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Author Topic: Don't ever quit your job to trade crypto.  (Read 2029 times)
Trojane
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November 20, 2021, 01:02:12 AM
 #81

I need to make these exemplary; If for instance you have a job that pays you 100dollars every month end and fix some allowances for your upkeep maybe at 20 dollars per week, can a reasonable person that understands the rise and fall in currency,risk involved in trading and the coins you're going to lose , comfortably choose trading over his job? Knowing quiet well that most times, since the BOTs were created and programmed by someone,dances to the owner's tune?
Anyone that does these and is paying his tax and levies + bills by himself is slowly luring himself into stealing and fraud: look at these critically Cheesy
 I mean.....its not even necessary at all

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November 20, 2021, 02:02:53 AM
 #82

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.
Ofcourse,it all depends on the type of job you are doing,if the job is not paying as much as trading is paying,then there is no need of keeping the job,and the most amazing part of it is that,you are your own boss here,but where you work under somebody and they are controlling you,you won't have peace of mind.

Therefore,if it will be better if you quit your present job and focus on Crypto which pays you as you want,then you better do it.What gives you joy is worth sacrificing for.
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November 20, 2021, 02:39:50 PM
 #83

I need to make these exemplary; If for instance you have a job that pays you 100dollars every month end and fix some allowances for your upkeep maybe at 20 dollars per week, can a reasonable person that understands the rise and fall in currency,risk involved in trading and the coins you're going to lose , comfortably choose trading over his job? Knowing quiet well that most times, since the BOTs were created and programmed by someone,dances to the owner's tune?
Anyone that does these and is paying his tax and levies + bills by himself is slowly luring himself into stealing and fraud: look at these critically Cheesy
 I mean.....its not even necessary at all

You have chosen a very good and logical example, thank you for that as well.
Every man should be responsible in what he does and plan well.
Crypto trading should always remain a secondary source of income, regardless of the initial good results, because we all know very well that trends in the crypto market change very quickly.
I would leave my primary job only when I would make a really big profit from crypto trading and withdraw that money to a bank account and when I could live carefree from that money for the rest of my life.
Everything else is just dreams and fantasies but far from the reality of real life.

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November 20, 2021, 04:44:18 PM
 #84

Ofcourse,it all depends on the type of job you are doing,if the job is not paying as much as trading is paying,then there is no need of keeping the job,and the most amazing part of it is that,you are your own boss here,but where you work under somebody and they are controlling you,you won't have peace of mind.

Therefore,if it will be better if you quit your present job and focus on Crypto which pays you as you want,then you better do it.What gives you joy is worth sacrificing for.
Working for other people does have pressure because there are targets to be achieved.
Letting go of a bad job that has a worse impact and doesn't make a lot of money or is far from enough might be a reason to leave it and focus more on crypto.

but if the real job or main job has a good enough income, of course it can be maintained, because the main job will support a side job in crypto.

I currently even still have a main job even though the salary that crypto gives is bigger. The main job is also a social status in our lives.

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 airbet 
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Hypnosis00
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November 20, 2021, 08:29:40 PM
 #85

Job gives us a secure monthly income, whether it was fixed or not while in trading, it can be unlimited depending on the market and how you manage it but the risk of losing could still be possible. if we could just think it wisely and if your job doesn't meet your needs or not even enough, there is no reason why we have to stay there, that is better to look for another opportunity where we know that we can uplift our living. As trading required more time than something needs for us to sacrifice our job and focus on trading.

R


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November 21, 2021, 10:13:48 AM
 #86

Quitting a good career job for trading like crypto, forex and equity is the worst thing one can do. Why Quitting a job when you can do crypto trading as side business. Moreover this current bull run won't last forever rather bears will take over soon and that season may last for months. How can you survive the bearish season if you don't have a suitable job? Think and act wisely.
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November 21, 2021, 01:44:13 PM
 #87

Quitting a good career job for trading like crypto, forex and equity is the worst thing one can do. Why Quitting a job when you can do crypto trading as side business. Moreover this current bull run won't last forever rather bears will take over soon and that season may last for months. How can you survive the bearish season if you don't have a suitable job? Think and act wisely.
If we can do both, I don't think that someone will think about quitting but rather keep them. But for those who found themselves living well solely in that trading and get satisfied with the result, that probably think tp leave their current job and focus on trading. Not that actually a tough decision to make, all of us have the choice and that is worse living in a toxic job if we feel that we are not comfortable anymore. For many reasons that it brings to that situation and you are right, think it wisely.



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November 21, 2021, 04:29:06 PM
 #88


If we can do both, I don't think that someone will think about quitting but rather keep them. But for those who found themselves living well solely in that trading and get satisfied with the result, that probably think tp leave their current job and focus on trading. Not that actually a tough decision to make, all of us have the choice and that is worse living in a toxic job if we feel that we are not comfortable anymore. For many reasons that it brings to that situation and you are right, think it wisely.

We see such questions/suggestions when bitcoin goes wild like these days. I bet you won't see any when btc goes down in value, like in Dec 2018 when bitcoin was around 3k to 4k. Jobs are toxic I agree. If you wanna get rid of job then try something like doing some freelance work in your area of expertise. Putting all your eggs in one basket is not a good thing to do IMO.

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November 21, 2021, 06:50:02 PM
 #89

In my thinking, I would suggest to follow personal feelings, I know many that are so hard-working right now with the goal of an early retirement, not everyone love the everyday preparation, for work and the rigorous working activities just to come back stressed and tired, so it's fine to work out a plan to work for a period of time and then retire, more retirees don't want to stop earning or making money, but they want it dependent, like they decide the time for work and when not to, trading and crypto-currency investment is one they chase after, so I don't think it wrong if one retires Early to chase this goals.

