Do you withdraw bitcoin this week? - page 4.

Ozero

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Quote from: Greggry on March 31, 2023, 11:12:40 AM

I'm sured people who invest on bitcoin early March will likely get increase as of last month the price was lower compared to ending. Early March it around $23,400 but today is up to $28,600. I know impatient investors will grab the hot cake and run out of the fry pan Lol. But still hoping to use the fry pan again. This little pump shows the possibility of huge pump coming. If you're holding hold tiet and if you don't have and if wish to buy is still good ideas. Also if you withdraw is your money enjoy.

Keep the record that it will pump no matter the delay.

Traders do just that, trading cryptocurrencies in short and medium positions. However, as far as I know, bounty hunters are more long-term holders of top cryptocurrencies. Of course, some bounty hunters are also traders and this only helps to achieve success. In my opinion, a significant proportion of bounty hunters are looking for significant periods of price rise and fall, given the four-year cycles of Bitcoin halving. This gives a good stable profit, but on average once every four years. Therefore, you can not chase small profits, but wait until 2024-2025, when bitcoin can reach a price of one hundred thousand dollars.

Adbitco

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That's why is not always advisable to jump out of the market in a haste rather to settle for one, is either you hold for long term and then enjoyed all the benefits that may comes out of it.
Although if they decides to jump out is of their own choice maybe they felt comfortable with the little take profits (TP) than for them to entirely lost what they have already made from the changes for the past 20 to 30 days of the market increments.
I only withdraw bitcoin whenever i am in need of fiat to sort out some basic needs hence i hardly altered my bitcoin.

yohananaomi

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Quote from: ilovealtcoins on April 01, 2023, 08:12:03 AM

Quote from: heslylamba on April 01, 2023, 05:54:47 AM

I think it is important to take profits if you see such an opportunity. But I'm still not selling my bitcoin, I'm going to keep it for a couple more years.

Taking profits is never wrong. But if you're investing with lazy money and don't need to use them in the near future, you're better off holding. Bitcoin is suitable for long-term holding, and in the long run, bitcoin returns can be many times its current value. Although the market recovered from the bottom, I made a sizable profit but I still want to be greedy and will hold for longer.

of course everyone wants to get the highest possible profit and that is a natural thing as those who have invested a lot of funds for bitcoin. but of course even though bitcoin is a long term investment, at least after approaching the last ATH, it is better to let go and wait for it to drop again. then buy it back, and do the same to save it for as long as the next halving period.
because the halving cycle will occur every 4 years which is indeed the time to look for profits before continuing to save for a long time again.

kelechi

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Honetly after selling btc from my Ownr wallet considering re entering, feels like it was greedy sell

ilovealtcoins

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Quote from: heslylamba on April 01, 2023, 05:54:47 AM

I think it is important to take profits if you see such an opportunity. But I'm still not selling my bitcoin, I'm going to keep it for a couple more years.

Taking profits is never wrong. But if you're investing with lazy money and don't need to use them in the near future, you're better off holding. Bitcoin is suitable for long-term holding, and in the long run, bitcoin returns can be many times its current value. Although the market recovered from the bottom, I made a sizable profit but I still want to be greedy and will hold for longer.

jeraldskie11

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Quote from: LogitechMouse on April 01, 2023, 07:06:47 AM

Sometimes, selling your Bitcoin holdings is a good thing especially if you just want to reward yourself.

For sure, those who have long positions this month might end up having a huge profit because of the pumps that happened with Bitcoin. Now as for me, I didn't sell any of my Bitcoins (aside from the ones that I'm using to pay some bills), because I don't need to, and below $30,000 isn't my target selling price. I will only start selling my Bitcoins that I'm holding for a long time when the price of Bitcoin reaches it's past ATH of $69,000. Will do Dollar-Cost Averaging on selling on that point. I don't want to do the same mistake that I did last 2021 where I just watched the market go up, and up, and up, and didn't sell any of my holdings.

As for the impatient investors out there, as long as they got profit then there's noting wrong with it. The problem is they are impatient enough to sell their Bitcoins at a loss. Well, I just hope that all of us have strategies on when to enter, and at the same time, when to exit when needed.

It is very impressive that you will hold Bitcoin for a long time until it surpasses the ATH. I think it takes a lot of time, not just days, weeks but months before it happens. For me, it's better to sell Btc than to wait for a long time especially if you can have a big profit from it. I also know in my self that there is always retracement and it is better to wait for it before to enter. I experience that in 2021, I have seen that there should have been a big gain but it turned into losses because it was not withdrawn or closed the position. So now I have learned a lot, I don't need to wait long to take profit. However, it's good to feel that ''one time big time'' but you have to be clever with your funds since it's real money and the results can really affect the emotions. The small income, as long as it is consistent, will be big if you add it all. Small progress is still a progress.

FrozenBit

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Quote from: Greggry on March 31, 2023, 11:12:40 AM

I'm sured people who invest on bitcoin early March will likely get increase as of last month the price was lower compared to ending. Early March it around $23,400 but today is up to $28,600. I know impatient investors will grab the hot cake and run out of the fry pan Lol. But still hoping to use the fry pan again. This little pump shows the possibility of huge pump coming. If you're holding hold tiet and if you don't have and if wish to buy is still good ideas. Also if you withdraw is your money enjoy.

Keep the record that it will pump no matter the delay.

Looks like the OP is only saying this for the short term, and I think there's nothing to think about if it's already profitable. Everyone will have their own strategies as I'm not sure if you'll only see BTC reach its current value compared to early March, or have you set your sights higher than that since the start of your purchase. or not. Personally, I am not a beginner to buy bitcoin, as I have bought at various value levels the profits have come to me but I do not have a plan to get the profits I still want. accumulate more BTC, perhaps 2024 2025 will have many big changes, so please observe.

Patrol69

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I have already put some amount of BTC in my wallet to watch the price of Bitcoin increase at a certain rate every month. Although I am having some financial problems but if I can struggle for some time then maybe I can make good profit. Because since the beginning of 2023, we have seen the price of Bitcoin increase at a certain rate from the beginning of each month to the end of the month. As eBitcoin price has increased every month, I am hopeful this April that the price of Bitcoin will pump more than other months and I will earn a good profit from the amount of Bitcoins I have left in my wallet.

Lida93

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Quote from: Greggry on March 31, 2023, 11:12:40 AM

I'm sured people who invest on bitcoin early March will likely get increase as of last month the price was lower compared to ending. Early March it around $23,400 but today is up to $28,600. I know impatient investors will grab the hot cake and run out of the fry pan Lol. But still hoping to use the fry pan again. This little pump shows the possibility of huge pump coming. If you're holding hold tiet and if you don't have and if wish to buy is still good ideas. Also if you withdraw is your money enjoy.

Keep the record that it will pump no matter the delay.

Everyone's invest plan wouldn't be same as this is based on how or what they intend to do with their money when and how long. What am saying is, some investors are there the plan of withdrawing every little but significant profits that accrue from their investment in every rise in bitcoin price, waiting to see another rise in profit to withdraw again and keeps going for them as long as the bull keep taking place in intervals but some others it's ain't like that, they want to keep the profit on the investment keep pilling up possibly to an ATH they have in mind no matter how many years it takes.

ElmedoRator

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In the investment market, profit taking is a very important part of an investment strategy. My view is that profit taking is necessary, and should be done intelligently and with a plan.

First, I believe that profit taking should be based on technical and fundamental indicators. While investing, I always monitor the technical and fundamental indicators of the assets I am investing in to evaluate and make decisions. When I notice that the asset's price has reached a high and there is no potential for further upside, I plan to take profits.

LogitechMouse

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Quote from: Greggry on March 31, 2023, 11:12:40 AM

~
Keep the record that it will pump no matter the delay.

Sometimes, selling your Bitcoin holdings is a good thing especially if you just want to reward yourself.

For sure, those who have long positions this month might end up having a huge profit because of the pumps that happened with Bitcoin. Now as for me, I didn't sell any of my Bitcoins (aside from the ones that I'm using to pay some bills), because I don't need to, and below $30,000 isn't my target selling price. I will only start selling my Bitcoins that I'm holding for a long time when the price of Bitcoin reaches it's past ATH of $69,000. Will do Dollar-Cost Averaging on selling on that point. I don't want to do the same mistake that I did last 2021 where I just watched the market go up, and up, and up, and didn't sell any of my holdings.

As for the impatient investors out there, as long as they got profit then there's noting wrong with it. The problem is they are impatient enough to sell their Bitcoins at a loss. Well, I just hope that all of us have strategies on when to enter, and at the same time, when to exit when needed.

heslylamba

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I think it is important to take profits if you see such an opportunity. But I'm still not selling my bitcoin, I'm going to keep it for a couple more years.

ethereumhunter

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Investors really have seen how much profit they can make at this time. But the old bitcoin investors will not sell it at this time but are still waiting for the price to touch the next peak so that their profits are at the peak of profits. But some investors have sold their bitcoins and are profiting while hoping to buy them at lower prices again. And I have sold my bitcoins but will use them to meet my family's needs because there are still deficiencies that cannot be fulfilled from my salary so I have to add them with bitcoins.

