Topic: Taking profits (Read 709 times)

Good art and pattern in making profit, but one thing to remember all need courage in investing in the crypto world, sometimes we like to speculate by occasionally chasing prices, because in conditions up and additional reasons it is also included in the category of our favorite coins/tokens too.

Well, behind all that I think profit comes if the timing is right and the largest percentage is loss where the price will be further depressed if you enter wrongly. Well, from the many concepts that I have learned, one thing that is needed is knowledge and patience if forced to be carried by one's own emotions.

With constantly taking of the small profits that adds to the trade each day we could literally gather good amount of profit at the end of the week or month more than those traders who will enter a trade and leave it for a long time waiting for a particular position to be reached before closing the trade with what profits made.  Whereas a number of market fluctuations (ups and downs) must have taken place before price got to reach at the trader's target position. Meanwhile the trader that's satisfied with taking little by little profits would have made good use of those fluctuations to make profits already.

Dealing with altcoins it's very risky to want to hodl any altcoin for a very long period of time except you're doing that with a small sum of money you can freely lose with having to worry.

You can - know - when to get off the hook, but the events may go differently anyways  So it's better to just do it no matter the case, if the target is reached.

This isn't an AltCoin season yet because Investors are being more attracted to bitcoin due to the Speculations since last middle last year that before the end of 2024 bitcoin will begin experience market pumps surging to bull run breaking 2025. And of course bitcoin has broken too many Ath within these margins while speculations States that the current bitcoin Ath is just a Shadow to prove how hugely bitcoin price will perform in this new market phase of it bull run.
Hopefully, the AltCoins season will come after this bitcoin investment market dominance will take ease to dip or bear. Then investors could diversify their portfolios to the AltCoins markets and then AltCoins will begin take attractive shape of yielding it investors good profits.
It's advised that whoever investing on AltCoin should study the volatility volume of the coin they're invested on so that they'd neither know when to take profits in a quick outbreak or keep holding in a period because some Altcoins could be good to hold in a long time while some are just good performing in a short time especially the Memecoins.

yep, but of course you must know how and when to dump to don't miss the big event as well.l, i mean don't just select your take profit where in you must know how to make technical analysis to get the right profits and time to withdraw. .i think news about the the project is a must as well 

Everything will really be that totally depends into your preference and with your capability on how you would really be hovering yourself into this market on which it do really comes into a point that you will really be choosing up on what fits for you and whats not. You are the ones will be able to find it out whether you are really that able to deal up with something on your best or something that you will be avoiding because you cant just that able to do. When it comes on making profits then it could neither be short time or long term on which there are ones who are really that wanting or really that needing up to see profits as much as they could. Taking profits is what the main priority on here, it will really be just that differing on how its been done and on the duration on which it is really that happening.

We are the ones who would be hovering ourselves into this market and it is really that recommended that you do really know at least into the things that you are dealing on with. Its not bad to see up others strategies and ways but make it sure that you are really that getting in line with your own approach and consideration on things as well.
Take profits when you do have a chance and then make out some buybacks on the moment that the market will really be having its dips or corrections. So it will really be that up to you on how you would be able to execute things accordingly and also learning will really be that an endless manner.

I prefer taking profits incrementally as prices rises, it allows me to secure gains while still leaving room for potential upside. I also like to diversify my profits, moving some into stablecoins or fiat for safety and reinvesting a portion into long term assets

You can start into a new asset okay if it dips, as you can start with a column of buy offers sitting there ready to get you into that asset only if it does dip.

Then when one of the assets you do that with does dip you have some of it to start building your column of sell offers in it.

It is true though that once it drops below your lowest buy offer or rises above your highest sell offer you are out of the game until it returns into your range unless you held back some extra funds to get back in with.

Which is why long term it is important to build your buy offers all the way down, and to make sure your sell offers extend far above the highest you imagine price could go in case it surprises you.


-MarkM-

That works, but only if the market goes your way. If it goes the other way, you will get your capital stuck. So, for the method you are applying, someone should have back up funds available at all times so that if one of their trades gets stuck and they can't sell them at a loss, they can use the backup funds to make more trades so that they can at least make some profit for the day. If you don't have backup funds, you will have your day wasted, and if the market doesn't go up soon, you won't be able to trade anymore.

Another way to deal with this is using stop-loss, but that is going to cost you because every time your stop-loss is hit, you are going to lose a small percentage of your capital, and then you will be under pressure because you will need to recover the lost amount and earn some profit on top of that. One should never trader under pressure, because when you do that, the chances of you making mistakes will be higher.

Always trade with a calm mind, and make sure that you totally understand what you are doing to avoid excessive and unnecessary losses.

Even though mostly peoples love to live with their own way and have their own strategies as well but still if someone wants to have profit surely it's never been easy long term or short term both ways having his own positive and negatives while mostly peoples those love day trading love to stay with long strategies because this give them better profit few surely not agreed with this but still works with not with all coins we need to go usually with stablecoins which are having better use case.

