Anyone else quit their job to trade crypto?

Idiocy like this confirms that crypto is in a bubble. Just like people quit their jobs to flip houses in 2005.

>>2072652
looks like we got three years

>>2072643
You fucked up, feeling way too overconfident from the fact that you quintupled your money. You will lose

>Is everything thing ok?

You are right to quit. But quitting for crypto trading is kinda dumb if ya ask me.

>>2072664

I'm aware that this is a bear market and I'm not in any positions. I've got at least a couple months to live on. I mostly trade USD pairs for ETH and LTC on GDAX.

>>2072643

Give it a few weeks and you will be kicking yourself. Trading crypto aint so easy when everything is falling back to earth.

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>>2072643
you'll go back begging for that job in 2 months tops

top kek, there's a difference between being a crypto NEET millionaire and a bum

Vote

http://www.strawpoll.me/12957482

>>2072681

My strategy for the time being is to only catch falling knives on LTC (correlated with BTC) and wait for the Who's Jew of Planet Earth announcement with ETH.

I scalp.

>>2072643
I never had a job in the first place.

But aside from some passive income I'm a...

> Fulltime professional cryptocurrency trader™

>>2072673
You can still make plenty of money in a bear market with the right strategy. I'm not talking about shorting.

>>2072643
Hope this is true, if so get fucked OP! You're delusional as fuck from base reality.

>>2072643
Did that email really need to be so long?

Your anxiety is palpable

>I'm sorry, I'm sorry, I can't, I can't

You could have explained the situation in a few lines and apologised. Instead, you've done that thing where people panic and just keep talking and talking - but in an email. Didn't you proof read this first and notice your hysterical tone?

>>2073026

I'm well aware of it. I think it's justified considering my overall reticence.

>>2072717
what creates passive income for you

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>>2073055
>It has to be like this, sudden and irrevocable
You're not casting a spell or writing a poem, you're quitting a job
>I don't belong here
Dramatic much?
>I've quintupled my money in two months
Bully for you! Did you really need to say this?
>I don't know. It's not right. I'm not alright
No shit - you sound like you're having a mental breakdown
>thats a layer of dread and distraction I can't get past
Nice alliteration, but again this is not a poem

You could have just apologised, explained you have some other time commitments, apologised again, and left your contact email. Sure, it's a bit out of order at such notice but it surely can't be worse than this ridiculous email that, rather than apologising, is kind of insulting your employers and bragging about how much better you are at the same time

Sorry to go into such detailed analysis. I just woke up and this really annoyed me lol

>>2073090

Yeah but it was 1 AM and they're all women anyway.

I don't think it either brags about me nor insults them. It's just brutally honest. The mental breakdown aspect is intentional.

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>>2073118
Fair enough, good luck with the cryptos

what are you holding at the moment?

what did you make your famous quintuple gains from?

>>2073118
Why did you even bother mentioning crypto anon?

>>2073132

It's not that amazing. I started with $2000 cash (all that I had in the bank) and $2000 credit loan (nearing my limit) and put it into ETH at $30. I doubled my capital off that eventually (didn't really catch the 60-90 rise) and then bought LTC at 17 the day before Coinbase launched, which has been terrific for me although I could've played it a bit better, and now I just cautiously day-trade LTC/USD while holding fiat most of the time because I don't like the market at the moment.

So I've made just shy of $8000 (I cut myself a bit on the fall of LTC from 38), which is quintuple my initial cash and triple my capital, and that equates to about four months of wages. I'm aware that I'm on a short leash and I'll contact my agency and explain on Monday, hoping to get a new position somewhere.

>>2073159

They know. They've seen the charts on my screen that I pathetically try to click away from as they pass by. That woman (who sent the email in concern) called me asking what was wrong and I was candid about the market crashing and my prospects (I was in fiat) but I assured her I would finish before I left. I couldn't.

>>2073174
You do realize you'll have to pay taxes on the $8000?

>>2073184
No, sell them for cash through localbitcoins and use cash to buy food.

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>>2073184
>he thinks people actually pay taxes on crypto gains

>>2073184

Not if I lose it all in a bad trade and have nothing to show for it.

>>2073174
That's pretty bold taking out a credit loan to buy ETH

How did you know? Or do you just have a gamblers mentality?

