Vincom (OP)
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₿itcoin maximalist
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February 01, 2024, 10:38:01 PM |
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The crypto market is warming up after the recovery of BTC and many Altcoins, the community is talking about expectations, about new ATHs in 2024 and 2025. It seems like everyone is very optimistic, very excited to think about a good future in this crypto market. Everyone is thinking about the profits they will have after this cycle, and I'm sure everyone has a plan to use those profits most effectively. I also have a lot of plans, but other than reinvesting in the market during the crypto winter to buy more tokens and get more profits in the next cycle, I think profits from the crypto market should bring positive values to my real life. I know that this crypto market is really potential and creates extremely large profits in the uptrend. A token's price increase of 1000% in an uptrend year is considered a weak increase and not an effective investment in the crypto market, stock investors are always surprised about this. But the market also contains many risks and creates pressure when investing, holding and trading. Many investors I know have looked much older after just 1 cycle in this market. It would be bad if profits continued to put more pressure on their lives, we only have 1 life to live ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) I am not a professional investor, I DCA so there is less pressure. But to be honest, I still cannot escape all the negative impacts of the market. I hold BTC and I'm happy when the BTC price increases, I'm sad when the BTC price drops, even though I have determined to hold BTC for 1-2 years and will not sell regardless of any fluctuations during that time. I think many other investors also have similar feelings, things will be worse for traders participating in Margin and Future! To balance those negative emotions, I always spend 50% of my profits from the crypto market to spend on family needs, usually buying gifts for members. The biggest joy I can mention is that in the previous cycle, I took profits in BTC and used the profits to buy a new iPad for my daughter to use. She loves it and even named the Ipad as "iBit" because I told her: the Ipad is gift from Bitcoin (and not from BTC Spot ETF of BlackRock). Don't worry, I still don't want to teach her DCA BTC, her childhood needs to be protected ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I know this joy is very small for many others, but it is big enough to give me more motivation to try harder in this market. There's nothing better than when profits from the crypto market become the joy of the person I love the most ![Kiss](https://bitcointalk.org/Smileys/default/kiss.gif) I know many people who enter the market and are very successful, they have huge profits but all they do is invest. They almost forget that they also need to spend and use the profits from the crypto market to make their lives better. I want to hear from you: - Have you ever been profitable and taken profits in the crypto market?
- How did you use that profit? Do you use that profit or reinvest it?
- Do you think using profits is also important for your investment journey?
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“If you don't believe me or don't get it, I don't have time to try to convince you, sorry.” Satoshi Nakamoto
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Wiwo
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February 01, 2024, 11:20:47 PM |
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Don't think anyone here telling you the profits or lives incurred in the journey will be telling the truth, because all of us have some hard stories that we may choose not to tell anyone due to privacy will keep it to yourself since the forum has given us some level of privacy.
But then we all have some kind of related experiences, which is the fact that we have all lost or profited at some point in time, as long as you just buy and hold a good potential coin such as Bitcoin and the other coins, so the ability to profits from the market is now in your hands and how you decide to react to the market is what becomes your reality and outcome.
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MAAManda
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February 02, 2024, 03:34:09 PM |
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First of all I want to say that you created such a great narrative for this topic. I thought that you're actually a professional writer, or is it really true that you're a professional writer? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) 1. Have you ever been profitable and taken profits in the crypto market?
Of course, there's no one on this forum who has never experienced profit and taken profit. 2. How did you use that profit? Do you use that profit or reinvest it?
Not sure about the percentage, what is certain is that I always use my profits for my family needs (I'm not married yet, but we really have a lot of needs in this house) and also don't forget to re-invest in another percentage. 3. Do you think using profits is also important for your investment journey?
Yes, it's important, because that's where the motivation to get more profits in the future comes from, but don't ever go all-out in using your profits, the value of your portfolio will be difficult to increase if you do it all-out. Don't forget about the snowball effect ![Cool](https://bitcointalk.org/Smileys/default/cool.gif) .
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Tipstar
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casinosblockchain.io
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February 02, 2024, 04:45:24 PM |
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1. Have you ever been profitable and taken profits in the crypto market?
The crypto journey for me has been profitable as I have a larger portfolio than how much I have invested on. Yet I'm not satisfied considering how early I had started and how much I've made profit. 2. How did you use that profit? Do you use that profit or reinvest it?
I for the most part do reinvest in. Sometimes losing while sometimes winning more. I also have a bad habit of gambling away my crypto profit on casino gambling. So, I haven't withdrawn anything till date. 3. Do you think using profits is also important for your investment journey?
Certainly. You are not going to live forever and you are not going to be young forever. You should take your profit and enjoy your. For me, I'm just hoping I won't get old till the next bull run.
