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

Yes, we should tell others how to react and what to do. Because they are noobs. Especially these days when everyone all of a sudden becomes an expert trader or guru of crypto-economics and shitcoins/ memes pop up like mushrooms. HODL is the key to keeping and pressing prices going up, and there is no better proof than history itself. Of course, all of us (or better the 95% of us) will sell at a very high price, like the one that we experience now. However, it's far better (for a lot of reasons) not to sell them all and hodl as much as possible.
So, if you think that somebody dictates to you what to do with your BTC, you are simply wrong. Advising isn't dictating.

The third which stated an obvious fact buy the dip and hold, the strategy is so common yet the funny part is the dip will not come always so at this point what should the investor do? Wait or just observe the market till the dip is available for buyers, no because an investor should buy regardless the price and the advice is not just meant for newbies rather it’s a general advice investors should not only wait for the dip rather buy when the funds is available. Selling depends on an investor, why should anyone tell me what to do especially involving bitcoin when to sell or not because the market price is so high perhaps they usually do this so newbies will be scared either fear of missing out.

Okay. Let's imagine that I, a newbie, want to buy bitcoin at $20,000. When can I buy it? And if such a price never happens again? Have you thought about it? I'm talking about newbies, those who know nothing but only have a desire to invest. You teach exactly such people in your topic. I'll tell you what will happen to them. They will not wait for this price, so with any price drop, they will wait for its lowest level. As a result, they will never buy because they don’t know a reasonable price.
 Let's return to the strategy mentioned as DCA. While some are waiting, others are buying and increasing their profits.

Everybody says this but yet it isn't being done instead we get people crying of not being able to buy before the bull market happens and it's usually the spirit of procrastination that causes this to happen. Buy low and selling high is kinda stressful if we're being honest when you can just buy and hodl. As you do that you don't care that much about the present condition of the market because you know that you aren't buying to sell in the next few hours but you have plans of hodling therefore the particular time you buy isn't that necessary as you'll still be in profits whenever you want to sell. To maximize the best  of profits from Bitcoin, you have to be strategic about your investments and buy like the asset is limited because it actually is and don't think about selling for now.

In addition OP, one will also maximize his profits if he diversify his investments well and invest for long term hodling. DCA is a great help, as one could continue buying irregardless of the price. And lastly, take profits when there are opportunities to be in profits. While these could be helpful strategies, but in the end it all goes down to being patient and stay cautious while dealing its volatile market.

By waiting for the price of his or her choice in the market before he or she can buy and hold for bull season to take place which is the season many holders use to release their crypto for income purpose, I believe you know that every crypto users have a particular price he or she is waiting for in the bear season before they can buy and hold.

Yes, I'm talking about the old price because I know that the price of crypto will not going to remain in this high price it's now, and once the bear season occur in the market, $20k or $50k is possible for people to see before they can buy and hold, which is the low price am talking about because I know that there are some people waiting to see the price hit back to that old price before they will be move to buy in the bear season.

I believe I have stated it easier in this thread, that newbies should buy when the price is low to accumulate crypto in their wallets and wait for the price to increase higher in the nearest future before they can sell, which is the dollar cost average (DCA) strategy , I know this strategy is very common in this community but is not too common among newbies which they need to key to this strategy for them to be able to maximizing income this season.

If you own Bitcoin, I believe you will make some profit in this year.

If you buy Bitcoin at the ATH, you need to wait for 4 years in order to earn profit.

If you hold altcoins, there's no way to know that. Altcoins not always pump the same or higher % like Bitcoin, while the loss is usually higher than Bitcoin, this is the reason why most altcoins can't overperform Bitcoin.

thank you for your input
I am interested in your statement no. 3

I am also still a beginner in the world of crypto trading,
usually when we buy at a low price, the crypto tends to continue to fall because it is in a downtrend, as a result we will float minus, or lose

then how long does it take to hold the coin until profit?

maybe others can help me too, I really appreciate it, thank you

You are right! It is good to be knowledgeable about trading  to avoid unnecessary loss. Also making inquiries about trading in Bitcoin and how it works is very important. You have spoken well!

It is not about maximizing your profit, because you can not easily say investment or trading, what is best?

It depends on different people, knowledge and experience they have about this market and with trading, as well as whether they are good or bad in disciplined. These things are important and decisive for success or failure in trading and investment. You can be a good trader and get more profit from trading than investment, but I am not a good trader hence I can get more profit from investment than from trading. Or worse if I am actively with trading, I will get loss not profit so investment is my only choice.

