How much money from my profits i should put in bitcoin ? - page 3.

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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 will not give you any financial advice, but will try to fantasize on this topic with your background information.

I would split these 30-40% into 2 halves.

I would buy bitcoin for the 1st half, now, despite the high current price. And I would exchange the 2nd half for cash (but not in the form of local currency) and would wait for a strong drop in value or a bear market. During which, in turn, I would start buying up bitcoin.

Why wouldn't I keep it in USDT? Because it is unknown what fate awaits this coin tomorrow, and quite a lot of time may pass before bitcoin falls. Dollar, in turn, remain a reserve currency and this will not be "cancelled" right tomorrow.

The advantage of this method may be that you will have cash on hand (in case of emergency) and will not have to exchange bitcoin at an unfavorable rate that may arise.

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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

(not a financial advisor) by the way the habits you have are very good because you set aside the profits from the trading you generate to buy bitcoins periodically, well even though the price of bitcoin is currently continuing to rise, it doesn't mean you have to abandon your habits, keep what you have started but if you plan to buy at a lower price then you can convert it first to USDT, I'm sure you have made the best decision.

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Quote from: Obim34 on November 21, 2024, 03:10:58 PM

Quote from: tabas on November 21, 2024, 02:50:44 PM

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.

I think he's about to prepare if ever he wants to hit that buy button for BTC as soon as he thinks it's already priced in and he wants to accumulate it. Now, this goes where most of the people asking if they should buy Bitcoin. At this moment, only you can answer that because Bitcoin is about to get into $100k and who knows if soon that will be the support that everybody is going to be in favor of, those that have been holding for a very long time. Those that have talked about buying it but then thought of it as expensive already, repetitions of that thought will come again and only you can define when you should have bought already. Regret is going to be inevitable if no actions done.

This is same as asking whether to DCA or to wait on the DIP, responses could be based on personal likeness or what is preferred, while many would prefer to continue purchasing at same regular intervals, many would still want a pause and wait till we go bear. For any of the options, we should know that both has it's benefits, at this current price we are not believing to reach the highest of our bullish season, purchasing now can also give profits during the long run and if to wait on the DIP as OP said earlier, holding as USDT until the price returns to the bear we might lose the potentials of holding unto those funds before the market returns back. Since i prefer to DCA, i suggest same to OP.

Much better to be with both sides, no matter what the market does then you'll continue to DCA because that's your long-term commitment to the market. And at the same time, you've got some USDT or any other stable coins that you have there prepared for any unforeseen event if ever some huge dips have come to the market. With this being prepared, you're going to catch good prices and able to continually accumulate for as much as you can.

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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

It depends on how long you have been using that percentage from your profits to invest in bitcoin and how long you intend to hodl, so if you actually have long term investment plan for your bitcoins then i will say you should continue buying with same percentage from your profits but you should know that after this bullish trends of bitcoin, there will come a bear season when the price will fall, and you will not be able to sell your bitcoin because if you do that you will be selling at a loss price. Another thing is that i don't know if you have already gotten a sizeable portfolio from your investment so far, if you have then you can be buying USDT and keep since it is a stable coin then when the price of bitcoin falls it will be easier for you to buy bitcoin and it will even make you not to consider selling your bitcoin at any time because if you run out of cash you can immediately sell the USDT to get Fiats which will be better than selling bitcoins.

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It's entirely up to you on what you decide. You can also done what you have been doing all this time or you can wait for the price to go down before you buy. If you prefer to accumulate more then you should do DCA until you are satisfied on what you have accumulated during that time. I am aware that you are looking for ideas but as far as I can say, i'd say you do what you did as long as you earn profit then it's a good decision to make unless you didn't earn profit.

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Quote from: tabas on November 21, 2024, 02:50:44 PM

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.