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Kelward
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February 02, 2024, 05:05:54 PM |
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I want to hear from you: - Have you ever been profitable and taken profits in the crypto market?
- How did you use that profit? Do you use that profit or reinvest it?
- Do you think using profits is also important for your investment journey?
I'd say that if an investor that has been hodling Bitcoin, for many years with many times ROI and never touched it must be very rich and definitely has other sources of income that is more than sufficient to carter for every expenditure that will arise for them. Otherwise for average income earners, what is the essence of depriving themselves of some luxuries and cutting costs from their needs just to do DCA method, if they can not enjoy it sometimes? The logical reason is to let their money be working for them until when it's needed to do something meaningful and significant. So if an investor can have a long term budget on how to spend their investment returns, it'll will be a good plan. It's very ok for an investor to sale some percentage of their investment profit returns to spend on themselves and their family, afterall they worked hard for the money.
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batang_bitcoin
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February 02, 2024, 05:16:50 PM |
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Have you ever been profitable and taken profits in the crypto market?
Yes. How did you use that profit? Do you use that profit or reinvest it?
Just like yours, bought some of the things that I need and reinvested a lot into Bitcoin. That's like the cycle of my profits and investments on this market. I've got still some altcoins and plans to do the same. No change of plans. Do you think using profits is also important for your investment journey?
Of course, it motivates you to do better and invest more. We've got a lot of different reasons why we're staying on this market.
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Rent this sig space so that BTC goes to $100k.
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Lukmanfirdaus1
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hallo world ^_^
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February 02, 2024, 05:49:58 PM |
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Have you ever been profitable and taken profits in the crypto market? Yaa, I always do it because I am a daily scalper, so I always take the profits for my daily needs. Otherwise I will die of hunger ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) How did you use that profit? Do you use that profit or reinvest it? What's certain is that I use some for my daily needs, I save some for accumulated money. If Bitcoin drops, I will keep buying and buying until the money runs out lol. We don't know what will happen in the future, so I always divide profits into two parts, one for daily use, one for reinvest. Do you think using profits is also important for your investment journey? yes of course.
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leonair
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February 02, 2024, 06:59:43 PM |
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Well you talk absolutely right. Really your topic is very good. Basically you wamt to say that how do we use profits from the crypto market. I want to say that many other things profits from the crypto market. 1. Have you ever been profitable and taken profits in the crypto market?
Yeah, Every Experienced person profits and taken profit in this crypto market. Those who are not experienced can benefit very little from this crypto market. 2. How did you use that profit? Do you use that profit or reinvest it?
Okay I explain that, Profits use it in two ways. One part is spent on daily living and the other part is saved for next investment. I always use it when thinking about the next investment. 3. Do you think using profits is also important for your investment journey?
This is important part part of investment journey. I think that part of the profit comes from here and that's what it's all about.
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snowpega
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February 02, 2024, 07:11:56 PM |
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With my baby portfolio when I earn some profit I used to invest my earned profit into another project well I have invested the majority of my investment in Bitcoin and a very small amount of amount I invest in altcoins and when I earn from these projects I used the diversify my investment into different projects. I am not saying anyone to follow my technique because everyone has their own problems and responsibilities they have to tackle. So this is my plan for the coming bull season but I don't know which technique I will follow after bull season.
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DeathAngel
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February 02, 2024, 07:20:42 PM |
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I use profits from Altcoins to buy more Bitcoin, diversify into Trad-Fi assets & generally do little things that can make my life more enjoyable. If you do well in a less fashionable, not well known Altcoin & it does a big mve, obviously take profits but always leave some in the game for further price discovery.
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kentrolla
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February 02, 2024, 07:48:17 PM |
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1. Yes, I have earned a lot of profit profits in the crypto space and that's the reason I am still associated with it but the methods used for earning profit has been different like Trading, short term investment, long term investment and airdrops.
2. I have utilized my profit for both personal use as well as reinvestment but I have been bit stringent here and had reinvested a larger portion because it increases your profit margin.
3. Yes indeed, only if you use your profits you will get some sort of satisfaction and it will motivate us to work even harder in this crypto space because using profits are like tasting victory which will boost our morale.
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o48o
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February 02, 2024, 09:27:02 PM |
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Have you ever been profitable and taken profits in the crypto market?
-cut- Of course, there's no one on this forum who has never experienced profit and taken profit. -cut-
Vincom, you can find success stories all over the service formerly known as twitter. And sure, i have taken some out, but if i would be cashing out rich-level profits, i would definitely not say it. And i would suggest that no one else would either, if you don't want to get targeted. And obviously there are several people who are lying about their crypto riches while they are playing with pennies. MAAManda, There has been so many scams that i am positive we can find several people who have only lost money. How did you use that profit? Do you use that profit or reinvest it? Do you think using profits is also important for your investment journey?
