How much money from my profits i should put in bitcoin ?

Zanab247

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Quote from: new19980 on November 18, 2024, 04:23:55 PM

Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

I guess you are doing the right thing by using DCA method to accumulate BTC in your wallet and you will have a good reward when you are ready to sell them in the bull run in the next 10 years because by then the price of BTC will pump above $1m to allow hodlers to take the advantage of the price to make massive profits. Even though you want to add another coin to the BTC, let it be decentralize currency because they are reliable more than those centralize currency that don't use to help customers to grow profits faster in the long run.

I believe you are using electrum wallet to hodl your BTC? If no, please try and download electrum wallet to hodl your BTC because the wallet is well secure and safe for long hodling, and it will be very hard for scammers to have access to your BTC in your electrum wallet if you keep the seeds phrase and password away from public.

santosmichael

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Quote from: new19980 on November 18, 2024, 04:23:55 PM

Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

may know 60-70% is your profit for how long ? because it is very big in my opinion

during my crypto trading, I target 30% profit for 4-6 months, depending on the market

and for your question, my suggestion is you can save it first until the market conditions are right to buy, such as when there is a correction in btc,
if I will save it in another crypto and trade small there, until the moment to buy btc there

Princess Leah

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Quote from: GbitG on January 16, 2025, 06:41:59 PM

Quote from: new19980 on November 18, 2024, 04:23:55 PM

Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

Hmmm,

investing in Bitcoin is such a nice idea, but to be honest according to your text you should need to take your act with his own hand. Here we can give you just some academic advice.

But anyway, let's jump to the field. Currently Bitcoin is in the bull phase and almost it in the peak of its surgeness. So it's up to you that if you are a long term holder, then you don't need to take more time just dive in it and grab it. But if you are short term holder then it is definitely not the right time to invest in it. And let me tell you something more if you are looking for long-term investment then you should continue your buying through DCA. Because DCA is the only strategy that can help you in every situation, whether it is a bull run or a bear market, it gives you the opportunity to accumulate more and more Bitcoin.

It's think it would be much more preferable for the OP to use some percentage of the profits he's gaining from trading Altcoins like he stated and start doing the DCA cause while he's wanting to buy a stable coin and wait for a bear season to occur before buying bitcoin, he would miss a lot, bitcoin is in a bullish season currently and based on the upcoming inauguration of the first pro bitcoin President elect of the states, there's a speculation of a massive bull run ahead.

So, it would be wise to start staking so as to participate on the benefits of a possible bull run after the inauguration, and i hope he's aware that bitcoin involves longitivity and not like Altcoins that's withdrawn randomly whenever he makes profits.

GbitG

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Quote from: new19980 on November 18, 2024, 04:23:55 PM

Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

Hmmm,

investing in Bitcoin is such a nice idea, but to be honest according to your text you should need to take your act with his own hand. Here we can give you just some academic advice.

But anyway, let's jump to the field. Currently Bitcoin is in the bull phase and almost it in the peak of its surgeness. So it's up to you that if you are a long term holder, then you don't need to take more time just dive in it and grab it. But if you are short term holder then it is definitely not the right time to invest in it. And let me tell you something more if you are looking for long-term investment then you should continue your buying through DCA. Because DCA is the only strategy that can help you in every situation, whether it is a bull run or a bear market, it gives you the opportunity to accumulate more and more Bitcoin.

Moreno233

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Quote from: I_Anime on January 16, 2025, 01:20:14 PM

Quote from: new19980 on November 18, 2024, 04:23:55 PM

Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

To me is better to start now with some DCAing, and you can start with any amount of your choice there's no deadlines or something, so there's no need to be in rush , just start accumulating and keep your investment smooth, but don't over do it when purchasing just in the name of trying to be aggressive ( like using your emergency funds to purchase). So is for you to decide the amount you wanna use to start the only advice I can give to you for now is to start with DCAing.