I think he's about to prepare if ever he wants to hit that buy button for BTC as soon as he thinks it's already priced in and he wants to accumulate it. Now, this goes where most of the people asking if they should buy Bitcoin. At this moment, only you can answer that because Bitcoin is about to get into $100k and who knows if soon that will be the support that everybody is going to be in favor of, those that have been holding for a very long time. Those that have talked about buying it but then thought of it as expensive already, repetitions of that thought will come again and only you can define when you should have bought already. Regret is going to be inevitable if no actions done.

This is same as asking whether to DCA or to wait on the DIP, responses could be based on personal likeness or what is preferred, while many would prefer to continue purchasing at same regular intervals, many would still want a pause and wait till we go bear. For any of the options, we should know that both has it's benefits, at this current price we are not believing to reach the highest of our bullish season, purchasing now can also give profits during the long run and if to wait on the DIP as OP said earlier, holding as USDT until the price returns to the bear we might lose the potentials of holding unto those funds before the market returns back. Since i prefer to DCA, i suggest same to OP.

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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 think when it comes to investment no one can decide for you how to invest your money, if you don't know how to invest your money and you are seeking for the opinion of others it means you are not yet ready to invest.

You seeking for opinion of others, many people will come with different opinions good and bad. Make your research, have good understanding, I'm sure you will surely know what you would want to invest your money. The only thing I can say is , so far as digital currency is concerned bitcoin is the most valuable and reliable to invest, it is up to you to do your own research to know and to compare which is better for you to invest.

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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.

I think he's about to prepare if ever he wants to hit that buy button for BTC as soon as he thinks it's already priced in and he wants to accumulate it. Now, this goes where most of the people asking if they should buy Bitcoin. At this moment, only you can answer that because Bitcoin is about to get into $100k and who knows if soon that will be the support that everybody is going to be in favor of, those that have been holding for a very long time. Those that have talked about buying it but then thought of it as expensive already, repetitions of that thought will come again and only you can define when you should have bought already. Regret is going to be inevitable if no actions done.

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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

Investing is a personal choice and you may have a nice investment plan that probably if you share it many persons won't really fancy it. Anyways bitcoin is pursuing a 100k right now and no one knows when exactly it would get there and what exactly would happen when we hit the 100k mark. There may be a pull back which is definitely the best time to buy especially if you're actually looking to go all in.

The idea is some persons may be like hold on till we reach a 100k and wait for the pullback before buying again some may be like just continue your regular pattern. The best would have been buying during a pull back however what would happen when we hit 100k is the question.

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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

Waiting for a bear market may not be a bad idea when you know exactly when it will happen. However, as I think, you may not know when the next bear market will start or even if we will enter another bear market.you may have a target price to start buying, but it is possible that the price of Bitcoin may not drop to your target before the next bull run starts again. This could make you lose the opportunity.

The truth is, you may also miss some opportunities before the bear market, as nobody knows how high the price of Bitcoin will go before the next bear market begins.if I were you, I would continue investing in Bitcoin and keep making steady profits instead of waiting for another bear market, especially if I intend to hold Bitcoin for the long term.

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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 know one can tell you what to do your decisions is what can lead you to have you actually want since is you that will bear with the risks that is involved, so in this case is you suppose choose what to do when it’s come to trading and that’s a lot of people always stated that if we want to invest it trade we should trade the amount of money that we can afford to lose.

Moreover, you can put any of amount money from your profits means if you can afford to lose, because some people’s that their so emotional not all that fits pout all the profits he got on his previous trading to invest it back again; you can decide on yourself to avoid made wrong decisions by someone.

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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

Since you mentioned it is profits that you split in 30-70%, I guess you can continue buying Bitcoin with the DCA method which means you should buy Bitcoin with a specific amount every month or week if you know you are getting profits every month or so. This will grow your Bitcoin holdings and you will have more value for your money in the long run. However, this is only recommended if you have long term plans; so do this only if you know you are going to keep holding your Bitcoin for at least a few years.

The 70% that you are withdrawing from your profits can be stored and used for buying more Bitcoin when the price drops. If you can't keep the whole 70%, maybe keep saving about 20% from it each time you withdraw the profits and save that money for the bear market when you can buy Bitcoin and other cryptocurrencies at a discount.

