Post
Topic
Board Trading Discussion
Re: Before Trading Bitcoin you should...
by
Lanatsa
on 31/05/2024, 21:41:37 UTC
A lot of mistakes people make a lot is going into bitcoin trading without any steady source of income. While it is true that  bitcoin trading can change your life for good, you should also know know that it could also wreck you. First get enough knowledge, make sure you are working as this will help you fund your trading accounts. Only trade what you can afford to lose.

Do not also invest your life savings into bitcoin trading. this will hinder your trading capabilities as you will be trading with emotions and fear of losing your money. Trading is best done without emotions attached this will allow you make decisions better.

Do not quit your job if you have one until you have become very profitable in bitcoin trading. The market can become very unpredictable and you can lose funds, so for you not to go bankrupt you should be very profitable before you quit you job or any other source of income you have.

Do not forget that you should always risk what you can afford to lose.
Quitting or resigning with your day job just because you have intended to make that full time with gambling? This is something would be considered suicide. Why? There's no assurance that you would really be able to make profits with trading on which dealing up with speculative market is something that would really be that so damn hard or something that would really be that so unpredictable. You cant really be sure whether you would really be that profitable on everyday. What if you do have a family to raise? How you would really be doing it? If you do find yourself having that full time trading job you are into?.
This is why you should really be that considerate on the current condition that you are in and wont really be making outright decisions which arent that sensible on doing so.

On the moment that you would be considering on quitting or making trading to be full time is on the moment or situation that you do find yourself that sustainable because if you do find yourself that profitable
despite of the market randomness or being that unpredictable but still you could be able to handle yourself well and still profitable then this is the moment or right time that you do need to have
that full time but of course it would really be just that depending on you.