From post, the OP is already making profits from trading altcoins and wants to invest part of the profits into Bitcoin. For me, since he is already making progress in that, he has to continue doing that and use the approach of investing his profits in Bitcoin for long term holding. This is smart and something I know few guys that do it successfully. If I have a strategy that gives me net profits in trading, I will definitely use this method because it seems reasonable.

Onyeeze

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Quote from: new19980 on November 18, 2024, 04:23:55 PM

Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

in cryptocurrency investment especially Bitcoin nobody tell anybody what to do, what I know concerning bitcoin is that once you invest the more you make more profits if bull season approaches bitcoin, so it’s good for you to invest on Bitcoin and refuse to panic knowing that the price will surely increases, for me I will prefer investing in bitcoin more with the profits I have already realised in the one I invested, despite that it's a risk, so bitcoin investment is something of risk that you may make profit or not during the investment.

I_Anime

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Quote from: new19980 on November 18, 2024, 04:23:55 PM

Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

To me is better to start now with some DCAing, and you can start with any amount of your choice there's no deadlines or something, so there's no need to be in rush , just start accumulating and keep your investment smooth, but don't over do it when purchasing just in the name of trying to be aggressive ( like using your emergency funds to purchase). So is for you to decide the amount you wanna use to start the only advice I can give to you for now is to start with DCAing.

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However, predicting market trends is difficult. Therefore, it is important not to try to "buy at the bottom" or "sell at the top" precisely. Instead, focusing on long-term trends and fundamental analysis may be more helpful in making decisions.

Tmoonz

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Quote from: Justian1993 on January 16, 2025, 01:38:07 AM

Quote from: new19980 on November 18, 2024, 04:23:55 PM

Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

btc is now quite high,
if I were you, maybe I would take a safe or conservative step by buying btc when the price corrects

so for the time being maybe I will put it in usdt or in other crypto then do small trades there, when btc has reached the correction price then I will start trading in bitcoin again

It is short sighted for anyone to think that Bitcoin price is now high the reason being what is seen as being a high price now will be seen as dip tomorrow, the logic is to buy whenever you have your investment money readily available, the DCA strategy allows investors to buy Bitcoin bit by bit without being borederd about the price points either weekly or monthly, Bitcoin is best appreciated over a long term and not just for a few dollar profits, buy and hold for as long as necessary and enjoy the compounded value of your investment over time which is better than chasing for few dollar profits, looking for short term profit can cause lot of emotional devastation the reason why i don't usually encourage anyone to do.

Youngrebel

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Quote from: new19980 on November 18, 2024, 04:23:55 PM

Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

The only person to make the best decision is your self. Take a critical analysis of all the options you listed out, ensuring to analyze possible advantages and disadvantages and disadvantages and then you pick up the one with the most advantages. Also, it's very important to know that taking a decision quickly when it comes to investment is of utmost importance because as the earlier you invest the better considering making a long term investments.

Zackz5000

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Quote from: Justian1993 on January 16, 2025, 01:38:07 AM

Quote from: new19980 on November 18, 2024, 04:23:55 PM

Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

btc is now quite high,
if I were you, maybe I would take a safe or conservative step by buying btc when the price corrects

so for the time being maybe I will put it in usdt or in other crypto then do small trades there, when btc has reached the correction price then I will start trading in bitcoin again

Buying now is good and take off the mindset of trading bitcoin and try as much as possible to hodl Bitcoin for long you should also try as much as possible to avoid shitcoins or you can as well invest just 10% of your income into shitcoins so you won't loss much when it finally crash down, the best way to approach bitcoin investment is to accumulate Bitcoin and hodl for long from period of 4-10 years or more instead of waiting for bitcoin to drop in price be buying which is called buying the dip method this method will delay your Bitcoin accumulation journey meanwhile with the DCA strategy you can start accumulating Bitcoin small small as long as your discretionary income is available as you can be buying either weekly or monthly irrespective of bitcoin price and hodl instead of waiting for the price to drop first before buying, what if bitcoin price failed to drop it means you won't actually be accumulating right? If your answer is yes then you are wrong.

