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

newbie
Activity: 48
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2. Using your profit to buy BTC (which is another risk)
Can you explain why Buying BTC is a risk  Grin
hero member
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OP, keep doing whatever you have been doing and there's no need to invest money in USDT, just keep that in Bitcoin and that would be a good decision. Right now Bitcoin is gaining value and there's chance that it might continue to gain more value in coming months, and that's why it's always better to put your money in Bitcoin even if at current date its value is over $100k.
legendary
Activity: 1890
Merit: 1537
Op you don't have to wait till bitcoin price comes down before investing but buying fractions weekly or depends on your capacity to buy and nobody will tell how much to buy at all time. Okay I will tell you to buy $50,000 daily, will you buy it? No so you don't have to asked the public how much you will use for the investment of bitcoin. It will a you know how much is in you pocket to invest.

I will not advise you to invest in USDT because there is no much profit in that coin. It is a stable coin and if you were making profit from it as you claim I doubt it. Investing in altcoins will not go you that 60-70 percent withdrawal. Your story is not clear. Unless those who are not investing in altcoins will believe.
He did not mention that he can make a profit from invested stablecoins like USDT, which is actually even if he staked them, they will not give him a noticeable profiit return.

He just wanted to freeze the profits extracted from his trading in altcoins in USDT until Bitcoin corrects and declines to buy back with the stablecoins he holds; that’s the whole point.

Therefore, I agree that Bitcoin is a promising investment that everyone should rush to buy and follow DCA and apply a strict strategy, choose the right time to buy and set specific and clear goals using technical analysis. Indeed, investing in Bitcoin requires a person to commit to financial management of the capital he owns, pay attention to risk management, etc. Bitcoin is now on its way to $100K and I expect a correction afterward, followed by another upward movement. There are still promising altcoins  that are more interesting to investors, so if the OP is successful in trading them, that is actually a better idea, leaving long-term investment to Bitcoin.
sr. member
Activity: 364
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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
You have missed the golden opportunity, you have been involved in trading for several years, if you had planned this earlier, maybe you could have made a lot of success today. I will tell you that if you trade regularly and can make success from trading, then you can invest 50% of the profit from trading in Bitcoin and the remaining 50% you can convert to your local currency as per your need. However, the price of Bitcoin is pumping a lot at the moment, so you can wait a little while and if you think you cannot wait, then you can continue your investment using the DCA method continuously. I will not forbid you from investing in Bitcoin because Bitcoin is expected to increase more in the future. If you imagine from your beginning till now, you will understand how big a mistake you have made by not investing in Bitcoin.
hero member
Activity: 2982
Merit: 610
Invest on what you can afford to lose. But make sure you prioritize bitcoin over altcoins, as the success of bitcoin is more guaranteed than altcoins themselves. And do not depend your decision from other investors or imitate their percentage of investing, just do your own diligence so you will learn to manage the risk and still maximize the chances of getting profits.
legendary
Activity: 2744
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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.
Agree or not it's also about how everyone makes their choice to go fully into Bitcoin or diversify to spread their assets so that when the bullrun arrives there are a lot of profits to be gained.

Knowledge about crypto is indeed necessary for crypto investors, if they are beginners who are just entering, 100% bitcoin is indeed the first choice,
but don't be too stupid to get caught up in the FOMO that occurs without determining where to enter and how much to buy and hold as a reserve.

Now that there are more altcoins and junk coins popping up every day, it is just a matter of choosing whether to earn a lot of money from memecoin gambling or choose to find a safe way with 100% bitcoin, It's each person's choice.
hero member
Activity: 700
Merit: 577
Op you don't have to wait till bitcoin price comes down before investing but buying fractions weekly or depends on your capacity to buy and nobody will tell how much to buy at all time. Okay I will tell you to buy $50,000 daily, will you buy it? No so you don't have to asked the public how much you will use for the investment of bitcoin. It will a you know how much is in you pocket to invest.

