Topic: BTC profit taking strategies? - page 5. (Read 1334 times)

I kinda like your strategy actually selling it by portion I mean there was still no guarantee on Bitcoin market price even though a lot of us are already hoping and probably know it already that Bitcoin might reach over 100k$ in the future but still, we can't deny how risky Bitcoin or cryptocurrency investment is, there was no guarantee to its market price since the market is just drive by the supply and demand in the market, in theory with the 21 Million supply it might probably skyrocket in the future because of its limited supply and high demand by something could easily come up and probably after a few years Bitcoin might not exist anymore we just doesnt know it right. So selling as long as you are profitable is always going to be reasonable for me, I've done selling a small percentage as well in the past Bullrun and I can good profit on it.

As long as you buy it at a low price and sell it at a high price you gonna make a good profit on it right, so there was no loss on your part, you can always remember that profit is still profit and you can always buyback, the market is a huge cycle so there are always going to be an opportunity to buyback.

Thank you all for your replies and the ongoing discussion. I feel it might help to clear some things up if I expand on my proposed strategy.

My thinking is that, where the price is now (between $80K-$100K CAD), I'll most likely just hold what I have.

If and when the price climbs above $100K, I'll start selling in increments at 1 or 2 week intervals, based on what the current price is:

0.01 when BTC is between $100K-$125K CAD
0.0125 when BTC is between $125K-$150K CAD
0.015 when BTC is between $150K-$175K CAD

...and so on.

That way, if the price doesn't go much beyond the previous ATH this bull season, I'll still be able to hold most of my BTC through the next bear market and into the next bull market. Conversely, if it does go way beyond the previous ATH, I should still have BTC available to sell in that point. I'm trying to be prepared for each eventuality. I'm wary of selling too much in too few increments only to run out of BTC and see the price shoot past my ability to take advantage of it. If, on the other hand, that means that the bull market ends and I still have most of my BTC, then that's fine, there's always the future bull markets.

Also, in the event that the price drops down again, I'll stop selling and DCA back in. I don't intend on selling anything below $100K CAD. The overall value of my BTC is already significantly higher than what I've paid in so far, and I'd like to keep it that way. I'm not going to sell anything at a loss.

My only personal experience of a previous bull market was in 2021 when we saw 2 separate ATHs. So if we experience something similar where the price surges for a while, then dips back down before surging again a few months later, I'll match what the market is doing on a weekly or bimonthly basis. While it's up above $100K CAD, I'll sell in increments based on the current price. When it drops back down below $80K CAD, I'll go back to buying at a certain $ amount. Between $80K-$100K, I'll hold.

I hope that clears up some confusion.

For most of long term hodlers, this would be the option they prefer most. Selling only when bull run hits the market with its new all time high. However, this is not the only profitable strategy in the market, either selling all at once or selling portion of bitcoin consistently, same will result into profits. So I think the strategy planned by OP is still good and reasonable.

This depends on individual preference. What matters most is you don’t rush to sell at a loss, but you are still waiting for the right time to sell and that only means selling when the price is higher from the position you first bought your coins.

It should depend on you and your wife. If you are not planning to retire in the next ten years, then you should not hurry to take profits. It will be too early to start taking profits. But, If you are planning to retire within the next three or four years, then profit-taking with the DCA method is not bad. I always believe that Bitcoin will be a couple of times in the next ten years. If you can hold it till 2029, I guess your 1.5 BTC will be more than $250K which is over 300K CAD. So, it's up to you.

A friendly advise. Please do not reveal how much you have and you holding. These are important thing and you should keep these thing private. Do not talk to people in private message. Always discuss in public so everyone can see if they are trying to fool you or not. Cheers!

BTC profit taking strategies are ok but not all strategies are equal your strategies may be wrong for taking bitcoins. We all know that the right time to invest in bitcoin is when the price is going down. If the price is high it is better to stop buying for the time being. Plan ahead and understand the market well along with planning for long term holdings. Planning before doing something exercises our brain and generates better ideas planning allows us to see our work in a different light.

