Do not ignore the small profits in Bitcoin investments.

[Kakmakr]

A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high.

Let's look at the recent price movement of Bitcoin and how this recipe would have put you one step closer to a safe investment in Bitcoin.

https://www.blockchain.com/charts/market-price?daysAverageString=7&timespan=180days  Let's take a quick example of what people could have done in the last 180 days, to secure a very good profit on their investment.

Let's say you had enough money to buy 1 whole Bitcoin when the price was at it's lowest in Mar '19 <$3000+> and sold in May '19 <$8600>, then you would have more than doubled your initial investment. <You could have doubled any investment amount, because the amount does not determine your profit, I just use 1 bitcoin as an example to make it easier to understand.>

The price volatility in Bitcoin in the short term makes provision for a lot of opportunities for people to make small profits, because it is frequently dropping and recovering and if you are just patient and if you time your buying and selling, you can quickly get a good return on your investment. <Buy the Dip>

Some of my friends bought during the Dip in Mar '19, but they are waiting for the BIG payday, so they are hoarding their coins and missing all the opportunities to get a small portion of their initial investment back in their pocket.

There is nothing wrong with long-term hoarding, but when the opportunity is there to take some small profit, then you should take it.   Do not re-invest your profit, because your first goal must be to get back your initial investment. Chip away that initial capital investment, by taking 5% here and 10% there, until you made back 100% of your initial investment.

Hoarding in the long-term might be convenient for some people, but the safe option is to take back small percentages in profits, until you get all your initial investment back. I use that profit to buy some goods and pay for some services in Bitcoin, so that I can show something for the risk that I took and for the effort that I put in to invest in Bitcoin.

This strategy helps to oil the Bitcoin merchants gears, by using Bitcoin as a currency and it also helps me to use Bitcoin as an investment tool.  

[hatshepsut93]

People have different mentalities when it comes to investment, some would just keep regretting that they have sold some coins at low price, even if it was only small amounts. I wouldn't call it exactly a mistake and being too greedy, a mistake would be not selling at all hoping for even higher price, and then seeing your investment turn red, and panic selling. Any selling with a profit is already a success, and what you have described is just one of the viable strategies.

[Onuohakk]

It all depends on the mindset you had when investing. There are some investors that are not ready to sell their bitcoin until there's a huge turn up in price, while some individuals sell immediately when there's a little profit. I deemed it right to always invest with your spare money, so as to withstand whatever that comes out.. The only way to make it through in bitcoin is to sell when you see a little profit and reinvest again

[jseverson]

...not using the proven recipe for success in Bitcoin by buying low and selling high.

To be fair, this is much easier said than done. I wouldn't even call it a recipe as much as a goal -- nearly everyone has their eyes on this, considering an opportunity can arise at any time, but the lows and highs are never easily identifiable in the moment. It's easy to say it's a quick way to profit in retrospect, but as they say, hindsight is 20/20. I'd say simply hodling long term is still a far better course of action for inexperienced traders (so most hodlers lol).

As for oiling merchants' gears, profit doesn't always have to be involved. You spend fiat regardless of whether you have extra, so Bitcoin shouldn't have to be different. To each his own, of course, but I've been seeing way too many people take up the approach of only ever spending their profit.

[HeRetiK]

One common reason for people ignoring the small profits seems to be them trying to go for maximum profits by attempting to call the bottom and / or top (ie. trying to time the market). If people were better at accepting the impossibility of this notion fewer people would fuck themselves over. Just ease your way in and out of the market. It may not be an optimal strategy but it's less risky and more importantly less likely to make you tilt and FOMO.

[NeuroticFish]

Do not re-invest your profit, because your first goal must be to get back your initial investment.

It always depends. This rule is best for people that invest money they don't really afford to lose. And I'm doing somewhat the same.
But the big rule use to be "don't invest money you don't afford to lose". And by that rule it's actually OK to wait for the jackpot.
Imho the "don't be greedy part" matches with another rule of investing: make a target and cash out when you've reached that target, no matter what the market does afterwards.

[Red-Apple]

A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high.

and that is for a good reason.
most people aren't traders and are not willing or capable of spending that much time analyzing the market and riding the waves to make some profit in day trading. not to mention the risks that this type of trading has which drives most people away.

on top of that we have the issue with exchanges, they aren't trustworthy!
when you want to make profit by "buying low selling high" you have to do it on exchanges, and all your hardwork of months could go up in smokes in a second as the exchange scams you or gets hacked. we have had hundreds of cases, dozens every year!

and like always bitcoin is a currency not an investment or a speculation tool

[oleg681010]

I must agree with you, but there are some things that prevent you from getting enough profit from trading bitcoin every day. The main problem is the exchanges and their high fees

[BitHodler]

and like always bitcoin is a currency not an investment or a speculation tool

Currencies are investment and speculative tools as well. If we look at the forex markets and their volumes, then it's safe to say that currencies such as the US dollar and the Euro are generating more speculative volume than volume by usage as money.

If currencies weren't used for speculative purposes the demand for them would decrease, and so would our purchasing power. Speculation brings liquidity to the table. Where would Bitcoin be without that liquidity?

The price of Bitcoin has grown tremendously because people are speculating that the price will keep booming. If we were to solely rely on the currency aspect of it, we could just as easily hover below the $1k mark without problems.

[gantez]

I understand the small profit you are talking about with the scenario of bitcoin in March and bull from May. Yes, dropping off for some profit is cool deal but people get scare of that with the feeling that price will always keep rising without a break. Also, when to buy again is hard to determine, you can buy and it keep diving down more  

[Coyster]

The strategy of buying low and selling high can only work when actually the price increased within that space of time, if it doesn't, then one would be forced to hodl and it could then be deemed long term trading. So I think what could determine how long one holds a coin could be the price movements of the coin during a particular period of time.

[Jating]

That is still a + so it's a good practice not to ignore those small profits. You may even just hold on it for a long time and hope that it will give you some good profits in the future. As others are saying in crypto world, you really need to have a lot of patience here, so can't just go uber rich overnight.

And I'm sure that even those who became millionaires here started very small profits in the beginning, but they didn't bother and just to continue to grind every day until they accumulated so much by buying in the dip and plain HODLING.

[boyptc]

Been doing that strategy.

Taking small profits to spend on the things that I use and utilities that I'm responsible with. Just be responsible to keep something for you and keep your bitcoin investment too.

[FlightyPouch]

I must agree with you, but there are some things that prevent you from getting enough profit from trading bitcoin every day. The main problem is the exchanges and their high fees

I don't think that is a problem since you will not be cashing out your balance that easily right? Let's say that you trade another crypto currency, day passed and you earned $10, will you quickly trade and cash out? That easily? No, obviously that balance will stay at that site and you will continue to trade, continue to buy and sell on that site.

[Herry Toms]

Everyone has his own perspective, some people decide to take profits in a short time frame some prefer to take in the long-term. No matter where you take your profits but keep in mind the longer your profits grow the better your returns are. This way you can create consistency in your trading.

[davis196]

Thank god there are still enough greedy people who prefer to HODL their bitcoins instead of selling them and leaving the crypto world.Without them the bitcoin price probably would have been somewhere around 1000 USD.I acquired about 0.28 BTC last year at 4-5K USD and I sold around 0.2 BTC this summer for prices that are between 8.5K and 10.5K USD and I'm still kinda disappointed of the fact that I made almost 100% ROI.This is weird.

[antisocial77]

Thats what im trying to tell everybody. First goal should be not lose money then its up to market psychology, if its like now (fight against beat and bulls) accept little profits, if its bullish, guarantee your profit then update your stoploss in every up move and check the first strong resistance.

[Lucius]

A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high. 

For someone to profit from trading with cryptocurrency, it is crucial to understand what this is really about. We often see people coming from different trading markets thinking that trading with crypto is same as trading with stocks or gold. In my personal opinion, trading with cryptocurrency is much more complex then trading with gold, especially for the sake of security itself.

I agree that in some cases is better to take small profits when the opportunity arises, then to just hold for long-term. But we can do both, just by divide some funds for trading, and rest of coins can be stored as long-term investment.

I would say that this year is very good for trading since price was close to $3000 at the bottom, and almost $14 000 at its peak. It is about $11k profit if you buy low and sell high per 1 BTC. And we can see that only in last 3 months price is drop sharp at least 3 times close to $9000, and bounce back above $10k very fast, so whoever tracks the price movement in recent months has a chance for a really nice profit.

