Can Bitcoin be a full time career for investors?

[Bitcoin Smith]

Can Bitcoin be a only asset for an investor?

Yes, one who got capital like atleast few hundred BTC will not be having hard time making money, they can simply make few hundred dollars just of a trade if they manage to dump and buy at cheaper price.

Can Bitcoin be a job?

No, don't get fooled. Bitcoin is money so you need a job to make money and you can be an entrepreneur or an investor or just getting a salary which is irrespective of having Bitcoin. If you are in a stage that you need to make money and choosing Bitcoin as a way is risky, it's suitable for people with multiple revenue streams.

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[Y3shot]

As we all know there are many investors that doesn't work for anybody rather than relying on their businesses and investment as their full time career and as well as depend on the return on their investment for the sustainabilities. So i wish to ask if Bitcoin has the potential that investors can rely on as full time career considering the inevitable uncertainty that are involve in Bitcoin investment such as difficult in price prediction and the volatile nature of the system which may pose some kind of difficulty to have adequate
Knowledge and better understanding of the system.

You can't fully depend on bitcoin because bitcoin doesn't just generate money for people without working for money. You have to get something doing that generates steady income before you can be able to invest in bitcoin.  This is mistakes People make by investing bitcoin thinking it can generate quick money for them. The reason why you can't depend on bitcoin is because it is volatile and the price movements are unpredictable and getting profit in bitcoin investment is always possible when investment is long term. Depending on bitcoin as a career without having anything doing can be Terrible.

Get a source of income that you can always look up to, that solve your needs then invest in bitcoin,  I believe doing this you will be able to invest in bitcoin without any distraction.

[lionheart78]

I also think that Bitcoin investment can be a full-time career, but I think one has a deep pocket if one wants to pursue this kind of career.  Since Bitcoin is highly volatile, there will be times when an investor have to hodl their holdings resulting to not making a profit.  If one doesn't have a deep pocket to support his living while Bitcoin is in a bear market then this path will be a loss for investors.  To counter this kind of situation, an investor should be knowledgeable of the market and be able to identify the turning points of the market price.  This way he can take a profit in every market price transition.

Making Bitcoin investment as a full-time career isn't that easy and I think it is more advisable to diversify and look for other sources of income while taking this career path, it isn't forbidden to have side income even if one is full-time in Bitcoin investment.

[cryptoaddictchie]

Full time career and investors are two different things.

Full time career means you're need to work, you sell your time for money.

While investors, you didn't need to work because you can earn capital gains from your investment.

If you mean "can someone become a full time trader?" I will answer yes, but it's maybe 1/10000000 people can do that because not all people can trade consistently have a good amount of money.

Well maybe OP just cross word his title. For sure he meant is if bitcoin trading and investing could be an alternate for a job like 9 to 5pm work. Best answer is it can be as long you can sustained or able to generate profit and consistent income even not big but able to get on par with people with salary on a job. I think mamy are doing this and relying on trading and short time investment as profit but these people are risk taker like no other else.

[Odusko]

As we all know there are many investors that doesn't work for anybody rather than relying on their businesses and investment as their full time career and as well as depend on the return on their investment for the sustainabilities. So i wish to ask if Bitcoin has the potential that investors can rely on as full time career considering the inevitable uncertainty that are involve in Bitcoin investment such as difficult in price prediction and the volatile nature of the system which may pose some kind of difficulty to have adequate
Knowledge and better understanding of the system.

Since you mentioned career part in bitcoin then I believe that you already know the long term perspective in bitcoin investment since taking it as a career part will amount to having to wait for long time and being ready to follow every possible and available step's to arrive at a position that could be near sustainable for you as an individual to call it a career position.
It is not as if it is not possible to take bitcoin as a career part since bitcoin could offer us financial freedom and stability and it investment also open us up to alot of discovering and knowledge building, this could last us a life life long.

[freedomgo]

So i wish to ask if Bitcoin has the potential that investors can rely on as full time career considering the inevitable uncertainty that are involve in Bitcoin investment such as difficult in price prediction and the volatile nature of the system which may pose some kind of difficulty to have adequate
Knowledge and better understanding of the system.

