Topic: Being Unemployed Drives People to go to Bitcoin - page 29. (Read 20001 times)

Earning bitcoin is not that big if you are beginners I mean the payment for lower rank thru signature campaigns will not give you equal amount if you are working as an employee unless you are doing other stuff like gambling or trading but thats if you are lucky enough to win...earning bitcoin takes time you cannot have .01 bitcoin in just a few days so I don't think it help those unemployed people..it is still better that they look for a decent job then make bitcoin as their sideline...

Nevertheless life is full of uncertainties and nothing says some boss cannot issue you a sack letter even a day after your wedding, but Bitcoin is rather empowering and one won't be needing to look over their shoulders because of their boss, because  Bitcoin puts people in charge of their affairs.

my nephew just graduated from college and he is still unemployed, he is trading and investing on bitcoin, and luckily he is earning from it, we couldn't complain because he will actually earn more with trading/investing on bitcoin than working in a company, we live in a third world country so the unemployment rate is quite high. however we still tell him to get a real job and work on bitcoin as well.

How is Bitcoin an alternative to a job for an unemployed person? Unless you have a skill and use it to get paid in Bitcoin - but then you are just as likely to find someone willing to pay you cash for your skill!
If you mean making enough money through investing to live off - unless Bitcoin starts to massively increase in value far faster and higher than anyone is predicting, that just won't work. Think about it - you invest $1,000 (and you have to be a pretty well-off unemployed person to be able to do that in the first place).
Now there's no guarantee it's going to go up - but for the sake of argument lets say it does- lets imagine a "best case scenario" - your BTC goes up 10x in value over the course of a year.
Well done, you've made a total of $10,000 - but if you have to pay your rent/mortgage/bills/food with that, it isn't going to last very long! Even the crappest minimum wage jobs in developed countries pay well over $10,000 a year, and people struggle to get by on those jobs.
Then, your 10k is gone - and so are all your Bitcoin! How are you going to live next year? Unless you remembered to save $1,000 to re-invest - and then you just have to pray that BTC is going to go up again 10x the next year (which it almost certainly won't - never seen two consecutive years of that sort of growth, perhaps back in the very very early days!)
The numbers just don't add up. Sig campaigns and the like earn very little - enough for a sideline but not enough to live on.
The only option is trading and that's basically down to luck, unless you are a very, very good trader - and they basically don't exist in the crypto world - it's too unpredictable and manipulated. Anyone that can read signals and charts well enough to make a living from trading knows this, and spends their time trading stocks, bonds, shares and commodities instead, which are traded within a regulated market so are far less open to manipulation. That's why pro-traders don't get involved in crypto - it's too random!

Being unemployed drives people to various things. That is when you're going to find a lot of different websites be touched by people that would have never normally touch them, you're going to see a lot of services Touch by people that would normally touch them, and you're going to see a lot of scrambling around for any way to make money left to right. Bitcoin is no different than half-a-dozen other options, if you want to be technical about it after these people would have never even touched an employment site like indeed.com

And likely, it has higher chances that those unemployed people who are seeking extra opportunities online will really encountered the thing called "bitcoin" and will take advantage of it to the point that they will eventually not look anymore at day jobs.

But honestly, even those people who encountered bitcoin while browsing online seeking for day job available, some didn't push to work to earn bitcoin because some of them needs a fixed income earnings in no time and they need money badly now to support their familty. In some of the bitcoin related works available now it needs time to get a decent payment (even they will risk to buy bitcoin) and no way they will just received their bitcoin within short period of time.

The unemployed who go to get big income, even those who have been working to move to bitcoin just to get income and do bitcoin trade.

Most unemployed people search for earning options in the net and when they come across bitcoin,they start using bitcoins to earn.By this way,they become self sufficient and they are no more in need of government or private jobs.They start earning even more than what persons working in jobs earn.

If I were also a unemployed I will really finds a way to earn,and meeting bitcoin should really be appreciated and  grab the opportunity since we can earn here more than our regular salary if have one,and we are free to do what works were able to do plus we already see a lot of users who got successful in it. We do really have an advantage if we save a lot now we can gain more in the future.

