HOLDING VS TAKING PROFITS DURING BULL RUN

[doctor877]

It's always advised to take profit at intervals during bull because you never know when dip will come and how far it will go. Contrary, there is a perspective of holding for long to get a maximum profit( as said by CZ : "you can't be rich if you can't hold"). From the little survey i did, holders usually earn more profits that people who take little profits. However this depends on your kind of person and what works for you, holders are patient people who don't care whatever happens along the way. Profit takers see opportunities and take profits and move to next one. It's a very deep topic to be honest, and I will like to have your opinions on this. Please share your views

[1714152088]

1714152088

[BitMaxz]

It's hard to decide if you hold or taking a profit during the bull run season, you never know what will be the price of bitcoin on the next day.

Just like what happens these days until April 17 after that the price drop $53k in just a few minutes which I think that there is someone who can manipulate the market and drop the price in instant.

That's why I have 2 separate strategy the one is taking profit during the bull run and the other one is for holding with a specific time(Depending on the event).
You should always check news and event the same as this one "European Blockchain Convention Virtual 2021" during that time until the end of 17 the price drop $62k to $53k. I think there is a big people or an investor who holds a large amount of BTC then after the event he sold it all.

[Bitcoin_Arena]

What worked for someone might not work for you, therefore If HODLing made someone rich, day trading and taking profits could make you rich too. What we have to first identify is our goals/targets and what's the best kind of strategy that can work for us.

I know traders who have made over $8 Million from just a few thousands of dollars day trading different coins just in the last 7 months. If they had just decided to HODL those few thousands of Dollars, I can bet my hand if they would have been able to make even $100,000 as of today.

[Rehan Zakir]

These are the manipulators that manipulates the market on the basis of news. But i divide my account in two portions, one is for holding long term coins and one portion is for day trading. On the long term holding i hold coins for 1,2 years. I don't care when the price pumps or dumps on daily basis.

[mk4]

The point of "hodling" being a heavily recommended strategy is simply because most people aren't capable of making the right trades, that they end up in a lot worse situation compared to when they just simply held for years and years.

Like sure, you can end up with more coins if you make the right trades, but that's a huge-ass IF.

[electronicash]

its true that holders for long term are making more money.  it is however taking time.
taking profits is essential to some traders because they are taking precautions and also they need cash to spend. as for me i do it all the time and this helps me have some cash as well. there are different reasons for taking a profit. some are just trying to buy back when the price dips too. you get disappointed though when things turned out wrong like what happened to doge and vet, these two are just mooning continuously.

[maxreish]

Just like this recent dip, those who are stucked and planning to sell their coins probably have some regrets by now. But that doesnt mean we have no way to recover. Those long term hodler like me can continue to hold and wait for another bullish market.
 
  If not necessarry to convert and sell, just keep your coins. This isnt new scenario, and we have been witnessed so many bearish moments before so we can handle this one like the old  market crash.

[iram3130]

I have made a strategy where I keep only 3-5% of my total portfolio in BTC. Everything else in valuable alts which has potential to grow in the future. If I get profit of more than 2x then the alt is elegible to sell and when I find a potential coin then I will take some profit and invest in a new coin.

I guess people will say that this might wont make a great profit but eventually my new coins will again go up and make good profits for me.

[Wexnident]

Hodling is basically a strategy for those who don't really want to trade, who can't trade, or just want to hodl. It's a strategy that hopes in the long run, you'd still profit, and would most likely come true if you didn't invest during the bull run. It takes time, but not in a sense that it takes up YOUR time, unlike trading. Now dipping into profits every now and then while hodling is something that has the risk of you actually losing more than you could've actually gained supposedly. It has higher profits, but as you know, high rewards = high risk. Hodling is like a mix of high and low rewards, but it takes a VERY long time for it to be realized.

[Dilerium90]

I believe that in a long-term growing market, you should take risks if you use money management wisely. But the gradual fixation of positions and withdrawal of money is required, because the black swan comes unnoticed and one day you will find -80% to the deposit.

[Myleschetty]

Both holding and taking profits during bull run are good strategy and there's no reason to partake in one when you can do the both but my impression is for investors to sell 80% of his holding during a bullish market and keep it as capital to buy when deep again.

[crzy]

We all have different beliefs when it comes to holding and not takin profit at all, I personally want to hold more than to take profit because I’m a busy person and I can’t monitor the market that much, so if I’m going to buy with my fresh money I’d rather hold it for the next 3 years or more.

Some make take profit and that’s fine, just focus on your own timeline and you’ll be on your destination at the right time, be responsible on your every decision and regret nothing.

[janggernaut]

I also take profit during bull run, but it's just like 20-30% fron my portofolio. I will leave the rest until it reached something which i don't imagine before. But for now, if you Hodl some promising coins, you don't need to scared can't take any profit since coin you hodl will become greater later.

Look at bitcoin, even though yesterday got dump until $50,900, it still back to $57,000 right now. Use your money to buy the dip

[sheenshane]

It’s easy to tell and say that this is the strategy, so on, so fort, blah, blah.  But when you get there, at that particular moment, it is really hard to decide and I actually experienced this and I find myself stupid when I was there.

