What is your profit taking strategy?

[omgitsmehehe]

My strategy is to sell when there's a huge bull market that comes after the halvening, and I do it when it's clear that the market is very hot but starts running out of momentum. So selling now would be bad, because this is a small bull market that can go unpredictably.

And I never sell all my coins, I only take out enough to diversify my portfolio or achieve some goals. The rest are there for the long run. I also plan to reinvest some of my future Bitcoin gains back into Bitcoin when it will crash after the big bull run.

The bull season is always good times for traders and investors to triggered the sell actions on trades, not talking about small bull traps, rather when every projects in the market starts becoming green long candles. Buying during the bear and selling when the bull comes is a good trading strategy that have work for me in years, but required enough time before your target will be reached, more of patience is exercised.  Bitcoin is the main target for the bull season, many traders and investors have pieces of bitcoin which they're timing it on the bull season.

[Charmekkd]

in my opinion, if our investment already makes a profit, it's better to just take it, especially if the investment is in altcoins, because altcoins usually have a high risk.
so we have to remember that investment is looking for profit so if there is already a profit it is better to just take it and enjoy it.
and it's usually greed that makes us broken.

[Don Pedro Dinero]

My strategy is similar to the one outlined in the thread. Mainly accumulate, especially when the price is low as it is now, although I do not resist from time to time to make some transactions, but spend more in the next bull market, although for the next bull market I hope to continue accumulating despite increasing the level of spending. I still don't think I have reached an amount of bitcoin that will allow me to stop worrying without accumulating more.

[kamvreto]

My strategy is similar to the one outlined in the thread. Mainly accumulate, especially when the price is low as it is now, although I do not resist from time to time to make some transactions, but spend more in the next bull market, although for the next bull market I hope to continue accumulating despite increasing the level of spending. I still don't think I have reached an amount of bitcoin that will allow me to stop worrying without accumulating more.

You could say the stacking strategy as you mean is the DCA strategy that is usually applied to those who want to hold for the long term. Continue to make purchases so that later you will meet the buying average, and sell at the upper price target, that will give you a bigger profit. But the capital needed is also more, because every time the price drops you will continue to buy it. if you have not reached the number of bitcoins that you specified, then continue to buy would be better. this will be good for the long term.

[AakZaki]

Make sure bitcoin is your main investment and only for the long term, don't suggest selling too fast. now is a good time to keep buying bitcoin before it reaches a new ATH. But if the altcoin you hold, after seeing it becomes 2x selling it will be better. Altcoins don't last as long when bitcoin is on the move, taking profits faster on altcoins when the hype is better. Diversify your portfolio, using bitcoin as the main investment and altcoins as a short-term investment option.

[bounceback]

I have only been in crypto 14 months and it is only in the last 3 or 4 weeks with Bitcoin pumping that I have seen some profits.

I took out my initial investment in two of the altcoins I hold once they 2x so now have free money in them that I am hoping will see some good returns in the next bull run.

It got me thinking what is the best way to take profits and if taking out my investment at 2x was a clever move or if I did so too early?

Just wondering what everyone else does when it comes to taking profits?

I have made many mistakes myself by not taking out the profits while it lasted.
Trusting a project deeply is one thing and taking out the profits on regular basis is another thing.
I think other than bitcoin and ethereum all other projects are those where we should take out the profits on regular basis.
For bitcoin and ethereum it can be a good thing to hold for long term.

If investing with altcoins, it might be better if you immediately take profit when the price of the altcoin experiences a price spike that exceeds the price at the time of purchase, it is not recommended to hold altcoins for a long time, especially if the coin is not popular in the market because altcoins are usually the ones that less attractive will not have a better value in the future and the price is also easily manipulated so my advice to take advantage of it when the price is rising is the right thing to do but it is different with bitcoin because so far it has proven to be able to provide more profit by holding it.

[ajiz138]

If the altcoin is invested but already has a profit of 2x or more than that then I will take the capital while the profit will be processed again on another altcoin with a short-term duration to take the same profit faster even though it only gets 2x as long as I trade altcoins.

