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Author Topic: Don't ever quit your job to trade crypto.  (Read 2031 times)
sunsilk
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April 22, 2022, 09:35:06 PM
 #161

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.
That's totally a low salary on a monthly basis.

If that's the job that you have to sacrifice and you're earning more with cryptocurrencies whichever is the method you've been doing then it's worth it trades for you.

Anyway, still there's a point that before you quit and go full time in crypto, make sure that you're quite stable on your newly found venture.

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April 23, 2022, 02:46:11 AM
 #162

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.

The thing with any investment or business is that, no matter the amount of money you have, it is always good to start small and grow over time (don't test water depth with both feets). Because you are entering a new market and you need time to understand the market. Your job will stand as an insurance for you, in case of any loss. So keep your job, continue investing in crypto and growing your portfolio until the money you make from crypto is more than enough to pay for your lifestyle and also save. Then only can you quit your job.


Generally I feel if one has to go far in trading. He/She has to give it an undivided attention. That way things and principles can be grasped easily and comfortably.
Having a job and trading at same time is way stressful and most likely lead to errors  because the job itself requires undivided attention to be the best at it.. Two masters can’t be served at same time. But it will be better if one starts small, keeps trading working while taking time to , understand the principles and you’ve advised, Then quit, and focus solely on trading..
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April 23, 2022, 04:08:32 AM
 #163

Crypto is the biggest risk I've taken so far that did pay me well for all the time wasted, I think the risk is worth it unless your job payout is way better, where I'm from the dollar is a lifesaver honestly so even if my earning per day is 10$ its already a big earn in my country currency.
yeah right. if the salary from daily work exceeds the income from crypto then don't leave the job. but if the work done gives a low salary. there is nothing wrong with choosing to jump into crypto as long as we really understand and master the crypto trade itself. because if you don't know or master krypto itself, it's better to keep your job even though the salary is small.

same as in my country. $10 dollars per day is enough to meet daily needs.

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April 23, 2022, 02:55:33 PM
 #164


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.


Yes I think having more expertise it would be better to meet our needs. Focusing on just one job sometimes makes us feel that we are not enough. Even today I am also like you, I still have a main job even though my trading income can exceed that. But I don't want to give up my main job happy with my side being a crypto trader. Of course this will support my financial situation. Maybe not only me you too.

R


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April 24, 2022, 10:41:55 AM
 #165

It would be very foolish for an individual to quit a steady paying job and delve fully into crypto trading. In my opinion, btc and crypto trading in general should be an alternative source of income cause your investments in crypto trading could result in a loss. The steady paying job could also be lost in a second hence the urgent need to diversify in all that we do. Diversification cannot be overemphasized in the world we live in today

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April 24, 2022, 04:32:25 PM
 #166

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.

The money is really too low, but I don't know the part of the world which you are from, some places their standard of leaving is low and $50 can go a little way. I don't know the kind of job you are doing, I don't know maybe the job those not allow you to have time for crypto currency trading, I know the payment is really sure but the payment is sure, in Cryptocurrency trading time might come which things might not be going well and you won't really be making money, but your job payment is sure everymonth.
If am you, I won't quit the job the only thing I will be doing is that I will make sure I create time for cryptocurrency.

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April 24, 2022, 11:09:18 PM
 #167

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.

The thing with any investment or business is that, no matter the amount of money you have, it is always good to start small and grow over time (don't test water depth with both feets). Because you are entering a new market and you need time to understand the market. Your job will stand as an insurance for you, in case of any loss. So keep your job, continue investing in crypto and growing your portfolio until the money you make from crypto is more than enough to pay for your lifestyle and also save. Then only can you quit your job.
Everything in crypto is only temporary, so always keep your stable job because that is already a sure means for you to survive. However, for all newbies who are seeing crypto as a get rich quick scheme, then you are believing in a big lie. Everything in crypto needs effort and hardwork, if you are not prepared for that, then better do not enter in crypto. And another honest advice, you will only grow in crypto if you have another good source of income to rely, not on crypto alone.

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April 25, 2022, 09:36:32 PM
 #168

It would be very foolish for an individual to quit a steady paying job and delve fully into crypto trading. In my opinion, btc and crypto trading in general should be an alternative source of income cause your investments in crypto trading could result in a loss. The steady paying job could also be lost in a second hence the urgent need to diversify in all that we do. Diversification cannot be overemphasized in the world we live in today

Some people may take decisions of quiting due to some issues that can of much stress, and if the job is not worth the stress or of the job is not giving them what they want like what they get from trading,  it is possible for them to quit the job. Quiting a job for trading depend on how the looks like.

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April 25, 2022, 11:38:30 PM
 #169

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.

