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Author Topic: It seems that more people taking crypto trading as full time job  (Read 1024 times)
Kasabus
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April 04, 2022, 08:50:40 PM
 #121

According to the economic situation of the world, most of the people in the world are living in unemployment.In that case, cryptocurrency unemployment has been greatly reduced. Those who can't find a job are getting involved in cryptocurrency trading.
This is a flawed narrative. Trading is not a day job where you make money every month or week. It is a risk-based sepeculative game where you have a chance of losing money as well.

Before crypto was popular, stock trading was already there. Did that solve an unemployment problem? Or did it bring more people to debt because they were taking undue risks in markets beyond their control?

If someone is unemployed they should work on skills and get a job first. Trading should be kept aside for the time being. It's called prioritising.
Trading is only good for a part time job, and should not be prioritized as a main job because the income is not timely and fixed. You could be profitable in some days, but could also be broken in the other days. So its certainly risky and may leave your family having an empty stomach.

Having a stable job that will give you a consistent income is still the wisest thing to do. Trading then can be your second source of income given that you have skills and good strategies that will make you win your trades.
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April 04, 2022, 08:55:31 PM
 #122

According to the economic situation of the world, most of the people in the world are living in unemployment.In that case, cryptocurrency unemployment has been greatly reduced. Those who can't find a job are getting involved in cryptocurrency trading.
This is a flawed narrative. Trading is not a day job where you make money every month or week. It is a risk-based sepeculative game where you have a chance of losing money as well.

Before crypto was popular, stock trading was already there. Did that solve an unemployment problem? Or did it bring more people to debt because they were taking undue risks in markets beyond their control?

If someone is unemployed they should work on skills and get a job first. Trading should be kept aside for the time being. It's called prioritising.
Trading is only good for a part time job, and should not be prioritized as a main job because the income is not timely and fixed. You could be profitable in some days, but could also be broken in the other days. So its certainly risky and may leave your family having an empty stomach.

Having a stable job that will give you a consistent income is still the wisest thing to do. Trading then can be your second source of income given that you have skills and good strategies that will make you win your trades.

Maybe during this pandemic period, some really did go into trading full time because they have no other options especially those that lost their jobs. But I do agree that the risk in this activity is high and you can't count this as alternative to your income. And if you are a beginner in this field, don't expect that you will get your profits fast. Sometimes it would take years for a trader to learn those tricks and recover losses. But if someone got lucky, they will continue doing this activity but still it is best to find a stable job where you can get other benefits like health insurance.
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April 04, 2022, 09:06:56 PM
 #123

Low paying job forces people to look for other source of income, and trading crypto can be a good source as well but it requires a lot of work and this is not an easy money.

If living pay check to pay check, I’d rather not to quit my stable job even if it pay low and better for me to have other source of money. Beside, being a full time trader doesn’t mean big money, you still have to be good in trading before you make money. So I choose to be a part time trader, while doing my work daily and so far its effective for me.
It's certainly the right thing to do. Trading cannot give us consistent income, but in either way, it can be a source of consistent losses. This is why trading is not advised to make it as a full time job because it takes a lot of hardwork and needs a longer time to build your trading skills. And by that time building your skills and strategies, there are no profits coming in. So better stick with your low paying job and make trading only your second job. That way, you will never live your life miserably.
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April 04, 2022, 09:15:10 PM
 #124

Low paying job forces people to look for other source of income, and trading crypto can be a good source as well but it requires a lot of work and this is not an easy money.

If living pay check to pay check, I’d rather not to quit my stable job even if it pay low and better for me to have other source of money. Beside, being a full time trader doesn’t mean big money, you still have to be good in trading before you make money. So I choose to be a part time trader, while doing my work daily and so far its effective for me.
It's certainly the right thing to do. Trading cannot give us consistent income, but in either way, it can be a source of consistent losses. This is why trading is not advised to make it as a full time job because it takes a lot of hardwork and needs a longer time to build your trading skills. And by that time building your skills and strategies, there are no profits coming in. So better stick with your low paying job and make trading only your second job. That way, you will never live your life miserably.
I don't agree, there are thousands of professionals who keep printing with fulltime trading activity. The purpose is to make money on long term contracts and these big boys usually work for institutional financial organizations. The higher return on the investment means the bigger yearly bonus they will earn, it is maybe because of trading other people's money.

