Topic: Do not ignore the small profits in Bitcoin investments. - page 4. (Read 3180 times)
i was always been buying in the bull market until i lost my entire cash. i recieved sense immediately. i have decided no matter how the bull runs in the market, i take my profit and wait for another round to buy the deep. i have to control my emotions these days
I totally agree with OP's way of thinking. BTC is just too unpredictable.
Leveraging has taught me a bitter lesson. I'll never leverage crypto again.
Leveraging has taught me a bitter lesson. I'll never leverage crypto again.
Which really is why I tell people who do trade that they should stick with what works and not go chasing waterfalls.
You see some solid charters or sentiment scalpers making good fractions of percentage profit... Or keeping losses tight via pessimistic stop losses and that's fine.
Even without leverage, 0.1 percent is $10 at current prices and booking that daily in compound mode is seriously good money.
Only danger for me and why I myself avoid trading is when the parabolic runs happen, or the slide of correction kicks in, you can easily wipe out several months of steady profits with a string of unexpected losses.
Tough to play if you don't have the focus to remain on the ball for months!
You see some solid charters or sentiment scalpers making good fractions of percentage profit... Or keeping losses tight via pessimistic stop losses and that's fine.
Even without leverage, 0.1 percent is $10 at current prices and booking that daily in compound mode is seriously good money.
Only danger for me and why I myself avoid trading is when the parabolic runs happen, or the slide of correction kicks in, you can easily wipe out several months of steady profits with a string of unexpected losses.
Tough to play if you don't have the focus to remain on the ball for months!
Moving all your coins around in exchanges, can be a huge risk, because the exchanges might get hacked and then you lose your whole investment. 
People have been warned so many times about the risks of using an exchange as their wallet that it's almost as if you're talking to a wall. Most people just don't get it and will keep burning themselves because of their ignorance.We also have a group of people who think that after an exchange hack the security is upgraded to such a high degree, that they assume that it has become a fort knox and for that reason won't be hacked again.
Another fairly common stupid "security measure" is that people don't use just one single exchange as wallet, but like three or four. The logic is that if one exchange gets hacked, then the coins stored on other exchanges are still safe.
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 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.
Except on hindsight, there's no way anyone would accurately predict where price will go to in this industry. Even OP doesn't know this, otherwise they would be making a great fortune from that opportunity. It's the fear of the unknown that makes anyone hodl or hoard when they should be selling off to buy later at a cheaper rate and to make more profit. So, I don't think it's greed per se.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 fact that you do not know what will happen in the future, is the exact reason why you should take small profits when the opportunity allows for it. The long-term hoarder is taking a gamble that it might reach the Moon in the future, but it might just go in the opposite direction and just collapse for some reason.
If you take these small profits and you put it aside, you reduce the risk of losing your whole investment. I would much rather do this, than stepping away from a total loss.. if something goes wrong.
Big or small profit is still consider a profit. Before I experience really a no progress in trading even in holding, those times that the market down and I almost give up, but I realize that it's much better to continue trading and having BTC since the potential is always there. It's still have chance to gain in the future.
If you give up, that is the time that you lose, that is what my teacher usually said to me.
I do have some small progress in the past when I just started investing and just waiting for a time to sell it and then go back when it falls down, but I grew bored so I started to invest in small cryptocurrencies but I failed. I did not give up, just like you I continue and I am still not a millionaire but I do appreciate those small profits that I am getting since that is an indicator that I learned something from the mistakes of the past that I made. That just fuels me more to do this, you should all appreciate the small things that happen to you.
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 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.
Except on hindsight, there's no way anyone would accurately predict where price will go to in this industry. Even OP doesn't know this, otherwise they would be making a great fortune from that opportunity. It's the fear of the unknown that makes anyone hodl or hoard when they should be selling off to buy later at a cheaper rate and to make more profit. So, I don't think it's greed per se.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.
some people will wait for more just because they want to get a bigger profit. But in the end, they always late to sell at the highest price.
if you are serious about earning you will do anything no matter how hard it was . you can wait longer and you can check the price more oftenly . small continous profits arent also bad but they are actually better than long unstable profits . we can get still get those small profit while still hodling at the same time . we can do it if we will only withdrew the amount that we earn and leave our starting balance on our btc wallet .
