There are a lot of traders that are focused on trading and gaining profits with cryptocurrencies. I know that there are a lot of people who are handling different portfolios and different markets. Some skills can be transferred with varying trading needs, so it's not always going to be fully on cryptocurrency. Sometimes you should have multiple different incomes.
It's not just in trading that you could earn; you could also with bounties and other methods that you can do like Buy and Sell, etc. It's a vast thing, the world of cryptocurrency, and you must know where you would go.
Topic: Can One Actually Do Crypto Trading As A Living? - page 6. (Read 1086 times)
You can but that’s not appropriate, why will depend on trading for leaving, they only people that should try that are professional, if you are not yet a professional don’t try that, and even as a professional, it’s advisable not to have only single source of income, it is advisable you are having multiple source of income, immediately some beginners start trading and they start making money, they will start thinking about leaving their job which is very wrong some of them haven’t witnessed bear market before and they don’t know how to survive during the bear market.
I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.
One 'can' depend on anything they like as a means of livelihood, it is their life and they can do whatever they want. The question is 'should' one depend on cryptocurrency only as a means of survival and livelihood, then people can now answer you objectively, in my opinion i would say one 'shouldn't' (not can't) depend on crypto only as their job, when you choose a source of livelihood or a job, usually there is a certain or assured payment you must receive monthly or weekly, and there are also post-work benefits like pension, with these you can plan your life and take some important decisions like choosing an investment plan, etc. But if crypto is all you do, the risk is great, you can lose, gain, lose all, go broke or become rich; you do not know what to expect and how to make plans, that is why crypto is good as a second job, and not the first or main job. 
thus it's a lot of efforts, knowledge and skills to be profitable in crypto trading as well as depend on it for a living, personally I prefer forex trading whose volatility is moderate except during a RED news announcement that always increases price volatility.
The bottom line is that nothing good comes cheap. It takes a mastery of whatever one is doing to prosper in it. Whether cryptos or Forex trading, having a set skills and handle on such is key. Yes, I do agree with you that Forex trading is a bit more organized and less manipulated than what happens in the crypto industry. I'm certain by the time crypto gets just about half of the type of regulations the Forex market has got a lot of things will firm up.Yes OP, people can actually live on trading alone. Nothing pays better than indulging it as a career. Sadly, only a few take the time to learn the craft and expectedly become profitable in it.
I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.
It is very possible that there are those who can do it live from crypto trading but the percentage of those who succeed in doing it can not be known for sure, but when compared to those who fail it will probably be higher. My guess is that the person already has sufficient skills and assets and has gone through a long enough period of time to actually only do crypto trading for his living expenses.but what is certain is that Trading Crypto for Livelihood is quite worth it, in my opinion, with so many price movements, the opportunity to take profit is quite large, but it can also be the other way around.
I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.
Yes of course, if you are skillful enough and then you are also lucky to win most of your trades then you can probably survived day after day but if you think you don't possess that two qualities for a while, then you better not attempt to because your life can be in great danger.You must first find a stable source of income like working in a real job e.g office jobs and then you can practice trading on the side on your free time. It is true that many people talk about crypto and its potential but those people didn't directly say to quit your jobs and depend on crypto full time. You know, cryptos are too unpredictable so you are not sure if you can take profits continuously.
It is feasible to make money through trading, but it shouldn't be your full-time career. I occasionally trade and make money doing it. Having a business is preferable to gambling with cryptocurrencies.
I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.
It is very possible that there are those who can do it live from crypto trading but the percentage of those who succeed in doing it can not be known for sure, but when compared to those who fail it will probably be higher. My guess is that the person already has sufficient skills and assets and has gone through a long enough period of time to actually only do crypto trading for his living expenses.
Its possible but unless if you're a good trader, like you have a good skills and proper knowledge how to handle every situation in order to bring your account into green always everyday, wherein despite of some mistakes. Because tbh witj you mate i actually have my favourite trader but he is trading stocks not crypto for a living . And yes sometimes he faced some lose but most of his trades afterward has a good results and he still can regain more profits. So IMO it depends.
I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.
Of course, you can make crypto trading your main job to fulfill your daily needs. As long as we are experienced in the crypto world and have good
trading skills, it is possible to trade crypto for a living. But unfortunately the percentage that succeeds is very small, it can be said that most people
fail to make crypto trading for a living. I've been trying this myself since 2017, but until now the losses that I experienced were greater than the profits
that I made. Therefore I only make crypto trading only as a side job, and still work in the real world to be able to make ends meet. I think crypto
trading is very difficult because crypto prices are very volatile and very difficult to predict. So then you should try crypto trading, you will know
the answer after you try it. Since everyone has different trading skills, I know there are some people who have succeeded in making crypto trading
as a living.
I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.
It will depend on who you are and what you are doing in the real life. Putting all activities and jobs in cryptocurrency may have higher risks than having other jobs in real life. But in fact, many people focus only on crypto and leave the real job. ANd they are able to do it much better and fulfill all needs from cryptocurrency. I personally am also one of them. Right now, I only have jobs in crypto, this signature campaign, and doing trading (although not a regular daily trader). But this really pays me and really fulfills my needs. I am doing this because having no job in my real life although having searched for some jobs here. But this is too difficult to get the job. So, whatever the codnition,I must moptimize the eanring from crypto.
However,if you are new and don't have enough ways to work on crypto in whatever the activities, I think that it is no need to full worki here.
IMO, No.
Trading isn't an easy way of making money, it might that day it will lose them all.
