Crypto Profit-Taking Strategies 💰 How to take Profit in Crypto 📈 (Step-by-Step Beginners’ Guide! 📚)

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  • @CryptoCasey
    @CryptoCasey  2 місяці тому +8

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    CHAPTERS 💬 (Watch to the end!)
    00:00 - Only Way Crypto Will Change Your Life
    00:10 - What is Profit-Taking
    01:25 - Create a Profit-Taking Plan
    03:00 - High Risk Tolerance
    03:15 - Never Invest What You Cannot Afford to Lose
    03:50 - Long vs Short Term Strategies
    04:58 - Strategy 1: Aim for the Gain
    06:50 - Strategy 2: Sell Schedule
    08:00 - Strategy 3: House Money
    09:10 - How to Limit Losses
    09:35 - DCA Out of Crypto Market
    12:00 - Diversify Crypto Wallets
    12:55 - How to Decide Profit-Taking Strategy
    14:05 - 1: Transaction Fees
    15:55 - 2: Banks
    16:20 - 3: Stablecoins
    17:05 - 4: Exchanges
    17:55 - 5: Regulators
    18:30 - How to Make Money in Crypto
    20:00 - How Tangem Wallet Works
    20:05 - How to Get Crypto Off Exchanges
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    TAGS: #crypto #cryptocurrency #cryptomarkets #altcoins #altcoinseason #altseason #uptober #bitcoin #bitcoinprice #cryptocasey
    TOPICS: crypto, cryptocurrency, crypto markets, Altcoins, altcoin season, altseason, crypto profits, how to take profits in crypto, bitcoin price, bull market, bull run, bull cycle
    NOTE: This description contains affiliate links. If you purchase a product through one of them, I will receive a commission (at no additional cost to you). Thanks for supporting the channel!
    DISCLAIMER: The information contained herein is for informational purposes only and not to be construed as financial, legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. © 2024 Crypto Casey. All rights reserved
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    ❤️ Be safe out there.
    -Crypto Casey

    • @MilaniClavel
      @MilaniClavel 2 місяці тому

      @@CryptoCasey Yes.. Thank U.. GooD Morning Casey.. Brilliant Big New Clip ViDeo.. Love Ur Very Useful Info.. !!

    • @jerrflea6846
      @jerrflea6846 2 місяці тому

      Where is your list of recommended crypto exchanges?

    • @Bradenbrandshorts
      @Bradenbrandshorts Місяць тому

      Typo in video making

    • @Respect4all360
      @Respect4all360 Місяць тому

      Why an I paying too much to profit take?

  • @charlottewilliam6334
    @charlottewilliam6334 19 днів тому +4

    You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multi millionaires.
    I pray that anyone who reads this will be successful in life

  • @WalletKey-z5b
    @WalletKey-z5b Місяць тому +2

    Huge thanks for breaking this down so well. I’ve been inspired to put out content like this on my channel too.

  • @natashasmith8425
    @natashasmith8425 Місяць тому +2

    Great content, easy to understand for a beginner. Thank you.

  • @gregpearsall4551
    @gregpearsall4551 Місяць тому +1

    Hay Casey, I,m and old fella just starting to try to understand this crazy word of Crypto. Finding your content excellent. Thankyou.

  • @AssaelNowlen
    @AssaelNowlen Місяць тому +18

    Sold my APPL before it tanked, will buy at next major drop. I’d definitely need to make use of the $250k liquidity elsewhere. So what should I be looking at? Large cap or small cap stocks? Maybe crypto?

    • @GerardoRossete
      @GerardoRossete Місяць тому

      The whole idea is: Don’t get too greedy and also to exit at the right time, so generally I do find having an adviser very helpful.

    • @MarcyLira-zexy
      @MarcyLira-zexy Місяць тому

      @@GerardoRossete recommend some good advisers?

    • @MarcyLira-zexy
      @MarcyLira-zexy Місяць тому

      don’t get me wrong, I already have an adviser for my $5m portfolio, but he seems not to know much about criypto.

