Don’t fall into the take profit trap $118.8k isn’t it.

[Odusko]

Do people still take profits this days, I don't think so and for that we shouldn't be so moved by the temporary market reactions in whatever direction since in most cases it will just be for sometimes before we witness another price record, so let say I took profits when Bitcoin did the 100k all time high, by now I will be regretting my actions and be saying hard I known I could have waited longer for more profits, so for that we should come to a point where all time high price don't move us so much, to the point of taking action by selling our Bitcoin or other assets.

[bitzizzix]

In fact, it's their right, because the decision to take profits or hold them after reaching an ATH is a personal one. There's nothing wrong with taking profits or just taking a portion, and some also aim to secure their profits. We'll never know, and we don't need to know, their reasons for doing so, because that's their right.
And what we need to know is that this will always happen when ATHs occur, and there's no need to argue, because each has their own goals and strategies. When there's selling, there's always buying, or there will also be people accumulating more Bitcoin because that's the best moment and can also push the price up again, and this will continue to happen.

And for example, I always treat Bitcoin for the long term. I have good intentions or goals, and if Bitcoin reaches a new ATH, I want to sell some of the profits I've made. I've done this before when Bitcoin reached ATHs. I sold some of my profits to renovate my house, buy a vehicle, or buy a piece of land because those are also good long-term investments, and so on. Because I can only do that and make it happen thanks to Bitcoin, and only Bitcoin. So, we really have to maximize it for what we want or other interests, and our goals remain long-term, and we continue to accumulate it, and I think it's balanced. I also have a Bitcoin business, and some of the profits go toward buying Bitcoin, which I do regularly.

[EL MOHA]

It is reasonable not to sell for just a minimal profits since it's significant to whatever it can be use for will be very small, selling to buy back is a complete waste of time, it might be truth that everyone has their profits targets but taken decision that can be regretted should be avoided, some who sold at their profits target in the time past seeing where Bitcoin has gotten to today can be full of regrets for most people that sold back then, it is true about people not starting the journey at the same time and of course with different inputs but however, if any one can do whatever they like with the value of their Bitcoin then such decision making should also be accounted for by accepting the responsibilities of their actions.

There is never a period where profit taming wouldn’t have been regretted if at all we are looking at the bitcoin market price in future because bitcoin will definitely increase in future. Not taking profit just because you feel that the market will go up is simply saying you should never take profits again because bitcoin market currently is looking to be going up with just some bearish moments within each run ups. For me if you have a particular profit target why not just execute your plan and stop chasing the market because many people are saying bitcoin will get to $150k or even higher. There is no loss in taking profit but just be sure to know where the profit taken is heading too.

Do people still take profits this days, I don't think so and for that we shouldn't be so moved by the temporary market reactions in whatever direction since in most cases it will just be for sometimes before we witness another price record, so let say I took profits when Bitcoin did the 100k all time high, by now I will be regretting my actions and be saying hard I known I could have waited longer for more profits, so for that we should come to a point where all time high price don't move us so much, to the point of taking action by selling our Bitcoin or other assets.

I will say stick to your plan and don’t chase the market, many all time high will still be coming to bitcoin. My opinion has always been Everyone should have his target and not following the general market. Yes many people still take profit, we all have different target, one person can have is target to be at $120k which is not bad, some can be $150k while others can be even way above my advice is take the profit but don’t go and leave your money on inflationary assets or devaluing assets.

[justdimin]

3-4 times of return is already a great sale. We're in it to profit on this market but we just have different goals and that's why others are encouraging to hold more and they're giving a good suggestion.

And that's about selling when you have to and if you have nothing to spend it for then just leave your BTCs alone and plan something until you decide to sell.

It will take a while until we see some great price again for BTC because this is once in a life time opportunity and people who have sold might have hard time in buying one again for themselves.

We could have made nearly x6 profit from this increase for example. The price was 20k or lower back in 2022, so that means our bottom was 20k and less. We have peaked at near 120k, that means we could had x6 return. For some people, they invest so much of their entire money that, it would definitely make a lot of sense for people to just get out without a doubt.

There aren't really any big increases right now that is coming, it has to be very careful that we can do for the long term. If we can do that, like get out at the right time after there isn't any big increase left, then we would be happy. We are at 120k, so we know x6 more isn't coming, not even x2 is coming, so we can safely sell, wait for it to crash, on the bear run, and then we can do a better job.

