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 certainly a good strategy and you are on the right track. You simple buy when its low and sell when its high. However, you have to always see the market and get a good timing so that you can always win or gain in bitcoin. I would suggest, you also invest in other coins.
Man, being in the crypto currency industry and earn profits just isn't as easy as that. If you ever wanna invest, it will take months if not several years for you to be able to invest properly on highs or lows on various coins and be able to get good returns. This is not as easy as a walk in the park. everybody should keep that in mind.