Bitcoin Forum

One of the best feelings as a crypto lover and holder is to see your holdings rise and increase in price while your portfolio is swelling up. But majority of people are carried away with the joy and gladness of this market pumps and then keep waiting to take profit at the peak till it begins to dip and they sell way lower than what they should have gained. It's something that's common to almost all traders. I can say greed is part of it. How do you think this problem can be solved.?

if i understood you well, you are looking for a way on how to know the best moment to sell right before the dump. I am sorry to tell you that this is almost impossible because you can't expect the price to go up or down in a determined time. So maybe if you sell right after the peak, the price will increase again.

The best advice here is; once you sell your coins with a good profit, try not to come back checking if you were able to make more profit or not. This is how the game works.

Greed and profit. These two will always be attached to each other and as someone who takes profit for every market season, you'll always have the feel of guilt and regret that you have sold way lower in the past because you're looking at the current's high price.
Don't mind the past sell outs that you've done and you'll never feel the sorry and regret that you've sold early than what you see with the market. Every sell you do, just think of it as a profit that goes to your hands and you'll never come back with it.

It is necessary to constantly monitor the price of the asset, regardless of whether you have already closed your order or not. It is possible that the market will once again give you a better entry point into the trade than it was before the order was closed.

This is everyone's problem and it is perhaps due to human psychology and greediness so i do not think it will end, the only thing one can do is to follow a strategy where taking profits at 10 20 50 or 100% should be a must only then one can take regular profits.

make a target, because if we don't set a target then we will definitely be greedy and want to get a very big profit, so if you have set a target for the profit you want, then you already know when is the right time for you to sell it, even if the price continues to increase when you already sell it, but at least the profit you get is according to what you are targeting, so you definitely won't feel too disappointed when the price of the coin is still increasing by the time you already sell it.

Yes. This is also a possibility, but from a reasonable view point. Any trader should have a target about how much profit he want to make just like when using a trading bot where the user should set interval limit of sell and buy.

My response was about the question of op about if there exist a method/strategy to know when to sell before the price goes down. He has already mentioned that this is a greedy trader question.

If you have got enough profit and then leave from the market. If you are seeing a lot of potentials and then you can continue to hodl your coins dude. that depends on how good you are to determine the price of crypto in the future.
You should see the trend. People can control their greed easily if they are using their mind
You should not be greedy but at the same time, you must also see how big the potential of crypto whether it can go even higher or not.

I would say this is common though, greed is hard to control, one of the emotions that we really need to check. However, if you are long term holder, it doesn't matter though, when your wallet swell because the price keeps rising, then it's all good because you are not going to dump it isn't it?

But for those who are happy to have some profits and squeeze as much as they want, then obviously they have to decide when to sell, so timing should be perfect.

This is indeed a tough one. It’s hard to sell when things are pumping and you don’t want to miss the top. But then you don’t want to miss the top and end up losing 90% value like that happened to most alts in 2019 after the pump. Controlling greed is key.

People should start to use their sense to determine which is the best time to sell our coins. I have seen that so many times people have not sold their coins when the bullish happened and they have ended in a big lose cuased by they can't take the opportunity and they keep hold their money in their wallet. That's something that must not be done by anyone.
People should sell at least some of their portfolios.

It is better to take some profits to prevent regrets just as the OP emphasized, with some little research a hodler should use indicators that can indicate overbought zone of the price RSI indicator is very helpful in that regard however when the price reached overbought zone it either price  dump completely or pullback a bit before continuation of the bullish run however to be on a safer side it better to partially take some profits to avoid touching stories cryptos are highly volatile in nature.

Many people failed to have a particular aim themselves that's why they hesitate to take profits, the only way greed can over power a human in business or investments is if the person have no target, meaning he or she don't know where they are going, if you can't figure out where you are going it means you have no boundary.. such person will never be satisfied

The greedy will take its part from the rise of the crypto market, making many people forget to take profit from their coin. Instead of selling their coins at a peak, they prefer to wait for more because they expect that the price will increase more after that. Unfortunately, what they want will not always happen because we do not know how long the coin price will stay at a high price. So take profit while you can, and don't think about selling the coin at another high price because it does not always happen.

