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Author Topic: Which do you prefer  (Read 1377 times)
AnonBitCoiner
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May 01, 2023, 05:32:57 PM
 #81

Both are beneficial in its own way and we cannot say bad about anyone because everyone prefer those jobs which gives them high yield. I think that if a person wants to do dual jobs at a same time like a civilian employee can do business as well as he can also get involved in crypto trading or investment.

Although income of civil jobs are less but it is a confirmed value while that of other business may be large amount but we have fear about that money that whether we will be able to get that money at the end or not. So I think do a job and then put some money in Bitcoin so you will get your monthly income as well as money from bitcoin investment.



 

 

 

 

 

 


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cryptoknightt
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May 01, 2023, 06:12:33 PM
 #82

Working as a civil servants have always been my thing, I work from Monday to Friday which to me is normal, I feel proud doing it until I started trading bitcoin.

Trading started making me see things differently, because I no longer wait for my monthly salary, now I earn money daily and week, due to the kind of large amount of money I make in trading I fell out of love for my civil service job, because the money is small  but it is still a decent salary.

Note: in trading I earn base on performance, but even though the market is too bad, I still earn a decent amount of money out of it in a month base on my level in trading.

My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.

Which do you prefer an why.

It all depends on how proficient and confident we are in that one field, if I am not sure of the abilities that I have maybe I will become a civil servant and get a salary every month while honing my skills in the field that I am interested in
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May 01, 2023, 06:48:40 PM
 #83

It all depends on how proficient and confident we are in that one field, if I am not sure of the abilities that I have maybe I will become a civil servant and get a salary every month while honing my skills in the field that I am interested in
It's true. The issue with trading job is that you are never confident on your skills, because the final result doesn't depend only on your skills, but mainly on the market's fluctuations, which are unpredictable. To make a living from trading is a hardcore way of life. It's dangerous and you never have the assurance you are going to achieve a net income at the end of the month.

For a single person who lives on this own, this lifestyle may have its charm. On the other hand, for a person who has a family on his back it's not a feasible alternative, in my opinion, since stability is needed, especially when there are children in the family.

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May 01, 2023, 06:50:35 PM
 #84

I prefer to keep them both, no need to chose. It’s hard to trust in trading alone and expect for a consistent income knowing the crypto market is very unpredictable, likewise it’s inflexible and incompetent of yours if you just work all day and earn from a single source of income knowing you can also take advantage with your side hustle and make good profits through trading. So if you wish to get the best from your abilities and skills, then chose to work on both and prosper from them.

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molsewid
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May 01, 2023, 07:07:48 PM
 #85

I prefer to keep them both, no need to chose. It’s hard to trust in trading alone and expect for a consistent income knowing the crypto market is very unpredictable, likewise it’s inflexible and incompetent of yours if you just work all day and earn from a single source of income knowing you can also take advantage with your side hustle and make good profits through trading. So if you wish to get the best from your abilities and skills, then chose to work on both and prosper from them.
i agree with you, I already tried both of it . Having a work alongside with trading will give you more money in the future. Ir will only exhaust you in a bit but it will worth it once you manage it well. But if you want to focus then leave one thing and sacrifice it, you cant do both if you dont have the ability to do it.
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May 01, 2023, 08:09:26 PM
 #86

Working as a civil servants have always been my thing, I work from Monday to Friday which to me is normal, I feel proud doing it until I started trading bitcoin.

Trading started making me see things differently, because I no longer wait for my monthly salary, now I earn money daily and week, due to the kind of large amount of money I make in trading I fell out of love for my civil service job, because the money is small  but it is still a decent salary.

Note: in trading I earn base on performance, but even though the market is too bad, I still earn a decent amount of money out of it in a month base on my level in trading.

My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.

Which do you prefer an why.

Many people have gotten rich by turning their side hustle into their full time work, there is no shame in that. In fact it would seem that you are much more productive in your trading work, so you should do more of that and as long as you are paying taxes fairly - it's better for your community/society if you do the job that earns more, as long as it provides enough satisfaction to you. It seems like you've lost your love for civil service work, so take the money that you're earning and find some way to give back. Buy some land, plant a forest and donate it as a park. Go litter picking every day. Help the elderly. Join a food kitchen that feeds the homeless. There's all these other ways that you could help in your free time.

