Using Crypto profits - page 9. | Bitcointalksearch.org

Quidat

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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?

When i do make profits then it would really be divided.

1. Some profits would be held of for future neither for savings or some sort
2. Re-rolling or re-invest.
3. Rinse and Repeat

As long you could able to sustain yourself then you would really able to make yourself that effective into this market.

kaya11

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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?

If you can survive without using the profits of your investments in crypto, like if you have another stable job that feeds you and your family, then you should reinvest the profits you make. That way you can lessen the years of waiting for your retirement and have some fun at a young age. I know this sounds crazy but I wanna do that, and not to wait for 50's or 60's to enjoy the life but without so much energy to use anymore. So better use those brilliant minds of yours if you are somehow having profits at the moment. Because buying what you want now is not any much better than doing what you need to do and that is making more money, so look for alternatives or reinvest in the coin you like, this is just an opinion though, so do not take it serious.

Imran232

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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 will share two stories. One is mine and the second one belongs to one of my friends. First, start with my friend's stories. He is senior to me in this sector and he recently shared his achievement with me. He says he bought our currencies 6M worth money for a ploot in their area. If I convert it into USD, then it is $75k and he says lots of people buy luxurious smartphones, bikes, and cars, but I use my profit to do another investment, like investing in real state sectors, which I think is needed for my next generation, like for my child. It's fantastic, and according to me, I'm still in the holding phase, but I withdraw some of my profits when I need money for family and study expenses. the two overall stories. Thank you.

MFahad

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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 have not put all my profit in one place. I used my profit for different purpose. I withdraw Some of my profit for family and other to invest in trending Projects like StepN ,Staking and for future airdrops. I am now feeling very comfortable because now source of earning is more and if one failed I I won't be hurt.

mumang siat

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Quote from: asriloni on April 21, 2022, 06:42:37 AM

You should use your profit wisely. You can try to use your profit to invest in the another crypto again and let your capital to growth again waiting for another ATH to be reached by your token. I do understand if you have earned huge profit from your investment but you must also remember that to make it become realized profit to be used to invest or diversify into the another token. Im sure that if this is the most profitable idea to make money from another potential token for sure. You must see if we are almost entering another bullrun again.

If the profit has been obtained on a certain coin, it should be converted to investment in another coin, generally the achievement of new ATH only occurs once in a new project, but it is very difficult to strengthen on ATH the second time, because coins that have no potential usually only react once a year, so it's better to look for a new coin that has a chance to strengthen, than to wait for a new ATH achievement twice a year

Fredomago

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Quote from: Tony116 on April 25, 2022, 11:38:47 PM

Depending on the usage of each person, I will use my profits to reinvest in projects that I consider potential and will bring me more profit. Sometimes I will use my profits to pay for my necessary work.

Investments are not always profitable, so you need to have a specific plan to optimize profits and use them for the right purposes. Investment is a profit, so try to make the best profit possible and the use of money I think will not need anyone to teach us, when we have money, we will know what to do with it.

When you already have it, you'll be able to decide on how you'll going to use it. Just need to have a concrete plan in order to accumulate a decent amount of profits, like what you just said is not always profitable, but the chance is always there for you to grab. Now every limit and make sure to have decent plans when things move in favor of your investment.

It depends on the users/owners and most will try to re-invest to gain more while others will just enjoy it out and
try to rinse more if there's a chance.

Anonylz

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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?

Are you looking for who to guide you on how to use your profit when you earn them!
Bro it is your profit so you can spend them however suits you, if you don't want to spend them all, you can reinvest half on the same project it you consider it to be worthy enough and do as you please with remaining half or you can decide to reinvest all, it is your choice.
Taking profit is not something bad so don't have to feel that way.

barbara44

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Quote from: Jackl87 on April 22, 2022, 04:07:57 AM

I have to admit that i am one of those notorious holder that always misses the right point to sell and then i see my portfolio value go down day by day. For example my portfolio is now like 95% down from it's ATH from back in may 2021. The main reason for that is that i mainly invested into new and upcoming projects through launchpads and of course such small projects are falling the hardest once a bull market or even only an unstable market arrives. The reason why i never sold so far is because i need to hold the coins for at least 1 year in order to not have to pay taxes on the profits i made with them. Now of course i don't sell either because the price is down so much so i wait for hopefully another bullrun.

If you hold long enough, you will see it go up, but then see it go down and yet you can see it go up again later on. So, let's look at 2021 alone, if you bought bitcoin at 30k at the start of the year, your money will double at first because it was 30k at the start of the year, then it will double because it reached 64k, then it will go to half so back where you started, then it will go back up to 68k and more than double again, then it will go back to 30k by the end of the year.

As you can see, there are points where you can miss out on selling at the top, but if you wait long enough then you could see your money go back to that place again.

Tony116

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Depending on the usage of each person, I will use my profits to reinvest in projects that I consider potential and will bring me more profit. Sometimes I will use my profits to pay for my necessary work.

Investments are not always profitable, so you need to have a specific plan to optimize profits and use them for the right purposes. Investment is a profit, so try to make the best profit possible and the use of money I think will not need anyone to teach us, when we have money, we will know what to do with it.

cloudfir3e

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I use crypto profits to buy some altcoins and some are good to bet and some of the profits I will use to buy real assets

Kelvinid

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Quote from: Dave1 on April 25, 2022, 09:31:42 PM

Quote from: zulfi125 on April 25, 2022, 07:42:42 AM

I always withdraw some profit from crypto into my bank account because always profit from crypto in the bank account is safe and if you will reinvest again your profit this is not a good idea and your profit and your investment can suffer loss, so that is why I always prefer to withdraw in a bank account instead of hold in cryptocurrency.

