Topic: Minimum wage salary from real job compare to crypto earning which is better? (Read 762 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.

Yes, so it is important for someone whom have intention to leave their real jobs and totally focus on crypto stuffs to get income. They should consider that with their abilities, and their real income temporarily get from crypto, can they survive if they actually leave their jobs? Especially, their income from crypto should at least higher than minimum threshold that can help them survive and don't fall into toughest period in their lives.
Agreed, fella. They should earn a huge fortune from crypto first, then really be able to earn specific acceptable income from crypto, before seriously thinking of leaving their real jobs.

Every country has different economy and therefore they have different minimum wage.
You feel you are not making enough money with your job and you want to jump into crypto, well, ask yourself first, what can you offer to make money in crypto? Then try to evaluate if you can really make it and that it would provide your consistent income.

Otherwise, just calm down and wait for the right timing, you can still do your job and crypto together, only give up the job if you are really ready.

You are in the right path kabayan but it's a long journey and the road is tougher than you think. Don't quit your current job and strive to be the best of what you do and continue to learn about cryptocurrency. Along the way you will learn that this crypto thing is very risky and no such thing as "getting rich overnight" but there is future in here if you know how to work you way around here. Instead of playing ML as most teen here are doing, make your free time useful by studying cryptocurrency.

BTW, cryptocurrency is not all about those bounty campaigns.

Agree, any minimum wage is better than "earning online" which is bounty/faucet/clicking ads etc etc
People thing Bitcoin is other world, different planet... its not, its just like earning FIAT. You can earn FIAT money and convert it to Bitcoin on regular basis.

I understand you are struggling but you can't jump quickly into a decision to focus on crypto "to expect" something good in return in a short period of time.

If ever you focus, how can you able to support your current status?

If you are really eager, you can focus on crypto without leaving other things you used to. Then slowly changed your usual doings from there as you progress. Start from small and work your way up.

There are lots of your "kababayan" who already did that. Take that as inspiration.

There isn't much around the internet at all, in crypto or otherwise, if all you have are the skills to work in a basic job. You'll have to learn a few things.

A good resource is here: https://www.reddit.com/r/udemyfreebies/ and that way you can learn some valuable web-skills for free (if there is any).

Doing what I love is fun and crypto is fun but It is lonely. I do kind of wish I had a social job environment. Hundreds of texts a day and a few video conferences is not the same as a conversation.

Yep, follow this advice OP. Don't dive headfirst into the deep in until you know how to tread water. Find out what works for you in the crypto space, and double down when you're confident enough to do so. But in the meantime, keep building your skills and network in your normal life. Don't put all of your eggs into one basket (or all your cash in one coin), and know when to pull out. Best of luck brother.

The job requires skill, not like a bounty dude. See current market conditions. Too many scam projects appear and there are very few legit projects. Why do you have to sacrifice what you have for uncertainty?

On the other hand, bounty only takes a little time, depending on the type of campaign you are doing, but will not exceed the normal work time. If you decide to focus on crypto, what will you do with the 16 hours you have?

So, improve your career at work and use your time to do a bounty. Good luck with both!

I'm curious how much OP already earn here for thinking that way.

It's not just being unstable but it's worthless nowadays and if OP will choose doing bounty over a real job then he will regret it. OP, should think logically before he decides. It's still better to have a monthly salary than depend in uncertainty.

Just do this as a side job and better to dig more about cryptos as this is a broad topic. If you have some photoshop skills or web development then you can post your portfolio and I'm sure someone will render your service.

Here the mistake come; feel confident or not, never retreat yourself from real job, hence you regret your action. Crypto earnings are not stable earning like your monthly salary, depending solely on crypto earning leads to incapacitation thereby welcoming depression. Currently, i work and earn my monthly salary every month while i use my spare time to learn about cryptocurrency.

Don't be deceive, most of these forum members actually work full time while others work part-time with monthly earnings, while doing some sort of professional work here to get paid. Cryptocurrency can pay when you have a professional career on the field hence don't rely on it solely.

I hope the OP answers if he knows the pay yourself first concept. If he's not aware of that yet, then perhaps he'll always have an issue with money despite having extra income from bounties or trading.

The merit system changed my life in better way, rather than ruin my life. To be honest, since the birth day of merit system, my attitude to use the forum changed entirely, in more positive direction. After that day, with the stimulation from the merit system, I focused more on reading, learning (forum rules, forum structures, helpful topics) and help others more often with my gradually increasing knowledge and skills.
Without the merit system, I would have stucked forever with shitshows. 

