I am still woried about the price of bitcoin whether it will come up or down in next few months of this year 2020 and I have also conflict in my mind that it is the best time to take profit or still should hold the our bitcoins.
if you bought at around 15k it is safe to sell your bitcoin now since you already made a profit. We already have seen this last 2017, after the pump there comes the dump but this might be different this time. You could wait, if btc break through the resistance you can still hold it, but if it starts crashing you could sell at 17k and you still have a profit of 2k. 
Topic: What do you think about the price of Bitcoin now? Take profit or greed? - page 4. (Read 847 times)
November 20, 2020, 10:51:53 AM
November 20, 2020, 08:53:06 AM
I am still woried about the price of bitcoin whether it will come up or down in next few months of this year 2020 and I have also conflict in my mind that it is the best time to take profit or still should hold the our bitcoins.
November 20, 2020, 08:33:00 AM
take a little profit or accumulate depending on the initial strategy that has been made. If you want to continue to hold bitcoins and reach a predetermined target price, buying them again won't be a problem. But if you want to benefit directly from the rising price of bitcoin, selling half of its assets is the right choice.
myself sell a few percent of the assets I own to maintain profits, then if a correction occurs I wait at a lower price to buy it back.
myself sell a few percent of the assets I own to maintain profits, then if a correction occurs I wait at a lower price to buy it back.
November 20, 2020, 08:03:06 AM
selling now is like selling at the bottom
Pretty much. After confirming a strong bull trend with the break of 14k BTC is drawn to the previous ATH, just like it was in 2017 when it approached 1.1k USD (2013 ATH).
Do you remember what happened then? When we broke 1.1k for the second time, we immediately went to 1.3k. So we had an instant 18% jump in price. Today, if the market acted the same way, we'd go to around 24k and this is what you should expect. Even if you're a trader, selling now would be going against the trend.
November 20, 2020, 07:47:57 AM
This doesn't sound serious to me.Do you think that many crypto traders are going to sell their BTC just because they want to buy some shit for Christmass.Dude,people have credit cards for that. 
Does everything have to be serious when it comes to selling Bitcoin? No right? It's up to people to decide whether they would do it or not. Christmas is just one of the reason I thought because some people are actually selling some Bitcoins for profit (because why not?) to have a good Christmas this year. Not Everyone use credit card to buy some things for Christmas.
November 20, 2020, 05:59:02 AM
apparently bitcoin cannot reach $ 20000, and now it will start to slowly fall down, I have taken a little profit, I do not dare to hold it anymore, I am afraid it will fall and I will not be able to profit ... I am not greedy waiting for a big profit, the end cannot anything.
Some price drop can happen and when it would be is uncertain. But those who had achieved their profits and were waiting for 18k would have exited and at times greed becomes the danger as it may take months or year at times to bounce back. So as per risk appetite it will differed from each person.
November 20, 2020, 07:05:14 AM
Never taken profit, always using and selling most of what I get, and storing aside as much as possible (not much) for rainy days.
so what does that make me, greedy?
Can't we have a third option of people who're neither greedy nor speculating, just believing in the long term promise of Bitcoin?
so what does that make me, greedy?
Can't we have a third option of people who're neither greedy nor speculating, just believing in the long term promise of Bitcoin?
November 20, 2020, 06:44:37 AM
The season we are now, is to take profit from bitcoin investment because the market is good for anyone to release their coins to market for profit making.
Since the price of bitcoin is still improving in the area of exchange market, that is causing other cryptocurrencies to fall in price which is causing their investors to lose profit day by day in the market. Since the supply is now in the market, show that demand will be much in the market that will make many investors to make a good profit from the market. Since bitcoin is still increasing in the market show that we are in the season of profit making.
Since the price of bitcoin is still improving in the area of exchange market, that is causing other cryptocurrencies to fall in price which is causing their investors to lose profit day by day in the market. Since the supply is now in the market, show that demand will be much in the market that will make many investors to make a good profit from the market. Since bitcoin is still increasing in the market show that we are in the season of profit making.
