Bitcoin Forum

Economy => Speculation => Topic started by: spectre71 on February 11, 2024, 03:18:48 PM



Title: Going against the grain.
Post by: spectre71 on February 11, 2024, 03:18:48 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.



Title: Re: Going against the grain.
Post by: Odohu on February 11, 2024, 03:24:46 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.
Different people, different motives,  different target and indeed seeing differently. I don't know what your motivations for thinking about selling now are but the signs are there that  we are just starting a major bull run. Why then will someone sell when he should be buying more? Check recent cashflow into the market, you will see that we are just starting a major bull run.

The only factor that can possibly cause deep retracement is sell off that may feollow if  MtGox creditors are refunded their Bitcoin. Until then, we are still entering major bullish event that will send price higher, so now is not the best time to sell.


Title: Re: Going against the grain.
Post by: Oshosondy on February 11, 2024, 03:33:44 PM
That means you have not sold before and not happy that you sold your coins. This happens when you sell your coins and the market later favour more as the price of bitcoin continue to increase.

What some people are expecting as a holder is not to sell anytime there is small profit, but to wait until bitcoin get to all-time-high. Some people will even still wait until bitcoin get to $100000. While some people will still wait for a higher price.


Title: Re: Going against the grain.
Post by: Gozie51 on February 11, 2024, 04:26:51 PM

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.
Most likely so that some hype might have caused some rally up that everyone is not aware of but that the coin suddenly starts going up. The market is about rise and fall, so during the rise at a time that the market is not yet ready then you can expect the fall back or called retracement but when it is the bull season you may not be expecting such retracement sooner.


Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.


Talking about btc and the present season, selling off profit is not the problem but to get the right time to buy back may be the problem. For example, the coin can drop $2,000 and within the night it will gain $3,500 and by such time you are already out and entering back is at higher price than you exited.


Title: Re: Going against the grain.
Post by: bestcoins1 on February 11, 2024, 04:42:36 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.

What you say is a job that is very often done by traders in the short term, where they always hunt for profits in the short term only. Because if I look at the increase that is happening slowly at the moment, it doesn't look like there will be a too deep price correction except just a little bit and this is proven by the price of Bitcoin which is still staying at $48K after increasing in the last few days.

So those who can't wait and have seen the profits, of course it wouldn't be wrong for them to sell at this time, but I also can't confirm whether they will be able to buy again at a lower price like before. Because now the price increase looks stronger with market conditions continuing to improve more seriously.


Title: Re: Going against the grain.
Post by: spectre71 on February 11, 2024, 04:50:09 PM
That means you have not sold before and not happy that you sold your coins. This happens when you sell your coins and the market later favour more as the price of bitcoin continue to increase.

What some people are expecting as a holder is not to sell anytime there is small profit, but to wait until bitcoin get to all-time-high. Some people will even still wait until bitcoin get to $100000. While some people will still wait for a higher price.

Huh? Don't know how you assumed those conclusions, are you trying to appear smart?  sell all the time and completely happy with taking profits. I am not saying sell "all" of the what I am saying is secure some proffits. Sell off some at 50, buy some back in at 40, wait if it goes to 38 or 42 in 3-4 weeks but the rest... Wash rinse repeat.


Title: Re: Going against the grain.
Post by: NeuroticFish on February 11, 2024, 04:53:08 PM
I think now is a good time to take some profits and set it aside.

Well, given the fact that halving is near (and not priced in yet) and ETFs came with quite an important buying pressure, plus the history of Bitcoin with a bull run/bubble after the halving... the numbers are suggesting that holding for some more months, maybe a year, may be a much better call.

However, everybody is entitled to an opinion and the truth is that there's no certainty in what will happen in the future.
Plus, day traders don't have the patience to HODL, even if this behavior has the potential to make them lose money (which some may and some may not recover).


Title: Re: Going against the grain.
Post by: Lida93 on February 11, 2024, 05:41:03 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.


Is it actually the right time to take profit especially when you never did right from last year and now we are much closer to the next halving than we were after a long wait or is it impatient?

For a long term plan bitcoin hodler I suggest you just read, enjoy the message of the post and move on with your long term holding investment plans. Interestingly, this little leap in price is nothing compared to what's ahead. Endeavor to keep holding and take it huge and not in bit and pieces.







Title: Re: Going against the grain.
Post by: salad daging on February 11, 2024, 05:51:53 PM
No that's not my thought of taking profits now because it's too early we see the potential upside of BTC is much bigger than taking profits now, Yes I know you have different thoughts but for me now is still right to HODL until the halving arrives and wait a few months.

Talking like that is easy "sell when high and buy when below the price" this is not easy you will not be able to predict the price of bitcoin when it goes down the fact is now heading for a bull market some people say so then what we are doing now is still continuing to make purchases while long-term HODL.