It's easy just always sold half of your investment Everytime there is a peak in price, even you are greedy and want more profit from it you can use the other half for waiting just sold the half to secured your gain . You can now move the  half you sold to other project that you think will increase it's price in that way you can earn more than waiting for unguaranteed increase of your holdings.

Greed is a very correct term. Mankind always wants more. Maybe buying Bitcoin is a risk right now, but everyone is investing greedily.
It is difficult for beginners to trade in the right time. Some things require experience. Trading is one of them  :-\

You can't really get rid of greed completely, the only way to be one step ahead of greed is to develop the habit of having a target, assuming you buy a coin for 1$ find your next target to opt out, can be 2$ or 3$ and be serious about it, once that target is met you will definitely go ahead with your plan

There is no way you won't be caught by greed if you are still new to crypto, those who are now smarter are all once greedy too, I was able to adjust myself because I lost money few years ago due to been too greedy but today I don't want or hunt for too huge gains anymore, I'm used to taking profits fast.

This kind of problem gonna solve itself actually, once that person experience the feeling of missing out bullrun because always expect the bullrun to always go up and not gonna have correction. Eventually they gonna have the mindset that a profit is a profit doesn't matter whether we misses out the peak. Atleast it's better than having no profit at all or even worse losing instead.

It always happens and it is difficult to avoid it because after all we cannot know the crypto that is held will rise until when. But indeed as a trader you must also be able to understand to take profits immediately because we can trade the next time.

Indeed and all are agreed on this one...
Because there are many type of trader and those traders are the risk taker in which they can gamble as long as they are still in the level of gaining.
Though the amount may certainly changed either to Grow or maybe to fall it is a decision to make.
Nah for a Noob trader this is a Greed ,but for a Legit and long time trader ?this is a Choice and no wonder you don't know that ,meaning you are one of the Noobs who's making words without constant knowledge .

What is "taking profit" in crypto? What is your final goal, more fiat or more crypto? It's the tricky part, if crypto market drops more fiat means a lot more crypto, if crypto market goes up more crypto means a lot more fiat! All this changes can make a mess in your mind... so it's important for everyone to have some goal to follow! Have a plan and follow it, we can't make profit all the time, sometimes we need to chill and miss a few things.

Solve your mind! It's not always profit taking, as much as we would like that! We risk to make more, but it's not always possible to make more! But without trying we don't have chances, so relax… learn your limits, when you need to play safe, when you can allow yourself to risk and gain a lot more or get busted! It's excitement after all, one of the things that makes crypto great!

There is no need to warn people about greed, they will eventually learn after few regretful decisions, I learnt mine after 2017 altcoin season, I was so hesitate to take profits, I was new then and I thought the pump is only getting started, now I don't care about how much I made in a week, month or year, when profits are available I take it.

The problem is that people who don't even understand about fiat trading invest everything in cryptocurrency. Novice traders are guided by "impostor experts". The crypto market does not work according to the scheme of quick earnings, some managed to get rich quickly, but most lost everything. The cryptocurrency market, like any other, is cyclical, after growth comes a fall.

We can only solve such problems ourselves, namely controlling our greed and the potential for the coin, if you already feel enough profit there is no loss if you sell immediately but if you think the coin will continue to grow, then hold it longer.

Yes this has been a far felt problem when it comes to taking profit and making profit out of the market. The only way out is that we should make reasonable targets in mind and then set that trade order according to the target and do not worry as market will keep offering more opportunities later.

How to be solved?

-Set out profit taking plans or spots
-Dont let your emotion of greed control you
-Secure profits and be contended

these are the traits that a trader/investors must have or else you would really be always
ending up on missing the best time on selling out your portfolio.

Regulating emotions to not be greedy is indeed too difficult for traders and investors. Especially if you look at the market as bullish as it is now, especially what happens to bitcoin, making investors and traders want to make as much profit as possible. The market hasn't dipped for bitcoin and people are still greedy. Nowadays many traders and investors are not willing to sell to take advantage.

It's just a matter of trading management used, if you use the right management then he should gradually sell the assets he has, this is an asset selling strategy carried out by professionals.
This management also applies when buying coins, because buying and selling gradually is the best way to control your greed.

The current market situation is a good example of why taking profit is so important. With the market red you would be regretting now if you didn’t sell a few days ago.

