Post
Topic
Board Beginners & Help
Re: How much money from my profits i should put in bitcoin ?
by
KingsDen
on 03/12/2024, 18:48:57 UTC
Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT  Roll Eyes
I wouldn't advice that you continue doing what you have been doing. To be on a safe side, you can be storing in stable coin for now. I commend you for being able to be involved in double risk those while, it's not easy.
1. You are trading altcoins (which is risky)
2. Using your profit to buy BTC (which is another risk)
So, if there's actually uncertainty, it will be nice you just drop one risk for now and proceed with one.