BTC profit taking strategies?

[BrotherMencius]

Hey guys,

My wife and I have been investing in BTC since around the last ATH, so this coming halving is the first one we've experienced. As a result, we need to figure out a profit-taking strategy. I was hoping to get some input from the community here.

We currently have around 1.5 BTC, and our ultimate goal is to be able to use that to help us buy a house and be able to retire at some point. Nothing too crazy. I'm hoping this bull cycle we'll be able to at least get a decent down-payment on something, then maybe over the next cycle or two be able to pay it off.

Anyways, the strategy I'm considering is something like, when BTC crosses $100K CAD, (it's currently at $83K CAD) I plan on selling 0.01 BTC per week. Kind of like DCA but in reverse. Then possibly increasing that amount alongside BTC value, so if it crosses $125K, sell 0.0125 BTC per week, 0.015 per week at $150K, etc.

Since it's impossible to predict exactly what will happen to BTC price over the coming bull market, I'm hoping to get a decent return over the course of the cycle without completely selling all of our BTC. Then when it inevitably flips bearish again, start DCAing back in like we have been up to this point.

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

Thanks  :-)

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[Easteregg69]

Put the BTC to rest. Besides the inscriptions. I think about setting a CMS up on my own site. Content management system. Cheers! "I am so 2000 and 8 and your so 2000 and late!".

The profit taking is lined up like dominoes.

Is there anything else I need to consider?

You save money when you don't spend it on BTC. One-liner.

Soon 7 an I can put on a song. Neighbors.

[BlackBoss_]

We currently have around 1.5 BTC

Anyways, the strategy I'm considering is something like, when BTC crosses $100K CAD, (it's currently at $83K CAD) I plan on selling 0.01 BTC per week. Kind of like DCA but in reverse. Then possibly increasing that amount alongside BTC value, so if it crosses $125K, sell 0.0125 BTC per week, 0.015 per week at $150K, etc.

From $83k CAD to $100k CAD, it is about 20% more increase. It looks good to take profit but I believe it is too soon because we are still 2 months until April halving. Bitcoin can make its all time high that is higher than 2021 all time high and I believe it won't stop 20% from today price.

You have 1.5 BTC and want to DCA take profit with 0.1 BTC each time. Do you think it is too small part of your portfolio to take profit, even DCA.

I would like to do DCA take profit with 0.1 BTC but my start price will be like 40% from today price, not only 20%. I will take profit with DCA like 0.1 - 0.1 - 0.1 - 0.2 - 0.3 - 0.3 - 0.3 and 0.4 BTC. Because when Bitcoin moves nearer to its new all time high, I will increase the amount for taking profit.

[Easteregg69]

We currently have around 1.5 BTC

Anyways, the strategy I'm considering is something like, when BTC crosses $100K CAD, (it's currently at $83K CAD) I plan on selling 0.01 BTC per week. Kind of like DCA but in reverse. Then possibly increasing that amount alongside BTC value, so if it crosses $125K, sell 0.0125 BTC per week, 0.015 per week at $150K, etc.

From $83k CAD to $100k CAD, it is about 20% more increase. It looks good to take profit but I believe it is too soon because we are still 2 months until April halving. Bitcoin can make its all time high that is higher than 2021 all time high and I believe it won't stop 20% from today price.

You have 1.5 BTC and want to DCA take profit with 0.1 BTC each time. Do you think it is too small part of your portfolio to take profit, even DCA.

I would like to do DCA take profit with 0.1 BTC but my start price will be like 40% from today price, not only 20%. I will take profit with DCA like 0.1 - 0.1 - 0.1 - 0.2 - 0.3 - 0.3 - 0.3 and 0.4 BTC. Because when Bitcoin moves nearer to its new all time high, I will increase the amount for taking profit.

Being self-less will make you rich faster.

Did I just put that mans word in the database for the second time? Know things!

Dude you need screenshot of everything for regulatory. Prints. Whatever. And do me a favor. Don't vote against a sitting President.

[adaseb]

Here is the issue with your strategy. Say bitcoin does go to $100K CAD and then $110K and then $125K and then it tops and starts to enter bear market cycle.

You will only sell maybe 4-5 branches of 0.01BTC but if we end up topping and entering the bear market then you will be selling at a lower and lower price every week. Just look at the previous cycles.

