Topic: How Do You Secure Your profits? - page 8. (Read 2045 times)
Like any long-term investor I have no profit or loss every day, I just keep my assets in different coins for many years. Profit or loss can be considered when I decide to fixate in a bitcoin or fiat money.
Investing more and more from win, will secure your profits and should increase them.
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
when you're lucky then keep watch and when the market is so red directly exchange with Fiat.
the benchmark for Bitcoin trading with Fiat is Bitfinex (https://bitcoinwisdom.com/markets/bitfinex/btcusd)
I hope the link I put into your reference for profit.
huh? i think you said it wrong mate. he will definetly loose or cannot earn a profit at all if ever he continue to watch the market to go red. Instead the best thing he can do to secure his profits is sell or cash out immediately whenever he sees a good oppurtunity. Also , being green doesnt mean the price is already good, of course that will still depend on your goals.
In my case , i do secure my profit by converting my bitcoins into php or local currency inside a wallet/exchange called coins.ph
I do also heard that some people are using or converting their coins into usdt (tether) as what they called 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
when you're lucky then keep watch and when the market is so red directly exchange with Fiat.
the benchmark for Bitcoin trading with Fiat is Bitfinex (https://bitcoinwisdom.com/markets/bitfinex/btcusd)
I hope the link I put into your reference for profit.
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 prefer to continue my trading journey so all of my ptofits goes to my investment for a greater capital that may result for a greater return of 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
For me, I try to keep it safe by encashing it. I know it may sound unusual, but I do that because I don't want to keep my coins in my hands where it can change in value at any point making it lose its value in big percentiles. So, to avoid that, I hold the money I get from my investments instead and use it to either be placed as a savings or use it to start anew another venture by buying coins with it.
it's simple for me I will keep my cryptocurrency in my digital wallet and my fiat will be in my pockets. However if somehow they will get a few charges it won't be a problem for me.
I will secure the profit I get from a holder to buy a house and a car, after which maybe I will add investment in crypto and real estate
cryptocurrency offers a fantastic profit where we have often seen 100% profit in a short time. Therefore, it is actually very easy to secure a profit on this investment. My personal way is to secure some of the capital I use early, so it makes the risk that I face small if I decide to keep my assets in the long run because what I use is my profit. Then, the profit I left behind, I consider to be capital, so if it has achieved profit in accordance with the percentage that I expect, I will make the first step back. And so on.
The only method I make use of is converting my money to fiat when it’s right. I have seen someone in this forum mention that it’s possible to lock your capital with your Bitcoin and it will stay at the rate at which you locked it no matter how low it gets but I don’t believe that is possible, even if you do and so what? When you want to sell it you will still sell at the rate at which it is being sold currently.
So the only method I’m using is covering my money to fiat and waiting till it gets low then I will invest back my money and at a cheaper rate.
Saving and keeping money is not a problem. Problem is earning. If I make a lot of money from bitcoin or any other cryptocurrency. I will change them into real currency and invest them in some real business. Other source to secure my earnings is to buy some property because property itself is a business and a safe sector to save extra money.So the only method I’m using is covering my money to fiat and waiting till it gets low then I will invest back my money and at a cheaper rate.
The only method I make use of is converting my money to fiat when it’s right. I have seen someone in this forum mention that it’s possible to lock your capital with your Bitcoin and it will stay at the rate at which you locked it no matter how low it gets but I don’t believe that is possible, even if you do and so what? When you want to sell it you will still sell at the rate at which it is being sold currently.
So the only method I’m using is covering my money to fiat and waiting till it gets low then I will invest back my money and at a cheaper rate.
Saving and keeping money is not a problem. Problem is earning. If I make a lot of money from bitcoin or any other cryptocurrency. I will change them into real currency and invest them in some real business. Other source to secure my earnings is to buy some property because property itself is a business and a safe sector to save extra money.So the only method I’m using is covering my money to fiat and waiting till it gets low then I will invest back my money and at a cheaper rate.
I only gain profits from holding my bitcoin earnings for a month or two then to secure it after a month I will take my income and put it on my bank account and only remain the capital in my online wallet in that sense I get to secure my profits while continue working for my capital to grow further. Always priority the needs rather than on wants because this is the most important things on life should really be considered always.I agree on the fact that we do work
That is good idea, withdrawing profit is on of the best ways to secured our profits in the future, therefore using multiple wallet is also a good idea to protect our profits from the intruders and hackers. In my sight all people have a different opinion in terms of securing accounts and income that's why we need to respect it. My coins are divided into two which are for short term and for long term
This is often done by traders and investors that they keep withdrawing their profits time to time to avoid any serious loss. Those who are really following the strategy are real winners of the crypto market because they are never ever in stress because of the sudden dips in the prices of famous coins or the coins they are supporting. Future prediction is not always right and it is not simple that we will always get profits while the people who love to use the fast payment system then bitcoin is good for them and if we want to secure our profits then it is very good to invest in multiple projects
I only gain profits from holding my bitcoin earnings for a month or two then to secure it after a month I will take my income and put it on my bank account and only remain the capital in my online wallet in that sense I get to secure my profits while continue working for my capital to grow further. Always priority the needs rather than on wants because this is the most important things on life should really be considered always.I agree on the fact that we do work
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
When I feel market will drop and be bloody I convert it to my local currency but it's on bitcoin wallet then wait to high price again and some it cash out to save in bank so if I need to buy crypto again or buy something I have money to cash in in my bitcoin wallet.
For your specific example ETH trades in USD on Coinbase and GDAX among others. So you'd be taking your profits in USD, not bitcoin. Same with BTC and LTC on those exchanges.
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
One way I secure my assets is to convert them into money, because money does not matter if the market becomes "red"
I think the best way to secure you profits is to first take out your initial investment (or most of it at least) and put it back into your savings account and only use the profits to keep investing/trading with. Furthermore, once you've made even more money, you should begin to pay yourself by taking out around 25% of the profits, putting them into your bank account and then using the rest to grow your investment fund.
Option: 33% in USDT, 33% in bitcoin and 33% in the most promising altcoins in terms of rate growth.
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
One way I secure my assets is to convert them into money, because money does not matter if the market becomes "red"
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