I do as follows:
2. Withdraw a portion of your investment and put it in another Alt based on your research
3. Withdraw a portion of your investment and store it as BTC, ETH etc.
4. Withdraw a portion of your investment and store it as fiat in your bank
These are the best ways to keep u r profits intact and also ensure that the funds are diversified. I also do good researcH.
Topic: What's your strategy - reinvest profit or withdraw to fiat? (Read 369 times)
1, 2 and 3 seem like the best options... If you do a lot of transfers with your coins you always have to remember the fees.
My rules:
Once you have multiplied your coins a few times at least - always withdraw the money that you have originally invested.
Then you are free to do what you like and never regret the outcome.
Once you have multiplied your coins a few times at least - always withdraw the money that you have originally invested.
Then you are free to do what you like and never regret the outcome.
I chose option number 1, hold for future assets. All the assets I have are inside crypto, 60% btc, 30% alt and 10% properties. Because I believe in the future crypto will change my life.
Thanks to everyone that chipped in with your response. Very helpful!
I would chose:
2. Withdraw a portion of your investment and put it in another Alt based on your research
3. Withdraw a portion of your investment and store it as BTC, ETH etc.
but in real life I have usually chosen the first option, keep the alt, and until now it was never a very good idea.
2. Withdraw a portion of your investment and put it in another Alt based on your research
3. Withdraw a portion of your investment and store it as BTC, ETH etc.
but in real life I have usually chosen the first option, keep the alt, and until now it was never a very good idea.
The question is simple enough. When your alts are going, which one of these do you do? Let me know if there are other strategies.
1. Let it grow and not touch the investment (I assume this is what long term investors do HODL!)
2. Withdraw a portion of your investment and put it in another Alt based on your research
3. Withdraw a portion of your investment and store it as BTC, ETH etc.
4. Withdraw a portion of your investment and store it as fiat in your bank
5. Withdraw 100% of the investment and re-enter the market (same coin or another)
With the BTC value increasing in parallel, some of the alts can give you a double run if you enter and exit at the right time. So happy to hear what others in the community are doing. Cheers!
Fiat trading would be a huge forward facing step if the people know how to trade the coins carefully without going against the restrictions in the Country and Website.1. Let it grow and not touch the investment (I assume this is what long term investors do HODL!)
2. Withdraw a portion of your investment and put it in another Alt based on your research
3. Withdraw a portion of your investment and store it as BTC, ETH etc.
4. Withdraw a portion of your investment and store it as fiat in your bank
5. Withdraw 100% of the investment and re-enter the market (same coin or another)
With the BTC value increasing in parallel, some of the alts can give you a double run if you enter and exit at the right time. So happy to hear what others in the community are doing. Cheers!
I switch my strategy between 1 to 3 too.
4 and 5 seems the same to me. In anyway, withdrawing to fiat usually occurs high transaction fees. I will rather seek refuge in USDT if the market is not so stable.
4 and 5 seems the same to me. In anyway, withdrawing to fiat usually occurs high transaction fees. I will rather seek refuge in USDT if the market is not so stable.
My investment depends on the situation, sometimes I use 2, sometimes 3, sometimes 5. It is according to market conditions. It does not always make money to make the same move.
Mostly 1-3, though my goal is eventually to convert at least a portion back to fiat. I believe in BTC, but I'm not ready to go in 100% and risk losing everything if the bubble should happen to burst.
My strategy is from 1 to 3. It depends on the market condition before I decide what to do. For 1, I will hold the coins I believe have potential in the long run.
2 and 3 are normally for short term trading.
I don’t withdraw my coins into fiat, I usually keep in BTC and wait for good opportunity to buy altcoins.
yes, my opinion is the same as you. I chose the number 1 because I see good potential on the coin. 2 and 3 are normally for short term trading.
I don’t withdraw my coins into fiat, I usually keep in BTC and wait for good opportunity to buy altcoins.
I choose number 2 because I see there are other coins that have more potential faster and amazing.
and I do number 3 because I have reached the target for investment on btc or eth
Withdraw a portion of my investment if already make profit and store it as BTC, ETH also wil withdraw a half to fiat
Once I reached the point that I was up about 10x, I converted 200% of my original investment into fiat and withdrew that to the bank. The rest I let ride.
Of course, part of my motivation is demonstrating to my significant other that crypto was legit and not a scam. Being able to point to a deposit of 2X the amount I'd originally sent to coinbase made the case loud and clear.
Of course, part of my motivation is demonstrating to my significant other that crypto was legit and not a scam. Being able to point to a deposit of 2X the amount I'd originally sent to coinbase made the case loud and clear.
That's what I'm doing now as well. When an investment reaches anything above 3X, my mind pushes me to withdraw a portion - I usually take out the profit and let the principal run its course. Gets really hard to HODL at that point
Once I reached the point that I was up about 10x, I converted 200% of my original investment into fiat and withdrew that to the bank. The rest I let ride.
Of course, part of my motivation is demonstrating to my significant other that crypto was legit and not a scam. Being able to point to a deposit of 2X the amount I'd originally sent to coinbase made the case loud and clear.
Of course, part of my motivation is demonstrating to my significant other that crypto was legit and not a scam. Being able to point to a deposit of 2X the amount I'd originally sent to coinbase made the case loud and clear.
The best approach for me is no 2&3
It depends on the coin.
I have some coins that I will hodl (#1) no matter what pretty much. It includes some btc and a few alts that i think will make it big. Right now this is about half of my portfolio.
With my other alts, since they’re more short term speculative and an educational experience, at least for now, I do #5.
I should really do #3 more. I believe in btc but I mostly buy into it with fiat injections. I want to be disciplined and put part of my alts scalps into a long term btc fund.
I have some coins that I will hodl (#1) no matter what pretty much. It includes some btc and a few alts that i think will make it big. Right now this is about half of my portfolio.
With my other alts, since they’re more short term speculative and an educational experience, at least for now, I do #5.
I should really do #3 more. I believe in btc but I mostly buy into it with fiat injections. I want to be disciplined and put part of my alts scalps into a long term btc fund.
my strategy is buy bitcoin then buy alts using the bitcoin atleast 40% alts trade the alts to get more btc.
after i got more btc i will wait the btc to pump before i cash it out to fiat currency.
after i got more btc i will wait the btc to pump before i cash it out to fiat currency.
I've recently switched over from BTC to Waves + WavesNG. First I'll stick to method 1 and after sufficient growth I'll predominantly aim for methods 2 and 3. Number 4 could be a possibility if 'my' alts would have experienced an explosive increase in value. 5 is out of the question for me as it is too 'abrupt' and I'd like to move gradually and cautiously in the cryptomarket.
1,2 & 3 is advisable.... 4 is a no go area at all.. And 5 is not really good and acceptable for me
My strategy is from 1 to 3. It depends on the market condition before I decide what to do. For 1, I will hold the coins I believe have potential in the long run.
2 and 3 are normally for short term trading.
I don’t withdraw my coins into fiat, I usually keep in BTC and wait for good opportunity to buy altcoins.
2 and 3 are normally for short term trading.
I don’t withdraw my coins into fiat, I usually keep in BTC and wait for good opportunity to buy altcoins.
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