People taking profit is necessary

[GbitG]

By all means you can take profit when your Bitcoin gets return on investment, afterall it is your money and you are the one that worked hard to make the money that you used to accumulate Bitcoin. I am an advocate of taking some profit in the bull run, you can take some percentage as a reward to enjoy yourself because you don't know when bear run will start and the value will begin to dump. But if you can hold for 10 years and more without taking any profit that is a personal decision and I respect it because it is not easy. But again nobody can hold their Bitcoin forever, there will always be a time to take some profit, sell part of your stash or sell off, how long depends on what every holders wants because it is their money.

Hmmm, I also think that's what people should do with their Bitcoin holdings because, for me, it doesn't make any sense that if you keep holding without taking any profit at all. I think they need to make a plan about it and mark a TP for their holding and once those TP are hit, they shouldn't hold back and then think they are going to get more profits if they keep it holding. It can happen, and they might get a higher profit, but keep in mind that there is always a possibility of the opposite happening because if prices start to reverse, then they will be regretter by not taking profit.

Apart from this we all know that the market is unpredictable and anything can happen at any time. So that's why whenever you have chance for taking the profit then probably take it instantly or even for the rest because there is no guarantee for the sentiment...

[vikramvedha242]

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.

Sometimes selling is necessary because everyone has their own reason, but holding is very very important because from the beginning to till now the value of the bitcoin is increasing very high no one knows this kind of growth came to bitcoin, but if the situation is very important between holding and selling bitcon choose wise decisions is based on your situation and needs.

[Agbe]

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

[Sanitough]

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

The moment you sell and pass your coins to the others, that also gives opportunity for new investors to own bitcoin. So this is more on buying and selling option, so that the coin circulation continues.

However, if you chose to hold your coins like there’s no plan to sell and make profits, that’s also your freedom, but that won’t make you profitable since it only comes from selling where profits can be possible. Other than that, if you keep on buying and hodling, profits keep on delaying, but maybe those people have not yet find the right timing to sell to unlock their goal amount of profits.

[Leahized]

Sometimes selling is necessary because everyone has their own reason, but holding is very very important because from the beginning to till now the value of the bitcoin is increasing very high no one knows this kind of growth came to bitcoin, but if the situation is very important between holding and selling bitcon choose wise decisions is based on your situation and needs.

Bitcoin also needs to be sell for personal reasons, but if you do the right time, there is sufficient profit. If Bitcoin holds hold, then it is better not to sell now because it is not the perfect time to sell bitcoin. Moreover, a person should spend some of the savings from there. Just as technology is moving from improvement, the price of bitcoin is increasing day by day. However, it is normal for any container to hold Bitcoin all the time. And should go ahead by considering the direction of the future. Bitcoin should pay more attention to holding than sell because the price of Bitcoin will increase much more in the future, which will go beyond the interests of many.

[maydna]

Sometimes selling is necessary because everyone has their own reason, but holding is very very important because from the beginning to till now the value of the bitcoin is increasing very high no one knows this kind of growth came to bitcoin, but if the situation is very important between holding and selling bitcon choose wise decisions is based on your situation and needs.

People can sell when they are profit but most people who can not control their emotion will panic selling. They can not hodl any longer especially when they see the price dump so hard. It is why we need to learn about hodl on tight Bitcoin when the price is down.

Selling when profit or reach our target will not be a problem because they want to take profit and enjoy it and celebrate it. So before Bitcoin price increase and hit your target, it is better to hodl and accumulate so your Bitcoin amount will increase. That means your profit will also bigger when the price rise.

[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.

[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.

[noormcs5]

Sometimes selling is necessary because everyone has their own reason, but holding is very very important because from the beginning to till now the value of the bitcoin is increasing very high no one knows this kind of growth came to bitcoin, but if the situation is very important between holding and selling bitcon choose wise decisions is based on your situation and needs.

To be honest and according to my recent experience, it is necessary to take profits in altcoins however only we can keep bitcoin for long term. In this cycle, people have been very disappointed with the performance of altcoins and those who aren't taking profit from the altcoins are sitting in severe loss. Usually, the spot traders are considered to be safe, but this time, they are really having a hard time. I would suggest everyone to get profits from altcoins whenever they get the chance. The only crypto one can hold for long term in Bitcoin BTC. I hope the retailers will agree with me on this observation.

[Botnake]

I think no one’s gonna hold their coins forever without thinking of selling for them to gain the profits. If ever there is, probably he’s no longer hungry of profits, but his only intention is just to buy and hold, and pass them everything to his children. But still, very few of us would prefer to have this kind of mindset, most especially that majority nowadays are affected with the high inflation of our goods and services prices.

Taking profit is still necessary, no matter on what angle you will try to analyze it.

[Baki202]

Hmmm, I also think that's what people should do with their Bitcoin holdings because, for me, it doesn't make any sense that if you keep holding without taking any profit at all. I think they need to make a plan about it and mark a TP for their holding and once those TP are hit, they shouldn't hold back and then think they are going to get more profits if they keep it holding. It can happen, and they might get a higher profit, but keep in mind that there is always a possibility of the opposite happening because if prices start to reverse, then they will be regretter by not taking profit.

If you don't take profit, that means you are not ready for business because one of the aims of holding is for you to take profit. After all, that is the essence of making money and not just investing without aim. You should have a period you want to hold so that by that time, you will have made the amount of profit you want to make, and then continue with your capital. Sometimes the problem is that people want to make more, but they forget that everyone wants to make a big profit, but the best thing is that they reduce their expectations, even when they want to make more.

Apart from this we all know that the market is unpredictable and anything can happen at any time. So that's why whenever you have chance for taking the profit then probably take it instantly or even for the rest because there is no guarantee for the sentiment...

