Real world side gigs for sats. | Bitcointalksearch.org

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: WhyFhy on December 05, 2023, 08:39:28 AM

I'm looking to stack some sats utilizing ideas like this over the holidays if you guys would like to contribute and ideas to be tested in this endeavor please drop it here and I'll try to utilize or implement your idea into this venture.

OP still doing this? Holiday season is on for some parts of the world and just around the corner for others. Odd jobs are always in demand but the amounts that each earn might not be worth converting to crypto individually. I could suggest taking fiat payment and converting to crypto in bulk to avoid the transaction fees at the most possible amount. Also depending on your skills or expertise, you need to build a customer base too, for that you need to market your service on social media, which takes time too.

Hence my suggestion is not to keep this as a one off holiday service, but start it with this year and continue every coming month.

Potato Chips

hero member

Activity: 2786

Merit: 902

yesssir! 🫡

I would just offer both fiat and bitcoin payment methods, this way you'll have a bigger target audience while still keeping the option of paying with bitcoin for the interested people. It is indeed very likely that you'll get more fiat than bitcoin but you always have the option of using the fiat money to buy more bitcoin.

You may use the general marketplaces but there are also some marketplace like craiglist (and some subreddits? -- vague memory lol) that allows you to mark post if cryptocurrency payment is also okay.

Husires

legendary

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Quote from: Darker45 on December 13, 2023, 07:58:48 PM

If the use of Bitcoin is more or less widespread in your area, you can definitely try it. But I wonder, will you be attracting certain clients simply because you accept Bitcoin? Or will your discount significant enough to make a difference with your clientele? If yes, then go ahead with your plan.

I can try paying for coffee and some supplies with Bitcoin using the Lightning Network, but I will definitely not buy something expensive like a new phone or a car with Bitcoin, especially at the present time when you can bet on the rise in the price of Bitcoin. Spending small amounts of Bitcoin to experiment is normal, but rarely does anyone spend something if they know that its value will increase. No one wants to buy a car with Bitcoin when they can buy Car, so Black Friday offers and gifts will not be affected.

Darker45

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If the use of Bitcoin is more or less widespread in your area, you can definitely try it. But I wonder, will you be attracting certain clients simply because you accept Bitcoin? Or will your discount significant enough to make a difference with your clientele? If yes, then go ahead with your plan.

But if I do this in my locality, I don't think Bitcoin acceptance would make a difference unless the discount is significant enough. It all boils down to the quality of the service, price, convenience, marketing, referral, and so on and so forth. Bitcoin payment and a little discount might not really be a game changer. But if your service is great, it doesn't matter. You can always build on your reputation, make more money, and use it to stack more Sats.

goldkingcoiner

legendary

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A Bitcoiner chooses. A slave obeys.

Quote from: hugeblack on December 13, 2023, 12:37:25 AM

Quote from: goldkingcoiner on December 12, 2023, 11:34:19 AM

You are forgetting the most important aspect of not losing money on trading. Do not sell on a loss. As long as you do not do that, you will have the same amount of Bitcoin as you did before.

If you have the luxury of choosing the time, you will not likely lose, but you will miss the alternative investment opportunity. Whoever bought at a price of 66k will have to wait about 4 years before making profits, and during this period he could have doubled his profits by investing in a different field.

That is absolute nonsense. If he did not buy more Bitcoin at regular intervals, then it is his own fault for missing investment opportunities. And unless you think that every trader has psychic powers to see into the future, then it is impossible to predict such opportunities. If people were to trade on whims, then they would definitely lose their money.

DCA and HODL are and remain the best strategies, in my view.

I'm still not sure what you mean by "the luxury of choosing the time." If he has extra money that he can use to invest, then he does have the luxury of choosing when to invest and how to invest.

Latviand

full member

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Quote from: joniboini on December 12, 2023, 10:38:20 PM

How would that be sustainable though? Cutting nearly a third of your usual price for services like console repair is quite a big discount. Unless the price of your service is overpriced at normal times, it probably won't last that long even if you bet on Bitcoin price making a new ATH sooner or later. I also discourage people from selling their skills for highly discounted prices since it can affect the market as a whole, which might affect your earnings in the future. CMIIW.

I think it will be sustainable but I think a lower discount would do much better because it's going to encourage your clients to pay you in bitcoin since there's a discount, that's actually a smart way to insure that OP will get more people to pay him in satoshis compared to just saying that they can pay in bitcoin, and it's not like you're losing too much in that discount because you're hodling for long anyway and they might be regretting paying you in bitcoin when the price starts pumping again. I do agree with you that we shouldn't sell our skills for a discounted price but that doesn't mean that we have to not do any discounts, if it would guarantee me that I wiuld get paid in bitcoin, I would probably just do the discount anyway, the point is accumulation after all and this is just a side gig so I think that it's not a bad idea to be doing discounts.

