Topic: Taking profits - page 2. (Read 709 times)

it is the right decision that needs to be taken, from self-confidence that is what is needed for now, it all depends on us who decide many ways to get profit, with staking I also get profit even though not too much but it can be expected and is a reason to always continue to do it.

The best way to take profits this altseason is to set clear targets and sell gradually as those targets are reached. This way I can secure gains while still leaving some room for potential growth. Keeping track of taxes and planning for reinvestment is important too.

To take profit, we each have our own methods and must follow our instincts by carrying out various analyzes with the information we get. and I have taken enough profit from Dogecoin that I have been holding it since mid-2024. because I really believe that Dogecoin can give me a profit.The point is that we have to believe in every decision we have made.

You mean making profits or taking profits? I know that some people struggle on taking them after making profits, and get to be a bag holder, but imho it's pretty straight forward.

First you take out what you put in. Leave the profits, and then slowly start to cash out like inverse DCA. And after a while, you either leave some small moonbag that you forget and check on later on next bullrun in >4 years maybe, or if you are planning to exit completely. Never check how token that you got rid of is doing later on, because nothing good can come from that. Either you get peace when you see that token has died, or it mooned and you will be kicking yourself. There's no upside of knowing that.

I don't know the altcoins in your bag but the best way to take profit is for you to sell when you see that you are on profit because altcoins are not like bitcoin that the price will keep on pumping overtime after a correction or dip. This because some altcoins after they experience a pump in the bull season, when the bear season comes they dip and find it difficult to pump back.

Unless you have a ridiculously large income-in-fiat, so that pretty much "forever" you are always expecting to have excess fiat to toss into investments, seriously consider heading toward everything you have in crypto being all pure profit, every penny of fiat you ever put into it already long ago taken back out plus fiat profit.

If you can reach that point, which possibly or even likely is not as fast and easy as it was back when there were only 30+ cryptos in existence or even once there were 300+ or even by the time there were over 3000, then you can hopefully stop being so focussed on fiat at all and concentrate on growing your existing bags of crypto ever bigger.

At some point your crypto income will grow to rival your fiat income and unless your fiat income really is pretty darn impressive will probably outgrow it.

If you trade pairs of which bitcoin is one side of the pair you can grow your bitcoin holdings even while bitcoin trends ever upwards long term.

When your columns of buy-side offers, your heaps of offers to buy stuff with bitcoins, builds stronger and deeper than might actually be needed to catch even the most extraordinary dumps, you can thin out that buy-side a little to sell some of the bitcoin for fiat, that is a pretty good way of taking home some fiat from time to time.

You might be surprised how soon you will be weaned of fiat-focus and start living the life of a crypto-based person.


-MarkM-

it is indeed very clear to take a definite profit, with investment profits and taking it from the beginning is a good idea, so minimizing the losses that will occur on the invested coins, it is a necessary idea to get profit from crypto which is common to do, it is a strategy by analyzing coins that will be stable to enter it.

the most healthy way to take profit so far that i've been doing is partial TP, what i mean by that is you're taking out your initial investment with some profit and left some bag hoping that it'd multiply in the future, since the market is bullish anyway anything can happen, your remaining bag might do 2x - 3x nobody knows, and when that time come you won't regret selling your holding at lesser price because at the very least there's profit you're still making.

regardless even taking all your profit and sell all your holding when you're already in big profit despite the chance that the coin might still go up is still right, after all you're still in profit and nothing to regret.

taking profit is healthy as long as you're making profit .

I agree, everyone has their own departure based on their needs, at this point if anyone told me I will pay all your debt, just give me all your coins, I would give them all I have, because what I have in assets and what I have in debts is different, I have 3x the debt I have in assets, which means I can pay 1/3 of my debts right now, but that would not help me at all, then I would have no assets and still a lot of debt.

So I am expecting bitcoin and others to go up a bit more, before I sell, that way I would be paying my debt somehow, slowly, like gradually, but then I would have more assets too, then suddenly I could pay maybe more than half of my debts with one sale, which could help me a lot more, or maybe I would pay nearly all of my debts too, possible.

The key is to recover your initial investment first. Sell a portion of your altcoins to get your capital back, then hold the rest for the long term. This strategy ensures you're safe from losses because you've already recouped your money. It's a great way to stay in the game while minimizing risks. By securing your capital, you can let the remaining coins ride and potentially gain more without worrying about losing what you initially invested. Play it smart!

As far as you make realistic targets, I think it will be a healthy way for taking profits. You must already analyze everything on your altcoins before you make your targets for taking profits, I'm sure you know how realistic your targets are. Just don't trust totally the people who say the altcoins can increase hundreds percentages, it is because not every altcoin can experience it. It is mostly for new altcoins that rely on the hype, but they are very risky altcoins for investment. They can increase drastically, but they can drop significantly as well. I suggest you to focus on top altcoins which have strong fundamentals. 

different people, different strategies they use. some choose to sell all the tokens they hold and take profit, but there are also those who take some profit and hold some. depending on the person, they might do different things. and I personally prefer to take capital and small profits, and let the rest reach a certain price.

so it depends on you, you can choose which strategy is the best that you feel is right.

Merry Christmas.

This is a choice and your choices can always change. It has been like this for me and I am aware that it can change in the future.
My expectations are different according to my current financial situation, maybe my financial situation will be lower or higher in the future and then the amount I desire will be different.
But taking profit is healthy from time to time financially and for ourselves.

My question to you is, do you have any alts that you are saving? If your answer is Yes, then you should also have a price target for the alts that you are saving, which should also be realistic, not too unrealistic. Then do you have any ideas on choosing potential alts?

It depends on the crypto assets that you will hold until the bull run, as long as you don't get greedy in your mind if you ever see any profit coming into the alts you are holding.

In fact the more BTC rises to 100k, fear arises among short-term traders, how could it not be, just a little BTC correction, their altcoins quickly fluctuate down especially along with the Christmas and New Year moments. Yes, the market is quite unpleasant to see and only strong coins are unable to survive the BTC correction let alone the usual altcoins and their holders must be prepared for all the worst conditions.

This is what I agree with as well. I think we are going to end up with a lot worse situation and for that to mean something we need to consider how things could change. If you do slowly, then you are ready for up or down and that's the best method, this would allow you to be making more profit and get ready for even more in the future. That has to be the most important part for any trader considering the biggest trouble any trader has is that we are dealing with something that is hard to predict, so getting ready is a lot more difficult.

If we could do that, it is going to take a while and obviously we are going to see much worse situations with time if we are not getting ready like this method as well.

Profits is profits on which this is something that you will really be needing up to consider since the primary target that we do need to achieve here on this space is to make profits. It do really just that turned out that there are times or moments that we do make out some regret just because we had sold earlier and if we have decided to hold up a little bit longer then we might be able to make up some good money or profits with it and this one turned out to be that a very stressful kind of scenario on which you will be thinking up ahead again and again. This is why on your next time investment then this is the time you do hold up but it did turned out to be a dumping scenario on which this one will really be that make you pissed because you had done something but ending up on the same result.

Taking profit is really that recommended as long you do have the opportunity on doing so then you must do it so that whenever there's a correction then you wont really be having that kind of feeling of regret on the actions that you had done but of course if the movement goes up and you had sell out too early then its much better that you do simply ignore and never look back because you will really be that find it out stressful and will really be that making you impulsive because you dont really know on whats happening. It will really be that up to you on how you will be able to deal up with things accordingly.

Don't feel any guilt for taking profit especially if you are thinking about to gain more. Since there's nothing to worry about those things since what's more important is you already secure your bag.

You need to know that to many greedy people lose their profits and capital so whatever comes in your hand then be grateful with it since there's nothing gives us guarantee even if the altcoin season came. So you better always take your profit no matter what happen since we would never get any chance to do it if the market is starting to decline. Its frustrating to bag hold those alts that's why be contended on what gains you already got.

Slowly, that seems like the best way, plus trailing profit taking is also important as well. If the price keeps going up, I would suggest not really getting out that quickly, just wait, and when it starts to go down, do not sell it all at once, sell small part and wait, if it recovers you can buy that back and since it would be a small amount you won't lose much money, but if it goes down even more, you can keep on selling more.

Right now, it's bull period so there is no need to sell, just keep on buying more and eventually you will do fine and the price will go up. But when the bear market comes, you should still not sell it all right away, just try to figure out a way to make sure that you can make a profit slowly.

Merry Christmas to you as well

In my experience, the best healthiest way to take profits this altseason or even other markets is by taking them in smaller consistent cuts whether weekly or monthly. This method not only will help you to lock in your gains but also reduces the risk of market volatility wiping out your profits and capital both. I prefer seting clear targets for partial withdrawals that allow you to stay disciplined and avoid the temptation to hold on too long waiting for the big one move.

It also gives you the flexibility to reinvest your profits or diversify them when more opportunities apear. Of course, everyone strategy depends on their goals and risk tolerance but this method is the best for me.