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Author Topic: Take profits – But into what?  (Read 406 times)
ritikasimi
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May 11, 2018, 10:49:19 PM
 #61

usually first I take profit in bitcoin then I sold bitcoin & take profit in my country currency.. you can take profit in top 3 currency.. it will be wise decision.. you've low chance to lose in these 3 cryptos
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chel0
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May 11, 2018, 11:12:32 PM
 #62

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  Shocked 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  Cool

Yes you're on the right track.To cope up with losses withdraw all you funds if the value is declining then choose another promising altcoins.I believe that when one dumps,another coin pumps.It's just a matter of a wise decision and a right choice.
Wilsonong222
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May 12, 2018, 01:19:23 AM
 #63

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  Shocked 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  Cool


There are two logical things you can do with this kind of situation the first one is convert it to another coins to your choice of preference. During the dip every coins is on sale because of its low price.  But you have to be careful because we really don’t know which one is the bottom. The second one is to convert your profit to other kind of investment. This is to diversify your investment to free you from greater risk. Both strategy has pros and cons you have to weight it down to make the decision correct.

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jonathancool220
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May 30, 2018, 09:03:43 AM
 #64

perhaps for someone wanting to get out of tax can be saved with Bitcoin.

but back to themselves if they are entitled to anything done with Bitcoin, including in terms of investment.

if I use Bitcoin to make a living every day me, because I trade Bitcoin every day in Binance.
Sean25pogi
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June 23, 2018, 08:56:47 PM
 #65

You should take your profits in all companies that you have invested once you already met the highest market value which is very favorable to you so that you can incurred huge profit .
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