How much money from my profits i should put in bitcoin ? - page 2.

Perfectbaby

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Quote from: GeorgeJohn on November 30, 2024, 12:11:17 AM

Quote from: michellee on November 28, 2024, 02:50:26 AM

@OP can still buy Bitcoin with his profit. But before he decide to buy Bitcoin, he need to know the right time to buy so he doesn't have to buy when the price is at a high price. The current price still be good to buy because Bitcoin gets correction although we don't know how long the situation can change. Although the market now is back to the green candle, that doesn't mean the price can still increase and back to $99k. But yes, it is better to buy Bitcoin when the bearish time so you can gets more Bitcoin.

Maybe you can try to makes more and more profit in USDT and hold that USDT until the bearish market comes. That will helps you to buy Bitcoin in a low price at that time.

at this time I don't think bitcoin you purchase now you will experience lost from purchasing bitcoin now, bitcoin is something you can purchase now and mistakenly it increases or decrease, why I'm saying these, is because I know when bitcoin were at seventy thousand [70k] and within short range bitcoin increases to eighty thousand [80k] so base on this recent increase that we are expecting bitcoin to hit hundreds thousand [100k] happens within this time purchase bitcoin when as the price is at ninety six thousand [96k] definitely you will make a reasonable Profit on the process.

It is actually right to purchase bitcoin right now but as a newbie he is he should apply DCA because when he purchased one off there may be a market correction where he would panicked and sell of his/her bitcoin so easily without knowing the rules of the market. Buy small and when on correction then he can buy more, with this he may end with some good fraction of bitcoin.

If it was a professional or a bitcoin enthusiast he could hard at least knows how to manage the market conditions without being so much afraid of the market to lose their investment.

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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 would say you should continue with the 30 percent you are currently using to invest on Bitcoin because a lot of people are trying very hard to have a good way to use on bitcoin, so actually do not allow the price of Bitcoin to make you change your mind into using those 30-40 percent for USDT because there would come a time when you would regret the decision, so preferably I would suggest to you that since you have a plan of keeping some money into USDT to invest on Bitcoin when the price drop, you can possibly cut a little percentage from your remaining 70 percentage to use when you are ready, however I must say that you are very good in trading because is actually rare to see someone boosting there investment on Bitcoin through trading profit but if i were to be you I will not rely completely on trading because it can fail.

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Quote from: michellee on November 28, 2024, 02:50:26 AM

@OP can still buy Bitcoin with his profit. But before he decide to buy Bitcoin, he need to know the right time to buy so he doesn't have to buy when the price is at a high price. The current price still be good to buy because Bitcoin gets correction although we don't know how long the situation can change. Although the market now is back to the green candle, that doesn't mean the price can still increase and back to $99k. But yes, it is better to buy Bitcoin when the bearish time so you can gets more Bitcoin.

Maybe you can try to makes more and more profit in USDT and hold that USDT until the bearish market comes. That will helps you to buy Bitcoin in a low price at that time.

at this time I don't think bitcoin you purchase now you will experience lost from purchasing bitcoin now, bitcoin is something you can purchase now and mistakenly it increases or decrease, why I'm saying these, is because I know when bitcoin were at seventy thousand [70k] and within short range bitcoin increases to eighty thousand [80k] so base on this recent increase that we are expecting bitcoin to hit hundreds thousand [100k] happens within this time purchase bitcoin when as the price is at ninety six thousand [96k] definitely you will make a reasonable Profit on the process.

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Quote from: Ever-young on November 29, 2024, 05:01:32 PM

I don't consider bitcoin to be high in price as long as the buyer knows exactly what reason they are buying it for, just as the OP who wants to invest his trading profit in Bitcoin at any price, which Bitcoin is at when he realises that profit can be considered the best price as of that moment, and I don't see any point for him or her to hesitate from buying that moment with the hope and intention of waiting for the price to drop down, which might take forever to happen. Long-term holding means years or longer than 5 months is good enough for the OP as long as he can also be monitoring the market just as he monitors his trade and takes profit when necessary.

