do not exceed your targets

[Y3shot]

I have learned something so important in the previous bull market that got to about $30k . When the price of bitcoin was $21k I bought some bitcoin and after getting this amount of bitcoin I had target if it gets to $30,000 I will take profit, luckily it got to the price I was targeting but I was reluctant to take profit like I planned thinking the market price will go beyond $30,000 to get more profits but unfortunately the price didn't continue to increase,  but I'm not worried about that because I know the price will definitely increase again and I will get my profit of target.

I'm saying this because of some people who may have a target,  it is important for them to hodl to their target and not be carried away by the increase of price of  the market. The market can never be predicted, hold to your target and never be too greedy to make more profit. There is another day for another profit. This is important for people who have been patiently waiting for their target .

[1714773183]

1714773183

[Nwada001]

I think you should edit and correct your figures; $30 is different from $30,000.
 One thing is to have a target; another is to hold onto your decision. If you eventually meet your dream target and, out of greed to make more profit, you miss the chance to sell at that price,

To me, it's advisable for you to hold your coin and never sell low, because selling at a lower price when you have already seen a higher price might make you look like a fool. At some point, it's good to sell below your target if you see that the market is dropping. In order to stop losing money, you can sell below your target.
But it's always good for you to hold onto your target very strongly; don't allow greed to control you.

[Zaguru12]

It is one of the best strategies to have a target where as the best target is to hold for a longer time but short targets aren’t bad either. I don’t blame you for getting a little greedy when the price was on an increase it was Human. Sometimes I feel when we set target we can Atleast twerk it to gain more if at all the money you invested isn’t an amount that would be of a problem if it runs into loss. But if the money is for a specific purpose and one invested it into bitcoin with a target which is tricky it is better to withdraw immediately the target is met.

Regardless do not invest into bitcoin to get a profit at a certain period because the market doesn’t actually have a specific trend.

[Fiatless]

I'm saying this because of some people who may have a target,  it is important for them to hodl to their target and not be carried away by the increase of price of  the market. The market can never be predicted, hold to your target and never be too greedy to make more profit. There is another day for another profit. This is important for people who have been patiently waiting for their target.

From all indications and predictions next year will be better in the Bitcoin space. I know it is not certain because the price is affected by so many uncontrollable economic and political factors but I believe 2024 will bring more profit, so you have not lost anything. You just have to restrategize and set your benchmarks again.

But like you advised greed can make us miss great opportunities to make profits. That is why it is better to always follow our investment plans. If your plan states that it is time to sell, you should obey because delay might either lead to loss or a lucky gain.

[michellee]

If it's bitcoin, maybe everyone has a very high selling price target, especially since the price of bitcoin has reached almost $ 60k. So people might have a sell price target of over $60k, maybe over $70k-$100k so they won't sell their bitcoins until they reach their target price.

But some will still hold their bitcoins even though maybe the price has reached $100k but they don't sell their bitcoins. That's probably because they realized that the bitcoin price could go up to more than $100k so they're still holding on to the bitcoins.

So set your selling price target and wait patiently while accumulating more bitcoins, especially in times like today. If you can keep buying at the low price you are now, you will have more bitcoins and if you sell at your target selling price, you can make a very high profit.

[Myleschetty]

I have learned something so important in the previous bull market that got to about $30k . When the price of bitcoin was $21k I bought some bitcoin and after getting this amount of bitcoin I had target if it gets to $30,000 I will take profit, luckily it got to the price I was targeting but I was reluctant to take profit like I planned thinking the market price will go beyond $30,000 to get more profits but unfortunately the price didn't continue to increase,  but I'm not worried about that because I know the price will definitely increase again and I will get my profit of target.

There's nothing like exceeding your target in that if truly you understand that the Bitcoin market price will rise again and the recent dump in price that happened was just strengthen the market's bullish momentum. Therefore, if you are planning to set a target now when the market is yet to reach a new ATH price you may make a worse mistake, and to prevent that from happening I will advise you to hold for at least a year.