But unlike bitcoin it has to be long term for me because the prospects will be different from altcoins so I believe in investing in bitcoin as a long term or even myself after getting profits from altcoins then moving to bitcoin then it will be much better.

While there are opportunities in altcoins, make good use of them, the most important thing is don't be greedy because that will get you stuck in a downturn.

[Obari]

It got me thinking what is the best way to take profits and if taking out my investment at 2x was a clever move or if I did so too early?

Just wondering what everyone else does when it comes to taking profits?

Everyone has their own strategy and what might work for me, might not do same for you and what really matters is that we stay profitable at the end of the day which you did so I wouldn't say you did anything wrong to have taken your actual capital invested.

What truly matters is how much knowledge you've gotten about crypto for the period of time you stayed and not how long you've stayed.
So I will advice that you get the necessary knowledge about crypto before diving into it to make profit and there are several ways you can make money in crypto which includes
~ trading
~ farming
~ Mining
~ staking and some other ways and which ever way you choose, always price risk management.

[Zilon]

It got me thinking what is the best way to take profits and if taking out my investment at 2x was a clever move or if I did so too early?

Just wondering what everyone else does when it comes to taking profits?

A very clever decision for Altcoin investment. We can never trust those shitcoin in which majority are pump and dump. It better to take profit at 2x pump because not withstanding Bitcoin is pumping many projects will still dump in the process even before the bear market sets in. So consistent profit taking in altcoin investment is the surest way to stay in profit else the breeze of ill-luck can just strike and everything goes down to zero

[Nheer]

Bitcoin/Ethereum: Pretty much long-term holds. Not taking out money unless I really need to.

Everything else: Sell when the hype dies down, or when the token reaches fair value. Might take the risk and hold for longer if in an explosive bull run.

I have lost interest in altcoins as well because u can see a coin pump and when you wake up its going down and that might probably be the end of it. Though i am planning to hold some few altcoin as well when bull run is around the corner like eth, bnb, sol and some few. I will keep holding my bitcoin no matter the market situation.

[GigaBit]

I have only been in crypto 14 months and it is only in the last 3 or 4 weeks with Bitcoin pumping that I have seen some profits.

I took out my initial investment in two of the altcoins I hold once they 2x so now have free money in them that I am hoping will see some good returns in the next bull run.

It got me thinking what is the best way to take profits and if taking out my investment at 2x was a clever move or if I did so too early?

Just wondering what everyone else does when it comes to taking profits?

I have made many mistakes myself by not taking out the profits while it lasted.
Trusting a project deeply is one thing and taking out the profits on regular basis is another thing.
I think other than bitcoin and ethereum all other projects are those where we should take out the profits on regular basis.
For bitcoin and ethereum it can be a good thing to hold for long term.

If investing with altcoins, it might be better if you immediately take profit when the price of the altcoin experiences a price spike that exceeds the price at the time of purchase, it is not recommended to hold altcoins for a long time, especially if the coin is not popular in the market because altcoins are usually the ones that less attractive will not have a better value in the future and the price is also easily manipulated so my advice to take advantage of it when the price is rising is the right thing to do but it is different with bitcoin because so far it has proven to be able to provide more profit by holding it.

Except Bitcoin and Ethereum, investing in altcoins should take profits regularly. In the last bearish market i got good returns in some altcoins but I didn't take profit and therefore i faced big losses in all those coins. Some of altcoins are dead. So learning from that mistake, now i try to hold Bitcoin and Ethereum for long-term. The rest of the altcoins will be sold regularly as soon as i get profit. The crypto market is having a good time right now so I'm not worried about my altcoins. I will try to withdraw my return in due course. But what an investor should do that depends on himself.

[kamvreto]

I have only been in crypto 14 months and it is only in the last 3 or 4 weeks with Bitcoin pumping that I have seen some profits.

I took out my initial investment in two of the altcoins I hold once they 2x so now have free money in them that I am hoping will see some good returns in the next bull run.

