Taking profits but don't be afraid!

[MFahad]

I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately,  "this thought come into my mind, don't be afraid,  it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now,  better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!

Your recommendation is good and courage-able for us. But now bull has started on the ride, day by day bitcoin price is going to up and i think it is giving us courage and confidence, but still it is not selling price, we should wait for more time, at least bitcoin will be double like $20000.

[1715207210]

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[Whaleagent]

There's not much to profit from the price difference bitcoin made lately.

Maybe not for you, but for enough traders it is profitable. Every minor price movement can be a worthwhile scalp with leverage. How do you think a boring asset such as gold is being traded? Leverage is key.

If holders are not in a hurry and don't need money that much, better leave their bitcoin secure for now in their wallet and wait patiently for a real bull run in the market.

Why do you assume that people speculate with their entire coin stash? In most cases people's speculative coin stash accounts for less than 10% of their total long term hodl stash.

As for the 'real' bull run you're talking about, it can't get much more real than going from $4000 to $8500 in a short period of time. Your 'real' bull run definition is probably based on a 500-1000% increase.

In bitcoin there are no 'minor' movements, minor movements are 2-3% which is considered huge in stocks. Even with a 1000$ investment, a 2-3% gain is still 20-30$ in one trade. That's huge, this market is definitely the best for small investors if you know what you are doing.

Yes, sentiment has clearly switched, trends too, only the monthly trend left, all the others are already in a confirmed uptrend.

[ngusmin]

To take advantage of crypto must be able to eliminate fear, and for this year crypto conditions are recovering, and that could be an opportunity to take advantage.

[exstasie]

There's not much to profit from the price difference bitcoin made lately.

If you haven't made money trading Bitcoin the past few weeks, then hang up your hat because trading isn't for you. This volatility has been a godsend for my bank account (and my Bitcoin wallets).

Would you rather be in the $3,000s doing another 3 months of sideways? I didn't think so.

[mikeywith]

what do you think about masterluc's projection laid out here: https://bitcointalk.org/index.php?topic=274613.msg51025897#msg51025897

The consolidation we had for the past a few days might very well give the strength needed to rally up to 10k  , however I don't tend to agree with the correction all the way to 6k from there.

however, just for observation, I have been watching the ichimoku cloud since 3100$  > https://bitcointalk.org/index.php?topic=5087271.0 , and the projection you quoted matches with it.



if you look at the chart, you will notice that the bottom was market as soon as the cloud appeared , and the first time the price enters the cloud , it heads to the top then drop near bottom , happened twice , in 2012-2013 and 2014-2015 - and then price collapses to a bit pass the middle of the cloud which was about 40% in 2015 and from 10k , 40% will put it us back at around 6k, it's too much to be honest, but i am not ignoring the possibility at all.

anyhow as we speak there is a  very nice triangle forming up, a break out either direction might fire up some fast movement.

[exstasie]

if you look at the chart, you will notice that the bottom was market as soon as the cloud appeared , and the first time the price enters the cloud , it heads to the top then drop near bottom , happened twice , in 2012-2013 and 2014-2015 - and then price collapses to a bit pass the middle of the cloud which was about 40% in 2015 and from 10k , 40% will put it us back at around 6k, it's too much to be honest, but i am not ignoring the possibility at all.

Bitcoin tends to surprise us in both directions, always going further than expected. 40% is near the limit in a bull market context, but we've seen it several times in the chart's history. If we see a significant reversal off the $10K area, the $6K zone is where I'd bet on.

For now I'm not going to speculate because we could blow right through $10K.

[mikeywith]

Bitcoin tends to surprise us in both directions

As always indeed  , that is one reason why i am not much into predicting an absolute price or time when trading btc, i prefer to look at it as it develops, just like i did at 5.8-6k , i was shorting it, got stopped,  opened long positions despite the fact that i "THOUGHT" we were going down, thinking where the price might go, and following the actual price are two different things.

what we have now is a large triangle  that i am looking to trade, a close above 8.4k is a go for 9.8k , a close below 7600 is probably a straight fall to 6.8k , these are the only numbers i am looking at, and i know very well that we could  be stuck in a sideways market for a month or so after the next move.

