Bitcoin Forum

Guys have few half bitcoin i earned through promoting projects and i am looking for a way to increase this btc, i am thinking of using USDT to lock my btc when bitcoin reach 9,000 plus and buy back when it drop back to 8000 plus, is this possible or just a stupid idea over all?

I do not understand what is meant by the USDT to lock BTC in order to touch the $ 9k botcoin price?
Profits cannot be certain of this. Pure market movements so profits can be sure you hold small amounts and then sell at high prices.
Bitcoin keeps moving maybe tomorrow it will touch $9,000 soon.

it depends on the price action that will occur, if you make an investment and want to sell it when btc touches the price of $ 9,000 and keep your funds in USDT then you can do it, but first make sure whether the price will fall or continue to grow. so first you have to look for possibilities that can happen to the next bitcoin price.

Not a stupid idea but you would have to trade it back again before the price goes up again. Otherwise youd be burned. That's what everyone else calls trading.

Its not hard to do when you know when to do it and this is why there is the need for a trader to know how to read the charts. The more money we spend learning the better we become.

When you get earning from promoting some project with bounty campaign or airdrop better use half your income for investing with bitcoin only, I think bitcoin is most safety investment way than other coin with have risk to lower price, you can hold bitcoin although for long time but keep exist with higher price and never have delist from exchange like altcoin.

What you need to do is buy some bitcoin only if the price of it is on the lowest state. Try to take advantage on bitcoin when the price of it is low then try to hold it as long as you can and wait for a perfect moment to sell it. If the price of bitcoin is profitable on your side, you can now sell it. As long as you bought it on lower price then sell it on higher price, it is good.

I think it makes sense. Looking at the graph, seems like a good idea. But remember that it's recently created a new support at 8700-8800. It can also go from 9k to 10k without pausing. So, there is a possibility that your forecast will come true, but the market will say the last word as usual.

Yes, that is right and that what we called diverting into a stable coin which is USDT. That is possible to make a profit and that is already proven and tested from different traders. But just to make it sure that your profit was there before diverting to USDT, not just to cover your fees because that is normal. That what we called, buy and sell strategy. Just try it, but it is considered as long term trading and you must to wait the fluctuation of BTC price.

at least you can start with a capital and when you have made a profit, the profit should be saved or hold for the long term, and the next action you can use capital that has returned to buy more when prices weaken. it's a way where you can maximize profits for maximum long-term profits

I think this is a good solution, so the profits you have will certainly still be there and the return on capital you can invest in the coins that you have planned, I think you also need to remember and re-record which coins you will go after you have enough capital, and you also have to pay close attention to the coin that you are holding and then you can add to the profit you have saved before.

This is called trading and not a bad idea actually but the time you decided to do this is wrong in my opinion since the price started to climb up from this year's beginning.

Hold bitcoin until the end of next bull run the apply this strategy.

Your tactic is to buy when prices are low and sell when prices are high, which is the same tactic for everyone on the cryptocurrency market.
However, in order to be so, you need to have an accurate judgment about the price of bitcoin fluctuations. What if bitcoin could not reach the price of $ 9,000, if you make a mistake, you will probably lose your money.

*few half a Bitcoin*? like multiple 0.5BTC or less?
Depends on you. Can you afford to risk that amount of Bitcoin? If no, I will suggest you trade only part of the money. You keep the remaining part in stablecoin and use parts of that for buying more coins whenever price drops significantly. When price goes up, you sell the amount you bought and move it back to stablecoin. This should give you some reasonable profits if repeated multiple times.
I don't recommend trading with all you have unless you can afford to lose that.

to prevent if the price of btc goes up i think you should sell 50% so you don't lose too much if btc goes up and don't lose too much if btc goes down, this is the best way, rather than you selling all your btc to get maximum profit

It's a bad idea right now as the bitcoin is still in the bullish trend, it's better for you to keep them all in bitcoin form and the waiting for the peak price of bitcoin to happen in the future. We will face the next halving event and i believe it may possible to touch over 10k easily and this time 9k is reaching bitcoin and just expect more to come very soon.
Just hodl all of your bitcoin and put more than 10k as your next expectation to sell all of your bitcoin.

