Don't ever quit your job to trade crypto.

[tvplus006]

I bet no one can full fill this requirement. Crypto is bullish these days and almost anyone can make profit in such circumstances, only those who get over excited because of this bull run can think of quitting the job. Relax, this bull will be over soon and bears will take over. Those who think quitting there job won't ask such question once we are in bear season.

For a professional trader, there is no difference at what stage the market is. Since in this case, the use of margin trading allows you to make a profit on both bullish and bearish markets. Last year, when there was a lockdown, for me the profit from trading for several months was the only source of income.

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[Pamadar]

I have seen many people wondering if they should quit their job just because they started making profits.
What they don't understand is it is not necessary that they will continuously make profits in consecutive trades.
They might even lose money in the bear market if they don't execute the right trades.
Yet they are determined to quite their job. One should never quit their job before they have 5 years of experience in trading crypto.
Also, if you are young then you can take the pressure of doing a day job while still trading crypto part time.
This will increase your sources of income which you can again use in trading.

Solid 5 years of experienced will allow you to understand both up and down that's happening inside this venue of investment.

Quitting your day job is possible if you already master the right way of making money from your everyday trade. Most of those who are successful in this industry take a lot of time before they finally find the right system.

Value your day job, only decide if you see yourself making good money that can sustain 1-2 years of your daily needs, adjustments,
can be done if you have enough savings from coming from your investment profits.

[Theones]

Solid 5 years of experienced will allow you to understand both up and down that's happening inside this venue of investment.

Quitting your day job is possible if you already master the right way of making money from your everyday trade. Most of those who are successful in this industry take a lot of time before they finally find the right system.

Value your day job, only decide if you see yourself making good money that can sustain 1-2 years of your daily needs, adjustments,
can be done if you have enough savings from coming from your investment profits.

Emotions must be set aside while thinking or making decisions about such things. There are people who can made profit even in bear market but they are very few in numbers and have in depth knowledge about crypto trading. New commers or Amateur Investors must value there job and keep crypto trading as side option. If you play sensibly even part time crypto can give you more profit then your job.

[isaac_clarke22]

~

Like Pamadar mentioned below you, that 5 years should already be enough unless you're not taking crypto trading seriously leading surely to eggs and zeroes.
If you're still not quite comfortable within those years, then surely you had wasted your life and have not learned anything and surely sticking to your job would be really a good idea at that moment.
I haven't recalled someone quitting their job yet for crypto.

[Russlenat]

Good advice though, your job assures you income so you don't quit right away.

I was employed before I started crypto and I think of quitting but then I realized it was a stupid decision because I don't have enough skills to be successful in trading. As they say, slowly but surely, so that's what I did, I was just lucky that some of my holdings in the past pump and it give me enough profit to start my business outside crypto, that way I have a different source of income as we never know how our journey will end up in crypto's risky world.

[TinaK]

Never ever!
A stable source of income is a must these days in able for you to survive and believe that having a stable job will also sustain your trading activity which is good either you will win or lose in trading your life status will not be affected. I don't agree that years matter, even though you are in 10 years of being a good trader, it won't really have an effect on crypto trading not unless you have a magic that can able to see in the future, the crypto market is unpredictable and non on e knows what will be the possible price. So there's no really have guarantee.

[Luffygroove]

I agree with you. It's actually really a harsh world in here. People need to consider their decision really well and not only just impulsively jump to the crypto world without any preparation just because of hype. It's a different thing with those who actually unemployed. People who actually got a real job need to keep their real job while learning cryptocurrencies in their spare time. A real job will guarantee your life meanwhile crypto will increase your income. Make it a side job instead of main job if you can.

[Marykeller]

Leaving your present job for crypto trading makes no single sense at all. Human beings are supposed to have stable paying jobs and also have a different avenue of making money. A side hustle is always advisable no matter how big or small it could be. Cos in this life nobody can't tell what job will keep sustaining and the other fail.

The world we live in now needs a diversified means of survival than depending on or forfeiting the other.

[tvplus006]

If you stick to day trading, which allows you to get a good profit, then you will not be able to combine it with work in the office. After all, no boss will like the fact that you will be busy trading, and not performing your official duties. The only exception can be only if you are the boss yourself)

[dbc23]

Trading is too risky to quit ones job for with the high volatility. If it can be considered as a side hustle with very minimal risk management and money management principle that would be better. I have had of people who quit their jobs for the sake of crypto trading many made it big while some went bankrupt. I think it would be more preferred if one trades while maintaining their regular jobs

[sunsilk]

Leaving your present job for crypto trading makes no single sense at all.

There's a sense if the person leaving his job is already good in trading and sees a lot of advantage for choosing the trading path. To us that rely on employment, we're going to think this way. But there are people that really see themselves better on the other path like trading.

Human beings are supposed to have stable paying jobs and also have a different avenue of making money.

Don't forget that there's also the business side where people are good in making businesses and don't want to work for someone. Instead, they want to be the boss of their own. Have free time and more freedom.

