Post
Topic
Board Bitcoin Discussion
Re: Bitcoin, is it worth spending time collecting it?
by
wxa7115
on 16/01/2017, 17:22:22 UTC
Is it worth spending time to collect Bitcoin rather than having a daily job? What I mean is that can bitcoin be more economical? Has it ever happened that people lose their investment value rather than benefit from spending it on bitcoin?
What do you mean by collect? I would recommend for you daily job and then from money you earn, buy bitcoin.
Collecting from faucets or any other means are far far far less efficent than actually working and buying bitcoin from your payroll.
But I will recommend him for collecting bitcoins like working for earning bitcoins rather than doing a daily job for fiat because in some places the fiat salaries are much lower than what we earn in bitcoin especially in trading bitcoins.
In fact, some methods may be more efficient for people living in countries where the local currency is undervalued. But even for these people, it can be difficult to get the same payoff as regular job, unless the person is working for a more serious Bitcoin business, or if the person has his own business.
I don't think this is about if the currency is undervalued or overvalued this boils down simply to how much is the average salary that you can hope to get in your country and how much you can get with bitcoin.