BTC profit taking strategies? | Bitcointalksearch.org

bettercrypto

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Quote from: Wakate on April 04, 2024, 04:16:24 PM

Quote from: oktana on April 03, 2024, 06:40:11 PM

Quote from: BrotherMencius on February 29, 2024, 12:07:46 AM

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

Yes. I think this is a reasonable strategy. And actually, when I read the topic, what came into my head is exactly what you are narrating. One reason why this is a good strategy is that you end up selling at different prices. So if Bitcoin is 100k CAD, and you sell the quantity you said, if it happens that the price goes to 120k CAD, you’ll sell again and you will not feel left out of price increments because you are gradually selling.

I don't really know about much strategies but we can likewise make money for ourselves if we can listen to the Bitcoin fundamentals. There is money to be made in the market and the only we could go about that is when we check for latest news about Bitcoin. Just like now that everyone is waiting for the Bitcoin halving which is a hof reason for us to make profits from the market if we can hold and keep holding till that time comes. Fundamentals just like listening to news is one of the ways we could benefit from buying and holding Bitcoin. There is no need to try to trade it since holding can be very profitable.

If you are a long-term holder of Bitcoin, you can earn in the future. The only strategy to do is hold Bitcoin and nothing else. So I don't understand what other strategies op is talking about. Because if you are not a long-term holder, you will enter in the short-term to get a profit.

So that means it depends on the choice we make as a trader or investor or holder. Maybe it's just that easy so that we can easily understand these situations.

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Quote from: Mauser on April 13, 2024, 02:38:58 AM

Quote from: BrotherMencius on February 29, 2024, 12:07:46 AM

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

Thanks :-)

I don't think that a reverse DCA method is the best approach to profit taking. You seem to have a fixed price when you want to start taking profits. Why not just take all the profit you want to have and enjoy it? Spreading out your coin selling over a longer period of time implies that you expect a still rising price of which you want to participate. Why not keep your coins longer than? The thing with reach new ATHs is that many people want to take profits. Especially with a new milestone like 100k I would expect many people to sell some, which should lead to falling prices in the week afterwards.

That's not necessarily a bad idea because as we all know bitcoin is unpredictable, no one can know where the bottom or top is. But everyone doesn't want to miss out on buying the lowest price and selling the highest price, and that's why people think the DCA strategy is the best. And I also find it quite interesting to use reverse DCA like OP to take profits.

Each person has a different mindset and investment strategy. As long as we feel satisfied with our plan, we should carry it out without concern or criticism of others. Because there is no guarantee that our plan will be better than theirs and there is no guarantee that we will make more profit than them.

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Quote from: BrotherMencius on February 29, 2024, 12:07:46 AM

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

Thanks :-)

I don't think that a reverse DCA method is the best approach to profit taking. You seem to have a fixed price when you want to start taking profits. Why not just take all the profit you want to have and enjoy it? Spreading out your coin selling over a longer period of time implies that you expect a still rising price of which you want to participate. Why not keep your coins longer than? The thing with reach new ATHs is that many people want to take profits. Especially with a new milestone like 100k I would expect many people to sell some, which should lead to falling prices in the week afterwards.

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Quote from: BrotherMencius on February 29, 2024, 12:07:46 AM

My wife and I have been investing in BTC since around the last ATH, so this coming halving is the first one we've experienced. As a result, we need to figure out a profit-taking strategy. I was hoping to get some input from the community here.

If you already have a target to sell at what price, maybe you already have the decision to sell Bitcoin. But if the price you want has not been reached then wait until the price is reached. You can also make a percentage of sales and you can hold the remaining portion for the next ATH.

Quote from: BrotherMencius on February 29, 2024, 12:07:46 AM

We currently have around 1.5 BTC, and our ultimate goal is to be able to use that to help us buy a house and be able to retire at some point. Nothing too crazy. I'm hoping this bull cycle we'll be able to at least get a decent down-payment on something, then maybe over the next cycle or two be able to pay it off.

That sounds pretty good regarding the plans you want to carry out, but you don't need to buy a house using installments. If you know how Bitcoin can provide benefits, then invest according to the money you have, then when Bitcoin gets the next ATH you can buy a house in cash. Buying a house in installments can be a bit of a problem for you because the price of bitcoin is uncertain and if you have no other source of income then it is impossible to cover the house installments by selling bitcoin holdings at any time.

