Profit to Fiat | Bitcointalksearch.org

alyssa85

legendary

Activity: 1652

Merit: 1088

CryptoTalk.Org - Get Paid for every Post!

Quote from: highperspective on January 20, 2018, 09:58:38 AM

How often do you take profit back to fiat to lock the profit? And how much (percentage) do you take out, when/if you do?
I’ve been in the crypto space for 6 months now and haven’t done it yet, but I think I’ll lock my initial investment into fiat soon.

I took profits in December that were about three times my initial investment. I've let the rest ride.

Partly I cashed out because the price rose so fast it was clear it would fall back down. Partly because I was worried about mempools etc, this year is make or break for bitcoin, if they can't solve the scaling problem, another coin will take it's place.

BTCeminjas

member

Activity: 322

Merit: 23

You may lock your remaining capital once you achieved the goals that you want to earned in profit of bitcoin either in altcoin.
Yesterday i start collecting altcoin and bitcoin while it is dip in the cryptomarket using with my fiat, i hope I've earned this now like what they say here in forum. Then at least 30% of my profit that I've earned i automatically cut off those profit and the capital of i invested will still remain.

starsnshamrocks

full member

Activity: 168

Merit: 100

Hard to say these days. I personally stick to cryptos in regards to this matter instead of cashing out, but the recent pullback of basically all coins clearly shows if people would had cashed a few weeks ago .. before the meltdown .. they would had made a better decision, but that is easy to say afterwards.

AdamRay

member

Activity: 406

Merit: 10

Quote from: highperspective on January 20, 2018, 09:58:38 AM

How often do you take profit back to fiat to lock the profit? And how much (percentage) do you take out, when/if you do?
I’ve been in the crypto space for 6 months now and haven’t done it yet, but I think I’ll lock my initial investment into fiat soon.

It took me 2 months to get acquainted and get profitable from the cryptocurrency market. My first profit was 10% of the 0.1btc capital that I put in DGB then DGB was priced at 2000 sts, then DGB dropped very strongly, luckily for the first business and getting profit. pretty big. I think that at the beginning you should invest less and then increase when you master this market, which is the most reasonable way of trade.

BrewMaster

legendary

Activity: 2114

Merit: 1293

There is trouble abrewing

i can't remember the last time i went back to fiat! maybe it was somewhere around when bitcoin was $5000 where i sold a small because i needed the money.

other than that i go back to bitcoin instead. every time i make any profit in altcoins or on bitcoin itself, all of it in the end will go back to bitcoin and i transfer that to my cold storage. i did that yesterday where i bought in the dip.

ralle14

legendary

Activity: 3346

Merit: 1914

Shuffle.com

I rarely take my coins out. Once I get a 40% profit or higher from my investment that's the only time I plan to withdraw all my balance then after a week i'll make new deposit to start over again. It's up to you on how much you want take out from your balance because not everyone could gain the same amount profit and others have different plans with their money.

highperspective

member

Activity: 87

Merit: 10

How often do you take profit back to fiat to lock the profit? And how much (percentage) do you take out, when/if you do?
I’ve been in the crypto space for 6 months now and haven’t done it yet, but I think I’ll lock my initial investment into fiat soon.

Topic: Profit to Fiat (Read 140 times)