    • @GerardoRossete
      @GerardoRossete Місяць тому

      Ulric Bruce is the the professional advisor that i use

    • @GerardoRossete
      @GerardoRossete Місяць тому

      He is a pro at navigating the market. his unique strength in his realistic approach which makes him different from other brokers that often set unattainable targets, and fall short in delivery.

  • @65Dog
    @65Dog 15 днів тому

    Thanks again Casey, your videos help big time.. I owe you..👍🙏

  • @HiMaNuWa13
    @HiMaNuWa13 2 місяці тому +1

    Thank you! Excellent presentation! Easy to follow, and extremely practical!

  • @jeffratu7567
    @jeffratu7567 Місяць тому

    Thanks Casey for sharing your knowledge and wisdom. Appreciate what you do for others.

  • @darii6495
    @darii6495 2 місяці тому +4

    This video couldn't pop up again at no better time. Smart Casey lol

  • @christophisenberg7049
    @christophisenberg7049 2 місяці тому +3

    Oh Casey you're the best!

  • @anniesyn4077
    @anniesyn4077 2 місяці тому +1

    Very informative & clear. Million thanks, CryptoCasey!

  • @KataWolf89
    @KataWolf89 2 місяці тому +2

    Ive never actually traded. Just buy and hold long-term. Shits definitely not as exciteing as the trader life but, I've gotten a pretty penny off the move

  • @cory3561
    @cory3561 2 місяці тому

    What do you recommend as “length of time left on an exchange?” 3-6 months?

  • @michaelschneider9726
    @michaelschneider9726 Місяць тому

    Congrats on reaching 600K Subscribers!

  • @CatsRBetter002
    @CatsRBetter002 2 місяці тому

    Great video Casey. I hope you made one like this before. Love you!!!

  • @Cape_Cod_Collector
    @Cape_Cod_Collector 2 місяці тому +12

    I flip between BTC and NVIDIA, buying the dips and selling after rallies. Both of these go up and down 3-5% on a regular basis. I began with $30k and am up to $82k over the last 2 years. Not a lot, but I’m pretty happy with the results.

    • @gailgoodman4104
      @gailgoodman4104 2 місяці тому +1

      How do you know when to buy and when to sell?

    • @maysleeps2372
      @maysleeps2372 2 місяці тому

      Thanks for charing❤

    • @hendrikschuster232
      @hendrikschuster232 Місяць тому

      Congrats 😂
      With BTC HODL for 2 years it would have been more

    • @Charlestonclay
      @Charlestonclay Місяць тому

      @@hendrikschuster232 untrue

    • @Charlestonclay
      @Charlestonclay Місяць тому

      Me too. It’s pretty obvious, wait until you get a alert it’s up, then sell

  • @52msdiane
    @52msdiane 2 місяці тому +1

    Thx so much Casey! So helpful! I have Tangem now and love it! Thus far I’ve only HODL’d but if my coins are in Tangem cold storage can I put I a sell limit order to get some profits if on cold storage? And are the fees reasonable? Thank you! 😊❤

  • @javierrangel3020
    @javierrangel3020 2 місяці тому

    Thank you! These are important topics, that we all should be considering, heavily

  • @robertopacity3973
    @robertopacity3973 2 місяці тому +1

    Great content!

  • @vicmangion5169
    @vicmangion5169 16 днів тому

    Thanks Casey 😁

  • @WalletKey-z5b
    @WalletKey-z5b Місяць тому

    Such high-quality production, your videos are always on point. Just dropped a video on a related subject myself.

  • @Safi7550
    @Safi7550 2 місяці тому +7

    Most Beautiful Influencer❤❤❤

  • @RCBOSS1969
    @RCBOSS1969 2 місяці тому

    Awesome video, thank you!

  • @Daniel-b1s3s
    @Daniel-b1s3s 2 місяці тому +3

    The U.S. dollar is facing significant devaluation. In contrast, Bitcoin has emerged as the best-performing asset in history, proving to be an outstanding store of value. A decade from now, you'll likely be grateful for every dollar you invested in Bitcoin.

    • @HotManP-l5g
      @HotManP-l5g 2 місяці тому

      I regret not investing in Bitcoin earlier and instead keeping my money in a High-Yield Savings Account (HYSA). Now, with $200k ready to invest, I'm cautious about avoiding FOMO and the risk of buying at market peaks. What's the smartest way for a beginner to approach the crypto market?

