Who else wakes up every day asking if this is the day I'm taking some profits

[AbernathyFray]

Sometimes is a defensive thought, sometimes its an offensive one.  I'd never sell it all, but converting some to another tangible asset has its merits.

[bitmover]

Sometimes is a defensive thought, sometimes its an offensive one.  I'd never sell it all, but converting some to another tangible asset has its merits.

I think it is worth taking a few profits along the way.

I think it is very interesting to sell about 1-10% when you reach 1000-10000% profits.

Then you can reduce a lot of your invested capital, reducing your risks and you will fell better when the price crashes again. As you will have some capital to buy back.

[BevNation]

I would have said me but obviou, no one wakes up to make some loses so pretty much, everyone. Profit is the reason why most persons or every one goes into business or investments. So if you don't want to make profit in a day's work, why work at all!

[bassbity]

I think it goes back to your needs. because holding assets in the form of cryptocurrency you have to think about future profits, so just take your profits as appropriate, and leave some of your assets in the long run. in managing assets and side by side with needs is very difficult to control. Therefore, you must be good at managing all the benefits that might cover your daily needs.

[finn.cole]

I think this is just a moment now when it seems that nothing will work. Me neither at first thought that all this had no meaning and I wasted my money nowhere. But the main thing here is to be patient. Nothing happens right away. Wait a bit and you'll start making a profit.

[Eureka_07]

Maybe that depends on how much profit you could have if you will decide to take them out now. If you brought it at $30,000, I strongly believe that it isn't the right time for you to sell. The market is still strong at $30k+, I believe it has more to offer before going dip(if it will happen).

[mrdub]

I came out 100% when it reach $39,500. Got hit hard in the 2018 crash by being greeddy and believing the shills with their talk of TO THE MOON. I believe BTC will go to the moon, but it will be a sawtooth pattern and take a long long time.

I strongly believe a big crash / rectification will come soon, then will go all in and double maybe triple the coins I had

[arbiter5]

Complete opposite for me. I wake up everyday thinking if I should buy more bitcoin.

[7788bitcoin]

I have a target set for a portion of my coins and i will get notified when the price reaches those valuation and then i will take my position, during the pandemic i was forced to sell some of my holdings due to personal reason even though i will not sell if it is a normal situation. Even when i was selling i was hoping that we will see a correction but that never happened.

[Poker Player]

I think it is worth taking a few profits along the way.

I think it is very interesting to sell about 1-10% when you reach 1000-10000% profits.

Then you can reduce a lot of your invested capital, reducing your risks and you will fell better when the price crashes again. As you will have some capital to buy back.

That is kind of what I'm doing. That way I don't rely on emotions. I sold a bit when we passed $20k, some more when we reached $35k and I'll sell a bit when we reach $50k. That way I always remain mostly invested while I can enjoy some of the profits.

[kentrolla]

Sometimes is a defensive thought, sometimes its an offensive one.  I'd never sell it all, but converting some to another tangible asset has its merits.

I think it is worth taking a few profits along the way.

I think it is very interesting to sell about 1-10% when you reach 1000-10000% profits.

Then you can reduce a lot of your invested capital, reducing your risks and you will fell better when the price crashes again. As you will have some capital to buy back.

You are right, this works for me as well when ever I buy at higher price I use to buy it again if the price drops as soon as the price goes up immediately I will try to average it and sell it best price, I always feel that avoiding loss is also a part of making profit because if the price goes down continuously then there are more possibilities for huge losses also we do have lot of benefits like dumping money can be avoided and we can trade it again and again.

[Fesatmas]

Sometimes is a defensive thought, sometimes its an offensive one.  I'd never sell it all, but converting some to another tangible asset has its merits.

The question is whether this principle applies to all types of crypto assets or only part of it, bitcoin and ethereum believe this principle will apply.
but what if that applies to other cryptocurrencies? where do we often witness the temporary power of hype and fomo? because in utilizing part and part of holding it as a whole in my opinion will not be perfect.

[hatshepsut93]

I only think about it when Bitcoin is at ATH, which happened a lot recently, and I even did take some profits and I'm not regretting it, it already allowed me to buy myself some useful things, with more coming in the future. If you're just hodling and hodling for years, denying yourself any pleasures while waiting for Bitcoin to cost $1 million, you might just waste all your life and end up being a rich old person who can't enjoy their wealth fully.

[ropyu1978]

everyone who jumps into investing must all want more profits. those who want losses. what we have invested, yes, it is only natural that we ask ourselves how much we should take profits today. in my opinion we will definitely take a little profit.

[xSkylarx]

I think it is very interesting to sell about 1-10% when you reach 1000-10000% profits.

This amount of gain does not happen that often and it only does on very low cap altcoins which is very difficult to know what could increase that much in the future. If I would experience that kind of gain I would probably sell all that coin at 1000% gain. That coin with that kind of gain will surely have a pullback and you don't know how deep it will be, if that happens you will just regret it because you did not take the opportunity to sell it when it was at peak price.

[ikatancrypto]

I think it all depends on the needs, because the needs of each are very different. there is nothing wrong with selling everything if there is an urgent need, and there is nothing wrong with selling half of our crypto assets. because some are indeed crypto is the main job and some are making side jobs.

[Kylapoiss]

I took my profits years ago, now it's just a ride to the moon

[bitzizzix]

Don't be too stingy if you already have big profits because as long as you have bitcoin and it continues to increase, your profits will continue to be made.
I personally always take the opportunity when the price of bitcoin goes up and it is profitable to sell it in small quantities and only for necessities or wants that must be owned or needed.
and sell only a fraction of the initial capital which I always use when needed and when the price goes up, and I still keep my previous profits and hope to double or more when there is a new ATH, and I love that activity when the price is still below 20K and when the bitcoin price hit the new ATH and beyond, I really enjoyed it.

[JimboToronto]

I'll take my profits in Bitcoin thank you.

When I do spend some, it's not based on the price of Bitcoin but on the availability of what I want to buy or the necessity to purchase.

Take this private lake for example. When it became available I considered it a once-in-a-lifetime opportunity. A private lake is something I always dreamed of owning.

I started using some of my bitcoins to buy dollars back in February in order to buy this lake, despite the fact that Bitcoin was in the early stages of the inevitable rally into 6 digits. As it turns out, my remaining bitcoins are now worth almost as much as my original hoard, despite spending almost $2m.



Selling Bitcoin for fiat currency hoping to buy back at a lower price later is a sucker's game.

[maydna]

I am sure we see our coin's value increase many times, especially this year, as we see that many altcoins and even bitcoin already rise so high. Perhaps, you are waiting for the next high price, your target price, to sell your coin. But the other people still hold their coins and not selling at a high price.

Perhaps you need to know that you are making a profit when selling it to bitcoin, usdt, or sending it into your bank account. If you don't sell it, you only see your coin's value increase, but you will not know if the value will still increase or it will go down in the next minute.