My advice. Pick a price and just stick with it. If it hits $125K CAD and you are satisfied then just take profit there and be happy.

Trust me I’m in my 3rd bitcoin cycle.

[Pi-network314159]

Hey guys,

My wife and I have been investing in BTC since around the last ATH, so this coming halving is the first one we've experienced. As a result, we need to figure out a profit-taking strategy. I was hoping to get some input from the community here.

We currently have around 1.5 BTC, and our ultimate goal is to be able to use that to help us buy a house and be able to retire at some point. Nothing too crazy. I'm hoping this bull cycle we'll be able to at least get a decent down-payment on something, then maybe over the next cycle or two be able to pay it off.

I would sudjest you HODl 0.5btc and sell 1 btc which you and your wife can buy a house and invest in a regular income generation investment, which you will be aiming small small money so that you won't think of selling your holdings. This reason has made many people sold their investment when they where not even matured. You guys should try not to sell all. A time will come when you will regret selling it at this price now.  Just as early adopters did and regretted later. To HODl $1.5btc is not an easy thing which you should know that many people might spent 15 to 20 year to be able accumulate such value keep HODling a little it is to early to see off. Like I said sell some and reserve some in your wallet, btc will set another ATH.

[boyptc]

Yeah, very reasonable and normal.

Just do it like what you are planning and all you have to do is to timing the moments you're about to sell. Not every week that you might planned to sell will be good to you so just expect the unexpected.

It's a cycle for this market and you're having a good plan. Good luck to both of you as it seemed that you're planned well.

[Despairo]

The average housing price in Canada is $659,395 [1], selling Bitcoin using DCA strategy when you don't have enough coins to buy house, is not a wise decision for me.

I suggest you're need to wait until the price surge really high, let's say you think $150K CAD is big, you can sell some portion and hold the rest. People are expecting the highest Bitcoin price in this year halving event will happen in the next year, so you can sell some at the top.

[1] https://wowa.ca/reports/canada-housing-market

[Taskford]

We currently have around 1.5 BTC, and our ultimate goal is to be able to use that to help us buy a house and be able to retire at some point. Nothing too crazy. I'm hoping this bull cycle we'll be able to at least get a decent down-payment on something, then maybe over the next cycle or two be able to pay it off.

Anyways, the strategy I'm considering is something like, when BTC crosses $100K CAD, (it's currently at $83K CAD) I plan on selling 0.01 BTC per week. Kind of like DCA but in reverse. Then possibly increasing that amount alongside BTC value, so if it crosses $125K, sell 0.0125 BTC per week, 0.015 per week at $150K, etc.

Since it's impossible to predict exactly what will happen to BTC price over the coming bull market, I'm hoping to get a decent return over the course of the cycle without completely selling all of our BTC. Then when it inevitably flips bearish again, start DCAing back in like we have been up to this point.

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

Thanks  :-)

Yeah its reasonable and somehow you can test out the current cycle then maybe you can learn something so in next cycle you can use your current experience to maximize your potential profit in future. Also whatever makes you feel comfortable to sell as long as you are bullish or earning a great profit then everything is fine. Just don't regret on any position you sell and think about you are already gain your desired profit since if you ask for more and be greedy then you might face the consequences of the action that you don't want to be in.

Its great that season is in favor to holders or investors so lets take advantage and take home a good profit brought up by current good happening on the market.

[9TONNN]

Hey guys,

My wife and I have been investing in BTC since around the last ATH, so this coming halving is the first one we've experienced. As a result, we need to figure out a profit-taking strategy. I was hoping to get some input from the community here.

We currently have around 1.5 BTC, and our ultimate goal is to be able to use that to help us buy a house and be able to retire at some point. Nothing too crazy. I'm hoping this bull cycle we'll be able to at least get a decent down-payment on something, then maybe over the next cycle or two be able to pay it off.

Anyways, the strategy I'm considering is something like, when BTC crosses $100K CAD, (it's currently at $83K CAD) I plan on selling 0.01 BTC per week. Kind of like DCA but in reverse. Then possibly increasing that amount alongside BTC value, so if it crosses $125K, sell 0.0125 BTC per week, 0.015 per week at $150K, etc.

