Topic: Do not ignore the small profits in Bitcoin investments. - page 5. (Read 3180 times)
I think such trading is suitable either for people who are well versed in cryptocurrency, or for people with good intuition. It is not so easy to choose the right moment for buying or selling. Although, that's the beauty of this strategy. It is difficult, but brings a very good and fairly stable income.
This is a really cool strategy for earnings. But you need to be able to engage in trading. For me personally it's too complicated. I do not know how to catch such fluctuations in prices and understand that this is a good time to sell. Therefore, this method is suitable only for crypto professionals.
Most common mindset of crypto investor is making huge profits that is the reason they didn't care about the small profits,if they collected all the small profits then they already might turn into ocean of profits.Most traders try to cash out in small time frames which leads to weakening their crypto holdings.
Totally agree with you. Personally, I'm a scalp trader who just take small profit and i can re-open position in the market many times. Actually, in small time frame, there are lot of opportunities for us to make profit, time frame m15 until H1 that possible to start open and close transaction.
But, its depending on every trader trading style, if they can hold profit until hit the target point its great. And if won't miss in every single opportunity, being scalper is good choice. Whatever which one you will choose, but don't regret any decision that you made.
But, its depending on every trader trading style, if they can hold profit until hit the target point its great. And if won't miss in every single opportunity, being scalper is good choice. Whatever which one you will choose, but don't regret any decision that you made.
There is nothing wrong with long-term hoarding, but when the opportunity is there to take some small profit, then you should take it. 
The long-term approach is one of the best trading strategies for me. Taking varying amounts of profits overtime and accumulating to a much higher goal. It gives a trader something to fall back on, should the market turn sour unexpectedly.
That's why I always suggest timing rather than patience, the market changes unexpectedly and there are opportunities to profit littered about, and not just the promise of a grand finish.
I must agree with you, but there are some things that prevent you from getting enough profit from trading bitcoin every day. The main problem is the exchanges and their high fees
I tend to disagree mate because you can choose in which exchange to get in so why choose the higher fee?and besides the transactions now are losing value so I guess that’s not the problem hereTrue the small profit are really useful when responsibilities call. It is a source of solving certain financial problems, I do take my profit to solve certain issues then wait to buy later. Sometimes, you can't help it.
That’s the problem if we don’t invest by our spare money because for sure anytime we need some we have no choice but to sell our coins and the essence of Holding is gone 
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.
Everyone has different perspectives on profits and they have a reason why they still choose to place BTC as a long-term investment that only sells at the price they have targeted.
I am sure there are also those who choose not to sell it even though it is profitable (small profit) because they are afraid of losing the moment when BTC will return to ATH.
It could also be because they still have money that they can use for everything they need or even they specifically buy BTC just to buy something with BTC without using the BTC they have set as a long-term investment.
I am sure there are also those who choose not to sell it even though it is profitable (small profit) because they are afraid of losing the moment when BTC will return to ATH.
It could also be because they still have money that they can use for everything they need or even they specifically buy BTC just to buy something with BTC without using the BTC they have set as a long-term investment.
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.
For someone to profit from trading with cryptocurrency, it is crucial to understand what this is really about. We often see people coming from different trading markets thinking that trading with crypto is same as trading with stocks or gold. In my personal opinion, trading with cryptocurrency is much more complex then trading with gold, especially for the sake of security itself.
I agree that in some cases is better to take small profits when the opportunity arises, then to just hold for long-term. But we can do both, just by divide some funds for trading, and rest of coins can be stored as long-term investment.
I would say that this year is very good for trading since price was close to $3000 at the bottom, and almost $14 000 at its peak. It is about $11k profit if you buy low and sell high per 1 BTC. And we can see that only in last 3 months price is drop sharp at least 3 times close to $9000, and bounce back above $10k very fast, so whoever tracks the price movement in recent months has a chance for a really nice profit.
That's just the thing I am trying to say. It is better to capitalize on the bear market and to reduce your expose of your own investment capital to risk, by taking profits regularly.. than hoping for the best and hoarding long-term.
By doing this, you would at least have taken something for your effort, in the event that something bad happens and if this thing goes to zero.
Do not do this too regularly, because the trading fees would eat too much of your profits. Mine is about 1% of the total amount traded and if I withdraw, then withdrawal fees are added to that.