The strategy presented is actually good and I think that will certainly work while the market is still bullish. Selling some of your coins at a consistent manner is never a problem as long as you sell in profits, the trouble will only arise when you sell and suddenly the price went down unexpectedly, and end up selling at loss. But if you are good in timing the market, then there’s no issue with that.

Now, I suggest to keep DCAing as well even with a small amount. That will help you retain your bitcoin in your portfolio and make you capable to still enjoy your bitcoin profits in the future bullish market.

The market is always changing, and new information is always coming out that can affect the value of investments. Being able to stay on top of this information and make informed decisions is really important, because if you fail to equip yourself with the required knowledge and information, you might end up making decisions that'll end up affecting your investment or putting your assets in jeopardy.

I don't think, this your strategy will help you to make a potential income that will make other investors to follow your new strategies because there are popular strategy many investors are using to accumulate income from the market, and is very simple to use to embrace income from the market.  If you want to take a huge amount of income from your investment, try to purchase Bitcoin when the price is very low in the market, and try to apply long term holding which is the simple strategy many investors are using to grow their wealth every bullish season. I know, investors are making income from weekly transaction but you cannot use short term investors to compare long term investors, because the income long term investors will make a year, it will take short term investors some years before they can make half of the income.

Weekly candles are better than daily candles but sometimes we need to zoom out more, with monthly candles to see a bigger trend.

With latest bullish movements of Bitcoin and lasts for about six months, people are thinking of corrections and I see two scenarios.

Bitcoin can continue to rise, make Short squeeze before it actually goes with a correction.
Bitcoin can have a correction, before climbing higher.

With not clear resistance above $64,000, Bitcoin potentially can easily break $69,000 that is 2021 all time high and when it breaks that range, moon we go until a Long squeeze happens.

Technically we also have to look at how the weekly candle closes, whether the candle is bearish or bullish. I think it's true because there is a desired target, meaning you range and consolidate before the market decides to re-enter the market. When we see bitcoin going up, selling pressure kicks in again and pushes the price of bitcoin down. in this sideways condition, we can make a short trade to take daily volatility to make a profit. In the long term, we have to be patient and wait at least until the end of this year to get even better profits.

Not bad of a strategy if you don't want to sell all your bitcoin while maximizing your opportunity to make profit. However, it would be best to just let that bitcoin sit tight on your wallet since we're heading to another bullrun in the post halving. We are most likely gonna see another unprecedented pump that could potentially hit the 6 digit mark in USD. So, I thought it would be wiser to sell all your bag in one setting when that happens.
Nevertheless, bitcoin will for sure hit more than $150k CAD sooner.  

That can be a pretty good option to do because apart from you will enjoy the proceeds of the sale, you will also continue to have btc in your portfolio.
I'm actually thinking of doing the same thing as you right now because I've also been doing DCA for the past few years and will be slowly releasing it to make the profit I have because the profit potential will still continue to exist in this era of increase.

I think that when releasing bitcoin that I have as long as it is not a loss and is included in the release target of the initial plan then it can be done and it is still a good option. Although surely in this case there will be some people who are pro and contra to this but if indeed we have decided that then it returns to ourselves because there will be no coercion in this case to maintain and release the bitcoin we have.

YOur strategy sounds good to me.  As long as you are satisfied with the result then there will be nothing to add.  I may have my own strategy to take profit but each to their own, besides your approach is being careful not to miss the possible surge in price during the Bitcoin rally.  Setting a price to sell like the earlier reply stated is also one good approach, the only flaw is that you may miss the possible much higher price when BTC keep on surging after it hits your target selling point.


I think there is no need to hold 0.5 BTC because it will be a waste of profit since @OP is planning to DCA again when Bitcoin enters the bear market.  If they are able to sell at a profit, that 0.5 BTC can earn more BTC when the price of BTC drops during the bear market.  A typical sell high buy low strategy and that is really good.

