Bitcoin Forum

As we all know there are many investors that doesn't work for anybody rather than relying on their businesses and investment as their full time career and as well as depend on the return on their investment for the sustainabilities. So i wish to ask if Bitcoin has the potential that investors can rely on as full time career considering the inevitable uncertainty that are involve in Bitcoin investment such as difficult in price prediction and the volatile nature of the system which may pose some kind of difficulty to have adequate
Knowledge and better understanding of the system.

If you are a long-term investor who only relies on the Bitcoin price going up to make a profit, then you can't use it as a full-time career, as you might end up shattering that career before it even starts.
 
The price can go against you most times, and you might not like the outcome unless you are one of those early investors who have made so much from it in the past that it can sustain you until much more profit comes out of it. 
 
The best way to go about bitcoin and be on the safer side is to have something else done that you can hold onto because bitcoin can't give you a daily income to foot your bills.
 
There are people who say they make a profit on a daily basis from bitcoin, both in the bearish and bullish markets, but it takes some certain level of prediction knowledge to be able to do that, and there is still no 100% guarantee that they will always be successful.

It's possible, but you need to understand that such may not be as immediately as you invest in bitcoin, this would have taken time to make your investment mature and earn profit before you can rely on it for more profitable income, though as you have already said, it's a volatile market, you can't expect it to be always pumping without dumping as well, learning a good marketing skills like trading is another means we can earn from it even daily, Bitcoin comes with diverse opportunities for it's investors only if and when they were able to identify one.

Yes it can especially as a long term Hodler. Bitcoin has shown great promising future as the top crypto over the years now. Compared to other altcoins, it is more stable and has more value plus the added feature of profit anytime there is an increase in price especially during halving. Being a short term holder in the Bitcoin space is also quite possible however the returns in terms of profit during long term hodling is more.
Take a look at people who have  been hodling Bitcoin for a least 10years. A vast majority of them are whales , many don't even have to work anymore as Bitcoin has kind of created a retirement benefit for them . The fact that longer periods of time increases Bitcoin profits earned is the reason people always prefer long term hodling to trading not to mention that it is much more easier.

First of all, having the knowledge that Bitcoin is a long-term investment should answer that question at some point. Bitcoin being a long-term investment makes it distinct from other crypto investments, this means that you should be more concerned about the long-term goals and not what it has to offer for the short-term.

If you're always considering to take out your profits from your bitcoin investment whenever you've got financial needs then you're not really investing in Bitcoin, you're doing more of gambling than investing.

That's why it's advisable for an investor to have other sources of income (not necessarily working for someone). You can have other businesses that fetch you income as well as making availability for an emergency fund, this helps you take care of any emergency that arises without having to run back to you investment for money.

Let's assume you're depending on the profits gotten from your Bitcoin investment, without having other sources of income, considering how volatile the market can be, you hit a dip and then have a financial need to sort out or an emergency but there are no profits for you to take out of the investment. That'll only leave you with the option of taking out your investment in the middle of a DIP, (which is the worst mistake ever).

So if you're a Bitcoin investment. It's essential to have other sources of income. Infact let me correct that, Bitcoin investment isn't a source of income but some sort of future investment. So if you're a Bitcoin investor, then you must availability for sources of income as well as an emergency fund and not depend on your investment for financial support.

Possible only if you have enough money to trade and make a profit from every little movement. But you won't make much if you do not have enough money. It depends on how much you want to earn per month. If a hundred dollars is enough for you, then you may take it as full-time career just with a ten thousand dollars. You need to learn trading and be aware that there are losses in trading as well.

If you invest a thousand, you won't make more than a $10 a day. Even if you do, this is not enough to consider as full time job income. If you invest a lot of money, you will be able to make money from every little price movement.

It can be one of their business/investments long-term but it it can possible they will let go of Bitcoin for other investment opportunities. This is just my opinion but the fact that we can't assure Bitcoin investment could be long-term and still profitable, it was hard to rely on this. Of course, for now, since it was obviously profitable but can be sure in the coming years.

That is why investors don't just have a single investment but many and this is because they are not reliant on a single investment in order to ensure that there is always backup. If there is a sudden collapse in other investments, they are still able to survive.

Bitcoin trading on it's own might not be volatile enough to generate a big enough income to be a full-time job. You might have to jump into Crypto currency trading as a whole to get more income from more volatile Alt coins that might generate more sustainable income to do it full-time.

Bitcoin is a more long-term investment option, where you buy low and sell high.. when it reach a new All-time-high price. This might take years to happen, so it is not going to pay the bills on a month to month basis.

Yes, investing in Bitcoin as a full-time career is indeed possible. I have seen or read about someone who has been in this industry for 8 years and is doing it for a living. But it's not necessary to stick only to Bitcoin; there are other cryptocurrencies available. However, of course, it's not advisable to have other coins without having any Bitcoin. I understand that Bitcoin should still be our priority because of its long-term potential.
I think you can only reach this stage if you fully understand the market, have trading skills, know risk management, have financial independence, and have other career opportunities.

Anyone that wants to depend on bitcoin to take care of his responsibilities must have sacrifice a lot on bitcoin investment that he may be close to fuck you status or have reached fuck you status. You know what that means,it takes up to 20yrs - 30yrs for some people to reach that level based on how aggressive they could accumulate bitcoin based on their discretionary income, using DCA strategy buying at the dip, and lump sum at the right time. Only the rich can achieve such status within some years, and that is if they invest more on bitcoin. For a poor and average man, it can take you up to 30 years and above before you can reach the fuck you status. That is when you can depend on bitcoin to take care of your financial responsibility. You must work and invest for a long time, meaning you can only use bitcoin as backup at old age by investing continuously without stopping over a long period of time. Bitcoin is good for pension funds, and not as a career. If you are a trader, it shoukd be a part time job, and not full time job.

A lot of investors tend to rely solely on their investments without actually thinking of diversification. Seeking options outside of crypto investment is a very good idea because depending on your crypto investments when we are aware of its volatility can be very challenging at times and also the fact that it has different seasons (pump and dump season) proves how unreliable crypto investment can be to be taken as a full time career. Be an investor with other sources of income and not just rely on your crypto investment so when crypto market is down you will have other options to turn to.

