Avoid been carried away, it's never going to be bullish forever - page 5.

darewaller

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Quote from: pixie85 on April 11, 2021, 05:57:06 PM

Since we're in the altcoin section I'll agree that taking profit is important. With Bitcoin not so much because Bitcoin is on another level.

I agree; still not all altcoins are the same. For example, exchange tokens are having better future the longer we hold. I know exchange hacks and scams are happening these days in more frequency still holding BNB kind of coins for longer period will not disappoint the investors.

Quote from: pixie85 on April 11, 2021, 05:57:06 PM

Altcoins depend on Bitcoin and on themselves so their chances of a continuous bull run are much lower than Bitcoin's.

But, if you notice when bitcoin into bearish mode, most altcoin will be testing its ATHs. For example, ETH tested up to 0.11 BTC levels by February of 2018 where BTC was falling. So, this may not be a right time to book profits for most altcoins as bitcoin is just in initial phase of its 2021 bull run. If you are holding highly reputed altcoins then you may continue your holding until mid or first quarter of 2022 .

Argoo

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In principle, this reasoning is correct. One should always take into account the possibility that at any time during a long period of a bull market, the situation may change quickly and those who have not taken at least some of their profits will suffer losses or wait for the next bull cycle. However, the whole problem is that no one knows when the price growth of this market will be replaced by its decline. And the situation in the cryptocurrency market cannot be exactly the same in different years. She's much better now than she was in 2017. Therefore, the current period of price increases may well be longer than it was in 2017. In any case, we ourselves make a decision on this matter at our own peril and risk.

SaiyanSS3

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It’s the top! Dump it! It’s the top. It’s never end we just come to the top again and wonder again, it might be the time to take profit, I think it’s rather nuance, we can’t tell with certainty, we are not fortune teller, the market isn’t going to stop the shills, how about keep waiting and waiting?

Dewi Aries

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Quote from: XUR_TIP on April 11, 2021, 01:55:07 PM

Take profit! Take profit!! You've been warned, do not end up like many in 2017 bullish cycle, there is always a end to everything and nothing goes up forever, everything happening in this world is merely time based, I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart

Or maybe sell bitcoin/whatever coin that we held. And then made our capital safe first and hold the profit until maximized. Maybe what will be difference is how much profit that we got, but it is better than we hold with our capital too and then lose in trading activity.

fahmimajannat

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Yes its true.
I'm not saying that the market will collapse in few days. But it will. It will for sure. And its been a long time that bullish market has taken place. So you can't correctly assume the time when actually it will drop but its better to take your profits and invest wisely.

isaac_clarke22

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Quote from: XUR_TIP on April 11, 2021, 01:55:07 PM

Take profit! Take profit!! You've been warned, do not end up like many in 2017 bullish cycle, there is always a end to everything and nothing goes up forever, everything happening in this world is merely time based, I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart

Yeah, sadly I ended up like one of them in 2017. Not because I held a shitcoin, but because I was still newbie to crypto and I still don't know how to cash out my profits. Cheesy

Now that I know how to, it is all my tables now.
Just don't get hyped because of celebrities, you didn't pay them to make yourself trust them.

senyorito123

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Quote from: youdacapt on April 12, 2021, 06:08:57 AM

Quote from: XUR_TIP on April 11, 2021, 01:55:07 PM

Take profit! Take profit!! You've been warned, do not end up like many in 2017 bullish cycle, there is always a end to everything and nothing goes up forever, everything happening in this world is merely time based, I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart

for every bull market; there are always motivational speakers who preach profit taking here and there. i suggest that you leave people to their choices; as investors and traders; we have set aside different entries and targets in the market; there is no need or reason to worry about any one pulling any strings. It is not every situation that you dump dump

Also, i urge everyone to always do their research and not get swayed at all.

Each of us have different instincts and beliefs which we need to respect. So in choosing what best moves, like if you will sell or hold or gaining profit is up to you. Always remember that the value itself doesn't guarantee that it will be stable because the value will change from time to time, day or month. It is better to choose wisely what's best move to do in order not to regret.

galestorm

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Like an uphill climb, you'll eventually have to go down. Im quite a skeptic so I truly believe that bitcoin will dip again anytime soon, but that doesnt mean that it will continue to decrease in value, there will come a time that it will eventually increase in price again, though it would take some time. For the holders of bitcoin, it's up for you to decide, afterall the world of cryptocurrencies revolves around flactuations and patience.

TheMimic1

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This bull run can lasted for few months more but I'm not really ready to bet of that so instead I make sure I've made my ROI back and turned into stable coins and use the rest to gamble, I suggest you do the same too, make your initial investment back first

youdacapt

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Quote from: XUR_TIP on April 11, 2021, 01:55:07 PM

Take profit! Take profit!! You've been warned, do not end up like many in 2017 bullish cycle, there is always a end to everything and nothing goes up forever, everything happening in this world is merely time based, I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart

for every bull market; there are always motivational speakers who preach profit taking here and there. i suggest that you leave people to their choices; as investors and traders; we have set aside different entries and targets in the market; there is no need or reason to worry about any one pulling any strings. It is not every situation that you dump dump

Also, i urge everyone to always do their research and not get swayed at all.

slaman29

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Quote from: XUR_TIP on April 11, 2021, 01:55:07 PM

Take profit! Take profit!! You've been warned, do not end up like many in 2017 bullish cycle, there is always a end to everything and nothing goes up forever, everything happening in this world is merely time based, I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart

Have to agree here guys. If you're not a longterm holder of ETH or BTC and have bagloads of deficoins and others, I would definitely say, sell now and take profit, at least definitely gain back your capital. And leave some of your profits in if you still want to ride this bull.

