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Author Topic: full-time cryptocurrency  (Read 3422 times)
pedrog
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February 14, 2018, 02:47:52 PM
Last edit: February 14, 2018, 03:39:42 PM by pedrog
 #141

Is it good to leave my job to dedicate myself to full-time cryptocurrency?

This is what I tell people when they ask that:

If you've been profitable for at least the last 2 years, have a house, car, money to pay the bills for at least next 3 years and a portfolio worth at least $50k, maybe it's time for you to quit your job.

Before you do so, bear in mind trading is a very lonely job, if you like to work with people you should make plans for the transition or keep a part-time job.

Crasengover
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February 14, 2018, 03:19:45 PM
 #142

I also thought about such idea, and maybe one day when I earn enough money for living I'll quit the job. But the current situation with crypto is not stable at all, no one knows what will happen next. When I know for sure that trading and investing in crypto is legal, than probably I'll change my mind.

rachelia13
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February 14, 2018, 04:51:50 PM
 #143

I would like to, but it seems to become a full time to gain money in crypto not suitable for me for a while. My current job, very spend my time.
Yes it happened to me too, my work is also spend my time so for now it's not suitable for me to have full time in cryptocurrency. But i think leave the job for full time in cryptocurrency is worth it because the result can be greater than the salary we received every month
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February 14, 2018, 07:22:41 PM
 #144

It is good decision if you have backup for survival and pay bills then go with trading,First of all educate yourself regarding crypto and trading.Invest in stable coins and increase the portfolio step by step.

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February 14, 2018, 07:55:19 PM
 #145

I have done it but it happened by surprise as I was noticed for my passion in my main craft and was invested in by someone who works in crypto. I now use my admin skills from home to assist with bounty hunting and crypto admin.
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February 14, 2018, 08:14:59 PM
 #146

I don't think it's a good idea if you don't have a lot of skills related to cryptocurrency cause the price of cryptocurrency is unpredictable sometime you earn but sometime you lose so if you leave your job to focus on cryptocurrency but what will you do if you lose everything with a wrong decision? I think you should keep working with your job and earn cryptocurrency as a extra money Smiley

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February 14, 2018, 08:26:37 PM
 #147

Is it good to leave my job to dedicate myself to full-time cryptocurrency?
I think that's worth it. I personally did not work at work, but if I worked, then I would have left the job for sure, because I could not lose that moment.

fragout
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February 14, 2018, 08:47:47 PM
 #148

Dont do it i my opinion. You might be making profits now passively trading but its a different ball game when you Have to make profits to feed yourself. There will be good days and bad days and your mood will reflect this.
Its a bit like going pro poker player. Not an easy life, even for the good guys.
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February 14, 2018, 09:00:09 PM
 #149

It is depend on your income and expenses and how much you earn from the Cryptocurrency. Those two factors are more important and you should carefully evaluate yourself before asking anyone. There are some dips in Cryptocurrency sometimes and you should ready for that as well. If you can earn more amount from Crypto than your job definitely you can quit your job. But if not you should think twice.
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February 14, 2018, 09:08:57 PM
 #150

Is it good to leave my job to dedicate myself to full-time cryptocurrency?

Yes, it is if you like it. It's a very strange and pleasant thing to be a boss to yourself. A few years ago when I left my daily job all my family was against my decision. But now I know that it was THE BEST decision ever. I wish you luck.
Did you have backup funds for that time in case of failure? Because if there are no such funds, then it's damned risky, it's almost as risky as participating in the lottery.  Wink

Of course I did and I actually do. I always cash out a part of my funds during the surge for 3-6 months of living. Plus I use a hedge strategy to reduce risks, so I must have a part of my funds in USD to buy crypto at lows. You never know what will be tomorrow so it's better to make backups.

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Polonium
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February 14, 2018, 09:11:17 PM
 #151

Crypto currency is a good way to earn but the question right now is reliability, with the ongoing issues and government regulations, I’m still not too sure about it’s future, will crypto investment be profitable a year or two years from now? I believe crypto will eventually reach a mutual reconciliation with the government and all matters will be fixed, but as of the moment I still cant leave my current job as I have mouths to feed.

luongdk
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February 14, 2018, 09:15:38 PM
 #152

I think yes if you are ready to analyse everything. It is not even necessary for you now to invest all your money in some ICO or anything else. Before that you must to learn how to earn cryptocurrency not buying her)
Just the same work, but it is here)
Bounty, airdrops and other
Earn money and them chose the most actual kind of activity - ICO, trading or anything else. Success for you
Bellator
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February 14, 2018, 09:17:39 PM
 #153

Is it good to leave my job to dedicate myself to full-time cryptocurrency?

