Take stock or hodl ?

[estheblessed]

So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:

1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising

[mk4]

Option #1 is good, if you actually manage to time the markets well. In which, a huge majority of people simply cant. Most people are better off just holding. A lot of people could have more bitcoin right now if they simply just held, and not try to sell the top and buy the bottom.

[Wexnident]

It depends on what YOU can do. As mk4 said, Option 1 is viable only if you know what you're doing (and you have the time to do so). The market always experiences those dips that traders could take advantage of so I don't think you'd lose out, honestly I'd expect you to profit more if you're able to ride on those dips (big IF). If you can't, or have no confidence in doing so, just hodl tbh. You can just literally leave it there and go on with your life, ofc, expecting less profits than option 1.

[BitcoinAccepted]

The number 1 is good if you managed to spot the dip which some people can't really find it or spot it well maybe a lot of practice in technical analysis will help you, the number 2 is also good just hold it but my suggestion if you have other source of income why don't just save it wait for dip and stock Bitcoin and other coin rather than taking profit and probably might made a mistake and buy early or sell at low.

[Farma]

So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:

1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising

IMO, both have their advantages and disadvantages depending on your condition.
if it is bitcoin and ethereum, choosing number one is best. if you believe that the price of bitcoin and ethereum will go up after the drop, you can sell it for a while, and when the price dips a lot (in your opinion), reinvesting is the right thing to do. however, the second one is also pretty good. if you believe that the decline is only temporary, then holding on continuously can be a backup option. however, if i were you, i would give priority to the latter if you are targeting large bitcoin and ethereum assets.
however, for altcoins, it depends on the altcoins you own. if the altcoin is not very good at development, selling it is a good choice.

[milewilda]

So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:

1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising

1. If you want  to diversify then do this, or tending to re-roll or re-invest to expand out more your possession of more coins but depending on how
profitably you are and it would realy vary.

2. HODL is relevant when you do have lots of amounts of a particular coin but if its not really that much then re-rolling will be suggested to
fasten up the process or if you do like for your capital to grow bigger.

[Mamun74]

I think, it depends on what you can do.First option, If you manage time to market as well.i think, most people interested in holding. A lot of investor buy bitcoin and they just hold it.I think they can get profit from long term holding. Coz bitcoin price increase day by day.I think bitcoin price will be more rise in future.

[Ararbermas]

So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:

1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising

it actually depends which do you preferred, long term or shor term.. If you're a intraday and want to gain quick profits of course you better make an exit while its not going dip to prevent losses because if you keep hoping it will increase for sure you will end up holding..  Be smart enough mate if you don't want to wipe out your account.. Unless if you want long term because it doesn't matter how many correction you see from it because for sure at the end of the day you still can get profits especially if you knew that you're in a good project..

[Zanab247]

Now that the price of bitcoin is getting higher every day, it is better you don't miss this great earning that is going on and causing many investors massive profit making. Better to take profit from the market before the price start reducing to a stage people will Prefer to hold than to take profit. I will not miss this great opportunity that is everywhere right now because tomorrow maybe too late for me to make profit.

[Hamphser]

So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:

1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising

Your choice but to think off that profit is profit then it is just right that you should really secure out those profit before its gone because we do know

that this market do make out some drastic changes which it could really change up on a snap which it is really hard not to make out immediate action

Therefore, if you dont like to miss out that opportunity then its better to secure profits before you would really regret on the end.

[Johnyz]

So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:

1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising

Take profit and reinvest if is a best way to increase a possible profit, so either on stocks or in crypto you should practice this. Anyway, I’m not into stocks anymore because of a slow growth but I still see them as a good market for long term. Cryptomarket is too risky and too volatile, don’t take out all your savings just to invest on Bitcoin, better to still have that back up and invest only the risk that you can take.

[Zilon]

Always do well to take profit from each highs because you can't predict the next move from the market. As we see a new highs in the price of Bitcoin take profit and buy back when you see a retracement. No matter the coin you choose to hold there is no guarantee at any point because the market is highly volatile and unstable so a change in price can occur at any time

[sunsilk]

So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:

1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising

Just take your profit as of the moment.

You're not missing the time that you should take profit and if you ever want to hold, it's just going to be there. Because if a crash comes, you'll be having that regret that you should have took the profit if you look at the market.

But if you have done 1, you're ready and have something to buy for the dip.

[palle11]

It really depends on the coin that you are hodling, your need and plan for the coin. If you planned for long shoot then you don't have to panic when the coin has a use case except you also have a need for money. Generally you need to check if the coin is valuable like some new coins listed, if they have news coming up for partnership, big listing coming up that means selling cheap maybe a regrettable act. Etheruem, binance will definitely be around even at any dip so investing in them is a nice move.

[Questat]

So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:

1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising

Option #1 is the safest way to take...it was generally ideal to make an investment during the dip and sell during its peak.

Holding may also be helpful when sudden corrections come and wait for the recovery but if we are saying and looking for more that is greediness and that we need to stop or else this will be the reason why we miss the chance of selling it at high. It can't be regretted if we were able to sell our coin at the start of the pump but it was more regrettable when we missed it.

[adzino]

So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:

1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising

This is something you should decide. Not us. Have you reached your profit goal? Then take your profits.  Do you want to reinvest your profit and start over again, then do it. But you will never know when the next dip will be. If you can time everything perfectly (which is very unlikely) then you will be able to make massive profit. But the risk is high. On other hand, if you are planning for a long term profit, then keep holding till you are ready to take your profit and leave. The risk is less and you will very highly likely make some good profit in the long run.

[kawetsriyanto]

It basically depends on your target. If you think your target is achieved, you are better to take profits. Then, you can rebuy again if there is a correction in price. If you already take profits two days ago, now you can rebuy again. You must already check the current market situation, it is a quite big correction. If you want to rebuy crypto coins, it is the right time.
DWYOR 

[GreatArkansas]

So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:

1) Take out the profit to either bank or reinvest when there is another dip

There are already a lot of ways to make profits these days, thanks to DeFi.
One of the examples is farming stablecoins especially if you are taking profits or converting some of your cryptocurrencies to stablecoin like USDC or USDT, etc.
And you can start yield farming or provide to liquidity pool to earn some tokens of the platform or liquidity pool tokens.

[josephdd1]

So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:

1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising

If your capital allows you, it is a good strategy to divide it into parts and sell some Bitcoin. This way you will lock-in some profit especially if you have 2x and more. But you shouldn't sell off all Bitcoin. Then, when there is a bear market you can buy some bitcoin again and continue holding. But on the other hand, if you haven't got a big profit yet, you had better wait more as in the long term Bitcoin will be much more expensive.

[lienfaye]

This depends on you, do you want to keep holding or you're contented with your current gains? The option 1 is better because its a sure profit already during this bullish season. You can buy back once there's a correction since we dont really know if tomorrow, the price would keep increasing or suddenly plunged because anything is possible to happen.

On the other side, if you're willing to take risk and prepared for the consequences then keep holding especially if these coins are well-established. But its best to take profit at times to enjoy some of your earnings.