Take profits – But into what?

[ChickenDuck]

It’s depend on what is your final target, if your target is to maximize your fiat then take profit into fiat, if your target is to maximize btc (or eth) then take profit into btc (eth).

Hi,

I started with Crypto Last Year in September so before the big run up where everything was green every day. That’s when you think you are so good in trading Cryptos😉

Everybody knows what happened … the little dip  and of course I didn't take any profits before the dip, so it was also hard to buy the dip afterwards.

My Question is now when I take profits to stake up for the next dip, into what should I convert it?
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
Do use Tether as it should be stable?

Let me know your way 

[1715445269]

1715445269

[Altcoins enthusiast]

Hi,

I started with Crypto Last Year in September so before the big run up where everything was green every day. That’s when you think you are so good in trading Cryptos😉

Everybody knows what happened … the little dip  and of course I didn't take any profits before the dip, so it was also hard to buy the dip afterwards.

My Question is now when I take profits to stake up for the next dip, into what should I convert it?
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
Do use Tether as it should be stable?

Let me know your way 

For now holding is the best way one can actually keep his or her bitcoin! I tried to play the options of buying bitcoin and when it dip convert it to USD and when bitcoin started appreciating again convert it to bitcoin but I find out that I will make more holding a coin for a very long time. Most times one  do miss the best opportunities to get in again after the dip.

[BrewMaster]

at the end of the day we all go back to fiat because we all use fiat in our lives even if we prefer using bitcoin so our profit is also going to fiat. but considering the fact that bitcoin is an excellent long term investment with a good future ahead of it, you can see the potential of profit if you own more of it in the future when the price is a lot higher than this.

in other words if you store your profit in bitcoin now your profit will increase with bitcoin price rise.
but this is still risky as bitcoin price is still risky despite me believing in its future. so a better strategy would be taking some out to fiat and storing some in bitcoin.

[Matthewmorris4]

Hi,

I started with Crypto Last Year in September so before the big run up where everything was green every day. That’s when you think you are so good in trading Cryptos😉

Everybody knows what happened … the little dip  and of course I didn't take any profits before the dip, so it was also hard to buy the dip afterwards.

My Question is now when I take profits to stake up for the next dip, into what should I convert it?
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
Do use Tether as it should be stable?

Let me know your way 

i think its conditional, for me, im not always convert it into top 3 crypto or vice versa
sometimes when i need some money, the profit i convert it to FIAT and make some to buy at the dip and cashout some of those FIAT

[raven7886]

If you profit in alts and you don't want to risk anymore that you profited then go change it to USD but if you want to still risk just put it to BTC so it can go up or down.

Putting in BTC is not even a huge risk as much as leaving in Alts. However, it all depends on what is good enough for the trader in question but I would not advise changing anything if the person trading does not have any trading knowledge or what to look out for while trading, because in that case, it would be hard for someone like the OP to even have an entry or an exit strategy, let alone make profit trying to swap.

[Nerman]

It will depend on your needs. If you really need the money then convert it to fiat. If not you can just convert it to btc or your prefered coin.

What i am doing  personally is right now i just convert a little to fiat and majority to btc because i believe that the btc price will still rise giving me more profit.

[Hemady17]

Hi,

I started with Crypto Last Year in September so before the big run up where everything was green every day. That’s when you think you are so good in trading Cryptos😉

Everybody knows what happened … the little dip  and of course I didn't take any profits before the dip, so it was also hard to buy the dip afterwards.

My Question is now when I take profits to stake up for the next dip, into what should I convert it?
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
Do use Tether as it should be stable?

Let me know your way 

It's good thing that you get the crypto in low price. Gone are the days where the BTC price was under 300 USD.  Let assume that you profited around 5000% of your initial investment, the thing I would do are:

     1. 50% of gain would be retain in my original portfolio
     2. 30% would go to re-investment  (ETH, Ripple, and Litecoin)
     3. 10% Portion of my gain would be given to charitable institution
     4. 10% for vacation! I like to spend some for recreational activities for me to taste the fruit of hard work.

[olia10]

The market is speculative, can sharply grow and fall. Intraday fluctuations of the Crypto-currency may be 25%. You need to have iron nerves to withstand the jumps, because you can lose everything. At the same time, how much will bitcoin cost in 2018, it is not known, because all bold predictions have already come true.

[btcformula]

Best way to take profit in USD , BTC, ETH. This will increase BTC & ETH fund. Problem is markets can up & down so for this USD also good option to take profit.

[Caladonian]

The market is speculative, can sharply grow and fall. Intraday fluctuations of the Crypto-currency may be 25%. You need to have iron nerves to withstand the jumps, because you can lose everything. At the same time, how much will bitcoin cost in 2018, it is not known, because all bold predictions have already come true.