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isaac_clarke22
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November 21, 2021, 07:08:48 PM
 #90

~
Well as for some people thinking that "trading" would make someone rich in a day is a really absurd statement and it makes me cringe on why do they decide on that kind of risky decision.
I would never ever risk my job to trade it all in crypto.
If one is in a toxic workplace and it affects one's mentality, what more can it effect when crypto's unstable price can do to one's mentality.
mirakal
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November 21, 2021, 08:58:44 PM
 #91

If you have a decent job, you have to think over and over because once you quit, you are giving up a secured cash flow on a monthly basis. However, if the opportunity is big and you are a risk-taker, then you can always make a decision to quit your job and focus in trading, I know some people who made a fortune through crypto trading, so it's not impossible to change your life and be financially free, but then, it's really up to you if you will gamble as you could also lose and end up with nothing.

Lastly, it's always good to have another source of income in case one source will fail, maybe start a business before quitting so you'll not be too worried while trading.

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Pamadar
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November 21, 2021, 09:33:51 PM
 #92

If you have a decent job, you have to think over and over because once you quit, you are giving up a secured cash flow on a monthly basis. However, if the opportunity is big and you are a risk-taker, then you can always make a decision to quit your job and focus in trading, I know some people who made a fortune through crypto trading, so it's not impossible to change your life and be financially free, but then, it's really up to you if you will gamble as you could also lose and end up with nothing.

Lastly, it's always good to have another source of income in case one source will fail, maybe start a business before quitting so you'll not be too worried while trading.

Stable job indeed provides a good source of income, giving it up without any assurance that you already have the right sets of skills and knowledge is not a good decision to make.

Yes, it's true that there are people who make a good living by doing this business (trading) but not all are successful, giving up your main source of income is the manner that you are unsure of your fate will ruin your life.

Take time and continue to assess if you are ready to step forward and deal with your trading for most of your life.
tvplus006
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November 21, 2021, 10:37:25 PM
 #93

Quitting a good career job for trading like crypto, forex and equity is the worst thing one can do. Why Quitting a job when you can do crypto trading as side business. Moreover this current bull run won't last forever rather bears will take over soon and that season may last for months. How can you survive the bearish season if you don't have a suitable job? Think and act wisely.

By the time you learn the basics of trading and can consistently make a profit, you will not have free time to work in the office. Combining work is possible only if you are engaged in long-term trading or only hold. In this case, you will have enough time to check your orders and open new ones.

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Stalker22
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November 21, 2021, 10:45:30 PM
 #94

Trading crypto has all the ups and downs like it is with other investments. There were days I'd trade without any gain, as well as days I'd profit massively from it, so you're going to have your bad days, as well as your good days.

But still, quitting your day job to trade crypto is like pulling the pin on your grenade, if you don't have a backup plan in case you lose everything you invested, it might be the end of your financial life.

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lienfaye
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November 22, 2021, 01:08:49 AM
 #95

Its not advisable to quit job and rely on trading crypto alone. The income is not stable plus there's no guarantee that you'll always gain. Because even pro traders are having losses too despite of being knowledgeable, so what more for newbies?

Thus take the path where you can maximize your earnings by having a real job then be a crypto investor/trader as your sideline.

If you know to yourself that you can already stand on your own (financially stable) and can managed to live without a daily job then its the time to look for other opportunities even it has risk.


carolynpatterson
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November 23, 2021, 04:58:37 AM
 #96

A very basic, yet important piece of advice. Crypto market is a volatile market. Hence, leaving your job for it doesn’t make sense. Some new traders also borrow money to trade cryptocurrencies. They should avoid this. By doing so, they are increasing risk.

The best way is to start slow and invest in learning the concepts, and  only trade full-time when you have gained consistency.
Storytellers
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November 23, 2021, 10:05:47 AM
 #97

Hello,
actually to be honest im from those newbies that quit my job to be with full focus in trading. I got really addicted because i have some friends that are in this type of busyness from years now and i got extremely brave for a very short amount of time.Then i wasnt thinking if its risky or not but my idea was to provoke the karma to succeed because i jumped so rapidly. My advice to every newbie in trading NOT to quit their jobs like i did!

thank you for your time!
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November 24, 2021, 03:43:40 PM
 #98

Its not advisable to quit job and rely on trading crypto alone. The income is not stable plus there's no guarantee that you'll always gain. Because even pro traders are having losses too despite of being knowledgeable, so what more for newbies?

Thus take the path where you can maximize your earnings by having a real job then be a crypto investor/trader as your sideline.

If you know to yourself that you can already stand on your own (financially stable) and can managed to live without a daily job then its the time to look for other opportunities even it has risk.



Evaluate your capabilities. It's important that you have the right mindsets.

Trading is also a good source for your financial needs. If you see that you are already capable and you can support your needs,
it's also considerable to take this path, but that's only if you are sure you have enough resources.

Leaving a stable job is not easy. If you failed with your trade, you'll be forced to find another and you need to start from the scratch.
Munir575
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December 10, 2021, 01:19:25 PM
 #99

Quiting your job to trade crypto is not the right thing to do even if your job don't pay much and can't cater for all your needs because trading has no guarantee. Trading should used to support your job instead because it is of two sides and you can run at profit or loss at any time. Even when you feel you are well established its not advisable to quit your job its better to have a stable and reliable job.
SmokerFace
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January 01, 2022, 10:02:00 PM
 #100

Job is a regular source of income. Which should be quite straightaway unless you have some good alternative source of income. I would strictly recommend you to not quit your job in order to trade crypto. But yes you must try it as a secondary source of income by starting it as side work. Once you have achieved a level on which quitting your current job may not affect you as your alternative source of income is paying you enough to meet down your expenses, you can definitely quit your job.
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