Since it's impossible to predict exactly what will happen to BTC price over the coming bull market, I'm hoping to get a decent return over the course of the cycle without completely selling all of our BTC. Then when it inevitably flips bearish again, start DCAing back in like we have been up to this point.

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

Thanks  :-)

Selling BTC to buy a house looks like loser's strategy to me honestly speaking. Why would you sell a non-sovereign appreciating reserve asset to buy a geographically limiting semi-sovereign asset that's subject to all types of counterparty and systemic risks?

[Marvell1]

Your plan isn't too bad, I don't want to disappoint you but do you have a backup plan? I mean, if we don't have bull season or bull season happens later than you expected, what will you do then? Everyone is looking forward to the halving and the subsequent price increase, but if history does not repeat itself, things will not go as planned. I'm not spreading Fuds or negativity but I think we should not be too subjective and need a backup plan.

Also, don't just focus on bitcoin investment and think that it will bring financial freedom, we need other sources of income and should not be dependent on one thing, especially a volatile asset as high as bitcoin.

[BlackBoss_]

Here is the issue with your strategy. Say bitcoin does go to $100K CAD and then $110K and then $125K and then it tops and starts to enter bear market cycle.

You will only sell maybe 4-5 branches of 0.01BTC but if we end up topping and entering the bear market then you will be selling at a lower and lower price every week. Just look at the previous cycles.

My advice. Pick a price and just stick with it. If it hits $125K CAD and you are satisfied then just take profit there and be happy.

Trust me I’m in my 3rd bitcoin cycle.

I understand you and your advice is good.

To take profit, investors must identify two main things: target price and time to exit the market.

Target price is easy to set by any investor and Bitcoin can hit it or don't hit it in this cycle so the second thing is important. When will be a maximum time you wait to take profit and when will be the time you will exit the market no matter what price Bitcoin is at that time?

If Bitcoin does not hit $100,000 but time is counting down to late of 2024 and Q2 of 2025, I will exit the market. I don't wait more than Q2 2025 to exit because it will be time for the bear to appear.

[BrotherMencius]

Here is the issue with your strategy. Say bitcoin does go to $100K CAD and then $110K and then $125K and then it tops and starts to enter bear market cycle.

You will only sell maybe 4-5 branches of 0.01BTC but if we end up topping and entering the bear market then you will be selling at a lower and lower price every week. Just look at the previous cycles.

My advice. Pick a price and just stick with it. If it hits $125K CAD and you are satisfied then just take profit there and be happy.

Trust me I’m in my 3rd bitcoin cycle.

What you're saying makes sense. My concern with picking a specific value and selling there is based on the experience I had when I first entered the market; I spent way too much when the price was still high. Had I been more patient and DCAd early on, I would've been able to buy more for less.

The way I see it, if it does top out at $125K and I've only sold maybe 0.1 or 0.2 in that cycle, it just means I'll hold more for later. Conversely, if it tops out at $200K+ or even higher, I can ride it out for longer. I'd be kicking myself if I sell most of my BTC at $125K and then the price surges to 2x that or more.

[BrotherMencius]

The average housing price in Canada is $659,395 [1], selling Bitcoin using DCA strategy when you don't have enough coins to buy house, is not a wise decision for me.

I suggest you're need to wait until the price surge really high, let's say you think $150K CAD is big, you can sell some portion and hold the rest. People are expecting the highest Bitcoin price in this year halving event will happen in the next year, so you can sell some at the top.

[1] https://wowa.ca/reports/canada-housing-market

Yeah, I don't expect to be able to buy a house outright just from this cycle, but I feel confident I'd be able to accumulate enough for a solid down-payment.

I'm not too concerned about the average house price. That price factors in crazy expensive places like Toronto and Vancouver, which I have no intention of living near, and I don't need anything big. I'd be happy with a small bungalow out in the boonies with a vegetable garden. I'm not greedy.

