Topic: Earning Bitcoin is good, but don't depent on it. - page 8. (Read 23609 times)

Of course, no matter how much I want bitcoin to succeed, we can always be wrong or something can happen that ends with the advancement of this technology, so it is never wise to put all your eggs in a basket, if you have a job with a fixed and stable income, that can have much more value than any emerging technology.

I think depending our own income from bitcoin alone brings a lot of risks.The market is so volatile so the price itself changes from time to time.If you have found a stable job already,then don't leave it.You can do trading or joining some bounties and at the same time working in your day job.You will be more profitable of course.But if you are sucked from your own job,then better leave from it and find ways to make a good income in bitcoin.

We can depend on bitcoin of course but it will also depend on your life, if you’re already rich and can afford to depend on one source of income then I’m happy for you, but if you just like me who can’t afford to focus on this better to have your stable job since the profit in this market is not guaranteed. The future of bitcoin is great yes, but we can’t wait for that moment since our family needs the food everyday on the table. Just invest small amount, and in the future if that good things happen, you can be more safe to depend on bitcoin.

Depending and using Bitcoin or crypto in general as one's primary means of income is not a very good move. Unless for students who want passive income while they get done with college and also other members of the populace that wish to use crypto as a means of adding up to their basic income. Bounties these days are not as it were in the past.

I don't think that someone ( except the experts) should totally economically dependent on bitcoin(or crypto). Most of the people want a secure way of income for the minimum requirement of daily life. Depending totally on crypto is nothing but gambling. per time income is the best choice.

My think is right for me,I think I do not fully depends on the Bitcoin asset. Actually Bitcoin give in my Extra income source.even I have to say something moment Bitcoin is the good currency to Eran more money with the crypto world.i know some people getting Bitcoin their organisation online stable business assets.you see as the lot of signature bounty in here,and they are paying bitcoin.so you can getting into Bitcoin your extra jobs for increase your money.

Having bitcoin is good but depending your profit unto it is not a good idea I think. Because, it is volatile. It is still good to depend our profit that has a stable earnings which I think we can get it if we establish a traditional business. But doing bitcoin in the meantime is good only for a sideline income as long as were not getting a big profit in it.

i think if you are an expert person and earning bitcoin now then its your plus point bcz bitcoin is in its early stage.we can dependent on bitcoin bcz its future is good.

You're not wrong it's possible to go full time because not all countries have the same cost of living. Depending on Bitcoin as your main source has it's own risk that's why some prefer to have more ways to earn other than trading,mining,campaigns, etc. I would only do this if you're working for Bitcoin casinos, exchanges or services that are established . Having an rl job is still better imo because you can use that experience to find a new job.

I disagree with you there, because if you've ever read any of the ban appeal threads in Meta, you'll hear all sorts of begging in the form of "plz unban me, my family depend on my earning" and so forth.  Could those statements be lies?  Absolutely, and I remain skeptical and cold in the face of them--but I do think that there are a lot of folks in 3rd world countries who think bitcointalk is a place to work.  And I also believe that if you're earning bitcoin through bounties (and especially if you're employing alt accounts as well), someone in a poor country could earn far more with that than in real life.

That's true, and there are many other reasons why someone should have a job in real life instead of relying on shitty, shady bounties that might not be around for much longer.  You can already see bitcoin-paying signature campaigns are getting rarer, but those altcoin bounties are eventually going to die off.  The market is going to get saturated with this crap and people are going to stop falling for ICOs and their scams, and the devs are going to stop paying people for advertising/translating/social media posts.  You'll see.

Whoa there with the exclamation points.  Those should be saved for special occasions.

I do remember some threads here about people selling their kids' toys, houses, and all of that.  Who knows if they actually lost money, though?  They could have sold in time to make a profit, and I don't think many of those threads were followed up on by the OPs.  It was pure lunacy when bitcoin was approaching $20k, and what's amazing is that people want more of that type of bull market--the kind that's not sustainable.

Man, not even I'm that cynical.  Then again, if and when a Venezuela-type of hyperinflation hits the US I'll come back here and admit that you told me so.  Let's hope that doesn't happen.

The point is make bitcoin as the second priority. Secondly make the stable job as the second priority. We should not misunderstood the difference between bitcoin investment and stable job. There are instances bitcoin will make you down once misconceptions. But everything will be save by stable. The regular profit or salary can save your daily needs in order to survive. Depending on bitcoin is not recommendable.

I agree with this one, and the current situation of Bitcoin nowadays is a living proof of that. We should not live dependently in Bitcoin due to the fact that it doesn't support consistency, even the single amount of a token really varies and I think about how difficult some times to rely on something we cant be so sure and I guess Bitcoin is mainly for having extra source of income.

I am started from 2017 and making good earning because 2017 ending moment made happy everybody. But i did't not sell any token when market big growing i missed the trend. I am totally depend on bitcoin that's why i'm not try to applied in any job. Now i have no way to survive without job.

Yes there are many way to earn in bitcoin but i think bounty is the first depend who guys starting carrier as a beginner.
Lending is a bullshit and very risky way to earn btc because mostly scam in i told that in my experience.
Bearing market non stopped so that a lot of guys going to left crypto.

Considering bitcoin as an extra income tool and having a real job is a reasonable thing on these difficult days. It is same for other assets in traditional markets and there is no special thing. Let's take a stock owner as an example. If you were not a professional trader or investor, you couldn't earn enough money for your payments.

It is better if bitcoin is used as extra income not to lose the main job ... because bitcoin prices fluctuate and we also do not know when prices go up or down ...

Lots of people depends upon only with the money making way using Bitcoin it is good for today situation but depending upon Bitcoin for long term investment will not be as good as like doing some other job that's why this topic will happen Bitcoin is a good way of money making but it will not definitely standard so make some another way to make money.

I too agree with you that depending only on bitcoin is not that good and it is best for both bitcoin and its users because any user who depends on bitcoin doesn't ever think to use bitcoin rather than investing or trading it withing exchanges but which do nothing to bitcoin's future for it to progress as a currency in the world but I don't see anything wrong if some one benefit from bitcoins volatility and other potential features as a part time work because it can make profits for users and also can make bitcoin more demanding

But only a few people like you recognize this problem, most of the others consider bitcoin as a major source of income because they see a lot of people have a good income and a comfortable life when they work full time with bitcoin. However, people who depend on bitcoin don't know that these are people who come from the early times of the market, they get the chance to become rich, with newbie and the late participant, the chances of getting rich were too low, depending on bitcoin just making their lives tiring and stressful, unable to have stable income to sustain life, they should soon realize that and should not continue to rely solely on bitcoin

I agree with every word you said and in fact that what I did, in 2017 like many others I decided to go all-in in Crypto working and investing and only after a couple of months I decided that this is totally wrong if there is no way to guarantee a fixed monthly income then this is probably not a thing I can totally depend on, and now I am very thankful that I decided to change my mind and make Crypto a side thing, of course, there is still pressure when prices go down but it is not the same like someone totally depend on it as their main income, for me I have my monthly income kinda consist so I will probably be able to hold and not panic as someone that has their monthly and main income totally depend on Crypto.