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I think earning a bitcoin is definitely possible but it is not very likely right now. There are not many opportunities out there for you to get a living with bitcoin. Because bitcoin is not well known thats why it is good if you threat bitcoin as your other source of income

It is hard to make a living out of bitcoins, but it is certainly possible.
With dedication and some hard work you can make it, setting up a business is probably the best way to get profit.

Exactly setting up a business with bitcoin acceptance right now don't give much of profit, because only very few were aware of digital currency. Possibly users could earn good when enormous adoption happens due to the bitcoin's growing potential.

Bitcoin is not much popular at a moment so business with bitcoin won't work at this stage, its better to earn now rather then investing in it.

if bitcoin price increases it will be good enough to have a living by business with bitcoin . but we can't depend only upon bitcoin.

Yeah don't depend only on bitcoin if you are just making it as a sideline or just to invest your freetime but if your doing it as a full time job, it will help you a lot to earn a living because there are so many ways to try to earn a living like selling your service to other member from this forum like programming,video editing and many more and if you have that skills that are in demand i think it will be easy and you will bigger profits.

At a moment I don't think that it is possible to earn a living with bitcoin as price is not too high and its not possible for everyone to earn in multiple ways as it will require skills.