[nankers]

A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high.

simple strategy but very efficient 

There is nothing wrong with long-term hoarding, but when the opportunity is there to take some small profit, then you should take it.   Do not re-invest your profit, because your first goal must be to get back your initial investment. Chip away that initial capital investment, by taking 5% here and 10% there, until you made back 100% of your initial investment.

Hoarding in the long-term might be convenient for some people, but the safe option is to take back small percentages in profits, until you get all your initial investment back. I use that profit to buy some goods and pay for some services in Bitcoin, so that I can show something for the risk that I took and for the effort that I put in to invest in Bitcoin.

This strategy helps to oil the Bitcoin merchants gears, by using Bitcoin as a currency and it also helps me to use Bitcoin as an investment tool.  

Personally im 100% agree and honestly I prefer to get a small profit every day than I have to wait for a long time just to get a big profit. because I think if we calculate the total profit we get, maybe the daily profit with a small amount will be greater than the big profit over a long period of time

[romero121]

Thats what im trying to tell everybody. First goal should be not lose money then its up to market psychology, if its like now (fight against beat and bulls) accept little profits, if its bullish, guarantee your profit then update your stoploss in every up move and check the first strong resistance.

Yes, when we loss truly the mind won't think of anything. It just wants to get back the loss. This most of the time triggers to take wrong decisions which once again causes loss. As stated it is always good to go with profit, even if it is very small that what we've targeted. The market is volatile, and there is no need to panic, we get more and more chances to make the buying and selling. Very important thing I prefer is to take decisions depending on the market situation. When it is bullish if someone is selling it is a wrong decision. Likewise certain do's and don't need to be followed.

[Kakmakr]

A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high. 

For someone to profit from trading with cryptocurrency, it is crucial to understand what this is really about. We often see people coming from different trading markets thinking that trading with crypto is same as trading with stocks or gold. In my personal opinion, trading with cryptocurrency is much more complex then trading with gold, especially for the sake of security itself.

I agree that in some cases is better to take small profits when the opportunity arises, then to just hold for long-term. But we can do both, just by divide some funds for trading, and rest of coins can be stored as long-term investment.

I would say that this year is very good for trading since price was close to $3000 at the bottom, and almost $14 000 at its peak. It is about $11k profit if you buy low and sell high per 1 BTC. And we can see that only in last 3 months price is drop sharp at least 3 times close to $9000, and bounce back above $10k very fast, so whoever tracks the price movement in recent months has a chance for a really nice profit.

That's just the thing I am trying to say. It is better to capitalize on the bear market and to reduce your expose of your own investment capital to risk, by taking profits regularly.. than hoping for the best and hoarding long-term.

By doing this, you would at least have taken something for your effort, in the event that something bad happens and if this thing goes to zero. 

Do not do this too regularly, because the trading fees would eat too much of your profits. Mine is about 1% of the total amount traded and if I withdraw, then withdrawal fees are added to that. 

Goal : Reduce the risk 

[Strongkored]

Everyone has different perspectives on profits and they have a reason why they still choose to place BTC as a long-term investment that only sells at the price they have targeted.

I am sure there are also those who choose not to sell it even though it is profitable (small profit) because they are afraid of losing the moment when BTC will return to ATH.

It could also be because they still have money that they can use for everything they need or even they specifically buy BTC just to buy something with BTC without using the BTC they have set as a long-term investment.

[vintages]

You have to understand that most people knew about Bitcoin when the high price pump in 2017, which crossed the price of 20k.
So, most people who start investing in Bitcoin have that intention of making close to that amount or even more than that. They ignore the little gains without understanding that before the big wins comes the small wins which create impacts too.

[peter0425]

I must agree with you, but there are some things that prevent you from getting enough profit from trading bitcoin every day. The main problem is the exchanges and their high fees

I tend to disagree mate because you can choose in which exchange to get in so why choose the higher fee?and besides the transactions now are losing value so I guess that’s not the problem  here

True the small profit are really useful when responsibilities call. It is a source of solving certain financial problems, I do take my profit to solve certain issues then wait to buy later. Sometimes, you can't help it.

That’s the problem if we don’t invest by our spare money because for sure anytime we need some we have no choice but to sell our coins and the essence of Holding is gone

[Upgrade00]

There is nothing wrong with long-term hoarding, but when the opportunity is there to take some small profit, then you should take it.  

The long-term approach is one of the best trading strategies for me. Taking varying amounts of profits overtime and accumulating to a much higher goal. It gives a trader something to fall back on, should the market turn sour unexpectedly.

That's why I always suggest timing rather than patience, the market changes unexpectedly and there are opportunities to profit littered about, and not just the promise of a grand finish.

[Rubick99]

Totally agree with you. Personally, I'm a scalp trader who just take small profit and i can re-open position in the market many times. Actually, in small time frame, there are lot of opportunities for us to make profit, time frame m15 until H1 that possible to start open and close transaction.
But, its depending on every trader trading style, if they can hold profit until hit the target point its great. And if won't miss in every single opportunity, being scalper is good choice. Whatever which one you will choose, but don't regret any decision that you made.

[mersal]

Most common mindset of crypto investor is making huge profits that is the reason they didn't care about the small profits,if they collected all the small profits then they already might turn into ocean of profits.Most traders try to cash out in small time frames which leads to weakening their crypto holdings.

[Keeminakar]

This is a really cool strategy for earnings. But you need to be able to engage in trading. For me personally it's too complicated. I do not know how to catch such fluctuations in prices and understand that this is a good time to sell. Therefore, this method is suitable only for crypto professionals.

[Dondisimo]

I think such trading is suitable either for people who are well versed in cryptocurrency, or for people with good intuition. It is not so easy to choose the right moment for buying or selling. Although, that's the beauty of this strategy. It is difficult, but brings a very good and fairly stable income.

[milewilda]

People have different mentalities when it comes to investment, some would just keep regretting that they have sold some coins at low price, even if it was only small amounts. I wouldn't call it exactly a mistake and being too greedy, a mistake would be not selling at all hoping for even higher price, and then seeing your investment turn red, and panic selling. Any selling with a profit is already a success, and what you have described is just one of the viable strategies.

You are actually right! People do have different mindsets when it comes to investment handling and also different on what would be their goal look like.
Some targeting out for long term aspects and some are going for shorter but on gradual basis.It just depend also with your capability too because not all people are good on getting small profits on short time frames thats why majority will go after on holding on a specific amount of time.
As long we didnt sell on loss then we are still on the good path no matter how small the profit we do able to make.

[adzino]

A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high.

Let's look at the recent price movement of Bitcoin and how this recipe would have put you one step closer to a safe investment in Bitcoin.

https://www.blockchain.com/charts/market-price?daysAverageString=7&timespan=180days  Let's take a quick example of what people could have done in the last 180 days, to secure a very good profit on their investment.

Let's say you had enough money to buy 1 whole Bitcoin when the price was at it's lowest in Mar '19 <$3000+> and sold in May '19 <$8600>, then you would have more than doubled your initial investment. <You could have doubled any investment amount, because the amount does not determine your profit, I just use 1 bitcoin as an example to make it easier to understand.>

The price volatility in Bitcoin in the short term makes provision for a lot of opportunities for people to make small profits, because it is frequently dropping and recovering and if you are just patient and if you time your buying and selling, you can quickly get a good return on your investment. <Buy the Dip>

Some of my friends bought during the Dip in Mar '19, but they are waiting for the BIG payday, so they are hoarding their coins and missing all the opportunities to get a small portion of their initial investment back in their pocket.

There is nothing wrong with long-term hoarding, but when the opportunity is there to take some small profit, then you should take it.   Do not re-invest your profit, because your first goal must be to get back your initial investment. Chip away that initial capital investment, by taking 5% here and 10% there, until you made back 100% of your initial investment.

Hoarding in the long-term might be convenient for some people, but the safe option is to take back small percentages in profits, until you get all your initial investment back. I use that profit to buy some goods and pay for some services in Bitcoin, so that I can show something for the risk that I took and for the effort that I put in to invest in Bitcoin.

This strategy helps to oil the Bitcoin merchants gears, by using Bitcoin as a currency and it also helps me to use Bitcoin as an investment tool.  

Yeah, people should keep this in mind while investing on crypto currencies. These small profits are the main profits which will eventually pile up into one decent good looking profit amount. The opposite is true too. The users should never ignore small losses. These small losses are ignored by many people thinking they can easily cover up those loss. But trust me, its those small losses which are the worst and causes a huge hit in the long run.

