I show You how I made $1,006 from $100, then $257,000 from $1,006 with Bitcoin and cryptocurrencies!

vendredi 1 janvier 2021

Looking for advice please any crypto experts out there??

Hi there,

I'm a casual investor who started a few years ago when bitcoin was around $5k.

I am mainly invested in bitcoin and etherum. I'm no expert so looking for a bit of advice on what to do.

I understand normally the best strategy is to buy when it's low and then bank your profits when it's high to re invest.

Can I ask though (making this number up) but let's say you buy $5000 dollars of bitcoin and own 0.03 of a bitcoin... If the price rises and you now have $10,000 does that mean you now have 0.06 of a bitcoin? I think it doesn't... However what happens if I decide to bank the 5k profits... Does the 0.03 I hold reduce or only if I pull out more than my profits?

I want to hold on to my original investment but also want to cash out some profits to re invest.

Let's say I cashed out my profits of 5k and then brought back in at a much higher price e.g $25,000 is that wise?

Apoligies as I know I'm sounding pretty basic and this is probs really easy to understand but I just want to be 100 per cent sure so really do appreciate any honest advice talking me through it and if my approach makes sense.

I don't want to sell all my money originally invested as I believe it will continue to grow but equally wondering if leaving my profits in and not reinvesting them is a bad idea as I could have turned them into even bigger profits by reinvesting.

Many thanks in advance

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