Well said. It is all about the preferences of individuals.
When people are capable of finding consistent income from crypto trading then that will be nothing wrong to adopt it as their full-time job over traditional jobs. But, in my experience I have not seen any trader is consistently making good trades for making a living out of it. Probably after years of experience anyone can make consistent trading but it takes time.

There could be thousands of reason for people getting failed with their trading. One prime reason why they are failing must be, lack of knowledge and experience. Yes, I mean to say when you are having sufficient knowledge and experience then you can overcome any situation and can manage any trade into profitable.

Failures in trading is common for any trader but how we are managing is more important because when you are making more profitable trading than failure ones then you can become a successful trader easily.

Day trading with such a plans must be a good practice but it will be good as long as you are a self controlling trader and sticking within your trading plans. Otherwise, knowing a good time to sell your coins alone will be a better alternative way to stay secured with your trading career.

Because, in my experience holding altcoins for infinite time period is not a good idea. We must have plans when to book profits and where to switch our capital. Only with this kind of cycling you can be secured for consistent profit making. Choosing a right coin is more important one but the most important one must be when to book profits and what will be the next best opportunity.

Yes, stop loss is nothing but cutting our losses earlier and at the trend changing point. A stop should be derived based on a technical analysis as random stop losses may get triggered in usual market fluctuations itself. When a stop loss is set at trend changing point then we cannot do anything about the losses except accepting those losses.

In my experiences, stop losses are mandatory in order to prevent losing all the capital in one wrong trading. Because, no trader will be able to predict market movements accurately then we should be ready to accept losses often. But those losses should be in a calculated amount.

Trading could be a guaranteed source of income as it has enormous risk all the times. I'm not suggesting anyone to go for trading in full-time because it is highly frustrating work and you cannot find peace of mind if you get into trading. We need to work for more than 15 hours per day to make our trading profitable. Because we need to spend a lot of time for technical analysis so that we can bring more accuracy for our predictions calls.

Whereas an office job, probably requiring some 8 to 10 hours of work. But we can earn unlimited from trading but an office may bring only fixed income. If you want to lead a risk free life then sticking with a day job is the right option.

Almost all the traders are getting failure in their predictions time to time because market fluctuations are highly undefinable to understand them. So, I like to suggest you to stop worrying and focus on strong technical analysis so that you can predict next time more accurately. If you notice, almost all the traders are trading based on average. We cannot buy or sell at the exact reverse points. It means that all traders are facing this kind of problems.

If you do not want to miss any buying opportunity then you should buy in average. Similarly you can sell in average. If you want to make money with the every swing then you will face disappointments more frequently. Because no one can predict accurately to buy/sell at exact bottom or top.

Most probably you must be wrong because $9000 levels are acting as very strong support if it gets broken then we can easily see $7000 to $6500 levels which should not happen as it will make people to lose their faith on bitcoin ecosystem. I am expecting bitcoin to bounce back from current price levels as double bottom has been witnessed around $10k price levels. Double bottom is a strong signal for the reverse of market sentiment.

I am expecting market to test new heights in next month as we can see bitcoin prices to cross $12000 to $15000 levels before end of this month. If we are getting prices above $15,000 then we can be sure about having new all-time high in next month.

Those manipulators from wall street may not bring any big impact into bitcoin ecosystem or it is already to late for anyone to control the bitcoin price levels. This is because when bitcoin prices are increasing any whales or manipulators will lose their controlling power slowly. Same way bitcoin is being traded in almost all the countries and we cannot expect one set of exchange people to impact price in greater levels.

In coming months, we can expect more distribution of bitcoins into common people which will be aiding for sustaining bitcoin prices.

You cannot underestimate beggars into very low level. Because they also will be adopting technology to compete in this world. I mean to say they will buy smart phone to accept bitcoin donations, for example. Because, it will be "die" or adopt kind of situation is for them so definitely they will come out for a solution to withstand in this world.

When some new revolution will be affecting from portion of people's survival, then definitely we can expect some technical people will be helping them for free of cost too. So I'm not saying beggars will be suffering a lot, but only in the beginning days, they may some hurdles.

The reason you have mentioned are probably true but what are the effects the ban by the government will bring into bitcoin and its growth ? If they are getting clear idea about the consequence of banning bitcoin then definitely they will not bother about any regulations about bitcoins.

Yes, when people start using bitcoin as a currency and start dealing between them for their daily life's needs then government will not find any chances to regulate/ban bitcoins. It is a basic human right to accept any medium of exchange for their services and goods hence government will not able to intervene here.

