People taking profit is necessary

[kotajikikox]

One thing that everyone says is to keep holding bitcoin no matter what. Even when the price goes down because it will continue to rise and even if it rises keep holding because it will also keep rising. The average time coins are held in a wallet has decreased over the past few weeks. While to some this may indicate negative signals, Santiment says that this is necessary to keep a rally alive.

“This adds weight to the argument that the market is in an active phase, and not just being driven by short-term speculation,”

People selling just means that coins are being brought back into circulation and allows the network to grow. Do you agree? I think this is a different approach to what we usually see when people see the price dropping and people taking profit.

[Joy- maker]

Bitcoin holding should last at least 5 to 10 years or longer before you can even think of taking profit, because take profits when your bitcoin investment is not up to 5 years it is not a good holding and even taking profits at early stage of accumulation is also a bad investment unless you are a trader, only traders panic and sell when bitcoin price is decreasing. as far as you an investor you don't have to panic and sell when bitcoin dip rather buy those dips and hold for bitcoin price will increase with time just keep buying bitcoin and hold.

[AVE5]

Yes I agree and I'm an advocate encouraging everyone investors to take their depersonalized decisions in the market without giving it a room for those speculations such as those who says "don't sell now but later".
My question is usually "later til when"? Because I don't understand why someone must had been satisfied with a level of profits and you're saying don't sell yet.
And of course, selling and the market price dropping is one of the formation that'll always spread the wings of bitcoin in a wider adoptions because it's like the garbage in and garbage out which regulates rotationally giving provisions low entries which is attractive for new entry investors while it hedge of holding values remains suitable with those on long term holding.

[Helena Yu]

This show if institutions now keep buying Bitcoin regardless the price is.

The future will not be really good, we never know how much the price the institutions want to sell their coins or when they want to sell it. They have no urge to sell their coins because they can just print new money and making money from the other sectors.

Taking profit is necessary, but I hope not all holders will do that.

[Rruchi man]

Bitcoin holding should last at least 5 to 10 years or longer before you can even think of taking profit, because take profits when your bitcoin investment is not up to 5 years it is not a good holding and even taking profits at early stage of accumulation is also a bad investment unless you are a trader,

5 to 10 years? Who gave that rule? Don't die trying to prove a point to no one; there is no award for best holder.

It is not the duration that matters, but the target you have set for yourself. If you are able to get your target, that is, the profit goal you have set for yourself, before the 5-10 years duration you think is standard, @OP, there is no issue with taking some profits for yourself to sort some needs and then set another target for yourself.

 

[Joy- maker]

Bitcoin holding should last at least 5 to 10 years or longer before you can even think of taking profit, because take profits when your bitcoin investment is not up to 5 years it is not a good holding and even taking profits at early stage of accumulation is also a bad investment unless you are a trader,

5 to 10 years? Who gave that rule? Don't die trying to prove a point to no one; there is no award for best holder.

it is not a rule everyone can decide when to sell their bitcoin depending on their target, but for you to make reasonable profits from bitcoin you have to hold at least 5 to 10 years or longer if you have accumulated a good portion of bitcoin, just imagine how profitable those who bought bitcoin consistently in 2015 and hold onto it till today.

Bitcoin history has proven  to use that if you keep buying bitcoin consistently and hold for a long period of time less say 5 to 10 years or longer you will be in massive profits, because as time goes on bitcoin is creating new ATH, so less keep holding more ATH are yet to come.

Price history of bitcoin

https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp

[lionheart78]

People selling just means that coins are being brought back into circulation and allows the network to grow. Do you agree? I think this is a different approach to what we usually see when people see the price dropping and people taking profit.

Depends on the purpose of selling.  If one is taking profit then it is a good thing for the market so I agree that with this kind of intention promotes growth to the market enabling coins to be available for newcomers.  But if the sells initiate by lack of trust, then it goes another way around.  Luckily Bitcoin market sells are just people taking profit and the confidence is still there.

Just imagine a scenario where Bitcoin owners just hold their BTC,  I think there will be a problem with the Bitcoin market liquidity.  And if new investors see that there is no one selling, then they may probably look for another investment that has a good liquidity.

[LogitechMouse]

One thing that everyone says is to keep holding bitcoin no matter what. Even when the price goes down because it will continue to rise and even if it rises keep holding because it will also keep rising. The average time coins are held in a wallet has decreased over the past few weeks. While to some this may indicate negative signals, Santiment says that this is necessary to keep a rally alive.
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People selling just means that coins are being brought back into circulation and allows the network to grow. Do you agree? I think this is a different approach to what we usually see when people see the price dropping and people taking profit.

The people who are thinking like the text that I bolded are the ones that are (sorry for the word) "stupid" ones.

The main reason why we are investing into Bitcoin is for us to make money from it, and one way for us to make money is to sell it at a higher price. I don't see a logical reason as to why there are investors out there that will hold Bitcoin no matter what happens. They look at Bitcoin as some type of collectible, or a rare thing. Bitcoin is an asset, and even if you will look at is as collectible, at some point you will still sell it to make money. Sorry for the word, but those people who will be holding Bitcoin FOREVER are just stupid.

As long as there will are Bitcoins being circulated, the asset will grow. As long as there will be buyers and sellers, the asset will grow.

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Taking profit is necessary, but I hope not all holders will do that.

What do you mean not all holders? You want those Bitcoin holders to hold their Bitcoin forever? For what reason? It doesn't make any sense to hold Bitcoin FOREVER to be honest.

[dimonstration]

People selling just means that coins are being brought back into circulation and allows the network to grow. Do you agree? I think this is a different approach to what we usually see when people see the price dropping and people taking profit.

It’s correct. Selling is a part of growth for Bitcoin because it distributes to the new holders that interested on Bitcoin. The price will create a buble if no one is selling whenever there’s a price movement which is dangerous because it will create chaos once someone who has huge holdings break the continuous holding and decided to sell.

There’s a lot of buyers compared to sellers on Bitcoin that’s why the price can still manage to grow despite the pump and dump which is good long term.

[hd49728]

Price history of bitcoin

https://www.investopedia.com/articles/forex/121815/bitcoins-price-history.asp

I can support you with another chart on Bitcoin correction history.
Bitcoin historical corrections from all time highs.

You can prepare money and wait for corrections, dips to buy dips and even maximize dip effect for your DCA entries. If you can manage doing DCA for your Bitcoin investment, it's good. It's even better if you can do DCA entries for your investment portfolio through Bitcoin dips.

[Finestream]

Taking profits is the main goal, and it will only be possible if you take time to sell, so why stop yourself from doing it? Although it does not mean that you have to sell all your coins, but at least sell some portion of your coins so that you will gain profits at the moment while you keep hodling the rest of the coins for future profits.

Taking profits is necessary, only those greedy investors are just complicating it.

[yhiaali3]

There is no single rule for all Bitcoin investors. Some people prefer to hold for the long term while others prefer to take profits and buy back at the first opportunity...

There are also differences in the holding period for Bitcoin. Some believe that the minimum is one cycle while others believe that Bitcoin should be held for at least two or three cycles. Opinions vary among people.

There is no rule for how long to hold Bitcoin or when to sell. Everyone is free to manage their assets according to the strategy or goal they see fit for their situation.

[d5000]

I tried to look into some charts to see if this affirmation corresponds to reality in past bull markets (2013, 2017, 2021).

MDIA, the indicator used by the Cointelegraph article, is basically an inverted form of Coin Days Destroyed (CDD) but measured in US dollars. I haven't found freely available MDIA charts but CDD charts are very easy to find, for example at Bitbo:



And there is indeed a very interesting pattern: In the last phases of all bull markets, CDD increased a lot. Above all the "higher lows" pattern is very clear both in 2014 and 2017, and also in the current bull market.

2021 however is a special case: here the "higher lows" pattern only was seen until the May 2021 top, when the CDD dropped sharply during the "China ban crash" but didn't recover that much in the November 2021 rally. In November 2021, around the ATH of $69,000, the values were moderate, "as if nothing happened".

Both CDD and MDIA are patterns indicating when old coins come back into circulation, so if it's increasing this means that "old holders are selling", and that seems to be the case in the bull market. So as long as CDD goes up and MDIA goes down, the bull market pattern indeed is intact.

However, both indicators lack predictive value. They only change their tendency when the price has already crashed. However, anormal high CDD / low MDIA values like in 2014 and 2017 are a warning sign as it indicates very high profit taking. Currently the values are however still moderate - but that was also the case in late 2021, as written above.

[Pablo-wood]

I rather take some profit, wait for a new dip to form so I can buy again. What is investment if I can't strategize. The beauty of every investment is having a strategy at all point be it bull or bearish. The more coin I have the more value my coin returns the hike resumes.

I can't risk it at this point no taking some profits, what if the price drops and I lack the finance to buy at the new dip whereas i had a chance to sell some coin when the price was high so I can have more capital to buy at a better price.

[serjent05]

One thing that everyone says is to keep holding bitcoin no matter what. Even when the price goes down because it will continue to rise and even if it rises keep holding because it will also keep rising. The average time coins are held in a wallet has decreased over the past few weeks. While to some this may indicate negative signals, Santiment says that this is necessary to keep a rally alive.
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People selling just means that coins are being brought back into circulation and allows the network to grow. Do you agree? I think this is a different approach to what we usually see when people see the price dropping and people taking profit.

The people who are thinking like the text that I bolded are the ones that are (sorry for the word) "stupid" ones.

