Thehallows (OP)
Newbie
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Activity: 19
Merit: 0
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August 22, 2023, 10:53:31 PM |
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We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.
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Nwada001
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August 22, 2023, 11:45:25 PM |
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I don't know about others, but if the market turns around now, which I believe will definitely happen in times to come, I will sell the bitcoin that I bought during this unexpected bearish market. Those bitcoins are not for long-term holding, and the purpose of buying them was to realize a fear profit when the market turns around. I just wanted to be part of the people keeping the buying circle alive, even though my purchase was a small unit.
So taking profit will happen if I can see bitcoin back again in the range of $30,000+, as it will give me little profit added to the initial purpose I had when the price was at $26k+. It's only those who don't care about a shot and a few profits that will make any sales even if the price turns around today, as their main purpose is to accumulate as much as they can at every given opportunity, maybe until the market hits a new ATH. That's what could finally move them to sell off some of their holdings and record profits.
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Peanutswar
Legendary
Offline
Activity: 1722
Merit: 1313
Top Crypto Casino
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August 22, 2023, 11:53:34 PM |
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Through scalping. Investment in Bitcoin is not only to buying and holding for the long term you can use the price movement action in the short term way, example if the market price drops you will secure to buy opportunity if you see the market will possibly go down sell your asset and secure again another position. Spot trading is ideal with this current market state for beginners if you have the capability to trade in futures it's good too because with volatility you can set your positions.
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Darker45
Legendary
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Activity: 2758
Merit: 1927
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August 23, 2023, 12:03:19 AM |
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You can sell and then wait for the price to correct before buying back. In this way, you've got a bigger amount of Bitcoin. However, this is essentially trading and it has risks. What if the price increased a lot more after you sell? What would you feel? It is possible that you imagine the price rising more and therefore fear that you'll miss out on more profit. Your next step could be that you're forced to buy back at a higher price for the sake of more profit.
But it could happen that after buying back the price corrects. What will you do? Would you stick to your Bitcoin now that the price is falling? It is possible that you will sell thinking that the correction isn't over yet. You will buy back at a much lower price. But then the price could rise instead. This is the hardest obstacle: predicting with accuracy. But then the price of Bitcoin is highly unpredictable.
My experience tells me to remain hodling. Unless there is a need to convert, my Bitcoin remains in my wallet in bearish and in bullish times.
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DapanasFruit
Member
Offline
Activity: 1218
Merit: 49
Binance #Smart World Global Token
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August 23, 2023, 04:50:07 AM |
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I am not now involved in crypto trading in whatever strategy because I preferred holding some of my beloved crypto assets for now...until maybe around December because by then I would be needing some real cash into my wallet, that is why am really hoping that Christmas time will not mean a bearish period for Bitcoin and the rest of the gang. Anyone with the knowledge and right strategy, one can be making good money whether the market is up or down.
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Silberman
Legendary
Offline
Activity: 2702
Merit: 1374
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August 23, 2023, 05:25:05 AM |
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We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.
The obstacles are always the same, the volatility and the unpredictability of this market make very difficult to close your position at the perfect moment, still I am sure that many of those that are willing to sell their bitcoin at the top are not really thinking about leaving this market behind for good, they simply want to obtain some profits and then once the bull run is over they can use their cash to buy even more bitcoin than what they had before, while they will retain some fiat on hand they can now use as they please.
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Patrol69
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When it comes to investing, it is good that you plan to invest for the long term, but sometimes you must use your brain. Suppose you plan an investment for one year and accordingly you invest after holding the investment for six months and you get the expected profit, after getting the expected profit, do you need to hold the investment for the remaining six months? Or you could see the market gradually going down after making some profit, what should you do at that time? If you ever find yourself in such a situation then what you should do at that time is to sell your investments and refrain from investing until the market normalizes. If you can use your knowledge to invest in this way, your investment will never be stuck at the same level. So definitely invest with a specific plan and try to hold your investment or sell it by understanding the market conditions.
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aoluain
Legendary
Offline
Activity: 2436
Merit: 1378
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August 23, 2023, 06:21:23 AM |
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We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.
