Bitcoin investment, fulltime endeavor or side hustle?

[Luzin]

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.

I haven't heard of any of my friends working full time in Bitcoin. Whether it's trading or developer or something else. Right now all my friends have other main jobs outside of Bitcoin. So if I conclude, investment is not enough to provide certainty of income so this investment should be used to benefit additional work. Working to provide labor services is currently the main choice because they will get definite money in the week or monthly.

[Vinaa77]

would I quit my job to go into Bitcoin fully?

To be honest it's not necessary to do even I don't think it's very effective to leave your main job and go into Bitcoin completely, because Bitcoin is not very demanding of this, you should be able to focus both which is where you must be determined to do the main work as well as half the time to look at your Bitcoin, but it also comes down to your own decision.

[bussybuddy]

I sometimes wonder if I should quit my current job to focus on trading full-time. Times like these are very difficult, and I can't think of much, but I continue with my work. From the beginning, when I joined this part-time job, I only thought of earning extra income, not intending to work full-time. While it's true that sometimes the job pays more than a month's salary, I find having a stable main job is better than working full time in this risky market. Just like you can't be sure that your win rate will be 100 percent,

[tjtonmoy]

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

Opportunities are so hard to come by nowadays. The competition is so high. Considering the fact that bitcoin investment is a long term plan, you can not just quit your job to join it as a full-time hustle. The statement is 100% accurate on increasing your capital of investment if you keep your job. Your job will give you a steady flow of money, from which you can always create a budget to save every month or invest that into bitcoin. Even if you take the approach with DCA, in the long run it will also give you a great profit. Why lose one in order to get the other when you can have the both and both will give you great feedback.

[South Park]

    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?

You are using the terms investing and trading as interchangeable terms when this is not correct, being an investor and being a trader is very different, becoming a bitcoin investor is a very relaxed activity and even if you profited greatly from it, this is an activity that at most will take you a few minutes each day, and as such it will give you time to have a different job if you want it, trading on the other hand is way more intensive, as it requires that you watch the markets for hours and it is unlikely you will be able to keep it as a side hustle for long.

[Lantind]

would I quit my job to go into Bitcoin fully?

So far and some who are in Bitcoin rarely do full time / full time for Bitcoin, our advice is that you can still do both, your main job I think is very important, and the rest of the time I think you can use it to control your Bitcoin.

[Bitcoin_people]

There are many people in this world who cannot support their family by working. They trade bitcoins in their free time to overcome these financial problems and earn profits. There are many people who see Bitcoin as their source of employment. But you would never quit your job to invest in Bitcoin, it's not a good comment for you.
If you are investing in bitcoins then you must be patient as the market has a lot of volatility so you can never be sure what will happen. If you have saved money in your spare time without trading in Bitcoin, invest that savings in Bitcoin for the long term. and you must be careful about investing when the market price of Bitcoin is in a downward position. and hold the investment for a long time then you can get good amount of profit from Bitcoin in future.

[Dr.Bitcoin_Strange]

In some situations, it is very clear that one has the choice to act quickly rather than waste time on whatever they are doing. In the case of Bitcoin trading or investment as a side hustle or real job, the person is supposed to know which of the two is more rewarding, which of them is more significant and sustainable, etc. From there, they can choose which part to go with.

For example, if I am steadily making about $1k or more every month from my Bitcoin investment, either trading or investing, and I am also receiving a salary of $500 in my real job, I will have to contemplate the two and see which one is more consistent, then go for that one alone. But Bitcoin investment doesn't take your time or require you to go to any office; you can do all your things at home. So, if you feel you are very capable of handling your job and the Bitcoin investment both, then you are sure to benefit from two sources of income, but if you can't handle both, then you have to go for the one that you have tested and proven to be more consistent, realizable, and beneficial to you.

There is this proverb about "killing two birds with one stone." If you are that guy who can kill two birds with one stone, then kudos to you.

[CryptoBuds]

    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?

You are using the terms investing and trading as interchangeable terms when this is not correct, being an investor and being a trader is very different, becoming a bitcoin investor is a very relaxed activity and even if you profited greatly from it, this is an activity that at most will take you a few minutes each day, and as such it will give you time to have a different job if you want it, trading on the other hand is way more intensive, as it requires that you watch the markets for hours and it is unlikely you will be able to keep it as a side hustle for long.

But whether investing or trading in bitcoin, nothing is as secure as an outside job. So it will be a wrong decision if you quit your job to devote all your time to this market, whether you choose to trade or invest. Long-term investing has more advantages because we have more time to do other things, but if you choose to trade, it will not be too much of a problem as long as you know how to organize your time properly.
Just like I am also trading forex, I don't need to watch the market all day, and I just like to trade when there is an American session. Because then the market is more volatile and trading will be easier to make a profit.

[ethereumhunter]

would I quit my job to go into Bitcoin fully?

So far and some who are in Bitcoin rarely do full time / full time for Bitcoin, our advice is that you can still do both, your main job I think is very important, and the rest of the time I think you can use it to control your Bitcoin.