Well said, with perfect timing you will be able to play around and gain a lot, taking profits in a day trade is nice but doing it in the long term will be much better,  a lots of matured traders realized the big benefits of holding and wait for the a much bigger value, alts and bitcoin will bring huge earnings if we
know how to find the advantages.

[davidroux]

the biggest way to earn profit is that you must believe in your coins if you have researched carefully. The market always fluctuates and depends on the information very much. If you are not patient, you are easy to lose money

[lil_jb]

I recommend fiat , I don't trust tether . as for predicting a dip its hard to tell when its actually gonna happen so good luck with that .

[geopolisch]

Hi,

I started with Crypto Last Year in September so before the big run up where everything was green every day. That’s when you think you are so good in trading Cryptos😉

Everybody knows what happened … the little dip  and of course I didn't take any profits before the dip, so it was also hard to buy the dip afterwards.

My Question is now when I take profits to stake up for the next dip, into what should I convert it?
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
Do use Tether as it should be stable?

Let me know your way 

It depends on your own pattern of trading. Most times, all the coins or tokens can be converted to btc and then you can hold your btc strong and buy back the dips of the altcoins for profit, so as to increase the holding of your bitcoin in the long run.

Also, you can decide to turn your btc into fiat, and then buy back lower, but that is in the case that you are sure bitcoin is turning down, and you do not end up being a victim of a bear trap.

[qiman]

I am not very good at selling on the high and purchasing in the dip. What I do generally s take out what I will need for my living expenses then I will just kind of hold long term the best cons that I feel have good promise to make those x 10 or x 20 gains at least over a longer period of time. I sometimes miss those all time highs though and that is very frustrating for me as in this last bull run I could have semi retired myself and my wife but unfortunately we missed it and the market just plummeted to all time lows which was a disaster for us.

[Indrawan77]

I usually convert it to fiat, because I need the stable currency, if I convert it to other crypto, it has the possibility of losing value, tether is also not bad because it is quite stable, but it will take time to convert to tether, it is more simple to just convert to fiat and it can be used directly to buy other coin whenever I have the chance

[harizen]

My Question is now when I take profits to stake up for the next dip, into what should I convert it?
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
Do use Tether as it should be stable?

Let me know your way 

Try to find out what will be the answer after making some self analysis. Yes, turned that set of question of yours into plan and see if that will work.

Different people have different way so better make it to the point that try those hypothesis. On the way, there are might some failed analysis that can happened so in here you need to find out what is the better thing to do. After learning "that thing" and the result was good then considered that as your winning strategy then just do mofication a bit on your future trades.

[streazight]

I keep my profit in BTC because it's way better for me in terms of taxes.
Capital gains tax isn't applied when you don't convert your BTC into fiat, at least it's not in my country. (US is different)

I also think that Bitcoin is a pretty good long term investment, even these crashes don't really scare me. I've seen it all before.
 

Way lot better! My target anyway is to always increase my BTC, so if I make profit in any alts, I end up using it to increase the quantity of btc I am holding, as what is the point holding the alt anyway, when it would go back down correcting.

At the long run, we are all here in this system for bitcoin and trying to stay away from fiat, so why will I bother converting into fiat. All the way to make bitcoin stronger.

[jhongzjhong]

My Question is now when I take profits to stake up for the next dip, into what should I convert it?
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
Do use Tether as it should be stable?

Let me know your way 

Try to find out what will be the answer after making some self analysis. Yes, turned that set of question of yours into plan and see if that will work.

Different people have different way so better make it to the point that try those hypothesis. On the way, there are might some failed analysis that can happened so in here you need to find out what is the better thing to do. After learning "that thing" and the result was good then considered that as your winning strategy then just do mofication a bit on your future trades.

This is a great idea you've shared, yes we had a different way to make a better and that thing we must improve.
Those failure that we don't wanted it happen again in trading, i must also prefer into fiat than to tether i most comfortable in using fiat when i purchase back in crypto currency that i want. But as of now i'm still holding all my crypto's in my portfolio i never convert on it into fiat due to low value of bitcoin these few months.

[ImSuparmin]

I think we take advantage can be by bounty or trading ,, as a beginner I choose bounty signature, because bounty signature does not take a big risk, do not recognize the loss and in the signature we do not require capital but have a fairly large profit even though not for trading .

[ImSuparmin]

I am not very good at selling on the high and purchasing in the dip. What I do generally s take out what I will need for my living expenses then I will just kind of hold long term the best cons that I feel have good promise to make those x 10 or x 20 gains at least over a longer period of time. I sometimes miss those all time highs though and that is very frustrating for me as in this last bull run I could have semi retired myself and my wife but unfortunately we missed it and the market just plummeted to all time lows which was a disaster for us.

I think so too, I am not good at selling coins let alone being a reliable trader, yesterday I also feel a high rise and I hold my coins, and the result is now the market price actually dropped dramatically and the losses I get.