This is what going to happen with bitcoin system in very near future and after that we can see governments are getting silent about bitcoin.

Limiting your funds for gambling may work until you get addicted. But, as per most of the gamblers, almost all the gamblers who are frequent to gambling are getting addicted more quicker. Because, after getting into gambling people start losing their self control hence they are not limiting themselves with amount of money to spend for gambling nor the frequency of their gambling activities.

Typically all the gamblers' mindset will be in oscillations between continuing gambling and stopping gambling but unfortunately most of the time continuing gambling kind of mindset alone raising to peak and this will be leading to bigger gambling disasters.

When your nears and dears also into gambling, the chances of understanding your gambling excitements and gambling problems will be more then you can have less hassle filled gambling life. In my opinion it is a gift. Because, most gamblers are suffering due to lack of support from their family.

The advantages, a gambler may enjoy when their family members support gambling activities will extent up to the level like they will help in the process of quitting gambling after got addicted to it.

If OP is about to search for serious advises for his gambling then probably he will drop his idea of trying with bitcoin gambling after your suggestions. No one would prefer to become poor but all people want to become rich by making easy money and they choose gambling as their medium. I must say, you have given a practical approach. But not sure how much impact it will create to those gambling aspirants.

I like to suggest those gambling aspirants to start with faucets and stay with faucets alone forever. When we gamble responsibility then we can enjoy gambling and we can avoid gambling problems.

Your thinking will be different when you are gambling and when you are talking outside gambling. I believe no gambler will decide not to continue their gambling after any big losses but most of them will prefer to continue to find different results with their gambling from their previous attempts.

Speculating future profits by imaginary thinking about easy money is the thing which keeps all the gamblers to gamble more among many losses. There will not have any clarity about the dangers of gambling while inside the gambling that is the reason they keep speculating and keep trying.

A true bitcoin believer will not get appointments as bitcoin prices are known for quick bounce back and when bitcoin prices will be testing $20,000 price levels then we can see all the investors turning into profits regardless of their different buying price levels. This is how, so far bitcoin prices are doing and we can expect these to be continued in this year also.

When we are expecting bitcoin prices to continue its rally then there will be no meaning of having any exit strategy. Just holding and spending some portions of bitcoins for life's need alone more than enough for all the true bitcoin believers. 

I guess there will be no risk if we decide to buy some more bitcoin at current price levels. After the recent big corrections, we are getting another chances of buying bitcoin for cheaper prices. For both long-term and short-term investors current price levels must be very good opportunity to buy some more bitcoins.

We cannot expect bitcoin will stop going up as in coming days mining bitcoin will be more difficult and people will cry for bitcoins. So, buying right now will be definitely profitable and this trend will continue for at least next hundred years.

Those yesterday's bull run is now facing little correction as bitcoin prices are again falling below $12,000 price levels but fortunately it is not continuing and we can see prices are sustaining around $11,800 price levels. It could be the signals for prices to bounce back toward $15,000 price level as I am also seeing the momentum from bears is weakening and bulls are gaining strength for another big rally.

I'm sure bitcoin prices are getting ready for testing $15,000 to $17,000 price levels in coming weeks as the news from some countries regulations are settling down as new adoptions are about to start again. I'm expecting more exciting weeks ahead.

No, it would not have much popular under those circumstances and the reasons are very clear. Bitcoin is here to make investors gain big profits by buying it at low rates and selling it off during pumps. This would not have been possible if bitcoin had stable prices just like gold. Volatile nature of the bitcoin is the only reason why gold investors are much inclined towards crypto market especially bitcoin.

The rate of scam is increasing day by day and many ICOs can trick us. It is good to invest in a new project that is just getting started because it will not cost a big amount and the chance of earning big profits is also present but the problem is, it might not happen. We cannot also recover our stolen money.

Therefore, it is better to stick with the old ones as they all are trustworthy. Bitcoin should be the first priority. Yes, rather than looking for any opportunity to invest bitcoins, it would be much safer just to hold bitcoin investments and simply watching how big bitcoin prices are growing.

Just because you find day trading hard, which is hard in real also, should not be enough reason to hate this method. It is risky and complex but it is also very beneficial. A person can make money on daily basis. What can be better than this ?
Try to day trade an asset like bitcoin which has a future. Sell out the coin in the morning and check the value in the evening, if it is low, buy more coins. If it is high wait till next day.