Hold off your horses

[kotajikikox]

A new ATH has been reached. How much were you tempted to sell and take profit? Maybe treat yourself and your family and also friends to some delicious food. Maybe pay off a debt. Or just buy that one thing you have always wanted to. But hold on because I do not think this is the highest bitcoin will be just yet. Patience gets rewarded so just be patient and we are just starting to see bitcoin's peak this year.

[Takyeon]

It is idiotic to still be tempted about when to sell at this point, anyone who still can't figure this out deserve to roundtrip their bags, Bitcoin bottomed years ago at 15,000 it is already a big profit from the bottom and now it looks like we are already at the top and it will look impossible to accept, it has always feel this way, whenever it feels like the top is not in that is when it is hardest to sell for profits, what many don't know until it is too late is its better to exit the market with profits even if it is not massive enough than to exit with nothing.

[arwin100]

A new ATH has been reached. How much were you tempted to sell and take profit? Maybe treat yourself and your family and also friends to some delicious food. Maybe pay off a debt. Or just buy that one thing you have always wanted to. But hold on because I do not think this is the highest bitcoin will be just yet. Patience gets rewarded so just be patient and we are just starting to see bitcoin's peak this year.

Depends on your plans or intentions on why you buy Bitcoin. Since if you really think that the profit you get is enough already then sell it. There's nothing wrong for thinking about securing your profit since somehow its good that you made a profit rather than regretting on why you didn't sell your Bitcoin and now got badly stress because market is dumping.

But for sure holders are not backing down with their current situation. Since they have straight intention to HODL and maybe we won't see them having those sentiments that they might going to dump their Bitcoin. Usually their intention is to HODL for more years and didn't think about getting any short term gains with Bitcoin.

[Alvin_talk]

A new ATH has been reached.

Since this is an update (news) I suggest you add a link to back it up. I added one for you:
https://blockchainreporter.net/bitcoin-hits-new-ath-at-125559-amid-bullish-momentum/

But hold on because I do not think this is the highest bitcoin will be just yet. Patience gets rewarded so just be patient and we are just starting to see bitcoin's peak this year.

Exactly, you will smile more if you ignore the temptation of selling this period. The longer you hold the better it gets but if your original intent was to short term investment you can trade the profit and maintain your capital.

[retaur]

The price always fluctuates quite a bit I think it makes the most sense to do what feels best for yourself. If you've got some profit and want to take it, then do. If you've got a profit and want to see where it goes then do that as well. Also if you're going to need that money within a year, you might be better selling it now than for a loss.

No one can perfectly predict the top and this new ath is not far away from where we were before.

[CryptoYar]

You are not alone in feeling that when new ATH is achieved you have strong urge to sell and enjoy profit whether you want to treat your family purchase something special or pay off debt. But the greatest saying in this market is to wait since greatest harvests are usually reaped by those who wait beyond first crop. Since Bitcoin has now hit new high it can increase even more rapidly as there are no old resistance levels to keep it down. You are right that this is not top price we will experience this year. Stick to your long term plan and be patient is best thing since much higher peak may be coming soon.

[Helena Yu]

I've sold some.

Previously I sold at $115K, then bought back at $105K and then sold at $125K.

I'm waiting for a new dip and then I will buy it again, but it's only for small amount, my large sum of coins I choose to never touch it.

This is what I expect, even though people said Bitcoin bull run is over because the bull run in this year is different to other bull season, but I'm more believe in history regardless new thing/change happen.

[HONDACD125]

A new ATH has been reached. How much were you tempted to sell and take profit? Maybe treat yourself and your family and also friends to some delicious food. Maybe pay off a debt. Or just buy that one thing you have always wanted to. But hold on because I do not think this is the highest bitcoin will be just yet. Patience gets rewarded so just be patient and we are just starting to see bitcoin's peak this year.

It's tempting, of course, and I wouldn't blame anyone who takes profits, and I'm not talking about selling everything but taking some profits at such a high price is never a mistake because the market is unpredictable, and you never know what might happen tomorrow or day after tomorrow or within a week, etc. So, the only wise thing to do is to keep taking profits, and at least do it until you have securely taken your initial capital out with some profits, and then whatever you hold will be pure profits for you, and even if the price drops, you won't be worried about losing value for your investment because you have already taken your investment amount out with some profits.

I've sold some.

Previously I sold at $115K, then bought back at $105K and then sold at $125K.

