UNREALIZED PROFIT IS NOT YET YOUR OWN

[Wind_FURY]

OP, it depends on your own point of view, and your goals. You want more fiat? Then holding Bitcoin is unrealized profit, or loss. You want to HODL, and more Bitcoins? Then simply look at what the current price in fiat is as a guide of Bitcoin’s current “purchasing power”, not profits or losses.

[1714766393]

1714766393

[1714766393]

1714766393

[1714766393]

1714766393

[tbterryboy]

trading and investing are sweet especially when its bringing a positive result where your portfolio is green and rising. the ecstacy of this events drives people crazy and they begin to build hope for maximum profit. human will never be satisfied especially in terms of making money because everyone always want more. however the purpose of profit taking is to have reserves to buy when market is down and to settle your offline and personal needs. taking profits cant be overemphazised. dont sell all your tokens at once, sell in batches and buy back some if there is need to. but dont procastinate profit taking else you might be forced to sell in loss when dips and urgent needs arise like some people did yesterday.

Lol some people are going to tell you that you lack patience and that’s why you’re not able to hold all your assets while price is still going up, and they will be convincing you that the price still have a long way to go.

I tell people that whenever they think the profit is enough for them, it’s best that they sell it instead of continuing holding till they end up losing everything. It’s best that you have gotten something, instead of not getting anything at all.This is why it is important that we have other things that we are doing, so that way when your money is leaving here it is going to another investment that will grow your wealth.

[crwth]

There are a lot of trading strategies that could decide whether or not you can take profit or not. The best thing to understand first about uPNL is that it's paper losses. Unless you are going to close your position with the market, then it would be realized already. Some people who are new to trading wouldn't understand right away, and it should be learned too.

Some people hold positions for the long term because they are swing traders, uPNL that they have stayed for a long time. It would help if you weren't emotional with this. Scalpers or Market Makers usually tend to trade within seconds or minutes, and their uPNL is realized immediately.

There are many cases to consider, and you should decide what type of trader you will be.

[Ucy]

Better to just focus more on buying the significanct dips of only true, useful and safe cryptocurrency with small amount(or amount you can afford to risk).   If possiblle, allocate a certain amount of your money in stablecoin to automatically buy the significant dips while you not available.
I'd advice to only sell parts of your investment when you need some money for other important things in your life.

[FanEagle]

trading and investing are sweet especially when its bringing a positive result where your portfolio is green and rising. the ecstacy of this events drives people crazy and they begin to build hope for maximum profit. human will never be satisfied especially in terms of making money because everyone always want more. however the purpose of profit taking is to have reserves to buy when market is down and to settle your offline and personal needs. taking profits cant be overemphazised. dont sell all your tokens at once, sell in batches and buy back some if there is need to. but dont procastinate profit taking else you might be forced to sell in loss when dips and urgent needs arise like some people did yesterday.

You can technically make the unrealized profit as your own, the "technically" part is you can calculate how much you have guaranteed. For example let's say you buy something from 100$ and it goes to $200 and you put a stop loss at $150 that means you will make at least 50% profit from it guaranteed, it is yours, it will always be yours, there won't be any problem with that (as long as exchange executes your stop loss at the right price) which means unrealized profit can be calculated.

Sure if it is $200 do not calculate it 2x right away, but if you put a stop loss at higher than where you put because it increased, that means you could always consider that as your profit. Otherwise if you do not have that, you will not be able to actually calculate, there is nothing that would allow you to profit without selling unless you put a stop loss in there.

[carlfebz2]

trading and investing are sweet especially when its bringing a positive result where your portfolio is green and rising. the ecstacy of this events drives people crazy and they begin to build hope for maximum profit. human will never be satisfied especially in terms of making money because everyone always want more. however the purpose of profit taking is to have reserves to buy when market is down and to settle your offline and personal needs. taking profits cant be overemphazised. dont sell all your tokens at once, sell in batches and buy back some if there is need to. but dont procastinate profit taking else you might be forced to sell in loss when dips and urgent needs arise like some people did yesterday.

Its no a new thing when we do talk about Greed!

Human beings are naturally greedy which means even if they do saw their portfolio in greens, they wont intend to sell out to secure their profits but rather wait up even more for more possible
gains that they could get.

Even though how many times you are giving them some advice but still they dont listen and just follow on what are the things in their mind.

[Ararbermas]

OP, it depends on your own point of view, and your goals. You want more fiat? Then holding Bitcoin is unrealized profit, or loss. You want to HODL, and more Bitcoins? Then simply look at what the current price in fiat is as a guide of Bitcoin’s current “purchasing power”, not profits or losses.

holding for long term is the best choice for op if he want unrealized profit and yes bitcoin is the key as its proven and tested.. Because doing it in a short period of time isn't advisable, it can cause some problems, especially if he can't handle his emotions on this kind of so volatile ways how to make a good return... Indeed being greedy is the common problem of some traders and investors nowadays.. So he must change decisions in my opinion..

[harizen]

dont sell all your tokens at once, sell in batches and buy back some if there is need to. but dont procastinate profit taking else you might be forced to sell in loss when dips and urgent needs arise like some people did yesterday.

Let people decide on their own on how much they want to buy and sell. It's their freedom after all. And not because they sold all their coins in one wave, that's a wrong move already.

We don't know but maybe they are following some strategies and it's effective for them.

We do have our own approach to any trend. Mind our business as others have their own strategy too. If a certain strategy work for us, it doesn't mean that others will have the same result.

[doctor877]

Greediness is the main reason why most of the traders failed to earn into crypto trading even in traditional trading.
Yes it is that doing trade is very good when you see yourself in it, but not all the time the price up that is why as a traders
you need to have skills of course. So that we can maximize our loss when we do trade activity anyway.

It's greed in a way and another way they say its maximizing out a profit that could come from a coin. That's why some traders decide not to take profits because of past experience. But a good strategy is to take profit at intervals and leave some behind as moon bag.

[usekevin]

trading and investing are sweet especially when its bringing a positive result where your portfolio is green and rising. the ecstacy of this events drives people crazy and they begin to build hope for maximum profit. human will never be satisfied especially in terms of making money because everyone always want more. however the purpose of profit taking is to have reserves to buy when market is down and to settle your offline and personal needs. taking profits cant be overemphazised. dont sell all your tokens at once, sell in batches and buy back some if there is need to. but dont procastinate profit taking else you might be forced to sell in loss when dips and urgent needs arise like some people did yesterday.

It's happy to see that moment. Because current trend hurted me a lot. Most of my coin was in red shade.All my savings are in holding.Because I can't sell at low price.Because it was my long period saving,it can't accepted to loss.Traders should analysis about the market and hold till the price reaches a maximum value.

[maydna]

Greediness is the main reason why most of the traders failed to earn into crypto trading even in traditional trading.
Yes it is that doing trade is very good when you see yourself in it, but not all the time the price up that is why as a traders
you need to have skills of course. So that we can maximize our loss when we do trade activity anyway.

It's greed in a way and another way they say its maximizing out a profit that could come from a coin. That's why some traders decide not to take profits because of past experience. But a good strategy is to take profit at intervals and leave some behind as moon bag.

As a trader, greediness will be behind us, and if we don't have control, we will be late to take profit. Having greed is normal as we want to make a bigger profit than usual, especially in the bullish trend before. We can maximise the profit if the market moves good, but we can't do anything except follow it if it's not. It is why we always need to have strategies related to the market situations.

[jostorres]

dont sell all your tokens at once, sell in batches and buy back some if there is need to. but dont procastinate profit taking else you might be forced to sell in loss when dips and urgent needs arise like some people did yesterday.

That sounds really an useful piece of advice. When we are in profits with any of altcoins then it would be much better to book profits and then we can buy back for same USD or BTC value when that coin coming down. I tried this with dogecoins: I sold some coins around 670 satoshi and bought back around 540 satoshi (but dogecoins made low up to 350 satoshi). This way I gained more than 100 satoshi per one dogecoins.

