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Author Topic: Is it possible to build a career with bitcoin?  (Read 819 times)
Blitzboy
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November 04, 2023, 04:08:30 AM
 #141

Someone can become rich because of investments and someone can become rich because of profits from trading. You can always try it if you have the budget, but never ignore the risks involved. Someone can set a profit target for each trading session they do, for example 2% per session and the profit really depends on how much capital you have.

Successful traders never trade all year round, but they only take advantage of certain moments to gain big profits. If you want to build a career with bitcoin, it's possible, but of course you have to have special skills regardless of what you can rely on. If you are good at analysis, you can share the results of your analysis in paid Telegram groups or you can also gain profits by sharing videos on various media.
Surely, the path to wealth through smart investments and smart buying cant be taken lightly. Your point about setting a 2% profit goal makes sense, but it really brings home the need for a strong cash base. Successful sellers are smart and choose not to be in the market all the time so they can take advantage of good opportunities. To move around in the Bitcoin world, you need to have a deep understanding of both how Bitcoin works and how money works in general. One possible path is to turn analytical skills into profitable businesses through paid Telegram groups or informative video content.

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November 04, 2023, 03:24:44 PM
 #142

Bitcoin at the time is heading towards an uptrend and many who have invested a long time ago could as well find themselves making some good profits but then, it’s good to always have it in mind that, the coin remains volatile and your $10 might not be $10 depending on the prevailing market condition which wouldn’t be the case for money saved in the bank but, inflation plays a relative role to what volatility would do to your coin.

Be it as it may, I’ll rather have my money in an asset with potential of giving me some x multiples than have it saved in some fiat bank where the organization profits off it through trading, lending and other means of investment and I just have a little above cents on what is a huge capital.
  You need some sort of other skills or knowledge than just how the blockchain works. But that skill doesn't have to be programming. If you are knowledgeable about market finance, you can probably work on investing in cryptocurrency based products, design new blockchain based financial services, that sort of stuff. If you have some experience in IT infrastructure, investments, purchases and economic management you may do good work in mining. And so on. I don't know how sensible those ideas really are as career plans, but they are at least interesting skill sets for some Bitcoin based businesses.
Not so many people really understand how the blockchain works, and it's not a worthless skill, it's just not enough by itself. Find (or develop) another area of expertise that is relevant and allow you to bring real value to a project. Otherwise, you have a risk of just being one more of those “I have an idea, can you implement it for me?” types of people. This may seem like it takes more time (why learn Bitcoin when you’re never going to use it?), but it’s actually a long term time saver. If you learn the basics of Bitcoin, you open the door to understanding other projects and only need to focus on the deviations. Just learning your project’s way of doing things make it harder to know how a sibling technology works, but understanding the common ancestor gives a basis for all project.
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November 05, 2023, 03:22:54 PM
 #143

Now, people who jump in thinking they can make a lot of money quickly arent thinking things through and are basically playing with fire. No, buying bitcoin wont make you rich overnight, but it can make you money.
That's probably the most common mistake that new investors make these days, just because they have heard or seen people posting screenshots of getting very high percentages in profit through futures trading, they have the perception that the cryptocurrency market is a place for everyone to get rich from without knowing or thinking about the risks associated with it since those who post their success stories and screenshots barely post their losses and failures publicly as they need positive attention and fame.

A gambler needs to understand some of the most basic things including profit and risk ratio and that the market and cryptocurrencies aren't created to make people rich and it's only possible for someone to earn money if they do trading in a proper way after learning each and everything they might require for making trades.

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