Topic: HOLDING VS TAKING PROFITS DURING BULL RUN - page 6. (Read 1043 times)
Honestly you can compare this two with each other. There is the reason because both thing are depends on same work which is decision. Yes its all depends on your decision which will be best for you? If you think that you can hold this money then hold it because holding is the key of success in crypto. Or if you thought no i want to take profit in this bull run and i will again after bull run end. Then it definitely also will be on your decision. So how can we compare this two with each other. Because both thing are best from its own site. Profit is in both site. So now decision is yours. Which you feel happy.
This is a very relevant and important topic in a bullish market, I was surpised to know how many of the whale had already start shorting, although, some with intention of investing in new projects to enjoy the altseason. We are about getting into the height of the altseason when Ethereum goes parabolic and other ERC project pumps with it.
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
Holders have always won. Also major tax implications. Depending where you live it could mean paying tax of short term gains up to 40% vs long term at 15% or around there. That right there might make more sense just to hold in itself. Where one lives and its national tax outlook (i think Germany has no taxes if you hold over a year) makes decision making also change. But yeah I long long run traders get burned holders get rewarded...generally.
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.
it's better to have different strategies so as not to miss out on taking profit and also enjoying the pump that comes after. Profits taken will be used to buy back when dump happens and increase your holdings and then you take more profits along the way.
That is why you need to make many strategies based on the market situations, so when the market turns around to the other directions, you will know which strategy you can use.Holding is good as long as you can know when you need to take profit and not hold more, especially if the price increases so high. If you still hold the coin and not sell when the price reaches the highest price, you will lose the chance to take profit and you need to wait for more. You will not know when the price can increase higher again, and you can not take profit after you wait for a long time.
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.
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
It's hard to take profit when you're holding huge amount of tokens with you but the trading volume isn't good. Like for example, you've deposited tokens at exchange site but the orders weren't having huge quantities I don't think you'll have quickest time to sell and take a profit. When we're at the stage of bullrun, that also needs patience in order to manage your potential gains and it's always bare in mind not to be greedy.
Everyone in crypto world needs to have a exit strategy. Now I take profits along the way when I need some amount of money. And beside the trading money I have long term coins which I don't touch so a bit mix of all.
I think it is all about money and risk management. So basically if your trading beats your hodl ing, its better to trade if otherwise vice versa
it's better to have different strategies so as not to miss out on taking profit and also enjoying the pump that comes after. Profits taken will be used to buy back when dump happens and increase your holdings and then you take more profits along the way.
That is why you need to make many strategies based on the market situations, so when the market turns around to the other directions, you will know which strategy you can use.Holding is good as long as you can know when you need to take profit and not hold more, especially if the price increases so high. If you still hold the coin and not sell when the price reaches the highest price, you will lose the chance to take profit and you need to wait for more. You will not know when the price can increase higher again, and you can not take profit after you wait for a long time.
OP, what are your goals? Are you a good trader? What’s your financial condition?
Personally, my goal is to have enough Bitcoins for my retirement 30 years from now. I’m a bad day-trader and no time for it, and I have a stable job, and a side job. Then for me, it’s buy then HODL.
I also am doing the same although I am still a student, I am hodling because in my opinion, it is more safe than buying and selling or trading bitcoin at current prices because you never know if the peices are going to go up even if you sold your bitcoin or if it will go down so if you are just hodling then probably, you wont be affected by short term dumps. Personally, my goal is to have enough Bitcoins for my retirement 30 years from now. I’m a bad day-trader and no time for it, and I have a stable job, and a side job. Then for me, it’s buy then HODL.
OP, what are your goals? Are you a good trader? What’s your financial condition?
Personally, my goal is to have enough Bitcoins for my retirement 30 years from now. I’m a bad day-trader and no time for it, and I have a stable job, and a side job. Then for me, it’s buy then HODL.
