Earning a living with bitcoin? - page 73.

Mastsetad

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Quote from: phreaky on June 22, 2016, 04:13:14 AM

Earning a living with Bitcoin is possible but that means that you will have to make so much money with just Bitcoin to pay the things you need to pay.
So it is not possible for everyone you need to have money in order to do so.

You will have to have money to do that, and if you don't have money then you must have some special skills, because these are the only ways that can earn you a living with bitcoin.
Do trading if you have money, or sell your services if you have skills.

nururochac

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Quote from: Sled on June 21, 2016, 12:58:44 AM

Quote from: biggbox on June 19, 2016, 06:35:48 AM

If I had bots running on 6 major exchanges and I profit 10 to 20 cents from each trade, and complete at least 300 trades every 24 hours, I could be potentially earning $180 each day. That will be $5400 a month! Unregulated and 24/7. Good deal

Wow that's awesome i hope that i can do that also but now i do not have any idea or knowledge on how to get bots and how to use them

.

I think a simple way of learning Java will already give you knowledge how to make a bot that can be used for trading.

Icathia

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Quote from: maudevang on June 22, 2016, 04:56:49 AM

Quote from: phreaky on June 22, 2016, 04:13:14 AM

Earning a living with Bitcoin is possible but that means that you will have to make so much money with just Bitcoin to pay the things you need to pay.
So it is not possible for everyone you need to have money in order to do so.

That means that it is not possible for everybody to be able to make a living out of the Bitcoin yet.
I think that this is going to change in the future when the price is going to be higher.

Most people will use bitcoin for payments in the future. Not to make a living out of it.
Just look at creditcards or paypal. How many people make a living out of that?

So is my plan. Enjoying bitcoin but for my salary i depend on my job.

maudevang

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Quote from: phreaky on June 22, 2016, 04:13:14 AM

Earning a living with Bitcoin is possible but that means that you will have to make so much money with just Bitcoin to pay the things you need to pay.
So it is not possible for everyone you need to have money in order to do so.

That means that it is not possible for everybody to be able to make a living out of the Bitcoin yet.
I think that this is going to change in the future when the price is going to be higher.

Betwrong

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Quote from: MTBTT on June 21, 2016, 01:33:43 AM

I think for now living in bitcoin not support yet as many stores still refuse to use bitcoin as an additional payment option?
whereas it will not hurt them if they accept bitcoin right ?

Yeah, I think they will understand this in the near future. Meanwile if you have enough Bitcoins and the only problem is that they are not accepted everywhere, that's not really a problem, you can always exchange them.

phreaky

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Earning a living with Bitcoin is possible but that means that you will have to make so much money with just Bitcoin to pay the things you need to pay.
So it is not possible for everyone you need to have money in order to do so.

Cyaren

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Well, earning a bitcoin is definitely possible but it is not very likely right now. There are not very many opportunities out there for you to get a living with bitcoin. There aren't that many companies out there looking for new employees.

But there will definitely be more in the future.

goinmerry

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Quote from: MTBTT on June 21, 2016, 01:33:43 AM

I think for now living in bitcoin not support yet as many stores still refuse to use bitcoin as an additional payment option?
whereas it will not hurt them if they accept bitcoin right ?

I dont get much out of it. But I think you are saying that if your salary are in Bitcoin currency then you cant use it in retail stores when you are buying right? Well you could change it to fiat as a mean of trading to things..

MTBTT

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I think for now living in bitcoin not support yet as many stores still refuse to use bitcoin as an additional payment option?
whereas it will not hurt them if they accept bitcoin right ?

Sled

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Quote from: biggbox on June 19, 2016, 06:35:48 AM

If I had bots running on 6 major exchanges and I profit 10 to 20 cents from each trade, and complete at least 300 trades every 24 hours, I could be potentially earning $180 each day. That will be $5400 a month! Unregulated and 24/7. Good deal

Wow that's awesome i hope that i can do that also but now i do not have any idea or knowledge on how to get bots and how to use them

.

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Quote from: Mastsetad on June 19, 2016, 03:50:00 AM

Quote from: PemburuReceh on June 18, 2016, 03:42:12 PM

I used to live off altcoin trading way back, but quit after the market got sucked dry, now its back, and so am I!

It is really possible to earn a living with altcoin trading if you have a good capital and some knowledge and experience about the market.
There are a lot of people earning a lot of profit everyday from altcoin trading, the thing is they have experience and a capital to invest, nothing else.

