Quote from: carlisle1 on Today at 10:26:14 AM

Quote from: molsewid on June 12, 2023, 07:57:33 PM

Quote from: iBaba on May 05, 2023, 11:09:45 AM

As a young person, I am overwhelmed by my curiosity in trading Bitcoin, but I'm not sure if it is appropriate for me to resign my white collar work and return to trading exclusively Bitcoin.

This was a conversation a buddy of mine and I had yesterday, and I felt compelled to bring it to this illustrious platform for the best types of advice and counsel.

Is it safe for a Bitcoin trader to quit their jobs and focus solely on Bitcoin trading if they can devote their time and attention to maximize the benefits in the Bitcoin world?

My answer to this one will be , you can do both. Do full time work as well as trade if you can manage your time and also you need to learn more about trading first so that it would be a good fundamental. I know many people who do both and when they finally know and their PNL are getting better they will decide to quit their jobs, maybe you can do that as well.

Yes, doing it both then decide if you feel very comfortable with the knowledge that you already earn during your trade sessions
will give you good opportunities.

It's more on how you understand the risk and the potential benefits. If you see that you are fit to this business, and you can grow your
initial investment, then go and take your shot in this business.

Your own assessment will give you the decision that you'll need to take.

You would be able to find up yourself whether you would really be that confident when it comes into your skills into trading because if you do find out that you couldn't sustain on day to day profitability or something that would really be supporting your living then you wouldnt really be on your right mind on quitting your job and relying into it but instead you would really be honing up that skill even more and would really be persevering that you would really be that able to achieve that goal. We do have our own senses whether we are already that capable or not because we cant really be able to make decisions on quitting
if we do see that we arent that profitable. You could really make out trading as main source of income if you are really that confident then you could really be able to do such thing but if not
then for sure you would really be that notice that you would really be still in losing money which its not ideal on pursuing such state if you arent that capable.