This is what I tell people when they ask that:

If you've been profitable for at least the last 2 years, have a house, car, money to pay the bills for at least next 3 years and a portfolio worth at least $50k, maybe it's time for you to quit your job.

Before you do so, bear in mind trading is a very lonely job, if you like to work with people you should make plans for the transition or keep a part-time job.

In crypto currency, this can be considered as a part time job mate and I think everything is worth and its not a lonely job to do. Every real situation can be exciting towards everyday task despite of some panic moments which really made us more strong everytime, when we faced those challenging days that a coins that you're having with is going to dump which in fear to die of. Having full time of the crypto currency trading job has given us freedom to face reality in life.

peleng
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February 14, 2018, 09:20:06 PM
 #154

Is it good to leave my job to dedicate myself to full-time cryptocurrency?

Yes, it is if you like it. It's a very strange and pleasant thing to be a boss to yourself. A few years ago when I left my daily job all my family was against my decision. But now I know that it was THE BEST decision ever. I wish you luck.
Did you have backup funds for that time in case of failure? Because if there are no such funds, then it's damned risky, it's almost as risky as participating in the lottery.  Wink

Of course I did and I actually do. I always cash out a part of my funds during the surge for 3-6 months of living. Plus I use a hedge strategy to reduce risks, so I must have a part of my funds in USD to buy crypto at lows. You never know what will be tomorrow so it's better to make backups.
Thank you for sharing your strategy. This is really valuable information, I always thought about using reserve funds, but you explained everything well and now I want to try to use your strategy.  Smiley
Altero
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February 14, 2018, 09:36:04 PM
 #155

I would like to, but it seems to become a full time to gain money in crypto not suitable for me for a while. My current job, very spend my time.
Yes it happened to me too, my work is also spend my time so for now it's not suitable for me to have full time in cryptocurrency. But i think leave the job for full time in cryptocurrency is worth it because the result can be greater than the salary we received every month
Though chances that we can get much money from crypto  compared to our job but isnt  enough to decide of leaving without any back-up savings. Always remember that crypto isn't stable, it could be anytime will be down.  We can be in crypto even though we have a day job,  is just a way we manage our time properly. 
xsaints128
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February 14, 2018, 09:37:45 PM
 #156

You shouldn't leave your job because cryptocurrency market is quite volatile and unpredictable. You should do trading when you have time provided you are experienced in it and if you don't have time then just diversify your money in some good projects for keep it for long term.

ohlawdy
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February 14, 2018, 09:39:14 PM
 #157

It depends on how good you have been doing in the past.
It is a really risky move to make , but i you have made decent money and you think you can make more by going full time you can go for it.
I still feel this space is to new and volatile to go full time at it.

poochoorookooy
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February 14, 2018, 10:06:15 PM
 #158

Is it good to leave my job to dedicate myself to full-time cryptocurrency?

My belief in the cryptocurrency market is always intact. However, for me to take that leap of faith and leave my full time job would be such a risk for me. Umfortunately, in my months of being in this industy, I have known that returns from ventures may be realized for months and months, thus, I cannot risk not having a steady source of money to be used for my constant expenses. Maybe that could be possible if you have stored lots of savings that could get you by for months.
adzino
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February 14, 2018, 10:10:16 PM
 #159

Is it good to leave my job to dedicate myself to full-time cryptocurrency?
That is the worst thing you could be doing to be honest. You job gives you stable income. With stable income you will have a stable future with stable security. But crypto currencies are not stable. They are extremely volatile, so just holding and trading will become riskier. It is better to spend just few hours a day on trading and rest for your stable job.

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markint
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February 15, 2018, 12:22:33 AM
 #160

Is it good to leave my job to dedicate myself to full-time cryptocurrency?

I do not see why having a common life and a normal job should be incompatible with the interest in the subject of cryptocurrencies. I believe that by organizing your daily activities you could carry out a myriad of activities without having to give up everything to focus on this business. In fact, people who have amassed great fortunes with bitcoin were never stuck to their monitors watching the price of cryptocurrencies day and night, so I would not recommend abandoning everything to focus solely on this issue.
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