What to do with cash from sales

[metalbean]

Hi guys, what do you guys normally do with the monies? keep it in exchange for future purchases or transfer it to your bank account.

And if the latter do you then put it in the fixed deposits for stable interest rates?

[1714595993]

1714595993

[1714595993]

1714595993

[1714595993]

1714595993

[1714595993]

1714595993

[andrew24p]

Are you talking about sales from selling crypto? I personally only sell what I have to, which is pretty much just loans. I put almost all of my other earnings in bitcoin.

[HabBear]

Sales? As in selling? I'm not familiar with that scenario in the crypto currency world. People sell their crypto currency?!

I'm kidding, of course. But my question is if you don't have something specific you need to spend the proceeds on (like a debt) why are you selling your crypto currency? One of the fundamental characteristics of crypto currency is the finite money supply, which means that if demand is constant the crypto currency is worth more tomorrow than it is today. That reason alone should want you to keep yoru crypto currency on balance, in your wallet.

I'd recommend keeping as little of your wealth in fiat currency. Fiat currency is always worth less tomorrow than it is today.

[Labay]

I will do trading than transfer it to bank account. I will earn some bitcoin using trading.

[pacifista]

Hi guys, what do you guys normally do with the monies? keep it in exchange for future purchases or transfer it to your bank account.

And if the latter do you then put it in the fixed deposits for stable interest rates?

Some banks are already prone into frauds,  which is that saving in a bank these days is not a good idea. You dont have full control of your money, better to invest it or put in a wallet where you have the private keys.

[ladydark]

Hi guys, what do you guys normally do with the monies? keep it in exchange for future purchases or transfer it to your bank account.

And if the latter do you then put it in the fixed deposits for stable interest rates?

I sell only a small percentage of my bitcoins by transferring it to my localbitcoins wallet to meet my family expenses.I always plan to save the remaining bitcoins safely in my wallet for my future.Earlier i sold some bitcoins and invested in some altcoins for trading.But since now bitcoin price is increasing high,i feel comfortable in holding bitcoins itself.

[FlightyPouch]

Hi guys, what do you guys normally do with the monies? keep it in exchange for future purchases or transfer it to your bank account.

And if the latter do you then put it in the fixed deposits for stable interest rates?

What money? you mean our coins? I store it in my bitcoin wallet, for now I am saving it into a exchanger because there are some times where I really need money and I just cash out some when I do. When I need money I do transfer them to my bank account.

[mobnepal]

I usually hold all my crypto in their respective wallet and not in any web wallet or exchange platform because I don't like to loss all my assets when someone will be arrested in another part of the world (referring to recent btc-e shutdown).  

When I think price gonna have some correction, I try to sell those crypto at peak price and keep those fiat or USDT in the exchange platform for next few days to buy back cheap coins again ad quickly pull them out to my wallet (offline/SPV).

[hajimasan]

Hi guys, what do you guys normally do with the monies? keep it in exchange for future purchases or transfer it to your bank account.

And if the latter do you then put it in the fixed deposits for stable interest rates?

Actually here to do a particular work is a stupid thinking by anyone , so to do work with the money in multiple ways is a better option for the economical growth with better stability .
Here i myself made earnings about 0.1+ btc in one month and then  transferred 30% in my trading job again and 30% in my wallet for btc savings for long term and 30% in the cash bank deposit .
And rest of 10% investment in the enjoying life because there is nothing in life if we have no joy , so better to spend some money for enjoy and sometimes i made gambling with this small amount to remain free from mind stress .
So here i am thinking that doing every possible work that people can do use thier earnings

[Shamie1002]

What to do with cash ? Try seperating for different purposes. Put some for investments like in bitcoin, the pump in price is definitely faster than in banks. I would rather keep it in my BTC wallet than putting it in bank. Try to put some in tradings or some for your luxury so that you can enjoy your earnings too.

[pigfrown]

Put it under your mattress.

Diversify into gold/silver.

Put it in an exchange and wait for either a) the exchange to get hacked or b) you lose all your coins trying to time the market

Put it in a bank and wait for either a) the banks to confiscate your funds b) the next recession and bank run.

[oegarod]

With what I make on selling is used to meet my requirements. Without any requirements I never sell my coins, because I find it more secure and an way better to profit holding as it is rather than keeping it in the way of fiat. Fiat on saving to an bank account gives a mere profit as interest which is quite low compared to the profit got from bitcoin.

[nkmt]

I put it into the stock market and make a killing there.

[no0dlepunk]

Hi guys, what do you guys normally do with the monies? keep it in exchange for future purchases or transfer it to your bank account.

And if the latter do you then put it in the fixed deposits for stable interest rates?

I do not suggest you guys to keep fiats. Personally I keep my money in bitcoins and wait for a perfect price to enter in altcoins. If the altcoins' price are too high, I put my btcs in lending wallet (bitfinex) to profit from borrowers...

If you are not comfortable in placing money with cryptos, you may try putting it in stocks or microfinancing. always remember that banks should never be an option. I repeat, banks should never be an option!  

[justspare]

Hi guys, what do you guys normally do with the monies? keep it in exchange for future purchases or transfer it to your bank account.

And if the latter do you then put it in the fixed deposits for stable interest rates?

Do you mean the profit from cryptocurrency ? Many people here might be saving that profit in the form of bitcoin itself, because bitcoin is unique in itself. It is more profitable then a Fixed deposit in any bank. We can anytime in cash bitcoins according to our needs, but i individually like to spent more and more coins and invest them so that i get a good daily profit.

[n691309]

Sales? As in selling? I'm not familiar with that scenario in the crypto currency world. People sell their crypto currency?!

I'm kidding, of course. But my question is if you don't have something specific you need to spend the proceeds on (like a debt) why are you selling your crypto currency? One of the fundamental characteristics of crypto currency is the finite money supply, which means that if demand is constant the crypto currency is worth more tomorrow than it is today. That reason alone should want you to keep yoru crypto currency on balance, in your wallet.

I'd recommend keeping as little of your wealth in fiat currency. Fiat currency is always worth less tomorrow than it is today.

I too think the same. Instead of just converting the cryptocurrency to fiat, we can store them in the wallet and then sell it when its double the price we bought. It will be more profitable I guess instead of just converting it to fiat which is worth nothing in future. Instead of just keeping the cryptocurrency in wallet, we can also use it to have some more profits on trading, investing, etc (Of course with some knowledge).

[zoelhack]

I will make a market entry in order to commit murder there, and I also put my income into bitcoin.

[masterwakokok7]

My decisions will depend on the situations. If there's an emergency, I would probably withdraw it. Health is wealth. If there's no case of emergency or urgency, Then I would probably reinvest it in Trading. If I don't the need money then It's best for me to make it grow, Though I make sure that I still have enough in me in my wallet in times of fortuitous events.

[NathanJB]

Hi guys, what do you guys normally do with the monies? keep it in exchange for future purchases or transfer it to your bank account.

And if the latter do you then put it in the fixed deposits for stable interest rates?

Convert them to Bitcoin and then just let it sleep if you don't actually have any plan on your cash. The profit you will surely get is much much bigger than what you can get from depositing them in your bank. Save in cold wallet if you want them to be safer.

[SvenBomvolen]

It is not the smartest idea at all to hold coins on an exchanger. Look at the story of Bitfinex of the last year and the new one  BTC-e.
I deposit money on the exchanger only when I short with money and need some financial support. But why to ask for it from parents and friends if I can cash out mBTC and I am full with money again?!