[pixie85]

Trading is for some but others will never do it. If I had 100 bitcoins lying around safe in cold storage I'd be scared to move them and risk losing some or compromising my identity in an exchange data leak. This would limit my trading options but who cares I'd still be rich.

Your advice is good but it's not for all of us. You can't make a trader into hodler or a hodler into trader. It's a state of mind.

[freedomgo]

You have to understand that most people knew about Bitcoin when the high price pump in 2017, which crossed the price of 20k.
So, most people who start investing in Bitcoin have that intention of making close to that amount or even more than that. They ignore the little gains without understanding that before the big wins comes the small wins which create impacts too.

Don't just neglect those opportunities which could provide you sustainable profit, even if it's not that big as expected. Small gains will help us survive while market still not able to establish a bigger profit. Patience is our key in order to make it in the end.

We better be appreciative of small gains although we all like big gains.
When I enter into crypto investing, I always think of big profits but it never came into my mind that I will be able to earn it in a short term period, earning it in a short term is just a bonus but like I said, it's better to conditioned our mind that it's more probable in the long run.

Bitcoin with small gains as long as its steady is good, people are greedy, we can't change that reality, but if we will remain realistic, we can always make a good decision and be able to sell at the right timing.

[Kasabus]

Aiming big is also a big challenge and seeing others did it, it helps us to encourage ourself and be like them in the future.
A lot of people being in here just because of the positive results and even millionaire came in to take this opportunity.

Small turns into big and it become bigger when we tried ourself to improve our strategies and as well as our capital. We should never think for an instant ROI instead, we have to patiently wait for it.

[Kakmakr]

I just want to add something important :

Do not sell all your coins when you take small profits. You might just sell all your coins at a high price, hoping that it goes down for you to buy again and then the 2017 type Bull market repeats it self and you will have no coins in the game to be able to capitalize on the new all time high.

I have a few coins that I take small profits on and then I have my main hoard in cold storage that are just waiting for the Moon.  Moving all your coins around in exchanges, can be a huge risk, because the exchanges might get hacked and then you lose your whole investment. 

[Coyster]

Moving all your coins around in exchanges, can be a huge risk, because the exchanges might get hacked and then you lose your whole investment.  

Not just moving it around, but storing it on an exchange most especially for the reason of day trading, with an excuse that it's difficult moving your coins from wallet to exchange all the time.

I think everyone should learn from the hacks that exchange have suffered in the hands of scammers and desist from leaving their coins in an exchange, rather in a safe wallet, that's the only way the coin can be called theirs.

[SquallLeonhart]

Buying dip also requires carefully studying that the dip you are buying is the dip, buying dip is not also easy, let me give you an example of what you are advising people to do did to me, when bitcoin crossed to $13800, I took my little profit because I knew that there was going to be a dip, and then I waited for the dip to drop to $13000 which I bought hoping that it would increase a little bit again for me to take my profit.

From the point that I bought at that $13000, till now, I have not been able to pull out the fund again because I never knew the dip was going to be dipper, so I had to leave the fund which has automatically turned me to a long term holder eventually because I can't pull the fund out till the price goes back to the $13800. I understand you but the choice is left to everyone to decide which would be better for them.

[freedomgo]

Aiming big is also a big challenge and seeing others did it, it helps us to encourage ourself and be like them in the future.
A lot of people being in here just because of the positive results and even millionaire came in to take this opportunity.

Small turns into big and it become bigger when we tried ourself to improve our strategies and as well as our capital. We should never think for an instant ROI instead, we have to patiently wait for it.

This is real to think positive about crypto and to have faith on your earning you I’ll gain big id you will plan well just be ready and focus on your goal. Bitcoin is the best coin to use for trading it gives profit so keep trading with bitcoin it has good future and high profit. Small earning turn into high profits but it takes time.

Patience is vital in trading, you need to have both the character and the skills in order to be successful in the long run.
Having patience, will make you mature and understands how things needs to work, and you will have satisfaction even with a small profit, because your mentality is always positive, and you will think that a profit is a profit.

The reason why lot of traders fail in their journey is because they want to have an instant success but that's not how this market works.
Smart people here always understands the different market scenario and that is why they need to come up with different strategy in different situation.

[LogitechMouse]

It will depend on their strategies with regards to this. If they target is to get 50% profit then they will do it. Now if they choose 5-10% then better as long as you know when to go in again and buy. Small profits in Bitcoin is good if you know when to go in and out but if don't know then its better if you hold it until you reach your target selling price.

[Mpamaegbu]

A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high...

Let's say you had enough money to buy 1 whole Bitcoin when the price was at it's lowest in Mar '19 <$3000+> and sold in May '19 <$8600>, then you would have more than doubled your initial investment. <You could have doubled any investment amount, because the amount does not determine your profit, I just use 1 bitcoin as an example to make it easier to understand.>

Except on hindsight, there's no way anyone would accurately predict where price will go to in this industry. Even OP doesn't know this, otherwise they would be making a great fortune from that opportunity. It's the fear of the unknown that makes anyone hodl or hoard when they should be selling off to buy later at a cheaper rate and to make more profit. So, I don't think it's greed per se.

[maydna]

Big or small profit is still consider a profit. Before I experience really a no progress in trading even in holding, those times that the market down and I almost give up, but I realize that it's much better to continue trading and having BTC since the potential is always there. It's still have chance to gain in the future.

But some people will wait for more just because they want to get a bigger profit. But in the end, they always late to sell at the highest price. If I were those people, I would love to take any profit I see in the market because, after that, the price will be down for a while before it could increase higher again. I don't want to lose any profit, and I only think about how I can make a profit from trading. That is happening in the bitcoin market, and so far, actually, we are making a lot of money from bitcoin itself, but that will only if you can find a good time to buy and sell bitcoin.

[imstillthebest]

some people will wait for more just because they want to get a bigger profit. But in the end, they always late to sell at the highest price.

if you are serious about earning you will do anything no matter how hard it was .  you can wait longer and you can check the price more oftenly   . small continous profits arent also bad but they are actually better than long unstable profits  . 

we can get still get those small profit while still hodling at the same time  . we can do it if we will only withdrew the amount that we earn and leave our starting balance on our btc wallet .

[Blue_oxen]

A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high...

Let's say you had enough money to buy 1 whole Bitcoin when the price was at it's lowest in Mar '19 <$3000+> and sold in May '19 <$8600>, then you would have more than doubled your initial investment. <You could have doubled any investment amount, because the amount does not determine your profit, I just use 1 bitcoin as an example to make it easier to understand.>

Except on hindsight, there's no way anyone would accurately predict where price will go to in this industry. Even OP doesn't know this, otherwise they would be making a great fortune from that opportunity. It's the fear of the unknown that makes anyone hodl or hoard when they should be selling off to buy later at a cheaper rate and to make more profit. So, I don't think it's greed per se.

The value of all coins is highly volatile and we cannot know for sure which price is the highest in this market. I have analyzed this market 10 times and only exactly 3 times because the current market is really difficult to predict this year. If you have decided to invest, you should plan to set a target to sell before it is too late because the profit is only achieved when you sell coin.

[Janation]

Big or small profit is still consider a profit. Before I experience really a no progress in trading even in holding, those times that the market down and I almost give up, but I realize that it's much better to continue trading and having BTC since the potential is always there. It's still have chance to gain in the future.

If you give up, that is the time that you lose, that is what my teacher usually said to me.

I do have some small progress in the past when I just started investing and just waiting for a time to sell it and then go back when it falls down, but I grew bored so I started to invest in small cryptocurrencies but I failed. I did not give up, just like you I continue and I am still not a millionaire but I do appreciate those small profits that I am getting since that is an indicator that I learned something from the mistakes of the past that I made. That just fuels me more to do this, you should all appreciate the small things that happen to you.

[Kakmakr]

A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high...

Let's say you had enough money to buy 1 whole Bitcoin when the price was at it's lowest in Mar '19 <$3000+> and sold in May '19 <$8600>, then you would have more than doubled your initial investment. <You could have doubled any investment amount, because the amount does not determine your profit, I just use 1 bitcoin as an example to make it easier to understand.>

Except on hindsight, there's no way anyone would accurately predict where price will go to in this industry. Even OP doesn't know this, otherwise they would be making a great fortune from that opportunity. It's the fear of the unknown that makes anyone hodl or hoard when they should be selling off to buy later at a cheaper rate and to make more profit. So, I don't think it's greed per se.

The fact that you do not know what will happen in the future, is the exact reason why you should take small profits when the opportunity allows for it. The long-term hoarder is taking a gamble that it might reach the Moon in the future, but it might just go in the opposite direction and just collapse for some reason. 

