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Author Topic: How do you use profits from the crypto market?  (Read 728 times)
strunberg
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March 07, 2024, 04:17:09 AM
 #81

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?

In fact, I have experienced profits and losses from the crypto market. But I am grateful because I got a lot of benefits from there. Answering questions number 2 and 3, of course I still take some profits and use the rest to increase the value of my investment. I'm not a trader but I'm a long term holder so that's why I often profit from losses. Crypto will still continue to move and develop. There are still many people in the world who are not familiar with crypto and I think the crypto market still has good potential in the future.


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March 07, 2024, 10:17:47 AM
Last edit: March 07, 2024, 10:28:18 AM by Kristiyana
 #82

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?

In fact, I have experienced profits and losses from the crypto market. But I am grateful because I got a lot of benefits from there. Answering questions number 2 and 3, of course I still take some profits and use the rest to increase the value of my investment. I'm not a trader but I'm a long term holder so that's why I often profit from losses. Crypto will still continue to move and develop. There are still many people in the world who are not familiar with crypto and I think the crypto market still has good potential in the future.
Likewise me I have been making profit ever since I started investing on this crypto market, sometimes if I make profit i use the profit to reinvest on other cryptocurrency but not often.

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March 07, 2024, 10:28:16 AM
 #83

Let's say that for now my profit from cryptocurrencies is really minimal, i hope to increase in the future, luckily i don't need it for everyday life so I reinvest them (the profits) completely, more precisely i put them on stake

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March 07, 2024, 11:25:16 AM
 #84

1. yes I get profit from investing and participating in bounties and airdrops.
2. yes. 50% I use investments in crypto and 50% I use investments in the real world such as gold and land.
3. Very important, because investment requires capital and how big our profits are also depends on how much capital we have. This means you can use the profits you get as additional capital.

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March 07, 2024, 11:47:30 AM
 #85


I want to hear from you:
  • Have you ever been profitable and taken profits in the crypto market?
HAVE just done recently , and yeah I kept doing that if given a chance like now that there are already pumping market.


Quote
  • How did you use that profit? Do you use that profit or reinvest it?
exactly , I have reinvested my supposedly profit mate lol

Quote
  • Do you think using profits is also important for your investment journey?

since when that profit is not important when you know how to use it in favor of you.









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March 07, 2024, 03:55:07 PM
 #86

Profit must be earned in order to use the profit.  That doesn't seem very easy.  Again, not too difficult.  No one here will share his entire journey with you.  Everyone has had both good and bad experiences in the cryptocurrency world.  But here people share more about good experiences.  You have to learn to invest first and learn to retain the profits after investing.  You need to have a good understanding of Hold and Sell.  Once you become proficient in investment, you can use your profits properly.  You don't have to teach it then.


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pawanjain
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March 07, 2024, 04:11:40 PM
 #87

1. Yes, I have been profitable many times but I don't sell all my coins at once.
2. I take profits whenever I am in need of it. The last time I booked profits and bought something from my wishlist.
3. Booking profits is a very important part of investing because if you don't book profits then your investments are as good as nothing.
Your investment strategy makes me quite curious and surprised: usually, investors seek to determine the distribution zone of the market to sell tokens to optimize profits instead of holding and selling them when need money like you are doing.

I usually keep USDT and gradually sell it to fiat when I need money in my life. For other tokens, including BTC, I still only buy and sell according to the market cycle, meaning I try to buy in the accumulation zone and sell in the distribution zone.

The thing is, I have kept my holdings in a wallet which I cannot access easily and so I don't sell it very often and that keeps me restricted and so I sell it only when I am in need of it.
Also, it does not mean that I don't look at the price when I sell because I do.
I was in need of it last time when it was around $21k but I knew it's too cheap to sell and so I didn't.
I arranged money from elsewhere and now is a good time to sell and so I will be taking some profits out in some days and use it for an upcoming occasion.

