Bitcoin Forum

Hey guys,

My wife and I have been investing in BTC since around the last ATH, so this coming halving is the first one we've experienced. As a result, we need to figure out a profit-taking strategy. I was hoping to get some input from the community here.

We currently have around 1.5 BTC, and our ultimate goal is to be able to use that to help us buy a house and be able to retire at some point. Nothing too crazy. I'm hoping this bull cycle we'll be able to at least get a decent down-payment on something, then maybe over the next cycle or two be able to pay it off.

Anyways, the strategy I'm considering is something like, when BTC crosses $100K CAD, (it's currently at $83K CAD) I plan on selling 0.01 BTC per week. Kind of like DCA but in reverse. Then possibly increasing that amount alongside BTC value, so if it crosses $125K, sell 0.0125 BTC per week, 0.015 per week at $150K, etc.

Since it's impossible to predict exactly what will happen to BTC price over the coming bull market, I'm hoping to get a decent return over the course of the cycle without completely selling all of our BTC. Then when it inevitably flips bearish again, start DCAing back in like we have been up to this point.

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

Thanks  :-)

Put the BTC to rest. Besides the inscriptions. I think about setting a CMS up on my own site. Content management system. Cheers! "I am so 2000 and 8 and your so 2000 and late!".

The profit taking is lined up like dominoes.


You save money when you don't spend it on BTC. One-liner.

Soon 7 an I can put on a song. Neighbors.

From $83k CAD to $100k CAD, it is about 20% more increase. It looks good to take profit but I believe it is too soon because we are still 2 months until April halving. Bitcoin can make its all time high that is higher than 2021 all time high and I believe it won't stop 20% from today price.

You have 1.5 BTC and want to DCA take profit with 0.1 BTC each time. Do you think it is too small part of your portfolio to take profit, even DCA.

I would like to do DCA take profit with 0.1 BTC but my start price will be like 40% from today price, not only 20%. I will take profit with DCA like 0.1 - 0.1 - 0.1 - 0.2 - 0.3 - 0.3 - 0.3 and 0.4 BTC. Because when Bitcoin moves nearer to its new all time high, I will increase the amount for taking profit.

Being self-less will make you rich faster.

Did I just put that mans word in the database for the second time? Know things!

Dude you need screenshot of everything for regulatory. Prints. Whatever. And do me a favor. Don't vote against a sitting President.

Here is the issue with your strategy. Say bitcoin does go to $100K CAD and then $110K and then $125K and then it tops and starts to enter bear market cycle.

You will only sell maybe 4-5 branches of 0.01BTC but if we end up topping and entering the bear market then you will be selling at a lower and lower price every week. Just look at the previous cycles.

My advice. Pick a price and just stick with it. If it hits $125K CAD and you are satisfied then just take profit there and be happy.

Trust me I’m in my 3rd bitcoin cycle.

I would sudjest you HODl 0.5btc and sell 1 btc which you and your wife can buy a house and invest in a regular income generation investment, which you will be aiming small small money so that you won't think of selling your holdings. This reason has made many people sold their investment when they where not even matured. You guys should try not to sell all. A time will come when you will regret selling it at this price now.  Just as early adopters did and regretted later. To HODl $1.5btc is not an easy thing which you should know that many people might spent 15 to 20 year to be able accumulate such value keep HODling a little it is to early to see off. Like I said sell some and reserve some in your wallet, btc will set another ATH.

Yeah, very reasonable and normal.

Just do it like what you are planning and all you have to do is to timing the moments you're about to sell. Not every week that you might planned to sell will be good to you so just expect the unexpected.

It's a cycle for this market and you're having a good plan. Good luck to both of you as it seemed that you're planned well.

The average housing price in Canada is $659,395 [1], selling Bitcoin using DCA strategy when you don't have enough coins to buy house, is not a wise decision for me.

I suggest you're need to wait until the price surge really high, let's say you think $150K CAD is big, you can sell some portion and hold the rest. People are expecting the highest Bitcoin price in this year halving event will happen in the next year, so you can sell some at the top.

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[1] https://wowa.ca/reports/canada-housing-market

Yeah its reasonable and somehow you can test out the current cycle then maybe you can learn something so in next cycle you can use your current experience to maximize your potential profit in future. Also whatever makes you feel comfortable to sell as long as you are bullish or earning a great profit then everything is fine. Just don't regret on any position you sell and think about you are already gain your desired profit since if you ask for more and be greedy then you might face the consequences of the action that you don't want to be in.

Its great that season is in favor to holders or investors so lets take advantage and take home a good profit brought up by current good happening on the market.

Selling BTC to buy a house looks like loser's strategy to me honestly speaking. Why would you sell a non-sovereign appreciating reserve asset to buy a geographically limiting semi-sovereign asset that's subject to all types of counterparty and systemic risks?

Your plan isn't too bad, I don't want to disappoint you but do you have a backup plan? I mean, if we don't have bull season or bull season happens later than you expected, what will you do then? Everyone is looking forward to the halving and the subsequent price increase, but if history does not repeat itself, things will not go as planned. I'm not spreading Fuds or negativity but I think we should not be too subjective and need a backup plan.

Also, don't just focus on bitcoin investment and think that it will bring financial freedom, we need other sources of income and should not be dependent on one thing, especially a volatile asset as high as bitcoin.

I understand you and your advice is good.

To take profit, investors must identify two main things: target price and time to exit the market.

Target price is easy to set by any investor and Bitcoin can hit it or don't hit it in this cycle so the second thing is important. When will be a maximum time you wait to take profit and when will be the time you will exit the market no matter what price Bitcoin is at that time?

If Bitcoin does not hit $100,000 but time is counting down to late of 2024 and Q2 of 2025, I will exit the market. I don't wait more than Q2 2025 to exit because it will be time for the bear to appear.

What you're saying makes sense. My concern with picking a specific value and selling there is based on the experience I had when I first entered the market; I spent way too much when the price was still high. Had I been more patient and DCAd early on, I would've been able to buy more for less.

The way I see it, if it does top out at $125K and I've only sold maybe 0.1 or 0.2 in that cycle, it just means I'll hold more for later. Conversely, if it tops out at $200K+ or even higher, I can ride it out for longer. I'd be kicking myself if I sell most of my BTC at $125K and then the price surges to 2x that or more.

Yeah, I don't expect to be able to buy a house outright just from this cycle, but I feel confident I'd be able to accumulate enough for a solid down-payment.

I'm not too concerned about the average house price. That price factors in crazy expensive places like Toronto and Vancouver, which I have no intention of living near, and I don't need anything big. I'd be happy with a small bungalow out in the boonies with a vegetable garden. I'm not greedy.

in short if you are selling just to hoard cash for deposit next year.. your doing it too early, too soon, losing out on the ATH opportunity

however if you are selling to have SOME cash now(not selling all), to hedge, and then take oportunity in a fewmonths to buy backin this year if this months hype corrects down this year..
to then sell again in next years ATH season. then a clever strategy..
as long as you are selling at a profit from last purchase price and buying back in at a lower price than last sell price

but overall, yes do not sell everything this year..(your strategy anyway) but if you do cash out some also take the opportunity to buy back in before ATH next year.. IF this month is just hype month that corrects down.. before then entering the hype season ATH next year
...

two things to think about..
a. hoarding in cash form for a year(slowly accumulating cash before downpayment next year)

take note of last cycles

2013 ATH peak $1.2kUS did not afterward correct down to previous 2011ATH peak of $30US
2017 ATH peak $20kUS did not afterward correct down to previous 2013ATH peak of $1.2kUS
2021 ATH peak $70kUS did afterward correct down to previous 2017ATH peak of $20kUS(went to $16kUS)

if you start selling from ($100kCAD) even if it peaks to $150k(US)($200kCAD) it may not correct back down to ($100kCAD) after
should you sell all pre ATH, hoping to DCA after
(DCAing out some 100-140.. in a season of 100->200 may not see 200->100 post ATH.. but instead be 200->140 meaning the DCA of 100-140 cant be used to DCA in after ATH 200-140 backward as thats a loss)

if you are going to hoard cash for a year+ to then put a mortgage down payment. i see no point in slowly cashing out from $75k(100kcad) pre ATH~
just to hoard in cash form and not invest it for a year+
especially if you are trying to drip feed (DCA) out slowly amounts that wont get you into a downpayment position this year
you might aswell wait until atleast its closer to the ATH

..
b. possibility of this hype correcting before next year
this hype price this month..($63k (US) today) may also correct down to <$50k(US) again before then climbing to 2025 ATH
so taking some out whilst its in profit to your old purchase price last season. could be good. to then put back into btc if the price goes below todays price before the next ATH.. so that when the 2025 ATH rally happens you have achieved even more profit

EG imagine todays $84k(CAD) sell.. becomes a correction(US $50k($63kCAD)) rebuy in a couple months
your 0.1 $8.4kCAD then gets you 0.133 which is 33% more coin to sell in 2025

You have it all figured out already, but am hoping things turn out the way you have planned and hope you keep up with your DCA strategy once you have taken profit and we have entered the bearish season.
However you should know that the people who would enjoy profit taking care those who have had BTC investments and HoDL for more than five or close to a decade. Else , if you just started DCAing last year and hope to make a good profit in the bull market, I suggest you HoDL some more before even trying to sell.