The thing with any investment or business is that, no matter the amount of money you have, it is always good to start small and grow over time (don't test water depth with both feets). Because you are entering a new market and you need time to understand the market. Your job will stand as an insurance for you, in case of any loss. So keep your job, continue investing in crypto and growing your portfolio until the money you make from crypto is more than enough to pay for your lifestyle and also save. Then only can you quit your job.
If you can do your job and the same time trade crypto, that will bring more profits than what you expected. Than just relying on crypto alone, there are no fixed income, and the moment you failed your trades, everything will end up in a mess. So always be practical whenever you decide, its better to be safe than sorry at all.

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April 26, 2022, 01:25:29 AM
 #170

If you can do your job and the same time trade crypto, that will bring more profits than what you expected. Than just relying on crypto alone, there are no fixed income, and the moment you failed your trades, everything will end up in a mess. So always be practical whenever you decide, its better to be safe than sorry at all.
Having two sources of income is something good for good financial support. Doing these two things simultaneously is a hope, but not everyone is able to do it if time is very limited.

To me, if the trading or investment income we make over the course of a year is equal to the total average income from other jobs we also did in 15 years, then I think we should be safe leaving that job to trade or invest. But again, as I said before, we must know what the worst consequences will be if we don't want something to happen in the future. But when we managed to maximize the chances, then we should be satisfied with the result.

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April 30, 2022, 11:40:11 PM
 #171

Crypto is the biggest risk I've taken so far that did pay me well for all the time wasted, I think the risk is worth it unless your job payout is way better, where I'm from the dollar is a lifesaver honestly so even if my earning per day is 10$ its already a big earn in my country currency.
yeah right. if the salary from daily work exceeds the income from crypto then don't leave the job. but if the work done gives a low salary. there is nothing wrong with choosing to jump into crypto as long as we really understand and master the crypto trade itself. because if you don't know or master krypto itself, it's better to keep your job even though the salary is small.

same as in my country. $10 dollars per day is enough to meet daily needs.
Crypto is risk taking investment and every investment is a risk. It is not good to quit your job for not only crypto but for every job. It is better to get job addition than to leave one job for a other one.
Crypto is a passive income which can give you time to do other jobs, so keep both jobs.
$10 can make small difference in my country but not for someone that has family and relatives that he carter for.

R


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May 01, 2022, 03:06:17 PM
 #172

I don't know why, but to me, I've never seen investing in cryptocurrency as something that requires all your attention to the extent that you will have to quit your Job for it. And this is one of the advantage of investing into cryptocurrency: you mind your business (Job) while you dedicate some of your time for cryptocurrency. I know people who are into cryptocurrency and they have their Job still, and this people are doing well in cryptocurrency. Quitting your job for cryptocurrency is like applying for a new job and then going ahead to submit your resignation letter in your present job when you are yet to be employed for the new Job you applied for, judge for yourself, is there wisdom in this?
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May 01, 2022, 09:54:11 PM
 #173

I don't know why, but to me, I've never seen investing in cryptocurrency as something that requires all your attention to the extent that you will have to quit your Job for it. And this is one of the advantage of investing into cryptocurrency: you mind your business (Job) while you dedicate some of your time for cryptocurrency. I know people who are into cryptocurrency and they have their Job still, and this people are doing well in cryptocurrency. Quitting your job for cryptocurrency is like applying for a new job and then going ahead to submit your resignation letter in your present job when you are yet to be employed for the new Job you applied for, judge for yourself, is there wisdom in this?

Quitting for crypto exist especially when you founf career here and you earn a lot of money compare to your odd job, but you need to take smart decision for this because if you see what you do on crypto is sustainable already and you need more time to find more opportunities to gain more then why not right? But if yoh just rely on trading only well theirs no logic there because you will just regret why you quit especially when you are in your bad day on trading.

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May 01, 2022, 09:59:10 PM
 #174

A lot of people have asked about this before, it quite okay that you brought this to our notice again even though there are much similar treads about this topic. I wouldn't really advice anyone to quit their jobs for crypto besides who will say No to multiple sources of income.
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May 02, 2022, 08:50:48 AM
 #175

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.

The thing with any investment or business is that, no matter the amount of money you have, it is always good to start small and grow over time (don't test water depth with both feets). Because you are entering a new market and you need time to understand the market. Your job will stand as an insurance for you, in case of any loss. So keep your job, continue investing in crypto and growing your portfolio until the money you make from crypto is more than enough to pay for your lifestyle and also save. Then only can you quit your job.

This is actually the best advice to be given to anyone going into cryptocurrencies, be it either trading or investing. Never you quit your job because you dont know if that new atmosphere you are trying to embark on will be conducive or not, and moreover, it is only a foul that taste the depth of a river with both legs, which is the same thing as quitting your job within the few months of starting a crypto trading when you haven't made enough money to carter for both your needs and that of your love ones, because there is always room for plan B, and your job serves as the plan B, incase the unforeseen circumstance happens, because nobody knows tomorrow. Trading is a risk, which you may win or loss at times depending on your level of experience. So if you have a friend, brothe,r or sister who just start crypto trading and wants to quit his job not to.


