Topic: Is it possible to build a career with bitcoin? - page 6. (Read 882 times)

Bitcoin is a very volatile asset and that's why investors who purchase it at the right moment make good profits from their investment. Your brother was smart enough that he bought Bitcoin for 24-25k+ range because that was a very good and profitable price mark for the investors. The new investors who aren't into Bitcoin can still purchase it without any worries because in next few months Bitcoin can reach $50k or above in value and that's why it's still a very profitable asset for the investors.

You can done a good job by withdrawing your money from bank and investing those into Bitcoin as the money won't give you any profits if it stays in a bank but when invested in a top class asset like Bitcoin then profit is a sure thing for you. I still think that it's better to learn about Bitcoin and crypto market in general before investing money into it because if you aren't aware about Bitcoin and the ways to store it privately then still you can be at risk.

Most new investors buy Bitcoin via centralized exchanges and let their Bitcoin in the custodial wallets of the exchanges but that's not the best way to store your Bitcoin. A well-versed Bitconer would never put his/her Bitcoin into the custodial wallets of the centralized exchanges because those exchanges can be hacked or they can steal your coins themselves and then make excuses like they have been hacked or something else.

You need to learn about personal Bitcoin wallets like Electrum and once you learn about it then withdraw your Bitcoin from exchange's custodial wallet to your own personal wallet. That way you will be the owner of the Bitcoin that you bought not the centralized exchanges. I hope you will try to learn more about Bitcoin and I can assure you that you'll find all information about Bitcoin and its wallets from this forum.

Anyone can invest or allocate their money to bitcoin as long as they have agreed with themselves about all the risks they will experience there and also of course by using a budget from themselves, a little advice from me is that it is better for you to use your own funds to invest, don't let you use other people's funds or even borrow from the bank just to invest because of course there will be some pressure that you will feel there that requires you to always make a profit while in investment it really requires calm and there are always unexpected risks.

Yes, if only they could come earlier in bitcoin accumulation like the case of the brother and sister you discussed above, the younger brother was late and could not enjoy the benefits that his brother made in a fairly short time. Maybe one of the causes of his late arrival in this accumulation is due to a lack of communication with his brother so that he cannot get information about bitcoin itself, and yes the price has already risen and maybe his sister will be able to start when the price has corrected and he can start his investment in the next bearish phase. But I think it's never too late to start bitcoin accumulation while you or they are ready with everything including the risks that are there, it all depends on your best planning.

Of course, the opportunity from bitcoin is unquestionable for us, but from the OP's story, I think we need to gain more knowledge to strengthen our faith in the future.
In addition, if you have a broader view of investment, it is not simply a transaction between money, because in addition we need to invest in many other things in this environment such as knowledge, time, spirit, health,... I really admire those who have earned a lot of bitcoin without having to spend money to buy it directly, there are many different ways to access the good future of bitcoin and around it.

I think one could still achieve same goal but with different approach. One could use the market conditions to double, triple or quadruple your Bitcoin holding and see what it's going to be in the next 7 years. Let's say I bought 1 BTC at 35k and sell it during the bull season at 90k in 2025, my Bitcoin would increase to 2.57 BTC. I could reinvest the Bitcoin during the bear market in 2027, less say at $50k (i.e 2.57 BTC should be 128.5$) and sell again during the bull in 2029 at $170k, and that would take my Bitcoin to 8.73 BTC. This is just rough a calculation but I know it's very possible.

If your older brother bought 1 btc he must have had $25k dollars and at that time the price of bitcoin was the same. If that person bought bitcoins when the market was dumping, he must have made a good amount of profit now. As you mentioned here he was able to make $9k profit by holding bitcoins for 6 months so I think that's HUGE amount of profit.  Whereas if your elder brother had deposited that amount in the bank then he might never have got this amount of profit. And if you invest $25k dollars in the bank, then $9k dollars profit will come, it would take 20 years, you are right. It is also my belief that it is definitely possible to become a millionaire if you invest and hold bitcoins over time, in the past we have seen many people holding bitcoins and today they have become millionaires. Of course you have to take risks in life, if you don't take risks, you will never get success, taking risks is the most important thing in any business. If you can trade and invest bitcoins properly then surely you will get good profit from bitcoins. And Bitcoin can definitely change your life if you hold it for a long time, and Bitcoin is a person's future wealth.

