Don't ever quit your job to trade crypto. - page 11.

skarais

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Quote from: sujonali1819 on May 06, 2021, 12:51:30 PM

There are many threads already created like this. And many times already described the difference between real life job and the virtual trading life. The answer is the same virtual life earnings is act as a bonus point for someone and real life job is the best things to keep hold it strongly.

So I would like to say people never should quit the real life job for doing the crypto trading, Because nobody can guaranteed that crypto trade always give you the wins. But the real life job is permanent (very lower chance to lose the job, ex, covid 19) and most of the case the family and the society give you respect according to your real life jobs.

I think it's a wise choice for anyone. But it depend on what work they are currently in.
I know that trading is a high risk activity, but if it is done with the right knowledge and experience, one can still make a profit for a certain period of time. So, if someone can maximize their potential and make big profit in trading, then they should start their own business if previously they only depend on other people especially if they work in a place that doesn't generate a decent income.

sujonali1819

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There are many threads already created like this. And many times already described the difference between real life job and the virtual trading life. The answer is the same virtual life earnings is act as a bonus point for someone and real life job is the best things to keep hold it strongly.

So I would like to say people never should quit the real life job for doing the crypto trading, Because nobody can guaranteed that crypto trade always give you the wins. But the real life job is permanent (very lower chance to lose the job, ex, covid 19) and most of the case the family and the society give you respect according to your real life jobs.

Refrumatrix

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$CYBERCASH METAVERSE

You can't do jobs with real crypto trading, you need to face one and leave the other to become a pro in trading, I'm not talking about casual traders but the real deal here, there are few things to overcome physically and mentally if you really want to be a pro trader

vinca BK.

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Quote from: AniviaBtc on May 06, 2021, 08:01:42 AM

Crypto is just another source of profit and still passion is the most important thing to prioritize.

They can never be a profit source. Cryptocurrencies provided an easy opportunity to deal online, and you can now gamble, invest, via cryptocurrencies. And there is a market for them as well. Simply not a treasure, it's coins. If you were meaning the market for trading these currencies, then we cannot call it a "source of income", in the end, it is just an investment, no more, and investment is a profit or bearing a loss, not an income souce.

akirasendo17

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you can see or view trading as an easy task for every trader but for traders, its really hard there are lots of things you need to know, needs to read graphs, how the market starts, and close those things are very important, next is because there are lots of coins in the market you need to choose what to trade daily, because tokens and coins are steady in an hour then, go down in seconds or minutes, for sure they still don't know the stress of trading, because if they only knew they will think of quitting their day job.

onecall123

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It's not as simple as you can imagine. You need to put away your time and money then you will get dependent on this. The more cash you have in, the more you need to check. Since, It's hard not to look so this is a genuine issue. I used to be like this, now I just don’t care anymore. At the end, it's profitable to me so no matter what I'm in.

AniviaBtc

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Crypto is just another source of profit and still passion is the most important thing to prioritize.

I know that most of us wants to earn money and become successful, but we should also realize that there are some things that we should set in priority so everything is under control.

Also, cryptocurrency is much risky compared on doing your job so learn how to manage risk.

Looper_U

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You guys know nothing, there are pro traders out there that spend their time to learn everything about trading, they dedicated lots of time and now it's paying off, ive seen too many people that life alone on crypto trading, trading isn't easy that's why many run from it but when you get a hold of it your life will never remain the same

vinca BK.

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Quote from: Charles-Tim on May 05, 2021, 06:31:25 PM

Trading generally is risky, be it crypto, forex or stocks. You are right but I have different opinion on this. The only time best for someone to quit his/her job is not when crypto trading is sufficient for living because trading is risky, but the time when the person has already established a business that can also be another means of earning income which is not risky like trading. With this, the trader will have quality mindset to trade. Although, some people are basically traders and they are earning incomes, but not for everyone because trading is risky.

I agree with you, in my opinion trading is similar to gambling but differs in the amount of loss / gain.
The market works with the minds of people, so the alerts always come: trade with what you are not afraid of losing, that is, even if the person is professional and uses a million strategy, there is a possibility of loss. I am very sad to see someone who says his profession is trading in the forex market or whatever, he never thought about what he would do if he lost his money.

Welsh

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Quote from: Taskford on May 06, 2021, 05:22:18 AM

Crazy decision to be made by anyone since we cannot really earn a fortune for trading in first year of our career here maybe they should learn first before they quite since they will break everything what they have if they risk their future for tradings we know bear market always strikes and its dangerous if we caught and left bag holding since we possibly end up broke and became homeless if we push this idea.

Not completely crazy, although trading really isn't something I would recommend for those that are new to either cryptocurrencies or trading in general, because of their extremely volatile nature, a seasoned trader probably will have a lot of fun, because of its volatile nature. There's definitely profits to be made, and you could also argue that holding Bitcoin long term, might be as risky depending on your faith in the technology.

I wouldn't recommend anyone quits their job, to pursue something they've not had experience with. However, if you are good at it, and have enough experience then I why not. Bitcoin trading is as profitable as anything really.

XUR_TIP

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That's a advice to newbies who aren't ready to be fully committed to crypto trading, I've seen people quitting their jobs for crypto trading and they are now living ok than when they got a job, when you really want something to happen make sure you become so committed, expert and professional traders starts from somewhere and they sit at home watching charts and making thousands of dollars

Taskford

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Quote from: ogundowotoby01 on May 05, 2021, 06:15:27 PM

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.

