What are your rules for profit taking

[Johnabraham]

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat

[1714833963]

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[1714833963]

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[1714833963]

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[AngelSky]

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat

If you deadly need of money, do not consider any situation and crash the bitcoin into cash without any thought. In the same time you have plan to take the bitcoin periodically there is no worth in it mate. In that cause you can hold the coins for long time.

Converting it to USDT is not a good idea if you are panic about the price dump instead of that you can hold it as bitcoin or ethereum. That is much safer than USDT because profit wil be in your hand for sure mate.

[Mometaskers]

I prefer to just hold. The thing is if you stocked up on btc and then started selling a bit regularly, you are betting that the price would drop much lower than what you bought your original stash for. I find it difficult to time with our local exchange because of the spread. It's about $200.

[Sahyadri]

Since no one can predict exactly how much the market would rise, so I prefer to withdraw half of my funds every time I see a fall. This cycle continues further and I keep withdrawing half until it reaches zero. There have been instances when I regretted selling my coins early since they multiplied more in future, but it is better to have some profit instead of taking losses. I won't say that my strategy is foolproof, but at least it doesn't result in you making losses out of your investments.
My friends follow a different strategy since they have risk taking abilities, but unfortunately I can only take little bit of risk and anything more than that makes me uneasy.

[KingScorpio]

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat

rule nr.1 beg god that bitcoin and cryptocurrencies will not destroy the national currency (usd) that you are calculating your profits in

[harizen]

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat

We have different approach in terms of selling so maybe you can't really get an answer that will fit your criteria. As for me, I really tend to hold no matter what's the trend is or massive shit happening around.

So when will I sell?

a) as soon as Im fine with the profit whatever it takes
b) as soon as I need cash

So basically no such thing as %%% here because most of the time, I do hold. Since I have gotten enough on my stash, I rarely do buybacks.

My suggestion: How about executing what's your on mind and see if that will give a good output to you. Really a must to test some methods in order to find a winning strategy.

P.S Only applies to bitcoin. I have different approach into altcoins and it will requires another discussion.

Maybe you should moved this thread to Trading Discussion.

[cryptorTUX]

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat

Do you understand that your tactic won't work always right. Having in mind that USDT is not really backed 1:1 by real USD dollar and thus could crush or whatever you shouldn't consider it the good tool to use at your advantage. You can do these kind of things but I will advise go for longer terms like during the last Heights if you sold during the price being 20-15 and bought back in 6-9 range you would profit in terms of accumulating more btc. Bit it is mich easier to talk about it than actually doing it. Of you don't know well don't lose your money, you could try to learn to watch patterns and such things but this game has a lot of stress in it.

[WorldBiz project]

It’s maybe lame but I prefer to hold till 100% increase

[dothebeats]

Rules are simple: 20% I keep, 80% stays in the bankroll, and as much as possible, I don't take my profits immediately whenever I don't need to but instead use it on other things or just let them sit on stand-by in case the price dips and I can buy immediately. Most of the time, people are eager to take their profits and use them in buying nonsense stuff that leads to being broke and losing all their hard-earned money. It feels good to reward yourself with something nice, yes, but thinking for rewards short-term loses you the chance to gain even higher in the long run.

[Xester]

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat

My strategy is simple and my method is the common method in trading and that is the long term trading. I will hold my bitcoins until it become triple or quadruple in value. When I bought bitcoin and earned bitcoin I usually dividing those bitcoins before doing anything. Some I will be placing on savings and others for trading and others for withdrawal. As time goes by  and as bitcoins value goes up and goes up my profit is increasing and increasing. I do just hope that I can construct a new house using those saved bitcoins.

[gadimbrut]

usually I take to the advantage of the difference between the purchase price and the selling price, if my prediction is wrong then I will choose to wait for the price back up, but have a high risk, but I sometimes choose the cut loss step to reduce losses.

[RodeoX]

Never sell. Spend and get the maximum return on profit.
I'm always surprised at how many people loose money swapping back and forth between fiat and bitcoin. They are just giving money away for no reason.

[bozo333]

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat

Crypto investment is one of the secure investment but few projects only supporting to long run. So I just invest in bitcoin because I have another source of income is enough to maintain my day to day life. I decide to hold for 2 years it will automatically growing in Crypto market. Finally I am exchange in 50 percentage of the investment and again I am holding my 50 percentage of investment.

[micher143]

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat

You're strategy is good because you will secure immediately some of your earnings but for a long term investment this will be not necessarily to do because for a long term investment you can only withdraw it if your investment will raise up to double or maybe triple your total investments. But for me I'll do diversify where in I allocated my investment s in two different coins and I do hold it and after it's reaching 50-100 % increase of it I will do sell half of it and converting it to fiat currency.

[narkiss]

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat

I sell only for fiat and I do not withdraw more than 205 of the invested amount. I have invested mainly in coins like bitcoin and ETH and this is for long term only.

[dado7]

Only straight to FIAT. I think it's best to set intermediary goals and on each withdraw about 30%.
I know that people like to convert to Bitcoin or Ethereum, but it's not really beating the market, is it?

[pxo.011]

my straight point or rules is buy low sell high and also investing in good ico.. working bounty campaigns and other stuff that is my way like the others.

[Simon Eaton]

I personally like to take out my initial investment once it has doubled and then I leave the rest in. Once that doubles take out another half and so on. Im not really into day trading tough to be honest. I think with day trading the margins you will be working on will be allot smaller. Allot of experienced day traders work on 5/7 very low percentage trades. They even go into the satoshi levels. Something I would recommend even if you don't day trade. There can be a very sizeable difference between 1cent and 2cents when thinking in terms of satoshi's  

[Luizrosevelt]

I have a strategy that I have used for a while and in my opinion works just fine. Basically, one has to know what one plans to achieve first before choosing a working strategy. My strategy is to build my bitcoin up through ICOs. I do proper research and select good projects and invest during ICO or when it rebounds. All things being equal, I take 50% profit between 5x and 10x. This profit is taken in bitcoin and held. I take another 20% to 30% from the project and reinvest into new ICOs with promising future leaving the remaining 20% to 30% held for a while depending on the project.
Therefore, most of my investments are towards building up my bitcoin which I in turn take profits only when it moons.

[lushlife]

Good day, discipline, I practice myself to set an entry point and an exit point, also be a little less greedy. that way you will likely less lose a trade and easier to set a profit.