Post
Topic
Board Trading Discussion
Re: Do not ignore the small profits in Bitcoin investments.
by
nankers
on 05/09/2019, 13:17:47 UTC
A lot of people make the same mistake by being too greedy, and ignoring the small profits and not using the proven recipe for success in Bitcoin by buying low and selling high.

simple strategy but very efficient  Wink

There is nothing wrong with long-term hoarding, but when the opportunity is there to take some small profit, then you should take it.  Wink Do not re-invest your profit, because your first goal must be to get back your initial investment. Chip away that initial capital investment, by taking 5% here and 10% there, until you made back 100% of your initial investment.

Hoarding in the long-term might be convenient for some people, but the safe option is to take back small percentages in profits, until you get all your initial investment back. I use that profit to buy some goods and pay for some services in Bitcoin, so that I can show something for the risk that I took and for the effort that I put in to invest in Bitcoin.

This strategy helps to oil the Bitcoin merchants gears, by using Bitcoin as a currency and it also helps me to use Bitcoin as an investment tool.  Wink
Personally im 100% agree and honestly I prefer to get a small profit every day than I have to wait for a long time just to get a big profit. because I think if we calculate the total profit we get, maybe the daily profit with a small amount will be greater than the big profit over a long period of time