How do you use profits from the crypto market?

[YUriy1991]

I want to hear from you:

• Have you ever been profitable and taken profits in the crypto market?

Generally, many people decline because of the pump and dump of BTC. and this really hits the trades except those who want to be patient at least every 4 hours. If I'm wrong, please correct what I said, especially in the past 2 days.

Indeed, many people want to try trading in coins that have just been listed on an exchange, but the price is very quickly pushed down and many lose at that time.[/list]

[pinggoki]

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.

How's the profit with altcoins? I'm not a big fan of them as there's more scam in altcoins compared to bitcoin and it's difficult to find a really good project that will deliver what they've promised. Helpful tip for you, don't diversify too much because crypto is a volatile market unlike stocks or precious metals which is somewhat more stable than crypto if you put them side to side, try to stick with the most likely to get another all time high and an active community behind it because if you're blindly putting your eggs in different baskets, you'll be getting a lot of useless crypto in your portfolio.

[LogitechMouse]

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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?

I always believe that re-investing while you can is the best way to become rich especially in crypto market.
Yes there are times that you need to take a portion of your profits to enjoy what you've done, but re-investing a huge portion of it is always my strategy. I'm not a successful investor, but I already got profits which I used to re-invest as well. I consider myself young still (mid 20's), and what I believe is that, the younger you start, the better.

As for spending some of the profits, as an investor, and as a human being, there will always be a time that we need to be happy that's why we take some of our profits, but always take note that you don't need to spend ALL of that profits.

1. I've been profitable I would say, and I already took profits in the crypto market. I already did it many times, and I most of the time buy things that I need. Of course most of my profits are going to redistributed as well.
2. I already answered it. A small portion will be going to the things that I need, and most of that are being reinvested.
3. It depends. If you will use that profit in something that will help you with investing then it can be considered as important. For example, you will use that profit to buy a computer that will help you monitor the markets even better then it's important. What's not important is that, you used that profit to buy something that isn't helpful with your investment journey.

[cryptoknightt]

everytime i got profit i took 20-50% each month to my bank acc, that i use for daily need and living for that month.
then the rest i get is to put it back and take opportunity when it come, like degen, mint nft,take research in new project do they do aridrop or not.
trading sometime, and in january all good, i dont know if this month will be great.

[NewRanger]

everytime i got profit i took 20-50% each month to my bank acc, that i use for daily need and living for that month.
then the rest i get is to put it back and take opportunity when it come, like degen, mint nft,take research in new project do they do aridrop or not.
trading sometime, and in january all good, i dont know if this month will be great.

The cryptocurrency market does provide several benefits for many people and risk is an inseparable part of the investment world.

I think it's wise if that's the case, only now for beginners who are enthusiastic about trading in Crypto, it's difficult to navigate the current market because prices continue to fall drastically and that happens for Atcoins holders, not BTC of course.

[riantolie]

I usually use them to cover my debts or to buy food. I'd like to just reinvest them, but for now I'm not able to.

[Volimack]

If things go according to plan bitcoin will make good profits during the bull season. Bitcoin has halved and will reach higher positions ahead. Altcoins have some tricks up their sleeve because not all altcoins are created equal many coins are scams. As far as I am concerned investing is the right decision to profit from the crypto market. But for that you have to understand the good times of the market. Money will move forward in line with it.

[Sophokles]

What would you do with the profit from your crypto or your salary from your boss? Others will do something similar because we are all human beings and we have needs that need to be filled by spending money. Also everyone won't tell your true stories, as there can be some privacy concerns among a few people and this is something normal these days. We all have some kind of online presence in the internet so having some kind of privacy concern is appreciated so that we won't be social engineered.

[AnonBitCoiner]

• 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 think that one should invest some amount if he gets profit from it then use the initial sum of buying to buy again that asset or some other one and the amount of profit should be saved. In such case there will be less loss and a person will only use initial amount as a result of which they will continuesly win if they choose a good and profitable platform.
Using profit is not a bad idea but using whole sum like a person is using buying amount as well as amount of profit then it become risky so I think one portion should be used and other portion should be kept as a saved and unused. It is up to a person thoughts but I think this strategy will be beneficial in order to reduce risk and enhance profit.

[Y3shot]

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.

Using the profit gotten from. Altcoins to invest in bitcoin is a good one, because th mistake some people make is that they use the profit earned to reinvest in another altcoins which is very risky,  and it happens to be altcoins that does not have good market value. In cryptocurrencies one of the ways to secure your investment is to diversify in other reliable coin that has a food market value. I don't fancy when profit is invested in the same coin.

[bastian466]

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.

If I depend on financial situations and conditions outside of the funds stored in cryto, this means that if I have made a profit, there is usually a pause in waiting to start investing again. During this break, we are tested, sometimes there are many temptations to waste the money we earn, but in our hearts we want to use it to increase our investment capital again

[Obim34]

Yes, I have made a little profit from my investment despite how little it was. Reinvesting back the money including the profits can be personal, the profits can be used to solve one's current situation or be used to start up a new physical business or still be reinvested back into something much 100% risk fee, this is where Bitcoin investment comes in.