None of what I suggested are financial advice. You should always do your research and make your decisions after that, these are merely suggestions.

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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

Currently BTC is on a supposed bull and this is one of the points where making decisions becomes very confusing because between buying and waiting for a beer you get stucked, you may buy and price goes down or possibly up but you will not profit much like others who bought much earlier so I'd you don't find it solid enough to do them based on your research you could explore he convenient option but the truth remains that Bitcoin will still go higher beyond the price it is now so if you buy now you will be in profit by then.

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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

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.

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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.

From his narration in the OP, I'll also say that he's using the DCA method to accumulate Bitcoin, and if that is the case, then there's no need to stop buying now. If his strategy is to hodl for a long term, then he should just keep buying from his trading profits, not really minding what the present price is. From my speculation I believe that we've not reached the peak of bull run yet, so it's quite safe to continue buying because he'll still be in profit in this bull run. This is just my opinion, not a financial advice to him, it's his money and he should make the final decision on whether to keep buying or wait till we enter bear run, when price will dip.

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Your Bitcoin investment strategy has worked well but with Bitcoin recent price up it is good to rethink your approach. Instead of buying Bitcoin with 30-40% of your profits consider converting that amount to USDT and storing it safely in wallet like Trezor. This way you lock in profits avoid buying Bitcoin at high price and wait for price drop to buy Bitcoin at lower price. However keep in mind USDT stability depends on its issuer you might miss out on Bitcoin gains and storing USDT comes with risks. You may also want to consider other stablecoins setting price target for Bitcoin. Adjust your strategy based on your risk tolerance and market expectations.

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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

You have been trading altcoins for years and why are you only now asking about the percentage of bitcoin investment. You should be able to divide the amount of investment or trade more bitcoin than altcoin but you are doing the opposite. My question is why are you only now asking this and intending to buy bitcoin at what price for the accumulation you want. If the current bitcoin price is still high enough to buy then you can store it in USDT or you can also use the DCA pattern as a step that can be taken.

Honestly I would suggest the amount you can afford to lose so that you can be more responsible in running your investment. If you feel that bitcoin is one of the main targets that you will do then try to buy it now because if you expect the price to fall deeper then you might miss the momentum at the next ATH.

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You don't need to increase the money you used for investing in Bitcoin and stick to the same amount. What you need to focus now is how you can buy and have more Bitcoin in this time. There is a chance for Bitcoin to reach more than $100k this year or next year. So when you can have more Bitcoin, you can sell it once the price reach your target price and have USDT that you can use to buy Bitcoin in the next bearish time. But everything will depends on you and we don't know how much amount of money you should use to invest in Bitcoin. And when you can make a profit in USDT, you can hold that USDT and buy Bitcoin when the price gets a correction while you still running DCA methods to buy Bitcoin constantly in weekly or monthly with the same amount of money.

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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

I am confusing that how did you take profit with your altcoin trading?

Did you take profit from altcoins to USDT or cash? Because if you are a trader, I think more about taking profit to USDT and if you did like this, you don't have to buy USDT.

If you can, take all your profit to bitcoin, and hold it if you don't want to exit bitcoin in this market cycle. If you want to take profit with bitcoin too, you can hold your cash or USDT and wait for 2026 and 2027 bear market to buy bitcoin.

Don't keep your profit in altcoins.

Knowing that keeping your profit in USDT or stable coins is not too safe.
PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets

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@new19980, The only thing you should definitely do if you want to keep your coins (long-term) is to store them in a non-custodial wallet, which means definitely not on CEX. What you also need to know (maybe you already know) is that most stablecoins (including the one you mentioned) can be frozen no matter where you store them, so keep that in mind.

When it comes to BTC, it seems that we are in a bull run and that the price should go mostly upwards with occasional minor corrections, but no one can tell you with certainty what will happen in 3 or 6 months. Maybe you should adjust your strategy a bit and transfer part of your profits to stablecoins and part immediately to BTC.

Topic: How much money from my profits i should put in bitcoin ? - page 3. (Read 873 times)