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Author Topic: How mutiply the BTC with your own gains??  (Read 7573 times)
TheUltraElite
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July 07, 2019, 07:51:24 AM
 #21

initial capital of $ 500 with a profit of $ 30 I think that's a good thing, but maybe you should be able to sell even if you have a profit of $ 30. I think it would be better to have a little profit but it can be sustainable and try trading again with your $ 500 capital
Initial profit of 30$ is not a bad one.

Considering that your profits depend on how extensively the market runs you could make huge gains by buying at proper price and then holding it for proper time. What people make mistake in the wrong buying time - they buy at the all time high when social media is going "MOON" and get rekt or they buy the wrong coins which are pumped once every year for its bagholders to clean up their bags. Another thing that lack is patience but most get used to it nowadays as long as you are not trying to live on trading money. Buying low and selling high is the only basic thing that every person should remember if they want to "multiply" their capital.

R


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July 07, 2019, 07:57:53 AM
 #22

With that large amount it will difficult to move it from one exchange to another.

You already made a profit that is a yes. But let us say you have 5 bitcoins. You are selling 1 BTC just to make profit.
What did you lose? 1 BTC. But because you are calculating in USD, you will never realize that.

Better sell all and then buy back at the right time. But the question is when? With the volatility of the market we dont have the accurate speculation in where it will go. It is a risk that you should be willing to make. Regrets will be there if a sudden increase in bitcoin price comes.
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July 07, 2019, 08:22:50 AM
 #23

Wow! That's not bad at all. If I were you I'll cash it out already and wait for the next bull run (if you are only hodler anyway). But my advice to multiply not only your btc but your whole money in general, divide your profits once again. Use the half which is $15k, based on your example, for your needs and wants and use the other half for establishing passive income sources or at least a place which helps you to become more productive. Small businesses could work, it was a nice way to earn money; yu can also invest on other assets such as house (and use for house for rent), land and vehicles.

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July 07, 2019, 08:42:46 AM
 #24

Bitcoin is a cryptocurrency, which is normally seen as a digital asset, Hence, for easier way to gain BTC, is to go towards investment, or still enter into a trading platform and take a prediction time to buy and sell, you still make gain.
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July 07, 2019, 08:57:41 AM
 #25

When you trade with small amounts like that, your trading fees eat at your profit. So if your exchange charge a 1% trading fee, you would be paying +/- $5 trading fees when you sell or buy those bitcoins. You also risk not having any bitcoins when there is a sudden spike in the price. The reason for that is after you sold the BTC, you have to wait for the BTC price to drop, to get buy BTC again.  Roll Eyes

I started with a small amount and constantly bought BTC until I had a bunch of coins. I then used the "buy low & sell high" strategy and kept some of the profits to get the money back that I initially invested. <So you bought $500 worth and you have to get that back, before you can be risk free>

Break even first and withdraw small amounts until you get your initial investment and then continue trading with profits and not your own money.  Cool

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July 07, 2019, 09:52:05 AM
 #26

If you are not badly needing the $30 then I suggest you do not withdraw it. The only way I grow my BTC is to trade them with altcoins. Sometimes, I make use of USDT when the charts are all red. I used to have bitcointalk campaign proceeds, but ever since the ICO has gone too weak, I am not earning anymore. Right now, I mainly trade BTC and altcoins. My trade calls are very simple as I am not really skilled in day trading.
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July 07, 2019, 10:43:18 AM
 #27

If for example I have been working in the cryptocurrency market for almost 3 years and during this period I already have some kind of experience and certain knowledge, Although they are very small compared to those professionals who sell cryptocurrency and invest their money.  But nevertheless, I firmly know that if Bitcoin dropped in its price to $ 2500, as it was at the end of 2018, then this is a happy chance for every cryptocurrency user to buy Bitcoin profitably.  Therefore, it seems to me that you need to wait for the right moment, and not buy BTC just to buy.
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July 07, 2019, 11:21:31 AM
 #28

When you trade with small amounts like that, your trading fees eat at your profit. So if your exchange charge a 1% trading fee, you would be paying +/- $5 trading fees when you sell or buy those bitcoins. You also risk not having any bitcoins when there is a sudden spike in the price. The reason for that is after you sold the BTC, you have to wait for the BTC price to drop, to get buy BTC again.  Roll Eyes

I started with a small amount and constantly bought BTC until I had a bunch of coins. I then used the "buy low & sell high" strategy and kept some of the profits to get the money back that I initially invested. <So you bought $500 worth and you have to get that back, before you can be risk free>

Break even first and withdraw small amounts until you get your initial investment and then continue trading with profits and not your own money.  Cool

This is pro mode activated. You can also invest in this site and they will give you a bit more than 4% a year for the time you have your Bitcoins stored with them.

But be warned, when you make a transaction the blockchain fees enter into account as well as the fees of the site itself.

Link: https://freebitco.in
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July 07, 2019, 11:53:21 AM
 #29

Well let me tell you what I do .

I keep two wallet , one for long term holding and one for holding for short term using which I often sell them whenever I see I need them.

