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Topic: Earning Bitcoin is good, but don't depent on it. - page 9. (Read 23609 times)

full member
Activity: 686
Merit: 108
Yes right, for beginners like me, it's impossible to fully depend on my life for Bitcoin, because now it's very difficult to get income from Bounty, so I have to find another job besides I work here, looking for BItcoin.
The more source of income we have the better, so its not good to depend your daily needs alone to bitcoin. You’d better to treat this market as your long term investment since the price are still cheap but the future is good. If bounty doesn’t work well to you, look for another opportunities.
hero member
Activity: 994
Merit: 501
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Yes this is a problem because when people are hearing about BTC they think at big investors that have earned a lot of money and they can live well with the help of Bitcoin. The thing is that at start is better to have a job besides Bitcoin, and the crypto world can can be an attachment source for incomes.I think that is better that way because as we can see the market is unstable right now and you can lose a lot of money.
newbie
Activity: 283
Merit: 0
I think relying on something is not good especially we also do not know how in the future bitcoin works, we may use it but it is better to use it as a side because if we depend on it it will have a bad impact on us.
legendary
Activity: 2814
Merit: 1192
I depend on it. Not as the only source of income, but rather as something that will give me financial freedom and security. This is the main reason why almost all my money is in Bitcoin and some other cryptos. I didn't sell my house or go on a diet to invest, but at the moment almost all my fiat money is in crypto. If it goes well I'll have a great retirement fund and will be able to travel and not worry about anything. If not, I will have to work until I'm too old to move. Life is a gamble.
legendary
Activity: 1932
Merit: 1273
It is a truth that mainstream mainly seeks for a profit instead of utilizing the use cases of cryptocurrency. In another case, it is a bad habit to depend on single source of income as we know the average of a millionaire has more than 3 sources of income. Earning bitcoin is good don't make it as the only one source of income.
sr. member
Activity: 1078
Merit: 256
You must have several sources of income always. Do you have 20 thousand BTC? That's cool. But what if tomorrow 20 thousand BTC will turn into nothing? The crypto world has its own laws and rules. And this is a world of opportunity. But this does not mean that you have to leave the usual world, usual work.
Which is far better than relying into one industry,  if you can work outside crypto and make this venue as an additional source of income you will be more safer than leaning everything to things that uncertain, like what you have said we don't know when the value will rise nor when it will fall so deep, secure your life while continuing your journey around this industry.
member
Activity: 308
Merit: 15
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.
People will come again after seeing a good market price for the crypto. There is no better motivation than the market price movement and definitely all will be good if the market price will go high. Cryptocurrency is just like a money tree and wether we like it or not this is how people seeing about the system. Some may say that cryptocurrency for them is a technology that should be learn for good integrating it to daily use. But, I doubt about it because I know that they too like to see crypto market goes high in terms of market price of the crypto.
full member
Activity: 546
Merit: 100
Yes right, for beginners like me, it's impossible to fully depend on my life for Bitcoin, because now it's very difficult to get income from Bounty, so I have to find another job besides I work here, looking for BItcoin.
sr. member
Activity: 1123
Merit: 253
There is no fix income that you can get from Bitcoin. As a matter of fact, there is no assurance whatsoever that when you get into Bitcoin, you will be making a good deal of wealth in the end. We have to always remember that there are risks involved in taking part of this kind of gamble. When you decide, you need to be objective. The market in which we want to make some money is a volatile and uncertain one. Instead of our goal to create wealth, it could end up the complete opposite. Our investment and efforts and hopes could easily vanish. We should not rely on something that is not certain as our source of income.
legendary
Activity: 1218
Merit: 1007
You must have several sources of income always. Do you have 20 thousand BTC? That's cool. But what if tomorrow 20 thousand BTC will turn into nothing? The crypto world has its own laws and rules. And this is a world of opportunity. But this does not mean that you have to leave the usual world, usual work.
hero member
Activity: 2268
Merit: 588
You own the pen
Yes! earning some bitcoins is a good thing however like you said we need to stop depending on it. like me when I earn some money on bounties I used some of it on a small business and when i wait for some payment on bounties i will never be broke. because i have some other source of income. having some many source of money will make your life easier.
legendary
Activity: 3234
Merit: 1214
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Well said, earning bitcoin isn't that easy nowadays. The major earning of bitcoin is possible through trading and gambling. Both were high risk involved, depending into this primarily for earning is not the right pick. If something goes out of prediction, it will get reacted on our regular living. To avoid such circumstances it is good to have a regular job and have bitcoin earning aside for making ourselves wealthy at the earliest.
newbie
Activity: 28
Merit: 0
This post is so right, just emphasising on how unpredictable btc or any other coins is. But some depend on it because of their real life situation.  I have lots of friends who are scared for the future of cryptocurrency
sr. member
Activity: 700
Merit: 252
Yea good point we all need main (1st ) source of income, crypto is just an asset. I earn by online crypto gambling and through signature campaigns but those earnings through campaigns are funny (e.g. last week I earned $8.5, yea real comedy). but patience is a virtue.
legendary
Activity: 2436
Merit: 1189
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Yes oviously we should not depend on bitcoin or other crypto.We should take it a part time job with main job or study. And we should learn from this bear market that we should not blind believe on crypto. We should always book profit.
full member
Activity: 658
Merit: 103
That is one of the lessons that I have learned,  we should not depend to earn money from bitcoins. I lose big amount of money when I make investment in bitcoin without careful. The market is really unpredictable so we should not depend our earnings from bitcoins.
sr. member
Activity: 896
Merit: 267
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Do not ever depend on bitcoin because we do not know if this thing is lifetime. You should bitcoin as your alternative and find a job that fit to the things that you really want. I do not depend on bitcoin because there is no assurance that you can earn money so I have my permanent job.
Actually, it depends to the people if they will depend their life on bitcoin or not. However, I depend my income in bitcoin because I'm full time worker in bitcoin which I do daily trade and I do not have permanent job.
legendary
Activity: 1946
Merit: 1137
On Facebook a lot of my friends asking what are the best option besides bounty hunting and trading, yes these are people who rely on online to make money or to make a living, what this bear market teaches is we must have another income-generating job besides online, because there will come a time that everything will not go well, just like what is happening today.

you can't make a living by doing silly micro jobs online such as "bounty hunting". not to mention that majority of ICOs have been scams and you lost a lot of money if you participated in any of them. additionally like anything else, entering cryptocurrency market requires a lot of experience and also needs spending a lot of time doing it.
copper member
Activity: 2044
Merit: 793
Maybe you have source passive income except from bitcoin or altcoin investment, after getting profit fro trading or investing you have use your money and open real business, maybe is the way when your investment is lower price.

I think no one should depend on the profits they are expecting from crypto trading or investment to open a real business poor or chase real life goal, that will likely bring about more depression if things don't work out(which is very likely) as expected, One should set real life goals and works towards it to in order to be able afford a more convenient life style and If per adventure a big profit comes in from a crypto it can serve the purpose of making those real life goals easier.
sr. member
Activity: 2030
Merit: 269
On Facebook a lot of my friends asking what are the best option besides bounty hunting and trading, yes these are people who rely on online to make money or to make a living, what this bear market teaches is we must have another income-generating job besides online, because there will come a time that everything will not go well, just like what is happening today.
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