How do you use profits from the crypto market?

[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.

[redsun114]

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.

Life is not a race and so as this market and sometimes it was the slowest who start are the ones who can finish first, so there's nothing wrong of what you did there and you are literally doing great because you already experienced to profit. Congrats! As you now have more capital to use on your next investment journey. If we haven't sold our bags yet, we can just continue buying more.

It may seem that our fiat money is decreasing or are now gone upon doing this but it's only just an illusion. What actually happened is we only convert them to a more valuable currency that can continue to become more valuable as the time passes by. Everyone should think of it, so that it will also encourage them to invest and invest more.

[Nazmul012]

Firstly, i did loss and profit both from crypto industry cause not every time Market let you take the profit only. You have to take the burden of losses too. And I don't reinvest much cause i need to spend that for livelihood. But sometimes when i found the Market is in good condition then i invest to generate more profit. That's all. And its a common thing that, reinvest will make your capital increased. But not everyone can afford to reinvest even they wanna go for it.

[andyou1234]

The first time I got to know crypto was through a signature bonus, after I got the token and sold it, then I bought potential altcoins such as ethereum, binance, solana and matic, until now I am still active and participating with the signature bonus, and from this profit I always buy and increase crypto assets for long-term investment,

[Zanab247]

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.

I believe you will not spend the profit anyhow, because there will still be another bear opportunity where you can use the money to buy altcoins and hodl for another opportunity to come to earn again, and it will begin to increase your wealth.

Many people in this industry, started their investment with small money, but they have increased higher in profit making and they are still investing to continue accumulating their wallets, because they have a target which they want to achieve to establish other business which they will surely achieve them in the future.

There are still some potential altcoins you can invest and it will multiply your profit before the end of this year, because they pump when BTC is pumping in the market.

[Selingkuhan]

The way I profit from crypto is by managing the asset management of the initial investment. I parlayed the profits from previous investments into several crypto assets that I thought were worth investing in and always sold them when the opportunity arose.