Can Bitcoin trading be my sole source of income?

[Ultegra134]

As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

It is certainly possible, to make a living from trading but only you can give the correct answer to this question. Everything, exclusively everything depends on you. How skilled you are, how disciplined you will be and how dedicated you will be to the whole job.

Judging by what and how you write, I would rather say that you are a beginner than an experienced trader. In that case, you certainly cannot rely only on income from the trade, because there are no guarantees and you have a long learning way ahead of you. The moment you are ready to be independent and rely only on your trading skills, trust me you will not need this kind of advice from anyone.

I couldn't have said it better myself. Trading is indeed a great way to make money; it has immense capabilities, and the opportunities are endless. However, you don't sound like an experienced user, and even someone advanced should under no circumstances depend solely on trading or even cryptocurrencies in general as their source of income. This rule applies to pretty much everything; you should never put all your eggs in one basket because it increases the risk of getting screwed over.

I'm not claiming that trading isn't worth it; it is if you know what you're doing. However, it should be something to be considered extra and not a main source of income. You should always have at least one steady stream before doing anything.

[xSkylarx]

Yes you can make it as a source of income only if you are knowledgeable on it, have a proven track record or stable profits over time and lastly if you can take risk and accept loses. There are a lot of people out there that they are making bitcoin as their source of income but they are not only trading bitcoin it is also other altcoins , but if you are newbie to trading and planning to shift career, it is not a good idea, it is better to make it your side hustle first because it is not always profitable when you are just establishing your strategy.

[Franctoshi]

As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

Before considering quitting your job and to make Bitcoin your sole source of income, there are certain things that need be in place which includes;
You must have good understanding and the practical knowledge of trading Bitcoin and too must know how volatile that Bitcoin is to actually trade. secondly the amount of money which you are starting with will determine your profit... And in order not to regret or hurt yourself, ensure you are trading with your funds and not a borrowed money, you should also consider such money as money which you can afford to lose anytime. Finally, do not quit your job, do both until when you have started seeing good results and consider yourself experienced to trade then it will be a nice time to have this decision.

[cheezcarls]

As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

I hate to say this but making Bitcoin trading as your only sole source of income is not a good idea. You know the reason why? Bitcoin is volatile and unpredictable and you may not know when it will go up or down without warning.

You cannot command Bitcoin to go up or down the next minute, hour, day or so. It is decided by the buyers and sellers worldwide.

You can just make this as a side hustle and only spend an extra amount that you can afford to lose. Never go all-in with your salary or life savings if you want to get in to Bitcoin trading.

[MFahad]

There is no doubt that you can earn maximum profit from bitcoin but I think leaving your job and depend solely on bitcoin is a dangerous decision because you will earn a certain salary after a month but in bitcoin there is no possibility that you will definitely earn money on regular basis.

Why you don't save little cash from your salary and then make investment? It will be better for you and don't make a sudden decision because you will leave your job and if you don't know how to handle bitcoin investment then it will be difficult for you to make your life easy by earning.

[Nrcewker]

Everything depends on your caliber and capacity. If you are capable enough to do trading and that with profits, then yes you should completely focus on that and you need not to have to focus on other jobs. But if you ask for a suggestion from me, then I would advise you that make trading as a secondary source of income. As trading according to me is not sure money. And in order to survive , you need to have a stable yet small source of income. In trading risks involved are very high, so with high risks, a normal life cannot be lived.

[Stable090]

As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

Why will you resign your white collar job because of your bitcoin trading? Is your white collar job affecting your bitcoin trading in anyway? Don’t let people push you to leave your white collar job for trading, don’t even try it, I have seen people that have tried it before and they ended up regretting their actions. You might be trading now and you will be making money, when their will be problem a is during the bear market, you might not be making much money during bear market compare to during bull run, only professionals are always making during bear market and they might not be making much money. Most beginners are always losing money during the bear market, what will happen when the bear market start and you are not making enough money like before, how will you be surviving.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

Why should you even have just single source of income, you can be trading and still be working, your white collar job should be your main source of income, then your trading should be your alternative source of income. If you leave your job for trading, don’t be surprise you might end up regretting your actions later and it might be late already. My advice is for you not to leave your white collar job.

[tjtonmoy]

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

This will be a wrong decision. There's so much competition going on in the world. Once you lose something, it's really hard to get it back. And when it's your source of income, don't lose it. You are getting a constant income from your job, then keep it. Doesn't matter it the amount is low. Grab every opportunity you can get.

Bitcoin trading is a risky business, and even if you are a pro, you can not predict the market movements with 100% accuracy. Bitcoin trading should always be the second option, or something you can do while keeping your job. When you see other people gaining success with trading, you feel like you can do that too. But the journey is very difficult and it takes time.

Learn it and become a master at it. Make a savings for emergency situations. Make another account in where you will only store the money you are willing to trade with. Never use the money you only have. Create an environment where trading losses will not affect your daily life. Make a good plan for risk management. Most important is to have control over your emotions. If you can manage all this, then you can jump right into trading. Also remember, there are other things to learn too. What I am saying here is just the basic knowledge. DYOR

[redder08]

As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

It's critical to understand that trading Bitcoin may be a very volatile and dangerous activity. While there is a good chance of making money, there is also a good chance of losing money. Therefore, having a thorough understanding of the cryptocurrency market, its background, and its current tendencies is essential.

Additionally, it's crucial to have a well-thought-out strategy that accounts for potential risks and rewards as well as knowledge of the tax repercussions connected to cryptocurrency trading.

It's important to think carefully before leaving your white-collar career to devote all of your time to Bitcoin trading. It's crucial to take into account your financial commitments, including bills, rent or a mortgage, and other expenses.

