Quote from: South Park on May 23, 2023, 10:44:39 PM

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

as a crypto trader sometimes, there's this question that usually comes to my mind and that is if there are people out there who are into Bitcoin investment fulltime and then if crypto currency paid me more than my current job, would I quit my job to go into Bitcoin fully?

So yesterday, as I went out at night to grab some snacks for myself. I bumped into a group of friends who were also into cryptocurrency trading. Then it turned on me that I should drop my question of whether Bitcoin or crypto trading could be a full-time hustle that would continuously put food on our tables in the near future and if they could quit their current jobs going into Bitcoin investment fulltime?Their responses were quit alike saying that
"to them, Bitcoin would continue to be a side hustle and since the price of cryptocurrency is volatile they could loss the value of their investment at anytime. they also said that they couldn't quit their jobs as that would continue to bring more capital for their investment"

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?

You are using the terms investing and trading as interchangeable terms when this is not correct, being an investor and being a trader is very different, becoming a bitcoin investor is a very relaxed activity and even if you profited greatly from it, this is an activity that at most will take you a few minutes each day, and as such it will give you time to have a different job if you want it, trading on the other hand is way more intensive, as it requires that you watch the markets for hours and it is unlikely you will be able to keep it as a side hustle for long.

But whether investing or trading in bitcoin, nothing is as secure as an outside job. So it will be a wrong decision if you quit your job to devote all your time to this market, whether you choose to trade or invest. Long-term investing has more advantages because we have more time to do other things, but if you choose to trade, it will not be too much of a problem as long as you know how to organize your time properly.
Just like I am also trading forex, I don't need to watch the market all day, and I just like to trade when there is an American session. Because then the market is more volatile and trading will be easier to make a profit.