There are people who makes a living out of cryptoinvestment but will that be enough to consider it as a reliable source of income? I disagree. Bitcoin and this industry in general has high profit potential because of volatile market prices. But that is also the reason why it should not be relied on to sustain daily living. High risk and high reward but people often see the reward alone and not the risk involved. You'd win big time but for sure you'll lose countless times on DCA. And if you would engage with long term investment; prices won't consistently nd continuously increase which means, profit won't be fixed or continuous as well.
Investments are meant to just be an additional income unless you have different investments which would sustain your daily expenses. Investment alone in this industry won't be able to provide you that and if you don't hve other profitable assets in other field, then consider securing a consistent salary to sustain your daily needs.
Topic: Bitcoin investment, fulltime endeavor or side hustle? - page 4. (Read 590 times)
as a crypto trader sometimes, there's this question that usually comes to my mind and that is if there are people out there who are into Bitcoin investment fulltime and then if crypto currency paid me more than my current job, would I quit my job to go into Bitcoin fully?
So yesterday, as I went out at night to grab some snacks for myself. I bumped into a group of friends who were also into cryptocurrency trading. Then it turned on me that I should drop my question of whether Bitcoin or crypto trading could be a full-time hustle that would continuously put food on our tables in the near future and if they could quit their current jobs going into Bitcoin investment fulltime?Their responses were quit alike saying that
"to them, Bitcoin would continue to be a side hustle and since the price of cryptocurrency is volatile they could loss the value of their investment at anytime. they also said that they couldn't quit their jobs as that would continue to bring more capital for their investment"
after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?
So yesterday, as I went out at night to grab some snacks for myself. I bumped into a group of friends who were also into cryptocurrency trading. Then it turned on me that I should drop my question of whether Bitcoin or crypto trading could be a full-time hustle that would continuously put food on our tables in the near future and if they could quit their current jobs going into Bitcoin investment fulltime?Their responses were quit alike saying that
"to them, Bitcoin would continue to be a side hustle and since the price of cryptocurrency is volatile they could loss the value of their investment at anytime. they also said that they couldn't quit their jobs as that would continue to bring more capital for their investment"
after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?
At a certain age if one cares to sit and reflect, the decision made by a group of friends might not be the best decision for any one individual withing the group.
What am saying is that, if they do work at different jobs and are single or married, it could influence their decision on whether to trade or invest in Bitcoin fulltime or just tag it as side hustle.
I have seen some people who don't have jobs but have stuck to trading and live fine. I have also had colleagues back then with a company I worked with, who traded Bitcoin while keeping a job.
For me, i believe ones success in making anything fulltime hustle or side hustle, boils down to undivided focus. If one has skills that relate to Bitcoin and can do the work and have the patience, of course you can quit your job and focus fulltime on Bitcoin investment and trading if what you earn monthly equals or surpasses your paycheck at a regular job.
It depends on ones decision though.
You shouldn't have to quit your job to invest or trade in Bitcoin. Along with the job you will have enough time to invest or trade in Bitcoin. You should not quit your job because there is no trust in investing in bitcoins. we cannot confirm that you will only profit from the investment. Sometimes your bitcoin investment is doing very well if you quit your job at that time then you will not have any problem but when the market condition will be bad then you will face financial problems.
So even considering these things, the decision to leave the job and invest only will not be the right decision.
So even considering these things, the decision to leave the job and invest only will not be the right decision.
Bitcoin is not recommendable to be a full time job where you are relying for your monthly bills payments. Remember before you could do some investment and trading you would need some money so you could join in the market. Even if you say you earned a lot already in crypto it's still risky to quit your job since crypto are open to volatility's risk.
It will stay as a side hustle where you could earn extra plus if you are working on a company there's a benefit it gives to their employees since it's a centralized unlike Bitcoin. I've read it here that don't always put all eggs in one basket so it wouldn't be a waste when it's gone. It would be better if you have a variety of options for your money source than in just one especially if you could handle more.