Personally, my goal is to have enough Bitcoins for my retirement 30 years from now. I’m a bad day-trader and no time for it, and I have a stable job, and a side job. Then for me, it’s buy then HODL.
It's hard to decide if you hold or taking a profit during the bull run season, you never know what will be the price of bitcoin on the next day.
Just like what happens these days until April 17 after that the price drop $53k in just a few minutes which I think that there is someone who can manipulate the market and drop the price in instant.
That's why I have 2 separate strategy the one is taking profit during the bull run and the other one is for holding with a specific time(Depending on the event).
You should always check news and event the same as this one "European Blockchain Convention Virtual 2021" during that time until the end of 17 the price drop $62k to $53k. I think there is a big people or an investor who holds a large amount of BTC then after the event he sold it all.
Just like what happens these days until April 17 after that the price drop $53k in just a few minutes which I think that there is someone who can manipulate the market and drop the price in instant.
That's why I have 2 separate strategy the one is taking profit during the bull run and the other one is for holding with a specific time(Depending on the event).
You should always check news and event the same as this one "European Blockchain Convention Virtual 2021" during that time until the end of 17 the price drop $62k to $53k. I think there is a big people or an investor who holds a large amount of BTC then after the event he sold it all.
It's better to have different strategies so as not to miss out on taking profit and also enjoying the pump that comes after. Profits taken will be used to buy back when dump happens and increase your holdings and then you take more profits along the way.
Wise choice if you have that skills to expect the market's next movement, It's tough to predict but taking those advantages while the market still a@ bull selling portions of your assets then wait for correction to take place then use those profits to buyback. One of those many strategy that experienced traders are using.
Growing the numbers of your assets by doing some short when the volatility still ongoing. It's your knowledge that will lead you to a better place, keep enhancing your opportunities by practicing more.
Try to balance things around you. There is no one ultimate method for maximum profit. Only money management that can save you from any dip, dump, FUD or black swan. Therefore, I advise you to both hold your coin and take your profit (by trading) during bull run. By doing these ways, you will have multiple options to go against the market whenever it disturbs you
In addition, take a partial profit is also a good strategy, especially for those who come late. Set up your goal, for example: 1st is for 100%, 2nd for 400% and 3rd for 1000% and try to strictly follow your gold without hesitation. After all, money management is very important. As long as you still have money, you can still have chances to earn. Let the money born new money for you
In addition, take a partial profit is also a good strategy, especially for those who come late. Set up your goal, for example: 1st is for 100%, 2nd for 400% and 3rd for 1000% and try to strictly follow your gold without hesitation. After all, money management is very important. As long as you still have money, you can still have chances to earn. Let the money born new money for you
actually, that's a very good strategy. and also, it does really depend on financial capability of the person. some can hold for long term whereas, others can't. so at the end of the day, it is all on you how you wan to manage your portfolio, because you are the only one who knows what financial status you are in.
but you should always expand your options, don't stick to only one strategy. in that way, if one fails, you still have more to rely on.
Holding is always the best, but we need to have patience to enjoy the profits out of it. By the time trading could give regular earning opportunity, but her we need to take risk. In my view it is good to hold and trade with the holding fund for minimal profit which can be achieved without much risk. When we talk of bull market we don't know which is the peak value and when it is gonna drop down.
Everything is done on some guess and calculated profit generation. Most of the time people fix a target when holding and get into trading only when the price is being reached.
Everything is done on some guess and calculated profit generation. Most of the time people fix a target when holding and get into trading only when the price is being reached.
The point of "hodling" being a heavily recommended strategy is simply because most people aren't capable of making the right trades, that they end up in a lot worse situation compared to when they just simply held for years and years.
Like sure, you can end up with more coins if you make the right trades, but that's a huge-ass IF.
Like sure, you can end up with more coins if you make the right trades, but that's a huge-ass IF.
You are right, this could be the genesis of holding. Have seen many people end up in this described situation which is why for them it's better to hold than trade or take profits.
It's hard to decide if you hold or taking a profit during the bull run season, you never know what will be the price of bitcoin on the next day.
