How do you go about realizing gains? If you opt not to, what is your reason?

[JoyMarsha]

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.

It's from experience someone would know how to follow the market. The scenario you describe here is sometimes the experience I once had with my bitcoin investment. There is no need to elaborate on how it all came about as you just mentioned how the typical scenario is "you sell and later buy at a high price." believing that if you invest at that moment, bitcoin will bring you greater profits.

The best approach in all of this is to hodl your bitcoin until you feel like converting it to USDT because selling and buying again at a specific time may cause you to lose a fantastic opportunity to align with it as the price of bitcoin is rising.

[lalabotax]

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.

Actually, if we trade, we can get gains even in bearish or bullish seasons. But indeed, maybe in the past, especially with current market conditions, the challenges will be greater with higher risks.

But I personally don't trade, even if I do buy and sell, maybe it's only short term for certain coins and not regular. Here, I prefer to do DCA preparation for the bullish period later, even if little by little. Holding for investment, especially in Bitcoin, in my opinion, will be profitable, moreover, it is safer than altcoins.

[Darker45]

~snip~

It's from experience someone would know how to follow the market. The scenario you describe here is sometimes the experience I once had with my bitcoin investment. There is no need to elaborate on how it all came about as you just mentioned how the typical scenario is "you sell and later buy at a high price." believing that if you invest at that moment, bitcoin will bring you greater profits.

The best approach in all of this is to hodl your bitcoin until you feel like converting it to USDT because selling and buying again at a specific time may cause you to lose a fantastic opportunity to align with it as the price of bitcoin is rising.

There's nobody who can follow the market with significant accuracy.

I learned to be careful with this "realizing gains" thing. Most often, it's a trap. If you want to make some conversions because you need to build a house, buy a car, pay your or your brother/sister's tuition, start a business, pay for your old grandma's hospital bills, and so on and so forth, it's perfectly all right. But if you convert just for the sake of "realizing gains," you're entering the realm of trading and you might be trapped.

[Sarah Azhari]

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.

Some people just don't care about what is happening in the market now because they have targets when to sell and buy. If I were you, I would look at the 4-year phase before because it's the same situation. You don't need to scrape the people's experience because you will get the same answer. Actually, the market situation is simple, If you are reckless and impatient then you will be swept away and panicked, But if you calm down, and don't care about the price, then, you will be a winner in the end.

[LogitechMouse]

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.

Setting a target is a very vital thing when it comes to securing profits, and I hope this is the one that most of the investors will learn in their journey.

How to I intend to secure my profits? I already set up a target selling price ever since the start of the bear market. My initial selling price is around the previous ATH I think, then the next one will be at around the $85,000, and then most will be sold at $100,000, but I will be keeping some of my portfolio if I think that the market will go up even more.

What proves to be the most formidable obstacle in executing this strategy? Yourself. You because you aren't following your initial plan. As an investor, having a buying plan, and a selling plan is a must or else you might end up losing the opportunity to either buy or sell. If you have a target price on either buying or selling, whatever happens, do it. The problem is when the target has been hit, they will think "Ohhh it will go even lower, so I will wait a little bit to maximize my profits", or "Ohhh it will go up even higher, so I will wait a little bit."

I already shared my strategy. Set up a selling price, and stick to it whatever happens.

[Bazzu]

there are those who invest in btc for the long term and there are those who invest in btc for the short term or it can also be called short term trading. In my opinion, in short-term BTC trading, you have to be able to analyze it, because if you can't analyze it, you have the potential to lose, in my opinion
trading on btc must use the dca system because the dca system will make it easier for us to set strategies. and we don't be fomo (fear of missing the price) when there is an increase, so we only buy when the BTC price goes down

[michellee]

During this bearish market, many people are still waiting for the price to increase again and each of them has the highest price target they want to achieve. Profits are bound to come after this bearish market phase and it is time to accumulate instead of sell for investors. But traders still buy low and sell high and do it as often as possible.

You have to set your own target because everyone has their own target. If you want to become a long-term investor, you don't need to worry about current market conditions, but you have to look for loopholes to keep buying so that the number of your coins increases. The obstacle to implementing this strategy is that you can only sometimes get the lowest price but that's okay because the current price is still low.

I'm still holding back my profits because I'm still waiting for a reversal towards the last ATH. Then, I will determine when I will buy. At least, I want to sell at over $80k because the next ATH could be over $80k.

