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Author Topic: Don't ever quit your job to trade crypto.  (Read 2031 times)
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February 09, 2022, 09:26:10 AM
 #141

Even the most profitable traders don't quit their job for trading,  they still hold on to their job. If a trader feels like quiting his job for trading  that trader should be well established  by having other business as income before taking such decision. Depending on only trading for living can be risky, you really can't tell what can happen along the lines.

R


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February 09, 2022, 01:06:05 PM
 #142

Even the most profitable traders don't quit their job for trading,  they still hold on to their job. If a trader feels like quiting his job for trading  that trader should be well established  by having other business as income before taking such decision. Depending on only trading for living can be risky, you really can't tell what can happen along the lines.

I don't know how regulation will be made, but it looks like cryptocurency has a pretty good future. For now maybe if you have a kingdom that you have been working on then continue. Nowadays crypto is a side job that may be able to increase your amount of wealth. But in my area it can't be the main one. In addition, the social situation of my area has a very high sense because I am live in the village. It's quite strange if I'm just at home and have a lot of money and fancy buildings. 

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February 09, 2022, 03:11:52 PM
 #143

Even the most profitable traders don't quit their job for trading,  they still hold on to their job. If a trader feels like quiting his job for trading  that trader should be well established  by having other business as income before taking such decision. Depending on only trading for living can be risky, you really can't tell what can happen along the lines.
There could also be those people that even they're not yet established and experts in trading, they're just leaning onto their own instinct and thinks that they can survive the hardship of being a full time trader. The treatment of crypto trading for them is it's like a business that they should work on. That's why the risk that they take is more than the usual if they're only relying their income and living expenses into trading. Because we know that it's not everyday profit.

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February 09, 2022, 03:39:05 PM
 #144

Even the most profitable traders don't quit their job for trading,  they still hold on to their job.

They Know how to balance and make a good use of trading as a side job or additional profits.

If a trader feels like quiting his job for trading  that trader should be well established  by having other business as income before taking such decision.

True,before you decide quitting your job make sure that you already have a long term plan, that include good amount of fund
to take a long shot without worrying about your finances.

Depending on only trading for living can be risky, you really can't tell what can happen along the lines.

That's the very use of planning before doing or deciding to anything.
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February 21, 2022, 11:11:24 PM
 #145

Never quick your job for trading, you can as well do your job and also trade. It better not to keep your head in one basket, you can be earning from both side which is a good step.
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April 11, 2022, 10:37:47 PM
 #146

It's senseless to quit job for trading when the job is the only source of income.  If the job is been quit how is money for trading will come about?
No reasonable person will quit  job for trading , the market is not your property which you can decide how it will be, one can't even predict what is going to take place.
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April 12, 2022, 10:25:36 AM
 #147

It's quite unscrupulous that one should think of quiting his job just because he has invested in cryptocurrency. Cause the risk is enormous compares to the security of a real job at hand.

Anyone with such idea should quickly have a rethink or you probably might end up losing on both side. Or perhaps your health inclusive, as depression may follow from the thought of total loss.

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April 12, 2022, 09:32:17 PM
 #148


Am sure everyone wants an easy life, providing food and money for the family by the job we do. It is hard already for those who have jobs to keep them afloat through salaries and wages they earn. Now think of what the situation will be with those who do not have a regular paid jobs at hand. I will not advise anyone to quit their job and go into trading cryptos which is often a complicated industry. If you have a secured paying job, keep it and never risk quitting it for cryptos.