A side hustle is always advisable no matter how big or small it could be. Cos in this life nobody can't tell what job will keep sustaining and the other fail.

A side hustle that can be a full time is also happening occasionally.

[Shamm]

Leaving your present job for crypto trading makes no single sense at all. Human beings are supposed to have stable paying jobs and also have a different avenue of making money. A side hustle is always advisable no matter how big or small it could be. Cos in this life nobody can't tell what job will keep sustaining and the other fail.

In my own perspective I'll choose to leave my daily job and focus the trade. You need to take a risk in order to be successful for me if you Only focus on your daily job.

[Alisha-k]

Many persons are victims of this particular act, the fact that you trade Bitcoin shouldn't make you feel comfortable and disregard physical business ideas. As a newbie, it's not wise to focus on trading/investing fully, except to say you have means of income elsewhere aside the crypto world.

As a professional or anybody higher than the newbies it's expedient you make physical investments as many as possible so in the days where they are dip, you can have an insured means of income to always look back at.

[ShowOff]

As a professional or anybody higher than the newbies it's expedient you make physical investments as many as possible so in the days where they are dip, you can have an insured means of income to always look back at.

I understand what you mean by physical investment and how we can minimize the risk of fluctuation in the price of bitcoin and altcoin as trading and investment asset. Investing in bitcoin and most of the altcoin can be a mean of making profit in a certain period of time be it short term or long term. We can't expect profit anytime because the price will never be stable. Fluctuation become the determining factor whether we can make a profit or not.

So, we should also start to think that physical investment is also a profitable investment vehicle where we can get minimal profit when the price start to rise and this option is also included in the strategy of having a reserve fund when the market start to become hostile "big correction" and we can't sell it in a down market.

[ReiMomo]

Leaving your present job for crypto trading makes no single sense at all. Human beings are supposed to have stable paying jobs and also have a different avenue of making money. A side hustle is always advisable no matter how big or small it could be. Cos in this life nobody can't tell what job will keep sustaining and the other fail.

In my own perspective I'll choose to leave my daily job and focus the trade. You need to take a risk in order to be successful for me if you Only focus on your daily job.

Unless and until you do not have any financial commitment monthly, yes its well and good to leave the job and focus on trading. Here most of us hesitate / think often to take decision to leave their current job and move on to trading as they do have monthly financial commitments. As we can expect monthly standard income from trading, many do not leave their regular job. So if you and your dependent are not depend on your job and your income then yes leave your job and jump into trading.

[Rabi3]

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.

trading crypto is like a job with no insurance, the crypto market crashes and you're in the negatives waiting for it to comeback up again and you have bills to pay, just like a job with no insurance, you crash into something and you break your leg or something, you have to wait until you you heal but you have bills to pay, the best thing someone can do is both, that's if he can, if you already have a good respectful job and insurance got your back if something bad happens, just stick with it, it's guaranteed unlike trading which is literally gambling.

[TinaK]

Leaving your present job for crypto trading makes no single sense at all. Human beings are supposed to have stable paying jobs and also have a different avenue of making money. A side hustle is always advisable no matter how big or small it could be. Cos in this life nobody can't tell what job will keep sustaining and the other fail.

In my own perspective I'll choose to leave my daily job and focus the trade. You need to take a risk in order to be successful for me if you Only focus on your daily job.

If that is on my side, I disagree with this opinion.
Trading is not a job and it does mean you are a risk-taker you become a successful trader, that is not how it will work for me.
There is no stable source of income in trading, even experts in trading maybe experience losses and it could be easily to wipe out your money in trading and you can't able to survive because you don't have other source of income.

Just don't leave your personal job, that makes you to sustain your trading activity when your monthly salary come.

[Anguwa]

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 indeed a very good advice, there is a very high risk in trading cryptocurrencies, so quitting job in the name of crypto trading. And also one important thing to the beginners in trading is try not to invest more than what you can afford to loose, so trading is very good but not fully reliable.

[Patigi]

It all depend on the type of job you are with at that particular time because their are some jobs that doesn't what your leaving, but you don't have an alternative. For me if I can make more money in trading cryptocurrency I will quit my job for it. Jobs are control my bosses but trading is your own business. If leaving your present job for trading crypto can solve your problems. Why not leave? Their are some people out there making it than salaries collectors or wages collectors in cryptocurrency.

[kawetsriyanto]

If we are a full-time day trade and we are professional, commonly we will only focus on trading, not working outside because day trade will spend so much time.
However, if we are not a day-trade, or moreover new enough to crypto, never quit your job and trade only. This is too risky. You may lose both, your job and also your income from trading. For, trading is not only about making profits but also managing the profits and also funds that sometimes you may lose your money.

Btw, I see many newbies also focus on trading and quit jobs because they want to take high risks and they want to be out of their comfort zone.
I don't think this is a good idea, working here or trading crypto is not only about the bravery of taking risks, but also how smart and wise we are manaing our risks, strategy, emotion, and also being realistic.