Take profits – But into what? - page 2.

iv4n

legendary

Activity: 3248

Merit: 1179

Quote from: zhekinsp on February 22, 2018, 03:40:53 AM

Quote from: KryptoK on February 16, 2018, 03:54:50 AM

Hi,

I started with Crypto Last Year in September so before the big run up where everything was green every day. That’s when you think you are so good in trading Cryptos😉

Everybody knows what happened … the little dip Shocked

and of course I didn't take any profits before the dip, so it was also hard to buy the dip afterwards.

My Question is now when I take profits to stake up for the next dip, into what should I convert it?
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
Do use Tether as it should be stable?

Let me know your way Cool

I think the dip is already over now the price is getting bumps so it is better to hold your coins until you make enough profit then decide whether to sell it or not.But it shold be based on what coins you are holding if that coin is a potential coin you can wait for that to recover or you can trade them for the potential coin like ethereum or litecoin then wait untill it will give profits,so patience is very important if you want to make profit.

He is talking about shortage, selling at top for fiat, and after drop to buy again same coin he sold earlier at top for much less money. Top was at 19000 dollars, dip was at 6000 dollars and now we are in the middle again, where the price will go from here is hard to tell, everyone has some opinion but reality is that bitcoin price can surprise us easily.
Tether is always 1 dollar, controlled by exchanges. They now have eurotether on ethereum platform, I don't use them personally. I think that earning from fluctuations is not for all the people, I catch this spikes sometimes but many times I miss them or sell to early, buy to early, that's why when I trade I don't do it with all my money. Be smart, buy when price is going down, if price continue to drop more you need to have money for buying more bitcoins and to wait rise. On each big rise sell something, not all maybe price can go up more and profit will be higher, have some bitcoins to sell at that time.

piratcoin

full member

Activity: 266

Merit: 100

Starting at now, your benefit will be in fiat as that is the standard medium, channel or instrument to your buys in your day by day lives. A few wallets offer bill installments which you can pay in BTC to pay your liabilities, so in that viewpoint you should not have to transform it into fiat money. Despite the fact that these administrations are offered in a few wallets, you can't depend on it much as regardless you're restricted on what you can do to your crypto coin. Hold up until the point when nation completely embraces its adaptable use in our day by day lives.

zhekinsp

full member

Activity: 882

Merit: 126

★777Coin.com★ Fun BTC Casino!

Quote from: KryptoK on February 16, 2018, 03:54:50 AM

Hi,

I started with Crypto Last Year in September so before the big run up where everything was green every day. That’s when you think you are so good in trading Cryptos😉

Everybody knows what happened … the little dip Shocked

and of course I didn't take any profits before the dip, so it was also hard to buy the dip afterwards.

My Question is now when I take profits to stake up for the next dip, into what should I convert it?
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
Do use Tether as it should be stable?

Let me know your way Cool

I think the dip is already over now the price is getting bumps so it is better to hold your coins until you make enough profit then decide whether to sell it or not.But it shold be based on what coins you are holding if that coin is a potential coin you can wait for that to recover or you can trade them for the potential coin like ethereum or litecoin then wait untill it will give profits,so patience is very important if you want to make profit.

Daimon88

full member

Activity: 397

Merit: 100

Quote from: Andrey123 on February 16, 2018, 05:08:58 AM

Everyone decides what to do.
A person can invest money in absolutely any coin, which you might not like.
He can wait a year, two, ten .... and blindly follow someone's advice, very stupid.

lol. Most times, people are looking to trade their coins, without the slightest knowledge of trading and at the end of the day, they find out they would have been better off holding. It is always better to leave trading to those who know how to do it best and then just hold the coins. However, if the trend of an altcoin is turning downwards, that can be a good time to sell and buy back into btc.

clarkt

full member

Activity: 658

Merit: 100

It is better to take profit into bitcoin. Fiat is not your best option I mean that's what everyone is trying to move out from, why trying to get back into it again. I hold and spend in bitcoin and if by any chance that you make good profit in your trading, you should save your profit in bitcoin.

