Quote from: abel1337 on June 28, 2023, 04:48:31 PM

Quote from: xSkylarx on June 28, 2023, 01:33:36 PM

Quote from: radjie on June 28, 2023, 12:33:57 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?

Focusing on Bitcoin trading can indeed be profitable, but it depends on market conditions, and the best option that can minimize the risk of loss is to prioritize trading in the long term
If you decide to leave the main job that you currently have, I think it's an incorrect decision and very risky, because relying on day trading on Bitcoin is quite difficult to be able to make a profit

The stability in trading compared to your stable job is very different because in trading there are really times that you are in loss, unlike in your job, which is a stable one. That is why others are making trading their side hustle because they can do both: go to work and trade after work. Though there are really professionals that are quitting their jobs, they have already established a profit, which means they have recorded that in the past few years they have been in profit even though the market is very bad.

I agree, this is why we can only see few people who are considering trading as their full time job. Those who are doing trading as their full time jobs knows the risk and the scenarios they might because of the experience they have. Winning a few times doesn't mean you are good enough to consider quitting your stable job and just doing trading. We have different cases in life but if we have a stable job, don't quit it and make a very careful decision if you are planning to do trading as your main job. Trading is a very good side hustle indeed but doing it full time is not for everyone since you can consider yourself aware of the whole market scenario 24/7 which is strenuous to some people.

Full time job or would be considered to be a job if you are really that trying to look into your monitor the entire day but its true that this one would really be good as a side hustle on which it doesnt really need

for you to stay in front of your computer all day on just simply watching on the position that you had made.Even if you do have your day job then you could always be having the chance or opportunity on checking out those trading positions at ease. Therefore, it would really be just that entirely depending on how someone would really be handling themselves on multiple positions or conditions
on which it would be normal if you have decided to have some other extra income.

The more the better we know right? It is really just that a matter of more time spending and sacrifices if you do have that extra time on everyday on watching up your trades.