Earning Bitcoin is good, but don't depent on it. - page 3.

joromz1226

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Quote from: samcoin on January 12, 2019, 04:30:37 PM

Bitcoin and other crypto coins are know as volatile assets, but the problem is that big part of people who work in the crypto space aren't educated financially, and a lot of them are young, hence don't have good experience. I think it is helpful for crypto enthusiasts to witness bad times like this, so that they know crypto couldn't be in uptrend forever, therefore they have to find multiple sources of income.

I agreed on this answered of yours dude, that's problem of the majority people here they are lack of knowledge and no wonder why lots of them always turned into lost of their investment/capital. So at least with this kind of scenario they will realize and find out what they are going to do when they are in the actual market platform.

pant-79

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I think that there is nothing wrong your earn completely dependent on crypto (but I think it's always better to diversify your investments). If a person is a professional in crypto trading, he can earn money both in a bull market and a bear market (although often such people trade not only crypto, but also stocks, securities, fiat currency, etc.).
If you not a professional, it’s not the best option to make your primary choice of how to earn money only in the direction of crypto. So listen to the advice of the author of the post.

Daniel91

legendary

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I agree, good advice.
In fact, never invest any money in the market or trade which you can't afford to loose.
It's very simple logic, really.
Any market comes with risk.
It was nice to see btc price jumping very high in the recent years but it was naive to expect that such trend will last forever.
Much better strategy is to cash out profit and play with the rest of money.

Tagus45

copper member

Activity: 275

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Bitcoin can indeed provide decent results and can greatly help to meet needs or maybe to increase wealth and therefore many people who prefer crypto than real work. But for me it can't be dependent on crypto because I think it's risky and because of that I still need real work to meet my needs.

andieoke

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In my opinion, even though we have made a lot of money from Bitcoin, we do have to keep having the main job. So that whenever there is low volatility in Bitcoin we still have a strong grip. It's true, bitcoin can generate quite a lot of money in great value, but bitcoin also has a very high risk. if I'm private, I make this bitcoin a side job to get extra money. so I don't depend too much on Bitcoin.

Belec

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★777Coin.com★ Fun BTC Casino!

I agree, people easily give up the crypto currency, it should not be so easy to give up because, as you said, there are many ways to earn bitcoins, for which you do not need to invest, if people just put it aside and fill up your wallet, maybe the percentage of loss of bitcoin was smaller and significantly higher percentage of winnings. But I do not think this modern world looks the same way. People no longer have patience and do not think about the future, so there are big problems that lead to loss. And the bitcoin should be viewed as a passive income, that is the only way to be satisfied with the money we get at the end, do not dare to make decisions such as: "I'll buy this from bitcoin until it's completely gone", "take advantage bitcoin maybe on you will not have anything at all, "the majority of the cases are, and then they complain that they have not saved bitcoin.

marjil

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Quote from: reisuke24 on January 11, 2019, 07:45:09 AM

yep. you cant depend all stuff just on bitcoin.
actually, if you success and make much profit on this case, you can build your own factory, to produce your own profit and not depend on bitcoin. because, bitcoin its not hold on fotlr long time. sometimes they will down and in that time, you have the other leg to walk

What do you mean by building your own factory? Are you saying that you would do this to set up a mining facility to be able mine bitcoin? Either way that is also an equally risky strategy.

conected

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Quote from: H1N1 on January 14, 2019, 09:21:25 PM

Exactly, we can earn bitcoin which is good, but relying only from bitcoin and cryptocurrency alone won't sustain for long.
I always think that my income from crypto is only a side job for me, and i have to depending on other incomes as well.
If you do this, even the market continues in bear condition, you won't be affected too much.