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April 04, 2022, 09:27:40 PM
 #125

According to the economic situation of the world, most of the people in the world are living in unemployment.In that case, cryptocurrency unemployment has been greatly reduced. Those who can't find a job are getting involved in cryptocurrency trading.
This is a flawed narrative. Trading is not a day job where you make money every month or week. It is a risk-based sepeculative game where you have a chance of losing money as well.

Before crypto was popular, stock trading was already there. Did that solve an unemployment problem? Or did it bring more people to debt because they were taking undue risks in markets beyond their control?

If someone is unemployed they should work on skills and get a job first. Trading should be kept aside for the time being. It's called prioritising.
Trading is only good for a part time job, and should not be prioritized as a main job because the income is not timely and fixed. You could be profitable in some days, but could also be broken in the other days. So its certainly risky and may leave your family having an empty stomach.

Having a stable job that will give you a consistent income is still the wisest thing to do. Trading then can be your second source of income given that you have skills and good strategies that will make you win your trades.

Maybe during this pandemic period, some really did go into trading full time because they have no other options especially those that lost their jobs. But I do agree that the risk in this activity is high and you can't count this as alternative to your income. And if you are a beginner in this field, don't expect that you will get your profits fast. Sometimes it would take years for a trader to learn those tricks and recover losses. But if someone got lucky, they will continue doing this activity but still it is best to find a stable job where you can get other benefits like health insurance.
But come to think that trading does need capital.Therefore, it wont really be that ideal on hurrying up yourself on dealing with trading out of desperation on making out profits then its a bad idea because instead on

making profits you might lose even more thats why you shouldnt really make it as a main source but if you could able to handle out yourself with this volatile market then go ahead.
There are actually people who do make this as a full time job but its not really that easy.It would takes time and that wont be short.So it does vary on someones capacity on doing so.

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April 05, 2022, 04:24:08 PM
 #126

You are really earning money from trading, and I think it is stable. Well, that is really good to hear, and I hope that in the future you will go professional and earn a big profit from it. I was also into trading before, but it was not crypto, it was about forex, and it took me a year before I had a grasp on it, but I was still losing a lot. I stopped because I lost my job and really needed to find another job, so now I am hoping to get back into trading, hoping that my strategy is still working!
I have been earning crypto sort of stable way from investing long term as well, there is passive income ways if you are investing and you could reinvest that and I have been doing that but you could also use that as well. That is my end goal, to have enough investment that the interest I make from them would be enough to live. That would require like maybe 10 bitcoins of course, not going to happen anytime soon because I do not have even one right now.

But when that happens, I am going to consider that as a win, trading profits is great but it is not stable for me, anyone who achieves that is great, but for me its big wins at some days, big losses in another.
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April 05, 2022, 06:11:01 PM
 #127

if we are reliable traders who are able to analyze well, then it is very good for full time trading. not all traders can afford to take the time to analyze the market, some of them are free fall to trade with immature skills. they are motivated by people who are successful in crypto. so sometimes they can't analyze well, due to lack of trading skills.

I myself take the time to do market research, and I can't leave my main job. because in case the market weakens at any time we must have other income.

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April 05, 2022, 08:40:37 PM
 #128

Trading is not a day job where you make money every month or week. It is a risk-based sepeculative game where you have a chance of losing money as well.

Before crypto was popular, stock trading was already there. Did that solve an unemployment problem? Or did it bring more people to debt because they were taking undue risks in markets beyond their control?

If someone is unemployed they should work on skills and get a job first. Trading should be kept aside for the time being. It's called prioritising.
Thank you very much for making this comment. I’m really surprised that a lot of people are forgetting how risky cryptocurrency trading can be. People are forgetting that before you even start trading that you need to have a steady means of income that you would use to fund your daytrading, because if you do not have a solid and steady means of income where you are either getting paid daily or weekly or monthly, then there is no way you will be able to do day trading, because you wouldn’t have enough capital to get into it.

