Topic: Earning Bitcoin is good, but don't depent on it. - page 11. (Read 23609 times)
I agree with you that we should only treat it as a secondary profession, not to become dependent on it. When you choose it as the main job, it will really be your source of life. If you can't make money from it, everything will become really desperate.
Most of the traits of a person are quickly satisfied when he gets something that has been targeted but he does not think about the future must be passed by his life. A person only focuses on the work he is doing and their future affairs are only left to time and never to design his life. I agree with what you say, when someone depends on his day's income from bitcoin I am sure they will be miserable when faced with a bear market condition. I have a friend and he decided to focus on cryptocurrency in 2017 and leave his job because he reasoned that the crypto currency beat his income per month, but what happens now is he is busy looking for work again, that is very unnatural.
Yes you are correct. We should not depend on bitcoin alone because this crypto market is not predictable and we can become millionaire in 1 night but this is very rare case and there are people lost huge value from bitcoin so be cautious and don't depend on crypto coins. Do some work and keep crypto as part time so that you will not suffer a lot and lost confidence on crypto market.
It is absolutely right that who fully dependent on it, he is great fool. My opinion is don't depend on bitcoin.You can take it like a part time job.
Dude... You guys are talking about depending on "Bounties" - That has nothing to do with depending on BTCBTCBTC
Don't be a bum bitcoin bounty dumpster diver and expect to find a shiny new lambo
Bitcoin is up over 1000% in 2years. Most traders made some serious money last year and hopefully saved some for the bullish times.
Most of the traits of a person are quickly satisfied when he gets something that has been targeted but he does not think about the future must be passed by his life. A person only focuses on the work he is doing and their future affairs are only left to time and never to design his life. I agree with what you say, when someone depends on his day's income from bitcoin I am sure they will be miserable when faced with a bear market condition. I have a friend and he decided to focus on cryptocurrency in 2017 and leave his job because he reasoned that the crypto currency beat his income per month, but what happens now is he is busy looking for work again, that is very unnatural.
I believe whoever on this forum somehow he is connected with crypto-currency. And all crypto-currency surrounded by Bitcoins. There is lot of way to earn bitcoin like trading, gambling, lending, bounty and so on. This is great opportunity that Bitcoin give us many way to earn from online.
I have seen few topic on forum lately that few people's are want to leave crypto-currency due to continue bear markets. They are finding job or whatever. That's why my topic title is earning Bitcoin is good, but don't depend on it since most of we are not whales.
Beginning of 2017 people's was happy up to end of year. Few people's left his job as far as I know only by depend on Bitcoin. The thought was Bitcoin will make them millionaire. That's not wrong it will happen once a day. But totally depend on it is sign of stupidity. It will be wrong if we think that market always will up trend and give us profits. Those are totally depend on online earning like bitcoin, downtrend is damn for them. In a result they loss their patience and sell coin on loss especially traders.
I would like to suggest earn Bitcoin as much as you can but don't depend on it. Just consider it as a passive income. Just continue your job or whatever your business. On the other hand earn from online and hold it until bull run on your appropriate targets. Then you will not panic and you will not be in loss. Most of traders loss due to panic sell and panic buy. So keep patience and continue your earning, spread the word about Bitcoin. Attract new investors on crypto industry. Think positive and be positive.
My intention to motivate people's who have losed their hope on crypto. The main reason is who are thinking to leave crypto they was totally depend on it. Which is wrong in my opinions.
I have seen few topic on forum lately that few people's are want to leave crypto-currency due to continue bear markets. They are finding job or whatever. That's why my topic title is earning Bitcoin is good, but don't depend on it since most of we are not whales.
Beginning of 2017 people's was happy up to end of year. Few people's left his job as far as I know only by depend on Bitcoin. The thought was Bitcoin will make them millionaire. That's not wrong it will happen once a day. But totally depend on it is sign of stupidity. It will be wrong if we think that market always will up trend and give us profits. Those are totally depend on online earning like bitcoin, downtrend is damn for them. In a result they loss their patience and sell coin on loss especially traders.
