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.
You have a nice strategy but for me since I do not have money for investments, what I did was to join some bounty campaign and signature campaign in order to earn bitcoins. Yes I did earn but my earnings are for the support of my children, I hope I can earn more so that I can have capital for bitcoin trading.
If you can find other ways to make money, depending only in bounty and signature campaigns for something as important as supporting your children is something that is incredibly risky especially if we take into consideration that cryptocurrencies can change the value very fast and while but but it sometimes that is going to benefit you we must recognize that sometimes the market goes down and that goes against your best interests.