Don't ever quit your job to trade crypto. - page 4.

BITCOIN4X

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Quote from: Kasabus on April 25, 2022, 06:38:30 PM

If you can do your job and the same time trade crypto, that will bring more profits than what you expected. Than just relying on crypto alone, there are no fixed income, and the moment you failed your trades, everything will end up in a mess. So always be practical whenever you decide, its better to be safe than sorry at all.

Having two sources of income is something good for good financial support. Doing these two things simultaneously is a hope, but not everyone is able to do it if time is very limited.

To me, if the trading or investment income we make over the course of a year is equal to the total average income from other jobs we also did in 15 years, then I think we should be safe leaving that job to trade or invest. But again, as I said before, we must know what the worst consequences will be if we don't want something to happen in the future. But when we managed to maximize the chances, then we should be satisfied with the result.

Kasabus

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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.

If you can do your job and the same time trade crypto, that will bring more profits than what you expected. Than just relying on crypto alone, there are no fixed income, and the moment you failed your trades, everything will end up in a mess. So always be practical whenever you decide, its better to be safe than sorry at all.

Masplanc

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Quote from: Nerdy doctor on April 24, 2022, 05:41:55 AM

It would be very foolish for an individual to quit a steady paying job and delve fully into crypto trading. In my opinion, btc and crypto trading in general should be an alternative source of income cause your investments in crypto trading could result in a loss. The steady paying job could also be lost in a second hence the urgent need to diversify in all that we do. Diversification cannot be overemphasized in the world we live in today

Some people may take decisions of quiting due to some issues that can of much stress, and if the job is not worth the stress or of the job is not giving them what they want like what they get from trading, it is possible for them to quit the job. Quiting a job for trading depend on how the looks like.

Ziskinberg

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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.

Everything in crypto is only temporary, so always keep your stable job because that is already a sure means for you to survive. However, for all newbies who are seeing crypto as a get rich quick scheme, then you are believing in a big lie. Everything in crypto needs effort and hardwork, if you are not prepared for that, then better do not enter in crypto. And another honest advice, you will only grow in crypto if you have another good source of income to rely, not on crypto alone.

Issa56

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Quote from: Kalchef on April 22, 2022, 12:42:14 PM

I have already quit my job for crypto, in my country we have jobs that pay too less for your hard work every month, I am talking about salary earners, be expecting 50$ per month and mehn, crypto has given more than this in a week, its worth quitting your job if payment or salary is too low.

The money is really too low, but I don't know the part of the world which you are from, some places their standard of leaving is low and $50 can go a little way. I don't know the kind of job you are doing, I don't know maybe the job those not allow you to have time for crypto currency trading, I know the payment is really sure but the payment is sure, in Cryptocurrency trading time might come which things might not be going well and you won't really be making money, but your job payment is sure everymonth.
If am you, I won't quit the job the only thing I will be doing is that I will make sure I create time for cryptocurrency.

Nerdy doctor

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It would be very foolish for an individual to quit a steady paying job and delve fully into crypto trading. In my opinion, btc and crypto trading in general should be an alternative source of income cause your investments in crypto trading could result in a loss. The steady paying job could also be lost in a second hence the urgent need to diversify in all that we do. Diversification cannot be overemphasized in the world we live in today

Luzin

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Quote from: BITCOIN4X on April 22, 2022, 02:14:13 PM

It makes sense if we quit our main job to get other more commensurate income including trading compared to the results of our main job. I ruled out signature campaigning as a job because it's a side job, but specifically for trading, we can actually make it a better job compared to $50-$100 for your main job monthly salary.

Yes I think having more expertise it would be better to meet our needs. Focusing on just one job sometimes makes us feel that we are not enough. Even today I am also like you, I still have a main job even though my trading income can exceed that. But I don't want to give up my main job happy with my side being a crypto trader. Of course this will support my financial situation. Maybe not only me you too.

Ahli38

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Quote from: Synerggy on February 03, 2022, 11:48:48 AM

Crypto is the biggest risk I've taken so far that did pay me well for all the time wasted, I think the risk is worth it unless your job payout is way better, where I'm from the dollar is a lifesaver honestly so even if my earning per day is 10$ its already a big earn in my country currency.

yeah right. if the salary from daily work exceeds the income from crypto then don't leave the job. but if the work done gives a low salary. there is nothing wrong with choosing to jump into crypto as long as we really understand and master the crypto trade itself. because if you don't know or master krypto itself, it's better to keep your job even though the salary is small.

same as in my country. $10 dollars per day is enough to meet daily needs.

Slimzeee

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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.

Generally I feel if one has to go far in trading. He/She has to give it an undivided attention. That way things and principles can be grasped easily and comfortably.
Having a job and trading at same time is way stressful and most likely lead to errors because the job itself requires undivided attention to be the best at it.. Two masters can’t be served at same time. But it will be better if one starts small, keeps trading working while taking time to , understand the principles and you’ve advised, Then quit, and focus solely on trading..

sunsilk

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Quote from: Kalchef on April 22, 2022, 12:42:14 PM

I have already quit my job for crypto, in my country we have jobs that pay too less for your hard work every month, I am talking about salary earners, be expecting 50$ per month and mehn, crypto has given more than this in a week, its worth quitting your job if payment or salary is too low.

That's totally a low salary on a monthly basis.

If that's the job that you have to sacrifice and you're earning more with cryptocurrencies whichever is the method you've been doing then it's worth it trades for you.

Anyway, still there's a point that before you quit and go full time in crypto, make sure that you're quite stable on your newly found venture.