It is possible to earn profit in trading since the price of bitcoin right now increased a little bit and there's a chance that it will decrease like 1-6% or even more which is a chance to buy small amount of bitcoin and then sell when the price increase again but if he wants to do it then as you have said, monitoring the market and his funds will be necessary in order to gain profit during the short time. It eill be okay to buy bitcoin right now unless you are willing to hold it until the next bull season.

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Quote from: 348Judah on November 22, 2024, 02:27:46 PM

For now, the bitcoin market is already high and buying now may not be that profitable sooner except if you might be interested in holding it for years, also, i cant advise that all asset be left on the same coin, but you can always diversify, i don't think there is something too wrong with what you're doing from the way of the look of it, your initial pattern is well to do and ok, since it has been working for you ever since you're using it, all i could say is to keep it up.

I don't consider bitcoin to be high in price as long as the buyer knows exactly what reason they are buying it for, just as the OP who wants to invest his trading profit in Bitcoin at any price, which Bitcoin is at when he realises that profit can be considered the best price as of that moment, and I don't see any point for him or her to hesitate from buying that moment with the hope and intention of waiting for the price to drop down, which might take forever to happen. Long-term holding means years or longer than 5 months is good enough for the OP as long as he can also be monitoring the market just as he monitors his trade and takes profit when necessary.

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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

Just invest what you can afford to lose in BTC because BTC investment is different from other investments, you can invest money and start making profit instantly from other investments but it will be difficult for you to experience such thing from BTC because the industry use to display bear run and bull run which the two display don't use to occur in the same time in the industry which are some of the things you need to know about BTC before investing. I will advise you not to invest in USDT because it will not give you plenty profits from your hodling, but BTC will be the investment that will boost your profits when you decide to hodl for long years before you can trade, because that is what is accumulating hodlers profits.

You must use good and safe wallet to hodl your BTC, and I will recommend you to use electrum wallet which is among the best wallet you can use to hodl your BTC for long years and nothing will happen to your BTC, if you don't expose your seed phrase and password to people.

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Quote from: Judith87403 on November 23, 2024, 04:32:17 PM

Well in my own opinion I think this is not the right time to buy bitcoin reason been that the price of bitcoin is very high now, you don't know if it still have the potential to increase more than this. This is why you don't need to invest in bitcoin right now, you can wait maybe when there's a deep in the price of bitcoin then you can decide to buy, because by then it will be somehow cheap for you.

you speak with such level of certainty that this is not the best time to buy bitcoin as though you are so sure that bitcoin would not go above this price again. even though i understand that the angle you are coming from is based on the fact that bitcoin just witnessed recent bull and expectedly, you might think we might get some correction that will present a better buying opportunity but the truth is that we are not sure of the extent of the correction that is if there will even be any sort of correction in the first place. for me, buying at this price is not a bad idea as long as he is buying with some amount he would not be making use of anytime too soon.

Quote from: Judith87403 on November 23, 2024, 04:32:17 PM

However I think the choice is all yours because no one knows if bitcoin is going to do more than this, if you also want to take the risk to buy bitcoin now I will advice you use like 20percent to buy bitcoin, and then you can also use the remaining balance to buy USDT so that should incase play A fail I'm pretty sure that plan B is not going to fail as well.

normally, he will have to convert his coin to USDT which is obviously stable before contemplating on what is the best decision to make. leaving is asset in any altcoin will mean that he already risking and exposing himself to the possibility of losing it all with the coin experience a bear. again, if you are uncertain of the future of bitcoin, then there is definitely no hope for altcoin because most altcoins and meme coin are dependent on bitcoin for there pump.

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Quote from: rachael9385 on November 23, 2024, 09:20:27 AM

Since I do not know the exact amount of profits you have been making through altcoins trading, I do suggest you invest on Bitcoin now that Bitcoin haven't reached $150k.

