People dumping crypto for real work

[jaberwock]

Going back to real work because crypto is not running up against their expectations... They wanted btc price hitting $200k on a twinkling but that is not always the case with bitcoin. It doesn't react positively just as it is suppose to.

Traders are not feeling any disappointment so far because whether at bull or bear, the situation is either up and down volatility. However, the price correction may hit the market anytime soon.

The decision is right. Crypto is uncertain anyways but they still did the bad choice before if they dump their work only to pursue their crypto career. Even though BTC had touched $100k already, $200k is still far away from it even though people also teamed their expectation with hard work, you know that they will also buy more Bitcoins and HODL it strongly. I heard that BTC experienced a stableness lately. So traders can also suffer just like the former (investors).

Price is dumped already for quite a long time now, so I don't expect another or more correction but instead, the price should recover now or later on. It can bring back hope but people should be more careful now this time.

[Josefjix]

In all of these, I have nowhere to go because I will do everything to make the most from this market. As I am back to my pre-market trading vibe, at least I saw around $115 in $NIL, $RED, and ANLOG combined. My next pre-market move is on $BABY, as it has the potential I see in a project like focusing on Bitcoin staking and securing decentralized networks through self-custodial methods. I will advise you to DYOR, as this is just my take.

Let me see the source of this project if I could join in and make some research before I jump into the opportunity, the fact that the project is trying to do something unique providing liquidity with Bitcoin staking which is something the whole decentralized finance haven't commence before. So BABY is the native token used to run through the ecosystem.

[Dr.Bitcoin_Strange]

First, even if someone is into crypto investing, they don't have to keep it as their only source of income because crypto don't even require them to be fully available 24 hours a day, that means that even if you are an investor or a trader you can still have a real job and still be doing your investment. Secondly, even if Harris was the candidate that won the US election, no body knows what would have even happen, probably it would have been worse than this because Kamala is not a Bitcoin friendly person.

Having a real job before going into crypto investment is a nice decision, it will make you comfortable with any plan you want to follow in your crypto investment. Dumping crypto for real job or work for a while is a good decision because you can save some money that will make you to come back to crypto investment without quitting the work you are doing.

I guess is too early to conclude that Trump disappointed crypto users, we know that Trump like crypto investment ,and he promised during his campaign that there will be improvement  in crypto investment when he finally chose the crypto for their reserve.

One must not just rely on crypto as your only source of income, if you don't rely on it, then you would not have to dump it later on when things get some unfair. The only reason why I think someone can dump real job for crypto is if they are getting enough revenue from crypto and if the revenue is huge, they can create another source of income for themselves and from there they can think of quick their job but that should even happen if they see that they can no longer manage all their investment and the job or that they can no longer bear the work stress too. For example, I have the intention to quit my job but that will happen only if I have extended my business to 5 extra branch.

[uneng]

Is Trump the downfall of cryptocurrency? I heard this on X by a popular influencer some days ago, as he was lamenting and wishing Kamala Harris should have become the US president.

Trump was good for Bitcoin to hit its most recent ATH. Of course there was a lot of speculation going on, and always we see BTC rising a lot in short periods of time, it also falls on the same intension right after. Great expectations were created regards Trump through marketing, which has a deep impact over the average investors, although little effect it has over whales speculators.

So what happened is that since the moment BTC was hyped, speculators already knew Trump wasn't going to correspond to the expectations. They just rode the bandwagon for quick profits, aware that a correction should come in the sequence.

The pro Bitcoin Trump's fallacy is over, but it doesn't mean the downfall of crypto market. This industry has existed since before Trump, therefore it's not right to think he is a decisive personality for crypto's success. The thing is that we are at the edge of a cycle change, from bullish to bearish, and that isn't due to Trump or anybody else, rather it's a natural movement of the market.

[Yoona_As]

Generally, when investing in crypto, you have to take proper planned steps and you have to be patient in investing and make the investment long-term, then you will be able to do something good. Moreover, when your financial condition is good, you will be able to build a beautiful business for yourself and you will be able to continue your business, at the same time, your interest in investing will increase and there will be no risk in you in investing.

[Bournesparks]

Is Trump the downfall of cryptocurrency? I heard this on X by a popular influencer some days ago, as he was lamenting and wishing Kamala Harris should have become the US president.

Everyone is just confused in one way or another, but in my own view, these people have higher expectations of Trump than he has for himself. I think most of them expect to see massive gains, like BTC entering $200,000 immediately, which is impossible. Because in this space, there should always be a plan B. But funny enough, most of them are now back to their real work after predicting BTC to reach 40k.