Nobody can make predictions with certainty, because it depends on events in laws, regulations, political and fiscal decisions, the stock market, other world events,news from the bitcoin world and price action. And on top of all that comes the psychology of the traders and private and institutional investors, how they interpret these signs. However, Unless something terrible happens, I expect a continue uptrend that leading us to price levels of 2-3 times of current price until May 2020. thereby, buy now and HODL.

that's a good idea, I often do this when the price of bitcoin goes into a downtrend I sell it to USDT or some stable coins, after cheap bitcoin I buy it back, you can start with that way of buying and selling, remember buying cheap not buying at high prices, buy cheap and sell when expensive, not vice versa

I have also done this, locking my Bitcoin when I think it has already reached its tip of the pump. And the easiest way to do that is to use stable coins such as USDT. Right now there are already several options because unlike before when it was only USDT that was the most high in volume and trusted as a stable coin. But locking Bitcoin at $9,000 is something I cannot confirm. I myself will not do that. I will be hodling until around $13,000.

You can try to do this but trading is a little more complicated thing. Doesn't matter how good you are and what your strategy is, you will never be 100% sure what is gonna happen. As such, you must be ready for being wrong some decent % of the time and prepared for this both mentally and financially. You can have many trades losing before a winning one shows up that regains your loses and also nets some profit. In your strategy you also need to consider what would you do if the market went the other way. You need to ask yourself when do you buy it back with a small hit if market goes the other way and BTC starts rising after you sold it. If you make a good plan for all outcomes then sure, try it. Quite importantly too, please do not trade your full capital at the start. You can test your strategies on paper or trading like 5-10$ at once.

I need another $100 to reach $9000 on the price of bitcoin. I believe this will soon go up to the price you want, but will your tactics be right? but if bitcoin is downtrend, it's better to sell to USDT then hold it back because that is a good way and the USDT will not drop in price.
Most likely bitcoin will be a good way when the price will redeem $9,000.

The fact that you are relying other people making that call for you is a stupid idea. If you are fairly that will be the price action happening, then do that. Then again, btc can run up higher and never to come back on your 9k. No one knows. No one can make those trading calls for you.

It's not a stupid strategy but if you can keep the bitcoin, please keep it and look for something else as your source which will be used for buying additional quantity of bitcoin.

But if this is what you really plan to do, this is the very known strategy of buying low and selling high. Rinse and repeat and you can make money out of this strategy just like the most.

It is not a bad idea. As long, you can accept possibility bitcoin price not reach that $8000 and keep increased. Because in trading, something unexpected sometime happen. If me i will do it half, and the other to sell or exchange bitcoin to usdt if bitcoin price increased again and not dump anymore.

It is either that is a correct decision or the price of Bitcoin will still rise up to $10,000 or even higher. That is a very near possibility in the next few days. The price of Bitcoin right now is really bullish it is not a wonder if it breaks $10,000 very soon. But that is a good decision to stay safe although you need to understand that Bitcoin always surprises us.

that's not a stupid idea I consider it a return of profits ,you're very right when trading with that method the time period might not be long because the price of bitcoin is very good ,but it's better to you use fiat and it will be safe by not having any risk

It is not stupid idea, it is just your strategy to maximize your profit just keep going, we don't know your prediction might be right, if bitcoin reach $9000 then it will go down the price at $8000..

Long term holding can be used to maximize profit, but when unexpected market went to an intense value; it became unstoppable. The market will behave so fluctuating, as every trader will grab a quick profit to fulfill their target. Because of that idea, more demands will come and this contributes to the price increase successfully.

This is perfectly wise as the market is accepting the price of bitcoin higher and higher. It's one of the best ways to maximize profits and we need more patience.
And in my opinion for bitcoin it will soon rise to $ 14k or $ 16k soon in Q2. If you buy bitcoin about $ 8k or $ 9k then your amount will soon increase by about 50% or 60%. I am also using your way to work part time and bounty to put all your money to buy BTC and ETH. By now, my portfolio has increased by 36%.