Surely $2000 was enough to get started?

Oh well, guess it paid off. I have 20 ETH I bought at $17. Is there any way I can trade on margin, up the risk and make more gains. I feel like I've been a bit of a pussy only gambling money I could afford to lose lol

>>2073224
Sure, you can use your 20 ETH as collateral on most sites, including Kraken and Bitfinex.

>>2073224

The shilling on /biz/ hit me just right and I had such low self-esteem I figured I had nothing to lose and my money would be better in that. I also saw the price rising rapidly before I could get the bank wires in on Monday. If I had only been in on Sunday, at $20, I would be up sooooooooooo much more.

Only other /biz/-shilled coin I bought was POSW just before the breakout and I made about a 40% gain off that and got the fuck out. I laugh every time someone mentions they're still holding onto that garbage. I could've doubled my money but I played it badly (was distracted at work) and moved half my stash out as a hedge because I was concerned about the retarded withdrawal limit and being trapped there.

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>>2073159
I did the same thing years ago. It still makes me cringe when I look back on it.

>>2073248

This can't be real.

>>2072702
Why isn't xtrabyte there, am I getting scammed?

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>>2073248
Holy shit nice keke anon

>>2073248
kek, at least you had a sense of humor about it

>>2073231
>>2073224
What is a good margin % for ETH? 10%?

So I invest $500 in ETH and leverage 10x (is this 10% or 90% margin? What is the term?)

If ETH drops 10%, I lose $500. If ETH gains 10%, I double my money, right?

Based on roughly following ETH the last few months it seems less likely it will drop by 10% than rise by 10%

Time to roll the dice?

>>2073253
I was making $87k per year too, and it took me a very long time to find a new one, because my old job was always brought up in interviews.

>>2072655
thats the spirit!

>>2073362
come back to whalepool talis
t. concerned xrp

>>2073527

Sentiment poisoning is real.

Not believing in ETH is the most dangerous attitude to have in crypto right now, and every time Felix posts some retarded bullshit I feel like shorting it on max leverage.

>>2073190
i wanna see you irl selling those coins

>e-erm its ok there are some erm fiat-papers missing, but h-have nice day

>>2073617

ETH is shit, dude

i make $2k/month at my wage slave job and have averaged about $12k/month over the last 2 months trading crypto, so I'm certainly considering it. However there's much else to consider, namely what a few bad months in a row could mean if i am unemployed, not to mention that taking money out of my crypto portfolio to live off of will mean less capital to work with to make more.
I think if i can consistently make at least 10k/month for the rest of the year i'll quit by the end of the year.

>>2073705

Don't bet against the Jews.

>>2073712
honestly, if you cant sustain yourself for 5 years, dont bother quitting.

best case: you can retire
worst case: 5 carefree years to find a good boss

>I laugh every time someone mentions they're still holding onto that garbage.
Fuck you. Holding is the correct tactics, you just need patience.

>>2073712
It depends what your strategy is. If you have a strategy that exploits a market inefficiency and gets you consistent returns then that could be something you could do full time.

If your strategy is "buy and hold" then you're betting your income on the crypto market being bullish.

>>2073763
that's a good point. my strategy is kind of a hybrid of the two. it is always profitable (so far) but sometimes i make a lot and sometimes i make very little (too little to sustain living off of should i get a bunch of bad months in a row).

Of course that's now, once I have enough capital I should be able to sustain myself off of the bad months too (here's hoping) I guess only time will tell.

>>2073712
you were taking care of family

>>2073159
Probably want to fuck some of his ex-coworkers

am about to... can make $200 a day which is more than my current job

>>2072643
>"only invest what you can afford to lose"
>meanwhile
>anons buying crypto with reverse mortgages
>anons quitting their jobs to trade crypto
>anons expecting this bull run to continue indefinitely
>anons not realizing that investing is basically a form of somewhat predictable gambling
Laughing out loud at the moment, family

>>2072643
No, I'm not stupid. I earn from my job, put in crypto from time to time, buy the dips and let it grow in my hardware wallet. Trading is for stupid money and gamblers

>>2072652
>Idiocy like this confirms that crypto is in a bubble. Just like people quit their jobs to flip houses in 2005.


