Topic: What should we see bitcoin as? (Read 444 times)

In depending on bitcoin as a profitable investment you mist also be awre of the ling term formula which shiuld not be anything less than 5 years holding period and for such a time you have to first build a good understanding of the market and hiw it cycles work for or against you depending on how.


While we can easily hold our bitcoin in a decentralized wallets where only you have access to the private keys to the wsllet that make you the sole controller pf the funds in it all that you need to do is to securely protect your wallet keys from third-party access.

In as much as we knkw both the advantage and the disadvantages of Bitcoin and the risks therein it inherent for us to have it at the back of our mind that Bitcoin is not a get-rich-quick scheme so people should stop taking Bitcoin as such.

Anyone that you have the opportunity to do us better. If you want to use bitcoin as an investment,you should put into consideration your cash inflow and come up with a method which you want to use to buy bitcoin. Long term investment is the best so that you wouldn't stress yourself looking at the price of bitcoin and it is easy to handle.

All you need to do is to be patient with your investment and know the exact timeline that your bitcoin investment will yield you a good profit, so that you can stay focus till you get to the exact time. If you have the opportunity to get paid in bitcoin then it is even more better to you don't need to buy bitcoin anymore,but just keep some anytime you are paid as your savings. This will help you accumulate more bitcoin than when you are buying.

I personally prefer bitcoin as a source of income and payment solution. but I think generally bitcoin have more use as an investment for obvious reasons. finding a income with bitcoin can be tuff. but if you have good skills and know how bitcoin works you  can make pretty good income. for example you can find jobs with bitcoin payments of you can start something by your own like a blog then use bitcoin related ads platforms to earn bitcoin by showing ads on your blogs. (this is my favorite method among all)

At the moment investing in Bitcoin is a very good option as it will generate a great profit with time since the price has really gone down. But with the price, don't invest all you want to invest at once as the price can't still be predicted. Make sure you use DCA when investing.

Working for a crypto firm and being paid in Bitcoin that does not make Bitcoin my source of income, it's the job that I am doing that's my source of income while Bitcoin is the medium of exchange for my services.

I think Bitcoin mining and trading are the possible ways we can see bitcoin as sources of income. Bitcoin as an investment plan is the most popular and it means one needs to buy and hold to realize some profit. Which ever one might settle for is dependent on the person's pocket and knowledge and It's hard to say which is better. In the case of mining, you would need a big capital to get your miner, cover installation cost as well as electricity. Trading is not expensive, just the right skill set and small capital should be enough. Investment requires proper knowledge of the market and capital.

Bitcoin is a lot of things to a lot of different people but to me it is all about freedom to choose what I do with my money. The freedom to move it around as I see fit and the ability to protect it from anyone else forcing me to move it or preventing me from moving it.

More in relation to your question, bitcoin is long-term savings that is not likely to lose it's purchasing power over a longer time horizon. I wouldn't consider it a source of income or an investment. I would simply say that bitcoin is a tool to protect your income and investments in loss of purchasing power over a long period of time. 

people are more familiar with Bitcoin as an investment asset. That's the reality. those who trade may be able to benefit. but not as a source of income. They trade to increase the value of their investment in the future.
whereas you mean related to services that are paid for using Bitcoin. that's what we really have to choose. Bitcoin is an alternative payment besides fiat. I am still waiting for the day when the whole world will accept Bitcoin as legal tender for goods and services.

Bitcoin is the recommended cryptocurrency for anyone who wishes to invest in crypto coins with a lesser risk With long years investment plan you are sure of making profits from your portfolio but taking it as a source of regular income is what you should dream about because of its volatility it's not guaranteed that an income will be made out of it at the time you want it. It's a decentralized currency that no body is in control of so you can't accurately predict the next possible outcome which should make you to now depend on it as a source of income.

It's most suitable as a long time investment and not a rolling income source, except you have a skill you can render as a service online to people/organization that needs it or here in the forum that you get paid with BTC and that can serve as income source.

If you were an investment manager or my financial manger and you told me this asset has a guaranteed ROI..am walking out of the room as it sounds like someone saying me a dream they can not walk the talk! I know we trying to be the chief marketing personnel of bitcoin but let's factor in the risk that comes with crypto investments especially that too many factors affect its market movements and call a spade a spade! Besides, being an investor..people want to be told about the risk as the higher the risk, comes with greater rewards.

Going to go with both , though income will come out as a popular word to be used over time...so I guess this leans over to income 

Let me start from the subject, as for me, I see bitcoin from two dimension, one is from the digital currency and the last is from asset. Bitcoin has produced millionaires in the world which our leaders could not do but bitcoin has done it and that is one of the fact about bitcoin. As a currency it can be use in three ways again. To buy goods and services and also for trading then investment. And as an asset, it is the store of value. Bitcoin can be used as income from the two dimensions I mentioned.

Why not both? Why not view it both as a source of income AND as an investment plan in order to fully maximize its potential?

BTC can be considered as a source of income especially when you offer your services in payment for BTCs. For example, dozens of campaign signature offer services that pay a person BTC depending on your forum rank. Also, there are some services that require some special work/activity in payment for BTCs.