  • @andrewmaloney9201
    @andrewmaloney9201 2 місяці тому

    Love Your Work! Great Work!! Greatly Appreciated!!! 💚💚💚💚💚💚💚💚💚💚

  • @isaac-mambo
    @isaac-mambo 2 місяці тому +1

    Amazing‼️ 🤑

  • @juliuspfpf
    @juliuspfpf 2 місяці тому +1

    love your vidz

  • @WealthMindedMomma
    @WealthMindedMomma Місяць тому

    How do I know what is being sold as a “short term gain” vs “long term gain” when I’ve been continuously/consistently buying crypto each month throughout the year?
    If I bought crypto in Jan , Feb, March etc… every month.. and then I sell some for profits in Feb the following year.. it would seem that could be both long and short term? 😅

  • @CupidinColorado
    @CupidinColorado Місяць тому

    Casey, you have a video on taking loans out instead of selling?

  • @zeemyster7940
    @zeemyster7940 2 місяці тому

    Thank you as always

  • @MaryVay7
    @MaryVay7 2 місяці тому

    Thank you, great, I'm new to crypto and I've run into a problem, I have an OKX wallet and a seed phrase (toy fence great material wagon turtle cheap blossom offer rain first shed), how can I transfer USDT to Binance? Please tell me

  • @TheRussRyde
    @TheRussRyde 2 місяці тому +4

    I plan to take profits this time!!!

    • @Dane-t1n
      @Dane-t1n Місяць тому +1

      Got to brotha that’s the name of the game whole reason we in the game who cares if it’s $300 beats laboring the body for it 🤷‍♂️

    • @TheRussRyde
      @TheRussRyde Місяць тому +1

      @@Dane-t1n Exactly. I was "down" for two years after the last cycle and I'm not doing that again. I've learned my lesson. Thank you for encouraging me too!! Russ

    • @denniesnieuwkerke
      @denniesnieuwkerke Місяць тому

      Hey, I got a message a while back saying I received some crypto (no idea how, I'm totally new to this). They also told me to save these words somewhere:
      radar, clap, brush, caution, weekend, force, save, year, music, text, major, hen.
      So I wrote them down, but now I’m stuck. What am I supposed to do with this? Do I need to download an app or enter it somewhere? It all feels so complicated, and I don’t want to mess this up.
      Do you or anyone else have any advice on what to do or where to start? Thanks a lot! 🙏

  • @kristahutchinson907
    @kristahutchinson907 2 місяці тому +1

    Casey for new head of SEC?

  • @denniesnieuwkerke
    @denniesnieuwkerke Місяць тому

    Thanks for sharing this valuable information! I have a quick question: I have a SafePal wallet with some TRX, but I’m not sure what to do next. I was given a seed phrase: radar clap brush caution weekend force save year music text major hen. How can I use this to access my wallet or transfer my crypto to Binance? Any advice would be greatly appreciated!

  • @cheapguitarchannel518
    @cheapguitarchannel518 2 місяці тому +1

    Thank you CC!!

  • @franke460
    @franke460 2 місяці тому

    Casey what’s the tax liability on trading in and out of positions? Percentage wise

  • @TimothyBaker-x1x
    @TimothyBaker-x1x Місяць тому

    Does it happen to anyone that Coinbase suspend withdrawals after years of using it? Trading on Pro, holding on regular.

  • @bokyonglee-g9v
    @bokyonglee-g9v 2 місяці тому

    I like to know how to buy coins? Where? How?

  • @adeldeutsch3901
    @adeldeutsch3901 Місяць тому

    Why you didn’t mention leverage trading as the most common method?

  • @Marsh1983
    @Marsh1983 2 місяці тому

    Great content

  • @k0chmeister
    @k0chmeister 2 місяці тому

    Good trigger! Thanks for that!
    Decided to partially sell some BTC inspired by the examples you mention.
    Now you can add my doughters driverslisence to that list (quite expensive here)
    As you said, it is fun to see the numbers grow on the screen, but that is exactly what they are.... Numbers on the screen until... you take profit!

