When to take profit from your current bitcoin holding.

[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 

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[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