Topic: Don't ever quit your job to trade crypto. (Read 2352 times)
It is always good to have multiple sources of income. So it is always good to keep our job while we are trading. Trading often times is unpredictable. In trading, we may profit a huge amount of money or lose it all. Having job will save us if ever our trading activity doesn't go well.
Crypto trading is so widespread that every single person wish to be a part of it but not everyone has understanding about it. Actually people appetite to be rich in one night but it is demanding not only in crypto but in all other zones. People should aware of every signal thing analogous to crypto trading and once it is initiated so do not leave it because with more practices gaining will be more attractive.
It never advisable to quit your job just to engage in cryptocurrency, like you job stand as a pole of risk in case you fail in bitcoin because investing in bitcoin is also like gambling nothing is certain and promised. Investing in bitcoin is totally based on forecast and predictions so it not advisable to quit something that is based on mare forecast or predictions to something that is certain.
This should be the norm, for those that are doing part-time trading. There's no need for them to quit their jobs because they can do two things at the same time. They can treat trading as a side hustle while keeping going with their main jobs. Having two or more sources of income nowadays is the wisest thing to do and can help to defeat inflation and keep up with the increase in the price of goods.
maybe different when the trader is already a professional in day trading. so that he can earn from trading daily for necessities.but it's true, trading in the crypto market is something very flexible. we can do it anywhere and anytime. even just taking time off from work, we can do that too. no need to rush out of work for experience in day trading. we never know what the future fate of our trade will be. maybe this week we are lucky, but no one will ever know tomorrow.
Trading is just a secondary source of income.
It can be an actual job for those professionals who have been living with the market. Your job should be still the primary source of income because trading is too risky. You don't know if you can gain profit because of market volatility and also if the coins you choose to trade is good and can give you luck to earn profit.
This should be the norm, for those that are doing part-time trading. There's no need for them to quit their jobs because they can do two things at the same time. They can treat trading as a side hustle while keeping going with their main jobs. Having two or more sources of income nowadays is the wisest thing to do and can help to defeat inflation and keep up with the increase in the price of goods.
Trading is just a secondary source of income. Your job should be still the primary source of income because trading is too risky. You don't know if you can gain profit because of market volatility and also if the coins you choose to trade is good and can give you luck to earn profit.
Is anyone here considering trading and investing crypto as a source of income? IMO, I won't.
Get a decent job and should have a stable source of income. In that way, you can fulfill your needs and also if your trading and investment habit.
Crypto trading and investing are very risky and I tend to agree with that, there's no assurance that you will and it's unpredictable either you will gain profit and you will lose, it seems a sort of gambling.
When you have a stable income, you can afford the amount that you want to invest in crypto, either it will win or loss in trading or waiting for an unknown time frame in getting profit from investing, there's no worry about it because you have a job which had a stable income.
I would also think that considering trading and investing crypto as a source of income or whatever it is that I can earn money but it comes with a risk won't be considered as a main source of income just like trading where there is a risk thennI won't considered it as a source or income just like in investing. Get a decent job and should have a stable source of income. In that way, you can fulfill your needs and also if your trading and investment habit.
Crypto trading and investing are very risky and I tend to agree with that, there's no assurance that you will and it's unpredictable either you will gain profit and you will lose, it seems a sort of gambling.
When you have a stable income, you can afford the amount that you want to invest in crypto, either it will win or loss in trading or waiting for an unknown time frame in getting profit from investing, there's no worry about it because you have a job which had a stable income.
I see a lot of newbies ask whether they should quit their jobs to trade crypto, and my honest advice is you should not try it.
It is foolish for a trader to rely on his trading in cryptocurrencies only and leave his job, the job must be the primary source of income that cannot be dispensed with, and trading is a sub-source of income so that if the trader loses his money in trading, he finds another source of livelihood that provides him with the money he needs to pay Rent, electricity bill, internet, and others, trading needs money in excess of the needs of the trader and he can lose it and do not regret it because the field of cryptocurrencies is full of risks, so the trader must be smart and not leave his job or sell what he owns.
Quitting you job for cryptocurrency is not something anyone should do, bitcoin is something I will say it like a gamble, because all of it is based on predictions and forecast, it not something that is certain but with you job you are guarantee of earning your salary no matter how little it is but it something you can count on. So it better to have something you can count on rather than something that is base on mare forecast.
It's a matter of choice. Choices differ. Someone that earns way more than the salary offered to him as a job, can decide to quit his job and face totally on crypto trading. Many are doing it, and they are not regretting it to date.
Some risks are involved in crypto trading but once it's mastered you would make more than someone that depends solely on his or her job
What's good now is that crypto isn't just limited to trading. But various job offers are also in here specially to the successful projects that are hiring developers and managers. Some risks are involved in crypto trading but once it's mastered you would make more than someone that depends solely on his or her job
That's why it's up to them to decide on how they're going to response to these overwhelming opportunities that one can see in the crypto industry. Because this isn't just a dream only but an actual reality that many still can't believe up to this date.