Also at the same time you can use that short term wallet , to actually trade .

Don't keep everything in just one coin , you can distribute them in many actually which have future potential to bloom , this way you can get lucky who knows.

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July 07, 2019, 12:26:24 PM
 #30

Hi there!

I want sugestions about how mutiply the BTC with your own gains...

I invest $500,00 in BTC, in variation of BTC (%) I have now $530,00....

I want to know if it's worth to sell those small profits ($30*) to wait a down Bitcoin % to repurchase them again. Or is it very little profit and not worth reinvesting?

Help me understand this mathematics of reinvesting to multiply profits... I'm very confusing about it, and I want reinvest and multiply...

Most of the traders for what they do was day trading, it may not a huge profit you could get but at least you can gain daily.
Because, once you implement or apply day trade it may or may not be happen were you can multiply your Bitcoin more than
what you had purchased for sure, if you do proper way and good timing too.
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July 07, 2019, 12:28:56 PM
 #31

For me ,it's risky to multiply in short term.
I recommend that you're holding for long term so you can multiply with lower risk ( long term for example 1 year or 5 year )

Yes, it's long time and need patient but it's worth !

Smiley
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July 07, 2019, 12:54:17 PM
 #32

For me ,it's risky to multiply in short term.
I recommend that you're holding for long term so you can multiply with lower risk ( long term for example 1 year or 5 year )

Yes, it's long time and need patient but it's worth !
Lower risk but surely profit, I also do this but it would be nice if you have for long term holding and also for short term for a quick profit which makes hit your goal to double your bitcoin with your own gains.

Cutting your gain when you have it is a good option and reinvest if you want. Just simple if you don't want in trading(which is very risky) just hold it and wait for your profit until there is.

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July 08, 2019, 03:06:51 PM
 #33

I would choose one of the 2 methods below to increase my holdings:

Method 1, trade alts for some BTC, wait a few years. Ignore the bumps and drops across weeks or months.
Method 2, simply offer to perform services in exchange for BTC. Offer Bitcoin as one, or as the only accepted form of payment.

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July 08, 2019, 04:01:35 PM
 #34

what you're referring to is daily trading (it's not easy, however, to make profits). in this specific case, the exchange fees reset your profits. to increase the BTC the idea is that:
buy when it is worth less, wait for it to increase in value, exit and come back later in the asset. but it is not easy to "guess" when to enter and exit the position.

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July 08, 2019, 04:08:56 PM
 #35

What you need to do is to multiply your bitcoins, is cool to see the invest in dollars going up, but the amount of bitcoin in that scenario is the same than the starting amount, and the right way to multiply your bitcoins is by investing in altcoins, if you spend all your btc in doge and doge goes up 20% then you can go back to bitcoin and have 20% more of btc. If at that time bitcoin price goes up too then is a double win for you. This method has some risk, coins go down to, but is about patience.

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bitcoin-shark
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July 08, 2019, 04:38:45 PM
 #36


you have to follow the market daily and get an idea of ​​the bitcoin trend, learn how to trade with the stop loss / leverage / limit tools or study scalping doing lots of quick operations for a minimum gain, or try to do arbitrage between various exchanges...
Johnzky
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July 08, 2019, 05:26:51 PM
 #37

I have a friend that has that kind of strategy, he's leaving the total capital in fiat and takes profit if he has. But I don't think that he has plans of rebuying.

Remember that little or big profit, it's still profit.
But what OPs thinking is much better than just holding single coin,.he might rebuy for some reason specially when Bitcoin go drop again and he’s 530$ may hit double by chance

Or OP can diversify for now while waiting for bitcoin price to drop down,considering some good alts now are slowly moving up as well s bitcoin
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July 08, 2019, 07:24:11 PM
 #38

There are plenty of earning as well as investment option available with your Bitcoins. If you are good at handling your money I am sure you will be able to handle it perfectly.

Kiran this forum some people make money in the signature campaign and holding it continuously until Bitcoin breaks the peak value. LOL I might be one of them...

 
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Upgate
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July 09, 2019, 07:49:37 AM
 #39

If am you, what I will do is to withdraw my profit ($30) and reinvest again ($500). Bitcoin is all about investing,gaining or loosing but as it stands now you have a upper hand of making profit. If you reinvest and see small profit, you withdraw your profit and reinvest again. Do it continually until you get your invested money ($500). You never can tell what will happen next
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July 09, 2019, 08:28:45 AM
 #40

Hi there!

I want sugestions about how mutiply the BTC with your own gains...

I invest $500,00 in BTC, in variation of BTC (%) I have now $530,00....

I want to know if it's worth to sell those small profits ($30*) to wait a down Bitcoin % to repurchase them again. Or is it very little profit and not worth reinvesting?

Help me understand this mathematics of reinvesting to multiply profits... I'm very confusing about it, and I want reinvest and multiply...

1st you have to know how to trade bitcoin.After you got proper training you will gain as much as you want.Follow these steps
1. know about bitcoin
2. Market behavior
3. Economic and fundamental analyze

If you know these thing well.You can trade and earn profits and more and more bitcoin

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