The struggle is real

[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.

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.

That depend on your plan so that will not be a problem if I want to take profits from Bitcoin that I hodl. Besides that, I don't sell all of my Bitcoin investment and only for small parts which enough for me to enjoy my temporary profits and re-buy in a low price.

I know the last price will not be bigger than the future price but I just trying to be realistic as I need the profit on the current situation. If you don't want to sell and enjoy the profit, that will be up to you.

No, I don't want to convert plenty of coins to fiat money at once because that can make the alarm sound and many eyes will comes to me. I prefer to convert for some and send it into my bank account using terms. I don't want to do that at once.

[tygeade]

Trying to cash out the profit, and yet want to be still in privacy makes no sense, because unless you are doing p2p with cash in hand, then you are not going to hide it, it's obvious, eventually you will turn that into fiat and that's where government will be able to see it.

So privacy coins never made sense to me, it literally has ONE possible scenario where you keep hiding it, which is meeting someone face to face, and getting cash for it, and hope that it is not counted and not marked, and not government, so you are acting as if you are a money launderer or a terrorist or a drug dealer, I would rather straight up use bitcoin and not act like I am Pablo Escobar.

[WatChe]

Perhaps you should leave your money always in Bitcoin if you are looking for some absolute control. In this world of cryptocurrency, you will almost likely have to choose from the volatility and privacy reliability at some point. And I wonder why you used  the unreliable DAI as an example here as well

Well, I was being kidding about the first remark about Bitcoin only. You might want to use LUSD if your fear is about the government or any one freezing your coin until you have the chance to buy your Bitcoin back.

Those who have fear that their coins will be freeze by government or any other law enforcement agency, for such people the best option is to keep their investment in Bitcoin and store these Bitcoins in non-custodial wallet. There is no way any agency will freeze such Bitcoins because of their decentralised nature. I prefer keeping all my funds in Bitcoin because Bitcoin is the one that controls the crypto market and there is huge risk involved in investing specially in new alt coins.   

[Asuspawer09]

The best move for sure was just to hold it on stablecoins, if you are going to convert it to fiat then that just means you are going to spend it or we could assume that, if that happeneds then you make a profit but thats already the end of it, I did it a lot of times in my years of investing and I would say that it wasn't really a wrong move since the goal most of the time was to make profit and you did make a profit and sell but if you are going to talk about long term investment, then it is going to be a different story since, cycle is just gonna continue if your on exit already then the investing ended, then your going to make a full reset again.

Change my method after a few years since I realize a lot of things, the best way to do it is to continue to accumulate through years of investing, small amount that is not going to hurt your financial foundation, at the same time saving and building your financial, if it doesn't hurt you financial then it is a good amount because that just means that you could continue doing it for years until the bullrun when you are hitting a profit because of the high market price sell a small part same as when you are buying a small volume. The main point was to buy and sell almost half of your investment, take profit, and buy the token when you have a good opportunity.

[Odusko]

The best move for sure was just to hold it on stablecoins, if you are going to convert it to fiat then that just means you are going to spend it or we could assume that, if that happeneds then you make a profit but thats already the end of it, I did it a lot of times in my years of investing and I would say that it wasn't really a wrong move since the goal most of the time was to make profit and you did make a profit and sell but if you are going to talk about long term investment, then it is going to be a different story since, cycle is just gonna continue if your on exit already then the investing ended, then your going to make a full reset again.

Change my method after a few years since I realize a lot of things, the best way to do it is to continue to accumulate through years of investing, small amount that is not going to hurt your financial foundation, at the same time saving and building your financial, if it doesn't hurt you financial then it is a good amount because that just means that you could continue doing it for years until the bullrun when you are hitting a profit because of the high market price sell a small part same as when you are buying a small volume. The main point was to buy and sell almost half of your investment, take profit, and buy the token when you have a good opportunity.

What have helped us to accumulate Bitcoin so much is DCA approach because with DCA one can buy Bitcoin in small quantity and not be under pressure to push in huge amount of money that they may not be able to control when the market goes against them, so while you are investing bits by bits, always have long term investments focus that way you avoid any fomo that may come along the way because of Bitcoin market volatile nature.

[Adams0001]

What have helped us to accumulate Bitcoin so much is DCA approach because with DCA one can buy Bitcoin in small quantity and not be under pressure to push in huge amount of money that they may not be able to control when the market goes against them, so while you are investing bits by bits, always have long term investments focus that way you avoid any fomo that may come along the way because of Bitcoin market volatile nature.

