Bitcoin Take Profit Strategies

[Jostle]

Do you have a take-profit strategy, e.g. sell X% of your bitcoin stash when Bitcoin hits Y prices.  And do you accumulate Bitcoin on a monthly basis?

Just curious what are people's investing and take-profit strategy.

I've a simple one, which is to invest at regular intervals (monthly) and sell a certain percentage when it hits some prices.

For instance, the first sell point for me is 100k USD right now.

[Coyster]

If that is your strategy, then it is okay. Personally, i do not have a price ceiling, were i must sell when bitcoin gets to that price, i have never set such an "alarm". I sell part of my stash when i want to, that is when i have a need to sell, not just because the price is as a certain threshold, mind you, this is just how i do things and it may not resonate with others.

My reasoning is, i wouldn't take profit just to hodl fiat, that would be a stupid thing to do. I wouldn't also want to sell my bitcoins to hodl USDT, i don't like hodling stablecoins for the long term. In other words, i must have a use for the funds before selling, it could be personal needs or maybe i want to diversify into something else, these are some of the reasons why i liquidate when i do.

[Jostle]

If that is your strategy, then it is okay. Personally, i do not have a price ceiling, were i must sell when bitcoin gets to that price, i have never set such an "alarm". I sell part of my stash when i want to, that is when i have a need to sell, not just because the price is as a certain threshold, mind you, this is just how i do things and it may not resonate with others.

My reasoning is, i wouldn't take profit just to hodl fiat, that would be a stupid thing to do. I wouldn't also want to sell my bitcoins to hodl USDT, i don't like hodling stablecoins for the long term. In other words, i must have a use for the funds before selling, it could be personal needs or maybe i want to diversify into something else, these are some of the reasons why i liquidate when i do.

Another way to look at it is to take profit before re entering.

[GreatArkansas]

Do you have a take-profit strategy, e.g. sell X% of your bitcoin stash when Bitcoin hits Y prices.  And do you accumulate Bitcoin on a monthly basis?

Just curious what are people's investing and take-profit strategy.

I've a simple one, which is to invest at regular intervals (monthly) and sell a certain percentage when it hits some prices.

For instance, the first sell point for me is 100k USD right now.

For me, yes, I do have. If you are a trader, you must have for sure. And most mistakes of every traders are not sticking here, some due to greed or some have no balls.
Like for example, they didnt stick to their plan about before open inga trade, they already have plan for entry price, stop loss price and price target, but then in the middle of trade, decisions's change but we cant blame them, it could be other reason like change of the market's condition.

[Finebone]

Just curious what are people's investing and take-profit strategy.

I've a simple one, which is to invest at regular intervals (monthly) and sell a certain percentage when it hits some prices.

For instance, the first sell point for me is 100k USD right now.

Everyone are free to do whatsoever they like that best serves their interest, so I wouldn't be that judgemental on other people's strategy, but the truth is that most people strategy is way too inferior, and that is why such people stay poor throughout their lifetime because they cannot invest and stick to their investment for it to be ready and for them to reap the full dividends of it.

Those that are able to invest in bitcoin and is strong enough to hold, will always be above those that buys and sell once their is a sharp increase in profit, because quick profit will only solve a pressing issue at hand, or will only satisfy their needs, but will not be big enough to change their financial story, which is the main reason investors makes more money and are more secure financially than traders.

[The Cryptovator]

Do you have a take-profit strategy, e.g. sell X% of your bitcoin stash when Bitcoin hits Y prices.  And do you accumulate Bitcoin on a monthly basis?

Just curious what are people's investing and take-profit strategy.

I have been accumulating Bitcoin, but when the price keeps dumping. My aims are different than yours; my target is that I will sell upon breaking the previous ATH. Till then I keep accumulating; once dump the price and I wait to get handsome profits. I don’t calculate on a monthly or weekly basis; it’s all about time and availability of investment funds.

However, selling partially is not bad, but most of the time I sell all when I have good profits and reach my target. Everyone has different strategies for investment, so it’s always better to make your own strategy based on your financial situation. Other’s strategies won’t work for everyone.

[New Judgement]

If that is your strategy, then it is okay. Personally, i do not have a price ceiling, were i must sell when bitcoin gets to that price, i have never set such an "alarm". I sell part of my stash when i want to, that is when i have a need to sell, not just because the price is as a certain threshold, mind you, this is just how i do things and it may not resonate with others.

