I still do not believe in taking profits because I do not use bitcoin for profiting. The whole idea of bitcoin wasn't to buy and then sell, it was about earning and spending just like regular currency, if you are not a forex trader in real life you do not buy and sell dollar to make more money, you earn dollars by working and you spend them to live. I support that type of approach to bitcoin all the time.
With that being said I sold almost all my coins during 2017 and started earning it back by working so I know that sometimes its too stupid to keep your coins and we are not at that stage yet, I would suggest waiting until over 20 thousand dollars to sell because this is not enough profit to get out, even if you have a bit of profit its just too small to worth the wait and I would suggest at least 15k+ to sell so you can have a proper profit.
Topic: Taking profits but don't be afraid! (Read 1077 times)
This is normal in bitcoin why we need to be afraid? Look at the price increase from the beginning of the year compared today. It's a small amount while the price already increase more than 100%.
Bitcoin is too volatile we don't know what exactly will happen in next day or next month so if you already make a profit sell before the opportunity lose or sell some every time the price increases so that if the price drop you can buy bitcoins again at the cheaper price then hold. It is just a simple cycle of how to trade in bitcoin if you are not smart you will always lose the opportunity.
When we started invest in bitcoin we already know that the price is not steady, so if you see that there are a changes on its price dont afraid of it. But if you sure you will earn profit maybe thats the time to sell, but it continue to increase just wait and hold it. Bitcoin is too volatile we don't know what exactly will happen in next day or next month so if you already make a profit sell before the opportunity lose or sell some every time the price increases so that if the price drop you can buy bitcoins again at the cheaper price then hold. It is just a simple cycle of how to trade in bitcoin if you are not smart you will always lose the opportunity.
I sell some amount of bitcoin at one price, but then in the next 10 minutes, the price increased $200, and I only say Geez, I should wait for a while to get more money hahaha.
But nevermind, I can accept that because I still take my profit in the increasing of the price.
It depends on your own mind game. For me, it is just a small pullback because bitcoin can't just grow and increase as it wants. There will be people who will think that it is time to dump their bitcoins, or like you said they are taking their profit. I've been in btctalk for more than 2 years and I'm certain that it is enough for me to stay no matter what happens.
If we look at a yearly chart of Bitcoin, we can see that this is just a little correction. 2019 had been an uptrend for Bitcoin and it is normal for people to cash out whenever they feel it is time to take profit so we do not need to worry about this because as they take profit new entry of investors is coming in.
It depends on your own mind game. For me, it is just a small pullback because bitcoin can't just grow and increase as it wants. There will be people who will think that it is time to dump their bitcoins, or like you said they are taking their profit. I've been in btctalk for more than 2 years and I'm certain that it is enough for me to stay no matter what happens.
I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately, "this thought come into my mind, don't be afraid, it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now, better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!
Here's what I gotta do, I'll keep on holding until such time the price is right. My definition of right price is that the price reach a peak price for a particular time. Take advantage of every peak price. Sell when you can profit. We know that the price goes up and down. So when the price is decreasing, buy some and if the price is increasing, sell some. 
I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately, "this thought come into my mind, don't be afraid, it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now, better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!
Here's what I gotta do, I'll keep on holding until such time the price is right. My definition of right price is that the price reach a peak price for a particular time. Take advantage of every peak price. Sell when you can profit. We know that the price goes up and down. So when the price is decreasing, buy some and if the price is increasing, sell some. This is normal in bitcoin why we need to be afraid? Look at the price increase from the beginning of the year compared today. It's a small amount while the price already increase more than 100%.
Bitcoin is too volatile we don't know what exactly will happen in next day or next month so if you already make a profit sell before the opportunity lose or sell some every time the price increases so that if the price drop you can buy bitcoins again at the cheaper price then hold. It is just a simple cycle of how to trade in bitcoin if you are not smart you will always lose the opportunity.