In all of these, I have nowhere to go because I will do everything to make the most from this market. As I am back to my pre-market trading vibe, at least I saw around $115 in $NIL, $RED, and ANLOG combined. My next pre-market move is on $BABY, as it has the potential I see in a project like focusing on Bitcoin staking and securing decentralized networks through self-custodial methods. I will advise you to DYOR, as this is just my take.
[/quote
This year has been upside down especially for traders. Didn't think trump could manipulate the market or is this normal? Most of my alts are down, now I use giveaway, bounties to keep up.. I've been looking at Babylon myself and the fact that it allows you stake BTC without conversion is the selling point for me.
Came across that also as listing approaches, they posted it in their page, you may consider it.

[Olamidetechie]

In all of these, I have nowhere to go because I will do everything to make the most from this market. As I am back to my pre-market trading vibe, at least I saw around $115 in $NIL, $RED, and ANLOG combined. My next pre-market move is on $BABY, as it has the potential I see in a project like focusing on Bitcoin staking and securing decentralized networks through self-custodial methods. I will advise you to DYOR, as this is just my take.

Let me see the source of this project if I could join in and make some research before I jump into the opportunity, the fact that the project is trying to do something unique providing liquidity with Bitcoin staking which is something the whole decentralized finance haven't commence before. So BABY is the native token used to run through the ecosystem.

Actually sending the whitepaper details here will be too bulky so I will advise you go to the exchange to check more details on it before it gets listed and you will benefit,  and like I said please always DYOR

[Bushdark]

We should not expect too much from Trump because he is not really interested in crypto but only pave his way through cryptocurrency so that more people will support him and make him win the election. We had successfully voted him and now the market has been ranging for a long time now. We are going to see more ranging market soon as we hope for the best to come. Is like this time, the manipulation innthe crypto market is becoming worse than what we have seen in the past. The market is becoming very hard to predict now and we don't know what could happen next. Let's see how e everything will play out as time goes on.

[WatChe]

One must not just rely on crypto as your only source of income, if you don't rely on it, then you would not have to dump it later on when things get some unfair. The only reason why I think someone can dump real job for crypto is if they are getting enough revenue from crypto and if the revenue is huge, they can create another source of income for themselves and from there they can think of quick their job but that should even happen if they see that they can no longer manage all their investment and the job or that they can no longer bear the work stress too. For example, I have the intention to quit my job but that will happen only if I have extended my business to 5 extra branch.

When I was doing stock trading, I came to know that there are people who solely rely on stock for daily living. Likewise there might be people in crypto that rely solely on crypto for there daily living. I do a job but I am not confident enough to quit my job and move to cypto space to meet my expenses. To me crypto is a side business which is best for long term investment if you are investing in Bitcoin, for short term one can choose alts. It's advisable for most of us that never quit your job or business for crpyto because not all of us can handle it with perfection. You must have a backup plan if you are coming to crypto because there are heavy chances that our investment might struck for months.

[coin-investor]

Is Trump the downfall of cryptocurrency? I heard this on X by a popular influencer some days ago, as he was lamenting and wishing Kamala Harris should have become the US president.

Everyone is just confused in one way or another, but in my own view, these people have higher expectations of Trump than he has for himself. I think most of them expect to see massive gains, like BTC entering $200,000 immediately, which is impossible.

You did not mention the name of the influencer for us to see if he is a supporter of Kamala Harris but in terms of cryptocurrency, we are in a better position now that Trump is the president, as Kamala will only continue Biden's position on cryptocurrency, which is suppressive and restrictive to Bitcoin adoption.
Trump may have a lot of controversial decision that affect the economy of many nations this is because of his America first policy, but only time can tell if many of his decisions are all correct; so far, we are good in cryptocurrency community with Trump as the US president.

[moneystery]

from the way you talk about how people are starting to dump crypto for real work to shilling those shitcoins it's just pretty smooth sailing.

but over-expecting something is not good. we need to think more rationally and logically because the crypto market is uncertain and individual expectations of one thing can be different in reality. don't be too confident or just follow trends or idolize someone's promises to the crypto world without a mature plan. all of that must be thought through carefully, don't just put all your money into cryptocurrency investments without proper preparation and understanding of the risks.

[gunhell16]

Is Trump the downfall of cryptocurrency? I heard this on X by a popular influencer some days ago, as he was lamenting and wishing Kamala Harris should have become the US president.

Everyone is just confused in one way or another, but in my own view, these people have higher expectations of Trump than he has for himself. I think most of them expect to see massive gains, like BTC entering $200,000 immediately, which is impossible. Because in this space, there should always be a plan B. But funny enough, most of them are now back to their real work after predicting BTC to reach 40k.