Actually I do the same situation but I guess it becomes mistake because currently the market is not showing a good uptrend and today it is quite hard to find a job because of the qualifications they really needed in the industry still it is better to make a background in the job at the same time it is an experience that can be use to apply and use the trading as just a sideline because it is really costly to have it. But if OP will well prepared to make a trade and knowledge nothing wrong to do with a full time as a trader.
Thank you for your words! I hope this will save someone's life and career!
It's a matter of choice. Choices differ. Someone that earns way more than the salary offered to him as a job, can decide to quit his job and face totally on crypto trading. Many are doing it, and they are not regretting it to date.
Some risks are involved in crypto trading but once it's mastered you would make more than someone that depends solely on his or her job
What's good now is that crypto isn't just limited to trading. But various job offers are also in here specially to the successful projects that are hiring developers and managers. Some risks are involved in crypto trading but once it's mastered you would make more than someone that depends solely on his or her job
That's why it's up to them to decide on how they're going to response to these overwhelming opportunities that one can see in the crypto industry. Because this isn't just a dream only but an actual reality that many still can't believe up to this date.
If you are good in trading and you know you can be trading and making profit then why do you have to stress yourself and be workings, most companies are just using their staffs and at the end they will just pay small money, but as a trader you can be making your cool money from the comfort of your house, but before you can rely on trading for survival you halve to be a professional first.
No matter how good you are at trading, there will be times of loss and you should know that the market is very unpredictable, we cannot be sure what this market will be like in the future.
Cryptocurrency can be a place where you can make a lot of money but it is a nascent market compared to forex or stocks so the risks are huge, it may be broken or completely banned by the government where you live...
Outside work sometimes it only gives you a meager salary but it is steady and sure. Smart people always find ways to diversify sources of income, and should not depend on just one source because life is always full of surprises, always have a plan B for the future.
If you are good in trading and you know you can be trading and making profit then why do you have to stress yourself and be workings, most companies are just using their staffs and at the end, they will just pay small money, but as a trader, you can be making your cool money from the comfort of your house, but before you can rely on trading for survival you halve to be a professional first.
Not just easy because as we all know that in trading no one is perfect in short we make some mistakes that lead to us losing our profit, not all the time but if our unlucky day has come no one can say that we are always successful in trading. We must stay focused on our main job to sustain our needs, because crypto is just for support only and do not make it as a source of income . 
Crypto does not guarantee success, but crypto can be a side job that can support the main job. if these two jobs are done then your finances will improve, because you will get a monthly salary from your main job and earn additional money from crypto such as trading and doing other work in crypto. and in crypto you should not be too greedy because it will be the beginning of your destruction. currently I am sticking with my main job and working in crypto at the same time with a suitable time share.
It's a matter of choice. Choices differ. Someone that earns way more than the salary offered to him as a job, can decide to quit his job and face totally on crypto trading. Many are doing it, and they are not regretting it to date.
Some risks are involved in crypto trading but once it's mastered you would make more than someone that depends solely on his or her job
Some risks are involved in crypto trading but once it's mastered you would make more than someone that depends solely on his or her job
I will never advice anyone to quit it job or business for cryptocurrency or forex or anything as such. Cryptocurrency is nothing that guarantees you success, At least in a job you are assured of getting paid by the end of the month but in cryptocurrency is not so. Crypto can make you so rich and at the same time it could go wrong for so it advice to have something you can hold on to when things go wrong.
If you are good in trading and you know you can be trading and making profit then why do you have to stress yourself and be workings, most companies are just using their staffs and at the end they will just pay small money, but as a trader you can be making your cool money from the comfort of your house, but before you can rely on trading for survival you halve to be a professional first.
You are correct, but there are risks in any business, including cryptocurrency trading.Assume you invested all of your money in Bitcoin when the price was around $50k and you're waiting for a price increase to take your profit; now that the price has dropped to around $20k, how can you profit? Always consider the risk involved in any investment before beginning; take the time to learn about what you are about to begin; don't just do your job because you know you are a great trader; no one can predict what will happen tomorrow, so always take chances.
If you are good in trading and you know you can be trading and making profit then why do you have to stress yourself and be workings...
Because no matter how good a trader is, he will make mistakes that will cost him money. Making profit doesn't just depend on your knowledge of technical analysis and reading charts. There are so many other things that can go wrong where you can lose your money or miss a good opportunity to make some.- The exchange can get hacked.
- It can suspend trading.
- It can freeze your account and request additional KYC.
- A negative event in crypto such as a rug pull or exit scam can influence your positions and liquidate them even if you did everything correctly and it seems you are in for some decent profit.
- Your hardware can fail at the most inconvenient moment when you see an opportunity for a trade.
- Regulatory frameworks can change that suddenly restrict you from using your favorite exchange, so you have to find a new home, set up an account, verify it, deposit the needed coins, etc.
Trading crypto should be a side hustle, it doesn't worth quitting you job, quitting your job can only be done if you have another stable source of income to maintain you. Bitcoin has it's risk, quitting your job to focus on Bitcoin as the only source of income should not be considered. For instance, Early this year Bitcoin as given almost all it's users heart attack due to the plummeted value on the market. Imagine if it as a user you have quitted your job, how would you have managed yourself?.
Even when the market is bullish, never considered quitting your job.
Even when the market is bullish, never considered quitting your job.
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