BenCodie

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Quote from: Cryptomultiplier on December 11, 2023, 04:33:50 PM

If you are so good with repairs, I believe you could also be good at offering some web skills like data analysis, data recovery, formatting and some web design skills in addition to maintenance.
I don't know how profitable it might be accepting BTC as payments, but if you are in for the growth and as an investment strategy, it is worth a try.

This is quite a good idea if the skills are there. Why not build a business and accumulate Bitcoin as an asset?

Quote from: Cryptomultiplier on December 11, 2023, 04:33:50 PM

Also is the case about your government regulations about cryptocurrencies, hope it won't be a problem?

Do you mean generally or in terms of tax? Not many countries have banned it on a level where odd jobs would be prosecutable. I doubt that a small few jobs here and there would cause a tax problem either, unless it gets to the point where a business should be registered, or where thresholds are breached. I am sure the value of most jobs could be considered as gifts for odd jobs (yes, I know how that sounds Wink

) if it's few, over long periods.

Taking cash and P2P'ing in through a decentralized/p2p exchange could be the way to go, if banks are not favorable.

hugeblack

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Quote from: goldkingcoiner on December 12, 2023, 11:34:19 AM

You are forgetting the most important aspect of not losing money on trading. Do not sell on a loss. As long as you do not do that, you will have the same amount of Bitcoin as you did before.

If you have the luxury of choosing the time, you will not likely lose, but you will miss the alternative investment opportunity. Whoever bought at a price of 66k will have to wait about 4 years before making profits, and during this period he could have doubled his profits by investing in a different field.

Quote from: joniboini on December 12, 2023, 10:38:20 PM

How would that be sustainable though? Cutting nearly a third of your usual price for services like console repair is quite a big discount. Unless the price of your service is overpriced at normal times, it probably won't last that long even if you bet on Bitcoin price making a new ATH sooner or later. I also discourage people from selling their skills for highly discounted prices since it can affect the market as a whole, which might affect your earnings in the future. CMIIW.

If there is an option to collect $1,000 in Bitcoin per month now, it could be worth $4,000 per month in a year, so offering a discount of up to 20% is not a bad idea.

joniboini

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Quote from: NeilLostBitCoin on December 12, 2023, 11:51:49 AM

If you're considering offering a discount, a discount of 30% or higher may encourage more people to use Bitcoin as payment, especially if many are willing to sell their labor at a discounted price.

How would that be sustainable though? Cutting nearly a third of your usual price for services like console repair is quite a big discount. Unless the price of your service is overpriced at normal times, it probably won't last that long even if you bet on Bitcoin price making a new ATH sooner or later. I also discourage people from selling their skills for highly discounted prices since it can affect the market as a whole, which might affect your earnings in the future. CMIIW.

NeilLostBitCoin

sr. member

Activity: 896

Merit: 303

Introducing Bitcoin payment in your area is a great idea. Before doing so, have you considered how much discount you will offer for Bitcoin payments? It may not be worth your time and effort to provide value, as giving a discount/promo means receiving less pay for the same work, which could negatively impact your business. Some people may be interested in availing of the discount, but it depends on whether they have access to many options to buy Bitcoin in their area and if it's worth their time. On the other hand, some may ignore your discount due to their hesitancy towards using or buying Bitcoin, especially if it's a new concept. Fear of the unknown can discourage people from trying out new things.

If you're considering offering a discount, a discount of 30% or higher may encourage more people to use Bitcoin as payment, especially if many are willing to sell their labor at a discounted price.

goldkingcoiner

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A Bitcoiner chooses. A slave obeys.

Quote from: Yamane_Keto on December 12, 2023, 09:53:07 AM

Losing trades in trading does not mean that you have lost your money. There is a stop trading order that you can place near a resistance level and start trading assuming that the support levels will be broken or sell directly when the price touches the resistance level here your loss will be closer to zero. Trading is not a losing or winning bet, as happens in gambling, but a correct prediction means profits, and an incorrect prediction may not mean a loss.

You are forgetting the most important aspect of not losing money on trading. Do not sell on a loss. As long as you do not do that, you will have the same amount of Bitcoin as you did before.

Many traders burn through their money just with trading fees because they feel the need to trade 20x a day to make a 1% profit but end up losing much much more in trading fees. They basically grind away their coins because they are trading without a strategy and without extensive knowledge of trading.

Although thats basically how I learned trading. I see the past losses as lesson fees.

Stepstowealth

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Quote from: WhyFhy on December 05, 2023, 08:39:28 AM

I'd like to see some input on how you might would go about this in your area? My thoughts are to offer a special and then offer a better

discount if paid with crypto. Odds are they will be paying via cashapp or Venmo anyways , why not take advantage of that?

