People taking profit is necessary

[Maslate]

Holding bitcoin is good as it gives you advantage to increase the price of your bitcoin first before you decide to sell it. The longer you hold your coins, the more valuable they may be. However, if you tend to hold without no plans of selling it anymore, even 5-10 years after, that’s already a whole different story. You are not hodling your bitcoin anymore for the sake of bigger, future profits, but just to satisfy your greediness in the future.

Taking profits is necessary, no matter how long you decide to hold your coins. In the end, earning good amount of returns is still the same, original goal so you have to sell and take your profits.

[Davidvictorson]

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 agree that it is a different approach and thank you for this. I have been a fan of taking profits where you have met your set goal and also holding when you haven't. And because of this circulation, the market will continue to be active but if we have more people taking profit that is something that doesn't should faith in the network. There has to be a balance between those who are taking profit and those who are buying and holding. That is the equilibrium to maintain a healthy activity of the market.

[Japinat]

You know, I kind of disagreeing on the part to hold your bitcoin no matter what. We shouldn’t forget that bitcoin has a very unstable value, the bullish price today will not guarantee that it will become more bullish in the next days, months or years. Reality is, it could even lose its value all of a sudden without us knowing and control.

Yes, that’s very true. No one can be certain what will be the future price of bitcoin. While hodling may probably bring more future profits then, but the fact that bitcoin can be very uncertain in time, hence it’s time for us to take time to sell whenever there are opportunities to sell. Sell when there are profits, hold when the price isn’t suitable to sell.

[Ndabagi01]

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.

Bitcoin holding actually differs for everyone how they wish to hold and how long they wish to hold. Two years back, if you’d invested in bitcoin, with the current price of bitcoin, you would have made x2 of your investment and it is still a good time to cash out your investment. Those long time investment may be to get maximum returns on your investment, like buying at the barest low at the time of buying and selling at maximum at the time of selling.

I will just picture a perfect holding for an investor should be a minimum of 4 years, because that’s the cycle of bitcoin which it records the bearish and bullish trend. With good information of the market, you’ll make the big gains from this investment within that period. If you then intend to continue holding for the longer time for good gains, you just need to be patient to battle through the market volatility to achieve your result.

[aoluain]

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.

Its about timing, In April 2024 Bitcoin was valued at around $52,000 and in
just over 12 months it has more than doubled, there is no other investment which
has produced a return like that in the last 12 months.

We are approaching a potential Bear market so for an investor it would make sense
to NOT HODL and wait for the end of the Bear market to go again.

There are a lot of people who advocate for taking profits.

The OP is right though, its good for the network to move coins and anyway
its never going to happen for everybody to HODL, everyone has different life
experiences and ambitions and they dont all mount up to HODLing everything
for 5 to 10 years.

[Zoomic]

You know, I kind of disagreeing on the part to hold your bitcoin no matter what. We shouldn’t forget that bitcoin has a very unstable value, the bullish price today will not guarantee that it will become more bullish in the next days, months or years. Reality is, it could even lose its value all of a sudden without us knowing and control.

A very rich man can decide to hold bitcoin forever and there's no problem with it. He can leave it as an inheritance for his children and continue to enjoy his present life since he is wealthy, there's no problem with that. But a man who has no stable business or well paying job, no house, no cars, shouldn't be holding bitcoin adamantly. Sell some and upgrade your lifestyle.

Yes, that’s very true. No one can be certain what will be the future price of bitcoin. While hodling may probably bring more future profits then, but the fact that bitcoin can be very uncertain in time, hence it’s time for us to take time to sell whenever there are opportunities to sell. Sell when there are profits, hold when the price isn’t suitable to sell.

I agree that we should sell, atleast some portion of not all. Nobody knows tomorrow. WW3 could break out tomorrow and the market dips for years😂

[Baki202]

Holding bitcoin is good as it gives you advantage to increase the price of your bitcoin first before you decide to sell it. The longer you hold your coins, the more valuable they may be. However, if you tend to hold without no plans of selling it anymore, even 5-10 years after, that’s already a whole different story. You are not hodling your bitcoin anymore for the sake of bigger, future profits, but just to satisfy your greediness in the future.