Big or small profit is still consider a profit. Before I experience really a no progress in trading even in holding, those times that the market down and I almost give up, but I realize that it's much better to continue trading and having BTC since the potential is always there. It's still have chance to gain in the future.
But some people will wait for more just because they want to get a bigger profit. But in the end, they always late to sell at the highest price. If I were those people, I would love to take any profit I see in the market because, after that, the price will be down for a while before it could increase higher again. I don't want to lose any profit, and I only think about how I can make a profit from trading. That is happening in the bitcoin market, and so far, actually, we are making a lot of money from bitcoin itself, but that will only if you can find a good time to buy and sell bitcoin.
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 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.
Except on hindsight, there's no way anyone would accurately predict where price will go to in this industry. Even OP doesn't know this, otherwise they would be making a great fortune from that opportunity. It's the fear of the unknown that makes anyone hodl or hoard when they should be selling off to buy later at a cheaper rate and to make more profit. So, I don't think it's greed per se. 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.
It will depend on their strategies with regards to this. If they target is to get 50% profit then they will do it. Now if they choose 5-10% then better as long as you know when to go in again and buy. Small profits in Bitcoin is good if you know when to go in and out but if don't know then its better if you hold it until you reach your target selling price.
Aiming big is also a big challenge and seeing others did it, it helps us to encourage ourself and be like them in the future.
A lot of people being in here just because of the positive results and even millionaire came in to take this opportunity.
Small turns into big and it become bigger when we tried ourself to improve our strategies and as well as our capital. We should never think for an instant ROI instead, we have to patiently wait for it.
This is real to think positive about crypto and to have faith on your earning you I’ll gain big id you will plan well just be ready and focus on your goal. Bitcoin is the best coin to use for trading it gives profit so keep trading with bitcoin it has good future and high profit. Small earning turn into high profits but it takes time.A lot of people being in here just because of the positive results and even millionaire came in to take this opportunity.
Small turns into big and it become bigger when we tried ourself to improve our strategies and as well as our capital. We should never think for an instant ROI instead, we have to patiently wait for it.
Patience is vital in trading, you need to have both the character and the skills in order to be successful in the long run.
Having patience, will make you mature and understands how things needs to work, and you will have satisfaction even with a small profit, because your mentality is always positive, and you will think that a profit is a profit.
The reason why lot of traders fail in their journey is because they want to have an instant success but that's not how this market works.
Smart people here always understands the different market scenario and that is why they need to come up with different strategy in different situation.
Buying dip also requires carefully studying that the dip you are buying is the dip, buying dip is not also easy, let me give you an example of what you are advising people to do did to me, when bitcoin crossed to $13800, I took my little profit because I knew that there was going to be a dip, and then I waited for the dip to drop to $13000 which I bought hoping that it would increase a little bit again for me to take my profit.
From the point that I bought at that $13000, till now, I have not been able to pull out the fund again because I never knew the dip was going to be dipper, so I had to leave the fund which has automatically turned me to a long term holder eventually because I can't pull the fund out till the price goes back to the $13800. I understand you but the choice is left to everyone to decide which would be better for them.
From the point that I bought at that $13000, till now, I have not been able to pull out the fund again because I never knew the dip was going to be dipper, so I had to leave the fund which has automatically turned me to a long term holder eventually because I can't pull the fund out till the price goes back to the $13800. I understand you but the choice is left to everyone to decide which would be better for them.
Moving all your coins around in exchanges, can be a huge risk, because the exchanges might get hacked and then you lose your whole investment.
Not just moving it around, but storing it on an exchange most especially for the reason of day trading, with an excuse that it's difficult moving your coins from wallet to exchange all the time.I think everyone should learn from the hacks that exchange have suffered in the hands of scammers and desist from leaving their coins in an exchange, rather in a safe wallet, that's the only way the coin can be called theirs.
