Take stock or hodl ?

[Shasha80]

There's nothing bad in taking out a profit, the next thing you do with the profit that's important but it will be a silly idea to change for fiat or keep it in the bank and it will be nice if you set aside the profit as a new capital to reinvest when dip.
Crypto will rise forever cause it will always experience a market blood bath when the time comes.

And you touch an important point, supposing the OP sells their coins then in what kind of investment opportunity can they invest their money? I mean what investment out there has the chance of growing faster than the market of cryptocurrencies in general? And I think there is almost no market that can do that, and with that in mind then it does not make the most sense to get out of this market when you can just hold your coins and obtain incredible benefits that way.

Cryptocurrency creates a lot of opportunities for people but it has its own limitation and this is the reason why it's advisable to take profit during the ATH market. However, taking profit doesn't mean getting out of the market and it means keeping intact your profit while the initial investment is still invested in the asset.

It's impossible for us to HODL the coins we have forever, that's the importance of planning when trading crypto, so that we have a strategy to be
able to generate profits. It is true that crypto trading provides a great opportunity to make a profit, but we can get profit by selling the coins
we have when the price is high. Don't let us hold because greed overwhelms us, and then don't sell the coins we have when we reach the ATH price.
I agree that taking profit does not mean we stop trading crypto, but taking profit is the most important part of trading crypto. Even though
the price of the coins we hold increases in price, as long as we haven't sold them, it means we haven't made a profit. Then after taking profit,
we can buy the coins we want again when the price drops. Indeed, that is the correct way of trading crypto, unless we really plan to hold it
in the long term, that's a different story.

[horrifiedx1]

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

Some of me have already taken advantage of it and some of it I still hold for the long term. if there is another drop then I can buy it and get more coins. that way later I will get more profit in the long term or the next bullrun. on the other hand, with the profit that I have pocketed, I don't forget to shop according to my needs, so it's like giving rewards to myself

[suzanne5223]

Cryptocurrency creates a lot of opportunities for people but it has its own limitation and this is the reason why it's advisable to take profit during the ATH market. However, taking profit doesn't mean getting out of the market and it means keeping intact your profit while the initial investment is still invested in the asset.

It's impossible for us to HODL the coins we have forever, that's the importance of planning when trading crypto, so that we have a strategy to be
able to generate profits.

Yes, we cannot holder coins forever but there's a difference between crypto investment and trading. I never mention trading in my previous post and I was talking about the fundamental strategy of crypto investment which is to buy low and sell high.

It is true that crypto trading provides a great opportunity to make a profit, but we can get profit by selling the coins

Crypto trading is not the only scheme that provides a great opportunity to make a profit in the crypto market and it not all the people that sold their holding sold at a profitable price.

[tygeade]

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

You people really hope too much, don’t you? Well, it is still up to you to make that decision for yourself. The market would go down for sure, and after sometime it will also go back up, that’s just it. Even if it doesn’t go up now, maybe after some years it would. So that decision is a decision that you’re making for yourself, whether you’re ready to hold cryptocurrency till the market starts going up again, no matter how long it is going to take. And if not, then it wouldn’t be bad for you to sell it and take your profit.

Moreover, there are many things which I believe that you will be needing money for, it is possible that cryptocurrency is not the only business that you’re doing, there are others as well and when you withdraw your profit, it goes into those areas.

[jossiel]

Some of me have already taken advantage of it and some of it I still hold for the long term. if there is another drop then I can buy it and get more coins. that way later I will get more profit in the long term or the next bullrun. on the other hand, with the profit that I have pocketed, I don't forget to shop according to my needs, so it's like giving rewards to myself

You repeat that and you're going to have more fund a little by little without any hassle and that much effort.

But the pressure is on you because you don't know when is the exact time to buy. It's hard to know if you should buy by that time or you have to wait further because it may go lower.

[shushu9977]

Actually, both options are really good for me, because I maintain two options. I love to get profit and invest another way. And I also love to hold for getting more profit. But both have advantages and disadvantages, so be careful and do the better.

[AicecreaME]

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.

I totally agree.

The more bitcoin and ethereum you own, the more profits you could make in the next all time high, wait for the dip and buy the dip again. But of course it is important to always do some technical analysis before entering a trade to maximize the profits you could make. On the other side, holding is still a good idea but it only applies to bigger coins since some Altcoins can't pump again that big after the dump.

[Silberman]

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.

I totally agree.

The more bitcoin and ethereum you own, the more profits you could make in the next all time high, wait for the dip and buy the dip again. But of course it is important to always do some technical analysis before entering a trade to maximize the profits you could make. On the other side, holding is still a good idea but it only applies to bigger coins since some Altcoins can't pump again that big after the dump.

