People taking profit is necessary

[Natalim]

You make a very good point here because the fact is that you can't hold your coin for ever the best advice for anyone holding a crypto assets is to hold for as much as possible but the truth is that one day you are going to sell because just as you have said selling in one way keeps the coin in circulation, the essence of people investing in Bitcoin is for the purpose of profit making so you will continue to see people selling their crypto assets so that they can make money to solve one or two problems before they can reinvest again

Honestly, no one can hold bitcoin forever, that’s just an exaggeration from some people here. At the end of the day, all of us are still looking forward to make good amount of returns, that’s why we’re always optimistic when to see the final bull run and finally yield our long awaited profits. Those who probably won’t sell do not actually know the real essence of investing.

[CryptoBuds]

Honestly, no one can hold bitcoin forever, that’s just an exaggeration from some people here. At the end of the day, all of us are still looking forward to make good amount of returns, that’s why we’re always optimistic when to see the final bull run and finally yield our long awaited profits. Those who probably won’t sell do not actually know the real essence of investing.

I think there are still some people who can hold bitcoin forever, people who see bitcoin as a cult can do so. But honestly, that's really a bad idea, a stupid move because that's not the goal of investing in bitcoin. They are straying from their original goals and that is not good for them.

For me, taking profit is never wrong because that is the purpose of investing, and that is why I do not often and do not like to give advice, people should hold and not sell. Everyone will have different goals and positions, they can sell at any time as long as they are happy with it, don't interfere or criticize them when they do so.

[TheUltraElite]

During times of market up and down, wallets will fill and empty quickly. During sideways or stagnant markets, wallets tend to remain full for months.

How people spend their coins is a personal choice though, they might want to cash out on the all time high or cash in on the next dump, or just sit tight throughout the process, it is upto them.

People come to this forum with the objective to make money from the market and thus they will be seeking profits, there is nothing wrong in that. Someone has to sell so that another person can buy.

[dunfida]

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.

Not all people would be bound on holding up their Bitcoins on which there would be always those fellas that would be that deciding on selling it out once they do have the opportunity on doing so. We do know that the basic principle when it comes to trading is to "buy low sell high" on which at the moment that they've seen up such opportunity then they wouldnt be hesitating on doing so just because they are going for short term but for those who are that holding for long term then it would be an another story.There are those people who do both things on which we know that profitability will be basing up on how good you are or simply with the skills and with some little bit mix of luck. Profit is profit and never look back or making up some regrets once you have done it. When it comes to buying and selling then this is why we do call it a market in the first place because it is that being composed by buyers and sellers. There would be no volume if all of people will be trying out to hold.

Take profit when you do have the chance and hold a part of it. Separate your short term investment and with your long term ones. You should know on what you should gonna do because once you wont be able on wisely making up decisions then you would be having a hard time on making up some handling with your investment. Always make it sure that you wont be putting up yourself on such condition and always secure profits and you should know on where to allocate funds.

[betswift]

During times of market up and down, wallets will fill and empty quickly. During sideways or stagnant markets, wallets tend to remain full for months.

How people spend their coins is a personal choice though, they might want to cash out on the all time high or cash in on the next dump, or just sit tight throughout the process, it is upto them.

People come to this forum with the objective to make money from the market and thus they will be seeking profits, there is nothing wrong in that. Someone has to sell so that another person can buy.

The market wouldn't be the market without the selling and buying.

And I totally agree with you, each decides where to fix their results for themselves.

[Strongkored]

What is the purpose of buying Bitcoin, profit right? So if you just hold and keep holding then the goal will not be achieved at all.
Taking profit is a necessary after holding it for some time, because we don't know the future, where the big holders can throw it away at any time, they care about the profit too not just the technology.

[john_egbert]

What is the purpose of buying Bitcoin, profit right? So if you just hold and keep holding then the goal will not be achieved at all.
Taking profit is a necessary after holding it for some time, because we don't know the future, where the big holders can throw it away at any time, they care about the profit too not just the technology.

Big hodlers know that they don't need to worry about anything.

Smaller ones, - they sometimes sell out of fear, but they can do just as the big hodlers, although that's the result that would differ in contrast, due to the amounts invested initially.

[kotajikikox]

You make a very good point here because the fact is that you can't hold your coin for ever the best advice for anyone holding a crypto assets is to hold for as much as possible but the truth is that one day you are going to sell because just as you have said selling in one way keeps the coin in circulation, the essence of people investing in Bitcoin is for the purpose of profit making so you will continue to see people selling their crypto assets so that they can make money to solve one or two problems before they can reinvest again

Honestly, no one can hold bitcoin forever, that’s just an exaggeration from some people here. At the end of the day, all of us are still looking forward to make good amount of returns, that’s why we’re always optimistic when to see the final bull run and finally yield our long awaited profits. Those who probably won’t sell do not actually know the real essence of investing.

Even if there are extremists out there that can stomach holding bitcoin forever, there is only a few of them and the rest won't be able to do that. Even if you are not exactly poor or struggling, it is almost healthy for the circulation for you to sell or use your bitcoins so much and maybe the rich ones are more inclined to spending them and the poor ones are more inclined to never touching one coin.

[Felicity_Tide]

~snip

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.

I don't think buying and selling relates to the network that much, though I understood the angle you're coming from. I'm not an economist, but AFAIK, buying and selling needs to happen, or needs to continue in the market, in order to create a form of market balance. People needs to buy, and people needs to sell as well.

From the basic economics principles that I know, Investors that joins the race to buy in large portion only help to increase scarcity, which drives demand rate higher. When it comes to Bitcoin, this form of scarcity acts as a news for people to buy Bitcoin as well, which raises the price further. The reverse also happens when selling occurs.
But, you are still correct by saying that selling pushes more Bitcoin into circulation.

Those chosing to liquidate are the primary cause of the dip we see. As long as they buy the news/rumors, it either causes them to buy more Bitcoin or sell what they have.

[pawanjain]

Absolutely it is necessary to take profits but I guess the preference really depends from person to person.
Some would like to take short term profits while some would like to take long term and some would go to the extra mile of going extra long.
I don't believe in holding forever but as long as there's not a real need for me to sell my bitcoins I would still prefer to hold it.
If I think that the price is near it's ATH then I might consider selling for short term and buying back but yeah taking profits at times is very necessary.

You have a point. Every thing depend on personal interpretation but I believe it is important always to have several bag which will make bag A to be mainly holding while bag B is for taking profit when the market is at ATH price, and bag C for short term profit in terms of needed an emergency funds to execute something important.
Another thing I see is that some people misinterpret the 'take profit' concept and take profit when the market is not at the new all-time high (ATH) price.

I would say that if you are considering to have en emergency fund, which you should, then it should be in something that is liquid and easily accessible.
May be an FD or something but not in crypto or stocks that can go up or down anytime. We never know and if an emergency comes during a bear market then we would have to sell the funds at a lower price.
So it's better to have those funds in FD or savings with auto-sweep facility.

[henry_of_skalitz]

Even if there are extremists out there that can stomach holding bitcoin forever, there is only a few of them and the rest won't be able to do that. Even if you are not exactly poor or struggling, it is almost healthy for the circulation for you to sell or use your bitcoins so much and maybe the rich ones are more inclined to spending them and the poor ones are more inclined to never touching one coin.

Bitcoin was meant to be spent and used - it's not some sort of real gold with no value besides looking at it and making jewelry out of it.

[suzanne5223]

Absolutely it is necessary to take profits but I guess the preference really depends from person to person.
Some would like to take short term profits while some would like to take long term and some would go to the extra mile of going extra long.
I don't believe in holding forever but as long as there's not a real need for me to sell my bitcoins I would still prefer to hold it.
If I think that the price is near it's ATH then I might consider selling for short term and buying back but yeah taking profits at times is very necessary.

You have a point. Every thing depend on personal interpretation but I believe it is important always to have several bag which will make bag A to be mainly holding while bag B is for taking profit when the market is at ATH price, and bag C for short term profit in terms of needed an emergency funds to execute something important.
Another thing I see is that some people misinterpret the 'take profit' concept and take profit when the market is not at the new all-time high (ATH) price.

