thought, many people use sheepskin to sell their abilities that they can, but he is not aware when the thinking of person are facultative there is no someone who know about everything, someone's insight depends on their experience. Honestly, I'm a scholar but I don't feel like working with someone else like a company etc, I just want to open a business myself and that is more satisfying for me. Regarding bitcoin which is used as source income, I think it depends on each person, the OP only analyzes it in general, not personally. Maybe there are users who make bitcoin as source income and they can still survive with the bearish market that happens, everyone has their own sustenance.

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January 09, 2019, 03:17:56 AM
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 #43

anybody who is getting into bitcoin should already know about its volatility and generally the risks that are involved with it which are not only limited to trading (price) risks. and most of them that don't have their heads in the sand already know that which is why they usually have a pretty good plan for their future too.

those who are confused and are having problems specially having problems due to the price drops of last year, never had that plan that they should have had in first place.
for example the link you posted is probably from someone who hasn't been "trading" he was "buying and selling" which is more like a random think and is more similar to gambling rather than trading. and it has been one of the problems with many people. entering the market is easy so they think making money is also easy and  the "occasional wins" are also misleading them into believing that.

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January 09, 2019, 03:32:39 AM
 #44

Definitely right! Never ever depend on bitcoin. Don't give up your job just because you think bitcoin will make you a millionaire. Yes it will, because it happened before. But it takes years to happen again. Which is, it cannot give you a monthly profit unlike your job salary monthly to provide your needs. Think wise!  Wink
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January 09, 2019, 03:35:43 AM
 #45

That is why we need to diversify in many things and don't depends on one thing. Bitcoin is a great way to make money, but we also have the other way which could help us to gain more money. We can use the altcoins or the tokens to make another money, and I think it still worth to use them as we know that bitcoin, altcoin, and tokens can give much money if we have a good analysis. We don't have to leave cryptocurrency because I am sure we have the other choice to make money and besides that, with still in the crypto, we can try any possibility to survive so we could still make money.
hence from that now there are so many people who use bitcoin to be used as a side job, because bitcoin does not always have a high price that can make users get a big profit. especially now it's still difficult to earn money from bitcoin

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January 09, 2019, 04:05:52 AM
 #46

Maybe you have source passive income except from bitcoin or altcoin investment, after getting profit fro trading or investing you have use your money and open real business, maybe is the way when your investment is lower price.
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January 09, 2019, 04:53:22 AM
 #47

On Facebook a lot of my friends asking what are the best option besides bounty hunting and trading, yes these are people who rely on online to make money or to make a living, what this bear market teaches is we must have another income-generating job besides online, because there will come a time that everything will not go well, just like what is happening today.
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January 09, 2019, 05:10:08 AM
 #48

Maybe you have source passive income except from bitcoin or altcoin investment, after getting profit fro trading or investing you have use your money and open real business, maybe is the way when your investment is lower price.

I think no one should depend on the profits they are expecting from crypto trading or investment to open a real business poor or chase real life goal, that will likely bring about more depression if things don't work out(which is very likely) as expected, One should set real life goals and works towards it to in order to be able afford a more convenient life style and If per adventure a big profit comes in from a crypto it can serve the purpose of making those real life goals easier.

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January 09, 2019, 05:16:04 AM
 #49

On Facebook a lot of my friends asking what are the best option besides bounty hunting and trading, yes these are people who rely on online to make money or to make a living, what this bear market teaches is we must have another income-generating job besides online, because there will come a time that everything will not go well, just like what is happening today.

you can't make a living by doing silly micro jobs online such as "bounty hunting". not to mention that majority of ICOs have been scams and you lost a lot of money if you participated in any of them. additionally like anything else, entering cryptocurrency market requires a lot of experience and also needs spending a lot of time doing it.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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January 09, 2019, 07:27:28 AM
 #50

Do not ever depend on bitcoin because we do not know if this thing is lifetime. You should bitcoin as your alternative and find a job that fit to the things that you really want. I do not depend on bitcoin because there is no assurance that you can earn money so I have my permanent job.
Actually, it depends to the people if they will depend their life on bitcoin or not. However, I depend my income in bitcoin because I'm full time worker in bitcoin which I do daily trade and I do not have permanent job.



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January 09, 2019, 07:44:10 AM
 #51

That is one of the lessons that I have learned,  we should not depend to earn money from bitcoins. I lose big amount of money when I make investment in bitcoin without careful. The market is really unpredictable so we should not depend our earnings from bitcoins.