I don’t think it is ideal to rely on bitcoin as the only source of income or as a full time career because of it’s uncertainty. Some investors fully rely on it but they are aware of the risk, with a huge sum you can fairly rely on it and only with huge amounts that you expect reasonable profits after every small movement and only with that can one fully rely on bitcoin investment fully. Put in mind that just as the profit is high with big amounts so is the loss involved too especially at the time of dip in price and that is why my advice is to not rely only on your bitcoin investment but also have other sources you earn from.

As an investor and trader relying on the profit I don't think so, the market is very volatile so it's unlikely that you are going to make a profit daily, and during a bear trend, there are more losses than gains.

I still haven't met a Bitcoin investor who made a career or sustained his daily income, you should still have a daytime job to sustain yourself as income from being an investor can't sustain you.
Its a newbie belief that you can but in reality, you cannot.

I think it's possible for a trader to make a career out of bitcoin but depending on it as the sole source of income is not advisable. The uncertainty surrounding it is a good reason no one should do this. One can be a trader and at the same time own a business or work for an establishment. Also, I'm sure most of the big time investors and OGs who have Bitcoin that's worth millions and billions of dollars, still have investments outside crypto that's fetching them money.

Such is possible, but we must be able to compare the risk involved and the benefit we stand to gain before starting, you cant expect the way a volatile currency and investment tasset to work the same way our other physical assets or careers we do, which means sometimes we can earn and some other time when the market go dip we may lose, its not like a salary pay job in which is only focused on a single direction, bitcoin is volatile and we can earn than we expect even when the market pumps and then we keep holding when its plummet and go dip.

Bitcoin is an investment instrument that does not require an individual to put too much time into, It can be done one-off through lump sum or done continuously through the DCA method or buying the dip. In all of the investment processes, an investor can still keep his job or run his business while his investment in Bitcoin is intact without any conflict. Besides, Investment in Bitcoin requires capital, so an investor have to earn money from a job or business with which it can be put into Bitcoin as a reserve for the future. The means through which the money is earned is the career path and not the Bitcoin investment.

If you are referring to Bitcoin traders, then it can be called a full time career but then there is the risk aspect which makes it necessary for the trader to acquire the skillset needed to navigate through the risk to be able to remain profitable. I will not recommend full time Bitcoin trading for anyone though, irrespective of how lucrative it may appear

Nevertheless, there are some who have passed the accumulation phase in their Bitcoin investment and well invested in Bitcoin that they can relax without working and decide to be living their life in comfort using their Bitcoin. In this case, we cannot call this full time career as they already passed the stage of active service and are simply enjoying the fruit of their labor.

Yes or no.

Yes if you have long experience of everything about crypto and you know how also where to invest your asset since for sure that you can earn multiple profit especially if you are  a whale.

No for the fact that market is volatile and that's add up the risk especially if you are a new guy so for sure you might provably commit a mistake that can cause a lot of money to you or to other people so with that everything is not sustainable.

So before on concluding on something risky much better for a aspiring investor to learn first on what they are trying to enter. Also they should not take any rush decision since they see someone earning a lot of money since for sure that their result is different and much better if you just take it as side income generating investment.

Before I answer you, I would prefer to tell you a basic principle of investment.

You must reserve some money, beyond your investment. This mean you don't use all money you have for investment and this mean you can live with reserved money or can use it for emergency.

With investment, it is risky, even the investment is in Bitcoin. You can lose your bitcoin by storing it on centralized exchanges [1], by hack of your non custodial wallet or anything else. Another risk for you, if you entirely depend on Bitcoin investment for income, is Bitcoin has bull and bear market. You can rely on your investment in bull market but in bear market, you will need money from some other sources.

You can apply
[ANN] JJG Sustainable Bitcoin Withdrawal Strategy (https://bitcointalk.org/index.php?topic=5479482.0)
https://bitcoindata.science/withdrawal-strategy

My advice is continue to work, for salary and use it for your own life. Don't rely on investment for income to use as you will never be able to hold your bitcoin long enough to get good profit.

Full time career and investors are two different things.

Full time career means you're need to work, you sell your time for money.

While investors, you didn't need to work because you can earn capital gains from your investment.

If you mean "can someone become a full time trader?" I will answer yes, but it's maybe 1/10000000 people can do that because not all people can trade consistently have a good amount of money.

Yea the OP reads more like it is asking more about traders than investors, thats how I read it anyway.

I tried trading many years ago and failed miserably. Its takes knowledge and a certain skill which I
didnt have at that time. I guess if a trader can trade any commodity they can trade Bitcoin and
make a healthy living at it. I guess because the Bitcoin market is "volatile" tit provides a perfect
opportunity for traders to make profits which makes it easy to live off the proceeds.

Experienced traders would have a good understanding of Bitcoin and a good understanding about
the community which surrounds it, long term backers and investors and newbies who FOMO in
and FUD out regularly, and how the various nuances, news and events affect the markets.

This is quite an interesting question to ask and bring into the forum discussion, but since you have only been on this forum for two weeks, I will give you a bit of a full-time look at what has happened in Bitcoin. Let's say people or investors who have invested since 2012 or 2013 in Bitcoin and they still hold their Bitcoin to this day because their goal in the past was only to keep it for investment without targeting when they would sell it. Well, in this case you can see what the price of Bitcoin was in 2012 or 2013 for one unit and then compare it with the current price even though the condition is currently being corrected.

I think you will find the answer directly after looking at Bitcoin prices from year to year from 2009 until now because this will definitely give you a real picture that Bitcoin is indeed suitable to be used as a future investment asset for everyone. And you also need to know that every investor who invests in Bitcoin is not all poor or stupid because they will definitely look for their financial strength first before they start investing in Bitcoin. Likewise, their level of knowledge regarding Bitcoin means that they will never experience difficulties even though they do not work for anyone else but only rely on themselves in any case.

It is not really a 'career'.  In my opinion.

Most people just purchase Bitcoin and wait.  Trading is a career.  Building a business is a career.  Not sure about simply purchasing Bitcoin.

The volatility definitely makes it hard for a lot of people to earn a good living through Bitcoin if they rely SOLELY on it.  This is because you can have great profits as it rises like a rocket, but when Bitcoin drops it does drop like a boulder often too.  I rather see Bitcoin like a pension fund instead.  You purchase Bitcoin to live off it later, after a long term waiting.