It will stay as a side hustle where you could earn extra plus if you are working on a company there's a benefit it gives to their employees since it's a centralized unlike Bitcoin. I've read it here that don't always put all eggs in one basket so it wouldn't be a waste when it's gone. It would be better if you have a variety of options for your money source than in just one especially if you could handle more.
Side hustle, of course. Trading doesn't provide a steady income, and Bitcoin itself is volatile enough to not depend on it without a main source of income. I did manage to earn a decent sum of money while trading, but not all days were pleasant or enough to call it a full-time job—not even close. On top of that, trading is stressful enough by itself to be done full-time. Unless you have a great sum of money that you're willing to put into trading, which means potentially generating greater results, then no, I don't think it's feasible enough to be sustainable.
You need a main source of income in order to support yourself and have some level of security in case anything happens, as cryptocurrencies are volatile and may not always yield the result you're hoping for.
You need a main source of income in order to support yourself and have some level of security in case anything happens, as cryptocurrencies are volatile and may not always yield the result you're hoping for.
Quote from: Hatchy
What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?
Never you take BTC investment as a full-time job because, it will make you feel bad when month is coming to an end and the market price is still low for you to earn something, but it will be advisable for you to have it as a side job that will not too border you when the price of BTC continue to decrease than to use the opportunity to buy more of BTC and hold. Leaving your full-time job for BTC investment, is like you are leaving village to city not know that a day will come that your village will turn to City, so continue doing your full-time job and put BTC investment as a side hustle that will give you something that will increase your wealth in future. 
after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?
Rich people don't settle in one source of income. They become rich because they have multiple business, multiple investments, and their own jobs. You don't need to settle and work full time on investments or trading if you can work your job fulltime and sideline, investments should be just side hustle. 
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after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?
after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?
I want to ask you one thing. In your opinion, having one source of income or two sources of income, which is better? This life always contains surprises, so we always need B plans for it, and having 2 or more sources of income is one of those plans. With a world rife with inflation, and currencies depreciating daily, many people struggle to earn extra income from various jobs. Having 2 income sources is the dream of many people, including me.
As others have also said, bitcoin or crypto is too volatile and very risky. So quitting your job to spend all your time investing in bitcoin is really a bad idea. I completely agree with what those guys have said.
The crypto-beast, with Bitcoin at its heart, has been the talk of the town for the past ten years, hasn't it? Yet, the golden rule of the finance game is - big gains often dance with big pains. Yes, we've heard of lucky dudes becoming crypto-tycoons overnight, but for each glittering triumph, there's a graveyard of epic fails. With the crypto market swinging like a drunken pendulum, even a mere tweet (Elon, I'm eyeballing you!) can cause a frenzy. Therefore, if we gaze through the lens of risk mitigation, it's far from prudent to bet your whole kit and caboodle on Bitcoin.
But wait! Let's switch gears to a more philosophical lane. Sometimes, we gotta take the plunge into the deep blue mystery to uncover hidden gems. Bitcoin has unfurled a banner of immense potential, and it could totally revamp the financial terrain. Why not devote more time, gain deep-dive knowledge about the intricate tapestry of the crypto realm?
But wait! Let's switch gears to a more philosophical lane. Sometimes, we gotta take the plunge into the deep blue mystery to uncover hidden gems. Bitcoin has unfurled a banner of immense potential, and it could totally revamp the financial terrain. Why not devote more time, gain deep-dive knowledge about the intricate tapestry of the crypto realm?
as a crypto trader sometimes, there's this question that usually comes to my mind and that is if there are people out there who are into Bitcoin investment fulltime and then if crypto currency paid me more than my current job, would I quit my job to go into Bitcoin fully?
