Topic: How do you withdraw a profit? - page 2. (Read 326 times)
If you need money and you are holding tokens and altcoins, you can convert them into ETH or bitcoin and send them out to whatever site offers selling your bitcoins into your local currency and then you can withdraw your money from there. As long as you can find an exchange that is willing to convert cryptos into your local fiat currency and transfer to your bank account then you can get as much as you need.
If tou believe in your tokens and their projects i suggest to hold for long term for big profits, if you are in need of urgent cash then yes you can cashout at whatever the price you get and at the moment most alts are cheap so you will have to accept the current prices if you want to cashout now.
You are right, if you want more profit and believe in your coins, then you have to wait for the market to start to grow. You have to accept low prices when you urgently need money. I also sometimes need money and I have to sell my coins at low prices.
I use an exchange that is able to convert into my local currency and then simply sell. I don´t need any complex infrastructure because I don´t move lots of cash.
Hello everybody! I am very glad that our forum is people who are ready to help and tell everything so that our crypto community becomes stronger. I have such a question. How do you withdraw your profits?
I will explain with an example:
I withdraw my profit like that - I have a MEW wallet, there are tokens, if I need money, I translate them on ETH and then on to Fiat, as necessary. 20-30 $ in 1-2 days. And how do you do it? Do you take the whole amount off the tokens at once, fixing the profit at the pamp? Or, also output in small volumes. I'm curious to know how to do to lose less. Thank you)
Personally, I just drop my coins on the stock exchange when I want to sell them, sell, and then withdraw my money in cash through the partners I will explain with an example:
I withdraw my profit like that - I have a MEW wallet, there are tokens, if I need money, I translate them on ETH and then on to Fiat, as necessary. 20-30 $ in 1-2 days. And how do you do it? Do you take the whole amount off the tokens at once, fixing the profit at the pamp? Or, also output in small volumes. I'm curious to know how to do to lose less. Thank you)
My investments are divided into two sides, what I get from participating in bounty companies, I deduce them for use, while others I use as a long-term investment, for a year 3-4 full holda.
I withdraw usually monthly once to pay my bills and its on token that rises in value whenever it does and whichever.I never trade in loss.
And monthly i usually withdraw 250euros and thats it.For me CEX works perfectly
And monthly i usually withdraw 250euros and thats it.For me CEX works perfectly
I as much as possible try to hold to the tekena, almost never I sell them, only in the emergency sluchiya, I try to invest more, than to take out, I consider here the will longer lie, the value will be higher. Long-term investments are a victory.
no buddy i just reinvest to my profit and hold until 6 - 1 years because I believe with crypto do not rush to take profile you will lose the opportunity more money just for not be patient
If you have participated in a bounty campaign or bought tokens from ico but after a few weeks you realize that project is not living upto the expectations or it is different from what you were thinking then it would be better to sell those coins and hold eth and btc, these two are solid products and overtime value will also increase and secondly you can also cashout them anytime.
Individual strategies differs. Then again it depends on my current circumstances, sometimes you need fiat so badly and you convert damning the consequences.
As I am a long term investor I usually withdraw my profit when the market is good. And it’s totally depends on the location from where you are withdrawing the profit.
Hello everybody! I am very glad that our forum is people who are ready to help and tell everything so that our crypto community becomes stronger. I have such a question. How do you withdraw your profits?
I will explain with an example:
I withdraw my profit like that - I have a MEW wallet, there are tokens, if I need money, I translate them on ETH and then on to Fiat, as necessary. 20-30 $ in 1-2 days. And how do you do it? Do you take the whole amount off the tokens at once, fixing the profit at the pamp? Or, also output in small volumes. I'm curious to know how to do to lose less. Thank you)
I will explain with an example:
I withdraw my profit like that - I have a MEW wallet, there are tokens, if I need money, I translate them on ETH and then on to Fiat, as necessary. 20-30 $ in 1-2 days. And how do you do it? Do you take the whole amount off the tokens at once, fixing the profit at the pamp? Or, also output in small volumes. I'm curious to know how to do to lose less. Thank you)
It depends on what type of trade you have made, the type of coin you have bought and what percentage of your your portfolio that coin amounts to.
Generally i trade with not more than 10-15% of my protfolio, the rest i store in BTC/ether/monero as long term holds.
it is generally advisable though to always take some profits if a coins moons a lot ( say your investment in that coins is up at least 50-100% assuming a long term trade), and when you do sell as a rule of thub you should ideally split profits into
1) add 25%-30% of profits into your long term btc/ether stack
2) add 25-30% into your trading stack
3) maybe convert 20-30% into fiat to account for taxes (assuming you are going to pay it) if not its still advisable to convert at least some profit into fiat regularly
4) The balance 10-20% you could maybe use for more riskier trades/icos or just let it remain in the coin instead of selling it (if you feel the coin is worth holding long term)
Do you take the whole amount off the tokens at once, fixing the profit at the pamp? Or, also output in small volumes. I'm curious to know how to do to lose less.
it really depends on what token/coin you have in mind and when are were talking about. for example a token can be inside a pumping spree or it can be in the dumping craze or it may be stable with no volume. or it may be the initial release on the market. apart from the first case (on the pump) the rest of them means you should sell immediately and sell all. but when it is getting pumped you should sell slowly and sell in small batches to reduce the risk while taking advantage of the pump.
Hello everybody! I am very glad that our forum is people who are ready to help and tell everything so that our crypto community becomes stronger. I have such a question. How do you withdraw your profits?
I will explain with an example:
I withdraw my profit like that - I have a MEW wallet, there are tokens, if I need money, I translate them on ETH and then on to Fiat, as necessary. 20-30 $ in 1-2 days. And how do you do it? Do you take the whole amount off the tokens at once, fixing the profit at the pamp? Or, also output in small volumes. I'm curious to know how to do to lose less. Thank you)
It really depends on your strategy but mostly, people that trade cryptocurrency prefer to sell all when they are taking their profits this is because when a specific coin reached the amount where an individual thinks that the price might fall after hitting that value is that it will start to go down, and we already know that those new coins or tokens have low volume that can be easily pumped and dumped by big investors. What I do is also take all the profits when I trade altcoins and convert it to either fiat or Bitcoin. But in Bitcoin it is different, I have Bitcoins for trading and Bitcoins for long term holdings this is because it has the highest chance to gain more value in the future. I will explain with an example:
I withdraw my profit like that - I have a MEW wallet, there are tokens, if I need money, I translate them on ETH and then on to Fiat, as necessary. 20-30 $ in 1-2 days. And how do you do it? Do you take the whole amount off the tokens at once, fixing the profit at the pamp? Or, also output in small volumes. I'm curious to know how to do to lose less. Thank you)
If tou believe in your tokens and their projects i suggest to hold for long term for big profits, if you are in need of urgent cash then yes you can cashout at whatever the price you get and at the moment most alts are cheap so you will have to accept the current prices if you want to cashout now.
You are right, if you want more profit and believe in your coins, then you have to wait for the market to start to grow. You have to accept low prices when you urgently need money. I also sometimes need money and I have to sell my coins at low prices.
It depends on whether you like the tokens.
If be optimistic, then you only need to sell part, if not optimistic, then you can sell all.
If be optimistic, then you only need to sell part, if not optimistic, then you can sell all.
Hello everybody! I am very glad that our forum is people who are ready to help and tell everything so that our crypto community becomes stronger. I have such a question. How do you withdraw your profits?
I will explain with an example:
I withdraw my profit like that - I have a MEW wallet, there are tokens, if I need money, I translate them on ETH and then on to Fiat, as necessary. 20-30 $ in 1-2 days. And how do you do it? Do you take the whole amount off the tokens at once, fixing the profit at the pamp? Or, also output in small volumes. I'm curious to know how to do to lose less. Thank you)
ETH and then on to Fiat？？ Fiat is a car brand? Sorry I didn't understand what you meant. Your question now is to sell some ERC20 tokens? Or do you want to buy some altcoin?Or do you want to know how to dictate your funds? I will explain with an example:
I withdraw my profit like that - I have a MEW wallet, there are tokens, if I need money, I translate them on ETH and then on to Fiat, as necessary. 20-30 $ in 1-2 days. And how do you do it? Do you take the whole amount off the tokens at once, fixing the profit at the pamp? Or, also output in small volumes. I'm curious to know how to do to lose less. Thank you)
Hello everybody! I am very glad that our forum is people who are ready to help and tell everything so that our crypto community becomes stronger. I have such a question. How do you withdraw your profits?
I will explain with an example:
I withdraw my profit like that - I have a MEW wallet, there are tokens, if I need money, I translate them on ETH and then on to Fiat, as necessary. 20-30 $ in 1-2 days. And how do you do it? Do you take the whole amount off the tokens at once, fixing the profit at the pamp? Or, also output in small volumes. I'm curious to know how to do to lose less. Thank you)
Why don't you ask this question in the local tread? I think there you can get a more reliable answer which applies to your country. Withdrawal process depending on your location. Some scheme work, some not. If you ask about amount better sell all on the pump, if you like a coin, buy again on lower price.I will explain with an example:
I withdraw my profit like that - I have a MEW wallet, there are tokens, if I need money, I translate them on ETH and then on to Fiat, as necessary. 20-30 $ in 1-2 days. And how do you do it? Do you take the whole amount off the tokens at once, fixing the profit at the pamp? Or, also output in small volumes. I'm curious to know how to do to lose less. Thank you)
Hello everybody! I am very glad that our forum is people who are ready to help and tell everything so that our crypto community becomes stronger. I have such a question. How do you withdraw your profits?
I will explain with an example:
I withdraw my profit like that - I have a MEW wallet, there are tokens, if I need money, I translate them on ETH and then on to Fiat, as necessary. 20-30 $ in 1-2 days. And how do you do it? Do you take the whole amount off the tokens at once, fixing the profit at the pamp? Or, also output in small volumes. I'm curious to know how to do to lose less. Thank you)
Why don't you ask this question in the local tread? I think there you can get a more reliable answer which applies to your country. Withdrawal process depending on your location. Some scheme work, some not. If you ask about amount better sell all on the pump, if you like a coin, buy again on lower price. I will explain with an example:
I withdraw my profit like that - I have a MEW wallet, there are tokens, if I need money, I translate them on ETH and then on to Fiat, as necessary. 20-30 $ in 1-2 days. And how do you do it? Do you take the whole amount off the tokens at once, fixing the profit at the pamp? Or, also output in small volumes. I'm curious to know how to do to lose less. Thank you)
If tou believe in your tokens and their projects i suggest to hold for long term for big profits, if you are in need of urgent cash then yes you can cashout at whatever the price you get and at the moment most alts are cheap so you will have to accept the current prices if you want to cashout now.
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