I can't do trading to sustain my living, there's no stable source of income if you do that. But if you've said, trading could be an additional way of making money then, I tend to agree.
It might be good if you have a business first and then do trading, why do I say a business not a job? Because when your business becomes stable, you don't need to spend too much time on it which means, you've more extra time for trading. You can't rely upon a single source of income, it should always have an alternative.
However, making money in trading is possible but this is on a case-to-case basis and it depends on your skills. Because for me, trading isn't meant for everyone.
Trading isn't an easy way of making money, it might that day it will lose them all.
I can't do trading to sustain my living, there's no stable source of income if you do that. But if you've said, trading could be an additional way of making money then, I tend to agree.
It might be good if you have a business first and then do trading, why do I say a business not a job? Because when your business becomes stable, you don't need to spend too much time on it which means, you've more extra time for trading. You can't rely upon a single source of income, it should always have an alternative.
However, making money in trading is possible but this is on a case-to-case basis and it depends on your skills. Because for me, trading isn't meant for everyone.
I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.
In actual sense, cryptocurrency is supposed to be our second option to be survive in world. if actually you have something doing from my own perspective you have to know that nobody choosed Bitcoin as means of surviving. Because nobody knows the time frame of elapsed.
It depends on your skills, strategy and capital if you want to earn huge in trading and make it as a living. But for my own point of view and experiece, you can't consider crypto trading as a means of livelihood because of market volatility. It is still better to have another source of income while doing trade in crypto. Don't rely on trading alone.
I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.
Depends on what you are doing!You could really make a living with it but it would really be pertaining on how you do able to sustain considering that this market is totally unpredictable and there's no way that you could really assure that you could
make out profits day by day but if you do able to bare out such risk then its up to you to decide.Its your life and its just common sense on sticking into something which you do see that it would really be that
affecting your life on a positive way.
There are people who do make crypto trading as a living but this is something or a condition which not everybody could able to achieve.Its never been easy and would need that
extreme knowledge and experience towards the market first.
I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.
Yes, I have known people personally who've been day trading all of their lives now. But they didn't start as a trader in an instant, they've learned it along the way.It may sound easy but that's not what it is and they've been doing other things for their living for so many years until they've tried to move forward with trading as they see the potential of it. They're now depending on their daily lives and income with trading.
The discipline is there and as well as the capital, it is enticing when they tell such stories but the capital they use is quite high and they're not exempted in losses.
I've heard of many people talk about cryptocurrency and its potentials all the time and at a point I begin to wonder if one can just depend fully on cryptocurrency as a means of livelihood.
It is possible but it is nowhere near as easy as they make it out to be, to begin with you will need to have great abilities as a trader and those abilities are not easy to get, also you need to have a lot of capital, people dream of using a small amount of capital and multiply it over many times, but you need to be more conservative in your predictions, if you can get 10% profits per year, which sounds easy but it is not, and unless you could survive with that 10% of profits then you have no chance of living just out of your trading skills, so if you have plans of doing this I recommend that you keep your job and start to save all the money that you can while you trade on your free-time, and only once a few years have passed and your skill and capital are up to it then you could try to make this a reality. 
As many user already pointed out. Market volatility makes crypto trading almost a gambling which means you can’t get a consistent trading result unless you have an insider trading info because the market can be easily manipulated by news or fud in social media that usually invalidate all the TA for that particular time. You can’t make a consistent profit on this kind of market no matter how good you are on trading because the risk involved is too high with just a one huge price swing against your position even if you are just using spot trading.
Honestly to achieve success and become profitable in trading, such a trader must be well grounded in TA and fundamental analysis, for instance I was in a crypto trade on Friday which was already in profit, I wasn't aware that there will be a big news "Fed Chair Powell Speaks" at the exact hour he spoke almost 99% of crypto/USDT pairs reverses and dumped massively with high volatility, another obstacle hindering crypto traders is price manipulations, thus it's a lot of efforts, knowledge and skills to be profitable in crypto trading as well as depend on it for a living, personally I prefer forex trading whose volatility is moderate except during a RED news announcement that always increases price volatility. 
Yes, one can earn livelihood only in trading. Many people I know are doing it and have been doing it. But it depends on the level you are trading. You cannot be trading with a few hundred dollars and want to make livelihood from it. You should have enough capital and understand very well how to trade. I mean be a pro in trading, you can make a living from it. If you understand the risk, remove greed and have good financial management you can do it and be successful. Anybody can earning living from anything, it depends on your level of commitment and determination.
Yes it do, but the question is how good you're in trading?
I have a friend who like to trade shitcoins, usually he pick around 20-50 projects and hope either 1-3 projects will going to the moon. Because if at least 3 projects is successful, it can cover all the capital he use to spend to 20-50 projects, so if there's another one project become successful, he can earn profit. But it doesn't mean his journey is always smooth, there's few months he suffered a debt since the dump market make the whole coins can't pump.
Now this is why I actually don't consider it as a sole means of livelihood because what happens when one run into debts or when the market is in bear period and one has emergency. I still suggest a work with steady wage/salary to cover up emergency bills I have a friend who like to trade shitcoins, usually he pick around 20-50 projects and hope either 1-3 projects will going to the moon. Because if at least 3 projects is successful, it can cover all the capital he use to spend to 20-50 projects, so if there's another one project become successful, he can earn profit. But it doesn't mean his journey is always smooth, there's few months he suffered a debt since the dump market make the whole coins can't pump.
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