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Money vs. Machine

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One Day You’ll Wake Up and Your Crypto Portfolio Will Be $0

3 min readJan 9, 2022

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Photo by Christian Erfurt on Unsplash

Investing in cryptocurrencies is a daunting task.

A task that never ends. As the crypto markets are open 24/7. Even on the weekends and the holidays.

Most people aren’t successful at trading cryptocurrencies, while a handful of crypto traders strike it rich.

But even if you’ve mastered the global crypto game, you need to stay smart.

And the smartest thing you can do is a crucial step to your long-term success in investing and trading cryptocurrencies.

Take Your Profits and Run

If you want to be a successful crypto trader, you must remember to always take your profits.

Yes, take your profits and run.

Whenever you have a high enough margin above your position, you must sell your crypto assets and take your profits off the books.

But taking your profits requires diligence, timing and monitoring.

And doing this means that you’re more of a trader than an investor.

Because traders enter and exit when they see a high enough profit in their position. While…

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Money vs. Machine
Money vs. Machine

Published in Money vs. Machine

Embrace your inner robot. Geek out on the publication that robots read to stay on top of what’s happening in crypto, finance, business & tech. Get our *FREE* newsletter here: moneyvsmachine.com

Alex Bentley
Alex Bentley

Written by Alex Bentley

Just a writer trying to find my voice in the world.