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May 02, 2022, 10:45:35 PM
 #176

Crypto is the biggest risk I've taken so far that did pay me well for all the time wasted, I think the risk is worth it unless your job payout is way better, where I'm from the dollar is a lifesaver honestly so even if my earning per day is 10$ its already a big earn in my country currency.
yeah right. if the salary from daily work exceeds the income from crypto then don't leave the job. but if the work done gives a low salary. there is nothing wrong with choosing to jump into crypto as long as we really understand and master the crypto trade itself. because if you don't know or master krypto itself, it's better to keep your job even though the salary is small.

same as in my country. $10 dollars per day is enough to meet daily needs.
Crypto is risk taking investment and every investment is a risk. It is not good to quit your job for not only crypto but for every job. It is better to get job addition than to leave one job for a other one.
Crypto is a passive income which can give you time to do other jobs, so keep both jobs.
$10 can make small difference in my country but not for someone that has family and relatives that he carter for.
.many people who quit their job because of cryptocurrency don't have understanding about cryptocurrency,  they think trading or investing in quiting can give them all they want,  it is just to risky  to leave a job for crytocurrency,  crytocurrency market are not favourable always, not always profits comes in.

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May 03, 2022, 05:31:58 AM
 #177

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.


It is base on what that is good for you, there are people whom there Jobs are giving a lot of stress.
Too some people they do not have passion for the jobs they do and are into there jobs because they don't  have option at the moment,
 So Question
what if they invest into crypto and make a lot of money to go into another personal business better than their Job? Or
Have a way of making more money in crypto more than their Job?


In order view, putting eggs in one basket isn't good because depending one source of income is very risky,
Therefore in case you loose one you can hold onto the other one, so if someone is not making much out of crypto,
you should do your job and at the same time trade crypto depending on your time with your job.
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May 03, 2022, 06:54:16 PM
 #178

Everything in crypto is only temporary, so always keep your stable job because that is already a sure means for you to survive. However, for all newbies who are seeing crypto as a get rich quick scheme, then you are believing in a big lie. Everything in crypto needs effort and hardwork, if you are not prepared for that, then better do not enter in crypto. And another honest advice, you will only grow in crypto if you have another good source of income to rely, not on crypto alone.
The more sources of income, the more protected you will be. You should never quit your job, your main source of income, if you cannot earn an equivalent income from any other business. You don't have to quit your job to try your hand at trading. If you are sure that you are able to earn money by trading, then just take a vacation from work and try to devote a few weeks of this time to active trading. You will see how difficult it is and you will also be able to evaluate how well you are doing it.

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May 03, 2022, 07:05:19 PM
 #179

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.
I see your point there. People should not be tunnel-visioned on how much they are earning in something that is not going to last in the long-term. Establishing a business is also a risky, but if it takes off, it surely is going to be a rewarding and you might not even need to work more than 3 hours just to generate revenue once your business matures.
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May 04, 2022, 01:35:24 AM
 #180

Crypto is the biggest risk I've taken so far that did pay me well for all the time wasted, I think the risk is worth it unless your job payout is way better, where I'm from the dollar is a lifesaver honestly so even if my earning per day is 10$ its already a big earn in my country currency.
yeah right. if the salary from daily work exceeds the income from crypto then don't leave the job. but if the work done gives a low salary. there is nothing wrong with choosing to jump into crypto as long as we really understand and master the crypto trade itself. because if you don't know or master krypto itself, it's better to keep your job even though the salary is small.

same as in my country. $10 dollars per day is enough to meet daily needs.
Crypto is risk taking investment and every investment is a risk. It is not good to quit your job for not only crypto but for every job. It is better to get job addition than to leave one job for a other one.
Crypto is a passive income which can give you time to do other jobs, so keep both jobs.
$10 can make small difference in my country but not for someone that has family and relatives that he carter for.
.many people who quit their job because of cryptocurrency don't have understanding about cryptocurrency,  they think trading or investing in quiting can give them all they want,  it is just to risky  to leave a job for crytocurrency,  crytocurrency market are not favourable always, not always profits comes in.

It is true. and in fact that I saw recently there was even a friend of mine who was determined to quit his job in the real world just to jump into the crypto field. whereas I warned him to reconsider because crypto is not as beautiful as he imagined.
and in the end a few months ago he was a little frustrated with his crypto trading because indeed he had not mastered the market situation so he suffered losses. and finally he decided to work again in the real workplace. and now making crypto a sideline.

so the conclusion I draw from this incident is "the majority of people who choose to enter the crypto world by leaving their old jobs are usually people who do not understand the risks involved in crypto. So they think that making money from crypto is easy."

in fact, I myself have been trading in the crypto market for years and sometimes I still lose. not always profitable.

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