Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: KryptoBull on February 01, 2024, 11:38:33 PM
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The crypto market is warming up after the recovery of BTC and many Altcoins, the community is talking about expectations, about new ATHs in 2024 and 2025. It seems like everyone is very optimistic, very excited to think about a good future in this crypto market. Everyone is thinking about the profits they will have after this cycle, and I'm sure everyone has a plan to use those profits most effectively.
I also have a lot of plans, but other than reinvesting in the market during the crypto winter to buy more tokens and get more profits in the next cycle, I think profits from the crypto market should bring positive values to my real life.
I know that this crypto market is really potential and creates extremely large profits in the uptrend. A token's price increase of 1000% in an uptrend year is considered a weak increase and not an effective investment in the crypto market, stock investors are always surprised about this. But the market also contains many risks and creates pressure when investing, holding and trading. Many investors I know have looked much older after just 1 cycle in this market. It would be bad if profits continued to put more pressure on their lives, we only have 1 life to live ::)
I am not a professional investor, I DCA so there is less pressure. But to be honest, I still cannot escape all the negative impacts of the market. I hold BTC and I'm happy when the BTC price increases, I'm sad when the BTC price drops, even though I have determined to hold BTC for 1-2 years and will not sell regardless of any fluctuations during that time. I think many other investors also have similar feelings, things will be worse for traders participating in Margin and Future!
To balance those negative emotions, I always spend 50% of my profits from the crypto market to spend on family needs, usually buying gifts for members. The biggest joy I can mention is that in the previous cycle, I took profits in BTC and used the profits to buy a new iPad for my daughter to use. She loves it and even named the Ipad as "iBit" because I told her: the Ipad is gift from Bitcoin (and not from BTC Spot ETF of BlackRock). Don't worry, I still don't want to teach her DCA BTC, her childhood needs to be protected ;D
I know this joy is very small for many others, but it is big enough to give me more motivation to try harder in this market. There's nothing better than when profits from the crypto market become the joy of the person I love the most :-*
I know many people who enter the market and are very successful, they have huge profits but all they do is invest. They almost forget that they also need to spend and use the profits from the crypto market to make their lives better.
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?
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I want to hear from you:
- Have you ever been profitable and taken profits in the crypto market?
I did it, but not in large quantities. Taking profits during a bullish era is something that everyone is really looking forward to. But unfortunately, sometimes there are coins that allow us to take profits, but there are also those that fail due to several reasons. Some of them are that the coin immediately rugpull or sets the target price too high. So, really miss the chance. However, at least, the percentage of taking profits must be higher compared to the loss or the lost opportunities. And that's all I ever got.
- How did you use that profit? Do you use that profit or reinvest it?
That will depend on fund management. Based on what I did before, there were several percentages that I cashed out because they really needed it in real life. However, most of it is for re-investment to prepare for the next bullish era. However, the amount is not that big, so you have to continue accumulating to achieve optimal results.
- Do you think using profits is also important for your investment journey?
Of course, This is quite influential and important. Because we can measure the extent of our results so far and how we will use them in the future for further needs or investments in the future.
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That will depend on fund management. Based on what I did before, there were several percentages that I cashed out because they really needed it in real life. However, most of it is for re-investment to prepare for the next bullish era. However, the amount is not that big, so you have to continue accumulating to achieve optimal results.
It is ideally like what is said, some we use to meet needs, but some are also for investment. But now it is difficult to do because the value obtained is not divided into several parts, but it would be better to use it immediately for new investments.
So that during the bullish season we can get the maximum.
In addition, there will be changes so that the bounty value that we get is indeed very large, and it will be easy to carry out the allocation of division.
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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?
Profit is very important because without it then most of us would not even be here...for as long as we are human beings we look at profits as rewards for the things we are doing and investing money with. Profits can be liken to incentives so we keep on going forward and will continue on dreaming of bigger things for our life, that of our family and our community. Now, that answers number three. On question number one, yes I think I am already profitable though there are also some losses along the way and for which I really learned big lessons from and on number two, I used the profits to invest with real estate and of course personal and family needs. Overall, the crypto industry has been good to me for the past several years and though I am already planning on diversifying I am not going to leave and will continue to be participating and even looking for opportunities (hopefully not getting ingo scams and frauds so am crossing my fingers!)
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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?
I definitely get a profit from the crypto I own, even though it's not big according to the crypto I have as capital. For profits from crypto, I usually divide it into two, put it into another coin and use it for myself,
In my opinion, using profits for further investment is only natural if we use cold money
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- Have you ever been profitable and taken profits in the crypto market?
Yes, I have been profitable many times and I have also taken profits from crypto-market. I have also faced some losses but so far the profits have been many times higher then the losses and that's why I don't even care about the losses that I had.
- How did you use that profit? Do you use that profit or reinvest it?
I have used some of the profit for reinvesting while used some of it for my current needs. I have purchased so many good tools and daily needed items from the profits and I will continue doing that. I'm not someone who will reinvest 100% of the profits again to make more profits but I'm someone who will reinvest 50% of the profits and keep 50% of the profits for my personal needs.
- Do you think using profits is also important for your investment journey?
Yes, I do think that using profits is important for my investment journey because reinvesting the 50% profits will always make my next profits higher then the previous ones and that's why I believe it's an important thing for my investment journey.
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Profit is very important because without it then most of us would not even be here...for as long as we are human beings we look at profits as rewards for the things we are doing and investing money with. Profits can be liken to incentives so we keep on going forward and will continue on dreaming of bigger things for our life, that of our family and our community. Now, that answers number three. On question number one, yes I think I am already profitable though there are also some losses along the way and for which I really learned big lessons from and on number two, I used the profits to invest with real estate and of course personal and family needs. Overall, the crypto industry has been good to me for the past several years and though I am already planning on diversifying I am not going to leave and will continue to be participating and even looking for opportunities (hopefully not getting ingo scams and frauds so am crossing my fingers!)
There are many investors who have never taken profits and used the profits they themselves earned from the crypto market. Greed makes them expect more and think that the more capital, the more profit. They do not know how to create joy and motivation for themselves, and at the same time gain the support of their family.
I believe that when you cash out your crypto profits and pay for your family's needs, you will have more love for crypto and more reasons to stay in this market for many more cycles ;D
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Profit is very important because without it then most of us would not even be here...for as long as we are human beings we look at profits as rewards for the things we are doing and investing money with. Profits can be liken to incentives so we keep on going forward and will continue on dreaming of bigger things for our life, that of our family and our community. Now, that answers number three. On question number one, yes I think I am already profitable though there are also some losses along the way and for which I really learned big lessons from and on number two, I used the profits to invest with real estate and of course personal and family needs. Overall, the crypto industry has been good to me for the past several years and though I am already planning on diversifying I am not going to leave and will continue to be participating and even looking for opportunities (hopefully not getting ingo scams and frauds so am crossing my fingers!)
There are many investors who have never taken profits and used the profits they themselves earned from the crypto market. Greed makes them expect more and think that the more capital, the more profit. They do not know how to create joy and motivation for themselves, and at the same time gain the support of their family.
I believe that when you cash out your crypto profits and pay for your family's needs, you will have more love for crypto and more reasons to stay in this market for many more cycles ;D
First of all, use cryptocurrency for financial independence. Including the safety of assets and, accordingly, income. Today, the state believes that a person must always share his profit with the state, while the person has not received any efforts or assistance from the state. Therefore, cryptocurrencies fundamentally change the situation in this regard.
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- Do you think using profits is also important for your investment journey?
Yes, I do think that using profits is important for my investment journey because reinvesting the 50% profits will always make my next profits higher then the previous ones and that's why I believe it's an important thing for my investment journey.
The ideal thing is done if it really wants to invest again with 50% of the profits obtained.
because of course we all hope that more and more investment will automatically produce optimal values.
even though it will not always be realised, but there must be courage and analysis to place where.
Of course, there are more, but there are also those who reduce everything and return it to themselves.
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Of course, what is the benefit of all profits if we will continue to invest and accumulate profits without benefiting from them in our lives and needs or realizing our dreams on the ground?
Personally, I use part of my profits to spend on my family’s monthly needs, and I was Holding the rest to make Bitcoin DCA in the long term, and I was planning to sell those amounts at ATH, then I would get a large amount of money enough to buy a store that I use in my business.
But we don't always get what we want. Some time ago, I had an unfortunate accident that led to an early failure of my plans.
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Of course, what is the benefit of all profits if we will continue to invest and accumulate profits without benefiting from them in our lives and needs or realizing our dreams on the ground?
Personally, I use part of my profits to spend on my family’s monthly needs, and I was Holding the rest to make Bitcoin DCA in the long term, and I was planning to sell those amounts at ATH, then I would get a large amount of money enough to buy a store that I use in my business.
But we don't always get what we want. Some time ago, I had an unfortunate accident that led to an early failure of my plans.
I wish you that any adversities that happened suddenly will pass easily and you will return to the usual flow of life.
LI do not use DCA, but prefer to buy at the bottom and sell at high prices. Of course, sometimes I don't guess these levels, but I definitely have a profit from trading. For example, I sold BTC at 26k and then bought it at 19k, and this gave an excellent increase in my portfolio.
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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?
That is really a long story mate I thought it was a book that I read page by page ;D :D
but about those questions ,
1. of course we did and this is why we are buying low sellign high to cut losses or to increase potential profit.
2. Of course Again i use those to reinvest because all my crypto investments are solely keeping into crypto market and not for daily use.
3. It is Profit mate , of course this will always be important .
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I use some of the profits from cryptocurrencies to meet my needs, some to repurchase, and some to invest in new projects. I use it for general purposes, but the majority of the money stays in the market because I believe that this market will grow. However, I must admit that I have not been making very good profits lately. My earnings have been very low lately because I am afraid to take risks. I think we are in a slightly uncertain market...
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Have you ever been profitable and taken profits in the crypto market?
