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Relying on Crypto for any type of stable income won't work, but getting a job will

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by COINS NEWS 41 Views

I also remember thinking that it was possible to make some kind of stable income either through day trading, short-term trades, or just trying to time the market whether it was monthly or shorter.

Day trading shouldn't even be in question, as your chances of losing money is a lot greater than making any, and that's no way to make any stable income. Most people day trade with emotions as well and that just lowers your chances and make it almost 0.

You also absolutely have no idea whether Bitcoin will increase in the next few months or not, and it doesn't always follow the patern you think it does. You see it going up or down and think that you can get it right, but when you buy it all starts acting contrary to what you thought it would, as you have to count in the news, panic, and everything else that affects the prices in short term.

I think any attempts at trying to make crypto a source of income is absolutely meaningless, whereas that time could be spent on a job and you'd make a lot more.

You might read about a couple of people who have done this and been able to make stable incomes but they're only part of the 1%.

submitted by /u/Elie0_0
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