Earning Bitcoin is good, but don't depent on it.

[joshy23]

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.

Which is far better than relying into one industry,  if you can work outside crypto and make this venue as an additional source of income you will be more safer than leaning everything to things that uncertain, like what you have said we don't know when the value will rise nor when it will fall so deep, secure your life while continuing your journey around this industry.

[vv181]

It is a truth that mainstream mainly seeks for a profit instead of utilizing the use cases of cryptocurrency. In another case, it is a bad habit to depend on single source of income as we know the average of a millionaire has more than 3 sources of income. Earning bitcoin is good don't make it as the only one source of income.

[coolcoinz]

I depend on it. Not as the only source of income, but rather as something that will give me financial freedom and security. This is the main reason why almost all my money is in Bitcoin and some other cryptos. I didn't sell my house or go on a diet to invest, but at the moment almost all my fiat money is in crypto. If it goes well I'll have a great retirement fund and will be able to travel and not worry about anything. If not, I will have to work until I'm too old to move. Life is a gamble.

[MTNAX]

I think relying on something is not good especially we also do not know how in the future bitcoin works, we may use it but it is better to use it as a side because if we depend on it it will have a bad impact on us.

[speeder]

Yes this is a problem because when people are hearing about BTC they think at big investors that have earned a lot of money and they can live well with the help of Bitcoin. The thing is that at start is better to have a job besides Bitcoin, and the crypto world can can be an attachment source for incomes.I think that is better that way because as we can see the market is unstable right now and you can lose a lot of money.

[Dreamchaser21]

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.

The more source of income we have the better, so its not good to depend your daily needs alone to bitcoin. You’d better to treat this market as your long term investment since the price are still cheap but the future is good. If bounty doesn’t work well to you, look for another opportunities.

[khufuking]

I agree with every word you said and in fact that what I did, in 2017 like many others I decided to go all-in in Crypto working and investing and only after a couple of months I decided that this is totally wrong if there is no way to guarantee a fixed monthly income then this is probably not a thing I can totally depend on, and now I am very thankful that I decided to change my mind and make Crypto a side thing, of course, there is still pressure when prices go down but it is not the same like someone totally depend on it as their main income, for me I have my monthly income kinda consist so I will probably be able to hold and not panic as someone that has their monthly and main income totally depend on Crypto.

[Gheka]

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.

But only a few people like you recognize this problem, most of the others consider bitcoin as a major source of income because they see a lot of people have a good income and a comfortable life when they work full time with bitcoin. However, people who depend on bitcoin don't know that these are people who come from the early times of the market, they get the chance to become rich, with newbie and the late participant, the chances of getting rich were too low, depending on bitcoin just making their lives tiring and stressful, unable to have stable income to sustain life, they should soon realize that and should not continue to rely solely on bitcoin

[johnny508]

I too agree with you that depending only on bitcoin is not that good and it is best for both bitcoin and its users because any user who depends on bitcoin doesn't ever think to use bitcoin rather than investing or trading it withing exchanges but which do nothing to bitcoin's future for it to progress as a currency in the world but I don't see anything wrong if some one benefit from bitcoins volatility and other potential features as a part time work because it can make profits for users and also can make bitcoin more demanding

[playboy654]

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.

But only a few people like you recognize this problem, most of the others consider bitcoin as a major source of income because they see a lot of people have a good income and a comfortable life when they work full time with bitcoin. However, people who depend on bitcoin don't know that these are people who come from the early times of the market, they get the chance to become rich, with newbie and the late participant, the chances of getting rich were too low, depending on bitcoin just making their lives tiring and stressful, unable to have stable income to sustain life, they should soon realize that and should not continue to rely solely on bitcoin

Lots of people depends upon only with the money making way using Bitcoin it is good for today situation but depending upon Bitcoin for long term investment will not be as good as like doing some other job that's why this topic will happen Bitcoin is a good way of money making but it will not definitely standard so make some another way to make money.

[Andam76]

It is better if bitcoin is used as extra income not to lose the main job ... because bitcoin prices fluctuate and we also do not know when prices go up or down ...

