Don't ever quit your job to trade crypto. - page 7.

Luzin

hero member

Activity: 1400

Merit: 770

Quote from: Lordhermes on January 04, 2022, 09:51:33 PM

Combining crypto with your job will be the best thing because your job is a guarantee,while trading can be by luck.

I do that, but sometimes there's one I have to make number two. I've been doing that since 2015. Because the culture of the community here is certainly a village people who still lack knowledge about trading in the crypto world. In addition, I also want to make my father happy enough if his son has a real job in the eyes of the community.
Although sometimes the salary I receive is smaller than the results of my trade, but I am still happy with what I live. Even that small salary also helped my finances. Even my job is currently in the process of getting better. So I agree to go through both, because I really like this world of trading.

BitKongy

member

Activity: 405

Merit: 19

I would quit my job for crypto because job sucks in my country and dollar rate to my country FIAT is big so getting paid in dollars helps alot, as little as 20$ per day is enough for me for that day, so the best answer is it depends on how good the job is for you

dataispower

sr. member

Activity: 1330

Merit: 289

Quote from: Patigi on November 19, 2021, 03:38:08 PM

It all depend on the type of job you are with at that particular time because their are some jobs that doesn't what your leaving, but you don't have an alternative.

you are right, because their is a job you have and leaving will cause damage to you than leaving job because of trading, their is some jobs trading is better than because you will make profit than the job, but the process you are working with with government or company that the payment rate is good, you don't have to quit from work to trade because after working hours you can use the remaining time to trade and rest but you will not be sufficient in trading and that is the only advantages

Lordhermes

sr. member

Activity: 1232

Merit: 379

They say you don't value what you have untill you lose it,quiting your job because you want to trade crypto is one of the biggest mistake one can ever make.
Yes,Crypto trading is fast,but it is very risky,and if not careful,you can loose all your fund because of it.

Combining crypto with your job will be the best thing because your job is a guarantee,while trading can be by luck.

Gorosden

member

Activity: 518

Merit: 30

$CYBERCASH METAVERSE

Many people are saying it's senseless to quit your job for trading well that is if your job payout is really good, I've seen some people quitting their jobs to focus 100% on trading and that's the way it should be, you should focus completely on trading If you really want to learn trading to get the best out of it

Richycryp

newbie

Activity: 23

Merit: 1

You not even advise to quit your job because of trading, market is no one friend. The market goes up and down, the trading platform should not be what you should give hundred percent assurance. You can keep trading but never you quit your job. Your Job is your number one based It is always what you will run back to when trading is not going well, sometimes the market has alot of panic . Never you quit your job.

nurilham

sr. member

Activity: 1484

Merit: 447

As said that people tend to be tempted by profit trading without thinking a few things. that's good but in my opinion, if it can do both why should stop one of them. I mean trading also doesn't take a full time in the day so we can do our regular jobs. but it all depends on each individual, if indeed with trading it can be sufficient then that's good because we don't have to work anymore. the most important thing is to trade as best you can so you can profit from it. think about what you should do before deciding on something as well as trading.

TheNineClub

full member

Activity: 616

Merit: 161

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.

That's sound advice, BUT, let me be the devil's advocate here. There are numerous examples (not related to crypto specifically) of people going all-in on their dreams, businesses, ideas, projects, and making it work to their advantage. Yeah, it's risky and I personally wouldn't advise it, but people who have made it work prove me wrong.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

Quote from: Masplanc on January 02, 2022, 04:49:29 AM

Young traders see this step as a good one. But this step is a wrong mistake to take . The income in a job is sure that one will have it , when job is been quit and one only on concentrate on trading alone you not sure of when profit comes in a specific time. Source of income from a job be the strength of trading and investment.

When you are trading, you are taking a higher risk but you can also get rewarded if you succeed.

That's different from having a day job as you are guaranteed with a pay on a regular basis but that would not take you to your dreams of financial freedom. So, if we want to be financially free, we should learn how to take the risk but it's not necessary that we will quit right away as we can still work while we are trading or investing in crypto, we only resign when we are already confident that our skills will bring us consistent profit.

Masplanc

member

Activity: 798

Merit: 34

Young traders see this step as a good one. But this step is a wrong mistake to take . The income in a job is sure that one will have it , when job is been quit and one only on concentrate on trading alone you not sure of when profit comes in a specific time. Source of income from a job be the strength of trading and investment.

SmokerFace

sr. member

Activity: 958

Merit: 265

Job is a regular source of income. Which should be quite straightaway unless you have some good alternative source of income. I would strictly recommend you to not quit your job in order to trade crypto. But yes you must try it as a secondary source of income by starting it as side work. Once you have achieved a level on which quitting your current job may not affect you as your alternative source of income is paying you enough to meet down your expenses, you can definitely quit your job.

