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.