Topic: Bitcoin gives me a positive financial impact - page 2. (Read 241 times)
I don't want to be a total killjoy here — but If those are the only trades you've actually made, then it's highly likely that you just got lucky. What comes next(that happens to most newbie traders) is that since they made money, they then become too cocky and end up burning their bankroll in the end. Don't make that amateur mistake.
I have been actively trading since early 2021. I was introduced by a friend "bounty hunter" about bitcoin and I was interested in knowing many things including how it works, trading and invest.
I admit that the first cryptocurrency I bought was bitcoin. I bought it 50% of the capital I had and sold it at the peak of ATH April. Subsequently I managed to buy bitcoin 80% of the total previous profit on the decline and resell them in November. During the 2021 ATH cycle I managed to make a total profit of $12,000 with bitcoin. It actually changed a few percent of my financial condition during the pandemic.
It is really interesting that you have achieved success by trading. and you earned $12,000 of profit. This has been possible only for you to make the right decision at the right time. You were able to purchase Bitcoin at the right time. And you sell it at the right time. I am very surprised to see that you are able to do this as a new trader. Hopefully you will be able to get a better entry later. good luck I admit that the first cryptocurrency I bought was bitcoin. I bought it 50% of the capital I had and sold it at the peak of ATH April. Subsequently I managed to buy bitcoin 80% of the total previous profit on the decline and resell them in November. During the 2021 ATH cycle I managed to make a total profit of $12,000 with bitcoin. It actually changed a few percent of my financial condition during the pandemic.
As you said you earned with the bitcoin because you ride in the bull market but again there's a cons of it, not all the time it ideal to hold your assets it depends on the percentage you got. The term buys long and sell high is sometimes quite effective to the people who really bought at the dip and waiting for their assets to gain profits. The short and long term varies so make sure there's a specific plan when to buy and when to sell your assets.
What gave you a positive financial impact was not the Bitcoin, it was playing roulette with the Bitcoin and having it work out well for you. That could have happened with Bitcoin or many other things.
I prefer not to play too much with the best element we have to store and transfer value, and instead I prefer to continue accumulating little by little (although from time to time I spend small amounts, but I always keep increasing the total of my Bitcoin holdings).
I prefer not to play too much with the best element we have to store and transfer value, and instead I prefer to continue accumulating little by little (although from time to time I spend small amounts, but I always keep increasing the total of my Bitcoin holdings).
If I can make a profit in 2021, will you experience it too?
Will we experience it too or did we experienced it too? If it is the second, I experienced it too but just little amount of money was my profit because I hold only little amount that turned much but still little for me, I focused more on trading and I lost even when the market was bullish and got to its peak. Or if you mean we will experience such huge profit again in 2022? All I can say is that I do not know, but this 2022 seem of bearish than bullish, bitcoin have period of high income, it also has bear periods, seem more of bears this time, but I know investing at $37000 is not a bad idea at all.
-snip-
Welcome to the forum, I think that's the kind of welcome you deserve from me.If I can make a profit in 2021, will you experience it too?
I'm not interested in how you make a profit regardless of whether you trade or invest, but what's interesting is that you believe that bitcoin is one of the best instruments on the market to trade or invest in. I know that $12K is not a small amount, but if your capital capabilities are better then it is still possible to earn more than you are making now. I like the way you diversify your capital into some other asset "maybe" because some altcoins can also provide decent returns for traders or investors.
Yes, Bitcoin may give us a positive financial impact but these trends are fragile for the medium term. For me personally bitcoin is a volatile asset and if a correction comes it won't have a huge impact. I do have significant real-world assets to hedge my portfolio from the price declines.
Now to sum up. There is always a risk for holding Bitcoin and its volatile asset in your portfolio. Unless you are a trader and can use the volatility of Bitcoin to earn good profits by buying and selling at the correct time. So don’t make rash decisions and concentrate on longer term financial plan.
Now to sum up. There is always a risk for holding Bitcoin and its volatile asset in your portfolio. Unless you are a trader and can use the volatility of Bitcoin to earn good profits by buying and selling at the correct time. So don’t make rash decisions and concentrate on longer term financial plan.
This is quite a huge achievement and I'm very happy for you buddy because most people didn't understand how and when to buy or sell and it became a big problem to them and thier capital.
Most times, people don't even have the time to check in thier coins or read the news properly to know when the volatility has increased; I have a friend like that over here....if this is how they wanna operate, how will you make profits? Somewhat impossible!
The pandemic was a very tough period and every body was in WANTS for food majorly but for the ones that could utilitize thier potentials crypto-wise, then it really paid off
Most times, people don't even have the time to check in thier coins or read the news properly to know when the volatility has increased; I have a friend like that over here....if this is how they wanna operate, how will you make profits? Somewhat impossible!
The pandemic was a very tough period and every body was in WANTS for food majorly but for the ones that could utilitize thier potentials crypto-wise, then it really paid off
During the 2021 ATH cycle I managed to make a total profit of $12,000 with bitcoin. It actually changed a few percent of my financial condition during the pandemic.
It is great to know your story about gaining $12,000 in a year by trading and investing in Bitcoin. This is your first profit, isn't it? I must appreciate your achievement since not all new beginners can gain profits in their first attempt. You are lucky to get $12,000 but make sure to keep learning everything about Bitcoin and crypto as a whole. You need to know various strategies in trading/investing since your strategies used in 2021 are probably not effective anymore to apply in 2022. Anyway, congratulations that you can improve your financial condition.
I have been actively trading since early 2021. I was introduced by a friend "bounty hunter" about bitcoin and I was interested in knowing many things including how it works, trading and invest.
I admit that the first cryptocurrency I bought was bitcoin. I bought it 50% of the capital I had and sold it at the peak of ATH April. Subsequently I managed to buy bitcoin 80% of the total previous profit on the decline and resell them in November. During the 2021 ATH cycle I managed to make a total profit of $12,000 with bitcoin. It actually changed a few percent of my financial condition during the pandemic.
If I can make a profit in 2021, will you experience it too?
I admit that the first cryptocurrency I bought was bitcoin. I bought it 50% of the capital I had and sold it at the peak of ATH April. Subsequently I managed to buy bitcoin 80% of the total previous profit on the decline and resell them in November. During the 2021 ATH cycle I managed to make a total profit of $12,000 with bitcoin. It actually changed a few percent of my financial condition during the pandemic.
If I can make a profit in 2021, will you experience it too?
Jump to: