Why are you taking profit on bitcoin?

[Koadharber]

Again, many people trade Bitcoin for a short time so that they can make profits soon, however, investing at any stage should be long-term, which reduces the risk. If you run to make a large amount of profit in a short time, there can certainly be a possibility of big risks, so it is necessary to discuss all the issues and then invest or trade.

Those who have knowledge about or fully understand. They always invest as well as trade. But is it in bitcoin? It is not sure if only Bitcoin should be used to invest, then the future will be improved. But other coins should take more to trade. If it's a shitcoin then you should be careful because any time the market falls a bit, that coin should not crash. To trade requires a lot of knowledge. For what not everyone can do, I would say move towards investing instead of trading. By doing this, the loss will be less and if you hold for a long time, it will be profitable.

This is one of the main differences between traders and investors traders usually look for quick profits and short-term price movements while investors focus on long-term value and growth when you trade bitcoin in short intervals you expose yourself to volatility and emotional stress because the market can move sharply in any direction within hours or even minutes a single wrong prediction can wipe out weeks of profit and that’s why short-term trading requires strong technical skills and constant attention to the charts. Long-term investment on the other hand lets you take advantage of bitcoin’s historical pattern of growth over time if you buy and hold during both bull and bear markets you reduce your exposure to temporary dips and benefit from the overall upward trend patience becomes your greatest advantage here it’s not about timing the market but about time spent in the market.

And you’re right that diversifying a bit outside bitcoin can be useful but only if you understand what you’re investing in some altcoins have potential but many are unstable or even scams especially those created just for hype or speculation so it’s smart to stick with solid projects that have real use cases and communities behind them. In the end not everyone is built for trading because it demands constant analysis, emotional control, and quick decision making but everyone can be an investor with a clear goal and discipline focusing on long-term accumulation and holding through volatility is still one of the safest ways to benefit from bitcoin’s future potential.

[Wiwo]

Of course, when investing in Bitcoin, we should not only consider the profit side, but we should also consider the loss side. Those who are real investors hold their investments for a long time, they do not only make profits but also hold Bitcoin with the aim of building a bright future for their future generations. However, they invest in Bitcoin with the aim of making profits, they hold it for 5 to 10 years and then make profits.
Again, many people trade Bitcoin for a short time so that they can make profits soon, however, investing at any stage should be long-term, which reduces the risk. If you run to make a large amount of profit in a short time, there can certainly be a possibility of big risks, so it is necessary to discuss all the issues and then invest or trade.

As i have always stated in my comments about reasons why bitcoin investors lose sometimes, the reality that we face today is for sure the product of our expectations and working; so there for, instead of putting in short tern target that either put the investors on pressure or possible loses, is better to at least give bitcoin investment some level of benefits of doubts that keep the investors on checks while he observe the market.

Bitcoin shouldn't be taken for short term trading targets unless you are ready to gamble with the market on positions but you must also be ready for risks and dangers that come with opening such trading positions.

So for that reason, investors prefer to go for bitcoin long term investment that at leasr lower their short term risks and increase their profits possibilities.

[Sonia_123]

If bitcoin is the only investment you have, then taking profit to solve your personal needs or growing and diversifying in other business is not a bad idea, because as soon as you are doing well in whatever business you must have diversify into, you will also invest back into bitcoin, as long as you are not tempering with your bitcoin investment capital and you have reached your over accumulation stage, taking profit is not bad to be used for your pressing needs, but if you have other investment it is advisable not to temper your bitcoin investment, just keep hodl for as long as bitcoin continue because the profit you will get at the end of your investment will be more profitable that now which might be amounting to x10 or even far above that, therefore keep hodl while bitcoin continues.

[goldkingcoiner]

I do not take profit. And I keep my money in Bitcoin and any profits also in Bitcoin. It has worked out great so far. 

I would rather keep a minimal amount of fiat in my portfolio. No amount of fiat would be optimal, but the transistion into the new generation of money is incomplete and we are all only at the beginning of that journey. Fiat is still necessary, unfortunately.   

[martinex]

I do not take profit. And I keep my money in Bitcoin and any profits also in Bitcoin. It has worked out great so far. 

I would rather keep a minimal amount of fiat in my portfolio. No amount of fiat would be optimal, but the transistion into the new generation of money is incomplete and we are all only at the beginning of that journey. Fiat is still necessary, unfortunately.   

That's right, sir, and we haven't entered a new era that demands everything to be digital. In fact, until now, in various places, including where I live, people still carry out many conventional transactions when making purchases, such as buying daily necessities.

[Aanuoluwatofunmi]

To make profit is part of our aim for investing, so if we are trading or investing, then selling to take profits and also reinvested back after selling high to buy low, this has been found more interesting to do as well as a profitable approach, so you can discover that some are selling to take profits and also invest back into it, after they must have found that this could be the best method for them to be profitable with the market behaviors.

[JoyMarsha]

We are not going to hodl Bitcoin forever, remember that. Everyone of us has a particular time and price (year) we are hodling our Bitcoin to. The moment Bitcoin gets to that price or year, we will be like to sell our Bitcoin for profits. That action is not a bad one you know, because the reason we are investing in Bitcoin is to grab future profits. Remove profits from Bitcoin investment, you will find many people not interested in investing in Bitcoin.

