don't quit your job

[johnnyyash]

I see no need to quit a job, when you don't know what next will be prices of bitcoin, if it will either increase or decrease up to $1m it makes no sense ...one thing you will have to know is the price determination, price exact if will increase or not...for example if you leave your job and you assume that price of bitcoin will increase to $1m and at the long run it turns out not to be so then you loose ...you just have to start over again ...you can't really give exact accuracy if price of bitcoin will increase within estimated time....

[bitzizzix]

Resigning from a job that clearly provides a steady income just to focus on Bitcoin is not a smart decision. If you really want it, you should consider it very carefully, as Bitcoin is unpredictable and highly volatile.

However, if you have savings to cover your needs for the next year, and with careful planning and a thorough understanding of Bitcoin and its risks, it shouldn't be a problem. Furthermore, you also need to have the confidence and ability to profit from Bitcoin so you can withdraw some of your profits for emergencies, as these will inevitably arise and should be considered. Once you resign from your job, you won't be able to set aside an emergency fund because you only have savings to cover your needs for the next year, which sometimes doesn't go according to plan.
My advice is to keep working, as investing in Bitcoin won't interfere with your work as long as you manage everything well. You can still buy Bitcoin using the DCA method and also set aside money for emergencies and other things that are important to you and your life, including your Bitcoin investments.

[FortuneFollower]

As of now, BTC or crypto in general won't make you a millionaire on whim..

It can accompany you and help in many ways, but not be something as a stable source of income, imo.. not in the timeframes we desire for ourselves, monthly ones, for example.

[knowngunman]

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.

But does this even make sense? Even though it's a meme, I see no sense in the meme. In fact, I don't think people even exist with the mentality of quitting their job because of Bitcoin. How will you survive before Bitcoin hit whatever price you believe in?

Literally, if you quit your job it means you'll have no choice but to be spending from your holding. You know what that means right? The more you spend from your holding, the lesser it becomes. If care is not taken, you may exhaust your reserve before Bitcoin hit that price and you'll be left with absolutely nothing.

You need even more jobs if you really need more coins. More jobs means more money and more money means more accumulation. Quiting your job for Bitcoin is a gross mistake anyone can ever make.

[hero_the_bossman]

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.

But does this even make sense? Even though it's a meme, I see no sense in the meme. In fact, I don't think people even exist with the mentality of quitting their job because of Bitcoin. How will you survive before Bitcoin hit whatever price you believe in?

Literally, if you quit your job it means you'll have no choice but to be spending from your holding. You know what that means right? The more you spend from your holding, the lesser it becomes. If care is not taken, you may exhaust your reserve before Bitcoin hit that price and you'll be left with absolutely nothing.

You need even more jobs if you really need more coins. More jobs means more money and more money means more accumulation. Quiting your job for Bitcoin is a gross mistake anyone can ever make.

Only degens would do so. and not with BTC, but with memes, probably.

[Bobrox]

It is a very stupid decision to quit their job they have been doing for years just because of bitcoin that they saw potential in and say they will just trade as if it were that easy to make a profit here in crypto trading,, which is not the case.

It is better for a newbie entering the crypto space to have a regular job or stable business that he can do he can do while he is studying to gradually spend the extra money he has,
and if he has a job,, he can also set aside an allocation amount even if it is small, even if it is in bitcoin.

Bitcoin many time an an hype moment during several moment easy to earn much profit but in other moment we need waiting longer time bitcoin recovery back to higher price, so quit from the job and fully focus for trading in cryptocurrency bad ideas because we make speculation get possibility earn profit by trading in cryptocurrency keep consistent or not?

I believe the most expert trader have main job and make trading as side job regarding possibility risk when trading in cryptocurrency, I think if want to quit from job and focus for trading prepare much saving money early if market unpredictable still have saving assets to back up for daily or monthly needed.

[fikrett]

Bitcoin many time an an hype moment during several moment easy to earn much profit but in other moment we need waiting longer time bitcoin recovery back to higher price, so quit from the job and fully focus for trading in cryptocurrency bad ideas because we make speculation get possibility earn profit by trading in cryptocurrency keep consistent or not?

I believe the most expert trader have main job and make trading as side job regarding possibility risk when trading in cryptocurrency, I think if want to quit from job and focus for trading prepare much saving money early if market unpredictable still have saving assets to back up for daily or monthly needed.

Yep. Trading is a good addition to an already good foundation.

Praying that trading makes everything for you is.. Not a good choice, because one week can be good, the other - not so much.

[Tungbulu]

I see no need to quit a job, when you don't know what next will be prices of bitcoin, if it will either increase or decrease up to $1m it makes no sense ...one thing you will have to know is the price determination, price exact if will increase or not...for example if you leave your job and you assume that price of bitcoin will increase to $1m and at the long run it turns out not to be so then you loose ...you just have to start over again ...you can't really give exact accuracy if price of bitcoin will increase within estimated time....

Bitcoin investment has stages. If an investor is merely just in the accumulation phase, quitting one’s job would be the worst decision ever because the investor would still a source of income that’ll help him generate funds to invest and build their portfolio to a reasonable level and maybe when he has eventually reached the overaccumulation phase, where he must’ve built enough Bitcoin portfolio then quitting his job would be a choice that would have little to no impact in their overall financial position, because their portfolio at this point, through strategic withdrawal can potentially sort all their needs.

[ChocolateBitcoinK]

I see no need to quit a job, when you don't know what next will be prices of bitcoin, if it will either increase or decrease up to $1m it makes no sense ...one thing you will have to know is the price determination, price exact if will increase or not...for example if you leave your job and you assume that price of bitcoin will increase to $1m and at the long run it turns out not to be so then you loose ...you just have to start over again ...you can't really give exact accuracy if price of bitcoin will increase within estimated time....

Bitcoin investment has stages. If an investor is merely just in the accumulation phase, quitting one’s job would be the worst decision ever because the investor would still a source of income that’ll help him generate funds to invest and build their portfolio to a reasonable level and maybe when he has eventually reached the overaccumulation phase, where he must’ve built enough Bitcoin portfolio then quitting his job would be a choice that would have little to no impact in their overall financial position, because their portfolio at this point, through strategic withdrawal can potentially sort all their needs.

If the investment is at the final stage or if we have a good financial foundation, then quitting our job will not be a very bad decision, but if someone decides to quit their job without creating any foundation and in the early stages of investment, then no one can tell what their real intention is except them. Making such a decision means bringing about their own destruction, there can certainly be no rational reason for people to quit their jobs at the early stage of life. When an investor is still in the savings stage, his main goal should be to focus on strengthening the source of regular income, and even creating more diverse sources of income, so that through this we can make more diverse investment decisions and take our situation further. But if someone decides to quit their job at this stage, it will not take long for everything to go distruction.

[TheUltraElite]

Things like "selling my house" "quitting my job" - for the sake of buying bitcoin is never recommended, how far bullish I am on bitcoin. Because these are unrealistic things and those who speak such do understand what is risk and how it needs to be managed.

To be a diligent investor, you have to have a backup system. The cushion that will save you in case everything goes South. That is your current assets like your house. The job that you might have will be the source of income for your riskier investments - it is a blunder to leave it on your own unless something else happens.