In all of these, I have nowhere to go because I will do everything to make the most from this market. As I am back to my pre-market trading vibe, at least I saw around $115 in $NIL, $RED, and ANLOG combined. My next pre-market move is on $BABY, as it has the potential I see in a project like focusing on Bitcoin staking and securing decentralized networks through self-custodial methods. I will advise you to DYOR, as this is just my take.

First of all, it is not impossible for bitcoin to reach its 200k$ price in the market, right? Before, many did not believe that bitcoin would reach 100k$ each, but what happened was unexpected
and very negative for bitcoin.

Then, until now, many still believe in Trump and what he can do for bitcoin or this industry. Although, at least because of Trump, he still has some involvement in why the price value of bitcoin is in correction at the moment. Especially when it happened 2 days ago that the price in the stock market fell too much because of the tariff, but bitcoin was not affected that much.

[pooya87]

Is Trump the downfall of cryptocurrency? I heard this on X by a popular influencer some days ago, as he was lamenting and wishing Kamala Harris should have become the US president.

The worsening situation that US is in has been a trend and it doesn't matter which idiots is installed into office. At the end of the day decades of abuse of power, genocide, support of terrorism, etc. has taken a toll on this colony.

I think most of them expect to see massive gains, like BTC entering $200,000 immediately, which is impossible. Because in this space, there should always be a plan B. But funny enough, most of them are now back to their real work after predicting BTC to reach 40k.

Such people who say $200k one day and $40k the other are emotional guessers instead of logical speculators!

BTW reaching $200k in a short time (2-3 weeks) is not impossible and bitcoin has had such rises in the past. The problem is that with the global economy entering recession about 3 years ago and that recession getting worse every year, people don't have enough money to put into bitcoin so the rises slow down.

The situation with altcoins have not changed though. They still lack real utility so they have no potential and remain pump and dump schemes. Trump is not going to change that even if he advertises them directly

[DanWalker]

First, even if someone is into crypto investing, they don't have to keep it as their only source of income because crypto don't even require them to be fully available 24 hours a day, that means that even if you are an investor or a trader you can still have a real job and still be doing your investment.

No matter how much profit cryptocurrency investment brings us, it should not be considered a primary source of income because of its uncertainty. It would be unwise to consider crypto speculation as our main and only source of income.

Secondly, even if Harris was the candidate that won the US election, no body knows what would have even happen, probably it would have been worse than this because Kamala is not a Bitcoin friendly person.

Biden is not crypto friendly either, but we have had bitcoin ETFs and ATHs under him. So if the president is Harris, things may not be better but they are not necessarily worse because under the Democrats, there will be no trade war. That means the economy wouldn't be in the miserable state it is in now, and bitcoin and stocks wouldn't be dumped hard.

But in return, under Harris, we will not see a strategic bitcoin reserve, although this also does not make much sense for the market because it cannot boost the price of bitcoin. While the thing that people only care about is price, nothing else. 

[Akbarkoe]

Bitcoin is coping remarkably well with all the tariff FUD. Equities are plunging every day but Bitcoin is doing OK at the moment. Obviously that could change but we do not need to panic. Vietnam & Cambodia are already bending the knee & conceding dominancy to Trump. We might not like it but Trump will get what he wants. Bitcoin needs to stay around this range & when this tariff stuff blows over we should have the bull run we desire. 

The stock market did plummet and bitcoin had quite a correction but is still above $80k while altcoins did have a price drop of more than 60% from the ATH made last month this shows that indeed the influence of trump or trade wars and political geol also contributed to the correction of the crypto market today.

Some countries are retaliating for Trump's tariffs but some of them are also free and do not react to anything, this is related to Trump who wants to improve his country's position back as a producer country to absorb a lot of labor and things like this they have to do so that their domestic products get the game back from the local community and increase production.

[sunsilk]

Going back to real work because crypto is not running up against their expectations... They wanted btc price hitting $200k on a twinkling but that is not always the case with bitcoin. It doesn't react positively just as it is suppose to.

To be honest, this isn't the first time to see this transition happen. Every bull run, there's the trend that people quit their jobs because of how much they have made from crypto.

And then, when the bull run ends, we see that meme of the guy who wears a McDonald's hat and quits crypto while going back to the real-world jobs.

Reality always beats expectations. We don't come to work knowing that it will be easy, and most of us think about crypto like that

That's the fact with the reality that we have to face. We knew that going to work is not easy at all.

And when it comes to crypto matters, we think that it will be easier, but no. Those who have decided to get straight into crypto with whatever means they've discovered are taking a risk.

The expectations are quite high from those but then, they're all going to meet the reality.