[hxtop]

Considering bitcoin as an extra income tool and having a real job is a reasonable thing on these difficult days. It is same for other assets in traditional markets and there is no special thing. Let's take a stock owner as an example. If you were not a professional trader or investor, you couldn't earn enough money for your payments.

[Spider A4]

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.

Yes there are many way to earn in bitcoin but i think bounty is the first depend who guys starting carrier as a beginner.
Lending is a bullshit and very risky way to earn btc because mostly scam in i told that in my experience.
Bearing market non stopped so that a lot of guys going to left crypto.

[Spider A4]

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 am started from 2017 and making good earning because 2017 ending moment made happy everybody. But i did't not sell any token when market big growing i missed the trend. I am totally depend on bitcoin that's why i'm not try to applied in any job. Now i have no way to survive without job.

[sampalokmix]

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.

I agree with this one, and the current situation of Bitcoin nowadays is a living proof of that. We should not live dependently in Bitcoin due to the fact that it doesn't support consistency, even the single amount of a token really varies and I think about how difficult some times to rely on something we cant be so sure and I guess Bitcoin is mainly for having extra source of income.

[fileo]

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.

The point is make bitcoin as the second priority. Secondly make the stable job as the second priority. We should not misunderstood the difference between bitcoin investment and stable job. There are instances bitcoin will make you down once misconceptions. But everything will be save by stable. The regular profit or salary can save your daily needs in order to survive. Depending on bitcoin is not recommendable.

[The Sceptical Chymist]

I agree with you that no one should depend on bitcoin bounties, but I don't think anyone really does (except when limited by situation).

I disagree with you there, because if you've ever read any of the ban appeal threads in Meta, you'll hear all sorts of begging in the form of "plz unban me, my family depend on my earning" and so forth.  Could those statements be lies?  Absolutely, and I remain skeptical and cold in the face of them--but I do think that there are a lot of folks in 3rd world countries who think bitcointalk is a place to work.  And I also believe that if you're earning bitcoin through bounties (and especially if you're employing alt accounts as well), someone in a poor country could earn far more with that than in real life.

It is better if bitcoin is used as extra income not to lose the main job ... because bitcoin prices fluctuate and we also do not know when prices go up or down ...

That's true, and there are many other reasons why someone should have a job in real life instead of relying on shitty, shady bounties that might not be around for much longer.  You can already see bitcoin-paying signature campaigns are getting rarer, but those altcoin bounties are eventually going to die off.  The market is going to get saturated with this crap and people are going to stop falling for ICOs and their scams, and the devs are going to stop paying people for advertising/translating/social media posts.  You'll see.

You are absolutely right! Last year a lot of people did this mistake! Some people sold their car, lands to buy bitcoin to hold! and now they are regretting every day!

Whoa there with the exclamation points.  Those should be saved for special occasions.

I do remember some threads here about people selling their kids' toys, houses, and all of that.  Who knows if they actually lost money, though?  They could have sold in time to make a profit, and I don't think many of those threads were followed up on by the OPs.  It was pure lunacy when bitcoin was approaching $20k, and what's amazing is that people want more of that type of bull market--the kind that's not sustainable.

Earning fiat is good, but don't depend on it.

Man, not even I'm that cynical.  Then again, if and when a Venezuela-type of hyperinflation hits the US I'll come back here and admit that you told me so.  Let's hope that doesn't happen.

[ralle14]

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  

You're not wrong it's possible to go full time because not all countries have the same cost of living. Depending on Bitcoin as your main source has it's own risk that's why some prefer to have more ways to earn other than trading,mining,campaigns, etc. I would only do this if you're working for Bitcoin casinos, exchanges or services that are established . Having an rl job is still better imo because you can use that experience to find a new job.

[mahibul49]

i think if you are an expert person and earning bitcoin now then its your plus point bcz bitcoin is in its early stage.we can dependent on bitcoin bcz its future is good.

[Bunsomjelican]

Having bitcoin is good but depending your profit unto it is not a good idea I think. Because, it is volatile. It is still good to depend our profit that has a stable earnings which I think we can get it if we establish a traditional business. But doing bitcoin in the meantime is good only for a sideline income as long as were not getting a big profit in it.