So yesterday, as I went out at night to grab some snacks for myself. I bumped into a group of friends who were also into cryptocurrency trading. Then it turned on me that I should drop my question of whether Bitcoin or crypto trading could be a full-time hustle that would continuously put food on our tables in the near future and if they could quit their current jobs going into Bitcoin investment fulltime?Their responses were quit alike saying that
"to them, Bitcoin would continue to be a side hustle and since the price of cryptocurrency is volatile they could loss the value of their investment at anytime. they also said that they couldn't quit their jobs as that would continue to bring more capital for their investment"
after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?
So yesterday, as I went out at night to grab some snacks for myself. I bumped into a group of friends who were also into cryptocurrency trading. Then it turned on me that I should drop my question of whether Bitcoin or crypto trading could be a full-time hustle that would continuously put food on our tables in the near future and if they could quit their current jobs going into Bitcoin investment fulltime?Their responses were quit alike saying that
"to them, Bitcoin would continue to be a side hustle and since the price of cryptocurrency is volatile they could loss the value of their investment at anytime. they also said that they couldn't quit their jobs as that would continue to bring more capital for their investment"
after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?
All the investment initiatives can be considered gambling, most people can't get stable income by cryptotrading, that's why most people consider it a side hustle. However, there are some people who either got a large sum after successful investments at the starting point of cryptoindustry (so now their main job is to be rich and chill out, while investing in crypto remains being their side hustle), and also there is a group of people who work as miners/coders for crypto. For them it is the main source of income, not a side initiative.
The work that you may have been doing for a long time that helps not only you but the family you have or dear parents or siblings helps them. I think if it doesn't become a hindrance to you doing bitcoin trading here in this business field then there is no reason for you to let it go.
Maybe you can give up your regular job if you can maintain your income for a month in bitcoin or crypto trading that is more than what you earn at work. If you do this every month, that's the time to say if you can really let go of your work and just focus on cryptocurrency as a full time trader.
But if it's not and you know yourself that you don't have enough knowledge, don't let go and make this Bitcoin or cryptocurrency part-time in your life.
Maybe you can give up your regular job if you can maintain your income for a month in bitcoin or crypto trading that is more than what you earn at work. If you do this every month, that's the time to say if you can really let go of your work and just focus on cryptocurrency as a full time trader.
But if it's not and you know yourself that you don't have enough knowledge, don't let go and make this Bitcoin or cryptocurrency part-time in your life.
Bitcoin is indeed volatile, but my main concern isn't with that. I just feel like having any single income source is risky and something that makes you a very dependent person. You can get fired from a job, or you may want to quit but feel too insecure about doing that because then you lose all of your income. I don't do any particular thing full-time and don't intend to do it, unless it's a case of extraordinary circumstances. Doing a bit of this and a bit of that helps to be a freer person, I believe, and it helps mitigate the risks that come with any jobs or from BTC's volatility.
after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?
I don't need to spend all my time looking at my computer or wallet because I am a Bitcoin trader or investor. I just need to look at the prices of some coins a few times or even once daily. So what will I be doing with the other hours? Maybe relax and eats snacks because I am a trader or investor. Even if I am a millionaire in Bitcoin, it will not stop me from engaging in my conventional job. Bitcoin will always be a side hustle for me because I want to be a professional in other endeavors that will assist me in contributing to the development of my area. Everything is not all about money but fulfillment derived from accomplishing a specific task. To avoid being a target of criminals it is good to still be working so that people will not know you own bitcoin.
I’ll speak for myself. I wouldn’t do this as a full time job unless I knew I already cashed out enough to live a good life and continue to invest and multiply the rest that I have in BTC. For example I think it’s a pretty good idea to leave your job and do Bitcoin full time if you’ve invested a couple grand a decade ago and held so far. You probably have enough by now to live a comfortable life with the money you cash out and still continue to do investing.
But for the most part of humans, this is just a “side hustle” as you call it.. some people are just waiting for the opportunity to cash out and buy themselves a car or a better home.. just like in businesses, how many people actually get to the level where they don’t do anything and earn money? It takes courage, luck, risk and a lot of time..