The question is not about taking profits but what are you going to be taking profit for? What is the plan? Will you just  be taking profits just so that you can have enough money to keep and then satisfy the urge of knowing that you are benefiting from your investment.

Please don't take profit or have a plan to take profit if you have no purpose for it. It is not compulsory to take profit when bitcoin sets a new ATH and continues bullishly.

Your plan to sell a bit of BTC regularly as the price goes up sounds solid. It's like a reverse dollar-cost averaging helping you lock in profits without trying to time the market perfectly. I like that you're planning to reinvest during bearish periods, acknowledging the market's ups and downs. Just keep an eye on transaction fees and tax stuff and don't forget to stay in the loop with market trends and maybe think about diversifying a bit. It's a smart strategy but everything can be learned

The right answer varies from person to person. How much do you have in btc? Do you hold everything in btc? What's the cost of life in your country? What's your age? Do you own a house? etc... Based on the answers you'll give to these questions, you should follow a specific asset liquidation strategy. Since we don't know your situation, we can't give you any meaningful advice here.

Here is an example:

Is the money in btc enough to buy a house? If you don't own a house at the moment > sell btc and buy a house.

Everyone has their own strategy, I think the strategy you use is reasonable to apply, where if you sell BTC you will already make a profit, especially if you will get a profit above the capital we put in / when entering to buy Bitcoin
The suggestion is to sell enough BTC to buy your dream house and save it for your old age from the proceeds from selling your BTC. If you feel that all your wishes have come true, let your BTC become a long-term investment with a target of achieving maximum profits.

Do not take profits soon, wait for it to reach atleast $130k price range and then you can start taking profit. I mean it's not a surety that it will reach that price amount which I have mentioned but I truely hope it will go way above that. Not today, not this month but surely one day. Just HODL it and do not look out for taking profit just before Bitcoin Halving. Prices will never be same here and you will miss holding BTC worth your current average.

If you are hesitant to get back your capital and want to use it for some more reasonable investments, then you can just simply take it when the bull runs come and sell it all in the crypto market to maximize your income at that point and maybe when the price will start to decrease again and you have made some good earnings in your new work or job, then you can buy again and just repeat what have you done before to avoid risks. But if you don't have any problem when you lose your capital to buy bitcoins at any time, then you can just buy more whenever you have some money and just keep hodling until the price is raised to hundreds of dollars for each bitcoin.

dear plan is very important in the market of Bitcoin plan of taking entry matters but the plan of exit matters more because if we miss any opportunity it may be going to our last opportunity. But you are right this is too soon for taking profit. But if we look at the history of the bitcoin market have been making correction at the edge of the bull run where Maket may give us another buying opportunity where we can fill up our bags again.

Last day when the market was at $64k I also booked some profit to buy back at the edge of a bull run. Now I am waiting patiently for that to occur. Dear, what do you have how much correct we may see in the coming future? In my opinion market can go $45k it is just a rough prediction/idea because the bitcoin market already has gained a lot to its price. So if OP is Taking Profit he/she should consider to for buying back opportunity in the future. What do you say?

Oh, this desire to squeeze out maximum profits. Someone is trying to catch ATH for this, and someone is making a selling in parts like this. Bitcoin already demonstrates such profitability that you can get in few other places.

Selling bitcoin in parts is a good idea (allows to average the selling price), but at 0.01BTC per week it will take a very long time, and bitcoin ATH is candle-shaped, which means there won’t be much time to sell at the best price. The 0.01BTC value should be increased to at least 0.1BTC, maybe more.

There are 4 weeks in a month = 0.01BTC x 4 = 0.04BTC per month (with your strategy).
0.04BTC x 12 (number of months in a year) = 0.48BTC. Sticking to your plan will take you ~3 years, which will not allow you to get the maximum profit.

0.1BTC x 4 = 0.4 (it will take ~3 months to reach the 1.5BTC limit) - seems more realistic, although it is also not the most rational solution.

Probably best is 0.2-0.3BTC per week.

Totally agree, 62k USD is still below the previous ATH and if you're a long time hodler, it would be a disservice to your efforts of hodling at the bottom just to sell now, sure there's the possibility that you can sell now and you'd luckily sell when the price starts going down again but if I were you, I wouldn't risk it anytime soon, it's definitely not a good idea especially with the expensive transaction fees caused by the ordinals, it's better to wait for the price to go to your target and then sell at that point, that way, even if you're paying huge transaction fees, you're getting the profit that you deserve. Follow what I and @ImThour says, hold on for dear life my cryptobros and cryptosis!!!

I think the optimal profit taking point should be post halving because the halving will surely inject some volatility and upward movement into the market. Those looking for sharp profits can use the present market conditions to do so but in my best opinion, waiting for what the halving will bring is a wise decision.

I expected the present bull run after the halving and I cannot point to what is causing it at the moment. But I'm optimistic that after halving, the market will respond positively. Base on Bitcoin price history, we will be seeing some unexpected prices as a consequence of the halving.

Hm, reverse DCA sounds interesting and can make sense if you know you want to sell in the near future. But Bitcoin isn't at the top yet, and after at gets there, it can easily go down for a while (like, 50% down, for example), so selling when that happens can be a very unfortunate decision. Considering that Bitcoin tends to stay well below ATH for years and then grows beyond the previous ATH for much shorter periods of time, reverse DCA might not be such a good idea because it can mean selling mainly during far from optimal periods.
If you want to sell some BTC, that's totally fine, but if you're willing to wait for several more years, it might bring bigger profits if you still keep some BTC as an investment.

It's very important to remain patient and not get caught up in short-term price fluctuation when investing in Bitcoin. What really matters in Bitcoin Investment is the long-term results, because you can only reap the actual benefits of Bitcoin when you go long-term, that way you'll not only be gaining the full benefits but also saving yourself from the trauma and heartache of dips and Bitcoin's dramatic trends.

Bitcoin today, 29/2/24, has soared to $62,911, meaning that Bitcoin has experienced an increase in price over the past few months, halving is one of the triggers for Bitcoin's current rise, If you have already bought and invested in Bitcoin, that is a good move, if you ask me, of course don't rush to sell it, the time is not yet right.

Halving occurred in 2021, Bitcoin showed a new ATH at the level of $68,789, I believe that the ATH in 2024 Bitcoin will be at the level of $70-80k, meaning that if the price of Bitcoin has reached that position for at least the next few months, maybe you can make a decision to sell it, that's based on my speculation, which is certain that each user has their own understanding in assessing their respective Bitcoin sales to achieve good results.

Therefore, everyone who decides to invest must continue to learn about their investments in order to be able to properly carry out the investments they make. For those who really understand it well, we will continue to hold back in the long term the profits from these investments and will not affected by falling prices, but if they see prices are low they will certainly take advantage to be able to collect an amount that they can afford to hold in the long term in order to make a profit.

The same thing can not work for everyone, but since it is Bitcoin, most have similar strategies. There is nothing new it is either your trading, your mining, or your holding, so it is almost the same pattern, The only place that might have is while you want to trade, which I love more than holding because I don't have enough money to buy to hold, especially now that the price is going up since we are waiting for a bull run.

That is something everybody wants to do to make a profit above their capital, It might not always happen that way but having it in mind is not bad at all because it is something you have invested your time and energy in. When you make enough profit from bitcoin, you can buy what is even more than a house, and that is one of the benefits that investing in Bitcoin comes with. To make a profit, I have that long-term goal in mind but need good money to enjoy my investment.