[irhact]

Do people still take profits this days, I don't think so and for that we shouldn't be so moved by the temporary market reactions in whatever direction since in most cases it will just be for sometimes before we witness another price record, so let say I took profits when Bitcoin did the 100k all time high, by now I will be regretting my actions and be saying hard I known I could have waited longer for more profits, so for that we should come to a point where all time high price don't move us so much, to the point of taking action by selling our Bitcoin or other assets.

People that sold Bitcoin at $100,000 don't have to be regretting as the price is now above $100,000. What matters is if they made profit when they were selling as with profits, you didn't lose and don't have to bother about how far the market is getting to go. Being an investor, you should always be following your investment plans and not get easily deceive into holding more than you wanted to or sell before the price gets to your target. You can only do this on some special occasions when you have no choice but to go ahead with selling or holding. Bitcoin is still going to fall below $100,000 again therefore if you have sold at that price, just wait for the market to fall down and buy again while keeping your capital secured.

[_BlackStar]

-snip-

3-4 times of return is already a great sale. We're in it to profit on this market but we just have different goals and that's why others are encouraging to hold more and they're giving a good suggestion.

And that's about selling when you have to and if you have nothing to spend it for then just leave your BTCs alone and plan something until you decide to sell.

It will take a while until we see some great price again for BTC because this is once in a life time opportunity and people who have sold might have hard time in buying one again for themselves.

Since bitcoin prices are always fluctuating - then believe me, we will all have the opportunity to buy low and sell high. Someone who sold at $123K could buy back at $117K - they make a profit, while accumulating more bitcoin. It depends on how much return each individual expects - but if it were me, as long as I still don't want to sell then I would keep holding.

Of course, earning 3-4 times the return is great for an investor - but only a few actually achieve it. I haven't earned that much from Bitcoin myself - and you probably haven't either, unless you bought it way before me and never sold it at all.

[sunsilk]

We could have made nearly x6 profit from this increase for example. The price was 20k or lower back in 2022, so that means our bottom was 20k and less. We have peaked at near 120k, that means we could had x6 return. For some people, they invest so much of their entire money that, it would definitely make a lot of sense for people to just get out without a doubt.

There aren't really any big increases right now that is coming, it has to be very careful that we can do for the long term. If we can do that, like get out at the right time after there isn't any big increase left, then we would be happy. We are at 120k, so we know x6 more isn't coming, not even x2 is coming, so we can safely sell, wait for it to crash, on the bear run, and then we can do a better job.

That is true, no more big increases that will come and that's why those who are able to make x6 since 2022 or even more have to enjoy what they have now.

But that's for them to decide and we can't stop them from doing so if that's enough already on them.

As for the x2, it might possibly come at this price but it might take a couple more bull runs and that's the next cycle.

Since bitcoin prices are always fluctuating - then believe me, we will all have the opportunity to buy low and sell high. Someone who sold at $123K could buy back at $117K - they make a profit, while accumulating more bitcoin. It depends on how much return each individual expects - but if it were me, as long as I still don't want to sell then I would keep holding.

Of course, earning 3-4 times the return is great for an investor - but only a few actually achieve it. I haven't earned that much from Bitcoin myself - and you probably haven't either, unless you bought it way before me and never sold it at all.

I made that much from holding Bitcoin and that's why I am continuing in getting more so that, I can take back those Bitcoins that I've sold.

3-4x is great but once we get there, it's going to start to make us that we want more and that's the reason we won't settle on these cycles without having anything.

[I_Anime]

Always bet on greed, people will hold forever because they want more.

It's hard not to exploit this, and the herd mentality that likes to follow rich people.

Meanwhile, my old friend Michael will sell everything at some point and live happily ever after, while ordinary folks will drown.  

Never count the money when you're at the table.

Everyone who wants to get rich instead of pursuing utility and simply using it is being played.

Not once in the whole history of the world has anyone become rich by following the herd or by copying a rich person.

If it is a car? It is not as smart as buying a home but it is still close as long as it is not a luxury car which I consider a liability.

There's nothing wrong with using money to live the life, remember that the most valuable asset is time. You can't buy more of it, and every day you're losing it.

Have fun while you can and don't look back, that's my advice.

I won’t say is greed not everyone was familiar to bitcoin during its early stage , now bitcoin quite expensive is not everyone that can afford a bitcoin once , so they had to go into dca hoping to build some thing nice at of the little quantity they are accumulating, you just see a post on X and then you conclude strategy are going to sell their coins , those guys are ready to hold for long , and if comes to the worse they sold their bitcoin, bitcoin will only bleed for a while but it won’t crash it nor stop it from growing .

