Quote from: Vaculin on May 22, 2023, 09:40:07 PM

Quote from: Marvell1 on May 21, 2023, 03:49:20 PM

Quote from: Hatchy on May 21, 2023, 08:24:16 AM

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after this encounter, I decided to bring this question too to the Bitcoin community itself so I would hear from other traders like myself. What is your opinion about this would you quit your job and go into Bitcoin investment, considering it as a full-time hustle?

I want to ask you one thing. In your opinion, having one source of income or two sources of income, which is better? This life always contains surprises, so we always need B plans for it, and having 2 or more sources of income is one of those plans. With a world rife with inflation, and currencies depreciating daily, many people struggle to earn extra income from various jobs. Having 2 income sources is the dream of many people, including me.

As others have also said, bitcoin or crypto is too volatile and very risky. So quitting your job to spend all your time investing in bitcoin is really a bad idea. I completely agree with what those guys have said.

Any investment has its own risk and cannot guarantee consistent profits unlike a decent job that gives us fixed income every month. But I believe those who take the risk in leaving their jobs in exchange for investment have also their valid reason. If they have enough assets that will assure their bright future, then why not? After all, keeping a job will not make you rich overtime, but keeping an investment will create life changing progress if you work on it for long term.

If they are well prepared, even if they don't make money by focusing on bitcoin full time but can still live a life like everyone else, then that decision is completely justified. But I'm afraid there won't be as many people as you say. Those who are looking to quit outside jobs to spend all their time in bitcoin is because they become greedy when they see the profits that bitcoin brings and think that making money from bitcoin is too easy. They want to focus entirely on bitcoin to make a quick buck and maybe retire early. I've met a few people with that mindset, and most of them failed and went back to their old jobs.