November 20, 2020, 06:44:12 AM
apparently bitcoin cannot reach $ 20000, and now it will start to slowly fall down, I have taken a little profit, I do not dare to hold it anymore, I am afraid it will fall and I will not be able to profit ... I am not greedy waiting for a big profit, the end cannot anything.
November 20, 2020, 05:47:58 AM
I saw in another forum tha few people have already started selling their Bitcoin at 17k. I assume they were those who were stuck at that level from 2017.
In my opinion you need to continue HODLing Bitcoin till you think you have achieved your desired profit point. I think the price of Bitcoin will reach the moon in the future and the more you can HODL the more you can achieve success.
In my opinion you need to continue HODLing Bitcoin till you think you have achieved your desired profit point. I think the price of Bitcoin will reach the moon in the future and the more you can HODL the more you can achieve success.
November 20, 2020, 05:42:08 AM
What do you think about the price of Bitcoin now? Take profit or continue to greed? I understand how you feel about Bitcoin's price crash in the past. And many people are thinking about taking their profit when Bitcoin go back its old top around 20k USD. If you look at the chart of Bitcoin recent days, you can see Bitcoin continuously sold down at the price 18.2k USD, it shows that many people had already taken their profit but it was immediately bought around the price 17.5k USD and be supported very well at here
Let's think about what happened next when they had already taken profit? the break of its old top and keep going up? In my opinion, I see the price movement of Bitcoin this time compared to 2017, there is a difference significant when we see the monthly chart of Bitcoin.
1. The first period is from Jan-2017 to Jan-2018
-->There are almost no adjustments, and the price went straight from 1200$ to 20.000$
2. The second period is from Jun-2019 to Nov-2020
--> The price moves in its correct trajectory (maybe Elliott's wave) with some significant corrections.
Beside that, I want to show an interesting information about the difference between BTC flowing into and out of all exchanges.
(Source: https://cryptoquant.com/overview/full/474?window=day)
We can see the red candles represents for a drop in Bitcoin deposits on exchanges and that could be a sign that there is little taking profit here on exchanges (there may be trading on OTC exchanges)
Finally, this is just another view of the market from me. And with long-term investors, you also shouldn't have too much headache about profit taking or not
Let's think about what happened next when they had already taken profit? the break of its old top and keep going up? In my opinion, I see the price movement of Bitcoin this time compared to 2017, there is a difference significant when we see the monthly chart of Bitcoin.
1. The first period is from Jan-2017 to Jan-2018
-->There are almost no adjustments, and the price went straight from 1200$ to 20.000$
2. The second period is from Jun-2019 to Nov-2020
--> The price moves in its correct trajectory (maybe Elliott's wave) with some significant corrections.
Beside that, I want to show an interesting information about the difference between BTC flowing into and out of all exchanges.
(Source: https://cryptoquant.com/overview/full/474?window=day)
We can see the red candles represents for a drop in Bitcoin deposits on exchanges and that could be a sign that there is little taking profit here on exchanges (there may be trading on OTC exchanges)
Finally, this is just another view of the market from me. And with long-term investors, you also shouldn't have too much headache about profit taking or not
I would call $18,200 as the resistance level now, and maybe $17,600 as support if the bulls can maintain it. There is a chance that Bitcoin might crash anytime soon because of the parabolic growth in the past days. I would take profit if I did invest in BTC (I’m holding more on ETH right now) rather than being greedy because I don’t wanna repeat my past mistake back then of being too much greedy,
November 20, 2020, 05:41:51 AM
In my opinion for the moment it is better to sell it for a while, because in Bitcoin trading there are times when the price will fall back and don't even think about taking big profits without seeing the risks that will occur later, because a Trader must really make very good decisions in the case of buying and selling, if it is not done immediately it will result in losses for your investment in the future. All your definite decisions will determine it, not the others.