Yes I have been profitable and taken profits in the crypto market. 2017 was the time being where most of us witnessed all this. Right now same as usual but a bit low compared to previous profits.
How did you use that profit? Do you use that profit or reinvest it?
I invested it for long term and I also reinvested few funds so I could be future proof.
Do you think using profits is also important for your investment journey?
Of course depending on how we actually use it for. If we use it as a liability then we might end up nothing but if we had to add it to our existing investments there is a higher chance for us of achieving financial freedom.
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~snip~
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?
I read your post and I think that you are thinking quite correctly when you invest part of the profit in some real things in your life that mean a lot to you and the people around you. I believe that money (in any form) exists to make some of your dreams come true, and that those who only reinvest their profits risk not getting the chance to do so at all for any unforeseeable reason.
I can say that I bought a lot from the profits that came from cryptocurrencies, especially because I invested in Bitcoin back when it was worth just over $200. Fortunately, in the first years, I more or less only invested and collected by faucets, so I started to enjoy the profit only sometime during 2017 during the big bull run.
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I use some of the profits from cryptocurrencies to meet my needs, some to repurchase, and some to invest in new projects. I use it for general purposes, but the majority of the money stays in the market because I believe that this market will grow. However, I must admit that I have not been making very good profits lately. My earnings have been very low lately because I am afraid to take risks. I think we are in a slightly uncertain market...
The crypto market always attracts us because of its potential and risks. I also had difficulty deciding on the percentage of profits to reinvest. When I only spend part of the profit to reinvest, I always feel I can hold it longer, not selling too early before the uptrend reaches its hottest moment.
I read your post and I think that you are thinking quite correctly when you invest part of the profit in some real things in your life that mean a lot to you and the people around you. I believe that money (in any form) exists to make some of your dreams come true, and that those who only reinvest their profits risk not getting the chance to do so at all for any unforeseeable reason.
I can say that I bought a lot from the profits that came from cryptocurrencies, especially because I invested in Bitcoin back when it was worth just over $200. Fortunately, in the first years, I more or less only invested and collected by faucets, so I started to enjoy the profit only sometime during 2017 during the big bull run.
Wow, you have been in the market since 2015 and have bought BTC at a really cheap price, congratulations you have made a lot of profit from this market.
I always keep the goal of working and investing to have more income for myself and my family. Investing is not just for investing or just to satisfy curiosity about the market.
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The ideal thing is done if it really wants to invest again with 50% of the profits obtained.
because of course we all hope that more and more investment will automatically produce optimal values.
Yeah, that's why I reinvest 50% of the profits instead of 100% of the profits. I follow a plan for that, in my plan I wait to see some profits within a week or a month and when I get the profit I then withdraw 50% of it and reinvest the rest 50% again to increase my future profits.
The more capital you have in your investment account the more profit you can make that's something which very few people can understand. Also withdrawing will help you to reduce the risks because you always need to have cash with you and that's why reinvesting 100% might not be a good choice in my eyes.
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Yeah, that's why I reinvest 50% of the profits instead of 100% of the profits. I follow a plan for that, in my plan I wait to see some profits within a week or a month and when I get the profit I then withdraw 50% of it and reinvest the rest 50% again to increase my future profits.
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me too, I also reinvest 50% the profits and use 50% to fulfill my needs.
Because invest in crypto is my way to gain profit as another income.
So, I always thank you crypto, I have another income from crypto.
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]me too, I also reinvest 50% the profits and use 50% to fulfill my needs.
Because invest in crypto is my way to gain profit as another income.
So, I always thank you crypto, I have another income from crypto.
Well, this is a very smart step to get a lot of profit from cryptocurrency, from what you are doing it looks like you have a job that has a fairly large salary so that for you the money in cryptocurrency is not really used in the near future because you already have money from real work, My advice is that you can collect as much money in cryptocurrency as you can as long as it is easy to find it.
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Yeah, that's why I reinvest 50% of the profits instead of 100% of the profits. I follow a plan for that, in my plan I wait to see some profits within a week or a month and when I get the profit I then withdraw 50% of it and reinvest the rest 50% again to increase my future profits.
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me too, I also reinvest 50% the profits and use 50% to fulfill my needs.
Because invest in crypto is my way to gain profit as another income.
So, I always thank you crypto, I have another income from crypto.
I think we are all grateful to the world of cryptocurrencies for additional earnings. Yes, the idea of blockchain is great and we are doing something great, but we all have spending and the desire to earn, and the cryptocurrency world gives us this opportunity. And that's great! At the same time, you can earn a percentage on exchanges, and it follows that even multiplying your capital by 10 or 100 times seems quite real.
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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?
Crypto currency market will have both profit and loss so I was in both profit and loss but currently I am in loss. Especially when the market went to 49 thousand just at the time I invested so I am currently in losses. But my long belief is that I will be in profit very soon.
If I am in profit then I use 50% of my profit personally and I reinvest the remaining 50%. I never reinvest my full profit.
Of course, profitability is an important factor in trading or investing because if you can't earn profit by investing, then there is no point in investing.
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~snip~
Wow, you have been in the market since 2015 and have bought BTC at a really cheap price, congratulations you have made a lot of profit from this market.
Actually, I became interested in cryptocurrencies back in 2014, but I only registered on the BTT forum in 2015, so I kind of take that as the time when I got into it all a little more seriously. In fact, I earned my first BTC from faucets, which at that time paid very handsomely if we look at the amount in satoshis - and with a good rotator and some active referrals, it was very easy to earn even 500 000 satoshis per day.
Those were good times for "cheap investments" even though at that time I never dreamed that Bitcoin would reach the value of several tens of thousands of $ and that in just over 2 years. If we take into account that some ten years ago 1 BTC was worth only a few hundred $, maybe today it is not too optimistic to say that in the next ten years it will be worth several hundred thousand $.
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- 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. I have had big and very big profits in the crypto market: ICO 2017 and bullrun 2021 both brought profits of thousands of dollars.
2. I regret that I missed many profit-taking opportunities in the past, many profits even turned into losses 😭
3. Missing profit-taking opportunities helps me better understand the market, the nature of this financial game and have better plans in place in 2025 to protect profits 💪
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- Have you ever been profitable and taken profits in the crypto market?
Yes of course, as long as you are investing and hodling, there must be a point in time that your bitcoin investment will be profitable. Taking profit is a norm for investors, because this is the reason why we are investing for profit sake.
- How did you use that profit? Do you use that profit or reinvest it?
I must be real here. I have never thought of reinvesting my profit, because I didn't sell all my bitcoin, but I took only little profit, to take care of some important issues.
- Do you think using profits is also important for your investment journey?
Of course, yes. Using the profit is very important, because we will all spend out profits someday, no matter how long we keep the profit to generate more profit. We will definitely spend it to take care of our heart desires.
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Wow that's wonderful of you, when you are spending wisely there's nothing else to worry about as long as you are not spending wrongly.
IMO profits are meant to be spent so when you have the profits you have to spend it responsible so that you will not have to regret after the profits is gone.
I can tell that your daughter is very happy to have iPad which she already needs ibit, as a bitcoiner what makes you are good one is how you have used your profits when you use them very well you can also get more of profit but you don't have to be worried when Bitcoin is dropping in price as it will increase again. Although many Bitcoiners are doing the same but you don't have to always get sad when Bitcoin is dropping.
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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. Of course, I have ever got profits from trading or investing in crypto coins. But there are some coins that I regretted, I didn't sell the coins at the right time. I just keep holding and the prices decreased too much now.
2. Some profits I used to buy again crypto coins. But some profits I converted to fiats and I used it to fulfill my needs.
3. It is important to use the profits in the right way. We must use some profits for investing again. But we don't forget to use some of the profits to enjoy it. There should be profits that we can use for paying goods or services for our daily life.
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Yeah, that's why I reinvest 50% of the profits instead of 100% of the profits. I follow a plan for that, in my plan I wait to see some profits within a week or a month and when I get the profit I then withdraw 50% of it and reinvest the rest 50% again to increase my future profits.
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me too, I also reinvest 50% the profits and use 50% to fulfill my needs.
Because invest in crypto is my way to gain profit as another income.
So, I always thank you crypto, I have another income from crypto.
By dividing our assets as you said, it is very good so that we differentiate capital money and profits so that we know our income every time we get a profit from the coins we invest.
In investing we have to be smart in managing our assets well so that in the future we will still be alive in the future and to be a professional investor you have to be smart in the world of crypto and also have to know a lot about market trading.
In my opinion, in investing we have to be consistent and have a target and have a strategy in trading, what do you think?
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Have you ever been profitable and taken profits in the crypto market?
Yes, I did take some profits, it's because it's necessary as I the money is going for my kids college and so I have to take some from my portfolio, but it's all good.
How did you use that profit? Do you use that profit or reinvest it?
As I have said for tuition fee, she is in her first year of dentistry, and it's a expensive college degree, nevertheless, I'm willing to go and take a sacrifice as long as she graduated and finished this 6 year course.
Do you think using profits is also important for your investment journey?
If it is necessary then yes, just used or profits wisely and we all be good here in our crypto journey. Of course, there are ups and downs in our investment, as there are bull and bear cycle. But the most important thing is that as we grow here, we learn when to invest, DCA and stack sats and look for the future.
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I want to answer the question in this thread ?
How do you use profits from the crypto market?
I have used my profit from crypto, 75% I will buy altcoin to add my assets collection before bullish, and 25% profit I will use to fulfill my needs in my real life. Because I have many needs and my salary from my job doesn't fulfill enough.
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me too, I also reinvest 50% the profits and use 50% to fulfill my needs.
Because invest in crypto is my way to gain profit as another income.
So, I always thank you crypto, I have another income from crypto.
It's good to know that someone else does the same thing that I do. It's great to hear that. Yeah, we are in crypto because we all want to earn profits and make money out of it, and at the same time we love the technology behind it. We all should be thankful to crypto-currencies because they have helped so many of us to live life free from financial issues. Thanks to crypto from my side as well.
