Maximizing income from crypto in this new year. - page 2.

PrivacyG

legendary

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Quote from: tbct_mt2 on January 13, 2025, 10:59:05 PM

Learning before investing.

Investing will require you to have money, purchase bitcoin, and at the end you need to store bitcoin somewhere. Where is safe for your Bitcoin storage?

It is of course not at centralized exchanges, but in your non custodial and if possible, open source wallets. If an investor does not mind to learn how and where to store bitcoin safely, it's not good to start investment in bitcoin.

I do not deny that learning is very important before Investing but it honestly does not hurt to start learning THROUGH Investing either. The only rule you should follow as a beginner is DO NOT PUT YOUR LIFE SAVINGS INTO BITCOIN if you do not even know what you are doing!

Losing 10 Dollars for being stupid is a lesson. Next time you will be less stupid. Learning to control emotions is one example of something you can not learn through reading but through real experience. It is one thing to read what to do during War, it is another to suddenly find yourself in the middle of one! You may know what to do, but if you lack self control you may go crazy before you even remember what to do.

tabas

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Quote from: Oshio-man on January 12, 2025, 12:04:41 PM

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.

Even if we all want to buy Bitcoin when the price is low, we're not in a situation always that we're able to do it. Because there are circumstances in our lives that we have to prioritize first before purchasing Bitcoin, but if we commit, we're for sure going to make a space for it and we'll allocate funds in buying when it is necessary or when we think that it has touched the dip.

Quote from: Oshio-man on January 12, 2025, 12:04:41 PM

I will advice newbies to apply those methods to maximizing income from crypto investment.

Telling to maximize it as if telling that people should sell at the peak. That's hard to reach. Make sure that you're in profit when selling and don't find the ceiling because it will eventually come. Sell at prices that you're targeting and remain some for yourself or if ever there will be another ceiling after selling.

Hamza2424

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Quote from: btcltcdigger on January 12, 2025, 12:27:59 PM

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

You can't judge the bottom and peak of the market, but there are some psychological indicators and some other data and mention indicators that can help you predict where we are standing now.

No doubt your strategy is good but be careful with the execution time because this is the core of your strategy and best of luck I'll be following the same strategy with some of the updates in it.

Franctoshi

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Op if you talk about buying low and selling high, it means that the new have trading knowledge about to buy when the price is low and sell when the price is high. The best market approach for new is applying DCA strategy, have your exiting plans, long term or midterm, this way the newbie will be able to beat the market and come out profitably, as this has been the most recognized method that those profitable investors have used and become profitable.

Stablexcoin

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This is good news!. Huge adoption wave is coming in this 2025 this is only but the beginning of what we should be expecting.
That might be a pressure of FOMO because they bought at 94k when the price was slightly lower than that.
Who else agrees with that we are yet to expect the main ATH this year. Bitcoin at 200k seems possible now and the Ming Shing group dont want to buy at that price. An exciting news for them.

OcTradism

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Quote from: Oshio-man on January 12, 2025, 12:04:41 PM

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.

It is what people want, but it's not a method at all.

Buy low and sell high is classic to get profit if you don't use margin or futures trading, you can not short, only can buy and sell. And with buy and sell, the only way for getting profit is "Buy low, sell high". It is same for investors and traders in this market, if they don't touch margin and futures trading that allows them to sell high, buy low through Short positions, and still get profit.

Quote from: GreatArkansas on January 14, 2025, 09:13:28 AM

This is easy to say but difficult to execute, trust me. This way you are already trading and it's not that easy, it's difficult. Even professional traders can't easily do the "buy low, sell high". It always needed practice and being consistent or always having patience.

Everyone want to buy low and sell high because it brings profit, but it's hard to do. Because if everyone can do it, all will have profit, and the market is a zero-sum game, so there is no chance for everyone to have profit. If you have profit, I or others have loss, and winners are less than losers in a same market.

