How do you go about realizing gains? If you opt not to, what is your reason? - page 3.

NotATether

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Quote from: Vaculin on August 24, 2023, 03:42:55 AM

The only way to secure your profits is to start selling at any given profitable price. You don’t have to sell everything if you want and just leave the other half of your coins for future profits. After that, consider DCA again once you see the price dropping again. This way, you will never miss selling your coins for profits, as well as buying back again when there opportunities to buy. If you stick to that, at least you are following the basic rule in crypto.

Reverse DCA is useful if you want to sell some sats for a profit. Especially if you have like a couple of Bitcoins (at least 1btc), but not if you have a small balance because it makes no sense to do that.

Quote from: pinggoki on August 24, 2023, 12:28:58 AM

For me who has stopped trading a long time ago, this bearish market is an opportunity for me to convert my USDT and BUSD to bitcoin, it's not everyday that the price of bitcoin goes down to this level so definitely an opportunity worth grabbing and I think everyone should do that too because we all know that bitcoin's going to go back up and you don't want miss another profitable moment because you were hesitant to buy during this time.

Side note: Why are you holding two different types of stablecoin? Isn't that a bit unnecessary, considering they are (almost) all priced at the same?

riantolie

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I'm not selling my Bitcoin because I know it will be a lot more expensive in the future. At least $100k in the upcoming years. So wasting Bitcoin now or even at $30-40k feels like a wasted potential.

Vaculin

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Winding down.

The only way to secure your profits is to start selling at any given profitable price. You don’t have to sell everything if you want and just leave the other half of your coins for future profits. After that, consider DCA again once you see the price dropping again. This way, you will never miss selling your coins for profits, as well as buying back again when there opportunities to buy. If you stick to that, at least you are following the basic rule in crypto.

aylabadia05

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Quote from: Thehallows on August 22, 2023, 05:53:31 PM

How do you intend to secure profits once the market undergoes a turnaround?

Profits that will be obtained on bitcoin by waiting for returns when prices increase. It's how I make a profit.

The bearish market is currently in progress and don't get too bothered because before the bearish comes and is still going on, bullish has already occurred and the bullish market has the opportunity to return after this phase ends.
Bearish and bullish are two phases that are always connected in a crypto market situation which is known to be full of volatility.
If you are afraid of market volatility, bitcoin and crypto are not a good place for you and them.

blockman

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Quote from: Thehallows on August 22, 2023, 05:53:31 PM

We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice.

There are only a few methods where people will convert their profits from Bitcoin. It's either going back to fiat or into different altcoins.
I think everyone plans to do that and buy all the things that we wanna have like a car or a house or anything that we have been thinking of for the profit that we'll get from the potential profit we'll get when the bull run comes.

Quote from: Thehallows on August 22, 2023, 05:53:31 PM

Newbies in this platform like me could gain insight from your past experiences.

When you think that profit is sufficient. Do not hesitate to take it and just come back again to the market when the dip has come. That's the time you'll just need to take advantage of the situation and don't always lose your profit from spending in everything so you can buy back.

SOKO-DEKE

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Quote from: Thehallows on August 22, 2023, 05:53:31 PM

We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.

If the market turns around and the price of Bitcoin moves a little bit higher, like to $30k or $35k from its current price of $26k, I will not sell off my Bitcoin investment because I have a profit target for it, so I promise myself that if I don't realize my target, I will not just sell my bitcoin to make some profits with the aim of re-entering the market because I am not good at timing markets, like to be low because I am hardly satisfied with the low price of Bitcoin, and doing that may lead me to miss the opportunity. So my plan is to always wait for the bull run period so that I can experience a great move in the bitcoin price.

fauzan Ichsan

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during the bearish season like today to make a profit maybe we can do it by trading, where there are no season restrictions, but it is also risky, and more risky than we invest. or if we don't hold it until the bullish season comes, in the cryptocurrency market, of course, the main thing is that we have to be able to take advantage of the season that is happening, during the bullish season, the best thing to do is let it go, it's different with trading where there will be opportunities at any time, according to our analysis

pinggoki

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For me who has stopped trading a long time ago, this bearish market is an opportunity for me to convert my USDT and BUSD to bitcoin, it's not everyday that the price of bitcoin goes down to this level so definitely an opportunity worth grabbing and I think everyone should do that too because we all know that bitcoin's going to go back up and you don't want miss another profitable moment because you were hesitant to buy during this time.

michellee

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During this bearish market, many people are still waiting for the price to increase again and each of them has the highest price target they want to achieve. Profits are bound to come after this bearish market phase and it is time to accumulate instead of sell for investors. But traders still buy low and sell high and do it as often as possible.

