When to take profit from your current bitcoin holding.

[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

[1715105883]

1715105883

[1715105883]

1715105883

[1715105883]

1715105883

[1715105883]

1715105883

[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.