PROFITS FROM CRYPTOS | Platinum Crypto Academy

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CRYPTOCURRENCY

• HOW AND WHEN TO TAKE PROFITS FROM CRYPTOS?

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HOW AND WHEN TO TAKE PROFITS FROM CRYPTOS?

• Taking out profit from your crypto investment or
  holding the position is a question that haunts
  every cryptocurrency trader. 
• Most traders are not able to decide when its the
  right time to sell their holdings or just part of
  them, and many times they end up feeling regret
  when they didnt sell while the time was right

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WHATS THE KEY? PROFIT TAKING

1. The first cryptocurrency trading rule to be
   remembered is that you dont lose money when you
   take out profits.
2. Selling partial positions from time to time and
   earning profits is not bad.
3. If the price continues to rise, you will still
   have holdings to sell and earn additional
   profits. 
4.  It is all about diversifying your portfolio and
   averaging the price to end up in positive numbers
   at the end.

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WHAT DO SEASONED TRADERS DO?

• Seasoned traders are buying crypto coins when
  they were available from a low. 
• They make an investment every couple of days, or
  whenever they sense a good opportunity cropping
  up. 
•  In this way, one can get a good average for the
  purchase of crypto coins.
• Now when the price of the crypto coins goes above
  their average, they start slowly selling off the
  coins. By selling 10 to 20 of their holdings
  every time the price rises, they start recovering
  their investments and booking profits. 

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ANOTHER WAY IS TO DOLLAR-COST AVERAGE YOUR COINS
(HODLING)

1. Dollar cost averaging Bitcoin and
   cryptocurrencies can be a very good strategy for
   newcomers to the crypto-investment space.
2. Using the DCA method means purchasing a fixed
   dollar amount of Bitcoins no matter what the
   price happens to be.
3.  Further, the DCA technique requires purchasing
   the fixed dollar price using a scheduled calendar
   as well.

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TO DOLLAR COST AVERAGE INTO THE CRYPTOCURRENCY
MARKET, SIMPLY FOLLOW THESE STEPS

• Determine the total amount you want to invest.
• Choose the cryptocurrencies you want to invest
  in.
• Determine the time intervals between each
  investment and what youll be investing in each
  investment (more time less risk).
• Stay disciplined and stick to your plan.

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HOW TO GET THE PROFITS EARNED TO THE BANK ACCOUNT?

• Many new traders are not sure about the exact
  procedure by which they can get the profits
  earned into their bank account. It can be done in
  multiple ways.
• The first way is to open an account at a crypto
  exchange. You need to get identified by the
  exchange before you deposit your Bitcoin or any
  other crypto coin in that exchange. After
  depositing the crypto-coin, the crypto exchange
  will transfer the money to your bank account.
• Many countries also have crypto ATMs where you
  can go, simply deposit your crypto coin and
  either withdraw cash, or get the amount
  transferred to your bank account.
• Another procedure is to find a reliable online
  vendor for cryptocurrency market. You need to
  make an account on their website which will then
  act as an exchange for your cryptocurrency market
  transactions.

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Thank You.