Can Bitcoin trading be my sole source of income?

[gabbie2010]

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?

Trading Bitcoin is very risky as well as profitable, however how consistent have you trading Bitcoin? How long have you started to profitable? can you continue your white collar job alongside trading?  If you had been very consistent in earning profit for a very long time in trading Bitcoin then I will say the risk to quit your while collar is worth taking else I would advise you to continue with your job and trade Bitcoin in your free time, I can see that you had been overwhelmed with profits earned in trading Bitcoin, however don't get carried away if you saw massive profits earned by some signal providers from social media, some of them are Photoshopped to deceive unsuspecting new traders.

[Alpha Marine]

I think before Bitcoin trading becomes your sole source of income you have to be really, and I mean really experienced in bitcoin trading. You can't be new to trading and want to make it your sole source of income.
Before you quit your job to focus on trading you have to look at how much you have been making while trading on the side(this is assuming you have been trading previously), because bills are going to be paid from that income.
Bitcoin trading is like every other skill, you have to learn and understand it first but in this case, you can make losses. And also, you have to have a liking for trading. You can't just get involved in it because you see people who are involved making money out of it, you clearly don't know their losses.

I'm not comfortable with the word "sole". Why would you want to have only one source of income if you have the opportunity to have more than one?

[Mate2237]

Yes it is possible for depending solemnly only on bitcoin trading for a living. Bitcoin trading is a whole time business in which people can be engaged. But you don't have to resign from your government job. Since trading can be done at anytime and anywhere therefore you do your trading even in the office in your working place so there is no limit for that. There are many people that are here that doing the same thing here.

If depends only trading and the day the market do not favoured you, what will you do? So keep the job running because trading is unpredictable and risk.

[Sanitough]

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 would never say it’s safe unless you have any other stable source of income that will generate money for you when trading itself starts not working out on you. Though it’s undeniable that lots of traders have been very successful and have finally reached to where they are right now, but know that everything they pass through have been very hard and risky. You don’t know how much they have lose first before you see them succeed. And note that not everyone is capable to trade and destined to end up trading successfully, others may be good at their performance at first but still end up quitting. That’s how hard and risky trading is. So if you think you can still manage those risks and pressures, then go and take the risk in trading but keep your job first until you see yourself earning well from trading.

[Josefjix]

Yes it is possible for depending solemnly only on bitcoin trading for a living. Bitcoin trading is a whole time business in which people can be engaged. But you don't have to resign from your government job. Since trading can be done at anytime and anywhere therefore you do your trading even in the office in your working place so there is no limit for that. There are many people that are here that doing the same thing here.

If depends only trading and the day the market do not favoured you, what will you do? So keep the job running because trading is unpredictable and risk.

It's a good idea to acquire a side work that can supplement your portfolio when you suffer large losses; this is the job you'll fall back on for financing; it's straightforward and recommendable. Trading full-time is also an option, but it is dependent on your level of experience in the market, which is volatile and prone to swings. It's unpredictable, and we never know what will happen next in the market, so the best thing to do is mentally prepare for any eventuality, good or bad. Trading bitcoin in the space is a legitimate way to make easy money online.

[Natalim]

Yes it is possible for depending solemnly only on bitcoin trading for a living. Bitcoin trading is a whole time business in which people can be engaged. But you don't have to resign from your government job. Since trading can be done at anytime and anywhere therefore you do your trading even in the office in your working place so there is no limit for that. There are many people that are here that doing the same thing here.

Working from 8 m-5pm and doing trading after getting home for at least 2-3 hours, well, that is pretty enough. Because trading doesn't require a whole day facing on the computer and even if you are a full-time trader, nobody is doing that for sure. It is really all about managing our time properly and if we can get on the schedule. But I see it was not the main concern here, what I'm trying to say is that we need financial assurance which is why it was hard to leave our job just for trading. Maybe we can do this in the future when we already have enough savings.

[benalexis12]

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?

How long have you been trading in the Bitcoin industry? How deep is your knowledge of Bitcoin trading? and how much is the minimum profit you get from trading here?
It's hard to sacrifice the job you have if this is your only source of income and then there are bills that must be paid every month. If you think you can earn more from trading than your salary as an employee, do it. But if not, you should think about it carefully.