Whenever there is a sudden dump in the market I guess it would be much better if we leave off our holding without any major decisions as if we take any decision under pressure then that may lead to big losses.

[udidrone]

trading and investing are sweet especially when its bringing a positive result where your portfolio is green and rising. the ecstacy of this events drives people crazy and they begin to build hope for maximum profit. human will never be satisfied especially in terms of making money because everyone always want more. however the purpose of profit taking is to have reserves to buy when market is down and to settle your offline and personal needs. taking profits cant be overemphazised. dont sell all your tokens at once, sell in batches and buy back some if there is need to. but dont procastinate profit taking else you might be forced to sell in loss when dips and urgent needs arise like some people did yesterday.

If price of a coin increased much i will take out my capital and maybe a little profit to use in real life, and then hold rest of it. I think it can be considered profit too although if price dumped after i sell my coins to get my capital, and i can enjoy my profit too in real life.

[doomloop]

dont sell all your tokens at once, sell in batches and buy back some if there is need to. but dont procastinate profit taking else you might be forced to sell in loss when dips and urgent needs arise like some people did yesterday.

That sounds really an useful piece of advice. When we are in profits with any of altcoins then it would be much better to book profits and then we can buy back for same USD or BTC value when that coin coming down. I tried this with dogecoins: I sold some coins around 670 satoshi and bought back around 540 satoshi (but dogecoins made low up to 350 satoshi). This way I gained more than 100 satoshi per one dogecoins.

Whenever there is a sudden dump in the market I guess it would be much better if we leave off our holding without any major decisions as if we take any decision under pressure then that may lead to big losses.

I have done something similar with BNB as well. When I saw it go over 600 dollars I realized it can't go on like this without any drop at all, and I took a risk, I assumed if we go up even a bit more, it would eventually drop to low 600 levels so I would not be in too much loss, but if it dropped even more I would be in big profit.

So I sold all my BNB at around 610 dollars, then waited for it to drop and thanks to this new big drop I bought some at 515 dollars back again, I missed the low levels, turns out it went as low as 460 but I was asleep during that period, and I waited for it to back to those levels, it ended up not going there again so I bought at 515 in order not be too late. That is a good strategy, I really do not put that much thought into these things before but it was too obvious that we would have at least one fall before an increase again.

[MIner1448]

I agree with you, it is imperative to take profit, even when the market falls, you don’t need to sell everything, but rather in parts, because the correction will take place and no one will pay the losses for you, so this is the right strategy, especially with such volatility as it is now.

[bitgolden]

taking profits cant be overemphazised. dont sell all your tokens at once, sell in batches and buy back some if there is need to. but dont procastinate profit taking else you might be forced to sell in loss when dips and urgent needs arise like some people did yesterday.

When you are trading with little known to new coins and tokens then it is recommended to book profits whenever you are seeing prices above or around your target prices. If you are holding a coin for years and you are just getting your buying price levels then you may go for booking for 25% of your holding so that you may not regret when market goes against you at any time; because you may buy back again for cheaper prices to maximize your stash.

I agree that unrealized profits are not our profits only when we strategize our profit booking methods we can finish off our trading without regretting yet with good profits in this everlasting high volatile markets.

[Yatsan]

There are some sorts of traders out there that are seeking for more when it comes to taking profit for they seem to be wanting more to come and never get contented to see that there might get any possibility to take larger profit if they will wait for quit a longer moment in time. This attitude is present in both newbies as well as for those who are already long in trading since many are after for the possible profit after a long term hold but being greedy makes us traders to become late on realizing that we might be wasting the opportunity available in front of us. There is nothing wrong on wanting more but you must see between the lines that wanting more can also come to gain regrets once you miss the opportunity of obtaining profit for not being contented.

[rima28]

Trading and investing very positive .when you portfolio is green and rising the ecstacy of this event drive people crazy and the begin to build hope. however the purpose of profit taking is to have a reserve is to buy when market is down. and to selfie your offline and personal needs taking proof it can be power optimised don't sell all your token at once sell in batches and buy back. Some if there is need to .if becomes  higher but always takes time to buy again and take back those sold Bitcoin and litecoin at high price.