Mistakes hodlers make

[ife2020]

btc has mooned a little bit, and suddenly we have self claimed analyzers almost everywhere claiming bitcoin is going to 10,000$ in May itself , small time now and a little bearish they will moan again,

the time they suppose make small profit from the greens; they are busy forecasting

Note: Taking your profit does not mean selling your entire portfolio; it means taking profit; retaining your capital
You can always buy back the low

[Mighty_crypt]

Buying low selling high is a very very nice wise move that I advice all crypto holders to engage in,don't just hold your coins when you can actually double or even triple them up in quantity ,its always wise to take profit while you can because no one knows tomorrow, the buy back trick won't hurt just give it a try

[qazgroup]

I agree with your point and i think taking profit is a good thing but the problem is that most hodlers are long term investors and they do not mind dips they are ready to wait for 3 to 5 years and even more to take life changing profit so i think they do have a valid point as well.

[Mpamaegbu]

How do you take profit for a minor rise such we have witnessed a few days now? I believe it's too early to do such, except to tether it in expectations that a crash will happen. If you take full profit now you will lose out later because whatever the crash now is just a correction. The trend for Bitcoin is bullish. Be careful selling.

[akitha]

buying low and selling high is the most effective way to take the profit i already did this for so many time and its true..prove and effective

[Thanasis]

btc has mooned a little bit, and suddenly we have self claimed analyzers almost everywhere claiming bitcoin is going to 10,000$ in May itself , small time now and a little bearish they will moan again,

the time they suppose make small profit from the greens; they are busy forecasting

Note: Taking your profit does not mean selling your entire portfolio; it means taking profit; retaining your capital
You can always buy back the low

It can be a mistake or worthy risk to take depends on the investment capital is affordable to lose or not.Its just normal habit of the people to go with the trend of others without their own risk so they just only believe their luck to make profits.

Taking profits at the right time is what everyone looking for which is at top most line of the chart,so they are not going to sell their profits as well.

[lyks15]

Yes you are right. In this industry we need to be practical and we don't need pride. We need have a great strategies. We don't need to hold too much to wait too much high price value because BTC is not consistend. Imagine while you are waiting to that digit you may loss your capital because of too much greed. Make sense dude you can take an small income with assurance rather than hoping to the high price that may result to loss.

[No One]

Instead of dreaming big and earning a big amount of money from the crypto market at this time, we should be content with small portion of profit. The market is still bearish and unlike in the past, there will not be any dramatic shift in prices of coins. Now the market is heading towards stability somehow. So we must be extra smart and trade coins smartly at this time.

[The Cryptovator]

Unfortunately altcoin holders are unable to take profit from this kind of trend. Because when bitcoin start sudden up then alts react negative. Almost alts are more than 50% dumped. So its not appropriate that you can get instant profit if you hold altcoin. Since you are posting on altcoin board, I am considering you are talking about altcoin. If you hold bitcoin then yes, you might get few profit and you might increase your total portfolio.

[bassbity]

Currently prices are going up, do you think this is good to buy? I think that's because it's buying low when it's high now.

[niisarearning]

Exactly you said the word taking profit always doesn’t mean that you have to sell off your entire portfolio. I sold some of my investments in profit and was waiting for bull run for remaining even if bearish trend happens if I have good faith on coin I will buy even some more.

[Docbee]

btc has mooned a little bit, and suddenly we have self claimed analyzers almost everywhere claiming bitcoin is going to 10,000$ in May itself , small time now and a little bearish they will moan again,

the time they suppose make small profit from the greens; they are busy forecasting

Note: Taking your profit does not mean selling your entire portfolio; it means taking profit; retaining your capital
You can always buy back the low

Yes it doesn't mean selling your enter portfolio, it takes someone to know when to buy in and when to sell to do what you explained and not everybody knows how to trade.

[Brainnin]

You are very right, selling when the market is green a little and getting small gain is better than waiting for the bull run and later sell during bearish market when you can no longer hold on to the dip.

[Red-Apple]

there is always newbies who think they understand the market and they always go overboard. bitcoin price is rising and will continue to rise but it won't go to the moon in a week. we are just getting started by first breaking the $6k resistance and then moving towards $7k and a couple of months later the $10k possibly by the end of the year.

the mistake that "hodlers" make is that during this time they bag hold altcoins although they are getting dumped against bitcoin.

[Psynthax]

btc has mooned a little bit, and suddenly we have self claimed analyzers almost everywhere claiming bitcoin is going to 10,000$ in May itself , small time now and a little bearish they will moan again,

the time they suppose make small profit from the greens; they are busy forecasting

Note: Taking your profit does not mean selling your entire portfolio; it means taking profit; retaining your capital
You can always buy back the low

But it's not true at all. that will work when you are wanna saving your portfolios and try to make some profits from there. i have sold all of my bitcoin when it was 20k and then buy back bitcoin when it gets decreased to the 3k rate. in fact, that depends on the condition of the market. Sometimes you just sell some of your portfolios to avoid the bearish market or the next bull when you can't hit your bottom rate to create a buyback.
There was a lot of reasons for that. but that should be the main reason why reason tries to anticipate the market by selling some of his portfolios.

[ATSgrowth]

btc has mooned a little bit, and suddenly we have self claimed analyzers almost everywhere claiming bitcoin is going to 10,000$ in May itself , small time now and a little bearish they will moan again,

the time they suppose make small profit from the greens; they are busy forecasting

Note: Taking your profit does not mean selling your entire portfolio; it means taking profit; retaining your capital
You can always buy back the low

You can always by back low, lol.
Do you still believe that Bitcoin and other altcoins will fall? I do not think so. It is over, over for bear market. Look on the strength of Bitcoin. Bitcoin doesn´t want to back to low levels.

[killat]

That's a lesson I learnt overtime since I start investing in crypto and Bitcoin, specially.

When we hold for long term, we are not interested too much on medium short-medium term price. Or, a better option would be to establish some price targets and once it has been reached, too get the profits, no matter when this happens. (short-medium-long term)

[bolshojkush]

I agree with your point and i think taking profit is a good thing but the problem is that most hodlers are long term investors and they do not mind dips they are ready to wait for 3 to 5 years and even more to take life changing profit so i think they do have a valid point as well.

I fully agree with the statement above. I'd rather hold tokens and wait for years than try to sell more expensive and buy cheaper. After all, you can miss a sudden, cryptocurrency flight to the moon.

[Shasha80]

Actually taking profits in the short term or long term for many years is the style of each person, so it's up to you to take advantage of where, but certainly the benefits we must still achieve

[shiming]

It's very simple to say, it's very difficult to do, everyone wants to make a profit, buy low and sell high, but the actual situation. The operation is very difficult, so it is very reliable to still like to profit in a cycle.