When I saw the topic of the thread, the first thing that came to my mind was taking profit to do what? I was forced to ask myself, does this taking profit mean selling all my Bitcoin and converting the money to stable coins or fiat? The answer that came out of these question actually got me worried and confused. If I take profit now and convert to fiat, then there is inflation to contend with, apart from the urge to live extravagantly. The other option being to leave it in stable coin, then again, will I be able to forgive myself if after converting to stable coin Bitcoin give X2 from the present price? This idea of taking profit does not make sense to me at this point.

You might make more if you wait little longer but if cashing out is your ultimate decision then what you strategized looks good and if that's enough to cover the initial down payment. But think again do you really need the house or apartment or just wait for another 4 years to have better returns?

You have planned to invest in Bitcoin 1.5 with the intention of using it to help you buy a house and retire when you are old.
That's a good plan, but the question is why you always sell some of the profits when there is a bull cycle. And you will sell with a profit of 0.01 every week and when the Bitcoin price rises you will also increase your selling profit when the Bitcoin price continues to rise from ATH to new ATH, and the question is why you sell. And if you don't really need it, it's better not to sell it. You still have to buy or collect them and change your plan to the correct DCA strategy.
With this, if Bitcoin price reaches $125K as you say. You can not only buy a house, but you can also buy the entire contents of the house in a luxurious manner and can also guarantee your old age and future as well as the future of your children.

Your BTC strategy on pulling out your profits sounds very nice and would be great if bitcoin continues to move in the direction you’ve predicted it to, because that’s the only way you can get perfect result for what you want. I thought you were going to get a house after selling some part of your BTC but seeing how costly it is to own a house over there, I don’t think that is achievable this coming bull run since you already want to keep and bag more for another cycle. With the current worth of bitcoin, I can get a decent house here in Nigeria and still have some money left to use. I wish you all the best in achieving your future goals of getting a house with your wife. I hope the bull run favours you to get a huge down payment for the house you want.

Totally depends on you and just checking out on the things you have said or mentioned or method then you are selling out in increments basing up into its movement or increase on which it isnt really that a bad idea.

The only issue i do only see on this one is that whenever the market would be making out that trend shift. Then are you will to wait up for another 4-5 year cycle before you could be able to sell out again?
You would really be needing also to consider about your average price entry because we know that once  this market would be having its bear market period then it could really go its price into the floor
on which it would really be that resulting into such potential huge problem that you could really be having when you do see your portfolio is on negative.

Profit is profit,take whenever you do seem fit. We do have our own takes and considerations on when we should really be that taking that profit.
Just dont expect too much though because this market could make out that u-turn in a snap.

It's a good strategy, but if this cycle will play out similar to the previous ones, it's better to wait with the selling until the price reaches at least 1.5x of the last ATH - so above $100k USD. Then you cast start selling progressively more and more. You don't need to time all or even most of your selling at the next ATH - that's unrealistic, but getting 80% close to it is a pretty good result.

I plan to take it the same way I was buying it by parts

That's a pretty solid strategy. One thing I might add is that you should never exit 100%, unless you want to gamble a bit. Bitcoin is stable and in general is bullish, if you look at what it does every cycle. I believe that in near future you won't see deep corrections anymore, as it matures into a store of value. You could see it by looking on charts that every bear market correction gets more shallow and it's going to speed up in near future. 80% corrections are long gone and we'll start seeing 50% bear markets then 30% and so on.
The deal is, you don't know when the flip will happen but it will and one day you'll DCA down from what you think is the top and see a 10% correction followed by a 30% move up over the course of a year and that will be the end of the whole bear market.
My plan is to spend bitcoin during bull markets on the things I need and not try to turn it to its inferior form (fiat money) just to save myself from a possible correction.

I agree with you. It sounds very strange to do reverse DCA when the BTC price has not yet reached its peak, in fact the price is still below the ATH and has not created a new ATH pattern. why not try to restrain yourself, especially since the halving period is getting closer and will most likely create a new ath.

However, we can only suggest that the decision remains in OP's hands because each person's strategy will be different and each person's needs will also be different. Maybe Op did a strategy like that because there was something because he wanted to buy a house so he needed to utilize 1.5 btc assets in the short term.

I support the point you stated, do everything in accordance with what you know and trust yourself because you actually have the position and opportunity to enjoy the results. We all have faith in bitcoin's price increase and make speculations about its future target, but the truth is that it is uncertain and is only the basis for initial belief. Simplify things with patience with the plan and you will also feel satisfied, and grateful for the journey.

Anyway, everyone has different investment strategies, so don't try to copy ideas or impose strategies from others. Wishing you and your family a wonderful journey with bitcoin.

] As I see the topic, I just know that it is a newbie with their fat lies. You were investing in bitcoin since the last  All Time High and you didn't know that this forum is an existence. You have been investing in bitcoin for years but yet you don't know when the bull market will start. You are still saying the "Forthcoming bull market" when you supposed know that we are already in the Bull Market. Op it is not know we will know you more but late in the year forum you contributions to bitcoin related topics will tell us who you are. If really you are a legend in bitcoin.

Op your strategy can't work for all but probably you. We all know how to use the DAC method of investment but not your pattern.

YOur strategy sounds good to me.  As long as you are satisfied with the result then there will be nothing to add.  I may have my own strategy to take profit but each to their own, besides your approach is being careful not to miss the possible surge in price during the Bitcoin rally.  Setting a price to sell like the earlier reply stated is also one good approach, the only flaw is that you may miss the possible much higher price when BTC keep on surging after it hits your target selling point.


I think there is no need to hold 0.5 BTC because it will be a waste of profit since @OP is planning to DCA again when Bitcoin enters the bear market.  If they are able to sell at a profit, that 0.5 BTC can earn more BTC when the price of BTC drops during the bear market.  A typical sell high buy low strategy and that is really good.

That can be a pretty good option to do because apart from you will enjoy the proceeds of the sale, you will also continue to have btc in your portfolio.
I'm actually thinking of doing the same thing as you right now because I've also been doing DCA for the past few years and will be slowly releasing it to make the profit I have because the profit potential will still continue to exist in this era of increase.

I think that when releasing bitcoin that I have as long as it is not a loss and is included in the release target of the initial plan then it can be done and it is still a good option. Although surely in this case there will be some people who are pro and contra to this but if indeed we have decided that then it returns to ourselves because there will be no coercion in this case to maintain and release the bitcoin we have.

Not bad of a strategy if you don't want to sell all your bitcoin while maximizing your opportunity to make profit. However, it would be best to just let that bitcoin sit tight on your wallet since we're heading to another bullrun in the post halving. We are most likely gonna see another unprecedented pump that could potentially hit the 6 digit mark in USD. So, I thought it would be wiser to sell all your bag in one setting when that happens.
Nevertheless, bitcoin will for sure hit more than $150k CAD sooner.  

Technically we also have to look at how the weekly candle closes, whether the candle is bearish or bullish. I think it's true because there is a desired target, meaning you range and consolidate before the market decides to re-enter the market. When we see bitcoin going up, selling pressure kicks in again and pushes the price of bitcoin down. in this sideways condition, we can make a short trade to take daily volatility to make a profit. In the long term, we have to be patient and wait at least until the end of this year to get even better profits.

Weekly candles are better than daily candles but sometimes we need to zoom out more, with monthly candles to see a bigger trend.

With latest bullish movements of Bitcoin and lasts for about six months, people are thinking of corrections and I see two scenarios.

Bitcoin can continue to rise, make Short squeeze before it actually goes with a correction.
Bitcoin can have a correction, before climbing higher.

With not clear resistance above $64,000, Bitcoin potentially can easily break $69,000 that is 2021 all time high and when it breaks that range, moon we go until a Long squeeze happens.

I don't think, this your strategy will help you to make a potential income that will make other investors to follow your new strategies because there are popular strategy many investors are using to accumulate income from the market, and is very simple to use to embrace income from the market.  If you want to take a huge amount of income from your investment, try to purchase Bitcoin when the price is very low in the market, and try to apply long term holding which is the simple strategy many investors are using to grow their wealth every bullish season. I know, investors are making income from weekly transaction but you cannot use short term investors to compare long term investors, because the income long term investors will make a year, it will take short term investors some years before they can make half of the income.

The market is always changing, and new information is always coming out that can affect the value of investments. Being able to stay on top of this information and make informed decisions is really important, because if you fail to equip yourself with the required knowledge and information, you might end up making decisions that'll end up affecting your investment or putting your assets in jeopardy.

