Bitcoin Forum

Have been involved with Crypto 6 months now and my portfolio is now only 20% down due to this run we are currently going through.

My main position is 55% in profit and I have been debating if I should take some to then buy back lower when we experience our next crash.

Just wondering what everyone else does? Do you take profits along the way and if so at what point? Or do you just invest to hold long term?

When I first started 6 months ago I had the intention of just buying and waiting 2-3 years till our next bull run to cash out but lately I have been thinking if I can also make money along the way then that would be even better.

From my experience, the best is taking profit to retrieve your initial capital back.

Then, if you still believe in what you are holding, you can keep holding it and wait for higher price. Fortunately, with this approach, even if the worst happens, you will not lose any cent of your initial capital. With good scenario, you can have x5, x10 in profit.

Have you ever had the experience of making a ton of money on your first investment, only to see it all disappear because you were too impatient?

I've been there. And I've learned that the best way to recover your initial investment is to simply wait it out.

When you're new in the industry, it's easy to get excited about making big returns quickly, but if you don't take profit when they come, that excitement can turn into frustration and disappointment. That's why I always try to remind myself of this advice: the best way to make money is to take a slow, steady approach. You might be thinking, "That sounds like common sense!" But most people don't really think about this when they first start out, so if you're one of them, maybe it's worth taking a step back and really thinking about what your goals are and are they better served by taking a big risk or taking a slower, more careful approach?

I am personally in favor of holding my investment whether it is in loss or profit I will not think of taking that profit before the target But this is in the case that I don't need the money that I have invested. However, if you invest money that you will need, then I think you should at least withdraw your investment when you are in profit.

It depends on how you see the holdings of the crypto if your agenda is to make an earning every month or week the ideal thing to do is make a profit with those swing trades but if you want to make a trade for a long term of holding or within a year it is good if you ignore and stress to much your self, because your time frame is not on that thing, but most of the trader rides of the market volatility so they can keep profit while holding in a short time frame, for me i do with the long term because I'm not quite active right now in the market.

This depends on you. Just know that there can be another significant bull market after bitcoin halving. I will advice people to just buy and hold for like 3 years from now and make profit. Although, nobody knows what bitcoin price could be in the future, but it is more likely that history will repeat its self again. Holding for long would be my advice if you are able to.

See if you are talking about your bitcoin portfolio specifically then holding it for long term will have potential profit scenario if you could wait for that time period.We have gone through crash situation recently and now there are some growth progress and if we say about next halving then we still have 1 year and 9 months for it and there are chances you will be up 30-40% on your initial investment till then.

But if you have made satisfactory profits after some time we enter the bull run you can do so like those who have sold last year at ATH around $68k invested at $50k also made good returns and see we are down from a long time.You see there are risk involved in your investment but if we seek long term then we can have profits but it's only for bitcoin not the shitcoins out there as in term of 2 years they could just vanish out of the market and you will see how Top-10 in CMC shuffle within this time range but bitcoin always at top.

We do not know the coin you bought, you kept on saying "crypto", and crypto stands for a lot of coins, some of which are created to scam people, some are coins that pump shortly, and dump eternally, and they are called altcoins generally, take profits with them if that is your "crypto" you talked about, they are coins that you are expected to take profits from in the short term.

Holding long term is for bitcoin, that is if you can eat and take care of yourself well as you hold it, if no, take profits and do that.

I do both.

I trust Bitcoin and believe it will reach at least one thousand on the next 4 years, but I wouldn't hold that long if the price already crossed $70K-$80K since I will sell some portion of my Bitcoin to enjoy some profit or using that to run a business.

Don't rely on people strategy, just do what you want, if you think you're need money, just convert it to fiat. No one will limit your decision, but you should learn it yourself.

It depends on what you mean when you say "portfolio". In my experience if you are bag holding altcoins and calling it portfolio then you should take your profit (if you still have any profit) and get out. The only thing that has a solid long term potential is bitcoin and so far all the altcoins have been dumping against bitcoin. For example the biggest shitcoin called Ethereum has been dumped 60% against bitcoin in the past 4 years.