It got me thinking what is the best way to take profits and if taking out my investment at 2x was a clever move or if I did so too early?

Just wondering what everyone else does when it comes to taking profits?

I have made many mistakes myself by not taking out the profits while it lasted.
Trusting a project deeply is one thing and taking out the profits on regular basis is another thing.
I think other than bitcoin and ethereum all other projects are those where we should take out the profits on regular basis.
For bitcoin and ethereum it can be a good thing to hold for long term.

If investing with altcoins, it might be better if you immediately take profit when the price of the altcoin experiences a price spike that exceeds the price at the time of purchase, it is not recommended to hold altcoins for a long time, especially if the coin is not popular in the market because altcoins are usually the ones that less attractive will not have a better value in the future and the price is also easily manipulated so my advice to take advantage of it when the price is rising is the right thing to do but it is different with bitcoin because so far it has proven to be able to provide more profit by holding it.

Except Bitcoin and Ethereum, investing in altcoins should take profits regularly. In the last bearish market i got good returns in some altcoins but I didn't take profit and therefore i faced big losses in all those coins. Some of altcoins are dead. So learning from that mistake, now i try to hold Bitcoin and Ethereum for long-term. The rest of the altcoins will be sold regularly as soon as i get profit. The crypto market is having a good time right now so I'm not worried about my altcoins. I will try to withdraw my return in due course. But what an investor should do that depends on himself.

It will be a mistake you will never forget. Had a lot of profit from altcoins but didn't take those profits, so the market was bearish and all was lost. If you have to hold on and believe in the altcoin, then you have to hold it until a return will occur without having to cut losses which of course will cut your losses and lose some of your money. some altcoins that are dead and abandoned are of course hopeless, you only need to focus on altcoins that are still being built by developers and of course you hold bitcoin and ethereum as the main coins.
The profit taking strategy is actually very simple, get it and then sell it, but in practice it won't be as easy as saying words.

[tvplus006]

...It got me thinking what is the best way to take profits and if taking out my investment at 2x was a clever move or if I did so too early? ..

If the price of the coin has increased by 2 times, then it would be reasonable to withdraw the initial amount that you invested. In this case, regardless of the further movement of the coin, you will retain your initial investment amount, which you can re-invest in another coin that is being adjusted.

[summonerrk]

I have only been in crypto 14 months and it is only in the last 3 or 4 weeks with Bitcoin pumping that I have seen some profits.

I took out my initial investment in two of the altcoins I hold once they 2x so now have free money in them that I am hoping will see some good returns in the next bull run.

It got me thinking what is the best way to take profits and if taking out my investment at 2x was a clever move or if I did so too early?

Just wondering what everyone else does when it comes to taking profits?

In no case do not start investing more in your deposit. 14 months is still a very short time for a trader. I am sure that you are a smart person, but even the smartest need about 2.5 years to start showing stable financial profits from the cryptocurrency markets. Yes, it may seem to you that you have already made all the mistakes, and you have experience. But be patient for another year and only then invest additional funds. So far, you are still learning.

[Kasabus]

Make sure bitcoin is your main investment and only for the long term, don't suggest selling too fast. now is a good time to keep buying bitcoin before it reaches a new ATH. But if the altcoin you hold, after seeing it becomes 2x selling it will be better. Altcoins don't last as long when bitcoin is on the move, taking profits faster on altcoins when the hype is better. Diversify your portfolio, using bitcoin as the main investment and altcoins as a short-term investment option.

If you want to see maximum profits when bull run strikes, then stick with bitcoin. Or maximize bitcoin accumulation through DCA, and maybe purchase some Ethereum to diversify your investment. Some other top altcoins can also be profitable but you can never guarantee that they will continue to increase their value even if you will hold them for long term. So once you see them in profits, you can start selling them at their peak price and then focus on bitcoin accumulation and consider them as long term investments. You will be highly profitable if you know how to deal with bitcoin volatility and keep them as long as you want.

