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.
That is a good strategy, wait always on the right time to make your invest double. This is what I'm doing too with my small amount investment.
Buy and sell is the most common strategy that investors are doing especially to digital currencies. I am doing this too but in the long run, I am doing it wrong since most of my earnings are being eaten up by the fees.