Trading has never been easy while we have to understand fundamentals changes can happen quickly while any negativity can bring the worst things around us so keeping things on track and also have all markets updates quickly always helps crypto is always in limelight and recent changes are surely having need more quick work.

I don't use the so-called stable-coins at all, from sound of it you should avoid them.


Ideally you ought to be able to simply treat it like any other business, even your office space for it as fraction of your home being an expense.

You buy internet access, machines to work with and maybe even to mine with, electricity to power them, and someday get some fiat back from all those layers of activity, maybe some year the fiat back will exceed all those expenses.

If at some point you actually buy crypto with fiat that should be like buying inventory, possibly an expense or possibly a kind of asset whose value is kind of in limbo until you manage to sell it since market conditions and for some inventory spoilage etc could very much change how much you get for it including getting less than it cost you.

But overall you haven't earned any actual income until you have gotten more fiat back than you put in.

Politicians etc often prefer not to see things that way though, hence their once upon a time suggestions that World of Warcraft magic sword finding be a taxable event.


-MarkM-

Can you give me a legal framework that explains when you have actually "made the money"?
I would say that this is when you convert your digital holdings to fiat holdings.
Not when you convert digital holding A (for example XRP) to digital holding B (for example XRP to USDT or bitcoin).

However this is what my government (Belgium) does.
You hold 50k worth of bitcoin in 2025. Along with 30k worth of XRP and 30k worth of HBAR.

You plan to secure your profits at the end of the bullrun and convert 60k worth of altcoins to USDT.
The government sees this as "realizing profits" and will demand at least 33% of the 60k. So at least $20 000 down the drain. Probably not in 2025 because you have not reported it to the IRS. But later. When you cash out to fiat currency, they will demand full insight in your transaction history. It is up to the bank customer to prove that the digital funds do not come from illicit activity. So if you have used a mixer or a privacy coin like Monero, you will not be allowed to cash out. And if you have not used a mixer and you do cash out, you will be considered a felon (tax fraud) for not reporting profits.

You reinvest your 60k at what you consider the market bottom in 2026. It is a bad year for cypto and you have losses. The government will not reimburse you for losses and you can not discount them from profits in 2025 because it is a different tax year. They want to eat your "profits" alive even when they are not really profits. They don't care about your losses in 2026.

By 2030 your portfolio is worth a million dollars, with just 6 trades each year.
But the IRS will demand 33% on each profitable trade until 2030, and also 33% on your final cashout of a million dollars.

The bottom line for me is that I do not intend to ever convert my digital holdings to fiat currency, because the Belgian IRS will send their licensed thieves to seize everything they can.

My hopes and dreams are that one day I can pay for housing etc, in full anonymity without any bank or government interference.
But I doubt that this can happen.

Taxing on money you haven't actually made is crazy, horrible if your country does that.

It is all just magic swords and such until and unless you ever do finally succeed in getting fiat from it.

I can see avoiding so called "stable coins" because of the possibility they could count as income since they supposedly actually represent fiat even when you have not succeeded in getting real fiat for them, but having waited months in the past for a crypto exchange to get my fiat to me, and being one of the lucky ones that actually got mine before the owner of the exchange pretended to die in some place in India famous as a place to pretend to die, or who knows, maybe he actually did die, and lots of people never got their coins nor fiat... It has always been very clear to me that it is all just game stuff until you do actually manage not only to sell some but also to actually receive the fiat you supposedly sold it for.

Politicians in the past have floated the idea that because someone managed to sell one World of Warcraft magic sword once on e-bay all players who ever find such a sword in the game should be taxed as if it were income; but luckily for me around here that idiotic idea never actually flew.


-MarkM-

I believe there is a false sense of security in taking profits.

What you are really taking is a delayed tax hit, and a criminal conviction of fraud when the IRS finds out that you have not reported it. In my country the minimum tax on any significant profit is 33%, and in some cases 50%.

Let's assume that you have invested 2k in XRP at 50 cents. You have 4000 tokens and these hit $20 in the bullrun.
You have turned $2000 into $80 000.

You want to take profits and convert $60 000 worth of tokens back into cash, or stablecoins or even bitcoin. You may not notice it immediately but as soon as the IRS finds out about that conversion (maybe 5 years from now) you owe $20 000 in taxes on that conversion. This can really cripple your financial situation if you have taken a mortgage at that time, and you are in a bearmarket.

In such a case it is highly doubtful to me if taking profits is better than hodling.
You can sell at $20 but what if it continues to $30, before coming back down to $14 in the bear market.
Mathematically you were better off not taking profits.

I can't agree with that, a few days lately BTC/XLM hasn't moved enough to hit my lowest sell offer or my highest buy offer but at least as many days I have had several of my offers taken per day, sometimes both upwards and downwards in price.