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me too, I also reinvest 50% the profits and use 50% to fulfill my needs.
Because invest in crypto is my way to gain profit as another income.
So, I always thank you crypto, I have another income from crypto.
It's good to know that someone else does the same thing that I do. It's great to hear that. Yeah, we are in crypto because we all want to earn profits and make money out of it, and at the same time we love the technology behind it. We all should be thankful to crypto-currencies because they have helped so many of us to live life free from financial issues. Thanks to crypto from my side as well.
It is a very appropriate choice to continue to allocate a portion of crypto income, returning it for crypto investment, and of course we should enjoy part of it because it is the result of the efforts that have been made so far.Of course, there is a sense of satisfaction in being able to produce and use these results.We have to admit that with the existence of crypto, many people are helped by the results of this investment, although of course it is still not used as a main source of income as long as we still have a permanent job.
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me too, I also reinvest 50% the profits and use 50% to fulfill my needs.
Because invest in crypto is my way to gain profit as another income.
So, I always thank you crypto, I have another income from crypto.
It's good to know that someone else does the same thing that I do. It's great to hear that. Yeah, we are in crypto because we all want to earn profits and make money out of it, and at the same time we love the technology behind it. We all should be thankful to crypto-currencies because they have helped so many of us to live life free from financial issues. Thanks to crypto from my side as well.
me too, I also very thank for crypto. It's good investmen. Participate in bounty campaign also worth, especially signature campaign paid BTC or top coins. Do trading and holding , I have done since 2016. It's really helpful my financial. Because I have business which sometimes quiet. So, crypto is helpful enough.
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me too, I also very thank for crypto. It's good investmen. Participate in bounty campaign also worth, especially signature campaign paid BTC or top coins. Do trading and holding , I have done since 2016. It's really helpful my financial. Because I have business which sometimes quiet. So, crypto is helpful enough.
Sometimes we can't hide the fact that crypto has made a huge contribution to many people, and it seems like you're not the only one.
I also experience that sometimes crypto is helpful when experiencing difficulties and can help just like assets.
Currently, there are starting to be a lot of signature bounties that pay BTC. Of course, this is an opportunity to be able to invest directly in stages.
Wow, you are someone who has been involved with crypto for a long time. Of course, you have gained a lot of experience, so you can take the actions that need to be taken.
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First, if I can use my cryptocurrency earnings for the basic needs of my family to support, I can spend on daily needs, and the same can be saved for the future by holding crypto holdings for the bull run.
Besides that, I also allocate some cryptocurrency to day trading to get profit because we need to get earnings every day. It's hard to rely on just one source of income. This is the beauty of day trading in crypto; when you get earnings, you can cash out anytime.
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- Do you think using profits is also important for your investment journey?
Observing the good condition of the crypto market, everyone will try to earn profit by investing, but I don't think everyone will get that opportunity. But those who can earn profit and If the profit share can be added to the investment then there is a possibility of quick success. Moreover, the more profit an investor can earn, the more he or she can be motivated. Growing investments can certainly be a difficult for those who wait to grow their portfolio or investment volume by investing only their own money. It should be remembered that everyone invests only for profit. So if one can be profitable from the start then that will definitely be a plus point for him.
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I think that most of those who spend their profits on this forum on life and reinvestment will not have enough for more. Although in fact it is more correct to put profits into different baskets, i.e. purchase real estate, organize production, etc.But as I mentioned above, with our income this is hardly possible.
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So far, I am more doing holding. so my target is to wait for the bullish era. I several times did any trading, but this doesn't work very well. Sometimes, I could get the profits but more it is not. So, that is why getting profits for me seems like more to long term holding. Because I am not a high risk taker with day trades activities.
If this is for long term, I can keep my coins from top coins. So, the chance to gain profits later may be higher enough. I am going to use the profits to cash out and also for re0investing again in the bearish later.
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me too, I also very thank for crypto. It's good investmen. Participate in bounty campaign also worth, especially signature campaign paid BTC or top coins. Do trading and holding , I have done since 2016. It's really helpful my financial. Because I have business which sometimes quiet. So, crypto is helpful enough.
Yes. There are many jobs in crypto that we can get profits from them. It is not only trading and investing, we surely can get money from the campaign paid in BTC or in altcoins. I also participate in the campaign, I get some money monthly. It is great to know you have done the jobs since 2016. Well, however the main focus should be trading and investing. These are 2 major jobs people choose in crypto.
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Sometimes we can't hide the fact that crypto has made a huge contribution to many people, and it seems like you're not the only one.
I also experience that sometimes crypto is helpful when experiencing difficulties and can help just like assets.
Currently, there are starting to be a lot of signature bounties that pay BTC. Of course, this is an opportunity to be able to invest directly in stages.
Exactly. We can't deny that crypto brings some positive impacts for people around the world. Not only you to have the experience, I also have the experience about the good advantage of crypto. Sure, it is not always easy to invest or trade with crypto coins. Sometimes, it is a bit difficult because the market is very volatile and easy to change.
I also join signature campaign paid weekly with BTC. Well, this is the chance to add more our Bitcoin for holding a long time.
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First, if I can use my cryptocurrency earnings for the basic needs of my family to support, I can spend on daily needs, and the same can be saved for the future by holding crypto holdings for the bull run.
that is depend if how much you need to spend and how much you are earning because it is impossible to have them both if you are earning a little than how much you are gaining.
but that is the best interest in crypto that you can earn while you can spend and Hold.
Besides that, I also allocate some cryptocurrency to day trading to get profit because we need to get earnings every day. It's hard to rely on just one source of income. This is the beauty of day trading in crypto; when you get earnings, you can cash out anytime.
Daytrading is one of the hardest and riskiest but yeah if you can do that then you can earn more and more for the future.
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Daytrading is one of the hardest and riskiest but yeah if you can do that then you can earn more and more for the future.
Trading is risky, not easy to do. Because trading requires experience and skills in reading the market and learn the chart, candle etc. One year or two years is not enough to become a professional trader. That takes a long time.
From trading and holding, I have gained profit.
I used my profit from trading to pay my bill and buy basic needs in life.
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many people are helped by the results of this investment, although of course it is still not used as a main source of income as long as we still have a permanent job.
Very true, crypto has helped many people to be financially stable and each years thousands of people are adopting crypto to change their financial condition.
It's one of the best kind of investments in our era and we are lucky that we found about it because without it most of us would still be struggling even this day.
I agree that crypto doesn't replace our permanent physical jobs but for a few people it does that as well. Some people took retirement earlier because they got wealthy from crypto investments
Do trading and holding , I have done since 2016. It's really helpful my financial. Because I have business which sometimes quiet. So, crypto is helpful enough.
It's good to hear that you are also into crypto since 2016 because I also started my crypto journey in 2016 and I was lucky enough to find Bitcointalk in that year. It has really helped me a lot to live a better life and still I'm happy that I became part of the community. It was the best decision of my life. Although, I also have other businesses but I still prefer crypto over the other businesses because it's much better than the other businesses.
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- 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?
How to invest in crypto. At least we can at least return our capital, secure the capital first if I do. Because at least if there is a small profit later, that will be a further target. Not only that, if we have got our capital back, we will be calmer about continuing our investment. and we can even use the profits from the investment to invest again in that or other coins, according to our respective strategies.
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- 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?
How to invest in crypto. At least we can at least return our capital, secure the capital first if I do. Because at least if there is a small profit later, that will be a further target. Not only that, if we have got our capital back, we will be calmer about continuing our investment. and we can even use the profits from the investment to invest again in that or other coins, according to our respective strategies.
If your capital back, you should add your coin collection to make big profit. When I got profit from crypto I will buy more several potential coins and hold it. I also used my profit to buy something in my life. but only 50%.
I used 50% of my profit to buy more coins, because I will hold my coins until 2025.[/list]
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How to invest in crypto. At least we can at least return our capital, secure the capital first if I do. Because at least if there is a small profit later, that will be a further target. Not only that, if we have got our capital back, we will be calmer about continuing our investment. and we can even use the profits from the investment to invest again in that or other coins, according to our respective strategies.
What a smart strategy when preserving capital and continuing to invest with profits from the market! I believe it helps you control your psychology better by no longer worrying too much about losses when your capital is in stablecoins, not in highly volatile tokens. Too greedy investors often lose both profits and capital when placing unreasonable expectations on the market's development potential. For example, in 2021 many investors waited for BTC to reach 100K USD and missed the opportunity to sell BTC in the price range above 60K USD.
If your capital back, you should add your coin collection to make big profit. When I got profit from crypto I will buy more several potential coins and hold it. I also used my profit to buy something in my life. but only 50%.
I used 50% of my profit to buy more coins, because I will hold my coins until 2025.
I think each person will have an allocation ratio that suits their own risk and profit criteria. During the uptrend, I can use 100% of capital + profit to invest in another potential project. During the downtrend, I will keep my capital and part of my profits in stable coin and wait for the cheaper price to DCA BTC.[/list]
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I did used my profits in the market and that's why I am enjoying it with what I have today. Before, you can't imagine that this is very possible and now that the world has evolved in terms of technology and finance, it became possible which is the impossible before.
I've spent my profits into buying other investments too so that it will grow me money and gonna produce another source of profit for me. But right now, I'm keeping Bitcoin and waiting for the bull.
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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?
- Yes, I have my fair share of profits in crypto space. When you are here for quite some time, then there should be a relatively good reason why you have stayed this long. I have been dealing with cryptocurrency and bitcoin late in 2015 or early in 2016 (as far as I could remember), and one of the reason why I stayed this long, it's because I find a good opportunity of ROI than other form of investments.
- It should always be wise to use your profit to reinvest and diversify to further increase your chances of making greater ROI. But there's always some instances where you gotta need to spend it somewhere else outside the investment plans.
