the significance of taking profit

[akirasendo17]

Maybe today some lost a lot of their portfolio, maybe from thousands of dollars to a hundred of dollars, this is why taking gains or profit are very important
since the start of 2021 the price of tokens have gone have breaking statistics, altcoins take an all-time high, and we are very happy all these things turn into a nightmare in a single day, almost all of my friends never touch their coin hoping they would reach another all-time high, the same thing that happens in 2017, now the market almost wipe all of our portfolios, what's the lesson of this, when there is a chance to take profit, take it, small or big, it's again, I saw some posting they earn millions, they are so happy, but after a day they regret it, why because they are so ambitious, and no contentment on what they have, always take gains, don't let it slip away or you'll regret it.

[Strongkored]

Many are happy to see their portfolio grow up in value, but they forget that if they haven't realized it in the form of profit, then it's still not profitable. Altcoin holders were made as if they were playing roller coaster, up high, but at one time it descended very quickly.

[Nivia1st]

Many are happy to see their portfolio grow up in value, but they forget that if they haven't realized it in the form of profit, then it's still not profitable. Altcoin holders were made as if they were playing roller coaster, up high, but at one time it descended very quickly.

that's why we need a target, when the target has been reached it is better to take profit. don't be too greedy to take huge profits. the market is like a roller coaster and we don't know what the market situation will be in the future. always use a target for each coin in your portfolio as that is very important.

[crzy]

Hodlers know the pain of not taking profit and I lose a lot of opportunities because of this, I don't know why but I'm weak on taking profit most of the time. Imagine if you already sold your holdings at the peak and buy back again during this time of corrections, more profit will be made for sure.

This is why I learned a good lesson that I should always focus on my set price and make it realistic. Taking profit is fine because you can always buy back and regret nothing as you already made a good profit. Don't blame yourself, just learn from that experience and be better.

[Coyster]

I'd prolly second your ideas op if you're basically talking about just altcoins, personally I don't consider altcoins to be long term investments, and if I'm to ever invest in any of them, I'd take my ROI asap, cause it seems to me with altcoins that there is always a dump on its way and that's cause a pretty high number of them are pump and dump coins. But that said, Bitcoin as a long term choice is good investment, there will obviously be price corrections every now and then, but if you do your own research into the network's historical price movements, then you'll prolly not be forced to sell under panic when they happen (considering you've decided to invest for the long period).

[Scripture]

Don't get overhyped, if you see greens on your portfolio, you have to analyze it right away either to sell or to hold for more days until the hype was gone. We already know how this market works, its pump and dump trend so what goes up, will always go down. Don't hesitate to take profit, you have to enjoy your gains without experiencing any regrets, take this from a person who lose so much opportunities to sell.

[elda34b]

Taking profit is fine because you can always buy back and regret nothing as you already made a good profit. Don't blame yourself, just learn from that experience and be better.

You can always regret. Whether you sold way too early or you don't sell at all. Just imagine if you're holding some bitcoin and sold at $48, but then it went to $40k. Can you say with confidence that you don't regret selling at that price point?

No one can time it right. Luck plays a huge factor in this. The best advice would be diversify your strategy. Sell some portion of your portfolio to swing trade and get profits, and hold a bag if you think the project is good.

[electronicash]

Taking profit is fine because you can always buy back and regret nothing as you already made a good profit. Don't blame yourself, just learn from that experience and be better.

You can always regret. Whether you sold way too early or you don't sell at all. Just imagine if you're holding some bitcoin and sold at $48, but then it went to $40k. Can you say with confidence that you don't regret selling at that price point?

No one can time it right. Luck plays a huge factor in this. The best advice would be diversify your strategy. Sell some portion of your portfolio to swing trade and get profits, and hold a bag if you think the project is good.

amen. nothing beats it when you have become an early investor or a token that had gone up to 100x while its price just $1 when you bought them. long term holders are just the biggest earners.

the cardano i have bought last year which was worth 0.02 ¢ i wont panic even if it dips to $0.20 because after all i just got it for a very low capital. although it would have been an opportunity to accumulate.

[masterrex]

I believe it was important and should be taken seriously because I'm already experienced that in 2018 When I was aiming for more profit and I didn't consider any possibilities that the market would collapse during that time and I was not able to withdraw my profit instead it has cost me with multiple losses because I was holding several coins and tokens. But now I've already learned my mistakes and get contented with what I have gained.        

[martina14]

Maybe today some lost a lot of their portfolio, maybe from thousands of dollars to a hundred of dollars, this is why taking gains or profit are very important
since the start of 2021 the price of tokens have gone have breaking statistics, altcoins take an all-time high, and we are very happy all these things turn into a nightmare in a single day, almost all of my friends never touch their coin hoping they would reach another all-time high, the same thing that happens in 2017, now the market almost wipe all of our portfolios, what's the lesson of this, when there is a chance to take profit, take it, small or big, it's again, I saw some posting they earn millions, they are so happy, but after a day they regret it, why because they are so ambitious, and no contentment on what they have, always take gains, don't let it slip away or your regret it.