If you take these small profits and you put it aside, you reduce the risk of losing your whole investment. I would much rather do this, than stepping away from a total loss.. if something goes wrong. 

[BitHodler]

Moving all your coins around in exchanges, can be a huge risk, because the exchanges might get hacked and then you lose your whole investment. 

People have been warned so many times about the risks of using an exchange as their wallet that it's almost as if you're talking to a wall. Most people just don't get it and will keep burning themselves because of their ignorance.

We also have a group of people who think that after an exchange hack the security is upgraded to such a high degree, that they assume that it has become a fort knox and for that reason won't be hacked again.

Another fairly common stupid "security measure" is that people don't use just one single exchange as wallet, but like three or four. The logic is that if one exchange gets hacked, then the coins stored on other exchanges are still safe.

[buwaytress]

Which really is why I tell people who do trade that they should stick with what works and not go chasing waterfalls.

You see some solid charters or sentiment scalpers making good fractions of percentage profit... Or keeping losses tight via pessimistic stop losses and that's fine.

Even without leverage, 0.1 percent is $10 at current prices and booking that daily in compound mode is seriously good money.

Only danger for me and why I myself avoid trading is when the parabolic runs happen, or the slide of correction kicks in, you can easily wipe out several months of steady profits with a string of unexpected losses.

Tough to play if you don't have the focus to remain on the ball for months!

[Dank14]

I totally agree with OP's way of thinking. BTC is just too unpredictable.

Leveraging has taught me a bitter lesson. I'll never leverage crypto again.

[BayAngelo]

i was always been buying in the bull market until i lost my entire cash. i recieved sense immediately. i have decided no matter how the bull runs in the market, i take my profit and wait for another round to buy the deep. i have to control my emotions these days

[rodel caling]

I agree on that idea because small amount begin to become bigger, gathering heap small amount is best way to earn huge profits.

i was always been buying in the bull market until i lost my entire cash. i recieved sense immediately. i have decided no matter how the bull runs in the market, i take my profit and wait for another round to buy the deep. i have to control my emotions these days

Yeah that's right control emotion is one of the key to get success in trading and do not be greedy just contented in small profits than to get with nothing.

[rose9696]

Greed often happens to newbies. They often say 5% or 10% is too little compared to what they deserve, they are expected too much about the coin and unrealistic.
That's why so many amateur traders now have their accounts burnt out, they work in an undisciplined way. Hope this article can help new people.

[Oceat]

Greed often happens to newbies. They often say 5% or 10% is too little compared to what they deserve, they are expected too much about the coin and unrealistic.
That's why so many amateur traders now have their accounts burnt out, they work in an undisciplined way. Hope this article can help new people.

Well, it is inevitable since this is their first time to enter the market and doesn't have a clue yet on how the market really works. But once you've encountered trading for week or months you will finally gonna realize what is lacking in your strategy. Trading is not that easy as others think, they need to invest a lot of time studying and money in order to fully understand it. Some may spend years to be able to make their own strategy and analysis without looking at the chart.

[eaLiTy]

Let's say you had enough money to buy 1 whole Bitcoin when the price was at it's lowest in Mar '19 <$3000+> and sold in May '19 <$8600>, then you would have more than doubled your initial investment.

I would rather hold for a longer period of time rather than selling out during those spikes as i am in this market for a long time to understand the market sentiments and i am not putting my credit cards amount in bitcoin to sell off fast, you need to have patience when it comes to any form of investment and the strategy you are telling will work but if the market rises after you sell off then there is no way to enter the market yet again. I do ignore small profits and i am here for the long term and hence it works all the time.

[maydna]

some people will wait for more just because they want to get a bigger profit. But in the end, they always late to sell at the highest price.

if you are serious about earning you will do anything no matter how hard it was .  you can wait longer and you can check the price more oftenly   . small continous profits arent also bad but they are actually better than long unstable profits  . 

we can get still get those small profit while still hodling at the same time  . we can do it if we will only withdrew the amount that we earn and leave our starting balance on our btc wallet .

I prefer to take any profit while I can get because I don't know when I can retake those profit in the future. If I can get the profit, I am sure I can make another profit from another investment. It is better to get the profit in a short time than to wait for a long time because we want to make our balance bigger than before.

But we could also have one wallet to be a cold wallet so we can save it for a long time. We can prepare for the next increasing of the price so we can make a lot of money from the investment.

With the small profit that we can take in many times and with the investment in a long time, I am sure that it will give us a big profit at the right time.

[Herbert2020]

Let's say you had enough money to buy 1 whole Bitcoin when the price was at it's lowest in Mar '19 <$3000+> and sold in May '19 <$8600>, then you would have more than doubled your initial investment.

I would rather hold for a longer period of time rather than selling out during those spikes as i am in this market for a long time to understand the market sentiments and i am not putting my credit cards amount in bitcoin to sell off fast, you need to have patience when it comes to any form of investment and the strategy you are telling will work but if the market rises after you sell off then there is no way to enter the market yet again. I do ignore small profits and i am here for the long term and hence it works all the time.

that is a much better approach with investments that have a good long term potential like bitcoin. and i believe that most people who are in bitcoin are adopting this strategy specially since day trading is too much of a hassle for them. the indication of it is also visible on exchanges as they don't grow that much even if the bitcoin adoption grows (lack of day traders but lots of investors).

the strategy that OP suggests is best suitable for altcoin trading in my experience. since altcoins don't have a long term outlook they are best suited for short term trading for you to get in, get the profit and get the hell out. add to that the fact that altcoins only get pumped and dumped and you'll see no other strategy suitable for them.

[Kakmakr]

Let's say you had enough money to buy 1 whole Bitcoin when the price was at it's lowest in Mar '19 <$3000+> and sold in May '19 <$8600>, then you would have more than doubled your initial investment.

I would rather hold for a longer period of time rather than selling out during those spikes as i am in this market for a long time to understand the market sentiments and i am not putting my credit cards amount in bitcoin to sell off fast, you need to have patience when it comes to any form of investment and the strategy you are telling will work but if the market rises after you sell off then there is no way to enter the market yet again. I do ignore small profits and i am here for the long term and hence it works all the time.

that is a much better approach with investments that have a good long term potential like bitcoin. and i believe that most people who are in bitcoin are adopting this strategy specially since day trading is too much of a hassle for them. the indication of it is also visible on exchanges as they don't grow that much even if the bitcoin adoption grows (lack of day traders but lots of investors).

the strategy that OP suggests is best suitable for altcoin trading in my experience. since altcoins don't have a long term outlook they are best suited for short term trading for you to get in, get the profit and get the hell out. add to that the fact that altcoins only get pumped and dumped and you'll see no other strategy suitable for them.

No, you are missing my point. I am not saying you have to day trade with Bitcoin to take these small profits. There are normally a week or two between the dip and the recovery, so you just need to buy on the dip and then wait a week or two for the price to recover and then you take a little bit of profit. <I would warn against day trading Bitcoin, because it eats into your profit, because you pay 1% and more on trading fees.>

Also, when you day trade, you cannot take profits every hour or day. Some days the price will just constantly go down and you will not make any profits. 

[binhvo1505]

Yes, this article is stabbing into my heart now.
My most recent failure was greed. I bought LTC at $ 106 and in 2 days it increased to $ 124 when the halving was coming. and because I invested small, I only got a profit of 0.6 LTC and I didn't sell. I am greedy and think it will keep increasing. when I hold till now, its value is 68 $ and i have lost !!!
This is a lesson learned for new traders and learn from my mistakes.

[sana54210]

Big or small profit is still consider a profit. Before I experience really a no progress in trading even in holding, those times that the market down and I almost give up, but I realize that it's much better to continue trading and having BTC since the potential is always there. It's still have chance to gain in the future.

In business world, we will find out that those that sells with small profit makes more money than those that sells with bigger profit if they are all on the same marketing level, because the number of people that will patronize the one with small profit will be more than the one with bigger profit, and by the time the one with smaller profits compounds his own, what he makes within a month would be more than what the one with bigger profit will make within 4 months, which is why a good business person believes more In turn over.

This is the same thing that applies o here, if a trader that takes small profits every time it sees it is with a trader that prefer bigger profit when they trade at the same level, you will find out that the one with smaller profit will surely make more money because he would have done turn over several times.

