HOLDING VS TAKING PROFITS DURING BULL RUN

[semobo]

If you need money today then you can't be rich tomorrow? Now can you understand?

As a trader you should make profits in regular time intervals because the ultimate goal of trader is to make money in short term like monthly where as an investor is not going to care about making profits every month so they will hold for years and will get paid for that.

[janggernaut]

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

CZ's words are actually quite good and right...

when the market is bull we don't know where the price will stop, if you sell too fast you may lose. I choose to hold when the market is bull, there is no reason to sell.

Most of CZ's investment is on Binance Coin, that's why he prefer to Hodl instead doing trade it. His other portfolio is Bitcoin, that's why he always saying if you can't hold, you won't be rich. HODL strategy isn't only not selling your crypto, but you must make sure the coin you Hodl will stay and keep growing in the future. Not much coin can be that, and BNB is one of them fortunately which we can Hodl

[Woodie]

To make this process is we need to apply the rules of "buy low and sell high " once you perfect this strategy you can never be caught in a trade.

I think we should hold if markets don't go in our direction as we waiting for price to go higher but should market be in the direction we anticipated then we simply take profits. Simple and easy strategy to follow.

[passwordnow]

If you need money today then you can't be rich tomorrow? Now can you understand?

As a trader you should make profits in regular time intervals because the ultimate goal of trader is to make money in short term like monthly where as an investor is not going to care about making profits every month so they will hold for years and will get paid for that.

Investors are also taking profits in short term, depending on the situation. Most investors are likely to take profits whenever it is necessary. They have a holding for long term but they don't compromise the chance that they'll earn in short term. They're still in long term but still won't waste those opportunities of taking profits. Like on the last run, bitcoin took $64k and if a holder is long term, some would say that they shouldn't sell at the top but that's a mistake of not selling at the ceiling.

[Raflesia]

If you need money today then you can't be rich tomorrow? Now can you understand?

As a trader you should make profits in regular time intervals because the ultimate goal of trader is to make money in short term like monthly where as an investor is not going to care about making profits every month so they will hold for years and will get paid for that.

Investors are also taking profits in short term, depending on the situation. Most investors are likely to take profits whenever it is necessary. They have a holding for long term but they don't compromise the chance that they'll earn in short term. They're still in long term but still won't waste those opportunities of taking profits. Like on the last run, bitcoin took $64k and if a holder is long term, some would say that they shouldn't sell at the top but that's a mistake of not selling at the ceiling.

While there is an opportunity, don't miss it to take profit. I think this saying is right if you apply it in our trading.
As you can see bitcoin has reached $40k before I think people must have made the right decision and bought again at $35k then it will be held again, so depending on the situation it is true and we have to understand what is needed, including day trading or short term they should focus on the market after market sentiment.

[Golftech]

To make this process is we need to apply the rules of "buy low and sell high " once you perfect this strategy you can never be caught in a trade.

I think we should hold if markets don't go in our direction as we waiting for price to go higher but should market be in the direction we anticipated then we simply take profits. Simple and easy strategy to follow.

Practicing that prticular strategy will give you decent profits, it's not easy as we should check more deeper with

the project we desire to invest our money,  checking the history of the market and see what particular information

that impacted the market run for certain assets that we will place our money. DYOR and it will save you time and money.

[passwordnow]

If you need money today then you can't be rich tomorrow? Now can you understand?

As a trader you should make profits in regular time intervals because the ultimate goal of trader is to make money in short term like monthly where as an investor is not going to care about making profits every month so they will hold for years and will get paid for that.

Investors are also taking profits in short term, depending on the situation. Most investors are likely to take profits whenever it is necessary. They have a holding for long term but they don't compromise the chance that they'll earn in short term. They're still in long term but still won't waste those opportunities of taking profits. Like on the last run, bitcoin took $64k and if a holder is long term, some would say that they shouldn't sell at the top but that's a mistake of not selling at the ceiling.

While there is an opportunity, don't miss it to take profit. I think this saying is right if you apply it in our trading.
As you can see bitcoin has reached $40k before I think people must have made the right decision and bought again at $35k then it will be held again, so depending on the situation it is true and we have to understand what is needed, including day trading or short term they should focus on the market after market sentiment.

Trader or holder, as long as you've got the opportunity to profit then don't waste it. It doesn't matter if you're solely a long term holder but that doesn't mean that you have no rights to sell. Of course, you're also for the profit and as long as you see the window of making some profits, don't neglect it and instead put yourself in the right situation by selling some. It won't lessen your belief as a long term person if you're going to take those opportunities of selling in a profit. It's better than to sell at losses. 

