HOLDING VS TAKING PROFITS DURING BULL RUN - page 7.

AakZaki

legendary

Activity: 2338

Merit: 1084

zknodes.org

Quote from: sheenshane on April 19, 2021, 08:43:47 AM

~snip~

It’s too hard to decide and do the right trade when you know that the pump or bull market was only there at that specific time, that the rise is a milestone already.

~snip~

You are right even an expert trader, I think there are still mistakes. The definition of right trade is very difficult to do. Through technical and fundamental analysis we only study historical history which seems to have become an agreement. Technical concepts later became the benchmark and some people misunderstood them. This also causes differences in trading techniques. Many technical analysis events were canceled by the Fundamental influential people of the world, let's call it Elon Musk with the Doge coin today

irsykes

sr. member

Activity: 1479

Merit: 273

Seabet.io | Crypto-Casino

Quote from: doctor877 on April 18, 2021, 05:11:02 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

If i can i will try to master both of that way to trading. Because holding with no analysis sometime only make us loses more especially if we can't pick which coin is good for long term. So every trading way we must know how to analyze it first and then make profit with it. Same story about traders which keep take little profiit, maybe that way is make them really comfort or maybe they think that way is really fit for them.

sheenshane

legendary

Activity: 2492

Merit: 1232

It’s easy to tell and say that this is the strategy, so on, so fort, blah, blah. But when you get there, at that particular moment, it is really hard to decide and I actually experienced this and I find myself stupid when I was there.

It’s too hard to decide and do the right trade when you know that the pump or bull market was only there at that specific time, that the rise is a milestone already. The pressure that you know the price has reached its fullest potential and you doubt that it can still reach more is real.

But then, what happens is that it still increases, only regrets show up after you’ve done your decisions. So it might, holding really is the best way to have security winning your wealth here.

janggernaut

legendary

Activity: 2366

Merit: 1130

I also take profit during bull run, but it's just like 20-30% fron my portofolio. I will leave the rest until it reached something which i don't imagine before. But for now, if you Hodl some promising coins, you don't need to scared can't take any profit since coin you hodl will become greater later.

Look at bitcoin, even though yesterday got dump until $50,900, it still back to $57,000 right now. Use your money to buy the dip

crzy

full member

Activity: 2128

Merit: 180

We all have different beliefs when it comes to holding and not takin profit at all, I personally want to hold more than to take profit because I’m a busy person and I can’t monitor the market that much, so if I’m going to buy with my fresh money I’d rather hold it for the next 3 years or more.

Some make take profit and that’s fine, just focus on your own timeline and you’ll be on your destination at the right time, be responsible on your every decision and regret nothing.

Myleschetty

member

Activity: 1165

Merit: 78

Both holding and taking profits during bull run are good strategy and there's no reason to partake in one when you can do the both but my impression is for investors to sell 80% of his holding during a bullish market and keep it as capital to buy when deep again.

Dilerium90

full member

Activity: 756

Merit: 108

I believe that in a long-term growing market, you should take risks if you use money management wisely. But the gradual fixation of positions and withdrawal of money is required, because the black swan comes unnoticed and one day you will find -80% to the deposit.

Wexnident

hero member

Activity: 2702

Merit: 672

I don't request loans~

Hodling is basically a strategy for those who don't really want to trade, who can't trade, or just want to hodl. It's a strategy that hopes in the long run, you'd still profit, and would most likely come true if you didn't invest during the bull run. It takes time, but not in a sense that it takes up YOUR time, unlike trading. Now dipping into profits every now and then while hodling is something that has the risk of you actually losing more than you could've actually gained supposedly. It has higher profits, but as you know, high rewards = high risk. Hodling is like a mix of high and low rewards, but it takes a VERY long time for it to be realized.

iram3130

legendary

Activity: 1512

Merit: 1010

ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

I have made a strategy where I keep only 3-5% of my total portfolio in BTC. Everything else in valuable alts which has potential to grow in the future. If I get profit of more than 2x then the alt is elegible to sell and when I find a potential coin then I will take some profit and invest in a new coin.

I guess people will say that this might wont make a great profit but eventually my new coins will again go up and make good profits for me.

maxreish

sr. member

Activity: 1330

Merit: 326

Just like this recent dip, those who are stucked and planning to sell their coins probably have some regrets by now. But that doesnt mean we have no way to recover. Those long term hodler like me can continue to hold and wait for another bullish market.

If not necessarry to convert and sell, just keep your coins. This isnt new scenario, and we have been witnessed so many bearish moments before so we can handle this one like the old market crash.

electronicash

legendary

Activity: 3178

Merit: 1054

its true that holders for long term are making more money. it is however taking time.
taking profits is essential to some traders because they are taking precautions and also they need cash to spend. as for me i do it all the time and this helps me have some cash as well. there are different reasons for taking a profit. some are just trying to buy back when the price dips too. you get disappointed though when things turned out wrong like what happened to doge and vet, these two are just mooning continuously.

mk4

legendary

Activity: 2870

Merit: 3873

Paldo.io 🤖

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.

Rehan Zakir

member

Activity: 812

Merit: 53

These are the manipulators that manipulates the market on the basis of news. But i divide my account in two portions, one is for holding long term coins and one portion is for day trading. On the long term holding i hold coins for 1,2 years. I don't care when the price pumps or dumps on daily basis.

Bitcoin_Arena

copper member

Activity: 2114

Merit: 1814

฿itcoin for all, All for ฿itcoin.

What worked for someone might not work for you, therefore If HODLing made someone rich, day trading and taking profits could make you rich too. What we have to first identify is our goals/targets and what's the best kind of strategy that can work for us.

I know traders who have made over $8 Million from just a few thousands of dollars day trading different coins just in the last 7 months. If they had just decided to HODL those few thousands of Dollars, I can bet my hand if they would have been able to make even $100,000 as of today.

BitMaxz

legendary

Activity: 3374

Merit: 3095

Playbet.io - Crypto Casino and Sportsbook

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.

doctor877

full member

Activity: 896

Merit: 115

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

Topic: HOLDING VS TAKING PROFITS DURING BULL RUN - page 7. (Read 1043 times)