Your strategy in taking profit

[BIT-BENDER]

4. Will your Lambo come before the parabolic market if your acquire certain profit?

Lambo for any coin depends on bitcoin bull. I'm not expecting altcoin bull for now except bitcoin moves. I'm just on acquisition for now, buying coins that has good features is one best thing to do now.

Not all crypto-coin will attach how it increase with the way Bitcoin would increase, I would be interested and I want to know which crypto-coin do you know or think will increase and that you have bought, this is excluding some altcoin at the top.
I don't buy altcoin, I don't trade yet will/may in future, Bitcoin it is, and if you excitement is waiting on bull to happen with Bitcoin and subsequently increase your other crypto-coin, this might not happen.

[abel1337]

Taking profit will differ with individual traders; base on period (long term and short term), coin type etc. I dont consider it to early to know the strategy to stay beyond the bull market and rather thrive through the bear.
 
1. What coin are you taking your profit?
 2. If stable coin, When do you plan to shift to it?
 3. What is the strategy to pay tax?
 4. Will your Lambo come before the parabolic market if your acquire certain profit?
 5. If the cycle in the space is really 4-5 years, what is the plan to cater for the long period of bear market?

1. Scalping some coins if there's an opportunity, I'm mostly trading BTC and ETH
2.Nope, I prefer to just use our local currency.
3. We don't have tax to pay in using cryptocurrency in our country 
4. I really don't know if I will get to that point in my life hahaha
5. Still acquire some bitcoin even it falls into disaster and hodl it!

[StephenJH]

The gold proverb suggests waiting: If you don't sell the trade can't be counted as a loss and the same is true for the win side. If the users doesn't take the winnings from the market, the profit is on paper only and the trading strategy wouldn't work here of course. Having a trailer stop is my best gun against such cases, the profit will be boosted unless market trend shifts against my original trading plan.

[Ryker1]

Well, there are too many ways in getting profit from your cryptocurrency coin holding. You can do trading and also have a lending service using your coin, --both are very risky but if you will succeed, you will completely earn with this strategy. Usually, I am holding for a long time and make a profit once there and the market will in a bullish trend, waiting in 4-5 years will perhaps have a good result. I don't want to risk too much my money and I avoid rekt, perhaps I am just only afraid and I don't like to gamble my crypto assets.

[pixie85]

1. Usually coins that I don't believe in anymore. I buy and sell in long intervals so I take profit when a coin pumps and I don't feel like it's worth holding anymore.
2. I stay away from stablecoins especially usdt
3. I don't pay any tax on crypto. There's no such requirement in my country.
4. I'm not going to buy a lambo. Ever. Cars are a waste of money.
5. I don't believe in 4-5 year cycles. The cycles are getting longer every time.

[Lanatsa]

The gold proverb suggests waiting: If you don't sell the trade can't be counted as a loss and the same is true for the win side. If the users doesn't take the winnings from the market, the profit is on paper only and the trading strategy wouldn't work here of course. Having a trailer stop is my best gun against such cases, the profit will be boosted unless market trend shifts against my original trading plan.

It wont be considered to be final or being concluded if you haven't done any actions just like on the scenario that you had mentioned and this is where people do differ into things

were they cant still be sure on when would be the time they would make such step for them to finalize if they would be on the profit or on the losing side.

Trailing stop function is good but it depends on how a certain trader would use it specially if you are a day trader.

Well, there are too many ways in getting profit from your cryptocurrency coin holding. You can do trading and also have a lending service using your coin, --both are very risky but if you will succeed, you will completely earn with this strategy. Usually, I am holding for a long time and make a profit once there and the market will in a bullish trend, waiting in 4-5 years will perhaps have a good result. I don't want to risk too much my money and I avoid rekt, perhaps I am just only afraid and I don't like to gamble my crypto assets.

Holding profits isn't really just great as much as you can possibly earn with active trades but somehow its pro's will lie upon on the risk percentage which is much more lower compared
if you do actively trade.

It doesn't matter which path you would take as long it do shows some advantage to you then that would matter most.