The amount of profits OP is making from trading on altcoins do not matter, besides OP is already a bitcoin investor as he said he uses 30-40 percent of his profit from trading to invest in bitcoin and has been doing this practice for years. He is only asking for advice if he should still continue buying bitcoin with same percentage from his profits now that the price of bitcoin has increased.

Quote from: rachael9385 on November 23, 2024, 09:20:27 AM

you just need to invest with every profits and capital you have because every profits counts.

OP is already an investor, and it will be wrong for you to advice that he should use every profit and capital he has to invest ONLY in bitcoin. If he does so, where do you expect him to raise money to continue his accumulation?
OP is a trader, and from his statements, he makes profits from trading on altcoins and that is basically where he gets profits to invest in bitcoin, if he uses all his profits and capital to invest in bitcoin, how would he continue with his trading?

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@OP can still buy Bitcoin with his profit. But before he decide to buy Bitcoin, he need to know the right time to buy so he doesn't have to buy when the price is at a high price. The current price still be good to buy because Bitcoin gets correction although we don't know how long the situation can change. Although the market now is back to the green candle, that doesn't mean the price can still increase and back to $99k. But yes, it is better to buy Bitcoin when the bearish time so you can gets more Bitcoin.

Maybe you can try to makes more and more profit in USDT and hold that USDT until the bearish market comes. That will helps you to buy Bitcoin in a low price at that time.

armanda90

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Actually very good initiative from OP have decision spending profitable from trading in altcoin and invest in bitcoin, its very interested way how to make long term investment trough bitcoin and make around 10% to 30% allocated for investing.
Looking forward with bitcoin price right now have increasing drastically and reach almost $100k seems scary accumulate our profitable in altcoin put in bitcoin, but if want to be long term holder and profitable earn from trading very good way allocated around 10% for investing in bitcoin.

For every trader have small spending for daily day is better way allocated much amount for investing in bitcoin, hold today and earn much profit later exactly as long term holding have bigger opportunity to earn much profitable from bitcoin investment.

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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

if you want to accumulate your bitcoin, is better for you to accumulating your bitcoin instead of you to convert to usdt, because bitcoin is getting increased daily, once bitcoin is accelerating in price, is obvious that the value of bitcoin you hold will continue to increase in value, so I know that bitcoin will always increased, as investor it's advisable for you to convert bitcoin to usdt when the price of bitcoin you have is depreciating in value not when bitcoin is increasing in value, so that what I want you to understand, buying usdt now will not be a helping hands for you, rather plan to accumulate your bitcoin.

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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 any investment especially related to cryptocurrency, your one instinct and choice is always considered first and not peoples opinion to give you investment guide.
It is not too late to buy Bitcoin even if the price of Bitcoin hit $100k today because we are expecting a bright future ahead for Bitcoin.

Since you are an experience trader, you can use the 60-70% you wish to invest in Bitcoin and hold the Bitcoin in your personal wallet you will have the private key in your control, and if you have more profit in your trading and still wants to buy, you can always buy using DCA method to open up enough Bitcoin in your portfolio.

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Quote from: Judith87403 on November 23, 2024, 04:32:17 PM

Well in my own opinion I think this is not the right time to buy bitcoin reason been that the price of bitcoin is very high now, you don't know if it still have the potential to increase more than this. This is why you don't need to invest in bitcoin right now, you can wait maybe when there's a deep in the price of bitcoin then you can decide to buy, because by then it will be somehow cheap for you.

Cheap? Bitcoin is always cheap if you understand the technology you're buying. You're giving a wrong advisor right there because you're speaking like a trader and not an investor.

An investor doesn't wait to buy but they buy and wait because their investments isn't for the short timeframe but for the long term. Investors don't calculate their profits in hours/days or months but in years. The best investment rewards you in the future as it provides for you when you don't have the capacity to work anymore.

Bitcoin investors didn't make profits for the first few years but soon they'll be getting more than $100k per Bitcoin that they have. In the future that can be worth $200k too or more, so you aren't doing any wrong buying today.

