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Author Topic: Is It advisable to quit my present job for bitcoin?  (Read 14057 times)
nesty
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November 24, 2017, 03:25:32 AM
 #121

Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...

What's your take on this, should I go ahead and quit?

Thanks

It depends on the total Bitcoin you have in your account if you think that your bitcoin possession is enough for you to be a able to live  a lifetime that would definitely advisable for you to retire from your present job.

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November 24, 2017, 03:27:56 AM
 #122

i think it is not wise to quit your job for bitcoin unless you gain millions because of bitcoin..since you do bitcoin anytime of the day i would say to stay on your job for extra income..and you would not be confined at your house for being in too much of bitcoin..
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November 24, 2017, 03:31:24 AM
 #123

Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...

What's your take on this, should I go ahead and quit?

Thanks

It depends on the total Bitcoin you have in your account if you think that your bitcoin possession is enough for you to be a able to live  a lifetime that would definitely advisable for you to retire from your present job.
agree on it even me if that was the case that i already have enough bitcoin then it is much better to stay at home tehn focus on bitcoin i may quit also then start a business deciding to quit your previous job just because of the crypto that you wanted to take more time here are may depends on your situation.
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November 24, 2017, 03:36:20 AM
 #124

Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...

What's your take on this, should I go ahead and quit?

Thanks

Personally, I wouldn't advice you to quit your job, but in anycase that you reached or gained a huge amount of bitcoin and can use those money to put up something that could give you a definite income, then I will not stop you, you can do as you please, you got money and you got somewhere to get it from.

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November 24, 2017, 03:39:18 AM
 #125

Asses yourself first if you can earn as much as you earn while working. It is not enough to quit your job because you are earning today. What if in the next month we enter the bear market and your holding suddenly dips, do you have other plans that can suffice your bills and expenses. I advice to have other source of income before doing so. At least you will be more calm if one doesn’t go as planned. There are many sources of income, whether for bitcoin or fiat, you just need to know where you excel at and where are you comfortable to work with. Honestly speaking, if you are earning enough on your job, don’t quit it because you see other income opportunity, earning in bitcoin can be done on sides and can affect your work. Time management is your ffiend.

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November 24, 2017, 03:40:13 AM
 #126

Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...

What's your take on this, should I go ahead and quit?

Thanks

Personally, I wouldn't advice you to quit your job, but in anycase that you reached or gained a huge amount of bitcoin and can use those money to put up something that could give you a definite income, then I will not stop you, you can do as you please, you got money and you got somewhere to get it from.

Yeah if you are managing to exceed your income in bitcoins in compare to your job then there is nothing wrong in quitting your job as our main concern is to earn money and if you can easily do it with bitcoins that would be an great opportunity for you and the best thing would be that you can work according to your convenience and that also without any pressure.

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November 24, 2017, 03:41:52 AM
 #127

Dude, it is your choice. If you can afford the risk and if you have necessary savings, then why not? Only those who takes the risk benefits in the end. If you continue doing your full-time job, you will achieve hardly anything in your life. You will be enslaved by the bankers in the form of mortgage and you will be working till 60 or 65 years of age. 

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November 24, 2017, 03:43:46 AM
 #128

You should always have a main source of income that is stable and that you can always count on to give you money at a specific time, so quitting your job is not advisable. Trading in bitcoin is a different question, it is also like you are gambling in some way because you are not entirely sure that you will gain what you expect you would. The risk of trading depends on how well you engage yourself in it and how well you prepare for your trading transactions.
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November 24, 2017, 03:47:29 AM
 #129

Mate, it's bit risky but your choice. If you believe you can earn profits then you may determine to do it full time.
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November 24, 2017, 03:48:56 AM
 #130

Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...

What's your take on this, should I go ahead and quit?

Thanks

Yeah you can see those traders having a time freedom but the question is can you still maintain your lifestyle now even though you will quit your job and not have a source of income other than trading? If you can do this then go ahead you can quit your job and trade but think of the scenario when you lose in a trade and its only your source of income so you will have the urge to profit because you can't afford to lose so you will chase some trades and end up in a bigger lose. You can't be emotional when trading because it would compromise your decisions and you can't think straight which would be a trouble for you.

The other question is do you have experience in trading already or a newbie because if you are a newbie then there is a tendency that you will lose in your first few months or few trades because you are still not used in controlling your emotions and you are still getting the feel of the market. Trading is a roller coaster ride. Even the professional traders lose but they know how to manage it but it took them years to cope up with it.

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November 24, 2017, 03:54:19 AM
 #131

If you already have experience in bitcoin trading and you think you can make enough money to live by doing this then quit your job and do what you want.Do this only if you are 100% sure you are good enough on bitcoin trading because it is a very serious thing.