[JamesDaniel90]

Make sure bitcoin is your main investment and only for the long term, don't suggest selling too fast. now is a good time to keep buying bitcoin before it reaches a new ATH. But if the altcoin you hold, after seeing it becomes 2x selling it will be better. Altcoins don't last as long when bitcoin is on the move, taking profits faster on altcoins when the hype is better. Diversify your portfolio, using bitcoin as the main investment and altcoins as a short-term investment option.

If you want to see maximum profits when bull run strikes, then stick with bitcoin. Or maximize bitcoin accumulation through DCA, and maybe purchase some Ethereum to diversify your investment. Some other top altcoins can also be profitable but you can never guarantee that they will continue to increase their value even if you will hold them for long term. So once you see them in profits, you can start selling them at their peak price and then focus on bitcoin accumulation and consider them as long term investments. You will be highly profitable if you know how to deal with bitcoin volatility and keep them as long as you want.

Bitcoin is safe profits not maximum profits.

Bitcoin will maybe 6x next bull run at best? some altcoins I have been following in the last month have done 6x in a week.

I am investing in Bitcoin but I am also in low cap altcoins and putting all the profit I make from them into Bitcoin. Yes some altcoins will go to zero but a lot will see good pumps in the coming months.

[Getmon]

It depends on the coins you have in your possession. If you own Bitcoin and Ethereum, you should not anticipate a minor crypto pump as what happened in recent months to double them. You were fortunate to double your investments; I have gained recently but have not nearly doubled my capital. You are earning more and doing well during your lengthy wait, so I have no right to claim that my strategy is superior. I am just being cautious in the market because I think we are a long way off from the next big market pump, like in 2021 and 2017.

[Mpamaegbu]

I took out my initial investment in two of the altcoins I hold once they 2x so now have free money in them that I am hoping will see some good returns in the next bull run.

Still, it's not yet "free money" until you've sold off. Profit seen on screen isn't profit taken. I've seen several instances where tokens rise in price only for them to slump and in some cases, become worthless in price value.

It got me thinking what is the best way to take profits and if taking out my investment at 2x was a clever move or if I did so too early?

Just wondering what everyone else does when it comes to taking profits?

Well, I think taking profit is something that's subject to individual disposition and. For instance, I like to take profit by piece meal on the average of 25% on my investment or I do something like 95% if I think that token is going to scam or abandoned. I do not sell just for the fashion of it.

[Rengga Jati]

I have only been in crypto 14 months and it is only in the last 3 or 4 weeks with Bitcoin pumping that I have seen some profits.

If it is about Bitcoin, I am taking profits from Bitcoin for a long-term period, which means that I am still waiting for the bullish era of Bitcoin to take the profits. This will be worthwhile for me because I am no longer a high-risk taker for Bitcoin investment, so, this will not really give any big influence for my portfolio with this current pump.

I took out my initial investment in two of the altcoins I hold once they 2x so now have free money in them that I am hoping will see some good returns in the next bull run.

If that is about altcoins investment that is for a short-term investment, this will be worthy if you take the profits right before the price probably dump again right? But if you want to make it as long-term period, you must also be able to consider if the altcoins are able to survive until the bullish era or not.

[GiftedMAN]

Bitcoin/Ethereum: Pretty much long-term holds. Not taking out money unless I really need to.

Everything else: Sell when the hype dies down, or when the token reaches fair value. Might take the risk and hold for longer if in an explosive bull run.

I have lost interest in altcoins as well because u can see a coin pump and when you wake up its going down and that might probably be the end of it. Though i am planning to hold some few altcoin as well when bull run is around the corner like eth, bnb, sol and some few. I will keep holding my bitcoin no matter the market situation.

Just so you don't end up hoping for profit and get disappointed when all your funds are gone, altcoins have no future, sell them all and focus your investment in bitcoin because for what has been seen in the past, we are close to entering the next bull and the amount of bitcoin you hold now will determine how much profit you stand to get. ETH could be a good investment too but the rest that you mentioned here are all shitcoins and can't be matched with bitcoin.