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.
It's important to be smart and estimate your chances. Altcoins depend on Bitcoin and on themselves so their chances of a continuous bull run are much lower than Bitcoin's. Think of the fundamentals and evaluate if they're strong enough to carry the coin you're holding. Like if I had a coin I don't believe in and see it's going nowhere on its own I'd rather be in fiat or something else.
Don't take profit blind.
Topic: Avoid been carried away, it's never going to be bullish forever - page 6. (Read 872 times)
Being greedy doesn't work in this market, from my own trading experience. Greed is good during trending market cycles, otherwise, it is another bunch of losses in flat markets. Taking profit is a good idea if the market doesn't give the target of trade for a long time frame. Greed and fear can be the reason why we always get REKT and never learn from our past mistakes. I prefer to take profit rather than chasing market for another week. Just my 2 cents.
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
I guess you are stuck in the 2017 mindset and you are in a panic mode, the market is changing it's not going to be bull season forever but it's not going to be the kind of bear season that we've experienced in 2017, the situation is vastly different, back then many still think that Bitcoin is a bubble that's ready to explode, but the same people who think that way are now supporters.As we have seen, the adoption today is very different than in the previous years. The foundation is much more solid this time. Big companies like Tesla is integrating btc in their payment method and so are other merchants. And these financial institutions that keep on buying their btc stash, I don't think they are planning to dump it one time. In my opinion, most of them are looking at btc investments long term. But definitely, you also need to look out for possible worst case scenario here so you are prepared. Prepare your contingency plans, diversify your portfolio, read more.
It is a fact that it won't last forever that everything will still remain bullish. I've taken profit even before bitcoin hits $50k-$60k and I don't regret taking it. Although I've got a bigger profit if I did but that's fine, I've held those coins during the bull run and it's a relief to see that I've sold more than the price when I've been holding. But, this bull run isn't ending soon based on its movement, and likely that we're going to see more peaks very soon.
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.
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
I guess you are stuck in the 2017 mindset and you are in a panic mode, the market is changing it's not going to be bull season forever but it's not going to be the kind of bear season that we've experienced in 2017, the situation is vastly different, back then many still think that Bitcoin is a bubble that's ready to explode, but the same people who think that way are now supporters.
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.
People see that BTC only go up and up and come more. It could last 2 years until we see bear market or more.
Yeah taking profit when market is huge with investors and profit has been made is a wise decision. Taking your profit allows you to clear the other investment so you can wait for another re-entry. Most traders think is a way to stop trading and run away but that is not it. Taking profit, is good to avoid regrets like many did in 2017 which has served as experience.
Haha you really have sense of humor. Though, I guess not many people realize how serious the circumstance is because they are bound with greed.
The situation is likely to happen like 2017 but in my opinion, it might take a few more months because bitcoin continues to increase its price. You can see that bitcoin has already hit $60000 several times and it is obvious that this resistance will soon collapse. Therefore, take a partial profit (which is equal to my initial investment) is a better option to me. The rest I will continue to hold.
The situation is likely to happen like 2017 but in my opinion, it might take a few more months because bitcoin continues to increase its price. You can see that bitcoin has already hit $60000 several times and it is obvious that this resistance will soon collapse. Therefore, take a partial profit (which is equal to my initial investment) is a better option to me. The rest I will continue to hold.
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
Jump to: