Topic: How Do You Secure Your profits? - page 15. (Read 2023 times)
For me, I make it a point to withdraw some of my trading profits into fiat and kept securely. With my ICO's, I have to withdraw my capital and what is left, I purchase bitcoin and put it in my wallet for long-term hold.
I secure my profits by setting them aside and i don't usually use them anymore because my profit is my profit and i don't want to waste it so i just set aside it to my cold storage and use my capital again for making profits again and i do the same cycle every time i got some profits from my source of income.
You are very modest. Not all of the traders are using the same strategy. They are in most cases deciding to invest all of their bankroll; capital and profit.
Problem with this smart move is, even if it is most secure, it will not grant you the opportunity to gain bigger profit. If you want to earn some significant amount of cryptos risks must be made. 99 percent of the traders had entered the market world with the desire to make the big profit but for the extra profit, risks must be made.
What will happen when your initial capital is lost?. You must pull the funds from your cold storage to compensate that capital. That moves are only prolonging your goals to success. Everyone makes their own decisions but to succeed in the crypto world risks MUST be taken.
Personally, I would also postpone my profit. As you say, when it burned out, I took out my profit from storage and replenished the deposit. And if you risk the whole deposit together with the profit, what will you replenish your deposit if you burn it?
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
You can convert your profited amount of crypto into fiat currency or you can invest it on more stable currency like bitcoin or ethereum then your profits will grow slowly.But for me I will continue to hold that coin until it get into red mark then I will sold all the coins then invest on other coin
I cashout regularly and convert the coins into fiat money. It helps me to avoid big losses and go on trading further.
What I usually do is when the coins that I bought hits the price that I want and I think that the coin would still have a future, I would just trade some and get the capital that I have spent for that coin and the remaining coin would be my profit . But if I think that the coin would just go down after the pump then I would just sell all of my coin and save it in Bitcoin.
To secure your crypto value in times of huge correction you must hedge it to USDT. If there is no USDT pair with your current coin, sell your coin with Bitcoin then sell Bitcoin to USDT.
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
The profits that I get from my trading are use to trade again but the capital that I use are already been secured and keep away.
i dont secure my profits . i just reinvest it to make even more profit 
That is best approach brother. I must say if you are really implementing this in your life, you will be needing nothing for the supportive material and still you will be having a wonderful life. As the experts really insist people to invest for something. Keeping amounts with you in banks, they are not being used as they have right to be. So give them their right and use them, reinvest in different schemes and earn profits.
Do you guys who secure your profits convert it to usdt? Or convert it to actual usd in bank?
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
Actually, we have our own way to secure our profits which will depends on how we gonna use it. On my part, I will withdraw it to my wallet but not all and put it to my savings account in the bank. Also, I roll my profits on some of our family business which it so demand on our society. At first, I'm trying to hold my profit because I believe it will increase soon but in some point there is a time that you really need money that's why I withdraw some part so I can easily use especially for emergency purposes.
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
On my own way to secure my profit is I put it to the bank which I serve as our fundings that I can assure that is really secured. Obviously, we work in order to have money to support our daily expenses. Here in crypto currency community we can have much more profit especially during the time of increasing of coins that we have. In life on my opinion, if we want to have that kind of things we definitely going to buy it but in some reasons we need to be practical which only those things we need and not those what we want.
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
On my own way to secure my profit is I put it to the bank which I serve as our fundings that I can assure that is really secured. Obviously, we work in order to have money to support our daily expenses. Here in crypto currency community we can have much more profit especially during the time of increasing of coins that we have. In life on my opinion, if we want to have that kind of things we definitely going to buy it but in some reasons we need to be practical which only those things we need and not those what we want.
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
On my own way to secure my profit is I put it to the bank which I serve as our fundings that I can assure that is really secured. Obviously, we work in order to have money to support our daily expenses. Here in crypto currency community we can have much more profit especially during the time of increasing of coins that we have. In life on my opinion, if we want to have that kind of things we definitely going to buy it but in some reasons we need to be practical which only those things we need and not those what we want.
I secure my profits by setting them aside and i don't usually use them anymore because my profit is my profit and i don't want to waste it so i just set aside it to my cold storage and use my capital again for making profits again and i do the same cycle every time i got some profits from my source of income.
You are very modest. Not all of the traders are using the same strategy. They are in most cases deciding to invest all of their bankroll; capital and profit.