Dr.Bitcoin_Strange

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Well, I think some people jump into the market with the aim of taking the little profit they can get when the price is up. Some have the vision to sell at $30k because the speculation was so high that Bitcoin would hit $30k before the end of the match, but since some investors that don't want to hold for long did not see the $30k price, they chose to sell and move on, or hold in fiat until the market gives them another opportunity to buy. Possible this month, we may see the $30k price or more, but if the price falls, then it's an opportunity for those you think jumped out of the frying pan to buy again, but if it doesn't fall, some will still have regrets.

Supreemo

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Quote from: kawetsriyanto on March 31, 2023, 05:19:47 PM

Quote from: bittraffic on March 31, 2023, 01:16:24 PM

Nothing wrong with withdrawing cash.
While some may withdraw their fiat money to enjoy, some will withdraw thier BTC out of the exchange also to prepare for the coming bull run.

Sure, everyone has the right to withdraw their own money at any time.
Yep. People who are serious to invest in Bitcoin and know well its potential, prefer to withdraw their BTC from exchanges to their private wallets. They should have no reason to convert BTC to fiats now because it is just a little pump. Most long-term investors must target a new ATH to sell their Bitcoin, right? Wink

Quote from: Pandji02 on March 31, 2023, 02:37:24 PM

Nah, I'm not selling my Bitcoin anytime soon. Yeah, right now I'm already in profit, but I'm gonna wait until at least $100K, I know it's possible in a few years or so.

Me, too. I also don't sell my Bitcoin yet. But I never target it should be $100k, it is too speculative. No one knows how far Bitcoin to increase in the next bullrun.

as for me i'll try to make it more realistic by aiming $50k, but nah didn't have a plan on selling yet, besides it's not as if I need some urgent cash, so i'll just stock this all up and let this rot on my storage.

there is nothing wrong about taking profit as long as it is profit, even a small profit is still considered profit. though bitcoin is very volatile, an investment requires a lot of patience specially since it's really volatile and anything can change within a minute or so. as for this week by the way, I was hesitating if I should take some of my bitcoins to pay for the upgrade on my computer, but I guess I still need to wait for a little bit since it's not that urgent and the computer is still working fine.

Helena Yu

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Why should I need to withdraw my coins this week? I'm not a trader or need a money in hurry, I'd rather to hold until the new bull run and sold some of them, then accumulate more Bitcoin during bear market, repeat. The 10-20% increment of Bitcoin price didn't make me satisfy to sold my coins.

I didn't want to recommend to you, but altcoins price is more volatile than Bitcoin, it's can increase or decrease more than 10-20% in a day.

hitsnorth

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For me selling Bitcoin right now is pointless. I was buying it below $20K recently, but I was also buying it above $30K last year. I wouldn't even sell it for $50K, I know for sure it's gonna go higher.

worle1bm

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I was not in need of funds that I need to withdraw fromm btc by selling it so no I didn't sell any of my coins but yes if we are in need we can sell them but if we are doing it on profit margin it's well and good.The recent price surge has given some investors chance to withdraw small profits also who have been waiting for so long to cash out from market but for me I am into long term holding and will sell few when I get satisfactory returns or need them urgently.

Dr.Osh

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yes, those who have invested from the beginning of this year can already feel the benefits of investing from bitcoin. if you have a lot of bitcoins then it's fine to sell some bitcoins to reward yourself. however, it would be better if you endured it in the long term. in fact, in just a few months, bitcoin price developments have been very profitable for now. there is still a big possibility that from now on bitcoin will recover in price and close to its ATH, maybe the current target is $30k. However, the halving is very close, it would be great if we don't sell the assets we have now, and hold them until the halving comes.

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Quote from: BD Crypto on March 31, 2023, 05:40:00 PM

I think Bitcoin will pump more and it's just beginning of pumping. So it's not a wise decision to withdraw Bitcoin so quickly. If you want to grab more profits hold it till the next bull run. Again anyone can enter the market now as it's didn't pumped too high.

I agree with you. Bitcoin price is going up a bit after being dumped for a long time. Bitcoin price is expected to go up again very soon. It would be very foolish to sell all the Bitcoins we have now. So I think. Now we have to hold the bitcoins. And when the market conditions are good then we have to sell them. If we sell these bitcoins now I don't see anything but big stupidity for us.

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