Bitcoin investment, fulltime endeavor or side hustle?

[Vaskiy]

It is a volatile market, our life can't be the same. To some extent it is possible to adjust the life needs to the varying income. For a long means this will sure be problematic. Better is to have a stable earning job, so that things can be planned accordingly. With the earning out of bitcoin trading and other activities it can be used to make life even better. There are people who are full time into cryptocurrency trading, but through some means they've already secured to receive earnings from multiple streams.

[hatshepsut93]

Everyone knows that most day traders of any asset are losing money in the long term, because there is no reliable method of predicting short-term price. And investing in Bitcoin for long term can't even be classified as side hustle, because it doesn't require much effort - just buy Bitcoin, set up a wallet and wait for years. Side hustle is something that you spend maybe 5-10 hours per week at least, and with Bitcoin investment you don't need to do that.

[LogitechMouse]

~
 "to them, Bitcoin would continue to be a side hustle and since the price of cryptocurrency is volatile they could loss the value of their investment at anytime. they also said that they couldn't quit their jobs as that would continue to bring more capital for their investment"

The people that you saw outside did the right thing.
They did the right thing to not quit their job, and take Bitcoin trading as a side hustle only.

TBH, there are only few people out there who have the guts to quit their job, and focus on crypto trading, and become successful. What's worse is there are some traders out there especially when the newbie ones who are getting profit in their first few trades, made a few bucks, quitted their job as they are earning far more than their current day-to-day job, and after that they lose their money in trading. This is the reason why I don't quit my current job as of this moment, and focus more on crypto trading. I know for a fact that yes you can get profit for consecutive days, but there will always be a possibility that one or consecutive wrong trades might end up losing my money.

What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?

HELL NO!!!!!!

Unless you're an expert trader who are earning more profits than losses in a monthly basis, why should you quit your day job to just to trade. Why quit your job if you can do both of them at the same time? I'm not an expert in trading, but does expert traders look at the charts 24/7? Bitcoin is very volatile, and very unpredictable thus, you don't know where it can go. One time you might earn profit from it, and then after that you might get lost. Overall, I don't recommend quitting your day job, and focus more in crypto trading.

[lienfaye]

after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?

I started as a trader then I switched to become a long term hodler. Before I engage myself in crypto, I already have a stable job and a running business that up to now still existing. But I still don't quit my job despite of having other source of income, why? Because this is where I can earn a passive and stable income aside from being a crypto investor.

So my answer to your question is no, I will not quit my job and won't consider being a crypto investor/trader as a full time hustle. I agree with your friends, their job can give them additional capital for their investment hence it's wise to keep your stable job while treat crypto as a side hustle. This way, incase something didn't go as planned with your investment, you still have other source to be able to earn a decent income.

[patientforzhou]

Depending on your personal circumstances and risk tolerance, you should fully understand the bitcoin market and investment risks before making a decision.
If you already have certain experience and knowledge, are able to make effective investment decisions, and are willing to devote more time and energy to Bitcoin investment, then you can choose to invest full-time.

[Games.Bitcoin]

The choice of whether to make Bitcoin investment a full-time endeavor or a side hustle depends on your knowledge, experience, financial stability, risk tolerance, and time commitment. It's a personal decision that varies for each individual. Consider your circumstances and goals before deciding on the level of involvement that suits you best.

Ultimately, the decision between making Bitcoin investment a full-time endeavor or a side hustle depends on your specific circumstances, goals, risk tolerance, and available resources. It's essential to carefully assess these factors and make a decision that aligns with your financial objectives and personal situation. Consulting with a financial advisor may also be beneficial in helping you make an informed choice.

[cotaland]

Investing in Bitcoin is risky, and for me it's just a side hustle.

[YUriy1991]

after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?

I really remember a friend of mine who is a Contractor who is also pursuing this field in terms of coin trading, telling me one thing "I only trade with one coin only BTC". So in short they have gone through the bitter and sweet side of investing in BTC and I think this is a natural thing if they decide to continue investing because after work and market performance they have studied well.

