How do you use profits from the crypto market?

[KryptoBull]

I would be very surprised if I read anything else. But seriously, where else can you spend what you earn in crypto? There will always be two options, reinvest and for life. And reinvest, as a rule, does not go further than crypto, because it’s investing in something more serious ones require much more effort and attention than in crypto.

Investors will always have to make choices throughout their journey. I encourage using a portion of profits for real life because we invest to make our lives and families better, not just to watch the balance grow.

A portion of profits can also be used for reinvestment, either in the crypto market itself or in the stock market or real estate. Usually, my friends will choose to reinvest in crypto because it is the market they have experience in and have made profits from. Others want to diversify their risk and decide to buy stocks. In any case, the decision is based on each person's needs and capabilities.

[de_prof]

I would be very surprised if I read anything else. But seriously, where else can you spend what you earn in crypto? There will always be two options, reinvest and for life. And reinvest, as a rule, does not go further than crypto, because it’s investing in something more serious ones require much more effort and attention than in crypto.

Investors will always have to make choices throughout their journey. I encourage using a portion of profits for real life because we invest to make our lives and families better, not just to watch the balance grow.

A portion of profits can also be used for reinvestment, either in the crypto market itself or in the stock market or real estate. Usually, my friends will choose to reinvest in crypto because it is the market they have experience in and have made profits from. Others want to diversify their risk and decide to buy stocks. In any case, the decision is based on each person's needs and capabilities.

This is a good move, because we share our profits from crypto partly to meet real needs and perhaps buy assets in the real world. And some of the profits are also used to increase our crypto assets, I have also done that since 2017.

[milewilda]

Have you ever been profitable and taken profits in the crypto market?
-Of course, taking profits should really be your main priority and if you do have the chance then dont hesitate on grabbing it out.
Unless if you are a holder then it would be a different story.

How did you use that profit? Do you use that profit or reinvest it?
-Compound profits as much as possible but i do make out some snipping out with some profits.
Buying up something which i do like but not really cashing it out all.


Do you think using profits is also important for your investment journey?
Reinvest,compounding,savings for buyback and making cashouts for sometime.

[[email protected]]

Investors will always have to make choices throughout their journey. I encourage using a portion of profits for real life because we invest to make our lives and families better, not just to watch the balance grow.  I lost some bitcoin months ago and was quite unhappy about it until I was made aware of White Express Recovery company, who helped me recover it. Not all, but around 88% of it has been retrieved. If you have similar problems, you can contact them at whiteexpressrecovery . com

[BitMaxz]

To me it depends if I am going to exchange my assets into profit but I only exchange a few of them and hold it until the next bullish market.
I currently use some of the profit for trading and a bit of projects to build a miner hotspot I  see many POC out there since it does not eat so much power I use my profit to buy the equipment to build it. For trading, I train myself on day trading I am making a positive profit right now compared to last week I will do this until I build a good portfolio and live on trading because I saw pro traders live on trading as a day trader.

[KryptoBull]

This is a good move, because we share our profits from crypto partly to meet real needs and perhaps buy assets in the real world. And some of the profits are also used to increase our crypto assets, I have also done that since 2017.

I've encountered many people who invest just for the sake of investing

They never want to cash out because of regret and the belief that those profits could generate even more, forgetting that the larger the capital, the more difficult it is to manage and the more negatively it affects the investor's psychology.

I always encourage people to use a portion of their profits for themselves and their families to maintain a positive attitude on their investment journey. When family sees the value of cryptocurrency investing, we will gain their support. After all, we are only interested in profits, not the decentralization of crypto!

[akeemqaz]

Honestly, most time, I just take profit and spend for my daily activities. But sometimes, if I feel reluctant or nervous to take profit, I pair the coins I wanna take profit from to some stable coins using Bitget smart portfolio. This will automatically take profit from them to buy the stable coins as the price go up. The best thing is one can pair multiple coins.

[bitterguy28]

good to hear that mate because I must admit that I am stupid in trading , have done couple of times before but gain nothing but failure so I would rather HODL or  Buy Low Sell high instead.
and also I am now trying staking in which for me is more safer than anything about passive income.

If you don't have the skills and experience as a trader, you should choose hold as a way to invest in cryptocurrencies. Because investing in crypto is not only as a trader, you can choose to be a holder, participate in airdrops, join bounty campaigns, etc.

I am a HODLER for years now mate but it is boring that is why I am trying other areas where I can generate profit/income while waiting for the right or perfect time to sell my Hodlings .
Am sure that there are plenty of our kind that doing the same since it is safer to hold but taking long time while in trading or staking there are shorter time frame to take your fruits.

