Taking profits vs holding long term?

[The Cryptovator]

Do both if you can. Hold for a long time to get a good ROI without much panic. And trade with some funds if you are a pro trader. Traders would multiply portfolios even in bear, of course only risk takers could do it. Though I do long trade now which looks like a hold. But I don't hold for too long. When I have a good profit I just sell and wait for a dip. If happens to dip then accumulate, if not I will wait. I can't short trade lately due to lack of time and experience as well.

[AakZaki]

From my experience, the best is taking profit to retrieve your initial capital back.

Then, if you still believe in what you are holding, you can keep holding it and wait for higher price. Fortunately, with this approach, even if the worst happens, you will not lose any cent of your initial capital. With good scenario, you can have x5, x10 in profit.

Then use the profit to take advantage or hold again. It means that you have survived and done all with your profit money. That's what I've done, although I believe trading can't be separated from losses we can only minimize it. With the profit funds used you will feel more at ease. There is no pressure too great so, you will not be burdened to take your money immediately. As for holding back or taking advantage, I think the two are good. The rest is your ability and comfort in trading.

[Rengga Jati]

My main position is 55% in profit and I have been debating if I should take some to then buy back lower when we experience our next crash.

This will depend on your own goal.
First, you must consider what goal you are investing. If your goal is to buy and sell to take profits, you can ensure that at least you have earned your own capital by selling 50%. this will be profitable enough because you still have a half and they are all your own profits actually. But if this is too high, you can decrease the percentage, and not be greedy. Except that you still want to use the capital for other trading activities.
Second, if your goal is to make a long-term investment, just buy and save, like forgetting. You can save them securely and then pen the market in the bullish era, this may need a few months or years. As long as your assets are worthy of long-term investment, why not?

[Viscore]

Just wondering what everyone else does? Do you take profits along the way and if so at what point? Or do you just invest to hold long term?

From my experience, the best is taking profit to retrieve your initial capital back.

Then, if you still believe in what you are holding, you can keep holding it and wait for higher price. Fortunately, with this approach, even if the worst happens, you will not lose any cent of your initial capital. With good scenario, you can have x5, x10 in profit.

It’s not a bad idea to sell if you see your are profiting already, knowing the fact that you are also aiming to buy back at a lower bitcoin price. However, we still don’t know yet if bitcoin price will drop more or will eventually starts surging. That’s why most of us here still prefer hodling and only start selling when they think they can already gain maximum profits. Although we have different timeframe when to sell, but it’s best to sell only when the market has turn into bullish because that means bitcoin is definitely is in another peak price.

[Oceat]

The bear market usually last longer than the bull market but it depends on you if you want to hodl more if you think it's quite a bit down if you sell your Bitcoin now. Just know that the important part is to take the profit or regain your investment capital with a profit of course then you decide whether you want to invest again or buyback and hold to wait if the market pump back.

We all have different strategy in trading, you just have to know what's yours or what's best that suited your style of trading.

[libert19]

I have tried both and have never regretted taking profit. My 'Hodling long term' coins no longer exist.

[DevFile90]

If you are in for a short-term investment then taking profits fits your strategy, as a long term holder you don't have to invest any money you will be needing soon, long term holding takes years to work out, also you will have to write down your private keys and move on, I mean stop looking at your portfolio Every time to time.

[Darker45]

My answer would depend on the particular coins that you have in your portfolio. If what you've got is Bitcoin, I wouldn't mind keeping it for more years. If those are made up of altcoins, I think I'd be happy with the 55% profit and convert them into Bitcoin. If you what you have is Bitcoin invested in lending, staking, or whatever centralized platform, I'd also be satisfied with that profit and withdraw.

By the way, I'm now primarily a HODLer.

[KingsDen]

My answer would depend on the particular coins that you have in your portfolio. If what you've got is Bitcoin, I wouldn't mind keeping it for more years. If those are made up of altcoins, I think I'd be happy with the 55% profit and convert them into Bitcoin. If you what you have is Bitcoin invested in lending, staking, or whatever centralized platform, I'd also be satisfied with that profit and withdraw.

By the way, I'm now primarily a HODLer.

It so much depends on the coin he is holding. But I want to contribute with the assumption that he is holding bitcoin. You can only be talking about holding for 2-3yrs if it's bitcoin.

Deciding to take profit or hold for longer period depends heavily on two things.
1. The kind of money you used to invest
2. The amount of time you have.

1. The kind of money I meant is that did you invest with your money for next year house rent? Did you invest with borrowed money or money you will be needing in few months? If yes, take profit periodically. Otherwise hodl.

2. Do you have the time to monitor the price and know when it's in profit. Are you holding with exchange that you can easily sell and rebuy? I hold with non cust wallet and I am hodling till 2024/2025 so I don't have big business with price volatility.

[AakZaki]

Back again to your original intention, that you just buy and wait 2-3 years for your profits. If you like to have a commitment like the initial strategy, all you do is wait for the long term and keep buying cheap. Even though you have 100% profit but if your target is 2-3 years, keep holding on. This also depends on the target price you want for the long term.
But if the long-term price target can be reached more quickly, sell it and enjoy the profits.

[pooya87]

The crypto I am talking about is Quant.

I started investing in Quant at £110 but bought 5 when it reached £40 In June which has helped me reduce my average buy now to only £62. It has just gone past the £100 mark for the first time in a while and looking strong but who knows how long this will last.

I think if it does keep on growing and I get to around 80% profit then I will take out my investment and just let the rest run for a few years and hope it reaches the levels people say it will.