Investing in Bitcoin is risky, and for me it's just a side hustle.

I understand. This is an individual perception and is not wrong. But this may not cover all points of view on Bitcoin.

[Stella Mese]

when we always get profit from our investment sometimes surely some people will have thoughts like that.

but in my opinion, investing in btc shouldn't be your main business, so in my opinion, investing in btc should be a side business, because in the world of btc, of course there is a bull market and a bear market.
so investing in btc has risks.
besides investing in btc in my opinion is not tiring so it would be better if we do jobs like in factories or offices and so on and make btc investments as a side business,
so the profit will be even greater because we have 2 jobs.

[Crptomagma]

No doubt people make profit in Bitcoin trading but the idea of making it a full time job is a no no to me  reasons being that Bitcoin price is volatile. You may or may not make any profit at the end of a month. But when you have a job you know that at the end of the month a particular amount will be paid to you. So for me Bitcoin remains a side hustle 😔😔.

[Kasabus]

after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?

Rich people don't settle in one source of income. They become rich because they have multiple business, multiple investments, and their own jobs. You don't need to settle and work full time on investments or trading if you can work your job fulltime and sideline, investments should be just side hustle.

True. They always seize opportunities that will make them richer in the process. So from the rich men perspective, if you can make them both work, keeping your job and receive good compensation, and working on your side hustle in your free time to make it profitable, then there’s no reason to focus on a single job or side hustle. If rich men are doing this, then much more to those who only live at a regular stratus who keep on wishing to improve their lives and be financially stable and independent.

[Finestream]

The answer relies on how you are actually seeing bitcoin investment in the future and how you are doing it well at the current. While most of us here prefer bitcoin investment as a side hustle because of its inability to give sustainable profits, I also think that it could bring a big difference in our lives if we also try to make it as a full time  endeavor. Yes, the risk could be a lot way higher but you know, you can’t expect your life to see high progress if you are afraid to take big risks. But always know that before we decide to focus on investing for full time, at least our finances are already stable so that if we lose, it can never affect our finances that much.

[Fivestar4everMVP]

I personally know many people here in my area who are full time bitcoin and cryptocurrencies traders, and they are living a very good life, including those with families as well, though most of this guys are not typical traders like me and you though, they are hardcore professional traders with all the right tools and a well furnished trading room where you can find all kinds gadgets set up to optimal trading experience..

I personal quit my job in 2020 to become a full time bitcoin investors, as well as a trader, but still, i didn't have to depend solely on money I made from trading, I decided to set up business of my own as a major source of income, while bitcoin trading have become my side hustle.

[dunfida]

    as a crypto trader sometimes, there's this question that usually comes to my mind and that is if there are people out there who are into Bitcoin investment fulltime and then if crypto currency paid me more than my current job, would I quit my job to go into Bitcoin fully?

So yesterday, as I went out at night to grab some snacks for myself. I bumped into a group of friends who were also into cryptocurrency trading. Then it turned on me that I should drop my question of whether Bitcoin or crypto trading could be a full-time hustle that would continuously put food on our tables in the near future and if they could quit their current jobs going into Bitcoin investment fulltime?Their responses were quit alike saying that
 "to them, Bitcoin would continue to be a side hustle and since the price of cryptocurrency is volatile they could loss the value of their investment at anytime. they also said that they couldn't quit their jobs as that would continue to bring more capital for their investment"

after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?

Dont quit your job because its true that the market is volatile and something that you cant really rely specially if you are really needing to have that daily needs which we know that trading cant provide nor investment

to put up food in our table on day to day basis which it doesnt really make no sense if you would quit up but you arent really that something sustainable on crypto investment not only limited on Bitcoin but in overall crypto space. Yes, there are ones who are really be able to quit up their jobs but those are the ones who had been holding up big investment or funds and able to make out some
sustainable trades in day to day basis.

