A wise strategy for your bitcoin - page 22.

Phil419She

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Quote from: zarados on August 21, 2017, 08:20:07 PM

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.

Since you earned some profits I think youre doing well. But you should also try altcoins, there are many alt coins to invest. Try buying some alt that are starting to rise, I bet you can double your capital in half a month.

SushiMonster

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Quote from: Wind_FURY on August 21, 2017, 08:38:44 PM

That strategy requires you to have good timing on the market. But the problem is, by doing so, it will make you emotional and you will be prone to make mistakes making you lose some of your money.

If you want the best strategy for ordinary investors like us, "buy the dips". If you have a job you should save 20% of your monthly salary and make that available to buy when Bitcoin's price is falling.

This^ I always wait for the btc's price to fall before buying one - then I'll just set my selling price based on the highest price cap on my trade and eventually wait for it to reach it.

zarados

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Quote from: geegaw on September 03, 2017, 04:08:14 AM

Quote from: Larva14 on August 29, 2017, 12:05:50 PM

Quote from: Schuyler on August 21, 2017, 10:26:20 PM

It's very hard to time the market, so the easier thing to do is just buy during dips and hold them for a long period of time. The length in which you are willing to hold would also depend on what your target is. If you don't have any short term targets, might as well just hold what you bought and just wait for it to grow in value over the years.

Actually, the best strategies that you could do if you want to gain more income is to hold your bitcoin. In addition to that, holding is one best way to earn and make more income. Holding of bitcoin is an opportunity to become rich. Lastly, just hold your bitcoin and become next millionaire in the future.

Yeah, if we do not have any knowledge about trading and do not want to risk, holding bitcoin will definitely be a wise strategy but if we want to earn more bitcoin, want to become rich, want to become the next millionaire in the future, we should learn about trading right now. Trading altcoin is the shortest way to help us become millionaires, altcoin is often pumped strong, we can hold potential altcoin the same way we hold bitcoin, in a short time, we will be surprised about our profit.

Yeah, you're right. Sometimes I think that investation on cryptocurrency are more profitable than you bought a land , or gold with your money. And it is true. You've seen the price soaring this year, and how much percent the price jump since 2009. probably others will say that right now is already expensive to buy bitcoin. Of course, but you can still buy it, little by little. Or you can chose a good altcoins to invest, like ethereum ,litecoin, ripple, and others that still have a low price.

geegaw

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Quote from: Larva14 on August 29, 2017, 12:05:50 PM

Quote from: Schuyler on August 21, 2017, 10:26:20 PM

It's very hard to time the market, so the easier thing to do is just buy during dips and hold them for a long period of time. The length in which you are willing to hold would also depend on what your target is. If you don't have any short term targets, might as well just hold what you bought and just wait for it to grow in value over the years.

Actually, the best strategies that you could do if you want to gain more income is to hold your bitcoin. In addition to that, holding is one best way to earn and make more income. Holding of bitcoin is an opportunity to become rich. Lastly, just hold your bitcoin and become next millionaire in the future.

Yeah, if we do not have any knowledge about trading and do not want to risk, holding bitcoin will definitely be a wise strategy but if we want to earn more bitcoin, want to become rich, want to become the next millionaire in the future, we should learn about trading right now. Trading altcoin is the shortest way to help us become millionaires, altcoin is often pumped strong, we can hold potential altcoin the same way we hold bitcoin, in a short time, we will be surprised about our profit.

Polar91

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Quote from: zarados on August 21, 2017, 08:20:07 PM

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.

Of course you really did a great work that you call strategy on wisely handling your bitcoin earnings. It was also the same thing that I do on my own bitcoin earnings and I bet most of the bitcoin users also do to gain an extra income from their investments and by doing buy and sell work outs for their bitcoin. But doing such thing requires you to be observant and aware of bitcoin price rate status to be able to know if you are going to buy or sell your bitcoin holdings.

zarados

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Quote from: HasHe on August 29, 2017, 01:08:32 PM

