Topic: Minimum wage salary from real job compare to crypto earning which is better? (Read 718 times)

I’d never consider crypto a substitute for a real job, although the marginal contribution to one’s income is going to vary noticeably from individual to individual (depending on their skills and capabilities) and country to country (average income, regulation, taxation). Ofcourse there will be professionals or early adopters that make it their profession, but I don't think this is the scenario we are on about here.

For people from some of the poorest countries, crypto likely seems a potentially easier way to gain more than the average salary, especially if they are capable of performing tasks that don’t require a tangible investment other than time (i.e. campaigns). It could play out for some for a while, but there is no way to predict how this is going to go, and seriously relying on income from crypto is likely not a good move unless proven otherwise.

Even so, one very important factor to consider is how to cash out. We’re still in the era where crypto needs to be converted to fiat to perform day to day purchases, so the conversion procedure is key. That is normally going to entail having to go through the tax procedure the country at hand (for those that want to be legit), and this varies from one to another and, in general, it seems that tax offices do not have a perfectly mapped roadmap of how to deal with regular cash outs. It can get tricky to justify the income, and even turn into a bit of a nightmare for some if called to an inspection (by likely an inspector who knows little at best about crypto).

There is a whole childboard on related legal matters (see Legal), and a specific interesting thread on Signature Campaigns taxes which is interesting to read). Many people seem to hodl rather than cash-out for now, until they see a crystal clear path to do so without having legal/taxation issues.

I agreed with you, just partially.
First, you were right that real jobs can not be replaced by any kinds of jobs in the forum, I could be wrong. Mainly because the basics of crypto is highly changing in wide range and during very short period of time. It means when bitcoin moves up or down, your real income from your jobs in the forum will change dramatically. For instance, with the same jobs, you can earn $200 per week when bitcoin stays at $20000, but you might receive only $20 per week if bitcoin falls to $2000. Ten-fold decrease of weekly income.
Second, I disagreed with you that jobs in the forum actually produce a lots of things, not only for crypto world, but also for human civilization in general. Starting from jobs and productions in the forum, crypto will be invaded more into human civilization, and some day, it will be come great, something essential for human.

Hey it depends on lots of factors one has been stated above i.e. your location and how much income you need to meet your daily income. I would then suggest you to list down your goals, and see how much do you need in the short and long term to reach there. Also in my personal opinion you’ll be able to earn more in crypto’s than your real job all it requires is planning for the long term.

This will depend on lots of factor including the cost of living in your country. For example if you are living in a third world country and pays around $1-2 rate per hour of work, you could earn in crypto much higher than what you can get when working IRL but if you are living in a first world country I think your IRL job will give you much higher amount of money from crypto, and this will also depends if you have skills to sell.

Not sure what they are doing to earn 5-6 btc a day, the only way I know of making that much is getting lucky with high leverage or getting extremely lucky with some really obscure altcoin.

it’s really hard to compare.It depends on your knowledge.If you are expert in crypto then i can say that crypto earning is better than real job.I know few peoples from India and USA they are expert in crypto.some times they earn 5-6 btc one day.This is huge money. So actually it’s depends on your knowledge.

If you want earn a handsome amount from crypto regularly then you need to have proper knowledge about crypto trading. Totally depending on signature campaign for earning isn't a wise idea IMO. I don't want to say like that its not possible to earn bigger than regular job from crypto but you will have to be prepare first.

I know so many peoples who have already taken crypto trading and mining as a profession. They don't engage themselve with hourly  wage jobs or service. As a regular source of income they have choose it. But there is differences between them & you such as;

# Got enough fund for trading.
# Well experienced with crypto trade.
# Made proper investment on crypto mining.
# Got fund support to handle emergency circumstance.

Yeah its possible to live your life by engaging on various crypto earning platform but one thing you have to keep it on mind that reality is harder than stone. So its better to be well prepared before start.

I don't know what is the minimum wage in your country but you shouldn't dump your fulltime job until you are confident that you can't make a decent STABLE living from crypto alone. If I were you I'd still keep the job and work part-time on crypto and invest whatever I can from the wage into bitcoin. Not financial advice, just my 2 cents.

Don't let go of your real job yet. It's still important because you're still starting here in this community. Considering your income, it's a good thing you are also looking for an alternative. But as of the moment, gain first all the informations you have to learn about crypto so that you can also achieve more while you are here. Try to learn something related to this, as well, such as programming because there are people here who hire someone who have knowledge in that.