If you confident about your trading skill, then sell bitcoin now and rebuy later is a good option. But if you dont, then dont do that, you might get some profit but i am pretty sure that you might miss the moon train. I think the best way to maximize profit is holding and do nothing more.   ;D

That's a good plan. I think you know what you are doing and you know how to handle your Bitcoins. Well, you need to continue with your plan and know the next step after you have done that. That way you will be sure that you will really maximize your profit. Keep on trading. You've got the skill!

Or you better not wait for the price to change. You can as well do invest on trading if you are familiar of doing it, so that you might be able to generate income as early better than waiting for something to change on price. Or if you want less risk then you could do it with half or 1/4 of your earnings at least.

Best way is to hodl if OP have a target price before he's going to sell it to increase his investment but I don't know what will OP be doing after selling. Price of Bitcoin will keep on moving it's best you have a plan of what you are going to do after selling either hodl after buying back.

I would suggest to go for it but you need to be very active and need to have a proper market research and updates because here timing matters the most as things can change in minutes when it come to crypto. I would suggest to sell when the value reaches peak and starts to drop by few dollars only then you can lock you btc at highest peak. In order to bug buy cheap and same technique applies for buy back as well.

The way to maximize profits at the moment is to keep holding BTC in the near future. Certainly the price will keep going up so don't sell them, if you sell then you will surely regret it. In addition, you can use your BTC and invest in altcoins, search for the top altcoins in the market and have cheap prices to buy.

This is the best time to invest the cryptocurrency, so your suggestion is good for this statement. But he is not a familiar traders, because every traders know the price fixing of our convenient schedule. so if you really understand how the market moving forward and backward of further days. Once satisfy our ratio, automatically it make constant profit on trading.

Here in this forum many people started learning and earning from campaigning and bounties. It is really helpful for many people so you can continue to make the profit for building it next level.
if you go to invest in any platform finally you may face the loss of something so you can continue with marketing works and make the money more.

for you to do this, you will need to have good knowledge in technical and fundamental analysis, currently all news channels related to bitcoin are making very optimistic price forecasts:

bitcoin price ready to push above key resistance to hit 10.000 (https://cointelegraph.com/news/bitcoin-price-ready-to-push-above-key-resistance-to-hit-10-000)

this means that the price can really increase a lot

The best way to increase the bitcoin, is to buy low and keep for a while.
You missed out on buying before the recent surge in price.

It is not a stupid idea at all, and you do not need to sell to usdt. Keep your btc with you and don't miss out on the next pump.

Nonetheless, ensure to dyor.

About market that possibly unstoppable, maybe it is better for Op to split his capital so at least he wouldn't regret if bitcoin price keep pumped and miss the train because he still have half of his capital to sell in higher price.

Why do people do not continue what they do to keep increasing the money they have? You said you collected that much money by just promoting projects, why not continue to do that? Why must you risk even more to eventually end up losing your money? You do realize that when you try to maximize your profit, you would be risking even more money, not saying you will lose it 100% sure but there is that risk.

However, if you are good at something and collected 0.5 bitcoins already from it, there is no reason to stop doing that and move into something different. I don't know how long it took you to get that much money but personally that money is a lot to me, if I had a way to make that much money I would just keep grinding that and even promote more projects and work harder there.

if it works, then it's a good idea, it's just that we can't determine success or failure before we try it. so far, I have a strategy to increase my bitcoin by holding it in the form of an altcoin. Well, little by little, it works. however, if you believe that the price of bitcoin can return to the price of $ 8,000, then do it. but remember, DWYOR

Do you mean TS should hodl? Well, you have a point when you said that he should keep it. But if he can do both trading and keeping his coins at the same time, he should be doing it. As for me, if he has the ability to do trading, some of the tokens or coins that he have. Daily trading will help him on his daily expenses.

Yes because he has bitcoin so there's really a need for him to hold it. But if it's just another random altcoin, he's up for any decision that he wants because it could give him some decent profit or somehow losses.