I would like to suggest earn Bitcoin as much as you can but don't depend on it. Just consider it as a passive income. Just continue your job or whatever your business. On the other hand earn from online and hold it until bull run on your appropriate targets. Then you will not panic and you will not be in loss. Most of traders loss due to panic sell and panic buy. So keep patience and continue your earning, spread the word about Bitcoin. Attract new investors on crypto industry. Think positive and be positive.
My intention to motivate people's who have losed their hope on crypto. The main reason is who are thinking to leave crypto they was totally depend on it. Which is wrong in my opinions.
Yes depending upon the only money making where will be Bitcoin is not a good idea because Bitcoin is unstable we cannot do anything against the value it can go either up or down on the time it will not helpful for us that's why we are saying don't trust only Bitcoin make some other where money making it will be helpful it the future.
I believe whoever on this forum somehow he is connected with crypto-currency. And all crypto-currency surrounded by Bitcoins. There is lot of way to earn bitcoin like trading, gambling, lending, bounty and so on. This is great opportunity that Bitcoin give us many way to earn from online.
I have seen few topic on forum lately that few people's are want to leave crypto-currency due to continue bear markets. They are finding job or whatever. That's why my topic title is earning Bitcoin is good, but don't depend on it since most of we are not whales.
Beginning of 2017 people's was happy up to end of year. Few people's left his job as far as I know only by depend on Bitcoin. The thought was Bitcoin will make them millionaire. That's not wrong it will happen once a day. But totally depend on it is sign of stupidity. It will be wrong if we think that market always will up trend and give us profits. Those are totally depend on online earning like bitcoin, downtrend is damn for them. In a result they loss their patience and sell coin on loss especially traders.
I would like to suggest earn Bitcoin as much as you can but don't depend on it. Just consider it as a passive income. Just continue your job or whatever your business. On the other hand earn from online and hold it until bull run on your appropriate targets. Then you will not panic and you will not be in loss. Most of traders loss due to panic sell and panic buy. So keep patience and continue your earning, spread the word about Bitcoin. Attract new investors on crypto industry. Think positive and be positive.
My intention to motivate people's who have losed their hope on crypto. The main reason is who are thinking to leave crypto they was totally depend on it. Which is wrong in my opinions.
You made a great point! I have seen few topic on forum lately that few people's are want to leave crypto-currency due to continue bear markets. They are finding job or whatever. That's why my topic title is earning Bitcoin is good, but don't depend on it since most of we are not whales.
Beginning of 2017 people's was happy up to end of year. Few people's left his job as far as I know only by depend on Bitcoin. The thought was Bitcoin will make them millionaire. That's not wrong it will happen once a day. But totally depend on it is sign of stupidity. It will be wrong if we think that market always will up trend and give us profits. Those are totally depend on online earning like bitcoin, downtrend is damn for them. In a result they loss their patience and sell coin on loss especially traders.
I would like to suggest earn Bitcoin as much as you can but don't depend on it. Just consider it as a passive income. Just continue your job or whatever your business. On the other hand earn from online and hold it until bull run on your appropriate targets. Then you will not panic and you will not be in loss. Most of traders loss due to panic sell and panic buy. So keep patience and continue your earning, spread the word about Bitcoin. Attract new investors on crypto industry. Think positive and be positive.
My intention to motivate people's who have losed their hope on crypto. The main reason is who are thinking to leave crypto they was totally depend on it. Which is wrong in my opinions.
Earning bitcoin is good and should be viewed as another source of income,
Diversity is key, is not a bad idea to invest in other sectors as well.
It's a creative thing to do.
Great words Coolcryptovator.
I agree with you, to earn in bitcoin is great, but it shouldn't the only income source because volatility can give us some good times but nasty times too. I have 2 jobs who pay me in bitcoin and one job who pay me in my local coin, I try to divide because if I only got an income in bitcoin it would be a hard pain every time the price goes down. Let's play it starn and avoid putting all the eggs on the same basket.
