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Author Topic: Do not ignore the small profits in Bitcoin investments.  (Read 3136 times)
Free1bitco.in
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September 10, 2019, 07:13:07 AM
 #61

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.
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September 10, 2019, 07:38:21 AM
 #62

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.

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September 10, 2019, 07:47:39 AM
 #63

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.
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September 10, 2019, 09:03:24 AM
 #64

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.

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September 10, 2019, 09:47:17 AM
 #65

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.  Wink 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.  Wink

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.
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September 10, 2019, 10:29:21 AM
 #66

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.  Wink 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.  Wink

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.

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September 10, 2019, 01:06:19 PM
 #67

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 !

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September 10, 2019, 01:20:44 PM
 #68

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.
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September 10, 2019, 01:55:10 PM
 #69

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.

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September 10, 2019, 10:42:14 PM
 #70

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.

R


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September 11, 2019, 02:22:43 AM
 #71

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.
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September 11, 2019, 04:05:36 AM
 #72

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.

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September 11, 2019, 07:09:00 AM
 #73

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.  Wink

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September 12, 2019, 01:39:27 PM
 #74

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.
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September 12, 2019, 05:27:55 PM
 #75

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 Cheesy.

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September 13, 2019, 02:20:25 PM
 #76

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.

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September 13, 2019, 05:25:07 PM
 #77

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.

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Lanatsa
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September 13, 2019, 08:00:32 PM
 #78

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.

R


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Questat
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September 13, 2019, 10:10:03 PM
 #79

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.

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September 14, 2019, 07:15:30 AM
 #80

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.
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