How many bitcoins do you have to sell to make a living? - page 9.

Opekin

sr. member

Activity: 396

Merit: 252

CryptoTalk.Org - Get Paid for every Post!

Quote from: romero121 on January 29, 2016, 06:05:27 AM

To have a good living atleast you need one bitcoin to be sold every month. If the price goes high or low accordingly you can change the numbers without much calculations

It depends on the price of bitcoin. The more expensive it is, the fewer bitcoin we have to sell.

romero121

legendary

Activity: 3234

Merit: 1214

Casinopunkz - Anonymous Crypto Casino

To have a good living atleast you need one bitcoin to be sold every month. If the price goes high or low accordingly you can change the numbers without much calculations

westseat

newbie

Activity: 14

Merit: 0

Quote from: BitGlory on January 16, 2016, 08:01:42 AM

of course you can make a living off Bitcoin, plenty of crypto entrepreneurs out there

Unfortunately, most of them are scams. If you buy the altcoin the first day they enter the exchange. You will lose most of your money.

JITENDERPAR2

member

Activity: 64

Merit: 10

nothing now..
because i have started recently.

BitGlory

full member

Activity: 168

Merit: 100

DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO

of course you can make a living off Bitcoin, plenty of crypto entrepreneurs out there

romero121

legendary

Activity: 3234

Merit: 1214

Casinopunkz - Anonymous Crypto Casino

Quote from: westseat on January 15, 2016, 09:11:43 AM

Quote from: RealBitcoin on January 02, 2016, 02:35:07 AM

Quote from: to64time on January 01, 2016, 05:50:14 PM

Crazy to think ppl make a living off bitcoin. Has to be pretty stressful during crashes

What about people who bought millions of $ at 1000$ and were down to 200$ later.

They lost 80% of their money and still havent sold bitcoin, that is the real stress. Now they recovered +20% of it at 400$

The price is volatile. It has big changes all the time. Maybe in 10 year, when we look back, we will think that we should have bought a lot in 2016.

The price is volatile but the production of bitcoin is low. So sure there will be increased demand and market value of bitcoin increases gradually. My opinion by the month of june we can find a increased value for bitcoin. To making a living through bitcoin depends upon the country you reside.

westseat

newbie

Activity: 14

Merit: 0

Quote from: RealBitcoin on January 02, 2016, 02:35:07 AM

Quote from: to64time on January 01, 2016, 05:50:14 PM

Crazy to think ppl make a living off bitcoin. Has to be pretty stressful during crashes

What about people who bought millions of $ at 1000$ and were down to 200$ later.

They lost 80% of their money and still havent sold bitcoin, that is the real stress. Now they recovered +20% of it at 400$

The price is volatile. It has big changes all the time. Maybe in 10 year, when we look back, we will think that we should have bought a lot in 2016.

SmartIphone

legendary

Activity: 1204

Merit: 1000

Quote from: sakira on January 02, 2016, 02:59:19 AM

Quote from: SmartIphone on January 01, 2016, 10:01:01 AM

Quote from: sakira on January 01, 2016, 07:26:08 AM

Quote from: SmartIphone on December 30, 2015, 01:53:50 PM

Quote from: sakira on December 30, 2015, 01:37:14 PM

every months at least I sell 1-2BTC to my life. but 1BTC highly enough for me because I was not married Cheesy

For unmarried people it does not require lots of money to live.
Especially if you still live with your family, in general i would say 1-1.5BTC is enough for food and other basic things.

yes but unfortunately I always have a lot of expenses Cheesy

yes 1-1.5BTC highly enough for the necessities of life if I was married, because the cost of living in my country is not too high.