The obstacles are always the same, the volatility and the unpredictability of this market make very difficult to close your position at the perfect moment, still I am sure that many of those that are willing to sell their bitcoin at the top are not really thinking about leaving this market behind for good, they simply want to obtain some profits and then once the bull run is over they can use their cash to buy even more bitcoin than what they had before, while they will retain some fiat on hand they can now use as they please. The biggest chance for big gains is during the halving and taking advantage of the 4 year cycle between halvings. Some people over the years have criticised others for not taking profits after the halving, thats fine but not everyone wants to play that game, timing the highs and lows for absolute maximum profit is tricky due to the volatility of the markets as per Silberman. Personally I dont think I would be confident selling my Bitcoin after the halving and hoping that the market price falls drastically to buy back, what if it doesnt, or if keeps rising after I sell and falls back to a higher value than when I sold?
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▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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ImThour
Copper Member
Legendary
Offline
Activity: 1498
Merit: 1619
Bitcoin Bottom was at $15.4k
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August 23, 2023, 06:49:22 AM |
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We are not in a bear market phase. We are already over that, you can say we are in an accumulation phase. Big bulls and whales are buying Bitcoin of the market. They do not worry about your Daily or 4H Timeframes. They are here to keep their stashes for long run, for more 2 years until November 2025 when they will start selling a bit to enjoy the profits which they make.
That's what I will do. Just follow the big money to make big money.
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Faisal2202
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August 23, 2023, 06:52:14 AM |
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We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.
Well I have only one strategy which is Holding and the biggest formidable obstacle in achieving that strategy is market and economic situations. If they went soft on me then I will be able to hold for longer period of time other wise not. But still, to make a decent profit you first have to calculate all the possibilities of course no one could predict all but at least the ones which makes sense. Let's say you invested "X" amount and wanted to book profit at the price of $100k but when you see the price is increasing (means let's say buying price is $30k and it increased to $60k). So, you might think that your portfolio is doubled now and its the best time to book profit or at least the investment but believe me that's the biggest mistake one could ever do. We should not fall prey to market sentiments instead we should try to control them.
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Poker Player
Legendary
Offline
Activity: 1554
Merit: 2261
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August 23, 2023, 07:43:48 AM |
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What I do is a variant of DCA in which I make partial sales in bull markets.
The pure DCA strategy consists of buying exactly the same amount per week or per month for a period of time. Let's say you set out to buy $100 a month in Bitcoin for 10 years. It can also be indefinite, like the one that makes DCA for retirement and eventually leave it to your heirs.
But the thing is that with the modified DCA strategy I take advantage of low points in the market to buy a little more, as I did at the levels below $20K that we had recently and for the next cycle I plan to make partial sales above $100K, but always making sure that I keep a good amount of Bitcoin for the future.
If you want a more detailed and sophisticated explanation, ask JayJuanGee, who has very long explanations on the subject.
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taufik123
Legendary
Offline
Activity: 2716
Merit: 1855
Rollbit.com | #1 Solana Casino
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August 23, 2023, 07:45:07 AM |
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We all even go through bearish post phases, and that happens to all markets. Asking about the advantages and disadvantages, for me, the advantages will be gained if we keep calm and patiently wait for the bull market. In addition, we should stick to the original strategy path, do good management, and have reserves to buy back.
If you are too afraid to face the bearish market, then take a break and do not open the market. Definitely don't do anything stupid by throwing away the holdings you hold at a loss.
A bearish market is a sign that you should go shopping, or if you have some spare funds do some quick trading or scalping. Make sure every up and down gives a little profit.
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Sim_card
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August 23, 2023, 07:48:09 AM |
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I don't have any strategy of getting profit when the price increases because the plans that I have is to sell at the bull run. The only advantage that I see from the current price of bitcoin is that I have accumulated some fraction and I hope to continue with DCA till the price pumps up. Nobody knows the direction which the market will move to either dump or pump,that is why I see hodli as the best so that your profit is certain at the bull run.
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joniboini
Legendary
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Activity: 2366
Merit: 1806
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August 23, 2023, 08:02:13 AM |
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So, you might think that your portfolio is doubled now and its the best time to book profit or at least the investment but believe me that's the biggest mistake one could ever do.