November 20, 2020, 05:23:47 AM
It depends on your goal? Like what @mk4 said, it's a kind of whatever moment for everyone tbh. With how things are going though, the price going down seems the most unlikely move so I think it can be safe to say that holding or selling right now wouldn't change much since the difference would be negligible in the short term. Ofc, day traders could take advantage of this though and profit off by 5-10% per trade depending on the market.
Though tbh, it's more likely that keeping hodl would result in a better profit return. We're basically just at the end of 2021, and the current trend has only happened for a few weeks only. It's not like the trend was brought about weakly like 2017, it actually has a foundation right now which makes rushing to sell have no sense. It'd be a lot better to greed, at least until the end of this year imo.
Though tbh, it's more likely that keeping hodl would result in a better profit return. We're basically just at the end of 2021, and the current trend has only happened for a few weeks only. It's not like the trend was brought about weakly like 2017, it actually has a foundation right now which makes rushing to sell have no sense. It'd be a lot better to greed, at least until the end of this year imo.
November 20, 2020, 04:24:22 AM
I am a non-trader too, for now. As a personal strategy, I set a line where I am going to sell my bitcoin, I do not mind the FOMO higher price than what I have sold it because I have needs for the money that will benefit me in the long run. I sort of think of it as diversifying my investments.
I second this. Christmas is around the corner and no doubt that a lot of people would be needing money for their wants and needs this coming season so it's actually a good price to sell some of your Bitcoin (at least not all of you Bitcoin though), unless you bought at a peak.
This doesn't sound serious to me.Do you think that many crypto traders are going to sell their BTC just because they want to buy some shit for Christmass.Dude,people have credit cards for that.
Anyways,there has to be a price correction coming.I don't know when it will happen,but I'm sure it will happen.Maybe, the bull market will continue after that correction or maybe the FUD propaganda machine will be activated in January and a bearish market will follow.In both cases,I will just HODL.
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November 20, 2020, 03:49:58 AM
I hope you don't be greedy and take a profit if you think that you can make a profit. If you are still holding bitcoin, maybe that will be a good decision, but don't forget that the price will fluctuate and you need to calm down. We already see $18,400, so maybe you can sell bitcoin when the price can increase to $19k because the $600 gap of the price will give you the profit, so you can wait for a while to buy back Bitcoin at a lower price. But that will be up to you.
November 20, 2020, 02:02:50 AM
I am a non-trader too, for now. As a personal strategy, I set a line where I am going to sell my bitcoin, I do not mind the FOMO higher price than what I have sold it because I have needs for the money that will benefit me in the long run. I sort of think of it as diversifying my investments.
I second this. Christmas is around the corner and no doubt that a lot of people would be needing money for their wants and needs this coming season so it's actually a good price to sell some of your Bitcoin (at least not all of you Bitcoin though), unless you bought at a peak.
This doesn't sound serious to me.Do you think that many crypto traders are going to sell their BTC just because they want to buy some shit for Christmass.Dude,people have credit cards for that.
Anyways,there has to be a price correction coming.I don't know when it will happen,but I'm sure it will happen.Maybe, the bull market will continue after that correction or maybe the FUD propaganda machine will be activated in January and a bearish market will follow.In both cases,I will just HODL.
November 20, 2020, 01:50:55 AM
I am a non-trader too, for now. As a personal strategy, I set a line where I am going to sell my bitcoin, I do not mind the FOMO higher price than what I have sold it because I have needs for the money that will benefit me in the long run. I sort of think of it as diversifying my investments.
I second this. Christmas is around the corner and no doubt that a lot of people would be needing money for their wants and needs this coming season so it's actually a good price to sell some of your Bitcoin (at least not all of you Bitcoin though), unless you bought at a peak.