You have to set your own target because everyone has their own target. If you want to become a long-term investor, you don't need to worry about current market conditions, but you have to look for loopholes to keep buying so that the number of your coins increases. The obstacle to implementing this strategy is that you can only sometimes get the lowest price but that's okay because the current price is still low.

I'm still holding back my profits because I'm still waiting for a reversal towards the last ATH. Then, I will determine when I will buy. At least, I want to sell at over $80k because the next ATH could be over $80k.

Bazzu

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there are those who invest in btc for the long term and there are those who invest in btc for the short term or it can also be called short term trading. In my opinion, in short-term BTC trading, you have to be able to analyze it, because if you can't analyze it, you have the potential to lose, in my opinion
trading on btc must use the dca system because the dca system will make it easier for us to set strategies. and we don't be fomo (fear of missing the price) when there is an increase, so we only buy when the BTC price goes down

LogitechMouse

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Quote from: Thehallows on August 22, 2023, 05:53:31 PM

We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.

Setting a target is a very vital thing when it comes to securing profits, and I hope this is the one that most of the investors will learn in their journey.

How to I intend to secure my profits? I already set up a target selling price ever since the start of the bear market. My initial selling price is around the previous ATH I think, then the next one will be at around the $85,000, and then most will be sold at $100,000, but I will be keeping some of my portfolio if I think that the market will go up even more.

What proves to be the most formidable obstacle in executing this strategy? Yourself. You because you aren't following your initial plan. As an investor, having a buying plan, and a selling plan is a must or else you might end up losing the opportunity to either buy or sell. If you have a target price on either buying or selling, whatever happens, do it. The problem is when the target has been hit, they will think "Ohhh it will go even lower, so I will wait a little bit to maximize my profits", or "Ohhh it will go up even higher, so I will wait a little bit."

I already shared my strategy. Set up a selling price, and stick to it whatever happens.

Sarah Azhari

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Quote from: Thehallows on August 22, 2023, 05:53:31 PM

We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.

Some people just don't care about what is happening in the market now because they have targets when to sell and buy. If I were you, I would look at the 4-year phase before because it's the same situation. You don't need to scrape the people's experience because you will get the same answer. Actually, the market situation is simple, If you are reckless and impatient then you will be swept away and panicked, But if you calm down, and don't care about the price, then, you will be a winner in the end.

Darker45

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Quote from: JoyMarsha on August 23, 2023, 04:59:14 PM

Quote from: Darker45 on August 22, 2023, 07:03:19 PM

~snip~

It's from experience someone would know how to follow the market. The scenario you describe here is sometimes the experience I once had with my bitcoin investment. There is no need to elaborate on how it all came about as you just mentioned how the typical scenario is "you sell and later buy at a high price." believing that if you invest at that moment, bitcoin will bring you greater profits.

The best approach in all of this is to hodl your bitcoin until you feel like converting it to USDT because selling and buying again at a specific time may cause you to lose a fantastic opportunity to align with it as the price of bitcoin is rising.

There's nobody who can follow the market with significant accuracy.

I learned to be careful with this "realizing gains" thing. Most often, it's a trap. If you want to make some conversions because you need to build a house, buy a car, pay your or your brother/sister's tuition, start a business, pay for your old grandma's hospital bills, and so on and so forth, it's perfectly all right. But if you convert just for the sake of "realizing gains," you're entering the realm of trading and you might be trapped.

lalabotax

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Quote from: Thehallows on August 22, 2023, 05:53:31 PM

We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.

Actually, if we trade, we can get gains even in bearish or bullish seasons. But indeed, maybe in the past, especially with current market conditions, the challenges will be greater with higher risks.

