Will you quit your day job to go full time on bitcoin? - page 77.

MingLee

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Quote from: romero121 on August 23, 2016, 11:05:37 AM

Quote from: hendra147 on August 23, 2016, 10:30:10 AM

Quote from: mirakal on August 23, 2016, 07:11:51 AM

Quote from: hendra147 on August 23, 2016, 07:02:56 AM

going full time on bitcoin is very risky if you not have any skill, because bitcoin not give you constant salary, the rate very unstable, so your salary not stable too, sometimes you get $100 sometimes $700 but if bitcoin price fail your salary can be only $50

You are right but in my case, I would not depend in working for a signature campaign if even I will quit my job for bitcoin. Maybe that time when it comes I will be a more successful trader doing some kind of day trading for bitcoins, and altcoins as well.

i think trading is more risky, signature campaign is the best source with only "small risk", if you want to go full time on bitcoin, i think mining is better than trade your bitcoin.

Every earning method has its own risk in it, for some users trading seems to be risky. At the same for some other signature campaign seems to be risky. So the risk nature depends upon the users perception. In my opinion having a day job and considering it a mode of investment is better than considering it a day job.

Everything comes with some sort of risk, there are just some things that are less riskier than others. Trading is considerably more risky than a signature campaign, however the trade-off comes with how much money you can make off of each activity. Signature campaigns have relatively decent returns for what you do, but trading definitely has the potential to net you far more than basically anything else.

crairezx20

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Quote from: romero121 on August 23, 2016, 11:05:37 AM

Quote from: hendra147 on August 23, 2016, 10:30:10 AM

Quote from: mirakal on August 23, 2016, 07:11:51 AM

Quote from: hendra147 on August 23, 2016, 07:02:56 AM

going full time on bitcoin is very risky if you not have any skill, because bitcoin not give you constant salary, the rate very unstable, so your salary not stable too, sometimes you get $100 sometimes $700 but if bitcoin price fail your salary can be only $50

You are right but in my case, I would not depend in working for a signature campaign if even I will quit my job for bitcoin. Maybe that time when it comes I will be a more successful trader doing some kind of day trading for bitcoins, and altcoins as well.

i think trading is more risky, signature campaign is the best source with only "small risk", if you want to go full time on bitcoin, i think mining is better than trade your bitcoin.

Every earning method has its own risk in it, for some users trading seems to be risky. At the same for some other signature campaign seems to be risky. So the risk nature depends upon the users perception. In my opinion having a day job and considering it a mode of investment is better than considering it a day job.

Yeah you have the point almost all have a risk.. so i think its still the best to have a job in real life and just make collecting bitcoin as your hobby..
Be a multi tasker is the best so that while you are saving bitcoins as your hobby you have a dream to start business in the future just saving bitcoin. and for your job in real life just use it for your financial..

romero121

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Quote from: hendra147 on August 23, 2016, 10:30:10 AM

Quote from: mirakal on August 23, 2016, 07:11:51 AM

Quote from: hendra147 on August 23, 2016, 07:02:56 AM

going full time on bitcoin is very risky if you not have any skill, because bitcoin not give you constant salary, the rate very unstable, so your salary not stable too, sometimes you get $100 sometimes $700 but if bitcoin price fail your salary can be only $50

You are right but in my case, I would not depend in working for a signature campaign if even I will quit my job for bitcoin. Maybe that time when it comes I will be a more successful trader doing some kind of day trading for bitcoins, and altcoins as well.

i think trading is more risky, signature campaign is the best source with only "small risk", if you want to go full time on bitcoin, i think mining is better than trade your bitcoin.

Every earning method has its own risk in it, for some users trading seems to be risky. At the same for some other signature campaign seems to be risky. So the risk nature depends upon the users perception. In my opinion having a day job and considering it a mode of investment is better than considering it a day job.

shane

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Quote from: LordCoder on August 23, 2016, 10:40:33 AM

Yes, indeed but it all depends on the kind of business I manage to achieve using Bitcoin. That's the key point to exit a full time job.

Yeah, the point if we can get great results on bitcoin, it is the right time to decide to go full-time on bitcoin. because I think if we've been getting more of bitcoin, we do not need to work for others.

LordCoder

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Yes, indeed but it all depends on the kind of business I manage to achieve using Bitcoin. That's the key point to exit a full time job.

hendra147

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Quote from: mirakal on August 23, 2016, 07:11:51 AM

Quote from: hendra147 on August 23, 2016, 07:02:56 AM

going full time on bitcoin is very risky if you not have any skill, because bitcoin not give you constant salary, the rate very unstable, so your salary not stable too, sometimes you get $100 sometimes $700 but if bitcoin price fail your salary can be only $50

You are right but in my case, I would not depend in working for a signature campaign if even I will quit my job for bitcoin. Maybe that time when it comes I will be a more successful trader doing some kind of day trading for bitcoins, and altcoins as well.

i think trading is more risky, signature campaign is the best source with only "small risk", if you want to go full time on bitcoin, i think mining is better than trade your bitcoin.

diegz

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Quote from: Blackmet on August 23, 2016, 10:13:48 AM

Yes, if i am sure that i will make more money in this way, but till i am not sure, i will stay here, don't like to risk when it's no needed honestly.