Definitely,its a wise strategy.What's the main feature of your strategy is that you are only selling half of your bitcoins and not whole bitcoins which most of people do.Definitely it would work good,but it would only benefit if bitcoin price falls much below the price you have bought and in today's situation,i think that this strategy would not benefit more since bitcoin price is steadily rising due to steady increase in demand and not falling much.But instead of bitcoin,if you use this strayegy in altcoin,then it would work much more since altcoin market is very highly volatile than bitcoin.

well, I have tried to implements this strategy on alt coin like ethereum and litecoin, it's working, but need more time than do it on just bitcoin itself. because alt coin are compare with bitcoin, while bitcoin price seems to keep rising. I still confused, am I doing right or wrong, but I've tried, and not to think for a second time.

jonatuzc

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Quote from: LindaQ on August 22, 2017, 08:41:20 PM

As a newbee in cryptocurrency world, I think I'll use this strategy , because its easy to understand and we just need the right timing and patience to do it. So, thanks for share it. It will be very useful for all newbe in this forum if they read this.

Yes, indeed, this is so beneficial and easy to understand strategy on earning profit in buying and selling bitcoin. And so it needs a perfect timing for you to gain high profit, timing is money in investing so just be very careful, buy low sell high that is needed in thus industry.

HasHe

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Definitely,its a wise strategy.What's the main feature of your strategy is that you are only selling half of your bitcoins and not whole bitcoins which most of people do.Definitely it would work good,but it would only benefit if bitcoin price falls much below the price you have bought and in today's situation,i think that this strategy would not benefit more since bitcoin price is steadily rising due to steady increase in demand and not falling much.But instead of bitcoin,if you use this strayegy in altcoin,then it would work much more since altcoin market is very highly volatile than bitcoin.

Larva14

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Quote from: Schuyler on August 21, 2017, 10:26:20 PM

It's very hard to time the market, so the easier thing to do is just buy during dips and hold them for a long period of time. The length in which you are willing to hold would also depend on what your target is. If you don't have any short term targets, might as well just hold what you bought and just wait for it to grow in value over the years.

Actually, the best strategies that you could do if you want to gain more income is to hold your bitcoin. In addition to that, holding is one best way to earn and make more income. Holding of bitcoin is an opportunity to become rich. Lastly, just hold your bitcoin and become next millionaire in the future.

redsun114

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Quote from: zarados on August 28, 2017, 12:12:51 AM

Quote from: leonix007 on August 27, 2017, 10:25:45 PM

Quote from: Supreemo on August 21, 2017, 10:43:47 PM

Quote from: mk4 on August 21, 2017, 10:36:54 PM

Sounds simple enough, right? But that's actually easier said than done.

There's alot of "ifs" in your plan. You're just pretty much hoping that the markets move the way you would like it to.

Quote

When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx.

Then what if the price dumped more after you bought at $3900? What would you do now? Panic sell? The bitcoin market isn't gonna hover around the $3900-$4100 price range forever. It could dump to $2500 next week, or rise to $5000, no one knows. Don't forget that crypto markets are super volatile. There are so much flaws I can see with this 'strategy'. But if you could make it work, then good. Best of luck.

,yeah totally agree, its sounds good to me when you are actually at the right timing and always keeping an eye at the market price, but what if you cannot watch all the time? it is not that you are always sticking around in the corner and just watching the price, does it even sound boring or as what have he said what if the price suddenly goes down but you bought not at the lowest? you'll probably panic sell or much wiser if you hold it then wait til it pumps back.

this has caught my attention, then how do you handle this situation? I know there are flaws, will you still hold? what if it totally down to the deepest dip? how do you handle it?

Luckily, everything you say is still in the "if" circle, and I have not experienced it, I do not expect it that way. I know and you know, if the price goes down, then all we need to do is buy more or in bulk. Because bitcoin will always go back up. Am I right?. So, if a huge dump occurs, I will increase my capital, and buy in large quantities.

I also consider the dump as a golden chance to increase the amount of bitcoins.
It will regain its old price soon and may even surpass it. The more BTCs we will have in our pockets, the better it is for our future. No need to panic under such situation rather try to take the benefit.

stepwilli

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Quote from: setupbounds on August 26, 2017, 01:02:20 AM

Quote from: suvo05 on August 23, 2017, 12:36:44 AM

Quote from: zarados on August 21, 2017, 08:20:07 PM

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.