By not trading! If something is a common occurrence among traders and you want to avoid it, stop trading. ;D

The market works because we can't all be right and we can't all be millionaires. Some people make money because others lose. If you'd fix it and make it uncommon for traders to choose wrong targets there would be no risk in any investment but also no profit.

You can't fix that like you can't fix the world.

They don't want to sell their assets because they know that if the potential for bitcoin to hit the price of 100k usd is not impossible, the increase in bitcoin prices over the last few weeks is proof that bitcoin is the best asset when the pandemic destroys the price of the forex and stock markets.

There are only some lucky or we can say wise guys whose holdings rising but on the other hand majority of the holders faces loss due to some greed I can say. This is the market where you have to analyze at the right time to quit or hold. Always set some taking profit targets to avoid the loss.

People with new knowledge of the market are experiencing these problems. Some people creates the perception that there will be a constant increase in bull running. We should act with our logic, not our emotions  :)

How exactly do you intend to solve it, there are millions of people who are investing here and you can’t solve this problem for them. When the market is increasing a lot of people usually feel like it will keep on going and they feel like if they withdraw their profit they will miss out on more profit , so they keep on holding their funds until they happen to lose a lot of it when the market reverses and starts falling.

You can only teach a few people what to do. It’s good to take your profit once you have gotten, if you still feel that the market will go further, you can take a part of it and leave the rest but still monitor the market seriously.

It's easy to say but really hard to implement during actual. You can't think logically once you are experiencing euphoria due to hype. You will just feel FOMO if you early exit on a bull run. Taking profit and stop loss is the hardest thing to do in trading especially if you are newbie or even old trader that didn't know how to use indicator. It's not enough to TP everytime you gain profit. It's better to TP at the righ moment and using fibonacci is the best indicator for that.

Taking profit is one of the toughest decisions a hodler had to take because you will be deprived of your loved and emotionally attached coins. Im also one of the hodlers that always keep hodling and after seeing peak and getting to reversal regrets to take profit I hope i will improve next time.

Learn to take profit now sometimes no matter how much we try to really gain profit sometimes we loses the point where we can get higher amount since the price started to drop. Whenever I feel like wanting to sell and take profit I do get minimal portion just to make myself relieve since I don't want to regret again not being able to get some profit when the price of my investment peak some ATH.

Seeing our portfolio grow in USD after buying a coin is a thing of joy, and just like you said many people including me get carried away and feel the coin will continue pumping and in the end it will start dumping and we will be forced to sell at a much lower profit than what we had before, all this are caused by greed, almost every trader face this exact same problem not knowing when to take profit from trades is really difficult, cause we humans normally will want to gain more and more, the best solution is to follow our trading plan and take whatever profit we targeted, from 10% up looks like a good time to take profit.

It is easy to solve this, you need an exit strategy, an entry strategy basically looks for signs to try to tell the optimum place to enter the market and an exit strategy does the opposite, once you have entered a position in the market it tells you when to get out of your position, the problem for most traders is that they spend months or even years to try to find the best entry strategy but they never bother to learn how to exit their positions, if you can do that then your chances of becoming a profitable trader will improve significantly compared to other traders.

Sometimes guts and intuition do really help in times like these on where you should really be taking profits instead on holding up.Be contented

on what you had already gained but greed is part of human nature thats why its really hard to resist when you are already in the actual situation.

Who doesnt love to have more? If you can risk out and wait for longer then youre choice but tendency of regret is there when the price had already dipped down.

It can't be solved!

Greed is something intrinsic to human nature, and it is extremely difficult, yet not impossible to control. Once some sort of control is possible, then a remedy for trying to sell at the right times to maximize profit is unfortunately experience.

With experience, and after getting burnt several times your risk-adversity changes, and only then you're able to start devising a strategy that works for you. Like as soon as you're taking 20% profit of your investment you'll be happy or something similar.

Practice and base things from your previous experienced. It's tough especially when greed comes up instead of taking profits you'll that it will bring

more, only to realize that corrections already taking place and you missed the opportunities to get decent from your investment. Think of this, much

better having small profits than nothing.

