There is a very good feeling that comes when you sell coins for a higher price than you paid. The same thing happens in lots of businesses but few of them happen so quickly or directly from your phone. I like making a profit, but it doesn’t always work.

So let’s say that you have bought some crypto, watched its value 5X or even 10X and you sell it. Great, you have now improved your finances by making a profit. It is very satisfying if you are very clever (or just lucky) and sold just before the price dropped. However, it is unlikely. You are more likely to sell and then watch the price go on up and up, which brings a feeling that you should have waited.

Now you have your profit and feel successful. The problem is, what next? The difference between when you started and now is that your capital value has increased, but you still need to decide what to do to make more profit.

This is why you need to have a strategy that includes buying, selling, extracting profit and using it to build your portfolio.

My strategy is fairly simple. I don’t sell at a loss, and sell some of my holdings as the prices rise. Of course the outcome of this is that I accumulate various coins that have not risen since I bought them and that I never have a really big profit that comes from a large investment that goes up 100X.

I listen to various youtubers who devote a lot of time to forecasting the most likely big gainers. The ideal would be to find one who uses our money to make a profit. There are lots of people offering this possibility but it doesn’t fit with the idea “not my numbers, not my crypto”