Going against the grain.

[OgNasty]

Now is a horrible time to sell. We’re currently bumping up against a 2 year old resistance level. We’re about a 10% increase away from breaking out straight to new highs, which will kick off a wave of news reporting and send the price to $100K. It could happen very fast. Especially if mtgox can’t get their distribution done in the next few months…

[Yamifoud]

The price of Bitcoin is $48,100 and if we bought BTC at $39,000 and sold it now, we already make some money out of it. I know some people are doing this, selling 50% and securing the profit, and waiting for the correction for reinvestment. May not be a practice my most but this is actually what I'm doing. Taking the chance to earn some while waiting for the ATH is a smart decision. Doing this strategy is possibly more profitable than just holding for several months and selling them when ATH arrives. Just imagine if we could make $3-5 a month, that was a lump sum of money in 12 months.

[STT]

Go against the grain and you will get splinters.  Be careful of fighting large amounts of momentum possible in BTC, it can be surprising how high we go.   I say that as someone who had shorts on as a hedge for a long time, it worked till we swung up massively.   You have to be ready to let go in this trade and shorting is probably the harder of the trades vs just going long in an asset which has gained very often over years.     Bad timing to guess a pullback imo.
   The pattern to look for is higher high and higher lows, if thats true even during a pullback we are just setting up for the next push higher.   You will be fighting the tide and losing ground, of course you can trade within and gain, its harder to do but people will achieve profits negatively even while we gain with BTC in larger time frames.
  I would mostly guess this year 2024 is a positive year but I agree on the general idea too many people are hoping for higher not ready for the negatives surely must be true also in a volatile asset like BTC.

[bestcoins1]

The price of Bitcoin is $48,100 and if we bought BTC at $39,000 and sold it now, we already make some money out of it. I know some people are doing this, selling 50% and securing the profit, and waiting for the correction for reinvestment. May not be a practice my most but this is actually what I'm doing. Taking the chance to earn some while waiting for the ATH is a smart decision. Doing this strategy is possibly more profitable than just holding for several months and selling them when ATH arrives. Just imagine if we could make $3-5 a month, that was a lump sum of money in 12 months.

Each person has a special strategy for taking profits and making decisions during conditions like now, although some people may still think it is too early to sell in conditions of increasing prices like today. Because I just saw that the price of Bitcoin has almost touched $49K which could possibly reach around $50K this month if the correction percentage is still quite small and the rate of increase is still much more each day as is happening now.

Just now I was surprised to see the price increase even though that is a very normal thing because yesterday the price of Bitcoin itself was still around $48K, but today it is quite possible for many people to expect it to reach $49K or $50K this month. Because when Bitcoin is close enough to this range, it is certainly reasonable to expect more than it is now.

[FinneysTrueVision]

Unless you bought Bitcoin really cheaply, now doesn't seem like the best time to be selling. The halving is only 2 months away. If you don't need the money urgently then I would just wait and see how the price performs after this reduction. A large correction is to be expected at some point but currently things look very bullish for Bitcoin. ETF demand is helping drive the current pump and we are just at the beginning of the post-approval era. Based purely on precedent it is expected that Bitcoin will reach a new all time high soon after the halving.

[spectre71]

Unless you bought Bitcoin really cheaply, now doesn't seem like the best time to be selling. The halving is only 2 months away. If you don't need the money urgently then I would just wait and see how the price performs after this reduction. A large correction is to be expected at some point but currently things look very bullish for Bitcoin. ETF demand is helping drive the current pump and we are just at the beginning of the post-approval era. Based purely on precedent it is expected that Bitcoin will reach a new all time high soon after the halving.

Hi, yeah I don't need the money. Just sell SOME and secure a profit leaving more than my original input in place. I won't even stop my DCA inputs. This is not a prediction or lack of confidence.

Halving is a few months that and any ATH is 6 months ish after that, that's a long time.

I am pro ETF but just sampling a few at this point it's only a few billion AUM thus far what maybe 1 or 2% of bitcoins total market cap. But it's coming.

Wrong time of year to talk about tax harvesting opportunities. 