- Always! Learning how utilize your profit means unlimited opportunity of making more money. You might lose some and gain some, but the experience you get in investing to several project will bring you closer and closer to gains than lossing.
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First, if I can use my cryptocurrency earnings for the basic needs of my family to support, I can spend on daily needs, and the same can be saved for the future by holding crypto holdings for the bull run.
Besides that, I also allocate some cryptocurrency to day trading to get profit because we need to get earnings every day. It's hard to rely on just one source of income. This is the beauty of day trading in crypto; when you get earnings, you can cash out anytime.
Mate, it is really good to know that your family is your top priority, there are not many people who give their family and loved ones importance, and whenever I see someone like you, I try to appreciate them to give them moral support.
your second strategy is also very good, putting a small amount from extra funds in trading to earn extra profit for future use is very smart move. but trading have risks which you should be aware of. and also need good skills and understanding of market and candles, i hope you know all of them already.
So how is your trading goin so far? have you made any profit yet?
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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?
Yes, in 2021 I got a significant profit from Bitcoin and a few other altcoins which I was able to put the money into a good use. I did not reinvest my profit because I used the money for a goal which was set and also some unplanned spending until the money got exhausted but when the bear market market started in 2022, I was able to also invest and acquired some fractions of Bitcoin from the savings I have managed to keep. I have only been stacking up slowly since 2022 till now.
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Yes, in 2021 I got a significant profit from Bitcoin and a few other altcoins which I was able to put the money into a good use. I did not reinvest my profit because I used the money for a goal which was set and also some unplanned spending until the money got exhausted but when the bear market market started in 2022, I was able to also invest and acquired some fractions of Bitcoin from the savings I have managed to keep. I have only been stacking up slowly since 2022 till now.
The events of that year provided a lot of profit for those who were able to take advantage of price movements, which had very significant movements. When your choice is Bitcoin, then by now you should have made a lot of profit from the increase in the price of Bitcoin, which is already this expensive. Collect Bitcoin as a place to store money for the long term. long, and after the price rises, you can take a profit by selling at a high price.
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I bought Bitcoin when its price was 25,000. The income was already more than 100%. I hope that the price will continue to rise and I will make even greater profits. Bitcoin is a long-term investment for me.
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I bought Bitcoin when its price was 25,000. The income was already more than 100%. I hope that the price will continue to rise and I will make even greater profits. Bitcoin is a long-term investment for me.
Your profit today is 100% guaranteed because you entered the market at the right time and invested. If you invest in the market at the right time, you will definitely get good profit and if you invest and hold it for a long time, then the amount of profit will be more. You have invested 25 thousand dollars in time and invested for a long time in stocks which today the market is above 50 thousand dollars so you have almost doubled your profit. You can plan to hold for longer if you wish.
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I bought Bitcoin when its price was 25,000. The income was already more than 100%. I hope that the price will continue to rise and I will make even greater profits. Bitcoin is a long-term investment for me.
Good timing and of course the patience you have there. No doubt you will reap the maximum profit in the near future if you can also get to sell it on Bitcoin's new peak. Lucky for you you have made that far mate.
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- Yes, I have my fair share of profits in crypto space. When you are here for quite some time, then there should be a relatively good reason why you have stayed this long. I have been dealing with cryptocurrency and bitcoin late in 2015 or early in 2016 (as far as I could remember), and one of the reason why I stayed this long, it's because I find a good opportunity of ROI than other form of investments.
- It should always be wise to use your profit to reinvest and diversify to further increase your chances of making greater ROI. But there's always some instances where you gotta need to spend it somewhere else outside the investment plans.
- Always! Learning how utilize your profit means unlimited opportunity of making more money. You might lose some and gain some, but the experience you get in investing to several project will bring you closer and closer to gains than lossing.
I've only followed the market, haven't invested much yet, so I don't have much profit. Last year, I got some DCA and sold it because I needed more money for work. The profit was a little, but I was happy because the first investment made a profit. I hope the beginning goes well.
I think investing is to create profit, profit for life is too good, you can't burn all capital and profit into a never-ending investment circle. I only need x2 to exit capital, then use the profits to continue investing without worrying too much!
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- Yes, I have my fair share of profits in crypto space. When you are here for quite some time, then there should be a relatively good reason why you have stayed this long. I have been dealing with cryptocurrency and bitcoin late in 2015 or early in 2016 (as far as I could remember), and one of the reason why I stayed this long, it's because I find a good opportunity of ROI than other form of investments.
- It should always be wise to use your profit to reinvest and diversify to further increase your chances of making greater ROI. But there's always some instances where you gotta need to spend it somewhere else outside the investment plans.
- Always! Learning how utilize your profit means unlimited opportunity of making more money. You might lose some and gain some, but the experience you get in investing to several project will bring you closer and closer to gains than lossing.
I've only followed the market, haven't invested much yet, so I don't have much profit. Last year, I got some DCA and sold it because I needed more money for work. The profit was a little, but I was happy because the first investment made a profit. I hope the beginning goes well.
I think investing is to create profit, profit for life is too good, you can't burn all capital and profit into a never-ending investment circle. I only need x2 to exit capital, then use the profits to continue investing without worrying too much!
You got that nice strategy that works on you mate and yeah it's worth the sacrifice. In previous years I haven't had the good investment as well because I am busy on different things other than crypto but now I am into DCA and I wish it will bring good news in the near future.
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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 I have been profitable, but hadn't taken out any profits yet in all of my crypto holdings. I believe that we aren't still in the bull run yet, and I also have to selling price targets where I will automatically sell all of my holdings if it reaches that price. I had an opportunity in 2021 to take profits, but I chose not to. Turned out to be one of the worst decisions I've made, and I'll never do it again.
2. Re-invest. I don't take out profits just because I need to buy something that I want or need. As much as possible, I would like to re-invest it into different assets and in that way, I'm building my wealth little by little for the long run.
3. Yes for many reasons. Whether you want to reward yourself, or you want to buy something that you need, or you need to pay something through your profits. Using profits for something that you want is still important. I mean that might take away the opportunity to earn more, but if you're working then I guess you can just gain that money again, right?
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I bought Bitcoin when its price was 25,000. The income was already more than 100%. I hope that the price will continue to rise and I will make even greater profits. Bitcoin is a long-term investment for me.
You have bought bitcoin on right time and now you can easily take profit from it but if you wait for some more months then your profit will be more than this so I will suggest that keep holding your bitcoin because halving is near.
I think that bitcoin should not be buy for short term because we have previous history about Bitcoin's success so we will not see huge dump for longer but so I think if you sell your bitcoin during or after halving then you can change your life very easily by altering your economy.
You have now profit double of your invested amount because you invest at 25k$ and now the price is 52k$ and surely it will go more higher in near future due to specific events.
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I bought Bitcoin when its price was 25,000. The income was already more than 100%. I hope that the price will continue to rise and I will make even greater profits. Bitcoin is a long-term investment for me.
You have bought bitcoin on right time and now you can easily take profit from it but if you wait for some more months then your profit will be more than this so I will suggest that keep holding your bitcoin because halving is near.
I think that bitcoin should not be buy for short term because we have previous history about Bitcoin's success so we will not see huge dump for longer but so I think if you sell your bitcoin during or after halving then you can change your life very easily by altering your economy.
You have now profit double of your invested amount because you invest at 25k$ and now the price is 52k$ and surely it will go more higher in near future due to specific events.
In my opinion, the main task is also to sell your assets profitably, and this moment can be unexpectedly missed. How to find out what the highest price for Bitcoin will be. although if you take into account the cost of purchase, then the profit will definitely be.
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I use some of the profits from cryptocurrencies to meet my needs, some to repurchase, and some to invest in new projects. I use it for general purposes, but the majority of the money stays in the market because I believe that this market will grow. However, I must admit that I have not been making very good profits lately. My earnings have been very low lately because I am afraid to take risks. I think we are in a slightly uncertain market...
Right now we're just waiting for that,
Many investors hold their assets and wait for the bullish season. So, we didn't gain profit yet. But If you want to earn profit you can do trading.
I have used my profit to buy bitcoin and atcoin again. Maybe after being bullish I will buy a house from my profit.
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If you have enough money to spend, then different areas of your spending will come before you. We earn money to spend money in various sectors. If we have gained money by investing or trading, then different ways of spending that profit money will come before us. Always remember that your expenses depend on your income. In any month you earn twice as much money as the previous month, in that month you want to buy a good brand of watch, you want to buy a good perfume, but when you have no income, these desires will not come to you. As I spend money from alternative sources of income for the family, the amount I earn from trading I use as capital for the next business.
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- Do you think using profits is also important for your investment journey?
It depends, some people didn't reinvest their profit. All their earnings from their investment they used them to cover up their daily needs. Meaning they only keep using their capital to invest. These kind of people are very contented for what they have, they are not aiming so much for money because all they want is to just sustain their daily life. And I like that kind of mindset because I see them as very disciplined person. Those people who aim so much for profit and keep reinvesting are just putting their investment into danger and that's why people loses a lot.[/list]
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You have bought bitcoin on right time and now you can easily take profit from it but if you wait for some more months then your profit will be more than this so I will suggest that keep holding your bitcoin because halving is near.
Agree bro, he bought at the right time, I also bought Bitcoin at $ 20K, as I remember at the end of 2022 and still holding it. I think Investing is do at the right time and also the right choice. Bitcoin is the answer And buy during bearish season, and hold until the bullish season then sell it...
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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?
I had experienced with all points above when trading in cryptocurrency, some time after taking profit and use half of my profit for reinvesting and left half profitable for withdrawing.
Trading in cryptocurrency ever with loss and profit position, actually more dominance with profitable I earned but some time market can't accurate predicting have to make cut loss.
All trader achievement is earn much profit in trading, I think their goals when investing in crypto how to earn profit and not any trader won't losses from their trading.
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I had experienced with all points above when trading in cryptocurrency, some time after taking profit and use half of my profit for reinvesting and left half profitable for withdrawing.
