The hardest thing chasing a small profit its because we must do a scalping trading (Short Trade)
That's would be a problem, went the market doing a major movement (Bearish) cause went we got a major movement the market can get down more than 15-20%. Profit from doing a short trade maybe around 25-30% each month if you are lucky always successful doing a short trade could be 40-50%. A lot of people losing his profit because a major movement from the market, I already got this went doing a trade.
Topic: Do not ignore the small profits in Bitcoin investments. - page 2. (Read 3180 times)
A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high.
Let's look at the recent price movement of Bitcoin and how this recipe would have put you one step closer to a safe investment in Bitcoin.
https://www.blockchain.com/charts/market-price?daysAverageString=7×pan=180days Let's take a quick example of what people could have done in the last 180 days, to secure a very good profit on their investment.
Let's say you had enough money to buy 1 whole Bitcoin when the price was at it's lowest in Mar '19 <$3000+> and sold in May '19 <$8600>, then you would have more than doubled your initial investment.
The price volatility in Bitcoin in the short term makes provision for a lot of opportunities for people to make small profits, because it is frequently dropping and recovering and if you are just patient and if you time your buying and selling, you can quickly get a good return on your investment. <Buy the Dip>
Some of my friends bought during the Dip in Mar '19, but they are waiting for the BIG payday, so they are hoarding their coins and missing all the opportunities to get a small portion of their initial investment back in their pocket.
There is nothing wrong with long-term hoarding, but when the opportunity is there to take some small profit, then you should take it.
Do not re-invest your profit, because your first goal must be to get back your initial investment. Chip away that initial capital investment, by taking 5% here and 10% there, until you made back 100% of your initial investment.
Hoarding in the long-term might be convenient for some people, but the safe option is to take back small percentages in profits, until you get all your initial investment back. I use that profit to buy some goods and pay for some services in Bitcoin, so that I can show something for the risk that I took and for the effort that I put in to invest in Bitcoin.
This strategy helps to oil the Bitcoin merchants gears, by using Bitcoin as a currency and it also helps me to use Bitcoin as an investment tool.
Let's look at the recent price movement of Bitcoin and how this recipe would have put you one step closer to a safe investment in Bitcoin.
https://www.blockchain.com/charts/market-price?daysAverageString=7×pan=180days Let's take a quick example of what people could have done in the last 180 days, to secure a very good profit on their investment.
Let's say you had enough money to buy 1 whole Bitcoin when the price was at it's lowest in Mar '19 <$3000+> and sold in May '19 <$8600>, then you would have more than doubled your initial investment.
The price volatility in Bitcoin in the short term makes provision for a lot of opportunities for people to make small profits, because it is frequently dropping and recovering and if you are just patient and if you time your buying and selling, you can quickly get a good return on your investment. <Buy the Dip>
Some of my friends bought during the Dip in Mar '19, but they are waiting for the BIG payday, so they are hoarding their coins and missing all the opportunities to get a small portion of their initial investment back in their pocket.
There is nothing wrong with long-term hoarding, but when the opportunity is there to take some small profit, then you should take it.
Do not re-invest your profit, because your first goal must be to get back your initial investment. Chip away that initial capital investment, by taking 5% here and 10% there, until you made back 100% of your initial investment. Hoarding in the long-term might be convenient for some people, but the safe option is to take back small percentages in profits, until you get all your initial investment back. I use that profit to buy some goods and pay for some services in Bitcoin, so that I can show something for the risk that I took and for the effort that I put in to invest in Bitcoin.
This strategy helps to oil the Bitcoin merchants gears, by using Bitcoin as a currency and it also helps me to use Bitcoin as an investment tool.
Because small profits is the beginning to success. Because if you hold small amount and wait for the right price you want you can earn more than you expect.ln day trading you can just earn now a small amount.but if you just patiently monitor the price you can save little by little in every trade.
I always believe that as long as it’s profit, its profit. So it’s just foolish to ignore or consider it any less. At least, I am not one who prefers to think that way. I always prefer any profit especially if it’s through proper way. The simplest formula for me is to divide up the investment with trying various things whether it’s Crypto Lending, ICOs or direct trading, I like doing them all because I feel that’s how you are meant to reward yourself towards benefitting.