I don't really think that is a mistake. From my experience, there is nothing wrong with securing some profits, especially after a bull cycle because the next run the price of your coins is likely going to plummet. I think believing that you'll eventually make profits when BTC hit $100k or something is way worse than having multiple plans along the way.
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Gun Boat
Newbie
Offline
Activity: 29
Merit: 5
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August 23, 2023, 09:57:51 AM |
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I don't know about others, but if the market turns around now, which I believe will definitely happen in times to come, I will sell the bitcoin that I bought during this unexpected bearish market. Those bitcoins are not for long-term holding, and the purpose of buying them was to realize a fear profit when the market turns around. I just wanted to be part of the people keeping the buying circle alive, even though my purchase was a small unit.
So taking profit will happen if I can see bitcoin back again in the range of $30,000+, as it will give me little profit added to the initial purpose I had when the price was at $26k+. It's only those who don't care about a shot and a few profits that will make any sales even if the price turns around today, as their main purpose is to accumulate as much as they can at every given opportunity, maybe until the market hits a new ATH. That's what could finally move them to sell off some of their holdings and record profits. [/quote
Realizing gains typically involves selling your investments when their value has increased.its all about selling your investments when their value has gone up. If a market happens to turn around today I'll definitely want to sell my Bitcoin,if I happen not to sell them it's simply because I believe in long -term investments.whereas m supposed to sell them when the market turns around so I can realize my gain.
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retreat
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August 23, 2023, 10:23:13 AM |
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When in today's market conditions which tend to be bearish, my strategy is to buy bitcoin again but with a small amount, and then keep holding it until the bull run later. Because it would be stupid enough to sell bitcoin in the current conditions, moreover my prediction is that we are closer to the bull run and holding is the best option to be able to secure profits in the bull run later.
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yazher
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August 23, 2023, 10:23:31 AM |
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We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.
In this kind of scenario, I don't really care about it because the first time I expected this thing to happen, and to be honest when this bearish trend will still be here, I don't have any problem with it because my investment in bitcoins won't really matter at this time because I have some other sources of income which I can rely on. I'm not gonna be like the others that put all of their money in it and some of them took loans in order just to invest in bitcoins, that is not a recommendable way because stress and anxiety will hunt you when a bearish market occurs and you won't have any peace of mind since you have nothing to rely on in terms of your financial needs.
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Dr.Bitcoin_Strange
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August 23, 2023, 10:27:51 AM |
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We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.
Trading Bitcoin for a short-term profit is not usually very profitable for everyone, and I don't usually invest in Bitcoin for the sake of a short-term profit. If there is a turnaround in the market, like you said, the price of Bitcoin cannot just boom to $100k this year, even within the range of two months from now, which means that my next sell target has not yet been reached. The only tempting price at which I would love to sell some fraction of my Bitcoin is around $100k and above, and until then, I wouldn't be selling any. If the market begins to recover, it might not suddenly surge to $50k, and if anyone sells by then, they might not also have the opportunity to buy at $25k again this year. I believe that if the market goes above this price, I might not come down to $25k again till the year runs out.
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Gladitorcomeback
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August 23, 2023, 10:35:48 AM |
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I love bear market for short term as it gives lot if opportunities to buy btc in low price. When market changes and i realized some sort of profit, I like to sell btc and and then again look for proper entry. I am not in the favor of buy btc and then just hold it for long term(more than five years). Btc price changes many time through out the year and I believe that i can make 10x more than those who just buy and holding it.
Suppose i buy btc at current price 26k$ and then wait for btc to reach 30k$ and then sell there. Btc will repeat this pattern many time before reaching 2x(52k). If i make 10% profit everytime with btc up and down then i will be in more profit then those whose just holding it. I will hold only 10% for long term without selling in any stage wheather its bear ir bull and rest will use for scalping.
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yudi09
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August 23, 2023, 10:53:35 AM |
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We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround?
It doesn't really affect the bearish market situation because bullish will also come. To get profits, investors usually invest by applying an annual pattern as has happened in the 4 year timeframe such as 2017 - 2021 - ...?. The calculation can also be seen from the timeframe from 2013 to 2017 and 2021. If you sell annually, the profit you get through price-recovery may be small. What proves to be the most formidable obstacle in executing this strategy?
The biggest obstacle as well as a challenge for holders in doing so may be patience.
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