R


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mamesso
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May 02, 2023, 02:58:01 AM
 #87

I prefer to keep them both, no need to chose. It’s hard to trust in trading alone and expect for a consistent income knowing the crypto market is very unpredictable, likewise it’s inflexible and incompetent of yours if you just work all day and earn from a single source of income knowing you can also take advantage with your side hustle and make good profits through trading. So if you wish to get the best from your abilities and skills, then chose to work on both and prosper from them.
i agree with you, I already tried both of it . Having a work alongside with trading will give you more money in the future. Ir will only exhaust you in a bit but it will worth it once you manage it well. But if you want to focus then leave one thing and sacrifice it, you cant do both if you dont have the ability to do it.
Trading can be done anytime and anywhere without any time limit, you can trade during breaks at work, on holidays and before bedtime. You need to know, crypto trading has quite high risks such as an unlimited decline in value, there are no fundamentals that can be analyzed and are not protected by regulatory bodies.
If you have a background as a professional trader, you can combine the two, apart from your busy life as a civil servant, you can use your spare time to trade. If I had the chance I would choose both.


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May 02, 2023, 03:13:39 AM
 #88

I prefer to keep them both, no need to chose. It’s hard to trust in trading alone and expect for a consistent income knowing the crypto market is very unpredictable, likewise it’s inflexible and incompetent of yours if you just work all day and earn from a single source of income knowing you can also take advantage with your side hustle and make good profits through trading. So if you wish to get the best from your abilities and skills, then chose to work on both and prosper from them.

I think there will be a conflict of time depending on what the OP's specific position in the government office.
If his job requires most of his time to be attentive to every detail while he's in his office, then I don't think he'll have enough time to analyse the market movement to execute a good buy and sell orders. That could be one of the main reason why he choose to leave his job to focus more on trading as he can earn more while doing it full time.

I would suggest that OP will need to have a business that could generate a steady and stable income that doesn't require most of his time. That serves as his back up financially when things in trading go south.

R


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May 02, 2023, 04:28:14 AM
 #89

Both are good when it comes to choice there is a possibility of earning a monthly job in fact, in trading, one must have good knowledge of trading. Many times, the difficult condition of the market is not understood, so many traders suffer. And monthly salary government employees have one source of income and less risk. If you have good knowledge about crypto then you can earn more but before that, you need to learn well about the market. Even if you work, side income from trading will back up.

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May 02, 2023, 05:06:05 AM
 #90

I prefer to keep them both, no need to chose. It’s hard to trust in trading alone and expect for a consistent income knowing the crypto market is very unpredictable, likewise it’s inflexible and incompetent of yours if you just work all day and earn from a single source of income knowing you can also take advantage with your side hustle and make good profits through trading. So if you wish to get the best from your abilities and skills, then chose to work on both and prosper from them.

I think there will be a conflict of time depending on what the OP's specific position in the government office.
If his job requires most of his time to be attentive to every detail while he's in his office, then I don't think he'll have enough time to analyse the market movement to execute a good buy and sell orders. That could be one of the main reason why he choose to leave his job to focus more on trading as he can earn more while doing it full time.

I would suggest that OP will need to have a business that could generate a steady and stable income that doesn't require most of his time. That serves as his back up financially when things in trading go south.

On the contrary, I think he is making quite a lot of money from trading, and he thinks that if he puts all his time into it, he can make more money. It's not really because he's too pressured or can't arrange for both of them.

We don't know how long he's been in trading, but honestly, I haven't seen anyone who has been able to succeed and feed a family from trading. I mean professional traders besides trading, they also do outside business, or another job. They also have multiple sources of income as trading is not always profitable.

In OP's case, if he wants to quit his job as a civil servant, he needs at least a side business or another job that takes up less time. Don't just rely on trading and think he can have a better life thanks to it.

