Making more off of Bitcoin than working

**Sherlock** · 24 February 2021, 8:28 am

When it goes down, it is even greater.

1. My payments from BTC bookies go up

2. When it goes further down a lot like one year ago, I am forced to wire even fiat money to Kraken, even when I promised myself I will never do that and buy more. (y2y appreciation is now 1000% by hodling)

3. I finally feel great for my employees who are paid in BTC, so they have more BTC; since they save most of the money. They will be rich in future, when BTC goes further up; once they are richer, I can finally say goodbye to world and start my career as a monk.

**DaftDog** · 25 February 2021, 12:59 am

Originally Posted by tufty

From the future and you have been selling BTC on its steep upward curve? Maybe it is time to send your DeLorean in for repair.

That made me snort, no offence to anyone.

**Pokerface** · 26 February 2021, 11:09 am

This week I am finding working much more profitable than Bitcoin. Hope Bitcoin starts in growth again soon. lol

**Sherlock** · 26 February 2021, 12:04 pm

Weeks like those are exactly the weeks when the most productive work should be BTFD at least for those who did not make their pension fund at 5, 50, 500 or 5000 USD/BTC. There will be hopefully a larger dip during the posthalving cooldown until 2024. But no one knows, it is bitcoin (and central banks now).

**latrobet** · 7 March 2021, 12:13 am

I must say I find this funny. I have been pushing BTC for some time now (years) and everybody has been saying the same, ohhh it will crash. Yeah it has crashed all the way up from $500 to $50000.

I have an affiliation with a crypto book and the conversions are huge.

**Jambo** · 20 May 2021, 12:05 pm

In my opinion all this crypto bots are just scam.

**Sherlock** · 20 May 2021, 1:17 pm

Cryptobots are not scam. It is just a tool connected to API. It is neutral. It depends what you want to do with that. It is useful for lending. It is useful for spreading sales/buys accross exchanges etc.

Of course 99% of people are idiots who use it for random gambling and they "make money" until they do not. People who market those bots and the "strategies" are as much scammers as people who are selling the betting tips (which also work until they do not).

Bottom line is that anyone who has an edge - in both crypto and betting - does not sell it. I know now for example a way how to make a decent money in crypto. Of course I do not persuade others or sell it for few dollars. I make money from it until it lasts.

**Martin Ardon** · 21 May 2021, 7:09 am

It's funny when Ilon says something and bitcoin jumps by thousands of dollars apiece

**Sherlock** · 21 May 2021, 7:57 am

It is also funny how Jerome Powell says something and bitcoin jumps, USD jumps, interest rates jump, whole earth jumps.

It is also funny how some politician says something and thousands of other people die.

Or it is just normal and it is called "a power".

So I find the only funny thing how the other billions of people incl. me are desperately trying to say something and nothing happens. It is called a "powerlessness".

So again: market did not collapse because of Musk, just majority of people for whom the Occam's razor is too boring think that. The defi was collapsing after blowoff top at shtcoin markets. I already wrote it. People could not trade. I was by that my god, trying to push my transactions through. Saying that Musk caused this drop is exactly like saying that Lehman brothers caused the 2008/9 drop. A deceiving nonsense.

**PROFRBcom** · 22 May 2021, 8:15 pm

Originally Posted by DavidShah

Even 1%-5% of your monthly income in crypto is a good long term investment,

It was good advice years ago.

I wouldn't be DCA'ing into the markets at any point in 2021.

There comes a point when things are too stretched and having dry powder is the smarter play.

With that said, exactly ZERO people I know listened to me and bought cryptos back in 2017 after the crash. Literally none. I told them all what you just said, but differently I suppose. I said to "put a single digit percentage of your net worth in crypto".

They would have doubled up.

Then again, they could have busted that too. Crypto is swingy!

Oh well, to each their own.

Maybe we all end up rich. Maybe we all end up poor telling stories of the days when we were worth millions, tens of millions, hundreds of millions of dollars.... and now we (repair the robot who) shine shoes.

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