This seems to be good for you, the problem now is how to earn these money.
Bitcoin price is increasing and the amount to live is going to be less every time Tongue

but this time I tried to downsize. bitcoin is money, so of course I will continue to look for and collect bitcoin for my life in future Tongue

If you can why not collecting more bitcoins because bitcoin maybe will have a good future.
I want to see the time when we should need 0.xBTC to live, which means a higher value of bitcoin.

sakira

hero member

Activity: 532

Merit: 500

Quote from: SmartIphone on January 01, 2016, 10:01:01 AM

Quote from: sakira on January 01, 2016, 07:26:08 AM

Quote from: SmartIphone on December 30, 2015, 01:53:50 PM

Quote from: sakira on December 30, 2015, 01:37:14 PM

every months at least I sell 1-2BTC to my life. but 1BTC highly enough for me because I was not married Cheesy

For unmarried people it does not require lots of money to live.
Especially if you still live with your family, in general i would say 1-1.5BTC is enough for food and other basic things.

yes but unfortunately I always have a lot of expenses Cheesy

yes 1-1.5BTC highly enough for the necessities of life if I was married, because the cost of living in my country is not too high.

This seems to be good for you, the problem now is how to earn these money.
Bitcoin price is increasing and the amount to live is going to be less every time Tongue

but this time I tried to downsize. bitcoin is money, so of course I will continue to look for and collect bitcoin for my life in future Tongue

RealBitcoin

hero member

Activity: 854

Merit: 1009

JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: to64time on January 01, 2016, 05:50:14 PM

Crazy to think ppl make a living off bitcoin. Has to be pretty stressful during crashes

What about people who bought millions of $ at 1000$ and were down to 200$ later.

They lost 80% of their money and still havent sold bitcoin, that is the real stress. Now they recovered +20% of it at 400$

planetroving

legendary

Activity: 2170

Merit: 1000

It is possible for you to live off Bitcoin. How many Bitcoins you'd have to sell depends on your lifestyle. The problem is how you earn all those Bitcoin to be able to live off Bitcoin. If you mine, you'd earn less and less. If you live off Bitcoin completely, you'd worry about a multitude of things, and it would drive you nuts. If somebody was to do that, I would say 10 BTC as a bare minimum per month.

to64time

member

Activity: 78

Merit: 10

Crazy to think ppl make a living off bitcoin. Has to be pretty stressful during crashes

knightkon

hero member

Activity: 588

Merit: 500

Quote from: notlist3d on December 31, 2015, 05:36:55 PM

Quote from: shanerc563 on December 31, 2015, 04:54:31 PM

It all depends on what you consider a living and what Bitcoin is at when it comes to price. Right now, I need to make 12 BTC per month to make a living and this does not take into consideration any emergency issues that may come up. My mother could live off of 4 BTC per month. So it all depends on what goals you have set for yourself.

It is a good point on what you consider living. Some are talking about living well and some just enough to get though the month. I think amount should be to live decent, I'm not talking about being super well off. But something where they have a little for some extras in life.

I find country interesting on how much some of it can effect it. If you could live on sub .5 BTC per month I wonder quality of life on some of the countries. I would love to hear more in this area out of interest.

This is 100% correct. I could live off of about 5 BTC per month. I will not be doing nothing buy paying bills and covering birthdays and holidays, but I could do that. There are others who can live off of 1 BTC or even less. If you live in New York City, you would need 10 BTC just to pay for rent in some places. It all depends on where you live and what you need to live. So this main question is to vague.

westseat

newbie

Activity: 14

Merit: 0

I do not have to sell bitcoin to make a living. My living cost is about $3000 per month, so that is about 7 bitcoins.

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: QuintLeo on January 01, 2016, 04:52:11 AM

Quote from: bering on October 12, 2015, 12:25:53 PM

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

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

Depends a lot on what you define as "a living".

Some folks live comfortably on under $1000/month, some seem to think they "NEED" $5000+ to live on.