Trading in cryptocurrency ever with loss and profit position,
It's a good experience, same like what I did ever win the trading and gained profit. I will reinvesting in 50% and withdraw 50 % to fulfil my needs. Because trading is another income, I always do training and investing. When the market is good, so busy I will do trading.
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It's a good experience, same like what I did ever win the trading and gained profit. I will reinvesting in 50% and withdraw 50 % to fulfil my needs. Because trading is another income, I always do training and investing. When the market is good, so busy I will do trading.
Need to make balance financial condition although investing in cryptocurrency has promising with profitable we need has money in our bank account to protect if get emergency. Beside need saving fund we must prepare with our needed until one years later if market crash and we must be long term holding.
Don't all in your profitable in trading to reinvesting, need to use or withdrawing more than 50% profitable as saving fund and become our daily needed in the future. Have to fill our bank or saving fund more than one or two years money needed before allocating to investment fund.
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It's a good experience, same like what I did ever win the trading and gained profit. I will reinvesting in 50% and withdraw 50 % to fulfil my needs. Because trading is another income, I always do training and investing. When the market is good, so busy I will do trading.
Need to make balance financial condition although investing in cryptocurrency has promising with profitable we need has money in our bank account to protect if get emergency. Beside need saving fund we must prepare with our needed until one years later if market crash and we must be long term holding.
Don't all in your profitable in trading to reinvesting, need to use or withdrawing more than 50% profitable as saving fund and become our daily needed in the future. Have to fill our bank or saving fund more than one or two years money needed before allocating to investment fund.
In some situations, people invest not only in cryptocurrency but also in real business. This is a kind of guarantee and stability for the future. in this case, it will not be possible to avoid using a bank account. But nevertheless, you can use a bank account for everyday life and replenish it exactly as much as you need for a certain period.
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In some situations, people invest not only in cryptocurrency but also in real business. This is a kind of guarantee and stability for the future. in this case, it will not be possible to avoid using a bank account. But nevertheless, you can use a bank account for everyday life and replenish it exactly as much as you need for a certain period.
When investing in a real business, you have a clear view, and of course you can see the objects you own in the real world, so it will be safer when investing in the real world, but when investing in cryptocurrency, everything is digital. When the paper money you put in cryptocurrency immediately changes to digital, it could be said that your money is more at risk of being lost if you make the wrong decision. This is why cryptocurrency requires very high accuracy when deciding something.
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Actually crypto market is unpredictable market. Some times we can take profit and some times we lose our valuable fund. But who are experienced here he will be profitable most of the time.
I am also in crypto near about 10 years. Some times i profited from this market. So when i get profit then i reinvest that 30%-50% maximum time and others part of profit i withdraw to fulfil my basic need.
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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?
I use my profits from cryptocurrencies to help my father pay for college because my parents are not paying for college.
I also use this profit to invest more, I mean hold it forever because I know cryptocurrency (especially Bitcoin) has a limited supply.
I believe more in HodL because just like I save in digital assets and that's why I choose Bitcoin for HodL.
Oh yes, one more thing, soon I will graduate from college and maybe later the Bitcoin that I hold will be withdrawn for my college graduation fees, I also don't want to pass on the college graduation fees to my parents.
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To balance those negative emotions, I always spend 50% of my profits from the crypto market to spend on family needs, usually buying gifts for members. The biggest joy I can mention is that in the previous cycle, I took profits in BTC and used the profits to buy a new iPad for my daughter to use. She loves it and even named the Ipad as "iBit" because I told her: the Ipad is gift from Bitcoin (and not from BTC Spot ETF of BlackRock). Don't worry, I still don't want to teach her DCA BTC, her childhood needs to be protected ;D
What you did was right. There is no need to force yourself to use all profits to be able to reinvest them in the market. You can use part of the profits to buy the things you want and use the other part for reinvestment, and that's okay. Personally, as long as there is nothing urgent, I usually use the profits to buy goods or reinvest all the profits. Because I use the DCA method, I am not too burdened to invest again and again using the profits I have earned, so I can freely use these profits at some time.
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I am also in crypto near about 10 years. Some times i profited from this market. So when i get profit then i reinvest that 30%-50% maximum time and others part of profit i withdraw to fulfil my basic need.
A wise move, because then the crypto market will not be able to reclaim those profits from you. At the same time, you will not have to manage a large amount of capital, have less pressure and better psychological control, make more accurate decisions and earn more profits from the market!
I use my profits from cryptocurrencies to help my father pay for college because my parents are not paying for college.
I also use this profit to invest more, I mean hold it forever because I know cryptocurrency (especially Bitcoin) has a limited supply.
I believe more in HodL because just like I save in digital assets and that's why I choose Bitcoin for HodL.
Oh yes, one more thing, soon I will graduate from college and maybe later the Bitcoin that I hold will be withdrawn for my college graduation fees, I also don't want to pass on the college graduation fees to my parents.
You are so strong, I think your parents definitely had less worries when you were able to control your finances during college. Keep trying because your time in college has provided you with personal financial management knowledge. Hope you will accumulate a lot of BTC to sell when the BTC price will reach your target.
Personally, as long as there is nothing urgent, I usually use the profits to buy goods or reinvest all the profits. Because I use the DCA method, I am not too burdened to invest again and again using the profits I have earned, so I can freely use these profits at some time.
Experience has taught me that DCA is the perfect strategy to control psychology and allocate capital effectively. DCA will generate profits slowly and you will have plenty of time to make decisions, capital will be used appropriately to generate profits while not facing too much risk. If you use all your capital + profits to DCA, you will soon accumulate a lot of tokens!
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Can't guarantee with profitable in cryptocurrency consistent every day or every week, its most important for me how to manage well allocated with profit earn from crypto withdrawing above 50%. I use as emergency fund or saving assets for daily needed one month later if market condition not help more to earn profit with short term trading.
Need to quit well manage when earning much profitable from cryptocurrency, its not wrong when reinvesting from profitable earned but keep spending around 40% for withdrawing when market difficult to raise up and our position stuck have to hold for long term price recovery.
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Can't guarantee with profitable in cryptocurrency consistent every day or every week, its most important for me how to manage well allocated with profit earn from crypto withdrawing above 50%. I use as emergency fund or saving assets for daily needed one month later if market condition not help more to earn profit with short term trading.
Need to quit well manage when earning much profitable from cryptocurrency, its not wrong when reinvesting from profitable earned but keep spending around 40% for withdrawing when market difficult to raise up and our position stuck have to hold for long term price recovery.
I can assume that you have a quite flexible investment and profit strategy to protect capital and maximize profits from the crypto market through short-term trading and long-term holding, depending on market status. I think you are a professional investor and are making stable profits in the long term ;D
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Can't guarantee with profitable in cryptocurrency consistent every day or every week, its most important for me how to manage well allocated with profit earn from crypto withdrawing above 50%. I use as emergency fund or saving assets for daily needed one month later if market condition not help more to earn profit with short term trading.
Need to quit well manage when earning much profitable from cryptocurrency, its not wrong when reinvesting from profitable earned but keep spending around 40% for withdrawing when market difficult to raise up and our position stuck have to hold for long term price recovery.
For the last 5 years I have used 75% profit to buy assets for both trading and holding profits. 25% for additional living expenses. Because the income from daily trading is also small when it is bearish, I took several profit holdings several times.
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I don't use the profits at all. I am waiting for a further increase in the price of the Bitcoin I purchased earlier. But I actively trade cryptocurrency with my broker on Forex along with other currency pairs. I always withdraw this profit. fxopen withdraws profits very quickly.
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Can't guarantee with profitable in cryptocurrency consistent every day or every week, its most important for me how to manage well allocated with profit earn from crypto withdrawing above 50%. I use as emergency fund or saving assets for daily needed one month later if market condition not help more to earn profit with short term trading.
Need to quit well manage when earning much profitable from cryptocurrency, its not wrong when reinvesting from profitable earned but keep spending around 40% for withdrawing when market difficult to raise up and our position stuck have to hold for long term price recovery.
Yeah, different individuals, different results. There could be others selling at the profit and re-investing on other assets. There could be just waiting for the right time to buy again. Or maybe uses the profits for the education of their children or at least bring good life for their family.
The most important thing is that crypto has given us so much financial freedom. Yes, it's a cycle, but if we have been here long enough, we know how to manage everything, how to make profits and then just repeat it over and over again.
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The crypto market is warming up after the recovery of BTC and many Altcoins, the community is talking about expectations, about new ATHs in 2024 and 2025. It seems like everyone is very optimistic, very excited to think about a good future in this crypto market. Everyone is thinking about the profits they will have after this cycle, and I'm sure everyone has a plan to use those profits most effectively.
I also have a lot of plans, but other than reinvesting in the market during the crypto winter to buy more tokens and get more profits in the next cycle, I think profits from the crypto market should bring positive values to my real life.
I know that this crypto market is really potential and creates extremely large profits in the uptrend. A token's price increase of 1000% in an uptrend year is considered a weak increase and not an effective investment in the crypto market, stock investors are always surprised about this. But the market also contains many risks and creates pressure when investing, holding and trading. Many investors I know have looked much older after just 1 cycle in this market. It would be bad if profits continued to put more pressure on their lives, we only have 1 life to live ::)
I am not a professional investor, I DCA so there is less pressure. But to be honest, I still cannot escape all the negative impacts of the market. I hold BTC and I'm happy when the BTC price increases, I'm sad when the BTC price drops, even though I have determined to hold BTC for 1-2 years and will not sell regardless of any fluctuations during that time. I think many other investors also have similar feelings, things will be worse for traders participating in Margin and Future!
