gabmen
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January 16, 2019, 12:42:26 PM |
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Well, not everyone here rely solely on bitcoin and crypto currency in general but there are some people who depends entirely on crypto currency and they are still surviving up till today no doubt. In my opinion, all depends on the kind of crypto currency related business one is into that will make one to either depends on crypto currency or not at all.
what is the reason you can't work full time and depend on bitcoin? is it as long as you make a profit there, and can survive, even have a lot of money from bitcoin income, why not? depending on bitcoin is not a problem, the most important thing is that you can live from that job Well the problem is, many people aren't quite equipped to live such a life. Yeah there are traders who have trading as their full time job and most likely they already have the experience and skill to make it. Not everyone who wants to live that way can afford to, yet they still quit jobs and get rekt in debt and losses in return.
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Freddie Aguiluz
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January 17, 2019, 08:24:06 AM |
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All you've said OP was absolutely true and i couldn't agree more. It is an absolute fact that Bitcoin can really be a life changer. That is if you know how to play by the rules. Bitcoin is an entirely digital currency and a sure-fire lucrative investment. But it is notoriously volatile. This is the reason why i see Bitcoin [for now] as an opportunity to have supplementary income for the family, to which we badly needed.
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anehh
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January 17, 2019, 09:20:02 AM |
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Indeed, the best way is to stay on the main job and do not depend fully on bitcoin. Because the price of bitcoin has never been stable and we cannot be sure when it will profit through bitcoin or maybe vice versa that we will experience losses through bitcoin. For that I really appreciate every person who tries to generate bitcoin and get profits through bitcoin, but also we should stay focused on our main work which is certainly we get income every month to meet our daily needs.
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bitbunnny
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January 17, 2019, 09:34:56 AM |
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I completely agree, depending on only one source of income, no matter which one, could be risky. This risk is especialy big when we talk about Bitcoin because no matter your current profit in Bitcoin you can't rely on that constantly and also you should always be aware of volatility. Also, financial world is not ready yet to fully embrace cryptocurrencies. I would say that some are very brave but also capable Bitcoin users who managed to make their living from Bitcoin only but these are very rare so don't think this is easy.
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Gibreil
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January 17, 2019, 10:12:00 AM |
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Yeah! Better to be independent in other things! Do not depend your financial needs on only one source of income. We should also have other ways on how to earn money. In fact, I experience also to be a bait in this industry. I turn my assets in cryptocurrency last 2017 because I thought it could be a greater year when 2018 comes on. However, it was done when all tokens crashed last year. I alreay withdrawn the half of my investment and turn it into fiat.
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The Cryptovator (OP)
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January 17, 2019, 02:12:35 PM |
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I turn my assets in cryptocurrency last 2017 because I thought it could be a greater year when 2018 comes on. However, it was done when all tokens crashed last year. I alreay withdrawn the half of my investment and turn it into fiat.
That's the reason why am not encourage to depend on bitcoin or online earning. Whoever invest on end of 2017 they are all in huge loss. Lots of people's become hopeless due to market conditions. So many people's was depend on Bitcoin once was bull run. They watch dream that bitcoin will touch 50K. Then what happened? All of dream become zero due sudden crash. So it's better opinion that just earn from online as passive income. You should not invest all of you assist on any online businesses. It will hurt you. Think about your family and yourself.
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TIDOVEE
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January 17, 2019, 02:26:43 PM |
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People's experience at the this last year, 2018 has even thought a lot of people not to totally depend on bitcoin. As you have said, it is good to earn bitcoin but bitcoin has a scale which indicates that it will not be delivering profit every time,just like other world currency may rise and fall in value.it could even be hacked asides the dump.
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AimHigh
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January 17, 2019, 10:48:34 PM |
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Yes you are are even me I planned to leave my job and focus on bitcoin and investing more in bitcoin because on what I've seen on how to fluctuated the value and rising but I doubled think that bitcoin is my part time and I need to find a job for the back up in case of falling so that is why I am not worrying even bitcoin falling because I have extra income.
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karloscimot
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January 18, 2019, 01:57:25 AM |
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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 type of trader will do anything in order to get profit, the same thing happens in bitcoin trading we can continue to explore the potential so that we can benefit, we can invest any coins or we can do daily trading so anything for us can be the most important get results. very different if we we work the results we get will not be as much if we trade, then we can look for loopholes to always trade.