Always remember this. Always take profit when you are happy and never look back in case you take profit and price went up suddenly. Because we are all investing here to earn and not to catch all the possibility to earn because that will just make your judgement very poor when you are deciding on things like this. You can always re-enter on correction in case the price enter the bull run.

55% is already a huge profit and you should start to consider on what is your main goal to decide on what’s your next move.

It depends on what you want, whether to take profit so that the capital can return or hold it long term which will be much bigger in profit, it depends on the plan you want.

I myself prefer the long term by holding 2-3 years I see the prospect will be much better than ATH before this can be achieved again, although this is not because it's the first time so at first I also took advantage to return the capital so I think 55% is quite feasible to take.

It's actually a good scenario if you take both but I think it's your choice because the profits are already made.

You should determine first what’s your goal on trading. You should have this kind of mind set goal before you start trading so that you will not confused like this. Before you start buying any assets, You should identify already if you are buying this asset for long term, target price or short term only because no matter what is our suggestion, Your decision will matter most because there’s no specific answer to your question unless we know exactly what will the price for the next year.

you won't really get a definitive answer here. different people have different ways of doing things when it comes to trading/investing. if I were you I would do what feels comfortable. for example, if it makes you comfortable taking some of your profit and then buying again when the price dip, then go for it.

The reason you started is what matters most. It is not advisable for anyone to venture into any investment without considering the time to cash out or reinvest. If one's reason is making profit as the market goes, I can say for a fact that there would be sleepless nights with lots of aspirin to swallow. For long term, only cash not needed at once should be invested so as to maintain composure and project for other future investments.

Before, I really prefer holding. But eventually, from the experience and also what I've seen with some of my colleague, I've turn my preference into taking profits instead of holding it a long time.
Unless there is a good technical analysis for a token that supports it to be worth holding for, I will hold it. And if I thing that a project/coin does have a really bright future because of how and why it has been built.

The crypto I am talking about is Quant.

I started investing in Quant at £110 but bought 5 when it reached £40 In June which has helped me reduce my average buy now to only £62. It has just gone past the £100 mark for the first time in a while and looking strong but who knows how long this will last.

I think if it does keep on growing and I get to around 80% profit then I will take out my investment and just let the rest run for a few years and hope it reaches the levels people say it will.

Absolutely right,  as long as you control your emotions you will gain much profit. But BTC is more trustworthy coin then another. If you choose short term trading then I'll suggest you that study about coin,  buy for one or more days.  Sell when you see reasonable profit. For example FTM/BTC touched a lower of 0.00000807 as and know running double.

How did it go in the past weeks/days? You might get a little conclusion if you would try to invest into it in the long term or just take profits along the way. I am a Bitcoin holder though at the middle of my holdings I sometimes sell when I need an immediate money.
Not really familiar with coin that you're talking about so just take my word with a grain of salt.

If we’re talking about Bitcoin, I wouldn’t mind holding it for long because I am doing DCA (dollar-cost averaging) with it. However, I would add Ethereum into my DCA later on when my monthly average income increases.

However, if we’re talking about the other altcoins in the market, if you are into profit then I guess the best choice is to take profit to be sure that you win at least a little. Profit is profit anyways. However, it depends on you. We don’t make decisions for you but yourself, because it’s your money so your decision and responsibility.

Do both if you can. Hold for a long time to get a good ROI without much panic. And trade with some funds if you are a pro trader. Traders would multiply portfolios even in bear, of course only risk takers could do it. Though I do long trade now which looks like a hold. But I don't hold for too long. When I have a good profit I just sell and wait for a dip. If happens to dip then accumulate, if not I will wait. I can't short trade lately due to lack of time and experience as well.

Then use the profit to take advantage or hold again. It means that you have survived and done all with your profit money. That's what I've done, although I believe trading can't be separated from losses we can only minimize it. With the profit funds used you will feel more at ease. There is no pressure too great so, you will not be burdened to take your money immediately. As for holding back or taking advantage, I think the two are good. The rest is your ability and comfort in trading.

