Topic: Mistakes hodlers make - page 12. (Read 1529 times)
Exactly you said the word taking profit always doesn’t mean that you have to sell off your entire portfolio. I sold some of my investments in profit and was waiting for bull run for remaining even if bearish trend happens if I have good faith on coin I will buy even some more.
Currently prices are going up, do you think this is good to buy? I think that's because it's buying low when it's high now.
Unfortunately altcoin holders are unable to take profit from this kind of trend. Because when bitcoin start sudden up then alts react negative. Almost alts are more than 50% dumped. So its not appropriate that you can get instant profit if you hold altcoin. Since you are posting on altcoin board, I am considering you are talking about altcoin. If you hold bitcoin then yes, you might get few profit and you might increase your total portfolio.
Instead of dreaming big and earning a big amount of money from the crypto market at this time, we should be content with small portion of profit. The market is still bearish and unlike in the past, there will not be any dramatic shift in prices of coins. Now the market is heading towards stability somehow. So we must be extra smart and trade coins smartly at this time.
Yes you are right. In this industry we need to be practical and we don't need pride. We need have a great strategies. We don't need to hold too much to wait too much high price value because BTC is not consistend. Imagine while you are waiting to that digit you may loss your capital because of too much greed. Make sense dude you can take an small income with assurance rather than hoping to the high price that may result to loss.
btc has mooned a little bit, and suddenly we have self claimed analyzers almost everywhere claiming bitcoin is going to 10,000$ in May itself , small time now and a little bearish they will moan again,
the time they suppose make small profit from the greens; they are busy forecasting
Note: Taking your profit does not mean selling your entire portfolio; it means taking profit; retaining your capital
You can always buy back the low
It can be a mistake or worthy risk to take depends on the investment capital is affordable to lose or not.Its just normal habit of the people to go with the trend of others without their own risk so they just only believe their luck to make profits.the time they suppose make small profit from the greens; they are busy forecasting
Note: Taking your profit does not mean selling your entire portfolio; it means taking profit; retaining your capital
You can always buy back the low
Taking profits at the right time is what everyone looking for which is at top most line of the chart,so they are not going to sell their profits as well.
buying low and selling high is the most effective way to take the profit 
i already did this for so many time and its true..prove and effective 
i already did this for so many time and its true..prove and effective 
How do you take profit for a minor rise such we have witnessed a few days now? I believe it's too early to do such, except to tether it in expectations that a crash will happen. If you take full profit now you will lose out later because whatever the crash now is just a correction. The trend for Bitcoin is bullish. Be careful selling.
I agree with your point and i think taking profit is a good thing but the problem is that most hodlers are long term investors and they do not mind dips they are ready to wait for 3 to 5 years and even more to take life changing profit so i think they do have a valid point as well.
Buying low selling high is a very very nice wise move that I advice all crypto holders to engage in,don't just hold your coins when you can actually double or even triple them up in quantity ,its always wise to take profit while you can because no one knows tomorrow, the buy back trick won't hurt just give it a try
btc has mooned a little bit, and suddenly we have self claimed analyzers almost everywhere claiming bitcoin is going to 10,000$ in May itself , small time now and a little bearish they will moan again,
the time they suppose make small profit from the greens; they are busy forecasting
Note: Taking your profit does not mean selling your entire portfolio; it means taking profit; retaining your capital
You can always buy back the low
the time they suppose make small profit from the greens; they are busy forecasting
Note: Taking your profit does not mean selling your entire portfolio; it means taking profit; retaining your capital
You can always buy back the low
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