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By having 1.5 BTC, he can sell it at $100k later after the bitcoin price rallies. But he has a good plan to sell his bitcoins gradually. It all depends on each person's plans, and we shouldn't be too greedy, so we don't wait in vain. Many people hope to sell at the highest price, but unfortunately, they cannot see the situation and conditions that exist in the market. That makes it too late for them to sell their bitcoin at the highest price. So try to sell the bitcoin when it reaches its highest price gradually so that you don't miss out on selling bitcoin.

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Selling slices is good, but picking exact prices is tricky. Fees can add up too. Consider a trailing stop-loss or tiered sell orders to automate some profit-taking. Don't forget taxes, volatility, and your ultimate goal - that house! DCA back in during the bear market, but plan to put some regular income towards the house too. Adapt as needed, and good luck!

Good trade management will result in calm trading patterns. But, it is true that we also have to make a balance as you said, it does seem simple when we look at it, but if it is not calculated carefully, it has a slight uncomfortable effect in the end.

For the pattern, the OP above is good, just sharpen it by looking at where the market trend will lead and for the current market situation, it feels quite appropriate if you really want to collect more BTC back.

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Quote from: Patrol69 on April 05, 2024, 05:34:02 PM

Many investors use different strategies when it comes to investing in Bitcoin and holding that investment in Bitcoin for a long time and some strategies are difficult for some investors and some strategies are easy for others. l Considering the simple and the difficult, the strategy that feels right to the investor is the one that they adopt.

Investing is a very subjective concept in which what works for you may not work well for others.

This is because we have different economic conditions as well as goals and priorities. This is why you shouldn’t just blindly listen to other people’s advice because you need to make sure that it is right for you.

Skybuck

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Rule 1 of bitcoin: Never sell (in large quantities/all of it)

My 1st advise to you:

Use bitcoin to get a loan.

Pay as little as possible to make loan happy.

Profit from bitcoin rise.

Perhaps re-loan.

My 2st advise:

Bitcoin risky/too high price 70k, sell 50% and buy vite at 0.0x cents a coin.

Enjoy x factors in future

Patrol69

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Everyone who invests in Bitcoin has the objective of making a profit by investing. Although the main objective of investors is to earn profit by investing, investors usually adopt different strategies to earn profit. Many investors use different strategies when it comes to investing in Bitcoin and holding that investment in Bitcoin for a long time and some strategies are difficult for some investors and some strategies are easy for others. l Considering the simple and the difficult, the strategy that feels right to the investor is the one that they adopt. There are some investors who do not consider it safe to hold their investments for a long period of time rather they try to make a small profit by making a few investments during that long period. Again there are some investors who are not satisfied with small profits so they maintain their investment consistency and hold that investment for a long period of time. There is no problem that your strategy may be different when it comes to investment but we must adopt the right strategy.

CODE200

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Quote from: BrotherMencius on February 29, 2024, 12:07:46 AM

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

It's a good and reasonable strategy, that way you're not missing out in the case that bitcoin continues to pump, what day of the week would you be selling though? That can be a problem if you plan to sell on weekends, and if you've got a day set in a week, I suggest that you don't do that and be flexible, see what day of the week you're going to need the money the most or compare that to the last week that you've sold your 0.01, that way you can see whether you're selling for more profit or not. Given the strategy that you've laid out, I don't think that there's not a lot of things you need to consider, you said that it's a reverse of DCA, you got to just do it like how you do it with DCA.

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Quote from: Ale88 on April 04, 2024, 09:48:53 PM

Quote from: BrotherMencius on February 29, 2024, 12:07:46 AM

Anyways, the strategy I'm considering is something like, when BTC crosses $100K CAD, (it's currently at $83K CAD) I plan on selling 0.01 BTC per week. Kind of like DCA but in reverse. Then possibly increasing that amount alongside BTC value, so if it crosses $125K, sell 0.0125 BTC per week, 0.015 per week at $150K, etc.

Since it's impossible to predict exactly what will happen to BTC price over the coming bull market, I'm hoping to get a decent return over the course of the cycle without completely selling all of our BTC. Then when it inevitably flips bearish again, start DCAing back in like we have been up to this point.

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

If you plan selling 0.01 BTC, or a little more, per week, it's going to take forever to sell 1.5 BTC: even if you sell 0.015 per week it means that it would require 100 weeks to sell them all. 100 weeks is pretty much 2 years, by that time we'll probably be in bear market again. Your plan is not bad at all but if you actually want to sell you should do it in a couple of months or little more, not in 2 years.