[passwordnow]

Is Trump the downfall of cryptocurrency? I heard this on X by a popular influencer some days ago, as he was lamenting and wishing Kamala Harris should have become the US president.

Everyone really looks for someone to blame for. When the pre-Trump presidency was there, everyone rejoiced because the market was making rounds and did hit a new ATH. Now that it isn't stable at the peak, everyone is looking for him as someone that didn't helped the market out reached the highest.

That's how human beings behave. Have something go their way, they will praise you for that. Let the same thing they praise you for going in the wrong direction. They will criticize you badly for that. Forgetting what you have done in the past, of how you brought about positive change.

However, Trump can't please everyone at the same time, he knows whatever actions he takes, people will have something to say. I know that he doesn't give a shit about what people say about him because his mind is to make America great again. Whoever has a good or bad opinion about him should keep it to himself or herself because he can't change Trump's plans for US citizens, which bitcoin is among.

That's what I noticed in the forum. Go back to the time when he's interviewed about his thoughts about Bitcoin, everyone liked him because they like what they say. He did helped to pump the market and now that with all of these tariff wars, they only care about the price of Bitcoin and stopped liking him. I understand everyone's thought about it but we cannot control him with that and despite that it's going further and deeper with that concern, it's really out of our league. And that's why our decisions should rely to what we think is going to be beneficial for us.

[WatChe]

Such people who say $200k one day and $40k the other are emotional guessers instead of logical speculators!

BTW reaching $200k in a short time (2-3 weeks) is not impossible and bitcoin has had such rises in the past. The problem is that with the global economy entering recession about 3 years ago and that recession getting worse every year, people don't have enough money to put into bitcoin so the rises slow down.

The situation with altcoins have not changed though. They still lack real utility so they have no potential and remain pump and dump schemes. Trump is not going to change that even if he advertises them directly

If Bitcoin goes up by 5k or 6k$, we hear voices that Bitcoin is going to touch 150k or 200k in this bull run. Likewise if Bitcoin goes down by few thousand USD then we hear speculations that Bitcoin is going down to 40k or 20k. It’s up to us whether believe in these speculations or follow a rational path.

I remember in Dec 2017, when price of Bitcoin has gone up to 19k$ (the then ATH) and there were speculations that price of 100k is coming next year but Bitcoin closed its 2018 journey with price of 3500$ in Dec 2018.      

So many alts were launched with many innovative features but neither the team was able to deliver the features promised initially nor the price of Alt went up. That’s also a reason why many investors are now investing in Bitcoin alone or have reduced the capital reserved for Alts.

[Iamcrypticguy]

First, even if someone is into crypto investing, they don't have to keep it as their only source of income because crypto don't even require them to be fully available 24 hours a day, that means that even if you are an investor or a trader you can still have a real job and still be doing your investment.

No matter how much profit cryptocurrency investment brings us, it should not be considered a primary source of income because of its uncertainty. It would be unwise to consider crypto speculation as our main and only source of income.

Secondly, even if Harris was the candidate that won the US election, no body knows what would have even happen, probably it would have been worse than this because Kamala is not a Bitcoin friendly person.

Biden is not crypto friendly either, but we have had bitcoin ETFs and ATHs under him. So if the president is Harris, things may not be better but they are not necessarily worse because under the Democrats, there will be no trade war. That means the economy wouldn't be in the miserable state it is in now, and bitcoin and stocks wouldn't be dumped hard.

But in return, under Harris, we will not see a strategic bitcoin reserve, although this also does not make much sense for the market because it cannot boost the price of bitcoin. While the thing that people only care about is price, nothing else. 

But we have some people that feeds off crypto basically. That's their source of income. I think these shakeouts are normal and the Market needed it. Been screaming that we'll see around $60k for BTC soon and nobody believed me earlier now we're seeing it.. anyways I still also think nows the time to get very good entries on altcoins or take advantage of any with utilities cos in the next few months/years you'd be glad you did. So what do you think about BTCFI and these new concepts by Babylon on staking without wrapping? Liked it and I saw an avenue to accumulate the token here. https://x.com/bitgetglobal/status/1901601559424999798?t=zp2YM8GZ935W9J5qNMlhVA&s=19. I'll put this on my watchlist for now.

[Reatim]

Is Trump the downfall of cryptocurrency? I heard this on X by a popular influencer some days ago, as he was lamenting and wishing Kamala Harris should have become the US president.

yeah trump may not satisfying all crypto holders right now but we also do not know what kamala harris would have done because from what i know she was not the biggest crypto fan either so maybe if she had won crypto would not even be part of the discussion at the white house

and people should stop focusing on only one issue when it comes to voting people should have voted for who they agree with more in terms of beliefs and programs to implement