Yes, it's possible; only that the person won't leave it for too long or they become traders. They've to make it on a short term and be monitoring it and taking profit from time to time. Long term investors who leave it for years, won't do well if they solely depend on it for bread. I don't think there's anyone who would want to invest heavily in Bitcoin and depend on it financially without doing a bit of profit-taking and restocking (buying back). Investing in Bitcoin and leaving it to roll into profit on its own can only work in a bull market, not bear market, to even state the obvious.

You and I know that the bear season lasts longer than the bull season. So, it will be difficult for anyone who just buys Bitcoin and hodles (that's the major thing investors do) it without any side hustle to live well during such a time, no matter how much profit they make during the bull rally. Again, nothing renders the brain/mind redundant faster than not engaging it in activities that will task its usefulness. That's what hodling without extra hustle to engage the mind does.

I mean it is surely possible, to make a living out of it and there are for sure people that are doing full-time trading or investors, It surely not going to be that easy if you are expecting it to be something like a job where you could collect your salary or payout every month. For a full-time trader, it's surely going to be difficult especially if you are just a newbie in the cryptocurrency space and don't know how things work, but with knowledge and the right funds for sure you could sustain profitable investments and trades where you can make a living out of it. Especially if you're a long-term investor I could easily see people retiring just to go on being cryptocurrency investors, if you already have enough money that could sustain you, that could easily be used in order to start an investment journey for long-term plans as long as you know what you are doing, trading and investing only on sure profits trades it is surely going to be a good career in the long run. Maybe if you have a lot of passive income already you could go to something like full-time investors, because there will always be a backup plan on your end.

But if you are still not in your retirement, and just starting on cryptocurrency it surely not going to be ideal to go full-time as an investor/trader because you are surely going to lose a huge amount of money, even though you are an experienced trader it is still impossible to predict the market accurately, there are times that you are going to lose some of your investment, if analysis research is accurate probably all of the experienced trader are already trillionaires.

Regardless of the good potential that Bitcoin has to offer ,relying on only one source of income is dangerous let alone relying on a volatile Asset like Bitcoin, However, if you would do this ,you need big capital and patient too to be able to see the result you want,  basically buying the lows and selling the highs, but there is no guarantee that the market will consistently give you the desired result you look for, Futhermore, you can have services you render under the Bitcoin ecosystem that will pay you, this way you can assure yourself income stability.

It depends on what you define as a career as a person firstly, before learning what it means from the lips of someone who has their own idea.

According to the definition from the Oxford languages,

That being said, an investor may chose to be one, if they do what investors do, and that's to put their funds where their mouth and intelligence say to, that after having looked for the best venture with good returns and with other potential opportunity of profiting.

Ah! How can you use Bitcoin as a lifetime career? It won't work oh. When the investor is investing foe short or long term investment, he can't take it as a career. Short term investment doesn't mean that you will have your profile in every week or month. There are times you can wait till 2 to 3 months before it can climbed up and when it climbed up and the transaction fee is high too is an another issue. And if you are investing for a long term investment then that one is the worse so I'm any part Bitcoin investment can't be used as a career.

When you are investing in Bitcoin, you have to do another thing to support yourself.so that you won't depends on the investment only. If not your investment plan will just collapsed one day.

Investing in Bitcoin can't be a career, it's just buying and waiting for opportunity to sell. Trading Bitcoin can be a career - the difference is that trading is taking advantage of as many price movements as you can. But trading is not recommended, it's a very high risk activity, and research shows that most traders are in fact losing money in the long run.

Yes, it depends on what resources you have, it's like business man's mindset, set your plan long term, learn basic things on how to secure your device, you and and your funds by using hardware and the practice to save/backup your seed and private keys, then patience. While you can say you're fulltime in crypto still don't forget to leverage and diversify your funds by having investments to others, it's a unwise just to put your funds in a single basket.

Hard to achieve this knowing how volatile the market is but you could possibly do so something to try if this could be possible to happen don't rely on bitcoin investment only since the result is so long to show up and our profit is fluctuating the same as the volatility of the market plus there's a risk to lose. So generate something more extra income by seeing what service you can offer to other bitcoin user especially right now that there's also lots.of client willing to pay bitcoin if you can do good service to them. So mixed up try to find some good opportunity to work to earn bitcoin then invest it to grow your money since maybe this could able to work for you. We just need to be patient on everything we do and for sure in future we can all see the result of the efforts we do.

Let's not confuse ourselves and the newbies about Bitcoin, Bitcoin is a cryptocurrency and it's sort "bitcoining" of what people are doing for making profit out of it. Being a Bitcoin investor, trader, miner and any other related trades, hassles and activities done to it can be made as full time careers if you want to. So, if you want to focus and become full time on investing on it, I'd advise you that you can still do something else while you're full time investor of it. Because you don't have to commit that much time if you're passive and planned to do long term holding.

Yes, but here I would qualify that it depends on the capital you have. If you have 100 Bitcoins you can live on them as an investment, just spending what you need to live without working, but if you only have 0.1 bitcoin you can't.


In mine, it is not either.


Well, in the example I gave of having 100 Bitcoins, if I had them I would also have stocks or mutual funds, RE and some gold, for example. As you say it is better to diversify.

It is possible.

I know guys that build their whole lives on Bitcoin, they are into Bitcoin investment, and also Bitcoin trading, if you are good at what you do, what will stop you? These guys have families and responsibilities to handle.

Bitcoin investment is always a long term thing, not suited for daily income, and thats why some people who are from countries with cheap electricity tariff decide to start mining Bitcoin, this brings them daily passive income.

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You can only rely on something as your full time career if its fetching you daily income, especially a man with responsibilities, I suggest that trading and mining are best for a family man.

Here are ways that you can fully be into Bitcoin as a man with responsibilities and bills to pay.

* Day Trading.
* Bitcoin Mining.
* Online Jobs that pay monthly in Bitcoin.