- Exactly, although everything Bitcoin can bring is very good for us, but the stability and earning every day with it is a very difficult thing because the nature of this market is unstable, we can not eliminate this instability when it is a necessary condition for people to make money, and the risk of this instability is too big, so we can't rely entirely on bitcoin or this market. Dependence makes us very dangerous and faces many problems in life the most obvious evidence is that as you say, the bear market, dependence makes us face this bad situation, if we do not work, we will not have money but if we work, risk also makes us lose money

Othuke

newbie

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It is hard to say if anyone completely depends on Bitcoin for a living. Nevertheless, every worthwhile achievement comes with some level of risks. If one is bold enough to risk quite a lot, chances are he would profit substantially from Bitcoin trading, mining etc. If one allows fear to subdue him, he may not do enough to profit enough from Bitcoin. So, there; the choice is ours! If everybody is fearless in investing in Bitcoin, the crypto space would have been much more better.

lhadygreen

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I believe whoever on this forum somehow he is connected with crypto-currency. And all crypto-currency surrounded by Bitcoins. There's a lot of ways to earn bitcoin, in trading, gambling, lending, bounty and so on. This is great opportunity that Bitcoin can give us many ways to earn from online.

As I observed, few people left their job than people depends their luck and life on Bitcoin. Most people in this org thought that Bitcoin will make them millionaire. That's not wrong, it will happen one day. But totally depending on it, that's impossible. It will be wrong if we think that the market will always goes up and give us profits.

I suggest, earn bitcoin as much as you want but never depend on it. Consider it as one of your investment and a passive income. Never quit on your job or to whatever business you have. In trading, you must be realistic and at the same time, be positive.

Teamfearless

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You are Totally right , Some of just we must all our trust in bitcoin believing that we will get our financial freedom via bitcoin ? One of my friend quit his job believing that he was going to become millionaire in bitcoin last which never happens , I sold my property to invest in bitcoin and other Crypto which i can tell you i have lost more that 80% of it value right now .. but this does not mean bitcoin is bad its good but there should never go all in ..

deppil

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Quote from: ?? on ??

Quote from: H1N1 on January 14, 2019, 09:21:25 PM

Exactly, we can earn bitcoin which is good, but relying only from bitcoin and cryptocurrency alone won't sustain for long.
I always think that my income from crypto is only a side job for me, and i have to depending on other incomes as well.
If you do this, even the market continues in bear condition, you won't be affected too much.

Relying to earn money from bitcoin is a big mistake. Those who rely to earn profit from bitcoin are most the people who always experiencing losses due to their greediness.

I think it's wrong thinking mate, actually I have worked in the crypto business for 2 years, and I depend on income in crypto, and the proof that I can survive to this day even has a considerable amount of money from crypto income, Don't always think about negative things, you won't develop if you only think negatively mate, just do it! just work!

H1N1

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Exactly, we can earn bitcoin which is good, but relying only from bitcoin and cryptocurrency alone won't sustain for long.
I always think that my income from crypto is only a side job for me, and i have to depending on other incomes as well.
If you do this, even the market continues in bear condition, you won't be affected too much.

Harley29

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Activity: 490

Merit: 100

Quote from: ?? on ??

Yep i think you are righ at this prices its very problematic in crypto and people who liveaved their jops didnt even imagine there is 2018 with such a bear market and even 2019 started with it.

It’s not good to leave your jobs for bitcoin because it’s not required. It’s good thing that we can carry bitcoin along with our job and it gives us double earning faster than any other job. I am earning since long and I never lose anything but I only wanted to increase my investment as I had such wonderful experience and it improves my life very much.

entebah

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Yes, for bounty hunters like me, of course, it really depends on the price of Bitcoin, because if the price goes up, I will get a profit, but if like now the price of Bitcoin is going down very deep, so my income is no longer what it was, and I'm not I want to depend on Bitcoin, I will focus on other businesses.

wewe123

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Quote from: ?? on ??

I will depend all of my earning and earn money at bitcoin, I don't care about people always said bitcoin is not forever give your profit and have looking other passive income source, I will focus until bitcoin is die and do not have investor.

It will depend on every individuals who are joining bitcoin investments , some of the holders of coins made it as an income for life , but others made it as additional income aside from their current income , so it really depends on how treat your ivestment in bitcoin.

