Topic: Is it possible to build a career with bitcoin? (Read 816 times)

That's probably the most common mistake that new investors make these days, just because they have heard or seen people posting screenshots of getting very high percentages in profit through futures trading, they have the perception that the cryptocurrency market is a place for everyone to get rich from without knowing or thinking about the risks associated with it since those who post their success stories and screenshots barely post their losses and failures publicly as they need positive attention and fame.

A gambler needs to understand some of the most basic things including profit and risk ratio and that the market and cryptocurrencies aren't created to make people rich and it's only possible for someone to earn money if they do trading in a proper way after learning each and everything they might require for making trades.

  You need some sort of other skills or knowledge than just how the blockchain works. But that skill doesn't have to be programming. If you are knowledgeable about market finance, you can probably work on investing in cryptocurrency based products, design new blockchain based financial services, that sort of stuff. If you have some experience in IT infrastructure, investments, purchases and economic management you may do good work in mining. And so on. I don't know how sensible those ideas really are as career plans, but they are at least interesting skill sets for some Bitcoin based businesses.
Not so many people really understand how the blockchain works, and it's not a worthless skill, it's just not enough by itself. Find (or develop) another area of expertise that is relevant and allow you to bring real value to a project. Otherwise, you have a risk of just being one more of those “I have an idea, can you implement it for me?” types of people. This may seem like it takes more time (why learn Bitcoin when you’re never going to use it?), but it’s actually a long term time saver. If you learn the basics of Bitcoin, you open the door to understanding other projects and only need to focus on the deviations. Just learning your project’s way of doing things make it harder to know how a sibling technology works, but understanding the common ancestor gives a basis for all project.

Surely, the path to wealth through smart investments and smart buying cant be taken lightly. Your point about setting a 2% profit goal makes sense, but it really brings home the need for a strong cash base. Successful sellers are smart and choose not to be in the market all the time so they can take advantage of good opportunities. To move around in the Bitcoin world, you need to have a deep understanding of both how Bitcoin works and how money works in general. One possible path is to turn analytical skills into profitable businesses through paid Telegram groups or informative video content.

I would say its always possible as there are successful investors out there who have been making a good and sustainable career with bitcoin. But we all know that does not happen in an instant. You could have lose a lot at first before you can finally say that you are already in the verge of success with bitcoin. However, while some have been building good career on bitcoin, majority are still losing their life savings and decide to quit because they can't stand the high risk of losing. That proves that not everyone who decide to trade or invest in bitcoin end up with a positive and profitable outcome, some are just doing good at first but still fail in the process, and building a good career for bitcoin is not really meant for them.

Bitcoin at the time is heading towards an uptrend and many who have invested a long time ago could as well find themselves making some good profits but then, it’s good to always have it in mind that, the coin remains volatile and your $10 might not be $10 depending on the prevailing market condition which wouldn’t be the case for money saved in the bank but, inflation plays a relative role to what volatility would do to your coin.

Be it as it may, I’ll rather have my money in an asset with potential of giving me some x multiples than have it saved in some fiat bank where the organization profits off it through trading, lending and other means of investment and I just have a little above cents on what is a huge capital.

Someone can become rich because of investments and someone can become rich because of profits from trading. You can always try it if you have the budget, but never ignore the risks involved. Someone can set a profit target for each trading session they do, for example 2% per session and the profit really depends on how much capital you have.

Successful traders never trade all year round, but they only take advantage of certain moments to gain big profits. If you want to build a career with bitcoin, it's possible, but of course you have to have special skills regardless of what you can rely on. If you are good at analysis, you can share the results of your analysis in paid Telegram groups or you can also gain profits by sharing videos on various media.

Glad to hear that your brother made such a large amount of profit. However, you should never forget that investing in any asset (including Bitcoin) comes with risks. While your brother made a significant profit in just 6 months, keep in mind that the price of Bitcoin can be volatile and unpredictable; just as the price can increase rapidly, it can also drop suddenly, sometimes resulting in a considerable loss. Also, I like to advise that you should only invest the amount of money you can live without for a while because if you invest all you have and have a need for the money tomorrow, you'll have to temper with your investments and that can demoralize the discipline of investing.

The main reason why someone would ask this question is to evade that job/business dilemma and look for something else. But I agree, what is that something else anyway? One needs a stable source of income as a backup option to rely on considering the OP is from a country that does not allow bitcoin transactions but they are still doing it carefully.

Building such a career would need skills that mostly freelancing workers have. Although such things are by no means low income there are groups which manage to live in good conditions by just freelancing and if you have some specific skills then its even better.

Of course, no one can be lucky forever and can easily succeed without knowledge . Not only with bitcoin, knowledge is the only way for us to succeed in any field. Therefore , I hope that if OP thinks that he will succeed by luck, he should reconsider, otherwise he will have to pay a very high price.

Furthermore, OP should look for a job or business, where he can build a career instead of thinking he can make money in bitcoin without doing another job . I have yet to see anyone who can survive just by investing in bitcoin without having a main job.
     

If we already know Bitcoin's decentralized nature and its potential as a store of value and its popularity has been proven over the years since Bitcoin was published on the market. I think there is no need to spend more time doing thorough and careful research when wanting to invest in Bitcoin in the long term, because the main thing from research is to know and understand Bitcoin along with market conditions. So our optimism about investing in Bitcoin should be much greater than our fear of market conditions which are very volatile and can be influenced by various factors.

