Topic: What would you do in this situation? - page 2. (Read 272 times)

Yep there is always regret not joining at the very early days of BTC, we could have gotten a lot and richer than ever.
Since you already started learning to trade I guess that route of building a bot for trading is a good path to take. But it may take time for you so while you do that you may want to join some crypto team to survive and provide for your wife.

You've got skill man and you just have to maximize yourself offering that as a freelancer. Well, if you're standing on your own, you really have to find a job first so that you get a foundation of what you're trying to do like day trading.

You'll be able to support it as you start since you have no assurance that your very first traders would be a win for you. But as you've said, you are with your wife that are helping you out with the bills. I think it's just you need more motivation of what you're planning to do, whether as a coder/developer or a trader.

Just learned that what I'm actually wanting to do is called swing trading, not day trading. Although I still want to try day trading just to get a thrill.  It sounds exciting.

Thanks. I didn't mean to sound like a lunatic, sorry. No I'm older and my wife is able to pay all the bills right now. We're ok.  I just don't have an income right now. I'm working on that. I've got some website ideas and I could freelance but other than word of mouth, freelance has just been a hassle.  It seems like I would need a team of people to bid on jobs all day for starters.

Anyway, I thought I could use this minor profit in bitcoin to possibly start sort of day trading it a bit. And, I'm really excited about discovering this idea of dApps recently.  Can't believe i hadn't heard of them. But, I've been away from the computer for a couple years. Just getting back into things again. Checking out my options.  

Thanks for your concern everyone

Get a damn job, loser.  lol  got it  Thanks Dad(s)

edit: I posted this here because I was hoping to get a savvy trader's perspective since I'm just a lowly code monkey.

I think you should focus on getting your income intact first before anything else because how are you going to live when it's like that when you don't know what you are going to do or where you are going to get your next money for food and other essential stuff because you are flat broke? I think it will be a risk for you to focus on creating an AI bot first. I know it can be rewarding when you get there but are you sure you can risk your day-to-day needs compared to focusing on this one thing?

P.S. You're probably not crazy; you just don't know what to do.

If you don't have that much money to start with, not sure why you would go for trading. It's a very fair assumption that you're going to lose money at the start, so it's far better to have a good amount of capital already.

But yea sure if you're like 18 without any responsibilities and you only spend your money on food and alcohol, then sure why not.

Dafuq is this.

Why you not looking for a new job in your countries or you could become a freelancer? Coding is one of promising jobs now, even it's depends on your skills and what's software you mastered. You need to have stable income first to cover up your daily expense, trading doesn't guaranteed to earn... it's risky.

Just working to get monthly income and use the rest times to create a bots for trading, what do you think?

What have you already been doing programming wise since you got into that situation?

If it's going to take you months to build a bot to get what you want, what do you plan on doing in the meantime?

You've not given much away other than that you want to build a trading bot and don't have much money (potentially not even enough money to live off - unless you have well accommodating relationships around you/good friends and family).

If you would, please imagine yourself in the following position. You're a coder so you've been drawn to cryptocurrency since it began But, you were distracted trying to make a living for all this time and never really got a chance to get into it, other than reading the paper describing it and several articles on the topic. You have a general understanding of it so far and you're constantly learning more.

You did manage to find the time to buy into Bitcoin when it was around 11k. But, you were only able to put in about 500 USD.

Good news, it's now worth about 2k. However, it was purchased with the RobinHood app and is stuck in there until they release their version of a crypto wallet (this year they say).

(You would like to learn to create your own AI bot to help with signals. But, there's a lot to learn and that won't be possible for months at least, maybe longer.)

Edit: You have also read about half a book on technical analysis and plan to finish it soon and read another.

Oh yeah, and you're absolutely flat broke and out of work and are wondering about learning to day trade bitcoin for a living.  You may be leaning towards cashing out half your bitcoin to be able to afford to get the crypto vigilante service. But, that would leave even less to start investing.


What would you do in that situation?  If it's too little to even start with, what if it were roughly double because you told the wife to buy bitcoin back when and after you convince her you're not crazy, it could be double?


Thanks and I look forward to hearing your amazing ideas.  Also, I'm new here. Hello!