Problem with this smart move is, even if it is most secure, it will not grant you the opportunity to gain bigger profit. If you want to earn some significant amount of cryptos risks must be made. 99 percent of the traders had entered the market world with the desire to make the big profit but for the extra profit, risks must be made.
What will happen when your initial capital is lost?. You must pull the funds from your cold storage to compensate that capital. That moves are only prolonging your goals to success. Everyone makes their own decisions but to succeed in the crypto world risks MUST be taken.
Personally, I would also postpone my profit. As you say, when it burned out, I took out my profit from storage and replenished the deposit. And if you risk the whole deposit together with the profit, what will you replenish your deposit if you burn it?
I secure my profits by setting them aside and i don't usually use them anymore because my profit is my profit and i don't want to waste it so i just set aside it to my cold storage and use my capital again for making profits again and i do the same cycle every time i got some profits from my source of income.
You are very modest. Not all of the traders are using the same strategy. They are in most cases deciding to invest all of their bankroll; capital and profit.
Problem with this smart move is, even if it is most secure, it will not grant you the opportunity to gain bigger profit. If you want to earn some significant amount of cryptos risks must be made. 99 percent of the traders had entered the market world with the desire to make the big profit but for the extra profit, risks must be made.
What will happen when your initial capital is lost?. You must pull the funds from your cold storage to compensate that capital. That moves are only prolonging your goals to success. Everyone makes their own decisions but to succeed in the crypto world risks MUST be taken.
i dont secure my profits . i just reinvest it to make even more profit
That is best approach brother. I must say if you are really implementing this in your life, you will be needing nothing for the supportive material and still you will be having a wonderful life. As the experts really insist people to invest for something. Keeping amounts with you in banks, they are not being used as they have right to be. So give them their right and use them, reinvest in different schemes and earn profits.
Thats not completely true if you ask me. I mean investments are very risky and they could be subjected to the terms of trade. What happens if you end up loosing all the re-investtment in the first place. That would be really bad to see in front of your eyes and won't make your life wonderful. It would be loosing all the fun from the trades and investment.
Apart from this, reinvesting is like putting all the savings from your bank into the risk. Its always advisable that we should put only that much money which we are going to afford to loose. If we are not in that position then we better save most of the part and then go ahead with whatever is left.
If you're talking about securing profits when market is green or red, then i think you're talking about securing profits when you're still having a position in trading. Mostly i did secure my profits by using technical anaylsis, its hard to securing profits in crypto trading because the market didnt have any limit for any stop loss and take profits, also some exchanger dont have any trailing stops to securing profits. So i used different supports and resistance for it. It might be time consuming because we need to pay attention at the market everyday, but its worthy then losing money
i dont secure my profits . i just reinvest it to make even more profit
That is best approach brother. I must say if you are really implementing this in your life, you will be needing nothing for the supportive material and still you will be having a wonderful life. As the experts really insist people to invest for something. Keeping amounts with you in banks, they are not being used as they have right to be. So give them their right and use them, reinvest in different schemes and earn profits.
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
Actually, we have our own way to secure our profits which will depends on how we gonna use it. On my part, I will withdraw it to my wallet but not all and put it to my savings account in the bank. Also, I roll my profits on some of our family business which it so demand on our society. At first, I'm trying to hold my profit because I believe it will increase soon but in some point there is a time that you really need money that's why I withdraw some part so I can easily use especially for emergency purposes.
I am not a very good day trader. I primarily hold for long term and just take out what I need for living expenses, then will set certain targets to take some more profits out as my long term positions materialize to the goals I have set for them. This can be both very risky and very rewarding, but if two of my long term holdings succeed and reach the minimum target I have for them, I will be very relaxed in the future. Both my long term coins are also revenue generating holdings.
when I feel there's a chance that coins will drop. To secure my profit i will cash out some of my profit every month from crypto for daily needed and also to make investment in others asset like gold and real estate
Quite smart you are! This is inevitable that everything in this world is mortal and is going to end one fine day. Same is the case with digital currencies rather the volatile nature of cryptocurrencies is very much obvious and strong. They increase and decrease in values within seconds so for being on the safe side, it is good strategy to withdraw some profit monthly or with a gap of one month. What I really do is that I keep holding bitcoin but withdrawing altcoins. Jump to: