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Author Topic: How do you use profits from the crypto market?  (Read 5409 times)

Online KryptoBull

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Re: How do you use profits from the crypto market?
« Reply #15 on: February 05, 2024, 05:44:29 PM »
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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Re: How do you use profits from the crypto market?
« Reply #15 on: February 05, 2024, 05:44:29 PM »

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Offline SamReomo

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Re: How do you use profits from the crypto market?
« Reply #16 on: February 05, 2024, 07:35:06 PM »
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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Re: How do you use profits from the crypto market?
« Reply #17 on: February 05, 2024, 08:58:55 PM »

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.
~

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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Re: How do you use profits from the crypto market?
« Reply #18 on: February 06, 2024, 08:54:00 AM »
]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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Re: How do you use profits from the crypto market?
« Reply #19 on: February 06, 2024, 11:17:34 AM »

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.
~

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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Re: How do you use profits from the crypto market?
« Reply #20 on: February 06, 2024, 11:29:40 AM »

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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Re: How do you use profits from the crypto market?
« Reply #21 on: February 06, 2024, 05:12:39 PM »
~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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Re: How do you use profits from the crypto market?
« Reply #21 on: February 06, 2024, 05:12:39 PM »


Offline MrSpasybo

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Re: How do you use profits from the crypto market?
« Reply #22 on: February 06, 2024, 05:53:14 PM »
  • 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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Re: How do you use profits from the crypto market?
« Reply #23 on: February 06, 2024, 06:02:41 PM »
  • 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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Re: How do you use profits from the crypto market?
« Reply #24 on: February 06, 2024, 06:22:26 PM »
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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Offline debra

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Re: How do you use profits from the crypto market?
« Reply #25 on: February 06, 2024, 11:54:33 PM »
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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Offline Geey

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Re: How do you use profits from the crypto market?
« Reply #26 on: February 07, 2024, 12:45:50 AM »

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.
~

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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Offline Baofeng

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Re: How do you use profits from the crypto market?
« Reply #27 on: February 07, 2024, 01:43:19 AM »
Quote
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.

Quote
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.

Quote
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.

Offline Doctor

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Re: How do you use profits from the crypto market?
« Reply #28 on: February 07, 2024, 02:26:40 AM »
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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Offline SamReomo

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Re: How do you use profits from the crypto market?
« Reply #29 on: February 07, 2024, 12:57:57 PM »
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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