The minimum wage salary keeps food on the table and a roof over your head, whilst you are working on Crypto currency knowledge for extra skills and knowledge to lift you out of the hamster wheel and onto financial freedom. 

Most of us have our daily work and we spend our extra free time to increase our knowledge about Crypto currency, with the vision of improving our current circumstances and also securing our future.    

Everyone needs a backup plan and/or something to fall back on, when things goes South with your current job.

It's worth spending the time to build your account on here, especially if you're going to lurk on here anyway. Once it's senior enough and if your posting is good enough you can get into a signature campaign that may well pay as well as the average normal job where you're at.

I definitely would not depend on it as the means to feed and house myself, it could disappear any second, but it's open to all as long they're good enough.

It may also lead to things like running campaigns and that's a steadier gig.

You should know which areas you have made your works better at the moment and stick with it to keep your stably regular wage for your own personal needs and your family needs. In the same time, you can learn more about crypto, practice what you learn, and try to find a job with crypto related things to see how good you can do with crypto, and how much salary you can earn with crypto works with your temporary capability.
Anyway, if you can keep to do your works in mutiple areas, it will be better. It is very risky to leave your current works and switch all your works to crypto.
There is another topic, that discussed nearly the same question you raised in your topic:
Does anyone here make a living off the forums?
Some of my most favorite posts in the above topic:

I don't think he is going to save money from salary to invest on cryptos because he already mentioned that his salary is not enough to live by now so don't expect him to save and invest but what he have to do is keep his current job and also start involving on cryptos like trading or bounties initially it may not worth but once you have enough capital from bounties to start trading then you can be a full time trader as well.

Nothing wrong with what you are trying to achieve (having additional income). The way I understand your story is that you don't have enough salary and saving to invest in crypto. Perhaps you need to have some kind of a financial education first. Do you follow some saving tips like "pay yourself first"?

You should have state here whats about that learning and earning,because if thats about bounty hunting?better stop dreaming and live a real life.but if you are into trading then better spend more time here.read alot and bcome knowledgeable before entering the world of trading because its very risky

P.s. never put all your life in crypto,its more better if you have real job and just use this cryptocurrency as back up for future benefits

I'm also currently residing in the Philippines kabayan. My advice to you would be to simply do extremely well with your current job, for the hopes of you being promoted in the future. And at the same time, learn a skill online for free like blogging, programming, ecommerce, etc, on your free time instead of drinking almost everyday and playing mobile legends like most filipinos. The only way for you to end up on top, is to simply be better than everyone below you or on your level.

Best of luck.

Thanks for that advise, that is what i divinity i am doing now self-study only through reading some thread here that has a source of an idea from time to time i am here.

Great experience you share you made me inspire, the wage i have of 100% of it go to my rent and the rest was my daily allowance i don't have anymore excess money to by what i want to reward myself. If ever i had something to buy need a lot of adjustment for budgeting my money.:- (

Lets i give my experience salary from my real job at Indonesia Country. At here the minimum salary from the government its around 220$ Each month but some people still get under on the minimum salary from government example me only got 120$ salary for each month. If i compare with my passive income on cryptocurrency its really different because of crypto can make me got some another income for my bills and it's really helpful for me.

I'm from Philippines, I'm an average employee only enough only to sustain some daily needs. Striving to get more additional sources income. Monthly wage i got a more or less 250$ dollar. I tried before investing into trading due to lack of allowance expenses i withdraw it for about a month ago, thats why I tried here to explore to gain from others knowledge I'm a in a right path for my purpose?

You haven't told us where you come from, $100 is Western Europe is not the same as $100 in a third world country.
Do you have any knowledge about trading in general? It is worth pursuing but before investing any real money you should read trading related literature and learn more than just the basics to begin with.

This time I'm still catching all of the important info about crypto maybe it will take longer time I'm just planning only as were to focus more as profitable. I'm still with my work and I will not give up this unless I feel confident from myself that I learned and already apply it in actual.

Thanks, but I think we can still avail some of the insurance you are referring by ourself as voluntary payment if I'm not mistaken.

Before deciding, you must to yourself if you can survive in depending in crypto. If you're just starting, you woulsn't realize it yet. It's better not to give up your job yet unless your profit in crypto is enough so sustain your needs or even your wants in future.

Very good point. You have to compare your crypto-"job" with being an entrepreneur in terms of vacation, taxes and insurrances, at least here in Western Europe. So be sure to put about 50% of your income aside to pay taxes etc at the end of the year. As I said this is true for European countries, may differ in the country you live in.