I have been aiming for small profits lately, but it's better than waiting for big profits. Well, that might be more interesting. in 2018, I always target a large profit, and the result is of course losses, even more so at the end of 2018 that made crypto prices really decline.
at the moment, the small profit in the bitcoin world is more profitable. it is a piecemeal but quite useful strategy. For now, I am still waiting for information to get a big profit. so, I often see the development of crypto while utilizing small profits.
Waiting for big profit is more like waiting for the peak time of any coin, or the surge of any coin, and that really takes lots of patience and takes lots of commitment and looking beyond now to the future, but if there is anyone that looks for a quick money, then they ought not to hesitate to take small profit taking small profit isn't such a big deal really, it all depends on you naturally and how many small profits that you can take within that short period of time that bitcoin fluctuates in price. at the moment, the small profit in the bitcoin world is more profitable. it is a piecemeal but quite useful strategy. For now, I am still waiting for information to get a big profit. so, I often see the development of crypto while utilizing small profits.
Small profits are what some people do compound and use it to trade in a bigger way for them to have gotten those big profits that we see. It is better we start in a little way first before looking at the bigger picture of profit that we can get on our investment.
Buy the dip and sell the peak has become a slogan these days. Don't you think if it was that easy to identify the dip and the peak then almost everybody would have done that already.
Definitely not and that is why we all making our own speculation. Volatility remains at its strength and making the price like a roller coasterSo I think it's okay if we miss the little opportunities because there is a bigger one waiting that we could grab and seek all the profits that we would have made by such little investments.
Little by little it becomes big, things that we shouldn't have to miss.The market still struggling hard, that is most important to grab any opportunities that are given to us even it is just small amount but thinking that it is our lose also if we never take advantage of it.
But if we are not confident enough and just throw in our hard earned money without any proper planning then we are gonna lose the amount albeit the opportunities are big.
Also, if we are confident enough that by holding the amount for a long time we can make bigger profits then we can surely do that as well. We just have to believe in ourself and proceed with proper strategy.
There is a saying in my country where you cannot complete a dollar without a cent. This indicates that even small profits counts because if these are combined all together, you can also produces big profits. This is also why distributing your resources to different baskets are better.
Yes, many people are looking for a higher profit through trading and this makes them hold it for some time, that's why most of the day traders will make huge amount profit because they won't bother how much price the coin is reaching. They will always look out for profit not more than 5% on their investment. Sometime small returns will help you to reach your goals.
I admit that I am also the type who always expect for huge profit and never really cares on small roi even it it is on 20% but I'm sure 80% of traders or more than that apply that to theirselves. But on the other hand, if I'm holding $1-$5 million on bitcoin or eth then I would definitely sell my holdings and do swing trades frequently but the reality is I am not a whale but only a small algae on the ocean.
In myself, everything that I have even it is small I'll consider it big.
Yes, many people are looking for a higher profit through trading and this makes them hold it for some time, that's why most of the day traders will make huge amount profit because they won't bother how much price the coin is reaching. They will always look out for profit not more than 5% on their investment. Sometime small returns will help you to reach your goals.
I admit that I am also the type who always expect for huge profit and never really cares on small roi even it it is on 20% but I'm sure 80% of traders or more than that apply that to theirselves. But on the other hand, if I'm holding $1-$5 million on bitcoin or eth then I would definitely sell my holdings and do swing trades frequently but the reality is I am not a whale but only a small algae on the ocean.
If we have $10k worth of BTC, I think 1% ROI is small but people consider it big today cause of the market situation.
In myself, everything that I have even it is small I'll consider it big.
sometimes small profits are only considered as one of the producers of losses. but i don't think that's right. now if we can be more diligent, I think with small profits if managed properly and can also continue to provide large profits, the most important thing is to be consistent in trading so that it provides profit
Small or large profits, that it still profits, why would they consider it as a reason of losing.
We don't need to be diligent, we need to be knowledgeable, be patient and have that money to invest.
Also, just being consistent without learning any lessons from your previous losses is also useless. I think it is better for you to be able to learn from your mistakes and make a good strategy based on that.
Yes, many people are looking for a higher profit through trading and this makes them hold it for some time, that's why most of the day traders will make huge amount profit because they won't bother how much price the coin is reaching. They will always look out for profit not more than 5% on their investment. Sometime small returns will help you to reach your goals.