You have to take in consideration that this would be your primary source pf income and you treat it like a job, you are 100% dedicated to it. Make a good strategy and follow it.You also have to take in consideration the fact that bitcoin price can anytime fall to a very low amount and you lose all your money. That is why I suggest you to keep an amount of money in case that happens so you could live a couple weeks/months until you can find another job.
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November 24, 2017, 03:56:54 AM
Last edit: November 25, 2017, 11:37:48 PM by GreenBits
 #132

Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...

What's your take on this, should I go ahead and quit?

Thanks

no, to be frank thats not a smart strategy, bitcoin is too volatile to base a house hold off of, unless you have a very high salary. if you have dependents, at least for their sake keep your day job. redundancy never hurts!


actually, im in a poor mood tonight, thats not fair. if you have a meaningful job then no, please do not quit. If you truly love bitcoin, find a balance between the two. you can always use the fiat to purchase additional bitcoin, if you are that enthusiastic. but it is a rare bird that can make a living solely in btc, without having a very developed, or very unique skill. while there are some natural traders, most of us struggle a bit, self included.

these price levels will not always be; do take advantage of this while it lasts, but dont grow accustomed to all of "this" (2017).


You might set yourself up for a hell of a meh.
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November 24, 2017, 03:58:03 AM
 #133

In my opinion, is not advisable to quit your present job just for bitcoin. If you have a regular job and still love your job don’t quit just for bitcoin. Yes, bitcoin price is getting higher and higher, and you also thought of that you can earn a lot of money, by focusing in bitcoin. But for me, it is not advisable, because if you have a regular job and want to promote in the near future. Experience is the in your job is the most qualification needed. Just manage your time, you can do the both sides, bitcoin is always there.
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November 24, 2017, 04:00:13 AM
 #134

It depends on you..If you are satisfied by your job and if can invest enough time for this job then you must not quit..now if you are disliking this job..if you dont have enough time for this then also dont leave this job...keep it as a per time job.. because it will add a part to your life.
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November 24, 2017, 04:07:55 AM
 #135

It depend on you and the nature of your job. Without any doubt, bitcoin is worth staying with, it may be advisable to quit a job if it would not permit you to have time with Bitcoin and it the job payment does not really what missing bitcoin for, if it is a job like mine, the is not too stressfull and time consuming. I would suggest you keep doing it. Because bitcoin is not precisely a job. Its an opportunity to deal and make money.
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November 24, 2017, 04:08:00 AM
 #136

   Well you created good topic, 133 replies today. Do you really need such advices? You have already got what you need. But as we are here I have to say something too. How may we define your life way for you, we only know your nickname. Instantly I would like to say dont work, dont pay taxes, dont support evil government which abuses people. It is your time to decide, if you are able to manage your life yourself that is great, but dont burn bridges behind you

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November 24, 2017, 04:08:19 AM
 #137

It depends on you..If you are satisfied by your job and if can invest enough time for this job then you must not quit..now if you are disliking this job..if you dont have enough time for this then also dont leave this job...keep it as a per time job.. because it will add a part to your life.
according to my experience you don't need to quite your regular job for bitcoin because working with bitcoin is not tough and also not need enough time you can easily cover your all work by working honestly for 3-4 hours daily and 3-4  hours are easily adjustable with regular job while there is also an opportunity that you can do your work at any place there is no fixed place or office for working with bitcoin.
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November 24, 2017, 04:12:59 AM
 #138

Don't quit your present job to trade for bitcoin.  Why can't you do both at the same time?  Unless you have millions in bitcoins ready to cash out into fiat to live off of for the rest of your life, I would wait on quitting your job but still trade and buy up bitcoins at the same time.
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November 24, 2017, 04:16:21 AM
 #139

Bitcoin trading these days has become so rucreative that I am tempted to quit my present job which is not giving me enough time to explore more out of bitcoin world...

What's your take on this, should I go ahead and quit?

Thanks

It's better to think twice before you leave your job because you know, the bitcoin future is still unpredictable anything can happen and your current job is on your comfort zone. By leaving your current job, you are leaving your "comfort zone". Talk to yourself and your parents/wife first about your decision.
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November 24, 2017, 04:20:46 AM
 #140

That was ridiculous idea my friend! In my opinion, it's not practical to quit your job which is stable (i think so) and choose to focus more in bitcoin trading. In your job, I'm very sure that you will have your salary as long as you work but in trading, your earnings only depends on your strategies and may still face losses.

I guess you are not contented to the salary that you get from your job that's why you think to switch in trading, well if that's the case then go for it if bitcoin trading can fullfill more of your needs. But if I were you, I will still pursue trading without quiting my job, it's just a matter of time management after all.
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