Munir575

member

Activity: 546

Merit: 10

Quiting your job to trade crypto is not the right thing to do even if your job don't pay much and can't cater for all your needs because trading has no guarantee. Trading should used to support your job instead because it is of two sides and you can run at profit or loss at any time. Even when you feel you are well established its not advisable to quit your job its better to have a stable and reliable job.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: lienfaye on November 21, 2021, 08:08:49 PM

Its not advisable to quit job and rely on trading crypto alone. The income is not stable plus there's no guarantee that you'll always gain. Because even pro traders are having losses too despite of being knowledgeable, so what more for newbies?

Thus take the path where you can maximize your earnings by having a real job then be a crypto investor/trader as your sideline.

If you know to yourself that you can already stand on your own (financially stable) and can managed to live without a daily job then its the time to look for other opportunities even it has risk.

Evaluate your capabilities. It's important that you have the right mindsets.

Trading is also a good source for your financial needs. If you see that you are already capable and you can support your needs,
it's also considerable to take this path, but that's only if you are sure you have enough resources.

Leaving a stable job is not easy. If you failed with your trade, you'll be forced to find another and you need to start from the scratch.

Storytellers

newbie

Activity: 14

Merit: 0

Hello,
actually to be honest im from those newbies that quit my job to be with full focus in trading. I got really addicted because i have some friends that are in this type of busyness from years now and i got extremely brave for a very short amount of time.Then i wasnt thinking if its risky or not but my idea was to provoke the karma to succeed because i jumped so rapidly. My advice to every newbie in trading NOT to quit their jobs like i did!

thank you for your time!

carolynpatterson

newbie

Activity: 27

Merit: 0

A very basic, yet important piece of advice. Crypto market is a volatile market. Hence, leaving your job for it doesn’t make sense. Some new traders also borrow money to trade cryptocurrencies. They should avoid this. By doing so, they are increasing risk.

The best way is to start slow and invest in learning the concepts, and only trade full-time when you have gained consistency.

lienfaye

hero member

Activity: 3024

Merit: 629

Its not advisable to quit job and rely on trading crypto alone. The income is not stable plus there's no guarantee that you'll always gain. Because even pro traders are having losses too despite of being knowledgeable, so what more for newbies?

Thus take the path where you can maximize your earnings by having a real job then be a crypto investor/trader as your sideline.

If you know to yourself that you can already stand on your own (financially stable) and can managed to live without a daily job then its the time to look for other opportunities even it has risk.

Stalker22

legendary

Activity: 1526

Merit: 1359

Trading crypto has all the ups and downs like it is with other investments. There were days I'd trade without any gain, as well as days I'd profit massively from it, so you're going to have your bad days, as well as your good days.

But still, quitting your day job to trade crypto is like pulling the pin on your grenade, if you don't have a backup plan in case you lose everything you invested, it might be the end of your financial life.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: galambo on November 21, 2021, 05:13:48 AM

Quitting a good career job for trading like crypto, forex and equity is the worst thing one can do. Why Quitting a job when you can do crypto trading as side business. Moreover this current bull run won't last forever rather bears will take over soon and that season may last for months. How can you survive the bearish season if you don't have a suitable job? Think and act wisely.

By the time you learn the basics of trading and can consistently make a profit, you will not have free time to work in the office. Combining work is possible only if you are engaged in long-term trading or only hold. In this case, you will have enough time to check your orders and open new ones.

Pamadar

legendary

Activity: 2982

Merit: 1028

Quote from: mirakal on November 21, 2021, 03:58:44 PM

If you have a decent job, you have to think over and over because once you quit, you are giving up a secured cash flow on a monthly basis. However, if the opportunity is big and you are a risk-taker, then you can always make a decision to quit your job and focus in trading, I know some people who made a fortune through crypto trading, so it's not impossible to change your life and be financially free, but then, it's really up to you if you will gamble as you could also lose and end up with nothing.

Lastly, it's always good to have another source of income in case one source will fail, maybe start a business before quitting so you'll not be too worried while trading.

Stable job indeed provides a good source of income, giving it up without any assurance that you already have the right sets of skills and knowledge is not a good decision to make.

Yes, it's true that there are people who make a good living by doing this business (trading) but not all are successful, giving up your main source of income is the manner that you are unsure of your fate will ruin your life.

Take time and continue to assess if you are ready to step forward and deal with your trading for most of your life.

mirakal

legendary

Activity: 3108

Merit: 1290

Leading Crypto Sports Betting & Casino Platform

If you have a decent job, you have to think over and over because once you quit, you are giving up a secured cash flow on a monthly basis. However, if the opportunity is big and you are a risk-taker, then you can always make a decision to quit your job and focus in trading, I know some people who made a fortune through crypto trading, so it's not impossible to change your life and be financially free, but then, it's really up to you if you will gamble as you could also lose and end up with nothing.

Lastly, it's always good to have another source of income in case one source will fail, maybe start a business before quitting so you'll not be too worried while trading.

Topic: Don't ever quit your job to trade crypto. - page 7. (Read 2428 times)