You have confused "career" and "investing" in various ways. Making money through a job that includes challenges, tasks to be performed, and a place where you have to prove yourself or show some skills to contribute to the development of projects is entirely different than just investing money into something that will give you return money.

What your brother did was a perfect investment. He bought Bitcoin at the right time and Bitcoin went up pretty high in a short period of time. I would call this the perfect timeline for your brother but this is not the case always. Peeps are out there making DCA investments through years of research and yet many of them have not touched their BEP. So having the urge to make a career out of investment is like entering into career of "trading".

This has been discussed for several times. If you are an investor, with your patience you're likely to become to profit and be successful with Bitcoin. And if you're talking about the potential opportunities with working under the niche of Bitcoin and build a career from it, it's definitely possible. Think of those exchanges, they don't work alone and serve us automatically. There are people behind it working as if they're working under a normal corporate setup just as what we used to do. Honestly, it's not that much difference between that kind of setup and the actual setup that we used to live it. Because on their terms, they're all the same companies that have services to their customers. That is why if you're planning to go ahead and make a career of it, just keep on applying on the company and position that you want to be.

Actually, it is possible, that your brother just keeps holding his assets and waits to take a profit we call this trading, even its not a prediction the market in the futures trading still its consider because you are buying an asset at a lower price and selling into a higher price or until you get satisfied with the profit. Besides trading you can also use the bitcoin into your adaptation of cryptocurrency payments on your business if there's any and theres alot of jobs right now with the crypto, can be a moderator, blockchain developer, project manager, and alot of it. If the bitcoin can get rich you immediately again bitcoin volatility can make you suffer and have an unrealize lose. Invest wise your asset.

Bitcoin is more of a supplement to your financial status. It is not something you should consider a career unless you are using Bitcoin to improve or offer a service or product. You could try trading but calling day-trading Bitcoin a career is also a long shot. You might as well call gambling a career.

If you want to make more money, aka more Bitcoin, then just find a problem that nobody has thought of a good solution for and create your own solution. Work your way around and expand your business. Include Bitcoin in your business or a way that helps other people find out about and adopt cryptocurrency.

Get-rich-quick schemes never work out. But hard work always does!

It is appropriate for you to buy Bitcoin and invest in it with your own money after your older brother has proven it with his own money by making a profit from Bitcoin in just half a year. Even though you should have done that in the past if your older brother already knew about Bitcoin and continued to take risks quite bravely by withdrawing his money from the bank which then invested it in Bitcoin, because in general he is still in the same family as you. So you should also do it before rather than after he made a profit after Bitcoin increased to 34K+. One question from me, did your older brother never tell you about Bitcoin in the past or when he started investing some money in Bitcoin?

He choose to invest the money into Bitcoin but mind you investment have positive and negative side, people will rather keep their money in the banks this days because they feel unsafe with Bitcoin but that's because they lack some knowledge about Bitcoin's potential,  many people from my country are still doing this while I have stop storing my money in the bank since 2017.

Apart from the possibility of making money from Bitcoin I just feel more secure storing my money in Bitcoin, people always shake their heads when I tell them this, they called me idiot, a friend said it's a suicide mission and today Bitcoin just proved them all wrong, the Currency of the country keeps losing value almost every week and things are getting more costly, the value of Bitcoin is what keeps saving me till today and still I keep making money too.

There is no single loss with Bitcoin investment if you know what you are doing, Bitcoin is a good store of value so only store what you won't be needing very soon with Bitcoin, the loss comes when you need fast money and you have to sell your Bitcoin, at the present price available, and if the price is lower then it's a loss for you.

I think what he means is that writing for signature campaigns is a good way to accumulate and it's also a way to turn bitcoin into a career. He's not saying you should rely entirely on signature campaigns to generate income to support your daily life and build your future. I don't think relying entirely on signature campaigns as your main source of income is a good idea. It's better to have an outside job and try to diversify your sources of income instead of depending on just one source of income.

I do not necessarily agree with you that "bitcoin can make you a millionaire if you buy at the right time", because there is no right time to buy bitcoin, except for as early as possible. Because in the long run, even if you buy at the very tip and your position is in the red for a few years, by the time the next halving kicks in, you will already be in profit. As long as you don't sell that is.

With crypto it's possible, with bitcoin, it would be extra hard.

