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Author Topic: Don't ever quit your job to trade crypto.  (Read 2318 times)
Masplanc
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January 02, 2022, 09:49:29 AM
 #101

Young traders see this step as a good one.  But this step is a wrong mistake to take . The income in a job is sure that one will have it , when job is been quit and one only on concentrate on trading alone you not sure of when profit comes in a specific time. Source of income from a job  be the strength of trading and investment.

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mirakal
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January 02, 2022, 01:47:21 PM
 #102

Young traders see this step as a good one.  But this step is a wrong mistake to take . The income in a job is sure that one will have it , when job is been quit and one only on concentrate on trading alone you not sure of when profit comes in a specific time. Source of income from a job  be the strength of trading and investment.
When you are trading, you are taking a higher risk but you can also get rewarded if you succeed.

That's different from having a day job as you are guaranteed with a pay on a regular basis but that would not take you to your dreams of financial freedom. So, if we want to be financially free, we should learn how to take the risk but it's not necessary that we will quit right away as we can still work while we are trading or investing in crypto, we only resign when we are already confident that our skills will bring us consistent profit.

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TheNineClub
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January 02, 2022, 04:11:31 PM
 #103

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.

That's sound advice, BUT, let me be the devil's advocate here. There are numerous examples (not related to crypto specifically) of people going all-in on their dreams, businesses, ideas, projects, and making it work to their advantage. Yeah, it's risky and I personally wouldn't advise it, but people who have made it work prove me wrong.

nurilham
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January 02, 2022, 04:22:40 PM
 #104

As said that people tend to be tempted by profit trading without thinking a few things. that's good but in my opinion, if it can do both why should stop one of them. I mean trading also doesn't take a full time in the day so we can do our regular jobs. but it all depends on each individual, if indeed with trading it can be sufficient then that's good because we don't have to work anymore. the most important thing is to trade as best you can so you can profit from it. think about what you should do before deciding on something as well as trading.
Richycryp
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January 02, 2022, 11:21:01 PM
 #105

You not even advise to quit your job because of trading, market is no one friend. The market goes up and down, the trading platform should not be what you should give hundred percent assurance. You can keep trading but never you quit your job. Your Job is your number one  based It is always what you will run back to when trading is not going well, sometimes the market has alot of panic . Never you quit your job.
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January 03, 2022, 07:42:29 AM
 #106

Many people are saying it's senseless to quit your job for trading well that is if your job payout is really good, I've seen some people quitting their jobs to focus 100% on trading and that's the way it should be, you should focus completely on trading If you really want to learn trading to get the best out of it

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January 05, 2022, 02:51:33 AM
Merited by CryptopreneurBrainboss (2), Pmalek (1)
 #107

They say you don't value what you have untill you lose it,quiting your job because you want to trade crypto is one of the biggest mistake one can ever make.
Yes,Crypto trading is fast,but it is very risky,and if not careful,you can loose all your fund because of it.

Combining crypto with your job will be the best thing because your job is a guarantee,while trading can be by luck.
dataispower
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January 05, 2022, 06:57:29 AM
 #108

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.
you are right, because their is a job you have and leaving will cause damage to you than leaving job because of trading, their is some jobs trading is better than because you will make profit than the job, but the process you are working with with government or company that the payment rate is good, you don't have to quit from work to trade because after working hours you can use the remaining time to trade and rest but you will not be sufficient in trading and that is the only advantages
BitKongy
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January 05, 2022, 07:27:58 AM
 #109

I would quit my job for crypto because job sucks in my country and dollar rate to my country FIAT is big so getting paid in dollars helps alot, as little as 20$ per day is enough for me for that day, so the best answer is it depends on how good the job is for you
Luzin
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January 05, 2022, 02:45:48 PM
 #110


Combining crypto with your job will be the best thing because your job is a guarantee,while trading can be by luck.

I do that, but sometimes there's one I have to make number two. I've been doing that since 2015. Because the culture of the community here is certainly a village people who still lack knowledge about trading in the crypto world. In addition, I also want to make my father happy enough if his son has a real job in the eyes of the community.
Although sometimes the salary I receive is smaller than the results of my trade, but I am still happy with what I live. Even that small salary also helped my finances. Even my job is currently in the process of getting better. So I agree to go through both, because I really like this world of trading. 

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January 06, 2022, 04:21:29 AM
 #111

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.
you are right, because their is a job you have and leaving will cause damage to you than leaving job because of trading, their is some jobs trading is better than because you will make profit than the job, but the process you are working with with government or company that the payment rate is good, you don't have to quit from work to trade because after working hours you can use the remaining time to trade and rest but you will not be sufficient in trading and that is the only advantages

You can enjoy both if you know how to balance your time,

There are companies where you can get a lots of perks, kind of job which not easy to let go even you are earning decently with your
trading, that's why it's really important to assess everything before you make your decision.

If you can hold both it's better and more secure for you and for your  love ones.
ReiMomo
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January 06, 2022, 06:30:51 PM
 #112

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.
you are right, because their is a job you have and leaving will cause damage to you than leaving job because of trading, their is some jobs trading is better than because you will make profit than the job, but the process you are working with with government or company that the payment rate is good, you don't have to quit from work to trade because after working hours you can use the remaining time to trade and rest but you will not be sufficient in trading and that is the only advantages

You can enjoy both if you know how to balance your time,

There are companies where you can get a lots of perks, kind of job which not easy to let go even you are earning decently with your
trading, that's why it's really important to assess everything before you make your decision.

If you can hold both it's better and more secure for you and for your  love ones.

Irrespective of a company where you work, its the team where you especially spend your time matters. Your concern team lead or manager plays a big role in you having a work life balance where you can freely separate time for your official work and your personal work. If you are gifted and blessed, yes you get a good lead and you get time to balance everything. In this case, you no need to quite your job. But in case you are in a team where you get lots and lots of pressure due to loads of works, then its upto you to decide which is priority for you.