Justian1993

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Quote from: new19980 on November 18, 2024, 04:23:55 PM

Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

btc is now quite high,
if I were you, maybe I would take a safe or conservative step by buying btc when the price corrects

so for the time being maybe I will put it in usdt or in other crypto then do small trades there, when btc has reached the correction price then I will start trading in bitcoin again

Victorybit1

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Well that depends on you, no one should tell you how much to invest in Bitcoin, that should be a decision you make by yourself based on your income level. There are people that still work low paying jobs and try to invest 80 percent of what they earn in crypto, this isn't advisable if you ask me because whatever happens to your assets would affect you financially, having nothing to fall back to is indeed a precarious situation to be in. No one said you can't invest in Bitcoin but you should invest based on your capacity. Those that don't have what they do to get an extra income can't be patient enough to invest.

Cityhunter34

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Investing in Bitcoin is best when done independently, rather than relying on someone else's advice. When it comes to Bitcoin investments, it's essential for individuals to decide their own profit margins. This way, if losses occur, investors can take full responsibility for their decisions and avoid blaming others.

Zackz5000

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Quote from: new19980 on November 18, 2024, 04:23:55 PM

Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

Your strategy towards bitcoin investment will really delay your accumulating process since you are always waiting for bitcoin to drop in price before buying bitcoin meanwhile you can still be accumulating Bitcoin using the DCA method provided you have your discretion money because you will accumulating Bitcoin with the level of your discretionary income in a way that it won't affect your personal needs which may lead to sell out your Bitcoin hodling in short while remember it is best you accumulate Bitcoin and HODL for a longer time with your DCA strategy you can start accumulating Bitcoin gradually increasing your Bitcoin stack either every week or month regardless of the price of Bitcoin and HODL for long instead of waiting for Bitcoin to drop price before you can start accumulating Bitcoin.

Samlucky O

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Quote from: new19980 on November 18, 2024, 04:23:55 PM

Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

My friend who is doing crypto for a long time now always told me that "Invest only what you can afford to lose" and funny because he sold his first house just to buy Bitcoin. So yeah, I think it depends on what you can afford to lose (lol)

Well what your friend told you about buying Bitcoin with what you can afford top lose, it's actually true. But that doesn't mean if a person want to sell his house to buy Bitcoin is not a nice idea. I think before he want to sell that house to buy Bitcoin, maybe he could have some other Houses but chose to sell one out of them and invest into but Bitcoin as lump sum amount. Which will be profitable in the future. And we all knows how volatile Bitcoin could be, maybe in the next few years from now, what the house will yeild in profit maybe x2 or x3 of the invested amount which the house cant give that amount in return if it was rented out to tenant in that time frame.

avp2306

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Quote from: Judith87403 on January 05, 2025, 04:57:08 AM

Quote from: Coyster on November 18, 2024, 05:37:54 PM

From what you wrote in your OP, i can deduce that you have been buying bitcoin for many years now, we can say you are using the DCA strategy. So i think you can continue buying as you have been doing, because you have been buying at different (lower) prices, so the high price right now wouldn't really affect you and also cause bitcoin price is predicted to continue rising.

Actually I don't think if it is the right time to invest in bitcoin because the price is still very expensive and no one knows what will be the next move, I think the best thing to do right now is to wait for the price to be corrected before thinking of investing in bitcoin. of course everyone is making their own prediction, if you said Bitcoin price is predicted to continue rising I think that's in your own view. for me I have absolutely nothing to say about the movement either, but to be in the safer side I think you should hold on and wait for the price to be corrected before you should think of investing, by then I think the price will be somehow cheap for you.

So what if the price of Bitcoin would pump more do you think its beneficial for those people who get afraid for current price of Bitcoin? For sure with those waiting game they made nothing will happen to them. Also its so risky if they engage with buy low and sell high schemes since although its easy to think that they can do it that way, but actually when they execute this especially if they are trading in the market for sure they found out that market is unpredictable and hard for them to do those plans what came up on their mind.