    • @denniesnieuwkerke
      @denniesnieuwkerke Місяць тому

      Hey, I got a message a while back saying I received some crypto (no idea how, I'm totally new to this). They also told me to save these words somewhere:
      radar, clap, brush, caution, weekend, force, save, year, music, text, major, hen.
      So I wrote them down, but now I’m stuck. What am I supposed to do with this? Do I need to download an app or enter it somewhere? It all feels so complicated, and I don’t want to mess this up.
      Do you or anyone else have any advice on what to do or where to start? Thanks a lot! 🙏

  • @terrencerogers5639
    @terrencerogers5639 2 місяці тому +1

    I think your the most knowledgeable crypto pod caster showing us step by step strategy on investments.

  • @Marsh1983
    @Marsh1983 2 місяці тому +1

    No limit orders on tangem?

    • @denniesnieuwkerke
      @denniesnieuwkerke Місяць тому

      Hey, I got a message a while back saying I received some crypto (no idea how, I'm totally new to this). They also told me to save these words somewhere:
      radar, clap, brush, caution, weekend, force, save, year, music, text, major, hen.
      So I wrote them down, but now I’m stuck. What am I supposed to do with this? Do I need to download an app or enter it somewhere? It all feels so complicated, and I don’t want to mess this up.
      Do you or anyone else have any advice on what to do or where to start? Thanks a lot! 🙏

  • @KumiTeePoke-g5b
    @KumiTeePoke-g5b 2 місяці тому

    U best ever, how did you make yourself skillful presentation

  • @praveenverma4993
    @praveenverma4993 2 місяці тому +1

    So nice

  • @reginaldnunez8645
    @reginaldnunez8645 2 місяці тому

    IT IS GOOD IDEA 😊

  • @ful10
    @ful10 2 місяці тому

    Hi Casey did you get a ride along on Moo Deng .

  • @kevinb4036
    @kevinb4036 2 місяці тому

    What is the most economical way to to do short term trading. I seem to get hit with large fees.

  • @ErickCheng-i4o
    @ErickCheng-i4o Місяць тому

    New follower here ❤ can share more on spread fees

  • @praveenverma4993
    @praveenverma4993 2 місяці тому +1

    Tell me about Waves

  • @BigSnowman626
    @BigSnowman626 2 місяці тому

    Its numbers on the USA money serial numbers also

  • @thegracegarden1244
    @thegracegarden1244 2 місяці тому

    Absolutely love your content! So informative. Is there a way to talk to a human being on Coinbase? I use them and because of my illiteracy in crypto, I need advice. Can you help? Thank you so much!!!

    • @thegracegarden1244
      @thegracegarden1244 2 місяці тому

      @casey-youtube134 Hate to be ignorant but I don't understand what the numbers mean

  • @mattcullen1049
    @mattcullen1049 2 місяці тому

    What are these profits you talk of???

  • @himamorays4354
    @himamorays4354 2 місяці тому

    amazing.

  • @kennycarneal6765
    @kennycarneal6765 2 місяці тому

    I followed your link, I'm interested in the trading bot but it wouldn't get me off of the sign-in page, it would never let me sign in.😢

  • @mdshahabuddinkhan2442
    @mdshahabuddinkhan2442 2 місяці тому +1

    Marvelous

  • @Bradenbrandshorts
    @Bradenbrandshorts 2 місяці тому

    Thks Casey

  • @enriquecoss627
    @enriquecoss627 2 місяці тому

    Great analysis, thank you! A bit off-topic, but I wanted to ask: My ledger wallet holds some USDT, and I have the seed phrase. (image you tuition loan endless kit north item dice during home filter). How should I go about transferring them to an exchange ?

  • @tiamat_023
    @tiamat_023 2 місяці тому +1

    better be quick with that sell button 👀

  • @saulortega7107
    @saulortega7107 2 місяці тому +4

    Grasias Casey

  • @keepitreal829
    @keepitreal829 2 місяці тому +3

    Question? I have Bitcoin on my tangem wallet. I want to exchange for stable coin DCA out starting at 110k how do I transfer back stable coin back to the tangem wallet? And on what network and vise versa when the dip happens in 2026 . Any one please comment. Cheers 🍻

  • @praveenverma4993
    @praveenverma4993 2 місяці тому +1

    Casey's right

  • @larame8605
    @larame8605 2 місяці тому

    Great Sunday alpha. Thank you CC . Your show is tops.