[Bunsomjelican]

I agree on that idea because small amount begin to become bigger, gathering heap small amount is best way to earn huge profits.

i was always been buying in the bull market until i lost my entire cash. i recieved sense immediately. i have decided no matter how the bull runs in the market, i take my profit and wait for another round to buy the deep. i have to control my emotions these days

Yeah that's right control emotion is one of the key to get success in trading and do not be greedy just contented in small profits than to get with nothing.

This is truly happen, and it happened to me many times, not because I'm boasting but this is realistic as long as you know what you are doing in the actual platform of trading. Just always remember, begin with basic things you don't need to be experts for you to gain big, no its not like that. Just don't allow greediness to controls you okay.

[nydiacaskey01]

Just take a look at this 3 dates from July, August and September.

July 24 $9,709
July 25 $10,017
3% profits

July 28 $9,438
Aug 12 $11,391
20% profits

Aug 29 $9,512
Sep 6 $10,622
11% profits

You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.

[Free1bitco.in]

Just take a look at this 3 dates from July, August and September.

July 24 $9,709
July 25 $10,017
3% profits

July 28 $9,438
Aug 12 $11,391
20% profits

Aug 29 $9,512
Sep 6 $10,622
11% profits

You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.

every month always produces a similar pattern. it's the same as I thought. when the price of bitcoin is in the range of $ 9,000, it will be a good opportunity for investors. when the price of bitcoin rises to $ 10500, it will certainly provide a small profit, but that can be taken quickly.

some information that I read today says that some investors are starting to hold their bitcoins at $ 1,300. they did so because they believed that the price of bitcoin could reach a higher price for the remainder of 2019.

[ethereumhunter]

Just take a look at this 3 dates from July, August and September.

July 24 $9,709
July 25 $10,017
3% profits

July 28 $9,438
Aug 12 $11,391
20% profits

Aug 29 $9,512
Sep 6 $10,622
11% profits

You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.

If we can take the chance for that percentage, I think we can make a nice profit every month. We will have more bitcoin in our wallet. Yes, that will be nice if we can always buy low and sell high in the market, especially if we can monitor and use an alarm, so we don't miss the chance. I am sure that if the situations continue like this, we can be able to make more profit in every month.

[nydiacaskey01]

Just take a look at this 3 dates from July, August and September.

July 24 $9,709
July 25 $10,017
3% profits

July 28 $9,438
Aug 12 $11,391
20% profits

Aug 29 $9,512
Sep 6 $10,622
11% profits

You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.

If we can take the chance for that percentage, I think we can make a nice profit every month. We will have more bitcoin in our wallet. Yes, that will be nice if we can always buy low and sell high in the market, especially if we can monitor and use an alarm, so we don't miss the chance. I am sure that if the situations continue like this, we can be able to make more profit in every month.

This is where "Do not ignore the small profits in Bitcoin" comes in. Look at the example #1

July 24 $9,709
July 25 $10,017
3% profits

You Buy at $9,709 and Sold at $10,017 next day. Maybe if I have a greedy mind, I would hold on to it a little longer thinking that I can get more profits but, if you look at the price history of Bitcoin, if you hold on to it, you need to wait till Aug 1 to reach $10,000 level again as after July 25 price of Bitcoin dropped again to $9,700. Take that 3% profit and get more again after a few days. 3% profit every other day is better than nothing.

[Google+]

many people are trying to find a lot of profits from investing in bitcoin, usually it is moved from the desire for very high profits, they should if you want to get a lot of profit then you have to implement long-term investment by storing bitcoin and placing a sell order at a high price.

[BabyBoss]

A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high.

Let's look at the recent price movement of Bitcoin and how this recipe would have put you one step closer to a safe investment in Bitcoin.

https://www.blockchain.com/charts/market-price?daysAverageString=7&timespan=180days  Let's take a quick example of what people could have done in the last 180 days, to secure a very good profit on their investment.

Let's say you had enough money to buy 1 whole Bitcoin when the price was at it's lowest in Mar '19 <$3000+> and sold in May '19 <$8600>, then you would have more than doubled your initial investment. <You could have doubled any investment amount, because the amount does not determine your profit, I just use 1 bitcoin as an example to make it easier to understand.>

The price volatility in Bitcoin in the short term makes provision for a lot of opportunities for people to make small profits, because it is frequently dropping and recovering and if you are just patient and if you time your buying and selling, you can quickly get a good return on your investment. <Buy the Dip>

Some of my friends bought during the Dip in Mar '19, but they are waiting for the BIG payday, so they are hoarding their coins and missing all the opportunities to get a small portion of their initial investment back in their pocket.

There is nothing wrong with long-term hoarding, but when the opportunity is there to take some small profit, then you should take it.   Do not re-invest your profit, because your first goal must be to get back your initial investment. Chip away that initial capital investment, by taking 5% here and 10% there, until you made back 100% of your initial investment.

Hoarding in the long-term might be convenient for some people, but the safe option is to take back small percentages in profits, until you get all your initial investment back. I use that profit to buy some goods and pay for some services in Bitcoin, so that I can show something for the risk that I took and for the effort that I put in to invest in Bitcoin.

This strategy helps to oil the Bitcoin merchants gears, by using Bitcoin as a currency and it also helps me to use Bitcoin as an investment tool.  

Yes do not ignore the small profits of bitcoin because that may be the beginning to success. Because every bitcoiners will prosper in the future.And all successful rich people starts at small capitals.

[cheezcarls]

A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high.

Let's look at the recent price movement of Bitcoin and how this recipe would have put you one step closer to a safe investment in Bitcoin.

https://www.blockchain.com/charts/market-price?daysAverageString=7&timespan=180days  Let's take a quick example of what people could have done in the last 180 days, to secure a very good profit on their investment.

Let's say you had enough money to buy 1 whole Bitcoin when the price was at it's lowest in Mar '19 <$3000+> and sold in May '19 <$8600>, then you would have more than doubled your initial investment. <You could have doubled any investment amount, because the amount does not determine your profit, I just use 1 bitcoin as an example to make it easier to understand.>

The price volatility in Bitcoin in the short term makes provision for a lot of opportunities for people to make small profits, because it is frequently dropping and recovering and if you are just patient and if you time your buying and selling, you can quickly get a good return on your investment. <Buy the Dip>

Some of my friends bought during the Dip in Mar '19, but they are waiting for the BIG payday, so they are hoarding their coins and missing all the opportunities to get a small portion of their initial investment back in their pocket.

There is nothing wrong with long-term hoarding, but when the opportunity is there to take some small profit, then you should take it.   Do not re-invest your profit, because your first goal must be to get back your initial investment. Chip away that initial capital investment, by taking 5% here and 10% there, until you made back 100% of your initial investment.

Hoarding in the long-term might be convenient for some people, but the safe option is to take back small percentages in profits, until you get all your initial investment back. I use that profit to buy some goods and pay for some services in Bitcoin, so that I can show something for the risk that I took and for the effort that I put in to invest in Bitcoin.

This strategy helps to oil the Bitcoin merchants gears, by using Bitcoin as a currency and it also helps me to use Bitcoin as an investment tool.  

I absolutely agree with your point. I highly appreciate even if my profits are small in Bitcoin trading. No matter if it’s small or big, it’s still profit and we have to appreciate that. The technique is simple.

Buy the dip. I honestly think that we may not see it below $9.5k again base on my own analysis as the price is hovering around $10k to 10.6k, now around $10.2k. If I’m going to see that price again just in case, I would really take that advantage and wait for profits even if it’s small or big. Profit is profit.

[izanagi narukami]

IMO most people are afraid to loss and want to profit at same time so they often cutloss when they have small profit.
It's good for short term achivement.

But for me, crypto especially bitcoin is long term investment so I want to achieve not only small but also big profit !

[1Referee]

Just take a look at this 3 dates from July, August and September.

July 24 $9,709
July 25 $10,017
3% profits

July 28 $9,438
Aug 12 $11,391
20% profits

Aug 29 $9,512
Sep 6 $10,622
11% profits

You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.

It's something you won't be able to always exploit. Currently there is still enough buy support around that level, but the next time it might catch you by surprise and dump further. We're not that far away from seeing that happen as there is nothing bullish about retesting the same support levels over and over again.

The market tends to rekt people when they get too comfortable with repetitive bounces, which we have seen happen last year too. I made quite decent profits multiple times buying around $6000 and selling 5-10% higher, which made me so comfortable that I had to be punished for underestimating this market. I'm glad that I woke up from it, and I hope that you will too.

[janggernaut]

Just take a look at this 3 dates from July, August and September.

