Earning Bitcoin is good, but don't depent on it. - page 7.

MFahad

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Quote from: - ESPERS - on January 10, 2019, 04:08:00 AM

I think there will come a time when people who have dedicated themselves to the crypto market in the past will be able to make cryptocurrency a full-time job. At the moment, it is risky to try to earn your existence only from cryptocurrency. The market is fluctuating, but I think Bitcoin will be a means of payment in many countries around the world and its fluctuation will not be so great anymore. I hope that in the future and ICO SCAM or projects without potential will be quickly removed, and efficiency on the crypto market will be better.

Well, many people have made trading their full time job and they are doing it successfully. Trading with bitcoins/altcoins is not scam at all but the thing is that you are fully skilled before you start this. Also note that earning with bitcoin is far better as the prices tend to rise quickly and you can get a lot of money for your earned coins.

VitKoyn

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What op said is true, a lot of people (especially from year 2017 which is the best year of cryptocurrency market) chose to just quit their day jobs to make money from trading or investing on Bitcoin/altcoins, which is not an ideal thing to do. It is true that we can make huge profits from cryptocurrencies but the market is highly volatile that we can also lose huge amount of our investment in a minute. If the market crashes and your only source of income is from Bitcoin then how will you pay for all of your expenses. But the truth why some people rely to this is because of thinking that earning money is easy which is wrong, you have to work hard for it and don't become a lazy person just waiting for the crypto market to rise.

jointherevolution

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A correct opinion. I find that it is better to have multiple sources of income and your investments must be varied too. Bitcoin will take off no doubt, but it never hurts to cover all te bases and have something to get back to when it drops as it happened last year.

DevilSlayer

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That is one of the problems of the investors, they see the bitcoin as investment for them to earn profit. They keep depending to the bitcoin for them to earn money. They experience losses because they always thinking that they can earn money from bitcoin.

YuKiang

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Bitcoin can not be the main income, because it is not predictable. Anyone who thinks about his future should find a permanent job with a stable income. Cryptocurrency is just an extra income or hobby.

PlusOne88

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I would agree on the idea that there are no real millionaires in just a day, and that everything could not just happen in just a setting but honestly not to disappoint anybody here, there are persons whom I have known that really had made a fortune on cryptocurrency and are among the lucky ones. Yet as said it does not guarantee that everybody will become millionaire. There are no real shortcuts for being a millionaire. You need to perspire to inspire others. Everything should come from hard work and perseverance.

kalel18

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Yes you are right, we might earn a lot of coins and convert it to money and make our lifestyles change but theres a ending if the market bearish and all the coins dump. We need a true job that can help us our daily needs to support and for our family. Bitcoin crypto currency is just like a extra job to have a extra eranings because someday will change everything.

- ESPERS -

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I think there will come a time when people who have dedicated themselves to the crypto market in the past will be able to make cryptocurrency a full-time job. At the moment, it is risky to try to earn your existence only from cryptocurrency. The market is fluctuating, but I think Bitcoin will be a means of payment in many countries around the world and its fluctuation will not be so great anymore. I hope that in the future and ICO SCAM or projects without potential will be quickly removed, and efficiency on the crypto market will be better.

Seeker#9

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Having a job is better than depending on cryptocurrency earning alone because job provide you stable income throughout the years. If I want an extra income then I buy bitcoin abd some altcoin for lobg term investment. But if you are full-time and dedicated cryprocurrency trader, your whole time will be on trading alone and its means your income depends on cryptocurrency trading because you have no time for job.

btcdevil

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I totally agree with OP as i myself was totally depended on Cryptocurrency and this forum, but before 6 months i realised that it is totally foolish to depend on it and it should like part time or long term investment. Today i am happy as i am working for day job and same time i am also working for cryptocurrency. But now cryptocurrency is just my part time and what ever i am earning is i am saving for long term profit for future.

Kakmakr

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We should always remember that Bitcoin is still in a experimental phase and that most of the scaling problems and solutions are still in early implementation phases, so a lot can still go wrong. Bitcoin is also seen by most speculators as a high risk investment and these markets are reportedly manipulated by a few whales. Roll Eyes

Do you really want to give up your day job for something that are highly experimental? Huh

TimeBits

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Re: Earning Bitcoin is good, but don't depent on it.

depent is that a word?

ethereumhunter

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We need to open mind for something else around bitcoin and we can see that altcoin can be another option for us to diversify our investment. I don't depend on bitcoin only because I don't have much bitcoin to trade and make a profit. But I have many altcoins in my wallet, in many exchanges, and it can help me to survive in the crypto. And if I can earn much money from crypto, I will try to create a real business in my real life so I can have two sources income to make money.

auliasilvana

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If it depends on bitcoin it is indeed a mistake but if successful, it can be for other real efforts so that this provides multiple benefits and can be profitable too. I don't blame people who depend on bitcoin because this is also a pleasure or a hobby to collect coins. We have the right to get bitcoin according to our skills and expertise, so we will be able to read the market situation and be able to determine when we live and survive.

Dewi Aries

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Quote from: beatzcoin123 on January 09, 2019, 09:47:54 PM

depending fully on crypto currency as a means of livelihood is a wrong decision, like the author likely said, its good to earn bitcoin and crypto currency through the various means possible, but depending solely on it as a means of living will result in emotional disorder in times of a bearish market like we are currently in now.

Everyone in this world must have strategy in their life. Life who only depends on crypto i think is totally wrong, and like you and other else in here might be agree with it. We must have real job with fixed salary to keep maintain our life.

Kakawate

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Quote from: The Cryptovator on January 08, 2019, 09:23:34 AM

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 agree, I think that the whole idea of having cryptocurrency is good, and making profit out of it is really helpful, I have heard and seen how people earned money through cryptocurrency in no time, but I have also seen how those people lost a lot of money as well. Relying on one source of income is not enough, we should be having and taking every opportunity that comes in our way, let us not depend on one source only.

beatzcoin123

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depending fully on crypto currency as a means of livelihood is a wrong decision, like the author likely said, its good to earn bitcoin and crypto currency through the various means possible, but depending solely on it as a means of living will result in emotional disorder in times of a bearish market like we are currently in now.

mich

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Never is it a good idea to reply 100% on Bitcoin earned to be your only income.
If you depend on Bitcoin, you might be in a lot of trouble if you can't find work related to Bitcoin.
I find myself earning Bitcoin from small side projects as a way for extra spending money.

kramchers

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Quote from: The Cryptovator on January 08, 2019, 09:23:34 AM

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.

ALL GOOD ON THIS POST, THIS IS 100 PERCENT TRUE.

Doing job on this forum or joining bounty hunting is a good thing but never depend your whole life here.
Bounties are not made for quick money, sometimes we need to wait more than 3 month or even half year.
We should have the money we need to support life especially if we are a family man.
The earning here is really superb but we need to wait long for that.

Ziskinberg

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Earning it is good but focusing to it gives you a risky journey.

Stick to your job as that provide security especially if you are a family man where you have children that depends on you, it's hark to gamble their future in bitcoin although it gives a possibility to change our financial status.

Being a matured man, you should analyze what you are taking, if you focus with bitcoin, make sure to save when you can sell for a profit because not all the time the value will be stable or increase, take it for example on what happen last year, market dump and it causes panic, so if you have already save when it pump in 2017, you will be able to sustain your life in 2018 without panicking.

Topic: Earning Bitcoin is good, but don't depent on it. - page 7. (Read 23609 times)