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?
There's so much plethora of opportunities in the "bitcoin world" no doubt but it's not wise to quit your job and solely focus on bitcoin trading. Like what's bad in having both your job and bitcoin trading as sources of income? The market is not always smooth to our expectations at all times and that's why it's expedient that every bitcoin trader have a backup source of income order than just having a full rely on bitcoin. You can plan yourself and know how you can delineate your time on both the trading and your job time in a way that wouldn't choke you while you making your money from both source.
I think not only as a backup income. but do have to have a job. whereas if you want to trade Bitcoin or invest in Bitcoin only for additional income if you really want to earn income from Bitcoin trading.
the market will not be able to continue to benefit us when trading. even if the situation does not allow it, we can lose a lot of money when trading. especially for a beginner. it's better to learn in long-term investment for Bitcoin than speculating on trades that can actually make it difficult for beginners to make profits.