It depends at what price did he buy the bitcoins? because there is no guarantee that bear season will return in the next 2 years and the price of bitcoin will fall below the price he bought it at or will continue to rise higher in the next 2 years? Have you noticed that since the introduction of the bitcoin ETF, things have become more and more unpredictable and do we still have a 4 year cycle?
Everyone should have their own investment plan and always follow the market, we should limit giving advice to others because things are becoming more unpredictable.

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Quote from: BrotherMencius on February 29, 2024, 12:07:46 AM

Anyways, the strategy I'm considering is something like, when BTC crosses $100K CAD, (it's currently at $83K CAD) I plan on selling 0.01 BTC per week. Kind of like DCA but in reverse. Then possibly increasing that amount alongside BTC value, so if it crosses $125K, sell 0.0125 BTC per week, 0.015 per week at $150K, etc.

Since it's impossible to predict exactly what will happen to BTC price over the coming bull market, I'm hoping to get a decent return over the course of the cycle without completely selling all of our BTC. Then when it inevitably flips bearish again, start DCAing back in like we have been up to this point.

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

If you plan selling 0.01 BTC, or a little more, per week, it's going to take forever to sell 1.5 BTC: even if you sell 0.015 per week it means that it would require 100 weeks to sell them all. 100 weeks is pretty much 2 years, by that time we'll probably be in bear market again. Your plan is not bad at all but if you actually want to sell you should do it in a couple of months or little more, not in 2 years.

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Quote from: Wakate on April 04, 2024, 04:16:24 PM

Quote from: oktana on April 03, 2024, 06:40:11 PM

Quote from: BrotherMencius on February 29, 2024, 12:07:46 AM

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

Yes. I think this is a reasonable strategy. And actually, when I read the topic, what came into my head is exactly what you are narrating. One reason why this is a good strategy is that you end up selling at different prices. So if Bitcoin is 100k CAD, and you sell the quantity you said, if it happens that the price goes to 120k CAD, you’ll sell again and you will not feel left out of price increments because you are gradually selling.

I don't really know about much strategies but we can likewise make money for ourselves if we can listen to the Bitcoin fundamentals. There is money to be made in the market and the only we could go about that is when we check for latest news about Bitcoin. Just like now that everyone is waiting for the Bitcoin halving which is a hof reason for us to make profits from the market if we can hold and keep holding till that time comes. Fundamentals just like listening to news is one of the ways we could benefit from buying and holding Bitcoin. There is no need to try to trade it since holding can be very profitable.

There’s no need to trade it when holding is profitable, but how long will you be holding for? Till eternity? Till a century is gone? From what I understand, the OP is already in gain but has a target price. And when it gets there, instead of selling all he has and taking the profit, he wants to rather slowly sell it. Which will give room to still benefit from further price increase.

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Quote from: Wakate on April 04, 2024, 04:16:24 PM

Quote from: oktana on April 03, 2024, 06:40:11 PM

Quote from: BrotherMencius on February 29, 2024, 12:07:46 AM

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

Yes. I think this is a reasonable strategy. And actually, when I read the topic, what came into my head is exactly what you are narrating. One reason why this is a good strategy is that you end up selling at different prices. So if Bitcoin is 100k CAD, and you sell the quantity you said, if it happens that the price goes to 120k CAD, you’ll sell again and you will not feel left out of price increments because you are gradually selling.

I don't really know about much strategies but we can likewise make money for ourselves if we can listen to the Bitcoin fundamentals. There is money to be made in the market and the only we could go about that is when we check for latest news about Bitcoin. Just like now that everyone is waiting for the Bitcoin halving which is a hof reason for us to make profits from the market if we can hold and keep holding till that time comes. Fundamentals just like listening to news is one of the ways we could benefit from buying and holding Bitcoin. There is no need to try to trade it since holding can be very profitable.

You will win with Bitcoin fundamentals, it is a great option. The truth is that I had not been able to assimilate something like that, because a fundamental thing is when things basically go to a very extreme degree , whether it is news, an event, generally it is always something that makes things go down and falls. the market, like covid-19, when it came out all the markets fell and that was something that generated a lot of panic, maybe there you will enter the market downwards if you win with a good flattening and hitting very hard, maybe that way Yes , but it is difficult and it must be done very quickly to anticipate the movement.

On many occasions things can be efficient, if we are Trying to see things from a very external point of view where we almost never have much action with the market.

