BTC profit taking strategies?

[mirakal]

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.

Instead of selling 0.01BTC per week, why not sell them all when it reaches your target price?
In fact, you actually know the volatility of the market and its unpredictable price. What if the price will no longer move higher over $100k and it drops again, are you gonna hold or sell?

If you BTC OP at $60k last bull season, even selling them at $100k or $90k is already a huge profit. I don't think it ever satisfies you. Remember, greediness was not bad but if there is too much greediness, that is not right anymore.
 - it should be planned well and make decisions that we never have to regret. If your strategy is working effectively, then stay with it.

I don’t see any problem with OP’s strategy but I believe if he is certainly looking for  bigger returns, then selling his bitcoins all in when bitcoin bull run hits the market is the perfect time. That way, he will gain massive amount of profits in just one time selling. Now, when the market turns to bearish again, that’s the time he will start buying back again with a lower price and continue with DCA. Always follow the basic, buy low and sell high. With that, you will never go wrong with that simple strategy.

However, everyone has individual strategy when it comes to profiting from our own investments. I will not say follow this or follow that because not all that works for me works for you too. But as long as you never sell at a lower position, that may seem good enough.

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[Assface16678]

Whenever I sold my Bitcoin holdings, it was hard to buy them back. Because after selling it, it kept pumping. So we can't predict, actually. If you don't need serious funds, then don't sell your bitcoin right now. Because after the halving, Bitcoin should start pumping, and at the end, you may miss the train. Just set a goal for selling your bitcoin and do something in real life. I will advise you: don't be a hurry; you can buy a house if you have money anytime. But if you missed the Bitcoin train, then you will be in trouble. 

True! We have the same view about our bitcoin holdings; even now that the bitcoin price is at $60k, I'm still not selling anything from my holdings. Why? Well, I want to sell some of my bitcoin if I feel that this is as far as the bitcoin bull run can reach, but right now it is not the time for that. Because I value my holdings, I don't want to sell them all because I still believe that bitcoin will increase even more in the future. At least if that happens, I have assets that I can be proud of, and I can be rewarded for that. Also,  I'm concerned about the community. If many investors already sell their holdings, then surely there will be a price drop or dip in the bitcoin market, but the price is still stable at $60k and up, meaning many investors still keep on holding their assets. I may not have huge holdings, but profit is profit, and bitcoin is bitcoin.

[NewRanger]

True! We have the same view about our bitcoin holdings; even now that the bitcoin price is at $60k, I'm still not selling anything from my holdings. Why? Well, I want to sell some of my bitcoin if I feel that this is as far as the bitcoin bull run can reach, but right now it is not the time for that. Because I value my holdings, I don't want to sell them all because I still believe that bitcoin will increase even more in the future. At least if that happens, I have assets that I can be proud of, and I can be rewarded for that. Also,  I'm concerned about the community. If many investors already sell their holdings, then surely there will be a price drop or dip in the bitcoin market, but the price is still stable at $60k and up, meaning many investors still keep on holding their assets. I may not have huge holdings, but profit is profit, and bitcoin is bitcoin.

Yes and remember anything can happen in the crypto market and if we someone want to get the best price, wait until the halving is over while all the coins are dumped based on previous history. We have to decide for ourselves or accept advice from experts regarding temporary price predictions because we face uncertainty at this time. I think, if the main coin was dumped or pumped, the other coins on the market would also be in the same condition right now. This is where strategy is needed and we will be able to monitor and navigate the market well if we don't wait and be patient for quite a long time.

[peter0425]

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  :-)

Look when you plan that to happen mate and look how much Bitcoin price now it is nearing to break 100k CAD so are you still planning that ? or at least reconsider your decision and instead wait for at least next year to not just put a down  payment for your dream house instead to buy it completely?
remember that there are lot of risk but the fruit is worth it if happens.

[Shishir99]

I think I should address this, as it's a valid topic of discussion.

I realise in hindsight it probably wasn't wise to be even as vague as I was, stating my BTC holding. I'm not trying to paint a target on my back. I'm also not trying to show off; I was just trying to provide context and looking for relevant advice from people who know a lot more than I do.

But yeah, in hindsight, it was a mistake I won't repeat.

You haven't shared too many personal details with which people can identify in real life. So, you have nothing to worry about. It is good that you understand the importance of being anonymous. Do not share your wallet address or any personal details that may hard your online or real life. I understand that you are looking for advises. But, people won't be able to give you best advises without knowing your situation and it's not wise to share your personal things online. So, it's better to do your own research and figure out what you should do to take maximum profit.

[spectre71]

I know the US housing market is on a bubble and will burst so I would think that the CAD market would be somewhat alike.  It would be ashame to sell when we have some to go in BTC and buy high in the housing.

The tax implications and things such as a trust and all you need a pro advisor.

