Don't ever quit your job to trade crypto. - page 5.

Ahli38

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Quote from: Vaculin on April 12, 2022, 04:32:17 PM

Quote from: mirakal on January 07, 2022, 04:40:55 PM

Quote from: Maestro75 on January 07, 2022, 04:26:36 PM

Am sure everyone wants an easy life, providing food and money for the family by the job we do. It is hard already for those who have jobs to keep them afloat through salaries and wages they earn. Now think of what the situation will be with those who do not have a regular paid jobs at hand. I will not advise anyone to quit their job and go into trading cryptos which is often a complicated industry. If you have a secured paying job, keep it and never risk quitting it for cryptos.

If you just want to feed your family, keep the job. Trading is a risky venture, you don't only use your effort to work but you also need to invest money, so this is not for everyone as the majority of us are not risk-takers, we like job security. However, if someone desires financial freedom and willing to risk their money in trading, then this is the answer as you can train yourself, improve and you'll eventually become successful in the long run.

Trading will never give you a fixed income on a regular basis, so you should not risk quitting your stable job just to focus on trading. Especially if you have a family to feed, trading will never guarantee profits and it may leave your family into hunger. However, trading can give you consistent profits if you are skilled in trading, but even how good you are, you are still susceptible to losses. This is why trading is very risky, so i won't suggest making it as your main source of income as there are no assurance if you will win or lose your trades every time you trade due to market's changing condition.

I totally agree with his suggestion. because crypto trading is far from stable. because the price is fluctuating. so a backup plan is necessary when experiencing losses in the crypto market. namely by continuing to work outside of crypto trading. because I prefer crypro trading as a side job. even if you earn more from crypto than your job. but believe me in crypto will not profit forever. there is a time for you to lose. and that's where we'll be really grateful not to quit our jobs.

Issa56

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Have seen lot's of people complaining about the job they do that is really stressful and the money they get from crypto trading is far more than the salary they collect from the job, so must of them are planning to quite their job because they are making much money in trading and is less stressful. I will never advise anybody to quite job because of trading, trading can fail you at any moment so is better you have a backup plan, which is better you get a job or you have your own personal business.

Vaculin

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Quote from: mirakal on January 07, 2022, 04:40:55 PM

Quote from: Maestro75 on January 07, 2022, 04:26:36 PM

Am sure everyone wants an easy life, providing food and money for the family by the job we do. It is hard already for those who have jobs to keep them afloat through salaries and wages they earn. Now think of what the situation will be with those who do not have a regular paid jobs at hand. I will not advise anyone to quit their job and go into trading cryptos which is often a complicated industry. If you have a secured paying job, keep it and never risk quitting it for cryptos.

If you just want to feed your family, keep the job. Trading is a risky venture, you don't only use your effort to work but you also need to invest money, so this is not for everyone as the majority of us are not risk-takers, we like job security. However, if someone desires financial freedom and willing to risk their money in trading, then this is the answer as you can train yourself, improve and you'll eventually become successful in the long run.

Trading will never give you a fixed income on a regular basis, so you should not risk quitting your stable job just to focus on trading. Especially if you have a family to feed, trading will never guarantee profits and it may leave your family into hunger. However, trading can give you consistent profits if you are skilled in trading, but even how good you are, you are still susceptible to losses. This is why trading is very risky, so i won't suggest making it as your main source of income as there are no assurance if you will win or lose your trades every time you trade due to market's changing condition.

Markinzo

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It's quite unscrupulous that one should think of quiting his job just because he has invested in cryptocurrency. Cause the risk is enormous compares to the security of a real job at hand.

Anyone with such idea should quickly have a rethink or you probably might end up losing on both side. Or perhaps your health inclusive, as depression may follow from the thought of total loss.

Gosgosking

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It's senseless to quit job for trading when the job is the only source of income. If the job is been quit how is money for trading will come about?
No reasonable person will quit job for trading , the market is not your property which you can decide how it will be, one can't even predict what is going to take place.

Edith1994

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Never quick your job for trading, you can as well do your job and also trade. It better not to keep your head in one basket, you can be earning from both side which is a good step.

Pamadar

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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.

They Know how to balance and make a good use of trading as a side job or additional profits.

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

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.

True,before you decide quitting your job make sure that you already have a long term plan, that include good amount of fund
to take a long shot without worrying about your finances.

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

Depending on only trading for living can be risky, you really can't tell what can happen along the lines.

That's the very use of planning before doing or deciding to anything.

passwordnow

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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.

There could also be those people that even they're not yet established and experts in trading, they're just leaning onto their own instinct and thinks that they can survive the hardship of being a full time trader. The treatment of crypto trading for them is it's like a business that they should work on. That's why the risk that they take is more than the usual if they're only relying their income and living expenses into trading. Because we know that it's not everyday profit.

Luzin

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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.

I don't know how regulation will be made, but it looks like cryptocurency has a pretty good future. For now maybe if you have a kingdom that you have been working on then continue. Nowadays crypto is a side job that may be able to increase your amount of wealth. But in my area it can't be the main one. In addition, the social situation of my area has a very high sense because I am live in the village. It's quite strange if I'm just at home and have a lot of money and fancy buildings.

Rockstarguy

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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.