July 24 $9,709
July 25 $10,017
3% profits

July 28 $9,438
Aug 12 $11,391
20% profits

Aug 29 $9,512
Sep 6 $10,622
11% profits

You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.

You can't really say like that. It looks indeed very profitable but who knows when bitcoin was at their low price and then later it increased? Don't forget people are always greedy, when they seeing bitcoin price increasing, they will hold a little longer to hope bitcoin price goes higher. I believe there were only few people who willing to take small profit back then. You can even bought bitcoin at July 24th at $9,709, hold it until July 28th at $9,438, got panic and then sell your bitcoin because you are afraid it will keep lower. Or bought bitcoin on Aug 12th at $11,391 you still on loss atm.

[Mahanton]

Just take a look at this 3 dates from July, August and September.

July 24 $9,709
July 25 $10,017
3% profits

July 28 $9,438
Aug 12 $11,391
20% profits

Aug 29 $9,512
Sep 6 $10,622
11% profits

You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.

It's something you won't be able to always exploit. Currently there is still enough buy support around that level, but the next time it might catch you by surprise and dump further. We're not that far away from seeing that happen as there is nothing bullish about retesting the same support levels over and over again.

The market tends to rekt people when they get too comfortable with repetitive bounces, which we have seen happen last year too. I made quite decent profits multiple times buying around $6000 and selling 5-10% higher, which made me so comfortable that I had to be punished for underestimating this market. I'm glad that I woke up from it, and I hope that you will too.

Already woke up to this kind of situation and wont fall the same mistake again.I highly agree on getting that comfortable bounce where you do repeatedly purchase and sell off for a specific % gain then do it once again when it drops.We cant deny that we become greedy even into these short durations and the time comes where theres a break out of lowest support which i didnt even able to put up some SL.In result i do leave out hanging and later on my emotions and guts tell me to cut losses.
Ive been doing shorts but on a very strict money management and im not letting myself too confident anymore.

[miningguru]

Yes, many people are looking for a higher profit through trading and this makes them hold it for some time, that's why most of the day traders will make huge amount profit because they won't bother how much price the coin is reaching. They will always look out for profit not more than 5% on their investment. Sometime small returns will help you to reach your goals.

[ethereumhunter]

Just take a look at this 3 dates from July, August and September.

July 24 $9,709
July 25 $10,017
3% profits

July 28 $9,438
Aug 12 $11,391
20% profits

Aug 29 $9,512
Sep 6 $10,622
11% profits

You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.

If we can take the chance for that percentage, I think we can make a nice profit every month. We will have more bitcoin in our wallet. Yes, that will be nice if we can always buy low and sell high in the market, especially if we can monitor and use an alarm, so we don't miss the chance. I am sure that if the situations continue like this, we can be able to make more profit in every month.

This is where "Do not ignore the small profits in Bitcoin" comes in. Look at the example #1

July 24 $9,709
July 25 $10,017
3% profits

You Buy at $9,709 and Sold at $10,017 next day. Maybe if I have a greedy mind, I would hold on to it a little longer thinking that I can get more profits but, if you look at the price history of Bitcoin, if you hold on to it, you need to wait till Aug 1 to reach $10,000 level again as after July 25 price of Bitcoin dropped again to $9,700. Take that 3% profit and get more again after a few days. 3% profit every other day is better than nothing.

From your calculation, I am fine to sell at $10,017, so I can rebuy bitcoin when it's down, and that is happening on July 28, which bitcoin price is down at $9,438. So if I rebuy bitcoin on that price, I will sell it on Aug 12 at $11,391. I don't mind to wait for a while until the price can reach at least more than $100 and if I can repeat the process, I am sure I can have a big profit. It no uses if we keep that greediness just because we want to make a bigger profit in one-time sell because we don't know when it will happen, so it is better to use every chance to make a profit than never.

[Kakmakr]

Just take a look at this 3 dates from July, August and September.

July 24 $9,709
July 25 $10,017
3% profits

July 28 $9,438
Aug 12 $11,391
20% profits

Aug 29 $9,512
Sep 6 $10,622
11% profits

You will notice that once Bitcoin reaches $9,500 it starts to recover and go back to $10,300 to $10,500 level.
Thats why when Bitcoin drops to $9,500, I always take advantage and buy some more and sell a fraction of it to gain profits.

This is exactly what I am trying to get across to people here. Thank you for posting this, because some people are totally missing the point here. How many people can say that they made a 20% profit on any investment in a matter of 2 weeks? It is not impossible to make that kind of profits on some investments, but it is rare.

This happens very frequently with Bitcoin and you should take it, when it is on offer. Bitcoin's volatility can be your friend, if you know how to read the trends. #nydiacaskey01 saw the trend and he/she grabbed the opportunity to make a little bit of profits and we should learn from that. 

[barbara44]

sometimes small profits are only considered as one of the producers of losses. but i don't think that's right. now if we can be more diligent, I think with small profits if managed properly and can also continue to provide large profits, the most important thing is to be consistent in trading so that it provides profit

But, I think it is the generally being greed that controls most traders and investors that usually make them to ignore those small profits. Bitcoin price between $9000 and $13800 has fluctuated several times, if I buy bitcoin at $9000, and I wait to sell it at $13800, that is a profit of $4800, bitcoin has touched $9000 now and increased back to $10800 over 10 times now, which means if the holder had taken all those small profit, he would have even made more than the long term investors who would take at $13800, so taking small profit is not bad, but it has its own disadvantage of it too anyway, it makes the market not to be stable, imagine that everyone is practicing that, it means the market will be dumping several times, and there would be lots of panic sell.

[el kaka22]

sometimes small profits are only considered as one of the producers of losses. but i don't think that's right. now if we can be more diligent, I think with small profits if managed properly and can also continue to provide large profits, the most important thing is to be consistent in trading so that it provides profit

The best part of bitcoin trading is the small profits. Hell I started with small profits, my first ever profit on crypto trading was 11 dollars. That was a lot of money for me because I honestly believed that I was making free money, yes I know right now I realize it was never free money and trading is not making money out of nothing etc etc but I was new and I didn't know anything so I thought that was free money and I can do it forever and never have to work.

Of course, I learned the truth later but that small profit idea never left my mind. That "could I make 10 bucks a day on average" never left my mind and I have been chasing that ever since. I can't average that much but I am not really doing bad neither, it is going well but as well as I would hope so .

[pawanjain]

Buy the dip and sell the peak has become a slogan these days. Don't you think if it was that easy to identify the dip and the peak then almost everybody would have done that already.
It doesn't work this bud. If one is selling on one side then there is somebody who is buying on the other side. If everybody would just keep buying or selling then the graph would just go in one direction and to be really honest, that is definitely not good for bitcoin at all. So I think it's okay if we miss the little opportunities because there is a bigger one waiting that we could grab and seek all the profits that we would have made by such little investments.

[Republikcoin.com]

I have been aiming for small profits lately, but it's better than waiting for big profits. Well, that might be more interesting. in 2018, I always target a large profit, and the result is of course losses, even more so at the end of 2018 that made crypto prices really decline.

at the moment, the small profit in the bitcoin world is more profitable. it is a piecemeal but quite useful strategy. For now, I am still waiting for information to get a big profit. so, I often see the development of crypto while utilizing small profits.

[Lanatsa]

Yes, many people are looking for a higher profit through trading and this makes them hold it for some time, that's why most of the day traders will make huge amount profit because they won't bother how much price the coin is reaching. They will always look out for profit not more than 5% on their investment. Sometime small returns will help you to reach your goals.

most people investing in bitcoin certainly expect to get large profits so they are willing to hold longer for the coins that he has invested in order to obtain multiple benefits. but for the clever trader of course he can take advantage of the market situation at any time to gain little by little profit

then from the analysis it is very necessary to determine the target, although a little profit as long as according to the target it is better, because the trader is not greedy and disciplined with his analysis. This seems easy, but many traders are still rash and undisciplined in their analysis

It is very important to have a goal while you are trading. Just make a target and until you reach your target best thing is not to give up. It’s not about only reaching your target faster you also can reach your goal gradually with small profit if you wanted to get huge earning better invest for long term and just keep holding until you get your profit.

Goals shouldn't really be rushed up so that you wont mess up anytime.Mistakes are common along the way but most us do easily give up and turned back on what we are doing which in result into lost of money without having any chance of recovery.Start on small phase then later on when you do see the succession on making greens then that's the time you do increase out on the amount you do risk on your trading or simply increasing your position when you do trade.Gradual behavior is important rather than on having that impulsive decisions or making it rush without minding too much on the risk behind.You are just risking your investment to be fastly bust up.

