Taking profits but don't be afraid!

[Noilee]

This is normal in bitcoin why we need to be afraid? Look at the price increase from the beginning of the year compared today. It's a small amount while the price already increase more than 100%.

Bitcoin is too volatile we don't know what exactly will happen in next day or next month so if you already make a profit sell before the opportunity lose or sell some every time the price increases so that if the price drop you can buy bitcoins again at the cheaper price then hold. It is just a simple cycle of how to trade in bitcoin if you are not smart you will always lose the opportunity.

When we started invest in bitcoin we already know that the price is not steady, so if you see that there are a changes on its price dont afraid of it. But if you sure you will earn profit maybe thats the time to sell, but it continue to increase just wait and hold it.

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[Cootie]

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"!

Here's what I gotta do, I'll keep on holding until such time the price is right. My definition of right price is that the price reach a peak price for a particular time. Take advantage of every peak price. Sell when you can profit. We know that the price goes up and down. So when the price is decreasing, buy some and if the price is increasing, sell some.

[Oceat]

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"!

Here's what I gotta do, I'll keep on holding until such time the price is right. My definition of right price is that the price reach a peak price for a particular time. Take advantage of every peak price. Sell when you can profit. We know that the price goes up and down. So when the price is decreasing, buy some and if the price is increasing, sell some.

That is just the common strategy that's been used in most traders and it is a little bit risky if they plan the long-term investment but if it's riskier if they do short-term since the volatility of the market is quite strong. Though OP is right that it takes courage to take a profit in this kind of job.

[FUD Expert]

It depends on your own mind game. For me, it is just a small pullback because bitcoin can't just grow and increase as it wants. There will be people who will think that it is time to dump their bitcoins, or like you said they are taking their profit. I've been in btctalk for more than 2 years and I'm certain that it is enough for me to stay no matter what happens.

[BitcoinPanther]

It depends on your own mind game. For me, it is just a small pullback because bitcoin can't just grow and increase as it wants. There will be people who will think that it is time to dump their bitcoins, or like you said they are taking their profit. I've been in btctalk for more than 2 years and I'm certain that it is enough for me to stay no matter what happens.

If we look at a yearly chart of Bitcoin, we can see that this is just a little correction.  2019 had been an uptrend for Bitcoin and it is normal for people to cash out whenever they feel it is time to take profit so we do not need to worry about this because as they take profit new entry of investors is coming in.

[traderethereum]

This is normal in bitcoin why we need to be afraid? Look at the price increase from the beginning of the year compared today. It's a small amount while the price already increase more than 100%.

Bitcoin is too volatile we don't know what exactly will happen in next day or next month so if you already make a profit sell before the opportunity lose or sell some every time the price increases so that if the price drop you can buy bitcoins again at the cheaper price then hold. It is just a simple cycle of how to trade in bitcoin if you are not smart you will always lose the opportunity.

When we started invest in bitcoin we already know that the price is not steady, so if you see that there are a changes on its price dont afraid of it. But if you sure you will earn profit maybe thats the time to sell, but it continue to increase just wait and hold it.

I already did this before.
I sell some amount of bitcoin at one price, but then in the next 10 minutes, the price increased $200, and I only say Geez, I should wait for a while to get more money hahaha.
But nevermind, I can accept that because I still take my profit in the increasing of the price.

[el kaka22]

I still do not believe in taking profits because I do not use bitcoin for profiting. The whole idea of bitcoin wasn't to buy and then sell, it was about earning and spending just like regular currency, if you are not a forex trader in real life you do not buy and sell dollar to make more money, you earn dollars by working and you spend them to live. I support that type of approach to bitcoin all the time.

With that being said I sold almost all my coins during 2017 and started earning it back by working so I know that sometimes its too stupid to keep your coins and we are not at that stage yet, I would suggest waiting until over 20 thousand dollars to sell because this is not enough profit to get out, even if you have a bit of profit its just too small to worth the wait and I would suggest at least 15k+ to sell so you can have a proper profit.