I'm waiting for a new dip and then I will buy it again, but it's only for small amount, my large sum of coins I choose to never touch it.

This is what I expect, even though people said Bitcoin bull run is over because the bull run in this year is different to other bull season, but I'm more believe in history regardless new thing/change happen.

You're doing the right thing. I also believe that instead of holding forever and waiting for that perfect price to sell, it's better to just keep taking profits, buy again, and take profit again, because as long as the market is swinging like this, you can make good use of that opportunity until the actual bear run kicks off.

[Nahl]

After several weeks of bearish it is very glad to see the market have raised again and this condition too makes my portfolio value has been increase too but about my crypto investment currently i don't have much bitcoin because i usually bought that used DCA method and seeing bitcoin have reached new ATH is very excited but currently i don't have any plan to sold my bitcoin and take profit because the current prices is not enough to make me to sell all of my bitcoin and in my opinion bitcoin still possible to reach another new ath soon so, i want to hold it and i want to see too at least for next 1 year that at what prices bitcoin will be stopped

[NewRanger]

A new ATH has been reached. How much were you tempted to sell and take profit? Maybe treat yourself and your family and also friends to some delicious food. Maybe pay off a debt. Or just buy that one thing you have always wanted to. But hold on because I do not think this is the highest bitcoin will be just yet. Patience gets rewarded so just be patient and we are just starting to see bitcoin's peak this year.

A new ATH has been reached, although it's only a few points, and this is still the warm-up phase. Currently, if you look closely, the price surge isn't coming from big players or institutions buying; it's just enthusiastic buying from ordinary people like us.
Even if some people are coming and going right now, it's natural that they're taking a bite out of it for a while by selling only what they need, while holding on to most of the rest. The next three months look like they're still looking good.

[cr1776]

Patience is the key here.  Just as it has been.  Sure, if you need to buy a house or pay for a medical procedure or something like that, but I wouldn't be selling to replace bitcoin with fiat.  :-)

[Awaklara]

A new ATH has been reached. How much were you tempted to sell and take profit?

For now, I don't have any plans to sell at the current price. As has happened before, the price of Bitcoin tends to settle with minor fluctuations after reaching a new ATH not far from the previous ATH. We have seen this with previous ATH achievements. There is hope that Bitcoin will reach $130k this month. I also don't want to sell it if that price is reached. But if it reaches $150k this year, I would consider selling a portion.

[Patikno]

A new ATH has been reached. How much were you tempted to sell and take profit? Maybe treat yourself and your family and also friends to some delicious food. Maybe pay off a debt. Or just buy that one thing you have always wanted to. But hold on because I do not think this is the highest bitcoin will be just yet. Patience gets rewarded so just be patient and we are just starting to see bitcoin's peak this year.

I don't think it is time to sell our Bitcoin, we should leave it alone for the long term. Personally, I prefer to distinguish between long-term and short-term wallets, I use my short-term wallet to get profit from price differences, and I use it to predict Bitcoin price increases or decreases (futures or derivatives). Therefore, I think it is wise to keep our long-term wallet undisturbed (not selling Bitcoin), and preserve it as best as possible for our future, especially for financial freedom in old age, when we can't work anymore, so we need to prepare for it.

[YOSHIE]

A new ATH has been reached. How much were you tempted to sell and take profit?

The current situation does not have much impact on small investors, those who buy large amounts of bitcoin will have a large impact on them, I mean large amounts of adoption, maybe they can sell and have fun with delicious dishes.

Unless those who bought Bitcoin in 2020, of course, can now sell it, I see my guess the crypto market is now controlled by large companies and the government, This seems to have no relationship with the new ATH and so on, the proof is that only Bitcoin is skyrocketing, other types of crypto such as not legged, walking in place.

I suspect Bitcoin is currently being utilized by those who want to take a profit once, this will be devastated for other types of crypto, you can say the special market is created only for bitcoin.

[Dr.Bitcoin_Strange]

Hoping to see price get to $150k or $200k before the bear market kicks in, then I will sell more at that price. I don't have intentions to give myself or family any treat yet but will hold the profit in fiat and wait till the bear season is on the ground, then I will buy back more Bitcoin with that money, so that during the next bull season I will have more profit. Even if I decided to sell all my Bitcoin, it won't be enough to help me achieve my goal, unless I hold for more years.

