Topic: How do you go about realizing gains? If you opt not to, what is your reason? - page 2. (Read 634 times)

That is the possible way for a lot of people, me included. We like to get as much crypto as we possibly could, without caring about how much it worths right now. That is a great method for people who are interested in long term and should be considered as one of the best ways to make money as well.

I think it should be considered a way of making money whenever you can, and should be a great deal. I get that not a lot of people can do it right now, but it could be quite important to do it that way. I get that some people are worried about it, but in the end there is no need to be worried about it neither, you are going to make a good profit in any case. Hopefully you will realize that getting more coins will be greater for you on the long run.

The best move right now is to buy as who knows how long the price will remain this low, now if someone does not have the necessary money to do so then the next best move is simply to hold their coins, even if they are experimenting a small loss, however the worst move by far is to sell, all of those people that sold their coins are surely going to regret it, as once the bull market starts they will want to get back in bitcoin, but they will have no option but to buy it at a much higher price.

There is a target selling price.  When that target selling price is met, then that would be the realization of my gains.  It couldn't be realized as long as the price of Bitcoin plummets or goes sideways.  So I need to be patient and wait for the time when the market recovers and uptrend. I am also looking for the opportunity to DCA to increase my percentage of profit.  If the situation makes DCA possible, I don't hesitate to buy more and add more BTC to my portfolio it also goes the same when the opportunity to sell opens (hitting my target selling price). 

I can't claim that it's a "secured" profit. However, if the market rises out of the bear phase, it would be best to place a sell order at my target selling price. This way, I can ensure that I don't miss the opportunity to sell at my desired price. What about you, OP? How do you plan to secure your profit in case the bear market comes to an end?

Uhm holding? I guess?

There's only one way you can reliably make money in this industry anyway which is through holding blue-chip crypto like bitcoin and ethereum. If you're looking to maximize your profit potential I say you might wanna go for the DCA strategy even, as it influences you to buy bitcoin on regular intervals regardless of the price action of bitcoin or whatever value thereof. You can settle with just holding bitcoin for the meantime and pulling it out at the height of the bull run. There's a plethora of ways for you to invest your money on crypto and expect profit. The only thing that you'll have to actually worry about is how much are you going to fork over from your money.

Developing a specific plan, strategy, and goals for buying and selling are essential in investing in Bitcoin. If the BTC is down and reaches the specified target, it is possible to Buy/Invest, but not with total capital, but at different stages and bottoms. Also, after reaching the price and target of selling and achieving good profits, it is possible to sell and recover the capital that was invested or a large part of it and recover a portion of the profits and keep it in stable currencies so that if a correction occurs or the price drops, you can buy again at a low price and the loss will not be in the capital but in the profits that have been gained. Choosing the entry/correct times requires experience and skill in technical and fundamental analysis, as well as the factor of waiting patiently and controlling emotions and greed, which enables a person to secure his profits and maintain his position within the market.

Firstly maybe I will just pursue by continuing to buy regularly (DCA) in this case because when talking about bearish and bitcoin correction then it is still one of the opportunities for us to buy or my language is planting from seeds that we will reap in the future.
I don't have any philosophy in this case because all I do is buy and hold (not to sell) because that would just be futile for now so I just focus on buying and that has been happening since the last few months maybe even a year.
As for when talking about profits I still have the belief that I am investing for the long term so I am still not tempted by my current profits because it is still a little below the standard I want even though in my DCA there are those who have made profits of more than 50% especially when buying at $15k but I still continue to hold because my target is not today and I believe in the future my profits will still be there so I am not worried about the present.

Yes, he already knows that we are currently at the bear but he also said that what if there is a turnaround that will happen? Holding is the best thing to do for now or until the bull occurs and in order to secure the profits, we will need to sell them or convert them in to a stable coin.

The feeling is superb after it and I can use the money for important things first and then I will by the things that I always wanted. For those who resist the temptation of selling early, their reason might be is they don't need money yet and holding more allows them to earn even better. I salute these people because they are also like a hero here. They prevent the market from falling harder.

I am in the category of people who will not collect profit now when we eventually get out of this market situation we are in now. For example, I have already set my goal of what I will buy next year after the halving when bitcoin's price increases. I need to reward myself for delaying gratification. I have written the amount of profit I would take and right now it is not there yet. This may be different from other people like I have met but we all have different philosophies.

For me it really depends on the price we will reach during the next bull market: if bitcoin goes above $100k then I think it not going to be easy to keep holding, I can image many people will start selling because we are talking about some serious money. I would sell something, for sure. If for any reason we won't reach $100k than it would be quite a disappointment.

An investment plan is indispensable, after all, a plan needs to be properly structured to keep the investment on track.
Of course, it will not be held for life, there is a time when it must sell and enjoy the benefits.

Also, clearly define your investment objectives, whether it's short-term or long-term, and whether it's for capital growth or passive income.
Setting clear goals will help you plan and evaluate your investment strategy.

Keep in mind that investing involves risk, and investment decisions should be based on a deep understanding of the asset, the investment objectives, and how to properly manage them.

