It's true, that most new investors don't have a proper exit strategy and this makes them lose their earned profits because they don't sell their assets on time thinking that the price might go higher and then they will have more profit while it isn't always possible for a cryptocurrency to continue going up because the market is highly unpredictable and an asset can have a reverse at any time when it comes to its price. So exit as quickly as possible if you are already in profit instead of waiting for a better opportunity.
It's not possible for anyone, even experts, to perfectly time the cryptocurrency market whether it's about buying or selling, so the best one can do is to take whatever profit they are getting and exit the market if they can see that the market is unstable at that particular moment.
Topic: Signs you should know to take profit from your crypto investment - page 2. (Read 859 times)
February 16, 2024, 11:30:52 AM
February 16, 2024, 06:45:05 AM
Another sign is when your exit target has been reached. If you had a target to sell at $50,000, you should sell and not allow other to convince you. Many people will always be saying Bitcoin will continue rising but Bitcoin takes a break after rising for sometime and I think we're around that period that Bitcoin will experience a correction therefore my advice isn't for holders but traders.
I totally agree with this.
Sometimes you start an investment and you say to yourself that you'll sell at a certain price. By your calculations, you will make a certain percentage of profit by then because you plan to use the money for something maybe. Then when the time finally comes and the price of Bitcoin is around the range you wanted, you might get greedy or enticed by the upward slope of the price, and before you know it, the price has started going down and it might even go lower than your initial target.
I know that this can work both ways, it can work in your favor or against you, but if you have set a target and you want to use the money for something, that's feel you should stick to your initial plan even if the price keeps rising.
February 14, 2024, 05:59:19 PM
We wont really be needing any sign if we do speak about securing profits with our investment. Secure it out when you are already that contented.
TP when happy and with those common lines might really that something that basic but this is something that you should really be prioritizing.
Some people do held their position until they would be caught on the dump and ending up on holding for another cycle.
So you should really be wise on making those decisions.
We could definitely take profit when we feel like we have profited enough or we think that the peak is near and we are going to crash. Too many people end up thinking that they are going to end up with a trouble and we should probably avoid that as much as we possibly could, there is really nothing else we could do about it. I hope that the best thing we could do right now about this market situation is to just focus on when to get out, and if we could find a way to do that then we are going to be fine.TP when happy and with those common lines might really that something that basic but this is something that you should really be prioritizing.
Some people do held their position until they would be caught on the dump and ending up on holding for another cycle.
So you should really be wise on making those decisions.
Hopefully, life will be a lot quicker and we get to that bull run period, because waiting also makes some people need money eventually, the longer you wait the more chance there could be something in your life that requires money.
such step for us to be that able to at least secure those profits if we do have the chance or opportunity on acquiring so. Just like on what been said earlier is that people are really that having those feeling of greed
and wanting for more on the time that they are already making profits on which they would really be holding into their position just because they do have the hope that the price might be shooting up further more.
If it does then you are lucky but if not then you have just wasted a golden opportunity for you to make those assured profits on which everyone is really that targeting into.
It is really just that on someones perception and assurance that they would really be securing out those profits on the time that they've seen those chance but
but due into that human greed then this is where things gets messy.
February 14, 2024, 07:56:48 AM
People do miss out those opportunities and ended up on having those regrets. Just like been said that learnings do comes from in the end and not from the start.
With those experiences that you are able to encounter. You would really be finding yourself that be able to learn from it on which on next time
then you do already know on what you should gonna do on such situation.
February 13, 2024, 10:54:01 PM
This is a good post for those doing short term investments in Bitcoin as it offers them the opportunity to exit the market at the best times. The only challenge with liquidating the entire assets in the form of taking profit is that most times the money taken out of Bitcoin will most likely return to Bitcoin and may be spent in other things or invested in other assets when Bitcoin still remain the best asset to invest in. Because of this, I do not consider liquidating my entire asset even if Bitcoin makes a new ATH, I prefer holding as long as it is necessary.