I would say that if you are considering to have en emergency fund, which you should, then it should be in something that is liquid and easily accessible.
May be an FD or something but not in crypto or stocks that can go up or down anytime. We never know and if an emergency comes during a bear market then we would have to sell the funds at a lower price.
So it's better to have those funds in FD or savings with auto-sweep facility.

You have a point, but I don't agree with the idea of having a fixed deposit account for an emergency fund, especially since it is seamless to exchange Bitcoin for fiat.
First, if you're going to use a few BTC for an emergency fund, and the market downtrend, it will only lose a few dollars, or cents, sometimes, if calculated in fiat.

Second, there are many crypto cards, each of which we can deposit Bitcoin and have it in fiat currency, which technically secures the volatility aspect of the market. Besides, we can also convert the BTC set for emergency in stablecoin, either, and this is what I always do to use crypto for the payment for goods and services.

[bitzizzix]

What is the purpose of buying Bitcoin, profit right? So if you just hold and keep holding then the goal will not be achieved at all.
Taking profit is a necessary after holding it for some time, because we don't know the future, where the big holders can throw it away at any time, they care about the profit too not just the technology.

Of course, taking advantage of the big profits is necessary. The goal is so that you can enjoy the profits that you have obtained in the long term just to get big profits and enjoying those profits can be proof that you are successful in investing and have the potential to be a motivation to continue buying and buying to collect and also save them for the long term so that you can continue to enjoy those profits and continue to do it without any time limits.
And I have enjoyed the profits that I get from Bitcoin several times after getting big profits and all the goals are good, besides renovating my parents' house I also bought several plots of land and that can also be used as an investment and I really enjoy it because there are many things that I can get while I am involved in Bitcoin that I might not be able to get if I don't know and get involved in Bitcoin.

[melinoe]

What is the purpose of buying Bitcoin, profit right? So if you just hold and keep holding then the goal will not be achieved at all.
Taking profit is a necessary after holding it for some time, because we don't know the future, where the big holders can throw it away at any time, they care about the profit too not just the technology.

Of course, taking advantage of the big profits is necessary. The goal is so that you can enjoy the profits that you have obtained in the long term just to get big profits and enjoying those profits can be proof that you are successful in investing and have the potential to be a motivation to continue buying and buying to collect and also save them for the long term so that you can continue to enjoy those profits and continue to do it without any time limits.
And I have enjoyed the profits that I get from Bitcoin several times after getting big profits and all the goals are good, besides renovating my parents' house I also bought several plots of land and that can also be used as an investment and I really enjoy it because there are many things that I can get while I am involved in Bitcoin that I might not be able to get if I don't know and get involved in Bitcoin.

More to come!

There is no limit to what may be achieved with BTC, as long as the accumulation process goes smoothly and steadily.

[Questat]

If you know your whole point of investing, you wouldn’t argue whether it’s necessary to sell and take profits, or not. Those who come to invest for profits will eventually take time to sell in order to experience profits, while those who have no certain goal why they come to invest in bitcoin will just keep on buying and hodling, until such time will come that they will realize that it pays to sell and take profits than to never sell at all.

Personally, as per my realization, all people who come to invest in bitcoin aim to be in profits, but only the time when to sell and make profits matters. Eventually, people will sell in the long run.

[LogitechMouse]

What is the purpose of buying Bitcoin, profit right? So if you just hold and keep holding then the goal will not be achieved at all.
Taking profit is a necessary after holding it for some time, because we don't know the future, where the big holders can throw it away at any time, they care about the profit too not just the technology.

Yep. It's for profit and nothing more.

We are investing in hopes of making money off of our investments. Buying and holding your Bitcoins for dear life doesn't make any sense at all. I mean I respect their decision still if that's what they wanted, but in my perspective as an investor, you're investing to make money, and not because you want to hold something just because you want to hold it.

Especially now that big institutions are constantly stacking Bitcoins and putting it on their balance sheet, we don't know when these will sell most if not all of their holdings. Blackrock just did sell some of their Bitcoin holdings a few days ago. Also, I don't believe that Michael Saylor will forever hold those Bitcoins that he bought, and at some point, he will sell it, take profit just like what other investors are doing. We don't know the future I agree with it. We might see these institutions selling their holdings TOMORROW or NEXT WEEK.

