Topic: What to do with cash from sales (Read 771 times)
The matter is that bitcoin has a characteristic feature: payments are confirmed only once in ten minutes (and this in case if everything goes as it should).
Bлoжить в инвecтиции- в любyю кpиптoвaлютy кoтopaя yпaлa в цeнe.
cash I spend on shopping in stores. and here is which I has accumulated and lie on a map I invest in different projects 
I try to divide criptocurrency and fiat savings. So I do not withdraw criptocurrency deposits because I believe in blockchain technology development and its application.
I have been investing for 2 years at the first time there have been falls but now I am earning money successfully.
To keep on deposit I will never do it because of the slight gain, I usually buy some of the assets in the form of land and objects that the future can be worth high selling, and some invest it again in bitcoin.
If we take a look the real matter in this time we must invest cash from sales because on the bank youre money will remain the same amount even you do it for a year. The interest rate is very small.
if I have a goal and reached my goal from sales than I would send it to my bank and spend for my planes. If I have enough money I would invest in ICO`s or trade in exchange, it all depends on what is my strategy.
As much as I love crypto-investments, I think diversity is always key to the strength of your portfolio. It's said a million times but is so important I think: Only invest in crypto what you're willing to lose tomorrow.
Volatility goes both ways (As 2018 has shown us yet again!)
Volatility goes both ways (As 2018 has shown us yet again!)
Are you talking about sales from selling crypto? I personally only sell what I have to, which is pretty much just loans. I put almost all of my other earnings in bitcoin.I sell only a small percentage of my bitcoins by transferring it to my localbitcoins wallet to meet my family expenses.I always plan to save the remaining bitcoins safely in my wallet for my future.
I sell some bitcoin because of the importance of family needs. and
Before I sell some bitcoin and reinvest some of my altcoin trade. But now the price is getting higher and I feel comfortable to save the bitcoin itself for the future
That's a nice idea saving bitcoin for the future. For me what I did was I save bitcoin also and some of it I convert into fiat. Saving and hold some of my btc so I can earn atleast profit and cashing out some of my sales when Im in need of money to cover my financial need to support my family. Before I sell some bitcoin and reinvest some of my altcoin trade. But now the price is getting higher and I feel comfortable to save the bitcoin itself for the future
Hi guys, what do you guys normally do with the monies? keep it in exchange for future purchases or transfer it to your bank account.
And if the latter do you then put it in the fixed deposits for stable interest rates?
And if the latter do you then put it in the fixed deposits for stable interest rates?
Well the monies in this question, are the monies that are in question here, monies from selling your Bitcoin when it is high? If so here is what I do:
I keep all my money from selling Bitcoin when it is high in a special account that is nicknamed "For Bitcoin". All of the money I make off Bitcoin, I keep in that address and wait until bitcoin drops again this month is a good example.
Had around 10K to invest, sold a couple of Bitcoin a while back and also sold some Bitcoin I earned from signature campaigns. With that funds I bought 5 Bitcoin during when it was only 2k. After 2 or 3 days when Bitcoin recovered to 2.7K, I sold 2.5 of those bitcoins. Now since the price is at 3.2K, I sold 3.5 bitcoin and keeping the rest of it and holding until a price dump or another huge pump.
I sell some bitcoin because of the importance of family needs. and
Before I sell some bitcoin and reinvest some of my altcoin trade. But now the price is getting higher and I feel comfortable to save the bitcoin itself for the future
Before I sell some bitcoin and reinvest some of my altcoin trade. But now the price is getting higher and I feel comfortable to save the bitcoin itself for the future
It is not the smartest idea at all to hold coins on an exchanger. Look at the story of Bitfinex of the last year and the new one BTC-e.
I deposit money on the exchanger only when I short with money and need some financial support. But why to ask for it from parents and friends if I can cash out mBTC and I am full with money again?!
I deposit money on the exchanger only when I short with money and need some financial support. But why to ask for it from parents and friends if I can cash out mBTC and I am full with money again?!
Hi guys, what do you guys normally do with the monies? keep it in exchange for future purchases or transfer it to your bank account.
And if the latter do you then put it in the fixed deposits for stable interest rates?
And if the latter do you then put it in the fixed deposits for stable interest rates?
Convert them to Bitcoin and then just let it sleep if you don't actually have any plan on your cash. The profit you will surely get is much much bigger than what you can get from depositing them in your bank. Save in cold wallet if you want them to be safer.
My decisions will depend on the situations. If there's an emergency, I would probably withdraw it. Health is wealth. If there's no case of emergency or urgency, Then I would probably reinvest it in Trading. If I don't the need money then It's best for me to make it grow, Though I make sure that I still have enough in me in my wallet in times of fortuitous events.
I will make a market entry in order to commit murder there, and I also put my income into bitcoin.
Sales? As in selling? I'm not familiar with that scenario in the crypto currency world. People sell their crypto currency?!
I'm kidding, of course. But my question is if you don't have something specific you need to spend the proceeds on (like a debt) why are you selling your crypto currency? One of the fundamental characteristics of crypto currency is the finite money supply, which means that if demand is constant the crypto currency is worth more tomorrow than it is today. That reason alone should want you to keep yoru crypto currency on balance, in your wallet.
I'd recommend keeping as little of your wealth in fiat currency. Fiat currency is always worth less tomorrow than it is today.
I too think the same. Instead of just converting the cryptocurrency to fiat, we can store them in the wallet and then sell it when its double the price we bought. It will be more profitable I guess instead of just converting it to fiat which is worth nothing in future. Instead of just keeping the cryptocurrency in wallet, we can also use it to have some more profits on trading, investing, etc (Of course with some knowledge). I'm kidding, of course. But my question is if you don't have something specific you need to spend the proceeds on (like a debt) why are you selling your crypto currency? One of the fundamental characteristics of crypto currency is the finite money supply, which means that if demand is constant the crypto currency is worth more tomorrow than it is today. That reason alone should want you to keep yoru crypto currency on balance, in your wallet.
I'd recommend keeping as little of your wealth in fiat currency. Fiat currency is always worth less tomorrow than it is today.
Hi guys, what do you guys normally do with the monies? keep it in exchange for future purchases or transfer it to your bank account.
And if the latter do you then put it in the fixed deposits for stable interest rates?
Do you mean the profit from cryptocurrency ? Many people here might be saving that profit in the form of bitcoin itself, because bitcoin is unique in itself. It is more profitable then a Fixed deposit in any bank. We can anytime in cash bitcoins according to our needs, but i individually like to spent more and more coins and invest them so that i get a good daily profit. And if the latter do you then put it in the fixed deposits for stable interest rates?
Hi guys, what do you guys normally do with the monies? keep it in exchange for future purchases or transfer it to your bank account.
And if the latter do you then put it in the fixed deposits for stable interest rates?
And if the latter do you then put it in the fixed deposits for stable interest rates?
I do not suggest you guys to keep fiats. Personally I keep my money in bitcoins and wait for a perfect price to enter in altcoins. If the altcoins' price are too high, I put my btcs in lending wallet (bitfinex) to profit from borrowers...
If you are not comfortable in placing money with cryptos, you may try putting it in stocks or microfinancing. always remember that banks should never be an option. I repeat, banks should never be an option!
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