[Proty]

We are not going to hodl Bitcoin forever, remember that. Everyone of us has a particular time and price (year) we are hodling our Bitcoin to. The moment Bitcoin gets to that price or year, we will be like to sell our Bitcoin for profits. That action is not a bad one you know, because the reason we are investing in Bitcoin is to grab future profits. Remove profits from Bitcoin investment, you will find many people not interested in investing in Bitcoin.

Every investor do have investment timeline as per how long they intend to hold there bitcoin before they will ever think of selling. Taking profit from our investment especially when we have accumulated a good amount of it in our portfolio isn't a bad idea. It is only when we decide to sell off all our bitcoin and then become a no coiner that is only when the idea is bad. It is not everybody that invested in bitcoin for the sake of making profit, some want to store value and bitcoin has proven it's worth asking a good store of value.

[₿itcoin]

Yes bro, I pretty much agree with you. Everyone has their own strategy, some want to solve problems quickly, some want to move forward with a longterm plan.  But I think taking profits is not wrong, as long as you do it based on logic rather than emotion. For example, if you need a house, then you could sell some SATs &  buying a house, or reinvesting in your business or moving money into solid assets if you need,,,

Personally, I try to take profits only when i need to buy somethin otherwise i would like to HoDL. Bitcoin is still in its early stages, and patience is always more valuable than panic selling

[Fuso.hp]

When we invest or trade, our main objective is to make a profit, but if we think too much about our profit, we will never be able to hold our investment for a long time. Initially, when we plan a continuous investment, we should forget about the thought of temporary profit, but rather we should consider our investment as an important task. If we consider investment as savings and can invest in Bitcoin continuously for a long time, then I think it is better for us to consider it as accumulation. Again, if someone thinks that investing in Bitcoin is a good financial support for him in the future, then he can invest continuously thinking of this. That is, the real objective of investors should be to hold the investment for a long time and take profit from investing in Bitcoin after a long time.

[Republikcoin.com]

That's right, sir, and we haven't entered a new era that demands everything to be digital. In fact, until now, in various places, including where I live, people still carry out many conventional transactions when making purchases, such as buying daily necessities.

Over time, this will certainly change, and I'm sure that in your city, well-known supermarkets have already implemented digital payments, allowing customers to purchase anything they need. So, try conducting a survey in major cities or a city near you to compare and calculate the percentage of conventional transaction users versus digital users when paying for daily necessities. Believe it or not, this trend will continue to shift due to changes that no one can stop, as it is part of the influence of today's technology.

[bakasabo]

I understand well why people, who posses themselves as holder or claim that will sell bitcoin only if they are really need fiat money, take profit and sell. People need their faith into bitcoin to be strengthen, people need a motivation (a reward) that will keep them continuing what they are doing. Being a crypto enthusiast does not mean to be a samurai "who does not have a goal, but has only a path".

[Skydrill]

Again, many people trade Bitcoin for a short time so that they can make profits soon, however, investing at any stage should be long-term, which reduces the risk. If you run to make a large amount of profit in a short time, there can certainly be a possibility of big risks, so it is necessary to discuss all the issues and then invest or trade.

Those who have knowledge about or fully understand. They always invest as well as trade. But is it in bitcoin? It is not sure if only Bitcoin should be used to invest, then the future will be improved. But other coins should take more to trade. If it's a shitcoin then you should be careful because any time the market falls a bit, that coin should not crash. To trade requires a lot of knowledge. For what not everyone can do, I would say move towards investing instead of trading. By doing this, the loss will be less and if you hold for a long time, it will be profitable.

This is one of the main differences between traders and investors traders usually look for quick profits and short-term price movements while investors focus on long-term value and growth when you trade bitcoin in short intervals you expose yourself to volatility and emotional stress because the market can move sharply in any direction within hours or even minutes a single wrong prediction can wipe out weeks of profit and that’s why short-term trading requires strong technical skills and constant attention to the charts. Long-term investment on the other hand lets you take advantage of bitcoin’s historical pattern of growth over time if you buy and hold during both bull and bear markets you reduce your exposure to temporary dips and benefit from the overall upward trend patience becomes your greatest advantage here it’s not about timing the market but about time spent in the market.

And you’re right that diversifying a bit outside bitcoin can be useful but only if you understand what you’re investing in some altcoins have potential but many are unstable or even scams especially those created just for hype or speculation so it’s smart to stick with solid projects that have real use cases and communities behind them. In the end not everyone is built for trading because it demands constant analysis, emotional control, and quick decision making but everyone can be an investor with a clear goal and discipline focusing on long-term accumulation and holding through volatility is still one of the safest ways to benefit from bitcoin’s future potential.

For those who trade Bitcoin for a short period of time just to make quick profit, I think this is as a result of the goal they have set for themselves, a short term goal, which they might consider as a good strategy for them.

As quickly rewarding as it may seem, it doesn't really engender good and sustainable profit as an investment could reward you in a long term which is why it is quite safe to invest than trading, trading can only give you a short term profit and there are lots of dangers attached to it whereas investing gives you the opportunity to grow your investment over time with great deal of profit in view.