It's possible, but you need to understand that such may not be as immediately as you invest in bitcoin, this would have taken time to make your investment mature and earn profit before you can rely on it for more profitable income, though as you have already said, it's a volatile market, you can't expect it to be always pumping without dumping as well, learning a good marketing skills like trading is another means we can earn from it even daily, Bitcoin comes with diverse opportunities for it's investors only if and when they were able to identify one.

Yes, it’s possible but it also brings high risks as well. You can’t just invest and set a fixed amount of profits every time, that’s highly impossible for bitcoin. But due to its high volatility, people end up surprised with massive profits more than from their expectations, most especially if they are holding good amount of bitcoin at a long duration.

Also, if you invest in bitcoin with high knowledge and understanding on how the market works, with long years of experience investing or trading in the market, that will also make you eligible to gain consistent profits, to the extent of making bitcoin as a lifetime career despite of its high risks and volatility.

[Bd officer]

It can be very difficult for you to make a career out of investing in Bitcoin. Because you bought Bitcoin at a high price now you need emergency money if the Bitcoin goes down much from the purchase price then you have to sell the Bitcoin at a loss. So it is best to build your career first by doing business or job. It is best if you invest some amount of money in bitcoins besides doing business or job.

Many say invest what you can afford to lose, so you too save some money after paying household expenses from your job or business and invest some bitcoins. Yes I have heard of many people who are able to make a living by trading, because they have enough capital and become professional traders. If you also want to build a career in trading then you need to be a professional trader and have enough capital. According to me it would be better to build a career in business or job.

[rodskee]

As we all know there are many investors that doesn't work for anybody rather than relying on their businesses and investment as their full time career and as well as depend on the return on their investment for the sustainabilities. So i wish to ask if Bitcoin has the potential that investors can rely on as full time career considering the inevitable uncertainty that are involve in Bitcoin investment such as difficult in price prediction and the volatile nature of the system which may pose some kind of difficulty to have adequate
Knowledge and better understanding of the system.

If you are talking about investment or at least Holding then Am not sure if this is reliable
considering the volatility and the 4 year cycle in which mostly the good movement of the price
favoring its holders , but if you are talking about Trading in which I don't think there are one
that solely using bitcoin as trading material  instead majority are using different cryptocurrencies
for many chances of gaining. , but why are you asking? planning to be bitcoin investors , if does
try not to leave your dayjob unless you are 1000% sure of your decision..

[Sebas.tian]

I think, you know that Bitcoin investment is different from other businesses, you can invest today and start achieving income from your business but Bitcoin investment use to take a long time before you can get what you want from the investment, because investors use to sell their Bitcoin every bullish season and it use to happen every four years some time. If you want to take Bitcoin investment as full time job nothing wrong about your decision but you need to understand how the investment works before making your final decision, because there are some bearish season that use to take a long years and all you have to do at the moment is to continue your holding till the bullish season appear before you can sell to achieve your target. You can be doing other work or business are still invest in Bitcoin without you become a full time job in Bitcoin investment, because it will help you not to sell your Bitcoin on time because you have other sources of income that is sustaining you to be able to hold your Bitcoin for long.

[Pandu Geddon]

I think, you know that Bitcoin investment is different from other businesses, you can invest today and start achieving income from your business but Bitcoin investment use to take a long time before you can get what you want from the investment, because investors use to sell their Bitcoin every bullish season and it use to happen every four years some time. If you want to take Bitcoin investment as full time job nothing wrong about your decision but you need to understand how the investment works before making your final decision, because there are some bearish season that use to take a long years and all you have to do at the moment is to continue your holding till the bullish season appear before you can sell to achieve your target. You can be doing other work or business are still invest in Bitcoin without you become a full time job in Bitcoin investment, because it will help you not to sell your Bitcoin on time because you have other sources of income that is sustaining you to be able to hold your Bitcoin for long.