Once you bought a coin it is what it is, if you bought 1 BTC still its 1 BTC but if you see the price it varies of course, the price of the BTC you bought for example is 20k$ and the price pump or dump the value of it now becomes volatile, not until you will sell your asset, but if you keep holding the coin and the price changes we called this as unrealized profit or loss, you will get this after selling your hold assets. Make an investment plan, until you will hold and when you will sell your asset.

I believe that we are only experiencing a retracement or a temporary bearish movement to take liquidity to send the price higher. In this situation, I usually do is to buy Bitcoin because I believe the price will go up higher when it takes enough liquidity. If ever we are still in the bearish market, I usually do is to stack some altcoins and Bitcoins, and wait until the bullish market starts.

We have different idea in terms of securing profits because we have different analysis, and beliefs. So if you feel something bad happens to market then it's better to sell. Profit is profit.

Your plan to use Bitcoin for long-term and short-term aims is good. It displays a sophisticated intellect that understands markets and their evolution. But let me elaborate. Bitcoin represents a seismic upheaval in how people trade, value, and trust each other, unlike conventional currency or commodities

Getting to the heart of this technology is more important than keeping or trading. Decentralized Bitcoin challenges millennia of centralized authority, control, and financial institutions. Your plan is nice, but if you only look at the cycle, you may overlook the larger historical development

You claim patience. It takes more than waiting for a good cycle. Its about joining a new era when digital cash will revolutionize power and trade. Whether you hold or trade, you're a revolutionary, not just an investor

I have no intention of selling the coins completely. I divide my total bitcoin into major fraction for long term holding a smaller fraction for trading. The second fraction is where selling can happen from but only after I break even or profit, that too will be used to buy back at the next bear market. This helps to keep you in the game and multiply your assets over time as cycles continues.

This takes patience because often one phase of the cycle gets prolonged and you may have to hold through that. But with Bitcoin that is easier than altcoins.

I have seen many people not opting for small time gains. They are interested for big profits in a single amount of time. For them bear market is like heaven. They buy the high valued coins in this time in cheap and hold it for long time. They know the true value of the coins. Hence buy in the bear market and hold. They do estimations and speculations and sell only at the peak time in order to yield the maximum profit. This is the only good and working strategy followed by smart people.

The current situation is unpredictable. Maybe some past experience will help but the market moves unpredictably. Day by day the challenges we face are getting bigger and the risks are also getting higher.

I am not a day trader. And I don't understand what a stick candle is. But what I know from my experience in crypto is that it is better to make crypto a long term asset. Sell when the price is high and hold when the price is low. It's that simple. I've never been worried about the season in crypto whether it's a bearish or bullish season.

If you ask my biggest obstacle then it's just about timing. Sometimes you have to wait quite a long time in an uncertain situation when the asset you are holding has a high selling price.

But it's okay with a little patience. My experience has taught me that being a long term trader is better than looking at and reading those stick candles.

Of course not.

After all, it will depend on the current situation, and I guess since I know how to read charts a little bit, I will also make some adjustments like you said. I said that I will stick to it because I always want to be safe including my profits, and I mean I wanted to make sure that I will take profits this time unlike on the last bull run where I just watched the markets going down where in fact, I'm a few clicking of buttons away from taking it.

Will I adjust my target price? Yes I will, but it will depend on some factors, and circumstances.

As much as I would agree that setting targets is one part of a solid strategy also of buy and hold because holding forever might indeed not be the best approach unless you can literally buy valuable assets with Bitcoin, which in a sense is also selling Bitcoin.

If the goal is to not convert back into fiat, the only choice I guess is to go with a stable coin, but that carries its own set of risks. Discontinuation of the said coin and a bank run afterwards, bankruptcy of the business offering the stable coin, algorithmic failure in case of algorithmic stable coins, there are probably even more. Most of the time I assume you would also trigger taxation when using stable coins unless you go with risky stable coins. If a company is well regulated and transparent about how they have backed their stable coins, it is also more likely that your transactions don't go unnoticed.

One thing I would never do is to sell almost all of my portfolio at a target price that is just over the former ATH. I see way too much potential for Bitcoin to grow for a very long time.


I understand why you closed your post with that sentence, but really is it right to ignore whatever happens left and right and sell regardless? If you feel and see that the hype is real and backed with reasons that make sense rationally, why wouldn't you adjust your target price then? If some things feel different and maybe the regulatory environment makes a massive turn in favor of Bitcoin specifically, I would definitely adjust my former considerations.

In my insight, if you know that you don't have enough ideas here, it's better to study first and don't rush to buy cryptocurrency right away. Now, if you can't stop yourself from buying, all you have to do is start with small capital first while you are still learning it. Because maybe later on when you can easily make money here, that will be an obstacle for that to happen.

Especially in the current situation where we are still in a downtrend, the market is still very unpredictable right now, but I can't deny that this is a good opportunity for us to buy top cryptos that are currently undervalued in the market such as Bnb, Matic, Eth, and of course Bitcoin won't lose that. It's not a problem if I didn't change the cryptos I bought to fiat as long as you just hold them and don't sell them, that's it.