Topic: Maximizing income from crypto in this new year. (Read 140 times)

In other words, follow the most basic rules of Investing?

They are very easy and simple rules to learn.  The hardest part is not learning the rules however but following them.  How do you know when the price of Bitcoin is too high or low enough?  How do you know when it is the perfect time to withdraw your Profits?

Add emotions to a scenario where you have to decide whether it is the right time to withdraw and you will soon learn it is EXTREMELY difficult to make the right choice in the Market.  The best solution will probably always be Dollar Cost Averaging instead.  It involves little knowledge, low chances of making stupid mistakes due to emotions and you are even slowly building up a Bitcoin Wallet with out even realizing it.

OP, how can a beginner find out the best rate? The one you are talking about as a low price? The old prices of Bitcoin, which people bought several years ago, as you understand, will not return, and beginners, not knowing this, will wait for the price that they like the most. As a result, we can assume that purchases at a low—the best price, will never have the opportunity to buy.
Why did you forget about the DCA strategy? This topic, or rather several topics, is very well discussed on the forum. For beginners, buying according to this strategy regularly will be the best way out for long-term investments. Firstly, this is practice; secondly, this is not such a huge amount that a beginner needs to decide on at the first steps.
And yes, panic, without the information that says that bitcoin volatility is a feature of its existence, which will restore the previous rate, should not guide the person who has started a new investment policy for his funds.

Nice lesson for intending investors this new year. Understanding the market trend before investing is key to making profit in Bitcoin. No one should rush into investing without knowing or understanding all of these basics so as not to have regrets afterwards.

I think this is a general method for most investors. Do not mind if they are new or old investors. What should advise the newbies here is that holding for the long term is a much more proper approach to selling high. The reason why I said this is because most newbies who will see your advice might get confused and sell their Bitcoin when there is a slight increase in Bitcoin, happily that they are selling higher the price they bought it and not knowing that if they had left it for a complete cycle. They will be having at least 30% ROI.

This is one of the first rules to grasp when joining Bitcoin investment. Don't follow the hype, don't listen to crypto influencers who are in for the pay they get from monetization, and always make your own decisions because, in the end, we all take responsibility for it. Lastly, working towards the goal without continuous accumulation might not give us what we want when we reach our target.

Everyone investors need to understand market and strategies on how they can utilize the current market to make profits for themselves. There hace been past mistakes and people need to be vigilant to know when to buy and what to buy that will yield some profits before the market trend changes. Maximizing profits this years is going to be possible if we are always taking note of the fundamentals and technicality of the crypto market to know when to buy and when to halt any buying or selling. Smart investors have been making money from the market and anyone that is prepared can likewise do so.

Getting market signals can be another way to have a spectacular year especially when you are not so good at analyzing the market. There are so many ways to make money from the crypto market without even having great understanding about the market. We can make money from the market by staking our crypto holdings, buying good altcoins that have the potential of hitting 10X or more with time.

This advise may create more problem for a newbie than it will solve their problems. You are basically telling them to buy when they feel it is low and sell their coins when they feel the price is high, this is basically recommending trading that have ruined many people. You know so as well as I do that no one can accurately predict the market and there is rarely any way of knowing the peak of the market with absolute certainty. Even the normal trading requires serious mastery of the technicalities of the market and this comes with years of practice, mistakes and pain, something that newbies rarely have. The best advise you should be giving to newbies is to HODL because this is less stressful and guarantees more profits than the trading. To successfully HODL, they have to invest only their discretionary income that they can afford to leave in bitcoin for as long as it is necessary without feeling pressured to sell.

It is good to be honest when discussing topics like this, crypto aside can never be like Bitcoin. Dealing with crypto you sell calculatedly depending on the price it was purchased and what ever easy high the market offers, there is always a fear of missing out the best selling opportunity after a price increase. In essence the crypto market is unpredictable unlike Bitcoin, most investors usually get scared of bearish times if the market will be able to recover.

Bitcoin investment is safer, can be held for a long period of time without the worry of losing everything when the price begins to experience the bearish moments, the more dips that happen in Bitcoin the higher the price it attains. Newbies should weigh both options and consider on what they think is much appropriate to allocate their capital into.