It's a useless pump and dump shitcoin that had its moment in the sun back in 2021 when it was pumped to $400 but got dumped hard all the way down to $40. You are right that nobody knows how much more it is going to get pumped but one thing is guaranteed and that is the dump which will come eventually.

This is why I always advise against bag holding altcoins. If you bought around $50 and it is now around $100 in less than 2 months you should take the 2x profit and be satisfied with it and move on to another shitcoin that is pumping. That is my strategy anyways...

[kamvreto]

It's a useless pump and dump shitcoin that had its moment in the sun back in 2021 when it was pumped to $400 but got dumped hard all the way down to $40. You are right that nobody knows how much more it is going to get pumped but one thing is guaranteed and that is the dump which will come eventually.

This is why I always advise against bag holding altcoins. If you bought around $50 and it is now around $100 in less than 2 months you should take the 2x profit and be satisfied with it and move on to another shitcoin that is pumping. That is my strategy anyways...

switch from one altcoin to another. leveraged several altcoin pumps before it became a dump. A strategy that can be used by anyone, but also has a big risk.
Altcoins are indeed very risky, especially holding shitcoins.

Currently several altcoins are trending such as FLOW which is currently being pumped because FLOW is supported by META (facebook). But let's take a look at the history of FLOW prices, this is nothing more than a small pump because FLOW in 2021 was pumped up to $46 and then dumped up to $1.1 in 2022. Right now the FLOW price is at $2.92, just adding a few digits to the number.

[yourthankyou]

Life is short, so we better live now than in 2-3 mystic years that may even never come

[Smartvirus]

I think the most convenient for you @OP always goes. When you've got needs that can't wait, I think it's only right that you should satisfy those wants. There is nothing wrong in taking profit or cutting loses if you've not got the stomach for the pain it could course you should it result to that.
Just don't forget that in taking profit, you still get to loose some coins, just a lot fewer than it would have been as at the time of investment and you might be selling a lot more as compared to the next 5years. In the end, you get to speculate and decide to its necessity based on prevailing circumstances.

[Mpamaegbu]

Have been involved with Crypto 6 months now and my portfolio is now only 20% down due to this run we are currently going through.

My main position is 55% in profit and I have been debating if I should take some to then buy back lower when we experience our next crash...

OP, no one can accurately advise you here based on what you've put out here. You didn't tell us what's in your portfolio and as such it will be difficult knowing what crypto that you've which is dipping or not. Not all cryptos rise or fall at the same time; that you should know. So, we can't judge every crypto by the parameters of others. Going forward, you should try your hands on learning the rudiments of technical analysis (TA). That's a better way of knowing how to guage price movement. It will even save you the stress of having to wait for others before taking or exiting trades.

[Masplanc]

For me if I'm investing altcoins I always take profit expecially when it comes to be coin that is not very reliable. As for bitcoin I hodl,  I don't feel disturb to up profits, bitcoin is more suitable for long term investment.

[Victorik]

Have been involved with Crypto 6 months now and my portfolio is now only 20% down due to this run we are currently going through.

My main position is 55% in profit and I have been debating if I should take some to then buy back lower when we experience our next crash.

Just wondering what everyone else does? Do you take profits along the way and if so at what point? Or do you just invest to hold long term?

When I first started 6 months ago I had the intention of just buying and waiting 2-3 years till our next bull run to cash out but lately I have been thinking if I can also make money along the way then that would be even better.

From personal experience, I like taking out my capital when my token has pumped, I can afford to risk the profit, allow it time to grow a bit, then start taking profit along the way.
Especially if you are holding a shit coin, Learn to take profit, because anything can happen.

[Bholutefe]

I would prefer taking profit first, then sit back and observe what the market would say either favourable or unfavourable. It is advisable to always take less risk than taking higher risk on investment all in the name of investment. Making a very huge loss on trading always brings about bad impression about trading thereby causing others to stay back from trading. We really need to know how to manage our risk properly in such a way that it won’t cause a heavy loss on our investment l. Holding a particular trade for long stirs a negative mindset on trading which at the end of the day might lead to loss.

[GeorgeJohn]

The reason you started is what matters most. It is not advisable for anyone to venture into any investment without considering the time to cash out or reinvest. If one's reason is making profit as the market goes, I can say for a fact that there would be sleepless nights with lots of aspirin to swallow. For long term, only cash not needed at once should be invested so as to maintain composure and project for other future investments.

That's the major reason while i encourage many people who wants to adventure into cryptocurrency and especially trading department, to know the rudiments of trading because venturing into it. One primary task we should give ourselves concerning cryptocurrency investment and trading, is to understand the basic factor that can hinders the success of someone who ventures into trading.

[Fivestar4everMVP]

Just wondering what everyone else does? Do you take profits along the way and if so at what point? Or do you just invest to hold long term?

For me personally, that I decide to take profit or not and at what point I take profit if I decide to ~ depends on what or the kind of project I invested in and how much I invested.

The best advice is to take profit when you are most comfortable with doing it, doing this helps you recover your initial investment which ~

• Puts you at zero risk of loss, just incase things turn out bad for the project you invest in, you already got your initial investment back, so no real loss will be experienced.
• Gives you the opportunity or ability of deciding whether or not to invest in another good project since you have the required capital in your hands already.

So in conclusion, taking profit is good, Infact, it is one of the best investments strategies.
And when to do it is an individual thing, it is you who should decide when it is good for you to take profit since ~

• your future plans are not the same as the other person's,
• the amount of money you invested might not also be the amount of money the other person invested too.

So it is really you and you alone who should decide when it is best for you to take profit.