Post
Topic
Board Bitcoin Discussion
Re: Cashing in on Bitcoin - Daily Income
by
richsoon
on 06/12/2017, 15:18:51 UTC
Hi,

I'm new to the forum and have been looking over several possible ways to maximise my earnings from Bitcoin on a daily/weekly basis as a secondary income

During the recent growth, my Coinbase account shows me the daily, weekly, monthly growth in £/$ & %

All my investment is currently in Bitcoin, but in theory if each day my investment grows by 5% for example, is it wise to withdraw that percentage to use as an 'income'. My fear of this is that although my original investment will remain untouched I will be selling a portion of the bitcoin and the more times I do this I will be left with 0.00000 BTC

I have thought of so many pros and cons to the above that I thought id ask

Any thoughts or advice would be appreciated

I would suggest cashing out a portion of the increase in value and letting some of it ride for higher gains in the future, that way you will eventually end up with more money out than you originally put in.