Mistakes hodlers make

[alexsandria]

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

That is just simple, if in any case that people found some entry point to create and express the hype to the public and let them be. There is nothing wrong in believing, and there is nothing wrong about what we want, to market and allow others to adopt to what we need right now, a huge market adoption and the bullish market through this entry points.

[puertorikosena]

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.

Indeed, waiting a couple of years for big profits is a very good idea. Those who can afford to risk, sooner or later will receive the fruits of their expectations.The cryptocurrency market will surprise the whole world many times.

[masterrex]

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

I think the mistake i made was hodling too much ICO token during the bear market and in the end some of the tokens are worthless! i even buy more on DEX to hold but today its useless and no value at all. for me thats the biggest mistake ive made in holding and that was enough ive learned a lot.

[Adriano2010]

Well is good that bitcoin price grow, and i think 10000$ will not happen this month, but this will happen before the end of year and the price can grow more, and is ok who want to cahs out profit, and who want can hold more for higher profit.

[Mianae]

Btc trend looks bullish from all indications but the sharp drops every no and then is difficult to keep up with. Now we keep talking about how bullish the chart is have e taken some time to look at market psychology? Taking profits is good when you see it.

[Tosyn2]

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

No matter what anyone analyse, as far as am concerned they are mere speculations. No one can say with certainty when bull run will be back. Crypto whales are usually the determinant of prices of tokens by targeting btw because btc will definitely affect other tokens.

[Tosyn2]

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

No matter what anyone analyse, as far as am concerned they are mere speculations. No one can say with certainty when bull run will be back. Crypto whales are usually the determinant of prices of tokens by targeting btw because btc will definitely affect other tokens.

[palle11]

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

This is good but risky. So many people sold off in 2017 when price was at $15,000, they waited for a more reasonable drop back to $11,000 so they could rebuy but price didn't come down then rather, price got to $17,000 and they bought, the lucky ones resold at $19,000 while some unlucky ones expected it will get to $50,000   (because of the volatility) but it crashed them to losses.

For me I buy and wait for a hundred percent increase before selling and don't buy again until another hundred percent decrease. By this I know price will soon increase if I buy that low. Being patient helps.

[NavI_027]

Actually you almost nailed it but let's get the thought. For me, one of the most common mistakes committed by a long term holder is high expecetations. Okay! Let's don't too far. You said to your example that others foresee that btc's price will hit $10k mark this month, see? They're expecting toi much and the sad part here is that they already forgot to cherish and make the most of what we have right now. They fail to make small profits from these small rise simply because they're thinking that they could earn even more next time in which there is no assurance that it will happen. What is the main root of this? Greed of money, no doubt .

[niguezz]

No matter what anyone analyse, as far as am concerned they are mere speculations. No one can say with certainty when bull run will be back. Crypto whales are usually the determinant of prices of tokens by targeting btw because btc will definitely affect other tokens.

Exactly, the point is that those are only speculations. It's impossible to predict the bull run, like you said. There are situations that can clearly change the situation, the price of btc, but most often, btc is affecting even the further parts of the market, and that's a problem for hodlers, who thinks that their assets are safe, but they usually don't take all factors into account - i had similiar situation with fto, which i was hodling for months, to see it grow. The price fell a bit since then, but it turned out very well for me, due to their sourcecode changes, which made me an owner of some masternodes

[allanr]

When I new in crypto, I just buy and hold my token, and I forget to take profit till now 

[sukoyomi]

Well is good that bitcoin price grow, and i think 10000$ will not happen this month, but this will happen before the end of year and the price can grow more, and is ok who want to cahs out profit, and who want can hold more for higher profit.

Yeah, it also give big effect to trader like giving them the enthusiasm to hold their bitcoins even longer. For bitcoin to grow to $ 10,000, I'm also agree "that's will not happen this month" because I noticed the grow is bit by bit, not aggressive.

[sngwinner]

There are a lot of strategies that can be employed in crypto to maximise profit. What we must know is that not all strategies may work in our favor considering a number of factors.
Maybe, selli g with a small rise in price may seem profitable to you since you intend to buy when there is a dip but what if it never returns to a price lower than you sold. Will you call that a profit making or loss??

[shadowdio]

Nah bitcoin will not increase at $10,000 this month that is so quick, but maybe in the ber months bitcoin will surely reach that price. About taking profits well we have own strategy to make profit, it's up to them if they like to hold or to trade.

[coinswebid]

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

well, i believe bitcoin price will touch $10K in value in this year, but not in this month, because in my opinion this is too hard to be true
by the way, i agree with you, if profit taking is a good idea, if we believe the price will go down again, wich mean we can buy again in the lower price

[hrunya102]

To talk on the forum and predict is something that does not pose a risk and can do each of us, many are scared to do something real and then to accept the consequences.

[ife2020]

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

You don’t necessarily have to buy low and sell high
After buying; and there’s a moon; get your profits and reserve the capital

[_Django05_]

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

This is what i have been doing for quite some time now, to always take profit whenever possible. This strategy is much safer and you won't be dealing about losing your capital. Learned my lessons the hard way.

[cuo]

some traders says we must buy in low, and sell in high, but the question is, how to do that? or how to know lower or higher price. This is dificult way to make easy money from them.

[Fredomago]

Nah bitcoin will not increase at $10,000 this month that is so quick, but maybe in the ber months bitcoin will surely reach that price. About taking profits well we have own strategy to make profit, it's up to them if they like to hold or to trade.

Precisely, in terms of strategy there's different styles from each traders who holds assets, we can't predict the value just because of simple or current movements, there's still factors which needed to checkout maybe you lose your opportunities ones but if you are looking for better results then try to work out with your knowledge.