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March 07, 2024, 05:43:36 PM
 #88

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?

In fact, I have experienced profits and losses from the crypto market. But I am grateful because I got a lot of benefits from there. Answering questions number 2 and 3, of course I still take some profits and use the rest to increase the value of my investment. I'm not a trader but I'm a long term holder so that's why I often profit from losses. Crypto will still continue to move and develop. There are still many people in the world who are not familiar with crypto and I think the crypto market still has good potential in the future.

     We all experience that; all we need to do is learn from everything we do, whether we make money or not. Because I do day trading and compounding, which is the way I often do it, as long as there is a buying or selling opportunity, I will definitely do it to position myself in trading.

     And when I accumulate my profit in one day, I save 20% of it for my daily expenses. Only financial management and a timetable are needed for everything to be systematic.
If others know this for sure they can maintain profit here in crypto space.

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March 07, 2024, 06:49:40 PM
 #89


reinvesting your profit is the way to still be in the industry. you're gonna have to look at this trading and investing in crypto as your business to make money so that you can be in crypto for as long as you like. or take it as your second job. some of us have prepared to even pass their investment to their kids.

i have taken profit every bull run, and used the money for my house projects, and then reinvested the rest in the bear market. 









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March 07, 2024, 09:07:46 PM
 #90

Profit must be earned in order to use the profit.  That doesn't seem very easy.  Again, not too difficult.  No one here will share his entire journey with you.  Everyone has had both good and bad experiences in the cryptocurrency world.  But here people share more about good experiences.  You have to learn to invest first and learn to retain the profits after investing.  You need to have a good understanding of Hold and Sell.  Once you become proficient in investment, you can use your profits properly.  You don't have to teach it then.
We must find out way to earn profits in the system, I know it's not an easy tasks but we keep striving our best to fit in. Been proficient in the space is all about been able to handle the tough and milking moments in the space, it's usually doesn't come easy but the best we can do is to ensure we keep track of every income stream in the space. We all have enjoy profits in the space and also keep frowned faces when we recorded losses. Investing do take time but it requires the necessary goals to starts making stable income in crypto.

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March 08, 2024, 06:50:20 AM
 #91

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, cryptocurrency has been very profitable for me. I started by earning crypto through faucets and bounties, and then I used it for investing and trading.
  • In the past, I've used some of my crypto profits to buy things that boosted my productivity, like a new computer and motorcycle. Now, I'm planning to reinvest in crypto and invest in myself by upgrading my skills.
  • Yes, It's important for me to see the tangible benefits of my investment . It motivates me to keep going and know that my hard work is paying off.

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March 08, 2024, 08:55:21 AM
 #92


reinvesting your profit is the way to still be in the industry. you're gonna have to look at this trading and investing in crypto as your business to make money so that you can be in crypto for as long as you like. or take it as your second job. some of us have prepared to even pass their investment to their kids.

i have taken profit every bull run, and used the money for my house projects, and then reinvested the rest in the bear market. 
Reinvesting part of our profits is key, we must not forget that countries are printing fiat all the time, so if you do not reinvest part of the capital you have earned, a point could come in which your profits are no longer big enough to sustain you, but by reinvesting part of that money then you can stay ahead of inflation, and the more money you can reinvest, the faster you will achieve enough profits to make a very positive change to your life.
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March 08, 2024, 04:37:34 PM
 #93

Let's say that for now my profit from cryptocurrencies is really minimal, i hope to increase in the future, luckily i don't need it for everyday life so I reinvest them (the profits) completely, more precisely i put them on stake

Do you find trading to be extremely difficult? If not, why don't you try and learn trading so that instead of staking your profits you use them as your capital for trading? I'm not a fan of staking because the APR or APY is not very high when you stake stablecoins and it is full of risk if you stake unstable coins or tokens because if they lose value, you won't be able to access your staked assets so that you can sell them before them losing much value.