[iMark]

I was consider those dropped are more likely just an another corrections price and look at the price in these few days seems it was recovering so don't have to worried about that because until today the price still strong at range $7000 above and i think small corrections is usual in the bitcoin price movement and all we have to do is don't have to panic

In case of Bitcoin,  i would say that don't be panic at all.
If you see the recent growth graph then Bitcoin has already increased a lot.
But the things that is concerned is that, compared to last 3 days the price is falling down.
So now it is not the time to panic.
The only thing is to do is to prey so that Bitcoin keeps on increasing.

Prices fall because many people taking profits, so make prices fall. if you are a trader then you should don't miss that opportunity yesterday. You have to know that such a thing will occur, when the price rises quickly, it is only a matter of time until a correction occurs, and you must be smart in seeing opportunities and making decisions

[Distinctin]

Prices fall because many people taking profits, so make prices fall.

Some traders do, especially the whales, they always take advantage when there is a big pump and dump, either way, they are benefiting on it.
They will cash out because they can enjoy their profit even at 5% due to their huge capital but we ordinary trader, we should hold longer as any price fall when the market is bullish, is just a temporary thing, price will again rise and continue its bullish trend.

[wuvdoll]

I was lucky for a while, when it hit the first 8 thousand I said that is about enough and cashed out and actually wanted to do something with my money.

It could have been something that would erase it forever like a big vacation but I already planned my vacation (even though its small and not that good but its somewhere at least) or I could have purchased some sort of fiat investment, not like a house or a shop because they cost a lot but maybe something closer, it could have been even for a partnership with an existing business by buying some shares of that company.

However, as soon as I sold it started to drop and I felt amazingly lucky that I sold, when it hit the recent bottom I said I am not going to decide on what I am going to spend this on just yet so I might as well just keep it on bitcoin until I decide and bought back. That wasn't because I am some sort of clever trader or I checked the charts or anything, I was just purely lucky on my timing .

[goaldigger]

I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately,  "this thought come into my mind, don't be afraid,  it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now,  better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!

From $14K to $4K real quick last the drop of 2018, the amount of the recent pricefall is just minimal. If you experienced the last moon, you will get used to it and be thankful it goes a lot better than before. Dont mind the little volatility it will do for it will land on moon the sooner.

[The Sceptical Chymist]

Whenever the price goes up a lot, it also drops a lot.
<snip>
I do not understand why you had to think like this when these big increases and followed big losses were always normal things in the crypto world.

Yep to both.  But there are a lot of newbies coming in to the crypto world right now, likely because of the recent price increase--just like from 2009-2014, and 2017.  So there are going to be members of this forum who aren't quite accustomed to bitcoin's notorious volatility, and boy will they learn that in a hurry.

Pullbacks/corrections are normal and are healthy for the market, not just bitcoin but any market.  You can't have the price of something just keep increasing exponentially (or even linearly) without dips.  It just doesn't happen.  Traders do periodically sell and take their profits, and that causes the dips.  To those who haven't been around bitcoin that long:  be patient and don't freak out when the price drops $1000 (or pick a number) in one day.  It's happened many times before and those events will happen many times again in the future.

[inanilujimi]

Crypto beliefs are things that investors must have to invest.
and don't let negative thoughts penetrate your emotions to make the wrong decision, obviously there are always those who win and lose every choice we take.

[Gaff]

Prices fall because many people taking profits, so make prices fall.

Some traders do, especially the whales, they always take advantage when there is a big pump and dump, either way, they are benefiting on it.
They will cash out because they can enjoy their profit even at 5% due to their huge capital but we ordinary trader, we should hold longer as any price fall when the market is bullish, is just a temporary thing, price will again rise and continue its bullish trend.

It's always been tested and proven that taking profits after trading is a safer way to benefit from your investments. Furthermore, when good market comes back you can buy back some coins to reinvest before price surges starts to commence back. Expecting bullish trend is good, but my advice every now and then just focus to the goals you have because profit will soon follows.

[LUCKMCFLY]

Do not worry, that is due to the slight volatility, if you take into account that we are in the accumulation phase you should not worry, he will rise, although we are not in a bullish trend because the accumulation stage ends at the time it ends. the offer in the price levels that are for now, or that the millionaire wallets reach an acceptable percentage of 70-80% of accumulated bitcoins, this is fulfilled so that bitcoin can rise as it did in 2017.

So if your wallet you ceunta that low a little price do not worry, ahroita is very difficult for the price to go down a lot, have entered many investors, it is possible that they fall in certain lateralizations and then can go up.
Do not be surprised if you suddenly wake up and get your wallet with +15 or +20% ...

[iv4n]

Do not worry, that is due to the slight volatility, if you take into account that we are in the accumulation phase you should not worry, he will rise, although we are not in a bullish trend because the accumulation stage ends at the time it ends. the offer in the price levels that are for now, or that the millionaire wallets reach an acceptable percentage of 70-80% of accumulated bitcoins, this is fulfilled so that bitcoin can rise as it did in 2017.

So if your wallet you ceunta that low a little price do not worry, ahroita is very difficult for the price to go down a lot, have entered many investors, it is possible that they fall in certain lateralizations and then can go up.
Do not be surprised if you suddenly wake up and get your wallet with +15 or +20% ...

Accumulation before the halving, be aware that price will skyrocket in some point, just I don`t expect that too happen in this year, or next one. 2021 or 2022 will be the year of big rise, everything before that will be like its now, price is going up slowly, price drop a bit, and like that. Fluctuations that most of us love, cherish and earn from, so use this fluctuations to earn a bit more bitcoins before price start to go high fast.

[dark08]

From the point of view  its normal to see Bitcoin or other altcoin a pump pump and dump since its price movement is so valatility that cause unpredicted movement but nithing to worry fron this kind of situation if you are really a trader you will understand that taking profit is a right decision even if you earn a small or big profit.

[South Park]

There's not much to profit from the price difference bitcoin made lately.

If you haven't made money trading Bitcoin the past few weeks, then hang up your hat because trading isn't for you. This volatility has been a godsend for my bank account (and my Bitcoin wallets).

Would you rather be in the $3,000s doing another 3 months of sideways? I didn't think so.

This is something the average investor or trader never get, in order to make money out of the markets we need the volatility, we need the markets making movements on one direction or the other but sideways action is terrible for investors and traders, any decent trader must have some profits after the huge movement we saw in the market otherwise it will be better for them to rethink their strategy and to not comeback until they have improve it.

[Ipwich]

There's not much to profit from the price difference bitcoin made lately.

If you haven't made money trading Bitcoin the past few weeks, then hang up your hat because trading isn't for you. This volatility has been a godsend for my bank account (and my Bitcoin wallets).

Would you rather be in the $3,000s doing another 3 months of sideways? I didn't think so.

This is something the average investor or trader never get, in order to make money out of the markets we need the volatility, we need the markets making movements on one direction or the other but sideways action is terrible for investors and traders, any decent trader must have some profits after the huge movement we saw in the market otherwise it will be better for them to rethink their strategy and to not comeback until they have improve it.

That is the common perceptions of some investors and traders, they will just turning back into crypto once they saw huge pump but easily dump their coins once it drops. They don't have strong appreciation with the market and only they are just thinking of their own but not as the whole community.

[creeps]

I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately,  "this thought come into my mind, don't be afraid,  it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now,  better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!

From $14K to $4K real quick last the drop of 2018, the amount of the recent pricefall is just minimal. If you experienced the last moon, you will get used to it and be thankful it goes a lot better than before. Dont mind the little volatility it will do for it will land on moon the sooner.

That was a whole year drop so its not that quick. You don’t have to be afraid selling your bitcoin i see this one as a good strategy to keep safe your profit, we can hold more for now but if you earn profit now and want to secure it you can do that. Hodlers are used to be on that situation every time it drops, they should know what to do.