A better way to invest in cryptocurrency.

[Tienquyendahn]

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

[gilangIDR]

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

That is a fact because many of my friends have finally left work in the real world and then concentrated in the crypto world, precisely in the world of trading. trading is one very interesting job because it provides many benefits for the perpetrators. Trading can be learned and our skills can increase when our experience increases. We all have the same opportunity to be able to make a profit, believe Trading can provide success for us all. This is an interesting type of work and also brings us a lot of money.

[HODL2090]

Quitting your job to go into trading, cryptocurrencies or forex is an asinine move and is not advisable anyone does that.
Trading is not something you jump into, rather you start from the bottom and grow. At this point you are not earning enough to sustain yourself. Only after getting a strong foothold and growing your profits can you take it as your sole source of income.

[Kemarit]

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.

Yes, that's the sad part for those who have quit their daily job because they think that Bitcoin will be on a bull run forever. And I'm sure that they've been struggling ever since to bring put on the table for the family. I remember seeing countless threads saying that they have quit their job and focus on trading or even bounty campaigns, bad decision.

So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

I think its better to have a regular job, not just a side job, but a job that will pay you every other week or monthly. Then take into account every expenses and then put aside some for your crypto investments.

[Tienquyendahn]

We're on the same page here. You're absolutely right.

[Xardasim]

Yeah, that is right. You just should try as much as you can risk with risky things, when you face the decisions that will affect your own life. At least, according to price volatility it would be more appropriate to continue with Forex after learnning deeply.

[Dreamchaser21]

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

Even if the market becomes good again, I will still not take the risk to leave my job just to trade because the profit here is not guaranteed compare to the fixed income that I can get from my job. Its good to set aside a small portion of your income and invest it when you’re ready to trade at no specific time.

[AppliedOptimal]

I think I have a better way. I just keep my original investment, and do not spend any more FIAT on it, while trying to do gigs to earn crypto like answering surveys on earn.com etc.
If you know a statistics gig, let me know.

[joshy23]

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

Even if the market becomes good again, I will still not take the risk to leave my job just to trade because the profit here is not guaranteed compare to the fixed income that I can get from my job. Its good to set aside a small portion of your income and invest it when you’re ready to trade at no specific time.

Security wise, having your day job will secure your family while trading inside volatile market won't, having  a good position and invest spare money
will not do any harm just in case the market fells more, it's about decision making and how well you will going to take between secureness and risky
investment that can't assure you for bigger chances of success.

[GreatOrchid]

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

I like your concept and i am sure that a lot of peoples might be using this method to have lower loss compared to higher profits.
Investing 10% to 20% of your gross income will not make you worried that and also for long run the markets will surely jump some or the other day.
I have faith in cryptocurrencies and personally have about 30% of my gross income invested into cryptocurrencies.

[AhmadM]

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

In other words, you said its time to buy and hodl the token/coin we bought with 10-20% of our monthly income. That's a good strategy to deal with current market conditions, I think it can apply easily by many people in this forum.

Quitting your job to go into trading, cryptocurrencies or forex is an asinine move and is not advisable anyone does that.
Trading is not something you jump into, rather you start from the bottom and grow. At this point you are not earning enough to sustain yourself. Only after getting a strong foothold and growing your profits can you take it as your sole source of income.

Yeah, quit from the job and jump into trading moreover without skills or experience in trading that is stupid thing it just will be a big loss

[harizen]

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

Honestly that was the usual approach.

Those who left their day job to focus on trading surely didn't understand the risks they entered especially during the 2017 hype. It's just fine for me if they know the risks but if they just did it because of the hype then definitely that's wrong.

Some of them saw that doing crypto trades is a quick rich scheme therefore they focus on it. Since they are not used to deal on a big crash they didn't know what to. It leads to panic, regrets and failed strategy.

Moving forward, if they are eager to recover they can start again from scratch. There are lots of successful traders who also have day jobs and some of them even have their own businesses at the same time. That is dedication.

[rosezionjohn]

You may also add this on that list - spend time learning how to trade and how to analyze projects to invest into rather than just throwing 20% of your monthly income.

[target]

If you are just to invest just buy BTC,  hold it and back to your regular job. That's a better way to invest in crypto. Trading isn't as easy as it looks when you are not focused to it. If you invest on ICO you make sure the project will be up and running as early as possible so you won't have to wait long to profit, it may be too long for you but 2-3 years for me to hold a token isn't long enough.

[AhmadM]

If you are just to invest just buy BTC,  hold it and back to your regular job. That's a better way to invest in crypto. Trading isn't as easy as it looks when you are not focused to it. If you invest on ICO you make sure the project will be up and running as early as possible so you won't have to wait long to profit, it may be too long for you but 2-3 years for me to hold a token isn't long enough.

I think to invest in ICO has more risky than trading, so it's not recommended for new member who just begun in cryptocurrency. We have to completely understand what the project they are running, it so difficult to select really legit project/ICO for now.

[DaMut]

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

Only a fool that would do that, there is no way Trading is as good as your main job.
unless you have the capability to control the market, then everything is fine. But if you do not have any capability to change the flow, it is good to stick around with your main job and treat it as a playground, the most important thing that we need to understand when we are playing this game is afford to lose it all. You will not survive if you do that for a long time or when the market turned like this, the market is very unstable and we do not have the ability to see the future.

[Autumn_Rain]

I like the way you think.
By the way, it was a big surprise for me to learn that many people quit their jobs to earn with crypto.

[omonuyak]

I know a lot of people who quitted their day job to trade in the cryptocurrency market.
But it was when the market was good.
In this bear market, they're struggling very hard to survive.
So I think the best way to invest is this :
Have a side job, cut down your expenses, then invest 10-20% of your monthly income in the market.This way you never have to worry about gain and loss and surely you have higher chance of getting rich because the market will recover in the long run!

I Totally agree with you and what you have posted as it will make the traders not to over depends on the proceeds of they trading that they did not have hope of it coming.  Investment is a game of patience and you have to have other such of income for you to be able to be patience with the market.

[PuertoLibre]

I like the way you think.
By the way, it was a big surprise for me to learn that many people quit their jobs to earn with crypto.

This thread is half of what crazy people were ready to do in order to get more crypto before it was too late for them. Many people sold their house for investing to cryptocurrencies so i can't  imagine where they are living now. Trading can be dangerous if you don't have idea what you are doing..

[crzy]

You may also add this on that list - spend time learning how to trade and how to analyze projects to invest into rather than just throwing 20% of your monthly income.

It should be so your savings will be worth it and it will not lose easily. A better way to invest is when you know what and when to buy, yes you have the money but you should not forget first to learn. Having a stable job is also better than to do full time in trading which is too risky.