Post
Topic
Board Trading Discussion
Re: Take profits – But into what?
by
BitcoinHodler
on 16/02/2018, 13:55:13 UTC
My Question is now when I take profits to stake up for the next dip, into what should I convert it?
it really depends on you and your plans and what you believe in.

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Do you convert into FIAT and in the Dip you put it back to Crypto or do you convert to a Top 3 Crypto?
what "I" believe in is bitcoin. so obviously i keep the profit in bitcoin. for example when price drops i buy more bitcoin and any profit that i ever make from any trades will be stored in bitcoin.
my plan is that i want to have a very large amount of bitcoin in the near future (a couple of years)

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Do use Tether as it should be stable?
never store in Tether. you can use it for a very short time or use it to transfer fiat between exchanges if possible but NEVER use it for long time because it is a very risky and shady coin.