HOLDING VS TAKING PROFITS DURING BULL RUN - page 2.

Fatunad

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Quote from: Dr.Osh on June 04, 2021, 04:19:59 AM

So far, the only way I've been using it is holding back in the long run. I very rarely try to buy a coin during a pump or bull market, because I think the risk is very big. other than that, I only use the money I save, and I don't use it for a long period of time in investing the tokens I hold. however, we each have our own strategy. I just hope that the price of the crypto pump returns so that the price of the coins I hold goes back up. it's a better way than buying on the rise because we don't know when the price will dump.

We should really set out goals on taking profit on particular level so that once the market had risen up then you would really be having the chance to take out profits and once the market do make out some shift then that wouldn't really be a regrettable thing but actually this is just depending on someones interest and target into
his investment because not all would be having the same mindset into these scenarios or circumstances. So if you do really like to take advantage and wanna see
profits on shorter duration then always consider on making actions on the current or recent market condition.

Sharjeel Mateen

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If you understand the market trend very well then trading with maximum units with lesser price difference will be good. I personally divided my wallets in 3 parts.
(1) First one is for holding coins.
(2) Secondly, for quick buying and selling in spot trading and
(3) Third one is my backup to support my quick trading if market is dip then I use this part for fire fighting. Wink

Dr.Osh

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So far, the only way I've been using it is holding back in the long run. I very rarely try to buy a coin during a pump or bull market, because I think the risk is very big. other than that, I only use the money I save, and I don't use it for a long period of time in investing the tokens I hold. however, we each have our own strategy. I just hope that the price of the crypto pump returns so that the price of the coins I hold goes back up. it's a better way than buying on the rise because we don't know when the price will dump.

BayAngelo

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I must say that this is not an easy process because your profit might be another person starting point. i sold Avalanche and Uniswap token at 4 and 5 usd respectively on on december 2020. till date, i am yet to recover from that loose. i was thinking that what happened in 2018 will repeat but the reverse was the case. i saw the market climb to a significant height. never expected. i learnt a lesson. be contented whenever you take profits.

Hamphser

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Profit taking should be the main priority but there are people who doesnt really like to risk on playing with the market even though its bull run but they do ask for more without realizing that taking profits on point is a must but people do love for more profits thats why they intent to held even more until they do realize when market tends to shift then those profits are gradually been eaten up.

So its better to sell while you can but if you do talk about holding bitcoin then its up to your own choice.Just make sure that you had able to gained
more than with your capital and that what matter most.

awik p

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Quote from: angrynerd88 on June 02, 2021, 05:15:40 PM

Holding is applied if you have excess funds and no need to convert in cash early,then obviously will get maximum profit.To get benefits is basic to a few dealers since they are taking safety measures additionally they require cash to spend. as for me i do it all the time and this makes a difference me have a few cash as well. there are diverse reasons for taking a benefit. some are fair attempting to purchase back when the cost plunges as well.

holding in the long term it is better to use free money, so that our daily needs are not disturbed. this is the same as us saving, only the difference is that our money can grow rapidly, and on the other hand saving does not require risk like investment

angrynerd88

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Holding is applied if you have excess funds and no need to convert in cash early,then obviously will get maximum profit.To get benefits is basic to a few dealers since they are taking safety measures additionally they require cash to spend. as for me i do it all the time and this makes a difference me have a few cash as well. there are diverse reasons for taking a benefit. some are fair attempting to purchase back when the cost plunges as well.

boyptc

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Yeah, i agree with yours idea that we need to withdraw the profit whenever its possible. It's really hard for us to hold a coins for 3-4 years for break even, so withdraw 50% profit and keep 50% to hold is the best option with those want more profit from a coin.

Taking profit should be done if you need to see how much you've made and there's a way that you're going to spend that money.

That's a good idea to take profits but don't make yourself empty by just taking profits. You can take a profit of yours with a few portion of your total holdings but don't let yourself have nothing left because of it.

carlfebz2

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Quote from: onecall123 on June 02, 2021, 11:40:28 AM

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Quote from: wayaneka on May 10, 2021, 11:56:52 PM

We have seen long bear market that started on 2018 until in the beginning of 2021, and during this bearish trend all crypto dumped too much more than 50%, even other low cap coin dumped until 99%. So from this history, for the better take profit when the price high just like now, and if we made big profit like 4-10x, will be good decision to withdraw the half of that profit and the rest amount keep holding. Many trader failed and get loss much money because of too much greedy. Holding for more than 3 /4 years only for crypto that has strong fundamental and professional team behind it.

Yeah, i agree with yours idea that we need to withdraw the profit whenever its possible. It's really hard for us to hold a coins for 3-4 years for break even, so withdraw 50% profit and keep 50% to hold is the best option with those want more profit from a coin.

Not everyone has equal patience, and not every coin intends to hold in the long term. Hold for a short time and take profit would be smart thought instead of crying when coin goes down. At the moment when a coin goes up, take a profit. Figure out how to hold Coin all through this game. If you can't hold on this game isn't for you. Learn when you should take profit then wait for it to dip and reinvest when it dips or just hold the rest.

I had already learned up my mistake in the past on where i do miss out lots of opportunities to make huge profits since i had become that greedy when making out decisions which it shouldnt be a selling point on where price had really dumped and in result into long period of recovery.

You would really be having that kind of feeling of regret when you do miss out opportunity to secure even if you do know that it is already in the grasp of your hand.

Profitability would really vary into each of someones decision or goal in mind because when it comes to decision making then this would be different
to each other.Its true that when it comes to level of patience then there is really difference of it.

onecall123

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Quote from: wayaneka on May 10, 2021, 11:56:52 PM

We have seen long bear market that started on 2018 until in the beginning of 2021, and during this bearish trend all crypto dumped too much more than 50%, even other low cap coin dumped until 99%. So from this history, for the better take profit when the price high just like now, and if we made big profit like 4-10x, will be good decision to withdraw the half of that profit and the rest amount keep holding. Many trader failed and get loss much money because of too much greedy. Holding for more than 3 /4 years only for crypto that has strong fundamental and professional team behind it.

Yeah, i agree with yours idea that we need to withdraw the profit whenever its possible. It's really hard for us to hold a coins for 3-4 years for break even, so withdraw 50% profit and keep 50% to hold is the best option with those want more profit from a coin.

Not everyone has equal patience, and not every coin intends to hold in the long term. Hold for a short time and take profit would be smart thought instead of crying when coin goes down. At the moment when a coin goes up, take a profit. Figure out how to hold Coin all through this game. If you can't hold on this game isn't for you. Learn when you should take profit then wait for it to dip and reinvest when it dips or just hold the rest.

globalpain

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Holding during a bullrun is fun, because you can be 100% sure you have a profit, provided you have to sell gradually,
because if you hold on and don't know about the cycle changes, then your profit will just disappear, remember! This crypto currency has high volatility,
so don't be surprised if you get a profit of up to 100% and lose up to 100% too, be wise

ven7net

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Quote from: doctor877 on April 18, 2021, 06:11:02 PM

It's always advised to take profit at intervals during bull because you never know when dip will come and how far it will go. Contrary, there is a perspective of holding for long to get a maximum profit( as said by CZ : "you can't be rich if you can't hold"). From the little survey i did, holders usually earn more profits that people who take little profits. However this depends on your kind of person and what works for you, holders are patient people who don't care whatever happens along the way. Profit takers see opportunities and take profits and move to next one. It's a very deep topic to be honest, and I will like to have your opinions on this. Please share your views

I agree with you that in order to get maximum profit, you need to keep your cryptocurrency as long as possible. This proves the rise in the price of, for example, BTC since its inception until today. Of course, if you know how to be patient, you can get super big profits, but it's not so easy, because the price of cryptocurrencies also sometimes goes down rapidly, which causes fear and stagnates to sell. I also went through all these stages and understand how important this is.

poodle63

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This kind of hard holding even when we are in bullrun only works if you set the target of price where you want to sell
for example if you set it that you gonna sell at $100K then it's gonna work, you don't care whether there's a bullrun or bearish market
happening you just hold until your price alarm goes off saying the price has reached your target but if you have the chance you should
take the profit, there's nothing wrong in increasing your holding along the way of reaching your target. might as well stake if
you intend to do such long term holding.

feelideb

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I personally believe holding should be in circle of the market, you can not hold in perpetuity! In order to effectively and profitably hold, you will need to have seperate wallet for holding. And from time to time , you can replenish your holdings! Trading wallet should not on any account be used for holding and vice verse for holding wallet!

lepbagong

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Quote from: wayaneka on May 10, 2021, 11:56:52 PM

We have seen long bear market that started on 2018 until in the beginning of 2021, and during this bearish trend all crypto dumped too much more than 50%, even other low cap coin dumped until 99%. So from this history, for the better take profit when the price high just like now, and if we made big profit like 4-10x, will be good decision to withdraw the half of that profit and the rest amount keep holding. Many trader failed and get loss much money because of too much greedy. Holding for more than 3 /4 years only for crypto that has strong fundamental and professional team behind it.