Title: Re: Going against the grain.
Post by: alankasman on February 11, 2024, 07:06:06 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.
When the price increases to $48.5K, there will be a temptation to sell. In fact, for those who understand the four-year cycle, it won't be long before the hope of seeing Bitcoin reach a price above its current price is very close.
The temptation that comes is profit with thoughts that link the current profit from selling with a correction that will occur again if it fails to penetrate or stay at $48.5K.

Emotional pressure is at play in my opinion when faced with the current market situation.
Those who sell at prices like this, will gain too small profits and these profits will only be a short time later and will regret it if Bitcoin can penetrate the price of $50K.


Title: Re: Going against the grain.
Post by: Upgrade00 on February 11, 2024, 07:38:55 PM
It's that time of the season again, where we gets lots of advice and questions about the direction the market is going.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.
There are so many other facets to consider as a trader or investor. A long term investor would not try to take profits at every opportunity that presents itself, but a more consistent trader can. Also, some investors already have a price target which they have locked in on and do not plan to sell before then.


Title: Re: Going against the grain.
Post by: ScamViruS on February 11, 2024, 07:59:39 PM
Huh? Don't know how you assumed those conclusions, are you trying to appear smart?  sell all the time and completely happy with taking profits. I am not saying sell "all" of the what I am saying is secure some proffits. Sell off some at 50, buy some back in at 40, wait if it goes to 38 or 42 in 3-4 weeks but the rest... Wash rinse repeat.
Every investor has their own target, their view of the market is different. Traders do market analysis and they take trades according to their analysis so here is the difference between trader and investor. An investor will not sell their bitcoins until they reach their target even if the market crashes from this price point, because at the end of the day the bitcoin holders win. So yes I understand your point of view but it is for traders not for investors.


Title: Re: Going against the grain.
Post by: Zaguru12 on February 11, 2024, 08:13:16 PM
Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.

Different investors with different strategies, almost everyone has its own target to take profits from, some investors already took profits at $45k price, some could take at probably $50k. It all depends on you there is no definite time to take profit. Your suggestion might be kind of good for people that have shitcoins, a pump now could be the best they will ever see off it but as for bitcoin holders, long term is the key as we are speculating at least 3x ($150) from this current price when the bull run blows in full

It's that time of the season again, where we gets lots of advice and questions about the direction the market is going.

You might be reading a new thread soon from someone on why you shouldn’t be taking profits now  ;D


Title: Re: Going against the grain.
Post by: Stalker22 on February 11, 2024, 09:01:57 PM
~
When anything rises fast it comes back down almost every time.

I get what you are saying about selling when there is a lot of hype, but calling the tops and bottoms of the market is real tough.  Just look back over time at all the "pros" who bailed too early because they got scared and missed out on huge gains. Sure, taking profits makes sense when things get crazy, but good luck knowing when that is.  Half the time its just getting started. 
Me personally, I try not to worry so much about predicting every wiggle.


Title: Re: Going against the grain.
Post by: GbitG on February 11, 2024, 09:06:31 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.
It depends on the personal investment and financial goals of an individual whether at what price they would want to take profit whether it's for a quarter of the holdings, a half, or even full. If you bought when the price of Bitcoin was almost around $18k, it wouldn't be a bad deal if you take some profit and keep holding the rest so that you can take more profit if the market goes higher and in case it drops back, you can always buy more and hold them again for a higher price point.
However, for those who have bought when the price went above $30k, I don't think they would be happy and content with the current price because it wouldn't give them much profit. But as I said, it would depend on an individual's personal investment goals and targets.


Title: Re: Going against the grain.
Post by: adaseb on February 11, 2024, 09:06:58 PM
With crypto going against the grain won’t always help you, especially since we are in a bull market. Remember the last 2 cycles. When bitcoin broke $1K there was tons of FOMO and if you sold then you would of missed selling at $20K.

Same with 2021 cycle when we broke $20K, we ended up rallying to $65K and later $69K. Obviously after we peaked, there was still FOMO and would of been good to go against the grain but you wouldn’t know that ahead of time.


Title: Re: Going against the grain.
Post by: BenCodie on February 11, 2024, 09:10:52 PM
I've been thinking the same thing for a variety of potential sell-events, including but not limited to mtgox creditors.

The risk of selling and not holding at this stage is missing out on opportunity, and the potential to buy back higher if you don't find a chance to re-enter. It happens commonly.

However, I do see your rationale to pick some up cheaper while saving any unrealized loss in the event a correction is near.

It will be an interesting few months. I'm also looking at a correction or retrace possibility, with some reason though not full certainty. We'll just have to wait and see what happens.


Title: Re: Going against the grain.
Post by: AmoreJaz on February 11, 2024, 10:41:47 PM
I've been thinking the same thing for a variety of potential sell-events, including but not limited to mtgox creditors.

The risk of selling and not holding at this stage is missing out on opportunity, and the potential to buy back higher if you don't find a chance to re-enter. It happens commonly.

