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.
Honestly, for one to think of quitting his/her job in order to trade Bitcoin.its a no no for me
quitting your job to trade Bitcoin is a significant decision that comes with risks. It's advisable to start trading part-time while keeping your job to see how you fare in the cryptocurrency market before making a full-time commitment. It's also recommended to consult with a financial advisor for personalized advice based on your individual circumstances.
However it was a tough decision for me, because in fact however and whatever type of investment including bitcoin it is always an activity that has risks, I understand that trading or investing can generate profits but however something that involves money will certainly always have a negative side which is the risk of losing money when someone experiences a loss. This means that investing is not always about profit opportunities but also the possibility of losses will always be a part due to fluctuations caused by market mechanisms.
So in my opinion quitting the main job and making investments as a place to meet the needs of life as a whole is a pretty careless decision, it's the same as leaving something certain for something that is still gray, I'm not saying that investing doesn't provide benefits but what is certain is that we must understand that it is nothing more than an “opportunity” meaning that it does not always guarantee that you will always be able to make a profit in every session you do. So it is better to consider carefully before you make a decision to prevent significant regret.