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Author Topic: A wise strategy for your bitcoin  (Read 5991 times)
zarados
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August 22, 2017, 01:20:07 AM
 #1

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and  my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.
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August 22, 2017, 01:38:44 AM
 #2

That strategy requires you to have good timing on the market. But the problem is, by doing so, it will make you emotional and you will be prone to make mistakes making you lose some of your money.

If you want the best strategy for ordinary investors like us, "buy the dips". If you have a job you should save 20% of your monthly salary and make that available to buy when Bitcoin's price is falling.


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DoublerHunter
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August 22, 2017, 02:35:07 AM
 #3

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and  my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.
You are doing right with your bitcoin and that is a good strategy to grow bitcoin and that is what you called trading, just keep doing it and don't forget to analyze the chart or market by reading some news for fundamentals and also study chart for technical analysis and you will come up with a better trading strategy. As a newbie trader you are doing good with your bitcoins so keep it up.

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HabBear
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August 22, 2017, 02:40:29 AM
 #4

If you're going to trade, this is a conservative and wise way to do it. So keep it up!

You preserve your principal investment by only selling off profit and then you're only using profit for future investments (bets), which keeps your risk lower. And if you were to have bought in at $3900 and then the price goes to $2900 you should busy some more. And if it falls to $1900 you should buy some more. And if it falls to $900 you should buy some more. And if it falls back to the low hundreds you should back the truck up and buy a load!

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August 22, 2017, 02:40:44 AM
 #5

Seems like you've got good timing, but you are squeezing pennies to make cents. Honestly it would be smarter to buy in more when you can and hold for the long term.

When it's a good investment, it's wiser to keep buying in than trying to time the market.

You don't see Warren Buffett buying and selling his shares due to market fluctuations. He buys for the long haul because he sees good value. Ultimately, that should be the reason behind holding BTC fellas.

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August 22, 2017, 02:52:39 AM
 #6

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and  my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.

Yes mate, you are doing absolutely the way it should be. It doesn't matter how little you increase your bitcoins, the goal is to increase your bitcoins.
I guess the only challenge that I face is knowing the perfect timing to buy and sell. I assume you are a full time trader who focuses at prices 24/7.
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August 22, 2017, 02:52:58 AM
 #7

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and  my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.

There are some traders that I know use this strategy but they use it in altcoins. Your strategy is good because you did not lose anything since you already got back your capital and your profit is earning as well. In this way, you can multiply your coins in a short amount of time than just merely saving it in your wallet. It is risky since you need to have the right timing when to buy and to sell the coins and as long as you have the patience and knowledge in trading then you are in your way to become a profitable trader.

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zarados
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August 22, 2017, 03:21:21 AM
 #8

That strategy requires you to have good timing on the market. But the problem is, by doing so, it will make you emotional and you will be prone to make mistakes making you lose some of your money.
Yes, we need a good timing for doing this. But no, if you say it make me emotional or something, because what I see is the quantity of my btc, not the price, as long as my btc increases, I think that wasn't a mistake.

It is risky since you need to have the right timing when to buy and to sell the coins and as long as you have the patience and knowledge in trading then you are in your way to become a profitable trader.
you're right, Need patience and knowledge about trading to do it right. As long as Im a newbe at trading, so all I need is just learn and learn from others experience.

Seems like you've got good timing, but you are squeezing pennies to make cents. Honestly it would be smarter to buy in more when you can and hold for the long term.

I will try to be smarter than this. and yes I do, I want to hold it for long term, but I also need to increase its quantity Grin
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August 22, 2017, 03:26:20 AM
 #9

It's very hard to time the market, so the easier thing to do is just buy during dips and hold them for a long period of time. The length in which you are willing to hold would also depend on what your target is. If you don't have any short term targets, might as well just hold what you bought and just wait for it to grow in value over the years.


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zarados
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August 22, 2017, 03:28:07 AM
 #10

Yes mate, you are doing absolutely the way it should be. It doesn't matter how little you increase your bitcoins, the goal is to increase your bitcoins.
I guess the only challenge that I face is knowing the perfect timing to buy and sell. I assume you are a full time trader who focuses at prices 24/7.

actually, trading is my side job. I work 8 hours a day, Monday till friday, but I'm working a lot in front of my computer. And my work doesn't disturb me while doing this.
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August 22, 2017, 03:34:21 AM
 #11

this is good, you are in fact storing your profit in bitcoin.
it is not an easy thing to do but if you are only trading when the market is at its most predictable state, you will be good.

my strategy is somewhat similar to this. i do it with altcoins. i invested a fixed amount of bitcoin and then each time i make any profit, i take that profit out to my bitcoin cold storage and keep that initial amount still in trades.

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August 22, 2017, 03:36:54 AM
 #12

Sounds simple enough, right? But that's actually easier said than done.