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Indeed. And try to visit in the local board of Philippines named Pilipinas. Surely, there are lots of Filipino there that would be very much willing to help you in your journey. Good luck!

As a Africans, with your proficient English, you will have a lot of opportunites. Don't give up, chances wait for you, luckiness waits for you, at the right time, you will see them.
In addition, with the 4.0 world, chances are everywhere. And, you can find your chances here, in the forum, right? Anyway, I really hate any kind of corruptions, wherever it occur.

You just said it all mate, knowing anybody at the top guarantee any individual either educated or not to stay at the top, undermining the effect it bring to the country economy. If you live in Africa or live in my country, you will understand the true meaning of modern slavery, some certain part of the country have enslave others just for their selfish interest to the detriment of the country. Have applied in so many jobs after graduation but find it very tough|difficult to secure one but someone some were will just make a call and be employ without interview be conducted 

Corruption in Africa is second to non, but we all will use these technology to fight against them at the end, that's why we are all here. They are little in terms of technology which is the opportunity of the youths to fight against their corrupt mindset. In politics, one political party will like to take Federal and State level in order to control the masses and their resources for their selfish interest and that of their family members. Have been with some top politicians in my country but non couldn't help me when i needed them after graduation, here i am today and not regretting my past, looking forward to the future where technology will control the developing country like mine and my continent.

Have taken the risk to learn this trending technology which i believe will be my future. 

I have a regular job so i will be bias in my answer because for me its a real Life Job is more stable and practical in terms of earning
But i guess we can always give some time for crypto just what i am doing right now

I work for 8-10 hours a day in my regurlar job and i spend atleast 2-3 hours for crypto to do my bounty and some checking if theres good coin/token to invest

We can't survive our life only from signature earnings even in the 3rd world countries like Nigeria,so just keep it as additional revenue which can be saved for suture purpose when the prices will be too high from now.

Corruptions in developing nations, are one of the worst things that hinder the developments of those nations, and the income of people who live there. People who have money, bribe others to get positions in institutions that they think can bring good income to them. However, when they successful bribed and get a 'good' job, they in turn fall into a corruption cycle, and seriously play as big barrier for general developments of their communities, their nations.
It is why we have to choose between options, and choose the best ones (in our perspective at different period in our lives), and make important decisions for our future. Accept risks, take risks, and build up our future from risk-taking decisions. I never regret with my important decisions, even when I failed.

Before and during the btc bull run the bounty werr good and rewards were paid well and has a good liquidity as what I observe from the old threads. Some.has boasted on its rewards earn amounting to 12K usd to which it is a great reward for just joining a campaign like signature.bounty program. Now, it seema very difficult to find a good and rewardimg project unless you are.decided to join a campaign that has fix rates payments like 777coin signature. I have been wearing this signature for more than 3 months now.

In my country, you can get 'life insurance' if you become government employees or register on some insurance platform. The bad news is unless you're extremely smart your chance to become one is small because corruption is happening here and there (though it is decreased by now). I personally don't want to become one, though my life might be insecure, that's the risk because I love doing what I love and be free from unnecessary rules.

That's life, anything comes with risk.

Most jobs these days have very little security, companies are quick to fire people and replace them with robots or cheaper workers.  I saw a survey that said very few people expect to stay at their jobs long terms.  Those days when you could spend your life at once company and be taken care of are over.

From experience, I can say that being a minimum wage earner with benefits and insurance is way better than having to rely on cryptocurrency earnings. Back in the days, the money I've used to buy my first bitcoins came from my minimum wage job. I managed to allocate a hefty sum of that wage to buying bitcoins and got extremely lucky to have sold initially when bitcoin was priced @ $2900 a piece. I profited a lot, yet remained in the company for the next year until I decided to tend to my business and go to another job (which pays quite good). Crypto earnings are big but extremely unstable plus no security whatsoever, so yeah, you get the point.

While having both is more likely better than having one right?

We can earn bitcoon to convert in fiat.or we can earn fiat ro convert in bitcoins isnt it both is applicable?

I work in real life with more that minimum wage earning but i also work in crypto with additional income to fed my family and to reserve some currency for my future and my family as well

It's a good perspective, so you successfully stole my last one sendable merit.
Personally, I don't think forum members should be crypto experts to be able to earn income from the forum. You can start from zero to reach what you want to become. So how to make it? It is very simple, start from learning (basic things of the forum, rules, official guides) as well as most helpful topics (including guides from forum community). It is easy to identify which topics are hot, by looking at its total read times, and looking at the total merits received in the OP.