[Awaklara]

therefore it is important for you to manage your investment planning from the start. I mean if you have a plan to sell an asset at a target price, then you can stick to it. but if you have a plan on a time target or the accumulation of the number of assets you have, you also have to be consistent about doing it. this will not be easy for a beginner, but it will be profitable for those who manage to stay consistent with what they planned from the start.

[Razmirraz]

If it is already your decision, any positive suggestion will not affect your resolve. Your belief in the price of Bitcoin will penetrate the price of $ 30k is very reasonable, previously Bitcoin has reached $ 64K on April 14 2021 which is the highest price of all time.
It looks like you have to hold assets in your wallet longer to reach the desired target, anyone will never doubt if the decision is unanimous, only time will make your target achieved. Good luck with your decision.

[yudi09]

The recent push for the chart upwards has been a bit slow but not such a drag that we don't believe that Bitcoin will hit a high.
To be able to reach the target, it takes a strong patience.

I'm saying this because of some people who may have a target,  it is important for them to hodl to their target and not be carried away by the increase of price of  the market. The market can never be predicted, hold to your target and never be too greedy to make more profit. There is another day for another profit. This is important for people who have been patiently waiting for their target .

This kind of thinking needs to be maintained because it will lead us to a goal.
The market is very vulnerable to ups and downs which makes many analyzes not as precise as predicted.
Today the price of 1 BTC $28K, not necessarily tomorrow the price will be the same. Sometimes it can increase and can be under $28K.

[Marykeller]

What kind of bull run are you referring to? We are still in the price correlation of bitcoin and are not yet in any bull run. Don't jump to the conclusion that this year's bull run in bitcoin starts at the $30k price point.

There is nothing wrong with someone setting their target price of bitcoin higher than they actually intend to sell it for if they believe the market will continue to grow but later run it didn't.

One thing about investing in bitcoin that I can say with certainty is that, as long as you can hold on to your bitcoin assets, you won't be at a loss even if the price of bitcoin doesn't rise as quickly as you had anticipated.
With time and patience, the target price will undoubtedly arrive.

[BIT-BENDER]

You can set your target and maybe not achieve what you have set and then reset your target, the market is very volatile as so you may also continuously have to reset your target.

I believe the long term investors would be the one to benefit most, Bitcoin is solid so the risk involved in it is also low, it’s best to set long term targets when dealing with Bitcoin.

[Sandra_hakeem]

You trusted the process too much than you should have done...
All the greed and bulky eyes for a stock in cash Made you forget that there's a certain principles the market flows with ....and without them, you can't call it "marketing"...
The bull market isn't closed yet as many are still buying and HODLing 'em coins... You're certainly set to make alot of profit after this long bullish trend....now it's all about the patience cus that's what will keep you away from selling at a loss.

Sandra 🧑‍🦰

[Hyphen(-)]

It is helpful to have a price target when investing in Bitcoin, but it can be difficult to stick to the target due to emotions, especially for newcomers who are unfamiliar with market fluctuations.


But, for example, if you set a target price of $30k for selling your Bitcoin and then wake up to see it pumping up due to some good news, will you sell it or set another target and monitor the price at that time?
I believe the target is subjective because, depending on the market situation at the time, some decisions can be made that cannot be classified as greedy .

[Pandu Geddon]

yes, holding assets to stay on target will make our practice consistent. because we want to get bigger results because we are greedy, sometimes it makes us miss the momentum of the pump.
therefore investors or traders need to have good analytical skills. it is important when you want to choose an asset and also determine the target price to sell or buy.
those who are inconsistent in their targets are usually people who are still panicking at the market, and also those who are greedy with greater returns from investments or trades made.

[lionheart78]

In this case of @OP, there is one word we need to avoid and that is "GREED".  Being too greedy will make us to miss certain targets in trading.  Yes, we had set our selling price, and we should abide by it.

There is certain situation that can be an example, due to greed and wanting to earn more, we don't sell and wait for further increase which oftentimes doesn't happen because after the market hit our target price, instead of going up, the price started to plummet below our target price, in this case, @OP is lucky because he is trading with Bitcoin so there is this tendency to go up again.  If it happens that he is trading with shitcoins, his holding would be worthless by now  .

