don't quit your job

[summonerrk]

i know it is just a meme but personally i do not understand those who say they quit their jobs because they believe bitcoin will go to 1 million.

i believe bitcoin will go to 1 million but i am not going to quit my job and sit around waiting for that to happen unless i am already at my retiring age. i need to find other sources of income, whether that's within the bitcoin ecosystem or not, in order to continue buying more bitcoin in order to be prepared when i finally am ready to sell and when bitcoin has already hit a million in value.

besides, if you are at a point of instability wherein you will need to apply to mcdonalds just because bitcoin dropped for a few thousand dollars then i do not think you should be quitting your job at all.

The trouble with these guys is that they may even be supported by an absolutely correct technical investment strategy, but they invest very little money in their daily lives. And as soon as they need more money for everyday life, these guys have to withdraw this money from trading. Because of this, they cannot stay in a trading position for a long time, and even when bitcoin goes up later, they are already out of the market and have been recorded in negative profit.

And this is a really sad story - guys who trade well, but do not understand how much money they need for a living.

[bakasabo]

I have a great example to people who plan to hold bitcoin and quit their jobs because they expect bitcoin to reach astronomical prices. About 5-6 years ago, people were quitting jobs because bounty campaigns and participating in them with multiple accounts were much more profitable than doing 9-5 office jobs. Look at bounty section now. It is fighting with death, trying to survive. Where are those people now? Most be flipping burgers right now.

[Ronsbit]

The volatility of the Bitcoin market alone should teach you something that you should not just depend on crypto or Bitcoin to resign your job. A job guarantees you job security against the period of want and scarcity against depending on Bitcoin which market is unpredictable. I do not advise anybody to resign their job just because they made some profit from Bitcoin. If they established a good business they can manage then there is no problem about that but in a situation where they resign when they have no other backup plans just because they got some Bitcoin, then they should be ready for the crash that is coming their way.

[Franctoshi]

I have a great example to people who plan to hold bitcoin and quit their jobs because they expect bitcoin to reach astronomical prices. About 5-6 years ago, people were quitting jobs because bounty campaigns and participating in them with multiple accounts were much more profitable than doing 9-5 office jobs. Look at bounty section now. It is fighting with death, trying to survive. Where are those people now? Most be flipping burgers right now.

It's good to not put eggs in one basket so that when on fails you hold on to the other, because no one actually knows the future.
However, I think their should be a reasonable reason for one to do that, basically if you don't have the time to run Bitcoin investment or business and with your work, too if you have enough of money and you've realised a very lucrative opportunity in Bitcoin to venture into and some fortune that's way more better than your 9-5 job.

[Zackz5000]

Bitcoin investment is not a source of income so it will be a big mistake if we quit our jobs or stop doing our business because we are investing in Bitcoin and also believing that Bitcoin will hit 1m, Bitcoin does not guaranteed us to be successful and moreover we to have a job or a source of income so we can still be accumulating Bitcoin without stopping half way, Bitcoin may do well it may also not do well so we shouldn't do what we will regret in a near time, we need to keep our jobs and also invest in Bitcoin with money we can afford to loss. Bitcoin is volatile so we shouldn't just depend on it.

[goldkingcoiner]

Anyone who only has a single income source, such as a job, will be sorely disappointed when it ends for whatever reason. Don't quit hustling. But don't depend on a job to secure all your current and future needs. Diversify your income sources as well as your investments.

I think that that is really important.

[Pablo-wood]

It's always about wether to quit their job or to continue. Some say that you have to quit when you earn a huge profit while others will say to continue their job to acquire more bitcoin or to have more than one source of income. For me, I believe that it's okay to have job even if you are into bitcoin as to have another source of income since it's not every time you will get money on bitcoin so you will surely need to have a steady source of money like a job.

Having our jobs will even give us more flexibility in saving our Bitcoin. There will be more room to save our coin and even boast our strategy. If the source of income isn't diversified we might run into expenses that will cost us our entire bitcoin but when the income is from different streams it cover up for unforeseen expenditures and also help define our investment goals with better clarity, defined goals and better plan/strategy.

[red4slash]

Anyone who only has a single income source, such as a job, will be sorely disappointed when it ends for whatever reason. Don't quit hustling. But don't depend on a job to secure all your current and future needs. Diversify your income sources as well as your investments.

I think that that is really important.

The mistake of thinking that always happens is that when some get a big profit they think it is very sufficient for their lives, even though when the money is in hand it is certain that it will run out just waiting for time (especially when coupled with an extravagant lifestyle) making the faster we will lose the money we get.  We should be ashamed that even billionaires today are still doing the work or business they do while we who only profit a fraction of a percent from the investments we make already feel that it can meet our needs forever. It becomes a ridiculous decision in the end when we force ourselves to stop working just because of the profits we have.
Humans always have greed and always try to get more is a good way so that the investment we do is still running and we can also fulfill our life needs from the results of the work we do.