The strategy presented is actually good and I think that will certainly work while the market is still bullish. Selling some of your coins at a consistent manner is never a problem as long as you sell in profits, the trouble will only arise when you sell and suddenly the price went down unexpectedly, and end up selling at loss. But if you are good in timing the market, then there’s no issue with that.

Now, I suggest to keep DCAing as well even with a small amount. That will help you retain your bitcoin in your portfolio and make you capable to still enjoy your bitcoin profits in the future bullish market.

BTC profit taking strategies are ok but not all strategies are equal your strategies may be wrong for taking bitcoins. We all know that the right time to invest in bitcoin is when the price is going down. If the price is high it is better to stop buying for the time being. Plan ahead and understand the market well along with planning for long term holdings. Planning before doing something exercises our brain and generates better ideas planning allows us to see our work in a different light.

It should depend on you and your wife. If you are not planning to retire in the next ten years, then you should not hurry to take profits. It will be too early to start taking profits. But, If you are planning to retire within the next three or four years, then profit-taking with the DCA method is not bad. I always believe that Bitcoin will be a couple of times in the next ten years. If you can hold it till 2029, I guess your 1.5 BTC will be more than $250K which is over 300K CAD. So, it's up to you.

A friendly advise. Please do not reveal how much you have and you holding. These are important thing and you should keep these thing private. Do not talk to people in private message. Always discuss in public so everyone can see if they are trying to fool you or not. Cheers!

For most of long term hodlers, this would be the option they prefer most. Selling only when bull run hits the market with its new all time high. However, this is not the only profitable strategy in the market, either selling all at once or selling portion of bitcoin consistently, same will result into profits. So I think the strategy planned by OP is still good and reasonable.

This depends on individual preference. What matters most is you don’t rush to sell at a loss, but you are still waiting for the right time to sell and that only means selling when the price is higher from the position you first bought your coins.

Thank you all for your replies and the ongoing discussion. I feel it might help to clear some things up if I expand on my proposed strategy.

My thinking is that, where the price is now (between $80K-$100K CAD), I'll most likely just hold what I have.

If and when the price climbs above $100K, I'll start selling in increments at 1 or 2 week intervals, based on what the current price is:

0.01 when BTC is between $100K-$125K CAD
0.0125 when BTC is between $125K-$150K CAD
0.015 when BTC is between $150K-$175K CAD

...and so on.

That way, if the price doesn't go much beyond the previous ATH this bull season, I'll still be able to hold most of my BTC through the next bear market and into the next bull market. Conversely, if it does go way beyond the previous ATH, I should still have BTC available to sell in that point. I'm trying to be prepared for each eventuality. I'm wary of selling too much in too few increments only to run out of BTC and see the price shoot past my ability to take advantage of it. If, on the other hand, that means that the bull market ends and I still have most of my BTC, then that's fine, there's always the future bull markets.

Also, in the event that the price drops down again, I'll stop selling and DCA back in. I don't intend on selling anything below $100K CAD. The overall value of my BTC is already significantly higher than what I've paid in so far, and I'd like to keep it that way. I'm not going to sell anything at a loss.

My only personal experience of a previous bull market was in 2021 when we saw 2 separate ATHs. So if we experience something similar where the price surges for a while, then dips back down before surging again a few months later, I'll match what the market is doing on a weekly or bimonthly basis. While it's up above $100K CAD, I'll sell in increments based on the current price. When it drops back down below $80K CAD, I'll go back to buying at a certain $ amount. Between $80K-$100K, I'll hold.

I hope that clears up some confusion.

I kinda like your strategy actually selling it by portion I mean there was still no guarantee on Bitcoin market price even though a lot of us are already hoping and probably know it already that Bitcoin might reach over 100k$ in the future but still, we can't deny how risky Bitcoin or cryptocurrency investment is, there was no guarantee to its market price since the market is just drive by the supply and demand in the market, in theory with the 21 Million supply it might probably skyrocket in the future because of its limited supply and high demand by something could easily come up and probably after a few years Bitcoin might not exist anymore we just doesnt know it right. So selling as long as you are profitable is always going to be reasonable for me, I've done selling a small percentage as well in the past Bullrun and I can good profit on it.

As long as you buy it at a low price and sell it at a high price you gonna make a good profit on it right, so there was no loss on your part, you can always remember that profit is still profit and you can always buyback, the market is a huge cycle so there are always going to be an opportunity to buyback.

The sophisticated tiered selling technique as BTC rises raises the issue of market unpredictability. How will you handle market swings? Flexibility in your approach may matter. Consider the psychological part of selling; watching BTC rise after selling may challenge your resolve. Have you considered transaction fees and taxes on withdrawals? These may reduce revenues more than intended. Your method capitalises on rising trends, but re-entry when the market dips is crucial.

Your strategy is sound, however market volatility should be considered. Diversifying your investing portfolio may also protect you from crypto market swings. Strategy, risk management, and emotional resilience are all part of achieving your goals.

$175K CAD is $130K USD, it's really possible Bitcoin will reach that amount and it might be go higher than that, but considering the amount coins you want to sell is like that, I don't think you will sell 0.3 BTC because in order to sell 0.1 BTC, the Bitcoin price need to hit $200K USD.

But well, the rule is there are no rules, so you can do anything that you want.

It's good that you are thinking about profit booking because many people don't even think about it and hence sell at wrong prices, often in losses.
The amount that you have considered for taking profits is relatively low when compared to your capital. It's only 0.67% of your capital.
So if you want take out some nice profits then you will have to book profits at least for 5% of the capital and wait for a price surge or something.
This 5% can be divided into equal parts if you don't want to take the risk of encashing large amount in a single transaction.

Exactly what I will like to input. Selling in such a small amount could reduce the weight of the profits you will make from your investment. Such method of selling would only be good if you are selling and using it to buy another asset. But selling and keeping the money in CAD fiat is not too a nice idea.

The bitcoin price this time is a significant indication that 150k dollars is possible during the bull run. Why not wait till it hits 100k and you sell like 40% of your portfolio. If it hits 150k, you sell 50% of the remaining portfolio and then leave 10% for the next cycle of DCA.

Well, we have the same strategy. DCA but in selling instead of buying.
I already set some selling targets that whatever happens, I'll sell my Bitcoins. I put 3 selling targets where if it reaches the first one, I'll sell 30% of all of my Bitcoins, another 30% when it reaches the 2nd one, and another 30% when it reaches the 3rd one. I will stick to this strategy, but I will be open to some adjustments especially if I feel that the market is at the top already.

Bottomline here is, as long as you got profits then it's all good. No matter how many profits we got as long as we didn't lose then there's no problem with it. Stick to your target strategy, but at the same time, always be ready for adjustments if needed because there might be a chance that what you expect might not happen. There's a chance that your target selling price might never be reached and if that happens, I hope you're ready for it.

I would like to do it, but I feel that I stick to one selling price only and sold all of it at once, I might get satisfied with the profits that I get especially when I see the market going up still. :D

Instead of selling 0.01BTC per week, why not sell them all when it reaches your target price?
In fact, you actually know the volatility of the market and its unpredictable price. What if the price will no longer move higher over $100k and it drops again, are you gonna hold or sell?

If you BTC OP at $60k last bull season, even selling them at $100k or $90k is already a huge profit. I don't think it ever satisfies you. Remember, greediness was not bad but if there is too much greediness, that is not right anymore.
 - it should be planned well and make decisions that we never have to regret. If your strategy is working effectively, then stay with it.

This would work only if Bitcoin price keeps increasing but in case if it suddenly falls or enters into bear market then you will either be selling at loss or your funds will be struck as you cannot withdraw at loss. I would suggest you to wait till the end of this year or till we ride the upcoming bull run and once it crosses ATH then you need to set up a stop loss and hodl so that you can keep increasing stop loss value as long as Bitcoin's price keeps increasing and in worst situation if it fall then you don't lose much as you would sell at SL with sufficient profit.

If you worry about it, take profit gradually to reduce risk of loss when Bitcoin turns to a bear market.

If you bought around bottom and already have like doubling your initial capital, you can take profit 50% of it and get your initial capital. With rest 50%, you can let it run as it is your profit, even Bitcoin turns to a bear market, it is still your profit, just smaller.

Your strategy can be: 50% for taking initial capital, 25% for next take profit, 25% for the last round of take profit.