Trading can be much more profitable than staking, but all you need is to learn about it first. Learn about the market, trading practices, risk management techniques, and everything else that is required in trading and then start with a small amount first and increase it over time when you become a bit experienced.









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snowpega
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March 08, 2024, 06:36:16 PM
 #94

Do you find trading to be extremely difficult? If not, why don't you try and learn trading so that instead of staking your profits you use them as your capital for trading? I'm not a fan of staking because the APR or APY is not very high when you stake stablecoins and it is full of risk if you stake unstable coins or tokens because if they lose value, you won't be able to access your staked assets so that you can sell them before them losing much value.

Trading can be much more profitable than staking, but all you need is to learn about it first. Learn about the market, trading practices, risk management techniques, and everything else that is required in trading and then start with a small amount first and increase it over time when you become a bit experienced.

well said, dear before jumping into the trading space one should have sufficient knowledge about trading, and learn about market sentiments, if one has insufficient knowledge trading is just like gambling for him/her. what do you say about that do you agree or not? on the other hand, I do agree with you that staking involves risk last day I was going to stake BNB on the Binance to farm the AEVO project on the Binance launchpad.

I have never staked any amount in the crypto space then suddenly one thing reflected in my mind that if I stake my amount for now and after some days if BNB loses its value my earned usdt will be reduced as BNB already gained a lot of value to its price and I am expecting a kind of correction here (DYOR) so I ignored it haha. well dear both staking and trading both involve risk in their own way right but if we want to earn then we need to learn first then we should take any action accordingly on the basis of our knowledge.

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March 08, 2024, 07:01:05 PM
 #95

1. yes I get profit from investing and participating in bounties and airdrops.
2. yes. 50% I use investments in crypto and 50% I use investments in the real world such as gold and land.
3. Very important, because investment requires capital and how big our profits are also depends on how much capital we have. This means you can use the profits you get as additional capital.
The importance of developing life with good governance can be a good future for us. preparation like you is right for the long term we don't know what will come tomorrow. I also do the same thing by setting aside money from bounty or airdrop profits because life will change and it won't be the same as yesterday. The suffering of not having money haunts my mind, making me have to change my mindset

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March 11, 2024, 12:27:22 AM
 #96

Do you find trading to be extremely difficult? If not, why don't you try and learn trading so that instead of staking your profits you use them as your capital for trading? I'm not a fan of staking because the APR or APY is not very high when you stake stablecoins and it is full of risk if you stake unstable coins or tokens because if they lose value, you won't be able to access your staked assets so that you can sell them before them losing much value.

Trading can be much more profitable than staking, but all you need is to learn about it first. Learn about the market, trading practices, risk management techniques, and everything else that is required in trading and then start with a small amount first and increase it over time when you become a bit experienced.
I think trading is extremely difficult and has both opportunities and risks. The market survives on the losses of the majority, so many people choose to stake tokens to safely receive small profits rather than take risks in trading. When I hold USDT for DCA BTC, I also only get 10% APR from Simple Earn instead of investing in some altcoins that are growing 40-50% every day. Honestly, I also want to have a profit of 40-50%, but I'm also afraid that I will lose 40-50% every day.

For investors who want to participate in trading to make big profits, learning trading methods and choosing a method that suits them is extremely important. I advise everyone to prepare and experiment enough before trading with high frequency. I'm not good at technical analysis, all I know is EMA and Fibonacci so I choose DCA and hold BTC  Grin

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March 11, 2024, 02:42:16 AM
 #97

Do you find trading to be extremely difficult? If not, why don't you try and learn trading so that instead of staking your profits you use them as your capital for trading? I'm not a fan of staking because the APR or APY is not very high when you stake stablecoins and it is full of risk if you stake unstable coins or tokens because if they lose value, you won't be able to access your staked assets so that you can sell them before them losing much value.