[Odusko]

It depends on what the person had in mind for their investments. Some people have a specific price they're waiting for to take profit, so when that time comes, I see nothing wrong in taking profit at that point. I don't believe Bitcoin is ever going to have a peak. I mean a price that it can't get past, not in the next 50 years at least, in my opinion, so when will be the right time to take profit? The right time for another person may not be the right time for me because we have different things in mind when we invest.

As long as it was a calculated and thought-out time to take profit, I don't see a problem. The problem is when they take profit out of FUD or out of panic, and even at that, I don't entirely blame them. You can't be certain which way bitcoin will go, and if it goes down, you can't tell how long before it gets to another ATH again.

Not taking profits sometimes could be a dumb thing to do and by not taking profits at regular intervals you may be doing yourself no good at that point because the Bitcoin market is frequently changing and at that you may have a high price of $118k per Bitcoin today and tomorrow the price slide down below that $118k at that period you have lost all the previous accumulated profits, although it risky and we can't tell which direction the market is headed so we are left in the middle, that is the reason we say cryptocurrency investment should be for long term investments Bitcoin have a good potential of future growth.

[Danica22]

People that sold Bitcoin at $100,000 don't have to be regretting as the price is now above $100,000. What matters is if they made profit when they were selling as with profits, you didn't lose and don't have to bother about how far the market is getting to go. Being an investor, you should always be following your investment plans and not get easily deceive into holding more than you wanted to or sell before the price gets to your target. You can only do this on some special occasions when you have no choice but to go ahead with selling or holding.

Yes, as long as we have made a profit and achieved our goals, there is no regret in selling bitcoin at $100k or any other price. If we regret selling bitcoin at $100k and then bitcoin goes up to $123k, we will also regret selling at $123k because that is definitely not bitcoin's final ATH.
People who cannot control their greed and do not stick to the plan, even if they sell bitcoin for $1 million, they will still feel regret.

Bitcoin is still going to fall below $100,000 again therefore if you have sold at that price, just wait for the market to fall down and buy again while keeping your capital secured.

Even if bitcoin price does not drop below $100k, we always have a chance. Because Bitcoin price does not increase vertically, sooner or later it will be dumped at some point and that will be our opportunity to reinvest.

[virasog]

It depends on what the person had in mind for their investments. Some people have a specific price they're waiting for to take profit, so when that time comes, I see nothing wrong in taking profit at that point. I don't believe Bitcoin is ever going to have a peak. I mean a price that it can't get past, not in the next 50 years at least, in my opinion, so when will be the right time to take profit? The right time for another person may not be the right time for me because we have different things in mind when we invest.

As long as it was a calculated and thought-out time to take profit, I don't see a problem. The problem is when they take profit out of FUD or out of panic, and even at that, I don't entirely blame them. You can't be certain which way bitcoin will go, and if it goes down, you can't tell how long before it gets to another ATH again.

Not taking profits sometimes could be a dumb thing to do and by not taking profits at regular intervals you may be doing yourself no good at that point because the Bitcoin market is frequently changing and at that you may have a high price of $118k per Bitcoin today and tomorrow the price slide down below that $118k at that period you have lost all the previous accumulated profits, although it risky and we can't tell which direction the market is headed so we are left in the middle, that is the reason we say cryptocurrency investment should be for long term investments Bitcoin have a good potential of future growth.

Sometimes I think that there are times in the market where not taking profit sometimes can lead to a lot of profit but ofcourse there is a risk involvement. Maybe we are in that stage of the market where prices of Bitcoin and altcoin pumps very quickly and if you took profits early, you may miss out on major gains.

This moments do not come often so personally I wouldn't be taking profits at 118k or 119k and may look forward for Bitcoin to reach around 140K + in another one month or so. Then maybe we can take some profits but still wouldn't sell all.

[Awaklara]

This moments do not come often so personally I wouldn't be taking profits at 118k or 119k and may look forward for Bitcoin to reach around 140K + in another one month or so. Then maybe we can take some profits but still wouldn't sell all.