I do agree with @OP that when it hits your selling price, sell.  This will make you move on without any regrets.

[Stable090]

If you are planning to hold your bitcoin for long term, then you shouldn’t be disturbed about the current bitcoin price, but if you are having mindset of short term trading, then sometimes you shouldn’t be greedy, you won’t always meet up with your target, if you do your analysis and you think the market might soon go against you, then you should take your profits. If you are planning to hold for long term then you shouldn’t sell easily, you should be greedy for more profits.

[SOKO-DEKE]

Target is very important in almost every aspects of humans life and with it, we can achieve our aim easily. So in crypto industry, especially for traders and even long term investors we suppose to get price target and when it reach we should take our profits.Failure to get target sometimes in crypto industry about your investments may leads to lose of great opportunity some times.

So it good to always abide by our target in orders not to lose the opportunity.greediness sometimes always leads to bad luck. I remember one term that I was holding one altcoin which later pump, from the pump I make some good profits that had reach my target but do my greediness I decided not to sell and it the profits, thinking that it will continue pumping at that period but later I lost profits and even half of investment found after I sold it when I get no hope at last.

[tabas]

I have learned something so important in the previous bull market that got to about $30k . When the price of bitcoin was $21k I bought some bitcoin and after getting this amount of bitcoin I had target if it gets to $30,000 I will take profit, luckily it got to the price I was targeting but I was reluctant to take profit like I planned thinking the market price will go beyond $30,000 to get more profits but unfortunately the price didn't continue to increase,  but I'm not worried about that because I know the price will definitely increase again and I will get my profit of target.

I'm saying this because of some people who may have a target,  it is important for them to hodl to their target and not be carried away by the increase of price of  the market. The market can never be predicted, hold to your target and never be too greedy to make more profit. There is another day for another profit. This is important for people who have been patiently waiting for their target .

Good advice for yourself. If you're giving yourself a target, no heart feelings and just follow what you've set for. Many of the people that have set for target during the last bull run didn't take their profits because of greed and think that the price of bitcoin shall continue to a higher price.
I've learned my experience from 2017 bull run when I didn't take profits. It's normal for someone to feel that there's no need to take profit yet because price might be higher eventually. But then if you've seen in the past that bitcoin is highly volatile, you'll miss that moment within split seconds of not selling it. Always try to convert your profits into stable coins first so that you can comeback and buyback anytime the market goes in a correction. I've got my expectations set for short term and I've got mine as well for the long term. You need to put that boundary and target and do the necessary when you're at the right time.

[martyns]

If you are planning to hold your bitcoin for long term, then you shouldn’t be disturbed about the current bitcoin price, but if you are having mindset of short term trading, then sometimes you shouldn’t be greedy, you won’t always meet up with your target, if you do your analysis and you think the market might soon go against you, then you should take your profits. If you are planning to hold for long term then you shouldn’t sell easily, you should be greedy for more profits.

Being greedy does not really help,being greedy can still make you lose money you weren't expecting to lose,
It is always good to be smart,take your profit when you are supposed to take it,or else,your coin will reduce to zero level.
I love holding,and I have always stig to holding because I don't want to do anything that will make me have heart problem in trading.What ever that will make me switch from holding to day trading ,I only avoid it,because I know  what trading has done to someone I know,I don't want to be a victim now,so I just try as much as I could to a avoid it.

[Outhue]

You are unable to take your profits even when you have a target, it's going to be the same for many others as well, when the target is meet it could be hard to take profits, I have witnessed this many times before, and this have make many lose money, if you are into crypto for a long term be ready to take your profit once your target is reached.

In the 2021 bull run many people kept gazing on their crypto wallet after they have made some thousands of dollars, but they are too greedy to press the sell icon, they wanted more and they end up watching their bags slowly losing value thing they found themselves in another bear market.

I have vowed to never allow this to happen to me again because I have to confess, I was a victim of this too in 2021, it's because I lacked how to read charts, I think the easiest way to know if you are doing the right thing is knowing about charts.