Sounds like a really good profit taking strategy to me, you've got a target selling price and at the same time you're not selling all of it at once which is smart because that way, you can easily sell at more profit the next time or maybe even get some profit during the peak and not regret hodling for a long time and you're not wallet emptied when the price starts stabilizing then dumping again. I would've liked to recommend you to hold on to it and set a target price to sell but when you look at it, it's more logical to do this, make sure that you're ready for the transaction fees though, they're going to be really expensive during those times and probably it's even more expensive than the last time because there's ordinals now that's hitching on the network and just imagine what would happen when every retail investors are selling their bitcoins in droves in combination to this one, it's going to be a riot.

If this is all true, you need to read a recent post I made.. https://bitcointalk.org/index.php?topic=5485048.msg63658943#msg63658943 .

STOP telling people how much bitcoin you have.  Don't even tell anyone if you own a single dime.  Keep this stuff private man!  Also, NO ONE can tell you properly how to go about this unless they knew your entire financial situation, your financial outlook, where you live and the tax implications etc etc etc.  Discuss it with a financial advisor in confidence ONLY!!!

And it will be difficult for the price of BTC to continue increasing without bear season occur, which you can confirm it from this new bull run that just occurred in the market for hodlers to begin to sell and make something reasonable from their patience over one year and some months waiting for bull run to come.

There will surely be bear season where you can buy and hodl until another bull run come before you can sell to make more money from your investment, but at this period, if you buy BTC from the market, it will not let you to make a good profits that will encourage you to invest another day, it will be favourable if you can wait for bear season to come.

I believe as long as you never sell for losses, then your strategy will certainly work. Selling gradually while bitcoin price is on the surge helps you assure that you are making good returns every time you decide to sell. I cannot say it’s totally big but at least you have already taken advantage on the current price.

However, selling in time of bull run is more advisable because even bitcoin experts timing their bitcoin selling when a new all time high is present. But if you are more comfortable of doing that, as long as profits are there, I think that reason alone is good enough to say that you’re not losing but completely gaining good financial returns from your investment.

The smartest post I have read thus far!.

I have not scene one person address the tax problem (I know nothing about Canadian taxes).

Simply put you need  figure at the tax implications, possible retirement account tax breaks.

I knew when I opened this post it would full of don't sell it now wait until it moons blah blah blah

Yeah, this is what should be done, but in the end, there are a lot of people who show off just for validity and temporary fame so that they are recognized as one of the investors in btc by clearly showing their portfolio.

Things like this are becoming commonplace now because with the current bitcoin hype that is increasingly being discussed, with the natural nature of humans who really want to always be recognized by others and praised by people, they do not hesitate to show the assets they currently have but they do not realize that it is precisely with things like this that makes them one of the targets for irresponsible people.
It is difficult to provide education like this especially for new people because they really want recognition from others which is a human nature that is difficult to change.

I think I should address this, as it's a valid topic of discussion.

I realise in hindsight it probably wasn't wise to be even as vague as I was, stating my BTC holding. I'm not trying to paint a target on my back. I'm also not trying to show off; I was just trying to provide context and looking for relevant advice from people who know a lot more than I do.

But yeah, in hindsight, it was a mistake I won't repeat.

Since your plan is to sell it and get your family a house and a retirement fund, you have so far been able to accumulate up to 1.5BTC, which is not a small amount considering how much Bitcoin is currently trading right now. 
 
In my own suggestion, since there is no house that needs an immediate down payment, you can be patient enough and wait until bitcoin breaks another ATH, which is above $68,000. I don't know how much that will be when converted to your currency.
 
And if you can still hold it for a little longer, maybe till the end of 2024 or 2025, when the price is predicted to reach up to $100,000 to $150,000, that will be enough to get you whatever you want and also for your retirement.

Bitcoin investment will certainly give you a decent profit. Indeed, that is how it works as we continue our crypto journey, after selling during bull season, we start to accumulate again during bear season. But don't sell yet, it is too early for now, be patient and wait for a $70k price rally.

You still need to observe but I am certain that it works and is reasonable. Otherwise, you need to have another strategy and investment plan.
Stay out of FOMO and FUDs, it won't help you. Keep your goal straight and slowly achieve it as there is no magic in here.

Whenever I sold my Bitcoin holdings, it was hard to buy them back. Because after selling it, it kept pumping. So we can't predict, actually. If you don't need serious funds, then don't sell your bitcoin right now. Because after the halving, Bitcoin should start pumping, and at the end, you may miss the train. Just set a goal for selling your bitcoin and do something in real life. I will advise you: don't be a hurry; you can buy a house if you have money anytime. But if you missed the Bitcoin train, then you will be in trouble. 

FOMO is the one that makes people miss the true potential of their profit and their portfolio. They are too emotional and always on the news to watch out the updates of the market. But if you've been here for quite a while, you'll get to understand that this bull run won't just be gone too soon and it takes time for it to have some cooldown and for people to realize that we're about to get out of it soon. And as you catch up with the news, you're just trying to give yourself some ideas on what the FUDs are, if you're too tough, you'll never get affected by them but if you're too emotional, that's where the problem begins that might cause you to panic.

I agree, going with a slow growth is better than a quick one and then fades away quickly. People are rushing to get into profit with this bull run but they don't have a clear plan on how they're going to take it. Take it slowly and one step at a time because you don't have to hurry as the bull run won't be gone away unless you are following some altcoins that really have a hype that can be gone too quickly. With that, you have to act quickly on how you're going to do it then.

Yes you are that mate especially nowadays if we sell our Bitcoin then we are struggling to buy again cause we all know that the price is keep on increasing even though there's a time that the price will decrease but it is not take too long so if we are too busy in our daily life then there's a chance that we can't find the perfect timing to  buy again some coins. But so far this moments is time for selling our coin's which pretty sure enough that we made some profits from our previous buy.

The advice you give is very useful not to sell Bitcoin holdings that we have saved for things we don't really need because it will be very difficult to be able to buy the same amount as we have sold because the price will continue to increase, if we still can. hold back in the next few months then I think we will be able to get bigger profits and also we will be able to easily achieve the goals of the investment we have made and if we lose the opportunity like now of course we have to hold back the Bitcoin that we have In a longer period of time you can achieve profits from holding Bitcoin.

Of course I support your strategy which you have analyzed but if you can follow your strategy properly then surely you will get more success and build a house as per your mind. If I had 1 btc amount I would definitely make my success like you and make some more strategies of my own. Currently bitcoin market is very pumped in this pumping market if you sell your bitcoins and wait for dumping it will be better because dumping will happen before or after market halving and market will go up again before bull market so if you can practice in time. Then surely you can achieve more success.

It should depend on your plans and what you have thought about your holdings from the beginning. As you mentioned, you and your wife wanted to buy a house with the money and possibly retire early with your Bitcoin investments, so your plan should be based on your targets and your selling strategy should give you enough returns for you to fulfill your wishes. If you think the strategy you have can give you the desired returns, you should go for it.

If I was to suggest something regarding your situation based on your goals and targets, I would never suggest you to sell your Bitcoins using a reverse DCA method but I would suggest that you hold all your assets and wait for Bitcoin to top its price of this cycle and then you should sell when you see that it has started dropping after reaching a certain point.

IMHO in this case we will not feel a loss regardless of whether it is a market expert or not because seeing from the initial benchmark from what the OP said he had determined the selling point where he would sell his bitcoin gradually which means he was very profitable when the bitcoin price was at the value that was determined to be sold in the initial planning.
As for when bitcoin eventually declines then it is not a problem but the strategy changes slightly where the original fikus in sales becomes focused on buying and waiting back until the price we set to sell again.

This is a strategy that can still be done in my opinion although there will certainly be some people who will disagree with this but what I feel at this time as long as you invest and sell bitcoin there and get a profit then it is not a failure.

When to sell bitcoin doesn't have a particular time, some people can buy bitcoin and allow it to stay as they like before they can sell their bitcoin, let us know that everyone have a particular duration that is convenient for them to sell their bitcoin, so it's good for we to understand bitcoin very well and know exactly when to  sell.

I don’t see any problem with OP’s strategy but I believe if he is certainly looking for  bigger returns, then selling his bitcoins all in when bitcoin bull run hits the market is the perfect time. That way, he will gain massive amount of profits in just one time selling. Now, when the market turns to bearish again, that’s the time he will start buying back again with a lower price and continue with DCA. Always follow the basic, buy low and sell high. With that, you will never go wrong with that simple strategy.

However, everyone has individual strategy when it comes to profiting from our own investments. I will not say follow this or follow that because not all that works for me works for you too. But as long as you never sell at a lower position, that may seem good enough.