However, I do see your rationale to pick some up cheaper while saving any unrealized loss in the event a correction is near.

It will be an interesting few months. I'm also looking at a correction or retrace possibility, with some reason though not full certainty. We'll just have to wait and see what happens.

the final decision comes to the fact that it depends entirely on your financial capability. yes, it is good to see others buying and collecting more but ask yourself -can you do the same? how is your financial status if in case you got it all wrong on this type of investment? always have contingencies with your choices, back-up plans that can save your day when all goes awry.

I think now is a good time to take some profits and set it aside.

Well, given the fact that halving is near (and not priced in yet) and ETFs came with quite an important buying pressure, plus the history of Bitcoin with a bull run/bubble after the halving... the numbers are suggesting that holding for some more months, maybe a year, may be a much better call.

However, everybody is entitled to an opinion and the truth is that there's no certainty in what will happen in the future.
Plus, day traders don't have the patience to HODL, even if this behavior has the potential to make them lose money (which some may and some may not recover).

in this market, it is up to you how you handle your finances. depending also on your targets and how well do you know this market. as everyone is just speculating, you are now left to evaluate your financial situation and act according to what you think is best for your financials.


Title: Re: Going against the grain.
Post by: philipma1957 on February 11, 2024, 11:05:30 PM
That means you have not sold before and not happy that you sold your coins. This happens when you sell your coins and the market later favour more as the price of bitcoin continue to increase.

What some people are expecting as a holder is not to sell anytime there is small profit, but to wait until bitcoin get to all-time-high. Some people will even still wait until bitcoin get to $100000. While some people will still wait for a higher price.

well if you grabbed a coin at 16k and sell ⅓ of it today at 48k you have ⅔ of a coin at no cost.

you can hodl that til it goes to 100k a coin. sell half leaves you .33 btc

and 49,000 cash 💰

not the worse strategy.

may work better than hodl til it reaches 200k as it may not get there.


Title: Re: Going against the grain.
Post by: hatshepsut93 on February 11, 2024, 11:16:23 PM
It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.


When there's a bull market, the price doesn't exactly fall to where it was before the jump, but somewhat higher than that, and this process repeats over and over so on average the price is rising. And it's actually quite hard to time all these ups and downs well to profit from every movement, so you shouldn't see just because there's a large vertical candle and there's a lot of hype. The best strategy is to make a few purchases during the bear market and a few sells during the bull market at certain key price levels.


Title: Re: Going against the grain.
Post by: OgNasty on February 11, 2024, 11:34:48 PM
Now is a horrible time to sell. We’re currently bumping up against a 2 year old resistance level. We’re about a 10% increase away from breaking out straight to new highs, which will kick off a wave of news reporting and send the price to $100K. It could happen very fast. Especially if mtgox can’t get their distribution done in the next few months…


Title: Re: Going against the grain.
Post by: Yamifoud on February 11, 2024, 11:48:15 PM
The price of Bitcoin is $48,100 and if we bought BTC at $39,000 and sold it now, we already make some money out of it. I know some people are doing this, selling 50% and securing the profit, and waiting for the correction for reinvestment. May not be a practice my most but this is actually what I'm doing. Taking the chance to earn some while waiting for the ATH is a smart decision. Doing this strategy is possibly more profitable than just holding for several months and selling them when ATH arrives. Just imagine if we could make $3-5 a month, that was a lump sum of money in 12 months.


Title: Re: Going against the grain.
Post by: STT on February 11, 2024, 11:52:49 PM
Go against the grain and you will get splinters.  Be careful of fighting large amounts of momentum possible in BTC, it can be surprising how high we go.   I say that as someone who had shorts on as a hedge for a long time, it worked till we swung up massively.   You have to be ready to let go in this trade and shorting is probably the harder of the trades vs just going long in an asset which has gained very often over years.     Bad timing to guess a pullback imo.
   The pattern to look for is higher high and higher lows, if thats true even during a pullback we are just setting up for the next push higher.   You will be fighting the tide and losing ground, of course you can trade within and gain, its harder to do but people will achieve profits negatively even while we gain with BTC in larger time frames.
  I would mostly guess this year 2024 is a positive year but I agree on the general idea too many people are hoping for higher not ready for the negatives surely must be true also in a volatile asset like BTC.


Title: Re: Going against the grain.
Post by: bestcoins1 on February 12, 2024, 12:43:54 AM
The price of Bitcoin is $48,100 and if we bought BTC at $39,000 and sold it now, we already make some money out of it. I know some people are doing this, selling 50% and securing the profit, and waiting for the correction for reinvestment. May not be a practice my most but this is actually what I'm doing. Taking the chance to earn some while waiting for the ATH is a smart decision. Doing this strategy is possibly more profitable than just holding for several months and selling them when ATH arrives. Just imagine if we could make $3-5 a month, that was a lump sum of money in 12 months.

