In addition to what CZ said, not only holding makes you rich, there must be a left out money that must be always ready to buy more when prices goes down, this gives you opportunity to accumulate more coin, remember that the quantity of coin held determine the amount of profit you will be getting while holding.
Unlike day or subsequent traders, they sent each gain gotten thereby causing them to reduce their portfolio all the times, I know how much I would have accumulated if I held my gains till now, its really not worth when selling coin regularly, it directs you to poor mindset.
Topic: HOLDING VS TAKING PROFITS DURING BULL RUN - page 5. (Read 1043 times)
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
These two methods works for people, that it didn’t work at this time for you doesn’t mean it doesn’t work. Holding profits during bull run can sometimes benefit you because the price might continue going up and you will make more profit than you would have made if you decided to be selling them at every new milestone.But taking profits during bull run can be a safe method for people to make use of dips, as that means if the market should go down all of a sudden you’re going to have something that you have benefited from the market, and if it also goes up more, you will be making some extra, but smaller profit compared to the other option. Taking profits is a safer way to play it, but the option can work as well.
That works only with Bitcoin. The probability that its price will recover is much higher than probability that any other altcoins price will recover also.
You say you buy every deep and hold. How this is different from holding (because you say your strategy is better than "holding or taking profit")? If you sell and rebuy with lower price, then this is different.
Exactly, the effectiveness of profit-taking during bull run was quite effective on bitcoin because the price recovery of bitcoin has a high chance even if we would going to look back the market movement of bitcoin. It has a high recovery movement since the ATH before the year 2020 ends and the bitcoin price steadily become around $50000 - $59000 or much higher up to $64k. In my m case when bull run, I used to hodl and taking profits at the same time, selling other coins I have and hodling the rest.
Sometimes we have to choose difficult decisions, because when the bull market comes we have to be faced with a hold or take profit. but for myself I have a profit-taking strategy during a bull run and when the price decreases buy a large amount and hold until the price increases. that's the right move rather than having to think about holding or taking a profit
There are two options that I use for this. Traders for the long term and traders to take profits as soon as possible. When the market is really down, 4-5 months ago was a good time to buy some coins. One of the ones I was aiming for was a coin that had a real project and an active dev. This coin deserves to be held during the bulrun. I used some of the other funds to buy some technically good coins for the short term. It doesn't depend to person sometimes, however it depends on what coin/s you mostly hold.
For bitcoin, it is obvious the hodling would be the best option but still some people FUD a lot and then just went panicking so suddenly.
I don't think it is necessary to get panic and to react to FUD if you are holding bitcoins. Bitcoin holders must react in a way to make use of FUD to buy more. Honestly I have seen some big investors who are all always searching for cheaper prices and buying at every dips. This kind of people are definitely looking for FUDs to happen For bitcoin, it is obvious the hodling would be the best option but still some people FUD a lot and then just went panicking so suddenly.
, it seems lol. I am a bitcoin holder and I never think about taking profits among all FOMO and FUD.
It doesn't depend to person sometimes, however it depends on what coin/s you mostly hold.
For bitcoin, it is obvious the hodling would be the best option but still some people FUD a lot and then just went panicking so suddenly.
For bitcoin, it is obvious the hodling would be the best option but still some people FUD a lot and then just went panicking so suddenly.
Sometimes we have to choose difficult decisions, because when the bull market comes we have to be faced with a hold or take profit. but for myself I have a profit-taking strategy during a bull run and when the price decreases buy a large amount and hold until the price increases. that's the right move rather than having to think about holding or taking a profit
From my own perpective I always take partial profit and buy at dip again , I don't have the guy to hodl for long cryptocurrencies price are very unpredictable, a massive dump can occur within a shortest time which can wipe out all the profits earned for many days.Although the tendency of the price to resume bullishly is very possible but hodlers have to wait for another longer period again, I agreed with OP that long term hodlers tend to earn more profits however I am much contended with the little profits taken.
