How do you use profits from the crypto market?

[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.

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[Sayeds56]

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.

It is true that  we all face challenges in real life and struggle to resolve them within our available resources, and some of them are dealt with successfully and other lingers over extended period. take long period of time . In my journey within the crypto space, I have observed significant impact on my income. Having engaged in various activities has provided substantial support, specially as income is in US dollars helps cushion the effects of local currency devaluation and inflationary pressures.

[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

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.

As you said, life's needs at any time, day, week and month are very different, especially for those who are married, so we have to really learn to manage our finances so that we can invest again and in the hope that this investment can change our lives for the better

[SandrCrypto]

When market rise you have a lot of profit from cryptocurrency but when market falls you lose all your profits and money.

[slashz9]

divide it into several parts and allocate it in a directed manner, for example I save some of it and put it back in to get a bigger profit.
Managing finances here is very important because we don't know what will happen in the future in the market, so there's no need to rush.

[idarasun]

divide it into several parts and allocate it in a directed manner, for example I save some of it and put it back in to get a bigger profit.
Managing finances here is very important because we don't know what will happen in the future in the market, so there's no need to rush.

managing finances is very important to do, and I think it's not just here managing finances wisely but almost in every aspect.

[GreenStox]

divide it fairly between living expenses and money used back to invest.
but right now there are a few things to consider.
I always take profits when I make a profit and put them aside into my main wallet for savings. and used for daily expenses.

[ivankoh]

• 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. Surely I, like many people here, have made more or less profit on crypto investments.
2. I keep the capital and use the profits to reinvest. I have not withdrawn my money for living expenses or emergencies because I work and have a salary to maintain those expenses without having to worry about these issues.
3. I think creating profit is like creating income for yourself and using it to make more money, which is very important for the path to financial freedom.

[Victorik]

You asked three questions. First question 'have you made profit in cryptocurrency?' the answer to that question is an emphatic yes. I am not much of an heavy trader, but I have made significant profits in cryptocurrency and to answer the second question, the proceeds from the profits have either been used to buy other tokens or spent to meet person needs. 

[Rampagoe004]

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 have experienced losses on crypto investments. That's an old story and it's a Macbook worth of losses. Not too big for some people but for me this is a very big loss because I don't have a commensurate income. That was my entire savings at that time. I learned some valuable lessons and I tried to get up and finally tried to do the DCA method on Bitcoin. Currently I haven't taken any profits but at least I have recovered my losses. In the end I have also made a profit because it has helped pay for my losses in the past.

[Huppercase]

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?

You are married and has kids, not everyone as investors are married and have kids. Some people live alone, some live with their friends while some live or stay with their parents and they have enough money to do these instead of selling their coins to buy items for kids and other family members but it's a good thing by the way, there is love in sharing and people will appreciate you for gifting them.

It's very good to take profits most especially in altcoins, there circle isn't guarantee to stay forever, every run has an end and you should be ready to plug your investment before it turns into water but what we do with can't be the same as we don't share the same problems. There are some crypto millionaires that don't have anything big in their rooms, just a TV screen and a bed and they are good, I'm serious.

*I personally wouldn't wait for market to be overwhelmed and too excited before jumping out, I don't trust altcoin that much, the ones I had were profitable and some didn't due to normal crypto things.
*Profit was use for what it was use for.
*As long as profit serve it's purpose, I don't have problem with it.

[trendcoin]

I'd like to start by admitting that I haven't made a profit lately. However, when I make a profit from cryptocurrencies, I use some of my money to meet my personal needs, some to chase positions to re-buy at cheaper prices, and some to invest in new projects. I believe that this market will grow. That's why I try to be in the market in general.

[uneng]

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, since I started dealing with cryptocurrencies I've been making consistent profit along the time. I'm not a trader, neither I've made profit from gambling when taking into consideration all the money I've already won and lost, so my profit comes mainly from tasks I execute online to be paid in crypto for my work. It's the best way to earn, because even though payrates aren't too high, at least it's a safe way to earn money on the internet, so it gives us the opportunity of saving and investing within time in order to grow this money.

2. I have been using my profit to invest in crypto market, to invest in real life businesses and on my education, besides also using profit made to pay for my basic expenses and once in a while for charity. To keep reinvesting is a great idea, because this way you make your money to work for you, rewarding larger and larger sums of money the more you reinvest. That is what I advice people doing, especially when they are young and full of energy to work.

3. Using profits in which way? To spend the profit made or to reinvest the profit? Both alternatives are important, because at same time you have to keep your investments sustainable on long run through new investments, you also have to enjoy the profit made somehow, otherwise it doesn't make sense to invest and work a lot to not get any satisfaction and pleasure in the end. Money exists to serve us, and not the opposite.

[SandrCrypto]

I withdraw profits from the crypto market and live on it. During the fall of the market you will lose all your profits that is why it is simple better to withdraw it.

[oktana]

When market rise you have a lot of profit from cryptocurrency but when market falls you lose all your profits and money.

It is only a long term holder that will hold their coin for that long in which even when there’s a pump, they see the need and potential to keep holding. But if you’re a short term holder, you eventually have to take your profit or you’ll watch it all come down. And when taking the profit, don’t use up everything because you want to go through the same cycle of making money. In fact most short term traders take out only bits of what they make.

[odunybiz]

I have never achieve my dream in the crypto space. So I always invest back my profit in crypto. I believe if I keep trying, I will make it up to my dream soon. So, I see any profit made as an opportunity to invest more, learn more and work more for more profit to come.

[tengui]

1. often, because I'm just an airdrop and bounty hunter. in other words, I often profit because I don't use capital.
2. yes, but mostly I use it for daily needs.
3. very important, but meeting life's needs is much more important. but I always try to set aside a little profit for my investment in crypto.

[Vincom]

1. Yes, since I started dealing with cryptocurrencies I've been making consistent profit along the time. I'm not a trader, neither I've made profit from gambling when taking into consideration all the money I've already won and lost, so my profit comes mainly from tasks I execute online to be paid in crypto for my work. It's the best way to earn, because even though payrates aren't too high, at least it's a safe way to earn money on the internet, so it gives us the opportunity of saving and investing within time in order to grow this money.

2. I have been using my profit to invest in crypto market, to invest in real life businesses and on my education, besides also using profit made to pay for my basic expenses and once in a while for charity. To keep reinvesting is a great idea, because this way you make your money to work for you, rewarding larger and larger sums of money the more you reinvest. That is what I advice people doing, especially when they are young and full of energy to work.

3. Using profits in which way? To spend the profit made or to reinvest the profit? Both alternatives are important, because at same time you have to keep your investments sustainable on long run through new investments, you also have to enjoy the profit made somehow, otherwise it doesn't make sense to invest and work a lot to not get any satisfaction and pleasure in the end. Money exists to serve us, and not the opposite.

You have so many clear and extremely interesting views on generating income, managing capital and using profits most effectively in this potential crypto market. Perhaps you have had to think carefully to have such a detailed plan, which is necessary to ensure the ability to make wise decisions when the market fluctuates too much, easily triggering extreme greed or fear!

Like you, I believe that it is extremely necessary to use profits to care for and maintain satisfaction and joy in the market. We come to the market not just to trade and hold, we come to seek opportunities and profits to improve our lives.

1. often, because I'm just an airdrop and bounty hunter. in other words, I often profit because I don't use capital.
2. yes, but mostly I use it for daily needs.
3. very important, but meeting life's needs is much more important. but I always try to set aside a little profit for my investment in crypto.

You have a really safe investment strategy when you don't need to directly invest capital into this market, instead you just need to spend your free time, effort and intelligence to generate income from the crypto market. Recent Airdrops are quite valuable like MANTA or JUP, I hope you have earned many great rewards.

Reinvesting with income from Airdrop can be considered a smart tactic: you do not need to bear the psychological pressure of fear of losing initial capital, while creating the opportunity to earn profits from your rewards.

[deathcode]

You have a really safe investment strategy when you don't need to directly invest capital into this market, instead you just need to spend your free time, effort and intelligence to generate income from the crypto market. Recent Airdrops are quite valuable like MANTA or JUP, I hope you have earned many great rewards.

Reinvesting with income from Airdrop can be considered a smart tactic: you do not need to bear the psychological pressure of fear of losing initial capital, while creating the opportunity to earn profits from your rewards.

This can be done when you benefit from a large enough prize from the airdrop. so some of it can be used to plan long-term investments and it can be a multiple profit when we place it in the right coins.
Investing the proceeds from the airdrop is considered a good way to build the strength of one's investment assets. it's the same as those who join signature campaigns on forums with Bitcoin payments. every week they get Bitcoin payments and it will grow their investment consistently.

[Mpamaegbu]

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.

You guys are extremely lucky now that there are various stablecoins. In 2017, it wasn't so. It was either one bought and hedl Bitcoin even if it was obvious it was going to dump or one swapped it to altcoins if one didn't want to exchange it to fiat. Then it was between keeping it more in ETH or leaving it in Bitcoin. There wasn't a way to peg it or tether it so to say then. If anyone was able to achieve that then, you can correct me. If that was the situation now, many investors would be converting to fiat once there's a sign of bear.

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 feel you on that one but then it's their choice. If anyone isn't spending or lavishing on themselves from their profit, it means they want to invest more for their tomorrow. It's still a wise investment choice.

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?

Number one question – Yes, I've made certain profits from investing and trading cryptos; not once and not twice. I can't count.
Number two – I reinvested some and then spent some on material stuff too. There's the need for work and chop 😏
Number three – Yes, it's important but you've to take cognizance of the time you're taking out profit and spending it without reinvesting. For instance, I won't embark on any spending now that's not necessary. I'm postponing every unnecessary spending till after the bull rally. This is because I know $10 spent now can become $100/$200 or more during the rally.