There's alot of "ifs" in your plan. You're just pretty much hoping that the markets move the way you would like it to.
Quote
When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and  my total btc is 0.384xx.
Then what if the price dumped more after you bought at $3900? What would you do now? Panic sell? The bitcoin market isn't gonna hover around the $3900-$4100 price range forever. It could dump to $2500 next week, or rise to $5000, no one knows. Don't forget that crypto markets are super volatile. There are so much flaws I can see with this 'strategy'. But if you could make it work, then good. Best of luck.

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August 22, 2017, 03:43:47 AM
 #13

Sounds simple enough, right? But that's actually easier said than done.

There's alot of "ifs" in your plan. You're just pretty much hoping that the markets move the way you would like it to.
Quote
When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and  my total btc is 0.384xx.
Then what if the price dumped more after you bought at $3900? What would you do now? Panic sell? The bitcoin market isn't gonna hover around the $3900-$4100 price range forever. It could dump to $2500 next week, or rise to $5000, no one knows. Don't forget that crypto markets are super volatile. There are so much flaws I can see with this 'strategy'. But if you could make it work, then good. Best of luck.
,yeah totally agree, its sounds good to me when you are actually at the right timing and always keeping an eye at the market price, but what if you cannot watch all the time? it is not that you are always sticking around in the corner and just watching the price, does it even sound boring or as what have he said what if the price suddenly goes down but you bought not at the lowest? you'll probably panic sell or much wiser if you hold it then wait til it pumps back.

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August 22, 2017, 03:48:23 AM
 #14

It looks like you are doing well; however, my only advice is to be careful....the market is unpredictable.  Practice a sound money management strategy and never put your whole bankroll at risk with a single investment.  Right now the bitcoin market is running good so your strategy is paying off....the markets change very rapidly---> don't chase your losses and don't get caught up in the hype when the markets flip.
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August 22, 2017, 03:50:31 AM
 #15

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and  my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.
It is a 'good' strategy, I guess.
But, you really have to enter the market at the right time.
Just a bit late, you'll lost lots of your money.

But with your strategy, I don't think that it'll always work that way.
You still need to learn how the market goes. The market won't move just like you want them to.
dobladi
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August 22, 2017, 03:54:23 AM
 #16

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and  my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.
That's what we call investing. You will use a capital to invest and when there's a return of investment, the profit will then again be used for another investment, in that way, your money will grow continuously. So you are really doing great, and nothing's wrong with it. The market value of Bitcoin increase from time to time, so you don't need to worry.

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August 22, 2017, 03:55:37 AM
 #17

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and  my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.

Nice strategy. I think with this method you can continue to roll your bitcoin and can probably make at least 1BTC later. I have similar method that I used but now I don't to trading because of prior job because for me you need to focus on trading so that you can already make a good profit out of it. But just like what other's have said, you need to have a perfec timing but it seems you have a lot of time in your time so this strategy perfectly fits you mate. Goodluck and I hope you earn 1 full BTC in the coming months.

Right now the price is dipping, perfect opportunity for you to get in now.

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August 22, 2017, 04:02:12 AM
 #18

Sounds simple enough, right? But that's actually easier said than done.

There's alot of "ifs" in your plan. You're just pretty much hoping that the markets move the way you would like it to.
Quote
When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and  my total btc is 0.384xx.
Then what if the price dumped more after you bought at $3900? What would you do now? Panic sell? The bitcoin market isn't gonna hover around the $3900-$4100 price range forever. It could dump to $2500 next week, or rise to $5000, no one knows. Don't forget that crypto markets are super volatile. There are so much flaws I can see with this 'strategy'. But if you could make it work, then good. Best of luck.
,yeah totally agree, its sounds good to me when you are actually at the right timing and always keeping an eye at the market price, but what if you cannot watch all the time? it is not that you are always sticking around in the corner and just watching the price, does it even sound boring or as what have he said what if the price suddenly goes down but you bought not at the lowest? you'll probably panic sell or much wiser if you hold it then wait til it pumps back.

well, I've say it before, I'm not watching the price, because though its goes down deeper , it'll come back where its belong,even more. you know it, I know it. Others know it.but  I'm watching my bitcoin quantity, So , As long as My Bitcoin quantity increases, I'm seeing it as a positive movements.
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August 22, 2017, 04:08:34 AM
 #19

Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and  my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.

From what I understand you are treating Bitcoin like stocks, but at every dip sell at every high while this is a nice strategy, you sold at 4100 while Bitcoin went way above 4500+ you can calculate the amount you missed, the only problem with your strategy is you will always be in a hurry to sell and you may miss the bull rides often. I would suggest not to sell them, keep on buying at dips and continue make a average.

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August 22, 2017, 04:15:17 AM
 #20

You have a strategy, for me it seems good... You are always preventing yourself to don't get back less than you used to buy the Bitcoins. Doing this you don't need to worry about losing money, as you only sell BTCs if you are able to recover more than the fiat amount invested and you have always some BTCs stored that you never sell, holding for the future.

It's good to put more fiat money on it too when BTC price drops too much, meanwhile maybe an online investment...
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