[newwest]

Honestly, this topic is very deep. In some cases, coin holders get much profit but when luck comes, quick traders also get benefits of profit by seeing opportuniites and buy and sale at their own risk. So, in my case, I would prefer quick trading for now-a-days bitcoin crash in market.

Well like in 2017 sellers would have gained at high and when they got chance to buy at lower and then continued holding it till now would have made money. So there are no instant answers to these who will gain it. So having multiple strategies while in terms of both long/short etc do helps so that you do make money as well in short term and long term as well rather than just depending on one strategy.

[shushu9977]

When bull run, I always sell few of my coins and take a little profit. When I see, it has huge profit for me, then I sell my coins maximum, but still I hold a few coins and trade few coins to get more profit. When The market is so down or dumping, then I buy more coins to get profit.

[kesmex]

When bull run, I always sell few of my coins and take a little profit. When I see, it has huge profit for me, then I sell my coins maximum, but still I hold a few coins and trade few coins to get more profit. When The market is so down or dumping, then I buy more coins to get profit.

I think that's a basic way to understand what we have to do either during a bull run or a dump,
however at least we take advantage of the opportunity as possible to make a profit,
and before buying coins we also need to do research so that we don't buy coins arbitrarily

[zanezane]

When bull run, I always sell few of my coins and take a little profit. When I see, it has huge profit for me, then I sell my coins maximum, but still I hold a few coins and trade few coins to get more profit. When The market is so down or dumping, then I buy more coins to get profit.

I plan to do the selling it all when I have enough bitcoin because I am on a long-term basis for my investment and I don't really have a lot of things to spend on so I have no use when I sell my bitcoin now or selling a portion because I want to experience the full profit since the market is volatile which means that I can always get back.

[jaberwock]

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

You can do both since neither of them is a bad option but here is what I do.

When there is a bull run going on and a particular coin/token is way above the value it should be, I usually sell them and wait for a point to buy them at a cheaper price to then hold them for a longer period.

Recently when Tron was trading for 15 cents, I sold a big amount and purchased them back when the price dropped to 10 cents. I know it's unfortunate that it went even lower and traded for as low as 6-7 cents but ultimately I made profit so I'm fine and there is no one who knows the exact bottom and top values of these coins during bull and bear runs.

[carlisle1]

When bull run, I always sell few of my coins and take a little profit. When I see, it has huge profit for me, then I sell my coins maximum, but still I hold a few coins and trade few coins to get more profit. When The market is so down or dumping, then I buy more coins to get profit.

I plan to do the selling it all when I have enough bitcoin because I am on a long-term basis for my investment and I don't really have a lot of things to spend on so I have no use when I sell my bitcoin now or selling a portion because I want to experience the full profit since the market is volatile which means that I can always get back.

Good point, if you don't have anything to do with the money it's more safe to keep what I mean is if you have your asset now as crypto and you don't need to use it for any emergency purpose keeping it inside your safe wallet is the best thing to do now.

The value is falling and if you'll rush yourself in then you'll lose the chance of seeing the full potentials. Keep in mind that from volatile market there's

always a big risk chasing the profits, more better to go for long term investment as it will bring the maximum profits after reaching new ATH.

[sumant]

Always a risky and heart beating situation in market when you are investor or trader. As a investor you get profit but no one knows what will be high or low point of a coin. Holding or taking profits might be different situation for investors but in my point of view I always take profit in bull run. In market you can be a looser if you don't book your profit.

[globalpain]

this way, if you are a professional trader, or have the ability to read daily charts,
then you can accumulate coins, or multiply coins when bullish,
after you have a lot of coins you can sell them at high prices with 2x to 10x profit,
yes but that need more skills so you don't lose your money.

[LUCKMCFLY]

In this case, I think that looking at it from an educational point of view, two ramifications are being mixed, which is:
1.- The investment

2.- Market speculation.

When we talk about holding, it is simply being an investor no matter what happens around you and only taking profits when you are in the Distribution stage of the market, which is when millionaires sell.

And taking profits in a bullish trend is what any market speculator does, but the market speculator wins when the market is going up and wins when the market is going down.

The fact of mixing these two things can cause confusion if it is not clear what the person wants to be or is, if he is a market speculator or if he is an investor, of course it can be both, but being clear that when doing Hodl it is very difficult to withdraw because it enters a totally different plane from the market specification.