This will depend on your own goal.
First, you must consider what goal you are investing. If your goal is to buy and sell to take profits, you can ensure that at least you have earned your own capital by selling 50%. this will be profitable enough because you still have a half and they are all your own profits actually. But if this is too high, you can decrease the percentage, and not be greedy. Except that you still want to use the capital for other trading activities.
Second, if your goal is to make a long-term investment, just buy and save, like forgetting. You can save them securely and then pen the market in the bullish era, this may need a few months or years. As long as your assets are worthy of long-term investment, why not?

It’s not a bad idea to sell if you see your are profiting already, knowing the fact that you are also aiming to buy back at a lower bitcoin price. However, we still don’t know yet if bitcoin price will drop more or will eventually starts surging. That’s why most of us here still prefer hodling and only start selling when they think they can already gain maximum profits. Although we have different timeframe when to sell, but it’s best to sell only when the market has turn into bullish because that means bitcoin is definitely is in another peak price.

The bear market usually last longer than the bull market but it depends on you if you want to hodl more if you think it's quite a bit down if you sell your Bitcoin now. Just know that the important part is to take the profit or regain your investment capital with a profit of course then you decide whether you want to invest again or buyback and hold to wait if the market pump back.

We all have different strategy in trading, you just have to know what's yours or what's best that suited your style of trading.

I have tried both and have never regretted taking profit. My 'Hodling long term' coins no longer exist.

If you are in for a short-term investment then taking profits fits your strategy, as a long term holder you don't have to invest any money you will be needing soon, long term holding takes years to work out, also you will have to write down your private keys and move on, I mean stop looking at your portfolio Every time to time.

My answer would depend on the particular coins that you have in your portfolio. If what you've got is Bitcoin, I wouldn't mind keeping it for more years. If those are made up of altcoins, I think I'd be happy with the 55% profit and convert them into Bitcoin. If you what you have is Bitcoin invested in lending, staking, or whatever centralized platform, I'd also be satisfied with that profit and withdraw.

By the way, I'm now primarily a HODLer.

It so much depends on the coin he is holding. But I want to contribute with the assumption that he is holding bitcoin. You can only be talking about holding for 2-3yrs if it's bitcoin.

Deciding to take profit or hold for longer period depends heavily on two things.
1. The kind of money you used to invest
2. The amount of time you have.

1. The kind of money I meant is that did you invest with your money for next year house rent? Did you invest with borrowed money or money you will be needing in few months? If yes, take profit periodically. Otherwise hodl.

2. Do you have the time to monitor the price and know when it's in profit. Are you holding with exchange that you can easily sell and rebuy? I hold with non cust wallet and I am hodling till 2024/2025 so I don't have big business with price volatility.

Back again to your original intention, that you just buy and wait 2-3 years for your profits. If you like to have a commitment like the initial strategy, all you do is wait for the long term and keep buying cheap. Even though you have 100% profit but if your target is 2-3 years, keep holding on. This also depends on the target price you want for the long term.
But if the long-term price target can be reached more quickly, sell it and enjoy the profits.

It's a useless pump and dump shitcoin that had its moment in the sun back in 2021 when it was pumped to $400 but got dumped hard all the way down to $40. You are right that nobody knows how much more it is going to get pumped but one thing is guaranteed and that is the dump which will come eventually.

This is why I always advise against bag holding altcoins. If you bought around $50 and it is now around $100 in less than 2 months you should take the 2x profit and be satisfied with it and move on to another shitcoin that is pumping. That is my strategy anyways...

https://i.imgur.com/GqoVwcT.jpg

switch from one altcoin to another. leveraged several altcoin pumps before it became a dump. A strategy that can be used by anyone, but also has a big risk.
Altcoins are indeed very risky, especially holding shitcoins.

