What do you think about the price of Bitcoin now? Take profit or greed?

[Bitcoin Miners]

What do you think about the price of Bitcoin now? Take profit or continue to greed? I understand how you feel about Bitcoin's price crash in the past. And many people are thinking about taking their profit when Bitcoin go back its old top around 20k USD. If you look at the chart of Bitcoin recent days, you can see Bitcoin continuously  sold down at the price 18.2k USD, it shows that many people had already taken their profit but it was immediately bought around the price 17.5k USD and be supported very well at here

Let's think about what happened next when they had already taken profit? the break of its old top and keep going up? In my opinion, I see the price movement of Bitcoin this time compared to 2017, there is a difference significant when we see the monthly chart of Bitcoin.

1. The first period is from Jan-2017 to Jan-2018

-->There are almost no adjustments, and the price went straight from 1200$ to 20.000$

2. The second period is from Jun-2019 to Nov-2020

--> The price moves in its correct trajectory (maybe Elliott's wave) with some significant corrections.

Beside that, I want to show an interesting information about the difference between BTC flowing into and out of all exchanges.

(Source: https://cryptoquant.com/overview/full/474?window=day)
We can see the red candles represents for a drop in Bitcoin deposits on exchanges and that could be a sign that there is little taking profit here on exchanges (there may be trading on OTC exchanges)

Finally, this is just another view of the market from me. And with long-term investors, you also shouldn't have too much headache about profit taking or not  

[mk4]

Yeap it's pretty much whatever. I'm totally aware that bitcoin can crash back down from here and I'm completely fine with that as I look at it's potential long-term valuation. I personally just continue stacking regardless of price and I personally think people(especially the non-traders) should be doing the same.

https://dcabtc.com/

[tsaroz]

Yeap it's pretty much whatever. I'm totally aware that bitcoin can crash back down from here and I'm completely fine with that as I look at it's potential long-term valuation. I personally just continue stacking regardless of price and I personally think people(especially the non-traders) should be doing the same.

https://dcabtc.com/

I've been following some trading experts from tradingview and their opinions have been conflicting. Some believe it's a gathering time for the ultimate bull run while some have an opinion that the buys and sells are balancing out so we would have a decline.
For me, I sold 100% of my bitcoin holding at an average of 17K and bought back some btc from 25% of that at 18K. Sounds stupid but I don't want to miss out incase of a bull run and would dump if I feel it's crashing.

[GreatArkansas]

I am looking forward some people will start taking profits or sell their bitcoins bought last all time high to breakeven price, it will start $19,000 - $20,000.
But this time is different compare previous all-time-high, fomo before is really huge compare this time which it's still neutral since $10,000 level.

[Lorence.xD]

Yeap it's pretty much whatever. I'm totally aware that bitcoin can crash back down from here and I'm completely fine with that as I look at it's potential long-term valuation. I personally just continue stacking regardless of price and I personally think people(especially the non-traders) should be doing the same.

https://dcabtc.com/

I am a non-trader too, for now. As a personal strategy, I set a line where I am going to sell my bitcoin, I do not mind the FOMO higher price than what I have sold it because I have needs for the money that will benefit me in the long run. I sort of think of it as diversifying my investments.

[mk4]

I've been following some trading experts from tradingview and their opinions have been conflicting. Some believe it's a gathering time for the ultimate bull run while some have an opinion that the buys and sells are balancing out so we would have a decline.
For me, I sold 100% of my bitcoin holding at an average of 17K and bought back some btc from 25% of that at 18K. Sounds stupid but I don't want to miss out incase of a bull run and would dump if I feel it's crashing.

I'm not suggesting that all of them are bad, but I don't think it's a good idea to listen to "trading experts".

But yea, selling is not totally bad. If you're here to make money, then profit is profit.

I am a non-trader too, for now. As a personal strategy, I set a line where I am going to sell my bitcoin, I do not mind the FOMO higher price than what I have sold it because I have needs for the money that will benefit me in the long run. I sort of think of it as diversifying my investments.

There's nothing wrong with selling if you actually need to use the money. I'd actually argue that selling right now might be a great idea if you're going to use the money for personal reasons and for starting a business(regardless if you fail, the knowledge and experience is priceless). On the other hand, selling right now just so you could buy yourself unnecessary stuff is a big big NO.

[Bitcoin Miners]

For me, I sold 100% of my bitcoin holding at an average of 17K and bought back some btc from 25% of that at 18K. Sounds stupid but I don't want to miss out incase of a bull run and would dump if I feel it's crashing.

I understand your decision because there are lots of people are doing like you when they see the price movement of Bitcoin recent days. Maybe this is a Fomo psychology but you and also those people have the facility to do so. With long-term investors, buy at the higher price when the market begin to develope is not stupid especially with Bitcoin

[harizen]

That's the decision that we need to decide for ourselves. We have different views on how we look at the situation. You will be more confused if you are seeing different scenarios in your chart readings especially on the overbought and oversold level.

For convenience, just do the usual thing we always consider to follow during the time when bitcoin is on uptrend or downtrend. Buying and selling will depend on your purpose or just trust the result of your fearless forecast and analysis.

[n0ne]

Analyse about the need, and if you're in need take the profit away. I state this on my personal experience, last time (2017-2018) when the market was around $18000 I just kept hold targetting $20k. To my expectation the price reached it, and later the immediate drop happened reaching around $18000. Mind wavered and I kept hold for $20000. It didn't happened and missed is missed, the price started to drop. So, it is good to make use of the right time than going emptied.

[panganib999]

Yeap it's pretty much whatever. I'm totally aware that bitcoin can crash back down from here and I'm completely fine with that as I look at it's potential long-term valuation. I personally just continue stacking regardless of price and I personally think people(especially the non-traders) should be doing the same.

https://dcabtc.com/

I've been following some trading experts from tradingview and their opinions have been conflicting. Some believe it's a gathering time for the ultimate bull run while some have an opinion that the buys and sells are balancing out so we would have a decline.
For me, I sold 100% of my bitcoin holding at an average of 17K and bought back some btc from 25% of that at 18K. Sounds stupid but I don't want to miss out incase of a bull run and would dump if I feel it's crashing.

Yea. It is good to rely on a trading experts of effective platforms. Different traders have different kind of understanding and interpretation about the bitcoin situation right now. Some might tell you to sell because the price is good while other might tell you to hold on because as the history bitcoin almost reach a bigger price last time. Bitcoin bull run todays isn't that special because for me it doesn't surpass the last time price but I definitely think that it will in the next few days. Besides in any person if they gain profit even if it is small amount, it is still profit.

I've been following some trading experts from tradingview and their opinions have been conflicting. Some believe it's a gathering time for the ultimate bull run while some have an opinion that the buys and sells are balancing out so we would have a decline.
For me, I sold 100% of my bitcoin holding at an average of 17K and bought back some btc from 25% of that at 18K. Sounds stupid but I don't want to miss out incase of a bull run and would dump if I feel it's crashing.

I'm not suggesting that all of them are bad, but I don't think it's a good idea to listen to "trading experts".

But yea, selling is not totally bad. If you're here to make money, then profit is profit.

I am a non-trader too, for now. As a personal strategy, I set a line where I am going to sell my bitcoin, I do not mind the FOMO higher price than what I have sold it because I have needs for the money that will benefit me in the long run. I sort of think of it as diversifying my investments.

There's nothing wrong with selling if you actually need to use the money. I'd actually argue that selling right now might be a great idea if you're going to use the money for personal reasons and for starting a business(regardless if you fail, the knowledge and experience is priceless). On the other hand, selling right now just so you could buy yourself unnecessary stuff is a big big NO.

It is actually a good thought about the idea of selling right now. It is always depends on you on how you can reach your own maximum point that you can hold till you sell your stocks. It might be good or bad in terms of profit but you will definitely earn right now.

[pooya87]

if you are a day trader then these days are excellent days to trade which means selling on each peak and buying back in each correction up to at least 3 times every day. but most people aren't day traders due to the risk or crappyness of the exchanges!
but as an investor, now is the worst time you can sell because the rally is just getting started and we have not yet even reached the previous ATH for the initial panic sell to start and create any kind of opportunity to take profit and buy back more bitcoins with that profit.

comparing this current trend with 2017 bubble is wrong though because there is nothing similar between the two time-frames. if you are going to compare you have to compare it with the end of 2016 when price was inching closer to the ATH of that time meaning when price was between $850 and $1200.

[meanwords]

I am a non-trader too, for now. As a personal strategy, I set a line where I am going to sell my bitcoin, I do not mind the FOMO higher price than what I have sold it because I have needs for the money that will benefit me in the long run. I sort of think of it as diversifying my investments.

I second this. Christmas is around the corner and no doubt that a lot of people would be needing money for their wants and needs this coming season so it's actually a good price to sell some of your Bitcoin (at least not all of you Bitcoin though), unless you bought at a peak.

[davis196]

I am a non-trader too, for now. As a personal strategy, I set a line where I am going to sell my bitcoin, I do not mind the FOMO higher price than what I have sold it because I have needs for the money that will benefit me in the long run. I sort of think of it as diversifying my investments.

I second this. Christmas is around the corner and no doubt that a lot of people would be needing money for their wants and needs this coming season so it's actually a good price to sell some of your Bitcoin (at least not all of you Bitcoin though), unless you bought at a peak.

This doesn't sound serious to me.Do you think that many crypto traders are going to sell their BTC just because they want to buy some shit for Christmass.Dude,people have credit cards for that.
Anyways,there has to be a price correction coming.I don't know when it will happen,but I'm sure it will happen.Maybe, the bull market will continue after that correction or maybe the FUD propaganda machine will be activated in January and a bearish market will follow.In both cases,I will just HODL.

[ethereumhunter]

I hope you don't be greedy and take a profit if you think that you can make a profit. If you are still holding bitcoin, maybe that will be a good decision, but don't forget that the price will fluctuate and you need to calm down. We already see $18,400, so maybe you can sell bitcoin when the price can increase to $19k because the $600 gap of the price will give you the profit, so you can wait for a while to buy back Bitcoin at a lower price. But that will be up to you.

[pooya87]

I am a non-trader too, for now. As a personal strategy, I set a line where I am going to sell my bitcoin, I do not mind the FOMO higher price than what I have sold it because I have needs for the money that will benefit me in the long run. I sort of think of it as diversifying my investments.

I second this. Christmas is around the corner and no doubt that a lot of people would be needing money for their wants and needs this coming season so it's actually a good price to sell some of your Bitcoin (at least not all of you Bitcoin though), unless you bought at a peak.

This doesn't sound serious to me.Do you think that many crypto traders are going to sell their BTC just because they want to buy some shit for Christmass.Dude,people have credit cards for that.
Anyways,there has to be a price correction coming.I don't know when it will happen,but I'm sure it will happen.Maybe, the bull market will continue after that correction or maybe the FUD propaganda machine will be activated in January and a bearish market will follow.In both cases,I will just HODL.

it is the story of every year. we keep seeing certain types of speculation pop up talking about "people are going to sell because blank" at certain times such as Christmas, Chinese new year, black Friday, end of tax payment dates,... and of course some people do sell bitcoin at those times but mainly in expectation of sell off and only have a small effect on the price because people don't sell their investment when they need liquidity. they use their salary, bonus checks, credit cards,... to do it.

[Wexnident]

It depends on your goal? Like what @mk4 said, it's a kind of whatever moment for everyone tbh. With how things are going though, the price going down seems the most unlikely move so I think it can be safe to say that holding or selling right now wouldn't change much since the difference would be negligible in the short term. Ofc, day traders could take advantage of this though and profit off by 5-10% per trade depending on the market.

Though tbh, it's more likely that keeping hodl would result in a better profit return. We're basically just at the end of 2021, and the current trend has only happened for a few weeks only. It's not like the trend was brought about weakly like 2017, it actually has a foundation right now which makes rushing to sell have no sense. It'd be a lot better to greed, at least until the end of this year imo.

[Warkop]

In my opinion for the moment it is better to sell it for a while, because in Bitcoin trading there are times when the price will fall back and don't even think about taking big profits without seeing the risks that will occur later, because a Trader must really make very good decisions in the case of buying and selling, if it is not done immediately it will result in losses for your investment in the future. All your definite decisions will determine it, not the others.

[cheezcarls]

What do you think about the price of Bitcoin now? Take profit or continue to greed? I understand how you feel about Bitcoin's price crash in the past. And many people are thinking about taking their profit when Bitcoin go back its old top around 20k USD. If you look at the chart of Bitcoin recent days, you can see Bitcoin continuously  sold down at the price 18.2k USD, it shows that many people had already taken their profit but it was immediately bought around the price 17.5k USD and be supported very well at here

Let's think about what happened next when they had already taken profit? the break of its old top and keep going up? In my opinion, I see the price movement of Bitcoin this time compared to 2017, there is a difference significant when we see the monthly chart of Bitcoin.

1. The first period is from Jan-2017 to Jan-2018

-->There are almost no adjustments, and the price went straight from 1200$ to 20.000$

2. The second period is from Jun-2019 to Nov-2020

--> The price moves in its correct trajectory (maybe Elliott's wave) with some significant corrections.

Beside that, I want to show an interesting information about the difference between BTC flowing into and out of all exchanges.

(Source: https://cryptoquant.com/overview/full/474?window=day)
We can see the red candles represents for a drop in Bitcoin deposits on exchanges and that could be a sign that there is little taking profit here on exchanges (there may be trading on OTC exchanges)

Finally, this is just another view of the market from me. And with long-term investors, you also shouldn't have too much headache about profit taking or not  

I would call $18,200 as the resistance level now, and maybe $17,600 as support if the bulls can maintain it. There is a chance that Bitcoin might crash anytime soon because of the parabolic growth in the past days. I would take profit if I did invest in BTC (I’m holding more on ETH right now) rather than being greedy because I don’t wanna repeat my past mistake back then of being too much greedy,

[pakhitheboss]

I saw in another forum tha few people have already started selling their Bitcoin at 17k. I assume they were those who were stuck at that level from 2017.

In my opinion you need to continue HODLing Bitcoin till you think you have achieved your desired profit point. I think the price of Bitcoin will reach the moon in the future and the more you can HODL the more you can achieve success.

[Zalfa_mui]

apparently bitcoin cannot reach $ 20000, and now it will start to slowly fall down, I have taken a little profit, I do not dare to hold it anymore, I am afraid it will fall and I will not be able to profit ... I am not greedy waiting for a big profit, the end cannot  anything.