It’s too hard to decide and do the right trade when you know that the pump or bull market was only there at that specific time, that the rise is a milestone already.  The pressure that you know the price has reached its fullest potential and you doubt that it can still reach more is real.

But then, what happens is that it still increases, only regrets show up after you’ve done your decisions.  So it might, holding really is the best way to have security winning your wealth here.

[irsykes]

It's always advised to take profit at intervals during bull because you never know when dip will come and how far it will go. Contrary, there is a perspective of holding for long to get a maximum profit( as said by CZ : "you can't be rich if you can't hold"). From the little survey i did, holders usually earn more profits that people who take little profits. However this depends on your kind of person and what works for you, holders are patient people who don't care whatever happens along the way. Profit takers see opportunities and take profits and move to next one. It's a very deep topic to be honest, and I will like to have your opinions on this. Please share your views

If i can i will try to master both of that way to trading. Because holding with no analysis sometime only make us loses more especially if we can't pick which coin is good for long term. So every trading way we must know how to analyze it first and then make profit with it. Same story about traders which keep take little profiit, maybe that way is make them really comfort or maybe they think that way is really fit for them.

[AakZaki]

~snip~

It’s too hard to decide and do the right trade when you know that the pump or bull market was only there at that specific time, that the rise is a milestone already. 

~snip~

You are right even an expert trader, I think there are still mistakes. The definition of right trade is very difficult to do. Through technical and fundamental analysis we only study historical history which seems to have become an agreement. Technical concepts later became the benchmark and some people misunderstood them. This also causes differences in trading techniques. Many technical analysis events were canceled by the Fundamental influential people of the world, let's call it Elon Musk with the Doge coin today

[death69]

Try to balance things around you. There is no one ultimate method for maximum profit. Only money management that can save you from any dip, dump, FUD or black swan. Therefore, I advise you to both hold your coin and take your profit (by trading) during bull run. By doing these ways, you will have multiple options to go against the market whenever it disturbs you

In addition, take a partial profit is also a good strategy, especially for those who come late. Set up your goal, for example: 1st is for 100%, 2nd for 400% and 3rd for 1000% and try to strictly follow your gold without hesitation. After all, money management is very important. As long as you still have money, you can still have chances to earn. Let the money born new money for you

[justdimin]

It's always advised to take profit at intervals during bull because you never know when dip will come and how far it will go. Contrary, there is a perspective of holding for long to get a maximum profit( as said by CZ : "you can't be rich if you can't hold"). From the little survey i did, holders usually earn more profits that people who take little profits. However this depends on your kind of person and what works for you, holders are patient people who don't care whatever happens along the way. Profit takers see opportunities and take profits and move to next one. It's a very deep topic to be honest, and I will like to have your opinions on this. Please share your views

It’s just as you have said, it’s all about the kind of person you are, because it is difficult for some people to hold for a long time, and they don’t have that kind of money to be tossing around and they don’t want to lose it, so every opportunity that they see they take the little profit that comes in, although that’s not going to get them rich. Those who are able to have that level of patience are the ones that are able to profit from the market as it goes, because they can have that patience and they are also ready to ride the wave and still have patience till they get to where they want to get to.

[The Cryptovator]

I have been saying always, hold for life, not for a lifetime. Everyone knows that holding is the best from short-time profits. Just imagine who hadn't sold Bitcoin when it was $64K and still holding. If they sold then now could buy more Bitcoin they sold. Even a holder, should have a target to sell Bitcoin or any other hold cryptocurrency. More important to take a real-time decision for a holder. Holding for a lifetime wouldn't be a good decision. Should take a profit from the desired price range and buy back in the dip. If no dip, then we have to happy with the profit that we have already taken. I think that's the best policy for the holder although it's quite complicated to take real-time decision.

[Sinjokubhi]

It's always advised to take profit at intervals during bull because you never know when dip will come and how far it will go. Contrary, there is a perspective of holding for long to get a maximum profit( as said by CZ : "you can't be rich if you can't hold"). From the little survey i did, holders usually earn more profits that people who take little profits. However this depends on your kind of person and what works for you, holders are patient people who don't care whatever happens along the way. Profit takers see opportunities and take profits and move to next one. It's a very deep topic to be honest, and I will like to have your opinions on this. Please share your views

Yeah, we will never know the price decline will occur to what extent, but you can predict it will. Even though it will not be exactly the same as the value that goes up or down later, at least you have a benchmark for the price that will increase or decrease. Because with the results of these predictions you can know the extent to which price developments will occur. Therefore, prediction before it happens is very important, not only can you know how the price will develop to where, but also you can reduce the impact of the risks that will occur at that time and in the future, and this will obviously be very profitable for you. . Have a prediction point to find out how far you will take profit or hold if the price has gone down. Indeed, patience is very necessary, especially when you do day trading, you must always be patient in analyzing the chart and seeing it repeatedly until you find a gap point to make a profit. Panic will only make our minds more chaotic, especially when we are wrong in predicting it. Instead of generating more profit for a return on investment, there is an increase in losses. Better, stop and calm yourself for a moment, after feeling the mood is back. Start again with caution, and be confident in your abilities.