ImSuparmin

full member

Activity: 490

Merit: 100

send and receive money instantly, with no hidden c

Quote from: qiman on February 22, 2018, 01:28:11 AM

I am not very good at selling on the high and purchasing in the dip. What I do generally s take out what I will need for my living expenses then I will just kind of hold long term the best cons that I feel have good promise to make those x 10 or x 20 gains at least over a longer period of time. I sometimes miss those all time highs though and that is very frustrating for me as in this last bull run I could have semi retired myself and my wife but unfortunately we missed it and the market just plummeted to all time lows which was a disaster for us.

I think so too, I am not good at selling coins let alone being a reliable trader, yesterday I also feel a high rise and I hold my coins, and the result is now the market price actually dropped dramatically and the losses I get.

ImSuparmin

full member

Activity: 490

Merit: 100

send and receive money instantly, with no hidden c

I think we take advantage can be by bounty or trading ,, as a beginner I choose bounty signature, because bounty signature does not take a big risk, do not recognize the loss and in the signature we do not require capital but have a fairly large profit even though not for trading .

jhongzjhong

full member

Activity: 798

Merit: 109

https://bmy.guide

Quote from: harizen on February 22, 2018, 01:51:00 AM

Quote from: KryptoK on February 16, 2018, 03:54:50 AM

My Question is now when I take profits to stake up for the next dip, into what should I convert it?
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
Do use Tether as it should be stable?

Let me know your way Cool

Try to find out what will be the answer after making some self analysis. Yes, turned that set of question of yours into plan and see if that will work.

Different people have different way so better make it to the point that try those hypothesis. On the way, there are might some failed analysis that can happened so in here you need to find out what is the better thing to do. After learning "that thing" and the result was good then considered that as your winning strategy then just do mofication a bit on your future trades.

This is a great idea you've shared, yes we had a different way to make a better and that thing we must improve.
Those failure that we don't wanted it happen again in trading, i must also prefer into fiat than to tether i most comfortable in using fiat when i purchase back in crypto currency that i want. But as of now i'm still holding all my crypto's in my portfolio i never convert on it into fiat due to low value of bitcoin these few months.

streazight

hero member

Activity: 910

Merit: 502

Quote from: eternalgloom on February 16, 2018, 05:46:57 AM

I keep my profit in BTC because it's way better for me in terms of taxes.
Capital gains tax isn't applied when you don't convert your BTC into fiat, at least it's not in my country. (US is different)

I also think that Bitcoin is a pretty good long term investment, even these crashes don't really scare me. I've seen it all before.

Way lot better! My target anyway is to always increase my BTC, so if I make profit in any alts, I end up using it to increase the quantity of btc I am holding, as what is the point holding the alt anyway, when it would go back down correcting.

At the long run, we are all here in this system for bitcoin and trying to stay away from fiat, so why will I bother converting into fiat. All the way to make bitcoin stronger.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: KryptoK on February 16, 2018, 03:54:50 AM

My Question is now when I take profits to stake up for the next dip, into what should I convert it?
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
Do use Tether as it should be stable?

Let me know your way Cool

Try to find out what will be the answer after making some self analysis. Yes, turned that set of question of yours into plan and see if that will work.

Different people have different way so better make it to the point that try those hypothesis. On the way, there are might some failed analysis that can happened so in here you need to find out what is the better thing to do. After learning "that thing" and the result was good then considered that as your winning strategy then just do mofication a bit on your future trades.

Indrawan77

hero member

Activity: 1274

Merit: 516

I usually convert it to fiat, because I need the stable currency, if I convert it to other crypto, it has the possibility of losing value, tether is also not bad because it is quite stable, but it will take time to convert to tether, it is more simple to just convert to fiat and it can be used directly to buy other coin whenever I have the chance

qiman

hero member

Activity: 1036

Merit: 504

I am not very good at selling on the high and purchasing in the dip. What I do generally s take out what I will need for my living expenses then I will just kind of hold long term the best cons that I feel have good promise to make those x 10 or x 20 gains at least over a longer period of time. I sometimes miss those all time highs though and that is very frustrating for me as in this last bull run I could have semi retired myself and my wife but unfortunately we missed it and the market just plummeted to all time lows which was a disaster for us.

geopolisch

hero member

Activity: 1022

Merit: 511

Quote from: KryptoK on February 16, 2018, 03:54:50 AM

Hi,

I started with Crypto Last Year in September so before the big run up where everything was green every day. That’s when you think you are so good in trading Cryptos😉

Everybody knows what happened … the little dip Shocked

and of course I didn't take any profits before the dip, so it was also hard to buy the dip afterwards.

