A better way to invest in cryptocurrency. - page 9.

keanne_isaac

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Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

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!

Its really a tough decision giving up your daily job and focus for crypto trading but ifvyou are experience enough in day trading i guess its also a good decision but if you are s beginner or minimal knowledge in trading that would be a very risky decision. Much safer if you have a daily job and make trading as part time job only until you become more experienced.

The Cryptologist

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Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

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!

Me and other experienced traders or veterans has always said that you should not go full time on crypto if you don't have other source of income to support you. Trading in this type of market is not highly advisable to individuals who are average earners that who wants to quit.

manggis97

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Quit from the job and spend all times for trading is not good idea because we can not guarantee we will make profit monthly, we should be use trading activity as second job and we should be have others source income. Because the crypto market or stocks market nearly unpredictable. Spend times 2 hours aday is enough for trading activity.

Dewi Aries

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Quote from: HODL2090 on January 29, 2019, 01:50:02 PM

Quote from: avarnet on January 29, 2019, 01:36:58 PM

just trading now is still difficult for us to get profits, because the current market conditions have not changed. so what we have to do is to be able to get that big profit by holding it until the market experiences major changes

Trading is always difficult, and the possibilities of losing is similar in the bearish and bullish markets. Trading is an art which is learnt, to be sure it's still a gamble and everyone loses at a point, with more experience one would profit more times than not, in any market.

Actually if people trade without analysis, maybe they still gamble with market. But they wouldn't lose all their money like in gambling system. But that still on pros and contras because some people disagree with that.

HODL2090

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Quote from: avarnet on January 29, 2019, 01:36:58 PM

just trading now is still difficult for us to get profits, because the current market conditions have not changed. so what we have to do is to be able to get that big profit by holding it until the market experiences major changes

Trading is always difficult, and the possibilities of losing is similar in the bearish and bullish markets. Trading is an art which is learnt, to be sure it's still a gamble and everyone loses at a point, with more experience one would profit more times than not, in any market.

avarnet

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Quote from: KnightElite on January 29, 2019, 01:09:17 PM

Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

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!

There are now many investment that I tried before and I for me; the best investment that we can do is cryptocurrency trading. I love to take risks and that's why I still trading cryptocurrencies. I can get high profit from it but the risks are really high.

just trading now is still difficult for us to get profits, because the current market conditions have not changed. so what we have to do is to be able to get that big profit by holding it until the market experiences major changes

KnightElite

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Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

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!

There are now many investment that I tried before and I for me; the best investment that we can do is cryptocurrency trading. I love to take risks and that's why I still trading cryptocurrencies. I can get high profit from it but the risks are really high.

Tienquyendahn

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will people listen to you when they are rich ? Grin

herurist

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Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

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!

Good advice even too late for us right now, many people enter market with out alternative income, it will them bankrupt. Change our mindset about ways to invest is not easy specially if we already get income from crypto, but knowledge about risk is very important. Stay or not is your decisions but find alternative income is worth for you.

hridoyb

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Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

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!

People always accepted good feedback from others and when they get negative this time he gets out of control and we fail.In 2017 this was a cryptocurrency year and many people were rich this time because they struggle past but some people join crypto heard from other left her job and than crypto market get down and also they lost their job .Now many people try to struggle for life who invest money after 2017 December but this market never down forever and some people will be successful who struggle now.

udidrone

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Quote from: Wawa2013 on January 28, 2019, 10:51:52 AM

Yes indeed many people leave their jobs to trade on cryptocurrency, when the market is still good and now when the crypto market is declining, income from crypto is unreliable. For this moment I'm also dizzy thinking about how to get money and now I can't fully expect income from crypto, on the other hand I really have to work

Leave jobs for fully in crypto means we must have a lot of skills not only in trading, because if we can't trade for example in market condition like this, we can get another things to do. But if we do reckless and not think about that, leave job is bad idea.

Wawa2013

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Yes indeed many people leave their jobs to trade on cryptocurrency, when the market is still good and now when the crypto market is declining, income from crypto is unreliable. For this moment I'm also dizzy thinking about how to get money and now I can't fully expect income from crypto, on the other hand I really have to work

GrayFullbuster

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Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

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!

Gambling is also a good investment but it is not easy as you think because you need two things in gambling and these are luck and skills. I am not a professional gambler but I earn money from gambling. I do not prefer to make investment in it so you should carefully choose the most preferable investment for you.

Rebisco

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Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

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 investmest that you will do should be depend on your capital. If you have a lot of money, then make a investment with mining set for you to earn passive income. It is less risky than other investments like trading and participating in ICOs.

AnimeBoy_007

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Quote from: Nasty23 on January 28, 2019, 08:09:00 AM

Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

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 agree, it is better if we have a side job so that whatever the market situation it is we didn't worry but make it a chance to buy it in low price and earn more in the near future because cryptocurrency have a bigger chance to become widely used in our society on which can possibly give a huge demand on the market and make it more valuable.

It's not smart to quite the job until you didn't earn hundreds of thousands on crypto and convert it in fiat on time

and any investments are risky so never invest more than you can loose without suicide thoughts! I also don't see that trading is good idea now, investments is better solution which can give good income later, but not invest the last money! Just a part of your monthly income, I agree that 10%, maximum 20% is reasonable. But the question is: invest in which coins? Or invest in cloud mining? There is big discussion in another topic here about https://wallet.edinarcoin.com/?r=maximum-ide. The idea is that you invest minimum $100 and get 0.65% profit daily. Not much but much better than loosing

But I'm not sure that it is not scam. What do think, brothers?

Nasty23

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★Bitvest.io★ Play Plinko or Invest!

Quote from: Tienquyendahn on January 24, 2019, 04:55:27 AM

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 agree, it is better if we have a side job so that whatever the market situation it is we didn't worry but make it a chance to buy it in low price and earn more in the near future because cryptocurrency have a bigger chance to become widely used in our society on which can possibly give a huge demand on the market and make it more valuable.

Sadlife

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I can actually relate to this cause i too have quited my job to earn crypto currency through doing online jobs like bounty campaign and signature campaign's. It was really a good way to earn money cause its less hassle while in a regular job you'll get paid low amount salary for doing a very difficult job that needs to meet its deadline. I hope this year will be the recovery of bitcoin.

Caladonian

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Quote from: AhmadM on January 28, 2019, 06:58:11 AM

Quote from: jems on January 28, 2019, 06:40:38 AM

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.

That's why not recommended to leave our main job just because we got a lot of profit when the market condition is bull. Except, you are an expert in crypto trading who can earn profit on any market condition.

Even expert are having problem with changes paces from the current situations, not unless you already a whale who can control the directions of the trend
then you can generate big income, but for simple people/traders if you can hold with your current day job and you can invest portions of your earnings till the bull comes back is much better than risking your entire fate with crypto industry.

There's something that expert can do better than what we thought that we can do as well.

AhmadM

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Quote from: jems on January 28, 2019, 06:40:38 AM

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.

That's why not recommended to leave our main job just because we got a lot of profit when the market condition is bull. Except, you are an expert in crypto trading who can earn profit on any market condition.

therhslv

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Yes thats quite good method to do . But remember there is people out there that bought BTC at really low prices and probably sold some at ATH , so they don't need to worry about finding a job =D But yea 10-20% to put in crypto from wage you got at your job is good idea .

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