The thing with any investment or business is that, no matter the amount of money you have, it is always good to start small and grow over time (don't test water depth with both feets). Because you are entering a new market and you need time to understand the market. Your job will stand as an insurance for you, in case of any loss. So keep your job, continue investing in crypto and growing your portfolio until the money you make from crypto is more than enough to pay for your lifestyle and also save. Then only can you quit your job.

Crazy decision to be made by anyone since we cannot really earn a fortune for trading in first year of our career here maybe they should learn first before they quite since they will break everything what they have if they risk their future for tradings we know bear market always strikes and its dangerous if we caught and left bag holding since we possibly end up broke and became homeless if we push this idea.

bakasabo

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Never seen a newbie asking whether he should quit his job, or dont do it, because he is a pro at trading. Being a trader is not easy. Person should realize that if he was lucky with one trade, that wont happen all the time. I see trader as a person that spends whole day behind several screens and monitors market for a profitable deal, while reading crypto related news. While at work, you could just work from 9 to 5 and go home. Is person really ready to work more if he is not sure that result will be successful?

Stalker22

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Some people say that trading is easy money, you just throw some money at the exchange and it will automatically grow for you like magic.
But is it really that easy? Not really, the money really does not come to those who invest a few dollars, it comes to those who invest a few thousand and more. Trading is not easy money at all. Just because you were successful for a couple of days, that doesn't mean you will make any money in the long run. You have to maintain your winnings and losses. That is why it is important to understand the fundamentals of the market.

If you are successful in trading, don't get greedy and don't get too excited. Only practice a couple of trades at a time. Also, unless you're experienced, never trade using leverage.

DigitalFox

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Quote from: cryptoaddictchie on May 05, 2021, 09:08:15 PM

I'm not a newbie but Id loss my job during the midst of pandemic and during that time the only thing I could draw money from was trading and investing. Yes it shouldn't but it did give me some good profits from trading. Now that the system is returning to normal, I'm gonna try if I'm gonna survive without my job and pull off the trading method.

You were lucky enough to have some funds saved to start with. Most of the people who ask about it don't have any starting capital IMHO, not to mention lack of knowledge. All they see is alts making multi X and want their bite without realizing that it's just temporary situation. I doubt that anyone who is really aiming at something would ask advice on internet forums instead of learning the trade.

Pokapoka124

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Quote from: ogundowotoby01 on May 05, 2021, 06:15:27 PM

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.

The thing with any investment or business is that, no matter the amount of money you have, it is always good to start small and grow over time (don't test water depth with both feets). Because you are entering a new market and you need time to understand the market. Your job will stand as an insurance for you, in case of any loss. So keep your job, continue investing in crypto and growing your portfolio until the money you make from crypto is more than enough to pay for your lifestyle and also save. Then only can you quit your job.

OP I feel a strong energy from your message. You sound so sure and I'm certain you have strong feelings about this. My question to you is this; Have you been in that situation before? If you had, then I'm guessing things went wrong and you regret your actions. Trading crypto is work just like traders on wall street. Its not a gamble, like every other profession, you need to be have an education to be a successful crypto trader. It's a full time job...I don't fancy OP's narrative of making trading sound like a passive thing.

Having a job is considered a safe plan. You're sure to get paid a salary at the end of the month( most times) and you don't have to bother about the company's risks or losses. You save enough to get you through retirement. Playing it safe is good ideology but that won't get you far if you have ambition. I have seen friends quit their jobs to pursue their dreams and passion, very few succeed at it but they move on because they tried at it.
The problem is newbies are lured in the crypto space believing they can change their lives overnight and become billionaires. A man who believes such can do anything.

Ebede

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Quote from: ogundowotoby01 on May 05, 2021, 06:15:27 PM

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.

The thing with any investment or business is that, no matter the amount of money you have, it is always good to start small and grow over time (don't test water depth with both feets). Because you are entering a new market and you need time to understand the market. Your job will stand as an insurance for you, in case of any loss. So keep your job, continue investing in crypto and growing your portfolio until the money you make from crypto is more than enough to pay for your lifestyle and also save. Then only can you quit your job.

Leaving your job to trade will add values for trader to exploits in trading, that reminds a trader that the necessary thing it have to do, to become successful is attentions, because engaging in business with lack of trust and interest will lead to collapse of business, and biblically and other religions believe let us know that we can't serve two masters at a time, therefore weather you trade or you focus on job so that you can be a specialist in one section.

boyptc

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Don't keep until you're well off with the amount you've got in crypto but even you reaches up to the point that you can retire because you've made well in crypto.

Still keep some cryptos on your hand.

Btw, trading is riskier. Take it from someone who had done it before and chose to hold.

noorman0

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[Nope]No hype delivers more than hope

If you live today, you should have secured your needs with a regular job. Cryptotrading can't guarantee your daily needs even if you are aiming for future savings. Moreover, the trading times are very flexible and will not bother you to carry out other activities.

aoluain

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In this current bull market if you are a successful trader my opinion is you should be able
to give up your job - Period. You should be able to make massive gains in this market as
a trader. While we are still in a bull market the proce is correcting a lot, traders dream,
If you can make the right trades!

Otherwise its risky, its takes experience, dedication, patience and time.

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