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Topic: A better way to invest in cryptocurrency. - page 10. (Read 1822 times)

sr. member
Activity: 854
Merit: 250
January 28, 2019, 06:40:38 AM
#64
That's right, there are a lot of people who experience regret after leaving their jobs to do crypto trading when the market really looks good. Currently the market is in a disadvantage and most of them start complaining and giving up.
sr. member
Activity: 910
Merit: 257
January 28, 2019, 04:35:40 AM
#63
I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

I think that's what most people do these days, especially when the market is in its bearish state. Myself, for example, I have a full time job, and I do all my cryptocurrency-related activities somewhat as a side job. So, whatever I get from it, whether there is income or not, I just keep it and don't rely on it that much. Most of what I get in the market, whether from investments or ventures, I just recirculate to the market for further and future investments, at least, that way, I am no using the money I earn from my job since I need it for my other needs, and especially, my family's needs.
legendary
Activity: 1414
Merit: 1001
January 28, 2019, 01:44:18 AM
#62
I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
That is a wise step. when market conditions like this, the safest way is to share the investment that we have. If we have real jobs in the world, we have to keep working and make investment in the crypto world a side job. Avoid risks during the bear market and we can get a comfortable situation in earning income.
sr. member
Activity: 826
Merit: 252
January 27, 2019, 11:00:45 PM
#61
I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!


That's the right way we should take, not because we are not brave person but to protect our asset and built future with wise calculation. Side job/ alternative income is really needed not just just because red market but to recovery our needed. The biggest question is which one that I should take to replace my investment and if fails what should I do? those question need to answer before enter the market, trust me.
member
Activity: 113
Merit: 10
January 27, 2019, 10:34:53 PM
#60
With side job there sure will be enough space for life needs and investment in crypto. And the level of stress is reduced drastically, investor should not be so worried about it. The problem is that people usually want to achieve some good profit in short amount of time and, looking at the movement of the bitcoins price in all this years, they think that bitcoin can provide that to them. The strategy that you propose is much safer but it require waiting, patient and that`s something that people today don`t have too much.
Exactly, Most people want to get rich quick. Even me.  Cool Cool Cool
full member
Activity: 481
Merit: 100
January 27, 2019, 09:51:46 PM
#59
I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
It is true that we are struggling for us to survive in this bear market. The value of most of ryptocurrencies are still low and most of it are still experiencing dumps. I am still here in the market because I have knowledge for me to avoid losses.
full member
Activity: 528
Merit: 100
January 27, 2019, 09:42:48 PM
#58
I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
Day trading is still the most preferable investment for me. Yes it is risky but I faith to my skills and knowledge. Even the market is still down,  I still earning profit because I keep using different strategies for me to handle the risks that I facing.
full member
Activity: 476
Merit: 100
January 27, 2019, 08:39:01 PM
#57
I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
All of the investments in this market are so risky so it is really good if we will carefully choose what investments that are suitable to us. You should choose investment that fit to your skills for you to become more productive.
sr. member
Activity: 750
Merit: 252
January 27, 2019, 04:16:11 PM
#56
With side job there sure will be enough space for life needs and investment in crypto. And the level of stress is reduced drastically, investor should not be so worried about it. The problem is that people usually want to achieve some good profit in short amount of time and, looking at the movement of the bitcoins price in all this years, they think that bitcoin can provide that to them. The strategy that you propose is much safer but it require waiting, patient and that`s something that people today don`t have too much.
sr. member
Activity: 798
Merit: 250
January 27, 2019, 03:19:28 PM
#55
That's right. It is not advisable at all to quit your regular job for working full time only with cryptocurrencies. The level of risk is always high, so it is better to keep working offline, while you invest some amount of your money and time for crypto work.
hero member
Activity: 1022
Merit: 538
January 27, 2019, 02:42:03 PM
#54
I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
I do not have a "side job" but I am a freelancer and that is what I always do. I get my money in bitcoin form and keep that bitcoins in my wallet until I need them, I cash out small by small like 50 dollars each time unless I need to pay some bills that are bigger (once a month I get like 100-150 dollars) and whatever is left stays in my wallet in bitcoin form.

There is absolutely no need to turn into fiat currency and makes no sense to do so since I prefer to have my currency in bitcoin instead of the worthless fiat. I only do change it to fiat when I need to because society is not ready for a fully bitcoin world but whenever that happens and we no longer need to turn bitcoin into cash and just use bitcoin whenever we want then I will never change it to fiat again.
full member
Activity: 540
Merit: 100
BountyMarketCap
January 27, 2019, 10:17:26 AM
#53
I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!


