Is it even possible to make a living by selling bitcoins?
i need to sell around to 4.5 bitcoins every month to make a living with comfort and all......
Topic: How many bitcoins do you have to sell to make a living? - page 13. (Read 20756 times)
i need to sell around to 4.5 bitcoins every month to make a living with comfort and all......
If my dream comes true then 1 bitcoin will be enough for your entire life. If not then at least 100 
Look bitcoin will probably have a shiny future , its the saviour of humanity!
Look bitcoin will probably have a shiny future , its the saviour of humanity!
I also have the same dream.
If the bitcoin price hit again it's peak price, I must need at least 1000 bitcoins to make a luxurious life. Half is enough for a decent life. But getting 1000 or 500 bitcoins is not possible now a days due to high difficulties and competition.
It is already going up, so i`m looking forward to hit 400-500$ by the end of the year, but anything is possible.
Next summer when the halving happens, it could go to 10,000$ or even higher.
If my dream comes true then 1 bitcoin will be enough for your entire life. If not then at least 100
Look bitcoin will probably have a shiny future , its the saviour of humanity!
Look bitcoin will probably have a shiny future , its the saviour of humanity!
I also have the same dream.
If the bitcoin price hit again it's peak price, I must need at least 1000 bitcoins to make a luxurious life. Half is enough for a decent life. But getting 1000 or 500 bitcoins is not possible now a days due to high difficulties and competition.
If my dream comes true then 1 bitcoin will be enough for your entire life. If not then at least 100
Look bitcoin will probably have a shiny future , its the saviour of humanity!
Look bitcoin will probably have a shiny future , its the saviour of humanity!
I need ~500$ to live in a month. That's roughly 2BTC. I don't earn that much in a month so it's impossible for me to live based on only Bitcoin. I need to work.
In my current living style I may need to sell off 3 bitcoins to get $780 to $850 for a monthly living from bitcoin. But I'm not ready to spend bitcoin right now as I am a biggest optimistic on bitcoins' price appreciations.
I need ~500$ to live in a month. That's roughly 2BTC. I don't earn that much in a month so it's impossible for me to live based on only Bitcoin. I need to work.
it is possible to make a living by selling bitcoins if you have a lot of them for example if you win a huge lottery you can easily sell it all and live from those money for a few months for sure
what's the point, to buy bitcoin with a winning lottery, just to sell them after? lol
you're are already rich if that the case, OP is talking about starting from scratch and earning bitcoin directly i presume
otherwise this thread make no sense
Is it even possible to make a living by selling bitcoins?
Actually its possible and I do believe there are some bitcoin people that do that! Right now as a student I do depend my weekly allowance on bitcoins and so far it's a big help. I'm also planning to make a living with bitcoins in the near future if I had enough bitcoins to start a business
imo this is possible if you could earn few coins per month
Is it even possible to make a living by selling bitcoins?
It is very possible. But you need a lot of bitcoin and you have to be trusted.Since still many people didn't know about bitcoin, you need more extra energy to explain what is bitcoin to other people.
it is possible to make a living by selling bitcoins if you have a lot of them for example if you win a huge lottery you can easily sell it all and live from those money for a few months for sure
Are you talking about mining solo "loto mining" or like a lottery ticcket? But you are right on lotto mining if that is what you mean. But only thing is it's a very slim chance of happening. Most lotto miners never hit a block.
But if you did currently you would have 25 btc to sell and live off of. So nice little bump. The hardest thing is repeatable making a living off something. If it's a one time thing you cant really live off of.
But it is HARD to find something high profit, and repeatable. If you do it though yes you likely could live off of.
it is possible to make a living by selling bitcoins if you have a lot of them for example if you win a huge lottery you can easily sell it all and live from those money for a few months for sure
I live off of bitcoin, but I have never sold one. I don't get this question? It's like asking how many Euros do you need to sell to make a living.
Is it even possible to make a living by selling bitcoins?
i think it really possible but the questions is how much bitcoin would you need to make a living 
Is it even possible to make a living by selling bitcoins?
If you have enough bitcoin's value, you can make more than enough to living even survive with bitcoin
I dont sell bitcoins to make living instead i buy bitcoins from my salary.
Seems that you're investing into bitcoin. Just becareful that bitcoin's value still fragile
What is the estimated earning of a antminer s7?
More than 1BTC a month i think is good enough, since it cost more than 8BTC including the PSU.
