Can I make a decent living by selling BTC on localbitcoins.com?

nunzio2012

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Quote from: TuxRider01 on December 20, 2017, 07:24:31 PM

I'm seriously considering doing this part-time and maybe full-time later. So is it possible to make a decent living out of this?

It would nice if you can share your overall experience with us. Any advices and link to good ressources about this will also be welcome. Thank you!

* If you prefer to talk about this is in private, you can also PM me.

Yes, you can. I was full time localbitcoiner at some point but then I was called at police and tax offices to answer questions about AML, all transactions, etc. At one point it stopped worth it.

The conclusion is - check your local laws about AML before start.

jtipt

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Quote from: TuxRider01 on December 20, 2017, 10:19:02 PM

Quote from: civilufo on December 20, 2017, 10:14:54 PM

Do you mean trading at localbitcoins? If so, if bitcoin keep climbing, then yes.

I mean selling bitcoin at a profit on the platform and maybe other kind of trade. I don't have checked what is possible but I could also be interested to buy at a profit and maybe trading alt coins. I will check that more in details this week.

So basically making an living based on bitcoin and altcoin trading. Well it's possible, but you have to be good at trading. But you wouldn't be able to this unless you have large enough capital and can afford to lose some at the beginning.

TuxRider01

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Quote from: civilufo on December 20, 2017, 10:14:54 PM

Do you mean trading at localbitcoins? If so, if bitcoin keep climbing, then yes.

I mean selling bitcoin at a profit on the platform and maybe other kind of trade. I don't have checked what is possible but I could also be interested to buy at a profit and maybe trading alt coins. I will check that more in details this week.

civilufo

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Do you mean trading at localbitcoins? If so, if bitcoin keep climbing, then yes.

TuxRider01

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Quote from: gentlemand on December 20, 2017, 09:56:21 PM

What country are you in?

The country you're in might make the difference between prospering or doing ten years in jail.

You might live somewhere with friendly banks or banks that'll freeze you out and shut you down in a few days.

I prefer not disclosing publicly my country at this time but I checked on localbitcoins and a few traders are accepting bank deposit at any local branch where I'm living. So I guess I would not have a problem with that. But before opening a account for that, I guess I will double check with the bank to be sure that they are OK with that.

gentlemand

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What country are you in?

The country you're in might make the difference between prospering or doing ten years in jail.

You might live somewhere with friendly banks or banks that'll freeze you out and shut you down in a few days.

mk4

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Sure. Some dude in my country has active offers on localbitcoins whereas he buys any amount of bitcoin with a low price and sells bitcoins at a drastically higher price. His prices are very bad but he's sort of trusted and has high reputation so people buy from him anyway.

traderethereum

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Quote from: TuxRider01 on December 20, 2017, 07:24:31 PM

I'm seriously considering doing this part-time and maybe full-time later. So is it possible to make a decent living out of this?

It would nice if you can share your overall experience with us. Any advices and link to good ressources about this will also be welcome. Thank you!

* If you prefer to talk about this is in private, you can also PM me.

you can do this part-time if you have another thing in your real life and if you don't have another job in the real life then you can do this for full-time. many of us have been involved in cryptocurrency as their side job and once they can earn bigger than their job, they decide to leave their job and only focus on cryptocurrency. I don't have any link to the resource but you should find it by yourself and try with careful. I think in the end if you can stay focus in localbitcoin, you can earn more money for living.

TuxRider01

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I'm seriously considering doing this part-time and maybe full-time later. So is it possible to make a decent living out of this?

It would nice if you can share your overall experience with us. Any advices and link to good ressources about this will also be welcome. Thank you!

* If you prefer to talk about this is in private, you can also PM me.

Topic: Can I make a decent living by selling BTC on localbitcoins.com? (Read 115 times)