As an investor, our main priority is to make profit, and nothing more.

[Iranus]

You have a point, but I don't agree with the idea of having a fixed deposit account for an emergency fund, especially since it is seamless to exchange Bitcoin for fiat.
First, if you're going to use a few BTC for an emergency fund, and the market downtrend, it will only lose a few dollars, or cents, sometimes, if calculated in fiat.

Bitcoin is an extremely volatile asset, the price can spike or plummet at any time with just one negative news. Just like when the tariff war broke out, bitcoin was dumped by more than 30%, falling from $109k to below $75k in just a short period of time. Or during bear season, bitcoin is even dumped by 70-80%. What if your savings or emergency fund were bitcoin or stocks?

Speculative assets like bitcoin and stocks are highly volatile in the short term, don't deny it. It would be wrong to say that we will only lose a few dollars or cents by using bitcoin as an emergency fund, and it would be unwise to use speculative assets as an emergency fund.

[AGogi2003]

You make a very good point here because the fact is that you can't hold your coin for ever the best advice for anyone holding a crypto assets is to hold for as much as possible but the truth is that one day you are going to sell because just as you have said selling in one way keeps the coin in circulation, the essence of people investing in Bitcoin is for the purpose of profit making so you will continue to see people selling their crypto assets so that they can make money to solve one or two problems before they can reinvest again

Holding Bitcoin or any other investment for ever is not a good option because your investment is of no use if you can't use it to enjoy the life. But it's also a fact that investing in bitcoin for short term won't give you good return. A good way forward is to invest for long term and use the profit in proper proportion so that you are able to use your Bitcoins and also you don't oversell your Bitcoins. If one is getting close to his target price of Bitcoin then one must not hesitate in selling some of his holdings to get the profit.

I don't think someone can hold is bitcoin or any other crypto forever except you don't have access to it anymore, like loses your secret key. Anyone that hold Bitcoin will definitely sell it out when he as been profitable to it. Many people always says you should keep holding they didn't means you should not sell your coin, meaning you should not sell when you are on losing you should be patient enough to gain back your capital and profit before you sell your coin and be profitable. But some are scared to lose everything, that is why anytime they invest and see the market is shaking they will rush and sold there coin, because they don't want to lose everything in the crypto market.

Bitcoin is profitable, but when you can't hold for long term, he will always be difficult for you as and investors to be profitable on Bitcoin, because he don't used to increase easily he take times before he pump deeply. If you need profit keep holding thing you reach your goals, because any target you set before selling your coin he will definitely reach your target but you need to be patient enough and continue holding for years. you will surely reach your goals.

[shinratensei_]

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.

Selling is fine, it's also part of investing. however, if you are trying to invest in a long term, selling right now seems to hasty.
100k is just the beginning and those big investors like MSTR keep buying BTC, they know whats up while retailer full on dumping.

If you want to realize your profit then go ahead, you have all the right to do so.
But don't be surprised if the institutional funds keep accumulating BTC and at some point retailer have low amount of BTC left for them.

[pawanjain]

You have a point, but I don't agree with the idea of having a fixed deposit account for an emergency fund, especially since it is seamless to exchange Bitcoin for fiat.
First, if you're going to use a few BTC for an emergency fund, and the market downtrend, it will only lose a few dollars, or cents, sometimes, if calculated in fiat.

I don't think it will be few dollars but may be few hundred dollars. It depends on how much you hold for an emergency fund.
While everyone has their own budget, it should at least cover 3 to 6 months of your expenses.
So even if you hold, lets say around $2000 in bitcoin and if the price drops 10% then you would still lose $200.

Second, there are many crypto cards, each of which we can deposit Bitcoin and have it in fiat currency, which technically secures the volatility aspect of the market. Besides, we can also convert the BTC set for emergency in stablecoin, either, and this is what I always do to use crypto for the payment for goods and services.

Oh yeah, stable coins are a good option. That would solve the problem