In this bull run it's so confusing taking profit and hodl for long term, for me in this bull run I did pull out my funds from bank early this year and to me I was a bit late to the market because many altcoins has already hit all time highs more than twice, so i bought some coin and hodl, some pumped so high and I didn't take profit till it fell to my entry while some of them where still pumping real good and non stop. With my experience I would say any coin you hold and u think you had made profit enough from that coin, you can sell and buy some other coin, but if your mind is still strong that the coin will still pump then you can keep holding.
You say you buy every deep and hold. How this is different from holding (because you say your strategy is better than "holding or taking profit")? If you sell and rebuy with lower price, then this is different.
Taking profits is the end (unless for not all 100%); you cannot hold further. It means you need to buy back at cheaper price levels. The best strategy we need to adopt must be holding and making use of dips to buy more and spending only what we need life's important things. I consider here all the regrets what usually do after spending and bitcoin test another milestone.If you believe that bitcoin is going to test million dollar levels in coming years then you must plan up your profit taking strategy accordingly so that you may avoid future regrets.
Sometimes we have to choose difficult decisions, because when the bull market comes we have to be faced with a hold or take profit. but for myself I have a profit-taking strategy during a bull run and when the price decreases buy a large amount and hold until the price increases. that's the right move rather than having to think about holding or taking a profit
That works only with Bitcoin. The probability that its price will recover is much higher than probability that any other altcoins price will recover also.
You say you buy every deep and hold. How this is different from holding (because you say your strategy is better than "holding or taking profit")? If you sell and rebuy with lower price, then this is different.
It will take a long time for newcomers to learn its techniques they have less knowledge about the market so it becomes very difficult to analyze the market it takes them a long time to reap the benefits of running a bull run. It's better to hold. It is easy to make a profit if you analyze the market properly and understand that it is better to invest in any currency therefore, before holding you have to learn about the market well and move forward.
I agree it is always better to hold rather than trading but how long you will continue your holding that will be the biggest question here because we are not just for hobby holding but for profit making, hope you will agree with this. We are in the middle of a strong bull run and I believe many traders and investors might got confused right now because they just need to book profits or leave the positions for some more times?I know no one could answer them properly as market prediction will be too hard for anyone. But my suggestion would be, book profits if you are okay with what you have earned; and if you're not satisfied with the profits then continue and face the consequence.
Always sell in a bull run and buy in the dips.
Long term strategies rely on you buying when everybody else is panic selling. That's the secret to gaining profit. Of course, all of this may sound risky and it is which is why you have to have the guts to stick with it.
Long term strategies rely on you buying when everybody else is panic selling. That's the secret to gaining profit. Of course, all of this may sound risky and it is which is why you have to have the guts to stick with it.
For Bitcoin, it’s “always HODL in a bull run, and buy the dips”. Because if everyone followed that advice, then the bull run will stop because of everyone putting their coins on sale.
It will take a long time for newcomers to learn its techniques they have less knowledge about the market so it becomes very difficult to analyze the market it takes them a long time to reap the benefits of running a bull run. It's better to hold. It is easy to make a profit if you analyze the market properly and understand that it is better to invest in any currency therefore, before holding you have to learn about the market well and move forward.
That's correct and that is a very hard lesson to learn, it takes years to be master at that. People usually find one thing that works and they go with that and they do not change that for months because market doesn't change, and when it changes you have to see what happens and learn a new one and master that and it changes back again.
For example, you needed a whole new strategy when it was going down last year, you would need a new one when it was around 10k for months and you would need a new one when it is going now, and if it crashes from here you will need a new one. These all takes months to see because markets take time to switch the winds and become something else. Long story short it must be done, and I would advice everyone to do it as well, but you have to realize it takes maybe over a year, maybe two years to actually have few different good strategies based on what happens in the market.