[GeorgeJohn]

For you to make a profit for any of your investment you have to understand went to invest and then went to invest and before you will make a profit you can only invest when the price is on the bearish market and expecting for the price to increase before you say in order to make a huge profit so Many of us who is investor does not know the actual timing of investing in Bitcoin for we to make a profit, They just target whenever the price of Bitcoin is getting increased is when they will decide to invest thinking that that is the opportunity or best time for we to invest and make a profit.

[Shamm]

For you to make a profit for any of your investment you have to understand went to invest and then went to invest and before you will make a profit you can only invest when the price is on the bearish market and expecting for the price to increase before you say in order to make a huge profit so Many of us who is investor does not know the actual timing of investing in Bitcoin for we to make a profit, They just target whenever the price of Bitcoin is getting increased is when they will decide to invest thinking that that is the opportunity or best time for we to invest and make a profit.

Yes you are right that mate we cannot  predict the movement of the market which means we can not say that tomorrow the price of a coin that we hold will increase.  That's the reason why In crypto we should take good care of our coins we need to analyze if and double check when we gonna buy and when we gonna sell our coins in order to have a good and huge profit. Anyways  we have different perspective in mind so it's up to us if we gonna do it or not.

[Sebas.tian]

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.

Like those that picked $70,000 before they can release their Bitcoin to the market, they will definitely see it very soon because the price of Bitcoin has gotten to $68,321 which is the sign that it will continue increasing but it will not reach $100,000 before it will return back to bearish season again. Anyone that will pick 125,000 will not see that price from the market this year 2024, but it will definitely appear in the next bullish market but it will be difficult for investors to experience it in this new bullish market that started few weeks ago. The most important in your strategies is to ensure you take a reliable income at the end, because that is what will give you happiness.

[mich]

Well it is always good idea for us to take profits in crypto when we can do it. The Bitcoin market is so volatile and we see so many swings it is smart to take some profits.
And then we can use those profits to buy more coins. This is something I really do like about being bitcoin hodler. We can do trades and then invest more fiat into our coins at any time and do it fast.

[Bananington]

I always admire those with a good plan.
The good plan here is the profit taking you seam to achieve.
 Am sure our dear OP has been taking in some profits no matter how small, but if the fear that all might be lost is inherently causing the FUD or the decision to withdraw and reinvest some of the profit into other necessities and investments and then to adopt a better and more reliable strategy to increase profit in the long run from now when you start to HoDL, then I applaud your effort and the great comments on the best strategies to use so far given.

Bitcoin sure has a good store value as well can act as a hedge over inflation in some cases and for the fact that the bullish season is gearing up as well as the fact that one can easily get some BTC for as low as a few Sats, makes it a good coin that one can try a DCA strategy with and be consistent and disciplined about doing so.

[SeriouslyGiveaway]

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  :-)

Your method is DCA selling. This is a quite effective and safe method, helping us avoid fear and fomo when the price continues to increase after we sell out. It gives us the mentality that we always have Bitcoin, no matter how much the price continues to rise, we still have Bitcoin to sell. However, actually doing this is quite difficult, it requires discipline as well as good psychology to do exactly what you set out to do. I have experienced the market's hot growth period in 2021, so I know well the feeling of holding Bitcoin whose price keeps increasing. Sell ​​out or continue to hold? If you sell a little, it's not worth much. If don't sell, what if it drops tomorrow? Many questions and decisions kept popping up in my head, making me really confused at that time, and I sold them all when Bitcoin price was only 35k USD.
Then came a period of real regret when the price continuously increased, nearly double the price I sold it for. Coincidentally, in this cycle I also plan to apply the DCA selling method as you mentioned, and hope I can maintain a strong mentality to not be swept away by the market's madness like before

[amihada]

Everyone has different strategies according to their own lives. Maybe your plan is good but not necessarily good for other people and vice versa. In my opinion, a good strategy is to sell when the price of Bitcoin goes up and wait when the price of Bitcoin goes down, then buy again. That's all. It's easy for me to take advantage of Bitcoin as long as I patiently wait for a long time.

[Ben Barubal]

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  :-)

     If it's really a profit, why not? Do the plan you want, and I don't see anything wrong with that. But if I'm the only one who has to wait for the 100k for each bitcoin before I sell it, then your withdrawal plan every week should still be done.

     This is just in my opinion, so that's more profit, and most people see that 100k$ each of bitcoin can be achieved in a few months now, especially since most institutional investors continue to buy Bitcoin in reality.

[Youngkhngdiddy]

Everyone has different strategies according to their own lives. Maybe your plan is good but not necessarily good for other people and vice versa. In my opinion, a good strategy is to sell when the price of Bitcoin goes up and wait when the price of Bitcoin goes down, then buy again. That's all. It's easy for me to take advantage of Bitcoin as long as I patiently wait for a long time.