But for the most part of humans, this is just a “side hustle” as you call it.. some people are just waiting for the opportunity to cash out and buy themselves a car or a better home.. just like in businesses, how many people actually get to the level where they don’t do anything and earn money? It takes courage, luck, risk and a lot of time..
as a crypto trader sometimes, there's this question that usually comes to my mind and that is if there are people out there who are into Bitcoin investment fulltime and then if crypto currency paid me more than my current job, would I quit my job to go into Bitcoin fully?
Why close a source of income when you can make money from both ways, no millionaire has one source of income. Quiting shoudn't be an option unless you're thinking of going full-time into the cryptocurrency industry. If you're thinking of getting a job in the industry that'll require your full attention and the payrate is better than your previous job, then don't quit your job instead do both and make money money.
Trading or investing in cryptocurrency shouldn't be a job, you should have other main jobs while you do them separately or together as your side hustle or get a side hustle while you're investing or trading. If you're not working and been paid in Bitcoin, don't quit other jobs.
It's always wrong to close any source of income, unless you want to go all in on cryptocurrency trading. Then, I'll say you'd need absolute dedication to stay ahead of other traders in the market and make more profits. If the current work isn't providing you enough time to trade and the pay is nothing compared to what you make in bitcoin, then it's a decision that nobody can take for you. Although, going full time into side hustles sometimes gets boring especially when we just start the journey. Handling the both is also a better way of maintaining your financial security. Always have a second plan to fall back if bitcoin trading surprises you with a decline or losses. You can't predict the outcome of your investment unlike your office work, where you're sure of weekly, monthly or yearly payment.
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What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?
What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?
While investing or trading bitcoin can provide better income than traditional work, in terms of safety and sustainability, it cannot be compared with traditional work. Honestly, I have not seen anyone able to make regular profits from this market, especially during bear season, most of the time, it is tough to make a profit, let alone make a steady profit.
Moreover, in addition to instability, the future of this industry is still uncertain, so giving up your main job to focus on the market full-time is quite risky. We will have no way back if the market crashes. I would never quit my job to devote all my time to bitcoin, and it would be better to have 2 sources of income than 1.
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As long as you can't make a lot of money investing or trading bitcoins, you don't need to quit your job and stick to bitcoins as a part time job. It can help you make even more money and prepare for your future retirement when your bitcoin investment or trading can make you a lot of money.
But if you are more comfortable with bitcoin trading or investing and bored with your job, you can just quit. But you must understand the consequences because quitting your job means you lose your salary every month and you must try hard to earn money trading bitcoins.
But if you are more comfortable with bitcoin trading or investing and bored with your job, you can just quit. But you must understand the consequences because quitting your job means you lose your salary every month and you must try hard to earn money trading bitcoins.
What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?
Would you quit your job if you have a few thousand dollars in your bank account, your answer will be no, but you may quit your job if you have millions of dollars and then start using your money to make more money for yourself without being an employee to anybody.BTC is also a currency, and you quitting your job will depend on how much BTC's you have, if you were an early adopter who mined BTC and has millions of dollars in BTC, you may quit your job and use trading to keep yourself busy and make more money if you are lucky, and even though trading is risky and you lose many times, you have enough to stay afloat. I feel someone who doesn't have up to millions of dollars in BTC should not consider leaving their job for trading. Take note that trading is different from investing, the latter does not take time away from you, and you can do it while even working more than two jobs.
after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?
By itself, investing in bitcoin does not require as much time as a job, so even if my financial condition allowed me, I would certainly quit my main job. But I can't imagine that investing takes as much time as the main job, it would take a lot of time if I was a trader, but since I am a long-term investor, I do not need to analyze the chart daily in search of good trades.If everything goes as I expect, maybe in the upcoming bull market I can make enough profit on my investment to leave my job, but for now I keep working as it is my main source of income which also helps me replenish my investment portfolio.
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