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PROFITS FROM CRYPTOS | Platinum Crypto Academy

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Taking out profit from your crypto investment or holding the position in the market. – PowerPoint PPT presentation

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Title: PROFITS FROM CRYPTOS | Platinum Crypto Academy


1
CRYPTOCURRENCY
  • HOW AND WHEN TO TAKE PROFITS FROM CRYPTOS?

2
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

3
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.

4
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. 

5
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.

6
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.

7
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.

8
Thank You.
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