True! We have the same view about our bitcoin holdings; even now that the bitcoin price is at $60k, I'm still not selling anything from my holdings. Why? Well, I want to sell some of my bitcoin if I feel that this is as far as the bitcoin bull run can reach, but right now it is not the time for that. Because I value my holdings, I don't want to sell them all because I still believe that bitcoin will increase even more in the future. At least if that happens, I have assets that I can be proud of, and I can be rewarded for that. Also,  I'm concerned about the community. If many investors already sell their holdings, then surely there will be a price drop or dip in the bitcoin market, but the price is still stable at $60k and up, meaning many investors still keep on holding their assets. I may not have huge holdings, but profit is profit, and bitcoin is bitcoin.

Yes and remember anything can happen in the crypto market and if we someone want to get the best price, wait until the halving is over while all the coins are dumped based on previous history. We have to decide for ourselves or accept advice from experts regarding temporary price predictions because we face uncertainty at this time. I think, if the main coin was dumped or pumped, the other coins on the market would also be in the same condition right now. This is where strategy is needed and we will be able to monitor and navigate the market well if we don't wait and be patient for quite a long time.

Look when you plan that to happen mate and look how much Bitcoin price now it is nearing to break 100k CAD so are you still planning that ? or at least reconsider your decision and instead wait for at least next year to not just put a down  payment for your dream house instead to buy it completely?
remember that there are lot of risk but the fruit is worth it if happens.

You haven't shared too many personal details with which people can identify in real life. So, you have nothing to worry about. It is good that you understand the importance of being anonymous. Do not share your wallet address or any personal details that may hard your online or real life. I understand that you are looking for advises. But, people won't be able to give you best advises without knowing your situation and it's not wise to share your personal things online. So, it's better to do your own research and figure out what you should do to take maximum profit.

I know the US housing market is on a bubble and will burst so I would think that the CAD market would be somewhat alike.  It would be ashame to sell when we have some to go in BTC and buy high in the housing.

The tax implications and things such as a trust and all you need a pro advisor.

For you to make a profit for any of your investment you have to understand went to invest and then went to invest and before you will make a profit you can only invest when the price is on the bearish market and expecting for the price to increase before you say in order to make a huge profit so Many of us who is investor does not know the actual timing of investing in Bitcoin for we to make a profit, They just target whenever the price of Bitcoin is getting increased is when they will decide to invest thinking that that is the opportunity or best time for we to invest and make a profit.

Yes you are right that mate we cannot  predict the movement of the market which means we can not say that tomorrow the price of a coin that we hold will increase.  That's the reason why In crypto we should take good care of our coins we need to analyze if and double check when we gonna buy and when we gonna sell our coins in order to have a good and huge profit. Anyways  we have different perspective in mind so it's up to us if we gonna do it or not.

Like those that picked $70,000 before they can release their Bitcoin to the market, they will definitely see it very soon because the price of Bitcoin has gotten to $68,321 which is the sign that it will continue increasing but it will not reach $100,000 before it will return back to bearish season again. Anyone that will pick 125,000 will not see that price from the market this year 2024, but it will definitely appear in the next bullish market but it will be difficult for investors to experience it in this new bullish market that started few weeks ago. The most important in your strategies is to ensure you take a reliable income at the end, because that is what will give you happiness.

Well it is always good idea for us to take profits in crypto when we can do it. The Bitcoin market is so volatile and we see so many swings it is smart to take some profits.
And then we can use those profits to buy more coins. This is something I really do like about being bitcoin hodler. We can do trades and then invest more fiat into our coins at any time and do it fast.

I always admire those with a good plan.
The good plan here is the profit taking you seam to achieve.
 Am sure our dear OP has been taking in some profits no matter how small, but if the fear that all might be lost is inherently causing the FUD or the decision to withdraw and reinvest some of the profit into other necessities and investments and then to adopt a better and more reliable strategy to increase profit in the long run from now when you start to HoDL, then I applaud your effort and the great comments on the best strategies to use so far given.

Bitcoin sure has a good store value as well can act as a hedge over inflation in some cases and for the fact that the bullish season is gearing up as well as the fact that one can easily get some BTC for as low as a few Sats, makes it a good coin that one can try a DCA strategy with and be consistent and disciplined about doing so.

Your method is DCA selling. This is a quite effective and safe method, helping us avoid fear and fomo when the price continues to increase after we sell out. It gives us the mentality that we always have Bitcoin, no matter how much the price continues to rise, we still have Bitcoin to sell. However, actually doing this is quite difficult, it requires discipline as well as good psychology to do exactly what you set out to do. I have experienced the market's hot growth period in 2021, so I know well the feeling of holding Bitcoin whose price keeps increasing. Sell ​​out or continue to hold? If you sell a little, it's not worth much. If don't sell, what if it drops tomorrow? Many questions and decisions kept popping up in my head, making me really confused at that time, and I sold them all when Bitcoin price was only 35k USD.
Then came a period of real regret when the price continuously increased, nearly double the price I sold it for. Coincidentally, in this cycle I also plan to apply the DCA selling method as you mentioned, and hope I can maintain a strong mentality to not be swept away by the market's madness like before

Everyone has different strategies according to their own lives. Maybe your plan is good but not necessarily good for other people and vice versa. In my opinion, a good strategy is to sell when the price of Bitcoin goes up and wait when the price of Bitcoin goes down, then buy again. That's all. It's easy for me to take advantage of Bitcoin as long as I patiently wait for a long time.

     If it's really a profit, why not? Do the plan you want, and I don't see anything wrong with that. But if I'm the only one who has to wait for the 100k for each bitcoin before I sell it, then your withdrawal plan every week should still be done.

     This is just in my opinion, so that's more profit, and most people see that 100k$ each of bitcoin can be achieved in a few months now, especially since most institutional investors continue to buy Bitcoin in reality.

  Though many traders don't know it, a profit taking strategy is a crucial part of the trading process. Knowing when to exit a trade when in the green is one of the tougher objectives for traders and investors to understand. Some will close their position in one go, while others will look to partially close their position as it moves in their favour. Some traders are likely to set the take profit targets based on technical analysis, while others use a fixed target (for example, in pips or $ value) or might follow their gut feeling (for example, if news comes out that affects their open position). Trading psychology is one of the most difficult parts - if not the most difficult - to master in trading. To achieve consistency, discipline and improve your risk management skills, it is important to set rules and to have a clear plan what you want to do and achieve.
  The HODL strategy for taking profits in crypto also leaves a heap of coins on the table. Even more than with stocks and other investments, coins go through a number of peaks and valleys before arriving at a particular price. Investors who know how and when to take crypto profits can take advantage of these rises and dips and increase their pot by a substantial amount of coin, while taking profits along the way. It's important to note that profit-taking is not a guarantee of future success and that there is always the risk of losing money in the cryptocurrency market. As with any investment strategy, it's crucial to thoroughly research and understand the market before making any decisions. Additionally, it's important to have a well-defined investment plan and stick to it, rather than making impulsive decisions based on short-term market movements.

In investing, of course each person has a different strategy from other people in achieving their investment targets and of course they have very good mastery of the field they invest in so that they can make a profit on their investment and if indeed you can know when is the right time for Bitcoin to rise and also down, of course it will be very easy for you to get a profit from what you invest, but because the price of Bitcoin is very difficult to predict, I think it would be better for us to collect it gradually and hold it for a long period of time to be able to make a profit from holding a number of Bitcoins.

Investment is an activity to spend your money, buy something, hold it, and at the end, to get profit.

So taking profit from your investment is a good practice but how to do it to get profit but still ensure that you will gain more profit in future is a hard task.

Michael Saylor Interview: Why You NEED At Least 0.1 Bitcoin (2024) (https://www.youtube.com/watch?v=qBPtUf50XVg).

If you invested in bitcoin, and now you are getting good profit in digital number, like 200% ROI or higher, it's good if you take profit with 30% or 50% of your capital but as I list two main tasks.

Taking profit and enjoying it.
Ensuring that you will gain more profit in future.

After taking profit 30% or 50% of your capital, you can reserve the rest for higher prices of Bitcoin, for next 2 or 3 cycles till 2028 or 2032.

The interview above from Michael Saylor and his advice makes sense.

But OP is talking about profit taking meaning selling some while the price is really high , this is another type of strategy comparing to complete holding.
some use this to sell high then buying Low because we know that there is always trend and that made many uses that strategy now.
myself have this also and waiting for the dump these days.

