Take profits – But into what?

[clarkt]

It is better to take profit into bitcoin. Fiat is not your best option I mean that's what everyone is trying to move out from, why trying to get back into it again.  I hold and spend in bitcoin  and if by any chance that you make good profit in your trading,  you should save your profit in bitcoin.

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[Daimon88]

Everyone decides what to do.
A person can invest money in absolutely any coin, which you might not like.
He can wait a year, two, ten .... and blindly follow someone's advice, very stupid.

lol. Most times, people are looking to trade their coins, without the slightest knowledge of trading and at the end of the day, they find out they would have been better off holding. It is always better to leave trading to those who know how to do it best and then just hold the coins. However, if the trend of an altcoin is turning downwards, that can be a good time to sell and buy back into btc.

[zhekinsp]

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 the dip is already over now the price is getting bumps so it is better to hold your coins until you make enough profit then decide whether to sell it or not.But it shold be based on what coins you are holding if that coin is a potential coin you can wait for that to recover or you can trade them for the potential coin like ethereum or litecoin then wait untill it will give profits,so patience is very important if you want to make profit.

[piratcoin]

Starting at now, your benefit will be in fiat as that is the standard medium, channel or instrument to your buys in your day by day lives. A few wallets offer bill installments which you can pay in BTC to pay your liabilities, so in that viewpoint you should not have to transform it into fiat money. Despite the fact that these administrations are offered in a few wallets, you can't depend on it much as regardless you're restricted on what you can do to your crypto coin. Hold up until the point when nation completely embraces its adaptable use in our day by day lives.

[iv4n]

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 the dip is already over now the price is getting bumps so it is better to hold your coins until you make enough profit then decide whether to sell it or not.But it shold be based on what coins you are holding if that coin is a potential coin you can wait for that to recover or you can trade them for the potential coin like ethereum or litecoin then wait untill it will give profits,so patience is very important if you want to make profit.

He is talking about shortage, selling at top for fiat, and after drop to buy again same coin he sold earlier at top for much less money. Top was at 19000 dollars, dip was at 6000 dollars and now we are in the middle again, where the price will go from here is hard to tell, everyone has some opinion but reality is that bitcoin price can surprise us easily.
Tether is always 1 dollar, controlled by exchanges. They now have eurotether on ethereum platform, I don't use them personally. I think that earning from fluctuations is not for all the people, I catch this spikes sometimes but many times I miss them or sell to early, buy to early, that's why when I trade I don't do it with all my money. Be smart, buy when price is going down, if price continue to drop more you need to have money for buying more bitcoins and to wait rise. On each big rise sell something, not all maybe price can go up more and profit will be higher, have some bitcoins to sell at that time.

[guxu219]

Starting at currently, your profit are going to be in enactment as that's the quality medium, channel or instrument to your buys in your day by day lives. a couple of wallets supply bill installments that you'll pay in BTC to pay your liabilities, thus in this viewpoint you must not got to rework it into paper currency. Despite the very fact that these administrations ar offered in an exceedingly few wallets, you cannot rely upon it very much like regardless you are restricted on what you'll do to your crypto coin. foot-dragging till the purpose once nation utterly embraces its convertible use in our day by day lives.

[JesusCryptos]

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 don't trust Tether, so I just change BTC to dollars on gdax and vice versa. I too wish I had done it before the dip...

[goldade]

Despite the fact that most people believe that not converting your profits before the dip as a loss, I'll still urge you to continue to leave your profits in BTC.
Saving up your profits as BTC saves you from paying taxes as only fiat currencies can be taxed by the government.
Secondly, you can see your profits as an investment and a long term investment at that. As you already know that dips like this are only temporary and do not last forever which means leaving your profits in BTC will eventually yield more profits when the price of bitcoin soar back high

[t2yax]

There should be a technique for you to get a high profits. We should learn how this techniques can help us in taking profits. Traders and other bitcoin users have their own techniques to ensure that they can have a big profit. Using altcoins and waiting for bigger value of their altcoin is the best technique for them to get their own big profits. We must learn for our own success and profits

[vietnam11399]

I usually sell my cryptocurrencies profits then buy my local Fiat which I hold waiting for dips.if one ever happens then I can buy bitcoins and then buy the altcoins I need. If you can, you should hodl to die 

[Thanasis]

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 is always better to convert our profits from crypto into bitcoin because bitcoin price will increases in long term so you can get extra profits from just holding it,or if you want that money to be used immediately then better convert into cash.

[aoluain]

Everyone decides what to do.
A person can invest money in absolutely any coin, which you might not like.
He can wait a year, two, ten .... and blindly follow someone's advice, very stupid.

lol. Most times, people are looking to trade their coins, without the slightest knowledge of trading and at the end of the day, they find out they would have been better off holding. It is always better to leave trading to those who know how to do it best and then just hold the coins. However, if the trend of an altcoin is turning downwards, that can be a good time to sell and buy back into btc.

Yes i learned that lesson. I used to trade but found out that I really
didnt make any gains and would have been better off doing nothing.

I have taken "profits" before but just liquidated them to fiat which is
fine if the fiat is not being used to trade back into crypto if the markets
have increased in value.

Long term its better to hold the profits.

[Sowik]

I convert into USDT. Another option would be to convert into FIAT but this would take like a day or two for me to receive the money.

[voztata]

Mehn… you were so unlucky. Eehm… why don’t you just leave your money in the Bitcoin Wallet and wait for price to run up? But if you still wantto take them out there is still no problem.

You can just withdraw your money and wait patiently for another run up… once it starts going up you can invest it back and make profit. I won’t really advise you to invest in any other cryptocurrency, or maybe you can withdraw to Tether… but mostly I will advise you to withdraw to fiat.

[ahmad21]

I think in such times when the whole crypto market is down and seeing a correction its much better if you sell everything into fiat because its much more stable and will save you from any further dips in your portfolio. However if you think only bitcoin is going to fall than obviously its better to go with any other crypto as you get dual advantage which is you will be saved from the dip and might also get some return if that crypto rises.

[BrewMaster]

if you think only bitcoin is going to fall than obviously its better to go with any other crypto as you get dual advantage which is you will be saved from the dip and might also get some return if that crypto rises.

this can't happen! a 9 year history of bitcoin and altcoins has proven that it can never happen because bitcoin will never fall alone. each time there is a bitcoin drop, there is also a much bigger altcoin drop.

of course there are always small altcoins that are getting pumped no matter what is going on in the market but they are exceptions and hard to find during dumps.

[TrollinU]

You can invest in some perspective project. I think, that one of them is TraceTo. Cause it is a decentralized KYC network, which can used by companies to verify his clients. There is a think, what KYC standatrs will become tougher, so it will increase the demand for software, which can identify. So, investors can get profit from this. Another reason to invest here is a good team, which has some experience in developing.

[Granit0]

I pick a coin and just keep it on my wallet. Although, I trade currency pairs. But on cryptocurrencies I decided to change strategy and try "hold strategy".

[danherbias07]

There os Tethere now. An escape route fod every trader
 I dont know if we are lucky to have that or it will be the chaos of most crypto investors.

Could not see anymore if coins and tokens will go down or up. Why? It is like everything now is with the same boat as BTC and ETH. Once they are down then everything will be. But look at Tether. No movement at all.

[almersyn]

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 

The advantage that I achieve if it is satisfied will I withdraw my funds. Make it into USD because I do not want to speculate better if it's profitable