[Dr.Osh]

Yes it is possible for depending solemnly only on bitcoin trading for a living. Bitcoin trading is a whole time business in which people can be engaged. But you don't have to resign from your government job. Since trading can be done at anytime and anywhere therefore you do your trading even in the office in your working place so there is no limit for that. There are many people that are here that doing the same thing here.

If depends only trading and the day the market do not favoured you, what will you do? So keep the job running because trading is unpredictable and risk.

yes, it all depends on how the market moves. I also suggest not to quit his job because it can also make him an additional income, unless he is really proficient in trading, and build other businesses from it. However, for starters, it's best to keep your job. try to live that life for a while, so when you don't feel right for trading, then you still have your job.

[fauzan Ichsan]

Yes it is possible for depending solemnly only on bitcoin trading for a living. Bitcoin trading is a whole time business in which people can be engaged. But you don't have to resign from your government job. Since trading can be done at anytime and anywhere therefore you do your trading even in the office in your working place so there is no limit for that. There are many people that are here that doing the same thing here.

If depends only trading and the day the market do not favoured you, what will you do? So keep the job running because trading is unpredictable and risk.

yes, it all depends on how the market moves. I also suggest not to quit his job because it can also make him an additional income, unless he is really proficient in trading, and build other businesses from it. However, for starters, it's best to keep your job. try to live that life for a while, so when you don't feel right for trading, then you still have your job.

a wise step in responding to trading as the main livelihood. especially if we are still in the learning trading phase like me, we haven't been able to make a consistent profit making it my side job, this can be done because trading is not time bound and we can even place pending orders, and place stop losses and targets without having to be in front of the market every time time. the main job sustains our lives and the results of trading as a developer of our assets so that in the future we can achieve financial freedom

[ItsCrafty]

How long have you been trading in the Bitcoin industry? How deep is your knowledge of Bitcoin trading? and how much is the minimum profit you get from trading here?
It's hard to sacrifice the job you have if this is your only source of income and then there are bills that must be paid every month. If you think you can earn more from trading than your salary as an employee, do it. But if not, you should think about it carefully.

There is no doubt that the cryptocurrency market is a good platform to earn profits.It is also very risky.Even a very experienced person cannot take it as a full time job.There are also many occasions where your entire fund gets stuck and due to which you are stuck for a long time, And often experienced people also get lost here.

This platform can be trusted as a side business but I would not advise anyone to quit their job and start trading in Bitcoin based on experience.
According to my opinion trading in bitcoins every person should have any other business or job.This is a part-time job and should be treated as a part-time job.

[KaizenJujustsu]

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?

Bitcoin is a volatile currency. Its value can fluctuate rapidly within a single day. Meaning, It can create opportunities for profits because its value might increase suddenly. While bitcoin trading can be a great source of income because of its demand, it is still a risky take to quit your stable job with steady income to something that changes from time to time. I suggest that you shouldn't quit your job for bitcoin— instead, find ways to incorporate bitcoin to your job to further increase the income you're getting. Your job will sustain your daily needs while bitcoin is an investment for your future. Also, Having various ways to produce money will be a great help on your journey in trading.

[Viscore]

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.

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?

You can do whatever you want OP. You need to be at the pro-level of trading in addition to having made profitable trades before making a decision to quit your job. Since a trader cannot be an alone identify yourself with other traders in the community who are way higher an above you before thinking about.

I'd say do not be in a hurry. The universe will bring it to your consciousness when it is time to move fully into it and by that time, you wouldn't need to ask anyone because you would feel ready, and everything would be in place for you.

Don’t pressure yourself if you are still in doubt, no need to hurry because there will always be opportunities to trade and make profits once you become a pro trader in the market. I know the feeling since I’ve experienced the same way back then, but then I chose to keep my job along with trading because aside that I am family man, I know how trading is so risky that even if you’re a legend in trading, there will always be unstoppable losses that may happen to your trades.

[jeraldskie11]

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?