The trick is to have entire columns of offers, way down to catch major dumps and way way way up to catch super-skyrockets.

Most of the time it is just back and forth but catching those dumps and skyrockets is big profit real fast.

Having the offers already in place is key. As soon as I notice I bought, I place them back for sale building my sell column, and as soon as I notice I sold I use the proceeds to replenish my buy column.

By building my buy offers column extra-dense I accumulate extra buy-side (BiTCoin in this case) to someday thin out the column to take some of the profits away.

Since I am also busy builfing XLM buy-sides for lots of assets on Stellar platform I will also from time to time be thinning out my sell side to use the XLM on Stellar's own platform as buy-sides for things.


-MarkM-

If you do daytrading, you shouldn't expect to take very significant profits. If you want to get bigger profits, you prefer to choose holding altcoins for few months/years. But, doing daytrading, you will get profits more often. However, sometimes do daytrading isn't that easy. When the market trend changes suddenly, you may have no chance to get profits. How do you deal with this condition? You should have the way to avoid severe losses because of the sudden change in crypto market condition.

Wouldn't you want to wait to get at least +10% or +20%?

Greediness kills your investment as instead of taking your profits you been aiming for more, that kind of mentality will lead you losing your money, it's always the decision that you'll going to take that's really important when investing or when you are in the trading sessions, better understanding and knowing what should be your limit helps a lot in making a good success.

You have to analyze and think more about the knowledge that you may gain in each position that you take, experienced gives you that good basis to place and set your target for a better success.

My way of making a profit is quite simple, namely by buying some good altcoins and selling them with a profit of only a few percent and I always apply this method every day even though I only take a small profit, but if collected from several altcoins that we buy, then every day we can get a satisfactory profit.

Taking profit is always amazing with it needs good work from investor specially working on technical things and going with many analyses never been easy after this having how much profit is going to be ok another challenge because sometime greediness kills and peoples gone under trap while they want huge profit this give them shock even sometime we have lost which are not recoverable for investors.

Just because of this working carefully and having all things ready is also not bad even give better end of trade and investment which is important for all sometime if we have advance tip like mentioned Dogecoin it's also working good and give good profit but still keeping things under control always good for positive end.

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.

Every investor has their own profit target, but are you still unsure of your own decision? I myself have taken profits in altcoins even though many say the altcoin season will be up to 2025, well even though it is a little bit believing if it is profitable more than the target then it will be taken.
Altcoin has a high risk so you need to be a little vigilant.

If you can hit your goal by investing in meme coins, then go for it. After all, investing in altcoins is already risky because the overall market is unstable. We can see this clearly in Bitcoin’s dominance, so a negative move in Bitcoin often hits altcoins even harder.

I’m speaking from experience here. I’ve been burned holding altcoins in the past. What could’ve been a huge profit turned to nothing because I got greedy, thinking I should wait longer to cash out and hit my retirement goal. It’s a tough lesson, but it reminds us that in this market, timing and discipline are everything.

Lots of people get caught up in the euphoria stage & keep thinking everything will keep going up. It’s always a good idea to put a sell plan together. Something on Excel is good enough, a spreadsheet with laddered sells. You must have a draft plan, even if you deviate away from it.

The important thing is you have a target price to sell so you can sells and make a profit. Many people don't know when they must sell their coins even if the price reach the highest price because they still waits for the next highest price. There will be no more highest price is that is the real highest price so you must be wise to act based on the current situation. Make sure you can make a profit in a big money by selling your coins at the highest price although you may not be able to do that. But at least, you sell at the higher price and make a big profit from that. You will have a chance if you monitor the market and analyze the price before deciding.

Well if you want to take some risks and make some profits with alt coins then you should do that. Investors will have a different strategy for when they want to take profits.
For me I still do think it is best to just hodl your coins. It is very hard to be a successful crypto trader. There is too many 'bull markets' and 'bear markets'.
And we can not know how the market will change. It is so volatile and for me a big risk do not want to have.

There are a lot of ways though:

a. sell all your altcoins, 100%
b. sell at least 50% of it when the price hits all time high and wait. Then sell the next 50% if it goes up again. If not they wait a little bit or maybe you will continue to accumulate once more.
b. I see others sell at 80% of their assets and take profits and then leave 20% for the next accumulation phase for them.

So it's really up to you on how you strategized or how to look at the long term prospect, one cycle or more hold?

Set take profits as these things will really be the most important thing at the moment or time that you do make out some investments because if you wont really be taking any profits then you will be definitely be missing out tons of opportunities that you can be able to do so. Unless if you will be deciding on holding for long term then this is the moment or time that you will be not putting up any plans on selling out your holdings on which this one isnt really that bad either. Make up decisions that will really be according into your knowledge and awareness about on how this market works because if you do really know on how to go with the flow and making up some money then you will be able to sustain this unpredictable space. There are really just that those times or conditions that you will be hesitating on which this one is really that indeed normal. Always consider out on taking up some wise decisions in regarding into your portfolio.

