Don't ever quit your job to trade crypto. - page 8.

isaac_clarke22

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Quote from: Yamifoud on November 21, 2021, 08:44:13 AM

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Well as for some people thinking that "trading" would make someone rich in a day is a really absurd statement and it makes me cringe on why do they decide on that kind of risky decision.
I would never ever risk my job to trade it all in crypto.
If one is in a toxic workplace and it affects one's mentality, what more can it effect when crypto's unstable price can do to one's mentality.

BIT-BENDER

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In my thinking, I would suggest to follow personal feelings, I know many that are so hard-working right now with the goal of an early retirement, not everyone love the everyday preparation, for work and the rigorous working activities just to come back stressed and tired, so it's fine to work out a plan to work for a period of time and then retire, more retirees don't want to stop earning or making money, but they want it dependent, like they decide the time for work and when not to, trading and crypto-currency investment is one they chase after, so I don't think it wrong if one retires Early to chase this goals.

Theones

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Quote from: Yamifoud on November 21, 2021, 08:44:13 AM

If we can do both, I don't think that someone will think about quitting but rather keep them. But for those who found themselves living well solely in that trading and get satisfied with the result, that probably think tp leave their current job and focus on trading. Not that actually a tough decision to make, all of us have the choice and that is worse living in a toxic job if we feel that we are not comfortable anymore. For many reasons that it brings to that situation and you are right, think it wisely.

We see such questions/suggestions when bitcoin goes wild like these days. I bet you won't see any when btc goes down in value, like in Dec 2018 when bitcoin was around 3k to 4k. Jobs are toxic I agree. If you wanna get rid of job then try something like doing some freelance work in your area of expertise. Putting all your eggs in one basket is not a good thing to do IMO.

Yamifoud

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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.

If we can do both, I don't think that someone will think about quitting but rather keep them. But for those who found themselves living well solely in that trading and get satisfied with the result, that probably think tp leave their current job and focus on trading. Not that actually a tough decision to make, all of us have the choice and that is worse living in a toxic job if we feel that we are not comfortable anymore. For many reasons that it brings to that situation and you are right, think it wisely.

galambo

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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.

Hypnosis00

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Job gives us a secure monthly income, whether it was fixed or not while in trading, it can be unlimited depending on the market and how you manage it but the risk of losing could still be possible. if we could just think it wisely and if your job doesn't meet your needs or not even enough, there is no reason why we have to stay there, that is better to look for another opportunity where we know that we can uplift our living. As trading required more time than something needs for us to sacrifice our job and focus on trading.

taufik123

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Quote from: Lordhermes on November 19, 2021, 09:02:53 PM

Ofcourse,it all depends on the type of job you are doing,if the job is not paying as much as trading is paying,then there is no need of keeping the job,and the most amazing part of it is that,you are your own boss here,but where you work under somebody and they are controlling you,you won't have peace of mind.

Therefore,if it will be better if you quit your present job and focus on Crypto which pays you as you want,then you better do it.What gives you joy is worth sacrificing for.

Working for other people does have pressure because there are targets to be achieved.
Letting go of a bad job that has a worse impact and doesn't make a lot of money or is far from enough might be a reason to leave it and focus more on crypto.

but if the real job or main job has a good enough income, of course it can be maintained, because the main job will support a side job in crypto.

I currently even still have a main job even though the salary that crypto gives is bigger. The main job is also a social status in our lives.

Daniel91

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Quote from: Trojane on November 19, 2021, 08:02:12 PM

I need to make these exemplary; If for instance you have a job that pays you 100dollars every month end and fix some allowances for your upkeep maybe at 20 dollars per week, can a reasonable person that understands the rise and fall in currency,risk involved in trading and the coins you're going to lose , comfortably choose trading over his job? Knowing quiet well that most times, since the BOTs were created and programmed by someone,dances to the owner's tune?
Anyone that does these and is paying his tax and levies + bills by himself is slowly luring himself into stealing and fraud: look at these critically Cheesy

I mean.....its not even necessary at all

You have chosen a very good and logical example, thank you for that as well.
Every man should be responsible in what he does and plan well.
Crypto trading should always remain a secondary source of income, regardless of the initial good results, because we all know very well that trends in the crypto market change very quickly.
I would leave my primary job only when I would make a really big profit from crypto trading and withdraw that money to a bank account and when I could live carefree from that money for the rest of my life.
Everything else is just dreams and fantasies but far from the reality of real life.

Lordhermes

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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. For me if I can make more money in trading cryptocurrency I will quit my job for it. Jobs are control my bosses but trading is your own business. If leaving your present job for trading crypto can solve your problems. Why not leave? Their are some people out there making it than salaries collectors or wages collectors in cryptocurrency.

Ofcourse,it all depends on the type of job you are doing,if the job is not paying as much as trading is paying,then there is no need of keeping the job,and the most amazing part of it is that,you are your own boss here,but where you work under somebody and they are controlling you,you won't have peace of mind.

Therefore,if it will be better if you quit your present job and focus on Crypto which pays you as you want,then you better do it.What gives you joy is worth sacrificing for.

Trojane

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I need to make these exemplary; If for instance you have a job that pays you 100dollars every month end and fix some allowances for your upkeep maybe at 20 dollars per week, can a reasonable person that understands the rise and fall in currency,risk involved in trading and the coins you're going to lose , comfortably choose trading over his job? Knowing quiet well that most times, since the BOTs were created and programmed by someone,dances to the owner's tune?
Anyone that does these and is paying his tax and levies + bills by himself is slowly luring himself into stealing and fraud: look at these critically Cheesy

I mean.....its not even necessary at all

kawetsriyanto

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If we are a full-time day trade and we are professional, commonly we will only focus on trading, not working outside because day trade will spend so much time.
However, if we are not a day-trade, or moreover new enough to crypto, never quit your job and trade only. This is too risky. You may lose both, your job and also your income from trading. For, trading is not only about making profits but also managing the profits and also funds that sometimes you may lose your money.

