Profit matters most in crypto currency

[mrdeposit]

Like I always say, small money in ur bank account is far better than $3k in ur online crypto wallet/exchange,

it can only be better the moment it's converted to your local currency.

You could not crush cryptocurrency any more than that. Using only for speculation does not make any sense when everyone says crypto is the freedom, crypto is the future. I think forget what you know and start over again.

[meliodas]

This is the truth that most of the people in the cryptocurrency space are denying. They all say that they are here for the technology but in fact, they are here for the profit or money making opportunity since the market is volatile. I do believed in both technology and the opportunity that the cryptocurrency brought to us and I will never leave cryptocurrency just because of less profit.

[bonyaserg]

Personally, I think that having extra income from cryptocurrency is very profitable. And when in mind there is a suitable cryptocurrency at a very competitive price, it is better to immediately invest in this coin. Any cryptocurrency is very promising and in the hope you can get a good profit. And I believe that any coin can bring at least a small income and this is already a great success.

[romero121]

Personally, I think that having extra income from cryptocurrency is very profitable. And when in mind there is a suitable cryptocurrency at a very competitive price, it is better to immediately invest in this coin. Any cryptocurrency is very promising and in the hope you can get a good profit. And I believe that any coin can bring at least a small income and this is already a great success.

I liked the statement, when there is something in mind to invest and the same has a competitive price go for it. Once missed might make you feel later. I'm a loser in this regard. Thought of investing in an altcoin, but ignored without reason. This happened a week ago, by that time the price of the altcoin is $0.08 and now it has grown high as $0.45, once ignored has caused me such a big loss. So when something looks to be growing go for it with hope.

[Anystacee]

I agree with the fact that crypto is volatile, One should always make sure they get the small profit than hoping till they lost all they already have,  but I believe with time we will have stable cryptocurrencies.

[cutesgirl]

Personally, I think that having extra income from cryptocurrency is very profitable. And when in mind there is a suitable cryptocurrency at a very competitive price, it is better to immediately invest in this coin. Any cryptocurrency is very promising and in the hope you can get a good profit. And I believe that any coin can bring at least a small income and this is already a great success.

I liked the statement, when there is something in mind to invest and the same has a competitive price go for it. Once missed might make you feel later. I'm a loser in this regard. Thought of investing in an altcoin, but ignored without reason. This happened a week ago, by that time the price of the altcoin is $0.08 and now it has grown high as $0.45, once ignored has caused me such a big loss. So when something looks to be growing go for it with hope.

How many time you can remember most loss much money in the world is with investing in cryptocurrency, you have talk about positive and negative side about investment risk with bitcoin and altcoin, when I bought ripple have higher price above $3 and now I must hold XRP because price down lower than $0.2 and I don't know have chance to get back my money from ripple coin.

[anjiitem]

It's still going to be a stupid move if you sell off coins that have better potentials than others because you will regret your action later , the best advice you can give people is not to hold unto all coins, they should sell those that aren't strong enough

But according to what I observed most people would prefer to hold all the coins they have even though the price of the coin continues to decline and eventually becomes worthless. In my opinion, everyone has their own way of deciding to hold or sell the coins they have and whatever decision they make, of course they must be prepared with all the risks.

[onyek16M]

profit is everybody need. so, its a jokr if someone dont take profit when it come to him life. there are many chance people to get profit, but they choice to keep it until hit the big value. i think, small profit but usually get that is awesome than you wait until the price like what you want

I once had a mindset like that, I was always waiting for the high price, basically, I was greedy. sometimes I also believe too much in projects, many of them disappoint me and in the end, I suffer losses. since then I changed my mindset to not be greedy and the most important thing is profit. but sometimes we have to take risks if we want to get a bigger profit, and vice versa, we can also bigger lose. so if you are a person who likes to be safe, getting a profit is good enough.

we really have to make changes, what happens to you is not much different from me because in the past I was very greedy in seeking profits. at this time with market conditions like this we will think to look for a little profit but the velocity of money will continue to occur. because the most important thing is this, we cannot continue to look for much profit.

honestly, its also happen to me. i always waiting for higher price when it come i not sell my coin but wait again for higher price and make deep lose
after that i always remove feeling greedy in myself and make provisions to take enough of profit each trade

and i agree with OP that small money in your bank account is s far better than $3k in ur online crypto wallet/exchange. because really i have been save my money in online wallet then i get lose in my invesment

[Kersh768]

My brothers, anything crypto currency is highly volatile, don't hope on a hopeless hope, whenever you see profit, take it.

I will keep saying it,
in crypto currency profit is the game, you can always take your profit no matter how small and you will be happier at d end

Like I always say, small money in ur bank account is far better than $3k in ur online crypto wallet/exchange,

it can only be better the moment it's converted to your local currency.

Invest in crypto, safeguard your profit.

NB: Just my believes and mindset, I would love to learn even further from everyone here.
Ignore my English too

Happy new year.