[mamesso]

Everyone has their own strategy for taking profits, you choose to put yourself in a trader's position, which is very good for securing profits in the short term. When the market is surging, long-term investing is more profitable than selling just to secure a small profit. It takes a long time to wait for the price to fall again as you would like if the market is in an upward position. Hold is better than selling just to take a little profit, you will get bigger profits if you are able to be patient a little longer.

[GreenStox]

I think now it's accumulation, so when you buy and you've made a profit, leave it alone and don't sell it yet, wait until the maximum increase next year, yes I understand some people may want to immediately TP after making a profit, but if you are patient you will get more.

[nimogsm]

Everyone has their own strategy for taking profits, you choose to put yourself in a trader's position, which is very good for securing profits in the short term. When the market is surging, long-term investing is more profitable than selling just to secure a small profit. It takes a long time to wait for the price to fall again as you would like if the market is in an upward position. Hold is better than selling just to take a little profit, you will get bigger profits if you are able to be patient a little longer.

And this is true. Everyone, of course, can do what is more convenient for him, but I don’t see now a reason to sell even part of it, since I simply don’t see any point in this, everything is very interesting only in the future, at least the halving will have its effect, so hurry up definitely not where to go, but the most profitable situation is to continue strengthening your portfolio and wait for stronger growth.

[traderethereum]

Unless you bought Bitcoin really cheaply, now doesn't seem like the best time to be selling. The halving is only 2 months away. If you don't need the money urgently then I would just wait and see how the price performs after this reduction. A large correction is to be expected at some point but currently things look very bullish for Bitcoin. ETF demand is helping drive the current pump and we are just at the beginning of the post-approval era. Based purely on precedent it is expected that Bitcoin will reach a new all time high soon after the halving.

Hi, yeah I don't need the money. Just sell SOME and secure a profit leaving more than my original input in place. I won't even stop my DCA inputs. This is not a prediction or lack of confidence.

Halving is a few months that and any ATH is 6 months ish after that, that's a long time.

I am pro ETF but just sampling a few at this point it's only a few billion AUM thus far what maybe 1 or 2% of bitcoins total market cap. But it's coming.

Wrong time of year to talk about tax harvesting opportunities. 

You can continue to hold your bitcoin while waiting for the latest ATH of bitcoin. And while you wait, you can still buy more bitcoin by taking advantage of the decline in bitcoin.
That will benefit you because you can increase the number of bitcoins you have. And if the bitcoin price increases very high and makes a new ATH, you can get big profits.
The halving is only a few months away but we don't know when bitcoin will get its new ATH. Maybe 6 months later or even 1-2 years later. Of course, from now on, we have prepared ourselves to be able to own more bitcoins.

[Sorryfor]

Bitcoin's current market value is $47,000. A few days ago, its price was slightly lower. Selling Bitcoin at this time is one of the worst decisions.  The value of Bitcoin is likely to increase significantly within this year. Those who have invested in Bitcoin at this time should hold on to it. In the future, you can earn a lot of profit by doing this. Bitcoin can be sold after ATH is reached. Through this, your profit making may be successful. But Bitcoin should be held for big gains.

[adultcrypto]

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.

You made this post yesterday when Bitcoin was around $47,800, assuming you sold then only to wake up today and realized that bitcoin have reached   $49,800 which an additional $2,000 increase in price, how will you feel? I know you will feel bad considering how much you would have missed within a short interval of time. You will even feel worse when you don't have any need for the money now and would have preferred to leave the money in Bitcoin but the sight of small profit has made you to cut your investment short. This is the problem with selling when not planned and I do not support it.

We are just at a point where there are so many interest in Bitcoin, so it is natural to expect steady rise in price. selling should be the last thing at anyone's mind especially when you have been holding for a long time.

[Stalker22]

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

Well, let us hope no one was stupid enough to take that advice of yours. Have you ever heard of "Inverse Cramer"? 

[jaberwock]

You can continue to hold your bitcoin while waiting for the latest ATH of bitcoin. And while you wait, you can still buy more bitcoin by taking advantage of the decline in bitcoin.
That will benefit you because you can increase the number of bitcoins you have. And if the bitcoin price increases very high and makes a new ATH, you can get big profits.
The halving is only a few months away but we don't know when bitcoin will get its new ATH. Maybe 6 months later or even 1-2 years later. Of course, from now on, we have prepared ourselves to be able to own more bitcoins.