But in less than 10 months there will be a halving does it affect directly the mining earnings?
Yup you get half the coins.
You can check a miner's potential profit here - http://www.coinwarz.com/calculators/bitcoin-mining-calculator
I thought we were long past the phase it was considered viable for the little guy.
I calculated that if at the moment you can earn around 1.2BTC monthly -0.2BTC i speculate the electricity so 1BTC monthly.
In 8 months you can reach the ROI if you mine 24/7, so until the next halving you can earn 2BTC + selling the antminer s7 as a bonus if you want to leave at that moment, so i can think that you can make a living if you own many of these miners and have a stable electricity.
The best case is that the ROI is within 8 months.
But the worst case can be that the mining rig can be burned by the first day.
Anyway I don't think that any amount of btc selling now will guarantee a good life in future.
For ROI use a calculator closer to bitwisdom - https://bitcoinwisdom.com/bitcoin/calculator. Coinwars is great for getting what it will do today. But in future there will be difficulty changes. So coinwars is only good in near future.
When trying to do months down the road you need to include difficulty. Try it out I think you will like it.
What is the estimated earning of a antminer s7?
More than 1BTC a month i think is good enough, since it cost more than 8BTC including the PSU.
But in less than 10 months there will be a halving does it affect directly the mining earnings?
Yup you get half the coins.
You can check a miner's potential profit here - http://www.coinwarz.com/calculators/bitcoin-mining-calculator
I thought we were long past the phase it was considered viable for the little guy.
I calculated that if at the moment you can earn around 1.2BTC monthly -0.2BTC i speculate the electricity so 1BTC monthly.
In 8 months you can reach the ROI if you mine 24/7, so until the next halving you can earn 2BTC + selling the antminer s7 as a bonus if you want to leave at that moment, so i can think that you can make a living if you own many of these miners and have a stable electricity.
The best case is that the ROI is within 8 months.
But the worst case can be that the mining rig can be burned by the first day.
Anyway I don't think that any amount of btc selling now will guarantee a good life in future.
Well, I'm not talking about mining here.
Also how much can you make on localbitcoins?
Because it has more traders and greater competition.
Also how much can you make on localbitcoins?
Because it has more traders and greater competition.
The margin on Localbitcoins is about 5%-10%, so if you want to make $1000 per month, then you need to sell $10k - $20k worth of bitcoins per month. Depending on where you are, that might be difficult to do.
Even if you can't make a living at it, you can do it as a hobby. I used to sell bitcoins on LocalBitcoins and it was fun meeting all those people getting Bitcoins for the first time. I generally met at Starbucks and the commission paid for my drink an sometimes for lunch.
And the problem again is getting 10-20k worth of BTC. Legal exchanges following rules likely will stop account if doing this volume, they might ask questions or worse assume selling and lock account where no purchasing depending on exchange.
So you really would have to find a VERY big miner and partner up. And likely you would have to cut him in on part of it as a big supplier who can do this is few and far between. And the sad thing is a few bad deals with a scammer could eat up a big chunk of the profit. When dealing with hundreds of dollars per BTC. It is risky to say the least.
Is it even possible to make a living by selling bitcoins?
yes it is possible if you can sell 20 bitcoins per month but the question is how you can get them?why 20, 1 btc is 240, with 4 btc you can already have a decent life, if you can afford those every month
3 antminers s7 can do(almost) this if electricity is 0
I would be very interested if you can show me where I can get 4BTC/month for literally free.
Same goes for S7 and free electricity.
well not free you need to invest your time at least, like in real life with your real job
there are some guy around the word getting free electricity maybe abusively, but there are...
And what if a new miner comes out before then that completely crushes the s7 in efficiency? What if your miners break? These are all possibilities you'll have to consider. A huge risr in difficulty making the mining calculations incorrect would not be unheard of.
that's why you sell it halfway through its roi, which would be a mere 4-5 months, i highly doubt that something more efficient will come in a such short time frame...
Is it even possible to make a living by selling bitcoins?
It should be possible. How many BTC, it depends actually. First you need to consider the country that you're in, why? Because you need to know the demands of bitcoins in the area, the popularity (is it well known), and etc.
Making a living thru bitcoin is a bit risky unless you have a service, goods, or currency exchange then I guess you're good to go. You need to keep the bitcoin flowing to make a living out of it.
Jump to: