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

[proTECH77]

The season we are now, is to take profit from bitcoin investment because the market is good for anyone to release their coins to market for profit making.
 Since the price of bitcoin is still improving in the area of exchange market, that is causing other cryptocurrencies to fall in price which is causing their investors to lose profit day by day in the market. Since the supply is now in the market, show that demand will be much in the market that will make many investors to make a good profit from the market. Since bitcoin is still increasing in the market show that we are in the season of profit making.

[slaman29]

Never taken profit, always using and selling most of what I get, and storing aside as much as possible (not much) for rainy days.

so what does that make me, greedy?

Can't we have a third option of people who're neither greedy nor speculating, just believing in the long term promise of Bitcoin?  

[meanwords]

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.

Does everything have to be serious when it comes to selling Bitcoin? No right? It's up to people to decide whether they would do it or not. Christmas is just one of the reason I thought because some people are actually selling some Bitcoins for profit (because why not?) to have a good Christmas this year. Not Everyone use credit card to buy some things for Christmas.

[coolcoinz]

selling now is like selling at the bottom

Pretty much. After confirming a strong bull trend with the break of 14k BTC is drawn to the previous ATH, just like it was in 2017 when it approached 1.1k USD (2013 ATH).
Do you remember what happened then? When we broke 1.1k for the second time, we immediately went to 1.3k. So we had an instant 18% jump in price. Today, if the market acted the same way, we'd go to around 24k and this is what you should expect. Even if you're a trader, selling now would be going against the trend.

[taufik123]

take a little profit or accumulate depending on the initial strategy that has been made. If you want to continue to hold bitcoins and reach a predetermined target price, buying them again won't be a problem. But if you want to benefit directly from the rising price of bitcoin, selling half of its assets is the right choice.

myself sell a few percent of the assets I own to maintain profits, then if a correction occurs I wait at a lower price to buy it back.

[bitcoguru]

I am still woried about the price of bitcoin whether it will come up or down in next few months of this year 2020 and I have also conflict in my mind that it is the best time to take profit or still should hold the our bitcoins.

[Anyobsss]

I am still woried about the price of bitcoin whether it will come up or down in next few months of this year 2020 and I have also conflict in my mind that it is the best time to take profit or still should hold the our bitcoins.

if you bought at around 15k it is safe to sell your bitcoin now since you already made a profit. We already have seen this last 2017, after the pump there comes the dump but this might be different this time. You could wait, if btc break through the resistance you can still hold it, but if it starts crashing you could sell at 17k and you still have a profit of 2k.

[Rikafip]

I must admit that greed (might be just common sense in the end) is slowly kicking in since we quietly reached these prices without any kind of fomo and hype. Two years ago plan was to sell half when it reaches price close or similar to previous all time high, but that plan is changed now.

I do plan to take some out very soon, but only fraction of the amount I thought I would. Black Friday is coming up so might treat my family with something nice and Christmas is not far away so I have to think about that too. You gotta indulge yourself every once in a while, otherwise what's the point.

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.

People selling at 17k doesn't necessarily mean that they once bought at similar levels (unless they explicitly said that ofc) so they are finally getting out. It might just mean that some people are scaling out, as experienced investors/traders tend to do that. They don't wait for price to reach the top in order to sell it all at once but they rather sell it bit by bit as price is increasing, therefore taking the profit. When you think about it, it does make sense.

[Cling18]

I have set a certain value of Bitcoin when I would sell my holdings. As for me, setting limits would be a good idea so we'll not be greedy. We all know that Bitcoin could reach higher but it could also crash down anytime and that's its characteristic. However, I will definitely grab the chance to take profit than to regret it.

[NelfiNovita]

Bitcoin price condition is still very good because the price continues to rise.  I think it's better to hold bitcoin until the price reaches $ 20k so that 2018 losses can be covered.  On the other hand, I also doubt if the bitcoin price has reached $ 20k because at that price there will be many investors who want to sell their bitcoins so that the bitcoin price drops dramatically.

[DarkDays]

With BTC reaching new highs by the hour I'd be tempted to hold for a little longer before seeing a definite dip.

I think the momentum is strong and I do not see any resistance, so it it quite likely that BTC will reach 20K by the end of the year.

Do bare in mind that I'm also an optimist at heart, but still, ultimately, you need to make your own decisions.

[suzanne5223]

What do you think about the price of Bitcoin now?