I admit that I am also the type who always expect for huge profit and never really cares on small roi even it it is on 20% but I'm sure 80% of traders or more than that apply that to theirselves. But on the other hand, if I'm holding $1-$5 million on bitcoin or eth then I would definitely sell my holdings and do swing trades frequently but the reality is I am not a whale but only a small algae on the ocean.
Buy the dip and sell the peak has become a slogan these days. Don't you think if it was that easy to identify the dip and the peak then almost everybody would have done that already.
Definitely not and that is why we all making our own speculation. Volatility remains at its strength and making the price like a roller coasterSo I think it's okay if we miss the little opportunities because there is a bigger one waiting that we could grab and seek all the profits that we would have made by such little investments.
Little by little it becomes big, things that we shouldn't have to miss.The market still struggling hard, that is most important to grab any opportunities that are given to us even it is just small amount but thinking that it is our lose also if we never take advantage of it.
Yes, many people are looking for a higher profit through trading and this makes them hold it for some time, that's why most of the day traders will make huge amount profit because they won't bother how much price the coin is reaching. They will always look out for profit not more than 5% on their investment. Sometime small returns will help you to reach your goals.
most people investing in bitcoin certainly expect to get large profits so they are willing to hold longer for the coins that he has invested in order to obtain multiple benefits. but for the clever trader of course he can take advantage of the market situation at any time to gain little by little profit
legendary
Activity: 2716
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Leading Crypto Sports Betting & Casino Platform
I have been aiming for small profits lately, but it's better than waiting for big profits. Well, that might be more interesting. in 2018, I always target a large profit, and the result is of course losses, even more so at the end of 2018 that made crypto prices really decline.
at the moment, the small profit in the bitcoin world is more profitable. it is a piecemeal but quite useful strategy. For now, I am still waiting for information to get a big profit. so, I often see the development of crypto while utilizing small profits.
at the moment, the small profit in the bitcoin world is more profitable. it is a piecemeal but quite useful strategy. For now, I am still waiting for information to get a big profit. so, I often see the development of crypto while utilizing small profits.
Buy the dip and sell the peak has become a slogan these days. Don't you think if it was that easy to identify the dip and the peak then almost everybody would have done that already.
It doesn't work this bud. If one is selling on one side then there is somebody who is buying on the other side. If everybody would just keep buying or selling then the graph would just go in one direction and to be really honest, that is definitely not good for bitcoin at all. So I think it's okay if we miss the little opportunities because there is a bigger one waiting that we could grab and seek all the profits that we would have made by such little investments.
It doesn't work this bud. If one is selling on one side then there is somebody who is buying on the other side. If everybody would just keep buying or selling then the graph would just go in one direction and to be really honest, that is definitely not good for bitcoin at all. So I think it's okay if we miss the little opportunities because there is a bigger one waiting that we could grab and seek all the profits that we would have made by such little investments.
sometimes small profits are only considered as one of the producers of losses. but i don't think that's right. now if we can be more diligent, I think with small profits if managed properly and can also continue to provide large profits, the most important thing is to be consistent in trading so that it provides profit
The best part of bitcoin trading is the small profits. Hell I started with small profits, my first ever profit on crypto trading was 11 dollars. That was a lot of money for me because I honestly believed that I was making free money, yes I know right now I realize it was never free money and trading is not making money out of nothing etc etc but I was new and I didn't know anything so I thought that was free money and I can do it forever and never have to work.Of course, I learned the truth later but that small profit idea never left my mind. That "could I make 10 bucks a day on average" never left my mind and I have been chasing that ever since. I can't average that much but I am not really doing bad neither, it is going well but as well as I would hope so
. sometimes small profits are only considered as one of the producers of losses. but i don't think that's right. now if we can be more diligent, I think with small profits if managed properly and can also continue to provide large profits, the most important thing is to be consistent in trading so that it provides profit
But, I think it is the generally being greed that controls most traders and investors that usually make them to ignore those small profits. Bitcoin price between $9000 and $13800 has fluctuated several times, if I buy bitcoin at $9000, and I wait to sell it at $13800, that is a profit of $4800, bitcoin has touched $9000 now and increased back to $10800 over 10 times now, which means if the holder had taken all those small profit, he would have even made more than the long term investors who would take at $13800, so taking small profit is not bad, but it has its own disadvantage of it too anyway, it makes the market not to be stable, imagine that everyone is practicing that, it means the market will be dumping several times, and there would be lots of panic sell. Just take a look at this 3 dates from July, August and September.
