Going against the grain.

[spectre71]

I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.

[Odohu]

I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.

Different people, different motives,  different target and indeed seeing differently. I don't know what your motivations for thinking about selling now are but the signs are there that  we are just starting a major bull run. Why then will someone sell when he should be buying more? Check recent cashflow into the market, you will see that we are just starting a major bull run.

The only factor that can possibly cause deep retracement is sell off that may feollow if  MtGox creditors are refunded their Bitcoin. Until then, we are still entering major bullish event that will send price higher, so now is not the best time to sell.

[Oshosondy]

That means you have not sold before and not happy that you sold your coins. This happens when you sell your coins and the market later favour more as the price of bitcoin continue to increase.

What some people are expecting as a holder is not to sell anytime there is small profit, but to wait until bitcoin get to all-time-high. Some people will even still wait until bitcoin get to $100000. While some people will still wait for a higher price.

[Gozie51]

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Most likely so that some hype might have caused some rally up that everyone is not aware of but that the coin suddenly starts going up. The market is about rise and fall, so during the rise at a time that the market is not yet ready then you can expect the fall back or called retracement but when it is the bull season you may not be expecting such retracement sooner.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.

Talking about btc and the present season, selling off profit is not the problem but to get the right time to buy back may be the problem. For example, the coin can drop $2,000 and within the night it will gain $3,500 and by such time you are already out and entering back is at higher price than you exited.

[bestcoins1]

I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.

What you say is a job that is very often done by traders in the short term, where they always hunt for profits in the short term only. Because if I look at the increase that is happening slowly at the moment, it doesn't look like there will be a too deep price correction except just a little bit and this is proven by the price of Bitcoin which is still staying at $48K after increasing in the last few days.

So those who can't wait and have seen the profits, of course it wouldn't be wrong for them to sell at this time, but I also can't confirm whether they will be able to buy again at a lower price like before. Because now the price increase looks stronger with market conditions continuing to improve more seriously.

[spectre71]

That means you have not sold before and not happy that you sold your coins. This happens when you sell your coins and the market later favour more as the price of bitcoin continue to increase.

What some people are expecting as a holder is not to sell anytime there is small profit, but to wait until bitcoin get to all-time-high. Some people will even still wait until bitcoin get to $100000. While some people will still wait for a higher price.

Huh? Don't know how you assumed those conclusions, are you trying to appear smart?  sell all the time and completely happy with taking profits. I am not saying sell "all" of the what I am saying is secure some proffits. Sell off some at 50, buy some back in at 40, wait if it goes to 38 or 42 in 3-4 weeks but the rest... Wash rinse repeat.

[NeuroticFish]

I think now is a good time to take some profits and set it aside.

Well, given the fact that halving is near (and not priced in yet) and ETFs came with quite an important buying pressure, plus the history of Bitcoin with a bull run/bubble after the halving... the numbers are suggesting that holding for some more months, maybe a year, may be a much better call.

However, everybody is entitled to an opinion and the truth is that there's no certainty in what will happen in the future.
Plus, day traders don't have the patience to HODL, even if this behavior has the potential to make them lose money (which some may and some may not recover).

[Lida93]

I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.

Is it actually the right time to take profit especially when you never did right from last year and now we are much closer to the next halving than we were after a long wait or is it impatient?

For a long term plan bitcoin hodler I suggest you just read, enjoy the message of the post and move on with your long term holding investment plans. Interestingly, this little leap in price is nothing compared to what's ahead. Endeavor to keep holding and take it huge and not in bit and pieces.

[salad daging]

No that's not my thought of taking profits now because it's too early we see the potential upside of BTC is much bigger than taking profits now, Yes I know you have different thoughts but for me now is still right to HODL until the halving arrives and wait a few months.

Talking like that is easy "sell when high and buy when below the price" this is not easy you will not be able to predict the price of bitcoin when it goes down the fact is now heading for a bull market some people say so then what we are doing now is still continuing to make purchases while long-term HODL.

[alankasman]

I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.

When the price increases to $48.5K, there will be a temptation to sell. In fact, for those who understand the four-year cycle, it won't be long before the hope of seeing Bitcoin reach a price above its current price is very close.
The temptation that comes is profit with thoughts that link the current profit from selling with a correction that will occur again if it fails to penetrate or stay at $48.5K.

Emotional pressure is at play in my opinion when faced with the current market situation.
Those who sell at prices like this, will gain too small profits and these profits will only be a short time later and will regret it if Bitcoin can penetrate the price of $50K.

[Upgrade00]

It's that time of the season again, where we gets lots of advice and questions about the direction the market is going.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

There are so many other facets to consider as a trader or investor. A long term investor would not try to take profits at every opportunity that presents itself, but a more consistent trader can. Also, some investors already have a price target which they have locked in on and do not plan to sell before then.

[ScamViruS]

Huh? Don't know how you assumed those conclusions, are you trying to appear smart?  sell all the time and completely happy with taking profits. I am not saying sell "all" of the what I am saying is secure some proffits. Sell off some at 50, buy some back in at 40, wait if it goes to 38 or 42 in 3-4 weeks but the rest... Wash rinse repeat.

Every investor has their own target, their view of the market is different. Traders do market analysis and they take trades according to their analysis so here is the difference between trader and investor. An investor will not sell their bitcoins until they reach their target even if the market crashes from this price point, because at the end of the day the bitcoin holders win. So yes I understand your point of view but it is for traders not for investors.

