BTC profit taking strategies? - page 2.

Zanab247

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Quote from: mindrust

The right answer varies from person to person. How much do you have in btc? Do you hold everything in btc? What's the cost of life in your country? What's your age? Do you own a house? etc... Based on the answers you'll give to these questions, you should follow a specific asset liquidation strategy. Since we don't know your situation, we can't give you any meaningful advice here.

Here is an example:

Is the money in btc enough to buy a house? If you don't own a house at the moment > sell btc and buy a house.

If you want to hodl everything in BTC before you can sell, you will miss it all because anything can happen that will make market price to remain low or disappear from the market because we know that BTC will not live forever, so why do you want to hodl everything before you can sell your BTC to achieve everything.

If it is the capital to start a business you will achieve from the hodling, you are good to release the BTC to get the capital and still continue to use every opportunity to buy BTC when the price is low, so that you will still look for way to achieve another thing from your BTC investment.

BTCBroker2016

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Your plan to sell a portion of your Bitcoin as the price rises seems like a sensible strategy to lock in profits while still retaining exposure to potential gains. Just be sure to consider your long-term goals, risk tolerance, and potential tax implications. Staying informed and seeking advice from professionals can help you navigate the market effectively. Good luck with your investment journey!

atamism

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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.

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Quote from: amihada on March 23, 2024, 02:50:44 AM

The strategy for making a profit from investing in Bitcoin is to be patient and persistent, don't be rash in drawing conclusions, for example releasing Bitcoin without careful calculation. This can only be done by people who will regret it in the future, but for people who are patient and don't be careless, they will make a profit by investing in Bitcoin.

By having patience in investing in Bitcoin, we will be able to analyze the market well to be able to make the right decision on the investment we make, because when we make a decision in a hurry, the decision we make may not necessarily provide a profit on the investment. what we do, so it is important for us to be able to analyze well so that we can make the right decision on the investment we make and will be able to get a profit on that investment and everyone has a different strategy for getting a profit on their investment and the best thing that can be We do this to be able to make a profit in the way you have mentioned. We have to be patient in deciding something related to the investment we make.

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Quote from: FinePoine0 on March 22, 2024, 04:34:37 AM

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

Hey guys,

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.

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.

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?

But if you have 1.5 bitcoins you should definitely keep it. And if you decide to sell too soon, you'd be wrong. The current month of March is the month before the halving takes place. The halving will start in April, the year after the halving 2025 there is a Bitcoin bull market. If you can wait till 2025 then surely you can sell bitcoin at 150k plus dollar price. So I think you will benefit the most if you decide to stop selling Bitcoin at present and continue your hold until 2025.

But do you have any evidence assuring OP that bitcoin will reach $150k after halving? Or is what you say just your prediction like everyone else and it may or may not happen? We all expect a bigger bull market after the halving but we have nothing to guarantee it. Furthermore, there is nothing wrong with setting investment goals as long as you are satisfied with the returns you have set. If OP sells bitcoin at the current price and is satisfied with the profit he receives, there is nothing wrong.

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The strategy for making a profit from investing in Bitcoin is to be patient and persistent, don't be rash in drawing conclusions, for example releasing Bitcoin without careful calculation. This can only be done by people who will regret it in the future, but for people who are patient and don't be careless, they will make a profit by investing in Bitcoin.

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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.

There are so many strategies we can follow and we can also create our own whether we are traders or investors. Many of us are in the space to make money for ourselves and live a God lifestyle. Whatever strategy or pattern we can follow to make money in the market, we need to follow it so that we can get what we wants from the market without spending more than we supposed.

There are people spending more on a daily just to get signals and strategies that would help them make money from the cryptocurrency space. It is important we know what we are doing and endeavor we achieve our aims without limits. There is time so we don't have to see it like we are late in the market. The space is big enough for anyone to make money from cryptocurrency.

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

Hey guys,

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.

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.

With that amount of bitcoin, I am sure that you can achieve your goals.

Quote

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.

To be honest this does not seem too much of a good idea. Well I see the logic behind it but it’s not the best execution why? Because you never when the cycle will dip and if you had already planned on buying something at a specific time then you might not be able to pay it off with only that much sats (satoshis) you wouldn’t want to be cornered into an emergency and suddenly sell your bitcoin at a wrong time just to pay something

ancafe

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

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.

If you are not sure about the conditions that will occur then it is better to make a sales percentage so that you don't have to think about many things in bullish market conditions. No one is able to make definite predictions about the price of Bitcoin as the market progresses, but people can take the closest price as a step to predict the next price because that is actually how someone makes price predictions.

The DCA method can be applied in any condition to take a fixed accumulation and people don't need to think about the purchase price at what position. Because the most important thing is that we can accumulate consistently at all times even though the market is experiencing price increases.

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?