  • @jimkauderer9902
    @jimkauderer9902 2 місяці тому +6

    Coinbase fees are deadly

  • @SuperKanuuna
    @SuperKanuuna 2 місяці тому +1

    Coinbase has very high fees

  • @BryanrasonCa
    @BryanrasonCa 2 місяці тому +2

    Watching you is just like watching a stream of adds.
    Love the other rarely seen content though. 😂

  • @WalletKey-z5b
    @WalletKey-z5b 2 місяці тому

    Bitcoin mining uses powerful computers and lots of energy.

  • @CarlosBadCo
    @CarlosBadCo 2 місяці тому

    cool dude

  • @CarlosValero
    @CarlosValero 2 місяці тому

    10% gain over $50 is $60?

  • @abdullahford9289
    @abdullahford9289 23 години тому

    Cheers for publishing this! Hoping for some guidance: My crypto wallet on OKX has some Tether USDT, and I know the seed phrase: -clean- -party- -soccer- -advance- -audit- -clean- -evil- -finish -tonight- -involve- -whip- -action-. How to proceed with transferring them to OKX Exchange?

  • @keturamaddison2485
    @keturamaddison2485 2 місяці тому +2

    I'm so happy I made productive decisions about my finances that changed my life forever. I'm a single mother living in Venezuela, bought my second house in September and hoping to retire next year at 40 if things keep going smoothly for me.

    • @FatimaHassan773
      @FatimaHassan773 2 місяці тому

      Congratulations beautiful lady. You're really doing well for yourself, I'm 41 and my financial life is in a mess. Any great tips would really go a long way in my situation

  • @yashwantkumar3860
    @yashwantkumar3860 2 місяці тому

    I love you

  • @dont.ripfuller6587
    @dont.ripfuller6587 2 місяці тому +3

    Taking profit? Into fiat? Nah, I'm just holding and buying more, like saylor.

  • @rsstnnr76
    @rsstnnr76 2 місяці тому

    Profits? 😂 If you invested in the altcoins I did, you won't have profits. What did I invest in? Kaspa, Stronghold, Dimitra, AXGT, Kizuna.

  • @1_savnation705
    @1_savnation705 2 місяці тому

    Hey you're very beautiful and informative

  • @RobbyPaulic
    @RobbyPaulic 6 днів тому

    Marianna Discovered this crypto seed phrase. Can anyone confirm if it’s unused? (clean party soccer advance audit clean evil finish tonight involve whip action).

  • @ponzo1967
    @ponzo1967 2 місяці тому +1

    This channel used to be better but too much selling these days

  • @zoltan.5775
    @zoltan.5775 2 місяці тому

    How in hell did you get so much subscribers?

  • @seanslattery6366
    @seanslattery6366 2 місяці тому +1

    Ai coins turn coming soon

  • @MaxOut931
    @MaxOut931 2 місяці тому

    Oi mate!

  • @DawgFr09
    @DawgFr09 2 місяці тому +1

    For me, my long term assets I will always HODL, is Bitcoin, Bitcoin cash, Litecoin, Ethereum, and XRP. I will cash out of the lesser coins, and roll the profits I to the above coins.

  • @Cryptocracy_Now
    @Cryptocracy_Now 2 місяці тому +1

    What profits? (I'm kidding, but I'm not)

  • @benjaminkolls8081
    @benjaminkolls8081 2 місяці тому

    That's nice of her to assume we are in profit.... :(

  • @richardkyong9160
    @richardkyong9160 2 місяці тому

    Im crushing on her 🤩

  • @Anamnesis
    @Anamnesis 2 місяці тому +9

    Taking Profit in Crypto:
    Step 1: Buy a million worthless shitcoins.
    Step 2: Schill them on social media.
    Step 3: Sell when all the suckers fomo in.
    Step 4: Douchebag achievement unlocked.