DCA method is the best way to start when you’re new to bitcoin investment that will surly help you a lot and minimize your risk. Because that will make you understand bitcoin better and knows how the market is going and you won’t feel scared of losing money because everything is all about strategy and plan. We all want bitcoin but we don’t want to lose and in investing we just need to knows in everything that will bring profit you need to face some little problems before everything can go well for you. So any struggling we’re facing in this time we will get the benefit later if we’re doing the right things.

[henmark]

Even though I value privacy, like everyone else, I sell USDT and USDC when it's time to make a profit.

Of course mate, because those stable coins are not even decentralized. If we want to profit, we should invest on a volatile crypto instead. Some can cash out using stablecoins to prevent volatility for a while but we should not park our profits there for a long time. There are plenty of risk though. Maybe if we are only waiting for a dip to buy, then it is exempted because a dip may also come often.

I also diversify in stablecoins. Sticking to just one stablecoin makes me uncomfortable.

So, you really treat stablecoins like a typical investment huh. Weird.

Trading while feeling uncomfortable isn't very good, so a solid foundation is better.

Yes mate. Confidence is needed in trading but there are also those that are confident despite they are dealing with volatilities, or in short they don't rely too much on stable coin or don't use it all. They embrace volatility, as it was the main aspect of trading, or cryptos.

[JoyMarsha]

The risk here is while sitting on your gains waiting for the next opportunity you woke up to the stable coin freezing your stables, how many people are actually thinking about this? And we said that we are escaping from total control of the government and centralised entities?

I have not actually thought about this risk. This is a kind of risk we can have a level of control over and can manage to the best of our ability. The options I will employ would be to split the profits into different stable coins. Where some could be in USDT, some in DAI and if the profit is not too much, some can be saved in fiat. But in all, I will try not to save for too long. The risks increases as the money stays idle for too long. Well, I am not bothered about this right now, as long as I am not ready to take profits now, the profits can remain in bitcoins even if volatility meets it.

We learn every day, I don't really know the risk that is associated with having your assets stored in stable coin for long, and I have been doing that, thinking that I have my profits in Bitcoin secured for long, to reinvest at any time I choose to.

Without wasting much of any time, I think I will resort to, having DAI as my stable, no longer USDT.

[Rubuchi]

Those who have fear that their coins will be freeze by government or any other law enforcement agency, for such people the best option is to keep their investment in Bitcoin and store these Bitcoins in non-custodial wallet. There is no way any agency will freeze such Bitcoins because of their decentralised nature. I prefer keeping all my funds in Bitcoin because Bitcoin is the one that controls the crypto market and there is huge risk involved in investing specially in new alt coins.   

all thanks to God that there is an option of storing your bitcoin assets in the cold wallet, if not for the cold wallet we would already been ambushed by the government of one of their policies or the other already. It does not look like the government wants to have a decentralized system like bitcoin because it stops them from centrally being in charge and control of the system. For many reasons which includes the financial freedom we are experiencing with the bitcoin and blockchain technology.

[Juicyhome]

all thanks to God that there is an option of storing your bitcoin assets in the cold wallet, if not for the cold wallet we would already been ambushed by the government of one of their policies or the other already. It does not look like the government wants to have a decentralized system like bitcoin because it stops them from centrally being in charge and control of the system. For many reasons which includes the financial freedom we are experiencing with the bitcoin and blockchain technology.

The government can actually learn form bitcoin and make fiat decentralized but they won't do it because it will make every citizens independent and government like to be in charge of the people,  they like to control the people, truly they're not ready to make fiat decentralized because of greed and embezzlement. 

Bitcoin make like easy for everyone,  buy ans sell as you wish without any middle man unlike real estate and other investments that you need agents to sell our investment , and in case of emergency you sell in low rate because no one to buy at your desire price,  but bitcoin is easy and accessible to sell. Bitcoin decentralization is the reason people are investing in it, anything that will end government control people seem to be interesting in it.

[Bryan jessy]

all thanks to God that there is an option of storing your bitcoin assets in the cold wallet, if not for the cold wallet we would already been ambushed by the government of one of their policies or the other already. It does not look like the government wants to have a decentralized system like bitcoin because it stops them from centrally being in charge and control of the system. For many reasons which includes the financial freedom we are experiencing with the bitcoin and blockchain technology.

The government can actually learn form bitcoin and make fiat decentralized but they won't do it because it will make every citizens independent and government like to be in charge of the people,  they like to control the people, truly they're not ready to make fiat decentralized because of greed and embezzlement. 