Each person has a special strategy for taking profits and making decisions during conditions like now, although some people may still think it is too early to sell in conditions of increasing prices like today. Because I just saw that the price of Bitcoin has almost touched $49K which could possibly reach around $50K this month if the correction percentage is still quite small and the rate of increase is still much more each day as is happening now.

Just now I was surprised to see the price increase even though that is a very normal thing because yesterday the price of Bitcoin itself was still around $48K, but today it is quite possible for many people to expect it to reach $49K or $50K this month. Because when Bitcoin is close enough to this range, it is certainly reasonable to expect more than it is now.


Title: Re: Going against the grain.
Post by: FinneysTrueVision on February 12, 2024, 01:54:57 AM
Unless you bought Bitcoin really cheaply, now doesn't seem like the best time to be selling. The halving is only 2 months away. If you don't need the money urgently then I would just wait and see how the price performs after this reduction. A large correction is to be expected at some point but currently things look very bullish for Bitcoin. ETF demand is helping drive the current pump and we are just at the beginning of the post-approval era. Based purely on precedent it is expected that Bitcoin will reach a new all time high soon after the halving.


Title: Re: Going against the grain.
Post by: spectre71 on February 12, 2024, 04:22:06 AM
Unless you bought Bitcoin really cheaply, now doesn't seem like the best time to be selling. The halving is only 2 months away. If you don't need the money urgently then I would just wait and see how the price performs after this reduction. A large correction is to be expected at some point but currently things look very bullish for Bitcoin. ETF demand is helping drive the current pump and we are just at the beginning of the post-approval era. Based purely on precedent it is expected that Bitcoin will reach a new all time high soon after the halving.

Hi, yeah I don't need the money. Just sell SOME and secure a profit leaving more than my original input in place. I won't even stop my DCA inputs. This is not a prediction or lack of confidence.

Halving is a few months that and any ATH is 6 months ish after that, that's a long time.

I am pro ETF but just sampling a few at this point it's only a few billion AUM thus far what maybe 1 or 2% of bitcoins total market cap. But it's coming.

Wrong time of year to talk about tax harvesting opportunities. 


Title: Re: Going against the grain.
Post by: mamesso on February 12, 2024, 04:51:05 AM
Everyone has their own strategy for taking profits, you choose to put yourself in a trader's position, which is very good for securing profits in the short term. When the market is surging, long-term investing is more profitable than selling just to secure a small profit. It takes a long time to wait for the price to fall again as you would like if the market is in an upward position. Hold is better than selling just to take a little profit, you will get bigger profits if you are able to be patient a little longer.



Title: Re: Going against the grain.
Post by: GreenStox on February 12, 2024, 06:41:15 AM
I think now it's accumulation, so when you buy and you've made a profit, leave it alone and don't sell it yet, wait until the maximum increase next year, yes I understand some people may want to immediately TP after making a profit, but if you are patient you will get more.


Title: Re: Going against the grain.
Post by: nimogsm on February 12, 2024, 12:09:27 PM
Everyone has their own strategy for taking profits, you choose to put yourself in a trader's position, which is very good for securing profits in the short term. When the market is surging, long-term investing is more profitable than selling just to secure a small profit. It takes a long time to wait for the price to fall again as you would like if the market is in an upward position. Hold is better than selling just to take a little profit, you will get bigger profits if you are able to be patient a little longer.
And this is true. Everyone, of course, can do what is more convenient for him, but I don’t see now a reason to sell even part of it, since I simply don’t see any point in this, everything is very interesting only in the future, at least the halving will have its effect, so hurry up definitely not where to go, but the most profitable situation is to continue strengthening your portfolio and wait for stronger growth.


Title: Re: Going against the grain.
Post by: traderethereum on February 12, 2024, 01:24:58 PM
Unless you bought Bitcoin really cheaply, now doesn't seem like the best time to be selling. The halving is only 2 months away. If you don't need the money urgently then I would just wait and see how the price performs after this reduction. A large correction is to be expected at some point but currently things look very bullish for Bitcoin. ETF demand is helping drive the current pump and we are just at the beginning of the post-approval era. Based purely on precedent it is expected that Bitcoin will reach a new all time high soon after the halving.

Hi, yeah I don't need the money. Just sell SOME and secure a profit leaving more than my original input in place. I won't even stop my DCA inputs. This is not a prediction or lack of confidence.

Halving is a few months that and any ATH is 6 months ish after that, that's a long time.

I am pro ETF but just sampling a few at this point it's only a few billion AUM thus far what maybe 1 or 2% of bitcoins total market cap. But it's coming.

Wrong time of year to talk about tax harvesting opportunities. 
You can continue to hold your bitcoin while waiting for the latest ATH of bitcoin. And while you wait, you can still buy more bitcoin by taking advantage of the decline in bitcoin.
That will benefit you because you can increase the number of bitcoins you have. And if the bitcoin price increases very high and makes a new ATH, you can get big profits.
The halving is only a few months away but we don't know when bitcoin will get its new ATH. Maybe 6 months later or even 1-2 years later. Of course, from now on, we have prepared ourselves to be able to own more bitcoins.


