How much money from my profits i should put in 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 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.

Publictalk792

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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.

jcojci

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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.

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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

You have experience in trading already and you know what it means to be a holder. So, either of those is going to be good to be suggested to you. But still, it's up to you whether you think they'll be a good strategy because you know what you are up to, your needs.

I always suggest to DCA and also to keep some stable coins so whenever the drop has come, you're all ready to purchase all of those cheap Bitcoins in exchanges.

Either of the two are good strategies and you're even more experienced than the others here in trading.

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The answer is different for every person out there. You want us to make your investment decisions for you. Whatever answer we give you, you won’t like it and keep following your own ideas anyway. If your strategy is making you money, no need to modify it. It means you are doing better than the majority as the majority usually lose money in the financial markets.

Some people invest 90% of their monthly income because their monthly income is huge. Some people can’t even afford to invest 10% of their income because they are living on minimum wage. Everybody has a different story.

BABY SHOES

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Of course, following your investment strategy or even doing DCA is a good thing, right?

Surely you will think now the bitcoin price has gone too far because it is approaching $100K this will be a little hard for anyone who hesitates to buy at a high price and they hope for a decline ... so clearly whether you want to invest now or not like others follow your conscience.

now it's $90K+ who knows next year it will be $150K means you won't be in vain investing now.

Chikito

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If we know the price will go down, we will save USDT to buy back.

but we don't know happen in the near future, maybe the price won't dump it anymore, and continue to rally to the next level, then you are regret to didn't the same as before.

what you can do now is recalculate again, you have to look chart and fundamental time as before, this is your own risk which we can't help if you make a mistake.

Just follow your conscience, and make sure you've done the right thing.

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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

Do you still need our opinion after you already concluded in one of your previous posts below? Or you want to reconsider your decision?

Quote from: new19980 on November 11, 2024, 07:59:36 AM

......btc price is too expensive i cant just buy it at +80k$

Well, whatever you eventually decide is what matters and the risk is solely your responsibility. As you said, you have been using DCA strategy for a long now and I believe you have seen how profitable it is. Perhaps, you're not satisfied with that strategy anymore? If it works for you, I guess you won't be doubting it now.

DCA strategy do what we call cut and fill and you don't need to worry about the high price. Your previous investment at lower price will fill that gap and your portfolio will increase anyway.

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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 be like a crypto YouTube influencer with this one. THIS ISN'T A FINANCIAL ADVICE!!!. Cheesy

Anyway, you already said that Bitcoin's price went up already so for me, the rewards will be lower right now since the upside is much lower anymore. Some of the altcoins on the other hand have more upside than Bitcoin because most of them didn't pump yet. The notable ones right now are SOL, DOGE and XRP. ETH and BNB didn't even pump up in price as well. Now you said that you're trading altcoins on exchange right now.

Can I ask if you're profitable with it? Because if you are, I would suggest that you should continue trading and then just wait for the bear market to happen a few months from now. That is if you're profitable, but what I would also recommend is that, just buy altcoins particularly top altcoins because it has a higher upside than Bitcoin IMO. I said it again. This isn't a financial advice, and you will be the one that will have the final decision. Good Luck.

avp2306

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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

People don't know how much you earn so its your personal discretion on how much money you could able to use to put in bitcoins since you are the one who handle your finances.

Just know your risk appetite and also invest what you can afford to lose. This is I guess the simplest advice we could give and just be careful dealing on other things or hype/FOMO you receive since for sure that lots of this situation you might encounter and this could possibly destroy your focus then cause losses. So increase your learnings to avoid digesting wrong information came from unknown people online.

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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 you need to decide for yourself wirh that. But with its current price might go to stable or gave some small allocation. Who knows it might go down in the coming months or better is set a fund to do a dca so you could potentially average the entry for bitcoin. Its hard to give advise on this that you could potentially gain massive with current price.

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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

No one is responsible for your risk only you alone because you knows the level of your income, how much that usually comes in, and what amount to be used which would not have effect on your expenditure, people can only tell you from their investment perspective, how they go about their own investment, then if you eventually finds anyone attractive to implement then good for you, but you're liable of every decision that you would make.

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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

Even if I advise you on how best to go about this matter, you will not take it seriously because you look more like a trader than a long-term bitcoin investor, but I will still go ahead to tell you what to do. At this point you are confused and you don't know what to do. Since you have already started accumulating bitcoin with the profit you are getting from trading altcoins, I will advise you not to pause your bitcoin accumulation journey; just continue accumulating bitcoin with the DCA strategy because there is no better time to accumulate bitcoin than doing it when your discretionary income is readily available and you use it to accumulate bitcoin right away, and waiting for a bear market is not a good strategy, and it will delay your bitcoin accumulation journey because you are not certain if it will happen today or tomorrow. But if you are still concerned about accumulating bitcoin in a bear market, you can divide your bitcoin accumulation money into two equal parts and use one part to accumulate bitcoin consistently with the DCA strategy, which will allow you to be active in accumulating bitcoin and use the second part to accumulate bitcoin in a bear market.

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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.

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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 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

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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

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 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.

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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.

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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.

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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

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.

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.

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No one can tell you how to invest, you bear the risk so you make the decision.

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

till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

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.

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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

Topic: How much money from my profits i should put in bitcoin ? (Read 219 times)