The thing about bitcoin is that its ecosystem is so linear and tight-packed that whatever you would need from a regular cryptocurrency, from investing to sending money from across the planet, you can do on bitcoin. The only "career" you could make out of bitcoin in my opinion would be either as a developer, although I myself don't know how you could get into such or if they even allow outsiders anymore, or as a miner, which I must say, is far from what a textbook "career" is. Crypto on the other hand, you could do a lot of shit, write blogs and articles to better advertise cryptocurrencies, Project manage up and coming cryptos, code for new projects and networks, the world is your massive oyster.

Edit: Found out you're not really talking about a career per se but making money out of bitcoin, of course you could but please make a distinction lol. I'm a Yugi-oh Player (we don't read what the card does) so I got a little confused but anyway, yes. You can make money out of bitcoin even if you only got here lately.

Investing in bitcoin is not a career, because you don't get paid always and you can only make profit in bitcoin, if you buy at the dip and sell at the bull run. If you buy at the wrong time then you run at loss. Daily traders and people who render their services and earn in bitcoin are the ones that have built their career with bitcoin. So it is better that you get something doing that pays you in bitcoin, instead of thinking that bitcoin investment is a career. What happens if the price goes the other way round, will you still call it a career. Career is an occupation or profession that one use to earn a living. You need a job that you can use to invest in bitcoin and to continue with DCAing to increase your bitcoin portfolio.

To lucky for your brother that he earn on right time of buying bitcoin since not every time we can earn with it since there are dumping season that can really hurt us financially and change our decision making towards the investment we hold. Yes we can really earn huge amount by investing on bitcoin but we also need to consider those technical aspect so that we can determine on which price is good to have rather than having a random shot where we don't know if we already bought on the top or not since this is risky action and might it can cause a huge lose for us.

Success will never be possible if you didn't take the risk but also make sure that you know how to handle the risk since if we just enter without even thinking and you are just trying to hit some luck then maybe we might not get satisfied then get dismayed on the results of our decisions we made.

This phenomenon seems really interesting, and I think it is definitely best to invest in Bitcoin if a person wants to be financially successful. Since the OP is your older brother, instead of keeping money in the bank, he invested $25,000 in Bitcoin with that money, and he is currently making a profit. We have seen Bitcoin price move between $34k and $35k for several days, and it is in the best possible position. Where the person gained $9000 in just six months whereas if he had kept the money in the bank he would have had to wait 20 years to gain this amount of money. And keeping money in the bank currently doesn't seem as safe as investing in bitcoins, and selling plays the highest role in a person's security. Also by investing Bitcoin you can become rich in future and your career will definitely be bright. But one should never lose patience with bitcoin investment, but it is best to hold for long term with patience.

You shouldn't be asking this question in the title because when you look around you (the web) you should see many successful people having a career with Bitcoin. The exchanges are in business because of Bitcoin, the traders, P2P marchants are all in business because of Bitcoin and other analyst companies are all in business because of Bitcoin. Personally we can pick up a career path that involves Bitcoin payment and have a successful career.

I don't consider investment a career because that's something everybody should be doing. Irrespective of what you're doing for survival, we should all be an investor and Bitcoin investing has made that very easy. Bitcoin investment has eliminated the need for brokers or having the privilege of inside information enjoyed by the elites as that was how it was when there was no Bitcoin that you can invest into from the comfort of your bed and follow up your investment as well.

The beauty of Bitcoin is that when you invest at the right time like your brother did, you won't have to wait for so long to make profits but there are times when you Invest when the market is on the path of a decline (after the bull market has ended), you'll have to wait longer than just few months to make profits. But still it's better than all other investment business combined because none of them can give you profits similar to that of investing in Bitcoin.

I totally agree. But signature campaign earnings nowadays is quiet low and on my part I cant keep my earnings on my wallet alone because I had to use it for my basic needs. Luck in signature bounty the same as what I got way back 2017 is nice but the question is when will it happen again? 😅 people like us who has priorities and has not enough monthly income will surely be able to acquire and build a career with Bitcoin in I think the coming months or years

It's not relate to Bitcoin, become a Blockchain developer mostly involved in Altcoins ecosystem, not Bitcoin.

Getting paid in Bitcoin and work in Bitcoin are two different thing, you can get paid in fiat and use that to buy Bitcoin, the result is same.

Most of developers in Bitcoin are volunteers where they're not expect any payment, unless they're miners, consultants or speakers in seminar.