That's why if they feel that they are ready to enter then do it at whatever price Bitcoin showing to them. Because its hard to regret on some opportunity that already pass that's why better for people to grab each opportunity they have and learn what's best thing to do so that they could think about what's better counter action on each situation showing up to them and make it as advantage so that they can earn money from those activities.

Franctoshi

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Your income strength is the major thing that determines how much you are to invest into Bitcoin, and secondly your investment should be according to what you can afford to lose, even if you are earning $100k, it doesn't mean you can afford to lose let's say 1k , what one can afford to lose varies from one individual investor to another and it depends on how exposed you've been with money can determine your risk exposure. Therefore, these are the very factors you should consider before investing, So calculate your expenses and your needs and take the money out, then next is investment.

SuperBitMan

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Quote from: Judith87403 on January 05, 2025, 04:57:08 AM

Quote from: Coyster on November 18, 2024, 05:37:54 PM

From what you wrote in your OP, i can deduce that you have been buying bitcoin for many years now, we can say you are using the DCA strategy. So i think you can continue buying as you have been doing, because you have been buying at different (lower) prices, so the high price right now wouldn't really affect you and also cause bitcoin price is predicted to continue rising.

Actually I don't think if it is the right time to invest in bitcoin because the price is still very expensive and no one knows what will be the next move, I think the best thing to do right now is to wait for the price to be corrected before thinking of investing in bitcoin. of course everyone is making their own prediction, if you said Bitcoin price is predicted to continue rising I think that's in your own view. for me I have absolutely nothing to say about the movement either, but to be in the safer side I think you should hold on and wait for the price to be corrected before you should think of investing, by then I think the price will be somehow cheap for you.

There's no right time when it comes to bitcoin investment especially if you are planning on holding it for a long term, waiting for a dip to happen before you accumulate is a waste of time, what if a dip don't happen as expected will you keep waiting for it, Bitcoin has not reached half of it's growth limit so why waiting for a dip to happen before you accumulate, it is only people that don't understand or know the potential of Bitcoin that will always wait for a dip to happen before they can accumulate, the price you are seeing Bitcoin now and thinking it's expensive will grow more than that in few years to come.
There was a time when Bitcoin was $10k and a lot of people where thinking it was too expensive and because of that they refused to accumulate some said they will wait for a dip to happen before starting and that was how they never invested on it till date, now Bitcoin is $100k, and some people are still saying again that Bitcoin is too expensive and they will wait for a dip to happen before they can start accumulating and same thing will repeat it self, Bitcoin will hit $500k to $1 million and this set of people will regret there action, there's no best time for Bitcoin accumulation Start your journey today without delay.

GiftedMAN

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Quote from: Judith87403 on January 05, 2025, 04:57:08 AM

Quote from: Coyster on November 18, 2024, 05:37:54 PM

From what you wrote in your OP, i can deduce that you have been buying bitcoin for many years now, we can say you are using the DCA strategy. So i think you can continue buying as you have been doing, because you have been buying at different (lower) prices, so the high price right now wouldn't really affect you and also cause bitcoin price is predicted to continue rising.

Actually I don't think if it is the right time to invest in bitcoin because the price is still very expensive and no one knows what will be the next move, I think the best thing to do right now is to wait for the price to be corrected before thinking of investing in bitcoin. of course everyone is making their own prediction, if you said Bitcoin price is predicted to continue rising I think that's in your own view. for me I have absolutely nothing to say about the movement either, but to be in the safer side I think you should hold on and wait for the price to be corrected before you should think of investing, by then I think the price will be somehow cheap for you.

There is no right or wrong time to invest in Bitcoin especially for someone who is investing for a long time, waiting on the price movement may not be a good thing for a long term investor as the price may never reduce the way you want before you could invest. Regardless of the current price I still insist that you should keep investing because the price of Bitcoin will keep changing with time as the day goes by.
For someone who is using a DCA method, the price movement has nothing to affect you so long as you are consistent in your investment you will always be at advantage anytime the price rises or goes down.

Topic: How much money from my profits i should put in bitcoin ? (Read 1344 times)