[Findingnemo]

As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

So you started to have thoughts such as why I need to work for someone for few hundred dollars when I can make that in a day?

Then you need to understand the outcome as well, most people who quit their job because of their short term success in crypto trading regretted their decision so its clear don't do it unless you have other source of income which will give stable income.

FYI, I have a friend who is working at manager level on a company for around 15K USD monthly income meanwhile he is doing lot other stuffs and FYI, he made few millions in the last 6 months via affiliate marketing, content creation, sponsor and paid to be a motivational speaker on weekends and you know he still continues the 9 to 5 job and managing to work in the remaining time.

[Hyphen(-)]

As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

No! That is my personal opinion.

Your job provides you with a consistent monthly income in the form of a salary, and it may be your only source of income; it is a reliable source of income because you know the money will arrive at the end of the month or as agreed; while Bitcoin trading is something you will have to learn about first, the risk involved in crypto and Bitcoin trading is very high due to volatility, and the market can go bearish, making it difficult to make a single profit.

As a result, I recommend that you stick to your job and learn about Bitcoin Investment, then start small with a portion of your monthly income for Bitcoin trading until you are perfect at it, and then decide if you feel safe enough to quit your job.

[KingsDen]

As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

Let me throw you an honest counter question.

Have you ever seen the case where a good crypto trader decided to get a steady white colar job as you called it in order to balance his income?
If yes, the reverse could also be the case. You can be in your current job and still trade crypto. Thing of how possible it is to do more than two jobs in order to beat the rising inflation and not how to exit the one you have for a pure uncertainty.

[|MINER|]

As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

It is true that there are many people in today's world who consider trading as their primary profession. But we also have to look at the fact that here the success rate is mostly seen that they are facing loss. So trading is a very risky platform and there is no guarantee that only profit will be here, so before leaving any job for trading full time, take a rethinking decision. Moreover, it depends on the skill of the trader.

[Russlenat]

As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

It is certainly possible, to make a living from trading but only you can give the correct answer to this question. Everything, exclusively everything depends on you. How skilled you are, how disciplined you will be and how dedicated you will be to the whole job.

Judging by what and how you write, I would rather say that you are a beginner than an experienced trader. In that case, you certainly cannot rely only on income from the trade, because there are no guarantees and you have a long learning way ahead of you. The moment you are ready to be independent and rely only on your trading skills, trust me you will not need this kind of advice from anyone.

Trading is a profitable source of income, but the income varies depending on how skillful and strategic a trader is. The higher your experience in trading, the bigger the chances you might consider it as a consistent source of income. However, if you are starting to trade, and you are still in the stage of learning and developing your skills, then making trading as a main source of income will be very risky that you might incur more losses than gains. Though you can still be in profits sometimes, but mostly you will face bigger losses in reality. So think a thousand times. There’s still a lot to learn in trading, and I think you yourself knows the best answer that will suit for you.

[uche6215]

Yes you can trading is good and you can get more assert through the help of bitcoin investments or even forex trading, there are many people out their who are very wealthy through the help of bitcoin investments, I can advice you to not quite your job because it will be a very nice idea for you to have two empowerments.
Bitcoin is a nice investment that allows you to invest and work and also do your jobs, you must dedicate some of your time to learn about bitcoin but after that no much deal on investment you just have to bear the mind of holding for huge returns.

[Distinctin]

As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

It’s good that you ask the experienced traders because you will never know the right answer unless if you experience it by yourself. And by knowing in the first place that trading is highly risky, then one should never rely on it as a single source of income, unless if you see yourself highly skilled and experienced in trading that you were able to gain more profits than to lose in trading. If you are not like this, then better to focus on your job first and continue learning in trading and develop more your skills and strategies, maybe one day you don’t have to question yourself anymore since you are already aware on your own potentials.

[Awaklara]

although it is very possible to do, for me it is too much. but if indeed you are not comfortable with your job, and you prefer to make a profit from trading, then do it.
I'm sure some traders actually trade every day and only focus on making a profit from the trades they make. but for me, it's too risky because when you have a family and have bigger needs every day, looking for profits from trading every day will make you quite depressed. even though when you are experienced in trading, it will be very possible to make a profit.

[Botnake]

As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

The answer depends on the abilities and capacity of a trader. If you are still a beginner, then never go for trading alone as it will never give you sustainable profits. But if you are trading for so long and have been making significant profits every time you trade, then you might consider leaving your job and focus in trading. But I guess based on how you described yourself, you’re not ready yet to completely rely on bitcoin because you know eventually how you are doing in trading.

[DoublerHunter]

As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

The answer depends on the abilities and capacity of a trader. If you are still a beginner, then never go for trading alone as it will never give you sustainable profits. But if you are trading for so long and have been making significant profits every time you trade, then you might consider leaving your job and focus in trading. But I guess based on how you described yourself, you’re not ready yet to completely rely on bitcoin because you know eventually how you are doing in trading.

^ That is right and it is a case-to-case basis and it depends n the individual trader.
Trading Bitcoin, or any other asset for that matter, requires a certain level of knowledge, skill, and experience.
It is very important to have a solid trading plan, risk management strategy, and a clear understanding of market dynamics before making the decision to quit a job and focus solely on Bitcoin trading. It is very risky to assess one's financial situation, risk tolerance, and long-term goals before making any major career changes.

[blockman]

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

It's safe but one that has become full-time in trading bitcoin has understood the risk that he's going to take. I advice you not to quit your job while trading bitcoin.
You can do the same thing at the same time without even the need for you to resign from your job. This is a risky market and volatility shouldn't be taken easily since you're still new to this. A full time trader can't only be found in Bitcoin but also in other markets like stocks, you'll see people that have committed and decided to go full time with those because they know that they can.