Each person has their own preferences in terms of saving and also in terms of investing by creating their own time period in an asset such as Bitcoin. And I think for now it seems it would be wise to hold it for a little longer term because Bitcoin has passed the $50K price which is generally a very good thing because I personally never imagined that within this month Bitcoin would be at that price. But in reality it is and it is really good for Bitcoin custodians and for investors who don't like to exchange Bitcoins in a short time.Taking profit decisions would really be always talking about having those gains or greens into your port. There are really just those people who are really that just that too greedy on the time that they would be seeing that they are making money on which they have forgotten that they should really be taking profits on the time that they do see some gains and not wait up for some dump.
People do miss out those opportunities and ended up on having those regrets. Just like been said that learnings do comes from in the end and not from the start.
With those experiences that you are able to encounter. You would really be finding yourself that be able to learn from it on which on next time
then you do already know on what you should gonna do on such situation.
February 13, 2024, 09:19:18 PM
Each person has their own preferences in terms of saving and also in terms of investing by creating their own time period in an asset such as Bitcoin. And I think for now it seems it would be wise to hold it for a little longer term because Bitcoin has passed the $50K price which is generally a very good thing because I personally never imagined that within this month Bitcoin would be at that price. But in reality it is and it is really good for Bitcoin custodians and for investors who don't like to exchange Bitcoins in a short time.
For the short term, Bitcoin trading at $50,000 isn't good as many traders will begin to take profits and this will bring selling pressure that'll make Bitcoin to drop in price. A sign to know when to take profit for traders or those that are investing for the short term is when Bitcoin starts getting to many praises and we're not in the bull market season. The hype will make traders and Investors to start taking profits. Another sign is when your exit target has been reached. If you had a target to sell at $50,000, you should sell and not allow other to convince you. Many people will always be saying Bitcoin will continue rising but Bitcoin takes a break after rising for sometime and I think we're around that period that Bitcoin will experience a correction therefore my advice isn't for holders but traders.
February 13, 2024, 02:58:55 PM
The thing is that as a cryptocurrency investor you have to have a timing in any of the cryptocurrency that you want to purchase depending if you are into a long time investment or a short-term investment and if you want to purchase a Bitcoin ensure that you have make a proper research before investing in Bitcoin because a bullish season does not have any sign to show it comes unexpectedly and not everyone that utilizes it based on the time the purchase they are coin or they are Bitcoin so it is advisable to purchase Bitcoin when the price is low and expect it in bullish market so that you make a profit but in so many of us does not like to purchase Bitcoin when the market is unbearish so that is one of the things that makes Bitcoin many people always be unlucky to purchase bitcoin.
February 13, 2024, 12:55:25 PM
We wont really be needing any sign if we do speak about securing profits with our investment. Secure it out when you are already that contented.
TP when happy and with those common lines might really that something that basic but this is something that you should really be prioritizing.
Some people do held their position until they would be caught on the dump and ending up on holding for another cycle.
So you should really be wise on making those decisions.
We could definitely take profit when we feel like we have profited enough or we think that the peak is near and we are going to crash. Too many people end up thinking that they are going to end up with a trouble and we should probably avoid that as much as we possibly could, there is really nothing else we could do about it. I hope that the best thing we could do right now about this market situation is to just focus on when to get out, and if we could find a way to do that then we are going to be fine.TP when happy and with those common lines might really that something that basic but this is something that you should really be prioritizing.
Some people do held their position until they would be caught on the dump and ending up on holding for another cycle.
So you should really be wise on making those decisions.
Hopefully, life will be a lot quicker and we get to that bull run period, because waiting also makes some people need money eventually, the longer you wait the more chance there could be something in your life that requires money.
February 13, 2024, 09:44:01 AM
The best way to profit is to take your profits in Bitcoin not fiat currencies.
But majority will really be sticking into converting their Bitcoin profits into fiat or stablecoins. 
Well i couldn't blame them though.We wont really be needing any sign if we do speak about securing profits with our investment. Secure it out when you are already that contented.
TP when happy and with those common lines might really that something that basic but this is something that you should really be prioritizing.
Some people do held their position until they would be caught on the dump and ending up on holding for another cycle.
So you should really be wise on making those decisions.
February 08, 2024, 12:52:07 PM
The best way to profit is to take your profits in Bitcoin not fiat currencies.
February 08, 2024, 12:34:38 PM
As a crypto investor, either in Bitcoin or altcoins, you must set a target for profit taking, because you can't time the Top perfectly, many people have end up riding the bear market over again because they failed to take profit, and that's because they need something to tell them that the top is achieved, which is impossible.
When Bitcoin beats it's old ATH you should take some profits off your portfolio, this is my own plan, once Bitcoin reach 70k I will sell 20 percent of my holdings into USDT and the next sell off will be at 80+ and counting, maybe another 40 percent of my holding then.
There is no way you will lose if you gradually take some profits off the table, and make sure you are contented with what you are getting, you don't want to be a greedy type in an ongoing bull market.
When Bitcoin beats it's old ATH you should take some profits off your portfolio, this is my own plan, once Bitcoin reach 70k I will sell 20 percent of my holdings into USDT and the next sell off will be at 80+ and counting, maybe another 40 percent of my holding then.
There is no way you will lose if you gradually take some profits off the table, and make sure you are contented with what you are getting, you don't want to be a greedy type in an ongoing bull market.
February 08, 2024, 09:33:22 AM
2. Reaching personal target goals
This has saved me a lot of heartaches and regrets, I was able to dodge bad profit taking moments in favor of waiting for the goal to be reached and at the same time it helped me be strict and disciplined about my hodling, I was able to save up more bitcoin than I could think of because I have a goal price, I also like to add that you also should make your price goal unrealistic to many people so you know that you're going to be serious about your hodling and it will keep you from spending it all for something unnecessary, I do sometimes see the potential profit that I will get if I sell my bitcoin by multiplying it with my current goal and so far, that encourages me to even go beyond with my hodling.We do know that each one of us does have that kind of target or numbers in mind but at least we should really set into those numbers on which we do know that it isnt really something that do talks about
unicorns but rather into those numbers that could be easily attain because if not, then you might be ending up on holding forever and might be resulting on missing out on getting those profits
on the right time and would really be waiting up for another cycle.
Can you afford on waiting up in between 5 year cycles for you to be able to release your bag? Of course not. This is why it would really be
always ideal and wise that there should really be that threshold that you do able to make those decisions so that there would really be no regrets on that one.
February 08, 2024, 04:57:39 AM
~snip~Not all people who hold earn more, sometimes they lose the chance. It is very clear to us how the volatility of the market has given us the opportunity to buy low and sell high. Unfortunately, we usually miss it because of our greed and market temptation. Sometimes FOMO also have an influence on our decisions.
FOMO and greed both have an influence on the final decision. Even though you have made a profit, you still don't have enough and you are not satisfied, but when the price starts to fall you panic and want to sell. controlling not to indulge in fomo and greed is very difficult. Earning more will be very difficult when greed cannot be controlled. there would be no top targets achieved, even having a small advantage was already quite lucky.
It might be when the market sentiment is beginning to douse that the person would act based on FOMO. However, instead of that, why can't the person act professionally and read the analytical means to have better guidance about the market? Also, greed, well, I have mixed feelings about it, it is all about how good the trader/investor is. If you are so good, greed will never affect you badly, and even if you see it affecting you, your money and risk management will always save the day.
Nonetheless, greed is worse in trading but better in investment, after all, if you are greedy sometimes, you can make more. Only that professional traders/investors will monitor the process better to know what to do in case of adverse conditions so that it do not affect them.
February 08, 2024, 03:57:06 AM
2. Reaching personal target goals
This has saved me a lot of heartaches and regrets, I was able to dodge bad profit taking moments in favor of waiting for the goal to be reached and at the same time it helped me be strict and disciplined about my hodling, I was able to save up more bitcoin than I could think of because I have a goal price, I also like to add that you also should make your price goal unrealistic to many people so you know that you're going to be serious about your hodling and it will keep you from spending it all for something unnecessary, I do sometimes see the potential profit that I will get if I sell my bitcoin by multiplying it with my current goal and so far, that encourages me to even go beyond with my hodling. 