My Question is now when I take profits to stake up for the next dip, into what should I convert it?
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
Do use Tether as it should be stable?

Let me know your way Cool

It depends on your own pattern of trading. Most times, all the coins or tokens can be converted to btc and then you can hold your btc strong and buy back the dips of the altcoins for profit, so as to increase the holding of your bitcoin in the long run.

Also, you can decide to turn your btc into fiat, and then buy back lower, but that is in the case that you are sure bitcoin is turning down, and you do not end up being a victim of a bear trap.

lil_jb

newbie

Activity: 56

Merit: 0

I recommend fiat , I don't trust tether . as for predicting a dip its hard to tell when its actually gonna happen so good luck with that .

davidroux

sr. member

Activity: 625

Merit: 250

io.ezystayz.com

the biggest way to earn profit is that you must believe in your coins if you have researched carefully. The market always fluctuates and depends on the information very much. If you are not patient, you are easy to lose money

Caladonian

hero member

Activity: 1302

Merit: 540

Quote from: olia10 on February 20, 2018, 11:15:42 PM

The market is speculative, can sharply grow and fall. Intraday fluctuations of the Crypto-currency may be 25%. You need to have iron nerves to withstand the jumps, because you can lose everything. At the same time, how much will bitcoin cost in 2018, it is not known, because all bold predictions have already come true.

Well said, with perfect timing you will be able to play around and gain a lot, taking profits in a day trade is nice but doing it in the long term will be much better, a lots of matured traders realized the big benefits of holding and wait for the a much bigger value, alts and bitcoin will bring huge earnings if we
know how to find the advantages.

btcformula

full member

Activity: 378

Merit: 101

Best way to take profit in USD , BTC, ETH. This will increase BTC & ETH fund. Problem is markets can up & down so for this USD also good option to take profit.

olia10

member

Activity: 168

Merit: 10

The market is speculative, can sharply grow and fall. Intraday fluctuations of the Crypto-currency may be 25%. You need to have iron nerves to withstand the jumps, because you can lose everything. At the same time, how much will bitcoin cost in 2018, it is not known, because all bold predictions have already come true.

Hemady17

member

Activity: 505

Merit: 35

Quote from: KryptoK on February 16, 2018, 03:54:50 AM

Hi,

I started with Crypto Last Year in September so before the big run up where everything was green every day. That’s when you think you are so good in trading Cryptos😉

Everybody knows what happened … the little dip Shocked

and of course I didn't take any profits before the dip, so it was also hard to buy the dip afterwards.

My Question is now when I take profits to stake up for the next dip, into what should I convert it?
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
Do use Tether as it should be stable?

Let me know your way Cool

It's good thing that you get the crypto in low price. Gone are the days where the BTC price was under 300 USD. Let assume that you profited around 5000% of your initial investment, the thing I would do are:

   1. 50% of gain would be retain in my original portfolio
   2. 30% would go to re-investment (ETH, Ripple, and Litecoin)
   3. 10% Portion of my gain would be given to charitable institution
   4. 10% for vacation! I like to spend some for recreational activities for me to taste the fruit of hard work.

Nerman

full member

Activity: 364

Merit: 107

It will depend on your needs. If you really need the money then convert it to fiat. If not you can just convert it to btc or your prefered coin.

What i am doing personally is right now i just convert a little to fiat and majority to btc because i believe that the btc price will still rise giving me more profit.

Topic: Take profits – But into what? - page 2. (Read 458 times)