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Topic: How mutiply the BTC with your own gains?? - page 3. (Read 7573 times)

legendary
Activity: 2030
Merit: 1028
For me ,it's risky to multiply in short term.
I recommend that you're holding for long term so you can multiply with lower risk ( long term for example 1 year or 5 year )

Yes, it's long time and need patient but it's worth !
full member
Activity: 409
Merit: 100
Hi there!

I want sugestions about how mutiply the BTC with your own gains...

I invest $500,00 in BTC, in variation of BTC (%) I have now $530,00....

I want to know if it's worth to sell those small profits ($30*) to wait a down Bitcoin % to repurchase them again. Or is it very little profit and not worth reinvesting?

Help me understand this mathematics of reinvesting to multiply profits... I'm very confusing about it, and I want reinvest and multiply...

Most of the traders for what they do was day trading, it may not a huge profit you could get but at least you can gain daily.
Because, once you implement or apply day trade it may or may not be happen were you can multiply your Bitcoin more than
what you had purchased for sure, if you do proper way and good timing too.
hero member
Activity: 1862
Merit: 830
Well let me tell you what I do .

I keep two wallet , one for long term holding and one for holding for short term using which I often sell them whenever I see I need them.

Also at the same time you can use that short term wallet , to actually trade .

Don't keep everything in just one coin , you can distribute them in many actually which have future potential to bloom , this way you can get lucky who knows.
sr. member
Activity: 574
Merit: 251
Hi there!

I want sugestions about how mutiply the BTC with your own gains...

I invest $500,00 in BTC, in variation of BTC (%) I have now $530,00....

I want to know if it's worth to sell those small profits ($30*) to wait a down Bitcoin % to repurchase them again. Or is it very little profit and not worth reinvesting?

Help me understand this mathematics of reinvesting to multiply profits... I'm very confusing about it, and I want reinvest and multiply...


if you feel like you would secure a profit then sell, becuse u can never know when that chance comes back it might free fall any day you never know and then you gona regret that u did not lock in profit, my advice is always take some out and leave some in investing also like 50/50, so u get some profit and can still earn more if it keeps on rising.
member
Activity: 322
Merit: 20
Donating 10% to charity
When you trade with small amounts like that, your trading fees eat at your profit. So if your exchange charge a 1% trading fee, you would be paying +/- $5 trading fees when you sell or buy those bitcoins. You also risk not having any bitcoins when there is a sudden spike in the price. The reason for that is after you sold the BTC, you have to wait for the BTC price to drop, to get buy BTC again.  Roll Eyes

I started with a small amount and constantly bought BTC until I had a bunch of coins. I then used the "buy low & sell high" strategy and kept some of the profits to get the money back that I initially invested.

Break even first and withdraw small amounts until you get your initial investment and then continue trading with profits and not your own money.  Cool

This is pro mode activated. You can also invest in this site and they will give you a bit more than 4% a year for the time you have your Bitcoins stored with them.

But be warned, when you make a transaction the blockchain fees enter into account as well as the fees of the site itself.

Link: https://freebitco.in
full member
Activity: 1204
Merit: 104
If for example I have been working in the cryptocurrency market for almost 3 years and during this period I already have some kind of experience and certain knowledge, Although they are very small compared to those professionals who sell cryptocurrency and invest their money.  But nevertheless, I firmly know that if Bitcoin dropped in its price to $ 2500, as it was at the end of 2018, then this is a happy chance for every cryptocurrency user to buy Bitcoin profitably.  Therefore, it seems to me that you need to wait for the right moment, and not buy BTC just to buy.
sr. member
Activity: 756
Merit: 251
If you are not badly needing the $30 then I suggest you do not withdraw it. The only way I grow my BTC is to trade them with altcoins. Sometimes, I make use of USDT when the charts are all red. I used to have bitcointalk campaign proceeds, but ever since the ICO has gone too weak, I am not earning anymore. Right now, I mainly trade BTC and altcoins. My trade calls are very simple as I am not really skilled in day trading.
legendary
Activity: 3430
Merit: 1957
Leading Crypto Sports Betting & Casino Platform
When you trade with small amounts like that, your trading fees eat at your profit. So if your exchange charge a 1% trading fee, you would be paying +/- $5 trading fees when you sell or buy those bitcoins. You also risk not having any bitcoins when there is a sudden spike in the price. The reason for that is after you sold the BTC, you have to wait for the BTC price to drop, to get buy BTC again.  Roll Eyes

I started with a small amount and constantly bought BTC until I had a bunch of coins. I then used the "buy low & sell high" strategy and kept some of the profits to get the money back that I initially invested.