GreatArkansas

legendary

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Quote from: Oshio-man on January 12, 2025, 12:04:41 PM

(....)
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.

This is easy to say but difficult to execute, trust me. This way you are already trading and it's not that easy, it's difficult. Even professional traders can't easily do the "buy low, sell high". It always needed practice and being consistent or always having patience.

Hewlet

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Quote from: Akbarkoe on January 12, 2025, 02:24:55 PM

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.

absolutely. it is not like people don't know that buying low and selling high is the best thing to do or that it is what guarantees good profit in ones investment. that is literally the basic concept of investment that everyone already knows but the issue is that you buy at the time you have the resource of buying and for some people that even feel that they are good in studying the market, they try their best to study the market but sometimes it still goes against them. the thing is just to do the little study you can do and buy at your convenience while setting out a plan in place regarding your exit point. if you are able to take out greed and and opt out at the most convenient time you have an edge over the market, it will be easier to maximize profit from the market rather than trying to get too much from what you do not even have the control over.

AVE5

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Op you tried in sharing your knowledge and strategies on how to invest and sell at profits in the bitcoin market but then, let me edit and add some bits.
After reading through, I understood your investment strategies is more of Fomo and doesn't understand it all the strategies of accumulating methods with the Dca. You don't only buy bitcoins at lower price rather it's an opportunity for Investors to buy huge values of bitcoin as the market values is low. Yiu also don't have to wait for market bear or Dip before you can buy but also at when the market is high such as when we had $100,000 and at any moment we'd be experiencing the bull run which is definitely going to rest at the least base of $170,000 this year. So you can imagine doubling your values at this point.
In bitcoin investment, you're just good to win if only you can hold firmly without the Fomo to sell too quick probably because you've sudden financial issues or you're reacting based on speculations that the market will fall and then you hasten to sell at lost.

tbct_mt2

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Quote from: PrivacyG on January 13, 2025, 10:25:16 AM

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.

Learning before investing.

Investing will require you to have money, purchase bitcoin, and at the end you need to store bitcoin somewhere. Where is safe for your Bitcoin storage?

It is of course not at centralized exchanges, but in your non custodial and if possible, open source wallets. If an investor does not mind to learn how and where to store bitcoin safely, it's not good to start investment in bitcoin.

Reminder: do not keep your money in online accounts
Choose wallet https://bitcoin.org/en/choose-your-wallet
Recommended Bitcoin wallets.
https://www.lopp.net/bitcoin-information/recommended-wallets.html
https://learnmeabitcoin.com/beginners/wallets/

btcltcdigger

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Quote from: BIT-BENDER on January 12, 2025, 04:31:00 PM

Quote from: btcltcdigger on January 12, 2025, 12:27:59 PM

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

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

This is both good and bad advice. I know a lot of coins with good history, good adoption, but currently trending really bad.
For example take ETH, it's like 2nd place to BTC, but introduction of so many L2 networks has made it less desirable, and the price is less than expected

PrivacyG

legendary

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Crypto Swap Exchange

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.

lovesmayfamilis

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✿♥‿♥✿

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.

Youngrebel

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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.

Agbamoni

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Fine by Time

Quote from: Oshio-man on January 12, 2025, 12:04:41 PM

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.

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.

Quote from: Oshio-man on January 12, 2025, 12:04:41 PM

44
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.

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.

Wakate

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Quote from: Davidvictorson on January 12, 2025, 12:29:27 PM

Quote from: Oshio-man on January 12, 2025, 12:04:41 PM

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.

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.

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.

adultcrypto

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Quote from: btcltcdigger on January 12, 2025, 12:27:59 PM

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

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.

Callido

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Quote from: Oshio-man on January 12, 2025, 12:04:41 PM

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.

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.

BIT-BENDER

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Quote from: btcltcdigger on January 12, 2025, 12:27:59 PM

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

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

Mia Chloe

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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.

Topic: Maximizing income from crypto in this new year. - page 2. (Read 458 times)