If things go south, can you return to your previous job?

Written by: Route 2 FI

Translated by: Luffy, Foresight News

Should you quit your stable job and fully immerse yourself in cryptocurrency? This is a frequently discussed topic. Here are some brief thoughts:

First, do you have enough savings? If not, how do you plan to make a living? Simply saying "I will make money through trading" is far from enough.

Ask yourself what you are good at. Perhaps the most important skill in this industry is endurance. If you are willing to put in 12 to 14 hours a day, you could say you have an advantage. Therefore, for those with less capital, time may be your most important asset.

You need to keep learning and improving. So, what specific areas should you focus on? Content creation, centralized exchange (CEX) trading, industry research, meme coin trading, non-fungible tokens (NFTs), airdrops, YouTube videos, Telegram communities, podcasts, and so on—there are many options to choose from.

If you enjoy writing like I do, then Twitter, newsletters, and Telegram are the best platforms for you; if you are better at verbal expression, YouTube and podcasts may suit your style more; if you are good with numbers and enjoy watching market charts, then focus on honing your trading skills and connect with traders you admire on Twitter.

So far, do you have a solid record of profits in the cryptocurrency field? Whether through trading, airdrop mining, marketing, or working in the Web3 space. If not, have you considered applying for a related job?

Assuming you have some savings and have made money in the cryptocurrency field before. What if one day you lose all your funds? Please seriously consider the worst-case scenario: will you still be able to pay your bills?

If things go south, can you return to your previous job? What opportunity costs will you incur by not fully immersing yourself in cryptocurrency? Will you miss out on some potential benefits from your original job?

Are you sure you want to spend all day in a room, with greasy hair and a scruffy face, staring at charts, scrolling through Twitter, Telegram, and Discord? You might say this is "freedom," but is it really freedom?

Personally, I am introverted and can adapt well to this lifestyle, but 80% of my friends in real life would be driven crazy by this kind of life. It can be very lonely, and while theoretically, you can treat it like a 9-to-5 job, doing so in the 24/7 "casino" of cryptocurrency is much harder than it sounds.

Do you have enough self-discipline to work independently? Don’t underestimate the comfort that a daily routine and clear work tasks can bring. For some, working autonomously is like magic, but for those who enjoy socializing, it can be pure torture.

Do you think there is room for income improvement after quitting your job? People easily feel they can multiply their net worth tenfold in the cryptocurrency field, but 98% of people cannot achieve this, and in fact, they end up losing money.

Can you apply for a Web3-related job first, and then quit your original 9-to-5 job once you stabilize? If possible, I would recommend this approach.

It’s time to be honest with yourself and ask, "Are my skills sufficient to earn a living?"

If the answer is no → seek internship opportunities. Internships can be at cryptocurrency companies/startups, venture capital firms (VCs), family offices, or assisting key opinion leaders (KOLs) with various tasks, or even doing odd jobs for traders you admire (if you do well, they may share insider information with you). Internships usually pay low, so the focus should be on gaining experience to prepare for future development.

If the answer is yes → do you plan to make money on your own, or apply for a job at a cryptocurrency company?

Making money independently can be a difficult and long road that requires full commitment. But if you have confidence in yourself and your skills, and believe that long-term returns can far exceed a regular job, then I suggest you try this path.

Applying for a job at a cryptocurrency company is a more stable choice because you can receive a fixed salary. And who says you can’t focus on your own projects while working?

Here’s a little advice: I know many people think, "It’s a bull market now; I need to focus on trading and don’t have time to look for a job." But in reality, it’s easier to find a job during a bull market. If your capital is pitifully small, why focus solely on making money through trading?

Even if SOL triples from its current price, your $1,000 asset can only become $3,000. And you could earn that amount by getting an entry-level job within a month. Most of you will not become the next "meme coin winner," turning $1,000 into $1 million. If you really had such skills, you wouldn’t be considering whether to work, nor would you be reading this article.

If you are applying for a company position, make sure to choose a company you respect and one where you hope to receive equity or token incentives. If financially feasible, consider requesting as much of your salary as possible in tokens (provided you believe in the company). If the company ultimately develops well, you might make a good amount of money from it.

Do you have your own network in the cryptocurrency field? If not, you absolutely need to build one. Having friends in this field allows you to stay updated on which airdrops are worth participating in, which tokens have potential for growth, and to find people to discuss investment strategies with, etc. If you don’t have social media accounts in the cryptocurrency space yet, what are you waiting for?

In summary, there is no standard answer to this question, but if you are young, have enough savings to support a few years of living expenses, and have certain advantages and connections in this field, then I absolutely recommend you give it a try (provided that even if you lose all your money, you can return to your original job or find a similar one).

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