How to Take Profit in this Bullrun

[Dr.Bitcoin_Strange]

I am not currently investing in any altcoin but Bitcoin, and the way in which I have prepared to take my profit is not really so different from what you described here. I used to say that before anyone decides to invest in Bitcoin, they should have a target for the price they want to sell their coins at so that if the price of the coin finally reaches their target, they can sell off and buy back during another bear market, or perhaps use the profit to archive their gold. 

Likely, while investing in altcoins, you must know they are very unpredictable. So it's very necessary to set a target price too, so that once your desired price is met, you will not hesitate to sell. Note: Altcoin usually utilizes the pump and dump algorithm, and after a token dumps, you are not sure if it can pump again or when it will pump, so it's better to just take your first-hand profit and relax. Just my opinion, though. 

[Belarge]

I am not currently investing in any altcoin but Bitcoin, and the way in which I have prepared to take my profit is not really so different from what you described here. I used to say that before anyone decides to invest in Bitcoin, they should have a target for the price they want to sell their coins at so that if the price of the coin finally reaches their target, they can sell off and buy back during another bear market, or perhaps use the profit to archive their gold. 

Likely, while investing in altcoins, you must know they are very unpredictable. So it's very necessary to set a target price too, so that once your desired price is met, you will not hesitate to sell. Note: Altcoin usually utilizes the pump and dump algorithm, and after a token dumps, you are not sure if it can pump again or when it will pump, so it's better to just take your first-hand profit and relax. Just my opinion, though. 

We have both bull and bear season, always craves for outstanding and favorable one. Don't relent but focused on crypto projects because they've come to conquer and bringing in good information. When the bull run comes, don't slice your chances away, rather focused on the main picture because winning have turn out to the ambitious mindset of most people.  Invest in bitcoin and later coming out to withdraw huge enormous profits can only be possible if you've made early entries on the project.

[senyorito123]

Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

How do you take profit? Are there other strategies for profit taking?

I'm taking profit using eth investments, when price goes down for few hours I'm taking chances to roll my asset back then wait for 1 day to settle in. Trading site offers dual investment and I got amazing returns to consider it profitable. There's a lot of strategic ways to deal with it, but I'm only using this because that provides me reasonable proof to sustain despite of the risk in cryptocurrency trading.

[royalfestus]

 
Some forum members may criticize you for choosing altcoins over Bitcoin, even though they themselves are doing the same to deceive people and secure early positions in altcoins at lower prices. While investing in Bitcoin was a good decision last January, buying it at prices near its previous all-time high isn't a smart move, especially for small investments. It's crucial to thoroughly research any altcoin before investing. Although altcoins carry risks, they also offer high potential returns at this stage in the market.

[OrangeII]

I like the way you create a strategy to take advantage when a bull run occurs. However, I use a simple method. When the price of the coins I own goes up, I just take the capital I have, and use the profits I get to try to invest it elsewhere, or wait for the price to go down to buy it again. Well, I have been using this method for a long time, and it still works. However, I believe that each person has their own way that they are comfortable using, either because they imitate someone else's way, or they have a way that they modify or develop themselves.

[Bureau]

How do you take profit? Are there other strategies for profit taking?

I use a simple strategy and many times it has worked. I follow future trading which basically is predicting the crypto market. I only follow those coins where I see profit can be gained and invest accordingly to the future prediction of that coin. It is risky but in most scenarios it has worked for me. It is still not a guaranteed way of making profit but with patience it works just fine.

[Volimack]

In bull run the value of currencies increases a lot depending on the individual's own strategy for investment. But holding good altcoins along with bitcoin for taking profit will get good profit with high returns. Bitcoin is a very trustworthy currency but there is a little risk for altcoins so you have to choose the top altcoins after market research. These are very good moves for investors and capitalize on long term bull runs.