Currently several altcoins are trending such as FLOW which is currently being pumped because FLOW is supported by META (facebook). But let's take a look at the history of FLOW prices, this is nothing more than a small pump because FLOW in 2021 was pumped up to $46 and then dumped up to $1.1 in 2022. Right now the FLOW price is at $2.92, just adding a few digits to the number.

https://i.postimg.cc/7ZsVR8cS/flow.jpg

Life is short, so we better live now than in 2-3 mystic years that may even never come

I think the most convenient for you @OP always goes. When you've got needs that can't wait, I think it's only right that you should satisfy those wants. There is nothing wrong in taking profit or cutting loses if you've not got the stomach for the pain it could course you should it result to that.
Just don't forget that in taking profit, you still get to loose some coins, just a lot fewer than it would have been as at the time of investment and you might be selling a lot more as compared to the next 5years. In the end, you get to speculate and decide to its necessity based on prevailing circumstances.

OP, no one can accurately advise you here based on what you've put out here. You didn't tell us what's in your portfolio and as such it will be difficult knowing what crypto that you've which is dipping or not. Not all cryptos rise or fall at the same time; that you should know. So, we can't judge every crypto by the parameters of others. Going forward, you should try your hands on learning the rudiments of technical analysis (TA). That's a better way of knowing how to guage price movement. It will even save you the stress of having to wait for others before taking or exiting trades.

For me if I'm investing altcoins I always take profit expecially when it comes to be coin that is not very reliable. As for bitcoin I hodl,  I don't feel disturb to up profits, bitcoin is more suitable for long term investment.

From personal experience, I like taking out my capital when my token has pumped, I can afford to risk the profit, allow it time to grow a bit, then start taking profit along the way.
Especially if you are holding a shit coin, Learn to take profit, because anything can happen.

I would prefer taking profit first, then sit back and observe what the market would say either favourable or unfavourable. It is advisable to always take less risk than taking higher risk on investment all in the name of investment. Making a very huge loss on trading always brings about bad impression about trading thereby causing others to stay back from trading. We really need to know how to manage our risk properly in such a way that it won’t cause a heavy loss on our investment l. Holding a particular trade for long stirs a negative mindset on trading which at the end of the day might lead to loss.

That's the major reason while i encourage many people who wants to adventure into cryptocurrency and especially trading department, to know the rudiments of trading because venturing into it. One primary task we should give ourselves concerning cryptocurrency investment and trading, is to understand the basic factor that can hinders the success of someone who ventures into trading.

For me personally, that I decide to take profit or not and at what point I take profit if I decide to ~ depends on what or the kind of project I invested in and how much I invested.

The best advice is to take profit when you are most comfortable with doing it, doing this helps you recover your initial investment which ~

• Puts you at zero risk of loss, just incase things turn out bad for the project you invest in, you already got your initial investment back, so no real loss will be experienced.
• Gives you the opportunity or ability of deciding whether or not to invest in another good project since you have the required capital in your hands already.

So in conclusion, taking profit is good, Infact, it is one of the best investments strategies.
And when to do it is an individual thing, it is you who should decide when it is good for you to take profit since ~

• your future plans are not the same as the other person's,
• the amount of money you invested might not also be the amount of money the other person invested too.

So it is really you and you alone who should decide when it is best for you to take profit.

Better to recover your initial investment. And invest some of it to wait for the price to go higher. The market can act ridiculous.If you feel like taking out, don’t wait because regret always happens.

There is one thing I like about crypto investment, you will be safe if you don't put all your eggs in one basket and you will make good profits if you choose the good projects and have that long patience.

As a person who hurried once and lost everything, I advise you: do not repeat my mistakes.

Spreading your investment is not enough, it is not how you diversify your wallets but when you bought and the type of coin you bought should be put into consideration. For example, lets say you bought Bitcoin early this year, you added some coins/tokens like Terra into your wallets but unfortunately, you were affected by the market condition, it will be difficult to bounce back from that kind of losses. Bitcoin may/will always go back up but you see these altcoins, they are very bad sometimes during the bear market, they hardly find their way back to the previous all time high.
Always choose your investment wisely and when to buy, don't forget to put Bitcoin first.

I like the idea of taking profits until I lose my coins this way, the lower price never happened again and I am left with usdc for a long period, yes I made some profits but I planned to hold those coins for a long period of time, I ended investing that money into another project, if you are a long term investor and your target isn't met yet do not bother taking profits.