I am more considering how to accumulate purchases because talking about profits we can wait for ATH. In fact, what we need to think about is how to collect bitcoins because if we just wait for the decline then we cannot collect bitcoins gradually for a certain moment. DCA is still a good strategy to implement because we don't need to wait for the price to buy and when it can be done consistently the assets will definitely increase slowly.

danadc

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The possible strategy to see profits in bitcoin is essential, for now stay in Hold mode and that's it, unless you want to make a trade seeing the ups and downs of the market, but that puts my money at risk, I didn't, I'm more go to the safe ones, try to buy if the price drops more, don't buy everything, but wait, because if the market goes down more then there are many more satoshis, and that increases my money, we have to value the satoshis a lot, for me that Things when they are of this style must be very well biased towards what is possible and that it is safe, to take the funds what I recommend is when the bitcoin is or reaches more than $100k, but I see that a much higher price can happen high it can take.

I respect those who want to take profits now, but this is just beginning, and things could get more exciting.

Volimack

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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.

FinePoine0

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

Hey guys,

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.

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.

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?

But if you have 1.5 bitcoins you should definitely keep it. And if you decide to sell too soon, you'd be wrong. The current month of March is the month before the halving takes place. The halving will start in April, the year after the halving 2025 there is a Bitcoin bull market. If you can wait till 2025 then surely you can sell bitcoin at 150k plus dollar price. So I think you will benefit the most if you decide to stop selling Bitcoin at present and continue your hold until 2025.

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Quote from: Kristiyana on March 22, 2024, 03:34:59 AM

In my own opinion, the best profit taking strategy is making a Long term investment with bitcoin. just imagine investing in bitcoin when the value was low and you're patient enough to hold on to it till this time, I'm pretty sure that the profit will be massive, because bitcoin investment isn't what you just invest probably after investing you begin to expect profit to come anytime soon. as Investor if you really need to get profited from investing in bitcoin, you have to make a long term investment with it,but always remember to invest what you can afford even if you lose.

Indeed, this is necessary to at least survive in the long term and stay in the mainstream by using BTC as an investment option. As stated by @CryptopreneurBrainboss Smart people always read opportunities to buy BTC and the current correction is also a momentum for them to buy and increase their ownership of BTC assets.

Well, I'm sure, with good governance we can also make a lot of profits in the future like them even though the nominal amount of our BTC holdings is much different and it seems like the market is almost approaching its peak where the halving is getting closer in sight. I think for this moment, everyone must have their own tips, tricks and strategies for welcoming this moment, whether by using DCA or other techniques that they feel are the safest, most comfortable and suitable to use. the important thing is that we can continue to buy BTC as much as we can.

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Quote from: CryptopreneurBrainboss on March 22, 2024, 12:07:41 AM

Quote from: amihada on March 20, 2024, 09:51:38 PM

Everyone has different strategies according to their own lives. Maybe your plan is good but not necessarily good for other people and vice versa. In my opinion, a good strategy is to sell when the price of Bitcoin goes up and wait when the price of Bitcoin goes down, then buy again. That's all. It's easy for me to take advantage of Bitcoin as long as I patiently wait for a long time.

People shouldn't be forcing their strategy on others, there's already a proven strategy that never fails anyone that uses it which is to hodl Bitcoin so why are others trying to invent their own strategy and forcing it down on others. We're concentrating on the wrong thing here, the focus should be more on how to buy Bitcoin. We have to speak more about the different strategy that new investors should be using to accumulate Bitcoin and not how they should be selling. You don't sell a rare precious stone (asset) which is what Bitcoin is.

Trying to time the market doesn't favour everyone but hodling favours everyone, you don't need special talents or knowledge to hodl Bitcoin but not knowing how to time the market perfectly can make you to lose you Bitcoin and getting it back will cost you more. What's the reason for taking profits (selling your Bitcoin) is it that you need the money or you're just trying to outsmart the market? Let it be known that the smart investors aren't those trading the markets but those quietly buying as many Bitcoin that they can get their hands on like Michael Saylor (MicroStrategy).

In my own opinion, the best profit taking strategy is making a Long term investment with bitcoin. just imagine investing in bitcoin when the value was low and you're patient enough to hold on to it till this time, I'm pretty sure that the profit will be massive, because bitcoin investment isn't what you just invest probably after investing you begin to expect profit to come anytime soon. as Investor if you really need to get profited from investing in bitcoin, you have to make a long term investment with it,but always remember to invest what you can afford even if you lose.

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Quote from: amihada on March 20, 2024, 09:51:38 PM

Everyone has different strategies according to their own lives. Maybe your plan is good but not necessarily good for other people and vice versa. In my opinion, a good strategy is to sell when the price of Bitcoin goes up and wait when the price of Bitcoin goes down, then buy again. That's all. It's easy for me to take advantage of Bitcoin as long as I patiently wait for a long time.

People shouldn't be forcing their strategy on others, there's already a proven strategy that never fails anyone that uses it which is to hodl Bitcoin so why are others trying to invent their own strategy and forcing it down on others. We're concentrating on the wrong thing here, the focus should be more on how to buy Bitcoin. We have to speak more about the different strategy that new investors should be using to accumulate Bitcoin and not how they should be selling. You don't sell a rare precious stone (asset) which is what Bitcoin is.