[GxSTxV]

• 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?

Have you ever been profitable and taken profits in the crypto market?
As a crypto user and investor from 2016 or earlier, yes I have been profitable in crypto market, mainly from bitcoin as the first and most safe cryptocurrency, beside other altcoins and other than crypto market, I have got extra profits from jobs and getting paid with crypto of different projects. Saving bitcoin only gave me much opportunities to stake and gain from bullish market.

How did you use that profit? Do you use that profit or reinvest it?
Basically, the profit from market was combined with my daily expenses and reinvestment, it wasn't a big sum of money but it helped me a lot. Mainly using the profit.

Do you think using profits is also important for your investment journey?
Building or starting a business from crypto market profits is crucial to avoid losses and help when the market is down, spending that money on something not profitable or creating a side income is very risky and could lead to bankruptcy.

[Sayeds56]

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 have successfully made significant profit in airdrop farming, such as I did on Manta network prior to its native token launch by providing Ethereum liquidity and spend only 50% of my profit for buying goods and services for my personnel life and remaining 50% I used to invest in Swell and Eigenlayer DEFI platforms.

Additionally, I also make good profit by using Spot Trading Bots on Bybit and Kucoin exchanges. I experienced that Bots perform well if they are used for event based trading, such as FOMC interest rates announcements and CPI data announcement, in such situation my favorite picks are Bitcoin and Ethereum coins, and it has proved to be a lucrative strategy.

[kentrolla]

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.

Using the profit gotten from. Altcoins to invest in bitcoin is a good one, because th mistake some people make is that they use the profit earned to reinvest in another altcoins which is very risky,  and it happens to be altcoins that does not have good market value. In cryptocurrencies one of the ways to secure your investment is to diversify in other reliable coin that has a food market value. I don't fancy when profit is invested in the same coin.

That's a blunder which some of the users make as they end up reinvesting into the same coin assuming it would yield them more profit but they need to understand that if a coins has provided profit which means it has pumped up and it might settle down by a dip or have a correction phase and if this happens when the user reinvest then they would be at loss and have to wait for months to years depending on the coins which they reinvested into to reach the breakeven while most of the users end up selling at loss. This is applicable for spot trading and investment and this principle don't apply for futures trading.

[ifarted]

I will use the profit to invest on different crypto and also save some of it for personal uses. We don't know if we might need money for something like emergencies and such then you will have money to spend. Anyway, not that I have tried trading and earning profit but if it ever happen to me then that's what I will surely do when the time comes. I simply need more knowledge for the time being before I delve into it.

[letteredhub]

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 should believe that every investment before it's to be made the investor has a time plan mapped out for the investment in taking profit within such period from the investment, and when it gets to the time planned the investor is faced with two decisions either to reinvest based on his state of finance and the amount of profit made or to take profit and channel it to other areas of his endeavors that needs financial push.

I have had times I take profit from my bitcoin investment to match up with what I have at hand to achieve a desperate project and it has been helpful, however that doesn't stop me from DCAing when I can too.

[Adbitco]

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.

Of curse people goes into investment due to the plans they already sets out for their life's and this could be the most difficult side of their life to reveal tell you what they want to do with their funds, there are people who are long time investors and doesn't care about the halving rather looking at the future price of bitcoin what it would cost by then compared with now, many people have involved themselves with DCA in order to gradually accumulate bitcoin within their power and from their little weekly/ Bi-weekly or monthly they could carved out some certain volume to invest for long time while they don't care about the halving.

[Bushdark]

I will use the profit to invest on different crypto and also save some of it for personal uses. We don't know if we might need money for something like emergencies and such then you will have money to spend. Anyway, not that I have tried trading and earning profit but if it ever happen to me then that's what I will surely do when the time comes. I simply need more knowledge for the time being before I delve into it.

After making some profits from a particular project, we can always use part of the profit and invest in other new or old project in the market. This way we can share our investment into different projects and make more peofits when the project before riped and start giving us results. Making money from the market is more of understanding and how to be a wise and smart investor that will not invest in cryptocurrency projects without doing any research that would help us make a better profits.

[oktana]

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.

If I depend on financial situations and conditions outside of the funds stored in cryto, this means that if I have made a profit, there is usually a pause in waiting to start investing again. During this break, we are tested, sometimes there are many temptations to waste the money we earn, but in our hearts we want to use it to increase our investment capital again

Well, challenges will come and not all of them can be evaded from. It could be your house rent, electric bill or anything. And if you don’t have the money to pay for them, you suffer the consequences because it’s not possible to not get it sorted out. There could be more challenges too. When you make your profit, responsibly take out what you need and maybe a little amount of what you want. The remaining can be either invested in another cryptocurrency or you wait for the one you’re watching to go back down.