[Questat]

Buy the dip and sell the peak has become a slogan these days. Don't you think if it was that easy to identify the dip and the peak then almost everybody would have done that already.

Definitely not and that is why we all making our own speculation. Volatility remains at its strength and making the price like a roller coaster

So I think it's okay if we miss the little opportunities because there is a bigger one waiting that we could grab and seek all the profits that we would have made by such little investments.

Little by little it becomes big, things that we shouldn't have to miss.
The market still struggling hard, that is most important to grab any opportunities that are given to us even it is just small amount but thinking that it is our lose also if we never take advantage of it.

[1BTC EQUALS 1CAR]

Yes, many people are looking for a higher profit through trading and this makes them hold it for some time, that's why most of the day traders will make huge amount profit because they won't bother how much price the coin is reaching. They will always look out for profit not more than 5% on their investment. Sometime small returns will help you to reach your goals.

I admit that I am also the type who always expect for huge profit and never really cares on small roi even it it is on 20% but I'm sure 80% of traders  or more than that apply that to theirselves. But on the other hand, if I'm holding $1-$5 million on bitcoin or eth then I would definitely sell my holdings and do swing trades frequently but the reality is I am not a whale but only a small algae on the ocean.

[Janation]

sometimes small profits are only considered as one of the producers of losses. but i don't think that's right. now if we can be more diligent, I think with small profits if managed properly and can also continue to provide large profits, the most important thing is to be consistent in trading so that it provides profit

Small or large profits, that it still profits, why would they consider it as a reason of losing.

We don't need to be diligent, we need to be knowledgeable, be patient and have that money to invest.

Also, just being consistent without learning any lessons from your previous losses is also useless. I think it is better for you to be able to learn from your mistakes and make a good strategy based on that.

[Rufsilf]

Yes, many people are looking for a higher profit through trading and this makes them hold it for some time, that's why most of the day traders will make huge amount profit because they won't bother how much price the coin is reaching. They will always look out for profit not more than 5% on their investment. Sometime small returns will help you to reach your goals.

I admit that I am also the type who always expect for huge profit and never really cares on small roi even it it is on 20% but I'm sure 80% of traders  or more than that apply that to theirselves. But on the other hand, if I'm holding $1-$5 million on bitcoin or eth then I would definitely sell my holdings and do swing trades frequently but the reality is I am not a whale but only a small algae on the ocean.

We all are just the same, of course, we aim high cause that is our dream and there is no wrong with that. What we actually do is to be more committed of what we wanted to happen not just by talking it.

If we have $10k worth of BTC, I think 1% ROI is small but people consider it big today cause of the market situation.
In myself, everything that I have even it is small I'll consider it big.

[Polar91]

Yes, many people are looking for a higher profit through trading and this makes them hold it for some time, that's why most of the day traders will make huge amount profit because they won't bother how much price the coin is reaching. They will always look out for profit not more than 5% on their investment. Sometime small returns will help you to reach your goals.

I admit that I am also the type who always expect for huge profit and never really cares on small roi even it it is on 20% but I'm sure 80% of traders  or more than that apply that to theirselves. But on the other hand, if I'm holding $1-$5 million on bitcoin or eth then I would definitely sell my holdings and do swing trades frequently but the reality is I am not a whale but only a small algae on the ocean.

If we have $10k worth of BTC, I think 1% ROI is small but people consider it big today cause of the market situation.
In myself, everything that I have even it is small I'll consider it big.

Indeed. Even small gains are worth it rather than not making profit at all. It's vital to keep your assets making profit to you even though it's not that huge. In the long run, it will benefit you unexpectedly. Nevertheless, we shouldn't hesitate to invest because if we hesitated in the first place, our wealth won't grow no matter how hardworking you are.

[samcrypto]

There is a saying in my country where you cannot complete a dollar without a cent. This indicates that even small profits counts because if these are combined all together, you can also produces big profits. This is also why distributing your resources to different baskets are better.

[pawanjain]

Buy the dip and sell the peak has become a slogan these days. Don't you think if it was that easy to identify the dip and the peak then almost everybody would have done that already.

Definitely not and that is why we all making our own speculation. Volatility remains at its strength and making the price like a roller coaster

So I think it's okay if we miss the little opportunities because there is a bigger one waiting that we could grab and seek all the profits that we would have made by such little investments.

Little by little it becomes big, things that we shouldn't have to miss.
The market still struggling hard, that is most important to grab any opportunities that are given to us even it is just small amount but thinking that it is our lose also if we never take advantage of it.

It all depends on our perspective bud. If we think that if by investing in such small opportunities we can make a huge amount of profits then we can surely do it.
But if we are not confident enough and just throw in our hard earned money without any proper planning then we are gonna lose the amount albeit the opportunities are big.
Also, if we are confident enough that by holding the amount for a long time we can make bigger profits then we can surely do that as well. We just have to believe in ourself and proceed with proper strategy.

[sana54210]

I have been aiming for small profits lately, but it's better than waiting for big profits. Well, that might be more interesting. in 2018, I always target a large profit, and the result is of course losses, even more so at the end of 2018 that made crypto prices really decline.

at the moment, the small profit in the bitcoin world is more profitable. it is a piecemeal but quite useful strategy. For now, I am still waiting for information to get a big profit. so, I often see the development of crypto while utilizing small profits.

Waiting for big profit is more like waiting for the peak time of any coin, or the surge of any coin, and that really takes lots of patience and takes lots  of commitment and looking beyond now to the future, but if there is anyone that looks for a quick money, then they ought not to hesitate to take small profit taking small profit isn't such a big deal really, it all depends on you naturally and how many small profits that you can take within that short period of time that bitcoin fluctuates in price.

Small profits are what some people do compound and use it to trade in a bigger way for them to have gotten those big profits that we see. It is better we start in a little way first before looking at the bigger picture of profit that we can get on our investment.

[Freddy11]

I always believe that as long as it’s profit, its profit. So it’s just foolish to ignore or consider it any less. At least, I am not one who prefers to think that way. I always prefer any profit especially if it’s through proper way. The simplest formula for me is to divide up the investment with trying various things whether it’s Crypto Lending, ICOs or direct trading, I like doing them all because I feel that’s how you are meant to reward yourself towards benefitting.

[Wonder_woman]

A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high.

Let's look at the recent price movement of Bitcoin and how this recipe would have put you one step closer to a safe investment in Bitcoin.

https://www.blockchain.com/charts/market-price?daysAverageString=7&timespan=180days  Let's take a quick example of what people could have done in the last 180 days, to secure a very good profit on their investment.

Let's say you had enough money to buy 1 whole Bitcoin when the price was at it's lowest in Mar '19 <$3000+> and sold in May '19 <$8600>, then you would have more than doubled your initial investment. <You could have doubled any investment amount, because the amount does not determine your profit, I just use 1 bitcoin as an example to make it easier to understand.>

The price volatility in Bitcoin in the short term makes provision for a lot of opportunities for people to make small profits, because it is frequently dropping and recovering and if you are just patient and if you time your buying and selling, you can quickly get a good return on your investment. <Buy the Dip>

Some of my friends bought during the Dip in Mar '19, but they are waiting for the BIG payday, so they are hoarding their coins and missing all the opportunities to get a small portion of their initial investment back in their pocket.

There is nothing wrong with long-term hoarding, but when the opportunity is there to take some small profit, then you should take it.   Do not re-invest your profit, because your first goal must be to get back your initial investment. Chip away that initial capital investment, by taking 5% here and 10% there, until you made back 100% of your initial investment.

Hoarding in the long-term might be convenient for some people, but the safe option is to take back small percentages in profits, until you get all your initial investment back. I use that profit to buy some goods and pay for some services in Bitcoin, so that I can show something for the risk that I took and for the effort that I put in to invest in Bitcoin.

This strategy helps to oil the Bitcoin merchants gears, by using Bitcoin as a currency and it also helps me to use Bitcoin as an investment tool.  

Because small profits is the beginning to success. Because if you hold small amount and wait for the right price you want you can earn more than you expect.ln day trading you can just earn now a small amount.but if you just patiently monitor the price you can save little by little in every trade.

[ryzaadit]

The hardest thing chasing a small profit its because we must do a scalping trading (Short Trade)

That's would be a problem, went the market doing a major movement (Bearish) cause went we got a major movement the market can get down more than 15-20%. Profit from doing a short trade maybe around 25-30% each month if you are lucky always successful doing a short trade could be 40-50%. A lot of people losing his profit because a major movement from the market, I already got this went doing a trade.