It’s always a smart move to take profits while you’re still into long term investment as long as you buy back when there is a good opportunity to invest again. However, if you are more confident to just invest it all along and just wait for your long term investment to succeed and prosper, the profits will also worth the wait. I guess the strategy really depends on you. Whatever your choice, I’m sure it will also teach you a great lesson.

Strong hands have been doing great in crypto and that they gradually start taking profits if they've seen it coming, while they also continue long term hodling in their chosen coins. However, if the current price is still in a downtrend, then there's no need to sell because you are like selling at a loss. The best time to sell is when the market is bullish, and while its still in bearish market, its the perfect time for accumulation and hodling them more for long term.

It will be the right decision if you fix a part of your profit. In this case, you will have stablecoins, which you can use to buy the same coin or another, at a lower price. If you are not a long-term investor, then this tactic will allow you to increase the number of coins in your portfolio before the next bull market.

some strong hands when bullish on previous ATH may have sold some for spare money when prices enter bearish mode again. Taking some of the profits is very necessary to accumulate assets owned, so that more and more assets will be held for the next new ATH. I have some coins that I may hold for about 2 years and some of them get 100% profit which part of the profit I take, it is very good to hold long term until the main target is achieved. if i still have spare capital i will even buy again.

Hello there, have you decided first before investing, about what are you? I mean that if you are a long-term holder, you should need to hold the coins for a longer time, at least you are buying the coins to prepare for the next bullrun. But if you are a short-term holder, as long as you have gained the profits and it is enough, you may take profits. But in my opinion, it seems that it is better not to sell all of the coins so that you c still hold some.
This is actually included in investment management where you must consider and manage how much to buy, how much and long to hold, and how much to take profits.
We will not know exactly if the market will go down drastically again or will rise up. That is why we need to divide this investment carefully and wisely

From my perspective, investment into cryptocurrency need time to scrutinized the propagation of Bitcoin before doing anything with cryptocurrency. Because some times while some people do adventure into lost is without having the basic knowledge of cryptocurrency. And secondly adventuring into coin that doesn't have a propagation.

If you are an experienced trader, you can actually do both and make profits regardless of the market condition. A good trader will always love to take profits everytime, but it also demands more risk because you could lose everything you have with just a single wrong move. That is why most people here prefer less risk and just hold their investments for long term, and only sell them when bull run happens since its actually a perfect time to sell.

Its not actually a wrong idea if you just purely invest and wait for its price to surge high but it would take a year or two before you can make good profits. That is why if there are possible chances to make profits along the way, most have preferred to do it and take the risk since its always better to make profits every now and then. However, its an individual's choice, as trading could sometimes bring losses instead particularly if you happen to trade when the market is very uncertain and very unstable.

I can imagine that day trading and consistently making a profit is the most difficult thing for most traders. We never know whether the analysis we make is correct or not, it's just an effort and prediction based on several things but obviously the results we can't predict correctly.

This makes me think that investing is the best way we have to profit by ignoring more daily volatility in the price of the asset we hold. I also think to take the initial capital from the profits we have and continue the investment with the existing profits is a suggestion that we can also consider, this will obviously prevent us from losing the initial capital when the price is not what we expect in the future. This scenario is safe for anyone, but greed sometimes makes us forget that risk is always there.

I don't really encourage short term investment, you are planning to take profit, then you will invest later whenever their is a crash, how sure are you that the coin you are holding is going to crash? Am not saying it's a bad idea taking profit but maybe am not just use to that particular pattern. I invest for long term and the only coin I invest in is bitcon, have been holding bitcoin for few years now and am in good profit but I haven't sold any of my bitcoin before infact whenever their is a bear market I always buy more. Am not really use to taking profit, have not sold my bitcoin before just because I want to take profit.

Short term investment is not my thing because I don't have luck with that strategy, its either I lose some of my coins in the process or loss better opportunities, I prefer holding for the long term.