Title: Re: Going against the grain.
Post by: Sorryfor on February 12, 2024, 05:01:54 PM
Bitcoin's current market value is $47,000. A few days ago, its price was slightly lower. Selling Bitcoin at this time is one of the worst decisions.  The value of Bitcoin is likely to increase significantly within this year. Those who have invested in Bitcoin at this time should hold on to it. In the future, you can earn a lot of profit by doing this. Bitcoin can be sold after ATH is reached. Through this, your profit making may be successful. But Bitcoin should be held for big gains.


Title: Re: Going against the grain.
Post by: adultcrypto on February 12, 2024, 05:19:55 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.
You made this post yesterday when Bitcoin was around $47,800, assuming you sold then only to wake up today and realized that bitcoin have reached   $49,800 which an additional $2,000 increase in price, how will you feel? I know you will feel bad considering how much you would have missed within a short interval of time. You will even feel worse when you don't have any need for the money now and would have preferred to leave the money in Bitcoin but the sight of small profit has made you to cut your investment short. This is the problem with selling when not planned and I do not support it.

We are just at a point where there are so many interest in Bitcoin, so it is natural to expect steady rise in price. selling should be the last thing at anyone's mind especially when you have been holding for a long time.


Title: Re: Going against the grain.
Post by: Stalker22 on February 12, 2024, 10:52:43 PM
I think now is a good time to take some profits and set it aside.
~

Well, let us hope no one was stupid enough to take that advice of yours. Have you ever heard of "Inverse Cramer"?  :D


Title: Re: Going against the grain.
Post by: jaberwock on February 13, 2024, 03:35:53 AM
You can continue to hold your bitcoin while waiting for the latest ATH of bitcoin. And while you wait, you can still buy more bitcoin by taking advantage of the decline in bitcoin.
That will benefit you because you can increase the number of bitcoins you have. And if the bitcoin price increases very high and makes a new ATH, you can get big profits.
The halving is only a few months away but we don't know when bitcoin will get its new ATH. Maybe 6 months later or even 1-2 years later. Of course, from now on, we have prepared ourselves to be able to own more bitcoins.
This is exactly what people should do, that way they would be able to increase their bitcoin holding and the result will only be better, that is just how it is and should be pointed out as much as possible.

I get that it is not going to be all that easy, but we are going to end up with causing a lot of trouble when it comes to that. Life is not all that simple, and we should probably require some sort of periods when it is going to be more capital in your pocket, and during those times the best thing to do would be just making sure that you end up investing into bitcoin with that money. Some people focus on some worse investments just to diversify but it is better to risk it all on bitcoin then invest into something stupid.


Title: Re: Going against the grain.
Post by: justdimin on February 13, 2024, 02:29:43 PM
I think now is a good time to take some profits and set it aside.
That's your decision to take, any individual who has invested in the market knows what their initial target has been and what they have always wanted to achieve with their investment, and based on that, they can decide whether they need to take profit at the current price or wait for it to go up further. Even if it goes down from this point, we should be expecting a higher price because we are still anticipating the long-awaited bull run.

Different people will have different thoughts about this thing I would say. Some might think that they should take profit and buy again if the market goes down again, and some might think that the market wouldn't go down anymore and they might miss on higher profits if they sell now.


Title: Re: Going against the grain.
Post by: GeorgeJohn on February 13, 2024, 07:28:11 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.


anyone that invested when the market was low come at least withdraw some profit or withdraw it capital and they make use of the profit as reinvestment so what makes some people to lose what whatever then they have is greediness so this is opportunity to see your capital and the also use your profit for the investment, we should not be greedy it is a greediness that makes some of us today to lose both capital and profit because the price of Bitcoin right now is appreciable and is unpredictable nobody knows what will happen in the next day for the Bitcoin price regulation because it may Fall tomorrow or it may rise more tomorrow


Title: Re: Going against the grain.
Post by: $weetne$$ on February 14, 2024, 01:39:08 AM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time..

At $50,000 will be a good time to do this as many investors are thinking Bitcoin will continue rising until it crosses the all time high. You would have made a nice profit if you sell at $50,000 and you bought below $30,000. Bitcoin is going to drop below $50,000 again before the halving. If you're a long term Investor there won't be a need selling because you're investing for the long term therefore all the short term price movements shouldn't be bothering you. Bitcoin could still fall below $45,000, it has already fell below $50,000. Bitcoin has been rising for the past three weeks and a correction might be what will be happening next in the market. If everyone is being bullish, you have to go the opposite direction when we're not in a bullish market.


Title: Re: Going against the grain.
Post by: Natalim on February 14, 2024, 09:17:03 PM
It depends on your target price but some investors especially newcomers, will take this chance to sell. But I don't see it wrong, as long as you have made some profit already, it was not a losing decision even after selling the price of Bitcoin will pump more because I was certain that correction would come and that's the time we reinvest. Of course, for old-timers their faith and trust are different from newcomers as they will still hold and wait for the next ATH.