[Juicyhome]

I understand well why people, who posses themselves as holder or claim that will sell bitcoin only if they are really need fiat money, take profit and sell. People need their faith into bitcoin to be strengthen, people need a motivation (a reward) that will keep them continuing what they are doing. Being a crypto enthusiast does not mean to be a samurai "who does not have a goal, but has only a path".

Yeah the plan for investment is to have interest and if you have gained interest you will withdraw and sort other things on your mind, taking profit is allowed in Bitcoin investment, provided you don't sell out your capital to sort your matter rather withdraw profit only.

Bitcoin profit should be use to purchase other coins or use in stock market if you wish, but a good Bitcoin investors will rather buy more than to withdraw profit. It's all about your pocket if you are stable you can hold both Bitcoin profit and capital.

[UmerIdrees]

I understand well why people, who posses themselves as holder or claim that will sell bitcoin only if they are really need fiat money, take profit and sell. People need their faith into bitcoin to be strengthen, people need a motivation (a reward) that will keep them continuing what they are doing. Being a crypto enthusiast does not mean to be a samurai "who does not have a goal, but has only a path".

I think taking profit in Bitcoin is not bad specially when you know that we are at the almost end of this bull cycle and their high chances that Bitcoin will retrace 50 to 60% in the bear market. However one should be careful not to sell everything but only takes partial or half of the profits and keep the rest Bitcoin safe with them probably not even selling them even in the end of the bull season. Also we know that the Bitcoin is near the peak but the institution demands may not bring that brutal bear market this time.

[icebar]

4. ⁠lastly Buying Altcoins are not diversification means so do not take profit from bitcoin to buy Altcoins.

There are many people who buy altcoins, especially those who are new, and these mistakes are often seen. Even if the market is a little bullish, they sell their saved Bitcoins in the hope of making more profit and reinvest that money in altcoins. Those who get too excited about market movements are likely to lose. After buying an altcoin, there is no possibility of long-term returns by holding it, but if someone holds Bitcoin, then in the long run they can definitely get significant returns from Bitcoin.

[Odusko]

Why should I invest in Bitcoin if I am not going to take some profits and put it into good use along the line, because Bitcoin have offered several opportunities for it investors to take some profits at it present itself, the smart way is not to hold your Bitcoin for a long term alone but the smart way is to know that advantage position for both your exit and entry points.

[macson]

I think taking profit in Bitcoin is not bad specially when you know that we are at the almost end of this bull cycle and their high chances that Bitcoin will retrace 50 to 60% in the bear market. However one should be careful not to sell everything but only takes partial or half of the profits and keep the rest Bitcoin safe with them probably not even selling them even in the end of the bull season. Also we know that the Bitcoin is near the peak but the institution demands may not bring that brutal bear market this time.

Taking a small profit from your hold is not a problem, because that is the purpose of investing to make a profit. You can sell partially and while still investing consistently. With this approach, you can maintain a balance between enjoying investment returns and building long-term investments.

What's a bit wrong with selling your entire holding just to capture a temporary profit is that you'll miss out on potentially much larger long-term gains, and you might regret it because Bitcoin's price could rise again after you sell.

Many investors focus too much on short-term gains without considering long-term growth potential. This prevents them from building a solid portfolio over the long term and misses out on potentially maximizing profits.

[uneng]

Why should I invest in Bitcoin if I am not going to take some profits and put it into good use along the line, because Bitcoin have offered several opportunities for it investors to take some profits at it present itself, the smart way is not to hold your Bitcoin for a long term alone but the smart way is to know that advantage position for both your exit and entry points.

It makes no sense to invest in Bitcoin if you don't use the profits achieved at some point. Personally, I've lost the opportunity of selling Bitcoin in previous cycles. I always waited for too long expecting price would continue rising without limits, then I was surprised by crashes and bearish markets which came on the sequence.

This time I promised myself it would be different and that I would put Bitcoin into good use. And so I had from the halving of 2024 on, and I'm quite satisfied for having decided that.

Investors have to set long term goals instead of holding their coins forever without any plans in mind. Remember, money exists to serve us, and not the opposite. You have to respect your money, but never becoming its serf.

[l99l]

Making investments is not the only way to live this life. Yes we shouldn’t be buying liabilities no matter how rich we ger but what’s the point if we keep saving like a monk and never enjoy the wealth we created? When we die our kids will be having a feast on what we have left to them. So, we need to have some fun too.

I don’t blame anybody selling his bitcoins for whatever reason for that matter. Lambos, girls, gambling (as long as he is a responsible player), buying a house, a car… These are all valid reason if you ask me.

Gotta enjoy what life has to offer sometimes. It is more fun like that

What if we were to save money for the rest of our lives? It's pointless if you don't spend the money you earn.
There are so many things you can do with your money, not just for fun. It can be spent on education and travel, and the returns are far greater than the actual money itself.
I'm not against saving and savings, especially when it comes to Bitcoin. While saving is absolutely necessary, I'm trying to emphasize that saving shouldn't be the sole focus.