If you profit in alts and you don't want to risk anymore that you profited then go change it to USD but if you want to still risk just put it to BTC so it can go up or down.
Putting in BTC is not even a huge risk as much as leaving in Alts. However, it all depends on what is good enough for the trader in question but I would not advise changing anything if the person trading does not have any trading knowledge or what to look out for while trading, because in that case, it would be hard for someone like the OP to even have an entry or an exit strategy, let alone make profit trying to swap. 
Topic: Take profits – But into what? - page 3. (Read 487 times)
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
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
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
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
i think its conditional, for me, im not always convert it into top 3 crypto or vice versa
sometimes when i need some money, the profit i convert it to FIAT and make some to buy at the dip and cashout some of those FIAT
at the end of the day we all go back to fiat because we all use fiat in our lives even if we prefer using bitcoin so our profit is also going to fiat. but considering the fact that bitcoin is an excellent long term investment with a good future ahead of it, you can see the potential of profit if you own more of it in the future when the price is a lot higher than this.
in other words if you store your profit in bitcoin now your profit will increase with bitcoin price rise.
but this is still risky as bitcoin price is still risky despite me believing in its future. so a better strategy would be taking some out to fiat and storing some in bitcoin.
in other words if you store your profit in bitcoin now your profit will increase with bitcoin price rise.
but this is still risky as bitcoin price is still risky despite me believing in its future. so a better strategy would be taking some out to fiat and storing some in bitcoin.
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 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
For now holding is the best way one can actually keep his or her bitcoin! I tried to play the options of buying bitcoin and when it dip convert it to USD and when bitcoin started appreciating again convert it to bitcoin but I find out that I will make more holding a coin for a very long time. Most times one do miss the best opportunities to get in again after the dip. 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
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
It’s depend on what is your final target, if your target is to maximize your fiat then take profit into fiat, if your target is to maximize btc (or eth) then take profit into btc (eth).
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 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
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
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
As of now, your profit will be in fiat as that is the standard medium, channel or instrument to your purchases in your daily lives. Some wallets offer bill payments which you can pay in BTC to pay your liabilities, so in that aspect you might not need to turn it into fiat cash. Although these services are offered in some wallets, you can't rely on it much as you're still limited on what you can do to your crypto coin. Wait until country fully adopts its flexible use in our daily lives.
You can use tether somehow if you're aren't sure about the security of the profit you have currently in your wallet. Crypto prices swings so you might need it somehow, but I still suggest to turn it into fiat first. Let the security of the digital money develop more.
Do use Tether as it should be stable?
You can use tether somehow if you're aren't sure about the security of the profit you have currently in your wallet. Crypto prices swings so you might need it somehow, but I still suggest to turn it into fiat first. Let the security of the digital money develop more.
I usually sell my cryptocurrencies profits then buy my local Fiat which I hold waiting for dips.if one ever happens then I can buy bitcoins and then buy the altcoins I need.
In most of the countries if you are converting your Bitcoin/crypto to fiat currency then you are entitled to pay taxes as you gain income from capital gains so if you have any intentions to reinvest your profit then it is recommended to convert profit into the most stable altcoins. Stability is a rare case when it comes to crypto but I don't see any other viable option other than this one.
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 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
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
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
I think it depend on you're situation if you feel that is not enough profits.then if you want to exchange it to fiat,go for it but make sure on what you doing.bitcoin currency is unstable value.sometimes dump and pump.too risky to make trades so don't be aggressive on it.just be patient. That's my little advice to you pal.
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 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
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
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
I hate tether!
Anyway, if you had profits you have been just lucky, not skilled. In my opinion the best think to do is to pick a strategy and go with it, no matter what... If you are too susceptible to temporary drops and rises, maybe this business is not for you...
My Question is now when I take profits to stake up for the next dip, into what should I convert it?
it really depends on you and your plans and what you believe in.Quote
Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
what "I" believe in is bitcoin. so obviously i keep the profit in bitcoin. for example when price drops i buy more bitcoin and any profit that i ever make from any trades will be stored in bitcoin.my plan is that i want to have a very large amount of bitcoin in the near future (a couple of years)
Quote
Do use Tether as it should be stable?
never store in Tether. you can use it for a very short time or use it to transfer fiat between exchanges if possible but NEVER use it for long time because it is a very risky and shady coin. 
It will be better if you convert it into coin or token which will give you pasive income rather than only convert it into fiat and get nothing. I will give you a simple example, look in this calculator https://dimensions.network/en/calculator this is what people like you or investors get if you buy this token, actually it still an ICO untill 24 february.
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 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
Actually if I am already earn enough profit or more I usually turn this into fiat where I can see my hard works in things since I buy some usefull things for me to see what I did. 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
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
I usually turn my profit into the main cryptocurrencies as you said (mostly BTC and ETH). They will rise with the market progress and give you profit, and also make further investments easy (specially ETH).
Whenever I tried to go to USD for any reason I only lost money...
Whenever I tried to go to USD for any reason I only lost money...
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 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
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
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
You can do anything with your asset and change your strategy anytime you like. Take profit ( convert ) need to be done to safe and grow up your asset and the time is as your wish. I'm not prefer with tether and fiat, just for btc, eth and ltc only. From your post I can see you're fit for long term period trader/ invest because you can wait until big dipper.
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 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
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
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
for me if im doing short trading if i already gain 20 to 30% profit i already take profit for that gain and buy another coin for the longterm coins thats i manage my porfolio you always rebalance your porfolio so could manage na fund that you have.
If you want to take profit to hold for when another dip comes, you should find coins that are either very resistant to the overall market-cap. By this, I mean coins that, when the market falls 50% 'only' falls 25%. You can look at the graph history from this dip and see if there are any particular coins with a better resistance. And then check whether this was true in other dips as well.
Otherwise, there are really only fiat and USDT to move into, if you want to take profits that is meant to be used for buying crypto at a point in time, where you believe the prices are lower than the moment where you sell.
Otherwise, there are really only fiat and USDT to move into, if you want to take profits that is meant to be used for buying crypto at a point in time, where you believe the prices are lower than the moment where you sell.
I look in to all cryptocurrency price now almost going up and down at the same time so to keep the profit and avoid other risk just keep that your profit in to USDT, this is more safe when any bad news related cryptocurrency because all crypto will drop at the same times.
USDT is safe till Tether implodes, which inevitably is going to happen at some point in the future. It's basically you exposing yourself to two major risks. Firstly, that your funds are on-exchange exposing yourself to hacks and insider theft, and secondly, you depend on Tether to keep functioning. Tether trading is like Russian roulette, which is completely unnessary, and can be easily avoided. But then again, who's going to listen to that? People keep doing what they want till it's too late to do something about it.
To make the expected profit, we need to be in game always. If you don't give up trading, you will definitely make profit one day. Try to trade in top coins and you can go for some good ICO projects also.
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 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
its our prerogative on what to do,either to extend my investment by putting the profit to another coins or to convert into fiat,but mei convert every earning into fiats so if dip happens i can buy another bitcoin so my bitcoin continuously increasing without adding my own money into crypto again 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
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
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