taking profit can be hard sometimes.

[Jackl87]

The best thing is to set yourself a clearly defined price where you sell for example 20% of your holdings then a price target for the next 20% and so on and to keep a small portion of your investment just for the case the whole crypto market really goes crazy and does a 100x.
But i'm also not following this rule strictly to be honest and it served me well in the last few months/weeks. I invested in a few projects that did 20x and more so i am happy right now that i haven't sold when they were at x2.
If the market crashes today than i'm at loss of course.

[criket]

Sometimes greediness can make more money but chances you will lose also because once your coin is pumping, anytime it will suddenly dump. I always set my desired price to sell just to be sure that I gain profit even just a little,  I'm satisfied with my earnings, I don't want to be greedy.

You are lucky to have good control over your assets as well as your psychology. some people still panic seeing the market. in fact, greed is a major disease for every trader and investor. If you have made a good plan and you are consistent with it then you are really good at handling your emotions.

[Apostlekin$$$]

We all have greed in us but many chooses to use it wrongfully, greed can get you more and can also ruin you, this is crypto space, a place where you don't want to slack behind, opportunities will never dry in this space that's why I keep on taking profits, why wait to become a millionaire when you can gather the piece together? A little drop of water can make a mighty ocean

[Claudio99]

Yea  could be very hard if you are a crypto newbie, until you learn some lessons you won't have a different mindset, whales play their manipulation games to lure new investors ( like those who are too greedy ) and they dump on them, crypto investment is all about been smart

[nurilham]

Everything has its risks, first investment. In choosing an investment instrument, starting from buying coins and selling them can be the right choice. Not without risk, with a variety of options to determine the advantages that we have in accordance with your ideas above tend to be more secure with the assurance of increased profits.

Profits with a patient mind can be used as confidence capital to start investing in crypto coins. So, you don't need to hesitate a lot even though you are just starting to invest by thinking of ways. As a suggestion, keep measuring your investment ability so that the risk is not excessive.

[redsun114]

some traders and investors find it hard to take profit even after making good profit on investment. this can be as a result of aiming to sell at a desired price that is higher or hoping to hold the tokens for more longer time.  its not everyone that can do this patiently and some usually regret their actions. the secret is to make decision and stand by it and also be satisfied by little profits , take out your investments and some little profits and then leave the rest for long term.

kindly share your ideas that might be helpful to solving this issue.

There is no way someone can help us control our greed. There must be a balance between greed and panic, while you must not panic when the price is going down rapidly at the same time it is important to not get carried away and get too greedy when a bull run is going on.

I have always been in dilemma when is the right time to sell my coins and the only possible answer I have been able to find is - Around 10% profit is enough to sell my coins, I know at times I could have missed like 200% profit opportunity but that also means I got saved many times from absolute disasters.

One thing I learned with time is to not have regrets because in crypto world having regrets is something you will come across almost every week because some dead coin might become gold over night and some gold might become shit within days so just move on and forget about the chances you missed.

[fia_naila]

In fact itbis not hard to take profit, but it is hard to not to be greedy, sometimes when we bought the right coin and after couple of days the coin is up for 100% or 60%. Our greediness will said " it will goes up even more and you will regret it ", then we will hold the token and after couple hours the token/coin drop to near our buying price then we afraid to see it. And we sell it only 5% profit 😁😁😁.

[FanEagle]

We all have greed in us but many chooses to use it wrongfully, greed can get you more and can also ruin you, this is crypto space, a place where you don't want to slack behind, opportunities will never dry in this space that's why I keep on taking profits, why wait to become a millionaire when you can gather the piece together? A little drop of water can make a mighty ocean

Honestly there is a very very thin line between being greedy and making a lot of money thanks to your greed, and also being greedy and losing a lot of money because of your greed. That thin line all depends on when you get out, and sometimes people do not get out at the right time and they end up losing a lot of money because of it.

