When to take profit from your current bitcoin holding.

[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

[1715061936]

1715061936

[1715061936]

1715061936

[1715061936]

1715061936

[1715061936]

1715061936

[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.