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Well in my own opinion I think this is not the right time to buy bitcoin reason been that the price of bitcoin is very high now, you don't know if it still have the potential to increase more than this. This is why you don't need to invest in bitcoin right now, you can wait maybe when there's a deep in the price of bitcoin then you can decide to buy, because by then it will be somehow cheap for you. However I think the choice is all yours because no one knows if bitcoin is going to do more than this, if you also want to take the risk to buy bitcoin now I will advice you use like 20percent to buy bitcoin, and then you can also use the remaining balance to buy USDT so that should incase play A fail I'm pretty sure that plan B is not going to fail as well.

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Quote from: Cryptmuster on November 23, 2024, 04:54:38 AM

If this money is only for bitcoin, then it is better to keep it in stablecoins and wait for a better price to buy. I think that bitcoin has reached a phase where it is too late to buy, the price is too high and buying at such a high price you will increase the average price of your bitcoins.

How sure are you that the bitcoin price is going to drop? If the OP is planning to hold bitcoin for a long-term investment, then he can just start investing gradually, he can make use of the DCA strategy and start accumulating gradually, but if he is a short-term investor, then I will recommend he take his time to do analysis before entering the market. I know bitcoin price has increased, but I won’t say it’s already too high for investors, the bull run hasn’t even started fully, and even after the bull run, bitcoin still continues, so we are still going to keep on holding bitcoin. The only people that are supposed to be careful currently are the traders.

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Since I do not know the exact amount of profits you have been making through altcoins trading, I do suggest you invest on Bitcoin now that Bitcoin haven't reached $150k. One thing that made a lot of people not to invest on Bitcoin is because they always thinks that Bitcoin price is always high and they could not afford to invest in it now, and they put in back of their mind that Bitcoin will go down to 15k or 30k. Well, I do believe that but now that it's not too late to get started on Bitcoin investment because you still have a lot of opportunities to grab. Bitcoin will go above $100k, so now that it's still @98500k you just need to invest with every profits and capital you have because every profits counts.

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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

If this money is only for bitcoin, then it is better to keep it in stablecoins and wait for a better price to buy. I think that bitcoin has reached a phase where it is too late to buy, the price is too high and buying at such a high price you will increase the average price of your bitcoins. In addition, after such a big growth, a correction may occur, and if you want, it is better to buy on the correction, I think that buying now is not the best decision, but if you expect that bitcoin can do another x2 or more (which I doubt), then you can continue to buy.

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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

For now, the bitcoin market is already high and buying now may not be that profitable sooner except if you might be interested in holding it for years, also, i cant advise that all asset be left on the same coin, but you can always diversify, i don't think there is something too wrong with what you're doing from the way of the look of it, your initial pattern is well to do and ok, since it has been working for you ever since you're using it, all i could say is to keep it up.

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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

When you said that you putting 70% to 60% into Bitcoin we will like to know how much is the equivalent of that mentioned 70% because in Bitcoin, to make good profits it depends on how much volume of Bitcoin you holdings and at which Price you bought them, but from the look at thing's, it seems that you are involved in DCA practice, but then continue that way depends on you aim and desire from your investment and what the pressure to diversify your investment portfolio and how much you accumulated so far, all of this is what make up for your decisions.

So instead of asking us as a forum I think you should rather ask yourself the question and taking into consideration factors that are related to you individually.

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Quote from: Strongkored on November 20, 2024, 12:16:41 AM

USDT will not give you any benefit other than feeling safe from fluctuations but since USDT is centralized you have to be careful so I think buying Bitcoin from your trading profit is much better than USDT, but you still have to consider every risk because profit in Bitcoin investment depends on patience to hold it longer.

That's very correct. If he's making profit from his trading and needs a safe landing, BTC will be more preferable over the USDT, especially if the Op doesn't just buy it and keep it on their exchange account but withdraw it over to their private wallet, where they can have full control over it.

But if it's just a small amount, it can still be saved on USDT since it can easily be spent from there without any problem, and tether won't go through the stress of freezing a wallet with a small amount.

Topic: How much money from my profits i should put in bitcoin ? - page 2. (Read 873 times)