Ezenwanyi1

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Activity: 308

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Veil

I agree completely with your assertion that people should not depend wholely on Bitcoin for obvious reasons.
Like me, I have a 9-5 job and I still do bitcoin, but doing it as a part time job .
The thought of leaving my job for bitcoin has never crossed my mind ,so I don't understand why people should leave their jobs because of bitcoin.

Altero

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Quote from: iMark on January 13, 2019, 02:26:54 AM

Quote from: Dewi Aries on January 12, 2019, 06:35:19 PM

Quote from: iMark on January 12, 2019, 01:01:57 AM

Quote from: Dewi Aries on January 11, 2019, 09:46:42 PM

Quote from: Altero on January 11, 2019, 05:26:46 PM

Quote from: bigbosma on January 11, 2019, 04:25:35 PM

I understand what everyone has such hopes for profit with the help of bitcoin - everyone wants to leave a boring job in the office and earn on the Internet. But bitcoin is not the best option because of its high volatility, unfortunately.

It's market volatility and price stability makes this thing to be unpredictable future which people have worried about. Crypto line job isn't for long term opportunity, it only be consider as a part time offer. If you are having a stable job, you better take care of it cause shifting into bitcoin is not a good choice.

But we still can see someone very confident to leave their job and focus on bitcoin, and now they become jobless and get worse with crypto condition like this. For us who not late to know it, it is better to learn that leave real job is bad idea.

because the concern is not currently on steady income every month, but you can make a big income. and bitcoin provides that opportunity? so why not?
moreover many people has become full time traders and he succeeded because of that?

For who really serious is good thing and they can make big income, but for others who only get hype because of that it will be bad for them, especially if they only think about big money in short time without any skills.

Yeah there's nothing wrong in pursuing this business, using their skills can generate profits after all. no luck is at stake ?
so it doesn't matter to just focus on crypto job, diligently what is your passion dude!

Some traders will become successful because they passion as well as their dedication into crypto, but how about the others? Does they have passion and skill? I don't think so.
This is the reason why many were losing from trading and it's thinking for instant profit which couldn't be happen. Hope they think it before doing anything.

iMark

sr. member

Activity: 1162

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Quote from: Dewi Aries on January 12, 2019, 06:35:19 PM

Quote from: iMark on January 12, 2019, 01:01:57 AM

Quote from: Dewi Aries on January 11, 2019, 09:46:42 PM

Quote from: Altero on January 11, 2019, 05:26:46 PM

Quote from: bigbosma on January 11, 2019, 04:25:35 PM

I understand what everyone has such hopes for profit with the help of bitcoin - everyone wants to leave a boring job in the office and earn on the Internet. But bitcoin is not the best option because of its high volatility, unfortunately.

It's market volatility and price stability makes this thing to be unpredictable future which people have worried about. Crypto line job isn't for long term opportunity, it only be consider as a part time offer. If you are having a stable job, you better take care of it cause shifting into bitcoin is not a good choice.

But we still can see someone very confident to leave their job and focus on bitcoin, and now they become jobless and get worse with crypto condition like this. For us who not late to know it, it is better to learn that leave real job is bad idea.

because the concern is not currently on steady income every month, but you can make a big income. and bitcoin provides that opportunity? so why not?
moreover many people has become full time traders and he succeeded because of that?

For who really serious is good thing and they can make big income, but for others who only get hype because of that it will be bad for them, especially if they only think about big money in short time without any skills.

Yeah there's nothing wrong in pursuing this business, using their skills can generate profits after all. no luck is at stake ?
so it doesn't matter to just focus on crypto job, diligently what is your passion dude!

Kez1817

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You're right. Earning bitcoin is good,but don't depend on it and that is because of higher volatility of bitcoin. We don't when it fall and when it grow or like the year 2018 that bitcoin stay in the lowest price and wr don't know when it rise. We can't have proper income specially if we only have little amount to invest in bitcoin. Much better to have other work asude from cryptocurrency.

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