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jakezyrus
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January 18, 2019, 02:02:47 AM |
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bitcoin is good but we need cash . we all know that btc or any other crypto was freakin unstable and not all times we can earn thru it because most of the times the value of bitcoin was in dump state . earning btc is also limited , i mean the job and the pay rates plus the price can also affect your income . so far many people are regretting because they did already quit their rock hard solid job last few years ago because they think that the pump will last for a lifetime . the sad part was it didnt happen , now we have no choice but to continue striving and earning btc to stay alive .
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sirminesalot
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January 18, 2019, 04:07:46 AM |
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exactly what you say is indeed a crypto currency investment that is very profitable but also the risk that will be obtained is very large too, if indeed you are ready to invest by risking it all does not matter
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ancafe
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January 18, 2019, 05:40:54 AM |
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exactly what you say is indeed a crypto currency investment that is very profitable but also the risk that will be obtained is very large too, if indeed you are ready to invest by risking it all does not matter
well, basically I also make this my hobby, but I still look for work in the real world even though the salary that I get is not as much as what I get from bitcoin. well, this is just something fun. see, and support some pretty good projects, and see the development. this is very interesting, but I don't depend on this.
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ynatopak14
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January 18, 2019, 05:43:27 AM |
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Bitcoin is really a good source last 2017 when the market was on boom. But 2018 made the difference which many people who depend on bitcoin lose a lot of amount. We should never depend on BITCOIN and cryptocurrency, this must be an alternative job. FOR NOW!
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Accounting87
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January 18, 2019, 05:51:56 AM |
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I totally agree with you. I mean, it is a new currency, you never know what is ahead of you, so hoping btc will save your problems is not logical, to say the least. For instance, we decided to mine just out of interest, then it became beneficial for us, but we made this our kinda passive income. It was before, but now, with the market being down, I would not recommend anyone to place their hopes on the currency.
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Phantomberry
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January 18, 2019, 06:50:26 AM |
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I Absolutely agrew with you in this situation market is still suffering to lose including the continue price down of bitcoin the only thing to do is just to hodl your assets fight your emotions and stay hodl.
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Accepted_check
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January 18, 2019, 06:50:44 AM |
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Bitcoin is really a good source last 2017 when the market was on boom. But 2018 made the difference which many people who depend on bitcoin lose a lot of amount. We should never depend on BITCOIN and cryptocurrency, this must be an alternative job. FOR NOW!
Bitcoin should and will be always be your another source of income. You should not rely your daily income to bitcoin. Coz if you do, your family will be hunger. Bitcoin is just our another option to earn money aside from working in a company. It's much better than you still focus on your job and do bitcoin in your vacant time.
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Canoppo99
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January 18, 2019, 07:02:49 AM |
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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. Depend on bitcoin is not a stupidity. Do you think that people who work in blockchain.info are stupid people, they are smart people who create online wallet for bitcoin users. They are rich and not stupid. People who spend all of their energy to help environment environment for bitcoin are know that bitcoin will make a revolution in world economy or atleast change on some habbit that too much spend money in transactions.
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S00N_44
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January 18, 2019, 07:32:39 AM |
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Fully agree, you need a rational approach to this. There are risks everywhere, you need to take them into account, otherwise you risk a lot. I think the future is Bitcoin. Therefore, the sooner we understand all this, the better for us!
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kelz1
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January 18, 2019, 07:41:14 AM |
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The only people who should be relying on bitcoin for a living are paid traders who do it on behalf of institutions, these guys will be like gold dust when the bakkt finally comes through
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EdenHazard
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January 18, 2019, 07:58:24 AM |
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Depend on bitcoin is not a stupidity. Do you think that people who work in blockchain.info are stupid people, they are smart people who create online wallet for bitcoin users. They are rich and not stupid. People who spend all of their energy to help environment environment for bitcoin are know that bitcoin will make a revolution in world economy or atleast change on some habbit that too much spend money in transactions.
Firs question, did you know about bitcoin? Second question, did you know about blockchain? OP only insinuates bitcoin not blockchain, as you know bitcoin can be used as a place of investment, can be used as a means of payment and can be used as a tool to send money. I guess the OP only recommends that you don't just rely on investing in bitcoin to get profit / source income. You have to find other ways to meet their daily needs, so when the current price decline does not hamper their investment in bitcoin. As for blockchain, I guess this technology is not a place to invest while those who work on blockchain may have a steady income.
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