With the high rate of unemployment in a lot of countries, mine included, people have no choice but to look for other sources of income. I am fortunate enough to have a stable and decent-paying job, but I am also after investments so I wouldn't have to work until I am very old. With additional income from bitcoin, the possibility of retiring earlier than planned is very much possible. And us early adopters should fully take advantage of the opportunities presented to us by bitcoin and the crypto currency community in general.

Agree bitcoin can give us a decent income but I do not see it as a stable income because of its volatility. So if one can still find a decent job then he or she should not stop looking for a job and treat bitcoin as a side line or other means of income.

Bitcoin trading can be a source of income if you tax people for buying coin from you, but where can you do this effectively that someone hasn't already cornered the market? Where is the security? do you Buy a little coin without any income and hope that you get lucky and grow it, or help one of thousands of services or sites people who don't understand how to buy bitcoin use and pay site fees and then whatever you decide to charge on top.

I understand that when you have money to start and income you can make more than your day job. But what if you are unemployed and broke? Does that mean you are telling me you can make a living feeding off a faucet and hoping beyond hope you can stack enough to cash it and grow it and somehow make a living off a tedious farming then crossing your fingers that your method of trading is the one someone picks so you can profit from it? Or do you just magically come up with enough to get started and hope the market stays stable long enough for you to grow the investment? It all sounds silly and like the Gold rush where people think just because they go to the Rockies and mine for gold they will strike it rich. 

It depends, being unemployed and at the same time if someone is trying to introduce the BTC or other Virtual Currencies and they're already earning equal or higher than average salary - is a clever start to go, otherwise, like mostly out there that are still hunting jobs on the streets or in the internet and maybe they even wasn't sure about virtual currency benefits then I can say it'll all depends on every persons interests.

Those people who partially know something about BTC but they're not capable enough on technical operation of computers and internet, it is hard to go to this kind of source of income.

This is true, Bitcoin is one the options to earn money. But is it enough? Beacuse of volatility and no guarantee that you will actualy earn money and not lose it this is very risky source of profit. It could work if you are alone and don't have family but I still think that Bitcoin related jobs are great for some extra income to imprpve your budget and cover some extra expenses or for savings but in most cases people need steady source of income for decent living.

Even the people who are educated find difficulty in finding a job. This is all because of the decreased job availability and when years pass this will become a big threat to the entire Human being. In some cases people wish to be entrepreneurs, but for families they give up and finally gets driven towards bitcoin and other online earnings which is true.

Personally there is not much difference or problem if you are still unemployed or while job hunting you are referring to forum or investing a little part of your money in BTC.

It is not that it will actually lead to unemployment, it depends on how the people comprehend your actions, it is also great that you are not wasting most of your free time after job hunting. Although we can say that this not regular job, but you can still earn from it little by little.

I absolutely agree to this, if not most, some people especially unemployed are looking into bitcoin. However, it is still best if we can get a good paying job and do a little side with bitcoin. Just like the saying that you dont put all your eggs in one basket. Hopefully we earn a lot of btc. Lol

They become unemployed because they have not taken the appropriate education with their skills, they want to go to bitcoin because of high bitcoin price.
They come when needed but can they use bitcoin ?? I think they can if they want to learn well.

I am somehow agree with this that being unemployed drives the prople into bitcoin. Because we do know that finding a decent job that matches our skills is kinda difficult. And the wages or rate that are given to each employed workers does not sayisfy all their needs and somehow it is still insufficient. But still if you are still new here in bitcoin and still do nit have enough money to start on investing, one should still find a job then work and save money so that you can start investing your savings here in bitcoin.

Well it will still depend. Bitcoin is still a blank paper to many and in order to earn in bitcoin it will need time to read and learn how things work here. And internet is needed, those who know how CAN and those who don't will be hard to teach. Patience will be a virtue if they would want to earn in Bitcoin.