How Do You Secure Your profits?

[worldtraveller321]

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

[1715185933]

1715185933

[1715185933]

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[Bitcoincole]

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.

[ramzhies]

when I feel there's a chance that coins will drop.. convert it to usdt..
now, was able to trade with my profits.. capital out already

[whirlcoin]

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

You can convert your profited amount of crypto into fiat currency or you can invest it on more stable currency like bitcoin or ethereum then your profits will grow slowly.
But for me I will continue to hold that coin until it get into red mark then I will sold all the coins then invest on other coin

[DaMut]

my method is very simple,
if i got profit from my portfolio(alternetive coin),i will cut the profit and buy Bitcoin directly with that.
i do not really care about its price because i have a faith on it for future,
as long as my position on bitcoin increasing,it can be considered as securing my profit.
it will only work if i choose the long one,but if i choose the short one,
i will cut the profit and buy the newlyborn project or something like similiar to that.
because,when top cryptocurrency get pumped.
a lowly one will be dumped,and i believe it was an opportunity for me to get profit.
it is a cycle,when the top get pumped.
the lowly one will be dumped,

[Maveth13]

When you sell an altcoin and take your profit, it's better to store them as both ethereum and bitcoin split to whatever fraction you want. And much better if you have a hardware wallet.

I personally split more portion on ethereum than bitcoin these days because of the fees. So whenever I decide if I want to buy other altcoins it would be faster and cheaper when I use ethereum.

[cynical]

I take my profits by a similar process to some above.
instead of buying bitcointalk.org with the profits I trade into Litecoin.
My reasons are threefold:
1.
Litecoin is a very stable coin at the moment,
and has been for quite a while now,
and it's quite easy to accumulate a good amount as the value is still reasonable
2.
I think I can built on my profit transfer into Litecoin if all the talk of positive developments happens in 2018.
3.
Moving my profits is fast and cheap.

[worldtraveller321]

if I am taking m altcoin profit and putting into ETH or BTC, is it ok doing it when the ALT Coin is green and BTC is green at same time? so even when both go red I am not really loosing anything? as this is all for long term hold?

[Liquidathor22]

For me I need to keep my base capital back again, then the excess will be stored as earnings and will not be included to the capital (will be added if there is a potential bullish move).

[worldtraveller321]

thanks

[junetuesdays]

I use a paper wallet, saved as a PDF on two USB drives plus an extra actual paper copy.

I use BIP 38 password encryption and password protect them in a ZIP file, I wrote a steemit tut on it if you care to look..

https://steemit.com/deeponion/@junetuesdays/securing-your-deeponions-using-bip38-encryption-paper-wallet-usb-stick

[burner2014]

I am securing my earnings by withdrawing it and putting it in my personal bank account, but I still see to it that I do have some remaining coins in  my wallet or in the exchange so that when price goes down again I can buy again and sell again when necessary or when price goes up.

[adzino]

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

I always have a threshold level. After reaching that threshold level, I keep my initial investment intact but cash out half of my profit and rest half I use it to invest on some other coins. You can never guess easily when the market will go up or down. Just make sure you don't cash out when the market is red. Wait for the price to go up and then cash out.

[adaseb]

The answer depends on what you are doing exactly.

Are you an active trader? If so most likely due to fees you might as well leave your BTC on the exchange instead of withdrawing/depositing everyday.

Are you a swing trader? If so withdraw your BTC but keep on a hardware wallet or some type of cold storage. Or use a paper wallet.

Are you a long term adopter cashing out? Then either buy tether to hedge or just send to an exchange like coinbase and cash out to your bank account.

[Vanshenz]

I take advantage, if the price goes up then I sell and if the price goes down then I hold while waiting for the price to rise back, that way then the profits will always be obtained.

[Chanock]

What are all your methods? you use to secure profits from your crypto?

There are different methods or ways to secure profits from cryptos. One of my method is using digital volt to ensure that i'm the only person that can access. In that way, my profit is secure.

The other way is maintaining my cryptos in my wallet. In that way my money and profit from cryptos is continuously gaining additional profit one the currency increasing value.

Now some ICO offering there services to ensure the security of your diacritical and profit you gain from crypto's. Like Digital Identification Wallet (DIW) offering technologies through personal decentralized identity service which enables registered account holder to secure store and access sensitive encrypt data utilizing the power of blockchain network.

Also DIW develop ad supply its own hardware wallet which will ensure maximum security.

[dothebeats]

Personally I take off 15% of my profits and just re-invest it and the remaining 85% I got to keep for myself. A profit doesn't mean you need to take it out from your bankroll; you need your money to eork for you, otherwise you wouldn't be successful in your investing scheme. If you keep on using or spending your profits, your money will not grow, thus your just trading in vain in the long run.

[VitKoyn]

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

There's a lot if methods you can use. Once the price of the coin you bought increases and you want to get your profit you can convert it to USD Tether and wait for the price correction and invest it again to another coin. You can also convert or transfer your profit to other cryptocurrency that you think will give you more money, this is if you want to maximize your profit. For example you invested on Bitcoin then it suddenly increases and you want to take your profit but want to use it for another coin, still risky but that would be a good strategy. The simplest and best method to secure your profit is to cash it out (ex. BTC->fiat).

[satria33]

It's easy when your high altcoin instantly sells atlcoin with bitcoin or eth because the two coins I think are very good.

[Pursuer]

it depends on the altcoin that I have invested in, but I set a percentage profit in mind and based on that I set a price in mind that I will place my sell orders ahead of time. I choose this price wisely while trying to not be affected by emotions such as greed.

for example I sell most coins after 15% profit whenever I do a day-trading thing. this percentage has been good for me most of the times but sometimes depending on the coin and the time I get in I set it at smaller or bigger amounts.
then I make sure I dump at that price be cause I know that if I don't and price goes there and comes back I will regret it and lose money. it is always best to take a small profit instead of nothing at all.