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?
By trading Bitcoin, it is possible to make a living. However, I don't think it will be possible to make daily profit from trading so it cannot be considered as a source of passive income. So you definitely need a fixed job or business to lead a happy life. And besides that you can trade bitcoins which will bring you extra income. and if you hold Bitcoin for a long time instead of short term trading, you can make better profit and in this case the risk will be less.
Yes I agree with you. I used to spend my own money and family expenses by trading but sometimes I had to face many problems. Because trading is not always profitable, sometimes I lose from trading and then I have to face problems. I am working now and earning income from trading. From my job, I get fixed salary every month and if I earn money from trading, then I can live happily. Besides trading, we have to do some other work.