ReiMomo

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Many tend to leave their jobs after gaining a certain amount of profits from their experience in their earlier stage. At times, a sudden spike might have supported them earn much profits and they do blindly believe in crypto market and leave their job. Its not advised yes. Market will never be stable so we can not depend on its regular income to balance the needs and commitments. Just focus on your prior job and keep crypto as a side income. When you leave your job and depend on crypto trading, you will tend to loose more money expecting a regular turnout.

Synerggy

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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.

TelolettOm

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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.

If you are a newbie, never think about quitting a job to turn into the crypto world fuly. Because when we know nothing and we are only desired of certain income from crypto, we may lose someday and we may also lose our hope here.

But, if you are here for a longer time, involved in some profitable activities such as getting payment from a certain campaign, active in trading even it is short term, and other crypto activities in which they have been working for years or several months, you can decide it. By considering the risks that you may take someday.
I also get this idea, I don't have any real job and I focus only on the crypto world. ANd the result is enough so far, moreover during this pandemic that is still happening in my country.

lalabotax

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It sounds very funny for someone to quit a job for Trading, because the profits of a trade can not be predicted, allowance from a job is always certain.

It depends on the capacity of the trader. If he is an experienced trader and has enough knowledge to gain profits regularly, quit from his job is not a too bad idea. But it is not recommended to do, only if you are very confident about your future with your trading and other jobs in crypto. There are too many crypto jobs, I cannot claim they have no certain future but too risky if rely on online jobs. Even if I have worked a long time as a crypto trader, I am not confident to rely on this job only.

passwordnow

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Quote from: melissacarter on January 31, 2022, 12:17:20 AM

Personally, I wouldn’t leave my job to trade in crypto, especially if I am new to the market.

It's not really advisable for someone who's new to the market to leave their jobs. Why leave your job if you can do both of it at the same time? The market is open 24/7 and you can always learn and do it after your job.

Quote from: melissacarter on January 31, 2022, 12:17:20 AM

Borrowing money to trade in cryptocurrencies is also not a wise move. The market can’t be trusted. You could be in debt. Whether you trade in crypto or any other market, have a steady source of income to support you and invest. Otherwise, it can take a bad toll on your health and financial state.

This is a big NO choice. You don't borrow money to put it at risk, you're just getting more risk of what you do. The risk of paying only the interest and not the whole principal amount if you dwell in losses.

dbc23

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It all depends on the nature of job and the extent of freedom the job offers. If the job is way too demanding and the pay is not worth the time then it's best to quit and focus not just on trading but other aspects of crypto currency investment. Crypto has wide range of opportunity. My point here is if the job in question can't give it's workers time to visit the market or explore other opportunities around then it's rather not worth keeping

Marykeller

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I have read some write-ups about two brothers leaving their present job to full-time crypto merchants. Reading from how they began, they used the money fetched from their paying jobs to invest gradually in altcoins. Before the end year ends they have earned their 3years salaries in short intervals. From that huge breakthrough, they decide to quit their job and dive deeply into crypto trading. Up to date, they are not regretting their decision of leaving their present job for crypto trading.

If crypto trading can pay my bills, what's the essence of working for someone else than being my own boss?

melissacarter

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Personally, I wouldn’t leave my job to trade in crypto, especially if I am new to the market. Borrowing money to trade in cryptocurrencies is also not a wise move. The market can’t be trusted. You could be in debt. Whether you trade in crypto or any other market, have a steady source of income to support you and invest. Otherwise, it can take a bad toll on your health and financial state.

dataispower

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Quote from: passwordnow on January 14, 2022, 07:28:42 AM

Quote from: Awwal08 on January 13, 2022, 12:55:52 AM

Do not quit job for trading. Trading should be your alternative way of making money, if you have any physical business then hold it very well because trading is not physical and anything can happen at any moment, so do not leave the job you have in your hand because of trading.

Note : don't depend on trading, use the profit you make from trading to a physical business which you can be seeing and handle please.

There's no issue about physical or virtual hustle. Trading is good as it is just like any other physical business or job that you do. I just don't understand why there has to be the point of stressing out about trading isn't a physical thing because, in all aspects and understanding, trading, in general, can also be physical.
You do trade things personal as a business like trading off cars, flipping off houses, you see the point about what you're stressing about physicality of trading.

Before any business you are doing will develop to standard, you have to put hope and trust on the business, you can be working and also trading, but that will not make you a perfect trader because your focus is in two sides, but for the morals of the business to come in full and also look competitive you most be concentrated due to one and two things involves, condemning quiting from work or job and go into trading is not bad but have advantages

dataispower

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Quote from: Luzin on January 14, 2022, 08:18:55 AM

Quote from: Maestro75 on January 07, 2022, 04:26:36 PM

Am sure everyone wants an easy life, providing food and money for the family by the job we do. It is hard already for those who have jobs to keep them afloat through salaries and wages they earn. Now think of what the situation will be with those who do not have a regular paid jobs at hand.

Yes, this is a problem that arises in our next generation today. Good life, luxurious lifestyle, and waste money. Sometimes I'm very sad when I see people waste money, I have more respect if they put their money aside to help people who can't afford it. In addition, this problem also makes people think short. They are fooled by the promise of investment including trading. I agree that trading is a great opportunity to earn money.
But I agree your advice, even to date i work and reguler job and work in crypto.

Mate don't be sad when you see some people wasting their money some things you can regards as reasonable, because for some one to spend careless that means that the person have different branches that brings money in full, because many people who spent above their income have good investment and different source of making money, no body can spend money with plan of getting fresh one by tomorrow and next tommorow

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