Just like what happens these days until April 17 after that the price drop $53k in just a few minutes which I think that there is someone who can manipulate the market and drop the price in instant.
That's why I have 2 separate strategy the one is taking profit during the bull run and the other one is for holding with a specific time(Depending on the event).
You should always check news and event the same as this one "European Blockchain Convention Virtual 2021" during that time until the end of 17 the price drop $62k to $53k. I think there is a big people or an investor who holds a large amount of BTC then after the event he sold it all.
Just like what happens these days until April 17 after that the price drop $53k in just a few minutes which I think that there is someone who can manipulate the market and drop the price in instant.
That's why I have 2 separate strategy the one is taking profit during the bull run and the other one is for holding with a specific time(Depending on the event).
You should always check news and event the same as this one "European Blockchain Convention Virtual 2021" during that time until the end of 17 the price drop $62k to $53k. I think there is a big people or an investor who holds a large amount of BTC then after the event he sold it all.
It's better to have different strategies so as not to miss out on taking profit and also enjoying the pump that comes after. Profits taken will be used to buy back when dump happens and increase your holdings and then you take more profits along the way.
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
Yeah, we will never know the price decline will occur to what extent, but you can predict it will. Even though it will not be exactly the same as the value that goes up or down later, at least you have a benchmark for the price that will increase or decrease. Because with the results of these predictions you can know the extent to which price developments will occur. Therefore, prediction before it happens is very important, not only can you know how the price will develop to where, but also you can reduce the impact of the risks that will occur at that time and in the future, and this will obviously be very profitable for you. . Have a prediction point to find out how far you will take profit or hold if the price has gone down. Indeed, patience is very necessary, especially when you do day trading, you must always be patient in analyzing the chart and seeing it repeatedly until you find a gap point to make a profit. Panic will only make our minds more chaotic, especially when we are wrong in predicting it. Instead of generating more profit for a return on investment, there is an increase in losses. Better, stop and calm yourself for a moment, after feeling the mood is back. Start again with caution, and be confident in your abilities.
I have been saying always, hold for life, not for a lifetime. Everyone knows that holding is the best from short-time profits. Just imagine who hadn't sold Bitcoin when it was $64K and still holding. If they sold then now could buy more Bitcoin they sold. Even a holder, should have a target to sell Bitcoin or any other hold cryptocurrency. More important to take a real-time decision for a holder. Holding for a lifetime wouldn't be a good decision. Should take a profit from the desired price range and buy back in the dip. If no dip, then we have to happy with the profit that we have already taken. I think that's the best policy for the holder although it's quite complicated to take real-time decision.
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
It’s just as you have said, it’s all about the kind of person you are, because it is difficult for some people to hold for a long time, and they don’t have that kind of money to be tossing around and they don’t want to lose it, so every opportunity that they see they take the little profit that comes in, although that’s not going to get them rich. Those who are able to have that level of patience are the ones that are able to profit from the market as it goes, because they can have that patience and they are also ready to ride the wave and still have patience till they get to where they want to get to.
Try to balance things around you. There is no one ultimate method for maximum profit. Only money management that can save you from any dip, dump, FUD or black swan. Therefore, I advise you to both hold your coin and take your profit (by trading) during bull run. By doing these ways, you will have multiple options to go against the market whenever it disturbs you
In addition, take a partial profit is also a good strategy, especially for those who come late. Set up your goal, for example: 1st is for 100%, 2nd for 400% and 3rd for 1000% and try to strictly follow your gold without hesitation. After all, money management is very important. As long as you still have money, you can still have chances to earn. Let the money born new money for you
In addition, take a partial profit is also a good strategy, especially for those who come late. Set up your goal, for example: 1st is for 100%, 2nd for 400% and 3rd for 1000% and try to strictly follow your gold without hesitation. After all, money management is very important. As long as you still have money, you can still have chances to earn. Let the money born new money for you
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