OP, two posts about the same thing. Bitcoin is not a business. If you want to receive any guarantees, then you will not receive them because each person is independent for his investments and further actions with them. You will be calm only when you find the amount of money that you will not need for a certain and long enough time. But if you are a newbie who is also not wealthy, If you want to risk some amounts that are important to you, then take your time. Learn all the steps to investing so that you understand how to feel when the market goes down and don’t panic and dump your assets at a loss. You are thinking in the right direction; study first, results second.

I think it may be relatively difficult if you rely solely on BTC as your full-time career, unless you are trading with several cryptocurrencies + stocks.

Treat BTC as a form of investment- you should not rely on it solely as your main income because it is risky. Even if its price history may give you an understanding on its potential, relying solely on investments that can go into different directions can be potentially dangerous if you do not have any backup.

If you truly want to use BTC as your full time career, then you should diversify your investments. As the saying goes, do not put all of your eggs in one basket- diversify your portfolio and explore all the different kinds of investment platforms available (e.g. stocks, bank interests, crypto, etc.).

Bitcoin investment can be your full time career depending on what you know, you can successfully be a trader if you understand the market dynamics in Bitcoin trading, you can as well be a long time investor, by buying bitcoin and holding it for long time, which will give you your return in investment over time because of the increase in value that it will attain.
However for you to successfully build this career you need good purchasing power for you to successfully establish a career part on bitcoin and to also build your knowledge around it.

If you see it as potential, of course there will be people who do that if they feel the benefits of investing in Bitcoin. but to make investing a career, I don't think it's the right choice.
People who plan investments are like people who plan their future. The profits obtained are intended for the future or within a certain period of time.
Maybe there are people who say that day trading has made their career. but I'm still not sure they will ensure profits in trading or investment.

From time to time, crises occur in the global economy. Bitcoin is also part of the world economy, although it is, as it were, an alternative system (invested money still originates from the traditional financial system). It has been a long time since there have been serious collapses in the global economy, which, if they happen, will also affect  the BTC- system (the consequences will undoubtedly be felt).

Now let's do a little flashback.
Remember the great American depression, when all the stock markets crashed and took a decade to recover. There were many investors back then who lost everything they had. They, too, relied on their investments as a full-time career.

Now let's try to connect these two paragraphs. If you rely on investing in bitcoin as your only source of income, in an unfavorable and negative scenario, you would not then have to go sell apples like Fred Bell (https://en.wikipedia.org/wiki/Fred_Bell).

Don't bet on just one horse.

First, OP has to understand it is an unwise decision to make even if it's something personal to decide on, we are now deviating Bitcoin from what it used to be, as a matter of fact we are likely to have high numbers of Bitcoin Day traders(those who sees it as a career opportunity because they make quiet a good amount of daily profits)  than true investors who makes this investment with the actual concept. The young people are those who takes it as a carrier and nothing to justify their actions if not laziness to go out and get certified job using their skills and fitness but we see them claim the world is getting digital and our source of income should as well be. I hope sooner they understand stuffs life this could just be attached as a side hustle and not a career job. At some point the market will not favor them, what are they to rely on for survival, a question they need to ask themselves.

As an investor? I don't think so. As a trader? It's possible.

An investor has to wait for a long time before they get their profit from an investment they have made in Bitcoin, it could take a complete cycle and each cycle consists of roughly 4 years and that is a long time. You can't invest, and then wait for 4 years to get some profit that you can use for sustainabilities. What would you do in the years when you are waiting for the market to go up so that you can get profitable?

However, if you are a trader, you can keep earning money throughout the time you are active in the market considering you are having more successful trades than failed ones which means your net outcome will be positive and you can live your live off of it if it's enough money.

One of the advantages of investing in Bitcoin is that the time is very flexible, you can make it a full-time career or just use your free time when you are not busy with other matters. One of the reasons why many investors choose to save their funds in Bitcoin is because it can be done at any time without holidays, now investors are competing to buy Bitcoin because its adoption is increasingly widespread and it is considered the most profitable asset in the future.
Market sentiment towards Bitcoin is still positive, even though it has experienced a correction which has caused its price to decline, at the same time many investors are taking advantage of this moment to buy and hold it for the long term, the convenience and profits offered by Bitcoin are proof that Bitcoin is increasingly attractive in the eyes of the public.

Can Bitcoin be a only asset for an investor?

Yes, one who got capital like atleast few hundred BTC will not be having hard time making money, they can simply make few hundred dollars just of a trade if they manage to dump and buy at cheaper price.

Can Bitcoin be a job?

No, don't get fooled. Bitcoin is money so you need a job to make money and you can be an entrepreneur or an investor or just getting a salary which is irrespective of having Bitcoin. If you are in a stage that you need to make money and choosing Bitcoin as a way is risky, it's suitable for people with multiple revenue streams.

You can't fully depend on bitcoin because bitcoin doesn't just generate money for people without working for money. You have to get something doing that generates steady income before you can be able to invest in bitcoin.  This is mistakes People make by investing bitcoin thinking it can generate quick money for them. The reason why you can't depend on bitcoin is because it is volatile and the price movements are unpredictable and getting profit in bitcoin investment is always possible when investment is long term. Depending on bitcoin as a career without having anything doing can be Terrible.

Get a source of income that you can always look up to, that solve your needs then invest in bitcoin,  I believe doing this you will be able to invest in bitcoin without any distraction.

I also think that Bitcoin investment can be a full-time career, but I think one has a deep pocket if one wants to pursue this kind of career.  Since Bitcoin is highly volatile, there will be times when an investor have to hodl their holdings resulting to not making a profit.  If one doesn't have a deep pocket to support his living while Bitcoin is in a bear market then this path will be a loss for investors.  To counter this kind of situation, an investor should be knowledgeable of the market and be able to identify the turning points of the market price.  This way he can take a profit in every market price transition.

Making Bitcoin investment as a full-time career isn't that easy and I think it is more advisable to diversify and look for other sources of income while taking this career path, it isn't forbidden to have side income even if one is full-time in Bitcoin investment.

Well maybe OP just cross word his title. For sure he meant is if bitcoin trading and investing could be an alternate for a job like 9 to 5pm work. Best answer is it can be as long you can sustained or able to generate profit and consistent income even not big but able to get on par with people with salary on a job. I think mamy are doing this and relying on trading and short time investment as profit but these people are risk taker like no other else.

