Topic: Can I earn only from cryptocurrencies? - page 4. (Read 528 times)

Many of us here have additional sources of income and did not fully rely on cryptocurrency because it is only Bitcoin that is reliable.


Bitcoin has given us financial freedom, and as a result, we have adopted Bitcoin and some reliable projects; I come to this forum primarily to gain enough knowledge about Bitcoin, and I have developed a strong desire to engage in marketing and occasionally trading; however, holding for a longer period of time yields greater profits, which is why I have chosen to hold only Bitcoin.

Right now, I am also full in crypto, not working offline anymore becoming an employee. But I am also starting my own business, small business. But my first reference is still from the cryptocurrency business both trading, investing, and also joining this program. Although the results are still low, I think that it is enough.

However, if you are really new to crypto, you may be difficult and hard enough to earn from crypto and becomes a full-time employee in this crypto world. There are so many opponents, difficult statistics, and also this is high risk. If you are investing in crypto without any knowledge, many people may utilize you to gain their own profits, not for you exactly.

I think the poll misses one other option, Crypto is my main source of income. I still do other things but my main income from Crypto is 80% of my income, though I spent like 20% of my time here. This is a Pareto principle. I have a farm and into real estate which takes most of my time. The truth is that if one gets it right, there is nowhere in the world where you can get the same level of return on investment (ROI) you get from Crypto. Crypto has liberated a lot of people

People does have different skill sets
People does have different vacant times
People does have different plans and goals about their time management
People does have different impressions towards crypto

In overall if we do speak about crypto investment and making money then it does really give out that kind of opportunity or chances on making money.
It would really just vary on how you would be handling yourself and be wise on making decisions basing up on what you are engaging into.All of us do really strive on making money here on crypto space.
Just like me on which i do have a day job but i did decide to engage on crypto because i do make out some side income which i do even earn more than on my 1 months work salary
which it did really give out that kind of interest and do give out that opportunity on buying things that i do like that i wasnt able to buy before.

I chose the second option.For me, this is an additional source of income. The times when I could earn a lot have passed. In theory, you can only earn on crypto, but you need to sleep at the computer and at the same time have a bunch of accounts to try to earn money from them. The problem of constant income is the fact that there are no stable guarantees of payments after the work done, be it a bounty or some kind of drop.This activity should be considered as a bonus, but definitely not as a basis.

It depends on how much money you have, how much income you need every month to live the way you want and what shills you possess.
I'm in bitcoin part-time, but I'm not trading and I'm not trying to find a pumping altcoin to earn some money. I have enough bitcoin to live happily ever after, but since there are signature campaigns willing to pay me that additional $200 in bitcoin every month, why would I refuse? You can't have too many bitcoin, right?

There are people who can easily focus on their crypto earnings. One of such people are signature campaign managers. If they're earning $1k a month from this and have plenty of free time every day to do something else like trading or catching airdrops, it's more than enough in most parts of the world. It's also the case with campaign participants. Some campaigns pay well enough that you can have a good life in some parts of the world. For instance, in Bangladesh most people earn less than $200 a month, and many campaigns here pay more.

Airdrops nowadays are not to be treated as a guarantee to get income as most of them won't even be listed in exchanges.
I believe a lot of us here are earning from crypto market but only as a sideline, most have their own main job to attend to.
If you are a beginner in this market, don't treat this as your main source of income and quit your job, because you will screw your finances.
You can earn from crypto, but there's no easy route. You need to understand first the market before you will see profits from your investments.
Be smart enough once you got into this market. Don't lose your main job while you are still traversing on this market.

Actually there is a lot that can be done here apart from looking for additional benefits, it all depends on the skills of each.  which I like a lot of knowledge that is abundant.  For me who is tied down by a steady job and can't put full time into crypto.  At first I only took part in airdrops when I first got to know them, then I could take part in small prize campaigns to find additional capital to trade or hold everything depending on the price situation in the market.  it's all that can be done and the results are enough to make myself useful

I think many people work in this industry full time but I am not part of them. Some people make money that is sufficient to cover their needs from the crypto industry. But I have a full-time paid job that takes most of my time. I will categorize myself as a part-time Bitcoin writer. I read anything about Bitcoin and I write and publish my thoughts about Bitcoin. I came to the forum to learn and discuss Bitcoin but I later discovered other sections that can be financially beneficial. The signature campaign earning serves as an additional source of income. I am also a Bitcoin investor because I believe the currency has the potential to increase in price, so am also hodling a little amount of Bitcoin.

Well, over the years i have read people's claims that all they do for a living is crypto trading, i find it difficult to wrap my head around it because i know how risky it is to depend 100% on crypto trading, but my conclusion on the matter is that these people didn't just start trading crypto to make money, they were already prolly rich or had enough money from another source, and rather than just sit idle and spend money, they found a hobby (or a job) in crypto trading. I don't think it is possible for someone who does not have enough financial strength to depend on only crypto trading.

Having said that, i can only speak for myself, every earning from anything crypto is an additional source of income, i'd be standing on a very thin rope if i made a living solely on crypto, life is so demanding in the country where i live and the cost of living is quite high, thus a single source of income is somewhat unfeasible.

I saw people doing full time in airdrops and yes, they've got a lot of list of it so I was overwhelmed looking at them and has got capital for those airdrops because it's a requirement for them to do test nets.

