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Topic: How Do You Secure Your profits? - page 10. (Read 2023 times)

legendary
Activity: 2520
Merit: 1040
Catalog Websites
May 01, 2018, 06:09:18 AM
What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down
My strategy when I am trading is I am setting a percentage always. Lets say for example I bought coin X for 1000 sats. I will set a 2-3% profit because that is usually my target price. When it reach its price, I will sell it immediately and move into another coin again. Its better to do short term trades than waiting for a long time for me.
member
Activity: 286
Merit: 10
May 01, 2018, 06:07:10 AM
What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down

I think the best decision is to withdraw 3/4 of your cryptocurrency income and let the remaining 1 part for the unexpected coins pumps. That's will help you to kill two birds with one stone - you have enaugh money for daily needs and operational money reserve  Wink
member
Activity: 364
Merit: 17
April 30, 2018, 11:45:24 AM
The method I do to secure the profits is, I'm not too greedy to take profits. I always sell when I get a little profit, about 10% of the initial capital. and I do not really expect too much profit, because I've suffered huge losses when I'm too hopeful with high profits. After that incident, I only take a 10% profit from every coin I buy.
sr. member
Activity: 686
Merit: 257
April 30, 2018, 11:43:42 AM
When I trade, I often sell when I get profit. And when the market goes down below the level I sold, I would buy it again or I would hold USDT to preserve the profits I had earned.
I am securing my profits by listing all the things that I just need so that I know how much I will withdraw from my funds, and after that looking for a good way so I can maximize my profit for example holding some tokens and some allotted for my saving for my education.
newbie
Activity: 124
Merit: 0
April 30, 2018, 11:16:30 AM
When I trade, I often sell when I get profit. And when the market goes down below the level I sold, I would buy it again or I would hold USDT to preserve the profits I had earned.
hero member
Activity: 1246
Merit: 529
CryptoTalk.Org - Get Paid for every Post!
April 30, 2018, 10:26:23 AM
What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down

I secure it by keeping it to a trusted and legit wallet. I divide the profit into parts which i will withdraw, deposit to bank anf trade. Therefore if hacking happens, I still have money saved.
Well i'm not a fan of banks now. If i'm going to withdraw any profits from crypto i'd likely invest it in some business instead of letting it sit in a bank. And a hard wallet is for me, really essential since it's the most secure way to keep my holdings.
sr. member
Activity: 540
Merit: 252
April 30, 2018, 10:05:54 AM
What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down

I secure it by keeping it to a trusted and legit wallet. I divide the profit into parts which i will withdraw, deposit to bank anf trade. Therefore if hacking happens, I still have money saved.
hero member
Activity: 1834
Merit: 566
April 30, 2018, 09:42:44 AM
I always convert it in cash immediately and then withdrawing it from my bank. Physical cash is the only thing that will make you safe from hacking.
Yes, conversion of your coin can save you from hacking but it definitely not the best way to secure profit in cryptocurrency trading and I believe Tether is back with $1. Therefore, one's need to convert the profit made into Tether and keep in a cold storage wallet cause chance for quick buy can occur anytime.
full member
Activity: 392
Merit: 100
April 29, 2018, 10:17:53 PM
I always convert it in cash immediately and then withdrawing it from my bank. Physical cash is the only thing that will make you safe from hacking.
member
Activity: 392
Merit: 10
Staker.network - POS Smart Contract ETH Token
April 29, 2018, 10:07:55 PM
I secure my profits by converting the half of it into fiat money immediately, I don't keep it on banks, i just keep it to myself because its not a big amount, I just want my money beside me so that I can use it whenever there is an emergency. The other half of my profit will go to buying of cheap coins whenever there is a price drop again.
member
Activity: 770
Merit: 11
quarkchain.io
April 29, 2018, 09:28:15 PM
I secure profits when i see a signifant increase of prices without any news. Most probably they just pump the price.. I will sold it and re enter as soon price is normalize again
sr. member
Activity: 322
Merit: 250
April 29, 2018, 08:22:16 PM
I divided my profits on crypto on percentage. Some are for my crypto investments and trading, then some will be converted to fiat and have it invested in low-risk high-profit investments. Then some will be for my myself (paying yourself first), my family and for gives (giving). I feel that doing these things will never be wrong.

I think you should wait for the signals coming from your blockfolio, and that's good thing about the profitable value on your coin. For me securing my profit can be a good strategy is through keeping those coins in your myetherwallet. Securing you coins is a safest ways on how to manage the funds you have because in the future you'll be earning great when your coins can establish its value.
sr. member
Activity: 784
Merit: 250
April 29, 2018, 07:57:18 PM
What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down

If I know that I already get a profit of course I withdraw the 75% then the remaining 25% I will use it again to make some trade agian in the platform to multiply or grow it to get profit once more.
member
Activity: 64
Merit: 10
April 29, 2018, 07:23:56 PM
Just holding and reinvesting. Spending is very low in my case.
It was a good strategy so far for me.
sr. member
Activity: 1190
Merit: 253
April 29, 2018, 06:24:37 PM
I divided my profits on crypto on percentage. Some are for my crypto investments and trading, then some will be converted to fiat and have it invested in low-risk high-profit investments. Then some will be for my myself (paying yourself first), my family and for gives (giving). I feel that doing these things will never be wrong.
hero member
Activity: 2268
Merit: 579
Leading Crypto Sports Betting & Casino Platform
April 29, 2018, 07:47:07 AM
As for cryptocurrency trading or investment the best way to secure profit is not to be greedy, no enough about coin before invest, always know the market price update and convert your holding or investment into Tether when the price is about to dump.
sr. member
Activity: 2422
Merit: 357
April 29, 2018, 07:35:22 AM
Definitely, get some of your profits and put some on bank savings or insurance. If possible , a percentage of just your earnings. Get some only if the market is green and not when its negative. In this you can lessen the risk by gathering some of your earnings
member
Activity: 294
Merit: 11
April 29, 2018, 07:20:43 AM
I sell coins and get a profit before the market goes down. When the market stagnates, I also wait and do not buy. When the market grows, I start buying, gradually increasing the volume of purchases
newbie
Activity: 210
Merit: 0
April 28, 2018, 10:20:43 AM
We are not sure that we will ensure profit without loss. The Crypto market is fluctuating frequently, so luck comes to us in part, in part depending on your knowledge.
member
Activity: 364
Merit: 10
BitSong is a decentralized music streaming platfor
April 28, 2018, 08:26:49 AM
when I make a profit, redeem it with fiat, and keep it in a trusted bank is my way to secure the profit I get. and that is a commonly used way. I just feel that it is the safest and easiest way for now.
Yes, keeping a profit in a good and trusted bank is a good way. Cryptocurrencies can not completely replace the fiat money. Although in the future this will happen)) Cool
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