Using Crypto profits - page 12. | Bitcointalksearch.org

zidanw

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Quote from: MrDave on April 21, 2022, 01:18:31 AM

Guys, how do you use your crypto profits? Well I started investing in crypto last year but still to earn that much profits. How about you all?

Investing is not working for me because of the volatility of the price especially when you bought at the peak last year. Right now in order to regain my losses I tried to trade my investment trying to do some scalping daily and so far it's going good.

lienfaye

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Quote from: MrDave on April 21, 2022, 01:18:31 AM

Guys, how do you use your crypto profits? Well I started investing in crypto last year but still to earn that much profits. How about you all?

Usually if I take profit, I spend it for paying bills so im taking profit monthly when its already due date for my bills. But sometimes if I have the money to spend, I keep holding my earnings unless there's an emergency and im in short of cash. I remember the early days when im still new in investing crypto, I spend my earnings buying appliances and up to now its still working, a good remembrance indeed.

Henrobakkara

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Quote from: S3300 on April 21, 2022, 02:13:34 AM

It depends, some feel safer having their profits in USDT or other stable coins as they grow while others use their profits to buy top coins like BTC and ETH, there is also another way, find a very good altcoin that you can stake for more rewards like Polkadot or Solana, they are good for the long term anyway.

True that. I do like to take some part of my profits and save in some stable coins just in case there is an opportunity to invest in other good coins/Alts and most importantly don't forget to give yourself a treat Grin

I do this once in a while just to remind myself that I have done well and to be focused too.

Reid

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I do use my profits and that includes the payment I receive from the signature campaign that I joined it. Part of it will go in a kept wallet and the other part will be some addition to paying bills if necessary. As much as possible, I want to keep my goal of having Bitcoin in whole numbers and that's why I am trying harder to make profits in NFT investments to be exchanged for Bitcoin or Ethereum.
We don't have any idea when this assets will explode again so better if you are prepared and invested.

bonyaserg

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I personally use my crypto earnings in different ways. I always take the invested amount, and use the remaining amount for my own needs. Or I invest in another project and wait for the profit that should come along with the profit. It happens that I own the profit in order to get more profit. Everything depends on promising projects. And in conclusion, I can say that the crypto industry provides an amazing opportunity to profit from investments in crypto coins.

uelque

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Quote from: MrDave on April 21, 2022, 01:18:31 AM

Guys, how do you use your crypto profits? Well I started investing in crypto last year but still to earn that much profits. How about you all?

I just keep on investing. I have invested in some good crypto projects before, all of them have gave me a decent profit. Though it took me years of holding the wait is worth it. Half of my profit goes to another investments, Half goes to my daily finances and personal stuff.

If you are worrying that you haven't earn yet that much profit, don't worry most of us do the same during the first or second years in being in crypto world. It's hard choosing a project that has the potential in the next few years. But just keep looking, investing and studying things around crypto and for sure sooner or later you will be the man you wish to be.

o48o

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Leading Crypto Sports Betting & Casino Platform

Quote from: MrDave on April 21, 2022, 01:18:31 AM

Guys, how do you use your crypto profits? Well I started investing in crypto last year but still to earn that much profits. How about you all?

I've bought electronics, household items, partyed and travelled. I am saving now and taxes have been taking a big slice from my profits, but i have to take care of them because more i spend, more dangerous it would be not to pay them.

lornadane

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Quote from: MrDave on April 21, 2022, 01:18:31 AM

Guys, how do you use your crypto profits? Well I started investing in crypto last year but still to earn that much profits. How about you all?

The advantage depends on us as well whether we are good at taking profits or even losing.
On the other hand, that profit also comes from the right coin that we choose to invest.
If I say whatever profit I get, I will turn it back to buy again so that the profit I get is expected to increase.

aprilnot

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Quote from: MrDave on April 21, 2022, 01:18:31 AM

Guys, how do you use your crypto profits? Well I started investing in crypto last year but still to earn that much profits. How about you all?

every profit I get, I always use it for daily needs. and the rest I save (in the form of fiat). the goal if at any time the market crashes I can buy coins that are falling. many advised me to hold it in the form of stablecoins, but this way is not very good because I am always wary of hacking issues. so holding it in FIAT form is a safe choice in my opinion.