[Yamifoud]

Trading is not the prospect to anyone had afraid of high risk and holding is not also fitted to someone who was impatient. It is either we just hold or making trades and the most important is that we are comfortable doing it. In this volatile market, we can't certainly point out where we are going, market changes are inevitable, the government is started to collect taxes in some places, and for sure, it can be more difficult to think about the next LAMBO, another ATH. Yes, it is possible but the problem is if we are also been patient to wait for that moment.

[Shasha80]

Everyone has a different strategy for taking profit when trading, I rarely hold coins for a long time, so I will take profit when it is 3% profit.
I like day trading, so I always take 3% profit per day. My favorite coins are of course Bitcoin for taking profit, the volatile movements of
Bitcoin are very profitable for trading. And I use stablecoins only to secure the profit I get, so as not to be affected by volatile crypto prices.
For taxes I pay according to the regulations of the country where I live, because I don't want to be in trouble with the law. The profit that
I get now won't be able to buy Lambo, but one day I was sure I could buy Lambo from the profit I got from crypto trading.

[btc-facebook]

there is no strategy in paying taxes, if it's time to pay taxes then pay it, it's everyone's duty,
bearsih the trend is still very long, even today we are still not fully in the bullish trend,
Most people will rest when a bearish trend occurs, but for professional traders, bearish or bullish is not a problem to seek profit.

Trading is not the prospect to anyone had afraid of high risk and holding is not also fitted to someone who was impatient.

those who are afraid of risk are not only unsuitable for trading, but also holding cryptocurrency.
because cryptocurrency is full of risks and at any time the market price may fall very deeply.

[lienfaye]

I only take profit in my bitcoin. Im a long term holder of bitcoin but still taking profit at times when needed or the price is bullish. Actually I have a set target price on when to sell but its not bad to get a portion to enjoy my earnings then I just buy back to take advantage if there's a correction.

4. Will your Lambo come before the parabolic market if your acquire certain profit?

[/quote]
Well I dont really anticipate to have a lambo but rather an acceptable price to say that its really worth it to stay in crypto as an investment.

[Furious 7]

There are so many strategies about trading and just take a step in the profits especially in times of trend I am sure a lot of profit from DeFi especially in Yearn tokens even there is news someone got profit from token yearn $ 250k for me is fantastic.
But if you are able to do that, the profit will come to you but with me because of my limited capital, I took certain coin steps not to take risks, but I think that in the long term up to 4 years I would rather keep bitcoins longer than other coins.

[YOSHIE]

Of course the advantages that can be obtained in crypto trading, of course, with the knowledge possessed by the individual.

Of the 5 questions you ask, only 2 I can answer, my own experience (individual).

1. What coin are you taking your profit?

I trade / invest only 4 coins that I monitor in my trading market, with various reasons why 4 coins I choose.
1. Bitcoin
2. Waves
3. Ethereum
4. XZC
The four coins have the most valuable history for me until now, I can't possibly explain here the story is too long.

2. If stable coin, When do you plan to shift to it?

Every day I monitor the movement of the coin, if I see the condition of the coin has dropped and is stable I buy and vice versa, meaning: does not determine the time there is a good opportunity right away.

[barbara44]

Not all the people here are active traders nor intentional holders. There are people here who loves bitcoins and adopts it like how they do treat their fiats.  Do you ever think about deriving a strategy for your fiats?

I mean if you are already into a level of adoption on which assuming bitcoin for main stream then there will be no point of planning for taking profits. I am enjoying my bitcoins with that kind of strategy. I do buy bitcoins whenever it is available for cheaper prices and also I am spending bitcoins for my living and at price levels which is higher than my buying prices.

Simply, I am not selling my bitcoins for profits but for my living and at the same time, I am enjoying multifold returns for my investments in bitcoins but it takes years of time.

[Assface16678]

One of my strategies for making a profit is just simple.

Analyze the market.
Is this great to make an investment?
What is the particular news about the coin I want to trade?
There is something new about the market graph.
Do I go for a long term or short term.

Those are the starter pack I usually ask for my self before I made a decision to trade. I'm not a professional trader instead of just doing the basic steps.