Goal : Reduce the risk
Thats what im trying to tell everybody. First goal should be not lose money then its up to market psychology, if its like now (fight against beat and bulls) accept little profits, if its bullish, guarantee your profit then update your stoploss in every up move and check the first strong resistance.
Yes, when we loss truly the mind won't think of anything. It just wants to get back the loss. This most of the time triggers to take wrong decisions which once again causes loss. As stated it is always good to go with profit, even if it is very small that what we've targeted. The market is volatile, and there is no need to panic, we get more and more chances to make the buying and selling. Very important thing I prefer is to take decisions depending on the market situation. When it is bullish if someone is selling it is a wrong decision. Likewise certain do's and don't need to be followed. 
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.
simple strategy but very efficient 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.
Personally im 100% agree and honestly I prefer to get a small profit every day than I have to wait for a long time just to get a big profit. because I think if we calculate the total profit we get, maybe the daily profit with a small amount will be greater than the big profit over a long period of time 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.
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.
For someone to profit from trading with cryptocurrency, it is crucial to understand what this is really about. We often see people coming from different trading markets thinking that trading with crypto is same as trading with stocks or gold. In my personal opinion, trading with cryptocurrency is much more complex then trading with gold, especially for the sake of security itself.
I agree that in some cases is better to take small profits when the opportunity arises, then to just hold for long-term. But we can do both, just by divide some funds for trading, and rest of coins can be stored as long-term investment.
I would say that this year is very good for trading since price was close to $3000 at the bottom, and almost $14 000 at its peak. It is about $11k profit if you buy low and sell high per 1 BTC. And we can see that only in last 3 months price is drop sharp at least 3 times close to $9000, and bounce back above $10k very fast, so whoever tracks the price movement in recent months has a chance for a really nice profit.
Thats what im trying to tell everybody. First goal should be not lose money then its up to market psychology, if its like now (fight against beat and bulls) accept little profits, if its bullish, guarantee your profit then update your stoploss in every up move and check the first strong resistance.
Thank god there are still enough greedy people who prefer to HODL their bitcoins instead of selling them and leaving the crypto world.Without them the bitcoin price probably would have been somewhere around 1000 USD.I acquired about 0.28 BTC last year at 4-5K USD and I sold around 0.2 BTC this summer for prices that are between 8.5K and 10.5K USD and I'm still kinda disappointed of the fact that I made almost 100% ROI.This is weird.
Everyone has his own perspective, some people decide to take profits in a short time frame some prefer to take in the long-term. No matter where you take your profits but keep in mind the longer your profits grow the better your returns are. This way you can create consistency in your trading.
I must agree with you, but there are some things that prevent you from getting enough profit from trading bitcoin every day. The main problem is the exchanges and their high fees
I don't think that is a problem since you will not be cashing out your balance that easily right? Let's say that you trade another crypto currency, day passed and you earned $10, will you quickly trade and cash out? That easily? No, obviously that balance will stay at that site and you will continue to trade, continue to buy and sell on that site.
Been doing that strategy.
Taking small profits to spend on the things that I use and utilities that I'm responsible with. Just be responsible to keep something for you and keep your bitcoin investment too.
Taking small profits to spend on the things that I use and utilities that I'm responsible with. Just be responsible to keep something for you and keep your bitcoin investment too.
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.
I think feel regret when sell too fast does not mean we are not grateful, we as traders must be clever in getting the maximum profit possible, and when you sell in the not right time then it is natural that you regret because you did not do the analysis and calculation correctly. but if you don't dare to take big risks, then be grateful for any small profits.
That is still a + so it's a good practice not to ignore those small profits. You may even just hold on it for a long time and hope that it will give you some good profits in the future. As others are saying in crypto world, you really need to have a lot of patience here, so can't just go uber rich overnight.
And I'm sure that even those who became millionaires here started very small profits in the beginning, but they didn't bother and just to continue to grind every day until they accumulated so much by buying in the dip and plain HODLING.
And I'm sure that even those who became millionaires here started very small profits in the beginning, but they didn't bother and just to continue to grind every day until they accumulated so much by buying in the dip and plain HODLING.
The strategy of buying low and selling high can only work when actually the price increased within that space of time, if it doesn't, then one would be forced to hodl and it could then be deemed long term trading. So I think what could determine how long one holds a coin could be the price movements of the coin during a particular period of time.
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