Bitcoin make like easy for everyone,  buy ans sell as you wish without any middle man unlike real estate and other investments that you need agents to sell our investment , and in case of emergency you sell in low rate because no one to buy at your desire price,  but bitcoin is easy and accessible to sell. Bitcoin decentralization is the reason people are investing in it, anything that will end government control people seem to be interesting in it.

Honestly if there was a way the government could manipulate Bitcoin they would have done that without a second thought, some how they did not totally buy this Bitcoin usage idea even if they have agreed deep down it is not really from their heart. making fiat decentralized is easier said than done, it is something I doubt the approval, because the government wants everything under their power, they want a commission from every service, therefore they can not afford such opportunity slip from them. And If a person most store their assets in any wallet, ensure it is safe and secure to avoid stories later.

[Finebone]

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?

Everyone may not have the same choice of action, but a real holder of Bitcoin will not sell prematurely with the hope of buying back in the future when Bitcoin price has dip. What if the value of Bitcoin refuses to dip and it keeps on appreciating to a point like almost double of where you sold from?
You will feel some regret because you sold too early, and at that point, you might be forced to buy at a higher price in the future if Bitcoin fails to dip to that price you sold at, so it's not a good practice.

Some investor might sell in profit so that they can use the funds to accomplish their goal, but if you want to sell prematurely and hold unto your profit, with the hope of buying when the price of Bitcoin dips, you must be willing to hold in usdt or any other physical asset, wether you like it or not.

[AGogi2003]

Everyone may not have the same choice of action, but a real holder of Bitcoin will not sell prematurely with the hope of buying back in the future when Bitcoin price has dip. What if the value of Bitcoin refuses to dip and it keeps on appreciating to a point like almost double of where you sold from?
You will feel some regret because you sold too early, and at that point, you might be forced to buy at a higher price in the future if Bitcoin fails to dip to that price you sold at, so it's not a good practice.

Some investor might sell in profit so that they can use the funds to accomplish their goal, but if you want to sell prematurely and hold unto your profit, with the hope of buying when the price of Bitcoin dips, you must be willing to hold in usdt or any other physical asset, wether you like it or not.

Anyone that sell all is bitcoin permanently he will something serious because selling all your coin when you have not achieved everything you need from bitcoin can be a wrong moves but he can probably be like is not interested in the investment anymore, or find another way of generating profit since he can’t get that mind and patience to wait for long term. But the real investors can’t sell everything once you need to wait and double your investment. That is why DCA is always good to do that can help you out but some people don’t always understand how he goes. In anything we’re doing nothing comes easy.

[Popkon6]

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?

This advice is for those who will trade, but remember that those who are ideal and long-term investors will not only convert their money into Bitcoin. Because they are holding Bitcoin for a long time, they will not take the help of USDT in any way, that's exactly what I do, I have converted my money into Bitcoin.
Because I do not trade, I do not need to keep USDT, USD. But for those who trade, you will follow this strategy correctly, but for long-term Bitcoin investors, it is different.

[Rubuchi]

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?

This advice is for those who will trade, but remember that those who are ideal and long-term investors will not only convert their money into Bitcoin. Because they are holding Bitcoin for a long time, they will not take the help of USDT in any way, that's exactly what I do, I have converted my money into Bitcoin.
Because I do not trade, I do not need to keep USDT, USD. But for those who trade, you will follow this strategy correctly, but for long-term Bitcoin investors, it is different.

you are right on point. Those who are into trading are the ones that even need to be checkmating their money here and there , converting from this currency to the other to make the quick profits they can make but those who have the mindset of venturing into long term investments will not think this way because for them, it will be more of how the investments will grow over a long period of time and not the short term gains or quick wins. When you are opting in for Bitcoin investment, there are no two ways about it. Your mindset has to be set based on the journey ahead which is for you to convert your funds into Bitcoin and keep it in a cold wallet preferably for a long period of time whether it’s in 4 years, 5 years or even more.

[Hewlet]

all thanks to God that there is an option of storing your bitcoin assets in the cold wallet, if not for the cold wallet we would already been ambushed by the government of one of their policies or the other already. It does not look like the government wants to have a decentralized system like bitcoin because it stops them from centrally being in charge and control of the system. For many reasons which includes the financial freedom we are experiencing with the bitcoin and blockchain technology.