So, day trading shouldn’t be a full-time job, unless you have maybe made lots of money that is enough for you to go for it on a full time.

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April 05, 2022, 08:46:33 PM
 #129

I see a lot of youtubers bragging about their crypto earnings.
but then in detail they fail to show anything concrete, they are not able to show a public address or an asset that has been acquired via their trading.
they sell courses to become traders and they spend full time daily on promoting this activity.
when they put in their advice, then they are always half scams and they lose a lot of money... and they can't denied since all video are already recorded and stored on youtube.
in my opinion many have become full-time "cazzari" (Italian term to say losers / liars) Wink
and above all, those who have really enriched themselves with trading do not show it to the rooftops, before the news reaches people who better not know it Roll Eyes

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April 05, 2022, 09:14:17 PM
 #130

****
Cool! You are really earning money from trading, and I think it is stable. Well, that is really good to hear, and I hope that in the future you will go professional and earn a big profit from it. I was also into trading before, but it was not crypto, it was about forex, and it took me a year before I had a grasp on it, but I was still losing a lot. I stopped because I lost my job and really needed to find another job, so now I am hoping to get back into trading, hoping that my strategy is still working!
I don't dare say the income I get from trading is stable but at least I can set aside a little profit that I earn for my savings. In an era that has fierce competition like today, everyone must have savings for their comfort and also their future security. I can say, I am lucky to know bitcoin and also crypto trading.

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April 05, 2022, 09:24:24 PM
 #131

I am not a full-time Trader. I only trade when I have the time. This is because I have other things that I’m doing and I’m also ok with how much that I’m making from other businesses. So, daytrading is like a side means of income for me. Whenever I feel like I have that time and the strength and also that the market is in the right position for me to trade then I will go ahead and do that.

And I also invest in the market for a long time. I do have friends who are full-time day traders. But they didn't just start off as full-time day traders. They had a job that they were doing and trading was just another means of income until they were able to get solidly on their feet and felt it would be a better job to get into full-time.

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April 05, 2022, 09:38:39 PM
 #132

****
Cool! You are really earning money from trading, and I think it is stable. Well, that is really good to hear, and I hope that in the future you will go professional and earn a big profit from it. I was also into trading before, but it was not crypto, it was about forex, and it took me a year before I had a grasp on it, but I was still losing a lot. I stopped because I lost my job and really needed to find another job, so now I am hoping to get back into trading, hoping that my strategy is still working!
I don't dare say the income I get from trading is stable but at least I can set aside a little profit that I earn for my savings. In an era that has fierce competition like today, everyone must have savings for their comfort and also their future security. I can say, I am lucky to know bitcoin and also crypto trading.
We are really doing our best to find for some alternative income specially nowadays that living on this world becomes too costly and everything is getting more expensive which it is normal for us to find other ways

and this is where trading in this market would be a viable choice but of course it wont be simple since making profit would really be a tough challenge for someone to do so.Its not something that simple as it sounds.

You could neither make it as a full time job but the question is always been talking about sustainability which not all people would able to achieve.

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April 05, 2022, 11:46:36 PM
 #133

......

It's going to be a suicide to live a job that is paying well to come and start trading that I'm not very too good at trading, but I wouldn't think of that even twice.
Trading is profitable, make sure you know intotal of what you are about to get into, there is massive profit if the coin you buy increases in price but do the opposite in as loss that every one is preventing and protecting their state of mind. I can't live my job for trading, I can't do the both but trading will be when I have time and scalp some strafe while maintaining my job but I wouldn't accept anything like jobs with frustrations.

Trading has help a lots of people make some money and the market has just lots of opportunity which they can grab some from and do it at your own convenience, wouldn't want to do that too, let them come and let's encourage, there is massive liquidity now a s compere  to the oldays market.

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April 05, 2022, 11:58:11 PM
 #134

if we are reliable traders who are able to analyze well, then it is very good for full time trading. not all traders can afford to take the time to analyze the market, some of them are free fall to trade with immature skills. they are motivated by people who are successful in crypto. so sometimes they can't analyze well, due to lack of trading skills.

I myself take the time to do market research, and I can't leave my main job. because in case the market weakens at any time we must have other income.