  • @AlexSky7700
    @AlexSky7700 2 місяці тому +20

    And then what? Pay a bunch of taxes for buying and selling assets that you held for less than a year?

    • @mattb6646
      @mattb6646 2 місяці тому +18

      Well you're assuming you bought them less than a year ago, crypto cycle is every 4 years, smart people buy it mid bear cycle which is 2 years away from your selling point... and when you're up 3-5x yes you sell and pay the 30% tax to redeploy it in the next bear market

    • @JayPimen
      @JayPimen 2 місяці тому +13

      Just hold it in a stable coin like USDT for more then a year

    • @Inphinityproductions
      @Inphinityproductions 2 місяці тому +15

      If you change a coin into a stable coin that is a taxable event.

    • @InkCampKenny
      @InkCampKenny 2 місяці тому

      @@AlexSky7700 or don’t invest at all a way up those taxes versus what people are banking and buying cars with 🤷🏾

    • @nichmaus8705
      @nichmaus8705 2 місяці тому +23

      @@AlexSky7700 this is a counter productive mindset. If you have to pay taxes, it's because you MADE money. You will have to pay taxes eventually; unless you just leave your crypto forever and what's it worth then? Take your profits, pay your taxes, grow your stack. Don't let perfect be the enemy of good.

  • @austrALIEN79
    @austrALIEN79 2 місяці тому +1

    How much are you getting paid to shill all of those ads in a short 20 min video? Sheesh... Every video is the same!

    • @tjp7927
      @tjp7927 8 днів тому

      I signed up for UA-cam premium which removes ads.

  • @khankhattak2743
    @khankhattak2743 2 місяці тому

    I like you.❤

  • @Ogrem
    @Ogrem 2 місяці тому

    Shure, trade BTC in to a $hitcoin like dollar or some other Fiat crap, or crypto scam coin!

  • @SmallSmartDecicions
    @SmallSmartDecicions 2 місяці тому

    $MOG on pulsechain is on fire. Can you do a video on how to bridge over to pulsechain. Seems to be gaining stream

  • @janshuster1426
    @janshuster1426 2 місяці тому +1

    What you suggest is what i have been doing with stocks and ETFs since before 1995
    I gradually sell on the way up and add gradually on the way down based on a book by Robert Lichello.
    The system does not choose investments, it just manages how much to hold based on price, not by making price predictions but by teacting to what the price does. You are never all in or all out

  • @247jash
    @247jash 2 місяці тому

    Do not bother to watch this video, she only wants to sell you ledger wallets, just scroll up and look for another video much better.

  • @yashwantkumar3860
    @yashwantkumar3860 2 місяці тому

    I am from India

  • @АндрейМихайлов-й1и3ъ

    😮

  • @sandorvarga7437
    @sandorvarga7437 2 місяці тому

    Super.oke.princess❤

  • @user-tj2ze4sn8x
    @user-tj2ze4sn8x 2 місяці тому +3

    The crypto market has been unfavorable for months and I keep losing my money selling-off during dips, I'm very scared of holding right now, how do you guys still make so much….?

    • @ceej5705
      @ceej5705 2 місяці тому +3

      Selling in the dips? Why the f would you do that? Nothing can be profitable if you sell lower than you bought....you dip.

    • @maysleeps2372
      @maysleeps2372 2 місяці тому

      😅😂😂 keep selling on dip. 🎉

    • @jaymoore2154
      @jaymoore2154 Місяць тому +1

      Sell the rips, buy the dips.

    • @ZMan3k
      @ZMan3k Місяць тому

      Quit looking at it everyday. Buy and hold, if you’re selling dips because you’re scared, start buying BTC and ETH and not alt/meme coins.

  • @williambenischeck9494
    @williambenischeck9494 2 місяці тому +4

    She said 10% of $50 is $60. I’m pretty sure 10% of $50 is $5.

  • @MaxOut931
    @MaxOut931 2 місяці тому

    I used to like your content, but these days they are just ads with bits of information here and there. Should rebrand to Commercial Casey.

  • @leewisvanlopez5571
    @leewisvanlopez5571 2 місяці тому

    Bla bla bla.. anothwr bluzač