We are the ones who will really be that making up such decisions because at the time or moment that we've seen ourselves not to be mindful about the risks involved or simply does make out decisions without basing up with some analysis then you will be ending up on making up some mistakes and errors. Therefore, you should really be that careful on what you are dealing into and not really just that simply make yourself that rushing up into decisions that you are into. Take profits if you do have the chance on doing so and make up some buybacks when the market do make out some dips and corrections. Rinse and repeat and you will see the difference on this one.

Hey, Merry Christmas to you too. You may try to take this way of taking profits just as how DCA happens. You can start taking 10% of your whole portfolio for profits if you are ever in need of money. But if not, do the math for yourself and what's comfortable and convenient to you. What I suggest is don't sell all that you have specially if the holdings that you have are the likes of BTC and ETH. They're hard to repurchase and that's why you need to be wise when you're going to sell them. Make sure that you have other plans of whether recovering them back or DCAing style again for it.

Yes, the need for a target to be achieved in an investment in altcoin is the most expected, by waiting for every movement that occurs, it is important, even though it takes time for every investment that we apply, it is clear that by setting a target from the start it becomes a goal so that you are more focused on investing and more directed, and maximize the results obtained.

Each investor has a specific strategy and clear targets for taking profits. There are those who may choose to take their profits after a 1x gain, while others wait for more... This also depends on the token that the investor has chosen to allocate his funds in.

I think the correct way to take profits is when the token price rises sufficiently. Then the investor can withdraw a good portion of the profits to secure his initial invested capital while keeping the rest in the asset. If the token experiences a correction,, the investor would have secured their profits and can buy back down, and more profits can be achieved if the currency continues to rise. This is undoubtedly a good way to reduce risks in altcoins. Many altcoins have been able to interact well with the Bitcoin price and have achieved a new ATH, so any investor should stay away from greed because it may make him miss out on opportunities. He should try to reap his profits whenever the opportunity arises and not leave his investments without clear goals.

There are different approaches to this

1) Some like to say invest $1000. When value of coins becomes $2000, they withdraw worth 1000 and then gamble with free money.

2) Some are investing only that money which they are ready to loose from day 1. They are also patient with the investment.

3) Some are investing for short term gains. I believe they are always in loss because their quality of life is affected due to tension and worries.

They are right about that.

Ideally you want to reach the point where everything you have on exchanges is already pure profit.

Once you have withdrawn all fiat (or power bills etc if mining Proof of Work coins) originally input everything still online is pure profit.

From there on you can keep building up, taking some fiat home from time to time as income.

Eventually hopefully that income will be greater than your fiat job income and you can start thinking about whether you want to keep the fiat job or don't need it anymore.


-MarkM-

It's essential to fix the PNL you've already achieved.
Being greedy kills the whole process and it's very important to minimize the risks in that regard.

By setting targets, you can also create other rules such as making withdrawals from your initial investment capital. For example, if you invest $1000 and your altcoins investment makes a profit, withdraw the $1000. Then, you will have the remaining tokens from your investment, which can be your net profit. You can hold it longer or withdraw it all.

100x can be done on memes only usually, and they are the graveyards of the deposits and funds.
So they are not a viable option, and should never be considered as such if a person wants a stable investment.

You should plan carefully, especially now that there are signs of a possible altcoin season. When I say “target,” it should be realistic, something you believe can be achieved. If your goal is to profit x100, then you’re relying heavily on luck, as this upcoming altcoin season, if it happens, might not be as crazy as the ones we’ve seen in the past.

Investors are getting smarter now, so they don’t jump into the hype or FOMO as easily. So, set achievable goals, and be ready to adapt your strategy one the altcoins season comes.

It's your choice, really.
You just should put a target and stick to it - once it's reached, don't hesitate to pull off from the position.

The way I take profits is by initially building my column of buy-side offers stronger and more dense than my minimum of twice as dense as my column of sell-side offers;

That way I can from time to time when fiat value of the buy-side assets is good, thin out the buy-side, taking the "excess" as profits.

That also of course helps my buy-side column of offers be extra-strong during the times between the profit-taking.

That twice as dense rule might not be so needed if not dealing with assets where your own buy side offers are a significant portion of the entire buy-side the asset actually has, such as if you venture into assets so huge compared to your own scale that your own offers are totally trivial compared to everyone else's.

But of course venturing into such assets means ceding control over price to everyone else, not being big enough yourself to make a big difference in the asset's fate.


-MarkM-

Hello,

What is in your opinion the most healthy way to take profits this altseason?

Looking forward to your thoughts!

Merry Christmas.