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. 

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.