- Have you ever been profitable and taken profits in the crypto market?
- How did you use that profit? Do you use that profit or reinvest it?
- Do you think using profits is also important for your investment journey?
I have never profited from trading. I have investments in bitcoin and ethereum coins. I am now seeing more than double profits from my bitcoin investment. I don't want to withdraw my dividend now, I expect more from here in the future. I still haven't considered whether to reinvest if I withdraw my dividend. But if I invest from dividend then I will invest 70% of dividend and keep 30% with capital. I think the ability to make a profit is a fundamental aspect of creating and sustaining financial freedom.
I think hodling is very easy to gain profit, all what you just need need is patience to wait. But for me I don't fancy to to reinvest with all the profit I derived in investing. I will always take profit, still use my capital to reinvest or to add some fund to the capital. The reason why I prefer to take profit is because cryptocurrency is always risky , and you can never tell what can happen in the market.