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Question: Have you taken profits (partial or full) this season?
Yes - 6 (54.5%)
No - 5 (45.5%)
Just want to check result - 0 (0%)
Total Voters: 11

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Author Topic: BTC hit 100K USD: have you taken your first profit in this uptrend?  (Read 705 times)
Faisal2202
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December 10, 2024, 05:55:46 PM
 #41

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?

I am glad that you kept your spirits up this long, and really, patience is the key to success all these years, along with other struggles. We all want to invest in something like this, and BTC is really a savior for everyone, and one main lesson I learned from you is we should not try to time the peak as we must do reverse DCA to book the profit if we have made our mind to book the profit in the first place. I also booked 50% and secured my investment and left the other 50% in BTC now invested in alts with that 50%.

I have made good profit from BTC alhamdulilah, and my profit taking plan for this season with BTC was to make at least 2x now I am seeing a massive growth in BTC price so I secured my capital and holding onto the other part is my plan for another 1.5x at least. For alts my plan is to book whatever they are giving even more than $10 profit (I am booking it hehe). I think this season $150k must be a piece of cake for BTC.

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arjunmujay
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December 11, 2024, 01:30:15 AM
 #42

I think your experience in the crypto world is more than enough to make a decision for yourself. whether to sell some, or even sell everything.

but keep in mind, investment here is not just about getting profit. but in my personal opinion it is more about trust in the assets we hold. especially talking about bitcoin which is an asset whose price is more volatile compared to other investments. so it is okay to target to sell when the price reaches 150K or 200K USD as you said.

it would be even better if 20% of your bitcoin assets that are sold, are returned to investments with safer and more stable fluctuations such as gold or the stock market.
michellee
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December 11, 2024, 01:25:47 PM
 #43

Yes, I already sold at $101k and enjoyed the profit. It is nice to see a profit so I can use some for my family and save the other money for other things. I plan to buy back if the price goes down in a dip so I am still waiting for that.

I don't have the right answer to how high Bitcoin price will reach this season. We'll never know for sure but we can prepares for the coming so we are not late to sell and take the profit. The Bitcoin holder make the biggest profit as they own more Bitcoins.
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