When we started invest in bitcoin we already know that the price is not steady, so if you see that there are a changes on its price dont afraid of it. But if you sure you will earn profit maybe thats the time to sell, but it continue to increase just wait and hold it. Bitcoin is too volatile we don't know what exactly will happen in next day or next month so if you already make a profit sell before the opportunity lose or sell some every time the price increases so that if the price drop you can buy bitcoins again at the cheaper price then hold. It is just a simple cycle of how to trade in bitcoin if you are not smart you will always lose the opportunity.
I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately, "this thought come into my mind, don't be afraid, it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now, better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!
From $14K to $4K real quick last the drop of 2018, the amount of the recent pricefall is just minimal. If you experienced the last moon, you will get used to it and be thankful it goes a lot better than before. Dont mind the little volatility it will do for it will land on moon the sooner.
There's not much to profit from the price difference bitcoin made lately.
If you haven't made money trading Bitcoin the past few weeks, then hang up your hat because trading isn't for you.
This volatility has been a godsend for my bank account (and my Bitcoin wallets). Would you rather be in the $3,000s doing another 3 months of sideways? I didn't think so.
There's not much to profit from the price difference bitcoin made lately.
If you haven't made money trading Bitcoin the past few weeks, then hang up your hat because trading isn't for you.
This volatility has been a godsend for my bank account (and my Bitcoin wallets). Would you rather be in the $3,000s doing another 3 months of sideways? I didn't think so.
From the point of view its normal to see Bitcoin or other altcoin a pump pump and dump since its price movement is so valatility that cause unpredicted movement but nithing to worry fron this kind of situation if you are really a trader you will understand that taking profit is a right decision even if you earn a small or big profit.
Do not worry, that is due to the slight volatility, if you take into account that we are in the accumulation phase you should not worry, he will rise, although we are not in a bullish trend because the accumulation stage ends at the time it ends. the offer in the price levels that are for now, or that the millionaire wallets reach an acceptable percentage of 70-80% of accumulated bitcoins, this is fulfilled so that bitcoin can rise as it did in 2017.
So if your wallet you ceunta that low a little price do not worry, ahroita is very difficult for the price to go down a lot, have entered many investors, it is possible that they fall in certain lateralizations and then can go up.
Do not be surprised if you suddenly wake up and get your wallet with +15 or +20% ...
So if your wallet you ceunta that low a little price do not worry, ahroita is very difficult for the price to go down a lot, have entered many investors, it is possible that they fall in certain lateralizations and then can go up.
Do not be surprised if you suddenly wake up and get your wallet with +15 or +20% ...
Accumulation before the halving, be aware that price will skyrocket in some point, just I don`t expect that too happen in this year, or next one. 2021 or 2022 will be the year of big rise, everything before that will be like its now, price is going up slowly, price drop a bit, and like that. Fluctuations that most of us love, cherish and earn from, so use this fluctuations to earn a bit more bitcoins before price start to go high fast.
Do not worry, that is due to the slight volatility, if you take into account that we are in the accumulation phase you should not worry, he will rise, although we are not in a bullish trend because the accumulation stage ends at the time it ends. the offer in the price levels that are for now, or that the millionaire wallets reach an acceptable percentage of 70-80% of accumulated bitcoins, this is fulfilled so that bitcoin can rise as it did in 2017.
So if your wallet you ceunta that low a little price do not worry, ahroita is very difficult for the price to go down a lot, have entered many investors, it is possible that they fall in certain lateralizations and then can go up.
Do not be surprised if you suddenly wake up and get your wallet with +15 or +20% ...
So if your wallet you ceunta that low a little price do not worry, ahroita is very difficult for the price to go down a lot, have entered many investors, it is possible that they fall in certain lateralizations and then can go up.
Do not be surprised if you suddenly wake up and get your wallet with +15 or +20% ...
Prices fall because many people taking profits, so make prices fall.
Some traders do, especially the whales, they always take advantage when there is a big pump and dump, either way, they are benefiting on it.
