How many bitcoins do you have to sell to make a living? - page 15.

notlist3d

legendary

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Quote from: Amph on October 09, 2015, 01:37:24 PM

Quote from: Zawamiya on October 09, 2015, 11:20:47 AM

Quote from: Ninjahitoko on October 09, 2015, 10:02:03 AM

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

The hard part is where are people getting these places with 0 electricity costs. I do not understand it as most landlords if it's included would not be happy if your bills had multi-hundred more then past tenets in electricity.

Only places I have that did not measure were student housing. And they were pretty expensive really. Great housing but not cheap and not a lot of power to play around with.

Possum577

sr. member

Activity: 434

Merit: 250

Loose lips sink sigs!

Quote from: Ninjahitoko on October 09, 2015, 10:02:03 AM

Is it even possible to make a living by selling bitcoins?

Yes, but only if you can acquire your bitcoin for less than you're selling them for. And then you'd need to calculate the margin between your cost and your revenue to arrive at your profit - which would determine if you could "make a living" doing it.

The challenge is that it's difficult to buy bitcoin today (any single moment time) for significantly less than anyone would want to buy them from you. So you'd have to either mine the bitcoin or acquire it now, wait for the price to rise and then sell it.

The latter idea is what many, many people are currently doing - and it does not yet "make a living" for anyone.

unholycactus

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Quote from: Amph on October 09, 2015, 01:37:24 PM

Quote from: Zawamiya on October 09, 2015, 11:20:47 AM

Quote from: Ninjahitoko on October 09, 2015, 10:02:03 AM

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.

Amph

legendary

Activity: 3248

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Quote from: Zawamiya on October 09, 2015, 11:20:47 AM

Quote from: Ninjahitoko on October 09, 2015, 10:02:03 AM

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

Bitcoinless

newbie

Activity: 30

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If you have 10.000+ Bitcoins then yes you can make living by selling them.
If you trust banks you may cash out them and use compound interest etc.

jt byte

hero member

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It is possible, but bitcoin maybe will not last longer
And you cant put all your money in bitcoins and waiting the price to rise.
I think it is possible but you should have lots of money to start with, wait for a crash and buy a lot.

OmegaStarScream

staff

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Quote from: Ninjahitoko on October 09, 2015, 10:02:03 AM

Is it even possible to make a living by selling bitcoins?

Yes however I guess it depends on the countries , you can't do much on USA , UK , Qatar ,Dubai , France if you ask me .
however in my country for example ,the minimum payout here (if we convert it to USD) is 180$ and people could live with that , it would be hard but they do their best . so something like 1 BTC should do just fine .
Note that on my country most of people have houses (there is no rent) , they all own houses because goverment give houses to those who don't have money and for those who do , they give them cheap houses .

okae

legendary

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northern exposure

Quote from: Ninjahitoko on October 09, 2015, 10:02:03 AM

Is it even possible to make a living by selling bitcoins?

ofc it is possible, why it will not be?, well ovbiously we are talking about an scenery where do you have lot of bitcoins Wink

Quote from: Zawamiya on October 09, 2015, 11:20:47 AM

Quote from: Ninjahitoko on October 09, 2015, 10:02:03 AM

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?

well it will always depends on where did you live, there is zones on the world where you can live with less than 1 bitcoin/monthly, ofc being humble.

Zawamiya

hero member

Activity: 526

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Quote from: Ninjahitoko on October 09, 2015, 10:02:03 AM

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?

dothebeats

legendary

Activity: 3542

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Quote from: Ninjahitoko on October 09, 2015, 10:02:03 AM

Is it even possible to make a living by selling bitcoins?

Back when you could mine hundreds of bitcoins in a day by just using your CPU and keeping it up until the ATH and sell it by then. If you have, say a thousand bitcoins and you've sold it at $1100, you could easily make $1.1 million dollars out of it--enough to provide for your needs for many years. As of the current times, it is not a very good way to make a living out of bitcoins unless you have a very popular service that many people are utilizing or using.

Ninjahitoko

full member

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Is it even possible to make a living by selling bitcoins?

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