Since you mentioned career part in bitcoin then I believe that you already know the long term perspective in bitcoin investment since taking it as a career part will amount to having to wait for long time and being ready to follow every possible and available step's to arrive at a position that could be near sustainable for you as an individual to call it a career position.
It is not as if it is not possible to take bitcoin as a career part since bitcoin could offer us financial freedom and stability and it investment also open us up to alot of discovering and knowledge building, this could last us a life life long.

Yes, it’s possible but it also brings high risks as well. You can’t just invest and set a fixed amount of profits every time, that’s highly impossible for bitcoin. But due to its high volatility, people end up surprised with massive profits more than from their expectations, most especially if they are holding good amount of bitcoin at a long duration.

Also, if you invest in bitcoin with high knowledge and understanding on how the market works, with long years of experience investing or trading in the market, that will also make you eligible to gain consistent profits, to the extent of making bitcoin as a lifetime career despite of its high risks and volatility.

It can be very difficult for you to make a career out of investing in Bitcoin. Because you bought Bitcoin at a high price now you need emergency money if the Bitcoin goes down much from the purchase price then you have to sell the Bitcoin at a loss. So it is best to build your career first by doing business or job. It is best if you invest some amount of money in bitcoins besides doing business or job.

Many say invest what you can afford to lose, so you too save some money after paying household expenses from your job or business and invest some bitcoins. Yes I have heard of many people who are able to make a living by trading, because they have enough capital and become professional traders. If you also want to build a career in trading then you need to be a professional trader and have enough capital. According to me it would be better to build a career in business or job.

If you are talking about investment or at least Holding then Am not sure if this is reliable
considering the volatility and the 4 year cycle in which mostly the good movement of the price
favoring its holders , but if you are talking about Trading in which I don't think there are one
that solely using bitcoin as trading material  instead majority are using different cryptocurrencies
for many chances of gaining. , but why are you asking? planning to be bitcoin investors , if does
try not to leave your dayjob unless you are 1000% sure of your decision..

I think, you know that Bitcoin investment is different from other businesses, you can invest today and start achieving income from your business but Bitcoin investment use to take a long time before you can get what you want from the investment, because investors use to sell their Bitcoin every bullish season and it use to happen every four years some time. If you want to take Bitcoin investment as full time job nothing wrong about your decision but you need to understand how the investment works before making your final decision, because there are some bearish season that use to take a long years and all you have to do at the moment is to continue your holding till the bullish season appear before you can sell to achieve your target. You can be doing other work or business are still invest in Bitcoin without you become a full time job in Bitcoin investment, because it will help you not to sell your Bitcoin on time because you have other sources of income that is sustaining you to be able to hold your Bitcoin for long.

You are right, it might not be good enough if an investor makes Bitcoin his full career because when he experiences financial problems, it will disrupt his investment plans. Such a situation can occur even if you are forced to sell your Bitcoin when the price is falling.
even though it is spare money that we can use in urgent times. But as much as possible, avoid changing your investment plans. Anyone who invests wants a profit. and I think any investment would be better for allocating the extra funds we have. not a job where we expect profits to meet our needs.

First, differentiate between what is a career and what is an investment.
You won't be able to invest well if you don't have a career. So your career remains the main thing to earn money, and later you can invest some of this money, one of which is in Bitcoin.

Also understand the concept of good investment. Don't do it because when you see Bitcoin is in a bull run and lots of people are talking about it, you become interested and want to put all your money here. That's something I feel is wrong.

with income from your career, first differentiate between
1. basic needs
2. emergency fund
3. reserve funds
4. investment funds

If you don't share it, your investment portfolio will be messed up.

Come to my country, many investors solely rely on Bitcoin to survive, they are big risk takers and they don't have anything else that's bringing them money.

It is doable if you aren't scared of the risks involve, there will be good and bad times, but if you can make money enough to cover all your expenses and bills then you will be fine.

This days there are many online jobs that are paying in Bitcoin, you join them you start making money, also consider investment too, could be short term or mid, you will always have enough time to learn lots of stuff, a lonely mind have enough room for self improvement, this is why I am so into crypto and Bitcoin investment.

Mind you, there is nothing stopping me to have other side business offline too, since I have a partner that can manage the offline business for me, no source of income is too much if you can handle them.

it may be very difficult for an investor to be able to rely entirely on bitcoin for their investment. because the value of bitcoin is unstable at any time a person's investment in it can rise or fall quickly. so if investors want to secure their portfolio, then they need to verify their investments and not fully rely on just one type of instrument, unless they intend to gamble on that instrument in order to make a profit, then that is a different thing.

Why not it is possible, except the long-term investing, But you have to have the proper knowledge of trading like fundamental analysis to technical analysis and it is not that easy how we think in the beginning.
And besides, you have to assume that if you want to trade, you may have to face loss, even you know at a lot. So it will also takes risk even you know how to do analysis. And the next step is you have to be afford a good amount of funds which you can which you can afford to lose I mean with out that fund you can live your life without any issues. But there is a plus point for bitcoin is it don't brings losses if you can hold it.

It can still be done as long as investors have income from other sources. Relying on Bitcoin can provide maximum results if you are able to hold it for the long term. Investors can use the DCA strategy if they want to rely on Bitcoin as their main investment. Fluctuation is still one of the most frequent risks in Bitcoin investment, this risk can be overcome as long as investors do not rush to sell it or in other words the money invested in Bitcoin must not be used for other needs.

First of all, I don't see why one would rely on Bitcoin transaction for them to make profits from it because Bitcoin isn't actually a get rich scheme, I believe the reason why people do hold Bitcoin for long it's actually because they want extra profits from it but from another instance if the person is a whale then selling Little profits untop the investments can be used for daily or weekly bill but that too depends on the season either the bear or bull.

Ah, that could happen. but with a note:
- You already have passive income whose status is quite consistent and permanent. So it will still provide money for you even without working.
- You really have enough money when the market goes wrong.
and if you have handled everything and there are no problems whatsoever, and you can produce even more, then it won't be a problem. It depends on the position of each individual. But for beginners, I really don't recommend doing this, without serious preparation.

