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'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 highlighted your BIGGEST mistake. You should never go ALL IN with any investment, no matter how good it is. The risk in
doing this is simply too big. Bitcoin is still experimental and nowhere near mature enough to be regarded as a SAFE
investment option. I will not even go ALL IN with something like Gold. The saying ALL eggs in one basket comes to mind.