I agree. Better keep on track with those that can give you profit and grab the opportunity by taking it as soon as you can. No matter how small or big the profit offered, grab it because now in this forum as well in our vast cryptocurrency community, it is already hard to find legible projects that offer real profit as rewards. We must not be so choosy or demanding to always seek for large profit because it was really hard to find such this days. What is important is that you are still earning and do have something to sustain your needs from the income you can obtain by working into cryptocurrency. Just fast grab all the opportunities as long as there is and surely as time passes by, all of your patience and hard work on working into such will pay off and gladly you will just be happy and contented earning whether it is big or small profit.

[taufik123]

Today many new investors are only concerned with instant profits, but do not see the risks that will occur.
The risk of investing in crypto is very high because of the volatile nature of crypto.
to maintain investment in order to remain profitable requires patience and a strong enthal, because the crypto market is currently still not improving.
Take just enough profit do not force it so that you do not regret in the end.

[gwaposakon]

My brothers, anything crypto currency is highly volatile, don't hope on a hopeless hope, whenever you see profit, take it.

I will keep saying it,
in crypto currency profit is the game, you can always take your profit no matter how small and you will be happier at d end

Like I always say, small money in ur bank account is far better than $3k in ur online crypto wallet/exchange,

it can only be better the moment it's converted to your local currency.

Invest in crypto, safeguard your profit.

NB: Just my believes and mindset, I would love to learn even further from everyone here.
Ignore my English too

Happy new year.

You have a point. But I have read in one of the Tweet of a highly successful traders that "waiting for the best highs and lows is important. But sometimes knowing how to use the in-betweens would give you more profits". In crypto trading where it is highly volatile, timing when to buy and sell is very important.

[bitcoindusts]

I looking a like point crypto currency also risk and if you want profits always in crypto it's not possible because lot of smart people do not tell you surely profit chance. Bank good safety for save your money with they give you lower profits so crypto would like huge profitable chance if you can understand mainly.

Then if you want to have profits out wit them.  Make yourself smarter.  You did not make profit because of your point of view.  You think there is no or impossible to get profit so that is what happen to you.  If you happen to take advantage of the cryptomarket volatility then you can have yourself a profit.

[Bonwin]

If we all put that into consideration, then the mistake made by many would have been eliminated, which is GREED. Greed is an hair that has affected a lot of folks, whenever they invest or are in the process of trading.
Although, there are also times that holding a coin to a reasonable point, can bring in huge profit. Someone who want to do this, would have done a proper analysis and know what he is waiting for.

[Magkirap]

It's still going to be a stupid move if you sell off coins that have better potentials than others because you will regret your action later , the best advice you can give people is not to hold unto all coins, they should sell those that aren't strong enough

But according to what I observed most people would prefer to hold all the coins they have even though the price of the coin continues to decline and eventually becomes worthless. In my opinion, everyone has their own way of deciding to hold or sell the coins they have and whatever decision they make, of course they must be prepared with all the risks.

Indeed and you cannot really predict at all if a certain altcoin will boom in the next few years so it is hard to let go of your coins because of thw thinking that you might regret it later on. Knowledge is power so if you really want to clean your portfolio and only invest to coins that habe great potential then you should invest on learning, researching and analyzing although even if you do those you cannot 100% predict it but it will help not only letting go of shitcoins but also on your works here inside the crypto that can make your profit bigger.

[Bitbtc8]

Good advice OP but all this is happening because of present market condition, since everything in crypto space looks bearish it's better to take out your profits once you see some gains, not until market changes i will keep taking out my profit when i can

[slashz9]

but at least you count before take profit.
because opportunities will not come very easily, even though we know that market conditions can change at any time, so at least maximizing results is also important.
Happy new year, too.

[sayaya17]

For that reason, in trading I have never been greedy, once I made a profit even though it was not big then I sold it, I never held my coins with a very large profit, because when I want to be bigger, the market turns down and I have to wait even longer to make a profit, and I experienced it until I lost in trading.

[Colt81]

For that reason, in trading I have never been greedy, once I made a profit even though it was not big then I sold it, I never held my coins with a very large profit, because when I want to be bigger, the market turns down and I have to wait even longer to make a profit, and I experienced it until I lost in trading.

You need to have the patience when it comes to making the right profit, have an understanding about the market situation and have your own calculation how long it can break the resistance in a bull market and if you have those basic idea then you can make the maximum profit rather than holding for too long and sell when the market start to fall.

Patience is really the key when you are starting making profit with cryptocurrency because the market is volatile that you can't really say when will the market increase or decrease, so you should be ready with your profits that no matter what happens, you need to make the right desion when you saw that the market is down same goes to your holdings that you need to choose whether holding it for a long term or selling it before it goes down.

[Leonardo7]

I don't share the same belief with you. If we must always withdraw to our local bank account, how then do we benefit from cryptocurrency when a heavy bull run takes us by surprise? There is more to holding than just selling off your position. 2017 taught me a hard lesson when I should have been financially free, I invested in Ponzi instead of having my BTC in my wallet.

[SummerBliss]

Right now crypto currency is all about trading and thus, profits become an important part of it.
People hardly use crypto for the purpose it was created that is giving people an independent form of monetary system. Something which is not controlled by anyone and everyone is responsible for his/her money. The decentralized crypto currency is finding it hard to be used as one. We mainly use it for speculation purposes, to grow our investment and then convert it back into fiat for the actual use.