I'm sure every Bitcoin holder has their own target selling price. Selling at the current price is fine if that's their goal, especially for those who bought and held Bitcoin several years ago and are currently making a decent profit.
However, it's important to understand that when planning to buy more Bitcoin after selling, expectations may not be as high as the previous investment period. It's best to set aside some Bitcoin to hold if you want to sell. Anyone might regret selling all their Bitcoin without the opportunity to buy more.

[STT]

Its a local top not a wider or macro top, its quite clear if examining BTC price action on a regular basis.
  Right now BTC is in a fairly narrow range or corridor of movement, it cant be presumed that we resume upwards but theres no need to grasp doubts as if certain in their direction.   115k is the low of the range and 120k a top very roughly.

As has often happened before BTC goes sideways, it may attempt breaks out of this range with some energy that fail or turn back later to further confuse matters.   However for the moment its fairly clear in that confined space, consolidation or confirmation in this area is required and ultimately its a positive for BTC to explore with volume these prices before finding greater confirmation.

[AmaGold70]

It depends on what the person had in mind for their investments. Some people have a specific price they're waiting for to take profit, so when that time comes, I see nothing wrong in taking profit at that point. I don't believe Bitcoin is ever going to have a peak. I mean a price that it can't get past, not in the next 50 years at least, in my opinion, so when will be the right time to take profit? The right time for another person may not be the right time for me because we have different things in mind when we invest.

As long as it was a calculated and thought-out time to take profit, I don't see a problem. The problem is when they take profit out of FUD or out of panic, and even at that, I don't entirely blame them. You can't be certain which way bitcoin will go, and if it goes down, you can't tell how long before it gets to another ATH again.

Well spoken, your right time may not be my right time as everyone has their own choice to make. There's never an ultimate time to sell because Bitcoin's price will keep changing over and over again and everyone has different target, there are investors that sold when Bitcoin was at $100k and some investors even bought at $100k to sold at $118k and as long as they have made their profit to reinvest again I don't see anything wrong with that and even if new investors buy at the current price now there's still a chance that they will make profit in future.

[Leahized]

Well spoken, your right time may not be my right time as everyone has their own choice to make. There's never an ultimate time to sell because Bitcoin's price will keep changing over and over again and everyone has different target, there are investors that sold when Bitcoin was at $100k and some investors even bought at $100k to sold at $118k and as long as they have made their profit to reinvest again I don't see anything wrong with that and even if new investors buy at the current price now there's still a chance that they will make profit in future.

A person can buy Bitcoin at any time and is very normal when they sell BTC. As you say many people are selling in 100K and selling it at 118k, it is completely based on themselves. And we have seen in the past from 2012 to 2015. Then those who were Bitcoin Holder sold Bitcoin very limited. I believe that if they knew that the price of bitcoin would rise in the future, they would never sell Bitcoin. Moreover, Bitcoin will always be bone and everyone will sell Bitcoin at a very low profit because Bitcoin Holder never wants to lose. If anyone currently buys Bitcoin, then he needs patience. Because the Bitcoin market can now go to a bit of recession.

[Webetcoins]

Depends on their calculations as well. Some people sell when they are dealing with a ton of money for the time being.

So, we need to consider how things are changing so it needs to be personal and some people might be real and that should be a very important to focus on things are changing. This is obviously a great deal and could make a lot of money.

There isn't really a way to move forward with just "one" correct way of thinking, everyone has their own and you can't make a change out of it, you have to learn that. It's clear that we are not facing something that is simple, so you can't really have a solution for it to change.

The hopeful thing is simply just making sure that YOURS is correct for YOU, just do that and you will do fine.

[virasog]

I won’t say is greed not everyone was familiar to bitcoin during its early stage , now bitcoin quite expensive is not everyone that can afford a bitcoin once , so they had to go into dca hoping to build some thing nice at of the little quantity they are accumulating, you just see a post on X and then you conclude strategy are going to sell their coins , those guys are ready to hold for long , and if comes to the worse they sold their bitcoin, bitcoin will only bleed for a while but it won’t crash it nor stop it from growing .

For most people, getting a whole one bitcoin may not be easy, but still, one may get 0.1 BTC relatively easily. It is challenging due to its high price, and there is no chance that we can see bitcoin at lower prices like under 50,000$ or less.

However, if one sets his target to accumulate 0.1 BTC, that seems more realistic. By investing small amounts regularly via DCA monthly or weekly, you can gradually accumulate a portion of a Bitcoin without needing a large lump sum amount of fiat money at once. And if you are investing for long term, these price pumps should not make us sell our holdings.