No one controls the market regardless I love the optimism but Crypto-currency is not all that a bed of rose, you can accurately predict how things will go in crypto-currency so all this planning may not even yield any fruit.

it's good to always plan ahead but my advice is a very simple one and that is buy a coin you believe in, a coin that has shown history of growth and has great adoption and then hold that coin as long as you can in my own opinion a good example of such coin is Bitcoin but still always do your own research

FOMO is actually one of the biggest problems most newbies in the crypto space have and it's one of the major things that contribute to their losses. Crypto investments have to be properly studied and understood before taking any trading or investment actions that's because you have a very high chance of losing if you take actions like trading or hodling especially altcoins because of trending hypes.

Most of the losses newbies usually get are from altcoins and not bitcoin majority of the hodling losses that newbies get with their bitcoin investments is usually theft  by hackers or scammers as a result of poor privacy and security too.

What's low and whats high
Waiting for low and selling at presumed high limits growth and bring about what's called a nocoiner.
Except your TA is good, that I wouldn't be expecting for a newbie.
The best is find a good project buy,accumulate and sell at a comfortable amount.
Preferably Bitcoin if you going long term.

Suggestions are quite common and I think this is as easy as it is easy to talk about but it is very difficult to do because in general things that are contrary to action and mental readiness in investing and making decisions in sales and purchases require knowledge and experience to get decisions that Very good in the market.
Problems that arise also we do not know when the coin has a cheap value than general and whether it has the opportunity to return to get an increase in the future, this will be able to make you quite confused if you do not have a good analysis whether it uses technical or fundamental as a source of data before do the decision to sell or buy.

Buying your crypto at an high price signifies that you rushed into the market due to the fear of missing out (FOMO) which is very common to most newbies who just came into the crypto space. Trying as much as possible to avoid tht will really help you to have a good portfolio which in turn give you good returns in the long time when you want to take your profit. FOMO is more peculiar to altcoins, as for bitcoin, holding for a longer time will still give you a good profit of your initial investment.


Having a profit target is important and when you’re able to make the right decision of when to take profit in your investment, it makes you not to miss on opportunity to sell your crypto at a good profit. The market is very volatile and cannot be predicted actually, so taking profits is very important after your investment has given you enough to your initial capital after some period of time into the investment.


Buying low and selling high is the technique in crypto that everyone is using but knowing when you buy and when to sell is of utmost important to all crypto investors both newbies and old investors. Understanding of the market requires knowing the basics of the market trends, both fundamentally and technically to help have a good idea of when to buy and sell in the market. Newbies should learn before taking actions in this regard.

There are for sure too many guilty folks in here about selling at the top. We will never know what the top is but it's essential for someone who has goals for $100k to sell as they spoke about it.

But it's also okay if they didn't sold some at that moment if they have a long term plan because this bull run still seems to go for quite a while.

As what you've said, you don't also let people influence you about your decisions.

Avoiding FOMO. Read as much as you can.. knowledge is so potent, one of the strongest weapons against losses. Additionally, ask questions when you find something confusing and you need answers. Even if it sounds stupid, there will be someone who is patient enough to provide you with answers. I have had experience with it. Lastly, of you don't know what to do just HODL. You will not lose any crypto by hodling.

Well said. I would suggest trying to maximise the BTC/ETH gain in the bull run, then just before bear, safely park it into a well known stablecoin and stake/lend to get some yield.
Wait for the bottom of the bear and buy that same BTC/ETH for the stablecoin you had saved up. Ideally you should have more. Rinse and repeat

Greetings my fellow Bitcointalk members, and happy Sunday to you all, I brought this topic to teach and encourage newbies on how to maximizing income from crypto in this new year, we know that newbies have some attitude of taking some risk that will make them to lost income from crypto, which is not too late for newbies to have the ideal on how to reduce losses to maximizing income from crypto.

                   How to maximizing income from crypto
1
Reject your past mistakes, Do everything possible to reject those things that make you not to maximize income,  may be you use to buy crypto when the price is high already as a newbie, you can change from that attitude if you want to maximize income from crypto in this new year.

2
Don't wait for people to tell you to sell your crypto when the bull season is on, you want to maximizing income from crypto in this new year, don't allow people to tell you to release your crypto for sale When you know that you will not achieve your target, because they don't know your target or the rate you bought your crypto, and you have to follow your own decision to sell to maximize your income.

3
Buy crypto when the price is low and sell when the price is high, I know this method is very common to some people, but is not common to newbies, make sure you buy when the price is low and hold for long term before you can sell  when the price is high to maximize income. I will advice newbies to apply those methods to maximizing income from crypto investment.