I'm using to trade different coins.

[matchi2011]

One of my strategies for making a profit is just simple.

Analyze the market.
Is this great to make an investment?
What is the particular news about the coin I want to trade?
There is something new about the market graph.
Do I go for a long term or short term.

Those are the starter pack I usually ask for my self before I made a decision to trade. I'm not a professional trader instead of just doing the basic steps.

I'm using to trade different coins.

You need to have those information before taking your next steps, having a good plans will bring good outcomes. You just needed to lean with your knowledge, everything is achievable if you are really aiming for  good benefits, the basic principles of buying low and selling high still being practice by traders who continuously learning from this market.

[harizen]

Taking profit will differ with individual traders; base on period (long term and short term), coin type etc. I dont consider it to early to know the strategy to stay beyond the bull market and rather thrive through the bear.

That's right. We have different preferences in terms of taking a profit.

As for me, as much as possible, I like to take chances at any possible ways I see be it mostly on BTC, Stable coin or other tokens, even sh*t ones.

I don't have any specific strategy as we all know, coins have different behaviour and we have our own criteria before making a selling action. To put it shortly, there are factor or things to be consider depending on the situation. Shouldn't be a problem honestly for those experience ones.

[SquallLeonhart]

I am usually dealing with bitcoin and ethereum, all other coins are secondary and I do not deal with them too much, even if I end up getting involved for a short period of time I stop dealing with them after a while. But the reality is bitcoin/usdt and eth/usdt (or whatever stable currency that exchange has) means I also unwillingly deal with stable coins as well.

I pay taxes for my income thanks to my accountant, I really don't know how to do it myself, I send him all my data and he tells me what I need to pay and sends me the paperwork to fill. I really do not deal in order to become rich enough to buy lambo, having enough money to survive is more than enough for me, I am not planning on changing that at all. Hopefully it will soon be passive but that's it.

[StephenJH]

The gold proverb suggests waiting: If you don't sell the trade can't be counted as a loss and the same is true for the win side. If the users doesn't take the winnings from the market, the profit is on paper only and the trading strategy wouldn't work here of course. Having a trailer stop is my best gun against such cases, the profit will be boosted unless market trend shifts against my original trading plan.

It wont be considered to be final or being concluded if you haven't done any actions just like on the scenario that you had mentioned and this is where people do differ into things

were they cant still be sure on when would be the time they would make such step for them to finalize if they would be on the profit or on the losing side.

Trailing stop function is good but it depends on how a certain trader would use it specially if you are a day trader.

Taking profits in small steps will boost the trading activity but the profit percentage will stay at the same level. The time will not work against my trades and maybe I will not be able to take the full juice from each trade but the profit will be in my pocket in time. The advantages of the trailing stop can be used in volatile markets which can turn the trend against your trades faster than the blink of an eye.

[Yatsan]

Strategy on taking profit differs and matters depending on the individual himself on how he would deal with certain risks and circumstances for the sake of obtaining profit rather than loss. Also, the type of coins must be taken into consideration because different type of coins have different price movement and behavior which means different type of strategy or approach must be done to be able to gain profit. Mostly we are depending our strategy or approach by seeking information on the price charts as well as news about such coin so there is no definit strategy to be executed for all coins have their own price movement so you as the trader would adjust into what action must be taken to take profit from that certain coin you were trading with.

[LUCKMCFLY]

1. What currency is making a profit?
Bitcoin
 2. If it is a stable currency, when do you plan to change it?
Always, it is best to have my Bitcoin.

 3. What is the strategy for paying taxes?
It depends, if you have properties and you make important movements many times you do not pay taxes, I learned this from Rober Kiyosaki.

 4. Will your Lambo arrive before the parabolic market if it makes a certain profit?

I would like to have a lambo, but accumulating Bitcoins attracts more attention.

 5. If the cycle in space is really 4-5 years, what is the plan to address the long period of the bear market?

Hodl.

Normally my strategy has always been to try to understand what the whales do, follow and trade with the money of others, that is, to become the little fish that is always with the whale so as not to be eaten.