That's true, if there is no assurance yet in bitcoin world that it could sustain our daily living, I think it's better to just stay on day job and just give few time to collecting bitcoin, but if situation change and we could earn bigger in bitcoin, I think I could add more time on bitcoin and lesser on my day job... But now, I still don't see any sign that I am going to earn enough if I work on bitcoin alone.

vasrasus

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Still not bitcoin is fun and will really can earn more than the usual day job . But the effectiveness of someone facing the real world. Going to the office on time . Submitting before deadlines. Interfering with workmates and learning and exploring the chosen field might not be learn in at internet facing computer at home.But when time comes that I got tired of work and realizes that bitcoin really offers more that the job can give. Will definitely think at do it .

Blackmet

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Yes, if i am sure that i will make more money in this way, but till i am not sure, i will stay here, don't like to risk when it's no needed honestly.

Capradina

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Quote from: mishra1994 on August 23, 2016, 07:22:47 AM

Quote from: hendra147 on August 23, 2016, 07:02:56 AM

going full time on bitcoin is very risky if you not have any skill, because bitcoin not give you constant salary, the rate very unstable, so your salary not stable too, sometimes you get $100 sometimes $700 but if bitcoin price fail your salary can be only $50

Yes its really risky to go full time on bitcoins, the main reason is that it is very volatile currency as you mentione it will not give consistent or constant salary every weak or month,i dont think it can go down that much but still it does up and down in hours which is highly uncomfortable.

It seems to me that this incident is not something a big problem, because we can still get just by saving it and sell it when the price of the bitcoin soared. It can be done if we are to save the bitcoin into a market that has an extraordinary level of security and sell it at the price we want.

mishra1994

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Quote from: hendra147 on August 23, 2016, 07:02:56 AM

going full time on bitcoin is very risky if you not have any skill, because bitcoin not give you constant salary, the rate very unstable, so your salary not stable too, sometimes you get $100 sometimes $700 but if bitcoin price fail your salary can be only $50

Yes its really risky to go full time on bitcoins, the main reason is that it is very volatile currency as you mentione it will not give consistent or constant salary every weak or month,i dont think it can go down that much but still it does up and down in hours which is highly uncomfortable.

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Quote from: hendra147 on August 23, 2016, 07:02:56 AM

going full time on bitcoin is very risky if you not have any skill, because bitcoin not give you constant salary, the rate very unstable, so your salary not stable too, sometimes you get $100 sometimes $700 but if bitcoin price fail your salary can be only $50

You are right but in my case, I would not depend in working for a signature campaign if even I will quit my job for bitcoin. Maybe that time when it comes I will be a more successful trader doing some kind of day trading for bitcoins, and altcoins as well.

hendra147

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Activity: 644

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going full time on bitcoin is very risky if you not have any skill, because bitcoin not give you constant salary, the rate very unstable, so your salary not stable too, sometimes you get $100 sometimes $700 but if bitcoin price fail your salary can be only $50

kurniawaN

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As I am not a big capital trader,
It seems impossible for now living with only bitcoin.
Buy I want to open a business that accept bitcoin if the regulations permit it.

23dzmaz

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Quote from: torrentheaven on August 22, 2016, 09:22:16 AM

Quote from: sirohige on August 22, 2016, 09:18:09 AM

Quote from: tampazeus on August 22, 2016, 07:36:20 AM

Quote from: diegz on August 22, 2016, 07:31:04 AM

Quote from: JessicaSe on August 22, 2016, 06:39:47 AM

Quote from: BitFinnese on August 22, 2016, 06:31:59 AM

I wont quit my day job and go full time on bitcoin. I am thinking why should I quit my job if I can do them both at the same time. I always believe in multiple source of income. Even if my job in bitcoin surpass the earning of my daily job, it is so assuring that you have multiple stream of income if ever one source become unstable.

That's the right thing to do, if you are able to earn from both of them then you should go for it as it will help you in increasing your income and add more value to your wallet.

Not to mention that you could still practice your profession if you don't quit your day job... There are also lots of opportunity in real life that could make you earn bigger, but if you don't have opportunity in real life and you don't have a stable day job, better go full time with bitcoin..

Yeah if you don't have full time job then bitcoin gives you an opportunity to earn good money from it and if you work on your skills then you can earn better income in compare to your day job.

but if we have full job, and we can do bth of them, it's better to go both of them, we can get double salary is more better than focus at 1 way to get salary.