Nice strategy i support your plan. op can sell his 1 bitcoin at once when it  hit $100k in his local money and buy a nice house and then hold the rest 0.5 bitcoin for long run. also he can invest by using DCA strategy from his regular income which you mentioned. because no one knows if the price of Bitcoin will go up or down after crossing $100k. so if the price of bitcoin falls again, then the op will suffer a lot and will have to refrain from buying the house.

Yeah, I would have suggested you the same way. You can DCA in and DCA out. You won't be making your maximum profit, but you will be risking less. But if you can hold for long term and you won't be needing the money anytime soon and you don't want to deal with the market volatility or headaches, then just keep holding until you reach your profit goal. Like you said, you are waiting for the price to reach $100k CAD (which I guess is around $75k USD? Then keep holding it until you reach your goal. While you hold, you can keep on investing without worrying about the current price. Once it hits your target, you can take like 75% of your profit and hold the rest while choosing a new target.

People shouldn't be forcing their strategy on others, there's already a proven strategy that never fails anyone that uses it which is to hodl Bitcoin so why are others trying to invent their own strategy and forcing it down on others. We're concentrating on the wrong thing here, the focus should be more on how to buy Bitcoin. We have to speak more about the different strategy that new investors should be using to accumulate Bitcoin and not how they should be selling. You don't sell a rare precious stone (asset) which is what Bitcoin is.

Trying to time the market doesn't favour everyone but hodling favours everyone, you don't need special talents or knowledge to hodl Bitcoin but not knowing how to time the market perfectly can make you to lose you Bitcoin and getting it back will cost you more. What's the reason for taking profits (selling your Bitcoin) is it that you need the money or you're just trying to outsmart the market? Let it be known that the smart investors aren't those trading the markets but those quietly buying as many Bitcoin that they can get their hands on like Michael Saylor (MicroStrategy).

In my own opinion, the best profit taking strategy is making a Long term investment with bitcoin. just imagine investing in bitcoin when the value was low and you're patient enough to hold on to it till this time, I'm pretty sure that the profit will be massive, because bitcoin investment isn't what you just invest probably after investing you begin to expect profit to come anytime soon. as Investor if you really need to get profited from investing in bitcoin, you have to make a long term investment with it,but always remember to invest what you can afford even if you lose.

Indeed, this is necessary to at least survive in the long term and stay in the mainstream by using BTC as an investment option. As stated by @CryptopreneurBrainboss Smart people always read opportunities to buy BTC and the current correction is also a momentum for them to buy and increase their ownership of BTC assets.

Well, I'm sure, with good governance we can also make a lot of profits in the future like them even though the nominal amount of our BTC holdings is much different and it seems like the market is almost approaching its peak where the halving is getting closer in sight. I think for this moment, everyone must have their own tips, tricks and strategies for welcoming this moment, whether by using DCA or other techniques that they feel are the safest, most comfortable and suitable to use. the important thing is that we can continue to buy BTC as much as we can.

But if you have 1.5 bitcoins you should definitely keep it. And if you decide to sell too soon, you'd be wrong. The current month of March is the month before the halving takes place. The halving will start in April, the year after the halving 2025 there is a Bitcoin bull market. If you can wait till 2025 then surely you can sell bitcoin at 150k plus dollar price. So I think you will benefit the most if you decide to stop selling Bitcoin at present and continue your hold until 2025.

If you want to earn profit from bitcoin you have to invest in bitcoin at different stages and for different periods. After investing you have to hold it when the price of bitcoin goes to the highest level in 2 to 4 years. You can also do other things that are related to bitcoin and do other things that bitcoin supports. You can make a weekly or monthly plan with bitcoin which investment you are willing or able to such as weekly or monthly conversion of some money into bitcoin.

The possible strategy to see profits in bitcoin is essential, for now stay in Hold mode and that's it, unless you want to make a trade seeing the ups and downs of the market, but that puts my money at risk, I didn't, I'm more go to the safe ones, try to buy if the price drops more, don't buy everything, but wait, because if the market goes down more then there are many more satoshis, and that increases my money, we have to value the satoshis a lot, for me that Things when they are of this style must be very well biased towards what is possible and that it is safe, to take the funds what I recommend is when the bitcoin is or reaches more than $100k, but I see that a much higher price can happen high it can take.

I respect those who want to take profits now, but this is just beginning, and things could get more exciting.

If you are not sure about the conditions that will occur then it is better to make a sales percentage so that you don't have to think about many things in bullish market conditions. No one is able to make definite predictions about the price of Bitcoin as the market progresses, but people can take the closest price as a step to predict the next price because that is actually how someone makes price predictions.

The DCA method can be applied in any condition to take a fixed accumulation and people don't need to think about the purchase price at what position. Because the most important thing is that we can accumulate consistently at all times even though the market is experiencing price increases.

I am more considering how to accumulate purchases because talking about profits we can wait for ATH. In fact, what we need to think about is how to collect bitcoins because if we just wait for the decline then we cannot collect bitcoins gradually for a certain moment. DCA is still a good strategy to implement because we don't need to wait for the price to buy and when it can be done consistently the assets will definitely increase slowly.

With that amount of bitcoin, I am sure that you can achieve your goals.


To be honest this does not seem too much of a good idea. Well I see the logic behind it but it’s not the best execution why? Because you never when the cycle will dip and if you had already planned on buying something at a specific time then you might not be able to pay it off with only that much sats (satoshis) you wouldn’t want to be cornered into an emergency and suddenly sell your bitcoin at a wrong time just to pay something

There are so many strategies we can follow and we can also create our own whether we are traders or investors. Many of us are in the space to make money for ourselves and live a God lifestyle. Whatever strategy or pattern we can follow to make money in the market, we need to follow it so that we can get what we wants from the market without spending more than we supposed.

There are people spending more on a daily just to get signals and strategies that would help them make money from the cryptocurrency space. It is important we know what we are doing and endeavor we achieve our aims without limits. There is time so we don't have to see it like we are late in the market. The space is big enough for anyone to make money from cryptocurrency.

The strategy for making a profit from investing in Bitcoin is to be patient and persistent, don't be rash in drawing conclusions, for example releasing Bitcoin without careful calculation. This can only be done by people who will regret it in the future, but for people who are patient and don't be careless, they will make a profit by investing in Bitcoin.

But do you have any evidence assuring OP that bitcoin will reach $150k after halving? Or is what you say just your prediction like everyone else and it may or may not happen? We all expect a bigger bull market after the halving but we have nothing to guarantee it. Furthermore, there is nothing wrong with setting investment goals as long as you are satisfied with the returns you have set. If OP sells bitcoin at the current price and is satisfied with the profit he receives, there is nothing wrong.

By having patience in investing in Bitcoin, we will be able to analyze the market well to be able to make the right decision on the investment we make, because when we make a decision in a hurry, the decision we make may not necessarily provide a profit on the investment. what we do, so it is important for us to be able to analyze well so that we can make the right decision on the investment we make and will be able to get a profit on that investment and everyone has a different strategy for getting a profit on their investment and the best thing that can be We do this to be able to make a profit in the way you have mentioned. We have to be patient in deciding something related to the investment we make.

Just have a lot of patience. Bitcoin is not easy as it looks. If I am gonna take serious and gonna spend my time in here and gonna focus in the market im gonna read a lot of strats and gonna focus on how to read charts. But for now i am fine holding it and not gonna bother wheter it goes up of down.

Your plan to sell a portion of your Bitcoin as the price rises seems like a sensible strategy to lock in profits while still retaining exposure to potential gains. Just be sure to consider your long-term goals, risk tolerance, and potential tax implications. Staying informed and seeking advice from professionals can help you navigate the market effectively. Good luck with your investment journey!

If you want to hodl everything in BTC before you can sell, you will miss it all because anything can happen that will make market price to remain low or disappear from the market because we know that BTC will not live forever, so why do you want to hodl everything before you can sell your BTC to achieve everything.

If it is the capital to start a business you will achieve from the hodling, you are good to release the BTC to get the capital and still continue to use every opportunity to buy BTC when the price is low, so that you will still look for way to achieve another thing from your BTC investment.

You have also made a pretty good choice by just holding it without any influence from the rise and fall of the price of the asset you hold. Because those who like to hold and also like to trade with things other than Bitcoin will certainly choose a different method from you because they basically also really need a way to read charts. And also how to analyze the market so that you don't act wrongly when there are changes in the market that can make you profit, so everyone certainly has their own focus and strategy in responding to this at a certain time.