[Zaguru12]

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.

Different investors with different strategies, almost everyone has its own target to take profits from, some investors already took profits at $45k price, some could take at probably $50k. It all depends on you there is no definite time to take profit. Your suggestion might be kind of good for people that have shitcoins, a pump now could be the best they will ever see off it but as for bitcoin holders, long term is the key as we are speculating at least 3x ($150) from this current price when the bull run blows in full

It's that time of the season again, where we gets lots of advice and questions about the direction the market is going.

You might be reading a new thread soon from someone on why you shouldn’t be taking profits now 

[Stalker22]

~
When anything rises fast it comes back down almost every time.

I get what you are saying about selling when there is a lot of hype, but calling the tops and bottoms of the market is real tough.  Just look back over time at all the "pros" who bailed too early because they got scared and missed out on huge gains. Sure, taking profits makes sense when things get crazy, but good luck knowing when that is.  Half the time its just getting started. 
Me personally, I try not to worry so much about predicting every wiggle.

[GbitG]

I think now is a good time to take some profits and set it aside.

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

Even if it goes up some more you still secured a profit, get rid of the emotion. When it drops below your sell poing enough buy back in a bit at a time.

It depends on the personal investment and financial goals of an individual whether at what price they would want to take profit whether it's for a quarter of the holdings, a half, or even full. If you bought when the price of Bitcoin was almost around $18k, it wouldn't be a bad deal if you take some profit and keep holding the rest so that you can take more profit if the market goes higher and in case it drops back, you can always buy more and hold them again for a higher price point.
However, for those who have bought when the price went above $30k, I don't think they would be happy and content with the current price because it wouldn't give them much profit. But as I said, it would depend on an individual's personal investment goals and targets.

[adaseb]

With crypto going against the grain won’t always help you, especially since we are in a bull market. Remember the last 2 cycles. When bitcoin broke $1K there was tons of FOMO and if you sold then you would of missed selling at $20K.

Same with 2021 cycle when we broke $20K, we ended up rallying to $65K and later $69K. Obviously after we peaked, there was still FOMO and would of been good to go against the grain but you wouldn’t know that ahead of time.

[BenCodie]

I've been thinking the same thing for a variety of potential sell-events, including but not limited to mtgox creditors.

The risk of selling and not holding at this stage is missing out on opportunity, and the potential to buy back higher if you don't find a chance to re-enter. It happens commonly.

However, I do see your rationale to pick some up cheaper while saving any unrealized loss in the event a correction is near.

It will be an interesting few months. I'm also looking at a correction or retrace possibility, with some reason though not full certainty. We'll just have to wait and see what happens.

[AmoreJaz]

I've been thinking the same thing for a variety of potential sell-events, including but not limited to mtgox creditors.

The risk of selling and not holding at this stage is missing out on opportunity, and the potential to buy back higher if you don't find a chance to re-enter. It happens commonly.

However, I do see your rationale to pick some up cheaper while saving any unrealized loss in the event a correction is near.

It will be an interesting few months. I'm also looking at a correction or retrace possibility, with some reason though not full certainty. We'll just have to wait and see what happens.

the final decision comes to the fact that it depends entirely on your financial capability. yes, it is good to see others buying and collecting more but ask yourself -can you do the same? how is your financial status if in case you got it all wrong on this type of investment? always have contingencies with your choices, back-up plans that can save your day when all goes awry.

I think now is a good time to take some profits and set it aside.

Well, given the fact that halving is near (and not priced in yet) and ETFs came with quite an important buying pressure, plus the history of Bitcoin with a bull run/bubble after the halving... the numbers are suggesting that holding for some more months, maybe a year, may be a much better call.

However, everybody is entitled to an opinion and the truth is that there's no certainty in what will happen in the future.
Plus, day traders don't have the patience to HODL, even if this behavior has the potential to make them lose money (which some may and some may not recover).

in this market, it is up to you how you handle your finances. depending also on your targets and how well do you know this market. as everyone is just speculating, you are now left to evaluate your financial situation and act according to what you think is best for your financials.

[philipma1957]

That means you have not sold before and not happy that you sold your coins. This happens when you sell your coins and the market later favour more as the price of bitcoin continue to increase.

What some people are expecting as a holder is not to sell anytime there is small profit, but to wait until bitcoin get to all-time-high. Some people will even still wait until bitcoin get to $100000. While some people will still wait for a higher price.

well if you grabbed a coin at 16k and sell ⅓ of it today at 48k you have ⅔ of a coin at no cost.

you can hodl that til it goes to 100k a coin. sell half leaves you .33 btc

and 49,000 cash 💰

not the worse strategy.

may work better than hodl til it reaches 200k as it may not get there.

[hatshepsut93]

It's a given when all the internet bobble heads get excited is a good time to sell some. When anything rises fast it comes back down almost every time.

When there's a bull market, the price doesn't exactly fall to where it was before the jump, but somewhat higher than that, and this process repeats over and over so on average the price is rising. And it's actually quite hard to time all these ups and downs well to profit from every movement, so you shouldn't see just because there's a large vertical candle and there's a lot of hype. The best strategy is to make a few purchases during the bear market and a few sells during the bull market at certain key price levels.