It all depends on our analytical skills, if indeed we believe in our ability to analyze the market. And also we have experience in the crypto world,
there is no problem making crypto trading a full time job. But to have good analytical skills requires a long process, so if we really plan to make
crypto trading a full time job, we have to go through a long process. Not because several times we managed to get big profits, then decided to
leave our main job and make crypto trading a full time job, it was very risky. So don't be in a hurry to decide crypto trading to be a full time job,
we have to think about it carefully. I myself have been trading crypto for 5 years, I don't dare to make crypto trading a full time job. Because honestly
it's not easy being a successful trader, therefore from many traders only very few are successful in making crypto trading a full time job.

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pragna
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April 06, 2022, 03:21:15 PM
 #135

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.

Are you full time trader ?

I am not full time trader but part-time and i want to go here slowly. Because this market is very risky and no body can reach within short time in this market. I know many men come to zero wealth in this market. But this market is very potential for future if anybody give his step carefully. Here people can learn every single time if he open his eyes and ear.
sensimilia
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April 06, 2022, 03:22:44 PM
 #136

Future trading is one of the most popular ways to make full time income.
Do you rely on Future trading for your daily/monthly income?
It is a too risky way to expect regular income from Future trading. As far as I know, Future trading is the hardest trading type. That's why I never try it, I prefer Spot trading. You must know if Future trading may end your trading journey in a short, lose all your funds in hours or days. Moreover, if you are still a beginner, Future trading is truly the wrong way.

Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.
If you follow a group from here you will see that they are mostly token ketones and they try to trap their new ones and from khan what is happening depends on the clues of the groups and do not risk the money they have and your  Do your own analysis and you will continue to work on what you have an idea about

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Fatunad
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April 06, 2022, 08:59:37 PM
 #137

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.

Are you full time trader ?

I am not full time trader but part-time and i want to go here slowly. Because this market is very risky and no body can reach within short time in this market. I know many men come to zero wealth in this market. But this market is very potential for future if anybody give his step carefully. Here people can learn every single time if he open his eyes and ear.
Doesnt really need whether you do make yourself a full time trader or not because the most important thing is to sustain and make yourself profitable with trading.Doesnt need for it to be a full time job
yet you could do it with having your own day stable job and trading do acts as a side job for you to have some extra income.As long you could able to handle out yourself on making profits
then you are doing something good but if not then it would takes time for you to learn up something more because this skill isnt something that you could learn on a short time period.
Helpme_please
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April 06, 2022, 09:45:59 PM
 #138

if we are reliable traders who are able to analyze well, then it is very good for full time trading. not all traders can afford to take the time to analyze the market, some of them are free fall to trade with immature skills. they are motivated by people who are successful in crypto. so sometimes they can't analyze well, due to lack of trading skills.

I myself take the time to do market research, and I can't leave my main job. because in case the market weakens at any time we must have other income.
every one have their own choice about working at crypto market, some of them prefer as side job and keep working real life to get monthly salary or earning. we could not blame them because they have different background about economy.by make this market as side job to earn additional money, our salary could save in bank or maybe invested in several good project. meanwhile for those as full job here, they have more opportunity to earn money , not only from trading , but also from mining,nft trading, playing P2E games, or even bounty and airdrop.
Dean2
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April 06, 2022, 09:47:41 PM
 #139

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.

Are you full time trader ?
Most of them will end up bankrupt you know, statistics never lie

People think they have found their own money printing machine with trading but the reality is they will all move to live in their car eventually.
Rigon
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April 06, 2022, 11:12:44 PM
 #140

During the situation around the world where low payed jobs more people looking for opportnuties to work online.
And crypto is one of them options
Future trading is one of the most popular ways to make full time income.
Ifyou dont know how to trade good use good signals for spot and futures trading right now many people become traders.

Are you full time trader ?
In fact, cryptocurrency trading is a very complex subject. Those who do not know much about trading make a lot of losses on this trading platform.Many people find it very easy to trade but a little trading is not very easy. I do spot trading and futures trading together and many times I get a lot of losses due to wrong analysis.I also ate liquidation call from Future Trading today. I would say those who understand trading a little less will never trade futures trading.
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