Like playing poker, it’s well known in the cryptosphere that not everyone can give up their day jobs and become a full time trader. No doubt many have bluffed themselves, trying and failing. Although a small percentage of traders have managed to, and continue to manage to make enough money to live on. Some have made exorbitant amounts. However, for most traders, this is just a money-making (or losing) hobby away from their regular jobs. Here’s a list of the most popular career professions for crypto traders.
IT / Coder / Developer
Stereotypically antisocial, IT professionals feel at home in front of their computer screen occassionally cleaning their spectacles to continue coding, programming, and debugging. This group of people find it the most difficult to distinguish between day and night. Technical problems must be dealt with immediately, although it’s no problem — their time dimension is rather warped anyway. Jokes aside, this group is most passionate about crytpocurrency for obvious reasons. With two screens sitting side-by-side, it’s easy to keep an eye on changing prices and it wouldn’t be a surprise to find out IT professionals have the highest profitability rate when cryptotrading.
Accountant
For obvious reasons, accountants are experts in the field of risk management. Witnessing the mistakes made by their clients, they don’t need to commit the same errors in order to understand how much money can be allocated to certain areas. Trading volumes, portfolios, and chart/graphs are not unfamiliar to these specialists. The shear hours accountants spend on the computer help the situation, too.
Teacher
People in education are often up to date with current world trends. They have much younger students to remind them everyday! After school hours, if they are not too busy with marking or making lesson plans, they can take a load off and attempt to perfect their second passion — crypto trading. Teachers are also grossly underpaid for the service they provide so a money-making hobby is not a bad idea. Let’s hope the majority of them aren’t losing!
Business, Marketing
Business people are notoriously interested in stocks and forex exchange trading. Used to less volatile markets, the crypto trading scene presented perhaps a more challenging prospect with opportunities for incredible short-term profits. Marketers on the other hand can quickly see through an inflated, over-exaggerated marketing campaign giving them the ability to find which altcoins will have long-term value.
YouTuber
YouTubers spend as much time in front of a computer screen as anyone so their location suits the hobby. The platform is littered with videos from crypto experts who study the charts and inform the public about new altcoins on the way up. Not all YouTubers are able to support themselves crafting videos hoping for a million views. Trading is just one way they could add a few numbers to their bank balance.
Office workers
There are a wide variety of office jobs and often those who occupy the positions are bored and spend a lot of time procrastinating. Crypto trading is surely much more exciting than whatever they’re supposed to be doing at any given moment. A typical eight hour day provides plenty of time for office workers to open another tab and keep an eye on the market. Just don’t get caught!
Online salespeople
Online people have regular exposure to online environments, especially social networks, where regular traders also appear and advise on investment. The nature of their work means that, if they so choose, they can distract themselves in the hope that trading profits trump what they would have made in comission on the sales they missed. Online salespeople also have a lot of free time, and a desire to get rich, making them willing participants in the crypto game.
Conclusion
Whatever occupation you have, ensure that you educate yourslef before making crypto investment decisions. The nature of the market presents quick profits, and losses just as quickly. Newbies should stay well away from margin trading and give yourself plenty of time to increase knowledge before depositing money and trading.
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