If you just want to feed your family, keep the job. Trading is a risky venture, you don't only use your effort to work but you also need to invest money, so this is not for everyone as the majority of us are not risk-takers, we like job security. However, if someone desires financial freedom and willing to risk their money in trading, then this is the answer as you can train yourself, improve and you'll eventually become successful in the long run.
Trading will never give you a fixed income on a regular basis, so you should not risk quitting your stable job just to focus on trading. Especially if you have a family to feed, trading will never guarantee profits and it may leave your family into hunger. However, trading can give you consistent profits if you are skilled in trading, but even how good you are, you are still susceptible to losses. This is why trading is very risky, so i won't suggest making it as your main source of income as there are no assurance if you will win or lose your trades every time you trade due to market's changing condition.
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April 12, 2022, 09:49:42 PM
 #149

Have seen lot's of people complaining about the job they do that is really stressful and the money they get from crypto trading is far more than the salary they collect from the job, so must of them are planning to quite their job because they are making much money in trading and is less stressful. I will never advise anybody to quite job because of trading, trading can fail you at any moment so is better you have a backup plan, which is better you get a job or you have your own personal business.

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April 14, 2022, 01:18:33 AM
 #150


Am sure everyone wants an easy life, providing food and money for the family by the job we do. It is hard already for those who have jobs to keep them afloat through salaries and wages they earn. Now think of what the situation will be with those who do not have a regular paid jobs at hand. I will not advise anyone to quit their job and go into trading cryptos which is often a complicated industry. If you have a secured paying job, keep it and never risk quitting it for cryptos.

If you just want to feed your family, keep the job. Trading is a risky venture, you don't only use your effort to work but you also need to invest money, so this is not for everyone as the majority of us are not risk-takers, we like job security. However, if someone desires financial freedom and willing to risk their money in trading, then this is the answer as you can train yourself, improve and you'll eventually become successful in the long run.
Trading will never give you a fixed income on a regular basis, so you should not risk quitting your stable job just to focus on trading. Especially if you have a family to feed, trading will never guarantee profits and it may leave your family into hunger. However, trading can give you consistent profits if you are skilled in trading, but even how good you are, you are still susceptible to losses. This is why trading is very risky, so i won't suggest making it as your main source of income as there are no assurance if you will win or lose your trades every time you trade due to market's changing condition.
I totally agree with his suggestion. because crypto trading is far from stable. because the price is fluctuating. so a backup plan is necessary when experiencing losses in the crypto market. namely by continuing to work outside of crypto trading. because I prefer crypro trading as a side job. even if you earn more from crypto than your job. but believe me in crypto will not profit forever. there is a time for you to lose. and that's where we'll be really grateful not to quit our jobs.

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April 14, 2022, 06:35:21 AM
 #151

Even the most profitable traders don't quit their job for trading,  they still hold on to their job. If a trader feels like quiting his job for trading  that trader should be well established  by having other business as income before taking such decision. Depending on only trading for living can be risky, you really can't tell what can happen along the lines.
Really? Most profitable trader and still want to have a job? For me if Im in this position where most of my trades are profitable then I will surely quit my day job, start a business and become a full trader actually you dont need a job anymore if you are the most profitable trader. In trading you can earn in a month 10x what you can earn in a year from your day job but in order to make this as you said you need to be profitable enough from your trades. You will only need a job if your trading skills is like 2/10 meaning you only have 2 wins in every 10 trades which is not profitable.  

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April 14, 2022, 06:47:59 AM
 #152

I quit my job because the payment isn't worth the hassle, also my country's currency is less valuable than USD so getting paid in USD makes more sense when exchanging for Fiat, I'm all into crypto now and I already have a mining farm too, I prefer a life where I can be my own boss and have my freedom.
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April 14, 2022, 07:02:20 AM
 #153

Even the most profitable traders don't quit their job for trading,  they still hold on to their job. If a trader feels like quiting his job for trading  that trader should be well established  by having other business as income before taking such decision. Depending on only trading for living can be risky, you really can't tell what can happen along the lines.
Really? Most profitable trader and still want to have a job? For me if Im in this position where most of my trades are profitable then I will surely quit my day job, start a business and become a full trader actually you dont need a job anymore if you are the most profitable trader. In trading you can earn in a month 10x what you can earn in a year from your day job but in order to make this as you said you need to be profitable enough from your trades. You will only need a job if your trading skills is like 2/10 meaning you only have 2 wins in every 10 trades which is not profitable.  