True, there are lots of benefits of selling at a profit aside for the market growth, it also enable the seller to reaacumulate at a lower price growing his portfolio without the need to inject more price.  Like for example, a holder bought 1 Bitcoin at $60k, he took profit in this current ATH record at $112k, the bought back when the price dip @ 106k, he would then be holding 5.66% more BTC so the total of his BTC now is around  1.0566BTC. If he just hold his BTC forever, his BTC will remain 1BTC

There we see the difference between actively selling at a profit and buying when the BTC dip than just purely holding forever.

[BIT-BENDER]

I rather take some profit, wait for a new dip to form so I can buy again. What is investment if I can't strategize. The beauty of every investment is having a strategy at all point be it bull or bearish. The more coin I have the more value my coin returns the hike resumes.

Just as your private key, your wallet so is your investment, your decision. If you think holding Bitcoin and taking profit is your thing then fine but for me I see Bitcoin as a long term investment that will always grow there by allowing me to build wealth, but I am of the opinion that pressing needs should come before investments and if I need something that I can not solve without touching my Bitcoin then for sure I am touching some of it.

[₿itcoin]

One thing that everyone says is to keep holding bitcoin no matter what. Even when the price goes down because it will continue to rise and even if it rises keep holding because it will also keep rising. The average time coins are held in a wallet has decreased over the past few weeks. While to some this may indicate negative signals, Santiment says that this is necessary to keep a rally alive.
---
People selling just means that coins are being brought back into circulation and allows the network to grow. Do you agree? I think this is a different approach to what we usually see when people see the price dropping and people taking profit.

The people who are thinking like the text that I bolded are the ones that are (sorry for the word) "stupid" ones.

The main reason why we are investing into Bitcoin is for us to make money from it, and one way for us to make money is to sell it at a higher price. I don't see a logical reason as to why there are investors out there that will hold Bitcoin no matter what happens. They look at Bitcoin as some type of collectible, or a rare thing. Bitcoin is an asset, and even if you will look at is as collectible, at some point you will still sell it to make money. Sorry for the word, but those people who will be holding Bitcoin FOREVER are just stupid.

taking profit is a natural and healthy part of any market cycle, it is not panicselling type shit.
If someone invests in Bitcoin, their only goal is to make a profit and that is natural.
if you want to see the rally to 100 million alive long-term hodlers should come to circulation then, to prevent overheating.

I always support "HODL forever", but selling at strategic points is not a bad thing at all to maintain the market dynamicity.

[0t3p0t]

Bitcoin holding should last at least 5 to 10 years or longer before you can even think of taking profit, because take profits when your bitcoin investment is not up to 5 years it is not a good holding and even taking profits at early stage of accumulation is also a bad investment unless you are a trader, only traders panic and sell when bitcoin price is decreasing. as far as you an investor you don't have to panic and sell when bitcoin dip rather buy those dips and hold for bitcoin price will increase with time just keep buying bitcoin and hold.

That is boring for someone like me who has only small amount of Bitcoin holdings on my portfolio because you know the profit would be very small but when you usually take profit everytime there is an opportunity there is a higher chance that it will be getting better because price goes up and down and regardless of trend you can always get profit from it depending on what strategy you are using. I once hold but missed to take profit before price tank and yeah it took me a long time to break even because my funds are pinned. So for me much better to take profit.

[Onyeeze]

When holding a bitcoin you will have a target when the price will reach and you make a withdrawal, saying that we should continue holding bitcoin I think is not making any sense, anyone that wants to hold Bitcoin should hold Bitcoin and also have a target of withdrawing the profit made, so for me if you make a profit that worth your capital I think you have to withdraw not every holding will lead us into profit, theirs a hold that is called a delay investment depending your target for your investment

[Z_MBFM]

Bitcoin holding should last at least 5 to 10 years or longer before you can even think of taking profit, because take profits when your bitcoin investment is not up to 5 years it is not a good holding and even taking profits at early stage of accumulation is also a bad investment unless you are a trader, only traders panic and sell when bitcoin price is decreasing. as far as you an investor you don't have to panic and sell when bitcoin dip rather buy those dips and hold for bitcoin price will increase with time just keep buying bitcoin and hold.

Of course, it should be like this, if someone can hold Bitcoin for 5 to 10 years, then in that case, he will definitely get profit, it is guaranteed. Because so far, it has been seen that Bitcoin itself has failed to create a new ATH in a four-year circle. So if someone can hold Bitcoin for 10 years, then he can make a very big profit from here. Everyone's investment has the purpose of making profit. Because you will invest money where you will get a good return. However, since the price of Bitcoin is not stable and the price of Bitcoin not only increases, it also decreases a lot and then recovers, it will not be possible to earn profit by holding Bitcoin for a short period of time if you are not lucky. What does investing for a short period of time mean leaving profit to fate.