[Essential10]

It depends only on personal decision how to gain profit during Bullran. I don't know how others do it but I first consider the risk trend of coin investing and set a realistic profit target based on investment goals. I have invested in several coins now if I decide in advance what percentage I want to profit from the coin then I will prepare to exit when the target is reached, but I have not decided to sell all my invested assets at once. I only take dividends from investments, use that money for my personal work.

[kotajikikox]

In bull run the value of currencies increases a lot depending on the individual's own strategy for investment. But holding good altcoins along with bitcoin for taking profit will get good profit with high returns. Bitcoin is a very trustworthy currency but there is a little risk for altcoins so you have to choose the top altcoins after market research. These are very good moves for investors and capitalize on long term bull runs.

The ideal situation is for us to hold bitcoin the long term however some investors might feel unproductive and impatient with no profits for so long so they tend to invest in altcoins for quick usually constant profit. I think that would be the best case scenario here if we want to earn some extra cash to the side while still maintaining our holdings with ease. I think this way the temptation to take your bitcoin out would be decreased.

[Zanab247]

How do you take profit? Are there other strategies for profit taking?

When the price is high to my satisfaction, that is when I use to take profits from the market and it has helped me to accumulate profits over some years now because I used to buy altcoins during the bear season and hodl them in my wallet and wait for the bull run to come before I can trade.

In the process of your hodling, you will come across so many things that will disturb your mind to sell in a low price, but do everything possible to avoid such temptation than to continue hodling until the bull run occur, which is the popular season many people use to make profit.

Another strategy is to be patience in your hodling, patience will help you to eliminate anything that will make you to miss your opportunity because it will make the market price clear to you to make what will bring joy into your investment when the bull run arrive in the market.

[fullhdpixel]

I like the way you create a strategy to take advantage when a bull run occurs. However, I use a simple method. When the price of the coins I own goes up, I just take the capital I have, and use the profits I get to try to invest it elsewhere, or wait for the price to go down to buy it again. Well, I have been using this method for a long time, and it still works. However, I believe that each person has their own way that they are comfortable using, either because they imitate someone else's way, or they have a way that they modify or develop themselves.

It's not totally a strategy but they are just the basics. Also the one that you use doesn't totally differ from him but it's just that you pull out all your capital quickly, while for him it was slowly but surely i.e 50% per xxx increase and the rest would be lower than that. He can only continue it until he fully recovered his ROI.

In your case, given that you are profiting then why look for others? Doing so might only make you lose, so you can just continue on your current one until you realized that it was not profitable anymore. Imitating someone else can make us look less creative, so we should also try to come up with our own strategy or modify what we copy, if it's not totally preventable.

[oktana]

What I usually ask for this suggestion is, what do you do if the price goes 5x as you say then you take 50% and then it goes up again, you take 10% but suddenly it goes low to where it was when you bought it. At what price will you take the next profit? 10% from the price crash? Or it has to come back up to where it crashed from before you calculate the 10%?

I think it’s best to have a target percent where you can take out your money and look for another place to invest it. It mustn’t be from one cryptocurrency.

[Bushdark]

What I usually ask for this suggestion is, what do you do if the price goes 5x as you say then you take 50% and then it goes up again, you take 10% but suddenly it goes low to where it was when you bought it. At what price will you take the next profit? 10% from the price crash? Or it has to come back up to where it crashed from before you calculate the 10%?

I think it’s best to have a target percent where you can take out your money and look for another place to invest it. It mustn’t be from one cryptocurrency.

We don't need to celebrate told about when to take profit in the bull market.
Once we have make profits from our holdings, it is a good time for us to make take prolfits without waiting for more time which could suddenly make the price of the token we are holding to fall in price makeing us to lose part of the profits or all the profits to the market volatility. It ought to understand the market to make money consistently.

[Velemir Sava]

If this is the approach how will people make life changing money?

All approaches can be used in investing or trading as long as they are focused. If as soon as you enter you want to immediately get big profits, that's luck and you'll be really lucky on that day, but on average that's not the case.

Guys. Everyone has a process, even the most professional ones who invest and trade in the crypto market also have to be patient and watch the moment when they sell and buy again.