My reasoning is, i wouldn't take profit just to hodl fiat, that would be a stupid thing to do. I wouldn't also want to sell my bitcoins to hodl USDT, i don't like hodling stablecoins for the long term. In other words, i must have a use for the funds before selling, it could be personal needs or maybe i want to diversify into something else, these are some of the reasons why i liquidate when i do.

so what you are trying to say is that you will sell even when your portfolio is in dip provided you have needs to attend to? If yes are you not losing money? Why not be making some reserves so that when you have needs, and your bitcoin is in dip due to bad market conditions you won’t have to sell at a loss price just to attend to your needs. We all know that bitcoin price is not always stable, and there will times when your needs will come when the red candles are dominating the market, so I’m curious to know if you go ahead to sell to attend to those your  need or what exactly do you do in such cases, since you don’t like the idea of selling and holding fiat or holding usdt for too long.

[RazerMouseMobile]

Do you have a take-profit strategy, e.g. sell X% of your bitcoin stash when Bitcoin hits Y prices.  And do you accumulate Bitcoin on a monthly basis?
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Accumulate during the bear market then sell it all during the bull market. That's the easiest and a newbie-friendly strategy right now. The question for some is that "Are they patient enough to wait for years before they can sell those Bitcoins?".

I do accumulate Bitcoin on a monthly basis and sometimes on a weekly basis. Whenever I have spare money, I'm using it to buy Bitcoin. The bear market for many is the best time to accumulate Bitcoin and other altcoins. There are some who are holding their Bitcoin for short term only, but there are some who are holding it for the long term as well. Your strategy works because at the end of the day, what's important is that you're making money from it.

Selling it at $100,000 will give you profit and as long as you're fine with it then it's all good. For me though, try to increase it to maybe selling it at the previous ATH which is at around $126,000. History shows that during the bull run cycle, Bitcoin surpasses it's previous ATH. If you want to maximize your profits though then start selling above the previous ATH.

[Jostle]

One of my problem is that "I keep thinking it will go higher when it hits my target number". Perhaps, I should just exercise the action without the emotions involved (which is really what's holding me back for executing my strategy).

[Maslate]

I don't have a definite or fixed strategy to take profits. In fact, I'm not actually planning to sell my coins anytime, but if emergency arise and my current fiat  balance won't be sufficient enough, then maybe I will consider selling a portion of my bitcoin holdings.

However, what I am more focused now is DCAing bitcoin and buying in dips especially when there is perfect market opportunity to stack more bitcoin. And when it comes to profitability, I don't set a selling price, I just know I have to sell when my retirement comes or when I am no longer making sustainable income from my current job.

[Futurexxx]

One of my problem is that "I keep thinking it will go higher when it hits my target number". Perhaps, I should just exercise the action without the emotions involved (which is really what's holding me back for executing my strategy).

It's a trap that I would urge you not to fall into, because if your initial take profit target has been met, it's better that you take it and wait for the next best trading opportunity, because if you became too greedy and decided not to take it and move on, their are bigger chances that your profit position can be easily turned to a losing position.

A good trader plans his entry and exit position before he even opens a trade, so if it gets to your exit point an you choose to stay longer due to greediness, you might later regret it, because too much greediness is not good in the market.

[Big Dirams]

One of my problem is that "I keep thinking it will go higher when it hits my target number". Perhaps, I should just exercise the action without the emotions involved (which is really what's holding me back for executing my strategy).

Technically you are letting your emotions hold you down and this is a wrong idea because you won’t get to take your profits when you are meant and you won’t respect your strategies and this will lead to losses and our profits will later turn to loss.
Learn to control your emotions and at the same time respect your strategies and always stick to your exit strategy and not falling for our emotions. Emotions are part of this but it is we that will fight very hard to control it and not allow it not to take decisions for us or make us start making irresponsible decisions.

[Bd officer]

Do you have a take-profit strategy, e.g. sell X% of your bitcoin stash when Bitcoin hits Y prices.  And do you accumulate Bitcoin on a monthly basis?

Just curious what are people's investing and take-profit strategy.

I've a simple one, which is to invest at regular intervals (monthly) and sell a certain percentage when it hits some prices.

For instance, the first sell point for me is 100k USD right now.

Your strategy is not bad, many people adopt the same strategy as you. Many people targeted to sell $150k in 2025 but they could not reach that target. So I do not invest in this kind of take profit strategy. I am investing in two parts. One part I will sell at the ATH price in the next bull season and take profit, maybe we can see the bull season in 2029. And the other part I have no plan to sell, I mean just hodl. So I do not know what strategy it is. Yes I also buy in DCA strategy but not only on a monthly basis, I mean I try to buy when I have money in hand.

[Charles-Tim]

For instance, the first sell point for me is 100k USD right now.

It is better you aim for at least all-time high, but which is still a lower price to where bitcoin is going. I think you should use time for the calculation and the best time to sell bitcoin would be 2028/2029. But if I should be more precise, the best time would be 2029. Bitcoin would have increased more at the time.

[Doan9269]

Do you have a take-profit strategy, e.g. sell X% of your bitcoin stash when Bitcoin hits Y prices.  And do you accumulate Bitcoin on a monthly basis?