Title: Re: Going against the grain.
Post by: Zanab247 on February 22, 2024, 07:15:41 PM
Quote from: Natalim
It depends on your target price but some investors especially newcomers, will take this chance to sell. But I don't see it wrong, as long as you have made some profit already, it was not a losing decision even after selling the price of Bitcoin will pump more because I was certain that correction would come and that's the time we reinvest. Of course, for old-timers their faith and trust are different from newcomers as they will still hold and wait for the next ATH.
Selling your BTC in this new bull run will cause you not to make plenty profits from your long hodling because, I know that there will surely be massive bull run that will break out soon that will make BTC price to reach $70k to break into new price investors have never experience before since they join BTC investment.

If the newcomer can follow what old investors are doing in this new bull market not to sell than to continue hodling their BTC because, they know that there will be a bright future ahead of those that will make it at the end.


Title: Re: Going against the grain.
Post by: kentrolla on February 22, 2024, 07:58:02 PM
The price of Bitcoin is $48,100 and if we bought BTC at $39,000 and sold it now, we already make some money out of it. I know some people are doing this, selling 50% and securing the profit, and waiting for the correction for reinvestment. May not be a practice my most but this is actually what I'm doing. Taking the chance to earn some while waiting for the ATH is a smart decision. Doing this strategy is possibly more profitable than just holding for several months and selling them when ATH arrives. Just imagine if we could make $3-5 a month, that was a lump sum of money in 12 months.

Yes, that's something every smart investor or trader would apt for. Especially those who knows the market in and out because we are all aware there would be a correction period after every pump where we can reinvest. I have adopted similar thing wherein I have been doing DCA on one hand and now I have allocated a separate fund for these quick trades wherein I sell when the market dumps by more than 3% after good pump and similarly when it dips I buy back and will continue to do this till the bull run starts.


Title: Re: Going against the grain.
Post by: Zigabel on February 22, 2024, 09:27:32 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.
Everyone has got their various approach with which they get on most of these things and and so some could want to make some more profits beyond what's obtainable now and wouldn't want to make any withdrawal while others may get on with partial profits and later they will get the remaining probably when the profit has gone higher again beyond what it was at the time they first took profit. It's also good to keep a watch on the the asset even after taking partial profits because there could be another opportunity to get on the market again.

What every preferential approach one chooses the aim should be to staying profitable at almost all times because that's the only way to staying long enough in the market but if staying profitable is challenging the. I think the approach I'm use should be changed.


Title: Re: Going against the grain.
Post by: btc_angela on February 22, 2024, 09:31:06 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.

Yeah, I know that we shouldn't used our emotions in crypto investment. But if you used logical thinking and see that we aren't even in the bull run, they why sell? History tells us and it hasn't been broken yet that the price will go on a parabolic rise right after the bitcoin block halving.

So why sell right now when you can make more profits just by sitting your Bitcoin in your wallet, or to continue to buy and HODL. So there's no emotion on that, just base on our experience and that those speculations hasn't been proven wrong yet.

Not a financial advise though, I'm just sharing it based on my experienced.


Title: Re: Going against the grain.
Post by: goaldigger on February 22, 2024, 09:31:19 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.


There's no wrong in securing profit and it's actually advisable to do so. Every investment should have a target price to take profit so you wont be greedy when the market pumps, just like what happened right now, if you are able to sold at the price of $52k, then you should be enjoying a good profit now while waiting for the best price to buy again. The goal here in cryptomarket is to make profit, and not to hold longer so set-up your target price and commit with it.


Title: Re: Going against the grain.
Post by: _BlackStar on February 22, 2024, 10:24:19 PM
-snip-
There's no wrong in securing profit and it's actually advisable to do so. Every investment should have a target price to take profit so you wont be greedy when the market pumps, just like what happened right now, if you are able to sold at the price of $52k, then you should be enjoying a good profit now while waiting for the best price to buy again. The goal here in cryptomarket is to make profit, and not to hold longer so set-up your target price and commit with it.
Everyone has a different way of exploiting market volatility to gain profits. You don't have to remain a holder forever until a new ATH is touched - but you can also sell some of your assets at a certain price and secure your profits. If you bought bitcoin at $25K - then today you have accumulated 100% plus profit and it is definitely worth selling some of it for the initial budget.

You can diversify your profits into some other assets [if you don't want to make a withdrawal] - meanwhile, you still have half a bitcoin that you can hold until the new ATH is touched. This kind of method can keep you safe from price volatility - but it may not allow you to get more profits after not having bitcoin in full.