This is exactly what people should do, that way they would be able to increase their bitcoin holding and the result will only be better, that is just how it is and should be pointed out as much as possible.

I get that it is not going to be all that easy, but we are going to end up with causing a lot of trouble when it comes to that. Life is not all that simple, and we should probably require some sort of periods when it is going to be more capital in your pocket, and during those times the best thing to do would be just making sure that you end up investing into bitcoin with that money. Some people focus on some worse investments just to diversify but it is better to risk it all on bitcoin then invest into something stupid.

[justdimin]

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

That's your decision to take, any individual who has invested in the market knows what their initial target has been and what they have always wanted to achieve with their investment, and based on that, they can decide whether they need to take profit at the current price or wait for it to go up further. Even if it goes down from this point, we should be expecting a higher price because we are still anticipating the long-awaited bull run.

Different people will have different thoughts about this thing I would say. Some might think that they should take profit and buy again if the market goes down again, and some might think that the market wouldn't go down anymore and they might miss on higher profits if they sell now.

[GeorgeJohn]

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.

anyone that invested when the market was low come at least withdraw some profit or withdraw it capital and they make use of the profit as reinvestment so what makes some people to lose what whatever then they have is greediness so this is opportunity to see your capital and the also use your profit for the investment, we should not be greedy it is a greediness that makes some of us today to lose both capital and profit because the price of Bitcoin right now is appreciable and is unpredictable nobody knows what will happen in the next day for the Bitcoin price regulation because it may Fall tomorrow or it may rise more tomorrow

[$weetne$$]

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..

At $50,000 will be a good time to do this as many investors are thinking Bitcoin will continue rising until it crosses the all time high. You would have made a nice profit if you sell at $50,000 and you bought below $30,000. Bitcoin is going to drop below $50,000 again before the halving. If you're a long term Investor there won't be a need selling because you're investing for the long term therefore all the short term price movements shouldn't be bothering you. Bitcoin could still fall below $45,000, it has already fell below $50,000. Bitcoin has been rising for the past three weeks and a correction might be what will be happening next in the market. If everyone is being bullish, you have to go the opposite direction when we're not in a bullish market.

[Natalim]

It depends on your target price but some investors especially newcomers, will take this chance to sell. But I don't see it wrong, as long as you have made some profit already, it was not a losing decision even after selling the price of Bitcoin will pump more because I was certain that correction would come and that's the time we reinvest. Of course, for old-timers their faith and trust are different from newcomers as they will still hold and wait for the next ATH.

[Zanab247]

It depends on your target price but some investors especially newcomers, will take this chance to sell. But I don't see it wrong, as long as you have made some profit already, it was not a losing decision even after selling the price of Bitcoin will pump more because I was certain that correction would come and that's the time we reinvest. Of course, for old-timers their faith and trust are different from newcomers as they will still hold and wait for the next ATH.

Selling your BTC in this new bull run will cause you not to make plenty profits from your long hodling because, I know that there will surely be massive bull run that will break out soon that will make BTC price to reach $70k to break into new price investors have never experience before since they join BTC investment.

If the newcomer can follow what old investors are doing in this new bull market not to sell than to continue hodling their BTC because, they know that there will be a bright future ahead of those that will make it at the end.

[kentrolla]

The price of Bitcoin is $48,100 and if we bought BTC at $39,000 and sold it now, we already make some money out of it. I know some people are doing this, selling 50% and securing the profit, and waiting for the correction for reinvestment. May not be a practice my most but this is actually what I'm doing. Taking the chance to earn some while waiting for the ATH is a smart decision. Doing this strategy is possibly more profitable than just holding for several months and selling them when ATH arrives. Just imagine if we could make $3-5 a month, that was a lump sum of money in 12 months.

Yes, that's something every smart investor or trader would apt for. Especially those who knows the market in and out because we are all aware there would be a correction period after every pump where we can reinvest. I have adopted similar thing wherein I have been doing DCA on one hand and now I have allocated a separate fund for these quick trades wherein I sell when the market dumps by more than 3% after good pump and similarly when it dips I buy back and will continue to do this till the bull run starts.