How to take profits

[Shaffy]

Without taking profits in this cryptocurrency market, you will lose even if you are a die-hard holder. Some coins will dump and never go back to where too even bought them.

One way to take profits is to sell in batches, at certain percentage profits just like buying using the DCA method. This way you don't miss out on further pumps but you can buy more if the price dumps.

How do you take profits when you are holding coins?

 

[saoussen57651]

The problem is always with new cryptocurrencies because they are unpredictable but for the old one you can have some profits from time to time when the crypto price is increasing some days but not a big one.

 

[Ononivami]

There are some cryptocurrencies that would make you a lot of profit by holding it for a very long time. Example of such cryptocurrency is bitcoin.

 

[Kane]

When I am holding coins, the only way I can take profits is by staking my coins. With my Binance asset, I am receiving about $1 staking rewards every day.

 

[Bisolami]

The problem is always with new cryptocurrencies because they are unpredictable but for the old one you can have some profits from time to time when the crypto price is increasing some days but not a big one.

The new cryptocurrencies cannot be predicted and we should not trust them that much. That is why I only trust cryptocurrencies that has been listed on binance