Yeah if you have good full time job then bitcoin is best as an extra income as it can surely take care of your basic expenses and in long run if you are comfortable with it then you can think of getting full time into it.

But still, it's a bit risky to quit your job and go full time on bitcoin. Because we don't know the future of bitcoin and the price of bitcoin itself. If something big happen on bitcoin, it will affect your job too.

Capradina

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Quote from: bamboylee on August 23, 2016, 05:58:20 AM

Quote from: Fatanut on August 23, 2016, 01:04:51 AM

Quote from: tabas on August 23, 2016, 12:45:42 AM

Quote from: Fatanut on August 23, 2016, 12:31:15 AM

Quote from: Ayers on August 22, 2016, 01:34:10 PM

if you have very cheap electricity you can build a small farm of few rig and be very profitable and leave your job i think, the earning would be something like 3-4k usd per month, i would be very surprised if anyone is earning that much in real life job now lol

Yes that would be really surprising because apparently, electricity costs a lot every where. There's no place that gives you low-cost electricity which makes your plan a little too far fetched. Your plan would also need a large amount of capital considering the fact that you're targeting a profit of 3-4K USD and it would be extremely boring since there would be not much effort that has to be done once the setup is done.

Well why not try to build up your small farm of mining rig by using solar panel if you are getting expensive bill to your electricity bill then you need to invest also for solar power. But I'm pretty sure you are going to get the return of your investment for few months and you are going to have no problem with your electricity consumption.

Having a solar panel instead of having electricity from an electricity company will cost you a lot. I don't wanna stress this that much but it will really cost you tons of money. Knowing that your "small farm" will be having mining rigs that should be able to generate 3-4K USD a month (in profits, other stuffs aren't counted yet in this price), then that means that you're gonna be needing an electricity that is sufficient to power these rigs every day and every night. With the additional electricity consumption for the ventilation of the mining rigs.

The mining rigs alone will cost you a lot, the land and the materials that will be used in building the room for the farm will cost you a lot, the solar panels will cost you a lot = This is some serious large amount of money.

Those cost is part of an investment. If you have enough money to start a mining farm and your study shows that it will be roi in a few months, then I think it is worth a try. After the initial cost, it will just be maintenance and everything if profit without you doing anything but wait. I think it is a win.

Yeah, it's something we do need to be calculated. But we should not retreat when looking at the possibility or the ugliness that may occur in the future. because it can be damaging to morale. you don't have to think about the cost of dizziness, if those costs really benefit you. Then you don't have to worry

bamboylee

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Quote from: Fatanut on August 23, 2016, 01:04:51 AM

Quote from: tabas on August 23, 2016, 12:45:42 AM

Quote from: Fatanut on August 23, 2016, 12:31:15 AM

Quote from: Ayers on August 22, 2016, 01:34:10 PM

if you have very cheap electricity you can build a small farm of few rig and be very profitable and leave your job i think, the earning would be something like 3-4k usd per month, i would be very surprised if anyone is earning that much in real life job now lol

Yes that would be really surprising because apparently, electricity costs a lot every where. There's no place that gives you low-cost electricity which makes your plan a little too far fetched. Your plan would also need a large amount of capital considering the fact that you're targeting a profit of 3-4K USD and it would be extremely boring since there would be not much effort that has to be done once the setup is done.

Well why not try to build up your small farm of mining rig by using solar panel if you are getting expensive bill to your electricity bill then you need to invest also for solar power. But I'm pretty sure you are going to get the return of your investment for few months and you are going to have no problem with your electricity consumption.

Having a solar panel instead of having electricity from an electricity company will cost you a lot. I don't wanna stress this that much but it will really cost you tons of money. Knowing that your "small farm" will be having mining rigs that should be able to generate 3-4K USD a month (in profits, other stuffs aren't counted yet in this price), then that means that you're gonna be needing an electricity that is sufficient to power these rigs every day and every night. With the additional electricity consumption for the ventilation of the mining rigs.

The mining rigs alone will cost you a lot, the land and the materials that will be used in building the room for the farm will cost you a lot, the solar panels will cost you a lot = This is some serious large amount of money.

Those cost is part of an investment. If you have enough money to start a mining farm and your study shows that it will be roi in a few months, then I think it is worth a try. After the initial cost, it will just be maintenance and everything if profit without you doing anything but wait. I think it is a win.