[franky1]

in short if you are selling just to hoard cash for deposit next year.. your doing it too early, too soon, losing out on the ATH opportunity

however if you are selling to have SOME cash now(not selling all), to hedge, and then take oportunity in a fewmonths to buy backin this year if this months hype corrects down this year..
to then sell again in next years ATH season. then a clever strategy..
as long as you are selling at a profit from last purchase price and buying back in at a lower price than last sell price

but overall, yes do not sell everything this year..(your strategy anyway) but if you do cash out some also take the opportunity to buy back in before ATH next year.. IF this month is just hype month that corrects down.. before then entering the hype season ATH next year
...

two things to think about..
a. hoarding in cash form for a year(slowly accumulating cash before downpayment next year)

take note of last cycles

2013 ATH peak $1.2kUS did not afterward correct down to previous 2011ATH peak of $30US
2017 ATH peak $20kUS did not afterward correct down to previous 2013ATH peak of $1.2kUS
2021 ATH peak $70kUS did afterward correct down to previous 2017ATH peak of $20kUS(went to $16kUS)

if you start selling from ($100kCAD) even if it peaks to $150k(US)($200kCAD) it may not correct back down to ($100kCAD) after
should you sell all pre ATH, hoping to DCA after
(DCAing out some 100-140.. in a season of 100->200 may not see 200->100 post ATH.. but instead be 200->140 meaning the DCA of 100-140 cant be used to DCA in after ATH 200-140 backward as thats a loss)

if you are going to hoard cash for a year+ to then put a mortgage down payment. i see no point in slowly cashing out from $75k(100kcad) pre ATH~
just to hoard in cash form and not invest it for a year+
especially if you are trying to drip feed (DCA) out slowly amounts that wont get you into a downpayment position this year
you might aswell wait until atleast its closer to the ATH

..
b. possibility of this hype correcting before next year
this hype price this month..($63k (US) today) may also correct down to <$50k(US) again before then climbing to 2025 ATH
so taking some out whilst its in profit to your old purchase price last season. could be good. to then put back into btc if the price goes below todays price before the next ATH.. so that when the 2025 ATH rally happens you have achieved even more profit

EG imagine todays $84k(CAD) sell.. becomes a correction(US $50k($63kCAD)) rebuy in a couple months
your 0.1 $8.4kCAD then gets you 0.133 which is 33% more coin to sell in 2025

[Cryptomultiplier]

You have it all figured out already, but am hoping things turn out the way you have planned and hope you keep up with your DCA strategy once you have taken profit and we have entered the bearish season.
However you should know that the people who would enjoy profit taking care those who have had BTC investments and HoDL for more than five or close to a decade. Else , if you just started DCAing last year and hope to make a good profit in the bull market, I suggest you HoDL some more before even trying to sell.

[Rruchi man]

Anyways, the strategy I'm considering is something like, when BTC crosses $100K CAD, (it's currently at $83K CAD) I plan on selling 0.01 BTC per week. Kind of like DCA but in reverse. Then possibly increasing that amount alongside BTC value, so if it crosses $125K, sell 0.0125 BTC per week, 0.015 per week at $150K, etc.

The question is not about taking profits but what are you going to be taking profit for? What is the plan? Will you just  be taking profits just so that you can have enough money to keep and then satisfy the urge of knowing that you are benefiting from your investment.

Please don't take profit or have a plan to take profit if you have no purpose for it. It is not compulsory to take profit when bitcoin sets a new ATH and continues bullishly.

[Natsuu]

Your plan to sell a bit of BTC regularly as the price goes up sounds solid. It's like a reverse dollar-cost averaging helping you lock in profits without trying to time the market perfectly. I like that you're planning to reinvest during bearish periods, acknowledging the market's ups and downs. Just keep an eye on transaction fees and tax stuff and don't forget to stay in the loop with market trends and maybe think about diversifying a bit. It's a smart strategy but everything can be learned

[mindrust]

The right answer varies from person to person. How much do you have in btc? Do you hold everything in btc? What's the cost of life in your country? What's your age? Do you own a house? etc... Based on the answers you'll give to these questions, you should follow a specific asset liquidation strategy. Since we don't know your situation, we can't give you any meaningful advice here.

Here is an example:

Is the money in btc enough to buy a house? If you don't own a house at the moment > sell btc and buy a house.

[glendall]

Everyone has their own strategy, I think the strategy you use is reasonable to apply, where if you sell BTC you will already make a profit, especially if you will get a profit above the capital we put in / when entering to buy Bitcoin
The suggestion is to sell enough BTC to buy your dream house and save it for your old age from the proceeds from selling your BTC. If you feel that all your wishes have come true, let your BTC become a long-term investment with a target of achieving maximum profits.