July 24 $9,709
July 25 $10,017
3% profits
July 28 $9,438
Aug 12 $11,391
20% profits
Aug 29 $9,512
Sep 6 $10,622
11% profits
You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.
July 24 $9,709
July 25 $10,017
3% profits
July 28 $9,438
Aug 12 $11,391
20% profits
Aug 29 $9,512
Sep 6 $10,622
11% profits
You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.
This is exactly what I am trying to get across to people here. Thank you for posting this, because some people are totally missing the point here. How many people can say that they made a 20% profit on any investment in a matter of 2 weeks? It is not impossible to make that kind of profits on some investments, but it is rare.
This happens very frequently with Bitcoin and you should take it, when it is on offer. Bitcoin's volatility can be your friend, if you know how to read the trends. #nydiacaskey01 saw the trend and he/she grabbed the opportunity to make a little bit of profits and we should learn from that.
hero member
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Leading Crypto Sports Betting & Casino Platform
Just take a look at this 3 dates from July, August and September.
July 24 $9,709
July 25 $10,017
3% profits
July 28 $9,438
Aug 12 $11,391
20% profits
Aug 29 $9,512
Sep 6 $10,622
11% profits
You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.
July 24 $9,709
July 25 $10,017
3% profits
July 28 $9,438
Aug 12 $11,391
20% profits
Aug 29 $9,512
Sep 6 $10,622
11% profits
You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.
If we can take the chance for that percentage, I think we can make a nice profit every month. We will have more bitcoin in our wallet. Yes, that will be nice if we can always buy low and sell high in the market, especially if we can monitor and use an alarm, so we don't miss the chance. I am sure that if the situations continue like this, we can be able to make more profit in every month.
July 24 $9,709
July 25 $10,017
3% profits
You Buy at $9,709 and Sold at $10,017 next day. Maybe if I have a greedy mind, I would hold on to it a little longer thinking that I can get more profits but, if you look at the price history of Bitcoin, if you hold on to it, you need to wait till Aug 1 to reach $10,000 level again as after July 25 price of Bitcoin dropped again to $9,700. Take that 3% profit and get more again after a few days. 3% profit every other day is better than nothing.
From your calculation, I am fine to sell at $10,017, so I can rebuy bitcoin when it's down, and that is happening on July 28, which bitcoin price is down at $9,438. So if I rebuy bitcoin on that price, I will sell it on Aug 12 at $11,391. I don't mind to wait for a while until the price can reach at least more than $100 and if I can repeat the process, I am sure I can have a big profit. It no uses if we keep that greediness just because we want to make a bigger profit in one-time sell because we don't know when it will happen, so it is better to use every chance to make a profit than never.
Yes, many people are looking for a higher profit through trading and this makes them hold it for some time, that's why most of the day traders will make huge amount profit because they won't bother how much price the coin is reaching. They will always look out for profit not more than 5% on their investment. Sometime small returns will help you to reach your goals.
Just take a look at this 3 dates from July, August and September.
July 24 $9,709
July 25 $10,017
3% profits
July 28 $9,438
Aug 12 $11,391
20% profits
Aug 29 $9,512
Sep 6 $10,622
11% profits
You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.
July 24 $9,709
July 25 $10,017
3% profits
July 28 $9,438
Aug 12 $11,391
20% profits
Aug 29 $9,512
Sep 6 $10,622
11% profits
You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.
It's something you won't be able to always exploit. Currently there is still enough buy support around that level, but the next time it might catch you by surprise and dump further. We're not that far away from seeing that happen as there is nothing bullish about retesting the same support levels over and over again.
The market tends to rekt people when they get too comfortable with repetitive bounces, which we have seen happen last year too. I made quite decent profits multiple times buying around $6000 and selling 5-10% higher, which made me so comfortable that I had to be punished for underestimating this market. I'm glad that I woke up from it, and I hope that you will too.
Ive been doing shorts but on a very strict money management and im not letting myself too confident anymore.
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