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Topic: How much money from my profits i should put in bitcoin ? - page 3. (Read 1344 times)

legendary
Activity: 2184
Merit: 1302
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Put 100% into bitcoin. Everything else is garbage.
I second that, but quite a lot of altcoin investors would disagree, they will bring up some success stories of how people made X amounts through investing in altcoins, forgetting about the multitude that became bagholders or were caught up in a pump and dump scheme, or a rugpull, etc. It is safer for newcomers to buy only bitcoin, and if they understand the network well enough later on, they can gamble with altcoins if they so desire.
legendary
Activity: 2562
Merit: 1119
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
this is entirely up to you, a lot of people can recommend where you should put your profit but at the end of the day, you should do what you are comfortable with.

Put 100% into bitcoin. Everything else is garbage.
this could work for OP if he isn't looking for a variety of crypto to invest in. but if you ask me it's probably one of the best thing the OP could do.
legendary
Activity: 2268
Merit: 1655
To the Moon
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

It is very difficult to recommend to you what to do with the profit at the moment. And in any case, you will have to make the decision yourself. But if you think that the target zone for the sale of Bitcoin has already been reached, then you should fix your profit in the stablecoin.
sr. member
Activity: 938
Merit: 460
Based on your statement you have already experienced a year in trading with alts and I guess this gives you an insight into the market, how the market works, and what to do during the bull run in the market, its quite confusing to my part why you still ask why to put in bitcoin. If you think bitcoin can go soar more the price why not invest into it.
OP want to trade with altcoins and want to know best choice to store his profit from altcoin trading. There are three options: Bitcoin, fiat currency, and stable coin. I would strongly recommend to store trading profit in Bitcoin because if Bitcoin has a correction, altcoins will have a bigger corrections or even bloodbath so storing profit in Bitcoin is better than in altcoins.

With fiat currency, you will have to pay expensive fee to cash out, then use cash to buy Bitcoin again.
With stable coin, it's cheaper in fee than fiat currency, but it has risk of depeg.
PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets
legendary
Activity: 1806
Merit: 1437
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Based on your statement you have already experienced a year in trading with alts and I guess this gives you an insight into the market, how the market works, and what to do during the bull run in the market, its quite confusing to my part why you still ask why to put in bitcoin. If you think bitcoin can go soar more the price why not invest into it. Depends with your goal if another long term investment ideally store those into a hardware wallet always check if the coin you would like to hold beside with bitcoin supported with the wallet you want to use.
hero member
Activity: 2380
Merit: 517
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Put 100% into bitcoin. Everything else is garbage.
Haha, that's not wrong.  Tongue
I fairly think that there have been folks that have been hyped that they've got some profits already from other source and have converted it into altcoins.
And those that have held Bitcoin converted into altcoins that they have for sure regret it afterwards. But maybe some didn't because they have been rewarded more and these people are very few.
member
Activity: 253
Merit: 93
Humble Bitcoin Stacktivist
Put 100% into bitcoin. Everything else is garbage.
full member
Activity: 189
Merit: 120
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.
What do you mean by mistakenly? Do bitcoin price movements happen by mistake? I don't think so. Among all the factors that contribute to and control how the market reacts, I don't consider mistakes to be one of them. 
 
Yes, there's a high possibility of buying bitcoin today with the current price, and we wake up tomorrow to see that the price has gone down below what we purchased it for, or it has gone above that amount, which, if we are in profit, that's a positive outcome, but I can't consider that to be a mistake; rather, I will tag such reaction to any visible factor.
legendary
Activity: 1358
Merit: 1093
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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 wouldn't advice that you continue doing what you have been doing. To be on a safe side, you can be storing in stable coin for now. I commend you for being able to be involved in double risk those while, it's not easy.
1. You are trading altcoins (which is risky)
2. Using your profit to buy BTC (which is another risk)
So, if there's actually uncertainty, it will be nice you just drop one risk for now and proceed with one.
full member
Activity: 311
Merit: 236
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

It is quite impressive though but most people see trading to be hard and very risky, so I'm wondering how you have being doing it to be making this whole profit as a matter of fact I see trading as a very difficult something and very risky to do. However, the most important thing is that you are making profit from it and in my opinion I will advise you keep on accumulating and holding Bitcoin for as much as possible so long as you are making profit from your alt trading because saying Bitcoin will Dip is more like a speculation of which you are not sure when it will..., so why not continue to buy Bitcoin using the DCA method which is seen as the best strategy as Bitcoin investment concerned and remember it is also possible that Bitcoin will/can skyrocket from here and never come down to the point you wish..., which you will regret.
copper member
Activity: 2156
Merit: 983
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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

How much money from my profits i should put in bitcoin ? It always up to you bro since you are also a trader then you should now how much money you can put into bitcoin I would say 30 percent of profit to bought bitcoin as a long term hold is best but for Now Im gonna take profit my bitcoin since it already at 90K level

Heck if you trade altcoin on exchange there is possibilty you could gain more and more by trade using altcoin VS btc pair
hero member
Activity: 2604
Merit: 816
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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.
That is only happen to those who doubt that Bitcoin will be difficult to break $100,000. They don't believes that buying Bitcoin at the price now will still good for them and makes them delay to buy it now. But for those who already see how Bitcoin price moves will not wait for longer to buy Bitcoin and will place their buy order at many level of the low prices. They want to buy back Bitcoin and hold it to sell at the high price they want so they don't mind to buy at the price now while they have more chances to buy at a low price considering about what will happen to Bitcoin in the future. Their target will be at the next bull run that can happens in the end of this year or next years so that is why they still buy more and more Bitcoin and make sure they will get their chance to sell at the new ATH and make a big profit.
full member
Activity: 162
Merit: 104
@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.
hero member
Activity: 588
Merit: 466
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.
hero member
Activity: 1666
Merit: 723
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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.
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.
hero member
Activity: 2268
Merit: 669
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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.
sr. member
Activity: 1414
Merit: 272
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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.
sr. member
Activity: 1414
Merit: 236
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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.
full member
Activity: 518
Merit: 227
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.

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.
sr. member
Activity: 434
Merit: 216
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.

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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