yes, it can not be avoided by anyone that the reality of a long time has been experienced by crypto to be able to wait for better days. when it comes sometimes many cannot accept what is happening by not being too greedy to enjoy the benefits of a long wait. but always want to get more than expected, but when the price corrects again then the regret to sell early is missed.

because that greed ultimately requires waiting again, if you force it with the current price, the profits obtained are certainly not as big as when the increase occurred. there is a doubt that occurs whether to wait again or sell some of it.

holding back with unclear certainty, how long the price will return again, or selling at a price that may still be profitable, but not as profitable as it was when the first increase occurred.

wayaneka

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We have seen long bear market that started on 2018 until in the beginning of 2021, and during this bearish trend all crypto dumped too much more than 50%, even other low cap coin dumped until 99%. So from this history, for the better take profit when the price high just like now, and if we made big profit like 4-10x, will be good decision to withdraw the half of that profit and the rest amount keep holding. Many trader failed and get loss much money because of too much greedy. Holding for more than 3 /4 years only for crypto that has strong fundamental and professional team behind it.

wahyu wida

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Quote from: Questat on May 10, 2021, 07:52:40 PM

Quote from: adzino on May 10, 2021, 07:19:40 PM

The best way to decide is by setting a profit goal. This way you don't have to worry about holding or taking profit. When your goal is reached, you can take your profit. During bull run, if you aren't satisfied by the profit you will get, then keep holding. If you think you can't hold anymore, then just take whatever profit you get. Just don't sell at loss (unless you really need the money. But then again, you should remember, invest what you can afford to lose).
Or like you said, to minimize risk, you can always take some profit and hold the rest. When the price dips, buy more with those profit.

The results of our trades depending on how we manage our funds and how we decide. Buy at low, hold for a while, and then sell it at a better price has come to common practice. It was pretty simple but I'm wondering why many were still not able to achieve their goal? Because for me, I'll take every opportunity to get a profit.
Holding or staking, people will take them both when talking about money but for me, holding is the best choice and more profitable and safe.

it seems easy, but more people are experiencing bad luck. when purchased, the price drops immediately and they are not psychologically sufficient to stick to the original plan. perhaps the usual theory for holding on is that we take capital when the price rises, and the rest we hold until it is in accordance with the plan

Questat

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Quote from: adzino on May 10, 2021, 07:19:40 PM

The best way to decide is by setting a profit goal. This way you don't have to worry about holding or taking profit. When your goal is reached, you can take your profit. During bull run, if you aren't satisfied by the profit you will get, then keep holding. If you think you can't hold anymore, then just take whatever profit you get. Just don't sell at loss (unless you really need the money. But then again, you should remember, invest what you can afford to lose).
Or like you said, to minimize risk, you can always take some profit and hold the rest. When the price dips, buy more with those profit.

The results of our trades depending on how we manage our funds and how we decide. Buy at low, hold for a while, and then sell it at a better price has come to common practice. It was pretty simple but I'm wondering why many were still not able to achieve their goal? Because for me, I'll take every opportunity to get a profit.
Holding or staking, people will take them both when talking about money but for me, holding is the best choice and more profitable and safe.

sulendra12

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Quote from: mrongoz_imut on April 29, 2021, 02:07:00 AM

Quote from: sulendra12 on April 28, 2021, 07:58:24 PM

Quote from: Dr.Osh on April 28, 2021, 02:25:30 AM

~snipped~

Staking and holding is the same way where staking get income with reward percent every month, can be function with holding because hold coin how long coin hold they can get much profit,

They have same mechanic but different purpose.

Staking: The reward is given on how much % they give you in "X" coin. Let's say you have "10" BNB with 10% APY, then you will get 1 BNB every year so you have 11 BNB at the end of the contract.

Holding: The amount of coins you hold is same until you do something with it, the only difference is the price you pair with.

Correct me if I'm wrong.

adzino

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The best way to decide is by setting a profit goal. This way you don't have to worry about holding or taking profit. When your goal is reached, you can take your profit. During bull run, if you aren't satisfied by the profit you will get, then keep holding. If you think you can't hold anymore, then just take whatever profit you get. Just don't sell at loss (unless you really need the money. But then again, you should remember, invest what you can afford to lose).
Or like you said, to minimize risk, you can always take some profit and hold the rest. When the price dips, buy more with those profit.

Topic: HOLDING VS TAKING PROFITS DURING BULL RUN - page 2. (Read 1026 times)