Rally will probably last many more months but it's better to be safe and enjoy some right now then lose all of it tomorrow.

fullhdpixel

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Quote from: XUR_TIP on April 11, 2021, 01:55:07 PM

I'm not saying BTC can't go to 65k or more but this market is getting more dangerous every day, to me crypto market is now in gamble state, don't be a tool to those who are experts in controlling the masses, you think there aren't those pulling the string? Wake up already.. we don't know how longer they will keep pulling the string and roll you over, be smart

How about for the people who are ready to wait for another 4 years? I mean you might be right that most altcoins might have already tested its ATH of 2021 and might face bearish market hereafter; for such altcoins, it would be much better to book profits right now. But, the problem is how we are going to filter them out. This is the reason long-term holders are not bothering about what is going to happen in near future.

If you feel like the profits already made easy enough for you then you can go for looking for profit booking otherwise it is not recommended to cut your positions in the middle. In trading terms, if you're a low-risk trader then you can go for book profits right away.

overttherainbow

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Some people want to believe in ethernal growth so much!

Bitbtc8

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Quote from: bittick on April 12, 2021, 02:34:56 AM

I mean, who plays the string? if it's those big players like institutional investor they are HODLing hard and as far as I know they are the one that holds big amount of capital also one of the main factor that causes this year around bullish market to be so big. Some people think that bitcoin will just stuck in its cycle of 4 year pump and dump but I think that's not true at all, the current bullish market could be the beginning of a massive bitcoin adoption and other cryptocurrencies as well, don't get too fixated on the past.

Those big players are not stupid, they will surely want to make gains too, they will want to double their holdings and that's why they will dump on everyone at one point in time, this is very much normal, instead of thinking that bear market isn't coming back it's better to play safe

bittick

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I mean, who plays the string? if it's those big players like institutional investor they are HODLing hard and as far as I know they are the one that holds big amount of capital also one of the main factor that causes this year around bullish market to be so big. Some people think that bitcoin will just stuck in its cycle of 4 year pump and dump but I think that's not true at all, the current bullish market could be the beginning of a massive bitcoin adoption and other cryptocurrencies as well, don't get too fixated on the past.

electronicash

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if you have missed dumping all you have in the last bullrun, there is no reason for you to worry anymore. all you have left is what's left but consider it all as profit for holding while the long pullback took more than a year. for anyone who had experienced holding for years, you really should have been trading for you have missed the biggest opportunity every time retracements happen.

don't get carried away, sell every time it goes to a new ATH.

yazher

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Quote from: mindrust on April 11, 2021, 05:42:48 PM

Wise advice. If you have made more than 100 percent, you can easily cash out your initial investment and leave the rest because it is basically free money. Or you can even take more out if you want to buy some real world stuff and leave the amount you are comfortable with. Crypto will indeed make another big correction but we don't know when.

That's the safest thing you can do especially when you already have invested lots of money and it doubled already. When it comes to altcoins, double the amount of investment is quite common when the project they've invested their money with has successfully launched and listed in some known exchanges. Most of the time these guys had earned more than that. I think they've been getting more than they expected from investing in their chosen coins. Now that something good has happened to your investment, it is a wise idea to do some calculation after you withdraw your money from the exchanges.

Adreman23

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Quote from: dhru9 on April 11, 2021, 05:36:46 PM

Today days are different there is mass adoption and cypto space got bigge than ever. Elon musk twits about it every other day and Tsla sell cars for BTC.
People see that BTC only go up and up and come more. It could last 2 years until we see bear market or more.

Same thoughts, aside from big players, big companies, institutions involved adopting crypto currencies the covid 19 pandemic has big negative impact to the world economy and the fiat currencies are slowly dying because governments prints more money our of thin air that may result to inflation or hyper inflations. This bull run is different from previous bull run it will takes longer now, why selling bitcoin for fiat that day by day decreasing its value.

tbct_mt2

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Quote from: XUR_TIP on April 11, 2021, 01:55:07 PM

Take profit! Take profit!!

Profit, when you have it with more than 30%, you should take it. If you have 50% of 100% of profit, please take it. You only have profit if you take it and protect your initial capital.

If you still hope the coin you are falling in love will have x5 more in price, please do two things:
- Take profit
- Get your initial capital out of that investment. Let the rest for investment with hope of x5.
Use this strategy, even if the price falls and won't rise higher, you won't lose your capital and still have profit. The capital is protected 100% and the profit will decrease but it won't drop to zero. You still have profit just smaller.

Quote

You've been warned, do not end up like many in 2017 bullish cycle

Bear market will come always but we don't know when it comes and how it will be triggered.

Nothing in financial market can rise forever.

lobo13hf

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LOL so many people were saying this shit a few years ago when bitcoin was reaching 20k rate. People will never try to sell their bitcoin now. Bitcoin is trying to break more and more resistance.
I think that you must see how strong the fundamental of bitcoin right now and this is also affecting the fundamental of crypto.

People just need to sell some of their portfolios to anticipate the bearish trend that none knows when that will be happening dude.
Bitcoin can grow even more and you will also able to lose your chance to get more

Topic: Avoid been carried away, it's never going to be bullish forever - page 5. (Read 800 times)