I think it good that the market is now heading towards the direction of clinching new ATH price which will be a good season for some investors that bought during the last ATH price and still keeping their coins.

Take profit or continue to greed?

Theres no greediness in making the decision of keep holding onto a good cryptocurrency especially when it Bitcoin.

[Wysi]

This should only bother the short term investors as Bitcoin may crash when the least expect it and moreover long term investors wouldn't be bothered about market crash, as far as I am concerned if I had to choose between profit cashout or continue for more greed I would set reminder to sell off if the value drops for more than $500 from current price as a safety measure to avoid losing much and at the same time if it increases that's lmore profit for me.

[CODE200]

With BTC reaching new highs by the hour I'd be tempted to hold for a little longer before seeing a definite dip.

I think the momentum is strong and I do not see any resistance, so it it quite likely that BTC will reach 20K by the end of the year.

Do bare in mind that I'm also an optimist at heart, but still, ultimately, you need to make your own decisions.

That's how things should be done as an investor. Honestly I am having quite of doubts with this market, hesitating to invest more and to just hold, or to sell in order to secure the profit. The momentum is also what I am holding into this situation. I'd say once the market price stabilises at a particular market price point, I'd probably sell half of my holdings. Not because I am not trusting this market or Bitcoin perhaps, but I am just aware that things could happen unexpectedly without prior notice. I won't be too optimistic with this market 'coz the market is not working in such way.

[adzino]

Depends from person to person. If you have a goal set and it reaches, then sell. If it hasn't and you are scared that it will crash anytime soon, then remember, you have been already holding for long enough and you can still wait few more years. If you are still scared and if you sell now you won't be making any loss, then go ahead. Sell it. Why live everyday with the fear of losing everything. But, don't forget about the opportunity cost. You might later regret when you see the price rising.
Best thing to do is claim some of your profit, while holding the rest.

[Quidat]

With BTC reaching new highs by the hour I'd be tempted to hold for a little longer before seeing a definite dip.

I think the momentum is strong and I do not see any resistance, so it it quite likely that BTC will reach 20K by the end of the year.

Do bare in mind that I'm also an optimist at heart, but still, ultimately, you need to make your own decisions.

Im also that too optimistic towards the price but i do always have the doubt since i had learned back in the past where it is the reason why ive been caught
and make up some panic sell.Well mistakes do happen but im trying to avoid the possible next one and i agree into your sentiment that i havent seen
any strong resistances with the current price or into its run but doesnt mean that there would be no barriers in 20k price point.
I should say that this on spot price will be a sweet spot to take profit for those who do active trade and able to bought on yesterdays price
are definitely making some bucks now.

[serjent05]

The price of Bitcoin may rally to break its all time high.  So holding a bit more is reasonable. I do not think that it is greed to trust and hold BTC for a while longer especially if one has a target price to sell. Same goes if one has already hit the selling price he wanted, he should sell his BTC according to his plan.

[TedMosby]

Yeah the market looks different compared to fomo in 2017. Some articles that I read before called this market as a well-educated market. It means more institutions, companies, or big figures jumps into this market. That’s why we saw correction, correction, and correction. Slowly and steady growth. However, there is still a lot of people who still hodl their bitcoin that they bought at ATH. So we can expect there will be a profit taking after we reach ATH again.

[geyayy]

maybe you can sell bitcoin when the price can increase to $19k because the $600 gap of the price will give you the profit,

I agree and second this statement you said here, Mr. ethereumhunter. If I will be also sell what I have, I will make sure first that the price will reach and/or surpass $19k so I will be having more profit. And yes, I am planning to sell because I will be needing some money for personal reasons. I will be taking profit and will watch the trend.

[Fatunad]

maybe you can sell bitcoin when the price can increase to $19k because the $600 gap of the price will give you the profit,

I agree and second this statement you said here, Mr. ethereumhunter. If I will be also sell what I have, I will make sure first that the price will reach and/or surpass $19k so I will be having more profit. And yes, I am planning to sell because I will be needing some money for personal reasons. I will be taking profit and will watch the trend.

Selling would might have different reasons for each trader some would be on personal purposes or some had already reached out there threshold to do so.

It isnt bad idea to make some selling at the moment specially if you have bought earlier then its just ideal to sell for making profit but if you are really that

a die hard believe towards bitcoins potential then you wouldnt sell no matter what but to presume out that these prices do come ones in a blue moon then
selling off will be also a best choice.If you dont need to make profit and still hold then its up to you.