Do not ignore the small profits in Bitcoin investments.

[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.