I am not a very greedy person myself, so I do not lose too much money and I do not earn too much money neither, I am just making a small amount of money with very tiny risk investments (like buying and holding bitcoin) but compared to rest of the world even being in crypto world is actually quite risky and it does make you a greedy person. That type of greed is not really that important and risky, because you end up with just bitcoin and we know that is not being too risky, but some people go into high leverage stuff or risky brand new tokens, and that is very risky and too greedy if you ask me.

[KimmyF]

some traders and investors find it hard to take profit even after making good profit on investment. this can be as a result of aiming to sell at a desired price that is higher or hoping to hold the tokens for more longer time.  its not everyone that can do this patiently and some usually regret their actions. the secret is to make decision and stand by it and also be satisfied by little profits , take out your investments and some little profits and then leave the rest for long term.

kindly share your ideas that might be helpful to solving this issue.

We shouldn't bind everything into one rule, even if you shouldn't forget what the future is (bullrun). During a bullrun, our expectations must be higher than the bear market. My prediction says this year could be full of a bull market, so why won't I take any risk? Some investors have already taken profit from Bitcoin those bought in the 19k year 2018.

[republicrypto]

some traders and investors find it hard to take profit even after making good profit on investment. this can be as a result of aiming to sell at a desired price that is higher or hoping to hold the tokens for more longer time.  its not everyone that can do this patiently and some usually regret their actions. the secret is to make decision and stand by it and also be satisfied by little profits , take out your investments and some little profits and then leave the rest for long term.

kindly share your ideas that might be helpful to solving this issue.

sometimes people were hoping if the price will grow high and high again, but they forgot if the market didn't work like that
because market will not always up, thats why we need to control our emotions to stay away from greed mate
regards

[Stedsm]

--snip--
take out your investments and some little profits and then leave the rest for long term.

Exactly, that's the mantra towards success in trading.
People don't stick to their decisions and then regret more than they regretted when they didn't sell thinking of higher profits because if markets start to crash (like we saw in 2018), they won't even be left with their specific targets that they had already achieved but didn't get out just because of their greed. I believe that a trader should make up his mind and set a specific target that if he wants to sell at 10x, then 10x only because 1000% is more than enough and even if he is not satisfied with it, he should remove at least 50-75% of his position and leave the rest for whatever targets he wants to reach the trades at. This way, he'll have at least 5-7.5x on hands and remaining 2.5-5x in trade and there's no reason to regret. Regrets should be when you lose, why to regret on profits? What if the markets don't move towards our desired levels?

[SirLancelot]

yes, I think every investor before investing in any coin must be the result of their own research and also have a sales target that they have set in advance. but in many cases it doesn't always work, especially when the price of the coin goes down people start to panic and sell at a loss (although it's not all like that), some are impatient and sell as fast as possible etc ...but for me personally when my coins go up then I will sell some and use my profits to invest in other coins.

Research helps no doubt but even the best tokens must be sold at the right time before they gradually become useless. Then there are coins like dogecoin which are going to the moon solely because of the support it got from Elon Musk and no one could have predicted the growth of dogecoins no matter how much research one does.

It is really hard to take profit if you aren't satisfied with it and you are greedy.

I would actually say being greedy is a good within the crypto market because to get the maximum out of your assets you have to be greedy and extremely confident in your decisions and investments.

[blue_nexus15]

some traders and investors find it hard to take profit even after making good profit on investment. this can be as a result of aiming to sell at a desired price that is higher or hoping to hold the tokens for more longer time.  its not everyone that can do this patiently and some usually regret their actions. the secret is to make decision and stand by it and also be satisfied by little profits , take out your investments and some little profits and then leave the rest for long term.

kindly share your ideas that might be helpful to solving this issue.

Muhn...That is the interesting thing about this market.  Sometimes you get the profit target, but a little greed makes the effort pour into the river.  Anyone will demand and demand a big or small advantage according to a given plan.  But uncontrollable, infinite greed.  It is irrational because of the heightened emotion, the decisions at the last moment always cause some confusion.