Trying to time the market doesn't favour everyone but hodling favours everyone, you don't need special talents or knowledge to hodl Bitcoin but not knowing how to time the market perfectly can make you to lose you Bitcoin and getting it back will cost you more. What's the reason for taking profits (selling your Bitcoin) is it that you need the money or you're just trying to outsmart the market? Let it be known that the smart investors aren't those trading the markets but those quietly buying as many Bitcoin that they can get their hands on like Michael Saylor (MicroStrategy).

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Yeah, I would have suggested you the same way. You can DCA in and DCA out. You won't be making your maximum profit, but you will be risking less. But if you can hold for long term and you won't be needing the money anytime soon and you don't want to deal with the market volatility or headaches, then just keep holding until you reach your profit goal. Like you said, you are waiting for the price to reach $100k CAD (which I guess is around $75k USD? Then keep holding it until you reach your goal. While you hold, you can keep on investing without worrying about the current price. Once it hits your target, you can take like 75% of your profit and hold the rest while choosing a new target.

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Quote from: Pi-network314159 on February 29, 2024, 01:04:23 AM

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

Hey guys,

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.

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.

I would sudjest you HODl 0.5btc and sell 1 btc which you and your wife can buy a house and invest in a regular income generation investment, which you will be aiming small small money so that you won't think of selling your holdings. This reason has made many people sold their investment when they where not even matured. You guys should try not to sell all. A time will come when you will regret selling it at this price now. Just as early adopters did and regretted later. To HODl $1.5btc is not an easy thing which you should know that many people might spent 15 to 20 year to be able accumulate such value keep HODling a little it is to early to see off. Like I said sell some and reserve some in your wallet, btc will set another ATH.

Nice strategy i support your plan. op can sell his 1 bitcoin at once when it hit $100k in his local money and buy a nice house and then hold the rest 0.5 bitcoin for long run. also he can invest by using DCA strategy from his regular income which you mentioned. because no one knows if the price of Bitcoin will go up or down after crossing $100k. so if the price of bitcoin falls again, then the op will suffer a lot and will have to refrain from buying the house.

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Quote from: amihada on March 20, 2024, 09:51:38 PM

Everyone has different strategies according to their own lives. Maybe your plan is good but not necessarily good for other people and vice versa. In my opinion, a good strategy is to sell when the price of Bitcoin goes up and wait when the price of Bitcoin goes down, then buy again. That's all. It's easy for me to take advantage of Bitcoin as long as I patiently wait for a long time.

But OP is talking about profit taking meaning selling some while the price is really high , this is another type of strategy comparing to complete holding.
some use this to sell high then buying Low because we know that there is always trend and that made many uses that strategy now.
myself have this also and waiting for the dump these days.

MusaMohamed

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Quote from: boty on March 21, 2024, 06:28:26 PM

In investing, of course each person has a different strategy from other people in achieving their investment targets and of course they have very good mastery of the field they invest in so that they can make a profit on their investment and if indeed you can know when is the right time for Bitcoin to rise and also down, of course it will be very easy for you to get a profit from what you invest, but because the price of Bitcoin is very difficult to predict, I think it would be better for us to collect it gradually and hold it for a long period of time to be able to make a profit from holding a number of Bitcoins.

Investment is an activity to spend your money, buy something, hold it, and at the end, to get profit.

So taking profit from your investment is a good practice but how to do it to get profit but still ensure that you will gain more profit in future is a hard task.

Michael Saylor Interview: Why You NEED At Least 0.1 Bitcoin (2024).

If you invested in bitcoin, and now you are getting good profit in digital number, like 200% ROI or higher, it's good if you take profit with 30% or 50% of your capital but as I list two main tasks.

Taking profit and enjoying it.
Ensuring that you will gain more profit in future.

After taking profit 30% or 50% of your capital, you can reserve the rest for higher prices of Bitcoin, for next 2 or 3 cycles till 2028 or 2032.

The interview above from Michael Saylor and his advice makes sense.

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Quote from: amihada on March 20, 2024, 09:51:38 PM

Everyone has different strategies according to their own lives. Maybe your plan is good but not necessarily good for other people and vice versa. In my opinion, a good strategy is to sell when the price of Bitcoin goes up and wait when the price of Bitcoin goes down, then buy again. That's all. It's easy for me to take advantage of Bitcoin as long as I patiently wait for a long time.

In investing, of course each person has a different strategy from other people in achieving their investment targets and of course they have very good mastery of the field they invest in so that they can make a profit on their investment and if indeed you can know when is the right time for Bitcoin to rise and also down, of course it will be very easy for you to get a profit from what you invest, but because the price of Bitcoin is very difficult to predict, I think it would be better for us to collect it gradually and hold it for a long period of time to be able to make a profit from holding a number of Bitcoins.

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