Hello everyone, I want to share about my strategy with bitcoin and I need your advice.
So the example is, I've buy bitcoin in price $2000/btc with amount $750 so I have 0.375 btc. When the price climb to $4100/btc, I sell my 0.184 btc to get my first capital and get $754.4 and 0.191 btc left .then when the price dump again to around $3900, I buy it again with my $754.4, so I get 0.193xxx btc and my total btc is 0.384xx. With my $750 I can keep increase my bitcoin with this strategy. So what do you think. Am I doing right with my bitcoin? Or you have any advice. Please explain.
you do the right way with that you get the benefit, i will learn your way hopefully i can also succeed as you have done.
Your doing great. Your strategy is what we called trading (short-term). Buying in low price and selling in a higher price. Though there's a little bit risk but if you have the trading plan, you can execute it wisely.