Title: Re: Going against the grain.
Post by: tabas on February 22, 2024, 10:44:46 PM
It is subjective when you're going to sell. Are you in profit now? Sell if you need it. But if you don't think of selling anytime soon, that's also okay because this bull run is going to be a long bull run at least IMHO. We all have our own targets and what matters to you is that you don't follow the crowd and flock and you have your own way of decisioning. While at this point, many won't sell yet because we're still waiting for the halving. If you crave to buy, take some moment of yours and if you have some other source of income that you can use to buy, much better to do it. You'll never know on the actual bull run when you sell and then you try for it to have some dip but, the opposite way happens and it continuously go up. That's the point that when you sell, you should be happy already taking that profits and there's no going back unless you're too patient to wait and do a buy back.


Title: Re: Going against the grain.
Post by: STT on February 22, 2024, 11:01:52 PM
Impossible to give this advice especially as it will vary so much, most people should not sell as much as they will because they wont rebuy at a better price or lose the incentive to be as involved.   Quite a few people sold too much and regretted it but if you need the money clearly you dont have too much choice at that point.

   I sold BTC back when it was needed as part of mining and costs related to that, if I had known the whole story or just thought alot more about it perhaps I could have guessed better;  clearly I'd have kept it all but nobody knew just a few had better confidence then others I'll admit I didnt think it through enough.  Generally ever since that time I never sell all just a bit here and there.


Title: Re: Going against the grain.
Post by: GreatArkansas on February 22, 2024, 11:59:20 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.
OP has a point here, you will never call it a profit until you press that red button, which means take profits.
If our goal is an investment then for me, there's nothing wrong in taking profits because that is our goal in the first place.

But if we have a plan and target, and we can also stick to it.


Title: Re: Going against the grain.
Post by: Fundamentals Of on February 23, 2024, 02:17:02 AM
Although I agree that there is a good time to take some profit, temper the greed, and plan to buy back at a lower price, I think this isn't that time yet. We are not yet at the peak. We are still in the middle part. If you sell now, I wonder what your buy back target price would be. Would that be $45,000 or $40,000 or $35,000? Although we might reach these levels again, I guess it would only be after reaching a new ATH and even $100,000. For me, there's still a little more waiting to maximize the growth and to make the buy back more worth it.


Title: Re: Going against the grain.
Post by: traderethereum on February 23, 2024, 05:22:59 AM
This is exactly what people should do, that way they would be able to increase their bitcoin holding and the result will only be better, that is just how it is and should be pointed out as much as possible.

I get that it is not going to be all that easy, but we are going to end up with causing a lot of trouble when it comes to that. Life is not all that simple, and we should probably require some sort of periods when it is going to be more capital in your pocket, and during those times the best thing to do would be just making sure that you end up investing into bitcoin with that money. Some people focus on some worse investments just to diversify but it is better to risk it all on bitcoin then invest into something stupid.
Even if that is not going easy, we can still try to invest in bitcoin. We already know bitcoin is the best investment for us, and having bitcoin investment gives us a chance to make a big profit. We have more time to focus on our bitcoin investment, which can be our last effort before we see bitcoin price increase.
We do not know when bitcoin increase, and that gives us more room to buy more in this time. We must use any chance, including buying at a low price because bitcoin price still is up and down, and that can be our time to buy when the price is down, and we can accumulate more bitcoin.
When the price starts going up, that will be out time for us to smile because our investment value increased, and that depends on us when we want to sell bitcoin.


Title: Re: Going against the grain.
Post by: Out of mind on February 23, 2024, 05:23:18 AM
If you are such a stand-up person, then definitely plan for the long term. If you sell your coins, you won't gain much, but if you hold on to a few, you will be salted and happy if the price goes up. However, if you hold Bitcoin you must be patient and most investors follow a goal. And the goal of investors is to invest and hold Bitcoin until it reaches its maximum height. And if you are trying to hold on to Bitcoin investment then you must wait until the Bitcoin price touches $100,000 then you will be a successful person.


Title: Re: Going against the grain.
Post by: Uhwuchukwu53 on February 23, 2024, 07:03:41 AM
Everyone has their own strategy for taking profits, you choose to put yourself in a trader's position, which is very good for securing profits in the short term. When the market is surging, long-term investing is more profitable than selling just to secure a small profit. It takes a long time to wait for the price to fall again as you would like if the market is in an upward position. Hold is better than selling just to take a little profit, you will get bigger profits if you are able to be patient a little longer.


Your advice speak my mind ,but the problem about people is how they view there profit making in their investment many go through so many emotion mostly when some of their financial challenge is tide down to the investment it's difficult to practice the Long time holding, that is why is more advisable to have other investment outside from Bitcoin because I don't see reason one will rush to get smaller profit without considering the huge benefits of Long time holding. Though the market practice is relative basically is of choice but my opinion to any one is to see the Long time holding as the best and put off emotions to avoid regret.