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May 02, 2023, 05:39:59 AM
 #91

I don't think there will be anyone in the world who doesn't like self-employment and prefers a day job instead of being their own boss where they are literally free to do whatever they want to without anyone having the right to say anything to them for not working the same hours or going anywhere or taking leave, you talk about any aspect, self-employment is a thousand folds better than working for a company or even the government.

The only thing that one should be concerned about is whether they can earn enough by themselves and whether the earning is consistent or not. Not being able to earn one day and earning more the other day is okay, but having breaks of weeks or months can become an issue later on.

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May 02, 2023, 05:52:06 AM
 #92

Working as a civil servants have always been my thing, I work from Monday to Friday which to me is normal, I feel proud doing it until I started trading bitcoin.

Trading started making me see things differently, because I no longer wait for my monthly salary, now I earn money daily and week, due to the kind of large amount of money I make in trading I fell out of love for my civil service job, because the money is small  but it is still a decent salary.

Note: in trading I earn base on performance, but even though the market is too bad, I still earn a decent amount of money out of it in a month base on my level in trading.

My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.

Which do you prefer an why.
Job will play an important role in conducting your life. You will get a certain amount of money every month with which you can manage your family expenses. But if you want to earn extra money and live a better life, trading offers you an alternative income. A person can manage trading while keeping a job so I never imagine trading as opposed to a job. I think people who want to trading get an opportunity to earn more money besides job.

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May 02, 2023, 05:55:27 AM
 #93

It all depends on what stage of your life you are....

If you have been a civil servant for many years and you have built up a good pension, then I will keep that job and trade Crypto currencies in my spare time.

If you are a younger person, with a long future ahead of him or her.... then I will take the chance and start Crypto currencies on a full-time basis. If it turns out to be a mistake, you still have a lot of time to start a new career and to build a pension for the future.

People with fixed expenses, like car or bond payments should also never rely on commission based income or profit based income on trading.  Roll Eyes

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May 02, 2023, 06:32:22 AM
 #94

As for me I don't love like government employment I want to be self employed, because let me say if am working for government and government is paying me thirty thousand naira, government is buying my time not to do anything else, and if thirty thousand naira is my monthly salary that government is paying right, now calculate how much is your daily payment, and calculate your daily feeding out of the one thousand naira, and if you are paying transport to work, now calculate your daily spent of the daily payment. If you are self employee like bitcoin investment or find and starts up a business is better than working for government.

believe that working for yourself is better than working for the government because, unlike trading or other self-employment, working for yourself gives you the opportunity to earn more money than you could ever think while still taking care of your financial status. However, in some nations, many government employees still rely on their daily wages and still start up their own businesses because their pay is insufficient to cover their expenses.
Although I am aware that a civil servant's salary is based on the type of work they perform, I would advise all other civil servants to not place too much reliance on their monetary pay because working for the government is not a job that you can do until the end of your life, whereas being self-employed never ends or you get to retired.

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May 02, 2023, 06:53:52 AM
 #95

Basically  there is no harm in having the both if you can cope and manage then efficiently since it is always advisable  to have multiple streams of income.
On the long run, trading is a very risky business and if not well done, has the possibility  of ruining one's  life just as it can make one have a better life so except one is financially  stable, I wouldn't  advice then to go all in trading  without having a backup for funding.
I've seen people living a very comfortable  and stable life from a regular job without having any basic knowledge nor crypto, so please its no harm having  the both

R


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Sir Legend
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May 02, 2023, 07:05:15 AM
 #96

When someone works in the civil service, they get a monthly salary and lots of benefits including their children's schooling and health, apart from that when they are old they will get a pension so most civil workers are comfortable and not interested in doing anything, of course everyone's thinking will be different and in my opinion the monthly salary is boring thing and nowadays would rather do any work even if it looks uncertain.
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May 02, 2023, 08:25:57 AM
 #97

It all depends on what stage of your life you are....

If you have been a civil servant for many years and you have built up a good pension, then I will keep that job and trade Crypto currencies in my spare time.

If you are a younger person, with a long future ahead of him or her.... then I will take the chance and start Crypto currencies on a full-time basis. If it turns out to be a mistake, you still have a lot of time to start a new career and to build a pension for the future.

