Can Bitcoin be a full time career for investors?

[Ludmilla_rose1995]

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.

many people think that investors don't have other businesses that can support their finances, but in fact the average successful investor is one who has a stable business and only buys investment assets with their cold money

if you follow Michael Saylor then you can see that he has a lot of investments in Bitcoin, he has used the DCA method in recent years and promised not to sell the Bitcoin that his company owns, there are many investors who do have expertise in working with their money and on average Of them, it's not just an investment as a full time source of their income

[Porfirii]

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.

many people think that investors don't have other businesses that can support their finances, but in fact the average successful investor is one who has a stable business and only buys investment assets with their cold money

if you follow Michael Saylor then you can see that he has a lot of investments in Bitcoin, he has used the DCA method in recent years and promised not to sell the Bitcoin that his company owns, there are many investors who do have expertise in working with their money and on average Of them, it's not just an investment as a full time source of their income

Hodling doesn't require much time nor effort, so why make it a full-time career when you have so much free time to do other business?

In the case of people who went all-in and can't rely on anything else but Bitcoin's success, it is irresponsible to simply sit down an hope for the best. And for those who can rely in other sources of income, like Saylor, why should they only dedicate themselves to something as simple as supervising that the DCA bot works as expected (simplifying the topic a lot, but you know, I am referring to the technical, operational part and little else), when they can hire somebody else to do it?

[darkangel11]

It can be a full time career if you have skills you're able to offer for bitcoin. Some examples worth mentioning here are bitcoin journalists, who write news for us every day, often being paid in bitcoin.
Another well known branch of the industry is mining, so if you can become a full time miner, or an employee in a mining company, you're going to build a career on bitcoin. There are many other things you could do like producing something and selling it for bitcoin, or even working for a bitcoin exchange. That said, if you're trying to build a career on holding bitcoin, don't. That doesn't have much in common with a real job.

[kawetsriyanto]

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.

How do you know this? Do you have a valid reference or do you have own research to know this? TBH, I doubt that you will have the data about the job of each investor of Bitcoin. Even many investors that never show their identities to the public. And I'm not sure if there are many people who rely on investing in Bitcoin only for their regular income, specifically for a long term holding. We all know to earn the profits will take a long time, how the Bitcoiners to fulfill their daily necessities if they need a long time to take profits? It rather doesn't make sense.

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 understand the cycle of bearish-bullish, you will know when you will do entry and exit in Bitcoin investment. Sure, we don't know how much the profits to earn in Bitcoin investment. But it doesn't mean we totally don't know whether it is profitable or not. We don't gamble in Bitcoin, we invest in Bitcoin!!

[Troytech]

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.

A lot of individuals are already relying on bitcoin as an asset that has the potential to do well over time. Investing in bitcoin doesn't need any rocket science knowledge and it's not as if you have to read ever article about bitcoin to start investing or read the whitepaper.

All you need to know is what you want to do, how to buy, and how to store then along the line you can find out the rest.

Bitcoin well beats the test of potential and has proven that through out history, bitcoin Was built in a way to ensure that's it always have value and has a limited supply that makes it even more unique than gold, meaning that they can only be a gives amount of bitcoin for everyone in the world to compete for.

There are already traders that take advantage of this price volatility to make money out of bitcoin, but when it comes to investment you would care less about price fluctuations and focus more on buying bitcoin cause that's what really matter.

[Notalony]

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.

I don't think is a good thing to take Bitcoin a full time career for investors, I think investors are those that buys Bitcoin and hold for long term which is where Bitcoin seems to be best performed, and you need to be following up your other careers for you to be able to have a good Bitcoin size buy investing consistently and holding, if you make Bitcoin your full time career how can you be able to build a good Bitcoin size and take care of your needs and also be building your Bitcoin investment, unless you are considering trading for short term profits which for me I think is risky and you will panic when Bitcoin price will be going down.

[Mayor of ogba]

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 short-term investment, so it will be difficult for you to rely on it as a full-time career if you do not have a source of income. If you only depend on bitcoin to cover your daily expenses, it will be difficult for you to achieve because the profit you will get in the short term cannot be enough to cover your expenses all the time. And sometimes you might not even sell your bitcoin fast to take a profit and solve your problems. For instance, when you buy bitcoin at a low price, you will have to wait until it goes up so that you can sell and make a profit. But unknowingly to you, bitcoin dipped below your entry price, which will delay you from selling your bitcoin quickly because you are at a loss. If you do not have another source of income, you will end up selling your bitcoin to survive, because you can not be patient enough for bitcoin to rise above your entry price.