Break even first and withdraw small amounts until you get your initial investment and then continue trading with profits and not your own money.  Cool
member
Activity: 588
Merit: 18
Bitcoin is a cryptocurrency, which is normally seen as a digital asset, Hence, for easier way to gain BTC, is to go towards investment, or still enter into a trading platform and take a prediction time to buy and sell, you still make gain.
sr. member
Activity: 1036
Merit: 294
Wow! That's not bad at all. If I were you I'll cash it out already and wait for the next bull run (if you are only hodler anyway). But my advice to multiply not only your btc but your whole money in general, divide your profits once again. Use the half which is $15k, based on your example, for your needs and wants and use the other half for establishing passive income sources or at least a place which helps you to become more productive. Small businesses could work, it was a nice way to earn money; yu can also invest on other assets such as house (and use for house for rent), land and vehicles.
hero member
Activity: 2912
Merit: 642
With that large amount it will difficult to move it from one exchange to another.

You already made a profit that is a yes. But let us say you have 5 bitcoins. You are selling 1 BTC just to make profit.
What did you lose? 1 BTC. But because you are calculating in USD, you will never realize that.

Better sell all and then buy back at the right time. But the question is when? With the volatility of the market we dont have the accurate speculation in where it will go. It is a risk that you should be willing to make. Regrets will be there if a sudden increase in bitcoin price comes.
member
Activity: 448
Merit: 10
Trading crypto currencies in binance with satoshi as base price measurement and accumulating development coins we can gain btc and eth time to time and sell those balances in bull market
legendary
Activity: 2898
Merit: 1253
Call your grandparents and tell them you love them
initial capital of $ 500 with a profit of $ 30 I think that's a good thing, but maybe you should be able to sell even if you have a profit of $ 30. I think it would be better to have a little profit but it can be sustainable and try trading again with your $ 500 capital
Initial profit of 30$ is not a bad one.

Considering that your profits depend on how extensively the market runs you could make huge gains by buying at proper price and then holding it for proper time. What people make mistake in the wrong buying time - they buy at the all time high when social media is going "MOON" and get rekt or they buy the wrong coins which are pumped once every year for its bagholders to clean up their bags. Another thing that lack is patience but most get used to it nowadays as long as you are not trying to live on trading money. Buying low and selling high is the only basic thing that every person should remember if they want to "multiply" their capital.
member
Activity: 523
Merit: 11
Hi there!

I want sugestions about how mutiply the BTC with your own gains...

I invest $500,00 in BTC, in variation of BTC (%) I have now $530,00....

I want to know if it's worth to sell those small profits ($30*) to wait a down Bitcoin % to repurchase them again. Or is it very little profit and not worth reinvesting?

Help me understand this mathematics of reinvesting to multiply profits... I'm very confusing about it, and I want reinvest and multiply...
initial capital of $ 500 with a profit of $ 30 I think that's a good thing, but maybe you should be able to sell even if you have a profit of $ 30. I think it would be better to have a little profit but it can be sustainable and try trading again with your $ 500 capital
legendary
Activity: 3430
Merit: 1957
Leading Crypto Sports Betting & Casino Platform
You should consider following the strategy to reduce the risk of losing all your investment capital, by buying low and selling high and then keeping the profit. Example : You buy 1 bitcoin @ $10 000 and then sell it when the price reach $11 000 for a profit of +/- $1000 and then put that $1000 somewhere else.

You then wait for the price to come down again to $10 000 and buy a bitcoin again and rinse and repeat that strategy, until you have enough profit to cover your $10 000 that you are risking every time.

So after this, your $10 000 investment will be virtually 0% risk, because you not using your own capital, but rather the profit you made.

< I rounded it off to 1 bitcoin to make it easier to understand, but it can be any amount of bitcoin or Satoshi's>  Tongue
newbie
Activity: 99
Merit: 0
Trading is the best way to multiply your BTC besides that holding it now is the convenient way for those who don't have time for trading.
hero member
Activity: 798
Merit: 500
In my opinion if you invest in Bitcoin it's better to relax and not think satisfied with what you have now because I believe Bitcoin will continue to grow, if you make a decision to sell, I'm sure you will regret selling it, but all decisions are in the hands You, how you think about it yourself and you also have to look at the global market price situation so you don't lose your investment.
legendary
Activity: 3444
Merit: 10558
usually when you are not "day trading" and instead are making an "investment", you do it in a longer term not just after a short time like a month. as a result you would be looking for a higher profit that is bigger than the 6% that you mentioned in your example before you think about taking any profit out.

the other matter that you consider in your scenario is the situation with price. meaning since you are not day trading you want a major rise and a top that is going to be followed by a big correction. using the rally of 2017 as example you want a price like what we had on September 1 and sell there then wait for a week or two for the correction to come to an end and then buy back which would be the profit after about a 100% rise and the drop/correction of 20%
member
Activity: 882
Merit: 13
Well no one really knows what will happen to the cryptocurrency market it may go down or up in a minute, hour, day, moths etc. So you need to analyze carefully and decide for yourself because it's your investment and if your decision is correct then good for you but if it's bad then you can't blame anybody but yourself.
sr. member
Activity: 854
Merit: 267
Leading Crypto Sports Betting & Casino Platform
Sell if that is enough for you, because no one knows what price will move.
You must really understand when the right time to sell and when is the right time to buy. You cannot continue to depend on other people's opinions.
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