Exactly, with the "new paradigm" shift you really should be cautious. We are entering bubble territory here.

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>>2072673
>I'm aware that this is a bear market and I'm not in any positions. I've got at least a couple months to live on. I mostly trade USD pairs for ETH and LTC on GDAX.


This is not a bear market you stupid fuck. Look at this chart. What is "bear" about it?

Retards I swear. This is a bull run into a bubble.

>>2072643
If nobody has notticed from that email yet, OP is some heavy autist up in this shit.

He will an hero once we actually enter the next 3 year bear market

>>2073184
>You do realize you'll have to pay taxes on the $8000?


The whole point of cryptos is that you don't pay taxes on them, you gullible normie fool

>>2073184
Not if you slowly withdraw it over time to your bank account. The IRS will never notice. And if they ever do say anything, just say you were selling some personal items online for bitcoin.

>>2074115

It was a bear market yesterday and the day before.

>>2074073
Can you elaborate on your strategy? I've got 2k to play with and I would like to do the same.

Nope...I got a job to buy more crypto. I'm holding for the long term. Day trading seems like a bad idea for an only source of income. Diversify

>>2073174
Sorry to say it but you have majorly fucked up. I thought you would have put away at least $100,000 since you quintupled your money and quit your job. You barely have enough capital to gamble with let alone live off.

The biggest problem here is that you're not a trader, you got lucky twice in a row. Anyone can do that. You won't sustain these gains but you need to since you have so little saved.

Tldr get your job back, anon.

>>2074335

My job paid about $2000 a month and I'm up $8000, currently playing with a stack of about $5500 on GDAX.

You must have a really exorbitant standard of living.

>>2073174
Lol HhahhahahhahahbabababhahahHahaahahahahahaahahahhahahahahahhahhahahahahahhahahahahahhahhahhahahahaahhaahahhaahhahahahaha

>>2074202
you are very dumb

>>2074354
You've got four months to live without making gains. If you makes losses you've got less time. And you will make losses at some point.

With $5500 you need to make 50% returns every month to be doing better than your old job. That's not going to happen.

You got lucky and let it go to your head and now you've put yourself in a bad position.

>>2072643
You didn't actually send that email did you?

>>2074354
you quit your job after making $8k on a lucky pump? Jesus dude

>>2074376

I look at it as just needing to make 2% a day through sensible all-in scalps and short-term trend trading on LTC.

>>2074408
What makes you think you can do that?

>>2074422

I'm improving. I represent 0.34% of the 30 day LTCUSD volume on GDAX, which is about $1.2mil at current price. Not bad for a stack that's $5k on average. I make hundreds of trades, all-in every time.

I've lost a lot but I'm learning a lot too.

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>>2074422

pic

>>2074422

Also, LTC is so deliciously cheap that, at $29, every 29 cents is a percent.

>>2073090
This. OP has never written a professional email in his life. Clear, short and to the fucking point. Considering how much time he made people waste reading his mental breakdown I'm sure they'll be happy he's leaving.

>>2074461
>Considering how much time he made people waste reading his mental breakdown I'm sure they'll be happy he's leaving.

Well, yeah, I don't want them to be sad that I'm leaving. I actually tried quitting in person a week before but they concern trolled me into staying.

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>>2073184
I think something like 20 people in the US claimed crypto on their returns.

Yeah the IRS is buttmad over it. Hopefully they'll be destroyed soon enough.

>>2074437
>I make hundreds of trades, all-in every time.
and what happens when LTC crashes (it will)?

>>2074478

I won't be in it when it does. That's why I trade. Everything will crash, inevitably.

>>2074202
Wew, its going to be a rough couple months.

>>2074480
so let's say you get out at the top and it goes down...and keeps going down...and keeps going down... where's your income coming from?

>>2074467
>I actually tried quitting in person a week before but they concern trolled me into staying.

wat

I'm starting to think you escaped an institution.

>>2074498

Don't you know how to read? He QUINTIPLED his money!!!

>>2074557

Billing office for a hospital where I worked as a temp, one of few males and certainly the only one under 30. So, yeah, kinda.

>>2074502

Falling knives.

The lower the price goes, the better gains to be had by scalping as well.