To balance those negative emotions, I always spend 50% of my profits from the crypto market to spend on family needs, usually buying gifts for members. The biggest joy I can mention is that in the previous cycle, I took profits in BTC and used the profits to buy a new iPad for my daughter to use. She loves it and even named the Ipad as "iBit" because I told her: the Ipad is gift from Bitcoin (and not from BTC Spot ETF of BlackRock). Don't worry, I still don't want to teach her DCA BTC, her childhood needs to be protected ;D
I know this joy is very small for many others, but it is big enough to give me more motivation to try harder in this market. There's nothing better than when profits from the crypto market become the joy of the person I love the most :-*
I know many people who enter the market and are very successful, they have huge profits but all they do is invest. They almost forget that they also need to spend and use the profits from the crypto market to make their lives better.
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?
It really depends on the individual and the amount of financial goals. It's by choice some make cash out their profits and spend on something meaningful or useless some people will choose to buy house, car or invest again for more profits or invest in othe businesses. Some may use their money to support the less privilege or organization. It all depends on the individual and their choice.
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It really depends on the individual and the amount of financial goals. It's by choice some make cash out their profits and spend on something meaningful or useless some people will choose to buy house, car or invest again for more profits or invest in othe businesses. Some may use their money to support the less privilege or organization. It all depends on the individual and their choice.
You are right, it all depends on each individual in spending the crypto money. If I use crypto profits to buy back crypto and partly to buy assets in the real world, this year's bullish results I plan to buy property. this makes me hold my coins until they touch the new ATH.
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Yeah, different individuals, different results. There could be others selling at the profit and re-investing on other assets. There could be just waiting for the right time to buy again. Or maybe uses the profits for the education of their children or at least bring good life for their family.
The most important thing is that crypto has given us so much financial freedom. Yes, it's a cycle, but if we have been here long enough, we know how to manage everything, how to make profits and then just repeat it over and over again.
We all see cycles in BTC or DJ charts, and it seems easy to profit and get rich from the financial markets. However, these charts do not show us the pressure on investors when they have to endure losses, or continue to hold when they have profits, or the boredom when the market has no clear fluctuations.
Every investor wants to go all-in at the bottom and all-out at the top and repeat, but greed and fear do not allow them to carry out their original plans correctly. That is also the reason why I believe that using a portion of profits is necessary to ensure a long-term investment journey in the market.
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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?
Profit is very important because without it then most of us would not even be here...for as long as we are human beings we look at profits as rewards for the things we are doing and investing money with. Profits can be liken to incentives so we keep on going forward and will continue on dreaming of bigger things for our life, that of our family and our community. Now, that answers number three. On question number one, yes I think I am already profitable though there are also some losses along the way and for which I really learned big lessons from and on number two, I used the profits to invest with real estate and of course personal and family needs. Overall, the crypto industry has been good to me for the past several years and though I am already planning on diversifying I am not going to leave and will continue to be participating and even looking for opportunities (hopefully not getting ingo scams and frauds so am crossing my fingers!)
Hopefully have gained alot In the cryptocurrency space knowing the best one to build on.
When I gained profit I take my tp a ND reinvest on Coins with coins with great potentials and uniqueness, etc..
Note; when researching DYOR.
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Every investor tries to be profitable from his investment. If there is profit from the investment, then the investor must try to use the necessary money from that profit for his own needs and invest that profit in some other profitable business. But not everyone can be profitable. Some are more greedy despite making profits and at some point they face losses.
I made a small profit from the crypto market and reinvested it in another profitable venture. I know that if my money is spent on profitable purpose then I get opportunity to get more money from the investment. I will get a chance to reinvest in a project again.
Those who cannot earn profit from investment will lose interest in investment and at some point will turn away from investment. Of course, using that money to earn profit from the investment is an important factor.
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Every investor tries to be profitable from his investment. If there is profit from the investment, then the investor must try to use the necessary money from that profit for his own needs and invest that profit in some other profitable business. But not everyone can be profitable. Some are more greedy despite making profits and at some point they face losses.
I made a small profit from the crypto market and reinvested it in another profitable venture. I know that if my money is spent on profitable purpose then I get opportunity to get more money from the investment. I will get a chance to reinvest in a project again.
Those who cannot earn profit from investment will lose interest in investment and at some point will turn away from investment. Of course, using that money to earn profit from the investment is an important factor.
What business is more profitable than crypto, friend. I want to try to invest there from my crypto earnings. because so far I have only used profits from crypto to increase the number of crypto assets I own. because my business in the real world has not been able to produce greater results than crypto. I'm still looking for a suitable business.
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It really depends on the individual and the amount of financial goals. It's by choice some make cash out their profits and spend on something meaningful or useless some people will choose to buy house, car or invest again for more profits or invest in othe businesses. Some may use their money to support the less privilege or organization. It all depends on the individual and their choice.
You are right, it all depends on each individual in spending the crypto money. If I use crypto profits to buy back crypto and partly to buy assets in the real world, this year's bullish results I plan to buy property. this makes me hold my coins until they touch the new ATH.
A good move if you want to use your profits to buy property, I also did it when I was bullish before. For this year I don't have any plans to buy, maybe I will increase my crypto assets during the bearish season. but plans can change, if suddenly a friend offers me business next year.
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What business is more profitable than crypto, friend. I want to try to invest there from my crypto earnings. because so far I have only used profits from crypto to increase the number of crypto assets I own. because my business in the real world has not been able to produce greater results than crypto. I'm still looking for a suitable business.
So far, as far as I know, none of the businesses that immediately find and suit your personality, many of them try and persevere until finally when they go bankrupt and fail, it doesn't make them discouraged because no business can run smoothly, everything requires a process. To find a business that suits your skills, to start with you sometimes have to look for markets and customers first, because it will look big when many people are interested and want to buy your product every day.
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You are right, it all depends on each individual in spending the crypto money. If I use crypto profits to buy back crypto and partly to buy assets in the real world, this year's bullish results I plan to buy property. this makes me hold my coins until they touch the new ATH.
Building real-world assets is a great idea. A lot of people earn money and then spend it all without reinvesting it or at least a part of it on things that can be useful for them in the future. If you are earning $500 a week from your cryptocurrency trading activities, at least reinvest half of that money for your future and try to build different assets because as they say we should never put all our eggs in one basket.
So, one should buy property, invest in cryptocurrencies, invest in gold, maybe in stock market as well, and any other sector that they can think of and understand that they aren't wasting their money on it.
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Current Balran is going on. Almost everyone is profiting now. Now the market condition is very good. Those who are profiting are thinking of reusing their profit. Some can use this profit well, some can not. But if it is used in crypto market. It should be re-invested in a good project or coin and those who are skilled in trading will invest in trading. In this case, if they do not have enough knowledge about trading, they may lose money. And in terms of investment, they should invest in long-term projects and good coins. Which can be trusted to invest in. Again this money can be used for good business outside of the crypto market.
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So far, as far as I know, none of the businesses that immediately find and suit your personality, many of them try and persevere until finally when they go bankrupt and fail, it doesn't make them discouraged because no business can run smoothly, everything requires a process. To find a business that suits your skills, to start with you sometimes have to look for markets and customers first, because it will look big when many people are interested and want to buy your product every day.
Doing business really has to be tried because we can do analysis and research while trying out the business we are doing. The world of business is not easy, friends, we have to be careful, try and keep trying until we find the experience to make a profit and grow our business. In the crypto world, it's the same.
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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, often. Even now, if I want to sell it, then I have already profited from the Bitcoin market movements which are quite amazing recently.
2 - I reinvest some of the profits, and some I use for my needs such as food, clothes, bills and so on. This really eases my finances.
3 - Of course, we also need to smile with our activities. And using the money we manage to get is one of them.
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1 - Yes, often. Even now, if I want to sell it, then I have already profited from the Bitcoin market movements which are quite amazing recently.
2 - I reinvest some of the profits, and some I use for my needs such as food, clothes, bills and so on. This really eases my finances.
3 - Of course, we also need to smile with our activities. And using the money we manage to get is one of them.
Congratulations for believing in the future of BTC and profiting from the impressive price increase of BTC over the past year. Many investors are still afraid and hold on to USDT instead of investing in BTC at the bottom price zone. Greed makes them want to find the bottom to go all-in, but in the end they have to stand aside and watch BTC continuously create new ATHs in in recent days.
I support the concept of reinvesting part of your profits, when BitSeason ends we will probably have AltSeason, I hope you will choose the best Altcoins to get more profit from their growth. Are you particularly interested in any trends: Layer-2, DeFi, GameFi, RWA, DePIN, NFT, Metaverse?
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Have you ever been profitable and taken profits in the crypto market?
Yes of course, profit is profit.. .Not all the time you would really be holding because you could possibly missed out that opportunity and might be ending up
on having regrets.
How did you use that profit? Do you use that profit or reinvest it?
Diversify into other coins and the bigger part of it would be saving on accumulating Bitcoin.
Do you think using profits is also important for your investment journey?
Of course, we are here for that main reason which is to make profits.
You would really be doing all sorts of possible things as long it could give out that kind of chance.
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Have you ever been profitable and taken profits in the crypto market?
Yes of course, profit is profit.. .Not all the time you would really be holding because you could possibly missed out that opportunity and might be ending up
on having regrets.
How did you use that profit? Do you use that profit or reinvest it?
Diversify into other coins and the bigger part of it would be saving on accumulating Bitcoin.
Do you think using profits is also important for your investment journey?
Of course, we are here for that main reason which is to make profits.
You would really be doing all sorts of possible things as long it could give out that kind of chance.
Of course we have benefited from crypto, if it wasn't profitable I wouldn't have survived until now in the crypto world. I also diversified into several coins from my profits, as I intend to expand my crypto assets.
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An interesting discussion here, let me start by saying that, taking profit in crypto is actually very important, I mean, what exactly is the essence of reason for being here if we just keep reinvesting our profit without taking and withdrawing it, and using it to solve some of our real life problems?
Taking profit, cashing it to fiat and withdrawing to our local bank account for our consumption is the real joy of being in crypto, It gives the feeling that we are not here for child's play.