It’s risky to think when you only rely for bitcoin for your single means of survival. The unpredictable market itself will add more to its risk which makes it really hard to focus only on bitcoin for a full time job. Although a lot are actually successful with bitcoin, but we also don’t know how hard and risky their experiences were, before they reach their current position now.

It’s always better to have multi sources of investments that generates multiple profits, rather than just sticking for bitcoin where profits do not come fixed and certain.

it depends on the angle you're looking at it from. Bitcoin primarily wasn't supposed to become a means to a financial end but due to it volatile nature, it's now the case that traders and investors are now able to leverage on the volatile nature of Bitcoin to becoming wealthy and then it becomes possible that someone can now do crypto for a living.

Personally, I don't think it's right to focus all your resource in crypto, most especially if you're just an investor and you've got all the time to focus on other business or investment opportunity that can also fetch you real Money. Bitcoin investments should basically be a long term investment while you do your regular jobs that's going to keep your expenses in check.

Bitcoin is not a career so I don't know how you intend to take Bitcoin as a career. Bitcoin is just a single coin in the entire cryptocurrency market and there are other aspects of crypto one need to learn and understand to make money in the market. Crypto is versatile and as time goes on, new opportunity and innovations keeps coming to light. Once van trade Bitcoin and make money from it not just investing and holding your money for it to appreciate for a better and bigger reward. Cryptocurrency is versatile and we can't even learn all the whole aspects but to concentrate on areas that would help us to earn more in the market.

Investors do not only rely on their multi profit investments, but they also have their own stable jobs that provide them sustainable income. So they don’t rely completely on their investments, but probably half of it. So when you say relying into bitcoin for life’s survival, I guess that’s way too risky to make. You could only end up being homeless if you solely rely to bitcoin, but if you have other investments that also generate sustainable profits, well maybe you might live a comfortable and luxurious life as well.

Investing in Bitcoin can give a good profit over time but a person needs money constantly to run his life. so how can Bitcoin investment meet an individual's daily expenses. a person must have a source of passive income to meet daily expenses. so Bitcoin investment can never be a person's full time career. But it can only be a strong investment and a source of one-time big profits. and if one can keep a large amount of investment in Bitcoin then it can provide a good financial support in one's old age.

That is truth it's unwise to toe the Parth if marking Bitcoin Investment a full-time career without seting some strategy of other sources of income because is not all time the market will go through your prediction or the way one navigate the system will be, where it turns out negative such as loss that you have no other sources to mitigate the situation such will leads to a serious disaster to the investor because it will be a matter of square one.

But with the aid of other sources such of income I think there will be a limit to any shock of loss if an only if it occur because the other sources will cover up the created vacuum.

There are a lot of people that don't work and they are doing very well when it comes to living they are well established in what ever business it may be and even in bitcoin people that trade even hold for a long time or even talk about people that are into mining. And as far as people are concerned it's also a job and people are beginning to lose interest in actual jobs. And focus on Bitcoin that is for people that are into bitcoin. True that there is a lot of uncertainty but continuity and dedication will be the drive force. If you want to talk about price prediction then you have a big problem all you need to do is to focus and look for ways to make money from Bitcoin.

Good profit is exactly what everyone wants but won't happen to everyone the same time, you just have to hold your ground and keep Learning. People that trade one way or the other still have money for there upkeep. Everything depends on how you plan your self. And you can change how you pay you bills it can be monthly. Depends on how your trading is going. There are people that don't work and they are surviving on Bitcoin alone. And once they hit a big profit they use that profit to sustain there self. Everything depends on how you plan it.

This is bitcoin investment, not bitcoin trading or any other form of earning money in crypto. and you are aware that Bitcoin investment is a long time scheme not even one month thing that will bring back your money with profit. So imagine you rely on it without getting any other way of earning money, how are you going to survive, trust me you will later sell your investment at lost. Because you will surely need funds to meet your needs, relying on bitcoin investment is never a option, furthermore Bitcoin investment is for people that have another means of earning money, so that even after the investment they won’t go back and sell till it reaches there target.

Its not problem bitcoin be a full time career for investor, many trader or investor have leaving their offline job and focus to earn much profitable with bitcoin or altcoin trading. Currently many time fluactive of cryptocurrency income but once time earn profit from crypto can recovery more several month salary payment from offline job.
But its make balance with offline job to earn monthly passive income and cryptocurrency will be side job although with profitable more bigger than offline job.
Before making bitcoin become full time career I think need prepare much saving assets early, when market crash and not stable still has assets or saving fund how to recovery our daily needed after retired from offline job forever.

As long as someone buys it, it will always happen where if demand comes one after another once sold, someone sells.  Everything you say is normal, it's just that we can adjust it according to our needs.

If you like to trade real time information about prices, the latest issues and market sentiment is also needed to determine the position when you should buy and when you should sell. However, if you are indeed mentally an investor, surely after you buy you will come back in the next 5 or 10 years with maximum results, the rest and only follow the development of the global economy following viral news, just watch TV.

for investors with experience, it is very easy to do. but for those who may be just starting and have very little experience dealing with market situations, consistently holding is very difficult. especially when you are holding Bitcoin and over time you see a short pump occur which increases in price. Such situations sometimes or more often make novice investors inconsistent with their plans.

from experience and when dealing with market situations more often will make the investor's mentality develop. those who succeed in learning will survive, but those who are not mentally strong will definitely leave sooner and perhaps they will fall into the same hole.

You can definitely choose Bitcoin as a full time career. But for this you need to know about cryptocurrency with all your knowledge. Not only bitcoin but other alt coins also have good potential. Bitcoin halving ended a few days ago so currently Bitcoin has high potential. Everyone has their eyes on Bitcoin now, Those holding long-term bitcoins right now will see a huge financial hit in a few days. So if you want to choose crypto currency as a full time career, you need to know everything about crypto currency, like; Trading, risk management, always keeping an eye on the market, and financial freedom are also essential. Because Crypto Currencies will not always give you profit, there will be loss and you have to adapt to that loss.

The first rule in bitcoin investment is to invest only at your spare money you can afford to lose, which means that would be your extra income from your main source of income or side hustle. Otherwise, if your purpose investing in bitcoin is to rely completely on it when it start making profits, obviously it won’t work in the long run. There will be inevitable times that you will face financial crisis and you can’t just rely on bitcoin for that most especially if bitcoin that time is experiencing price correction itself. In the end, you will still need a stable job that will sustain your daily needs since bitcoin itself is designed to be a long term investment, which means it takes time before you will reap its profits.

