Can Bitcoin trading be my sole source of income?

[bitzizzix]

Before, i am thinking that bitcoin trading can really be my source of income. But as what happened to the bitcoin massive decline, many traders really loss a lot. So better to balance, have a job or business and still enjoy trading your bitcoin.

I think trading  is not enough to  just hold on because trading is risky and can never be predicted,  it is better to have a source of income than to depend on trading. Trading must be funded from earnings we get from other sources of income. Trading should never be the only source of get money expecially for beginners but an alternative way of getting money. Depending on trading will always result to panicking all the time but when their is another source of income it will reduce the rate of being panicking.

If it were easy we all would do it and everyone wants to make a living trading. And even though there are those who want to make a living from trading, you can be sure they are very smart and have a lot of experience and knowledge that is very supportive.
It would be ridiculous to think it was easy especially for beginners, if it was that easy we would all be leaving our jobs today if trading were truly a reliable source of income.
Of course, those who can give us income only by working or doing business, and trading can only be used as side income.

[1715014643]

1715014643

[carlisle1]

Before, i am thinking that bitcoin trading can really be my source of income. But as what happened to the bitcoin massive decline, many traders really loss a lot. So better to balance, have a job or business and still enjoy trading your bitcoin.

I think trading  is not enough to  just hold on because trading is risky and can never be predicted,  it is better to have a source of income than to depend on trading. Trading must be funded from earnings we get from other sources of income. Trading should never be the only source of get money expecially for beginners but an alternative way of getting money. Depending on trading will always result to panicking all the time but when their is another source of income it will reduce the rate of being panicking.

If it were easy we all would do it and everyone wants to make a living trading. And even though there are those who want to make a living from trading, you can be sure they are very smart and have a lot of experience and knowledge that is very supportive.
It would be ridiculous to think it was easy especially for beginners, if it was that easy we would all be leaving our jobs today if trading were truly a reliable source of income.
Of course, those who can give us income only by working or doing business, and trading can only be used as side income.

That mindsets are common to everyone, if trading is a safe venue to make money for a living for sure, most people, if not all
will venture into this business and will try their luck to achieve financial freedom.

But reality wise, there are many who lose a lot with that kind of mentality as they think they can just buy and earn not knowing the
actual concept of trading.

Always depends on how you will take your time in learning and keep yourself updated to execute good patterns that may give you
decent chances to earn money.

[homosapienstrader]

yes if u have high precision operational system, just surpass hominidae cognitive limitations..

[alastantiger]

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?

Yes. It is. The person would need to transition slowly from their current place of work into bitcoin trading fully because it requires detailed planning of what to expect and what not to expect. Secondly the person must have a rethink especially if they have a family and other neck breaking responsibilities. They must speak to their spouse about it.

[TelolettOm]

If it were easy we all would do it and everyone wants to make a living trading. And even though there are those who want to make a living from trading, you can be sure they are very smart and have a lot of experience and knowledge that is very supportive.
It would be ridiculous to think it was easy especially for beginners, if it was that easy we would all be leaving our jobs today if trading were truly a reliable source of income.

Agree. Everyone will rely on Bitcoin trading as their main source of income if it is easy and there is a guarantee for profits. Although it requires sufficient knowledge and experience, people will try to live with trading. But even you have enough knowledge and experience, there is no guarantee for profits and the market is always difficult to predict. So, there is no way to make Bitcoin trading as a sole source of our income. I think it is ideally as an additional income.

For beginners, Bitcoin trading doesn't deserve to be the source of income. Unless they get profits, they probably get more losses during learning trading. They must focus on learning if they are beginners. They can consider it as an additional income when they already know how to trade properly and understand how to trade with an effective strategy.