How Do You Secure Your profits?

[Ray3z]

What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down

Well, for me to secure my profits from crypto i divide it into two were half of it i converted into fiat and put it in a bank or indulged in passive business the rest is remain in wallet address for us to invest in coming months or days in potential ICO. Since a lot of ICO are slowly increasing it's value.

Did you cash out and save in the bank every time you profit? Or you have monthly report?

I have another meaning of the question. In mine, i bought some altcoin and i put limit selling in some point, the percentage can be various and i am waiting for the price touch my limit sell order. I never move higher or lower and i try to be discipline. Thats my way to secure my profit.
I never think regret if the price goes higher because i am happy with my profit.

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[enawati]

To secure my profit i will cash out some of my profit every month from crypto for daily needed and also to make investment in others asset like gold and real estate because this kind of asset more safe than crypto because low volatilitas , and i hold some potential coin in long term to make other profit. So make investment in many kind of asset will minimize the risk.

[rhamzter]

To secure my profit i will cash out some of my profit every month from crypto for daily needed and also to make investment in others asset like gold and house because this kind of asset more safe than crypto because low volatilitas , and i hold some potential coin in long term to.make other profit. So make investment in many kind of asset will minimize the risk.

That is good idea, withdrawing profit is on of the best ways to secured our profits in the future, therefore using multiple wallet is also a good idea to protect our profits from the intruders and hackers. In my sight all people have a different opinion in terms of securing accounts and income that's why we need to respect it. For now securing of accounts are depending to us because anytime there's a possibility to hack our account.

[Pleione527]

I only earn from signature campaign and sort of faucet so since it is a weekly payments every end of the campaign I convert the bitcoin I earn and put in my bank account then I put some note on the side of my passbook indicating the name of the campaign I've joined with this I was able to secure and monitor my earnings since I am no good at holding and trading I become satisfied with this kind of tactics.

[Ararbermas]

Well the best ways to secure our profits is to monitor always the market so that we can convert our profit right away when it decreasing gradually to avoid loses.and i think the best strategy is to covert the half into fiat then the rest invest, if the maket circumstances is complicated . Perhaps long term is good nowadays instead of short term cause the makert is not stable.  

[Noctis Connor]

I convert mine to fiat currency so that i can manage and control it. So that i can trade it with my profits.

[Oilacris]

What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down

My coins are divided into two which are for short term and for long term. If i see bullish trend then it would really be the best time to sell out for profits specially for those short term coins which i do have.Secure them and reinvest which i do wait up for bearish trend again.Im just doing this thing most of the time and luckily i do see some good results but not all the times this method work because market is too unpredictable specially if theres a bull or bear traps ahead.

[BlockEye]

I convert mine to fiat currency so that i can manage and control it. So that i can trade it with my profits.

That's the safest way but too pricey in terms of transaction fees if everytime you want to buy some alts to trade or to have a transaction, you'll be converting it all over to eth or btc then to transfer in exchange again. I prefer putting some in exchange already and putting it on hardware wallet, and sometimes saving at bank. It depends on our preference on which we find safety and convenience.

[WSDN]

it is hard to succeed in the cryptocurrency now. Many investors are waiting the good news from Chinese market and South Korean market. So, I think the best way is just hodling your coins. Do not sell them in panic. the market will rise up soon

[noblesse09]

What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down

to secure our profit you need to take the capital after it gain 100% then let your pure profit do the work. and i know money is work harder than you hehehe. then your capital invest it when the market is in blood bath. as they say drink your own blood.

[JessyHero]

I normally fix them in USDT and reinvest. Hovewer, it may not be such a good idea, looking at the rate they print those tokens with.

[TIN1114]

I have the same question too in my mind. Being new to cryptoworld I want to make sure I get the best out of my profits, thanks for all your tips.

[samcrypto]

What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down

to secure our profit you need to take the capital after it gain 100% then let your pure profit do the work. and i know money is work harder than you hehehe. then your capital invest it when the market is in blood bath. as they say drink your own blood.

Its hard to know if the market will down, so if you want to secure the profit make a target price and learn how to cut loss. Don't be greed when it comes to profit taking always take note that the market will go down after it hits the highest peak. Holding on a great coin is one way of securing profit specially with bitcoin, always make a plan.

[Outlaw79]

Securing your crypto profits requires great discipline and commitment. You must know when to withdraw you funds from trading without being too greedy. Most people don't have the discipline to do this when the trade is going in their favour. And eventually, they end up losing it all. I once made this mistake too.

The best way to secure your profit is to have a stop loss and withdraw your money into your long term hold or withdraw into fiat. This is a lesson I learnt the hard way.

I totally agree. I want to do the same but I still could not achieve.
Money management and profit taking takes a huge part at trading. I am sure many of us made great profits which were than melted down during crashes.
Great discipline and commitment and targets would be the keys.

[sofi@]

I only gain profits from holding my bitcoin earnings for a month or two then to secure it after a month I will take my income and  put it on my bank account and only remain the capital in my online wallet in that sense I get to secure my profits while continue working for my capital to grow further. Another is there are cases where I invest the profit to another promising project though quite risky but so far I always make some earnings

[kolega]

I have divided the investment portfolio into 2 parts. One part is always invested in various cryptocurrencies in the long term. The second part of the investment I sell when the market gets into the red zone and then re-invest.

[Baoo]

What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down

The security of the profit will be if there is a good strategy to take in every situation (Whether in bad or good). Furthermore, when there is a currency crisis in the market, that is the best profit period for traders.

On the other hand, the options must be appropriate, especially when choosing the suitability currencies for trading (It is necessary to be on top 30 of best currencies). For me, when there is a huge profit,  then we should keep the half (50%) of this value and the other half to trade. In order not to risk and ensure the profit in the future.

[tricker01]

Actually im fun of joining signiture campaign. And that is the main way of my income. So every time that I could get my salary, I put it in my coin.ph since it come in terms of bitcoin. Afterward if the value of bitcoin increase then, I will exchamge it to our local rate and secure it to my bank account.
For me it just being practical to secure you profit or money. Because we work for it so that we should take care of it.

[Ranillo79]

I secured my profit usning some security apps such as google authenticator and a browservthat is suggested by metamask(brave browser). This will secured my account avoid phising sites and gmail hacking. And to not lost all profit for sure i have to address both of them have a valuable coins, so if some pro hacker hack ne its onlt a half of mine.

[yanto@1977]

What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down

Secure profit is simple, exchange become currency ( wd ) or another coins and start new crypto journey. Secure ( safe ) is not only about quantity ( number ) but also about quality. Meaning, we must use it as a way to increase profit it self or our skill. I have different mindset about this and maybe not all of us agree with me. Mostly, I use my profit to increase my skill to get bigger profit. Sometimes I win but with many loss of course. But I enjoy the journey and will keep doing that until I find another way.