The government can actually learn form bitcoin and make fiat decentralized but they won't do it because it will make every citizens independent and government like to be in charge of the people,  they like to control the people, truly they're not ready to make fiat decentralized because of greed and embezzlement. 

Is there any relationship between the government and anything that is related to the word decentralized? the government in their nature have always been strong about being in control of almost everything. the last thing you can assume them doing is that they create a system that they can not be in control of.

The challenge with taking profit is that you are likely going to be doing a lot of guess work in taking your profit because when bitcoin is getting bullish, you can not tell how long the bull is going to last and going on to convert your coin to USDT will only means that you are going to leave your coin in a centralized exchange or likely change it back to the fiat and leaving it in either place only means that they are prone to being easily spent.

[Oshio-man]

If you know the reason why you are investing in a particular coin, you have to know the reason why other investors are holding because that is a good strategy investors are using to exercise patience to hold to earn income they want from bullish season, you have not heard about holding, I think you should keep researching within this forum and you will see some threads that will make you to understand what will make you to start holding your coins when the price is low.

[barbara44]

Anyone that sell all is bitcoin permanently he will something serious because selling all your coin when you have not achieved everything you need from bitcoin can be a wrong moves but he can probably be like is not interested in the investment anymore, or find another way of generating profit since he can’t get that mind and patience to wait for long term. But the real investors can’t sell everything once you need to wait and double your investment. That is why DCA is always good to do that can help you out but some people don’t always understand how he goes. In anything we’re doing nothing comes easy.

Investing is more like holding for longer durations. If we are not prepared to hold for long term, there is no point in investing. One can only end up in loss if he/she decides to invest for a short time to test their luck. I can't imagine selling everything to exit the markets. Someone who is really frustrated would take this move and the only reason behind their frustration can be consecutive loss making decisions. They get so upset that they decide the leave the market for good.

For such people, I would say they took the right decision because their losses will continue to grow as time passes. In order to convert these losses into profits, one would need to change the way he/she thinks and reacts.

[Crytohillss]

Anyone that sell all is bitcoin permanently he will something serious because selling all your coin when you have not achieved everything you need from bitcoin can be a wrong moves but he can probably be like is not interested in the investment anymore, or find another way of generating profit since he can’t get that mind and patience to wait for long term. But the real investors can’t sell everything once you need to wait and double your investment. That is why DCA is always good to do that can help you out but some people don’t always understand how he goes. In anything we’re doing nothing comes easy.

Investing is more like holding for longer durations. If we are not prepared to hold for long term, there is no point in investing. One can only end up in loss if he/she decides to invest for a short time to test their luck. I can't imagine selling everything to exit the markets. Someone who is really frustrated would take this move and the only reason behind their frustration can be consecutive loss making decisions. They get so upset that they decide the leave the market for good.
For such people, I would say they took the right decision because their losses will continue to grow as time passes. In order to convert these losses into profits, one would need to change the way he/she thinks and reacts.

I accept that patience is one of the highest advantages an investor can have at the same time I don't think every decision to exit the market come from frustration. Sometimes people leave because their financial objectives or circumstances have changed the key factors is to invest with a clear plan manage risk properly and key learning from both win and from both wins and loses instead of making emotional decisions. So investors should know all this factors before investment.

[justdimin]

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?

Everyone may not have the same choice of action, but a real holder of Bitcoin will not sell prematurely with the hope of buying back in the future when Bitcoin price has dip. What if the value of Bitcoin refuses to dip and it keeps on appreciating to a point like almost double of where you sold from?
You will feel some regret because you sold too early, and at that point, you might be forced to buy at a higher price in the future if Bitcoin fails to dip to that price you sold at, so it's not a good practice.

Some investor might sell in profit so that they can use the funds to accomplish their goal, but if you want to sell prematurely and hold unto your profit, with the hope of buying when the price of Bitcoin dips, you must be willing to hold in usdt or any other physical asset, wether you like it or not.

Different people have different perspectives. Some people think that they can sell bitcoins now and purchase back once they dip further. These people would be ready to wait for the dip as they are not in a hurry to invest back. Their only hurry was to withdraw money for any kind of emergency.

These people do not worry much about the profits as long as they can get the right amount of funds at the right time. Most of these people would regret their decision as market keeps going in a positive direction instead of a dip so these people might miss their chance to buy bitcoins again. This is the sole reason why I always keep USDT on hand. We never know when and how we can get a profit making opportunity. We just need to be sure we don't miss these kind of opportunities and holding USDT keeps me well-prepared.