"decent" is a variable concept and the cost of "decent" varies widely depending largely on where you live.
"decent" in most of Iowa is easy to achieve on $2000/month, but in Manhattan you're probably paying more than that in rent alone for a "decent" place.

the average is actually less than 1k per month, if you include every country, so it must be considered that as a standard, surely not 5k per month, which is overkill

so this mean that 2.5 btc at best for anyone should suffice

SmartIphone

legendary

Activity: 1204

Merit: 1000

Quote from: sakira on January 01, 2016, 07:26:08 AM

Quote from: SmartIphone on December 30, 2015, 01:53:50 PM

Quote from: sakira on December 30, 2015, 01:37:14 PM

every months at least I sell 1-2BTC to my life. but 1BTC highly enough for me because I was not married Cheesy

For unmarried people it does not require lots of money to live.
Especially if you still live with your family, in general i would say 1-1.5BTC is enough for food and other basic things.

yes but unfortunately I always have a lot of expenses Cheesy

yes 1-1.5BTC highly enough for the necessities of life if I was married, because the cost of living in my country is not too high.

This seems to be good for you, the problem now is how to earn these money.
Bitcoin price is increasing and the amount to live is going to be less every time Tongue

sakira

hero member

Activity: 532

Merit: 500

Quote from: SmartIphone on December 30, 2015, 01:53:50 PM

Quote from: sakira on December 30, 2015, 01:37:14 PM

every months at least I sell 1-2BTC to my life. but 1BTC highly enough for me because I was not married Cheesy

For unmarried people it does not require lots of money to live.
Especially if you still live with your family, in general i would say 1-1.5BTC is enough for food and other basic things.

yes but unfortunately I always have a lot of expenses Cheesy

yes 1-1.5BTC highly enough for the necessities of life if I was married, because the cost of living in my country is not too high.

shido

newbie

Activity: 35

Merit: 0

Quote from: QuintLeo on January 01, 2016, 04:52:11 AM

Quote from: bering on October 12, 2015, 12:25:53 PM

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

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

Depends a lot on what you define as "a living".

Some folks live comfortably on under $1000/month, some seem to think they "NEED" $5000+ to live on.

"decent" is a variable concept and the cost of "decent" varies widely depending largely on where you live.
"decent" in most of Iowa is easy to achieve on $2000/month, but in Manhattan you're probably paying more than that in rent alone for a "decent" place.

True. It's a very subjective matter and it's deeply connected with the standard of living and culture of the place when you live.
It's useful to take the time and compute the amount of money needed to satisfy the basic necessitates of life, the amount needed for living decently and amount needed to living luxuriously according to your own needs.

Those will vary from person to person.
For me basics can be covered with 800$/month so approx 2 bitcoins
decently would be 1200$/month approx 3 bitcoins
and double that for luxuries - 6 bitcoins

QuintLeo

legendary

Activity: 1498

Merit: 1030

Quote from: bering on October 12, 2015, 12:25:53 PM

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

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

Depends a lot on what you define as "a living".

Some folks live comfortably on under $1000/month, some seem to think they "NEED" $5000+ to live on.

"decent" is a variable concept and the cost of "decent" varies widely depending largely on where you live.
"decent" in most of Iowa is easy to achieve on $2000/month, but in Manhattan you're probably paying more than that in rent alone for a "decent" place.

notlist3d

legendary

Activity: 1456

Merit: 1000

Quote from: shanerc563 on December 31, 2015, 04:54:31 PM

It all depends on what you consider a living and what Bitcoin is at when it comes to price. Right now, I need to make 12 BTC per month to make a living and this does not take into consideration any emergency issues that may come up. My mother could live off of 4 BTC per month. So it all depends on what goals you have set for yourself.

It is a good point on what you consider living. Some are talking about living well and some just enough to get though the month. I think amount should be to live decent, I'm not talking about being super well off. But something where they have a little for some extras in life.

I find country interesting on how much some of it can effect it. If you could live on sub .5 BTC per month I wonder quality of life on some of the countries. I would love to hear more in this area out of interest.

Topic: How many bitcoins do you have to sell to make a living? - page 9. (Read 20756 times)