I have used them for living. Nothing huge. Well, now that i think of it twice, it actually depends what you are comparing it to. But why are you investing in the first place if you are never going to usee those profits? That doesn't make any sense. You realize that never sell and hodl are just memes?
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Stalker22
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February 02, 2024, 10:21:37 PM |
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You make a fair point - those personal wins may seem trivial to some folks, but they can also mean a lot to some. And there is nothing better than seeing the joy on your loved ones' faces when your crypto profits give them something special. I have watched people rake in the cash only to forget to actually use it! They get caught up reinvesting everything back in, which is fine, but you gotta treat yourself sometimes too. A crypto-funded pizza party? Heck yes!
To answer your specific questions:
1) Have I made profits and cashed some out? You bet! Finally took that big family vacation weve always dreamed about.
2) Do I reinvest profits or use them? Id say I do both. Reinvesting for potential future gains makes good financial sense but enjoying some rewards helps keep things in balance.
3) Is using some profits important? Absolutely, 100%. Its all about finding that sweet spot between growing your investments and living a fulfilling life. Crypto shouldnt be all stress and charts.
So yeah, pulling out profits here and there to enjoy or share is hugely important for me. Keeps this rollercoaster rewarding on a human level.
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Churchillvv
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February 02, 2024, 10:45:34 PM |
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I want to hear from you: - Have you ever been profitable and taken profits in the crypto market?
- How did you use that profit? Do you use that profit or reinvest it?
- Do you think using profits is also important for your investment journey?
Like most people said as long ad you have been investing in the crypto space in one way or the other you most be profitable especially those of us in the forum, we have benefited alot from the market. although I'm still a newbie in the crypto space but at least I have profited from the market a few times now both on altcoins and bitcoin. For me I used the profit to settle my little expenses that rises on a daily basis, I mean what's the need of investing if you are not going to enjoy your profit. Additionally I used a part of the profit to reinvest but not on the same coin this time and i splited the profit to different areas and also keep some in fiat to my regular use, i guess that id meant to be called my emergency funds. Yes of course, what's the essence of investing of not to take profit. when you profit you use your profit wisely that's the only advise because we can not always be lucky every time.
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btc78
Full Member
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Offline
Activity: 2604
Merit: 217
Eloncoin.org - Mars, here we come!
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February 02, 2024, 11:01:48 PM |
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First of all your story with your daughter is heartwarming
As someone who enjoys gift giving and tries to prioritize other people’s gifts over mine, i do think of the future where i am able to give everything my loved ones deserve to receive but right now i have not personally taken out any profit yet from investments
I am still holding and I believe it can increase more so i will try to be more patient even though it is hard because i know in no time i will also be able to reap the rewards
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passwordnow
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February 02, 2024, 11:45:03 PM |
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I want to hear from you: - Have you ever been profitable and taken profits in the crypto market?
- How did you use that profit? Do you use that profit or reinvest it?
- Do you think using profits is also important for your investment journey?
1. Yes, but one regretful moment happened to me and that was when I took profit at an early period of time before the bull run. As I am always saying, the lesson has been there and I've learned from that but still, profit is profit and it's money. 2. A bit of was reinvested but the majority of that was used to the things that I need to pay like bills, small credit, etc. You know the typical person's life whenever we get money from any other source that we have? 3. Definitely, we invest to make money and so after we make money, that's the time that we're going to spend and buy those things that we have hoped to buy for with that investment we made.