Trading can be much more profitable than staking, but all you need is to learn about it first. Learn about the market, trading practices, risk management techniques, and everything else that is required in trading and then start with a small amount first and increase it over time when you become a bit experienced.
I think trading is extremely difficult and has both opportunities and risks. The market survives on the losses of the majority, so many people choose to stake tokens to safely receive small profits rather than take risks in trading. When I hold USDT for DCA BTC, I also only get 10% APR from Simple Earn instead of investing in some altcoins that are growing 40-50% every day. Honestly, I also want to have a profit of 40-50%, but I'm also afraid that I will lose 40-50% every day.

For investors who want to participate in trading to make big profits, learning trading methods and choosing a method that suits them is extremely important. I advise everyone to prepare and experiment enough before trading with high frequency. I'm not good at technical analysis, all I know is EMA and Fibonacci so I choose DCA and hold BTC  Grin
Trading is a form of investment that is why risk is involved. This time it is more risky than planing on buying and just holding. I have had the opportunity to play around my portfolio during this period to buy when the price drops a little and sell when the price goes up. What if i did and then the price refuse to go up as soon as possible it will hinder my strategy and that is why i just stick to what works for me

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March 11, 2024, 02:52:41 AM
 #98

1. yes I get profit from investing and participating in bounties and airdrops.
2. yes. 50% I use investments in crypto and 50% I use investments in the real world such as gold and land.
3. Very important, because investment requires capital and how big our profits are also depends on how much capital we have. This means you can use the profits you get as additional capital.
The importance of developing life with good governance can be a good future for us. preparation like you is right for the long term we don't know what will come tomorrow. I also do the same thing by setting aside money from bounty or airdrop profits because life will change and it won't be the same as yesterday. The suffering of not having money haunts my mind, making me have to change my mindset
agree, therefore we have to start investing from now because basically the thought of not having money comes because we can't see the future. There are many possibilities that could happen, such as being fired from work or failure in business. Not a few people invest in crypto for long-term goals, not for 5-10 years but to prepare for old age.

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March 11, 2024, 06:00:56 AM
 #99

In fact, I have experienced profits and losses from the crypto market. But I am grateful because I got a lot of benefits from there. Answering questions number 2 and 3, of course I still take some profits and use the rest to increase the value of my investment. I'm not a trader but I'm a long term holder so that's why I often profit from losses. Crypto will still continue to move and develop. There are still many people in the world who are not familiar with crypto and I think the crypto market still has good potential in the future.

What we have decided must of course be prepared for all the consequences. Choosing the short term is also good but we waste a lot of time finding out when to buy and sell and sometimes there are also people who don't want to bother with this, take the long term option.

Yes, there are also a lot of losers in investing in crypto like me and others because they are impatient and like to switch to Lan coins which look cheap at the time. However, what is clear is that making a profit in crypto is difficult and it takes quite a bit of time too.

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irsykes
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March 11, 2024, 02:34:42 PM
 #100

1. yes I get profit from investing and participating in bounties and airdrops.
2. yes. 50% I use investments in crypto and 50% I use investments in the real world such as gold and land.
3. Very important, because investment requires capital and how big our profits are also depends on how much capital we have. This means you can use the profits you get as additional capital.
The importance of developing life with good governance can be a good future for us. preparation like you is right for the long term we don't know what will come tomorrow. I also do the same thing by setting aside money from bounty or airdrop profits because life will change and it won't be the same as yesterday. The suffering of not having money haunts my mind, making me have to change my mindset
agree, therefore we have to start investing from now because basically the thought of not having money comes because we can't see the future. There are many possibilities that could happen, such as being fired from work or failure in business. Not a few people invest in crypto for long-term goals, not for 5-10 years but to prepare for old age.
investing in the crypto sector is very good as now the potential of altcoins is very good for us to take, but before we go we have to understand the state of the situation and the research we will do is important. Whether we make a profit or not, we have tried, basically mistakes become important lessons for the future. In terms of airdrops, bounties, altcoin investment is good, just how to research the data

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