For bitcoin to be a full-time career for you, you need to have the mindset of holding it for the long term, like 4-5 years. You also need to have a good income source that will allow you to accumulate bitcoin and also solve your daily expenses so that you will not depend on your bitcoin investment to solve them. It's easy to depend on the return from your real-life business to solve your daily expenses because it is not a long-term investment like bitcoin and the cash flow comes daily.

[CryptopreneurBrainboss]

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 a currency, we can't rely on currencies for full time job but there are other careers that revolved around a currency like being a trader that we can depend on, if you're a trader that then you can rely on that when you know you're better than being average. Investing shouldn't be a full time job for you or you'll always be restless with monitoring the market and getting upset with every little setback that shows up in the short term. If you want to be an investor you should definitely have other businesses that bring in cashflow so you can use that for sustainability. Investment money should be used for capital gains and not to be depending on them for cashflow.

You can have a full time career depending on Bitcoin related business just as everybody has a career demanding on other currency related businesses. The moment we begin to see Bitcoin as also a currency, we'll then understand Bitcoin more and know how to benefit from it. There are many ways you can make use of Bitcoin just as there are many ways in which you make use of your local fiats but Bitcoin has more benefits due to it having a decentralized borderless transaction quality and other unique quality that I don't have to mention since we're all familiar with them.

[Bravut]

No. You will end up regretting such decisions as relying on such a volatile market is highly challenging. They are other career opportunities outside Bitcoin, let us not expect much out of it. If you want a full time career in financial market being a trader is the best option but that will take time.
Investors who depend on there portfolio already have reach maturity stage, so it will take consistency, patience, sacrifice and the right knowledge before you can rely totally on your investment options. But mature investors and firm can live on Bitcoin but not a newbie or someone still in early accumulating stage.

[Catenaccio]

Bitcoin is a currency, we can't rely on currencies for full time job but there are other careers that revolved around a currency like being a trader that we can depend on, if you're a trader that then you can rely on that when you know you're better than being average. Investing shouldn't be a full time job for you or you'll always be restless with monitoring the market and getting upset with every little setback that shows up in the short term.

Bitcoin can be a currency, or only an asset for investment or a mean for trading, people can use it in many ways.

I agree that investment or trading should not be a full time job especially if a person still struggles to get income for daily expenses. Investment can help to improve an individual finance and help him or her to be richer in future, have better finance and life. However it should be an additional income resource, not a main one. It is not good to completely depend on an investment for monthly expense as it will create pressure to trade in the market, no longer investment.

[Fiasem20]

Relying on Bitcoin investment as a full time career isn't a right decision to take except you wanna trade your coin to earn on a daily basis which comes with high risk of losing or cashing out.Bitcoin investment which offer high return wouldn't be nice to rely on, investing on Bitcoin can be carried out without tampering your holding as continuous cash flow of money is coming from other source of income.

[Rustam Meraj]

Relying on Bitcoin investment as a full time career isn't a right decision to take expect you wanna trade your coin to earn on a daily basis which comes with high risk of losing or cashing out.Bitcoin investment which offer high return wouldn't be nice to rely on, investing on Bitcoin can be carried out without tampering your holding as continuous cash flow of money is coming from other source of income.

I think it is bad idea to rely only on Bitcoin investments as fulltime job unless you are ok with taking big risks and trading every day. Even then you might lose money or sell at loss. Investments that promise big returns are unpredictable and not trustworthy at all so it is not good idea to count on them for steady income. Instead of this it is better to invest in Bitcoin while having separate steady income from other sources. This way  you can hold onto your investments without feeling pressured to sell or trade too much.

[doomloop]

Relying on Bitcoin investment as a full time career isn't a right decision to take except you wanna trade your coin to earn on a daily basis which comes with high risk of losing or cashing out.Bitcoin investment which offer high return wouldn't be nice to rely on, investing on Bitcoin can be carried out without tampering your holding as continuous cash flow of money is coming from other source of income.

I agree. There are two things, one is trading and the other is investments, and those who buy and hold certain cryptocurrencies are making investments and those who buy and sell them in the short term are trading. So, if a person says that they are earning a full-time income from their Bitcoin investments, I would say they might have been doing that but that isn't sustainable or reliable because you won't be able to keep earning from that source to keep running the kitchen on your household.

So those who wish to earn a living through cryptocurrencies will need to start trading which means they will be buying and selling cryptocurrencies in the short term to get a small percentage of profit on each trade, and this shouldn't be done with just Bitcoin but it is mostly more profitable when done in altcoins.