.
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January 06, 2022, 11:12:08 PM
 #113

You can enjoy both if you know how to balance your time,
Yep. Why don't enjoy both crypto jobs and our jobs in real life? I did it, and I have no problem at all. Crypto jobs don't require too much time and the schedule are adjustable. I am pretty sure that someone won't trade day long, and won't check the market every time. And if you are not a professional trader, you even just trade when you want. So, crypto jobs actually never bother our jobs in real life. Just hold both of them, and no need to leave one.

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Peanutswar
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January 06, 2022, 11:49:11 PM
 #114

If you are already financially stable you can quit your job but if not it's not ideal to quite a passive income to a cryptocurrency market which is volatile not all the time it gives a good profit and assets. Many people doing this thing because they think they can now sustain their life which is possible happen people stop working and going to school just to focus on earning in cryptocurrency. If you are capable enough why not all we need is knowledge as an investment here once you get successful every investment you can now handle your time on your own and make it lighter to live.

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Shamm
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January 07, 2022, 09:24:51 AM
 #115

If you are already financially stable you can quit your job but if not it's not ideal to quite a passive income to a cryptocurrency market which is volatile not all the time it gives a good profit and assets. Many people doing this thing because they think they can now sustain their life which is possible happen people stop working and going to school just to focus on earning in cryptocurrency. If you are capable enough why not all we need is knowledge as an investment here once you get successful every investment you can now handle your time on your own and make it lighter to live.
I agree with this, before you leave your job make sure that you have enough money to sustain your daily needs cause as you said above you can not predict the outcome of the price cause not all the time the price goes up. There's a time that the price keeping goes down within a week or a months. But if you have knowledge enough about investment and then you enough money an then you can quit your job and focus on Trade.
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January 07, 2022, 11:48:11 AM
 #116

If you are already financially stable you can quit your job but if not it's not ideal to quite a passive income to a cryptocurrency market which is volatile not all the time it gives a good profit and assets. Many people doing this thing because they think they can now sustain their life which is possible happen people stop working and going to school just to focus on earning in cryptocurrency. If you are capable enough why not all we need is knowledge as an investment here once you get successful every investment you can now handle your time on your own and make it lighter to live.
I agree with this, before you leave your job make sure that you have enough money to sustain your daily needs cause as you said above you can not predict the outcome of the price cause not all the time the price goes up. There's a time that the price keeping goes down within a week or a months. But if you have knowledge enough about investment and then you enough money an then you can quit your job and focus on Trade.

Let say to have money that would be able to sustain us for a month or a year we can therefore think about quitting our job. But I don't agree it was a very satisfying move, yet it was a suicide. Maybe if you have another source of income and you think it could provide you the best than having a job, I was definitely to agree about leaving your job.

Maybe choosing to trade is good for those who are good at this as well but if you are just a beginner, I don't think so.
What I could suggest is that we spend more time thinking of leaving our job will change everything especially our living conditions. If we think it helps to become better as to focus on something more profiting, then we have to go.

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January 07, 2022, 12:03:19 PM
 #117

Let say to have money that would be able to sustain us for a month or a year we can therefore think about quitting our job. But I don't agree it was a very satisfying move, yet it was a suicide. Maybe if you have another source of income and you think it could provide you the best than having a job, I was definitely to agree about leaving your job.

Maybe choosing to trade is good for those who are good at this as well but if you are just a beginner, I don't think so.
What I could suggest is that we spend more time thinking of leaving our job will change everything especially our living conditions. If we think it helps to become better as to focus on something more profiting, then we have to go.
So far some people may have quit their main job just because they have managed to make money from crypto better than their main job. As one example, I have a friend who works as a worker in a jewelry store and earns $100-$200 per month, but since he got to know crypto, he has managed to make over $500 every month. He bought mining equipment, he was focused on continuing to do it and I don't think it was ever a problem for his finances.

We can leave our main job if we believe that whatever field we are in crypto is enough to keep us financially secure, it's never really bad when we can't earn more in our main job.
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January 07, 2022, 12:47:01 PM
 #118

~snip~

We can leave our main job if we believe that whatever field we are in crypto is enough to keep us financially secure, it's never really bad when we can't earn more in our main job.
Even for nine years of knowing Bitcoin to this day I still work at a sugarcane milling company. There are some classic reasons for this problem. My background in life in the village is to work leaving in the morning and coming home in the afternoon. It has become like a habit, people who are considered at home only and have wealth will be suspected of working badly. Although they don't know what I'm doing, I always try to respect their every opinion. I respect what they think. But from crypto of course I find it very helpful regarding financial issues. So far, I've enjoyed both.
Findingnemo
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January 07, 2022, 08:18:21 PM
 #119

~snip~

We can leave our main job if we believe that whatever field we are in crypto is enough to keep us financially secure, it's never really bad when we can't earn more in our main job.
Even for nine years of knowing Bitcoin to this day I still work at a sugarcane milling company. There are some classic reasons for this problem. My background in life in the village is to work leaving in the morning and coming home in the afternoon. It has become like a habit, people who are considered at home only and have wealth will be suspected of working badly. Although they don't know what I'm doing, I always try to respect their every opinion. I respect what they think. But from crypto of course I find it very helpful regarding financial issues. So far, I've enjoyed both.
If you're doing it for your own job satisfaction then its good but don't let yourself be in your comfort zone because people will talk about about you, they will shut once you made huge money and they will become your fans that's what I had experienced in my life till now so do whatever you want which is legal and help you to grow financially.

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Maestro75
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January 07, 2022, 09:26:36 PM
 #120


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.

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