They will cash out because they can enjoy their profit even at 5% due to their huge capital but we ordinary trader, we should hold longer as any price fall when the market is bullish, is just a temporary thing, price will again rise and continue its bullish trend.
Crypto beliefs are things that investors must have to invest.
and don't let negative thoughts penetrate your emotions to make the wrong decision, obviously there are always those who win and lose every choice we take.
and don't let negative thoughts penetrate your emotions to make the wrong decision, obviously there are always those who win and lose every choice we take.
Whenever the price goes up a lot, it also drops a lot.
I do not understand why you had to think like this when these big increases and followed big losses were always normal things in the crypto world.
Yep to both. But there are a lot of newbies coming in to the crypto world right now, likely because of the recent price increase--just like from 2009-2014, and 2017. So there are going to be members of this forum who aren't quite accustomed to bitcoin's notorious volatility, and boy will they learn that in a hurry.I do not understand why you had to think like this when these big increases and followed big losses were always normal things in the crypto world.
Pullbacks/corrections are normal and are healthy for the market, not just bitcoin but any market. You can't have the price of something just keep increasing exponentially (or even linearly) without dips. It just doesn't happen. Traders do periodically sell and take their profits, and that causes the dips. To those who haven't been around bitcoin that long: be patient and don't freak out when the price drops $1000 (or pick a number) in one day. It's happened many times before and those events will happen many times again in the future.
I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately, "this thought come into my mind, don't be afraid, it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now, better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!
From $14K to $4K real quick last the drop of 2018, the amount of the recent pricefall is just minimal. If you experienced the last moon, you will get used to it and be thankful it goes a lot better than before. Dont mind the little volatility it will do for it will land on moon the sooner.
I was lucky for a while, when it hit the first 8 thousand I said that is about enough and cashed out and actually wanted to do something with my money.
It could have been something that would erase it forever like a big vacation but I already planned my vacation (even though its small and not that good but its somewhere at least) or I could have purchased some sort of fiat investment, not like a house or a shop because they cost a lot but maybe something closer, it could have been even for a partnership with an existing business by buying some shares of that company.
However, as soon as I sold it started to drop and I felt amazingly lucky that I sold, when it hit the recent bottom I said I am not going to decide on what I am going to spend this on just yet so I might as well just keep it on bitcoin until I decide and bought back. That wasn't because I am some sort of clever trader or I checked the charts or anything, I was just purely lucky on my timing
.
It could have been something that would erase it forever like a big vacation but I already planned my vacation (even though its small and not that good but its somewhere at least) or I could have purchased some sort of fiat investment, not like a house or a shop because they cost a lot but maybe something closer, it could have been even for a partnership with an existing business by buying some shares of that company.
However, as soon as I sold it started to drop and I felt amazingly lucky that I sold, when it hit the recent bottom I said I am not going to decide on what I am going to spend this on just yet so I might as well just keep it on bitcoin until I decide and bought back. That wasn't because I am some sort of clever trader or I checked the charts or anything, I was just purely lucky on my timing
. Prices fall because many people taking profits, so make prices fall.
Some traders do, especially the whales, they always take advantage when there is a big pump and dump, either way, they are benefiting on it.
They will cash out because they can enjoy their profit even at 5% due to their huge capital but we ordinary trader, we should hold longer as any price fall when the market is bullish, is just a temporary thing, price will again rise and continue its bullish trend.
I was consider those dropped are more likely just an another corrections price and look at the price in these few days seems it was recovering so don't have to worried about that because until today the price still strong at range $7000 above and i think small corrections is usual in the bitcoin price movement and all we have to do is don't have to panic
In case of Bitcoin, i would say that don't be panic at all.
If you see the recent growth graph then Bitcoin has already increased a lot.
But the things that is concerned is that, compared to last 3 days the price is falling down.
So now it is not the time to panic.
The only thing is to do is to prey so that Bitcoin keeps on increasing.
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