You are right, it might not be good enough if an investor makes Bitcoin his full career because when he experiences financial problems, it will disrupt his investment plans. Such a situation can occur even if you are forced to sell your Bitcoin when the price is falling.
even though it is spare money that we can use in urgent times. But as much as possible, avoid changing your investment plans. Anyone who invests wants a profit. and I think any investment would be better for allocating the extra funds we have. not a job where we expect profits to meet our needs.

[arjunmujay]

As we all know there are many investors that doesn't work for anybody rather than relying on their businesses and investment as their full time career and as well as depend on the return on their investment for the sustainabilities. So i wish to ask if Bitcoin has the potential that investors can rely on as full time career considering the inevitable uncertainty that are involve in Bitcoin investment such as difficult in price prediction and the volatile nature of the system which may pose some kind of difficulty to have adequate
Knowledge and better understanding of the system.

First, differentiate between what is a career and what is an investment.
You won't be able to invest well if you don't have a career. So your career remains the main thing to earn money, and later you can invest some of this money, one of which is in Bitcoin.

Also understand the concept of good investment. Don't do it because when you see Bitcoin is in a bull run and lots of people are talking about it, you become interested and want to put all your money here. That's something I feel is wrong.

with income from your career, first differentiate between
1. basic needs
2. emergency fund
3. reserve funds
4. investment funds

If you don't share it, your investment portfolio will be messed up.

[KiaKia]

Come to my country, many investors solely rely on Bitcoin to survive, they are big risk takers and they don't have anything else that's bringing them money.

It is doable if you aren't scared of the risks involve, there will be good and bad times, but if you can make money enough to cover all your expenses and bills then you will be fine.

This days there are many online jobs that are paying in Bitcoin, you join them you start making money, also consider investment too, could be short term or mid, you will always have enough time to learn lots of stuff, a lonely mind have enough room for self improvement, this is why I am so into crypto and Bitcoin investment.

Mind you, there is nothing stopping me to have other side business offline too, since I have a partner that can manage the offline business for me, no source of income is too much if you can handle them.

[moneystery]

it may be very difficult for an investor to be able to rely entirely on bitcoin for their investment. because the value of bitcoin is unstable at any time a person's investment in it can rise or fall quickly. so if investors want to secure their portfolio, then they need to verify their investments and not fully rely on just one type of instrument, unless they intend to gamble on that instrument in order to make a profit, then that is a different thing.

[Crypto Library]

As we all know there are many investors that doesn't work for anybody rather than relying on their businesses and investment as their full time career and as well as depend on the return on their investment for the sustainabilities. So i wish to ask if Bitcoin has the potential that investors can rely on as full time career considering the inevitable uncertainty that are involve in Bitcoin investment such as difficult in price prediction and the volatile nature of the system which may pose some kind of difficulty to have adequate
Knowledge and better understanding of the system.

Why not it is possible, except the long-term investing, But you have to have the proper knowledge of trading like fundamental analysis to technical analysis and it is not that easy how we think in the beginning.
And besides, you have to assume that if you want to trade, you may have to face loss, even you know at a lot. So it will also takes risk even you know how to do analysis. And the next step is you have to be afford a good amount of funds which you can which you can afford to lose I mean with out that fund you can live your life without any issues. But there is a plus point for bitcoin is it don't brings losses if you can hold it.

[Razmirraz]

it may be very difficult for an investor to be able to rely entirely on bitcoin for their investment. because the value of bitcoin is unstable at any time a person's investment in it can rise or fall quickly. so if investors want to secure their portfolio, then they need to verify their investments and not fully rely on just one type of instrument, unless they intend to gamble on that instrument in order to make a profit, then that is a different thing.

It can still be done as long as investors have income from other sources. Relying on Bitcoin can provide maximum results if you are able to hold it for the long term. Investors can use the DCA strategy if they want to rely on Bitcoin as their main investment. Fluctuation is still one of the most frequent risks in Bitcoin investment, this risk can be overcome as long as investors do not rush to sell it or in other words the money invested in Bitcoin must not be used for other needs.