If they do not change their strategy for months, I think they will feel hard to analyze the market because even if the market seems does not change, it is changing for a little, but we can not see what it looks like.For example, you needed a whole new strategy when it was going down last year, you would need a new one when it was around 10k for months and you would need a new one when it is going now, and if it crashes from here you will need a new one. These all takes months to see because markets take time to switch the winds and become something else. Long story short it must be done, and I would advice everyone to do it as well, but you have to realize it takes maybe over a year, maybe two years to actually have few different good strategies based on what happens in the market.
We are in the crypto market, which has so many coins available on many exchanges, making more than 5 coins will change, although that is not significant. We need to adjust the strategy and search for profitable coins, so we can still make a profit while the others feel difficult to do that.
Learning the strategy will take months, even years, to fully understand, but that does not mean that we can become pro traders after we learn all of that. The key here is never to stop to search for the lesson to learn and always analyze the market movement so we can know the trend.
Everyone has different strategies and unique skills in trading. Very simple in my opinion, if not good at trading then investment is an option, when buying coins at a cheap price. But in a bull run market like this, why not take advantage, because prices are getting up and up. Maybe I'm one of those people who doesn't hold on too long, I trade short term to take a chance on this bull run market.
as you also said, it depends on the person's skills and abilities on how he can attack the market. some are comfortable with scalping and earn profits, even small ones. but some are confident to hold long term and just sell off once they attained their target profits. whether you are active in trading or just holding, it is on you how you will manage your portfolio.
so you cant tell someone to do the trading or hodling, because you dont know the skills of that person. at the end of the day, it is on you how you want your portfolio be managed.
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
People are different on treating up things that's why we can classified both on what they do prefer because there are some who do really like to see profits in short term and there are ones who do prefer on just simply holding.If you cant just deal with the price volatility then theres no point for you to trade actively but rather choose holding instead.For people who can play with the waves then
these things would be common where they do trade actively and make out gains even though it wont really be that big.
Everyone has different strategies and unique skills in trading. Very simple in my opinion, if not good at trading then investment is an option, when buying coins at a cheap price. But in a bull run market like this, why not take advantage, because prices are getting up and up. Maybe I'm one of those people who doesn't hold on too long, I trade short term to take a chance on this bull run market.
For me, I would sell half then hodl the other half for a couple of years. You really don't know if the coin you are holding is still good in the future. Taking profit during bull run is not bad because after that season there would definitely be a bear season. If you will just hodl then you won't be able to buy cheaper coins when its bear season.. Greediness is really hard to overcome. We already dream the profit of something that is not there yet.
I always on the side of taking profit but if its a good coin, its good to hold some especially if you just got that money for free and thru bounty. Never hesitate to take profit because you cannot know the future of that coin/token, everything here is very volatile so if you don’t sell while its on peak you might sell it later on, but don’t expect the same profit as before. Let’s dream a reality, don’t over think that you holdings will pump instantly, it takes time.
For me, I would sell half then hodl the other half for a couple of years. You really don't know if the coin you are holding is still good in the future. Taking profit during bull run is not bad because after that season there would definitely be a bear season. If you will just hodl then you won't be able to buy cheaper coins when its bear season.. Greediness is really hard to overcome. We already dream the profit of something that is not there yet.
Indeed, this is a deep topic, each person’s thinking differs from the other. Some believe that it is better to make a little profit at the present time than to wait long in the unknown, as the saying goes: We have a bird in the hand is better than ten in the tree.
Others do not care about everything that happens and prefer to wait a long time to win the jackpot, and these have already reaped a lot of profits, if we look at the price history of Bitcoin and cryptocurrencies, they have achieved amazing highs within a few years and those who were able to patience got amazing results.
Others do not care about everything that happens and prefer to wait a long time to win the jackpot, and these have already reaped a lot of profits, if we look at the price history of Bitcoin and cryptocurrencies, they have achieved amazing highs within a few years and those who were able to patience got amazing results.
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