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..Stake.com.. | | | ▄████████████████████████████████████▄ ██ ▄▄▄▄▄▄▄▄▄▄ ▄▄▄▄▄▄▄▄▄▄ ██ ▄████▄ ██ ▀▀▀▀▀▀▀▀▀▀ ██████████ ▀▀▀▀▀▀▀▀▀▀ ██ ██████ ██ ██████████ ██ ██ ██████████ ██ ▀██▀ ██ ██ ██ ██████ ██ ██ ██ ██ ██ ██ ██████ ██ █████ ███ ██████ ██ ████▄ ██ ██ █████ ███ ████ ████ █████ ███ ████████ ██ ████ ████ ██████████ ████ ████ ████▀ ██ ██████████ ▄▄▄▄▄▄▄▄▄▄ ██████████ ██ ██ ▀▀▀▀▀▀▀▀▀▀ ██ ▀█████████▀ ▄████████████▄ ▀█████████▀ ▄▄▄▄▄▄▄▄▄▄▄▄███ ██ ██ ███▄▄▄▄▄▄▄▄▄▄▄▄ ██████████████████████████████████████████ | | | | | | ▄▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▄ █ ▄▀▄ █▀▀█▀▄▄ █ █▀█ █ ▐ ▐▌ █ ▄██▄ █ ▌ █ █ ▄██████▄ █ ▌ ▐▌ █ ██████████ █ ▐ █ █ ▐██████████▌ █ ▐ ▐▌ █ ▀▀██████▀▀ █ ▌ █ █ ▄▄▄██▄▄▄ █ ▌▐▌ █ █▐ █ █ █▐▐▌ █ █▐█ ▀▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▀█ | | | | | | ▄▄█████████▄▄ ▄██▀▀▀▀█████▀▀▀▀██▄ ▄█▀ ▐█▌ ▀█▄ ██ ▐█▌ ██ ████▄ ▄█████▄ ▄████ ████████▄███████████▄████████ ███▀ █████████████ ▀███ ██ ███████████ ██ ▀█▄ █████████ ▄█▀ ▀█▄ ▄██▀▀▀▀▀▀▀██▄ ▄▄▄█▀ ▀███████ ███████▀ ▀█████▄ ▄█████▀ ▀▀▀███▄▄▄███▀▀▀ | | | ..PLAY NOW.. |
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oktana
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February 02, 2024, 11:47:54 PM |
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I think the average person has rather taken out their profit than re-invest it. If we are to be realistic, we need some money at some point and you can’t keep reinvesting everything. If you reinvest everything, how then do you pay for your bills, and other needs. What’s best is that you take the profit, use a fraction for whatsoever spending you need to do, and ready the remaining balance to enter into the market when you think it’s a good time to.
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Wexnident
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February 02, 2024, 11:56:41 PM |
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I am not a professional investor, I DCA so there is less pressure. But to be honest, I still cannot escape all the negative impacts of the market. I hold BTC and I'm happy when the BTC price increases, I'm sad when the BTC price drops, even though I have determined to hold BTC for 1-2 years and will not sell regardless of any fluctuations during that time. I think many other investors also have similar feelings, things will be worse for traders participating in Margin and Future!
Look a bit more farther if you're still feeling the negative impacts. Those said impacts should've been minimized since that's the purpose of DCA'ing after all. I want to hear from you: - Have you ever been profitable and taken profits in the crypto market?
- How did you use that profit? Do you use that profit or reinvest it?
- Do you think using profits is also important for your investment journey?
Yes, I've taken profit. Nothing too substantial but at the very least, I've seen a minimum of twice of my initial investment since I started. As for the profit, well, it just went back to crypto again. I rarely use the money I earn from crypto towards something else since I always want to make my portfolio grow. Well vice versa could be said the same though, any profit I make outside of crypto never goes into crypto. So my DCA mostly comes from campaigns and some side gigs I do. And naturally, using profits is also important. It's pretty narrowminded to think that after an investment profits then it's over. It's why you see businesses constantly push ou new ideas. Because they want their profits to make more profits. It just cycles, and the more it cycles, the greater the profit after each cycle.
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JeffBrad12
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February 03, 2024, 12:28:51 AM |
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reinvesting is essential imo if you trying to build wealth here, in crypto, those so called whales, always reinvesting their profit, i've observed various whales address and what they are doing is just investing and investing, basically repeating it until it their target, and even then they'd only take some small money out of it then reinvest the remaining again. personally i also tried to do that, but you know reinvesting isn't as easy as saying there are certainly many thing that might make the investment fail. speaking from experience though i've been profitable many times from investing in various coin more prominently newer coin and then i would take half of the profit to save and the other to reinvest, i believe its called compounding when you just reinvest your profit and it boosts the growth rate of our coin by significant amount.
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shinratensei_
Legendary
Online
Activity: 3206
Merit: 1026
Leading Crypto Sports Betting & Casino Platform
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February 03, 2024, 04:37:54 AM |
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- Have you ever been profitable and taken profits in the crypto market?
I have ever been profitable in the crypto market and it's still happening till now. I were buying zetachain and my investment is around 2.5x from my initial investment but i have taken some profits. - How did you use that profit? Do you use that profit or reinvest it?
I were reinvesting my profit to the staking project that will give points like blast or even eigen layer. There is guarantee token airdrop. That means my profit will generate me another profit for me in the future. Just think how your money will able to give you money. This is the best decision to always reinvest your profit. - Do you think using profits is also important for your investment journey?
Yes i do, your profit will help you to growth your investment. This will be also making the situation to be even better than before. I meant you were trading profit then your profit is also generating more profit for you. This is what im trying to implement and that's working. There are many chances to get more.
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