I will not advise you to invest in USDT because there is no much profit in that coin. It is a stable coin and if you were making profit from it as you claim I doubt it. Investing in altcoins will not go you that 60-70 percent withdrawal. Your story is not clear. Unless those who are not investing in altcoins will believe.
?
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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
First of all, you can make plans and choices based on your financial situation. If you have enough cash flow, buying some BTC is the right choice. (This is my personal opinion)
legendary
Activity: 2184
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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: 2534
Merit: 1115
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: 854
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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.
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: 1750
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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: 2338
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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
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Put 100% into bitcoin. Everything else is garbage.
full member
Activity: 189
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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.
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
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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: 208
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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

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
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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
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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
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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.
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
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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 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
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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
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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
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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.
full member
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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
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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.
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.
full member
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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.

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?
hero member
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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.
hero member
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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.
hero member
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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
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.
sr. member
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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
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.
legendary
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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.

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.
hero member
Activity: 1484
Merit: 928
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.
sr. member
Activity: 476
Merit: 337
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.
legendary
Activity: 1904
Merit: 1176
Glory To Ukraine! Glory to the heroes!
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.
hero member
Activity: 714
Merit: 521
DGbet.fun - Crypto Sportsbook
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.
hero member
Activity: 910
Merit: 507
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.
sr. member
Activity: 686
Merit: 398
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.
legendary
Activity: 1792
Merit: 1296
Playbet.io - Crypto Casino and Sportsbook
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.
sr. member
Activity: 2520
Merit: 366
Catalog Websites
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.
hero member
Activity: 3024
Merit: 745
🌀 Cosmic Casino
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.
sr. member
Activity: 420
Merit: 253
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.
hero member
Activity: 2268
Merit: 669
Bitcoin Casino Est. 2013
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.
sr. member
Activity: 224
Merit: 195
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.
hero member
Activity: 1050
Merit: 592
God is great
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.
hero member
Activity: 3024
Merit: 745
🌀 Cosmic Casino
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.
sr. member
Activity: 448
Merit: 560
Crypto Casino and Sportsbook
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.
hero member
Activity: 882
Merit: 581
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.
full member
Activity: 448
Merit: 163
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.
sr. member
Activity: 1260
Merit: 358
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.
full member
Activity: 462
Merit: 205
Duelbits.com
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.
legendary
Activity: 2814
Merit: 1112
Leading Crypto Sports Betting & Casino Platform
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.
sr. member
Activity: 588
Merit: 338
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.
sr. member
Activity: 448
Merit: 354
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.
hero member
Activity: 1722
Merit: 895
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.
full member
Activity: 784
Merit: 115
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.
hero member
Activity: 1722
Merit: 801
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
legendary
Activity: 3234
Merit: 5637
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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.
hero member
Activity: 3038
Merit: 634
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.
legendary
Activity: 3276
Merit: 2442
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.
sr. member
Activity: 294
Merit: 433
HODL - BTC
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.
legendary
Activity: 2366
Merit: 2054
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.
sr. member
Activity: 798
Merit: 364
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?

......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.
legendary
Activity: 2576
Merit: 1043
Little_Mouse Campaign Management | OrangeFren.com
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. Smiley
sr. member
Activity: 1022
Merit: 363
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.
legendary
Activity: 2268
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Fully Regulated Crypto Casino
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.
hero member
Activity: 1022
Merit: 600
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.
sr. member
Activity: 476
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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
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.
legendary
Activity: 3472
Merit: 3217
Playbet.io - Crypto Casino and Sportsbook
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.
sr. member
Activity: 630
Merit: 298
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
sr. member
Activity: 966
Merit: 391
Underestimate- nothing
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.
legendary
Activity: 2184
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Playbet.io - Crypto Casino and Sportsbook
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.
sr. member
Activity: 1288
Merit: 231
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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.
hero member
Activity: 1190
Merit: 901
Livecasino.io
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.
legendary
Activity: 2254
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Playgram - The Telegram Casino
No one can tell you how to invest, you bear the risk so you make the decision.

till btc price drop or till we see a new bear market then buy btc with that saved USDT  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.
newbie
Activity: 48
Merit: 0
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
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