[pinggoki]

For me who has stopped trading a long time ago, this bearish market is an opportunity for me to convert my USDT and BUSD to bitcoin, it's not everyday that the price of bitcoin goes down to this level so definitely an opportunity worth grabbing and I think everyone should do that too because we all know that bitcoin's going to go back up and you don't want miss another profitable moment because you were hesitant to buy during this time.

[fauzan Ichsan]

during the bearish season like today to make a profit maybe we can do it by trading, where there are no season restrictions, but it is also risky, and more risky than we invest. or if we don't hold it until the bullish season comes, in the cryptocurrency market, of course, the main thing is that we have to be able to take advantage of the season that is happening, during the bullish season, the best thing to do is let it go, it's different with trading where there will be opportunities at any time, according to our analysis

[SOKO-DEKE]

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.

If the market turns around and the price of Bitcoin moves a little bit higher, like to $30k or $35k from its current price of $26k, I will not sell off my Bitcoin investment because I have a profit target for it, so I promise myself that if I don't realize my target, I will not just sell my bitcoin to make some profits with the aim of re-entering the market because I am not good at timing markets, like to be low because I am hardly satisfied with the low price of Bitcoin, and doing that may lead me to miss the opportunity. So my plan is to always wait for the bull run period so that I can experience a great move in the bitcoin price.

[blockman]

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.

There are only a few methods where people will convert their profits from Bitcoin. It's either going back to fiat or into different altcoins.
I think everyone plans to do that and buy all the things that we wanna have like a car or a house or anything that we have been thinking of for the profit that we'll get from the potential profit we'll get when the bull run comes.

Newbies in this platform like me could gain insight from your past experiences.

When you think that profit is sufficient. Do not hesitate to take it and just come back again to the market when the dip has come. That's the time you'll just need to take advantage of the situation and don't always lose your profit from spending in everything so you can buy back.

[aylabadia05]

How do you intend to secure profits once the market undergoes a turnaround?

Profits that will be obtained on bitcoin by waiting for returns when prices increase. It's how I make a profit.

The bearish market is currently in progress and don't get too bothered because before the bearish comes and is still going on, bullish has already occurred and the bullish market has the opportunity to return after this phase ends.
Bearish and bullish are two phases that are always connected in a crypto market situation which is known to be full of volatility.
If you are afraid of market volatility, bitcoin and crypto are not a good place for you and them.

[Vaculin]

The only way to secure your profits is to start selling at any given profitable price. You don’t have to sell everything if you want and just leave the other half of your coins for future profits. After that, consider DCA again once you see the price dropping again. This way, you will never miss selling your coins for profits, as well as buying back again when there opportunities to buy. If you stick to that, at least you are following the basic rule in crypto.

[riantolie]

I'm not selling my Bitcoin because I know it will be a lot more expensive in the future. At least $100k in the upcoming years. So wasting Bitcoin now or even at $30-40k feels like a wasted potential.

[NotATether]

The only way to secure your profits is to start selling at any given profitable price. You don’t have to sell everything if you want and just leave the other half of your coins for future profits. After that, consider DCA again once you see the price dropping again. This way, you will never miss selling your coins for profits, as well as buying back again when there opportunities to buy. If you stick to that, at least you are following the basic rule in crypto.

Reverse DCA is useful if you want to sell some sats for a profit. Especially if you have like a couple of Bitcoins (at least 1btc), but not if you have a small balance because it makes no sense to do that.

For me who has stopped trading a long time ago, this bearish market is an opportunity for me to convert my USDT and BUSD to bitcoin, it's not everyday that the price of bitcoin goes down to this level so definitely an opportunity worth grabbing and I think everyone should do that too because we all know that bitcoin's going to go back up and you don't want miss another profitable moment because you were hesitant to buy during this time.

Side note: Why are you holding two different types of stablecoin? Isn't that a bit unnecessary, considering they are (almost) all priced at the same?

[gunhell16]

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 my insight, if you know that you don't have enough ideas here, it's better to study first and don't rush to buy cryptocurrency right away. Now, if you can't stop yourself from buying, all you have to do is start with small capital first while you are still learning it. Because maybe later on when you can easily make money here, that will be an obstacle for that to happen.