Taking profits is necessary, no matter how long you decide to hold your coins. In the end, earning good amount of returns is still the same, original goal so you have to sell and take your profits.

And the best thing that has happened to a lot of people is the fact that they have decided to actually decide to hold, and holding is not just by saying it, it is an act that you actually have to practice. The aim is usually to hold till the price increases, but another mistake people make is to sell very early because of some circumstances, according to them. Hence, there is a way that you can discipline yourself not to sell because of needs.

And when the decision to hold is made, then the goal is you have to just hold for a very long time. You have to be very dedicated because there are a lot of challenges that come with it, especially when you are holding. It is only a few people who are able to hold and withstand whatever comes their way because dealing with money is not something that is easy as we think. But it's all from the mindset.

[Ziskinberg]

I believe despite how bullish the market is, it’s still a safer way to take profits when there are opportunities to enjoy profits. Though it’s never compulsory but it’s certainly necessary. Holders gonna hold with an indefinite time, but at the end of the day, it’s still a necessity to sell and enjoy the fruits of your patience and long term hodling.

However, we can’t do nothing with those who still chose to keep hodling their bitcoin. That’s their right and no one can lead their investment more than them. But at least they will realize that bitcoin may won’t take forever, so if they can take time to sell and gain their hard-earned profits, much better.

[Zaguru12]

~

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.

I totally disagree with both of you that bitcoin profit taking should be actually based on time rather I think profit taking should in my own opinion be base on price. As an investor one of the main factors in any successful investment is simply when to take profit, yes the best form of investing into bitcoin is simply to hold for a very long term but while waiting I think you should already have target price when specific profits will be taking.

For example the take profit of bitcoin around $200k price can be triggered or not triggered this year, in terms like this imagine profit target hitting this year then there is no need to actually wait for the year to reach before taking profit. It should simply be base on a price target and one shouldn’t allow the euphoria of the market sometimes stops them from taking profits

[Joy- maker]

~

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.

I totally disagree with both of you that bitcoin profit taking should be actually based on time rather I think profit taking should in my own opinion be base on price. As an investor one of the main factors in any successful investment is simply when to take profit, yes the best form of investing into bitcoin is simply to hold for a very long term but while waiting I think you should already have target price when specific profits will be taking.

For example the take profit of bitcoin around $200k price can be triggered or not triggered this year, in terms like this imagine profit target hitting this year then there is no need to actually wait for the year to reach before taking profit. It should simply be base on a price target and one shouldn’t allow the euphoria of the market sometimes stops them from taking profits

if you are saying that taking profit in bitcoin should be base on prices that means you are missing things up, because the last time I checked people who normally take profits base on price are mostly traders  not  investors who are holding for long term, as an investor profits taking are most  base on time(long term holding)and price, because the longer you hold the more bitcoin price increase with time and you will be in massive profits, less take a break and look into the price history of bitcoin and imagine how profitable those who bought bitcoin back then, less say in 2015 and hold onto it till this year 2025.

[AmoreJaz]

I believe despite how bullish the market is, it’s still a safer way to take profits when there are opportunities to enjoy profits. Though it’s never compulsory but it’s certainly necessary. Holders gonna hold with an indefinite time, but at the end of the day, it’s still a necessity to sell and enjoy the fruits of your patience and long term hodling.

However, we can’t do nothing with those who still chose to keep hodling their bitcoin. That’s their right and no one can lead their investment more than them. But at least they will realize that bitcoin may won’t take forever, so if they can take time to sell and gain their hard-earned profits, much better.

It is their prerogative how they will strategize in this market, so they can earn more profit. Because it is on their own accord how they will acquire their trading skills, as it needs time before someone can have a good grasp on what they are doing. Most people who at their early stage of getting involved in crypto thought that it is quite easy to earn profit from this market. But later on, they will realize that it is not. Because you need strategy to come up with in order not to liquidate your position. As there are so many trading variables involved, it is not an easy feat to venture this tedious activity. For one, you need time to dedicate on this, otherwise, you won't achieve your targets.

[qwertyup23]

This is the perfect example where we should view our investments primarily as money or savings. I mean, the reason on why we have investments in the first place is because we have excess cash that we can put into our savings and we let it mature overtime.