The majority of the community people right now here in cryptocurrency industry are waiting for the altcoins
season, because for them the price of Bitcoin is too expensive, therefore the second way for us to gain Bitcoin
is the altcoins this could be our last hope for us to earn good in the future.

the problem is that it is emotion and greed that makes traders fail to take profits, and this happens almost for traders,
especially new traders, of course the method is easy, learning not to be greedy,
when when you are in profit then sell and buy back again at the price you have analyzed.

Greediness is human nature where we're not always get contented and satisfied with what we have. It's one of the main reasons why traders and investors always lose. Setting a certain target as for me is a good strategy so we'll know when to sell. We should take control of our emotions despite all the hype that we might hear around us.

In fact it can and you gave the solution yourself, you need a strategy that tells you exactly when to get out, one way is to do it as you state, you determine a percentage that you want to obtain out of each trade and then once that is reached you sell regardless of anything else, another way is to have a moving stop loss, basically you wait until the price faces a correction of  a certain percentage until you sell, this method has the advantage that it keeps you in the market in the case of a strong bull run and it improves your profits.

2 ways basically imo:

1) Case one - crypto you believe in
- basically you set yourself a price at which you sell and that's it. For example, set BTC sell price at $50k and wait

2) Case two - crypto for quick gains
- basically use TA and set several targets for profit

yeah, majority of people will think if the price will always going up and they forget about corrections or even reversal
for me, set a realistic profit target can solve about that and always stay away from greediness

My advice for solving problems related to take profit is stick to the plan, I'm sure everyone when deciding to buy coins must have set a target
for sale at what price. So immediately sell the coins if you have reached the specified target, but most people are greedy so when they reach
the target they don't sell it. And want even greater profit, finally the price drops and gets a profit below the sell target.

many threads have explained about greediness in the crypto owned by most people. All people of course have greediness, panic, and also emotions. But it depends on one ah person. Some may be able to control and manage it so it is under control and we don't need to worry about it. But we must be careful.

However, it will depend on how long-term investors work. They will hold the coin although the price is still increasing. They think about their analysis that can bring to higher acceptance rate; In this case, waiting for the increase within analysis will be different enough without any analysis.

Unfortunately there are still many investors or traders who do not have a special plan when investing, especially novice investors and traders, they do so based on signals or suggestions or analysis of others,
Although sometimes they have a target, but sometimes their greed makes them confused in making decisions, if my advice is better to sell gradually than confused in determining the target to sell all your coins.

Exactly, when you make a trade you need to know why you are making it and more importantly what are you trying to get out of it? Buying a coin just because you hope it goes up in value is gambling and while I enjoy gambling I never expect to get profits out of it so why people think that if they follow the same philosophy in the markets they are going to get different results? We must know what is our target goal when we make a trade and once it is reached we need to sell no matter what.

As a crypto lover, I would love to hold the potential coin in my holding treasure as well as and when the listed tokens or the suitable coins are starting walking up to a pump. But maximum time I'm trying to sell my coin when it is  moving forward. Because I'm a professional trader in the crypto industry.

Yes greed is the main issue, reading your topic I thought you have a solution to the problem but now you are asking the audience about what they think? Hmh, the truth is everyone can't always be at profit, some will always buy at ATH thinking that the price is rise more, I started hesitating to buy bitcoin after 25k but it goes up to 47k, I never expected that

Well, i like to use the TP1-TP2-TP3 strategy.
Basically means Take Profit, at certain positions for certain amount. That way i'm sure i get at least something in case it all tanks suddenly

Well investing and gambling are bit different to each other although they both impose risks.
In gambling, when you lose, you lost all your bet in basic sense. In investment, you can still rake those burnt money you still manage to save.

If you have sold your crypto at your desired point then be happy always, even if the price continue to grow. We shouldn't flow with greed. Investor can enter in the crypto market anytime if they have plan for long term holding. They need to choose top coins of crypto market for this. Bitcoin is the safest home for investors in long term. Recently btc price have reached up to 42k, maybe you have a typing mistake.

’Buy at low and sell at high’ is the simple way to ensure profit from investment. It doesn't mean that you need to buy at dip and sell at top for taking profits. Don't look at the price much if it falls after your purchase. Just wait with patience.