February 08, 2024, 01:47:43 AM
4. Extreme FOMO or the market index is already on that Greed side.
You would eventually be able to feel out that it is really that on that particular situation or peak but of course each person would be have their own impressions on which it would
really be getting in line on how much experience you do have into this market on which we know that not all would really be having that kind of knowledge and awareness
on how this market works or behaves. This is why it would be always best that you should really know on how to spot on when is the best time to sell.
Although it wont really be that 100% accurate or precise but at least you do already know on what you should gonna do.
You would eventually be able to feel out that it is really that on that particular situation or peak but of course each person would be have their own impressions on which it would
really be getting in line on how much experience you do have into this market on which we know that not all would really be having that kind of knowledge and awareness
on how this market works or behaves. This is why it would be always best that you should really know on how to spot on when is the best time to sell.
Although it wont really be that 100% accurate or precise but at least you do already know on what you should gonna do.
February 04, 2024, 04:54:05 AM
This is a good post for those doing short term investments in Bitcoin as it offers them the opportunity to exit the market at the best times. The only challenge with liquidating the entire assets in the form of taking profit is that most times the money taken out of Bitcoin will most likely return to Bitcoin and may be spent in other things or invested in other assets when Bitcoin still remain the best asset to invest in. Because of this, I do not consider liquidating my entire asset even if Bitcoin makes a new ATH, I prefer holding as long as it is necessary.
February 04, 2024, 12:17:38 AM
Once my set goals have been achieved, then that would be enough reason for me reap the profits from my investment. Know that crypto investment is quite unpredictable, you might be in profits today but suddenly you’ll end up losing your expected profits after a day or two, so it’s really necessary to sell and take your profits once it’s already there. Otherwise, if you keep on missing opportunities to sell and make profits, you will never be able to sell anymore at your target price goal.
Yes, it's true. Until now, the market is still very unpredictable. That's why we, the investor community in the crypto space, should be smart in the investments we make in this field. Especially since all cryptocurrencies are really volatile assets.
Because the OP actually made this only for those who know about crypto trading, honestly, those who have no idea or knowledge about crypto trading are not allowed here. The topic of trading in this field is vast, and crypto trading is not really easy to learn, and this is the truth.
February 03, 2024, 07:58:22 PM
~snip~Not all people who hold earn more, sometimes they lose the chance. It is very clear to us how the volatility of the market has given us the opportunity to buy low and sell high. Unfortunately, we usually miss it because of our greed and market temptation. Sometimes FOMO also have an influence on our decisions.
FOMO and greed both have an influence on the final decision. Even though you have made a profit, you still don't have enough and you are not satisfied, but when the price starts to fall you panic and want to sell. controlling not to indulge in fomo and greed is very difficult. Earning more will be very difficult when greed cannot be controlled. there would be no top targets achieved, even having a small advantage was already quite lucky.
February 03, 2024, 06:29:07 PM
2. Reaching personal target goals
Of course, this should be a must.If your crypto asset has reached a predefined price target that you think will reach the level you consider satisfactory, it might be a good time to take profits. Many of us store the value of Bitcoin and set a target for when to harvest it, even how long it is.
How many of us here think that will miss a chance during the bull market and sell it quickly?
There is no argument about this and it has to be a realistic target and not an elephant target that won't be met until the bull run is over
The volatility is always high during the bull season, so setting a realistic measure for taking profit is better and can be easily reached. Again to have technical idea of price movements, support and resistance can also be helpful. Like those who bought at higher high, if they where able to interpret technical analysis, they can know it was time for retracement. However, the problem is that of greed. If a hodler is setting a longtime plan, he should know if it will be realistic in the current bull or the future. So set a target and take your profit on it if you get there. Don't readjust because of volatility that is in the market it can cause more harm than profit.
While this could be easier for some of us, but majority still fall on being greedy. They say that learn to be greedy when others are fearful and learn to be fearful when others are greedy, but this time, it’s better not to be greedy at all.
February 03, 2024, 06:57:57 AM
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