If OP only relies on luck rather than more serious knowledge for Bitcoin, I think OP will also not always get luck from his investment, considering that market conditions never settle in better conditions forever. So everyone, including the OP, still has to understand other knowledge about market conditions which often change every year so that they can always take advantage of the best moments when they want to invest in Bitcoin even though their dedication is for the long term.

Every investment certainly has a different level of risk, but it is very important to be able to study it in order to understand well the risks we will face in the investment we make so that if we choose to invest and we face a risk of loss from the investment we make then we we can still improve it and we can also reinvest by correcting the mistakes we have made before. By conducting thorough research on Bitcoin, of course we will understand well how to gain profits from Bitcoin because without understanding it well, of course we will experience losses from the investments we make.

You have a point there, bitcoin is like any other investment, it can bring profit or it can make us lose. So, just because we were lucky once to be able to make a profit from bitcoin and thinking that we can easily get rich from it is a silly and naive thought. Furthermore, making profit from bitcoin has never been easy, I don't know if OP's brother is lucky or he made money with his real knowledge. But given what OP is saying, I think he is counting on luck rather than being serious about his investment.

Bitcoin investment, like any other type of investment, carries both potential gains and risks of loss. The price of Bitcoin can be extremely volatile, so it is important for investors to consider their risk tolerance and do thorough research before investing. Bitcoin has indeed generated significant interest and investment in recent years. Its decentralized nature and potential as a store of value have contributed to its popularity. However, it is important to remember that the cryptocurrency market is highly volatile and can be affected by various factors. It's always a good idea to approach investments, including Bitcoin, with caution and thorough research.

For the slogan that says,  bitcoin is financial freedom and a life saviour,  that doesn't just happen it takes only long-term assets like bitcoin to make such happen at any time m,  and this is why in bitcoin investment first thing that you need js the knowledge of the market,  once you are at a point where bitcoin is at it discount price,  then that becomes the right time to buy Bitcoin and have a long term view and focused.

By so doing you will be an advantage all the time,  and also be close to cashing out just like your bro did, good luck in your Bitcoin pursuit.

However, aside from capital, the right attitude towards your investment is also crucial. You cannot expect that once you invest bigger capital on your investment, you will also gain exceptional profits. That’s not how investment works. Your attitude towards your investment greatly matters. By having positive mindset and establishing faith on your investment, combined with long stretch of patience, your investment will certainly work in the long run.

You can build career in bitcoin if you chose to. But know that it won’t be easy and the risk is high. If you are not strong and is easily faint-hearted, you will never be successful with bitcoin. You have to always work on your investment so that the rate of success will grow and will not vanish.

To reach the stage of financial freedom it may be true that getting involved in bitcoin can provide much greater opportunities if done correctly. But to achieve great wealth it will be in accordance with the capital we invest because even though Bitcoin has good potential, if only invested in a small amount it will not bring someone to the desired level of wealth. A balance of capital is needed if you want to gain great wealth in bitcoin and I think only a few people are lucky, using small capital in bitcoin can provide big profits.

The advantage for those of us who are directly involved can explain the practices we experience, they happen as you do and are not available to University graduates regarding bitcoin explanations for those who are not involved. Telling about experiences will be much different from telling theories and this does not only happen with Bitcoin because wherever the results will be different, that's the advantage if we are directly involved in investment.

One can make a career in bitcoin, but the requirements needed sometimes may take a long time, how many people, bitcoin traders or investors are ready to go through the pain and curdles or making an investment with bitcoin to hodl and wait till the approach time to see it result comes, know this that even while trading, there's risk and one is bound to make mistakes and loose money, but the risk level is  only minimal because we can't loose completely the entire asset of investment in bitcoin.

it's possible to build a good career in bitcoin by becoming a full-time trader. but note that the person must be able to make a good strategy in his trading so that it can give him a good profit. if the person has built a good portfolio with stable profits, he can build his investment firm and collect funds from people or institutions who want to invest their money. or he can work for an investment firm and build a career there.

I believe that as we delve deeper into Bitcoin, we will have a career here, especially as we are already experiencing profit in Bitcoin. And apart from that, as our knowledge expands on the usage and uniqueness of Bitcoin, we become professionals in the eyes of others when someone asks us about bitcoin and we can answer it properly.

Based on my experience, I didn't finish a college degree, but when someone asks me about Bitcoin, especially to people who are still degree holders, I look more professional than them. I'm just telling stories, not what I'm bragging about here, because this is my experience.

Trading, especially with bitcoin, is a balance of risk and chance. Success stories are motivating, but they arent common. On the other hand, numerous stories of losses should serve as a warning. Expert traders may seem to have the Midas touch because they have so much experience, but lets be clear: its not just experience; its also discipline, careful analysis, and a strong commitment. They've been through the highs and lows of the trading world and are now strong enough to handle the shifting waves.

Now, people who jump in thinking they can make a lot of money quickly arent thinking things through and are basically playing with fire. No, buying bitcoin wont make you rich overnight, but it can make you money. You are correct in pointing out that having the wrong attitude can lead to failure. Not only does one need money to succeed, but also the forethought, strategy, and humility to admit when they are wrong. Numerous people enter the battle, but not many emerge victorious.