You have some points of your statement actually, if some are gained a millions the in the end still they've lost, that means that person became greedy to earn more in which He/She didn't notice that greediness was already controlling his/her emotions. Well, there is a saying that, regret always comes at the last or We should learn to our mistakes.

[Reid]

Spot on!!!
Too much expectation. Greed. No contentment. It's all human.
But, we do learn from these mistakes. Maybe there are still newbies out there who are reading this.
Listen to OP, and somehow you could change the way you think with crypto investing. Altcoins are mostly for the short-term if it ain't Ethereum.
If it's Bitcoin then hold it as long as you live. When it comes to others besides those names, take the profit if ever there a chance.
Don't regret it if the pump goes on. Just move on.

[dificanovi]

that's where we have to be good at finding the right time to sell and the right time to buy. I saw a lot of newbies who just bought crypto currency and after that they didn't know what to do. In general, beginners often sell their coins when the price of cryptocurrency is down, they think it is the right choice to reduce losses, even though they can still make a profit by being patient and waiting for the cryptocurrency price to rise again.

[aprilnot]

Greedy and overly positive, these are two things that make people lose even though the market is rallying. and don't be too happy to see a growing portfolio because before selling it you didn't get any profit. I used to be like this too and I'm starting to learn from experience. the way to prevent this is to plan from scratch and determine the target profit that will be obtained.

[int03h]

Choosing take-profit and take-profit points are part of an investment, so there should be a reasonable approach.
I have seen many people invest, they go from profitable to losing because of inappropriate buy and sell orders.
I usually sell 1/2 the amount of one of my portfolios when it's x2 worth to return my capital. In the next part, I'm going to let the market decide regardless of its value up or down.
After that, I will go on to buy another crypto and do it the same way. Just like that, I will buy the entire market.
Take profits and enjoy the rewards from them that will give you more energy and inspiration to be able to make more profits. That's how I make money in every market.

[serjent05]

I think this depends on the kind of terms the investor had planned.  I do agree that it is very important to take profit but if someone has high hopes on the coins, he intends to hold it until his target price is met.  But it is a different story if we are talking about pump and dump shitcoins.  If we see a glimpse of profit we should sell before it is dumped to oblivion.  Let us not be greedy and aim for unrealistic prices and even if we do, we should make sure that we already got our investment back like selling our coins to take back our initial investment and the rest for speculative trading.

[Ebede]

Many are happy to see their portfolio grow up in value, but they forget that if they haven't realized it in the form of profit, then it's still not profitable. Altcoin holders were made as if they were playing roller coaster, up high, but at one time it descended very quickly.

I think what make some people unhappy in business is when they are not successful towards their business, so living souls become happy whenever profit is involve in any kind of businesse their doing, people will be extremely happy if their investment is moving according to their wish or direction in lines of business, so if alternative coins are making well definitely everybody will be grateful and work very fast to follow the benefit side of it.

[iamsange]

Maybe today some lost a lot of their portfolio, maybe from thousands of dollars to a hundred of dollars, this is why taking gains or profit are very important
since the start of 2021 the price of tokens have gone have breaking statistics, altcoins take an all-time high, and we are very happy all these things turn into a nightmare in a single day, almost all of my friends never touch their coin hoping they would reach another all-time high, the same thing that happens in 2017, now the market almost wipe all of our portfolios, what's the lesson of this, when there is a chance to take profit, take it, small or big, it's again, I saw some posting they earn millions, they are so happy, but after a day they regret it, why because they are so ambitious, and no contentment on what they have, always take gains, don't let it slip away or your regret it.

This things keep happened, because it is nature when people see price increased, they aim for more. If their aim of prices reached again, they aim for more profit. That is because people keep have a big hope for their investment so their time to holding that coins is really worth. If price dumped like yesterday when it is happened for a first time, some of my friends posted picture that how much their losses because keep hold and not sell in high price too.

[RondoAnyar]

that is the importance of avoiding greediness in crypto, because anything can happen now that greediness and dissatisfaction with the profits that are earned cause defeat for all crypto lovers. so I think when I get a profit even though it's a minimum profit, maybe it should be accepted and continued regularly and don't be greedy

[agg2702]

from here we need careful planning in taking advantage because when the correction and decline like now all will be too late. especially now that the market is uncertain and it is very difficult to predict corrections are happening everywhere so it is better to take a little profit and not be too greedy than to take risks.

[TheMimic1]

People are just too greedy, they always want more and more price surge to fill their greed taste which is impossible, if you think because we have many rich whales investing big on crypto means bear market isn't happening every again you have been fooled