TheClownSong

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diversifying be my choice for crypto profits, investing real business will be main option and buying property or land could be good decision too. before i am diversify my assets from crypto profits, i am prefer to accumulate my balance as much as i can . when it realized at least i could trade with strict trading plan and money management so i would not worry about liquidation when open wrong position.

Pterosaur

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The best thing is to reinvest the money back unless spending the money is a must, like urgent matters I meant, I made some money from crypto trading and investments and use the profits to buy two graphic cards for passive income, making 6$ every 24hrs.

kaseygriffin

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Quote from: MrDave on April 21, 2022, 01:18:31 AM

Guys, how do you use your crypto profits? Well I started investing in crypto last year but still to earn that much profits. How about you all?

hmm

Not everyone who participates in the crypto market makes a profit, so I think you need to be grateful for what it gives you. Profit use, according to me, I still use my profits to reinvest in the market because I have complete confidence in it, DCA top coins, and, of course, the cost of living and community support activities are also destinations.

sunsilk

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Quote from: MrDave on April 21, 2022, 01:18:31 AM

Guys, how do you use your crypto profits? Well I started investing in crypto last year but still to earn that much profits. How about you all?

It's music to my ears if I'm the one saying those words that I've italicized.

Well, it all depends on your situation in life. If you're well off and you don't need to use that much profit then just reinvest it somewhere like having more bitcoin or ethereum or any of the top coins you think you're good holding for so long.

But if you're struggling and you really have to spend the profits you're making. The best choice is to just sustain your needs, there are a lot of folks that have been living through their crypto profits, especially those that are in the midst of the war. Crypto source is helping them to bring food to the table.

bittraffic

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Goes to gambling. It seems easy money when winning the bets. Not in y dreams that I planned it but the idea flourish as I'm getting good at betting.

Some of my profit goes to the project I support which I know I can profit in the long run. Some of them were just few cents when the bears are still dominant in the market. Its value rises too when the bull market comes, sold it and bought again the tokens. I'm still waiting for the project to completely be developed hopefully for more profit.

Psynthax

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Quote from: MrDave on April 21, 2022, 01:18:31 AM

Guys, how do you use your crypto profits?

Trying to divide my profit and capital. I would always try to use my profit as the new capital after i were taking my old capital back again to my wallet. I do this to decrease the risk when i will be loosing and i will not also lose my early capital at the same time. Im not so greedy to trade and i can earn regular profit in daily trading was more than enough for me. This is far better rather than being greedy and lose all of your money at once even when you are doing spot trade.

Quote from: MrDave on April 21, 2022, 01:18:31 AM

Well I started investing in crypto last year but still to earn that much profits. How about you all?

So, if you have been earning a lot and you must think an alternative way to use your profit to get another profit. Just like money must work to make more money.

kidbounty

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I've been in crypto for quite some time. so the profit I got was many times the initial investment. and most of that profit I use for reinvestment, and the rest I use to buy real assets such as real estate, gold, cars and others. Most of the profit I make, I usually use to buy hot altcoins. and I also don't forget to buy big coins like bitcoin, ethereum to strengthen my portfolio. I have done this method over and over until now.

S3300

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It depends, some feel safer having their profits in USDT or other stable coins as they grow while others use their profits to buy top coins like BTC and ETH, there is also another way, find a very good altcoin that you can stake for more rewards like Polkadot or Solana, they are good for the long term anyway.

Kunnu

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Personally I prefer to invest half of my crypto profit in Bitcoin because BTC seems to me a suitable long term investment option beside BTC I also consider to invest my crypto profit in some quality altcoins which are strong enough in terms of utility for example BNB, Ethereum and XLM although I don't underestimate meme tokens so I don't hesitate to invest a small portion of my crypto profit in meme tokens after all diversification is a worthy step in crypto industry.

MrDave

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Guys, how do you use your crypto profits? Well I started investing in crypto last year but still to earn that much profits. How about you all?

Topic: Using Crypto profits - page 12. (Read 1371 times)