I'm not even thinking about the profits with my gradual selling and now you've reinforced the fact that I'm going to be getting more than what I've paid for, I just knew that the longer I hodl, that I'd be making more profit since I've got a target price to sell and then the fact that I've been hodling for a long time means I'm guaranteed a profit at the least. I don't even think I'll sell for losses, I've bought about 75% of my bitcoin below 20k USD so I'm not sure I'm going to be losing even if I sell right now. I can never do that bullrun thing though because I'm not good at predictions and concluding that this is the peak, that's why I've set a concrete goal, much better to follow and I know exactly what I want and no doubts about selling when the price is pumping.

Yes. I think this is a reasonable strategy. And actually, when I read the topic, what came into my head is exactly what you are narrating. One reason why this is a good strategy is that you end up selling at different prices. So if Bitcoin is 100k CAD, and you sell the quantity you said, if it happens that the price goes to 120k CAD, you’ll sell again and you will not feel left out of price increments because you are gradually selling.

To add to this you have said, Bitcoin investment take home profit is not what we need to be too hasty about, when we invest and earn profit for the first time, you should not touch the money, but instead reinvest and do that for consecutive times before you can start to be taking from the subsequent earned profits, this will happen in such a way that whenever you're taking from the investment made, you are indirectly spending from the profits realized and the investment capital remains unaffected, just as a new venture can't be taken money from except if established.

In simple terms, a crypto take profit strategy is an investment strategy whereby you buy into a crypto currency when the price is low and sell when the price has risen to your desired level, thus "taking profits". 
This strategy can be used with any type of crypto currency, from Bitcoin to lesser known altcoin. By using this strategy, you'll avoid the emotional side of investment, which can often lead people do either sell too early or hold onto their investment for too long.
This strategy takes advantage of market cycles, which means that you'll be able to buy low and sell high on a regular basis if you stick to it.

I don't really know about much strategies but we can likewise make money for ourselves if we can listen to the Bitcoin fundamentals. There is money to be made in the market and the only we could go about that is when we check for latest news about Bitcoin. Just like now that everyone is waiting for the Bitcoin halving which is a hof reason for us to make profits from the market if we can hold and keep holding till that time comes. Fundamentals just like listening to news is one of the ways we could benefit from buying and holding Bitcoin. There is no need to try to trade it since holding can be very profitable.

You will win with Bitcoin fundamentals, it is a great option. The truth is that I had not been able to assimilate something like that, because a fundamental thing is when things basically go to a very extreme degree , whether it is news, an event, generally it is always something that makes things go down and falls. the market, like covid-19, when it came out all the markets fell and that was something that generated a lot of panic, maybe there you will enter the market downwards if you win with a good flattening and hitting very hard, maybe that way Yes , but it is difficult and it must be done very quickly to anticipate the movement.

On many occasions things can be efficient, if we are Trying to see things from a very external point of view where we almost never have much action with the market.

There’s no need to trade it when holding is profitable, but how long will you be holding for? Till eternity? Till a century is gone? From what I understand, the OP is already in gain but has a target price. And when it gets there, instead of selling all he has and taking the profit, he wants to rather slowly sell it. Which will give room to still benefit from further price increase.

If you plan selling 0.01 BTC, or a little more, per week, it's going to take forever to sell 1.5 BTC: even if you sell 0.015 per week it means that it would require 100 weeks to sell them all. 100 weeks is pretty much 2 years, by that time we'll probably be in bear market again. Your plan is not bad at all but if you actually want to sell you should do it in a couple of months or little more, not in 2 years.

It depends at what price did he buy the bitcoins? because there is no guarantee that bear season will return in the next 2 years and the price of bitcoin will fall below the price he bought it at or will continue to rise higher in the next 2 years? Have you noticed that since the introduction of the bitcoin ETF, things have become more and more unpredictable and do we still have a 4 year cycle?
Everyone should have their own investment plan and always follow the market, we should limit giving advice to others because things are becoming more unpredictable.

It's a good and reasonable strategy, that way you're not missing out in the case that bitcoin continues to pump, what day of the week would you be selling though? That can be a problem if you plan to sell on weekends, and if you've got a day set in a week, I suggest that you don't do that and be flexible, see what day of the week you're going to need the money the most or compare that to the last week that you've sold your 0.01, that way you can see whether you're selling for more profit or not. Given the strategy that you've laid out, I don't think that there's not a lot of things you need to consider, you said that it's a reverse of DCA, you got to just do it like how you do it with DCA.

Everyone who invests in Bitcoin has the objective of making a profit by investing. Although the main objective of investors is to earn profit by investing, investors usually adopt different strategies to earn profit. Many investors use different strategies when it comes to investing in Bitcoin and holding that investment in Bitcoin for a long time and some strategies are difficult for some investors and some strategies are easy for others. l Considering the simple and the difficult, the strategy that feels right to the investor is the one that they adopt. There are some investors who do not consider it safe to hold their investments for a long period of time rather they try to make a small profit by making a few investments during that long period. Again there are some investors who are not satisfied with small profits so they maintain their investment consistency and hold that investment for a long period of time. There is no problem that your strategy may be different when it comes to investment but we must adopt the right strategy.

Rule 1 of bitcoin: Never sell (in large quantities/all of it)

My 1st advise to you:

Use bitcoin to get a loan.

Pay as little as possible to make loan happy.

Profit from bitcoin rise.

Perhaps re-loan.

My 2st advise:

Bitcoin risky/too high price 70k, sell 50% and buy vite at 0.0x cents a coin.

Enjoy x factors in future

Investing is a very subjective concept in which what works for you may not work well for others.

This is because we have different economic conditions as well as goals and priorities. This is why you shouldn’t just blindly listen to other people’s advice because you need to make sure that it is right for you.

Good trade management will result in calm trading patterns. But, it is true that we also have to make a balance as you said, it does seem simple when we look at it, but if it is not calculated carefully, it has a slight uncomfortable effect in the end.

For the pattern, the OP above is good, just sharpen it by looking at where the market trend will lead and for the current market situation, it feels quite appropriate if you really want to collect more BTC back.

By having 1.5 BTC, he can sell it at $100k later after the bitcoin price rallies. But he has a good plan to sell his bitcoins gradually. It all depends on each person's plans, and we shouldn't be too greedy, so we don't wait in vain. Many people hope to sell at the highest price, but unfortunately, they cannot see the situation and conditions that exist in the market. That makes it too late for them to sell their bitcoin at the highest price. So try to sell the bitcoin when it reaches its highest price gradually so that you don't miss out on selling bitcoin.

If you already have a target to sell at what price, maybe you already have the decision to sell Bitcoin. But if the price you want has not been reached then wait until the price is reached. You can also make a percentage of sales and you can hold the remaining portion for the next ATH.

That sounds pretty good regarding the plans you want to carry out, but you don't need to buy a house using installments. If you know how Bitcoin can provide benefits, then invest according to the money you have, then when Bitcoin gets the next ATH you can buy a house in cash. Buying a house in installments can be a bit of a problem for you because the price of bitcoin is uncertain and if you have no other source of income then it is impossible to cover the house installments by selling bitcoin holdings at any time.

I don't think that a reverse DCA method is the best approach to profit taking. You seem to have a fixed price when you want to start taking profits. Why not just take all the profit you want to have and enjoy it? Spreading out your coin selling over a longer period of time implies that you expect a still rising price of which you want to participate. Why not keep your coins longer than? The thing with reach new ATHs is that many people want to take profits. Especially with a new milestone like 100k I would expect many people to sell some, which should lead to falling prices in the week afterwards.

That's not necessarily a bad idea because as we all know bitcoin is unpredictable, no one can know where the bottom or top is. But everyone doesn't want to miss out on buying the lowest price and selling the highest price, and that's why people think the DCA strategy is the best. And I also find it quite interesting to use reverse DCA like OP to take profits.


Each person has a different mindset and investment strategy. As long as we feel satisfied with our plan, we should carry it out without concern or criticism of others. Because there is no guarantee that our plan will be better than theirs and there is no guarantee that we will make more profit than them.

If you are a long-term holder of Bitcoin, you can earn in the future. The only strategy to do is hold Bitcoin and nothing else. So I don't understand what other strategies op is talking about. Because if you are not a long-term holder, you will enter in the short-term to get a profit.

So that means it depends on the choice we make as a trader or investor or holder. Maybe it's just that easy so that we can easily understand these situations.