I just want to add something important :
Do not sell all your coins when you take small profits. You might just sell all your coins at a high price, hoping that it goes down for you to buy again and then the 2017 type Bull market repeats it self and you will have no coins in the game to be able to capitalize on the new all time high.
I have a few coins that I take small profits on and then I have my main hoard in cold storage that are just waiting for the Moon.
Moving all your coins around in exchanges, can be a huge risk, because the exchanges might get hacked and then you lose your whole investment.
Do not sell all your coins when you take small profits. You might just sell all your coins at a high price, hoping that it goes down for you to buy again and then the 2017 type Bull market repeats it self and you will have no coins in the game to be able to capitalize on the new all time high.
I have a few coins that I take small profits on and then I have my main hoard in cold storage that are just waiting for the Moon.
Moving all your coins around in exchanges, can be a huge risk, because the exchanges might get hacked and then you lose your whole investment.
Aiming big is also a big challenge and seeing others did it, it helps us to encourage ourself and be like them in the future.
A lot of people being in here just because of the positive results and even millionaire came in to take this opportunity.
Small turns into big and it become bigger when we tried ourself to improve our strategies and as well as our capital. We should never think for an instant ROI instead, we have to patiently wait for it.
A lot of people being in here just because of the positive results and even millionaire came in to take this opportunity.
Small turns into big and it become bigger when we tried ourself to improve our strategies and as well as our capital. We should never think for an instant ROI instead, we have to patiently wait for it.
You have to understand that most people knew about Bitcoin when the high price pump in 2017, which crossed the price of 20k.
So, most people who start investing in Bitcoin have that intention of making close to that amount or even more than that. They ignore the little gains without understanding that before the big wins comes the small wins which create impacts too.
So, most people who start investing in Bitcoin have that intention of making close to that amount or even more than that. They ignore the little gains without understanding that before the big wins comes the small wins which create impacts too.
Don't just neglect those opportunities which could provide you sustainable profit, even if it's not that big as expected. Small gains will help us survive while market still not able to establish a bigger profit. Patience is our key in order to make it in the end.
We better be appreciative of small gains although we all like big gains.
When I enter into crypto investing, I always think of big profits but it never came into my mind that I will be able to earn it in a short term period, earning it in a short term is just a bonus but like I said, it's better to conditioned our mind that it's more probable in the long run.
Bitcoin with small gains as long as its steady is good, people are greedy, we can't change that reality, but if we will remain realistic, we can always make a good decision and be able to sell at the right timing.
Trading is for some but others will never do it. If I had 100 bitcoins lying around safe in cold storage I'd be scared to move them and risk losing some or compromising my identity in an exchange data leak. This would limit my trading options but who cares I'd still be rich. 
Your advice is good but it's not for all of us. You can't make a trader into hodler or a hodler into trader. It's a state of mind.
Your advice is good but it's not for all of us. You can't make a trader into hodler or a hodler into trader. It's a state of mind.
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.
Yeah, people should keep this in mind while investing on crypto currencies. These small profits are the main profits which will eventually pile up into one decent good looking profit amount. The opposite is true too. The users should never ignore small losses. These small losses are ignored by many people thinking they can easily cover up those loss. But trust me, its those small losses which are the worst and causes a huge hit in the long run. 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.
People have different mentalities when it comes to investment, some would just keep regretting that they have sold some coins at low price, even if it was only small amounts. I wouldn't call it exactly a mistake and being too greedy, a mistake would be not selling at all hoping for even higher price, and then seeing your investment turn red, and panic selling. Any selling with a profit is already a success, and what you have described is just one of the viable strategies.
You are actually right! People do have different mindsets when it comes to investment handling and also different on what would be their goal look like.Some targeting out for long term aspects and some are going for shorter but on gradual basis.It just depend also with your capability too because not all people are good on getting small profits on short time frames thats why majority will go after on holding on a specific amount of time.
As long we didnt sell on loss then we are still on the good path no matter how small the profit we do able to make.
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