BITCOIN4X

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Quote from: isaac_clarke22 on April 22, 2022, 02:01:46 PM

I can't imagine some just doing it like that. Making crypto as your primary source of income is not the great way to go. It is going to be horrible in the long-run even if you are earning in the first few days.
If people would really want to be in crypto industry as their primary source of income, freelancing is a great way, but not just mainly trading and SCs. SCs are unreliable source of income, it should be just in the side ones.

It makes sense if we quit our main job to get other more commensurate income including trading compared to the results of our main job. I ruled out signature campaigning as a job because it's a side job, but specifically for trading, we can actually make it a better job compared to $50-$100 for your main job monthly salary.

Of course there is a risk that we must bear in the long term but you can still start a new business from the results you get from trading such as opening a new business that you are interested in. But I believe there is always a way to survive the main job in the real world especially since we can trade not 24 hours a day.

isaac_clarke22

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Quote from: ShowOff on April 22, 2022, 12:49:31 PM

~

I can't imagine some just doing it like that. Making crypto as your primary source of income is not the great way to go. It is going to be horrible in the long-run even if you are earning in the first few days.
If people would really want to be in crypto industry as their primary source of income, freelancing is a great way, but not just mainly trading and SCs. SCs are unreliable source of income, it should be just in the side ones.

Woodie

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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.

But truth be told what works for someone might not work for you or everyone and vice versa. My advice, if trading crypto turns out to be paying you more money than your current job... I think the math here is simple, scale up with your crypto trading and push your self to the next level but before quiting one needs to weigh the benefits that will arise from leaving one job to the other, once all this is put into consideration then a decision can be drawn, Good luck.

ShowOff

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Quote from: Kalchef on April 22, 2022, 12:42:14 PM

I have already quit my job for crypto, in my country we have jobs that pay too less for your hard work every month, I am talking about salary earners, be expecting 50$ per month and mehn, crypto has given more than this in a week, its worth quitting your job if payment or salary is too low.

I don't think a decision like this is suitable for everyone even when you manage to earn 5x more in crypto than you would in your main job. Obviously there are a few things you can consider unless you are prepared for all the risks ahead.

I have a primary job that pays less than the current signature campaign revenue, but I need to know that it's not forever that I can expect this campaign to pay me weekly and monthly because there's an end.

But if you believe and have decided to leave the main job for trading that produces better results, then that is the final decision with all the consequences. I wouldn't quit my main job even if I didn't earn a bigger salary than any type of crypto job I currently have.

Kalchef

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I have already quit my job for crypto, in my country we have jobs that pay too less for your hard work every month, I am talking about salary earners, be expecting 50$ per month and mehn, crypto has given more than this in a week, its worth quitting your job if payment or salary is too low.

Munir575

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Quote from: TreyARC on April 14, 2022, 01:47:59 AM

I quit my job because the payment isn't worth the hassle, also my country's currency is less valuable than USD so getting paid in USD makes more sense when exchanging for Fiat, I'm all into crypto now and I already have a mining farm too, I prefer a life where I can be my own boss and have my freedom.

You're very lucky it turned out good for you and you should be happy about that because not everyone can say thesame. I know you're established already but having a stable job that pays even if its not much is always better. It always feels different knowing you are expecting payment at the end of the week or at the end of the month.

Bhig Daddy

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I wouldn't advice any newbie or anyone at all to leave there job for trading. Trading is very risky and it could all crash within a blink of an eye, so it always good to have insurance, something like a pole of risk, like something you can run back to when your trading start falling. So never quit your job for trading, besides it always good to have multiple source of income.

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Quote from: ice18 on April 14, 2022, 01:35:21 AM

Quote from: Rockstarguy on February 09, 2022, 04:26:10 AM

Even the most profitable traders don't quit their job for trading, they still hold on to their job. If a trader feels like quiting his job for trading that trader should be well established by having other business as income before taking such decision. Depending on only trading for living can be risky, you really can't tell what can happen along the lines.

Really? Most profitable trader and still want to have a job? For me if Im in this position where most of my trades are profitable then I will surely quit my day job, start a business and become a full trader actually you dont need a job anymore if you are the most profitable trader. In trading you can earn in a month 10x what you can earn in a year from your day job but in order to make this as you said you need to be profitable enough from your trades. You will only need a job if your trading skills is like 2/10 meaning you only have 2 wins in every 10 trades which is not profitable.

If most of your trades are profitable and you decides to quit your job and start a business it is a good plan ,atleast you have a good source of income which you are sure you can always get money from, you won't wont to depend on your cryptocurrency to much , even if their is loss you won't feel it that much because you already have a source of income. But when you only depend on cryptocurrency maybe you loss some money it can be terrible because that's the only source which money comes in.

TreyARC

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I quit my job because the payment isn't worth the hassle, also my country's currency is less valuable than USD so getting paid in USD makes more sense when exchanging for Fiat, I'm all into crypto now and I already have a mining farm too, I prefer a life where I can be my own boss and have my freedom.

ice18

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Quote from: Rockstarguy on February 09, 2022, 04:26:10 AM

Even the most profitable traders don't quit their job for trading, they still hold on to their job. If a trader feels like quiting his job for trading that trader should be well established by having other business as income before taking such decision. Depending on only trading for living can be risky, you really can't tell what can happen along the lines.

Really? Most profitable trader and still want to have a job? For me if Im in this position where most of my trades are profitable then I will surely quit my day job, start a business and become a full trader actually you dont need a job anymore if you are the most profitable trader. In trading you can earn in a month 10x what you can earn in a year from your day job but in order to make this as you said you need to be profitable enough from your trades. You will only need a job if your trading skills is like 2/10 meaning you only have 2 wins in every 10 trades which is not profitable.

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