Title: Re: Going against the grain.
Post by: kotajikikox on February 23, 2024, 08:09:51 AM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.


it is your action to decide mate because that is your investment and your money but for me I am still waiting for at least dumping back below 50k before full outing my funds and wait for a total dump.

have seen this in the past that is why I kept checking the market and even using Bot to track the movement to not let what happened in the past.

If you are such a stand-up person, then definitely plan for the long term. If you sell your coins, you won't gain much, but if you hold on to a few, you will be salted and happy if the price goes up. However, if you hold Bitcoin you must be patient and most investors follow a goal. And the goal of investors is to invest and hold Bitcoin until it reaches its maximum height. And if you are trying to hold on to Bitcoin investment then you must wait until the Bitcoin price touches $100,000 then you will be a successful person.
sometimes waiting for too much made us trapped , Bitcoin hitting 100k is for me something that does not happening any time this 2024 , yeah we may see breaking ATH but  of course we have our own decisions here.


Title: Re: Going against the grain.
Post by: hugeblack on February 23, 2024, 08:41:41 AM
Personally, I start selling when everyone wants to buy and there is positive news daily and greed prevails. So far, all of these things have not happened, so the buying rate is still normal. The reason for this is that the price rises and stabilizes. There is no positive news daily, and greed has not been satisfied.
Most of us will start selling at $100,000, others at $120,000.


Title: Re: Going against the grain.
Post by: Miles2006 on February 23, 2024, 02:46:02 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.


It seems you're not sure of your investment cause why will you sound like this and consider selling quick as the best option due to profit and loss, if you're having this mindset now I wonder what will be your advice for investors that hold for 3_5 years, if you really want to grow with your investment you should have the mindset of holding your bitcoin for long term or rather you should also have your personal target when investing so you know the right time to sell.
I guess this is your target but I disagree with this opinion cause you're getting over excited and with this excitement you might likely sell all.


Title: Re: Going against the grain.
Post by: Saint-loup on February 23, 2024, 10:57:46 PM
Personally, I start selling when everyone wants to buy and there is positive news daily and greed prevails. So far, all of these things have not happened, so the buying rate is still normal. The reason for this is that the price rises and stabilizes. There is no positive news daily, and greed has not been satisfied.
Most of us will start selling at $100,000, others at $120,000.
You really think there will be more people willing to buy BTC at 100k than at 50k? Why? I don't think the Greater Fool paradigm will apply to BTC at those levels TBH, because Bitcoin is not new, it's 15 years old now and most people currently living on Earth have already heard about it. So a big FOMO movement is unlikely to happen now IMO, people and investors will stay cautious and be more feared to lose their money than to miss an opportunity if the bull run continues.


Title: Re: Going against the grain.
Post by: Viscore on February 23, 2024, 11:11:06 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.


There's no wrong in securing profit and it's actually advisable to do so. Every investment should have a target price to take profit so you wont be greedy when the market pumps, just like what happened right now, if you are able to sold at the price of $52k, then you should be enjoying a good profit now while waiting for the best price to buy again. The goal here in cryptomarket is to make profit, and not to hold longer so set-up your target price and commit with it.
I have to agree with this. Selling is good as long as you sell for profits. Now, if you are seeing significant profits if you decide to sell, go for it. You are responsible of your own funds, so always stick to what you think will improve the amount of your funds. Hodling is good, but know that you won’t be hodling forever. One should decide to sell, if not with the current price, or when a new all time high is reached.

Investing follows profits. And now that profits are already available, take time to sell now and the rest sell when bull run finally comes, and just buy back again when bitcoin price is at its dips.


Title: Re: Going against the grain.
Post by: freedomgo on February 23, 2024, 11:45:26 PM
I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.

Yeah, I know that we shouldn't used our emotions in crypto investment. But if you used logical thinking and see that we aren't even in the bull run, they why sell? History tells us and it hasn't been broken yet that the price will go on a parabolic rise right after the bitcoin block halving.

So why sell right now when you can make more profits just by sitting your Bitcoin in your wallet, or to continue to buy and HODL. So there's no emotion on that, just base on our experience and that those speculations hasn't been proven wrong yet.

Not a financial advise though, I'm just sharing it based on my experienced.
Profits are profits, regardless if they are small or big. My view here is nothing’s wrong if one decides to sell  even when bull run is not yet realized. But never expect that you will gain maximum profits once you sell your coins. That will only be possible if you’ll be more patient to sell when bull run comes.

If you are in need of some funds, sell some of your coins. But if it’s not, then just wait for a new all time high, that’s the best time to sell and gain maximum profits.


Title: Re: Going against the grain.
Post by: Kliss on February 24, 2024, 11:25:06 AM
With my little understanding and knowledge, Now is not actually the right time to sell. There is a lot of positive news  regarding this bull run, exciting times ahead especially when things are rising quickly. Continue holding for the long term can pay off in a big way when you know speculation is that it's going to hit $100k and $120k  the right moment have not arise yet the bull run still have more potential growth trend and excitement ahead you can sell when it get close to it climax.