[Questat]

Snipped...

Because small profits is the beginning to success. Because if you hold small amount and wait for the right price you want you can earn more than you expect.ln day trading you can just earn now a small amount.but if you just patiently monitor the price you can save little by little in every trade.

Supposedly it was but not all of us have that attitude and such thoughts.
In fact, we are much aiming for high which is apparently hard to achieve this time. For me, it is much important to have some even it just of few bucks returns cause this is to say that we earned something and its something is big in the near future.

Just like us human, we started from infants and it grows old after for many years. It will be the same as we start in business from small into big returns depending on the market situation.

[btcholder]

<snip>

Being too greedy is not mistake it's a human nature i think.. But i can support your word that people can earn more profit if they being serious about their small profits. But in my opinion isn't it too much hard for low budget investor to reach that place..?

[Sexaphiliac]

Even in day trading, everyone has their strategy, some are scalpers/hfts other prefer the longer 4H to daily and weekly timeframes. The same goes for bitcoin investing, some prefer to take small profits, others prefer to ride the wave for longer periods. Although its always good to take profits, people have their strategies and styles that suits them. You can't fault it.

[davinchi]

if we patiently live it and diligently do it, small profits can certainly provide success because every opportunity we have in trading is always utilized as best we can to make a little profit

That is what I usually tell most of my friends that are interested in trading, that they should never focus in big profit alone, but they should also take advantage of small profits also. Taking small profits has lots of disadvantages too, first , it build the trader and gives the trader more experience because taking small profit means you will always trade often which will definitely give you lots of experiences as you trade.

With small profit, there is also tendency of being able to compound, and as you compound it, it keeps increasing your crypto base and this may eventually turn big before we could know it rather than ignoring and always waiting for bigger profits that usually take time, and give rise to lots of tension which may make us to panic sell.

[awik p]

<snip>

Being too greedy is not mistake it's a human nature i think.. But i can support your word that people can earn more profit if they being serious about their small profits. But in my opinion isn't it too much hard for low budget investor to reach that place..?

with a low budget I think it must collect a little profit. especially if we trade, I think it would be more suitable to multiply our money quickly. than we want investment and achieve large profits with small funds. if the trend against analysis that occurs is panic, therefore we must be able to control greed

[Juliedarwin]

Even if a big or it's just only a small amount of profit, we must thank for what bitcoin gave us.. Coz it is not easy to grow fast, you must have learn to wait the good price of your hodl then see what will happened.. And It will have a good profit comes to you so dont ignore bitcoin profit.

[pieppiep]

Greedy is one of the major factor that will affect someone negativity particularly when it is in you and you have not make any attempt to correct such mind set. Getting profit from trading all started from the little one make before it will become a large sum of money.

Being greedy is not good, at least that will prevent you from making a profit even for a small profit. You can be greedy if the market is in the fast moves so you can be expected to make a bigger profit. But if the situation is like this, I think it will be difficult to see a bigger profit. But if you can take a little profit for a while and you can repeat the process, and you can make a profit, I think you will collecting a bigger profit too.

But it will be different if you have huge money to trade because, in one time trade, you can make more than $50-$100 because once bitcoin price moves from a lower price to a higher price, the price will give you a bigger profit. But still, it is better to take a small profit first before you are ready to make a big profit.

[xSkylarx]

Chip away that initial capital investment, by taking 5% here and 10% there, until you made back 100% of your initial investment.

At this part of the topic, does OP means only take a percentage of the capital? If yes, why not take the 100% of the capital then wait for the moment to buy again. I'm not good in reading the charts but I still want to trade to have some extra income. This topic could help me when to take profits.

[CryptopreneurBrainboss]

A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high.

They're not been greedy instead acting smart. Day trading or trading in general isn't an activity everyone's can partake in. Sometimes it can favor you although majority of the time it won't. Investing is quite different from trading, if you're trying to encourage forum members into trading for profit then you first have to emphasize on the importance of acquired the required knowledge and skills needed to profit from trading.

It's quite tempting to try to profit from the small gains whenever you see them but if you inquire from those who have been in the industry for quite a long period of time, they'll review "Ignoring the small profit" is quite the best decisions you can ever take as history has always proven, "hodlers profit the most with less stress".

[Apaxy]

Today, one way or another, without certain investments, it’s almost impossible to earn Bitcoin or receive income.  If a person knows how to control a computer and knows what it is, it is best to invest in Bitcoin mining, and it’s good to create your own solar or wind power station, then the source of income will be really magnificent.  But if you have certain knowledge and experience in trading, then of course you can trade Bitcoin, especially in daily trading, since many traders prefer this particular type of trading, which is almost the main type of earnings.  But even here it will not do without investment.  I am sure that no one should hope for easy profit with Bitcoin.

[Janation]

The only way to make it through in bitcoin is to sell when you see a little profit and reinvest again

I think that will make you richer fast than the long wait to ma gather the high profits. Price will always go higher and also come down, those are times to take decision.

That is also bad.

Not all of the time that it will increase, it will quickly fall too.

What if you see a small profit and you trade quickly not thinking that it will continuously increase for a week or a month? How will you feel when that happens?

[DmitFomin]

There is no perfect combination or solution in trading and investing. Even this example of buying 1 BTC for $3,000 and selling it for $8900 can only be done in the past tense. It is enough to recall the mood of the market when the BTC price fell and reached $3,000 and there was no certainty about what awaits us next, many sold at $3,500 in order to purchase at $2,600-$2,800, but the price did not drop to this level. Any investment is a risk, but investing in cryptocurrencies is a game of chance that we all play.

[shoreno]

There is no perfect combination or solution in trading and investing.

there are . patience and being smart are the perfect combination of winning your trade/investment  . if your patient you can have the ability to wait for years or decades just to see a good price  .

 if your smart you cant go wrong on the assets that you are picking because you already done a research if what is good or what is not so good . ignoring the small profits of your investments is like neglecting your whole investment/portfolio  . small is better than zero imo

[Oasisman]

<snip>

Being too greedy is not mistake it's a human nature i think.. But i can support your word that people can earn more profit if they being serious about their small profits. But in my opinion isn't it too much hard for low budget investor to reach that place..?

Low-budget investors may opt for long term hodling, since collecting small profits to gradually take back the capital may never make any difference. But, still its a good exercise to make use of the strategy for less risky investment. Long term hodling might drain your patience sometimes when your coin doesnt seem to have improved for quite some time.

[Darklinkz]

I do this and I know most of traders here do it. How do I know? Because if people will be contented on only small profits then they will go to the banks or stick to their banks and put all their money there sleeping. That is steady profit but very small. If OP is telling that the small profit in swing tradeing is good, I disagree unless I am a whale that even a slight 2% movement would still give me millions of spread after.

[perla]

I do this and I know most of traders here do it. How do I know? Because if people will be contented on only small profits then they will go to the banks or stick to their banks and put all their money there sleeping. That is steady profit but very small. If OP is telling that the small profit in swing tradeing is good, I disagree unless I am a whale that even a slight 2% movement would still give me millions of spread after.

Condition of people in market is different, i will agree if whales who only cares about small profit (in percentage) because if people who only have small amount or maybe not much capital, they will wait for big profit and wouldn't take under 10% profit. Usually the profit almost same with withdrawal fees or maybe will only used again to pay fee in their trading activity again.

[tonyvo2017]

That is one thing that I appreciate. but to get a small percentage and not lose, then you are a professional trader. Money is never easy to make, if 1 or 2 days you can make 3% - 7% continuously, you will be very excited and want to trade, but then you will be tripped by the harshness of market. But it's a good idea anyway.

[Greed Dev]

I totally understand your opinion but I think it all depends on yourself, there are some people they are willing to sell when they feel profitable, some people hold it and wait for more time to price increase. It is everyone's choice, I don't judge anyone wrong.
 Also for myself, I like to use the money that I can lose to invest because if you have losses your life still alright.

[jakoylantern]

For me, yes don't ignore the small profits in bitcoin investments and not only in bitcoin, but in your all investment in cryptos, etc. Why we must not ignore it because these little things are not insignificant in the future, especially if it grows, in my experience, I own 0.1BTC in the early year of bitcoin I think is around 2012- 2013 imagine the value of the of 1 BTC on that year. I ignore it at first because of the cost and other things to do, but when the price rate of bitcoin increase I realized that my 0.01 BTC become expensive and I gain a significant amount of money.