Some people are investing using DCA as a strategy for them to buy the market, but this kind of investors are always a long-term holders, we can also decided to go into swing trading, I have seen some people that buy the market at a fallen price to sell within a short period of time when it's rises, identifying for a particular pattern of investment or trading is necessary even before we started, so that when we buy and sell, we will be able to take profit and continue with the process all over again.

[cxtreenal]

Do you have a take-profit strategy, e.g. sell X% of your bitcoin stash when Bitcoin hits Y prices.  And do you accumulate Bitcoin on a monthly basis?

Just curious what are people's investing and take-profit strategy.

I've a simple one, which is to invest at regular intervals (monthly) and sell a certain percentage when it hits some prices.

For instance, the first sell point for me is 100k USD right now.

I have a take-profit strategy planned but not before reaching a certain price level. I am in the early stages of investing so my current strategy is just to accumulate Bitcoin. I am accumulating Bitcoin for a cycle or two regularly and trying to stay consistent every week.

In my opinion, your take-profit strategy will be convenient for an experienced investor and those who have a sufficient amount of Bitcoin holdings to implement. It is risky for those who are still learning Bitcoin and have not reached the overaccumulation stage.

I will not underestimate your strategy but I think it is a trading strategy that will be easy for experienced investors to implement and it is dangerous for less experienced investors.

[LogitechMouse]

One of my problem is that "I keep thinking it will go higher when it hits my target number". Perhaps, I should just exercise the action without the emotions involved (which is really what's holding me back for executing my strategy).

This comes to one word. DISCIPLINE.

Have a plan, be disciplined, and follow that plan. If your plan is "Selling 50% of my total holdings if price reaches X" then whatever happens, whatever you feel during that time, do it. The problem with some is that, when it already hits their price target, they have this mindset of "it might go up even more so I'll keep holding". Trust me, I've been in that situation a few times, and it didn't end up pretty well for me, and I ended up losing some of those supposed profits already. Do it without any second doubts.

One of the traits of being a good investor is being disciplined. Being disciplined enough to follow their strategy when it comes to investing. I'm not saying that you don't need to follow what you feel, but if you already have a plan, follow that plan WHATEVER HAPPENS.

[snowpega]

Do you have a take-profit strategy, e.g. sell X% of your bitcoin stash when Bitcoin hits Y prices.  And do you accumulate Bitcoin on a monthly basis?

Just curious what are people's investing and take-profit strategy.

I've a simple one, which is to invest at regular intervals (monthly) and sell a certain percentage when it hits some prices.

For instance, the first sell point for me is 100k USD right now.

Hmm, seems like you are already doing it in a better way. Your sayings hit me like you are following a DCA (Dollar-Cost-Averaging) strategy, right? Like, for both taking entry in the market on a monthly basis and taking exit from the market by booking only some part of the net amount once any TP hits. If I am correct while matching your sayings, then mate, you are already doing a great job from my point of view. Other than this, if you are following a DCA strategy, then you can accumulate anytime when funds are available to you, or you can just accumulate it on a weekly or monthly basis.

Besides this, many consider that DCA is all about buying only when the market makes any correction. This is not correct because the real strategy fundamental is different from this mentality. This is to keep accumulating more and more without looking at the price according to your fixed time interval. And I already mentioned to you that this time interval totally depends on your own plans. Which can be weekly or montly any of one. DYOR!

[DPHOR]

Do you have a take-profit strategy, e.g. sell X% of your bitcoin stash when Bitcoin hits Y prices.  And do you accumulate Bitcoin on a monthly basis?

Just curious what are people's investing and take-profit strategy.

I've a simple one, which is to invest at regular intervals (monthly) and sell a certain percentage when it hits some prices.

For instance, the first sell point for me is 100k USD right now.

I believe everyone definitely had target on their bitcoin investment where they do expect the price to reach before even think of releasing something from that their investment. Is always better to hold bitcoin for longer time if you must target higher profit from your investment. There are people who only has a short term projection and immediately their target are met they don't mind also selling at the moment and wait back while the price falls back for them reaccumulate back again. Some people are just doing scalping and where they have to depends on every single changes in the market for them raise profits from their investment.

[Dr.Bitcoin_Strange]

I made a thread a long time ago explaining my strategy on how I normally take profit from my Bitcoin investment. Since Bitcoin has two seasons and we can not accurately know what the peak price and bottoms price would be, what I do is set a target price which realistically I know that price will get there and when price get there, I will sell some percentage and also set another target price, just like that until I have sold to my satisfaction and during a bear market, I will start to accumulate back and will end up getting more Bitcoin than the fraction that I sold. Assuming I bought at $60k and sold at $110k,  and also but back when price got to $60k, that has helped me get more Bitcoin. That's my strategy tho.