Especially in the current situation where we are still in a downtrend, the market is still very unpredictable right now, but I can't deny that this is a good opportunity for us to buy top cryptos that are currently undervalued in the market such as Bnb, Matic, Eth, and of course Bitcoin won't lose that. It's not a problem if I didn't change the cryptos I bought to fiat as long as you just hold them and don't sell them, that's it.

[mv1986]

Setting a target is a very vital thing when it comes to securing profits, and I hope this is the one that most of the investors will learn in their journey.

How to I intend to secure my profits? I already set up a target selling price ever since the start of the bear market. My initial selling price is around the previous ATH I think, then the next one will be at around the $85,000, and then most will be sold at $100,000, but I will be keeping some of my portfolio if I think that the market will go up even more.

What proves to be the most formidable obstacle in executing this strategy? Yourself. You because you aren't following your initial plan. As an investor, having a buying plan, and a selling plan is a must or else you might end up losing the opportunity to either buy or sell. If you have a target price on either buying or selling, whatever happens, do it. The problem is when the target has been hit, they will think "Ohhh it will go even lower, so I will wait a little bit to maximize my profits", or "Ohhh it will go up even higher, so I will wait a little bit."

I already shared my strategy. Set up a selling price, and stick to it whatever happens.

As much as I would agree that setting targets is one part of a solid strategy also of buy and hold because holding forever might indeed not be the best approach unless you can literally buy valuable assets with Bitcoin, which in a sense is also selling Bitcoin.

If the goal is to not convert back into fiat, the only choice I guess is to go with a stable coin, but that carries its own set of risks. Discontinuation of the said coin and a bank run afterwards, bankruptcy of the business offering the stable coin, algorithmic failure in case of algorithmic stable coins, there are probably even more. Most of the time I assume you would also trigger taxation when using stable coins unless you go with risky stable coins. If a company is well regulated and transparent about how they have backed their stable coins, it is also more likely that your transactions don't go unnoticed.

One thing I would never do is to sell almost all of my portfolio at a target price that is just over the former ATH. I see way too much potential for Bitcoin to grow for a very long time.

I already shared my strategy. Set up a selling price, and stick to it whatever happens.

I understand why you closed your post with that sentence, but really is it right to ignore whatever happens left and right and sell regardless? If you feel and see that the hype is real and backed with reasons that make sense rationally, why wouldn't you adjust your target price then? If some things feel different and maybe the regulatory environment makes a massive turn in favor of Bitcoin specifically, I would definitely adjust my former considerations.

[LogitechMouse]

I already shared my strategy. Set up a selling price, and stick to it whatever happens.

I understand why you closed your post with that sentence, but really is it right to ignore whatever happens left and right and sell regardless? If you feel and see that the hype is real and backed with reasons that make sense rationally, why wouldn't you adjust your target price then? If some things feel different and maybe the regulatory environment makes a massive turn in favor of Bitcoin specifically, I would definitely adjust my former considerations.

Of course not.

After all, it will depend on the current situation, and I guess since I know how to read charts a little bit, I will also make some adjustments like you said. I said that I will stick to it because I always want to be safe including my profits, and I mean I wanted to make sure that I will take profits this time unlike on the last bull run where I just watched the markets going down where in fact, I'm a few clicking of buttons away from taking it.

Will I adjust my target price? Yes I will, but it will depend on some factors, and circumstances.

[Hanadawa]

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 current situation is unpredictable. Maybe some past experience will help but the market moves unpredictably. Day by day the challenges we face are getting bigger and the risks are also getting higher.

I am not a day trader. And I don't understand what a stick candle is. But what I know from my experience in crypto is that it is better to make crypto a long term asset. Sell when the price is high and hold when the price is low. It's that simple. I've never been worried about the season in crypto whether it's a bearish or bullish season.

If you ask my biggest obstacle then it's just about timing. Sometimes you have to wait quite a long time in an uncertain situation when the asset you are holding has a high selling price.

But it's okay with a little patience. My experience has taught me that being a long term trader is better than looking at and reading those stick candles.

[Nrcewker]

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.

I have seen many people not opting for small time gains. They are interested for big profits in a single amount of time. For them bear market is like heaven. They buy the high valued coins in this time in cheap and hold it for long time. They know the true value of the coins. Hence buy in the bear market and hold. They do estimations and speculations and sell only at the peak time in order to yield the maximum profit. This is the only good and working strategy followed by smart people.