It's really up to your risk appetite, if you wanted to have a bigger profit then obviously you will put huge risk and not to withdraw unless you are satisfied with your margin.

The only thing is that if you kept it in an exchange then there is a chance that you can get hack or something and then lose your money. So there is this option to withdraw early and put it in your bank account or get at least your capital in the beginning.

It was not a good idea to leave our funds in the exchange for a long period of time, we can't underestimate the plan of these scammers. Of course, that depends on your risk appetite but if you are a smart trader or investor, you'd rather keep your fund in your personal wallet which you have full control of as this exchange wallet is not safe.

As I did, I withdraw my capital and let my profit stay for trading. If ever I lose, I just lose nothing, it is simply because I'd kept already my capital.

Dave1

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Quote from: zulfi125 on April 25, 2022, 07:42:42 AM

I always withdraw some profit from crypto into my bank account because always profit from crypto in the bank account is safe and if you will reinvest again your profit this is not a good idea and your profit and your investment can suffer loss, so that is why I always prefer to withdraw in a bank account instead of hold in cryptocurrency.

It's really up to your risk appetite, if you wanted to have a bigger profit then obviously you will put huge risk and not to withdraw unless you are satisfied with your margin.

The only thing is that if you kept it in an exchange then there is a chance that you can get hack or something and then lose your money. So there is this option to withdraw early and put it in your bank account or get at least your capital in the beginning.

777Jolami

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I use the profit from cryptocurrency to buy necessary things to cover my life and the remaining money I use to reinvest because the profit is generated mainly to continue to invest to earn more profit because the money is for a while will slowly disappear, I invest in potential altcoins that have a chance to rise in the future

Fomo_Chronicles

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Quote from: cryptosru on April 22, 2022, 05:26:14 PM

Quote from: Coinmaster2.5 on April 21, 2022, 05:31:37 PM

Now many people earn money in crypto and they need a comfortable tools that allow not only earn crypto but a spend crypto too and make the use of digital assets and DeFi more simple and comfortable like this https://twitter.com/Mushe_World/status/1516008791699034122

Now cryptocurrency industry is actively developing and appear tools that are useful for people and allow to earn more money and make more profit.

Now many people use their crypto profits to buy different things and products for cryptocurrency.
That is why now many shops accept digital assets.

Lordhermes

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There are several ways which you can spend your crypto profits. As for me. When I bagged BabyDoge, though I bought it when it was in dipped, just when it cancels 3 zeros upwards. I made 3x of my capital. Perhaps I invested $200 in BabyDoge, as the token pumped, I made $600. One of the best and wise way to spend your profits in crypto is to invest in good projects although not all the profits. Before investing in the projects, you need to know the roadmap of the coin you want to invest in. One good thing in crypto is that shitcoins give massive profits than altcoins.

TheClownSong

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Quote from: zulfi125 on April 25, 2022, 07:42:42 AM

I always withdraw some profit from crypto into my bank account because always profit from crypto in the bank account is safe and if you will reinvest again your profit this is not a good idea and your profit and your investment can suffer loss, so that is why I always prefer to withdraw in a bank account instead of hold in cryptocurrency.

taking profits and withdrawl was our main purpose investing in this market, alot traders only screenshoot their profit and didnt close it till become loss. accumulate our profits from market and use it to another business could give us more income. having several income sourve from crytpo market was our goal at this moment.

zulfi125

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I always withdraw some profit from crypto into my bank account because always profit from crypto in the bank account is safe and if you will reinvest again your profit this is not a good idea and your profit and your investment can suffer loss, so that is why I always prefer to withdraw in a bank account instead of hold in cryptocurrency.

Serco

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Quote from: GEMIN_M4 on April 25, 2022, 05:37:53 AM

If you are a long term crypto investor then reinvesting your profit back into the market is the best thing you can do, is the profit is big you can go with stacking or mining, there is always a way to earn more by lending out your assets, make sure you use more popular platform.

reinvest our profit was good if we want to accumulate our cryptocurrency assets, more crypto assets we have more possibility for us to get rich in several years later if we buying potential coins not shitcoin. less people have opinion with this brilliant idea.

Quote from: tvplus006 on April 25, 2022, 06:15:50 AM

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

Guys, how do you use your crypto profits? ...

In such a question, the main factor is that if you have enough money that you get in real life, then all the profit must be reinvested. In this case, you can invest in new projects and wait for the project to develop and the price of the coin to increase by a dozen, or maybe hundreds of times.

i am agree atleast we have saving for filling our needs before reinvest our profits,if we don't maybe better to use for our daily needs.

tvplus006

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

Guys, how do you use your crypto profits? ...

In such a question, the main factor is that if you have enough money that you get in real life, then all the profit must be reinvested. In this case, you can invest in new projects and wait for the project to develop and the price of the coin to increase by a dozen, or maybe hundreds of times.

GEMIN_M4

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If you are a long term crypto investor then reinvesting your profit back into the market is the best thing you can do, is the profit is big you can go with stacking or mining, there is always a way to earn more by lending out your assets, make sure you use more popular platform.

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