Btw, I see many newbies also focus on trading and quit jobs because they want to take high risks and they want to be out of their comfort zone.
I don't think this is a good idea, working here or trading crypto is not only about the bravery of taking risks, but also how smart and wise we are manaing our risks, strategy, emotion, and also being realistic.

Patigi

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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. For me if I can make more money in trading cryptocurrency I will quit my job for it. Jobs are control my bosses but trading is your own business. If leaving your present job for trading crypto can solve your problems. Why not leave? Their are some people out there making it than salaries collectors or wages collectors in cryptocurrency.

Anguwa

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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.

This indeed a very good advice, there is a very high risk in trading cryptocurrencies, so quitting job in the name of crypto trading. And also one important thing to the beginners in trading is try not to invest more than what you can afford to loose, so trading is very good but not fully reliable.

TinaK

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Quote from: Shamm on November 14, 2021, 10:08:40 PM

Quote from: Marykeller on November 14, 2021, 01:27:50 PM

Leaving your present job for crypto trading makes no single sense at all. Human beings are supposed to have stable paying jobs and also have a different avenue of making money. A side hustle is always advisable no matter how big or small it could be. Cos in this life nobody can't tell what job will keep sustaining and the other fail.

In my own perspective I'll choose to leave my daily job and focus the trade. You need to take a risk in order to be successful for me if you Only focus on your daily job.

If that is on my side, I disagree with this opinion.
Trading is not a job and it does mean you are a risk-taker you become a successful trader, that is not how it will work for me.
There is no stable source of income in trading, even experts in trading maybe experience losses and it could be easily to wipe out your money in trading and you can't able to survive because you don't have other source of income.

Just don't leave your personal job, that makes you to sustain your trading activity when your monthly salary come.

Rabi3

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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.

trading crypto is like a job with no insurance, the crypto market crashes and you're in the negatives waiting for it to comeback up again and you have bills to pay, just like a job with no insurance, you crash into something and you break your leg or something, you have to wait until you you heal but you have bills to pay, the best thing someone can do is both, that's if he can, if you already have a good respectful job and insurance got your back if something bad happens, just stick with it, it's guaranteed unlike trading which is literally gambling.

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Quote from: Shamm on November 14, 2021, 10:08:40 PM

Quote from: Marykeller on November 14, 2021, 01:27:50 PM

Leaving your present job for crypto trading makes no single sense at all. Human beings are supposed to have stable paying jobs and also have a different avenue of making money. A side hustle is always advisable no matter how big or small it could be. Cos in this life nobody can't tell what job will keep sustaining and the other fail.

In my own perspective I'll choose to leave my daily job and focus the trade. You need to take a risk in order to be successful for me if you Only focus on your daily job.

Unless and until you do not have any financial commitment monthly, yes its well and good to leave the job and focus on trading. Here most of us hesitate / think often to take decision to leave their current job and move on to trading as they do have monthly financial commitments. As we can expect monthly standard income from trading, many do not leave their regular job. So if you and your dependent are not depend on your job and your income then yes leave your job and jump into trading.

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Quote from: Alisha-k on November 15, 2021, 03:18:42 AM

As a professional or anybody higher than the newbies it's expedient you make physical investments as many as possible so in the days where they are dip, you can have an insured means of income to always look back at.

I understand what you mean by physical investment and how we can minimize the risk of fluctuation in the price of bitcoin and altcoin as trading and investment asset. Investing in bitcoin and most of the altcoin can be a mean of making profit in a certain period of time be it short term or long term. We can't expect profit anytime because the price will never be stable. Fluctuation become the determining factor whether we can make a profit or not.

So, we should also start to think that physical investment is also a profitable investment vehicle where we can get minimal profit when the price start to rise and this option is also included in the strategy of having a reserve fund when the market start to become hostile "big correction" and we can't sell it in a down market.

Alisha-k

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Many persons are victims of this particular act, the fact that you trade Bitcoin shouldn't make you feel comfortable and disregard physical business ideas. As a newbie, it's not wise to focus on trading/investing fully, except to say you have means of income elsewhere aside the crypto world.

As a professional or anybody higher than the newbies it's expedient you make physical investments as many as possible so in the days where they are dip, you can have an insured means of income to always look back at.

Shamm

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Quote from: Marykeller on November 14, 2021, 01:27:50 PM

Leaving your present job for crypto trading makes no single sense at all. Human beings are supposed to have stable paying jobs and also have a different avenue of making money. A side hustle is always advisable no matter how big or small it could be. Cos in this life nobody can't tell what job will keep sustaining and the other fail.

In my own perspective I'll choose to leave my daily job and focus the trade. You need to take a risk in order to be successful for me if you Only focus on your daily job.

sunsilk

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Quote from: Marykeller on November 14, 2021, 01:27:50 PM

Leaving your present job for crypto trading makes no single sense at all.

There's a sense if the person leaving his job is already good in trading and sees a lot of advantage for choosing the trading path. To us that rely on employment, we're going to think this way. But there are people that really see themselves better on the other path like trading.

Quote from: Marykeller on November 14, 2021, 01:27:50 PM

Human beings are supposed to have stable paying jobs and also have a different avenue of making money.

Don't forget that there's also the business side where people are good in making businesses and don't want to work for someone. Instead, they want to be the boss of their own. Have free time and more freedom.

Quote from: Marykeller on November 14, 2021, 01:27:50 PM

A side hustle is always advisable no matter how big or small it could be. Cos in this life nobody can't tell what job will keep sustaining and the other fail.

A side hustle that can be a full time is also happening occasionally.

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