Indeed, that is a good advice for him. It's better not to quit his job if he can work what he's doing in Bitcoin part-time to earn more money. He can also prepare his investment for the future and I think it can also help him to have extra money if he has important needs that must be met. Be patient for a while until you collect bitcoins so that when the price of bitcoins goes up high, he can sell them and make a big profit.

[tokentitan]

    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?

Since bitcoin or crypto is highly volatile one should always have a full time job based on fiat currency and keep crypto as a side hustle. This is the first thing taught in Risk Management by Crypto mentors.

[Marvell1]

...

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.

If they are well prepared, even if they don't make money by focusing on bitcoin full time but can still live a life like everyone else, then that decision is completely justified. But I'm afraid there won't be as many people as you say. Those who are looking to quit outside jobs to spend all their time in bitcoin is because they become greedy when they see the profits that bitcoin brings and think that making money from bitcoin is too easy. They want to focus entirely on bitcoin to make a quick buck and maybe retire early. I've met a few people with that mindset, and most of them failed and went back to their old jobs.

[demonica]

It depends on the situation. If you're earning enough in Bitcoin investment where it can manage your expenses and even allows you to save for the future, then you can consider it as your fulltime. Why work another job when it's giving you more? Also, if Bitcoin or crypto in general is taking most of your time where you don't think you can afford to work another job anymore, then make it your fulltime. But if you can still work another job and your Bitcoin investment isn't enough to sustain your needs and expenses, then use that opportunity to earn more by having a job and a side hustle. Your investment can be your passive income while you earn another income by working. We don't know how long can your investment be in a good position so it's better to have a stable job where it can give you a stable source of income.

[romero121]

Rather than going full time, it is good to spend dedicated time. This increase the chance of earning better as well as know better about cryptocurrency market. When one have got a job that pays regularly will lower the pressure of earning through the cryptomarket. When you depend completely on the cryptomarket, sometimes scenario might not favour to earn good. This can affect the living standard. Prioritising it as a side income will let one make some earning as well as reinvest the earning. Such practice will let you have better earning streams.

[Sakanwa]

Quitting my job depends on the type of job I'm doing currently and there are possibilities that if I find something more profitable and less time demanding, then I wouldn't have to stress myself over some casual jobs which means that I can give up my job if crypto trading becomes more profitable and if I become stable but having a second thought, I think there is no need giving up my job if doing the both jobs doesn't affect me at least directly and there is a saying that we should always have multiple streams of income so doing my regular job along with trading wouldn't be a bad idea provided they don't cause any harm mentally on me.

I will personally love to got into trading full time but that will depend on how much capital I have and if I'm to start trading on a small basics then it will have to be a side hussle to give me room to raise more capital till I get balance in trading

[bitzizzix]

Having a job and also a fixed salary that will be received every month is a choice that must be prioritized besides investment or a side job, because this is a definite income.
In addition, you must have the capital to invest and make investments that don't interfere with your work, because you can do it while working and also in your free time, especially for making long-term investments.
both can be done depending on your wisdom in allocating time which I don't think long term investing takes a lot of time, and you just have to look at the market or your coin any time and only take the time to buy when the price goes down and then hodl.
and i do both because i need capital every month to buy bitcoins from my remaining salary because i do DCA and buy every month after getting my salary from my job, and it's all for the long term.

[AnonBitCoiner]

Although doing a job is difficult for some people but it has a constant value for you which you will get after each month. I will never quite my job for bitcoin investment because bitcoin doesn't guarantee maximum return always but it can also be a cause of one's failure.

Bitcoin investment doesn't effect your job so you can be a part of bitcoin investment and continue your job as well but never make bitcoin as a single source of getting money.

[kaseygriffin]

It is better to work part time than to focus on bitcoin full time. You will have less money pressure when focusing on working full time with bitcoin, but you will face great pressure to make a monthly profit. Pressure makes you misjudge yourself and can knock you down at any moment. Your quality of life will then go down drastically. It's still better to prioritize part-time work as a side job. Earning money from it and reinvesting it will help increase your income even more.

[suzanne5223]

It is better to work part time than to focus on bitcoin full time. You will have less money pressure when focusing on working full time with bitcoin, but you will face great pressure to make a monthly profit. Pressure makes you misjudge yourself and can knock you down at any moment. Your quality of life will then go down drastically. It's still better to prioritize part-time work as a side job. Earning money from it and reinvesting it will help increase your income even more.

You have a point but every thing depend on your personal self and the issue surrounding both the BTC trading and your real-life job. We have crypto traders that quit their job to focus on Bitcoin because they believe they have reached the peak of doing well with only cryptocurrency job.
The OP keep his job while set a target because sooner or later if he don't quit his job he maybe sack. What I believe is important is knowing what he's doing investing in BTC and developing another skill that will fetch him money rather than crypto trading that's unpredictable.
After achieving a good investment, skills, and reaching the peak of his target he can then quit his job.

[Magic-Money]

Bitcoin investment is about information, which early investors of Bitcoin made a lot of profits, which the journey of Bitcoin has not even started, because Bitcoin price in the near future is going to be unbelievable, talk about side hustle is just looking for money from hand to mount money as a daily feeding, which can not buy expensive assets, but Bitcoin investment is a patient business that requires time and more profitable in future for financial freedom.