Real jobs come with some other advantages like health insurances, retirement fund saving and corporate discounts.
It causes lot of interaction and create social circles. I come to know about crypto by my colleagues only so I guess job is also important.

If you'll just join bounty campaigns, it is not recommendable just to stay on bounty campaigns since the payment is not that stable. It'll be better for you to find a stable job. But, if you do trading I think it will be so much better than sticking to campaigns.

I am not confident I am understanding the question in the OP.....

It is not normal to expect to earn money while you are learning. Students typically will actually pay to gain an education, but sometimes work limited hours earning less than they might otherwise if the student was not in school. This is why many businesses give discounted rates for services and goods to people they can verify to be a student.

At the completion of your education, a student will no longer be a student, and can expect to leverage his newly acquired knowledge to earn a higher income.

If you want to get into "trading" I would say you should start with smaller sized trades before risking larger amounts on a single deal that has the potential to go wrong. You may want to wait until you have successfully spotted and stopped sizeable losses resulting in someone trying to swindle you until you move into larger, more profitable trades, that also entail a higher probability of losses.

Some have speculated you are considering using that tiny signature of yours to advertise a business while you "lean" and I would ask that you not do this. Please wait until you can discuss the subject matter with ease before you have an incentive to write more posts.

What country do you live in?

If you live in the US then you'll be very hard pressed to earn from crypto compared to a normal job.

If you're in the Philippines or Africa then it's very different and you may end up earning more than a local judge.

Either way the one thing you absolutely should not do is become dependent solely on crypto earnings. I remember people saying they were paying their rent from their sig campaign, then it shut down without warning a few weeks later.

First, don't pity yourself. You are working with dignity so don't call it as worthless.

Now, I reckon what adolfinwolf said. Educate first yourself and look for a skill of yours to cultivate. If you are into programming then you can get paid and start working with it. There's so much many ways to earn with crypto and if you want to be a day trader, you need to study it too and learn on how to mitigate risk.

Maybe if you know how to live without food, clothes and roof over your head then it is worth that. Otherwise, that's what is waiting for you if your give up your job and will study crypto all your time. You should buy crypto only for money that you can afford to lose. Also you need to have money to have a chance to wait some time in losses without selling your coins in case if you need to pay your rent during a dips.

First crypto earnings are also real. Secondly, it all depends on your skill to quickly adapt to the circumstances. How are things going with you?

Regarding bounties ... times are over were you could earn a decent amount of money by taking part in eg. social media campaigns. The last three bounties I took part in didnt even reach the soft cap, means that they either didnt pay anything or a bunch of worthless, not listed tokens.

So better invest your time in education, this will definitly pay off

You should also consider where you are working, I know someone that are software developer and a minimum wager. There's a lot of people thinks that there's easy money on crypto, well, they are wrong.
I know some people from my country that started in crypto doing bounties or some extra money in crypto that now are now working remotely and their salary is too huge, some of them are crypto related also.

There are well payed programming jobs in the crypto sphere, like the others have suggested. If you are a good programmer, you can earn a lot, much more than in other areas and much more than working for minimum wage salary. There are other crypto-related jobs that require no programming skills, but you have to have other skills and previous experience in marketing, public-relation, office jobs, and so on. If you are new to this sphere, hang around this forum to learn the basics but after that you should get involved in serious education if you want to have a real crypto job. What you can earn from bounties and airdrops is not even remotely comparable to even a minimum wage salary.

It's like asking if would you get good money if you became an artist or if you took a dentistry degree. It really completely depends on you and how good or bad you'll end up being. There are traders that make a living through trading, and at the same time, there are traders that end up losing money(which is mostly the case).

Not only bounty campaign but also trading. Just in case if someone was really pursuing to gain more knowledge about this kind of environment. Is it enough source of income?

Then actually try learning something that would give you a better job, or something that would make you knowledgeable to run your own business. Like what AdolfinWolf said, those altcoin bounties are a waste of time. Even if you could probably earn small amounts of money off it, what else do you actually earn from it? Pretty much nothing. It doesn't help you mentally and it doesn't help you in terms of knowledge at all.

If by "focusing more on crypto" you mean to join some shitty bounty campaigns - the answer is obviously no.

A much better idea would be to educate yourself on a number of things, and become good at something that society values/has a need for. ( eg Programming)

But damn, this is a rhetorical question to ask.

I'm just curious and still want to learn more about crypto not only to earn but also to share to anyone that there is another world that exists. I am working only as a crew got enough minimum wage salary. Is it right for those that feel worthless same as I am the income is insufficient in the real world to give up and focus more about crypto?