I guess majority of us here are into trading and holding and that's just a part time source of income. Look outside and in many marketplaces and you'll see those freelancing people earning cryptos as well.

They get paid crypto for doing tasks or being employed by someone offshore.

OP as you can see this board is all about bitcoin and Crypto currency activities. So therefore you should know mostly 99% of members here earn bitcoin and other Crypto currencies in one way or the other.

Down to your question,  I must say blockchain is an institution on its own and therefore bitcoin and Crypto made available full time job cutting across all divide. This gives has created lots of job opportunities for people some see it as a full time job and some as a part time job to earn extra source of income. However, there are lots of well paid jobs on Crypto and they varries in dimensions.

Let me start by giving you hints as I make a brief description of the following as you have mentioned;

Trading: this involves one taking advantage of the market situation to making profit when they buy and sell  a token or coin ie when a particular coin price is down one buys some of it and when it is up one sells it. This can be done every day to make profit.

Airdrops:  New projects do give out their tokens to increase the numbers of holders and to create awareness of their project through airdrops. With this, the publicity and holders tend to increase and making the project for which the airdrop is given being popular and we'll known.

Bounties: This is a strategic pattern or way of making a project popular. It is a job done by bounty hunters to promoting a project. This involves, Facebook, Twitter, Instagram, Reddit, Article writing and lots more  marketing processes involved. This aspect of marketing is managed by a campaign manager here and tokens allocated for each section of the campaign to be paid depending on agreement between the two teams involved in promoting the project.
 
There are other jobs like; community moderating, graphics designing, web Developing etc all these jobs  are full time and part time job one can get engaged in to make or earn more Crypto currencies from.

OP this is just  the minimum explanatory so you could understand how it works. Atleast now you know the Jobs involved here and about Crypto jobs and payment.

Currently I am still using the crypto space as an additional source of income because apart from the crypto space I still have other sources of income where I work now and I have made that my main source of income to date. In this case you can also work in several places to get several sources of income so that you don't just rely on one source of income in your life.

In the crypto space, especially outside of this forum I am more focused on trading multiple exchanges with multiple cryptocurrencies. Apart from that, I am also still investing in Bitcoin for a certain period of time because I think investing in Bitcoin is still a wise enough choice to make so I also chose Bitcoin as my investment option. And for other things I still haven't tried it at the moment although in the future I also have plans to try other things like article writing and marketing.

I will never advise anybody to rely only on cryptocurrencies as only source of income because it is unreliable and there is no guarantee that someone will always be profiting from it. Therefore, I don't believe anyone will rely solely on cryptocurrency as only sources of income.

As for me, I participate in signature campaigns, earn money from it, and am also an investor, so I also profit from my Bitcoin investments after holding for a long term, I therefore consider that to be my additional source of income.

The answer is very much but we don't know the exact number. Working full time in crypto is very promising but you have to know how to make crypto as an additional income or become the main source of income.

All you mentioned are ways to earn crypto and many of us make crypto as extra income. I think some people have managed to become successful traders from crypto trading, airdrops (although not always profitable), marketing and others.

First build your reputation. It doesn't matter you are going to do the work for the good guy or bad guy. Good guy can make big income with high reputation, bad guy such as hacker also has to earn high reputation to earn big income. But not try to cheat your employer, you would not earn much by cheating. Nobody want to hire any hacker who broke his promise. Of course if you are very good at scamming, and have high reputation on scamming information, you would also earn a lot of income from crypto.

I suppose that it's possible to earn only by crypto if you are a developer of crypto projects, or in a team of programmers and engineers, as for holders with no specific knowledge in technological aspect its quite hard to make up enough money, especially now, since the price changes can't make up fast money, and even a little fast income is strongly needed for basic needs.

My answer to your topic head is No, you cannot earn from cryptocurrencies. Cryptocurrency is a digital currency and not an employer and literally cannot pay you. If you offer whatever services you’ve got to offer and get paid in cryptocurrency, you’re earning from your services rendered and getting paid in and not from cryptocurrencies.

Cryptocurrency(bitcoin in my opinion)is seemingly the most preferred option of paying for goods and services rendered cause of the ease of transaction and of course the convenience of having to do without a third party in the entire process.

So if you’re asking if you can earn in cryptocurrencies for your services, then yes. You could offer whatever service you could do online and you could get someone that’s willing to pay for your services. And what better and faster way to get paid from someone a million miles away than to get paid in bitcoin. You won’t have to wait for any third party to “verify” your funds before releasing them to you.

Perhaps you had meant trading?

I only make crypto as additional income and crypto is very promising additional income and also very profitable, but it all depends on the coin and strategy used.
because i already have a steady income from my job so i choose bitcoin for my extra income, and i do it for long term because i think it is the right choice for my future and besides i can avail significant increase to take profit.
and that is a very good side income when I really need it and also for my future, and without doing it with effort, thought and time.

I mostly participate in campaigns here in the forum to try to help the other sources of income I could have in real-life or as a freelance artist on the internet.
Ideally, I would love to be a professional trader, capable to living off it, but realistically it takes much time and some natural skills to overcome the feelings which lead to people to close losing positions.

In my eyes, one should be very careful when comes to considering crypto currency as main source of income and analyze if one's situation is stable enough in the long term,  so we do not have to face times without work.