He wants to trade it for USDT so that he can keep the value and buy during the dips and eventually sell if it pumps a bit. I think he knows how to trade but only lacks experience so for people that do have that kind of worry, they have to think again and day trading I guess it is not the right time for him.

It can work but what will happen if bitcoin go to 9k and stay there and grow more, then you will buy less bitcoin, you can try but also you will depend on luck and also depends on what hour you are online and when price of bitcoin go down so you buy more, but better search other way to get more coins if you don't know trading.

This is still good as trading your btc. I bet you'd generate more profits than expected. If you are a pro trader, you may  take the horn by trading your btc for more profits.

If you are willing to wait then it's not a bad idea at all. Since the market fluctuation always been a part of this market setting your goals and targeting your position is quite good than to keep chasing the movement inside the market.
It also save you time to monitor your  trading position you just need to wait once your position already been executed.

Most of the users go for long term holding. While holding itself doing trade in between will help in accumulating more and more bitcoin. Very few practice it, another necessary thing to be done is the staking. A new process has been put forth by some projects in which certain percentage provided as profit based on the volume staked.

Yeah having a portfolio of both old and new coins could help out a lot, at least you would have a stable side and a risky side. For example, if you have 0.5 worth of bitcoins, having 0.3 btc worth of good old trusted coins like btc-eth-ltc and stuff like that would mean your 0.3 would become 0.5 in the end, maybe today, maybe in a year, maybe in two years but that will happen, so the other 0.2 is actually for risky plays.

With the other 0.2 btc you could buy brand new coins, ICO's, IEO's and many other stuff like that, maybe coins that have been around for a while but quite hail marry to just buy like doge or redd or whatever. However, I would suggest staying away from xrp,bch,bsv those are ran by people who are crooked and not liked, coins are fine themselves but anything weird could happen due to their owners.

It's trading strategy, shorting, you sell high and you buy back when price drops. It works in some moments, after all every price rise has top, like every drop has a bottom, catching top and bottom is not always possible, but with monitoring the market carefully you can maximize your chances for successful trades.
It's not a stupid idea, every coin has a volatile price, so every coin has some range of that volatility. Except sudden increases and decreases, which often happens in crypto market, price tend to keep some range for some time. Spotting this ranges on time will help you to determine where are tops and bottoms, and you can adjust your orders by that.

selling it to make usdt is a very good idea because usdt is the most stable join and buy when the price goes down is also a very good plan I also do that

It is the task of each trader to make profit, but why do most of them have long minus deals in some places? I think it's all about dispersion and those who can overcome it with a positive strategy will win.

How is your strategy, does it works great and effective? If that so, you can maximize your profit anytime.
But don't get stupid enough to think of easy money cause it never meant that way. It all be a sort of hard work and meant of how we work on our trades, effectiveness of our strategies and capital. These things will help you to achieve your goal and most likely you'll be able to gain more than what you've thought.

Short trading can only work if you have knowledge about it, and if you want to increase your bitcoin holding then you can do the short trading but think also about the risk of it. Keep working with the bounties, don’t stop doing that until it increases your holdings, don’t do a short trading if you’re not confident because you might lose your bitcoin.

It is not a stupid idea because it is your own strategy to be able to gain a profit. For sure you have think about it for so many times to be able to come up into that idea. Because if it was just a wild guess or impulsive decision making, then it will not fully function or work. But your idea seems nice and I think that you should give it a try since it seems that you have already calculated the amount of profit you can acquire by doing such strategy of yours. Better go for it because trading Bitcoin for a stable currency which is also a good trading pair which is USDT is a good idea if you want to stabilize your asset for a while and wait for the opportunity to get it back in terms of Bitcoin once again. It is a matter of choice and taking risk at the same time.