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>>2074592
In a bull market? That must've taken a whole lot of skill.

>>2074684

He quit his job, so obviously it's skill. I'm actually rooting for him, hope he keeps us up to date on how it's working out.

>>2074655
alright mate good luck. your strategy differs from mine by a lot, doesn't mean it won't work though. I personally would have waited until I had made a lot more before i quit my job. shit happens.

how the fuck are you suppose to get high rewards without high risk

fuck the normiefag life. wagecelling is peak cuckoldry

god speed OP.

>>2074758

I've wanted to be out of this job for a very long time, and crypto just gave me some buffer and an excuse to do so. That and crypto is a full-time occupation in itself, and I can't focus on should-be-automated menial labor on a screen without my charts and prices. It has rewired my fucking brain.

I think I do need to focus more on trend trading than scalping in general. Last night I caught the LTC knife at 25.66, so damn well (lowest point was about 25.02), but I didn't hold it until now and kept doing stupid sells (at gain, but still) on the way up.

>>2074161
>guys I got this perfect tool for evading taxes
>it keeps everything in a public ledger such that there is a history of all the transactions ever made
>guys why're are you looking at me like that, the IRS would never create some sort of blockchain analyzer

>>2074801

Plenty of ways to break the chain by tumbling or buying an anonymous coin.

>>2074827
Do you use a vpn at all times when you go to exchanges?

>>2073254
he didnt even add Golem...

>>2073191

Oh brother. You are in for a rude awakening when you cash out your gains

>>2074764
>'ve wanted to be out of this job for a very long time, and crypto just gave me some buffer and an excuse to do so. That and crypto is a full-time occupation in itself, and I can't focus on should-be-automated menial labor on a screen without my charts and prices. It has rewired my fucking brain.
I feel ya mate, I've missed out on thousands while I'm slaving away in a warehouse making $100 a day. It's painful. But not as painful as I would imagine quitting my job 3 months before the entire crypto market plummets to the ground, which is a very real possibility.

>>2074132
holy shit. have fun in federal prison.

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>>2074408
>sensible
>all-in

>>2074978

There are three currencies I believe in: ETH, LTC, and the US Dollar. Everything else is redundant.

>>2074998
Well good luck Talis. The discord will wait for your tales. There is a bet that you will :noose: in a few weeks btw

>>2074202
Look at the fucking chart again, in what galaxy does that count as a "bear market". Its fucking bull market bubble, that is what it is. Learn what bear markets are.

>>2076498

It was a bear market for two days.

Life moves pretty fast.

>>2077175
>two days

>bear market

Dude, getback2investopedia

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>>2072643
>This job is actually costing me money right now
How the fuck is this even possible?

>>2077308
time is money

Bump, will provide trade diary later.

>>2072643


hey tallis
kekekekekeke

wagecucking ascending into cryptocoin masterrace

>>2072643

I ain't doing this until I've made at least 500k from crypto. I live so frugally I could probably live off of 500k from investments for a long time and just go move to some poor 3rd world country an live like a king. Until then, it's fucking retarded to quit a job just because you made at best 10k on crypto or some shit.

>>2074866
you don't cash out your cryptos, you stupid fuck. you can still pay for shit directly with crypto

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>>2074335
dude you better be joking. You're fucked if you're serious.

>>2074354
I meant to reply to this post. Anon, you're fucked if you think you're good on 8 grand. Most people get INTO cryptos on that.

>>2078981
>Most people get INTO cryptos on that

Considering most of the threads on here shill small-cap, nil volume shitcoins where an 8 grand buy would cause an instant crash, I doubt it.

>>2073617
DON'T short crypto.

>>2078862
> you can still pay for shit directly with crypto

Yeah, only if you want to buy drugs or kinky shit from the deb web smugglers.

>>2072643
It's shit like this that let's you know the bubble will pop soon.

>>2072643
Normally when I quit a job I just lie and say I need to move back to (insert random city here) for "personal reasons." Just do this next time OP.

>>2072643
I've made $750,000 from crypto but I'm not ready to quit my wagecuck job yet.

>>2079497

That's pretty cucked fambo.

>>2079497
have you actually cashed out or you just have that much crypto worth?