I tend not to hold forever but my plan is to take every opportunity where I can make a profit. I can afford to sell them in a weekly time frame if the profit is good and take every market recession to reinvest. I see this strategy works for me during the bull season but this could be hard just like we have now. At this bear condition, holding seems to be an ideal move to take. Of course, selling can also be possible just to draw out some profit and make the same strategy to buy again.

It’s definitely your own choice if you intend to hold for long term while taking profits along the way. It’s a good idea indeed but let me remind you that it’s not as easy as it is. You have to be very careful and find the right timing to take your profits so that you won’t sell at a loss. Otherwise, if you happen to sell at a bad price, you will never make profits at all and your hodlings might be compromised too as you might also sell them when it’s not yet the right time to sell.

If your initial goal is buying and holding until the next bullrun, I think you can keep holding those coins although you already got small profits if you sell them now. However, if you consider getting profits from a short-term holding, you can buy more coins if you still have funds. So, some coins are for long-term holding and some for short-term holding, you can run 2 types of holding and optimize the chance of profits. Honestly, I also use this strategy, applying both short-term and long-term holding.

IMO, DWYOR

It’s rare to find good profits if the market itself is not stable and follows a bearish market. Though professional traders still manage to do it, but most of the traders in the market prefer to hold instead because it’s the most appropriate thing to do when the market is in downtrend. However, as long as you find some profits to sell, take time to sell and reinvest when there is another opportunity to invest.

Depending on the coin you are holding it is an altcoin you can sell them if it is already profitable and can buy it back when the price corrects lower. But make sure it's a top altcoin, be it eth or bnb because their price increase is certain, if its a new altcoin then you should consider whether it has real potential or not.

In case you are holding bitcoin then you don't need to do so if you don't need cash at the moment, because the market is unpredictable. Sometimes the market is not what we expect, if you sell and then the market doesn't fall but the price keeps going up then you will miss the opportunity to own cheap bitcoin.

Bro don't worry market learns in every situation. But if you're spot trader so nothing to worries because time to time market will sure up then your loose will convert in the profit. You should alot of knowledge about trading then you can start with proper way of trading and sure you will be profitable trader.
And other things which coins were you are holding?

If you are a trader you can take profit immediately but if you are an investor then you have to have a longer target time to get bigger profits, but investors will be more profitable in my opinion

Bitcoin has been proven over several periods to be able to again find new highs. So I think it is the crypto that is most trusted for the long term.  So I agree the top choice is bitcoin. Including me, currently trade is always trying to increase the amount of BTC. This is because I feel confident that BTC Price will create a new High. Although I'm sure if you know that being a Holder is not easy. In fact, you need to learn to be patient and hold your hands before your target is reached.

History always repeats back to new green highs so BTC is what I think this will happen in the next few years, when the market is correcting I try to continue to add bitcoin in any way including in bonus income I always put it in cash for bitcoin because I am taking this step for the future but to fight how complicated it is but I am doing well and waiting for more recovery.

Even in trading when there is something easier to profit then I do it, although trading not very often on other altcoins but I think by doing this we can get more btc to save.

Taking profit and they buy back at the bottom is the ultimate strategy. But there are no such things as perfect trades. I tried different strategies over the years and I can say dividing your capital into long-term holding and the other half will be used to trade actively for profits for some buybacks.

Trading needs effort though, it is time consuming and at times stressful. Whereas long-term holding saves you time and effort and also the stress of an active trader. 

Taking profits and holding long term both are profitable if someone invest in the right way. He should learn how to do risk management also.

This actually depends on your ultimate goal- are you willing to continue the risk of HODLing or are you willing to accept the risk and convert such to cash for liquidity?

But in all honesty, this must entirely depend on your profit threshold. As a general rule, you must at least recover the amount of initial investment that you made. Once you have recovered the price, then it is up to you if you want to continue HODLing or if you want to take those short-term profits and invest more in the process.

Always take profit no matter what because having stable coins in store always come in handy when bears take over the market, crypto is a high volatile asset so taking profits is a necessary something to do, this is also a good way to grow your portfolio in time.