It's not about to sell that for USDT but it's to avoid the volatility from the crypto market. But this can be the best way to maximize profit as when we are trading using stable coin and our profit will not get decrease due to the volatility that happens on the crypto market anytime. Just try to pick a coin with good volume and volatility. To maximize our profit needs a lot of factors just like when you are getting a good market with high volatility and you can expect a huge pump to happen easily caused by a lot of whales are also trading there. What you have been writing in your post is about the basic points to do a trade in crypto market.

from what you wrote, I think you are newbie. You should learn more what to predict price
learn more is the way to maximize your profit. educate your self first, then the profit will follow
there are many sources to learn cryptocurrency. In internet, you can get it all

That's the smart way in my opinion if bitcoin reaches a price of $ 9,000, then the profit is stored in stablecoins like USDT. Because usually
after the bitcoin pump will be corrected first, if the bitcoin correction to $ 8000 it is better to do a buy back. But if wants the maximum
profit is to wait lower again at $ 7800, it's better to buy back in my opinion. Moreover, the capital is bought some of the altcoins are getting
maximum results. But I also only provide input that the truth is not necessarily guaranteed. Then from that the decision is yours.

Just hold it if you don't have any idea on what you are doing.

If you are not sure into what you want to do with your hard earned Bitcoin, better to just hold it instead of trading it because that is already trading. What if the amount of Bitcoin you get after selling your Bitcoin will decrease? If you aren't really good in trading, just hold it for a certain amount of months or years and just continue to promote projects.

So do you save your results in current USDT form until BTC reaches 9K? and when the BTC price drops at 8K you will buy it back? if you mean like that, it's good to sell when it's expensive and buy when it's cheap is an important principle that is trading. But it needs to be considered to achieve an increase in BTC up to 10-30% is not easy and certainly will take quite a long time, and when that time comes we do not know whether BTC can go down or go up as you expect.
But if you believe, then make it happen, and if it happens to me with the position of holding the BTC, I will not trade on the BTC-USDT, I will play capital on altcoin, which if viewed in terms of losses can be minimized by managing and divide the money Altcoin will buy with consideration of price and market volume itself.

That's not stupid, but the price of bitcoin isn't always there. When you lock in the price of $ 9,000. And sell it, then the price goes down, that's fine, but if the price of the pump, you will regret it. I have a little good advice. Maybe you can sell half of your bitcoin at the price you lock, and half to prepare for the pump.

This is a good strategy for sure, I remember when Ethereum was around 2-4$ per ethereum I would try and trade ethereum everytime it went up and down.
Just to increase the amount of ethereum I had, it worked very well and you will learn you about the very volatile market as well if u watch it everyday.

Now a days you can even go the step further trading your Bitcoin for Usd-t and try to do the same thing, you do need to keep a eye on the market every day if you do that, You will make some mistakes but it will teach you valuable lessons.
So I think this is definitely a good way of familiarizing your self with the cryptocurrency market and increase your stack of Bitcoin.

USTD value is not much different from the dollar. so in my opinion your trick is to wait until the price drops, the difference here is if an ordinary person secures his assets in dollars, but you secure it in USDT. because the USD and the US dollar are worth it.

And you ever think that it helps you to gain more?
Coz in me, I'd rather keep it in BTC as I've seen that Bitcoin price will move higher more than of $9k and that it seems to more gaining.
I suggest to be strong enough and think that everything will be fine as halving comes. You'll need not worry for the price to drop. I understand that you'll need to be secured and everyone does, but why not disclosing some instances knowing the fact that the price will surge high anytime soon.

Yes, it's also a good idea if you correctly predict the price of bitcoin will go down to $ 8k. but if the price doesn't drop below $ 8k then you won't make any profit. In fact, no one can predict the price of any coin, it's all about probability. So if you want to maximize profits but don't miss the opportunity when bitcoin grows, I have an idea for you. Instead of buying everything at $ 8k, divide it into 3 equal parts. you will take the risk at $ 9k or less and buy all at the acceptable price. That is the commonly used DCA method.

If you have that sentiments with the market then it's better to keep your assets being hold and wait for a much bigger opportunities. The market
is volatile and those who are willing tot work with it both from long and short term investment are able to get good benefits. Timing is the key
to succeed best to learn how to place your position in the right time and in the right place.