While buying the dip is a great strategy and one that it looks easy in theory in fact it is a very difficult strategy to implement and the reason is because your emotions will be a huge obstacle when the time comes to try to make that strategy work, after all due to the volatility of the market it is not odd to see a huge correction or even a crash coming out of nowhere and even if you know intellectually that this is the time to buy more bitcoin, it is difficult to overcome the panic that you are feeling when you watch such a crash, and it is why most people fail to implement the strategy even if they know they can get great profits with tit.

[carlfebz2]

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.

I totally agree.

The more bitcoin and ethereum you own, the more profits you could make in the next all time high, wait for the dip and buy the dip again. But of course it is important to always do some technical analysis before entering a trade to maximize the profits you could make. On the other side, holding is still a good idea but it only applies to bigger coins since some Altcoins can't pump again that big after the dump.

While buying the dip is a great strategy and one that it looks easy in theory in fact it is a very difficult strategy to implement and the reason is because your emotions will be a huge obstacle when the time comes to try to make that strategy work, after all due to the volatility of the market it is not odd to see a huge correction or even a crash coming out of nowhere and even if you know intellectually that this is the time to buy more bitcoin, it is difficult to overcome the panic that you are feeling when you watch such a crash, and it is why most people fail to implement the strategy even if they know they can get great profits with tit.

Easy to say but when you are on the actual situation then it is really a very crucial or hard situation for you to make a move because you wouldnt know if the price would go down even more further or would really be having some recovery next thats why its really hard to make out some decision on times like these.

Its up to someones decision whether they do hold or would consider on buying because we do have different criteria and preference when we do make such action.

When you arent sure on what to do then this is where we do make out some options.

[Shasha80]

Cryptocurrency creates a lot of opportunities for people but it has its own limitation and this is the reason why it's advisable to take profit during the ATH market. However, taking profit doesn't mean getting out of the market and it means keeping intact your profit while the initial investment is still invested in the asset.

It's impossible for us to HODL the coins we have forever, that's the importance of planning when trading crypto, so that we have a strategy to be
able to generate profits.

Yes, we cannot holder coins forever but there's a difference between crypto investment and trading. I never mention trading in my previous post and I was talking about the fundamental strategy of crypto investment which is to buy low and sell high.

It is true that crypto trading provides a great opportunity to make a profit, but we can get profit by selling the coins

Crypto trading is not the only scheme that provides a great opportunity to make a profit in the crypto market and it not all the people that sold their holding sold at a profitable price.

Actually, it is highly recommended to run a fundamental strategy, namely buying at a low price and selling at a high price. But the reality is it's not that
easy to run it, we need knowledge and experience to run it properly. Especially newbies often miss the opportunity to sell coins at high prices,
then finally not long after that the price of the coins dropped and made the newbie panic by doing a cutloss. That's something that often happens when
a newbie enters the crypto world without first learning the basics about the crypto world, so they don't understand how the crypto world works.
If we have knowledge we will better understand how the crypto world works, so we can sell the coins that we hold at a high price and can make a profit.
Don't let us hold coins for a long time, but because of a panic the price of the coins we are holding keeps going down and we decide to sell them.

[24Kt]

Actually, both options are really good for me, because I maintain two options. I love to get profit and invest another way. And I also love to hold for getting more profit. But both have advantages and disadvantages, so be careful and do the better.

I have the same principle with regards to investing, I always take profit and reinvest it on other good projects. The only coins I hold for long term is BTC, ETH and BNB because for me they are the best option to save me from losing money. Both are ok as long as you practice what you analyze, and you do focus on your own strategy, always go for your goal and do everything to achieve it.

In this market, we have varying strategies on how to optimize our profits. There's no ultimate route to take here. Each one of us can choose different options to take, in order to maximize your gains. But it doesn't mean, you will not incur losses with your chosen option. This is why diversifying is a very good technique to reduce possible losses. Because each market is different and they have their own good times. You just need to take the step on how to take advantage of the situation and know when to exit before you attain big losses.

[Oceat]

Actually, both options are really good for me, because I maintain two options. I love to get profit and invest another way. And I also love to hold for getting more profit. But both have advantages and disadvantages, so be careful and do the better.

I have the same principle with regards to investing, I always take profit and reinvest it on other good projects. The only coins I hold for long term is BTC, ETH and BNB because for me they are the best option to save me from losing money. Both are ok as long as you practice what you analyze, and you do focus on your own strategy, always go for your goal and do everything to achieve it.