People with fixed expenses, like car or bond payments should also never rely on commission based income or profit based income on trading.  Roll Eyes

Well, I agree that a lot depends on what stage of life we are in. I can relate to your comment, when we are younger we are exploring the world and we often get in some trouble because we didn't think it through (who will bother with that at a young age), the world is ours and we feel like we can conquer the world. But when wife and kids come, and all other stuff that comes with growing up we get another perspective... and when the responsibility is on us we can't allow ourselves to risk a lot and put everything we build for years in danger.

I am a civil servant for years, and I combine my job with my interest in crypto. It's not so hard to do it, most of the time...

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May 02, 2023, 08:26:21 AM
 #98

There is no point leaving one for one, your job is time based right? They create a time for your trading, you can still work and trade at the same time, trading is what I do too but not every time, and it doesn't take me more than one hour or two, I don't do trading around the clock like some gurus. A win is enough for the day, so I use some USD and create down an order waiting for a fill then I sell when there is profit so it's not like those futures.

Even if its futures trading you can create orders and use close trade features to your advantage, you can also set when to take profits too, I use bybit and binance for trading.

No point leaving your job but it's your call, if you think you don't need the extra money and the amount you making from trading is good for all your responsibility then you can stop working if you want.

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ancafe
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May 02, 2023, 08:27:25 AM
Merited by Fara Chan (1)
 #99

Working as a civil servants have always been my thing, I work from Monday to Friday which to me is normal, I feel proud doing it until I started trading bitcoin.

Trading started making me see things differently, because I no longer wait for my monthly salary, now I earn money daily and week, due to the kind of large amount of money I make in trading I fell out of love for my civil service job, because the money is small  but it is still a decent salary.
Why not combine both at the same time, I don't think there will be any problem running them at the same time. Working as a civil servant has set working hours and you can take advantage of your free time to trade, so you don't have to wait for Friday, Saturday and Sunday or you can use your free time between breaks to monitor trading via mobile.

The point is that being able to use both of their time simultaneously is much better, because as far as I know working in the Civil Service there is also not too much work and instead we work much more relaxed because each work has been arranged. In my opinion, working as a Civil Servant is a job that is too relaxed and can be done with other jobs together.

My question is guys which do you prefer, a steady monthly salary which you know that no matter what, it must come once the month ends or a business/ trading/ any other thing which you can do that you earn base on performance and you have the capacity to earn ten fold of what a civil servants might earn if you are good at it, but there is also a possibility that you may have a bad day in the office which you may even incurred some loss.

Which do you prefer an why.
The choice depends on where you live, in my area it is currently difficult for people to work for civil servants, because the recruitment process is getting tighter and doesn't provide many opportunities for people to work. Most people in my area prefer to work as civil servants and even though it is difficult to get into the job. Meanwhile, talking about working in a company is also very difficult, because there are very few companies available at my place.

In the end, people will decide to work as freelance workers and not be tied to anything, because the most important thing is that they can make money, even if it's small. If asked to choose which one depends on where you live and how the availability of jobs in your area. Developing a business may be a good choice and choosing to invest in bitcoin is also the right choice, depending on how you take advantage of all the things that can be profitable and most importantly you can run it properly and know what risks will occur.

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May 02, 2023, 08:30:51 AM
 #100

There is no point leaving one for one, your job is time based right? They create a time for your trading, you can still work and trade at the same time, trading is what I do too but not every time, and it doesn't take me more than one hour or two, I don't do trading around the clock like some gurus. A win is enough for the day, so I use some USD and create down an order waiting for a fill then I sell when there is profit so it's not like those futures.

Even if its futures trading you can create orders and use close trade features to your advantage, you can also set when to take profits too, I use bybit and binance for trading.

No point leaving your job but it's your call, if you think you don't need the extra money and the amount you making from trading is good for all your responsibility then you can stop working if you want.

It is not always good days in trading there will be a time that your strategy now are not working that supposed to be and that is the time you need your job for extra money. I do agree that you shouldn't leave you job as you can still trade even in your work so just take that opportunity and take that advantage that you can trade on your phone which means you have multiple source of income that can make you successful and buy those things that you want
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