[DaNNy001]

As we all know there are many investors that doesn't work for anybody rather than relying on their businesses and investment as their full time career and as well as depend on the return on their investment for the sustainabilities. So i wish to ask if Bitcoin has the potential that investors can rely on as full time career considering the inevitable uncertainty that are involve in Bitcoin investment such as difficult in price prediction and the volatile nature of the system which may pose some kind of difficulty to have adequate
Knowledge and better understanding of the system.

First of all, I don't see why one would rely on Bitcoin transaction for them to make profits from it because Bitcoin isn't actually a get rich scheme, I believe the reason why people do hold Bitcoin for long it's actually because they want extra profits from it but from another instance if the person is a whale then selling Little profits untop the investments can be used for daily or weekly bill but that too depends on the season either the bear or bull.

[lalabotax]

Ah, that could happen. but with a note:
- You already have passive income whose status is quite consistent and permanent. So it will still provide money for you even without working.
- You really have enough money when the market goes wrong.
and if you have handled everything and there are no problems whatsoever, and you can produce even more, then it won't be a problem. It depends on the position of each individual. But for beginners, I really don't recommend doing this, without serious preparation.

[Viscore]

It can be one of their business/investments long-term but it it can possible they will let go of Bitcoin for other investment opportunities. This is just my opinion but the fact that we can't assure Bitcoin investment could be long-term and still profitable, it was hard to rely on this. Of course, for now, since it was obviously profitable but can be sure in the coming years.

That is why investors don't just have a single investment but many and this is because they are not reliant on a single investment in order to ensure that there is always backup. If there is a sudden collapse in other investments, they are still able to survive.

It’s risky to think when you only rely for bitcoin for your single means of survival. The unpredictable market itself will add more to its risk which makes it really hard to focus only on bitcoin for a full time job. Although a lot are actually successful with bitcoin, but we also don’t know how hard and risky their experiences were, before they reach their current position now.

It’s always better to have multi sources of investments that generates multiple profits, rather than just sticking for bitcoin where profits do not come fixed and certain.

[Hewlet]

As we all know there are many investors that doesn't work for anybody rather than relying on their businesses and investment as their full time career and as well as depend on the return on their investment for the sustainabilities. So i wish to ask if Bitcoin has the potential that investors can rely on as full time career considering the inevitable uncertainty that are involve in Bitcoin investment such as difficult in price prediction and the volatile nature of the system which may pose some kind of difficulty to have adequate
Knowledge and better understanding of the system.

it depends on the angle you're looking at it from. Bitcoin primarily wasn't supposed to become a means to a financial end but due to it volatile nature, it's now the case that traders and investors are now able to leverage on the volatile nature of Bitcoin to becoming wealthy and then it becomes possible that someone can now do crypto for a living.

Personally, I don't think it's right to focus all your resource in crypto, most especially if you're just an investor and you've got all the time to focus on other business or investment opportunity that can also fetch you real Money. Bitcoin investments should basically be a long term investment while you do your regular jobs that's going to keep your expenses in check.

[Wakate]

As we all know there are many investors that doesn't work for anybody rather than relying on their businesses and investment as their full time career and as well as depend on the return on their investment for the sustainabilities. So i wish to ask if Bitcoin has the potential that investors can rely on as full time career considering the inevitable uncertainty that are involve in Bitcoin investment such as difficult in price prediction and the volatile nature of the system which may pose some kind of difficulty to have adequate
Knowledge and better understanding of the system.

Bitcoin is not a career so I don't know how you intend to take Bitcoin as a career. Bitcoin is just a single coin in the entire cryptocurrency market and there are other aspects of crypto one need to learn and understand to make money in the market. Crypto is versatile and as time goes on, new opportunity and innovations keeps coming to light. Once van trade Bitcoin and make money from it not just investing and holding your money for it to appreciate for a better and bigger reward. Cryptocurrency is versatile and we can't even learn all the whole aspects but to concentrate on areas that would help us to earn more in the market.