BTC hit 100K USD: have you taken your first profit in this uptrend?

[Mpamaegbu]

While some long-term holders and diamond hands may scoff at my decision to realize profits on BTC, I have a clear and strategic approach.

Anyone who will scoff at your decision is obviously new to this industry or was completely lucky in the last bull season. Otherwise, every OG knows no one can time the market and for that reason have devised ways of taking profit to safeguard the bag. Taking profit and allowing a moon bag run is a better strategy than aiming for the peak to dump all at once. I remember my first bull run experience and how I missed out big time because I aimed for the peak and couldn't even know it when it happened. Nobody knows where the market will peak unless on hindsight.

[Odusko]

Yes, first and second profit is taken. Would have even sold off at $90k but I saw price momentum and I felt it was going to even surge higher, so I held and sold at $100k+ and still bought back when it dipped to $93k and sold at $100k again. Hoping to see more price correction to buy more and increase my holding which I will target to sell by next bull.

Smart guy, pray market keep favoring you like that because sometimes Bitcoin volatilities can work for you and also work against you but so long as you make sure that you buy at price lower than what you sold your Bitcoin you will all be good, between that also avoid leverage trading most especially trading higher leverage, because at that point your chances of waiting to make the needed profits will be shortened by your higher liquidation price and at that point you are either forced to stop lose or head to 💯 liquidation.

But from the look of things you are a spot trader which put you at a safer position, and keep making this profits as long as Bitcoin volatilities continues, we all have to face that fact that regardless of how strong your resistance to selling off your Bitcoin holdings can be, at some point with the right profits, one will definitely take that profits and move on, so for sure once again keep following up with Bitcoin market chart and cashing out your profits at regular intervals.

[pawanjain]

As long as you are following your strategy and making profits you are good to go because that will give you your mental piece.
I have decided to take profits once bitcoin reached around $120k as I believe it will go to that extent.
I will a portion of my holdings and wait for further upside and try to take out profits at different levels.

[XPB]

Have already taken some profit and I'm hoping to take it when I buy 120k next time but let's see what happens with the rest but if it fits I'm sure it will do better in the future.

[rodskee]

Anyone who will scoff at your decision is obviously new to this industry or was completely lucky in the last bull season. Otherwise, every OG knows no one can time the market and for that reason have devised ways of taking profit to safeguard the bag. Taking profit and allowing a moon bag run is a better strategy than aiming for the peak to dump all at once.

it would make us regret when we take out profits a little too early than we should have but that would be better rather than not taking profits then the market dumps that would be a lot worse kind of regret that you wouldn’t want to experience

being greedy is where you will lose big time if you try to keep aiming too high you’ll fly too close to the sun and burn

[Smartprofit]

I believe that Bitcoin is too valuable an asset to use it for short-term speculation. Sometimes the price of Bitcoin goes up, sometimes the price of Bitcoin goes down - it is very difficult to predict the dynamics of its price.

If I were a trader, I would reason as follows. 100,000 US dollars is a very significant level. The price of the first cryptocurrency will probably fluctuate around this level for a long time.

Therefore, in the current situation, it is probably profitable to buy below 100,000 US dollars and sell above 100,000 US dollars. At the same time, it is necessary to remember that the price of Bitcoin can always quickly and sharply begin to grow.

[tabas]

Have you taken any profits from crypto this season?

I did a bit.

What is your profit-taking plan for this season?

Just like how I DCA'd, that's also how I'll be taking profits. Not a whole batch but a little by little.

What price do you think BTC can reach its ATH this season?

I hope that it is not wishful thinking but more than $150k is going to be great for this season. And even higher than the next level of $200k is going to be more amazing. We have to see how high it will be for this cycle.

[tinus42]

I was planning to sell it all when the price hit $80 because I thought it couldn't get much higher than that. Then I read this article. And I HODLed.

https://falkvinge.net/2013/03/06/the-target-value-for-bitcoin-is-not-some-50-or-100-it-is-100000-to-1000000/

Yep you read the date correct, March 6, 2013 

It seems this guy was right. I'm still HODLing.

[Aanuoluwatofunmi]

Some would have taken out their profits while some still holding the asset waiting for the market to get to their desired market price, holding till now or selling by now will strongly be determined by the intention with the investor to hold longer or to sell and take profits and still wait for the market to go dip before reinvesting again into it, our aims differs from each other concerning bitcoin, and the pattern of taking profits and investing back is very common with those who are traders, they can quickly make something from any related opportunity to sell and buy again without having to hold on for so long.