Hi enhu can you please try to drop information about how to read charts? I've been looking for answers about reading charts so one will know when you buy and when to sell again, where and how will help a lot on this forum

You mean sell your 0.5 BTC to USDT when it hit $9000 and buy back at $8000 mark? I think it is okay since today, 22 Jan chart show right as your prediction. Tho, I think BTC won't hit $8000 so you better buy back, maybe split half of 0.5 BTC to .25 to reduce the risk.

I think holding bitcoin is enough if you want to grow it, trading can makes it complicated since its not easy to predict the next movement of the price and make an analysis.

However USDT is a stable coin and you have the assurance your money wont fluctuate, in this case the decision is up to you because we have different strategy on how to grow our money.

if you expect double profit by selling bitcoin at 9K $ and buying BTC at 8K $, that's difficult because btc itself isn't as easy as it can go up or down. Here you must make a choice whether you will hold BTC or USDT. If I think it's better for you to hold USDT first and wait for a good moment to buy back btc or altcoin but still you have to pay attention to trends and issues from the development of BTC-USDT itself. The possibility of a good trend for BTC will continue, so at least until Q1 2020, but all of this is not guaranteed either, the risk depends on how prepared you are.

good strategy, but prepare the rest of your money to buy at a lower price or when the graph shows an increase. does require a good focus when you trade bitcoin. but when you get lucky and get a good chance you can get a big profit by trading bitcoin. but take into account the trade costs you make in exchange. because usually traders with large capital often forget and do not pay attention to trading costs in exchange.

Maybe we are wise enough to see the market position and to find where we gonna make more gains. If you think that will gives you assurance, then bet it. Actually, there is no harm in trying that strategy...maybe it works for you but not with the others. For some of us here claims not a good idea, do they try it? Maybe not.

How it can have the different value if USDT uses dollar to backed its fiat money and what you are saying doesn't make sense. The majority of exchange sites are having USDT pair but not for the direct pair to the dollar. Some exchange site like kraken, coinbase may have direct pair to the fiat money but it's different with the global based exchange site that used dollar caused by the regulation.
To secure your asset into the USDT or fiat are not having differences.

You can try to keep your Bitcoin only for long term. It is good decision if you dont understand enough how to trade altcoin
But if you have knowledge to trade altcoin, then trading is good way for maximize your profit
Dont forget to set good money management for every trading. It is a must in crypto trading which has high volality market

That is one thing that you can do to increase your bitcoin amount. I don't think that is a stupid idea because as long as you can sell when bitcoin price increase to the higher price, and you can buy back bitcoin when bitcoin price decrease to the lower price, you will have a chance to make a profit in usdt and bitcoin. But that will not be easy as we don't know how much bitcoin will increase or decrease, and we can only know when bitcoin reaches the price that we want.

to get profit and increase bitcoin Some of what you have today by selling when bitcoin prices go up and you buy them back when prices go down is one simple way, and it's not stupid in my opinion, and you certainly have to be patient to wait and buy bitcoin when prices down, because of course the rise and fall of bitcoin is not easy to predict.

That's a good point and that's a common thing in trading when someone must sell his bitcoin at the high price to buy that again on the bottom but just try to consider the selling point as a very important thing that will determine how much profit will be earned by OP. There was another way just like try to invest in medium level altcoin because we need the volatility from the medium coin to grow our bitcoin even faster than keep them all in the bitcoin form. Some people have tried this and they are all getting enough profit from this strategy. OP has made the right choice by use USDT but waiting for that will go back again 9k again needs the more time.

at the moment, it seems wrong to hold USDT, it's because there is a possibility that bitcoin prices can go up. so if you lock the assets that you have in the form of USDT, and the price of bitcoin goes up, then the assets that you have in the form of bitcoin decline, it will be quite detrimental if you see an opportunity you can hold bitcoin for a long time. Well, I'm on the side that holds bitcoin in the long run.

This is not a bad idea to hold the coins in USDT temporarily as i do not trust the coin in the long term but if you are having a trading idea to hold the coin in USDT for a short period then it is well and good because of the liquidity it has in different markets and it is a great way to hold the profits until you find a trustable stable coin with liquidity.