There are traders out there especially those who are profitable focus their time in trading. That's because they prove in their selves that they can earn money without their outside work, in short they are profitable already in trading. So if you're a beginner who wants to trade, I would highly recommend not to quit on your job because this time you can't be sure that you can survive if you only rely on Bitcoin. Just put a small amount of money and make it double using your backtested trading plan. If you successfully accomplished this, you can do again with the same amount and make it double or triple, in a specific period of time. So, if you do it in a year and have established yourself to be a profitable trader, now is the time to quit your job, especially if you feel like you're earning more than you do at your work.

[Woodie]

Generally many people around the world today have made à living through trading , and it being in all sorts of forms..for others they have actually made gòod money through peer to peer trading using bitcoin which is the simplest forms of trading ,and for others that don't want to interact with people could trade it by analysing charts and choosing to long or short the market and its paying people's  bills... Overall when it comes to trading,  their is something for everyone.

[merekamo]

Don't quit your job bro. I would suggest not quitting your job to trade Bitcoin full time, especially if you are new to the world of cryptocurrencies. Trading Bitcoin and other cryptocurrencies can be very volatile and unpredictable. Relying solely on trading Bitcoins for your income can be stressful, as the market is open 24/7, and you may feel compelled to constantly monitor the market and place trades. This can lead to burnout and poor decision making. Make trading bitcoin as a side job only. You can still learn and gain experience in trading while maintaining the stability of your current income.

[Framelover]

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?

Be informed that Bitcoin trading is a highly flexible activity with significant risks. Despite the potential for huge returns, great losses can also be significant. As such, it's crucial to approach Bitcoin trading with a defined strategy and effective risk management. Before quitting your current job, it is essential to assess your financial situation and responsibilities. Are they people who are solely dependent on you for financial coverage? considering whether financial support is available in the event of trading failure.
Furthermore, it is important to do proper research on Bitcoin trading to enhance your scope and to boost your confidence in the crypto world.
All in all, it remains entirely your decision whether or not to quit your present job and go into Bitcoin trading full time after you have weighed your options properly.

[Sexylizzy2813]

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?

Is really a decision you have to make on your own, if you feel you can do more better than when you're in your current job then why wait for that long, you know the potentials you possess. If you feel you can handle both jobs then you're good to go but at the same time never forget the risk involved.
On second thought, if you're a beginner don't quit your steady employment for trading unless you have amassed enough wealth for risk taken, it's never cool to quit your job and making trading a career.

[peter0425]

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?

have you decided what to do  as it has been week after asking the community ? because it seems that you are not interested to whatever advise and answers we bring you here , as this does not attract you to come back and inform us about what you truly wanted.

Yes it is possible for depending solemnly only on bitcoin trading for a living. Bitcoin trading is a whole time business in which people can be engaged. But you don't have to resign from your government job. Since trading can be done at anytime and anywhere therefore you do your trading even in the office in your working place so there is no limit for that. There are many people that are here that doing the same thing here.

If depends only trading and the day the market do not favoured you, what will you do? So keep the job running because trading is unpredictable and risk.

yes, it all depends on how the market moves. I also suggest not to quit his job because it can also make him an additional income, unless he is really proficient in trading, and build other businesses from it. However, for starters, it's best to keep your job. try to live that life for a while, so when you don't feel right for trading, then you still have your job.

maybe holding not only bitcoin or not to solely trade bitcoin , because look at it as keeping multiple currency in your folios but of course those  best one and never engage in shitcoins.

[worle1bm]

There are people who are doing trading only and making good profits from it only but it requires trading skills, experience and knowledge of the market.You also need to have some funds with you in the start to boost up and back up your journey as well as loss to face in trading.You see those who make good trading profits but don't get too influenced by them but if you find it fine after some time you can make it full time.

[Smartprofit]

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?

In any game (and bitcoin trading is a game), it is very important to ask yourself the most important question - what is your competitive advantage? 

Bitcoin trading is a zero-sum game.  Some traders make profits and some traders make losses.  Money moves from one trader to another trader. 

What is your competitive advantage in this game?  Why do you think you will make a profit and not a loss? 

By answering this key question, you will also answer the question of whether you should quit your job and focus entirely on bitcoin trading.