The market has been very unpredictable. The thing is, just for you, everyone tries to adapt to the conditions of the market, so it is not supposed to be anything new again, and the only people who will be having this issue will be those who are just coming into business newly. But people with knowledge will not have issues.

[Franctoshi]

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.

It all depends on what people/investors actually wants to do with their Bitcoin and you literally do no have control over that.
Bitcoin is an asset class and can be compared to the likes of Gold and landed property, and if people can hold their gold and land properties for a very long period of time before selling them, and why do they want to take profits within a short period of time when it comes to Bitcoin, Profits taking is important and besides that's the essence of every investment but should be done when it's most profitable and that comes with time (long term).

[MusaPk]

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.

[bitbollo]

You can have even One satoshi around that can be dicided many many times and create a new network.
This Is to to not criticize the idea that Bitcoin should not be spent but just to highlight that this form of money could acquire value even if not expense at all!
A totally Crazy thing. This Is the first thing that Is limited in time and space and you can verify by yourself.

[Nheer]

Snip

If you don't take profit, that means you are not ready for business because one of the aims of holding is for you to take profit. After all, that is the essence of making money and not just investing without aim. You should have a period you want to hold so that by that time, you will have made the amount of profit you want to make, and then continue with your capital. Sometimes the problem is that people want to make more, but they forget that everyone wants to make a big profit, but the best thing is that they reduce their expectations, even when they want to make more.

Honestly, taking profit is very important to manage risk and secure funds for other things. But for Bitcoin, I'm not sure it's the best strategy, especially if you're in it for the long term. If you keep selling off your assets for gains you're gonna slow down your accumulation process and might even miss out on some opportunities. And let's be real, after selling you will probably want to buy back in but the price will likely be higher since Bitcoin's value tends to go up over time and given Bitcoin's record over the years I'd rather just hold on and maximize my long-term gains instead of taking profit at intervals.

[BITCOIN4X]

~Snip

Honestly, taking profit is very important to manage risk and secure funds for other things. But for Bitcoin, I'm not sure it's the best strategy, especially if you're in it for the long term. If you keep selling off your assets for gains you're gonna slow down your accumulation process and might even miss out on some opportunities. And let's be real, after selling you will probably want to buy back in but the price will likely be higher since Bitcoin's value tends to go up over time and given Bitcoin's record over the years I'd rather just hold on and maximize my long-term gains instead of taking profit at intervals.

The main goal of investment is to make a profit, but there is a right time to realize it and a wrong time. The target of each investor is of course different, but what is certain is that they aim to make a profit whatever the investment period. If our investment plan is for the long term, then there is no reason why we need to take profits when the price rises 20% of the investment value.

I will sell all the bitcoins I have if I feel the profits I get are satisfactory. Meanwhile I will wait for another cycle to reinvest even if not with all the money I made from previous profits. The average investor will definitely do it, even some large companies will do it if they feel it is necessary.

[Jegileman]

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.

Holding bitcoin for longer time after buying at a very low price means you’ll earn more profits but that doesn’t mean you should hold forever and not take profits when there is a chance to do so while the market is going up and down with it been hit by volatility frequently. Holding five to 10 years is actually okay to earn a good amount of profit but it also depends on much you’ve stacked over those period of years to make you hit good profit.

Also, in a similar instance of someone buying bitcoin during a bearish cycle when the price was at its minimum, if this person buy as much bitcoins, much more than what the person who is holding for 5-10 years have bought, they can make more profit than the person holding for that long and didn’t get to buy at the lowest dip price. This person can make more profit is the market hit its ATH within a period of 3-4 years from the time it was at its lowest. It doesn’t really matter how long you hold but how smart you are making your choices during investment.

[freedomgo]

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.

Still, at the end of the day, one should learn to take some profits when there is opportunity to do it. It isn’t a requirement but it’s the right thing to do, most especially that what we are hodling are such highly volatile and unpredictable coins.

No issues whether you want to hold it longer than the other, but never practice just purely buying and hodling without any intention to sell. One should sell if the current price is giving us such opportunity to make massive profits and enjoy it.

[finaleshot2016]

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.

Holding bitcoin for longer time after buying at a very low price means you’ll earn more profits but that doesn’t mean you should hold forever and not take profits when there is a chance to do so while the market is going up and down with it been hit by volatility frequently. Holding five to 10 years is actually okay to earn a good amount of profit but it also depends on much you’ve stacked over those period of years to make you hit good profit.

Also, in a similar instance of someone buying bitcoin during a bearish cycle when the price was at its minimum, if this person buy as much bitcoins, much more than what the person who is holding for 5-10 years have bought, they can make more profit than the person holding for that long and didn’t get to buy at the lowest dip price. This person can make more profit is the market hit its ATH within a period of 3-4 years from the time it was at its lowest. It doesn’t really matter how long you hold but how smart you are making your choices during investment.

I agree, just because you're the bottom doesn't mean you don't need to take profit.

Maximizing profits is like selling at the top and if there's an opportunity to buy at the bottom, buy again and the cycle will just repeat. Holding is good but of course there are best ways to make a huge profit, sometimes a daily trader or short term trader can beat a long-term holder if played well.

That's the reason why we keep making smart choices, you should always grow and improve on making decisions, you shouldn't go with the flow, you should be the flow in this times.

[|MINER|]

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.

You're trying to say that people are selling, which means Bitcoin is coming back into the market, but the other thing here is that they are selling, which means someone else is buying that Bitcoin. I think of it that way.
I think the main thing here is that mining, Bitcoin mining, is on going and gradually it will touch the maximum supply and Mining will end, but even then it will still be like we are selling Bitcoin to each other or buying from each other.