Topic: bitcoin dont pay our billls we need passive income - page 8. (Read 1552 times)

That is pretty obvious. Op wants to get rich quickly through cryptocurrencies just like many dreamers out there. He clearly needs to grow up. Anyone with a half decent brain know how risky it is to invest into this volatile crypto market.

HODLING is less risky when compared to day trading, but it still involves a decent degree of risk and passive income on a regular basis through this method is difficult no matter how skilled you are in trading which is why I wouldn't suggest this method for passive income.

Borrowing is not good for passive income unless you have land or capital so every month we will flow our passive income without having to work or do good skills, just quiet enough you will get money, people now always want a passive opinion even though this is something that is difficult to do, including trading in bitcoin, we need good skills to start trading, so it can be done if you master it.

Pasive income? If you really want one then try lending or if you have a adquate starting capital then establish an aprtment and open it for rent. If you have a huge amount of land then establish a cemetery (I'm serious with this one), I can assure you that you will get a good income yearly.
So don't compare btc with them because they're different. Well, we can say that hodling can generate money passively but overall it requires skills and effort on trading.
I don't know you but I can actually pay my weekly prepaid load consumption using bitcoin .

Laying on your couch all day and having free money is everyone's dream because you will not have any financial problems. But it is indeed unlikely for the government to give you money, so you could pay your bills and provide your necessities. It is the common reason why many people are striving hard for them to have a job to earn money and do whatever they want.

Passive income? What makes you think that the government should pay your bills and provide you with free money? Work, become a specialist in what you like and there are those things with which you will pay your bills.
Everyone wants free money, and nothing to do. The world is arranged differently, it's time to understand this.

He is creating stupid threads. What he says here doesn't make sense: ¿Who would vote for passive income (given to you by your government)?

¿And who wouldn't?

He also equals passive income and universal income which are two completely different things.

Also, bitcoin in can give you passive income, as you point out, as any other investment, by appreciation of capital.

Another stupidity is the title: in this very forum you can find people who pay their bills thanks to bitcoin.

Who have told you at the first place to be reliant purely on what you can earn from Bitcoin? Also, we do have different rate and capacities on earning money through Bitcoin. Maybe for you, it cannot be attainable to pay your bills using the earnings you can gain from Bitcoin but for those middle and upper range earners, it is possible to pay bills using what they have earned from working on Bitcoin. Also, do not always be reliant on the government that they will provide everything you need to survive your living. Move up and work on your own and find possible ways suited for you to earn a decent amount of money to pay your daily expenses. Being reliant into a single thing will not help you improve yourself. Yes we are into a current crisis right now but there are still ways possible to earn money. You just need to exert effort on finding suitable working jobs that will give you income to survive your daily needs.

You were wrong. I'm sorry. Because of Bitcoin and cryptocurrencies, it helped me pay my monthly bills during the pandemic. Everyone like you has a different view about Bitcoin and passive income.

My ideas of creating passive income?

* Starting an e-commerce website and advertise it to Facebook ads (yes, you need to invest and treat it like a business).
* Start your own travel booking website and place some travel-related ads for revenue (and include Bitcoin as payment option).
* Join a legit or established network marketing company that has products and services essentially needed by everyone in all life aspects by building good relationships to your associates, motivate and educate them, and never deceive them in any way (only a handful of them can do that).
* Create your own mailing list (yeah, the good ol' internet and affiliate marketing days). By doing that, write an eBook, create sales funnels, subscribe to an autoresponder like Aweber/GetResponse/MailChimp, etc., build landing page for your eBook that can be given away for free in exchange of subscribing to your list, and then broadcast some products with your affiliate link from various products, etc.
* Create royalties (e.g., music, stock photos, etc.), and monetize them.

Or just simply think outside of the box! There are many possibilities out there. Again, just don't say Bitcoin can't help with the monthly bills. You just didn't tried it.

In some countries, bitcoin can pay our bills, but I don't think that all items can be pay using bitcoin. But in other countries, I think they don't even think about bitcoin because their government didn't explain bitcoin so that bitcoin will sit still on the grey side.
In some countries, the government can give free money to people, but not all people will get free money with terms and conditions. People choose to work from any sector, and they don't want just to wait for that free money to come to them. Free money will not be the same as giving vouchers to those people so they can use it to replace it with foods, water, or else.

I think i got what you mean. Well, you cannot rely on Bitcoin for your daily needs nor paying all your bills on time. As we started learning Bitcoin and working in this Blockchain Industry, we need a lot more patience and hardwork before getting all the rewards that we deserve. It will take more time to earn those profits but its really worth the wait, and by then we can definitely pay bills through digital transctions or we can start to cash out our money if you want to convert it into fiat so you can actually hold it with your hands and then pay bills and buy goods. Its not being wise to just wait and ask money for the Government to pay your bills. There are still a lot of alternative ways to earn money, like working here in Crypto world, and be productive. You know, here in my Country, I try my best not to depend on the Government assistance, because we only have limited resources and the small funds they raised for the needy, i will just leave it for them since i can still be productive and fit to work at the comfort of my home, despite the fact that i also badly need money. Still, i prefer to work and earn on my own rather than depending to anyone or the Government.

