The struggle is real

[Republikcoin.com]

So, for beginners, I think you should spend much time researching and gaining more knowledge of trading before setting the number of revenue.Investing in Bitcoin and artificial intelligence has risks Everyone cannot “win” and a company cannot guarantee returns in these investments.

Before understanding the risks of any venture, it's not recommended for anyone to make hasty decisions, especially for beginners who still need to gain more knowledge over time. Because everyone who already knows the risks and their own level of knowledge will be more courageous in taking action in any matter, especially in matters like Bitcoin investment and market trading. Therefore, it's important not to be too hasty in making decisions if you have limited knowledge and don't fully understand the risks.

[michellee]

I will take the profits and keep it in stablecoins. I have three options stablecoins, USDT, USDC, and DAI. Splitting into three parts of each stablecoins will be good. I will convert them back to fiat but not all of them because I will adjust the amounts and only do that with what I need. If I keep that in fiat, that will sound the alarm and the bank will investigating my account. They can asks me from where the money and if they are suspicious, they can report that to my government. I don't want that happens so keeping in stablecoins is the good decision for me.

[Zanab247]

I will take the profits and keep it in stablecoins. I have three options stablecoins, USDT, USDC, and DAI. Splitting into three parts of each stablecoins will be good. I will convert them back to fiat but not all of them because I will adjust the amounts and only do that with what I need. If I keep that in fiat, that will sound the alarm and the bank will investigating my account. They can asks me from where the money and if they are suspicious, they can report that to my government. I don't want that happens so keeping in stablecoins is the good decision for me.

Taking profit in a short period of time is not good for those that want to succeed from BTC hodling to turn to a millionaires, because the last price will not be bigger than the future price and you need to be patient to achieve your right dream from BTC hodling. You can be selling your coins and converter them to stablecoin but you will not going to laugh more than the person that started hodling when the price of BTC was low without selling any of his BTC until the price double up in 5 or 6 years time before he or she can trade to smile with massive profits.

I don't know the country you will come from that will make you to convert plenty of coins to fiat money in your bank account, if you convert plenty of millions in your bank account in my country, the government officials will surely trace your identity to know the type of work you are doing to achieve plenty of millions in your bank account.

[Rikafip]

It would be better that you secure your assets in a private wallet, away from central authorities as it would give you full control over them.

You won't have full control over centarlzied stablecoins like USDT and USDC even if they are in your own non custodial wallet because issues can freeze them at any moment and there's nothing that you can do about it.

To be fair, chances of that happening are generally not high, but people using them should be aware of that possibility and act accordingly.

[danherbias07]

It's easy here in our country because there's the most popular digital cash application that accepts cryptocurrencies too. The hurting part is not in exchanging it for cash or fiat, it's the exchange. I understand they are making money, but the exchange when buying and selling is literally far away.
There's no problem turning it into cash, but it's the regret of losing a ton of money that will make you hesitate to withdraw the money. I guess they did that on purpose to avoid people getting in and out. The other problem is that they are doing KYC before you can withdraw a large amount. There's a limit depending on the level of the account.

There's still no privacy going in and out, but if it's keeping it safe as cash, I'd choose it.

[boyptc]

Brothers who cares about privacy, my question is how did you people do your thing when it's time to take profit and hold on to that profit for a while? Do you convert them back to Fiat or what? Or you just hold them in DAI?

The other way is to convert it directly to your fiat. But you take another risk as well like inflation probable collapsing although if you are in a stable country then that minimize that risk.

So, if you don't like to put that up into a stable coin, as I've said about your local currency. You'll have to give up with the privacy.

But that's the sad truth here if we want to retain the profits we made and are getting ready for the next buying out opportunity.

[coinlary]

~

In any case though, I thought that USDT is the best stable coins, but recently they have this history of freezing accounts.

   Tether froze over $182 million in USDT across five wallets on the Tron blockchain...

That's  the whole point of my reply, that they can possibly  freez their coin given out to  anyone from any wallet and at anytime  they possibly  want to pull it off.
The recent news isn't  the first either, there are numerous  freez  that have occurred  over the years :

Tether freezes 13.4M USDT across 22 addresses
 
Tether Freezes $5.2M USDT in Response to Phishing Scams

Tether freezes $150 million in USDT
Among others.Some are actually justified but then, there are some with little to no reason to understand what really happened.

The point is it can happen to anyone so far they or  their government  wants to achive it .