Topic: Which do you prefer - page 10. (Read 1368 times)

I think it's better to take both or diversify income from main sources, let real world jobs be whatever it is but provide stable income it's better to maintain especially if it doesn't take too much time and effort. Let trading be a sideline for daily or weekly income additions, because to be honest, when we pay too much attention to the market and trade mentally, we are more easily exposed to pressure due to market fluctuations. there is an analysis that is 100% always correct.

It's good to trade when you're feeling calm and away from negative thoughts to produce more controlled trading.
I think if we could manage and stabilize both I would really like it and do both well.

If you have the ability to do both then don't let go of your civil job because it provides you a stable income. We all know the risk of crypto trading so it's better to have a constant source of income in case worse things would happen. If you are earning a decent ount of profit in trading then you have to allocate a part of your profit into assets so if ever you want to quit from your permanent job in the future, you would still have an income to sustain your needs. You can save up to put up a business or put it in an investment that will provide you with a passive income.

If choosing in between the two, I will prefer business. Although monthly salary will steadily land inside your bank account at due time maybe monthly and you can plan based on that but the major disadvantage of that is inflation. When a salary is fixed, it value of purchase is being eaten up by inflation as the salary is stagnant while inflation fluctuate and that defeats the achievement that could have been made through a fixed income.

One of the ways to beat inflation is to keep generating income that fluctuates just as the inflation is. Business source of income is a function of inflation, like prices interact with profit  and buying and selling likewise. Like you have mentioned trading, although it is difficult and boosting of steady profit is not easy but for those having their ways, they are far better than civil servants who will rely on government at the end of the month and in some cases the salary is either delayed or not paid promptly thereby disorganizing the benefit of a salary job.

I prefer a fixed salary, because in my opinion there are many benefits that I get when I am not able to work optimally when I am old or when I am sick.
working as a trader or other is indeed possible to be able to get more money but it also has risks that cannot be predicted while if working as a worker who receives a fixed salary it is possible that the salary is small and mediocre but even so it is also possible to make extra money at times the rest even though the time is very limited.
it all depends on the human mindset, for sure we have the same goal to be able to earn a lot of money to meet our needs and desires.

If it is possible, then anyone should try to combine the two options in order to be comfortable in life. Although it is not going to be an easy task,  you will stress your life and strain your ability, but if you can deal with this, that is the best solution for financial stability.

The first option of steady monthly income helps someone for planning and however it may be at the end of the month, you are sure of your salary, then you can now plan from there and wait for the next month.
But someone whose income is not steady could of course make such amount of money for one day or week, even more than someone that is on steady salary.

But however, in some cases the person  who does have a monthty income could be out of work and cash for complete one week to months before they will see another opportunity.
So if there is a way someone could have a monthly fixed income, and still has gig works or business, that will be better for a steady income flow.

I prefer doing both because for me steady monthly salary is the one I used in my family’s daily expenses, that steady salary is already budgeted for our food, electricity bill, water bill, internet, mobile phone charges etc. with that i have no worry about where i will get money for our daily expenses. Doing trading / investing would be my second source the money I a lot in investing is for long term goal.

If I could work for both, I would do it anyway because I could earn more. And that is a rare opportunity that not everyone has, so you shouldn't waste it because right now, you have 2 sources of income that can help you meet your daily needs.

And if you can continue to learn a lot about trading and improve your skills and skills in analysis, I'm sure your income in trading will also increase. And if your job as a civil servant doesn't bother you, it's better if you stay as a civil servant.

Ask your heart which one you want because everything is a choice. And when you have chosen, don't regret your choice and stay focused on doing it.

If you're always make money in trading regardless the market in bear or bull season, you would quit your job immediately without need to seek an answer in this forum lol.

What's the benefit of working in a company? there's no exercise to make you healthy, there's a politic that will make a conflict, everyday handling a boring task, you need to face a traffic congestion, there's a chance you will get fired etc.

I think most people will choose to become a trader if it's so easy as you said above, they choose to work under someone company because they're lazy and don't want to take a risk since there's a monthly salary guaranteed.

We all know that no matter how hard we work as an employee, our salary will not increase. The responsibility for the job may increase but not for the salary.

Now, I'm just curious about what you said that even though the situation in the trading market is not good, you can still make money, My question is this, what do you basically do to make money in crypto trading? Can you share at least one tip on this matter? and how much profit do you get every day at the minimum? and lastly, how much amount do you trade in cryptocurrency so that you can also earn daily?

Having a steady and long-term job is what many people really look for, because having a steady job puts a person in a safe zone. Salaries always flow every month, there are old age benefits, transportation allowances, and health benefits. Because of that, for most people, becoming a civil servant or being able to work in an official company, has always been a promising goal for many people, and it is a very normal thing for many people.
And it's only natural that you start to feel the difference when you get into the world of crypto investment, especially bitcoin. Because investing in bitcoin will definitely provide a different situation, especially in terms of profits. What you usually receive is a monthly salary, but when investing in bitcoin, if you are proficient in buying and selling, you can receive a salary within a day or a week. So don't be surprised if you feel attracted to bitcoin, because you will definitely feel something different after investing
in bitcoin in terms of earnings and timeframe ("investing bitcoins in the short term").