I agree with you, to earn in bitcoin is great, but it shouldn't the only income source because volatility can give us some good times but nasty times too. I have 2 jobs who pay me in bitcoin and one job who pay me in my local coin, I try to divide because if I only got an income in bitcoin it would be a hard pain every time the price goes down. Let's play it starn and avoid putting all the eggs on the same basket.
The problem is that many members really thought that they can just look at bounties as their major source of income. Specially when crypto boom in 2017, we will see a lot of thread asking for advises if they can focus on crypto and leave their regular jobs because they are making huge money in trading or even in bounties. And I'm sure majority of them made that unforgettable decision, because we have seen by now the hardships and difficulties of 2018 and I wonder how are they going to provide food for their families? So it's a hard lesson, yes, crypto might be good and giving us money, but there is a big risk involved and we can say that it really works in cycle.
You are right, bitcoin can provide benefits but if we make a wrong decision then it will be a loss, and because it depends too much on the benefits of bitcoin it will be a risk.
i support what you said, earning bitcoin is good. the only issue is that so many people have made it a source of living forgetting it is volatile and anything can happen to the price at any given time. it is also prone to hacks as hackers can steal your money online at any point in time. we shoud not indeed depend on bitcoin for living as it is unpredictable currently.
Personally after I gain some profit, I spend on something else ( gold or dollar ) so when I loss on crypto, I'm not loss 100%
Learning capital management is important and I'm usually read the book about it to make me easier to understand how it's work !
Learning capital management is important and I'm usually read the book about it to make me easier to understand how it's work !
I'm practicing this method now. The profit I made with HODL before, then disappeared. But I've been converting some of my profit over the past few months into USD. So I can't get my capital back. Then I plan to expand my investment in the same way.
Personally after I gain some profit, I spend on something else ( gold or dollar ) so when I loss on crypto, I'm not loss 100%
Learning capital management is important and I'm usually read the book about it to make me easier to understand how it's work !
Learning capital management is important and I'm usually read the book about it to make me easier to understand how it's work !
Earn bitcoin is could be good as source income but too risky if we don't have other jobs because as you can see bitcoin quite unpredictable even so if we only depent on it but some of people still dare to full time for bitcoin even they're already being an profesional traders and can make living from bitcoin trading however it all back again to people choice
of course, bitcoin for me is just a side job that I can do part time behind my main job. If you only rely on bitcoin, maybe we will cry when prices drop like now, be wise in making decisions
Whoever depends solely on bitcoin does so at a risk, in 2017 there are several people who thought bitcoin will continue to pump thus threw in everything into it including leaving their daily jobs of course it boomeranged at the end now the prices of Cryptos had dropped although some people from third world countries do earn bitcoin for a living due to bad economy and corrupt government of their country.
One should always remember about significant risks to keep huge amounts in cryptocurrency. I prefer to periodically withdraw my profit from cryptocurrency to regular currency. Although this reduces the amount of profit, but increases the reliability of this activity. We believe in cryptocurrency, but precautions do not interfere.
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You are absolutely right! Last year a lot of people did this mistake! Some people sold their car, lands to buy bitcoin to hold! and now they are regretting every day! I always suggested my fellows to support crypto not to depend on it! Earn from bitcoin and try to make something in offline, take crypto trading as optional income source! One of my elder brothers heard me, and he builds a medicine shop! Now, he is very happy and he doesn't care about the market fallen! And he becomes a full day trader!
Your definitely right , what i do on the earnings i recieved from this forum is i started a small business, bought a piece of land where i can plant crops to sell on the market.
People who are dependent on bitcoin are usually people who haven't worked in the real world or do not have a primary job. Then Bitcoin is used as a permanent job for those who haven't worked to fill their daily activities. For people who have a main job, Bitcoin is usually used as additional income or second income. So I think someone's situation that affects depends on bitcoin or not.
I think it's too risky to rely solely on the benefits of bitcoin, unstable prices make it difficult to get a fixed nominal profit, and I consider it an alternative job.
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