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January 09, 2019, 07:52:24 AM
 #52

Yes oviously we should not depend on bitcoin or other crypto.We should take it a part time job with main job or study. And we should learn from this bear market that we should not blind believe on crypto. We should always book profit.

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January 09, 2019, 08:16:22 AM
 #53

Yea good point we all need main (1st ) source of income, crypto is just an asset. I earn by online crypto gambling and through signature campaigns but those earnings through campaigns are funny (e.g. last week I earned $8.5, yea real comedy). but patience is a virtue.
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January 09, 2019, 08:36:54 AM
 #54

This post is so right, just emphasising on how unpredictable btc or any other coins is. But some depend on it because of their real life situation.  I have lots of friends who are scared for the future of cryptocurrency
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January 09, 2019, 09:00:22 AM
 #55

Well said, earning bitcoin isn't that easy nowadays. The major earning of bitcoin is possible through trading and gambling. Both were high risk involved, depending into this primarily for earning is not the right pick. If something goes out of prediction, it will get reacted on our regular living. To avoid such circumstances it is good to have a regular job and have bitcoin earning aside for making ourselves wealthy at the earliest.

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January 09, 2019, 09:10:20 AM
 #56

Yes! earning some bitcoins is a good thing however like you said we need to stop depending on it. like me when I earn some money on bounties I used some of it on a small business and when i wait for some payment on bounties i will never be broke. because i have some other source of income. having some many source of money will make your life easier.
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January 09, 2019, 11:24:42 AM
 #57

You must have several sources of income always. Do you have 20 thousand BTC? That's cool. But what if tomorrow 20 thousand BTC will turn into nothing? The crypto world has its own laws and rules. And this is a world of opportunity. But this does not mean that you have to leave the usual world, usual work.
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January 09, 2019, 11:47:22 AM
 #58

There is no fix income that you can get from Bitcoin. As a matter of fact, there is no assurance whatsoever that when you get into Bitcoin, you will be making a good deal of wealth in the end. We have to always remember that there are risks involved in taking part of this kind of gamble. When you decide, you need to be objective. The market in which we want to make some money is a volatile and uncertain one. Instead of our goal to create wealth, it could end up the complete opposite. Our investment and efforts and hopes could easily vanish. We should not rely on something that is not certain as our source of income.

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mangsitin
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January 09, 2019, 12:46:48 PM
 #59

Yes right, for beginners like me, it's impossible to fully depend on my life for Bitcoin, because now it's very difficult to get income from Bounty, so I have to find another job besides I work here, looking for BItcoin.
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January 09, 2019, 12:55:01 PM
 #60

I believe whoever on this forum somehow he is connected with crypto-currency. And all crypto-currency surrounded by Bitcoins. There is lot of way to earn bitcoin like trading, gambling, lending, bounty and so on. This is great opportunity that Bitcoin give us many way to earn from online.

I have seen few topic on forum lately that few people's are want to leave crypto-currency due to continue bear markets. They are finding job or whatever. That's why my topic title is earning Bitcoin is good, but don't depend on it since most of we are not whales.

Beginning of 2017 people's was happy up to end of year. Few people's left his job as far as I know only by depend on Bitcoin. The thought was Bitcoin will make them millionaire. That's not wrong it will happen once a day. But totally depend on it is sign of stupidity. It will be wrong if we think that market always will up trend and give us profits. Those are totally depend on online earning like bitcoin, downtrend is damn for them. In a result they loss their patience and sell coin on loss especially traders.

I would like to suggest earn Bitcoin as much as you can but don't depend on it. Just consider it as a passive income. Just continue your job or whatever your business. On the other hand earn from online and hold it until bull run on your appropriate targets. Then you will not panic and you will not be in loss. Most of traders loss due to panic sell and panic buy. So keep patience and continue your earning, spread the word about Bitcoin. Attract new investors on crypto industry. Think positive and be positive.

My intention to motivate people's who have losed their hope on crypto. The main reason is who are thinking to leave crypto they was totally depend on it. Which is wrong in my opinions.
People will come again after seeing a good market price for the crypto. There is no better motivation than the market price movement and definitely all will be good if the market price will go high. Cryptocurrency is just like a money tree and wether we like it or not this is how people seeing about the system. Some may say that cryptocurrency for them is a technology that should be learn for good integrating it to daily use. But, I doubt about it because I know that they too like to see crypto market goes high in terms of market price of the crypto.
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