So far you have done well . And market goes as your expectation . what would have you done if market price were not drop to $3900?

Obviously, he will keep his bitcoins and wait until the dip occurs again. If you are saying that the prices will keep rising and will never dump again, it does not gonna happen. On the other hand, even if this was the case, he would be still earning huge profit by doing nothing. He has some good trader skills.

Fluctuation is an essential part of crypto currencies. Nobody can stop BTCs or any other coins from dump. It will happen sooner or later. However, I cannot actually predict whether it will be sooner or later. His strategy is a great one, keeping him always on the safe side. I am impressed by his moves.

niisarearning

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Its good strategy while your having fiat money to convert . I always invest on altcoins some highly fluctuating coins and i buy when the price really low and some high speculation coin if i am investing 0.1 bitcoin if the alt get 2X growth also i will get double of my investment . I witnessed upto 10X growth in some coins .

Ctn

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Very nice strategy and I liked the idea of compounding. It seems to be time consuming though, as we have to for very long until the bitcoin takes big jumps in market. Now we can't hope for hard forks each time and positive effect of it on the bitcoin value, lols, but patience is the key anyway. Each time i have read how people do the trading then there were words like patience, long terms, cold storage which indicates your strategy is i priced one along with compounding stuff. Will try to follow.

Dontme

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Quote from: zarados on August 21, 2017, 08:20:07 PM

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.

In bitcoin industry each and every one of us needs strategies for us to profit. We have different strategies on how to grow our bitcoin. Your strategy is like trading, you buy when it is on the drop price and you sell it when bitcoin price rise and that was how you grow your btc. All I say is you did it properly and that was right for me, you have confidence on how to deal with it at the same time you have a wise strategies. That's how some business man do. You strategies is the kind of strategies I like.

BitcoinGirl.Club

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Quote from: zarados on August 21, 2017, 08:20:07 PM

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.

Its a strategy that might work but its not the most effective methods i have seen as far as i can tell because there will always be an emotional attachment which could cloud your judgement while you trade and this method seems to take long as you always need to be on the look out for pumps and dumps and if you miss any of these you dont make money.

haroldtee

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Quote from: zarados on August 21, 2017, 08:20:07 PM

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.

It is a very good strategy. More like trading and being extracareful with it. However, you should be very careful when doing this. So many times you may predict somethings and may never really be the way you want it. It is good you are only going to be using small amount to do this so as to minimise the risk. Also, it is best if you join some of these exchange sites but please don't put all you have there. Bittrex is a good one for example. This will help you to automatically keep tabs to the price even without monitoring it. With Bittrex, you can set your sell order at a price and buy order at the price you want. Just an advise though in case you do not know about it already. Best of luck.
Also, like some people have said above me, altcoins are a very good way to increase your btc. Do your research, find out an altcoin with prospect, buy at the dip and sometimes, when they pump, you get your good cool profit. Be careful of some shitcoins though.

Carlsen

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That is a successfull description that you earn money when you buy something cheap and sell it at a higher price.
But I guess many of the people here in this board already now that.
Maybe it's smart to think about where to store your coins during the period you wait for the price increase. And don't forget the transaction fees.
Or keep an eye on the altcoins. Some of them tend to climb even higher than bitcoin for a short time and fall after that again.

Mpamaegbu

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Quote from: zarados on August 21, 2017, 08:20:07 PM

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.

Yes dude you are doing well with that. But next time try doing it with altcoins instead of Bitcoin if you want to earn more and progressively grow your Bitcoin. Sell off bit of Bitcoin, buy a promising altcoin. Wait for its appreciation and then sell it off and buy more Bitcoin. That's what I do.

gribble

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Quote from: zarados on August 21, 2017, 08:20:07 PM

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.

You are right because there are no good or bad strategy investing in bitcoins or other altcoins as long as your strategy can increase your bitcoins, you must apply the rules and getting the profit. Everything depend on the style of investment in bitcoins long time strategy or short time strategy but the most important are not on the strategy but on the constant profit from investing in bitcoins, that is it.

Bittoshi

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Your strategy might work in theory but in reality you never know how long the price will go down or up. But if you just buy some BTC when price is falling and sell at a higher price, you are on the right track.

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