[coolcoinz]

Yes and no. Is that even possible?

So, I used some of my coins to buy myself some stuff that I needed, just to have some fun. For instance, I bought a few gifts for my child, bought a few gift cards that I can later use at various stores, charged my Amazon account. Why I don't even count that as profit taking? Because it was less than 0.1% of what I'm holding.

On one hand I want to celebrate 100k by buying myself some gifts and having some fun, on the other I don't need anything at the moment. I'm not a complete minimalist, but I could have a new computer or a new TV, but the old ones are pretty fine. Why would I spend money on new ones? Just to brag about it to my friends? I don't need that.

If you can afford to hold bitcoin - do it.

[Nwada001]

Have already taken some profit and I'm hoping to take it when I buy 120k next time but let's see what happens with the rest but if it fits I'm sure it will do better in the future.

You have taken some profit already and are trying to take more when the price reaches $120k, or you plan to buy back at that level. Your statement is not directly clear to me. 
 
$100k has given early investors a good amount of profit, and there is nothing bad about cashing out some or a higher percentage of your holdings, but that all depends on the price the person purposed it.

If the profit is good enough, then there is no point in holding; profit will keep on coming as long as the network still exists. You sell today, you wait for a good opportunity to enter the market back, and wait for the right time to take another profit, which both opportunities will always present themselves.

[2Pizza410000BTC]

I would like to know your opinion on this:

• Have you taken any profits from crypto this season?
• What is your profit-taking plan for this season?
• What price do you think BTC can reach its ATH this season?

Of course I took profits from crypto this season.

My profit plan for this season is: I had already planned in my mind that when Bitcoin reaches $100,000 I would sell my Bitcoin, so I placed a sell order for $100,000 of my entire Bitcoin and when Bitcoin reaches $100,000 my entire Bitcoin will be sold and converted to USDT. I did not keep any Bitcoin for the future, I sold my Bitcoin for 100K and took profit.

Of course I think it is possible for Bitcoin to create a new ATH again this season but I think the next ATH will be between 150k and 170k. So hold on to Bitcoin and wait for the new ATH hopefully the new ATH will be created very soon

[betswift]

I would like to know your opinion on this:

• Have you taken any profits from crypto this season?
• What is your profit-taking plan for this season?
• What price do you think BTC can reach its ATH this season?

Of course I took profits from crypto this season.

My profit plan for this season is: I had already planned in my mind that when Bitcoin reaches $100,000 I would sell my Bitcoin, so I placed a sell order for $100,000 of my entire Bitcoin and when Bitcoin reaches $100,000 my entire Bitcoin will be sold and converted to USDT. I did not keep any Bitcoin for the future, I sold my Bitcoin for 100K and took profit.

Of course I think it is possible for Bitcoin to create a new ATH again this season but I think the next ATH will be between 150k and 170k. So hold on to Bitcoin and wait for the new ATH hopefully the new ATH will be created very soon

Hmm. Why didn't you hold for the bigger ATH?
Or do you think to grab better positions during the correction?

[hero_the_bossman]

As long as you are following your strategy and making profits you are good to go because that will give you your mental piece.
I have decided to take profits once bitcoin reached around $120k as I believe it will go to that extent.
I will a portion of my holdings and wait for further upside and try to take out profits at different levels.

Great plan too.
I think we are going to be in the range of 120-150k by the end of this cycle.
200k is maximum.
But let's see, maybe I will be wrong.

[fikrett]

Have already taken some profit and I'm hoping to take it when I buy 120k next time but let's see what happens with the rest but if it fits I'm sure it will do better in the future.

We experience a dip here and there in the price while we reach 100k or a bit more, these are good opportunities to grab better positions, IMO.
Because we didn't see the biggest ATH yet.

[john_egbert]

Have already taken some profit and I'm hoping to take it when I buy 120k next time but let's see what happens with the rest but if it fits I'm sure it will do better in the future.

You have taken some profit already and are trying to take more when the price reaches $120k, or you plan to buy back at that level. Your statement is not directly clear to me. 
 
$100k has given early investors a good amount of profit, and there is nothing bad about cashing out some or a higher percentage of your holdings, but that all depends on the price the person purposed it.