As an investment opportunity, by basing it also purely on its price history index, you would observe that the potential of BTC to increase its price on the market is significantly high. Given that the next fork would happen this 2024, it is really recommended for people to HODL their coins and sell them at a value AFTER the fork.

Start bitcoin as an investment. When you see your plan is already working and is giving you decent amount of profits most of the time, then it’s safe to say that it can serve as your additional source of income. Do not make it as your major source of income because the risk to lose is still high, instead find a real job. You may gain decent profits for now but there is no guarantees that it will still give you the same profits the next day. So do your bitcoin investment as a side hustle, without leaving your stable job.

Guarantees you say?
Well, that depends grossly on what are your plans for your investment. You jump into trading without having a good enough experience, you would be swimming in loses. You buy and when the bears come, you couldn’t hold for the season to pass so you can sell when the bulls are rocking the market, you’re as well tossed.
So yeah, the guarantees is dependent on your experience and plans towards your investment.

I’m having difficulty differentiating between it as a source of income or investment. Investments are sources of income so, you might want to straighten that up because, it doesn’t make a whole lot of sense to me.

Still, bitcoin is a currency and only serve as an asset while, you could trade it as well to profit yourself.

Of course I think both are equally good options or ideas. But I think it's the same thing, I mean it's the same in terms of the goal is you basically adopt Bitcoin and I think these two things could be sustainable.
"Sustainable" I mean if the work you do will pay you in Bitcoin then that's great because you can keep it at the same time for long term investing right?, but we know that not a lot of work is paid in Bitcoin.
But beforehand make sure that the job is a side job that you do because basically you also need a job that has a source of fiat income to meet or buy your daily needs. Because instead of having to spend your Bitcoin income to meet your daily needs, it's better to collect it for investment.

I mean what's better is what you can plan or do better just like. Bitcoin is viable for both anyways.

Just like what hatshepsut93, it depends on ya. Can you endure the 8 hours of trading in Bitcoin while having the thought of possibly not earning anything in a day or so? I just took Bitcoin as side hustle as well as kinda "investment plan" for retirement purposes, but I am not going to trade Bitcoin full-time ever. It's not something that I really love to do 24/7.

It just sucks when your country has so much policies before you can even transact with Bitcoin.

In my opinion both are profitable, you can make Bitcoin a source of income while investing. You can combine the two into one goal, when you have the opportunity to make Bitcoin a source of income, it means you also have the opportunity to make Bitcoin an investment plan.
You can fill in the activities between the main activities outside the forum to make Bitcoin a source of income, such as receiving payments in the form of goods and services using Bitcoin. Then the Bitcoin that you already hold can be used as the most profitable investment asset.

Bitcoin is a virtual currency that has gained a lot of popularity with the aim of changing the world today. If we look at the past and future of Bitcoin, we will definitely see a huge change in where people have invested their money and become rich. Currently people invest in Bitcoins mainly as a source of future income where they hold the investments for a long period of time just because of the higher returns. We've seen Bitcoin go to all-time highs when most investors made the most money. Although Bitcoin has advantages and disadvantages, I see mostly advantages, because currently many types of work are done with Bitcoin and everything can be bought with Bitcoin in countries where Bitcoin is legal. And what various shops and shopping malls have accepted payment by Bitcoin which is really done for the convenience of people and many benefits are available by transacting by Bitcoin very easily. So if an investor buys Bitcoin at the current position then wait till the next bull market and get a good amount of profit.

Just as others has said, don't take Bitcoin as a source of income, it's too volatile for you to think you can make profits from bitcoin whenever you want. It's better you use Bitcoin as an investment or as a currency because that's what it was intentionally made as when Satoshi ontoroduced it to the world. Satoshi called it a peer 2 peer currency and that's what bitcoin is. Other benefits you're receiving shoudn't be depended upon because it can seize to exist at any moment. If Bitcoin keep growing as it has done in the past, we might get to a point that the price of Bitcoin might stabilized and then it won't been seen as an investment opportunity anymore but it'll always been seen as a currency because that's what it is.


The jobs in the crypto industry are also as scarce as it's in real life because the industry is filled with those seeking for the jobs and if you're smart or have an edge over others, you mightn't get any offer because everyone is down pricing their service just to get the jobs and experience to qualify them for higher jobs. You have to be unique or you're not getting employed which is why bitcoin shoudn't be seen as a job. Having a job paying in Bitcoin doesn't have anything to do with Bitcoin directly because it isn't Bitcoin that's paying you but they're using Bitcoin to pay and they can always change that in future to stablecoin, fiats or other altcoins.

Bitcoin should be seen as a source of income because it is impossible for one to live alone on bitcoin profits. It is only bitcoin traders that can do this and they can't be sure of daily profits. Buy bitcoin from your monthly income and invest some portion on bitcoin continuously so that you can be able to make good profit after holding for a long period of time. Most people think that bitcoin can be used as a source of income when they don't even understand how to go about it. That is why some people invest in a short term and wants to take profit and they end up being disappointed. I take bitcoin as an investment for long term and not a means of income.

In my opinion, making bitcoin as the main source of income is certainly not wrong as long as we can analyze it technically, fundamentally and so on. but in my opinion it would be even better if we made BTC investment as a side business because investing in BTC does not guarantee that we will get profits because BTC has a fluctuating nature. so in this case it depends on the situation and conditions.