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Quote from: oktana on April 03, 2024, 06:40:11 PM

Quote from: BrotherMencius on February 29, 2024, 12:07:46 AM

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

Yes. I think this is a reasonable strategy. And actually, when I read the topic, what came into my head is exactly what you are narrating. One reason why this is a good strategy is that you end up selling at different prices. So if Bitcoin is 100k CAD, and you sell the quantity you said, if it happens that the price goes to 120k CAD, you’ll sell again and you will not feel left out of price increments because you are gradually selling.

I don't really know about much strategies but we can likewise make money for ourselves if we can listen to the Bitcoin fundamentals. There is money to be made in the market and the only we could go about that is when we check for latest news about Bitcoin. Just like now that everyone is waiting for the Bitcoin halving which is a hof reason for us to make profits from the market if we can hold and keep holding till that time comes. Fundamentals just like listening to news is one of the ways we could benefit from buying and holding Bitcoin. There is no need to try to trade it since holding can be very profitable.

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In simple terms, a crypto take profit strategy is an investment strategy whereby you buy into a crypto currency when the price is low and sell when the price has risen to your desired level, thus "taking profits".
This strategy can be used with any type of crypto currency, from Bitcoin to lesser known altcoin. By using this strategy, you'll avoid the emotional side of investment, which can often lead people do either sell too early or hold onto their investment for too long.
This strategy takes advantage of market cycles, which means that you'll be able to buy low and sell high on a regular basis if you stick to it.

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Quote from: Volimack on March 22, 2024, 12:28:06 PM

If you want to earn profit from bitcoin you have to invest in bitcoin at different stages and for different periods. After investing you have to hold it when the price of bitcoin goes to the highest level in 2 to 4 years. You can also do other things that are related to bitcoin and do other things that bitcoin supports. You can make a weekly or monthly plan with bitcoin which investment you are willing or able to such as weekly or monthly conversion of some money into bitcoin.

To add to this you have said, Bitcoin investment take home profit is not what we need to be too hasty about, when we invest and earn profit for the first time, you should not touch the money, but instead reinvest and do that for consecutive times before you can start to be taking from the subsequent earned profits, this will happen in such a way that whenever you're taking from the investment made, you are indirectly spending from the profits realized and the investment capital remains unaffected, just as a new venture can't be taken money from except if established.

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Quote from: BrotherMencius on February 29, 2024, 12:07:46 AM

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

Yes. I think this is a reasonable strategy. And actually, when I read the topic, what came into my head is exactly what you are narrating. One reason why this is a good strategy is that you end up selling at different prices. So if Bitcoin is 100k CAD, and you sell the quantity you said, if it happens that the price goes to 120k CAD, you’ll sell again and you will not feel left out of price increments because you are gradually selling.

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Quote from: Distinctin on March 02, 2024, 03:19:47 PM

Quote from: pinggoki on March 01, 2024, 11:41:53 PM

~

I believe as long as you never sell for losses, then your strategy will certainly work. Selling gradually while bitcoin price is on the surge helps you assure that you are making good returns every time you decide to sell. I cannot say it’s totally big but at least you have already taken advantage on the current price.

However, selling in time of bull run is more advisable because even bitcoin experts timing their bitcoin selling when a new all time high is present. But if you are more comfortable of doing that, as long as profits are there, I think that reason alone is good enough to say that you’re not losing but completely gaining good financial returns from your investment.

I'm not even thinking about the profits with my gradual selling and now you've reinforced the fact that I'm going to be getting more than what I've paid for, I just knew that the longer I hodl, that I'd be making more profit since I've got a target price to sell and then the fact that I've been hodling for a long time means I'm guaranteed a profit at the least. I don't even think I'll sell for losses, I've bought about 75% of my bitcoin below 20k USD so I'm not sure I'm going to be losing even if I sell right now. I can never do that bullrun thing though because I'm not good at predictions and concluding that this is the peak, that's why I've set a concrete goal, much better to follow and I know exactly what I want and no doubts about selling when the price is pumping.

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Quote from: atamism on March 24, 2024, 01:05:36 AM

Just have a lot of patience. Bitcoin is not easy as it looks. If I am gonna take serious and gonna spend my time in here and gonna focus in the market im gonna read a lot of strats and gonna focus on how to read charts. But for now i am fine holding it and not gonna bother wheter it goes up of down.

You have also made a pretty good choice by just holding it without any influence from the rise and fall of the price of the asset you hold. Because those who like to hold and also like to trade with things other than Bitcoin will certainly choose a different method from you because they basically also really need a way to read charts. And also how to analyze the market so that you don't act wrongly when there are changes in the market that can make you profit, so everyone certainly has their own focus and strategy in responding to this at a certain time.

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