How do you use profits from the crypto market?

[synchronym]

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?

Basically we all invest in the hope of profit but if you dream of becoming a millionaire overnight before investing then you will not get a good profit from that investment, you will invest too hastily in the hope of extra profit and it will be seen that you may face loss. We all invest to earn some money finally we have to be patient if we can invest patiently we will get profit from that investment. We always have to have a long-term plan in investing, if we can invest after checking the market with a long-term plan, we can definitely achieve proper success from that investment. Many times it is seen that due to making bull decision in investment, the only reason we do not get the amount of money from investment is because of our wrong decision so we have to invest with right decision.

[Essential10]

Everyone has their own way of using profit in the crypto market, well I'm still a new Investor I haven't tasted profit for the first time, I just started this crypto journey recently, but I'm hoping to get profit from my investment. I started this crypto journey by making bitcoin my first choice, reason is because I know bitcoin has a good potential. I know those early investors must have gotten  a huge profit from bitcoin investment I think that's one of the advantage of investing in the early stage.

Although investment is a personal decision, if the investment sector is in the crypto market you need to analyze it properly. If you can't analyze the market properly you can lose your money. Many new people enter crypto market and find cheap coins and invest there and eventually they lose their money. Anyway, you chose bitcoin as your first investment, I think it's a good decision. Bitcoin current price above $63k, this Markets you haven't seen the face of profit either, but you won't be disappointed if the price of Bitcoin rises in the coming bull season, Bitcoin will enter new highs. Then maybe you will see the face of profit. Hold the Bitcoin investment until you reach your goal.

[Stablexcoin]

Good question! The little profit I took by selling two SOL i used it in diversifying into other altcoins like XRP and MATIC. I don't know but my instincts tell me to invest in these coins that have been in the crypto space for quite some time. If I had high profits that I could afford the ETH i would love to buy one ETH but currently, I am not financially strong enough to invest in it, I tried DCA approach but can't keep up with it. Perhaps I need to work on getting more income stream then I can start again.

[vs2014]

The number of crypto users here is also varied so you cannot follow anyone's profit trend. Because suppose i make profit from trading every day but if you start trading without any prior skills then you can face loss. Again i may be able to pick the best time and currency to invest but you may not. So stop following other people's trend and you practice what will be best for you, like in crypto you will get profit from trend investing, trading etc. but practice everything first.

[Tipstar]

I might have used like a $500 worth of crypto to buy some topup and giftcards, a $500 more in crypto to buy games and expansion packs and an exact $250, I withdrew as cash. Other than that all the profits I made in Crypto were reinvested in crypto. Thought the reinvestment ratio is more than 90%, I have not achieved the same level of success as on initial coins I buy. There have been multiple ups and downs in crypto and I have lost several times on hacks and bad investment choices. I would have felt better if I had withdrew all of my profit from my seed investment.

[redsun114]

There are many ways to profit from the crypto market but you need to understand the market patterns. Proper knowledge about the market and should proceed according to the plan. Long term investment is the way to get good profit but before investing you have to choose the top altcoins. One thing I realized that may not be obvious is that you can not only make money from taking profits but avoid losses by not taking part and buying back later.

Yes, I don't need to mention all of them because of that but one popular would be investing, if not trading. I won't say that we should rely on patterns because previous events are not always happening but rather market cycles like bear and bull are more accurate basis. There are also sure events like the halving. Back again on investing, before we do it, we need to do a research first.

It helps us to choose the right altcoin for us because there are also altcoins who are fast-moving but can die easily. The last thing that you said is obvious already but If one don't want to lose forever, then they must not get involved with the market, ever.

[Bulltard]

hookers and drugs. isn't that what everybody does?

[GideonGono]

My profit from crypto this year has all been reinvested, whenever I gain profit I would just reinvest it in other crypto currency.
But in the past when I get a profit from crypto I would turn it into Fiat, and buy something or eat out.
This time I am HODLING it all, I would keep it all in crypto reinvest all my profit and even a part of my salary until my portfolio had enough to buy a house  and live a comfortable life.

[johnsaributua]

My principle When trading in the market of course must separate between capital and profit, so that the price difference can be measured, I myself often use the crypto that I sell and exchange to fiat at will . the need for an arrangement and commitment in the portfolio. It's different if I get paid / rewarded from airdrops it's pure profit and sometimes I also throw it into retroactivity / buy a vps to run a simple node, for everyday and renovate my parents' house this year. Part of it I put aside on altcoins especially ethreum. I'm more concerned about the household budget than travelling somewhere of course dividing it to invest in crypto again. I think either free airdrops or trading in the market as long as it's crypto is suitable for me and I really enjoy it. I think profit and loss is normal but being able to rise and when to buy and sell can be learned, everyone's winrate is different and everyone has their own way of identifying and taking logical profits and minimising losses.

[Bushdark]

My profit from crypto this year has all been reinvested, whenever I gain profit I would just reinvest it in other crypto currency.
But in the past when I get a profit from crypto I would turn it into Fiat, and buy something or eat out.
This time I am HODLING it all, I would keep it all in crypto reinvest all my profit and even a part of my salary until my portfolio had enough to buy a house  and live a comfortable life.

Reinvesting could looks like a good strategy to make money in the market but we all have to be careful and we make or indulge in different investments. Reinvesting in crypto market can make us lose more if we are always eagered to earn from the crypto market as fast as possible. I am fully ready to take the opportunity that is available to make money nit trying to invest in the same coin over and over again which could reach a certain time when we could make loses.

[tengui]

1. I get profits from crypto usually from airdrops or bounties because I never do day trading or short-term trading. It takes me a long time to get profits from trading because I invest long term.
2. I use some of the profits to invest in popular altcoins such as ETH and BNB, the rest I use for investments in the real world and for living needs.
3. yes Very important, if you can consistently increase the value of your investment, the profits you get will be even greater.

[Stablexcoin]

My profit from crypto this year has all been reinvested, whenever I gain profit I would just reinvest it in other crypto currency.
But in the past when I get a profit from crypto I would turn it into Fiat, and buy something or eat out.
This time I am HODLING it all, I would keep it all in crypto reinvest all my profit and even a part of my salary until my portfolio had enough to buy a house  and live a comfortable life.

Reinvesting could looks like a good strategy to make money in the market but we all have to be careful and we make or indulge in different investments. Reinvesting in crypto market can make us lose more if we are always eagered to earn from the crypto market as fast as possible. I am fully ready to take the opportunity that is available to make money nit trying to invest in the same coin over and over again which could reach a certain time when we could make loses.

Are you possibly saying that when you earn or make profit from the crypto market, it is good we reinvest it in some physical business or in the stock market? I wouldn't deny the idea as a bad one but once it has to do with reinvesting there is still risk involved whether in cryptocurrency or other investment. Although it look like a business is a the best option here for reinvesting, this is because a business has the potential to yield profit certainly without having to fear of losing your money. You have a service you offer and take your money, you have goods to sell you sell them and take your profit.

[Jonyshake71]

I invested with some altcoins some months ago and glad that I'm in profit. Although my invest wasn't big cause I'm still holding some money to investment more. So I'm not going to sell my altcoins or not going to use my profit too Early. Rather I'll make more investment for upcoming time so that it can bring more profit for me and I think most of people will agree with you that, keep reinvest is a good way to increase your wealth, and so i do it.