Yes, Many people in my local exchange only rely on trading for their living, but at the first time they have a lot of amounts to following into trading, trading is very profitable because you can earn profit for anytime

Maesters1-

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Quote from: daringdiscovered on June 17, 2016, 01:18:26 AM

Quote from: Sniper44 on June 16, 2016, 10:17:07 PM

it is possible to earn a living with bitcoin, you can either switch your salary to bitcoin by receiving it that way or you can do something to get paid or earn bitcoin.

for example if you are a good trader you can make trades wisely and earn a lot of money this way.

But it would be bad if the price of bitcoin drops. Even a 5$ drop is a big effect in our salary if we have many responsibilities. It is good now because its value is continuously going up until halving. I suggest you should receive your salary in fiat and just convert what you can into bitcoin. Because bitcoin's value is very volatile, we can't say how big it will rise or drop.

yes i am agree with you we can get an extra money from bitcoin and cannot consider it as a living. if the rates drops and you lost your investment then what will you do. i think it is best for those who want to invest their extra money, it is also best for those who are wondering in the streets having no job and out of money. they should join the signature campaign from where they can at least earn their pocket money easily. therefore i prefer job for living and bitcoin as a part time job.

maddy123

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Quote from: biggbox on June 19, 2016, 06:35:48 AM

If I had bots running on 6 major exchanges and I profit 10 to 20 cents from each trade, and complete at least 300 trades every 24 hours, I could be potentially earning $180 each day. That will be $5400 a month! Unregulated and 24/7. Good deal

Only a mind thinking but like your opinion. If it become real, then we can live our life very honourabelly. Life become changed. Even can spend for every wish of life.

biggbox

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If I had bots running on 6 major exchanges and I profit 10 to 20 cents from each trade, and complete at least 300 trades every 24 hours, I could be potentially earning $180 each day. That will be $5400 a month! Unregulated and 24/7. Good deal

dezoel

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Quote from: wearepoor on June 19, 2016, 04:16:19 AM

Quote from: PemburuReceh on June 18, 2016, 03:42:12 PM

I used to live off altcoin trading way back, but quit after the market got sucked dry, now its back, and so am I!

It is possible for some time to live with the income generated from bitcoins .But its not possible all the time because there will be a time when the income will be reduced or there will be no income; so it will be very difficult. Its better to consider the income from bitcoins as extra income and make sure that there is also another way of fixed income for your living.

Price is not too high at a moment that we can expect that it can take care of our living, so at this stage its not wise to get full time on bitcoin as it would be too risky.

harizen

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Quote from: sobsitesearch on June 17, 2016, 01:26:14 AM

for me the current job has its advantages against bitcoin.Do your job ,and see at bitcoin an option to get an extra if you wanna try a living from it be sure you need to pay bills all months and cant depend the market up and down to make it happen.

This is what Im talking about why earning a living with bitcoin is not really fits for most of the people, at least in me.

Since you will disregard the bicoin price here, you have to do a bitcoin conversion to fiat in regular intervals to cover your expenses daily, bills monthly and also with your misc expenses.

We are just throwing away some nice profits with the activity like that.

wearepoor

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Quote from: PemburuReceh on June 18, 2016, 03:42:12 PM

I used to live off altcoin trading way back, but quit after the market got sucked dry, now its back, and so am I!

It is possible for some time to live with the income generated from bitcoins .But its not possible all the time because there will be a time when the income will be reduced or there will be no income; so it will be very difficult. Its better to consider the income from bitcoins as extra income and make sure that there is also another way of fixed income for your living.

Mastsetad

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Quote from: PemburuReceh on June 18, 2016, 03:42:12 PM

I used to live off altcoin trading way back, but quit after the market got sucked dry, now its back, and so am I!

It is really possible to earn a living with altcoin trading if you have a good capital and some knowledge and experience about the market.
There are a lot of people earning a lot of profit everyday from altcoin trading, the thing is they have experience and a capital to invest, nothing else.

Cyaren

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It is possible to earn a living with bitcoin however it is probably not a good idea right now. Currently the fiat currency system is still going relatively well, and day jobs will pay more than bitcoin jobs.

So yeah, hang onto your jobs for now.

PemburuReceh

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I used to live off altcoin trading way back, but quit after the market got sucked dry, now its back, and so am I!

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