Yeah, you are somehow right because holding a coin after purchasing can equally contributes to nice profit and also holding a coin after purchasing can equally contributes to great lost, because the advantage of purchasing and hold and disadvantages of purchasing and hold is in the same equivalent, because marketcap of bitcoin can equally changes any time any hour after purchasing, it might increase or decreases, so making profit when holding bitcoin is not assured to anyone from my views.

don't be greedy, i think thats the best way to solve the taking profit problems
because for me if i already made about 2% - 3% profit in short period time is enough wich mean less than a weeks my friend

but if they take profits and havent wait they regret later on and complain .

i dont know anymore if which side they will choose but if im on that situation i think i will choose to take out profits because that is already surer , your holding a real money with you and you can still have a chance again to participate once the market corrected  .

 i remember this scenario when im gambling that im already winning alot but keeps on pushing for more wins but i end up loosing all at the end lol .

I think this should be the least problem for everyone. It is enough to have an initial investment plan and the understanding that sooner or later you will have to fix the profit.
Understanding this gives you the opportunity to choose the exit point and the amount of fixed funds.

Things like that happen to me all the time. When prices are high, the desire to earn a lot of money makes me forget the fact that prices can fall at any time. To overcome that, I usually set the desired price target. I'll sell it if the price matches the target. 

Tbh, waiting for maximum profit is one of my mistakes in the past. Previously I also waited for the profit to reach its highest point, then the price dropped drastically and also dipped hard. I can only say, if you get the profit you want, don't wait. although there are several methods to be able to get maximum profit, but still it will be quite risky. always prioritize profit

If only they know when the ATH comes, they will still be holding and wait that moment to come but unfortunately, no one knows about it and we can't blame some investors to sell it earlier. They are securing their funds already as they are also afraid a similar happening last 2017 had come to them. These people are not long-term holders, nor they will extend their optimism but they are just contented with a few percentages they get.

And those who were able to hold it longer, are lucky enough as the market continues to hype.

the solution for this is the following:

example:

If you bought $22,000 and the price is $33,000? put STOP - LOSS at $28000. because it has a big support in the $30000 that if it is broken it will fall a lot. The most important thing is that you can identify the supports and resistances for yourself

I used to be in loss because I wanted to be a whale, so even when price of the Tokens im holding pumps I always hesitate to take Profit, everything changed around when I started taking profits since 2018, something I should have started my crypto journey with, the problem is almost all new altcoins aren't worth the hold, long term hold mostly

Those who gained experience in 2017 are no longer willing to turn from traders to holders. As you can see, they had to wait 3 years before the bitcoin price returned to its ATH. Therefore, in any case, it is necessary to carefully monitor the price change, so as not to freeze your money for such a long period.

Most times it's very painful to hold coins because I've did this in the past for over 3years and only make very limited amount of ROI, if I've invested the money on mining equipments I would have make good amount of ROI, most altcoins are not good and they only survive for short term only

I've been through that kind of situation specially during the 2018 pump. I was so happy that all of my holdings went so high that I ended up spending it carelessly. Little did I know, sooner the price of bitcoin will suddenly fall hard. I became too dependent on it and I thought there's a possibility it would rise once again which made me end up in huge debt. I was able to pay it off and started earning again as this new bull run occured. I think the best way to avoid going down to zero is through playing safe and smart. Analyze bitcoin's price before spending or investing so that you wouldn't have any regret in the end.

Traders and holders aren't same. Majority of holders always stay on his way who believes in long term holding. Moreover, traders don't hold their funds if the price drop continuously. They try to sell their coins whenever they feel unsafe. Finally they try to overcome their losses by daily trading when they feel it's safe to enter the market again. Though there are few many people who thinks and takes decision differently in both trading and holding.

It's caused by they have no competence to develop the product and these days people wanna put their money into the altcoins that already developed fully working product that used by a lot of people.
There are only a few POW coins and the majority of coins these days have been doing to the POS. You will not get back your ROI from your mining rig.

Greediness is why you will hold coins at their ATH price when you bought them at very cheap price, people don't know what they actually wants and once greed takes over they will be  looking like zombies, if you don't know what you want you won't know when to take profit

It is difficult of course to be able to overcome everyone's greed, it cannot be denied that when market prices are high, many people want to invest or trade, of course to be able to gain profits when the market moves faster, but it is very risky when we get our profits usually expect more, without us realizing that prices can suddenly drop quickly and we of course will panic and end up making a sale which of course results in losses.