I myself do constantly take profit, sometimes on weekly basis, and sometimes monthly, this profit, I usually sell for fiat and withdraw it to my bank account, and I use the money to solve some of my real life problems, like some time in 2021, I needed a motor bike, i sold some of my bitcoin profits, withdrew the money and bought myself a bike, I and my family are still using and enjoying that bike till today, this are things that prove that we are making progress in crypto, making the profit and reinvesting it prove nothing until we can see the money with our eyes, touch it and be able to spend it.
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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, often. Even now, if I want to sell it, then I have already profited from the Bitcoin market movements which are quite amazing recently.
2 - I reinvest some of the profits, and some I use for my needs such as food, clothes, bills and so on. This really eases my finances.
3 - Of course, we also need to smile with our activities. And using the money we manage to get is one of them.
I am inclined towards crypto because I see the potential and also get profit from crypto. Everyone who decided to hold Bitcoin even 1 month ago has profited and everyone will try to use the profit. Some are thinking that Bitcoin will be a target of $100k or more for which they are trying to hold their holdings. Someone trying to use their profits to their advantage will try to reinvest those profits. I am in favour of withdrawing profits from investments. Because everyone needs money to meet their daily needs. I will be more motivated to invest when I can use my investment returns for something. This may not happen to everyone.
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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, often. Even now, if I want to sell it, then I have already profited from the Bitcoin market movements which are quite amazing recently.
2 - I reinvest some of the profits, and some I use for my needs such as food, clothes, bills and so on. This really eases my finances.
3 - Of course, we also need to smile with our activities. And using the money we manage to get is one of them.
I am inclined towards crypto because I see the potential and also get profit from crypto. Everyone who decided to hold Bitcoin even 1 month ago has profited and everyone will try to use the profit. Some are thinking that Bitcoin will be a target of $100k or more for which they are trying to hold their holdings. Someone trying to use their profits to their advantage will try to reinvest those profits. I am in favour of withdrawing profits from investments. Because everyone needs money to meet their daily needs. I will be more motivated to invest when I can use my investment returns for something. This may not happen to everyone.
Yeah we all have our own way of using our profits from crypto whether we reinvest or use it for our family's needs. What is important here is that we made profits regardless of ways and strategies we have. I think we deserve on whatever plans and positive results we got from this crypto industry. Just don't stop learning new ideas because I know earning is just a bonus from it.
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Daytrading is one of the hardest and riskiest but yeah if you can do that then you can earn more and more for the future.
Trading is risky, not easy to do. Because trading requires experience and skills in reading the market and learn the chart, candle etc. One year or two years is not enough to become a professional trader. That takes a long time.
From trading and holding, I have gained profit.
I used my profit from trading to pay my bill and buy basic needs in life.
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.
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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.
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I spend the profit I get from trading cryptocurrencies in various categories, but I use 50% of my profit for re-trading. I have a trading balance of $4000 in my portfolio and the profit from that balance I spend 50% of that profit on my personal and family support. Rest 50% I add to my balance for re-trading. However, in all cases, the profit does not come equally in trading. In some cases, if the profit does not come, that is, in the case of loss, I must add dollars to my portfolio balance from my profit.
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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.
Yes, I agree with your opinion because so far there are many places that can be used well to earn money from cryptocurrency, the most important thing is how you manage your time to always be active and try to find the right information to carry out tasks from airdrops and other campaigns.
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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.
Yes, I agree with your opinion because so far there are many places that can be used well to earn money from cryptocurrency, the most important thing is how you manage your time to always be active and try to find the right information to carry out tasks from airdrops and other campaigns.
Actually, the obstacle we face is the lack of time to do it, I am too busy in the real world to only be a holder and sometimes a trader in the crypto world. There is no time to participate in airdrops etc.
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I spend the profit I get from trading cryptocurrencies in various categories, but I use 50% of my profit for re-trading. I have a trading balance of $4000 in my portfolio and the profit from that balance I spend 50% of that profit on my personal and family support. Rest 50% I add to my balance for re-trading. However, in all cases, the profit does not come equally in trading. In some cases, if the profit does not come, that is, in the case of loss, I must add dollars to my portfolio balance from my profit.
A fairly effective investment strategy: balancing the use of profits for family and reinvestment to increase capital in order to generate greater profits in the future. I believe that you will not face any obstacles from your family when participating in the market, as they have seen the results of your work in this potential market. You will have the peace of mind to focus on trading and generating more profits.
Some of my friends are also traders, but currently they are only using their profits to hold top coins like BTC and ETH. They say that in an uptrend, holding provides better returns than intra-day trading.
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I usually pass the profits on to further trading on the CEX exchange, distribute the amount and wait for the right moment of profit raising and thus reduce the further development of trading and side purchases and participation in the development of the project as early support.
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I usually pass the profits on to further trading on the CEX exchange, distribute the amount and wait for the right moment of profit raising and thus reduce the further development of trading and side purchases and participation in the development of the project as early support.
So you sell tokens to take profits on CEXs, then wait for a better time to return to the market, invest in new projects with real potential to buy more tokens at low price in order to gain profit in the future when the project is successful and the token becomes extremely valuable. I think this is what every investor wants to do to optimize their profits in this market, only it is not easy to do for the average investor. Only investors with a lot of experience in market analysis can make accurate predictions and wise decisions, and they also need a little bit of luck!
I don't see you mentioning using some of the profits for external purposes, maybe you are an active investor and want to use all of your capital to maximize your profits from the potential of the crypto market!
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I usually pass the profits on to further trading on the CEX exchange, distribute the amount and wait for the right moment of profit raising and thus reduce the further development of trading and side purchases and participation in the development of the project as early support.
So you sell tokens to take profits on CEXs, then wait for a better time to return to the market, invest in new projects with real potential to buy more tokens at low price in order to gain profit in the future when the project is successful and the token becomes extremely valuable. I think this is what every investor wants to do to optimize their profits in this market, only it is not easy to do for the average investor. Only investors with a lot of experience in market analysis can make accurate predictions and wise decisions, and they also need a little bit of luck!
I don't see you mentioning using some of the profits for external purposes, maybe you are an active investor and want to use all of your capital to maximize your profits from the potential of the crypto market!
But there could be majority of us here who uses their profits outside of the crypto market and not just take it and then re-invest. There could be some emergencies in our life outside of crypto and we don't have a choice but to sell some because it's necessary.
That happen to me in the pandemic and like 203 years ago that I have to sell what I have accumulate in the bull run as my family needed some emergency money. But if in his case, it's all crypto then good for him.
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I want to hear from you:
- Have you ever been profitable and taken profits in the crypto market?
Yes I have recently I have some profit on ENA and as well as also from the SAGA coin both of them are new listed coins on Binance I do it for short-term luckily those project don't upset me.
- How did you use that profit? Do you use that profit or reinvest it?
It depends, depend on the situation but generally, I would like to increase my investment I have holding bitcoin for long term and some amount of those on 56k and I profited 2x from there.
- Do you think using profits is also important for your investment journey?
It is also depend on the situation. When to use the profit and when to re-invest the profit, no one will understand better than the investor on himself.
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It depends, depend on the situation but generally, I would like to increase my investment I have holding bitcoin for long term and some amount of those on 56k and I profited 2x from there.
It is also depend on the situation. When to use the profit and when to re-invest the profit, no one will understand better than the investor on himself.
Perhaps we are in an uptrend so everyone tends to use all of their profits to reinvest in order to get more profits in the future because the larger the capital, the greater the profit. That could be a wise decision, although I haven't taken any profits in this uptrend yet. I've been DCA BTC since the beginning of 2023 and will continue to buy BTC until the halving. I also think that after the halving, I can take some profits and invest in altcoins to get more profits in altseason.
But to be honest, I'm also afraid that I will lose the profits I've made over the past year. Investing is not just a hobby, its purpose is to make a profit, so I also want to use the profits for practical purposes like buying a gift for myself and my family.
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It depends, depend on the situation but generally, I would like to increase my investment I have holding bitcoin for long term and some amount of those on 56k and I profited 2x from there.
It is also depend on the situation. When to use the profit and when to re-invest the profit, no one will understand better than the investor on himself.
Perhaps we are in an uptrend so everyone tends to use all of their profits to reinvest in order to get more profits in the future because the larger the capital, the greater the profit. That could be a wise decision, although I haven't taken any profits in this uptrend yet. I've been DCA BTC since the beginning of 2023 and will continue to buy BTC until the halving. I also think that after the halving, I can take some profits and invest in altcoins to get more profits in altseason.
But to be honest, I'm also afraid that I will lose the profits I've made over the past year. Investing is not just a hobby, its purpose is to make a profit, so I also want to use the profits for practical purposes like buying a gift for myself and my family.
We are in a bull run, so I don't see why would you be afraid to lose profits. And all in all, it's just paper lost if you are not actually selling when the price goes down. I do agree that this is serious and not be treated as a hobby.
In the beginning, well yeah you can say that, but for me I have been involved early 2017 so I have learn a lot of lessons already, like accumulating on certain time and what method to used (DCA). Then take profit from time to time when we need it and buy something to enjoy our lives or improved it or even put it aside for the education of our kids, for their bright future and they could be the next set of crypto investors.
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We are in a bull run, so I don't see why would you be afraid to lose profits. And all in all, it's just paper lost if you are not actually selling when the price goes down. I do agree that this is serious and not be treated as a hobby.
In the beginning, well yeah you can say that, but for me I have been involved early 2017 so I have learn a lot of lessons already, like accumulating on certain time and what method to used (DCA). Then take profit from time to time when we need it and buy something to enjoy our lives or improved it or even put it aside for the education of our kids, for their bright future and they could be the next set of crypto investors.
I got many benefits from investing in crypto. I can buy property and several other assets. I've been investing in crypto for about 10 years, although that doesn't mean I know much about crypto. because I'm just a holder and still learning to do short and medium term trading.
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I got many benefits from investing in crypto. I can buy property and several other assets. I've been investing in crypto for about 10 years, although that doesn't mean I know much about crypto. because I'm just a holder and still learning to do short and medium term trading.
