do not exceed your targets

[Smartvirus]

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.

It's always a good thing to make plans and actually follow them. Without plans, it's so easy for one to lose its course. Plans are the only thing that helps one to stay in line and avoid unnecessary regrets. Good enough, the bitcoin market is one that its volatile nature could be overcomed by having enough patience for the market to bounce back to a desired price.

Hodling is always your asylum in an unstable and unpredictable market. It's not a bad idea to always change the plan to hodling after you have faulted it. You'll always better off hodling than trying to profit at every price shift.

[1714775377]

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[loopes]

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 .

This will be a trading plan that every trader must be critically to set up. After reaching the target it will be better to sell so it will avoid a fail or distraction on your trading plan.  If you can see more potential statistic to get more profit by volatility of bitcoin price then right away to analyze next trading plan to do.

[Kasabus]

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 .

It’s a certain fact that people decide to invest not only because it’s their passion but mostly because of their greed. But if it reaches the point when your greed is highly uncontrollable, that will only lead you into possible losses than to reap your future profits. That’s the reason why we should always stick to our target goals, and not be carried away by greed. After all, when you decide to sell at a good price, you are already making profits. So just buy back again when the price drops sharply so you can enter the market at its perfect timing.

[Oceat]

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 .

It’s a certain fact that people decide to invest not only because it’s their passion but mostly because of their greed. But if it reaches the point when your greed is highly uncontrollable, that will only lead you into possible losses than to reap your future profits. That’s the reason why we should always stick to our target goals, and not be carried away by greed. After all, when you decide to sell at a good price, you are already making profits. So just buy back again when the price drops sharply so you can enter the market at its perfect timing.

Exactly!

Exceeding your price target will disrupt your will to and instead you will try to hodl more waiting for the price to grow without knowing and how dangerous it is waiting without considering the possibility of it going down. That's the danger of being greedy you will expect more instead of getting that desired profit which is more than what you gain when the the price would suddenly drop.

I hope everyone don't make the same mistake as what the OP did and I know some of them already did made a mistake but it's about time they have to correct it once they meet again with their price target.

[Luffygroove]

That's code for "be disciplined with yourself" or "don't let your emotion take over" or "don't be greedy; that greed could screw you." It's a cliche, I know, but I believe it's worth the effort. You can't make a decent choice if you're plagued by uncertainty, and greed will lead you there. To survive and succeed, we need nothing more than a level head. Yes, I've been through this a lot and am still working on getting past it. My guiding principle is to "seize the day," which in the context of investing means "wait for the bull run, sell when it reaches ATH, and forget about it."

[CryptoHeadlineNews]

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 .

That's a very good advise you just mentioned as stated above, because if I could remember, the last time Bitcoin had a price of $21k per BTC was 4 months ago (December 2022), which means if only had you invested a whole 1 BTC, by now you should have made a profit of over $6k since the current price of BTC is $27k. But however, I'm sure if Btc could break this $30k resistance, it will likely hit another high price of the least $40k in few months from now. Because from this action of yours it clearly shows you are one person who truly believe in Bitcoin.

[Questat]

That's code for "be disciplined with yourself" or "don't let your emotion take over" or "don't be greedy; that greed could screw you." It's a cliche, I know, but I believe it's worth the effort. You can't make a decent choice if you're plagued by uncertainty, and greed will lead you there. To survive and succeed, we need nothing more than a level head. Yes, I've been through this a lot and am still working on getting past it. My guiding principle is to "seize the day," which in the context of investing means "wait for the bull run, sell when it reaches ATH, and forget about it."

But unfortunately, most of us are emotional and yes, greedy. That is why we could see that people usually ask what happen to crypto now. Why did the price drop? It is absolute to say that people are in a hurry of making themselves rich and so they never follow what is in their plan instead, they follow their emotions and unrealistic target.
There is no way to gain success if we fail to follow our simple plan and with all investment, the same scenario is able to see.

[touseefahmad1999]

Thank you for sharing your experience in the previous bull market. Indeed, setting a target and sticking to it is an important strategy for traders and investors to minimize their risk and maximize their profit potential. It is easy to get caught up in the excitement of a rapidly rising market and become greedy, but this can lead to making impulsive and emotional decisions that can be detrimental to your investment.

As you mentioned, the crypto market is unpredictable and can fluctuate rapidly. It is important to have a clear strategy in mind and follow it consistently, rather than trying to time the market or chase after quick gains. This can involve setting price targets, using stop-loss orders to limit your losses, and diversifying your portfolio to mitigate risk.

In addition, it is important to do your own research and stay informed about the latest developments in the crypto market. This can involve following news sources, keeping up with industry trends, and staying aware of regulatory changes that can impact the market.

Overall, patience, discipline, and a clear strategy are key to successful trading and investing in the volatile world of crypto

[pawanjain]

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 .

Let me tell you something. Profit booking is not everyone's piece of cake. Only the wise ones can book their profits consistently.
Most of the other traders generally wait for higher price and eventually sells at lower prices and book lower profits.
In fact, many people sell at a loss and keep waiting to buy back. But what you say is true. We do need to book our profits at our targets.
We should control our greed and execute our trades as per the strategy we have planned. Patience is the key.

[cydrix]

Having a target is one of the finest methods; the optimum target is to hold for a longer period of time, but short targets aren't bad either. I don't blame you for being a little spoiled when the cost of living increased. Sometimes I think that if we set a goal, we can at least tweak it to gain more if the amount of money invested isn't too high to cause a problem if it fails. However, it is preferable to withdraw the funds as soon as the goal is reached if the money is intended for a specific use and was invested in bitcoin with a challenging target.

[ZAINmalik75]

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 am agree with you that btc price will increase once again but we don't know how much time it will take to reach again 30k. It is good to set goals from the beginning that how much profit will be good for you. Actually it was your sixth sense telling you that in this place you should take profit and wait for dip to make another entry But you fell into temptation and lost opportunity to sell at 30k.

If you were a trader, you would know that I can't do much more than that but you just trusted on holding. I will recommend everyone to learn some trading also to get more Profit in these up and down situation. if you have good fund then 50% should be used for holding using DCA while other for trading.