Acquiring such knowledge or getting these type of skills isnt something that someone could easily pull off. This is why it would be wise on making it as a side hustle because
you wouldnt really be that dumb not to notice whether you are really that sustaining or not. You would be the ones to find out on that certain right time.

[Vaculin]

...

after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?

I want to ask you one thing. In your opinion, having one source of income or two sources of income, which is better? This life always contains surprises, so we always need B plans for it, and having 2 or more sources of income is one of those plans. With a world rife with inflation, and currencies depreciating daily, many people struggle to earn extra income from various jobs. Having 2 income sources is the dream of many people, including me.

As others have also said, bitcoin or crypto is too volatile and very risky. So quitting your job to spend all your time investing in bitcoin is really a bad idea. I completely agree with what those guys have said.

Any investment has its own risk and cannot guarantee consistent profits unlike a decent job that gives us fixed income every month. But I believe those who take the risk in leaving their jobs in exchange for investment have also their valid reason. If they have enough assets that will assure their bright future, then why not? After all, keeping a job will not make you rich overtime, but keeping an investment will create life changing progress if you work on it for long term.

[Sanitough]

If you are less risk taker, then you would always consider an investment as a side hustle. That way, you can play safely with your finances. But if you want to see your life change in an abrupt, you will never be afraid to take risk in making your side hustle as a full time endeavor. However, always know that an investment can give you life changing losses too aside from making you profitable, so think more wisely which decision will work for you.

[bluedeep]

Depending on your personal circumstances and risk tolerance, you should fully understand the bitcoin market and investment risks before making a decision.
If you already have certain experience and knowledge, are able to make effective investment decisions, and are willing to devote more time and energy to Bitcoin investment, then you can choose to invest full-time.

If you want to invest in Bitcoin, you have to take a high level of risk. If you want to make money by investing, you need to have a good idea about investing. If you want to make a profit, you have to invest in Bitcoin for a long time. If you invest in Bitcoin, you have to take some risk.Otherwise you can't profit from here.

[Nrcewker]

It is a volatile market, our life can't be the same. To some extent it is possible to adjust the life needs to the varying income. For a long means this will sure be problematic. Better is to have a stable earning job, so that things can be planned accordingly. With the earning out of bitcoin trading and other activities it can be used to make life even better. There are people who are full time into cryptocurrency trading, but through some means they've already secured to receive earnings from multiple streams.

Definitely you can’t run a family, pay bills and fulfil daily needs through trading or Bitcoin investment. Here the profits are uncertain and there are chances of even getting 0 returns. It is always advised to do a job which pays fixed salary, so that you use the money from there to run the family. Trading or investment can be treated as a second source of income, in order to add extra income to your base income, but completely relying on it, might create a problem in the future.

[SirLancelot]

    as a crypto trader sometimes, there's this question that usually comes to my mind and that is if there are people out there who are into Bitcoin investment fulltime and then if crypto currency paid me more than my current job, would I quit my job to go into Bitcoin fully?

It is obviously not a wise decision to quit your job if all you do is buy and store Bitcoins and wait for their price to increase, that is not going to give you constant earnings so that you can run your house and life with it but it is just that if the price goes up, you will be in profit. Only a person who is doing day trading should leave their job and only if they know they are earning enough from trading.

Someone who doesn't have good enough capital and doesn't buy and sell cryptocurrencies on a daily or hourly basis is not supposed to leave their job to become a full-time trader because only buying and holding Bitcoins or other cryptocurrencies won't give you enough profits.

[cydrix]

Why would you want to leave a well-paying career if you want to invest in bitcoins? How will you obtain the capital for investing? That would be a pretty bad course of action. Bitcoin investment is not a career or a side business. How is this a job when all it involves is buying bitcoins and storing them safely until they increase in value and generate a profit, just like any other investment? It is obvious that some individuals do not truly comprehend what investing is.