This is a great job that you are utilizing crypto benefit to be involved in some other investment sources. There are also many individuals who are taking benefit from crypto but they are using it to buy unnecessary things which is not needed in reality so this is not a good job in my opinion.
I think one should divide his investment profit and some part should be used for another investment, some for crypto investment and remaining should be utilize for managing and fulfilment of your dreams.
You are holding from 10 years so i think if you are not an expert of trading but you will surely be knowledgeable about holding and timing of buying and selling so with such mind you can go ahead with successful future.
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I got many benefits from investing in crypto. I can buy property and several other assets. I've been investing in crypto for about 10 years, although that doesn't mean I know much about crypto. because I'm just a holder and still learning to do short and medium term trading.
When you have made a profit from investing in cryptocurrency then you are very lucky, because there are still many people out there who have not had the opportunity to enjoy profits from Cryptocurrency. Maybe we can use the profits we have obtained to buy more coins during the bearish season.
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I got many benefits from investing in crypto. I can buy property and several other assets. I've been investing in crypto for about 10 years, although that doesn't mean I know much about crypto. because I'm just a holder and still learning to do short and medium term trading.
When you have made a profit from investing in cryptocurrency then you are very lucky, because there are still many people out there who have not had the opportunity to enjoy profits from Cryptocurrency. Maybe we can use the profits we have obtained to buy more coins during the bearish season.
Yes, we can buy more profits when bearish, I am also grateful that I have enjoyed many profits while investing in crypto currency. I use some of my profits to buy more coins and some I use for real life, buying some assets for investment in the real world
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The crypto market is warming up after the recovery of BTC and many Altcoins, the community is talking about expectations, about new ATHs in 2024 and 2025. It seems like everyone is very optimistic, very excited to think about a good future in this crypto market. Everyone is thinking about the profits they will have after this cycle, and I'm sure everyone has a plan to use those profits most effectively.
I also have a lot of plans, but other than reinvesting in the market during the crypto winter to buy more tokens and get more profits in the next cycle, I think profits from the crypto market should bring positive values to my real life.
I know that this crypto market is really potential and creates extremely large profits in the uptrend. A token's price increase of 1000% in an uptrend year is considered a weak increase and not an effective investment in the crypto market, stock investors are always surprised about this. But the market also contains many risks and creates pressure when investing, holding and trading. Many investors I know have looked much older after just 1 cycle in this market. It would be bad if profits continued to put more pressure on their lives, we only have 1 life to live ::)
I am not a professional investor, I DCA so there is less pressure. But to be honest, I still cannot escape all the negative impacts of the market. I hold BTC and I'm happy when the BTC price increases, I'm sad when the BTC price drops, even though I have determined to hold BTC for 1-2 years and will not sell regardless of any fluctuations during that time. I think many other investors also have similar feelings, things will be worse for traders participating in Margin and Future!
To balance those negative emotions, I always spend 50% of my profits from the crypto market to spend on family needs, usually buying gifts for members. The biggest joy I can mention is that in the previous cycle, I took profits in BTC and used the profits to buy a new iPad for my daughter to use. She loves it and even named the Ipad as "iBit" because I told her: the Ipad is gift from Bitcoin (and not from BTC Spot ETF of BlackRock). Don't worry, I still don't want to teach her DCA BTC, her childhood needs to be protected ;D
I know this joy is very small for many others, but it is big enough to give me more motivation to try harder in this market. There's nothing better than when profits from the crypto market become the joy of the person I love the most :-*
I know many people who enter the market and are very successful, they have huge profits but all they do is invest. They almost forget that they also need to spend and use the profits from the crypto market to make their lives better.
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?
Yes, I’ve had my share of profitable moments in the crypto market! Taking profits at the right time can really give you a sense of accomplishment and validation of your investment strategies. When I’ve managed to secure profits, I usually take a balanced approach with them—I set aside a portion to reinvest, aiming to capitalize on any future opportunities, and I use another portion for personal financial goals or to treat myself and my loved ones.
I definitely think using some of your profits is important in the investment journey. It not only helps in realizing the tangible benefits of your investments, making the effort feel more worthwhile, but it also can provide necessary funds for unexpected expenses or for achieving personal milestones. Reinvesting some of your profits is equally crucial, as it helps in compounding your gains and building your investment portfolio over time. This balance between enjoying your successes and fueling future growth is key in sustaining a healthy and rewarding investment journey.
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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?
Yes I definitely took profit from the crypto market. I have earned money by trading and also earned money by working on campaigns from forums and also earned money by working on airdrop campaigns. I spend some of the profits I receive from the crypto market as needed and keep the rest invested. Although currently my portfolio is down a bit due to market dumping I am not worried at all as the market will surely recover after halving and reach all time highs. Of course, it is better to keep some part of the profit in investment that will support you a lot later. I do not at all support those who profit from the crypto market spending their profits in full. Because leaving some money for later life is better and more important than investing it.
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Yes, we can buy more profits when bearish, I am also grateful that I have enjoyed many profits while investing in crypto currency. I use some of my profits to buy more coins and some I use for real life, buying some assets for investment in the real world
Profit reinvestment is a common strategy employed by professional investors to create a snowball effect in the market, where profits generate further profits. While it may sound simple, in reality, when profits become substantial, investors may face difficulties in making decisions under psychological pressure. Utilizing a portion of profits for real-world purposes, as you are doing, is a wise approach to enhance our overall well-being, boosting joy, motivation, and reducing psychological stress. Consequently, we are better equipped to make sound investment decisions, leading to more stable and consistent profits.
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Yes, we can buy more profits when bearish, I am also grateful that I have enjoyed many profits while investing in crypto currency. I use some of my profits to buy more coins and some I use for real life, buying some assets for investment in the real world
Profit reinvestment is a common strategy employed by professional investors to create a snowball effect in the market, where profits generate further profits. While it may sound simple, in reality, when profits become substantial, investors may face difficulties in making decisions under psychological pressure. Utilizing a portion of profits for real-world purposes, as you are doing, is a wise approach to enhance our overall well-being, boosting joy, motivation, and reducing psychological stress. Consequently, we are better equipped to make sound investment decisions, leading to more stable and consistent profits.
Actually, it is not easy to manage finances by investing in crypto. We can use our profits to create new profits by buying coins with previous profits. but sometimes our needs will follow us, if we are big investors, this is not a problem. but I am just a small investor.
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Yes, we can buy more profits when bearish, I am also grateful that I have enjoyed many profits while investing in crypto currency. I use some of my profits to buy more coins and some I use for real life, buying some assets for investment in the real world
Profit reinvestment is a common strategy employed by professional investors to create a snowball effect in the market, where profits generate further profits. While it may sound simple, in reality, when profits become substantial, investors may face difficulties in making decisions under psychological pressure. Utilizing a portion of profits for real-world purposes, as you are doing, is a wise approach to enhance our overall well-being, boosting joy, motivation, and reducing psychological stress. Consequently, we are better equipped to make sound investment decisions, leading to more stable and consistent profits.
We must master everything well and that will help us in making good decisions. Taking profits when we get profits is not a problem at all, but sometimes we have to analyze at what point we should take big profits.
You are right, actually there is no problem with big or small profits, as long as we can do it consistently. Because if the profits are very large and we are not consistent, then that will make things difficult for us too.
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Actually, it is not easy to manage finances by investing in crypto. We can use our profits to create new profits by buying coins with previous profits. but sometimes our needs will follow us, if we are big investors, this is not a problem. but I am just a small investor.
That's right, all the profits we get can be used to make profits in other coins. But this formula can be used for those who have a lot of capital. If the capital we use is very limited, for example only $100 for all the trading activities you do, then it will be very difficult to take advantage of profits in other coins.
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Actually, it is not easy to manage finances by investing in crypto. We can use our profits to create new profits by buying coins with previous profits. but sometimes our needs will follow us, if we are big investors, this is not a problem. but I am just a small investor.
That's right, all the profits we get can be used to make profits in other coins. But this formula can be used for those who have a lot of capital. If the capital we use is very limited, for example only $100 for all the trading activities you do, then it will be very difficult to take advantage of profits in other coins.
If your capital is small, you should use all your money, both capital and profits, to trade so that you can increase your assets in crypto. We carry out all strategies to make a profit and increase assets. Everything big started small, so keep the enthusiasm to always invest
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Some people will definitely withdraw the profits they get from trading or investing in cryptocurrencies, they will use them for daily needs, buying food and other family needs.
But for some people, there are also those who use cryptocurrency profits to buy other cryptocurrencies with the aim of getting bigger profits.
So in my personal opinion, it all depends on the situation and conditions, if we really need it then it will definitely be interesting to shop.
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Yes, we can buy more profits when bearish, I am also grateful that I have enjoyed many profits while investing in crypto currency. I use some of my profits to buy more coins and some I use for real life, buying some assets for investment in the real world
Profit reinvestment is a common strategy employed by professional investors to create a snowball effect in the market, where profits generate further profits. While it may sound simple, in reality, when profits become substantial, investors may face difficulties in making decisions under psychological pressure. Utilizing a portion of profits for real-world purposes, as you are doing, is a wise approach to enhance our overall well-being, boosting joy, motivation, and reducing psychological stress. Consequently, we are better equipped to make sound investment decisions, leading to more stable and consistent profits.
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.
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I got many benefits from investing in crypto. I can buy property and several other assets. I've been investing in crypto for about 10 years, although that doesn't mean I know much about crypto. because I'm just a holder and still learning to do short and medium term trading.
When you have made a profit from investing in cryptocurrency then you are very lucky, because there are still many people out there who have not had the opportunity to enjoy profits from Cryptocurrency. Maybe we can use the profits we have obtained to buy more coins during the bearish season.
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.
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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.
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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.
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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.
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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
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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.
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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!
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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.
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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.
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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.
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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
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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.
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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.
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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.