How do you handle your profits? im doing a thing called ''Banken''
A few weeks ago the profit started increasing, me and some friends of mine who are also into 'cryptocurrency and the blockchain space' where discussing when to cash out or reinvest.
We all agreed on one thing, that it is a good move to after every 150% to 300% increase of a single asset or currency transfer20% of profits into BTC and ETH. Them being the two where we all have the most confidence in for a long term price increase.
We also talked about the possibility of a crash / massive correction which is not always a bad thing , if any it is a good buy moment! And to buy you have to have money which you can invest. To gradually gain capital to do so we thought of the idea we now call ''Banken'' (its a dutch word similar to Banking) after every 150% to 300% increase in price of a single asset or currency instead of 20% we transfer 10% directly into BTC and ETH and the other 10% we transfer to EUR on an exchange.
So when a massive correction occurs we have capital on stand-by to buy in on the dip!
Do you guys have any particular way you manage your profits?maybe we can learn a thing or two from each other and help each other profit!
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