Maybe some of people will disagree with me, but nope it cant be, trading can be a full-time career but bro only Bitcoin doesn't possess enough potential to meet the daily expenses of a middle-class person, yup if you live a middle-class life, but you are quite rich with the inheritance money then you can say somehow you can manage to earn enough yearly return to live a good life but it will also require a harsh activity in the market, as market doesn't go upside always you need to make decision multiple times in a quarter to end with good returns at the end of the day.

Bitcoin investors could be engaging in long-term or short-term investments. Short-term investors are Bitcoin traders who engage in buying and selling cryptocurrencies on a daily, weekly, or monthly basis. For me, long-term investors keep Bitcoin for at least four years and above. Some people are professional traders and they do it as a full-time job. But I will not advise anyone to take trading as their only job because income from it is highly uncertain.

I have read that some old-timers in Bitcoin Investment are not working anymore because they have made enough profit to live comfortably. Those people can be said to be full-time investors because they keep investing and making a profit. But for an average Bitcoin investor who is accumulating through different means, relying solely on Bitcoin might be unwise because the price is highly volatile. There is no way I can survive only on Bit Bitcoin investment, I will always need other sources of income to cover my expenses. Therefore I share the same thoughts with you @Hamza2424.

I’ve also seen quite number of people focus on bitcoin investment and entrust their full time career on it. Unfortunately, only few have succeeded and the rest have turn into losers in the end. This proves how risky bitcoin investment is, that it may used up all your reserved patience if things won’t work out and not working according to your plan. So to avoid having them at feeling, it’s still advisable to invest only when you have a stable job to rely on, and bitcoin investment should only serves as a side hustle.

If one selects Bitcoin as a full time job he can do it but for an investor Bitcoin can be a full time job if he is very experienced. But if someone suddenly wants to make a career out of Bitcoin then there is a lot of scrutiny involved. First you need to acquire full knowledge about Bitcoin and then you need to plan your career.

Well is possible though, but at first you have to have the mindset of long-term investment. Because you can't just start investing in Bitcoin and start and withdrawing like yah full time career and stuff ,so at first you have to spend years in yah Bitcoin accumulation. Purchasing Bitcoin with any strategy that's convenience to you expecially the use of DCAing. Then after reaching the point of having enough Bitcoin stashed in your portfolio. Then you can focus on the yielding of profits part , maybe by then Bitcoin may have surged more making yah profit massive .

I presume those who leave their jobs and focus on bitcoin either through trading or investing, have established already their finances and it’s not like they only have bitcoin as an investment but surely, they have diversified already their funds into potential investments which some are already generating good profits for them. Otherwise, they’ll only struggle in the future if they stick on bitcoin alone without any other investments that are providing them passive income.

You cannot be a good bitcoin investor when you rely solely on your investments for your daily expenses, you'll end up liquidating your portfolio and ruining the investments you made earlier. Bitcoin investment is for a long term, and even when you've invested for a longer term, you don't just start preying on your holdings so that it remains profitable for you.

You can remove a part of it and use the money to diversity your investments or possibly startup something that will be talking care of your daily needs, or better still get a job to take care of your need while your portfolio keeps appreciating. I reduced my portfolio slightly earlier in the year to invest in agriculture which gives me returns quarterly during harvest and my revenue is enough, coupled with my job to take care of my responsibilities, while I continue increasing my holdings with my funds from Sig. Campaign and my periodic purchases.

Bitcoin is an investment entity and you don't need to treat it as the bank were you withdraw money every time you need it. No, there are times transaction fees can be high and you loose more trying to get little funds out of your holdings. Imagine paying $10 fees to send $50 worth of coins to the exchange. Its crazy right?. Without the right attitude towards your investments, you tend to lose out instead of profiting.

For sure they have other things done and didn't rely only on trading or on their bitcoin investment since even if we can really say that we are earning on our bitcoin investment this is not sustainable. F

or sure their other profit has been invested on other business which generate them some good profit that's why we see some people looks like focusing because they are financially secured for multiple investment they have done.

But if they only rely on the income given by bitcoin for sure that in future once everything is not going on their side like there's bear market season will happen they provably struggle to gain or worse they will be in worse situation since they find hard to earn in that condition.

In as much as Bitcoin does not stop us from buying and holding then I don't think we need to take it as a full time career.
Even to the traders that always trade in the market, many of them has regular jobs but still trade because trading is not something that needed to take all our time because we enter the market. There are people that takes trading Bitcoin or other cryptocurrency has their main job which is not bad. Investing in Bitcoin is not something we do everyday. We just buy and hold waiting for the price to appreciate so we can make profits.

Being a long term investor won't favor you much if you want to make it a full time thing, since you'll be sailing  high and lows with  your bitcoin  profits as your only hope of income.
On the alternative,  just  having another source of income  to fuel your bitcoin  holdings  is a wiser route to take, as you will have emergency  fund  at hand, and you will have no need to touch  your  holdings.

many people think that investors don't have other businesses that can support their finances, but in fact the average successful investor is one who has a stable business and only buys investment assets with their cold money

if you follow Michael Saylor then you can see that he has a lot of investments in Bitcoin, he has used the DCA method in recent years and promised not to sell the Bitcoin that his company owns, there are many investors who do have expertise in working with their money and on average Of them, it's not just an investment as a full time source of their income

Hodling doesn't require much time nor effort, so why make it a full-time career when you have so much free time to do other business?

In the case of people who went all-in and can't rely on anything else but Bitcoin's success, it is irresponsible to simply sit down an hope for the best. And for those who can rely in other sources of income, like Saylor, why should they only dedicate themselves to something as simple as supervising that the DCA bot works as expected (simplifying the topic a lot, but you know, I am referring to the technical, operational part and little else), when they can hire somebody else to do it?

It can be a full time career if you have skills you're able to offer for bitcoin. Some examples worth mentioning here are bitcoin journalists, who write news for us every day, often being paid in bitcoin.
Another well known branch of the industry is mining, so if you can become a full time miner, or an employee in a mining company, you're going to build a career on bitcoin. There are many other things you could do like producing something and selling it for bitcoin, or even working for a bitcoin exchange. That said, if you're trying to build a career on holding bitcoin, don't. That doesn't have much in common with a real job.