[BIT-BENDER]

A new ATH has been reached. How much were you tempted to sell and take profit? Maybe treat yourself and your family and also friends to some delicious food. Maybe pay off a debt. Or just buy that one thing you have always wanted to. But hold on because I do not think this is the highest bitcoin will be just yet. Patience gets rewarded so just be patient and we are just starting to see bitcoin's peak this year.

Try to take your family and friends regularly for outings, sight seeing and places of connection, time flies so fast and if you blink you may just miss so much opportunities to share a good time to the people you love.
Because you are investing in Bitcoin and waiting for every future all time high should not be the reason you starve yourself of a good time.
You can definitely plan yourself properly set aside funds that will cater for your personal and family needs.

[GreatArkansas]

A new ATH has been reached. How much were you tempted to sell and take profit? Maybe treat yourself and your family and also friends to some delicious food. Maybe pay off a debt. Or just buy that one thing you have always wanted to. But hold on because I do not think this is the highest bitcoin will be just yet. Patience gets rewarded so just be patient and we are just starting to see bitcoin's peak this year.

Well, there's nothing wrong with taking profits. If that is your goal, why did you invest in Bitcoin, then take profits and use that to treat yourself or your family? It's totally fine. And a good thing is that you can partially take profits, it doesn't mean that when you sell partially, you already stopped believing in Bitcoin or will not buy any more Bitcoin in the future.

[EL MOHA]

A new ATH has been reached. How much were you tempted to sell and take profit? Maybe treat yourself and your family and also friends to some delicious food. Maybe pay off a debt. Or just buy that one thing you have always wanted to. But hold on because I do not think this is the highest bitcoin will be just yet. Patience gets rewarded so just be patient and we are just starting to see bitcoin's peak this year.

Every new all time high we always have threads like this asking maybe it’s time to take profit or not and I continue to tell them that if that’s the case they will continue to have thoughts like this more often because bitcoin will definitely continue to break all time highs as far as we can know. One thing you need to have is bitcoin will forever be unpredictable and as such don’t be drawn by either fear or FOMO because bitcoin will make you regret your decision if any of them is based on this two.

My advice is just like the old bitcoin investors will say is have a conviction and stick to it, don’t go chasing around which of the all time high you would take profit rather just pick one of price as a profit target and wait for it to trigger if it does don’t be overthinking about it be driving by FOMO simply stick to your conviction most especially if you need the funds to spend on something, bitcoin will most definitely one day still go beyond your price target.

[Japinat]

It’s good to hear some plans that one will surely do if btc price finally reaches another peak. I’d also have my own plans with my bitcoin in the future, but definitely not for now because I’m still looking forward for what bitcoin has to offer us especially when year end comes.

However, if we also have extra fiat to spend, why not use them in treating our loved ones or rewarding ourselves something we really want to have. Bitcoin is set for long term investment, so we should be more patient and determined to make it happen, because the longer we hold our bitcoin, the more massive its outcome in the future.

Don’t spend your bitcoin yet, especially if it’s something fiat can do. Just hold as long as you can, because just like you’ve said, the most patient one’s will be highly rewarded later on. So go for it and stick for your bitcoin’s target goal.

[LogitechMouse]

A new ATH has been reached. How much were you tempted to sell and take profit? Maybe treat yourself and your family and also friends to some delicious food. Maybe pay off a debt. Or just buy that one thing you have always wanted to. But hold on because I do not think this is the highest bitcoin will be just yet. Patience gets rewarded so just be patient and we are just starting to see bitcoin's peak this year.

Sometimes, taking profit is good because YOU DON'T KNOW WHAT THE PEAK WILL BE and as long as you're fine with the profit that you're getting, I don't see anything wrong with it.

I already sold a portion of my Bitcoins when it's price was around $120,000. Did I felt any regret? Heck, no. I've sold Bitcoins in the past way earlier than where I sold a few weeks ago so it's nothing new to me. Like what I said, what's important is that, you're making money rather than incurring losses. Well, I also agree that this might not be the peak of Bitcoin just yet, but I took profits because... I'm happy with it, and anybody can sell theirs as well as long as they're happy with it.

Patience gets reward, yes, but how long will you be patient? What if you're waiting for Bitcoin to reach $140,000 or even $150,000 since that's what you believe will be the peak price of Bitcoin, but it went up to $130,000 only then it went down, and down, and down, and it didn't reach your price prediction? DCA in selling for me is a must as well.