In this market, we have varying strategies on how to optimize our profits. There's no ultimate route to take here. Each one of us can choose different options to take, in order to maximize your gains. But it doesn't mean, you will not incur losses with your chosen option. This is why diversifying is a very good technique to reduce possible losses. Because each market is different and they have their own good times. You just need to take the step on how to take advantage of the situation and know when to exit before you attain big losses.

I agree with this.

We all have different strategy and what other strategy might to work to but won't work to the other. So it's really up to the person how he would find its way to maximize their gains by diversifying his money. A thorough research for a certain coins is helpful and choosing what coins to invest should be very important because not every altcoins could pump like the rest.

You should know when to sell or when to hodl because selling with a losing price is not profitable and not helpful if you want to maximize your profit. Always list the price of your portfolio and wait for a certain pump before selling.

[imstillthebest]

why stress your self to choose when you can do both of it ? dont limit your self of taking a profit but you can always  take some because you can still re invest when theres a dip  .
 meanwhile , you can hodl the rest of your coins while waiting for a buying oppurtunity .

[suzanne5223]

Cryptocurrency creates a lot of opportunities for people but it has its own limitation and this is the reason why it's advisable to take profit during the ATH market. However, taking profit doesn't mean getting out of the market and it means keeping intact your profit while the initial investment is still invested in the asset.

It's impossible for us to HODL the coins we have forever, that's the importance of planning when trading crypto, so that we have a strategy to be
able to generate profits.

Yes, we cannot holder coins forever but there's a difference between crypto investment and trading. I never mention trading in my previous post and I was talking about the fundamental strategy of crypto investment which is to buy low and sell high.

It is true that crypto trading provides a great opportunity to make a profit, but we can get profit by selling the coins

Crypto trading is not the only scheme that provides a great opportunity to make a profit in the crypto market and it not all the people that sold their holding sold at a profitable price.

Actually, it is highly recommended to run a fundamental strategy, namely buying at a low price and selling at a high price. But the reality is it's not that
easy to run it, we need knowledge and experience to run it properly. Especially newbies often miss the opportunity to sell coins at high prices,
then finally not long after that the price of the coins dropped and made the newbie panic by doing a cutloss. That's something that often happens when
a newbie enters the crypto world without first learning the basics about the crypto world, so they don't understand how the crypto world works.
If we have knowledge we will better understand how the crypto world works, so we can sell the coins that we hold at a high price and can make a profit.
Don't let us hold coins for a long time, but because of a panic the price of the coins we are holding keeps going down and we decide to sell them.

It is good you understand that the fundamental strategy is not easy to execute and the newbies are the only people that miss the opportunity to sell at a high price. Besides, no one can have a better understanding of how the cryptocurrency market works, and the last time I checked we have seen a situation where the market posed a trend with nothing to prove the reason why it pose the trend.

Having said that, holding for the long term is still the best strategy.

[macson]

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

crypto-assets such as bitcoin and ethereum may not always be at the top price, there will definitely be a moment when the price is below then that i prefer you to do the first one, which is to sell first and then buy again when the price starts to fall.

[DuckPoloicE1]

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 you can take out and invest again only if you are sure that you can do profit.

[Silberman]

In this market, we have varying strategies on how to optimize our profits. There's no ultimate route to take here. Each one of us can choose different options to take, in order to maximize your gains. But it doesn't mean, you will not incur losses with your chosen option. This is why diversifying is a very good technique to reduce possible losses. Because each market is different and they have their own good times. You just need to take the step on how to take advantage of the situation and know when to exit before you attain big losses.

Many times we see in the forum newbies asking for strategies to obtain profits in the markets, but what they do not understand is that with the thousands of indicators that we have in place there is an infinite amount of strategies that can be created using those indicators, and that a strategy that makes sense and it is profitable for one person could be a strategy which does not make sense and generates losses for someone else, this is why the best path is always the one you forge by yourself, as by doing that you will know the strong and weak points of your strategy and adjust it accordingly.

[crzy]

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 you still see opportunity in cryptomarket,  you can reinvest it because I believe on good investments and your money should work for you, cryptomarket has been my other source of income and I'm earning through capital appreciation here, and reinvesting. Hold only if you know where to sell, I'm experiencing a problem before while holding because I become more greedy and forget to take profit, the result is not good for me.

[alexsetiawan]

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

Number 1 is good, if your profit is enough, you can take the profit
Number 2, for long term and feel sure your coins will go up high

[Kimonoe]

what I do is sell it when the price reaches a new ath and make it usdt, after a correction occurs then I will buy it back gradually, so that we get more coins, and of course we can enjoy some of the profit to have fun buying what we need, don't we too need to reward ourselves for what we have earned....