The problem is that no one knows for sure when the price of a crypto is at a low price or not. I think this needs to be explained in detail, such as using what method is used to find out whether a crypto is at a low price or vice versa, so that it can really maximize profits, one of the most important ways in my opinion is to know the tokenomics of a coin, don't let us miss important news such as that a crypto is in the distribution period for its unlock vesting. And another way is to analyze the fundamentals, so that we can find out whether it will have potential in the future, and if the hype occurs then it will really maximize profits.

4. Don't be greedy when you see the profit and want more big profit if the situation at the market is not good. Just take your profit right away if your analysis saying that the market will go down for a while.

If you want to maximize your profit, you can just invests in Bitcoin and not trading. You can buy Bitcoin constantly using DCA method so you will becomes an investor and not a trader. That will be better especially if you don't have much skill in trading.

But if you still insist to trade, you must learn trading so you know when you can trade. You can try to buy low and sell high but that will not easy as we don't know when the price will be at high or low. We can only try to buy and sell so we must be careful.

Actually The OP is right, but he would have included the DCA method on his right up. Because just like as you have said, I think is not always advice able for a newbie to wait for the price of Bitcoin to come down first before he would start investing in Bitcoin. At least a newbie can invest in Bitcoin with the DCA method, either weekly or monthly regardless of the market Price. Because as a newbie that really wants to invest in Bitcoin waiting for the dip before accumulating Bitcoin can result losing of interest.

For newbies and experienced hands that wants to use the DCA method it is not necessary to buy when there is dip, the method is to buy from your income irrespective of what Bitcoin price is whether it is in dip or skyrocketing. If your intention for Bitcoin investment is to hold for a long term that means that current price won't matter to you because at every circle price will always reach new ATH. But if you are not using DCA method, meaning that you are not buying periodically from your income, that means that waiting for dip before buying will be a good investment decision. Any product that is volatile like cryptocurrency is best to buy in dip to maximize profit when it starts to rally but DCA method is an exception because you are accumulating from your income.

I think it will be unwise to advice newbie to buy bitcoin only when the price is low because for an investor who is using dca method to accumulate bitcoin does not have to wait for the price to dip before accumulating, infact waiting for a desire dip will only make the investor to loose many markets opportunities sometimes self this low price  may not even occur, the price you consider to be low may not be low to some other investors. That why dca strategy is best for newbie because you don't have to wait for any price, an investor can buy crypto when the price is low and also when is high.

The problem is nobody knows how long the market will remain bullish. Even experienced people get panicked when the crypto market goes down more than 10% in a day. An increase of 10% a day rarely happens, while dumping of 10% a day happens very often. Usually, the crypto market accumulates slowly, and when it dumps, it dumps suddenly. That is where most new people get confused and sell their holdings even if they are at a loss.

Everyone should have their target, and they should make a profit once they reach the target. For example, if someone had a plan to sell BTC at 100K, they should do it because the bull run won't be there forever. You will have a chance to buy back again.

Pick a legit farm or airdrop grind that us easy to grind and low risk. Earning in airdrops on quality project is much way better than a stressful day trade which you could lose sometimes.

If youre an eth holder use it to maximize your profit theres plenty of protocol using it for airdrops lending no need to risk but only to loan. Youll take advantage of points while holding eth so if its goes up, its good plus airdrop tokens.

The moment you refuse to follow wrong decision or wrong strategies in this new year, I think the ability to maximizing income from crypto will come to you, because there are some good strategies you will use, it will not be Difficult for you to maximizing income through out this year. If you have not be using this common strategy purchase when the price is low and sell when the price is high, I will advice you to start using that strategy as a beginners, because it will allow you to maximizing income from crypto. Believe in your research, if you want to maximizing income this year, because what you see with your eyes through the research, is different from what you hear from people, because the research will tell you if the market is good for income taking or not before taking decisions.

It is very difficult to sell at high and buy at low. And this is difficult to do even for experienced traders, and it is impossible for beginners to do it at all. In this case, you need to sell your bags in parts and you will end up with a good average selling price.

Know your goal of your investment. If you want to maximize your profits in every opportunity that comes, then don't just buy and hold, but take time to sell if you are seeing significant profits in front of you. There's always perfect time to sell, and that's when you decide to sell in profits, rather than panic selling because of FOMO or selling just to cut your losses when crypto price consistently drops.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.
 

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.

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/

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

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.