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
It is not at all wise to do so because you here are confusing two separate things. You are correct that by withdrawing such percentage on daily basis you are reducing your total btc holding in an indirect way. Not 0.0 but it could fall terribly until btc you hold reaches of the value of the amount you invested. Its not a bad plan if you don't trust cryptos but not a good one for long term gain. Moreover btc doesn't always grow in value each week.