November 20, 2020, 01:09:10 AM
if you are a day trader then these days are excellent days to trade which means selling on each peak and buying back in each correction up to at least 3 times every day. but most people aren't day traders due to the risk or crappyness of the exchanges!
but as an investor, now is the worst time you can sell because the rally is just getting started and we have not yet even reached the previous ATH for the initial panic sell to start and create any kind of opportunity to take profit and buy back more bitcoins with that profit.
comparing this current trend with 2017 bubble is wrong though because there is nothing similar between the two time-frames. if you are going to compare you have to compare it with the end of 2016 when price was inching closer to the ATH of that time meaning when price was between $850 and $1200.
but as an investor, now is the worst time you can sell because the rally is just getting started and we have not yet even reached the previous ATH for the initial panic sell to start and create any kind of opportunity to take profit and buy back more bitcoins with that profit.
comparing this current trend with 2017 bubble is wrong though because there is nothing similar between the two time-frames. if you are going to compare you have to compare it with the end of 2016 when price was inching closer to the ATH of that time meaning when price was between $850 and $1200.
November 20, 2020, 12:52:37 AM
Yeap it's pretty much whatever. I'm totally aware that bitcoin can crash back down from here and I'm completely fine with that as I look at it's potential long-term valuation. I personally just continue stacking regardless of price and I personally think people(especially the non-traders) should be doing the same.
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I've been following some trading experts from tradingview and their opinions have been conflicting. Some believe it's a gathering time for the ultimate bull run while some have an opinion that the buys and sells are balancing out so we would have a decline.
For me, I sold 100% of my bitcoin holding at an average of 17K and bought back some btc from 25% of that at 18K. Sounds stupid but I don't want to miss out incase of a bull run and would dump if I feel it's crashing.
Yea. It is good to rely on a trading experts of effective platforms. Different traders have different kind of understanding and interpretation about the bitcoin situation right now. Some might tell you to sell because the price is good while other might tell you to hold on because as the history bitcoin almost reach a bigger price last time. Bitcoin bull run todays isn't that special because for me it doesn't surpass the last time price but I definitely think that it will in the next few days. Besides in any person if they gain profit even if it is small amount, it is still profit.
I've been following some trading experts from tradingview and their opinions have been conflicting. Some believe it's a gathering time for the ultimate bull run while some have an opinion that the buys and sells are balancing out so we would have a decline.
For me, I sold 100% of my bitcoin holding at an average of 17K and bought back some btc from 25% of that at 18K. Sounds stupid but I don't want to miss out incase of a bull run and would dump if I feel it's crashing.
I'm not suggesting that all of them are bad, but I don't think it's a good idea to listen to "trading experts".For me, I sold 100% of my bitcoin holding at an average of 17K and bought back some btc from 25% of that at 18K. Sounds stupid but I don't want to miss out incase of a bull run and would dump if I feel it's crashing.
But yea, selling is not totally bad. If you're here to make money, then profit is profit.
I am a non-trader too, for now. As a personal strategy, I set a line where I am going to sell my bitcoin, I do not mind the FOMO higher price than what I have sold it because I have needs for the money that will benefit me in the long run. I sort of think of it as diversifying my investments.
There's nothing wrong with selling if you actually need to use the money. I'd actually argue that selling right now might be a great idea if you're going to use the money for personal reasons and for starting a business(regardless if you fail, the knowledge and experience is priceless). On the other hand, selling right now just so you could buy yourself unnecessary stuff is a big big NO.It is actually a good thought about the idea of selling right now. It is always depends on you on how you can reach your own maximum point that you can hold till you sell your stocks. It might be good or bad in terms of profit but you will definitely earn right now.
November 20, 2020, 12:31:31 AM
Analyse about the need, and if you're in need take the profit away. I state this on my personal experience, last time (2017-2018) when the market was around $18000 I just kept hold targetting $20k. To my expectation the price reached it, and later the immediate drop happened reaching around $18000. Mind wavered and I kept hold for $20000. It didn't happened and missed is missed, the price started to drop. So, it is good to make use of the right time than going emptied.
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