  Though many traders don't know it, a profit taking strategy is a crucial part of the trading process. Knowing when to exit a trade when in the green is one of the tougher objectives for traders and investors to understand. Some will close their position in one go, while others will look to partially close their position as it moves in their favour. Some traders are likely to set the take profit targets based on technical analysis, while others use a fixed target (for example, in pips or $ value) or might follow their gut feeling (for example, if news comes out that affects their open position). Trading psychology is one of the most difficult parts - if not the most difficult - to master in trading. To achieve consistency, discipline and improve your risk management skills, it is important to set rules and to have a clear plan what you want to do and achieve.
  The HODL strategy for taking profits in crypto also leaves a heap of coins on the table. Even more than with stocks and other investments, coins go through a number of peaks and valleys before arriving at a particular price. Investors who know how and when to take crypto profits can take advantage of these rises and dips and increase their pot by a substantial amount of coin, while taking profits along the way. It's important to note that profit-taking is not a guarantee of future success and that there is always the risk of losing money in the cryptocurrency market. As with any investment strategy, it's crucial to thoroughly research and understand the market before making any decisions. Additionally, it's important to have a well-defined investment plan and stick to it, rather than making impulsive decisions based on short-term market movements.

[boty]

Everyone has different strategies according to their own lives. Maybe your plan is good but not necessarily good for other people and vice versa. In my opinion, a good strategy is to sell when the price of Bitcoin goes up and wait when the price of Bitcoin goes down, then buy again. That's all. It's easy for me to take advantage of Bitcoin as long as I patiently wait for a long time.

In investing, of course each person has a different strategy from other people in achieving their investment targets and of course they have very good mastery of the field they invest in so that they can make a profit on their investment and if indeed you can know when is the right time for Bitcoin to rise and also down, of course it will be very easy for you to get a profit from what you invest, but because the price of Bitcoin is very difficult to predict, I think it would be better for us to collect it gradually and hold it for a long period of time to be able to make a profit from holding a number of Bitcoins.

[MusaMohamed]

In investing, of course each person has a different strategy from other people in achieving their investment targets and of course they have very good mastery of the field they invest in so that they can make a profit on their investment and if indeed you can know when is the right time for Bitcoin to rise and also down, of course it will be very easy for you to get a profit from what you invest, but because the price of Bitcoin is very difficult to predict, I think it would be better for us to collect it gradually and hold it for a long period of time to be able to make a profit from holding a number of Bitcoins.

Investment is an activity to spend your money, buy something, hold it, and at the end, to get profit.

So taking profit from your investment is a good practice but how to do it to get profit but still ensure that you will gain more profit in future is a hard task.

Michael Saylor Interview: Why You NEED At Least 0.1 Bitcoin (2024).

If you invested in bitcoin, and now you are getting good profit in digital number, like 200% ROI or higher, it's good if you take profit with 30% or 50% of your capital but as I list two main tasks.

Taking profit and enjoying it.
Ensuring that you will gain more profit in future.

After taking profit 30% or 50% of your capital, you can reserve the rest for higher prices of Bitcoin, for next 2 or 3 cycles till 2028 or 2032.

The interview above from Michael Saylor and his advice makes sense.

[kotajikikox]

Everyone has different strategies according to their own lives. Maybe your plan is good but not necessarily good for other people and vice versa. In my opinion, a good strategy is to sell when the price of Bitcoin goes up and wait when the price of Bitcoin goes down, then buy again. That's all. It's easy for me to take advantage of Bitcoin as long as I patiently wait for a long time.

But OP is talking about profit taking meaning selling some while the price is really high , this is another type of strategy comparing to complete holding.
some use this to sell high then buying Low because we know that there is always trend and that made many uses that strategy now.
myself have this also and waiting for the dump these days.

[leonair]

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.

Nice strategy i support your plan. op can sell his 1 bitcoin at once when it  hit $100k in his local money and buy a nice house and then hold the rest 0.5 bitcoin for long run. also he can invest by using DCA strategy from his regular income which you mentioned. because no one knows if the price of Bitcoin will go up or down after crossing $100k. so if the price of bitcoin falls again, then the op will suffer a lot and will have to refrain from buying the house.

[adzino]

Yeah, I would have suggested you the same way. You can DCA in and DCA out. You won't be making your maximum profit, but you will be risking less. But if you can hold for long term and you won't be needing the money anytime soon and you don't want to deal with the market volatility or headaches, then just keep holding until you reach your profit goal. Like you said, you are waiting for the price to reach $100k CAD (which I guess is around $75k USD? Then keep holding it until you reach your goal. While you hold, you can keep on investing without worrying about the current price. Once it hits your target, you can take like 75% of your profit and hold the rest while choosing a new target.