] As I see the topic, I just know that it is a newbie with their fat lies. You were investing in bitcoin since the last  All Time High and you didn't know that this forum is an existence. You have been investing in bitcoin for years but yet you don't know when the bull market will start. You are still saying the "Forthcoming bull market" when you supposed know that we are already in the Bull Market. Op it is not know we will know you more but late in the year forum you contributions to bitcoin related topics will tell us who you are. If really you are a legend in bitcoin.

Op your strategy can't work for all but probably you. We all know how to use the DAC method of investment but not your pattern.

I support the point you stated, do everything in accordance with what you know and trust yourself because you actually have the position and opportunity to enjoy the results. We all have faith in bitcoin's price increase and make speculations about its future target, but the truth is that it is uncertain and is only the basis for initial belief. Simplify things with patience with the plan and you will also feel satisfied, and grateful for the journey.

Anyway, everyone has different investment strategies, so don't try to copy ideas or impose strategies from others. Wishing you and your family a wonderful journey with bitcoin.

I agree with you. It sounds very strange to do reverse DCA when the BTC price has not yet reached its peak, in fact the price is still below the ATH and has not created a new ATH pattern. why not try to restrain yourself, especially since the halving period is getting closer and will most likely create a new ath.

However, we can only suggest that the decision remains in OP's hands because each person's strategy will be different and each person's needs will also be different. Maybe Op did a strategy like that because there was something because he wanted to buy a house so he needed to utilize 1.5 btc assets in the short term.

That's a pretty solid strategy. One thing I might add is that you should never exit 100%, unless you want to gamble a bit. Bitcoin is stable and in general is bullish, if you look at what it does every cycle. I believe that in near future you won't see deep corrections anymore, as it matures into a store of value. You could see it by looking on charts that every bear market correction gets more shallow and it's going to speed up in near future. 80% corrections are long gone and we'll start seeing 50% bear markets then 30% and so on.
The deal is, you don't know when the flip will happen but it will and one day you'll DCA down from what you think is the top and see a 10% correction followed by a 30% move up over the course of a year and that will be the end of the whole bear market.
My plan is to spend bitcoin during bull markets on the things I need and not try to turn it to its inferior form (fiat money) just to save myself from a possible correction.

It's a good strategy, but if this cycle will play out similar to the previous ones, it's better to wait with the selling until the price reaches at least 1.5x of the last ATH - so above $100k USD. Then you cast start selling progressively more and more. You don't need to time all or even most of your selling at the next ATH - that's unrealistic, but getting 80% close to it is a pretty good result.

Totally depends on you and just checking out on the things you have said or mentioned or method then you are selling out in increments basing up into its movement or increase on which it isnt really that a bad idea.

The only issue i do only see on this one is that whenever the market would be making out that trend shift. Then are you will to wait up for another 4-5 year cycle before you could be able to sell out again?
You would really be needing also to consider about your average price entry because we know that once  this market would be having its bear market period then it could really go its price into the floor
on which it would really be that resulting into such potential huge problem that you could really be having when you do see your portfolio is on negative.

Profit is profit,take whenever you do seem fit. We do have our own takes and considerations on when we should really be that taking that profit.
Just dont expect too much though because this market could make out that u-turn in a snap.

Your BTC strategy on pulling out your profits sounds very nice and would be great if bitcoin continues to move in the direction you’ve predicted it to, because that’s the only way you can get perfect result for what you want. I thought you were going to get a house after selling some part of your BTC but seeing how costly it is to own a house over there, I don’t think that is achievable this coming bull run since you already want to keep and bag more for another cycle. With the current worth of bitcoin, I can get a decent house here in Nigeria and still have some money left to use. I wish you all the best in achieving your future goals of getting a house with your wife. I hope the bull run favours you to get a huge down payment for the house you want.