Do not ignore the small profits in Bitcoin investments.

[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.

[1714831826]

1714831826

[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?