[gunhell16]

good to hear that mate because I must admit that I am stupid in trading , have done couple of times before but gain nothing but failure so I would rather HODL or  Buy Low Sell high instead.
and also I am now trying staking in which for me is more safer than anything about passive income.

If you don't have the skills and experience as a trader, you should choose hold as a way to invest in cryptocurrencies. Because investing in crypto is not only as a trader, you can choose to be a holder, participate in airdrops, join bounty campaigns, etc.

I am a HODLER for years now mate but it is boring that is why I am trying other areas where I can generate profit/income while waiting for the right or perfect time to sell my Hodlings .
Am sure that there are plenty of our kind that doing the same since it is safer to hold but taking long time while in trading or staking there are shorter time frame to take your fruits.

Most of the time what I do is the other profits I get from crypto I also reinvest in other potential cryptos then I also hold for the long-term. Then the rest I just continue with my trading activity every day that I do.

And I also think I'm not the only one doing this in this field of the crypto business industry. Because of course what they are doing is compounding method for this future savings.

[de_prof]

Profiting from cryptocurrency is not an easy task. An investor is definitely lucky if he can make profit. There are many who have lost their start by investing in crypto yet have not seen any profit. If someone is profiting from his investment then I would say he should take that profit. Because crypto can crash at any time. Coins can have major price crashes for no apparent reason. If an investor enjoys the profits of his investment then he can instead earn profits through better trading management.

All investors invest to gain profits, and all need a process. Maybe at the beginning those who learn to invest in crypto experience losses, that's normal because learning requires a process. And experience and knowledge in the crypto world is needed so that we can carry out analysis and gain profits, not just rely on luck

[Dr.Bitcoin_Strange]

I want to hear from you:

• Have you ever been profitable and taken profits in the crypto market?
• How did you use that profit? Do you use that profit or reinvest it?
• Do you think using profits is also important for your investment journey?

1. Yes, along the line I've bought a few tokens in the past that gave quite a good profit during the early stages of the token, but most of them are not longer around right now.

2. I believe taking profits or reinvesting/compounding your profits completely depends on your investment goals, there are investments you go into just for the short-term simply because you question the solidity and authenticity of the project, so you go in with intentions of takimg whatever profits you can take out before it crashes, for such investments, reinvesting or compounding would be a pretty bad option, it'll nest to take out whatever profits youve made from the investment and not reinvest.

3. Like I said, using profits made from an investment completely depends on your investment goals, if it's an investment you trust and decides to go in for the long-term, I wouldn't advice taking out whatever profits you make as it would be bad for the investment, such investments requires you to reinvest/compound whatever profits You've made so far in order to make more profit.

[doc]

Profiting from cryptocurrency is not an easy task. An investor is definitely lucky if he can make profit. There are many who have lost their start by investing in crypto yet have not seen any profit. If someone is profiting from his investment then I would say he should take that profit. Because crypto can crash at any time. Coins can have major price crashes for no apparent reason. If an investor enjoys the profits of his investment then he can instead earn profits through better trading management.

All investors invest to gain profits, and all need a process. Maybe at the beginning those who learn to invest in crypto experience losses, that's normal because learning requires a process. And experience and knowledge in the crypto world is needed so that we can carry out analysis and gain profits, not just rely on luck

You are right, everyone who invests wants to make a profit. That's their main reason. And it takes time to become more experienced to be able to determine the best investment.
Using the benefits is adjusted to our needs and finances. We can use these profits to increase our crypto assets, and also to help cover our living expenses. It all depends on our decision.

[IvugeoEvolutionCoin]

Profiting from cryptocurrency is not an easy task. An investor is definitely lucky if he can make profit. There are many who have lost their start by investing in crypto yet have not seen any profit. If someone is profiting from his investment then I would say he should take that profit. Because crypto can crash at any time. Coins can have major price crashes for no apparent reason. If an investor enjoys the profits of his investment then he can instead earn profits through better trading management.

All investors invest to gain profits, and all need a process. Maybe at the beginning those who learn to invest in crypto experience losses, that's normal because learning requires a process. And experience and knowledge in the crypto world is needed so that we can carry out analysis and gain profits, not just rely on luck

Not everyone who enters and gets to know cryptocurrency has the aim of always making a profit, maybe there are also those who use cryptocurrency to store all the assets they own and move to digital currency such as Bitcoin which is safer and has no monthly fees. Of course, another advantage is that when the price of bitcoin rises, the price of the assets we own will also increase.