When you invest in a cryptocurrency, you need to set yourself a goal. In line with this goal, you need to allocate your profits and decide what to do and what not to do. What I mean is this: for example, I have 1000 dollars. I divided this 1000 dollars into two cryptocurrencies and made a portfolio. If I make a 20 percent profit on one and a 10 percent loss on the other, I have a profit of 50 dollars. This time I have a chance to buy long term with the profit I made Or I can wait with cash in hand.

This isn't supposed to be a direct advice, you perspective is Clouded when you don't know what the person is actually holding, I think if you invest in top coins in the crypto-currency market then you can afford the risks of holding its even in the bear market, such coin has shown strength and many time they always bounce back when the market recovers.

In this case, if I were you I take the profit now and reinvest it again. I know there is no wrong with holding for long but the opportunity to earn a few bucks every month or week seems to pass without doing anything. Yes, it all still means earning a profit but what we are doing is taking the time that we earn while waiting for the next Bull season, 2-3 years waiting, I think we've earned much already as long as we can manage our buy and sell correctly. It is just like how we play the market volatility and take this as our chance to earn.

The best answer could be this, aim for a target profit while holding it for a long term, in that way, you'll surely earn profit and if you want to reinvest, just wait for it when there's a market correction.  Wise investors can extend their patience and wait for a perfect time when to invest and when to collect their profit and if your profit were there, why not take it and reinvest when there's a correction?

Because of the high volatility of the market especially Bitcoin, we can make a profit, there's a real profit if you know how to manage when the price fluctuates.  But if can't able to manage it, I recommend holding for a long term is an ideal way to make a profit.

I can't read all the reply above but I believe that most have been some good ones nevertheless, you should note that none of us commenting here are financial advisors but we're just regular users giving in our thoughts. You should also note that what works for Me A mightn't work for Me B so you don't have to jump on any suggestions here without doing your personal research hoping to get the same results. From your explanation, it seems you're already having doubt on what you intended to do.

Holding isn't a bad strategy as history has proven time without number that it's the best strategy to follow. Now this has to do with Bitcoin and not with you holding altcoins (although some altcoins has stood out of the crowd by giving nice return over the years but majority haven't). It's already late into the market so I'll recommend you keep hold of your bitcoins instead trying the outsmart the market with trading.

Bitcoin was worth $9000 when I started using it. I think Bitcoin price went up to $65000 a year ago. Then I had get good profit by hold cryptocurrency . Now market is too down so I think take profit or not hold cryptocurrency.

I prefer long-term investing, because it's more relaxing and less time-consuming.

but if you want to invest and take short term profit, it can be,
as long as you are really serious and often monitor market movements.

That's the right move, because when the market is down, there are only two right decisions,
namely: buy again to invest,
and don't buy it at all.

if I personally I choose to buy it again, because this is the right time.

Make decisions based on your original goals. Selling at a profit and continuing to hold are good options.
Consider selling some of the proceeds to invest in another good project, and holding the rest for the long term, selling when a higher price is reached.

But we can also keep it without selling anything because it depends on each strategy used.
I take advantage of the price that can increase 2 times from what I bought and wait for the price to decrease again because usually, the price will return to the price I bought before.
That will give me more opportunities to buy again and this time, I can buy more because I've made profits before.
But if you feel it's better to keep waiting until the timeframe you set, that's also okay because each of us will choose what we will do.

each person has a predetermined strategy and price target. and an important part of holding back is sticking to the original plan and backing up with some spare funds, so that if the market crashes like it does now there's a good chance to get a lower price.
and the last is to keep psychology within safe limits and not to get too mixed up in strategy with unthought-out decisions.

To be smart in your investment is very important and knowing when to take profits and also cut loss is very important too, but at this time predicting to see more dip after the current price may be a bad target time, don't get me wrong that Bitcoin and other cryptocurrencies may seem more decline in price and the present price may still be a good exit price depending on what your entry price was. But the best practice is to always take profits along the line and arrange your portfolio in such a way that you will not be in a panic mood when the market goes the opposite direction whenever you take profits