I certainly agree with you. We can't rely everything in crypto so it is still important to get a job while waiting for the market to recover. Having a permanent job is better than entrusting our daily necessities to crypto which is volatile and unstable.
sr. member
Activity: 1428
Merit: 358
January 27, 2019, 10:04:32 AM
#52
I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
The investment that you should make is suitable to your skills and knowledge. You should have plan before making investment because if you will just invest your money in the cryptocurrency market, there is high possibility that you will lose your capital. It is really now hard to survive in the market because of the risks that we are facing.
full member
Activity: 658
Merit: 102
January 27, 2019, 09:26:44 AM
#51
You can still hold or trade while you are working. Some of my employed friends bought bitcoinand some altcoin and for long term investments and others chose trading during their spare time. It is not good to quit your job to join the cryptocurrency trading because job provide you stable income and less risky. If your income or profits from trading is stable like your job then it is time to quit your job then stay focus on trading.
full member
Activity: 1498
Merit: 146
January 27, 2019, 09:07:50 AM
#50
I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
When someone quit their job means they don't have any source of income so how they can reinvest back into cryotos.But it is better to find a job for themselves in this market condition it will helpful to survive now and also reduce the risk of losing capital.
sr. member
Activity: 826
Merit: 265
January 27, 2019, 07:18:26 AM
#49
I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!
Why need to just get a side job when you can have a regular and permanent job ?then make crypto as a side job since they have already proven that in here there’s unstable profit.then you are right on the 10-20% may put as investments here and thats what most of us do now.relying on long term than daytrading
member
Activity: 700
Merit: 14
January 27, 2019, 05:58:50 AM
#48
I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
for sure those ppl who quitted their jobs is repenting now because of making mistakes decision . Even though they're all  knows that everything is just a tempory since forever doesn't exist.  For me in my opinion if i have stable job in real life i will never quit on it because we didn't know what will happen in the future. Indeed its a big help for us also to multiply our earnings . Especially for our daily expenses. Must manage the time instead to prevent regrets.

That's what you get if you want to become an instant millionaire. Sleeping overnight and expecting to gain profit the next day. It's not that easy and only a few people among the billion people around the world got rich with cryptocurrency. Better start looking for a job again if  someone quit their job as the crypto-market is not going to give you sh#t. Everyone is selling one after the other whenever there is just a tiny pump. If only everyone cooperates and not sell until a certain big price is reach, then we might see a better market. But everyone is so greedy on profit.

Irrelevant: By the way, this is my 666 post. I guess Satan is happy out there. LoL
sr. member
Activity: 1988
Merit: 283
January 27, 2019, 05:53:47 AM
#47
I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
for sure those ppl who quitted their jobs is repenting now because of making mistakes decision . Even though they're all  knows that everything is just a tempory since forever doesn't exist.  For me in my opinion if i have stable job in real life i will never quit on it because we didn't know what will happen in the future. Indeed its a big help for us also to multiply our earnings . Especially for our daily expenses. Must manage the time instead to prevent regrets.
legendary
Activity: 1904
Merit: 1000
January 27, 2019, 05:23:51 AM
#46
I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

The important thing is we shouldn't quit our job just to be a trader. Using only small part of our montly income to try our luck in trading would be better instead of staking our future just in it. It depends on each person on how to manage their financial for both daily life and investment, but we shouldn't risk everything in a thing that is still uncertain. I agree with you in term of investing 10-20% of our montly income into crypto currency as long as it won't disturb our daily needs.
legendary
Activity: 2170
Merit: 1427
January 26, 2019, 05:37:21 PM
#45
Trading is not that dangerous ones you have enough knowledge in the market as you were trading you will learn more too on the way.

Even if you have 'enough knowledge' there simply isn't a way to have it magically work in your favor. In the end, even the most skilled traders are purely guessing/betting that the price will go up or down. In that case it's more like an educated guess/bet, but you get the idea; there are no certainties in any market, you still expose yourself to plenty of risks.

People tend to overestimate themselves after a few profitable trades and up the amounts they allocate to each trade, and then burn themselves because the market doesn't always do what you want it to do. If you expect to profit off of each and every trade you are asking for problems. You don't have respect for the market and it's unreliable nature, especially here in crypto.
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