Your last question will be answered if you buy, for example, Matic now at a price of $ 0.725 with a quantity of 1000 Matic, try coming back in just 3 months, the price will be $ 1.5, then you will get it. for example.

[Yatsan]

How to take profit? Be patient. In both trading and investments, 80% is waiting and the remaining is decision making. Key notes in bullrun is high market price volatility and that simply means loss is most likely to take place if you will be in a rush with your decisions. Take it easy and wait for clear and better market confirmations. Whenever there is a dip, wait and same goes with big uptrends. Know your risk tolerance as well and trade as you need to, avoid engaging with your emotions. In bullrun, a goal is set in the market which is to create new ATH and that's the only time you should be making your move.

What I usually ask for this suggestion is, what do you do if the price goes 5x as you say then you take 50% and then it goes up again, you take 10% but suddenly it goes low to where it was when you bought it. At what price will you take the next profit? 10% from the price crash? Or it has to come back up to where it crashed from before you calculate the 10%?

I think it’s best to have a target percent where you can take out your money and look for another place to invest it. It mustn’t be from one cryptocurrency.

We don't need to celebrate told about when to take profit in the bull market.
Once we have make profits from our holdings, it is a good time for us to make take prolfits without waiting for more time which could suddenly make the price of the token we are holding to fall in price makeing us to lose part of the profits or all the profits to the market volatility. It ought to understand the market to make money consistently.

Indeed knowing satisfactory levels would also be helpful to avoid greed. In the first place, no matter how big or small the amount is, as long as it is profit, then it should be taken consideration. You may expect for bigger numbers but that depends on how you will handle inconsistencies from the market.

[bastian466]

For me it's simple, what I always do is just take the right moment in my opinion by going through quite convincing research stages, such as looking at bear market movements to start investing and when the bull market is the time to take advantage, but the weakness of this strategy is that it takes time. a long time to get the benefits

[Frankolala]

Talking about altcoins, you must not wait until you have 5x profit before you sell off. This is because there is little or no possibility that they will survive in the market for long, so it is good that you take profit the moment your profit have an increase of 1% and above. Some altcoins will pump and after pumps, if they dump they will not be able go pymp anymore.

Assuming it is bitcoin that is when you can relax and take profit the moment bitcoin reaches your price target, because it will definitely reach there, so what I do is that, I sell altcoins when I am on profit, and buy more Bitcoin. Don't forget that investing in altcoins is like gamble so don't be greedy to see a bigger profit, but appreciate the little profit it has given to you, because no one knows that will be the price tomorrow.

[andyou1234]

I think it's very simple, if you have bought an altcoin before the bullrun comes, of course the price of the altcoin you bought will be lower than when the bullrun came, and if you feel the altcoin you hold has gone up then you can take and advantage of that moment, namely by selling and taking to profit from the investment you make,

[gurunanakji777]

I believe that the real bull run for altcoins hasn't started yet. When it comes to profit, it depends on the development of each project, so the profit target for each coin will also be different. Generally, I am expecting a 5X return in the altcoin bull run. Once it reaches 5X, I will sell 75% of my holdings, and then based on market sentiment, I will decide when to sell the rest.

[JeffBrad12]

Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

Those strategis shall be excluded when you are buying the legit token. You have even explained by yourself about that. No pain no gain, that's the most important thing that traders shall understand it. I meant look at how legit token like sola was performing. It was never slowing down.

I will always try to load as many altcoins as possible considering that we are in a bigger cycle at this moment. The better for you to take a look at how bitcoin is so steady at the current price.

Holding altcoins is a must. Marketcap is a very important thing but i remind you that some tokens may be still in the process to unlocking their supply.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

I make an exceptional for a coin like solana which is having very bright future. I was rarely taking profit gradually. Always going all in the legit coin like eth or even solana.

How do you take profit? Are there other strategies for profit taking?

Taking profit gradually is working when you are trading the mid tier token/coin. It's caused by they can sometimes being pumped and dumped back again.