I do not think it is a good idea to invest in BTC at the current price, but if you can wait for retracements, that is a good time to buy BTC because it is cheaper than buying near the new ATH because you might regret it later if the BTC price fails to break the $93k level.
Currently, BTC is pretty stable at around $90k. Maybe you can buy BTC below $90k if it breaks that level or buy later once it breaks the $93k level. This is a breakout strategy that is usually used by pro traders out there. If you monitor the price before it breaks the previous ATH, you should notice that once it does, there is a lot of buying pressure, which is a good sign that the price will rise even more.
Topic: How much money from my profits i should put in bitcoin ? - page 2. (Read 219 times)
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
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
In as much as I will say there is no one that can actually tell you what to do or invest your profits into, I will say for a longer time frame bitcoin is my best guess, I get the logic you’re playing here of actually waiting with funds for bearish periods to buy more bitcoin which is not bad because the best period to buy bitcoin is bearish periods as there are dips you catch there but one thing still remains of bitcoin which is there is no guarantee of a dip or where the lowest price might actually be the current price it is today, so my advice is to continue with the DCA and not focus at the price if bitcoin until you get the amount of bitcoin proportion you want
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
Bitcoin's price has increased, but how sure are you that it’s not going to go higher? Bull run haven't even started yet, you still have the opportunity to accumulate more bitcoin. Your strategy is really a nice one, and I will recommend you continue like that, bitcoin price is still kind of low. Since the bull run haven’t started yet, if you keep on accumulating bitcoin now and sell during the bull run, then leave the money in USDT and wait for the next bear market, and buy back your bitcoin, don’t you think that’s going to be better? Your money is not even supposed to be in stablecoin when we are expecting a bull run soon.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
And like I always say have a budget of what you want to invest the capital sometimes determine what you will get from the market the concentration have to be the profit and what will determine that will not be a difference from the capital you might not have enough but the little you have you just have to trust it and develop it start small and finish big it's a good goal.
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.
Your decision of what to convert your profit to should be based on you and not what you are advised to do by others. The Bitcoin price now might seem very expensive for some people, but the price will still definitely increase over time.
If you still want to convert your profit to USDT, it's still not a bad idea, as you can be able to maintain the stable coin as profit rather than leaving it on Altcoin, or you can still invest some of the profit in bitcoin and leave some in USDT since you are not too sure of price movement; at least you won't have much to worry about if there is a negative change in the Bitcoin market.
If you still want to convert your profit to USDT, it's still not a bad idea, as you can be able to maintain the stable coin as profit rather than leaving it on Altcoin, or you can still invest some of the profit in bitcoin and leave some in USDT since you are not too sure of price movement; at least you won't have much to worry about if there is a negative change in the Bitcoin market.
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
Responding to the topic. I should rather ask, how much from your profits are you willing to risk or rather can you afford to lose? This question can only be answered by you as I have rephrased it for better clarity. You see like you already have a good plan in place but no one will tell you what you should do. You should be guided by your own strategy as you alone know what you want out of it . You can read more articles, listen to recent podcasts and other resources to be able to make an informed decision. 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
Just like the user above has commented, if I were taking a long term approach, I'll pay attention to his last sentence. Once again this is based on my own personal bitcoin/crypto goals.
No one can tell you how to invest, you bear the risk so you make the decision.
till btc price drop or till we see a new bear market then buy btc with that saved USDT
We are at the start of the bullrun, so you may be waiting a while for the next bear market. What we can have at anytime is a price correction, but this is more unpredictable.
Alternatively, you can buy Bitcoin now and hold, there may be some price corrections but you should have more dollar value for your portfolio in a year's time than you would now.
Alternatively, you can buy Bitcoin now and hold, there may be some price corrections but you should have more dollar value for your portfolio in a year's time than you would now.
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
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
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