CrimBit

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Quote from: Zadicar on August 23, 2016, 02:24:43 AM

Quote from: Maslate on August 23, 2016, 02:09:35 AM

Quote from: Fatanut on August 23, 2016, 01:04:51 AM

Quote from: tabas on August 23, 2016, 12:45:42 AM

Quote from: Fatanut on August 23, 2016, 12:31:15 AM

Quote from: Ayers on August 22, 2016, 01:34:10 PM

if you have very cheap electricity you can build a small farm of few rig and be very profitable and leave your job i think, the earning would be something like 3-4k usd per month, i would be very surprised if anyone is earning that much in real life job now lol

Yes that would be really surprising because apparently, electricity costs a lot every where. There's no place that gives you low-cost electricity which makes your plan a little too far fetched. Your plan would also need a large amount of capital considering the fact that you're targeting a profit of 3-4K USD and it would be extremely boring since there would be not much effort that has to be done once the setup is done.

Well why not try to build up your small farm of mining rig by using solar panel if you are getting expensive bill to your electricity bill then you need to invest also for solar power. But I'm pretty sure you are going to get the return of your investment for few months and you are going to have no problem with your electricity consumption.

Having a solar panel instead of having electricity from an electricity company will cost you a lot. I don't wanna stress this that much but it will really cost you tons of money. Knowing that your "small farm" will be having mining rigs that should be able to generate 3-4K USD a month (in profits, other stuffs aren't counted yet in this price), then that means that you're gonna be needing an electricity that is sufficient to power these rigs every day and every night. With the additional electricity consumption for the ventilation of the mining rigs.

The mining rigs alone will cost you a lot, the land and the materials that will be used in building the room for the farm will cost you a lot, the solar panels will cost you a lot = This is some serious large amount of money.

I agree, we will only come to that thinking if we have generated a good amount of money coming from our savings from work, and I too believe that majority of us here does not have the capacity to start a mining business due to some capitalization problem.

Be realistic and live in the current situation but always consider your dream in the future.

True, even if we like to build a mining farm but the capital make us stops because its not a small money we are talking here but huge amount of capital since from the miners alone you would need large sum of money because its expensive , how much more on electricity and on maintainance for sure this would be a lot of expense. Well if we have this dream maybe start to save now with a goal of huge money saved.

are you know how much money must you pay for building solar pannel ?
for running 1200watt you need arround $5.000, and of course we can't predict the sun will be shine brightly every day

CrimBit

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Quote from: Ayers on August 22, 2016, 01:34:10 PM

if you have very cheap electricity you can build a small farm of few rig and be very profitable and leave your job i think, the earning would be something like 3-4k usd per month, i would be very surprised if anyone is earning that much in real life job now lol

it's not small monye to build biggest mining farm, to earning 3k permonth we need arround $18.000, the biggest problem for miner is unstable electric , in my village every monday the electric will be off for 6-7hours that's make me lost some earning.

Zadicar

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Quote from: Maslate on August 23, 2016, 02:09:35 AM

Quote from: Fatanut on August 23, 2016, 01:04:51 AM

Quote from: tabas on August 23, 2016, 12:45:42 AM

Quote from: Fatanut on August 23, 2016, 12:31:15 AM

Quote from: Ayers on August 22, 2016, 01:34:10 PM

if you have very cheap electricity you can build a small farm of few rig and be very profitable and leave your job i think, the earning would be something like 3-4k usd per month, i would be very surprised if anyone is earning that much in real life job now lol

Yes that would be really surprising because apparently, electricity costs a lot every where. There's no place that gives you low-cost electricity which makes your plan a little too far fetched. Your plan would also need a large amount of capital considering the fact that you're targeting a profit of 3-4K USD and it would be extremely boring since there would be not much effort that has to be done once the setup is done.

Well why not try to build up your small farm of mining rig by using solar panel if you are getting expensive bill to your electricity bill then you need to invest also for solar power. But I'm pretty sure you are going to get the return of your investment for few months and you are going to have no problem with your electricity consumption.

Having a solar panel instead of having electricity from an electricity company will cost you a lot. I don't wanna stress this that much but it will really cost you tons of money. Knowing that your "small farm" will be having mining rigs that should be able to generate 3-4K USD a month (in profits, other stuffs aren't counted yet in this price), then that means that you're gonna be needing an electricity that is sufficient to power these rigs every day and every night. With the additional electricity consumption for the ventilation of the mining rigs.

The mining rigs alone will cost you a lot, the land and the materials that will be used in building the room for the farm will cost you a lot, the solar panels will cost you a lot = This is some serious large amount of money.

I agree, we will only come to that thinking if we have generated a good amount of money coming from our savings from work, and I too believe that majority of us here does not have the capacity to start a mining business due to some capitalization problem.

Be realistic and live in the current situation but always consider your dream in the future.

True, even if we like to build a mining farm but the capital make us stops because its not a small money we are talking here but huge amount of capital since from the miners alone you would need large sum of money because its expensive , how much more on electricity and on maintainance for sure this would be a lot of expense. Well if we have this dream maybe start to save now with a goal of huge money saved.

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