If the profit is good enough, then there is no point in holding; profit will keep on coming as long as the network still exists. You sell today, you wait for a good opportunity to enter the market back, and wait for the right time to take another profit, which both opportunities will always present themselves.

In my book, the best option to enter again would be after a good old correction or a dip.
-10 percent of the price is not bad too, but 15-20 - even better.
And just wait for the next ATH - next cycle.

[Wind_FURY]

I would like to know your opinion on this:

• Have you taken any profits from crypto this season?
• What is your profit-taking plan for this season?
• What price do you think BTC can reach its ATH this season?

- NO profits taken from my purchases for cold-storage since 2019.
- NO profit-taking plan for my cold-storage coins during this cycle, and probably the next two or three cycles.
- Conservative prediction, $375,000 per Bitcoin. Very bullish prediction, probably $700,000 per Bitcoin. 👀

Bitcoin surging over $100,000 is still very unbelievable if you ask me. We knew it would happen, and it IS happening, but it's still unbelievable.

Peter Schiff during 2019,

Keep dreaming.  Bitcoin is never going to hit $100,000!

https://x.com/peterschiff/status/1192802503856984064

[m2017]

I entered the crypto market in 2017 during the ICO craze, a period when token sales were touted as the next big thing. While it seems naive in hindsight, the hype was palpable, and many of us were swept up in the excitement. Unfortunately, the subsequent crypto winter wiped out my ICO investments, leaving me with only experience and a newfound conviction: BTC, the original crypto, was the true asset to hold and it could reach 100K USD.

You are not one of those from that year. Look at my nick and you will understand. And you are not the only one who lost money on stupid investments in ICO. But experience is not free and thanks to that hype, scam ICO and shitcoins, we now know what the true value is. In 2017, even $10k seemed like something supernatural and unimaginable that no one could foresee. And now, look, $100k doesn't seem like a special event, because for me, for example, it was an inevitable event.

While some long-term holders and diamond hands may scoff at my decision to realize profits on BTC, I have a clear and strategic approach. By implementing a disciplined Reverse DCA strategy, I prioritize capital preservation, psychological well-being, and tangible financial gains for my family. A 20% profit allows me to extend my investment horizon, compound returns, and capitalize on future market opportunities. Given my risk tolerance and financial goals, I prefer a cyclical investment approach rather than a long-term, "hold-to-die" strategy.

Everyone has the right to use the strategy that is beneficial to them.

"hold-to-die" strategy.

Even this can be profitable. But probably only for posterity.

I would like to know your opinion on this:

• Have you taken any profits from crypto this season?
• What is your profit-taking plan for this season?
• What price do you think BTC can reach its ATH this season?

1. Expressed in real money, and not imaginary figures of unrealized profit? Probably not.
2. I don’t have any specific plans.
3. For me, the figures of $120-150k seem the most plausible, but I don’t have the gift of prophecy.

[hd49728]

You are not one of those from that year. Look at my nick and you will understand. And you are not the only one who lost money on stupid investments in ICO. But experience is not free and thanks to that hype, scam ICO and shitcoins, we now know what the true value is. In 2017, even $10k seemed like something supernatural and unimaginable that no one could foresee. And now, look, $100k doesn't seem like a special event, because for me, for example, it was an inevitable event.

Looking back to years like 2017 mean three market cycles, and with naive thinking that Bitcoin price doubles with each halving and each market cycle, after three cycles, price would be x8 since 2017 price. That simple calculation leads us to price from $10,000 to $80,000, not too bad.

I myself, if don't have belief that Bitcoin can have price like $100,000 or higher, would have never bought bitcoin for my investment portfolio. I believed it to happen in future and some years in this market helped to increase my belief bigger. $100,000 is expensive price for entry with many people in December 2024 but I imagine future like 2028, 2032 or 2036, three more market cycles, this price will be dream entry for many people, but they will not have it in years like 2032 or 2036.

[Z-tight]

To be completely honest, i am yet to sell anything; i believe next year will be very bullish for BTC and when that time comes, i will sell some % of my stash, not too much, at least not more than 40%.

I do not have any plan of selling all my BTC, and the reason i will sell some % of my stash is to diversify my investments, not into altcoins if you are curious, but into non-crypto assets; i.e. gold.