Discounts in this season? even black Friday deals from many outlets did not offer so much discounts, and discounts have to be very attractive to get customers. I suggest that you increase or raise the price for your services right now above the normal, and then offer to still accept the old pay-rate for your service if your customer is to pay with cryptocurrency. Everyone knows that the economy is poor and the cost of many services have been forced to increase due to the cost of things and materials, thy will be happy to still be able to pay the old rate for services.

redsun114

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Leading Crypto Sports Betting & Casino Platform

Side hustles are a good way to earn a few extra bucks that can be used for anything, in your case, you are willing to use that to buy more Bitcoin or get paid in Bitcoin or other cryptocurrencies directly. Even if people that you do a task for pay you using CashApp, you can still use that money to buy Bitcoin within CashApp and then transfer them to your wallet if your CashApp is verified, I'm not sure of how things work now but they used to have such features in the past.

Giving out discounts should only be a viable option for you if you ask for a higher price in fiat and then reduce that amount if they are willing to pay in cryptocurrencies because if you reduce the original price that you offer, you will have a bad deal and it's better to just accept fiat and covert that to Bitcoin later on.

Yamane_Keto

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Activity: 630

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Losing trades in trading does not mean that you have lost your money. There is a stop trading order that you can place near a resistance level and start trading assuming that the support levels will be broken or sell directly when the price touches the resistance level here your loss will be closer to zero. Trading is not a losing or winning bet, as happens in gambling, but a correct prediction means profits, and an incorrect prediction may not mean a loss.

CODE200

sr. member

Activity: 1484

Merit: 323

Great and awesome initiative and the only problem that I can see in this one is that you're going to be convincing your customers/clients to pay you in bitcoin and it's likely that not all of them are familiar with this mode of payment, I'm planning to do this when I find a new job and try to convince the payroll or maybe even the boss to pay me in bitcoin. Good luck to you man and I do wish that you're not going to find a client that will be a hardass and that they'll pay you more than they should for your services.

sunsilk

hero member

Activity: 3038

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If you have social media accounts, it is best offer that there for your very first customers. Since you will be asking clients to pay you bitcoin, they'd know (social media friends) that you are in Bitcoin, of course.

Aside from them, some catalogues or signs that you offer posted outside your house for your neighborhood customers. I think these shpuld be the range first of your very first customers.

However, what can you say about potential wrench/physical attacks?

Die_empty

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Give all before death

Quote from: WhyFhy on December 05, 2023, 08:39:28 AM

I'm looking to do some side hustling for BTC and was going to experiment with some small concepts to see how they go.

These are going to be time based labor services such as rebuilding carbonators or computer/console repair.

I'd like to see some input on how you might would go about this in your area? My thoughts are to offer a special and then offer a better

discount if paid with crypto. Odds are they will be paying via cashapp or Venmo anyways , why not take advantage of that?

I'm looking to stack some sats utilizing ideas like this over the holidays if you guys would like to contribute and ideas to be tested in this

endeavor please drop it here and I'll try to utilize or implement your idea into this venture.

The easiest means of earning Bitcoin is to offer services that are related to blockchain or Bitcoin. This is because people who need these services might somehow own some Bitcoin to pay for the services. I don't know how many persons that need the services you are proposing own bitcoin. For them to enjoy the discount you are offering they have to change from fiat money to bitcoin before payment, this will be ambiguous.

For me, your focus should be on offering competitive prices for your service which will attract more customers to you. As they pay for the service with fiat you can easily buy Bitcoin with what you have earned. Nevertheless giving customers diverse payment options is not a bad option.

In my area, the Bitcoin payment option will not be a good idea because the government has enacted unfriendly policies that negatively affect Bitcoin. Although we have a high population of crypto owners, using Bitcoin for payments is unpopular. The coin is mainly used as an investment or hedge against inflation.

bitbollo

legendary

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Nec Recisa Recedit

from what I have seen (please take it as a free suggestion): the time required by these side gigs is never equivalent to the profit you will get unless we are talking about truly basic activities (enter captcha codes)...

it pays later, but it certainly pays much better, to study some aspects of this crypto sector and apply them to real world...

Apocollapse

hero member

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I'd say real world gigs should be paid with fiat, it's not funny if the problem about your service just because of payment option. While online gigs you can request to receive in Bitcoin, although I expect many people prefer to use fiat.

Quote from: SFR10 on December 11, 2023, 06:42:17 AM

How much better discounts are you planning to offer in comparison to your special offers?

Maybe he talk about this one? https://cash.app/help/us/en-us/30982-bitcoin-boost

adaseb

legendary

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Honestly in my area, even when crypto was near the peak in the previous cycles, nobody paid by or accepted crypto. Most people just keep it for speculation it seems.

Nothing wrong with side gigs but if they pay you with those apps, you will need to just convert it to bitcoin from fiat. Don't expect to find people who will give you work and pay you in Bitcoins, very rare for that to happen.

Only places that pay for work in bitcoin are crypto companies like exchanges. If you want to work from home you can find some gigs that way. However in my research they pay very little. Almost less than min wage if you are in USA>

Topic: Real world side gigs for sats. (Read 357 times)