[aryana42]

and also believe me not all investors do a thorough research on the project, some of them may just follow the existing data and see that the project will be in demand because of its large fud without knowing in detail what the project looks like.

True, most of these are new investors who don't have much experience in investing in crypto projects, so they just follow what other people say and immediately believe other people's words.

[rodskee]

I can feel that because for how many times i become that greedy mate , there comes a time that My wife is pushing me to convert into Fiat my bitcoin because she thinks it will fall overnight but i denied .
then the next morning the value drops almost half.
But i learned my lessons now mate, i took profit even if the value or the profit stands low at the time because now i believe that it is better to profit 1p0% than to risk and lose that 100%.

[ije07]

yes, I think every investor before investing in any coin must be the result of their own research and also have a sales target that they have set in advance. but in many cases it doesn't always work, especially when the price of the coin goes down people start to panic and sell at a loss (although it's not all like that), some are impatient and sell as fast as possible etc ...but for me personally when my coins go up then I will sell some and use my profits to invest in other coins.

and also believe me not all investors do a thorough research on the project, some of them may just follow the existing data and see that the project will be in demand because of its large fud without knowing in detail what the project looks like.

Many investors just follow what other people suggest without research the project. They are too lazy to do that, and they think that they follow the other people do and make a profit. But that will not always work as we do not know what coin will increase later. Besides that, the investor does not want to take profit as soon as they can do that, but they will wait for a while because they want to make a bigger profit. If so, they will not make that profit but they will lose their money.

But if it's about crypto influncers or the influence of people like the ones you've discussed, then it's easy for you not to rely on people's investments. but it doesn't hurt if you follow the likes of the current hype Elon Musk. only he could increase the DOGE coin price at that time. but a little advice is not to always depend on things like that, so do your own research, manage your finances properly, and be prepared for any decisions you have made at the start.

[TanakabZX]

In 2021 taking profits are hard if you are holding tokens, why? Gas fee is extremely high, if you don't have over 200$ wort of tokens there is no point sending the tokens to exchange , I can live with 20% or 50% gains but the present gas fee is letting me down

[nicecrypto]

some traders and investors find it hard to take profit even after making good profit on investment. this can be as a result of aiming to sell at a desired price that is higher or hoping to hold the tokens for more longer time.  its not everyone that can do this patiently and some usually regret their actions. the secret is to make decision and stand by it and also be satisfied by little profits , take out your investments and some little profits and then leave the rest for long term.

kindly share your ideas that might be helpful to solving this issue.

I totally agree with you. People have made mistakes with this a lot hoping it will still grow some more and eventually missing the mark. You have to know when to take profits, even if you are going for a long term, you should take some profits including your investment to be secure that you are basically now trading with some remaining profits which might not be much pressure on you like if the whole investment is still at stake. 

[mianvicky1]

It is in the nature of man to strive for more, And that is why he has stumbled. Nowadays, the condition of the market is such that it becomes very difficult to make a profit, Because there is a lot of turmoil in the market. Sometimes it happens when you trade on a situation where it is very difficult to get profit from that trade.

[ethereumhunter]

But if it's about crypto influncers or the influence of people like the ones you've discussed, then it's easy for you not to rely on people's investments. but it doesn't hurt if you follow the likes of the current hype Elon Musk. only he could increase the DOGE coin price at that time. but a little advice is not to always depend on things like that, so do your own research, manage your finances properly, and be prepared for any decisions you have made at the start.

It is why the research will be important to do before we decide to invest in any coins. After we research, we should determine how much money we want to use for the investment, so we still have money to buy the coin if the price is down. We can follow Elon Musk's hype, but if we are not careful, we will not take profit like other people because many of them buy dogecoin at a high price without research if the price is already at a high peak or not. It is hard to depend on the influencers if we do not research because that can be like a trap if we just follow them.