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.
Well for me, that was just certainly good because you can gradually manage your capital to keep your money rising by means of expanding your earning capacity everytime you buy Bitcoin at its dump which I bet many of us do also do since it was that too affordable for us to purchase it at its lower price. I do also think it positively that the way you are selling your Bitcoin is for a good purpose which is to use it again for purchasing Bitcoin because other people tend to sell at low price for an easy money and to eventually cut their losses that is why we are all suffering at the dump but at the same time getting into the opportunity of having the chance to buy Bitcoin at its low price to increase the possibility to earn more once the price goes into a pump that is really worthy for the money you have spent.