Taking profit in crypto

And if you are doing a very large transaction, such as trading your coins for other assets such as real estate, you can use qualified escrow.

Schiffgold (https://schiffgold.com/vault-storage/)

Peter Schiff has been brought into the crypto-currency sphere kicking and screaming, but we still respect him. He manages a precious metals vault service that can be accessed via crypto-graphic currency, much like BullionStar.

Commodities

TradersHome (https://tradershome.com/trading/trading-products)

Here you can choose from currencies, commodities, stocks, derivatives, and more to diversify your portfolio.

Taking profit in crypto

Traders Home may be one of the services I have found, but I’m still looking for more.

Consider these criteria:

1) A stable coin that is reliable and not manipulated in same pattern as exchanged coin. 2) Cash or currency outside of the banking system, such as in a vault.

3) Must be able to buy and sell using crypto-coins, or at least cash and currency

4) Avoid wire transfers of currency

My research shows that all of these solutions may require “know your customer” and anti-money laundering disclosures from signers of account holders, they also allow account holders to be businesses such as limited liability companies and limited partnerships.

Taking profits in crypto strategy

Simply send an email to [email protected] and in the subject line include the phrase “special treatment”. Do not include financial information, but maybe a general description of what you need.

How can we temporarily take profits for the short term and get back into our crypto-graphic assets, without pooling all of our windfall into one place while staying liquid enough to get back in quickly? You want to stay liquid but get out of your crypto-assets while the price drops, and then quickly buy back in as the price continues to rise.
You want to avoid having your money frozen and being accused of money laundering or something similar.

The biggest risk in these situations is the government and banking institutions. There has always been a hidden motive to prevent people like us, who are not “in the club” with the elite, from consolidating substantial capital.

Take profits in crypto

Finally, I calculated the % Performance of taking each 4 profit taking strategy relative to not taking profit at all.

Results:

Below is the plot for a simulated 30% correction. Each colored line represents a profit taking strategy (1%, 2%, 5%, 10% profit taking for every 20% increase in price).


Vertical (Y) axis is the Performance of the profit taking strategy relative to not taking profits at all. Horizontal (X) axis is the hypothetical growth of a portfolio:

Note that a Performance higher than 0% indicates that this strategy worked better than not taking profits. They way I interpret this is that IF my asset can only increase ~200% in value, and I expect a ~30% crash, then taking more profits will be beneficial.

Take profit strategy in crypto

Now with the onerous anti-money laundering and terrorist laws and policies, it’s just easy enough for any bank to seize your money and impose conditions on you to prove its origin before gaining access again. The banks and regulators actually have a profit motive for this.

How then do we stay liquid while avoiding falling crypto prices and keeping our short-term profits, so we can get back into the assets as the prices begin to rise again?

The criteria include moving into a stable coin, one or more, with a secured exchange, application or other device. The strategy may also include getting into cash, preferably away from any financial institution, but you should be okay using a financial institution as I’ll explain.
And moving your crypto value into precious metals, most practically in vault services that deal in crypto-currency themselves. We have several options.

Take profit cryptohopper

Here are the three most reliable stable coins in the crypto world.

TrueUSD (TUSD) is likely the most reliable “stable coin”. TrueUSD provides its token holders regular attestations of escrowed balances, full collateral, and also the legal protection against misappropriating underlying USD.

It is regulated and independent of the exchange marketplace while backed (exchangeable) 1 to 1 with U.S. Dollars issued by trust token. Unlike USDT, TrueUSD (TrustToken.com) does not hide anything from users.

It’s bank account holding proofs is published each month. All funds equivalent to TUSD are stored in professional trust firms’ banks.
In addition, TrueUSD never touches those funds. Another good thing is that users can directly exchange TUSD with USD without even using any exchange.

Profit taking strategy in crypto

I don’t believe it provides vault storage services such as for precious metals, but then base metals and other commodities are not typically stored in vaults. You’ll have to gauge your own risk tolerance.

Summary

At the right time you take profits with the intention to get out temporarily and back into your crypto holdings within about 90 days, you want to move the value of your cryptos into something that is mostly if not totally out of the banking system, but something that will allow you to get back into your cryptos quickly, including stable coins, cash, precious metals in vaults that are accessible via Bitcoin.
I would like to see more ways to exchange my cryptos for base metals, such as copper, in the same way there is for precious metals.

How to take profit in crypto trading

The crypto market saw some resurgence between 27 July and 28 July.Bitcoin [BTC]was vital to the tremendous price uptick as the market crossed the $1.05 trillion market cap perCoinMarketCap. The market cap gained over 7% from 27 July. However, that was not where it ended.

Bitcoin also contributed its quota as the entire crypto market hit a weekly high in terms of volume.

It was $93 billion at press time—a number it has not hit since the week started on 25 July.

Similarly, other altcoins were not left out.Ethereum [ETH] gained 10.50%, andPolkadot [DOT]increased by 11.48% within the same period.

Ready to rumble

Before this rise, BTC had rumbled earlier. This same week, the price dropped from $22,000 and almost lost the $20,000support. However, the road to resurgence did not start on 28 July.

Take profit crypto crew

Funds on your BullionStar account can be used towards purchases of bullion or be withdrawn anytime.

Bitcoin holders who are thinking of diversifying or taking some profits on their Bitcoin positions may be interested to know that in addition to transacting in US Dollars, Singapore Dollars, and Euros, BullionStar also accepts Bitcoin as a payment option for its precious metals products, and has done so since May 2014.

Using the BullionStar website, customers can quickly and efficiently purchase gold bars and gold coins, as well as silver bars and silver coins using Bitcoin. Customers can also sell gold and sell silver to BullionStar and receive settlement proceeds in Bitcoin.

The maximum transaction size for a purchase order using Bitcoin is currently set by BullionStar at BTC 200 per transaction.

There is no minimum transaction size for a purchase order using Bitcoin.

Take profit crypto crew opinie

The key feature in these services is that you can move from your crypto coins into another asset such as precious metals without first converting to cash and without using the bank wire system.

While you might wire money to open your account at Caleb & Brown, or simply transfer from one wallet to a wallet in its custody (Caleb & Brown), you will not need to wire transfer profits in cash anywhere. You can simply move from your wallet at Caleb & Brown to another wallet, for example, at an exchange in your country, and then sell for local cash.

If you’re in the states, simply move from your Bitcoin wallet “in Australia” to your Bitcoin wallet access in your exchange account in the states, and then sell for cash. There is no need for a wire transfer.

Take profit crypto crew forum

Keep in mind that you want to move from cryptos into something that is liquid, and that is not manipulated anywhere near a 1:1 ratio as your crypto-coins may be, it’s a tricky process to navigate.

The “Stable Coin”

There are several strategies, most involve using a reliable stable coin, a crypto-currency pegged to fiat. The top three are mentioned here, but keep in mind, the strategy is to avoid volatility while retaining liquidity. This can be done with cash, precious metals, commodities and stable coins.

Stable coins are one way to take profits without going into your fiat currency, and stay liquid for the purpose of buying back into cryptos when there are substantial price drops. This also allows you to avoid any financial institution.

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