I agree with what you said, OP. Our investments serve a sole purpose- for our use and benefit once we have decided that we need to use it. There's actually no point of seeing your investments primarily as investments if you're not going to liquidate  them at some point.

In conclusion, investments form part of your whole financials. In case of emergency and you have exhausted your emergency funds, feel free to liquidate your investments for that extra cash in need.

[Cryptmuster]

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.

Bitcoin has long secured its place on the market, and the market is the circulation of an asset. Some people will hold, some will sell, and there will be those who trade, buying and selling very frequently. This is what the circulation of an asset on the market is. That is why I believe that the recent news trying to manipulate the market by saying that Bitcoin is being sold and therefore the market will fall, I don't agree with that. Because if there are sales, there are also purchases, and Bitcoin has been holding above 100k for quite a long time now. This shows that it is holding strong on the market and there is constant demand for it.

[Zaguru12]

if you are saying that taking profit in bitcoin should be base on prices that means you are missing things up, because the last time I checked people who normally take profits base on price are mostly traders  not  investors who are holding for long term, as an investor profits taking are most  base on time(long term holding)and price, because the longer you hold the more bitcoin price increase with time and you will be in massive profits, less take a break and look into the price history of bitcoin and imagine how profitable those who bought bitcoin back then, less say in 2015 and hold onto it till this year 2025.

You’re still saying the same and I repeat that using time to actually take profit doesn’t sit well as I said except you’re going for a very long term plan which is like for a retirement benefits. For example a potential retiree might invest into bitcoin for more 10 years and take profit after that period base on bitcoin history it will be in profit but for someone like a serial investor the best option to me can be using price target.

For example you intend to see your portfolio getting 10x profit I don’t think you can actually put a time on something like this, one can say in 10 years but there can be a probability that this can not be reached before then or it can actually get hit before then, so if there is variance in time should I take or not take profit when it triggers or doesn’t triggers?

For me the best is to set a price target like for example $200k if it triggers this year take the profit if not wait till another time it gets triggered

[Joy- maker]

if you are saying that taking profit in bitcoin should be base on prices that means you are missing things up, because the last time I checked people who normally take profits base on price are mostly traders  not  investors who are holding for long term, as an investor profits taking are most  base on time(long term holding)and price, because the longer you hold the more bitcoin price increase with time and you will be in massive profits, less take a break and look into the price history of bitcoin and imagine how profitable those who bought bitcoin back then, less say in 2015 and hold onto it till this year 2025.

You’re still saying the same and I repeat that using time to actually take profit doesn’t sit well as I said except you’re going for a very long term plan which is like for a retirement benefits. For example a potential retiree might invest into bitcoin for more 10 years and take profit after that period base on bitcoin history it will be in profit but for someone like a serial investor the best option to me can be using price target.

For example you intend to see your portfolio getting 10x profit I don’t think you can actually put a time on something like this, one can say in 10 years but there can be a probability that this can not be reached before then or it can actually get hit before then, so if there is variance in time should I take or not take profit when it triggers or doesn’t triggers?

For me the best is to set a price target like for example $200k if it triggers this year take the profit if not wait till another time it gets triggered

I like your first paragraph all what you said there has some sense in it, first of all before you dive into bitcoin investment you have to set a clear goal with a realistic target, if you goal is to invest in bitcoin to save up for your retirement you don't have to be in a hurry to take profits your bitcoin holding should last at least 10 years and above, while on the other hand if your target is to take profits when bitcoin turn 10x or 20x and your holding isn't up to up 5 years, less say  bitcoin made 20x in 2 years you can take profits since you have already achieved your target there is no problem with that, beside not all investors can be patient enough to hold their bitcoin investment up to 5 years talk more of even holding for 10 years or more, but all the same before you start accumulating bitcoin set a clear investment goal and do things the way it pleases you don't follow other investors who there thinkings are yours is not the same and remember there is no rule that said it's how long your bitcoin holding should last before you can take profits.