How do you know this? Do you have a valid reference or do you have own research to know this? TBH, I doubt that you will have the data about the job of each investor of Bitcoin. Even many investors that never show their identities to the public. And I'm not sure if there are many people who rely on investing in Bitcoin only for their regular income, specifically for a long term holding. We all know to earn the profits will take a long time, how the Bitcoiners to fulfill their daily necessities if they need a long time to take profits? It rather doesn't make sense.

If you understand the cycle of bearish-bullish, you will know when you will do entry and exit in Bitcoin investment. Sure, we don't know how much the profits to earn in Bitcoin investment. But it doesn't mean we totally don't know whether it is profitable or not. We don't gamble in Bitcoin, we invest in Bitcoin!!

A lot of individuals are already relying on bitcoin as an asset that has the potential to do well over time. Investing in bitcoin doesn't need any rocket science knowledge and it's not as if you have to read ever article about bitcoin to start investing or read the whitepaper.

All you need to know is what you want to do, how to buy, and how to store then along the line you can find out the rest.

Bitcoin well beats the test of potential and has proven that through out history, bitcoin Was built in a way to ensure that's it always have value and has a limited supply that makes it even more unique than gold, meaning that they can only be a gives amount of bitcoin for everyone in the world to compete for.

There are already traders that take advantage of this price volatility to make money out of bitcoin, but when it comes to investment you would care less about price fluctuations and focus more on buying bitcoin cause that's what really matter.

I don't think is a good thing to take Bitcoin a full time career for investors, I think investors are those that buys Bitcoin and hold for long term which is where Bitcoin seems to be best performed, and you need to be following up your other careers for you to be able to have a good Bitcoin size buy investing consistently and holding, if you make Bitcoin your full time career how can you be able to build a good Bitcoin size and take care of your needs and also be building your Bitcoin investment, unless you are considering trading for short term profits which for me I think is risky and you will panic when Bitcoin price will be going down.

Bitcoin is not a short-term investment, so it will be difficult for you to rely on it as a full-time career if you do not have a source of income. If you only depend on bitcoin to cover your daily expenses, it will be difficult for you to achieve because the profit you will get in the short term cannot be enough to cover your expenses all the time. And sometimes you might not even sell your bitcoin fast to take a profit and solve your problems. For instance, when you buy bitcoin at a low price, you will have to wait until it goes up so that you can sell and make a profit. But unknowingly to you, bitcoin dipped below your entry price, which will delay you from selling your bitcoin quickly because you are at a loss. If you do not have another source of income, you will end up selling your bitcoin to survive, because you can not be patient enough for bitcoin to rise above your entry price.

For bitcoin to be a full-time career for you, you need to have the mindset of holding it for the long term, like 4-5 years. You also need to have a good income source that will allow you to accumulate bitcoin and also solve your daily expenses so that you will not depend on your bitcoin investment to solve them. It's easy to depend on the return from your real-life business to solve your daily expenses because it is not a long-term investment like bitcoin and the cash flow comes daily.

Bitcoin is a currency, we can't rely on currencies for full time job but there are other careers that revolved around a currency like being a trader that we can depend on, if you're a trader that then you can rely on that when you know you're better than being average. Investing shouldn't be a full time job for you or you'll always be restless with monitoring the market and getting upset with every little setback that shows up in the short term. If you want to be an investor you should definitely have other businesses that bring in cashflow so you can use that for sustainability. Investment money should be used for capital gains and not to be depending on them for cashflow.

You can have a full time career depending on Bitcoin related business just as everybody has a career demanding on other currency related businesses. The moment we begin to see Bitcoin as also a currency, we'll then understand Bitcoin more and know how to benefit from it. There are many ways you can make use of Bitcoin just as there are many ways in which you make use of your local fiats but Bitcoin has more benefits due to it having a decentralized borderless transaction quality and other unique quality that I don't have to mention since we're all familiar with them.

No. You will end up regretting such decisions as relying on such a volatile market is highly challenging. They are other career opportunities outside Bitcoin, let us not expect much out of it. If you want a full time career in financial market being a trader is the best option but that will take time.
Investors who depend on there portfolio already have reach maturity stage, so it will take consistency, patience, sacrifice and the right knowledge before you can rely totally on your investment options. But mature investors and firm can live on Bitcoin but not a newbie or someone still in early accumulating stage.

Bitcoin can be a currency, or only an asset for investment or a mean for trading, people can use it in many ways.

I agree that investment or trading should not be a full time job especially if a person still struggles to get income for daily expenses. Investment can help to improve an individual finance and help him or her to be richer in future, have better finance and life. However it should be an additional income resource, not a main one. It is not good to completely depend on an investment for monthly expense as it will create pressure to trade in the market, no longer investment.

Relying on Bitcoin investment as a full time career isn't a right decision to take except you wanna trade your coin to earn on a daily basis which comes with high risk of losing or cashing out.Bitcoin investment which offer high return wouldn't be nice to rely on, investing on Bitcoin can be carried out without tampering your holding as continuous cash flow of money is coming from other source of income.

I think it is bad idea to rely only on Bitcoin investments as fulltime job unless you are ok with taking big risks and trading every day. Even then you might lose money or sell at loss. Investments that promise big returns are unpredictable and not trustworthy at all so it is not good idea to count on them for steady income. Instead of this it is better to invest in Bitcoin while having separate steady income from other sources. This way  you can hold onto your investments without feeling pressured to sell or trade too much.

I agree. There are two things, one is trading and the other is investments, and those who buy and hold certain cryptocurrencies are making investments and those who buy and sell them in the short term are trading. So, if a person says that they are earning a full-time income from their Bitcoin investments, I would say they might have been doing that but that isn't sustainable or reliable because you won't be able to keep earning from that source to keep running the kitchen on your household.

So those who wish to earn a living through cryptocurrencies will need to start trading which means they will be buying and selling cryptocurrencies in the short term to get a small percentage of profit on each trade, and this shouldn't be done with just Bitcoin but it is mostly more profitable when done in altcoins.