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Moving from crypto trading to regular work: income stability, risk, lifestyle

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Post time 5-9-2023 08:46:08 | Show all posts |Read mode
I remember when I first delved into the cryptocurrency scene, I was drawn in by the rapid profits it promised. However, to my embarrassment, I hadn't even started before the major Bitcoin crash occurred, and since then, I've remained more of an observer than a participant. Yet, the cryptocurrency world is filled with people who rely on quick gains for their livelihoods. If they were to return to a time of regular employment, could they still manage it?

Among the people I know, some have gone so far as to quit their jobs in pursuit of rapid wealth. But we're all aware that successful cases are often highlighted, while the number of setbacks is overlooked. The cryptocurrency space isn't a smooth journey. It's marked by high market risks, extreme price fluctuations, regulatory uncertainty, and a constant influx of scams. Many in this field have experienced significant losses, liquidations, and painful outcomes. Some have even been burdened with heavy debts due to excessive speculation.

Whether these individuals manage to recover largely depends on their personal values. Some see money as the sole measure of success and happiness. They aim to maximize profits, often disregarding the intrinsic meaning or value of their work. Unfortunately, such an outlook often leads to unfavorable outcomes – they can't return to their old job mentality, and now they are burdened with debt. Unless they shift their mindset, their future path could be a difficult one.

On the other hand, there are those plagued by an inflated sense of superiority. After making money in the cryptocurrency world, some may feel smarter, more capable, and more insightful than others. They might look down upon regular employees, even mocking and belittling them. These individuals also find it difficult to go back to traditional employment, yet one can only hope they develop greater resilience in the face of failure.

I bring up this topic because I, too, contemplated quitting my job to dive into the cryptocurrency world. However, considering the current situation, I find that not doing so is the wiser choice. Firstly, my personality doesn't align with the all-or-nothing decisions that such endeavors entail. Secondly, I believe it's inappropriate to pit money-making activities against traditional employment. Working a regular job doesn't reflect one's intelligence, ability, or value. It also doesn't define one's success or happiness. Similarly, making money doesn't necessarily signify intelligence or skill – it's just a way of profiting from market volatility. Hence, all jobs and occupations should be respected, including both regular employment and profit generation. When evaluating personal success and happiness, inner worth and meaning should hold greater importance.

There isn't just one definition of success. In the decision between making money and working a regular job, one should consider personal life goals and values. Amid the pursuit of wealth, one should also be mindful of their behavior and attitude, avoiding unnecessary arrogance and condescension. Regardless of the occupation, respect for others, respect for work, continuous learning, and growth are necessary. Only then can a comprehensive sense of happiness and success be achieved. This may have ended up sounding preachy, but if you've made it to the end, I'm deeply honored.
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Post time 5-9-2023 10:50:02 | Show all posts
Often, this adaptation is forced, which is why they say "survival of the fittest."
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Post time 5-9-2023 12:09:21 | Show all posts
The answer to this question is quite evident! Regardless of the endeavor, it's all about benefits and efficiency. So, if I can make quick money, I definitely wouldn't adapt or return to regular employment. This isn't limited to any particular field. It's just that in high-risk domains, even if there's an opportunity, I wouldn't dare venture into it.
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Post time 5-9-2023 14:18:28 | Show all posts
Indeed, mentality is a crucial factor. Many times, it's due to mindset issues that I've suffered substantial losses.
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Post time 5-9-2023 19:54:14 | Show all posts
Indeed, mentality is a crucial factor. Many times, it's due to mindset issues that I've suffered substantial losses.
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Post time 6-9-2023 07:21:30 | Show all posts
A proper mindset must be practiced over an extended period of time.
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Post time 6-9-2023 10:06:15 | Show all posts
I understand the concept of mindset, but it's challenging to get it right.
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