When to take profit from your current bitcoin holding.

[Wenbing]

The price of bitcoin started rising from 15k to 20k,from 20k to 25k, I thought it has reached the last increase this season.

The following day I saw a bullish movement again, I saw movement from 25k too 30k. I thought it will be too risky to buy when it was at 30k, but it kept rising until it was 32k. I bought some Satoshi at that price level.

Few days later it rose to 33k and started a bearish movement to 31k, I was already loosing my hard earned cash. I hastily converted it to etherum because it was performing better.

I later discovered that I made a very big mistake by cashing out at a loss, I would have waited a little. A week later, Bitcoin rose to 40k plus.

I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

[1715106329]

1715106329

[1715106329]

1715106329

[1715106329]

1715106329

[1715106329]

1715106329

[1715106329]

1715106329

[acroman08]

as a guy who had a fair share of holding selling, I'd say hold it as long as you are comfortable and sell when you are not. bitcoin's price is so unpredictable that I don't really think someone can really say what precise time you should sell or sell buy. you don't have to feel bad or a feeling of regret if the price keeps going when you decided you sell. what's important is you got a profit instead of a loss if you decided to hold then the price started going down.

[n0ne]

It is all about the need, and not about the market rise. Myself too cashed out my campaign payment when the price was close around $36000. In a days time it has crossed $40000. What to do, I've met the need and if I had patience I would've got some extra pennies. No one is sure of the volatility limit as well as the peak value of bitcoin.

[Wenbing]

as a guy who had a fair share of holding selling, I'd say hold it as long as you are comfortable and sell when you are not. bitcoin's price is so unpredictable that I don't really think someone can really say what precise time you should sell or sell. you don't have to feel bad or a feeling of regret if the price keeps going when you decided you sell. what's important is you got a profit instead of a loss if you decided to hold then the price started going down.

To add to it,

It would also be good to optimize the loss as well. I mean if one will hold until he make a loss of 50%, it'll be good and strategic to minimize the loss to say 10%.

If profit can be optimized the loss could be minimized.

[Tessnik]

It is all about the need, and not about the market rise. Myself too cashed out my campaign payment when the price was close around $36000. In a days time it has crossed $40000. What to do, I've met the need and if I had patience I would've got some extra pennies. No one is sure of the volatility limit as well as the peak value of bitcoin.

To some extent I don't agree with this view, it not all about the need, but it all about the market, take for example buying at a very high price simply because you need to buy that will be a bad investment decision take 2017 for example when bitcoin dit it all time high of $20k and people bought at that price and in 2018 the market went down and lots of investors lose they found except for those that hold till this moment.

So to me taking the market conditions into considerations before buying or selling is very important, you may need to seel or buy but if the market is not in your favour then it better you continue to hodle.

[plvbob0070]

Cashing out depends on our perspective. Personally, since I have trust in bitcoin, I am not afraid to hold it for a longer time even if the price started to go down, and I only try cash out some when I need it. Investing now is indeed risky because we are not sure until when it will continue to rise but I guess you become warier about getting losses since it went down a little bit that leads you to a loss increase of profit. I can only say that if you are afraid that you might lose your investment, it's better to invest during a bear market.

[Fesatmas]

Cashing out depends on our perspective. Personally, since I have trust in bitcoin, I am not afraid to hold it for a longer time even if the price started to go down, and I only try cash out some when I need it. Investing now is indeed risky because we are not sure until when it will continue to rise but I guess you become warier about getting losses since it went down a little bit that leads you to a loss increase of profit. I can only say that if you are afraid that you might lose your investment, it's better to invest during a bear market.

You are right, owning bitcoin can be difficult to use if it goes against necessity. especially when it's urgent, so selling early is a very difficult decision.
On the other hand, facing the reality of prices and the current market situation, it cannot be maintained calmly. all want to make more than 100% or even wait $ 50,000.

[sheenshane]

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

I have some advice.  Yes, investing in Bitcoin is might risk but it will also profitable if you know how to manage Bitcoin very well.

Bitcoin isn't good for seeking a short term profit, that is very risky.  Try to hold Bitcoin for at least a year(s) or don't sell it until your profit wasn't there.  Every one of us doesn't know how to have an accurate prediction in Bitcoin price, it will fluctuate in the unknown direction which may lead to us a huge loss if ever we made mistake.

Research on your own and see around how far Bitcoin had these achievements, we're now on mainstream, and people around are almost all aware of Bitcoin through the help of those institutions that adopted Bitcoin.  I think the price will keep rising throughout this year.  There might a short correction but it will always end up rising the price.

[masterzino]

The price of bitcoin started rising from 15k to 20k,from 20k to 25k, I thought it has reached the last increase this season.

The following day I saw a bullish movement again, I saw movement from 25k too 30k. I thought it will be too risky to buy when it was at 30k, but it kept rising until it was 32k. I bought some Satoshi at that price level.

Few days later it rose to 33k and started a bearish movement to 31k, I was already loosing my hard earned cash. I hastily converted it to etherum because it was performing better.

I later discovered that I made a very big mistake by cashing out at a loss, I would have waited a little. A week later, Bitcoin rose to 40k plus.

I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

This is strictly individual. My advice is to sell when you start feeling overwhelmed by the Bitcoin price and start comparing the dollar value daily, or if you think you will regret it if a big correction happens.

[Lordhermes]

I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

Selling your Bitcoin wouldn't be appropriate, keeping on holding while you at loss wouldn't also be appropriate, so what should someone do, trailing your profit. You should be happy you were lucky enough to meet Bitcoin at price of 15k to 20k and you got some Satoshi of it, cash out your profit as long the the price keeps rising.
In other word, setting sell limit would be a good option, so immediately Bitcoin price shows some subsequent downfall below your limit, you should be out, at least the sell limit should be -10% loss, or as it suits you.

[Amon1231]

Take your profit when you need it, the market is unpredictable it changes every minute maybe the next hour your investment loses its profit. so take your profit when you needed it the most.

[tbct_mt2]

I bought my bitcoin after the crash in March. I did not buy at the bottom of the crash and only bought one day later at $5300. I sold my bitcoin when it rose to $9100. Bought it back at $10200, and took profit again at $12000. Bought back at $10400 and took profit one more round at $12200 again.

When bitcoin broke the cap, I bought it back at $12500 and took profit at $19000. Bought back again at $16500 and sold all $23800. Bought back with risky taste at $24000 and took profit at $33000. Bought it back for the last round at $28500 and took profit last time at $33000.

A recap, I took profit with all my bitcoin I had. I am waiting and don't have plan to buy it back.

[dupee419]

The price of bitcoin started rising from 15k to 20k,from 20k to 25k, I thought it has reached the last increase this season.

The following day I saw a bullish movement again, I saw movement from 25k too 30k. I thought it will be too risky to buy when it was at 30k, but it kept rising until it was 32k. I bought some Satoshi at that price level.

Few days later it rose to 33k and started a bearish movement to 31k, I was already loosing my hard earned cash. I hastily converted it to etherum because it was performing better.

I later discovered that I made a very big mistake by cashing out at a loss, I would have waited a little. A week later, Bitcoin rose to 40k plus.

I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

On those certain scenarios, if you see an opportunity to cash out some of your holdings, go for it, go for a 50/50 decision, wherein you'd actually gain profit and at the same time holding some of your bitcoins and then later on going for the 2nd cash out just when the value of BTC rose up to 40k, this may not be the best strat but I think is one of the safest.

[bitadelco]

I have a pretty simple point of view that boils down to 3 main questions:

1. Do you actually need the cash? (i.e. urgent need without significant fiat savings to cover)

2. Are your current holdings a potential life altering amount? (subjective to the individual)

3. Are you prepared to pay the associated tax liability?

'What to do' of course is unique to the individual based on their objectives and personal situation. I think it's helpful to have a plan at the onset to avoid emotions taking over. If you're a swing trader, then set your targets and act on them. If you're a long-term HODLer, HODL. If you want to do a bit of both, keep your long-term holdings tucked away in cold storage to avoid the temptation to trade.

[kentrolla]

Person who ever sells BTC is just for the need and that's depends on the situation and yes there are people who sold their asset for hospital expenses also there was a thread in this forum, if people have loads of money then why they will sell it?

Holdings absolutely works only for those who don't even care if the price come to the bottom only patience works here, also don't be too greedy if you are desperately looking for money like borrowing money from those or applying for loans by trusting BTC. Remember if it goes down you will be strucked everywhere.

[Wexnident]

I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

That's basically what the market is, scary. No one can really tell you when to hodl or when to sell, It's all honestly up to your personal decision, the same as to how most traders trade their coins. Plus, your choice of "hodling" can't even really be called hodl since a bit of a dip and you're ready to bail. Hodl in a sense is basically a long term investment, what you're doing is short-term ones, and ones that are basically fueled by FOMO. My tip? Don't get scared by losses, especially if it's only been a few weeks or so. Wait out a month, and if you see a profit, pull out, if you don't, then decide, do you continue hodling or do you take the loss. This is probably why most people say only to invest what you can lose.

[amishmanish]

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

There already is some very good advice in the thread.

My advice to any newbies coming into Bitcoin and the crypto market in general is this: Learn to treat your BTC as money and do not see it in terms of its USDT value.

Most newbies come in with the hope of increasing their Fiat net-worth by day-trading the BTC swings or by catching one of those insane Alt-coin rallies. The right approach is to actually recognize your place in the world first. If an investment of a few 100 dollars could move fortunes then everybody would already have done that. That never happens.

You build your BTC holdings with slow accumulation. You can also build by finding projects that have a well known, open dev team and then get associated with the intention of understanding and actually contributing. See crypto as a great opportunity to learn and earn together. Don't see it as a means to accumulate fiat and retire. When you actually become involved, better opportunities will start coming your way.

Simply relying on trading will lead you to the situations of FOMO and anxiety like the one you described. We have all been there.

[meetthechallenge]

My advice is to continue to learn about bitcoin(other cryptos apply too) until you begin to grow in belief and knowledge. Increasing these two allows you to create a better picture of what you think bitcoin is worth, and allows yourself to withstand price variations.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

Simply relying on trading will lead you to the situations of FOMO and anxiety like the one you described. We have all been there.

There is no shame in experiencing these lessons. Continue to get better in your approach and the profits will naturally swell to you.

[maydna]

My advice is selling when you think you want to take your profit, but don't sell all of your bitcoin because you will not have more bitcoin to sell when the price starts to rally to the next highest price. But if you still want to hold your bitcoin until the price rise more than today, that will be no problem because you want to make a bigger profit. If you have urgent money needs, you can sell your bitcoin without waiting for a long time because you need to fills your needs. We have our reason to sell or hold bitcoin, and only you will know the reason. We can only suggest doing something, but the final result will be up to you.

[Lorence.xD]

The time that you will take profit from your current bitcoin holding is the time that you feel like converting it to your fiat counterpart. I think that is the only thing that helps. If the current prices is higher than your initial investment then it is already a profit.

[kolesozw]

I started being nervous around $35K and I sold most of my coins around $38K. So it's up to you when you will start feeling nervous and wouldn't able to hold up!

Btw, if Bitcoin drop under $30K, I plan to re-enter for the same amount of coins I sold and keep the $$$ difference for a nice vacation

[Question123]

My advice is they should holding the bitcoin that they have so they can earn money, selling bitcoin in the past few months they lose some of profit because price is very huge and we can earn more money if the value is continue increasing. We should remember that holding also longtime it also consequences that once price drops you lose also profit..

[LogitechMouse]

I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

It will depend on what are your plans. Before buying, you must've a set of plans that you will do if the best or the worst happens.

Holding at a loss is ok for me as long as it is Bitcoin or Ethereum. For some reasons, I find these 2 coins trustworthy enough that if it goes down I believe that it will go up again someday so I just hold it even I'm still at a loss and after all it is just a paper loss unless you sell it really at a loss then you really lose your money.

Planning, knowing the support and target price to buy and sell will help you.

[Gmbexpeart2020]

Bitcoin News is the world's premier 24/7 news feed covering everything bitcoin-related, including world economy, exchange rates and money politics.

[bittick]

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

A loss for what? I guess your ethereum was also increasing a lot. you have earned almost 100% ROI from your ether. It looks like you have converted your bitcoin into ethereum on 2nd January and the bullish trend of ethereum was starting from 4rd January till this time.

[0t3p0t]

The price of bitcoin started rising from 15k to 20k,from 20k to 25k, I thought it has reached the last increase this season.

The following day I saw a bullish movement again, I saw movement from 25k too 30k. I thought it will be too risky to buy when it was at 30k, but it kept rising until it was 32k. I bought some Satoshi at that price level.

Few days later it rose to 33k and started a bearish movement to 31k, I was already loosing my hard earned cash. I hastily converted it to etherum because it was performing better.

I later discovered that I made a very big mistake by cashing out at a loss, I would have waited a little. A week later, Bitcoin rose to 40k plus.

I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

I think you really made a big mistake when you actually do not need to cashout. I mean the money you invested is intended for that purpose nothing else. If I were to invest I will be having a target before cashing out and of course never cut loss just wait for a little timing. If you are afraid to cut loss maybe long term hodling will perfectly work for you just study the market flow and your good to go.

[Wenbing]

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

I have some advice.  Yes, investing in Bitcoin is might risk but it will also profitable if you know how to manage Bitcoin very well.

Bitcoin isn't good for seeking a short term profit, that is very risky.  Try to hold Bitcoin for at least a year(s) or don't sell it until your profit wasn't there.  Every one of us doesn't know how to have an accurate prediction in Bitcoin price, it will fluctuate in the unknown direction which may lead to us a huge loss if ever we made mistake.

Research on your own and see around how far Bitcoin had these achievements, we're now on mainstream, and people around are almost all aware of Bitcoin through the help of those institutions that adopted Bitcoin.  I think the price will keep rising throughout this year.  There might a short correction but it will always end up rising the price.

Looking at the bitcoin market movement today, i had to reflect on this thread again. We see how the price of btc dipped from 40k to 33k, what a decline!
i feel, $7K correction is a small correction but a huge correction. But, to those that have already made loss, there is every tendency that it will either rise or fall but i feel if you have already made loss, you should consider either to continue to hold or you sell.

[Bitstar_coin]

The market is falling and nobody knows how low it will go, if you haven't taken profit before and was waiting for more pump i guess this is the time to think wisely and do the needful, if btc will dip even lower, best idea is sell and re-buy from bellow, what am not happy about is alts are also affected in this dip, only few alts where able to pump real good, but now both the alts that pump and the ones that didn't pump will all suffer 

[Eureka_07]

I'm no expert, but in my case, since I don't hold long for now, I sold some when bitcoin's value was $32,000+ I'm not sure and I'm in doubt that bitcoin will continue to achieve new ATHs this month, or next. It's even really hard to tell what will be the floor price of btc before it went up again (assuming it will).

[Peanutswar]

Again the market is volatile we have different risk management if you think you already got a profit why not pulled it out sometimes greedy takes us to our graveyard. If you think that's enough pull it back if not go hold for the meantime. Always at the last is the regression. Now this serves as a lesson to your life for the next upcoming market movement.

Right now the market price of the Bitcoin from 40k USD it's already downfall to 31k is this another correction for investment or already falling market. You decide again to take back another chance.

[itovault]

My opinion is that you should re balance your portfolio to match your risk and reward preferences.  After any coin goes up by a ton, it makes sense to rebalance to meet your portfolio needs.

[mezzaluna]

The time to take profit in your current Bitcoin HODLing is the time when you only needed money. As long as you want you bitcoin to grow, its only natural to just let it grow and just try to invest on other Cryptocurrencies. Its only normal if you want to spend you earnings in the things that you want because its also another income generator for our luxury needs.

[Innerpumper]

when bitcoin was at its lowest point at the time, with TA predictions we would know the lowest price of bitcoin at that time. After buying we must also predict otherwise. Currently bitcoin is experiencing a correction I think some of the investors are doing panic sell. Hope it ends soon because some altcoins are affected.

[Casdinyard]

Answer depends to your satisfaction as an investor. I've read a line before "you cannot take all the profit in this industry" in which I think is valid. The market is unpredictable so we really cannot foretell what could happen next. You may continue holding within a rally but until when? Selling 'early' just because you thought there is a possibility for a downtrend to occur, is not a mistake I guess because you just chose to secure the profit. The mistake in my opinion is selling in order to cut the loss knowing that there is still a chance for recovery. You won't regret if the situation will go as what you have expected it to be, but that doesn't go in this market. Sell if you must  hold if you can, that's how I understand this industry.

[Jowex]

Well... Buy and Hold!!!

I believe in the project and Bitcoin is only going to rise and rise.

But an important concept you have to know is that the prices never rise straight up.

They are corrected sometimes, so the market can have a breath.

If you still want to have some short profits, I highly recommend you to learn Fibonacci. (Not going to explain everything i know, but i will try to introduce you to some concepts)

If you use the graphic, and put the timeframe of the candles on 24h, you can select a "bottom price zone"  and a "roof level zone",

and you will see lines with numbers like - 0,382 ; 0,5 ; 0, 618 and etc. These are the possible sizes of the price correction.

I am going to send a print for an educational purpose.

I hope that this can help, and sorry if my technical english is not the best.

https://invst.ly/tf5zs

[kolesozw]

I started being nervous around $35K and I sold most of my coins around $38K. So it's up to you when you will start feeling nervous and wouldn't able to hold up!

Btw, if Bitcoin drop under $30K, I plan to re-enter for the same amount of coins I sold and keep the $$$ difference for a nice vacation

I don't know should I be happy or not about the falling Bitcoin. BUT I've managed to re-enter around $32K for I sold at $38K, and now I have enough fiat for a nice vacation.

I plan to repeat the exercise if Bitcoin raises again over $38-40K.

[Fredomago]

The time to take profit in your current Bitcoin HODLing is the time when you only needed money. As long as you want you bitcoin to grow, its only natural to just let it grow and just try to invest on other Cryptocurrencies. Its only normal if you want to spend you earnings in the things that you want because its also another income generator for our luxury needs.

If you are practical and you do believe that Bitcoin is not done yet, exchanging your coin when you need some money is the right thing to do, those profits are free money to use.

Keep your investment and continue being patient, there are lots of things to happened along the way, bitcoin currently experiencing corrections it's not good to sell it out during this panic situation if you ain't got the right knowledge about re entering your position, better to cool down and continue your long term journey.

[wxa7115]

The price of bitcoin started rising from 15k to 20k,from 20k to 25k, I thought it has reached the last increase this season.

The following day I saw a bullish movement again, I saw movement from 25k too 30k. I thought it will be too risky to buy when it was at 30k, but it kept rising until it was 32k. I bought some Satoshi at that price level.

Few days later it rose to 33k and started a bearish movement to 31k, I was already loosing my hard earned cash. I hastily converted it to etherum because it was performing better.

I later discovered that I made a very big mistake by cashing out at a loss, I would have waited a little. A week later, Bitcoin rose to 40k plus.

I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

First of all you need to decide what you want to be? Do you want to be a trader or a holder? If you want to become a holder then you need to buy at a time in which the price is relatively low and then hold for as long as you can, probably years and if you can decades.

However by your post it seems this is not for you because a small drop in the price made you sell your coins, so the other option is to become a trader, one possibility is that whenever you see a correction that goes above a certain percentage that is when you chose to sell, this will protect your capital in the case the price keeps going down and it could be a good moment to take profits.

[Fatunad]

snip

First of all you need to decide what you want to be? Do you want to be a trader or a holder? If you want to become a holder then you need to buy at a time in which the price is relatively low and then hold for as long as you can, probably years and if you can decades.

However by your post it seems this is not for you because a small drop in the price made you sell your coins, so the other option is to become a trader, one possibility is that whenever you see a correction that goes above a certain percentage that is when you chose to sell, this will protect your capital in the case the price keeps going down and it could be a good moment to take profits.

Selling on a small drop doesnt mean that he isnt a hodler yet anyone can really be considered one but the length of time on where they do tend to hold of is what make the difference.

Trading up actively isnt something that someone could easily able to pull it off thats why majority of them do end up on holding for long term rather than on playing with some moving price
actively in the market.

When to take profit into your bitcoin holding? As long you do see greens or gains and that what matter most, neither if you do just simply hold or do make some active trades.

[itovault]

Like the other posts have mentioned, if you can't hold, then you're a trader.

If you're a trader, you better have a strong quantitative background and have some computer programs that you write to help you predict the future.  After all, that's who you're competitors are.  If you don't have a financial background in quant trading, and you find yourself a trader, then you're in a losing position.

All that is to say is that unless you're a quant, you're better off holding versus optimizing like this.

[abderrazak belkhir]

If you are a short term investor i think you must sell in the beggening of the red market season...lets imagine that you boght bitcoin at 20k and the bitcoin start rising and hit the 40k...now the bitcoin turn back to 37k in few hours i think this is the right moment

[AmoreJaz]

I started being nervous around $35K and I sold most of my coins around $38K. So it's up to you when you will start feeling nervous and wouldn't able to hold up!

Btw, if Bitcoin drop under $30K, I plan to re-enter for the same amount of coins I sold and keep the $$$ difference for a nice vacation

I don't know should I be happy or not about the falling Bitcoin. BUT I've managed to re-enter around $32K for I sold at $38K, and now I have enough fiat for a nice vacation.

I plan to repeat the exercise if Bitcoin raises again over $38-40K.

lucky for you to cash out before it plummets to its current price. it is interesting what will happen in the next coming days, will it slowly regain its position or will continue to fall? because for those big holders of btc that acquired it at 20k level, even selling it at 30k will be a huge profit for them. now, we will monitor how the market performance will be in the next days to come. it will be opportunity for others who are waiting for this drop though.

[oktana]

Before asking when to take your profit, I think you should ask when to invest. Firstly, when investing in anything(Bitcoin or not), it is wise to invest an amount you can easily forget. The reason you were obsessed about the price movement is because the "hard earned cash" you invested was big to your pocket. So, invest what you can forget; what you can afford to lose. To me, this is more important than buying at a low price.

[GeorgeJohn]

Guy no one predicts the increments or decrease of cryptocurrency perfectly because your wish might not be direction of bitcoin marketcap at a moment, because bitcoin going up and down some many people make profit and other people also loses due to when them purchase and when them sell, the only thing I know vividly concerning people to lose btc is due to fear of the market that make so people sell at wrong time and is also out of greediness make bitcoin to fall with people supposed profit, so in all ramifications when op convert's the btc is to ethereum, I think is right time because btc might go back to 20k instead of 30k, so since profit is involved for no less than two days investment, I think nothing is wrong about the investment.

[KennyR]

I think, everyone has the right to decide at any time when you want to cash out we all know that in just one second everyone can suffer like for example, Bitcoin prices are high then you need cash, trying to sell is the best while the price is still at the top, moreover, just give yourself a chance to set aside what needs to be done as well, do not wait for others to benefit from your earnings.

The market can't be predicted with ease. Even the experts making big revenue through the market fluctuation doesn't know which is the right time or the peak point to sell bitcoin. Everything is done on some random guess and calculation based on the market changes with time. I always prefer cashing out of bitcoin when in need during the time of price growth.

[tinopener]

One strategy is 50/50.

When you take profit (hopefully at an ATH), keep 50% and buy the dip with the other 50%.

[Genemind]

During the bull season especially when BTC hits ATH or at the current high, it's difficult to decide whether to take profit or to keep on holding. It is even difficult what would be the lowest dip once BTC price starts dropping. For me, once you have sold for profit I stopped looking at the market to avoid having regrets for income opportunity that I have lost. I sometimes secure my capital and leave my profit just in case the market keeps on rising. It all depends on your risk management.

[rhodelmabanal]

The profit from the bitcoin holdings is depend on the holders limitation, if you reach the limit then you can withdraw the profit. I see that the people now a days is becoming more practical because some of the traders now a days is also holding some bitcoin in preparation for the rising of the price. Maybe bitcoin will soon become more popular and it will continue to rise so we need to be more careful, investing bitcoin today is really risky so let us wait and have some more patience for good.

[wxa7115]

snip

First of all you need to decide what you want to be? Do you want to be a trader or a holder? If you want to become a holder then you need to buy at a time in which the price is relatively low and then hold for as long as you can, probably years and if you can decades.

However by your post it seems this is not for you because a small drop in the price made you sell your coins, so the other option is to become a trader, one possibility is that whenever you see a correction that goes above a certain percentage that is when you chose to sell, this will protect your capital in the case the price keeps going down and it could be a good moment to take profits.

Selling on a small drop doesnt mean that he isnt a hodler yet anyone can really be considered one but the length of time on where they do tend to hold of is what make the difference.

Trading up actively isnt something that someone could easily able to pull it off thats why majority of them do end up on holding for long term rather than on playing with some moving price
actively in the market.

When to take profit into your bitcoin holding? As long you do see greens or gains and that what matter most, neither if you do just simply hold or do make some active trades.

I suppose that we must have different definitions of what it means to be a holder because at least to me a holder is someone that is able to keep their coins for a long time despite the price of their coins moving against him in a significant way, the point of being a long term holder is to keep your coins for long enough to guarantee your profits and if you sell them as soon as there is a small correction that goes against you I think you cannot consider yourself as a holder.

They'll be closer to be a swing trader or a positional trader and while you can make money with those two different styles of trading the skills necessary in order to do so are completely different.

[Asuspawer09]

There are so many predictions in the market but no one really can accurately predict what gonna happened next in the market price of bitcoin.

So so might not make a good decision all the time but the most important thing is your buying low and selling high at that point you did make a profit already, some people have their own plan selling a small percentage when the market price is pumping, and then sell a big percentage when the price is already getting a big resistance.

I mean it's not really a loss when you did make a profit in your investment, you could always go for a long-term investment when it comes to bitcoin so selling a small volume could always be a good option.

[qwertyup23]

This highly depends on your current/actual circumstance.

If you are aiming to take a profit, then you can withdraw your bitcoins the moment the price is higher when you initially acquired them. In this circumstance, you have already profited and reached your goal.

In the second circumstance, you can also HODL a part of your bitcoins and save the other for long-term investing. Although I do acknowledge that there are investors who have hundreds of btc, I would recommend doing the first instance that I mentioned.

[seramania]

It looks like you are late taking profit from bitcoin, but if you feel confident and ready to risk when you hold up to $ 40k coins maybe you should start buying from now. but the risk is big, because anytime the price of bitcoin can drop dramatically and it makes you have a big risk

[jqprez]

I think now is the last call for take profit.  The halving effect is end and we must wait others 3 years.it is not to be determined whether it will collapse but when it will collapse. in particular, miners who have purchased latest generation equipment will tend to sell to return without finding who is buying. The $ 40k is just a red herring to sell miners. The sellers themselves tend to keep the price high, when they have sold the miners there will be the effect described above.

[sapnu]

This highly depends on your current/actual circumstance.

If you are aiming to take a profit, then you can withdraw your bitcoins the moment the price is higher when you initially acquired them. In this circumstance, you have already profited and reached your goal.

In the second circumstance, you can also HODL a part of your bitcoins and save the other for long-term investing. Although I do acknowledge that there are investors who have hundreds of btc, I would recommend doing the first instance that I mentioned.

That is also depending on the timeline when you bought that bitcoin. Because if you bought it when the price is at a low price, and by looking at the price of bitcoin as of now, you can actually sell it now. But if you want to make more profit, you can still hold it. But if you bought some bitcoin at the start of its rising, you can take profit but not that big enough. It depends on your decision also, since it is your own money. Long term investing is indeed good since it is less hassle and less stress. Short-term trading is really depressing because since bitcoin is really volatile in terms of price you have to make a good analysis of the movement of its price.

[Mahanton]

It looks like you are late taking profit from bitcoin, but if you feel confident and ready to risk when you hold up to $ 40k coins maybe you should start buying from now. but the risk is big, because anytime the price of bitcoin can drop dramatically and it makes you have a big risk

When you are a long term holder then entering the market wouldn't really be an issue because you do go for future prices and recent declines or possible ones wont really be that a problem
since you wont really be selling on that time.When you do make out shorter trades then this is where you do mind off too much towards your position neither it is already the best time
to buy or would rather wait a little bit more before you do make action.It all matters on someones analysis because we do react or make move basing on what we had studied on what we had analyzed.
On the question is on when to take profit from bitcoin holding then its just simply pertaining or do talk about profits.When you see green then that would be the indication.

[coolcoinz]

I think now is the last call for take profit.  The halving effect is end and we must wait others 3 years.it is not to be determined whether it will collapse but when it will collapse. in particular, miners who have purchased latest generation equipment will tend to sell to return without finding who is buying. The $ 40k is just a red herring to sell miners. The sellers themselves tend to keep the price high, when they have sold the miners there will be the effect described above.

Are you some kind of prophet? You remind me of those people who a few weeks ago were hyped about the new high and predicted 100k in 2021. It's those people who, like you, are now saying that we're entering the bear market when no charts are showing it yet. This would actually be the first bear market to start without a serious crash. The weakest and most boring turnaround ever.
If people like you are getting out now it means we're about to enter the real bull run where some of you will exit the market with regret and some others will wait and then buy the top.

[Yatsan]

When to take profit from your current holdings with Bitcoin os duly up to you because you will be the one who will benefit on that and not us. It is duly dependent on your situation if you are seeing that you are in need to pull out some to take your profit or you would take risk on holding into it no matter what the market situation is. If you have other sources of income, better hold your Bitcoin into the full extent you can attain but if you are really in need, then it is up to you to take profit or just consider to keep holding it since you are believing that it can grow further more in the future compared to what it is right now. You do not always need to keep up in the trend of keep on holding for we are not standing on the same position. If you need it, then pull it out. But if you don't, keep holding.

[Yamifoud]

I think now is the last call for take profit.  The halving effect is end and we must wait others 3 years.it is not to be determined whether it will collapse but when it will collapse. in particular, miners who have purchased latest generation equipment will tend to sell to return without finding who is buying. The $ 40k is just a red herring to sell miners. The sellers themselves tend to keep the price high, when they have sold the miners there will be the effect described above.

Quite you are seeing it.
Honestly, Nobody knows if this will be the end of the bullish season. Yeah, you are right saying selling it now will give us a huge profit especially when you are buying Bitcoin during the bear season but for those who just buy Bitcoin in the past few days, you'll be thinking it hard or just take small chunks to sell.

@OP, it is up to you to decide. For me, I'll take every chance I saw in the market and that holding for a long-time is an option for us also if we are not yet satisfied with the price to sell.

[Ryker1]

^[snip]
@OP, it is up to you to decide. For me, I'll take every chance I saw in the market and that holding for a long-time is an option for us also if we are not yet satisfied with the price to sell.

Well, I agree about this point.
There is no specific date or amount when you took your profit from bitcoin, but just set the desired amount or goal amount that you wanted to have as a profit. In the short term, it is expected that you will earn small amounts because you will always afraid of getting down, once you have this, it is very easy to get profit by simply watching the market trend. For long-term investment, I 100 % sure you will have a profit, it could be also double the previous price when there is bulisshtrend soon.

[Twentyonepaylots]

This highly depends on your current/actual circumstance.
If you are aiming to take a profit, then you can withdraw your bitcoins the moment the price is higher when you initially acquired them. In this circumstance, you have already profited and reached your goal.
In the second circumstance, you can also HODL a part of your bitcoins and save the other for long-term investing. Although I do acknowledge that there are investors who have hundreds of btc, I would recommend doing the first instance that I mentioned.

Regardless if you are a huge bagholder or not, the best option would always be the latter. You can never allow your investments to dry up as that is an automatic loss on your part. Regardless if you own a thousand bitcoin or not. It's always better to leave some or if you can a majority of your bitcoins in the wallet rather than cashing them out all at once. That way you can still easily recover the buyouts and you can reliably earn when bitcoin increases yet again price.

[OscarDavidson]

The price of bitcoin started rising from 15k to 20k,from 20k to 25k, I thought it has reached the last increase this season.

Few days later it rose to 33k and started a bearish movement to 31k, I was already loosing my hard earned cash. I hastily converted it to etherum because it was performing better.

I later discovered that I made a very big mistake by cashing out at a loss, I would have waited a little. A week later, Bitcoin rose to 40k plus.

I've made the same mistake as you. I decided to start trading a while instead of keeping holding as I did earlier. I've sold a part of my wallet at $35k and that night BTC reached ATH at $39k 
I figured out that I need to point a mark for me when I'll be enjoyed to cash out. I bought it when the price was $32k and I would be happy to make 400% of profit so now I will wait and hold until that moment. You can do as well 

[BuNga_cute]

My advice is investing in Bitcoin is only for the long term, so you can get big profits. And the most important thing when investing in Bitcoin is
to have patience, it has been proven several times Bitcoin went down and soon the price went up. The mistake of opening the post is that you
can't wait for Bitcoin to rise when the price drops. Or follow my advice on investing in Bitcoin for the long term, suppose you buy Bitcoin now.
Then you HODL at least 5 years, I am sure you will get a big profit.

[kawetsriyanto]

I have set a target to sell my Bitcoin and already prepare for a bad situation. I'll consider selling my Bitcoin gradually if the Bitcoin price moves to $50K. I think it is enough to take profits. While if the price is still below $40K, I will continue holding. I have planned for a long term holding if the short target cannot be achieved.  

[AniviaBtc]

We really have different preferences, predictions, strategies, and etc., to make our bitcoin holding profitable.

Some of us are still scared to sell and still holding until its price doubled the $40k but that's really a huge expectation.

Bitcoin's price needs a lot of time to reach other people's goal like $70k, $90k, or even $100k before they cash out. I'm not against them but I know that it will really take a lot of time for that to happen that's why I somehow seize the opportunity to benefit this bullish market.

Right now, bitcoin's price is playing at a range of $34k to 38k which is really a confusing to monitor in the market.

[finn.cole]

The price of bitcoin started rising from 15k to 20k,from 20k to 25k, I thought it has reached the last increase this season.

The following day I saw a bullish movement again, I saw movement from 25k too 30k. I thought it will be too risky to buy when it was at 30k, but it kept rising until it was 32k. I bought some Satoshi at that price level.

Few days later it rose to 33k and started a bearish movement to 31k, I was already loosing my hard earned cash. I hastily converted it to etherum because it was performing better.

I later discovered that I made a very big mistake by cashing out at a loss, I would have waited a little. A week later, Bitcoin rose to 40k plus.

I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

Don't be so afraid of the dumps and pumps in the price of bitcoin. It's a normal thing! The price can never stand still, it's volatile. Just keep holding. Now it's just such a period when everyone rushed to sell their bitcoins, so the price dropped. Wait a little more, the price will rise again and then you can sell bitcoins.

[Furious 7]

I have set a target to sell my Bitcoin and already prepare for a bad situation. I'll consider selling my Bitcoin gradually if the Bitcoin price moves to $50K. I think it is enough to take profits. While if the price is still below $40K, I will continue holding. I have planned for a long term holding if the short target cannot be achieved.  

If we have targeted a sufficient profit then it is better than having to wait for an uncertain one with a high price, 36k is likely to crawl upwards again, but what is certain is that after the increase occurs we have targeted selling at what price because that's the most important thing I don't will hold longer if profit is near because for me even though the time is a week but the target has reached then I will sell it.
Manage funds better there are still some potential altcoins but 50% handle on bitcoin.

[Sithara007]

I have set a target to sell my Bitcoin and already prepare for a bad situation. I'll consider selling my Bitcoin gradually if the Bitcoin price moves to $50K. I think it is enough to take profits. While if the price is still below $40K, I will continue holding. I have planned for a long term holding if the short target cannot be achieved.  

If you want to sell your coins gradually, then you need to come up with a well defined plan. You should be sure about how many coins you want to sell, at a particular target price. Honestly I think that 40K is a bit too low. Bitcoin has the potential to move much further up. But in order to reach those levels, you may need to wait for a few years. If it is not possible to wait, then obviously you can go ahead with your current plan.

[inanilujimi]

If you realize you have chosen to suffer losses rather than have to profit from bitcoin, by buying expensive and selling when the price drops you are not sure about bitcoin. Bitcoin is very fluctuating especially after reaching a new ATH, of course its value is difficult to predict but I personally believe the price will continue to increase over time even though there will be a correction, but that's a natural thing dude.

[imstillthebest]

i think you already answered your own question .
that is when you realized that you have done a mistake .
when the volatility is high or scary as you named it , you should hold still and dont heavily think of cashing out but the most important part of that situation is to not loss what you have invested  .
 holding at a loss is better than selling at a loss and i though you bought btc at 30k but why your lossing when btc drop from 33k to 31k , your still in profit but you will start loosing if btc drop below your starting buying price and that was under 30k

[sammyp]

What you have just experienced is part of the "life cycle" in cryptocurrency.  You need such experiences to build a very strong foundation for your investment in bitcoin. At least you have a second chance to buy back as price has dropped back to your buying price range. But this time, set a selling price for yourself and be willing to wait no matter how long it takes till your target is achieved. I wish you well

[jqprez]

I think now is the last call for take profit.  The halving effect is end and we must wait others 3 years.it is not to be determined whether it will collapse but when it will collapse. in particular, miners who have purchased latest generation equipment will tend to sell to return without finding who is buying. The $ 40k is just a red herring to sell miners. The sellers themselves tend to keep the price high, when they have sold the miners there will be the effect described above.

Are you some kind of prophet? You remind me of those people who a few weeks ago were hyped about the new high and predicted 100k in 2021. It's those people who, like you, are now saying that we're entering the bear market when no charts are showing it yet. This would actually be the first bear market to start without a serious crash. The weakest and most boring turnaround ever.
If people like you are getting out now it means we're about to enter the real bull run where some of you will exit the market with regret and some others will wait and then buy the top.

The difference is: 100k never seen. Now we are around 30k...

[UmerIdrees]

The price of bitcoin started rising from 15k to 20k,from 20k to 25k, I thought it has reached the last increase this season.

The following day I saw a bullish movement again, I saw movement from 25k too 30k. I thought it will be too risky to buy when it was at 30k, but it kept rising until it was 32k. I bought some Satoshi at that price level.

Few days later it rose to 33k and started a bearish movement to 31k, I was already loosing my hard earned cash. I hastily converted it to etherum because it was performing better.

I later discovered that I made a very big mistake by cashing out at a loss, I would have waited a little. A week later, Bitcoin rose to 40k plus.

I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

No one can tell you exactly as when you should take the profit. If i were you, i would have taken my initial investment out and then keep the remaining bitcoins and hope we will get a big bull run this year. Although currently the bitcoin price is struggling to go above 35K, but i hope this resistance will be overcome soon.

[Wipeout2097]

Actually give-up for withdrawal if you got maximum of losing continueously.Mostly professional traders believe in Bitcoin,My portfolio HODL Bitcoin and not anxious to hold it for a longer time indeed in the event that the cost begun to go down, and I as it were attempt cash out a few when I require it. Contributing presently is in fact unsafe since we are not beyond any doubt until when it'll proceed to rise but I figure you ended up warier around getting misfortunes since it went down a small bit that leads you to a misfortune increment of benefit.

[Bitcoin577]

Before buying bitcoin you should make a target price for example 20% 50% profit and when ylu achieve your target exchange your token
This is very simple and legit technic i use oftently. Reason is that bitcoin price is not stable and everything can be happen in market.
So better idea to wait for goal amd take profit.

[angrynerd88]

Offering on a little amount doesnt cruel that he isnt a hodler however anybody can truly be considered one but the length of time on where they do tend to hold of is what make the difference. Trading up effectively isnt something that somebody may effortlessly able to drag it off thats why lion's share of them do conclusion up on holding for long term instead of on playing with some moving price actively within the cryptomarket.

[CarnagexD]

You can earn profits from it as early as right now actually, just don't dry your investments out and you should be good to go. Plus you can use some of the money you withdrew from your initial bitcoin holdings to invest in more ventures which will give you more chances to earn more money, which is a good thing.

Before buying bitcoin you should make a target price for example 20% 50% profit and when ylu achieve your target exchange your token
This is very simple and legit technic i use oftently. Reason is that bitcoin price is not stable and everything can be happen in market.
So better idea to wait for goal amd take profit.

Or he can simply buy it, undoubtedly, he's going to make more money buying at a lower price, but with bitcoin rising uncontrollably right now, the lowest price guaranteed will be the current price.

[Argoo]

Bitcoin holds a special place in our investments. Since it is constantly growing in price over a long period of time, it is generally not advisable to sell it. If we want to have additional profit, then we can sell it partially at clear peak prices and buy at obvious low drops. In all other intermediate cases, our actions will be almost random in terms of profit.

[aysg76]

The price of bitcoin started rising from 15k to 20k,from 20k to 25k, I thought it has reached the last increase this season.

The following day I saw a bullish movement again, I saw movement from 25k too 30k. I thought it will be too risky to buy when it was at 30k, but it kept rising until it was 32k. I bought some Satoshi at that price level.

Few days later it rose to 33k and started a bearish movement to 31k, I was already loosing my hard earned cash. I hastily converted it to etherum because it was performing better.

I later discovered that I made a very big mistake by cashing out at a loss, I would have waited a little. A week later, Bitcoin rose to 40k plus.

I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

The volatility factor is here to stay for a longer period of time and you will also witness market crash,dips,price boost and its really depend upon you to decide entry and exit point of the market.But if you can wait for longer period of time and have patience until that time just HODL for that time period.The prices are once again rising and have reached $48k level but it's just a kickstart for major boost which are yet to come.

Imagine 5 years later the prices have reached to $200k and have crash to $140-$150k will it still matter to you at that time if you have invested at $50k or lower when you have 4x investment in such short span of time because negative people will still be calling it bubble.Lol

So it's upon you whether you want to stay or not depending on your needs or profit margins (usually everyone wants high returns) but advice is to Hold for longer period of time because you fiat will be depreciated with rise in inflation and BTC will help you to secure your future with high profits and payment methods.

[best123]

When it comes to trading, we sell based on the level of our greed. I never regret selling any coin. We sell based on the price we bought.

[Sanugarid]

The price of bitcoin started rising from 15k to 20k,from 20k to 25k, I thought it has reached the last increase this season.

The following day I saw a bullish movement again, I saw movement from 25k too 30k. I thought it will be too risky to buy when it was at 30k, but it kept rising until it was 32k. I bought some Satoshi at that price level.

Few days later it rose to 33k and started a bearish movement to 31k, I was already loosing my hard earned cash. I hastily converted it to etherum because it was performing better.

I later discovered that I made a very big mistake by cashing out at a loss, I would have waited a little. A week later, Bitcoin rose to 40k plus.

I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

It actually depends on your trading strategy and plan but no one can predict if the BTC will go up or down on a specific time period. Well, my advice is if you gained 50% profit on your trade just take it or else you'll lose the opportunity to sell and it doesn't matter if it will go up if you're not sure. Holding even if it means loss depends on what type of trader you are, if you're into long term then its not much of a problem for you but if you want daily profit then you're in a big trouble

[Vishnu.Reang]

The most important thing to remember here is that you don't need to sell all of your coins at once. You can have multiple targets and you can sell small amounts when each of these targets are achieved. This will reduce the risk of losing out if BTC spikes to six-digit figures in the future, and also it will reduce the overall tax bill as the profit booking is spread across many years. I have followed this strategy ever since I first made my investment with BTC (2017), and it has benefitted me greatly.

[DarkDays]

Bitcoin holds a special place in our investments. Since it is constantly growing in price over a long period of time, it is generally not advisable to sell it. If we want to have additional profit, then we can sell it partially at clear peak prices and buy at obvious low drops. In all other intermediate cases, our actions will be almost random in terms of profit.

I agree. The long term prospective of BTC is a prosperous one. So, unless you're in for the short ride you don't need to worry at all about the market situation.

Just come back in 2-5 years time and then you'll be happy you held.

The constant stress and worry with this strategy is just not worth it 

Get the strategy right, and plan accordingly, then nothing can hurt your portfolio

[XZERO1]

I want you to comment on this scenario, when should one cash out, as the volitality of the market is very scary.

What's your advice? Is it keep holding? What if keep holding means holding at a loss?

Maybe cash out half and keep the rest for the possible next move/s up?

There's no definite answer to these kind of questions, but it makes way more sense to take profit at least partially just in case it starts going down, so you don't lose all the profit you made at this point, nothing will go up forever and correction are a part of every market and you don't want to end up panic selling when that happens.

[giantrobot]

It is all about the need, and not about the market rise. Myself too cashed out my campaign payment when the price was close around $36000. In a days time it has crossed $40000. What to do, I've met the need and if I had patience I would've got some extra pennies. No one is sure of the volatility limit as well as the peak value of bitcoin.

No one can know the peak value of Bitcoin. It can be up and then suddenly low down quickly. So I bought Bitcoin and kept them until I had the words I sold.

[geegaw]

It is all about the need, and not about the market rise. Myself too cashed out my campaign payment when the price was close around $36000. In a days time it has crossed $40000. What to do, I've met the need and if I had patience I would've got some extra pennies. No one is sure of the volatility limit as well as the peak value of bitcoin.

No one can know the peak value of Bitcoin. It can be up and then suddenly low down quickly. So I bought Bitcoin and kept them until I had the words I sold.

Well, culminating in a vague concept for a large project like bitcoin as it will deliver a lot of new value over time, if we are enchanted by the event, we won't find a time to take profits, hence the principle is to always take profits gradually and not to set any fixed profit targets in bitcoin. This may cause us to get a bit of a loss if we miscalculate our goals but in parallel with this mistake, we will be equipped with a certain security, at least the money will go to the wallet, instead of fluctuating everyday

[dificanovi]

I have taken advantage of the bitcoin that I have held for 1 year, I took it at the end of 2019. I have been holding it for 1 year and in 2019 I think is the right time to take advantage of the results of holding bitcoin. I still have bitcoins because I didn't sell all the bitcoins I have, I will hold it for the next 2 years. I continue to think positively about the development of bitcoin in the future, I am sure the price of bitcoin will continue to rise.

[AllGoodNamesAreTaken]

Now