That might be negative in the long run. If we were to apply what @Hydrogen said about the food issue, then it's possible to do so, but if it were actually effective, why haven't the government implemented it? I'm not familiar if there was one already though so forgive my ignorance for that part.

Isn't it basically the same thing, you just made it more organized by giving out vouchers that may make organizing stuff easier for the government. If you want passive income, BTC isn't the only way, there's stocks, banks, heck. create your own business, or maybe your own site and place ads from various companies that would work with you. Passive income doesn't mean that you'd get it for free, you have to work for it to make it a passive income imo. Free money would only ruin the world, that was why money was made, to limit everything so that the word "free" can't be abused.

Love your analysis connecting the basic needs. Community food programs though are something that have failed spectacularly in erstwhile USSR. A better approach towards food is to find local alternatives, innovation in farming methods towards sustainable farming. Growing enough food in terms of quantity and quality for everyone depends on better farming methods.

Apart from this, the needs hierarchy is also about intangible needs like love, loyalty and security. Those come from better access to resources like education, healthcare, infrastructure and of course, law and order. All of these have nothing to do with a universal basic income but come from professional governance.

 I think you still need to know what Bitcoin is, has bitcoin never paid your bill? Well presently if you say it's not paying your bill it's up to you because if you know well about bitcoin you will know why you may not get much from it now and rise up to your lazy feet to get your bills paid, are you expecting not to do anything else when you are broke and was bitcoin created to feed only you? What if there is no bitcoin, won't you eat? The problem is not about the Bitcoin, it's about you!

If you break down basic human needs, they trend towards looking something like this.

• Shelter
• Food
• Electricity
• Transportation

One might say, people need better, more affordable and easier ways to acquire shelter, food, electricity, transportation and other basic necessities.

That's a goal we're pursuing to elevate standard of living.

Some methods we might utilize to achieve this.

Shelter

-Increasing work from home opportunities makes it easier for people to transition to neighborhoods with lower cost rent.

Food

-Communal gardens and community farming programs can produce higher quality food at reduced cost.

Electricity

-Innovations like Elon Musk's 100 megawatt lithium grid battery carry the potential to revolutionize industries and greatly reduce cost of power:  https://www.dailymail.co.uk/sciencetech/article-8082841/Elon-Musks-Tesla-battery-farm-saved-South-Australia-116-MILLION.html

Transportation

-Lyft, uber and similar options are opening doors and giving people more opportunities in life.

...

If the goal is to improve standard of living and give people greater options in life.

Offering tax credits, tax cuts and deregulating industries which drive innovation and help people to solve issues relating to food, shelter, transportation and power would normally be the way to go.

Why ask the government for this matter? it is your or our responsibility to look for something like this. I'm shy if I'll let the government do all the things that can make my life easier and wealthy. It is duly our responsibility to make our lives better.

This is why many people are lazy, they ask most things from the government without having the initiative.

I like to know where the OP comes from, maybe he found the palliative too good to stop. Even in some countries that give out stipend base on some criteria of citizens, the stipend wont give the life the citizen want. Bitcoin is an investment but an asset class that produces the best return in short while. Some citizen are even investing their palliative into bitcoin while some spend all and looking for more, a successful habit will always demand delayed fun.

Polo7, you are starting up a lot of threads that seem to have a central thought in them, but mostly they're hard to understand what you're really trying to discuss.

The title of this thread doesn't make sense, for instance.  Do you mean to say "bitcoin dont pay our bills, SO we need passive income"?  That's what I'm assuming, but the statement still doesn't make a lot of sense.

And who would pay for that?  Is your definition of passive income "sitting on your ass and waiting for the government to give you money/food stamps/welfare/whatever"?  Well, that already exists and the people paying for that kind of income are the people who have jobs and pay taxes.

If you want legitimate passive income, put your money to work for you--whether it's crypto, stocks, cash, whatever.  Buy stocks that pay good dividends, stake PoS coins, and that sort of thing.  If interest rates were a lot higher I would suggest interest-earning banking products if you trust banks.

I have a feeling you think there's a need for free money, and there's no such thing.

what about goverment vouchers to goods food and and holiday:) 

I doubt free money is ever a good idea.

Giving things like rice, pasta, oats, fruit and potatoes for free as a basic diet might be beneficial though as well as other more luxury products, clothes and maybe Internet or similar.

A lot of utilities should really be socialised with private versions offering better as public transport in a lot of places (other than European trains) just has really high profit margins..

btc is not good to pay our bills.,

we need new way of passive income goverments should start giving out universal income there is need for passive income



who will vote for that?=