[BitBakerr1]

if you are saying that taking profit in bitcoin should be base on prices that means you are missing things up, because the last time I checked people who normally take profits base on price are mostly traders  not  investors who are holding for long term, as an investor profits taking are most  base on time(long term holding)and price, because the longer you hold the more bitcoin price increase with time and you will be in massive profits, less take a break and look into the price history of bitcoin and imagine how profitable those who bought bitcoin back then, less say in 2015 and hold onto it till this year 2025.

You’re still saying the same and I repeat that using time to actually take profit doesn’t sit well as I said except you’re going for a very long term plan which is like for a retirement benefits. For example a potential retiree might invest into bitcoin for more 10 years and take profit after that period base on bitcoin history it will be in profit but for someone like a serial investor the best option to me can be using price target.

For example you intend to see your portfolio getting 10x profit I don’t think you can actually put a time on something like this, one can say in 10 years but there can be a probability that this can not be reached before then or it can actually get hit before then, so if there is variance in time should I take or not take profit when it triggers or doesn’t triggers?

For me the best is to set a price target like for example $200k if it triggers this year take the profit if not wait till another time it gets triggered

I like your first paragraph all what you said there has some sense in it, first of all before you dive into bitcoin investment you have to set a clear goal with a realistic target, if you goal is to invest in bitcoin and save up for your retirement you don't have to be in a hurry to take profits your bitcoin holding should last at least 10 years and above, while on the other hand if your target is to take profits when bitcoin turn 10x or 20x and your holding isn't up to up 5 years, less say  bitcoin made 20x in 2 years you can take profits since you have already achieved your target there is no problem with that, beside not all investors can be patient enough to hold their bitcoin investment up to 5 years talk more of even holding for 10 years or more, but all the same before you start accumulating bitcoin set a clear investment goal and do things the way it pleases you don't follow other investors who there thinkings are yours is not the same and remember there is no rule that said it's how long your bitcoin holding should last before you can take profits.

Joy- maker you are right everyone has there own target as an investor but I believe if you are holding and you can't hold for 5 years up you are a trader, you can't call yourself an investor if you are just holding for 2 or 3 years.
Some people are not patient when holding those set of people are traders, as an investor you most hold for 5 years and above.
Yes you are right that there is no rule that stated how long your bitcoin holding should last before you can take profits but there's a difference between a trader and an investor and those that holds from 4 years down are trader and those who are holding from 5 years and above are investors.

[DeathAngel]

Because markets move in cycles Bitcoin can soar but it also crashes hard. Taking profit locks in gains & reduces risk. You’re not “selling out,” you’re being smart. No one ever went broke taking profit but plenty went broke holding too long waiting for the next peak.

[kotajikikox]

Because markets move in cycles Bitcoin can soar but it also crashes hard. Taking profit locks in gains & reduces risk. You’re not “selling out,” you’re being smart. No one ever went broke taking profit but plenty went broke holding too long waiting for the next peak.

Unless you pull out your holdings due to FUD, then you can most likely get more profit no matter where you sell. As long as you have already taken profit, you won’t go broke but you might feel regret because had you waited you might have earned more. Either way, you can be content already once you have taken profit whether big or small profits.

[Pandorak]

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.

This makes perfect sense and is highly recommended for those with limited capital who are hoping to generate profits in the short term. Trading is the solution; you can use scalping, intraday, or swing techniques, which may only take a few weeks to generate profits, depending on your best strategy for making money in the market.

Buying when prices are falling and selling gradually as prices rise is also a strategy, and technical analysis is essential here. For example, when prices are falling or correcting, you may feel tempted to buy, but the issue is that we don't know how low prices might drop. With technical analysis, we can identify specific points where prices may pullback or reversal, such as at support zones or demand levels. These are areas where price reversals often occur because many buyers have placed buy limit orders there. We can join in and buy at these prices.

[JoyMarsha]

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.

I don't think there is an investor or institution who bought Bitcoin that doesn't have the intention of making profits. The profit making is the intention behind Bitcoin investment by many. If Bitcoin had not been giving investors the desired profits they look out for, in the long run, I don't think it would be attracting investors the way it does. Many investors would have let go of investing in Bitcoin long ago because they will feel that Bitcoin didn't provide them with any profit and that there was no need to invest in it.