But I personally don't trade, even if I do buy and sell, maybe it's only short term for certain coins and not regular. Here, I prefer to do DCA preparation for the bullish period later, even if little by little. Holding for investment, especially in Bitcoin, in my opinion, will be profitable, moreover, it is safer than altcoins.

JoyMarsha

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Quote from: Darker45 on August 22, 2023, 07:03:19 PM

You can sell and then wait for the price to correct before buying back. In this way, you've got a bigger amount of Bitcoin. However, this is essentially trading and it has risks. What if the price increased a lot more after you sell? What would you feel? It is possible that you imagine the price rising more and therefore fear that you'll miss out on more profit. Your next step could be that you're forced to buy back at a higher price for the sake of more profit.

But it could happen that after buying back the price corrects. What will you do? Would you stick to your Bitcoin now that the price is falling? It is possible that you will sell thinking that the correction isn't over yet. You will buy back at a much lower price. But then the price could rise instead. This is the hardest obstacle: predicting with accuracy. But then the price of Bitcoin is highly unpredictable.

My experience tells me to remain hodling. Unless there is a need to convert, my Bitcoin remains in my wallet in bearish and in bullish times.

It's from experience someone would know how to follow the market. The scenario you describe here is sometimes the experience I once had with my bitcoin investment. There is no need to elaborate on how it all came about as you just mentioned how the typical scenario is "you sell and later buy at a high price." believing that if you invest at that moment, bitcoin will bring you greater profits.

The best approach in all of this is to hodl your bitcoin until you feel like converting it to USDT because selling and buying again at a specific time may cause you to lose a fantastic opportunity to align with it as the price of bitcoin is rising.

famososMuertos

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OP: As you can see, there are a variety of answers, there is no homonymous decision beyond the one that arises from the interest of each one, therefore, asking that question is circumstantial, in fact when you have an asset that is subject to purges of the market, your finances grow or decrease without the need for any action, but it happens, then, if you mention that bitcoin changes its price, what do you do, well, you stick to your previously established strategy, some of those mentioned a few posts before. There is no rocket science, what does exist is trading strategies, any one works for you.

The Cryptovator

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I employ a two-step approach to safeguard my holdings. When I anticipate a significant market decline, I convert my assets into stablecoins and repurchase them during the dip. In instances where I'm unable to execute a successful sale before the substantial drop, I choose to hold patiently rather than selling at a loss. Preserving my portfolio is crucial, even though recovery might take time. Selling after a major downturn would diminish the overall value of my holdings.

Cookdata

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Quote from: Thehallows on August 22, 2023, 05:53:31 PM

We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.

The intention is never getting my hands on fiat in the first place, I don't used fiat unless I get paid in it which I can't avoid especially when it comes to bill settlement and groceries but I can choose how my investment can be, and it will continue to remain in btc, you know they say 1 BTC = 1 BTC, the nominal value will be determine by me when I decide to sell. I don't even have much realized profit yet, it's still the way the I bought it at the market value with slight profits in value but the quantity remain the same, you don't loss until you sold.

It wouldn't cause you less sleep if BTC price swings downward or plunged, if you have more fiat, but more to keep you average on the amount you bought and sell when the price peaked or sell when you fee enough profit has been made and incase you want to become the hodl gang, you are welcome to the club.

darkangel11

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I don't think of bitcoin as an investment so I don't realize gains. It's more of a store of value and generational wealth for me.
Do you guys realize gains from fiat money? You don't, right?
Do you realize gains when your house or apartment goes up in value? Probably not.
Why would you realize gains from bitcoin then? That's what traders do and I'm not a trader.

We get rid of things we don't value to turn that wealth into something else. At the moment, I see nothing worth selling bitcoin for.

mindrust

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Some people wait for the bigger gains before they collect profits. If is because if they collect profits now, their current profits are not enough to buy anything decent. For example, If I can’t buy a new car or a house with my profits then it is now worth taking… I would rather wait more and have more profits to buy my dream assets. For me it is either all or nothing. I am not interested in small potatoes. If the gains are not big enough, then I have no interest in collecting them.

Topic: How do you go about realizing gains? If you opt not to, what is your reason? - page 3. (Read 634 times)