I will definitely take everything I can, because in life we ​​have to be on guard, take the opportunities that exist, and have to balance in all aspects.

Permanent job I will make this job as income for my safe zone or center, and now I'm also starting a small business because I don't want to be an employee forever, I also want to be independent, and lastly I also invest in bitcoin, because I believe bitcoin will continue to have great potential and can double my money in the long term (if there are no obstacles and it goes well). So basically I think about each of those things in the short term, medium term, and long term.

Trading can't be taken as a job without backup income, what if you start losing more than you use to them you start getting pressured to make profits because you'll need the profits to go on with basic things of life like feeding and clothing yourself. When you start trading under pressure, your performance would drop and you'll increase your losing percentage which isn't good and it can make you regret your decision of quiting your steady income.

Steady income would make you lazy and can't make you financially free because you'll still be working for someone which is the government and it'll limit your growth and potentials. Trading can change your story at any moment when you trade the right tokens that'll give you incredible profits but you should have backup income.

With the development of technology, there are many career options that can be chosen based on their individual abilities. Among the many choices, there are at least two job options that are currently in demand, becoming a civil servant or becoming a trader. Of course, the two career choices Op mentioned have their respective advantages and disadvantages.

If you place trades in the first place, trading allows you to get unlimited income, besides that you will also be faced with a risk of loss which is not small. You can have income certainty with a monthly salary and other benefits if you become a civil servant, besides that you will get a pension that guarantees your old age.

If you are the type of person who doesn't mind following the rules and wants certainty of income and old age, you can choose to become a civil servant. But if you are the type of person who likes to innovate and want to have the freedom to live without rules from other parties, you can choose to become a trader.
I would choose both if there was still a chance to become a civil servant. As a civil servant you can trade, but a trader may not necessarily be a civil servant.

Why don't you maintain both? Diversifying income is a must-do in today's life. There is no guarantee that you will always make money trading, and there is no guarantee that your job as a civil servants will be stable forever. So, if you can maintain both to prevent unexpected situations as well as increase income is a good thing to do.

For me, even though investing or trading brings a better income than other traditional jobs, I have never considered it as the primary source of income because, in the market, anything can happen. It still carries far more risks than traditional jobs.

Lets not focus on money right now because we know thay you earn decent money from trading what you should think is that the stability I know there will be the time that youll be losing in trading no matter what. It is better to do both just in case the other one isnt going well. If you can do both at the same time then it is good as it is extra money on you.

If this is me, I would leave my job and focus on trading and use a portion of my profit to start a business so that whatever happens to my trades, there is still something that provides me money. It's because, with the way you share your story, you seem to be a successful trader.

But that's for me. And that's because I hate to work in an office where I have supervisors and managers and all kinds of bosses. I just want to travel and work whenever I want to. Things could be different to other people, though.

With you, you seem to be happy and proud of your regular job. Why do you have to quit? As a matter of fact, even with that job of yours, you still managed to make successful trades. You don't seem to be drained and stressed out. If you can have both, that's certainly better.

Exactly. Government employment doesn't appeal to me as it used to Before. Majorly because in my country I have seen that it is better to be entrepreneurial than to rely on the government. There's a lot of money to be made from going into business for yourself. True, it is stressful running your own business but rewarding.

You will not get a perfect answer, because we are different in terms of housing and in our marital status, the decent income rate in our country, and whether or not the government salary covers expenses and personal obligations, as the individual commitment is less than having a family to support from an obligation to a large family of father, brothers, and so on.

If your main job covers your basic expenses, gives you some luxury, and you have free time to develop yourself, then it is very ideal, especially since it is difficult to lose your job in government work.

In your free time, you can trade, as it is not suitable as a full-time job, but only as a part-time job.

Most people will want to go for stable monthly money, at least you will be having peace of mind, no matter how worst things goes, at the end of the month you are going to receive your salary. The economy of most countries are affecting businesses now, most businesses are failing in countries, so it’s kind of difficult to grow business now in most countries, small scale businesses are failing in most countries, but business is not a bad idea. Trading is also nice, people believe trading is the easiest way of making money from the comfort of your house, but to me trading is not suppose to be taken as the main source of income, trading should be a alternative source of income.

I prefer a performance-based income. Of course, there is always the possibility of failure. But hey, that's just part of the game. You win some, you lose some, but at least you are taking control of your own life and not relying on some corporation to dictate your worth.

Plus, think of all the perks that come with being your own boss. No more pesky managers breathing down your neck, no more soul-sucking office politics, and best of all, you get to set your own hours. Want to work from the beach? Go for it. Want to take a nap in the middle of the day? Why not? As long as you are bringing in the big bucks, you can do whatever the heck you want.

It is for me a choice between assured but low income and high income but lacking assurance. Answer would depend on what type of individual you are. Some people won't afford embracing the risk and would rather choose to just settle for less as long as there's considtency. However there are individuals which do prefer shortcut to success. I'd suggest be both if you can. Trading is indeed profitable but keep in mind that not all trades would generate profit and if you can manage the risk then that would be fine but still, a consistent income is necessary for every individual to make a living. If emotions won't be controlled in trading, expect huge loss to be the outcome because there'll be times the market would be tempting you to engage and lose eventually so be careful.