Bitcoin investment, fulltime endeavor or side hustle?

[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.

[lalabotax]

    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?

The question is then:
1. Is your income from crypto really more than offine?
2. Can your crypto income really last long?
3. Don't you have a problem if one day your crypto income stops suddenly, or drops in a matter of hours so you might not get any earnings for a certain time?
4. What are you doing in this crypto investment, is it trading, or other work that can at least guarantee that you will always get regular income to provide for your present, future, and urgent needs?
If all of that is fulfilled, then it doesn't seem like a problem, as long as you really can accept all the risks that might happen and can anticipate them.

[stomachgrowls]

    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?

The question is then:
1. Is your income from crypto really more than offine?
2. Can your crypto income really last long?
3. Don't you have a problem if one day your crypto income stops suddenly, or drops in a matter of hours so you might not get any earnings for a certain time?
4. What are you doing in this crypto investment, is it trading, or other work that can at least guarantee that you will always get regular income to provide for your present, future, and urgent needs?
If all of that is fulfilled, then it doesn't seem like a problem, as long as you really can accept all the risks that might happen and can anticipate them.

1. If yes, then proceed and going full time but if NO, then you shouldnt quit
2. There no certainty about crypto investment or crypto space.
3. Always mind off that risks and always be considerable about back up plans because if not then youre fucked up.
4. Dont quit on your day job, invest on bitcoin and some altcoins to be hold up for long term but dont expect something from it.

It all matters on someones preference whether they could see that they could be able to sustain themselves in speaking about finances. We know that there are ones who do took a
gamble on doing full time engagement with crypto and quit up their day jobs. Well, its their choice but be sure that you should really be that able to cope up
when problems do exist.

[crunck]

   

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?

Even if it brings us high income, but with its volatility and uncertain future, it cannot be compared with traditional work. Because traditional work has a low salary, but its stability gives us security and sustainability. Why don't we take advantage and combine the two to give us the best income and the highest security? Have you ever thought about what would happen if bitcoin and the market disappeared or were no longer profitable?

[Wimex]

there are many factors that must be taken into account before making this decision, in addition to the fact that in order to invest in bitcoin and fully dedicate yourself to this, assets would be needed for this investment to grow and bear fruit, and of course there is another factor to take into account and it is that these results are not immediate, so in question you have to take alternatives to generate income and thus you can continue producing until you see progress with the investment made. For my part, I would not do it, my thinking is that the greater sources of income you have, the more feasible the reward is.

[Trouvaille]

Investing full-time requires you to devote most of your time and energy to analyzing markets and trading. Moreover, the price fluctuation of Bitcoin is unstable, and there is no guarantee that it will always be profitable.

[Bazzu]

Investing full-time requires you to devote most of your time and energy to analyzing markets and trading. Moreover, the price fluctuation of Bitcoin is unstable, and there is no guarantee that it will always be profitable.

I agree with your opinion and indeed if we rely on income from crypto investments then we will definitely continue to analyze price movements and so on.
and in my personal opinion btc investment is suitable as a side business because btc prices are very unpredictable.

but we can also invest in btc and make it our main income if we are really good at analyzing and our knowledge of crypto is very extensive or for example it is very difficult for us to get another job, then we can invest in crypto and make it main income.

[Taskford]

Investing full-time requires you to devote most of your time and energy to analyzing markets and trading. Moreover, the price fluctuation of Bitcoin is unstable, and there is no guarantee that it will always be profitable.

but we can also invest in btc and make it our main income if we are really good at analyzing and our knowledge of crypto is very extensive or for example it is very difficult for us to get another job, then we can invest in crypto and make it main income.

We can make it as our main source of income if we became an expert on this industry but if you are not consistent and your profit is not stable on crypto then you cannot expect anything for now with this. Better to make it as side hustle while you are still learning because if you think leaving your job because you are earning a few chunks. Maybe you get broke if the platform where you generate some income stops.

[topbitcoin]

I think that it is necessary to clarify regarding investment and trade, of course these are two different things in the world of finance, investment is very different from trading, so don't mix them up. People who sell and buy bitcoins every day are called traders, while people who make purchases then have holding periods such as 2 weeks, 1 month, 2 months and so on are called short-term investments.
So I guess the people who are buying and selling every day are not investors but traders, so there is no term full time investment or full time effort in investing in bitcoin. (and naturally in bitcoin trading you know profit and loss if it is done that massively every day)
Ideally bitcoin investment is done as a side or as a diversification of income from the main income.

[superman184]

Investing full-time requires you to devote most of your time and energy to analyzing markets and trading. Moreover, the price fluctuation of Bitcoin is unstable, and there is no guarantee that it will always be profitable.

I don't think you have to spend a lot of time and energy on making market analysis if the asset you want to invest in is a very well-defined asset like Bitcoin. In addition, if an investor who prefers to invest long-term in Bitcoin, I don't think the investor needs to devote all his time and energy to watch the market every day, although it would also be better if an investor could have time to watch the market every day after investing. Because in general it is part of an investor's duties when he already owns the assets he is investing in.

[taufik123]

-snip-
So I guess the people who are buying and selling every day are not investors but traders, so there is no term full time investment or full time effort in investing in bitcoin. (and naturally in bitcoin trading you know profit and loss if it is done that massively every day)
Ideally bitcoin investment is done as a side or as a diversification of income from the main income.

More precisely, Day Traders, but Investors and traders have almost the same thing in common, the only difference is the time to hold assets.
Traders are more often to make sales and purchases, taking advantage of any price fluctuations that occur.

This is indeed a part-time job that is suitable for anyone. being the main investment that provides benefits for the long term.
and about the risks that will occur, of course, there must be and it will happen to anyone.

Just choose, want to be an active trader or a trader and also a long-term investor.