If most of your trades are profitable and you decides to quit your job and start a business it is a good plan ,atleast you have a good source of income which you are sure you can always get money from,  you won't wont to depend on your cryptocurrency to much , even if their is loss you won't feel it that much because you already have a source of income. But when you only depend on cryptocurrency maybe you loss some money it can be terrible because that's the only source which money comes in.

R


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April 21, 2022, 05:10:28 PM
 #154

I wouldn't advice any newbie or anyone at all to leave there job for trading. Trading is very risky and it could all crash within a blink of an eye, so it always good to have insurance, something like a pole of risk, like something you can run back to when your trading start falling. So never quit your job for trading, besides it always good to have multiple source of income.
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April 22, 2022, 03:19:25 PM
 #155

I quit my job because the payment isn't worth the hassle, also my country's currency is less valuable than USD so getting paid in USD makes more sense when exchanging for Fiat, I'm all into crypto now and I already have a mining farm too, I prefer a life where I can be my own boss and have my freedom.
You're very lucky it turned out good for you and you should be happy about that because not everyone can say thesame. I know you're established already but having a stable job that pays even if its not much is always better. It always feels different knowing you are expecting payment at the end of the week or at the end of the month.
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April 22, 2022, 05:42:14 PM
 #156

I have already quit my job for crypto, in my country we have jobs that pay too less for your hard work every month, I am talking about salary earners, be expecting 50$ per month and mehn, crypto has given more than this in a week, its worth quitting your job if payment or salary is too low.

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April 22, 2022, 05:49:31 PM
 #157

I have already quit my job for crypto, in my country we have jobs that pay too less for your hard work every month, I am talking about salary earners, be expecting 50$ per month and mehn, crypto has given more than this in a week, its worth quitting your job if payment or salary is too low.
I don't think a decision like this is suitable for everyone even when you manage to earn 5x more in crypto than you would in your main job. Obviously there are a few things you can consider unless you are prepared for all the risks ahead.

I have a primary job that pays less than the current signature campaign revenue, but I need to know that it's not forever that I can expect this campaign to pay me weekly and monthly because there's an end.

But if you believe and have decided to leave the main job for trading that produces better results, then that is the final decision with all the consequences. I wouldn't quit my main job even if I didn't earn a bigger salary than any type of crypto job I currently have.

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April 22, 2022, 06:00:53 PM
 #158

I see a lot of newbies ask whether they should quit their jobs to trade crypto, and my honest advice is you should not try it.

But truth be told what works for someone might not work for you or everyone and vice versa. My advice, if trading crypto turns out to be paying you more money than your current job... I think the math here is simple, scale up with your crypto trading and push your self to the next level but before quiting one needs to weigh the benefits that will arise from leaving one job to the other, once all this is put into consideration then a decision can be drawn, Good luck.

R


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April 22, 2022, 07:01:46 PM
 #159

~
I can't imagine some just doing it like that. Making crypto as your primary source of income is not the great way to go. It is going to be horrible in the long-run even if you are earning in the first few days.
If people would really want to be in crypto industry as their primary source of income, freelancing is a great way, but not just mainly trading and SCs. SCs are unreliable source of income, it should be just in the side ones.
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April 22, 2022, 07:14:13 PM
 #160

I can't imagine some just doing it like that. Making crypto as your primary source of income is not the great way to go. It is going to be horrible in the long-run even if you are earning in the first few days.
If people would really want to be in crypto industry as their primary source of income, freelancing is a great way, but not just mainly trading and SCs. SCs are unreliable source of income, it should be just in the side ones.
It makes sense if we quit our main job to get other more commensurate income including trading compared to the results of our main job. I ruled out signature campaigning as a job because it's a side job, but specifically for trading, we can actually make it a better job compared to $50-$100 for your main job monthly salary.

Of course there is a risk that we must bear in the long term but you can still start a new business from the results you get from trading such as opening a new business that you are interested in. But I believe there is always a way to survive the main job in the real world especially since we can trade not 24 hours a day.

.
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