5.Take Profits and Know When to Stop

*Taking profits is the most crucial skill for earning a living through trading. Profits should never be ignored.
*Stick to your own trading system when taking profits. Divide your profits into multiple tiers, avoid the regret of missing out. Remember that money is still there, the market remains, and opportunities are abundant.
*Always appreciate yourself for knowing when to take profits.

Tip No. 5 is my favorite. Yes, making profits is the main point in trading. When you achieve an acceptable profit at a certain point that you specify, it is better to take your profits immediately and not be greedy.

Sometimes profit can turn into loss due to greed and not reaping profits in a timely manner. Many traders, when they see the market rising, do not reap their profits and wait to get more, but suddenly the market turns and they lose because they do not reap their profits in a timely manner.

There was a strange movement last week as large wallets sold Bitcoin for Ethereum. In other news, Gray Scale also sold about 11,000 Bitcoins (out of the 620,000 Bitcoins it owned) before the recent decline. The company had knowledge of the approval in advance. Therefore, they sold these quantities with the recent rise to exploit the news. This played a role in the decline in the price of Bitcoin.
https://www.coindesk.com/markets/2024/01/16/grayscale-moves-another-9k-bitcoin-to-exchange-in-preparation-for-sale/

I expect that the main reason for Bitcoin's decline is excessive optimism that Bitcoin will rise skyrocketing after the approval. I said in a previous topic that we must be careful of this optimism because the market often goes against expectations.

Yes, thank you for the important advice. The two most important pieces of advice from my experience:
First: Do not use the same password for more than one account, because having an account hacked will mean that all accounts will be hacked.

Second advice: Do not store passwords on the Internet, whether in the cloud or any other storage method, because they are vulnerable to hacking and therefore your data will be in constant danger.

Storing a password is similar to storing a seed. You should never use third parties to save it. It should be saved on paper in a safe place and not stored on a computer or the Internet.

Thanks bitmover, great job again, I used to use your wonderful tool in the Bitcoin Talk forum and added it to my favorites so I can use it when needed.

A really useful tool since Bitcoin fees are constantly changing and everyone is looking for the right opportunity to send with the cheapest fees.

How happy I am to see fees reduced again, even though they are still high compared to fees a few months ago, but it would be very good if they remained constant at this rate. I expect that this would be satisfactory for both users and miners.

Yes, they know that buying directly from the stock exchange will cause prices to rise excessively due to increased demand, so they buy outside the market to get a good price.

But as you indicated, this will not continue until the end because they will finally have to resort to exchanges to obtain the required amounts of Bitcoin. This will probably coincide with halving, which is just around the corner, so I expect that there will be a large demand during the coming months, especially with the reduction in rewards by half. This means We will get an ATH that exceeds all historical numbers for Bitcoin.

Personally, I did not expect a significant rise in the price of Bitcoin after the expected approval, and I wrote about that in more than one topic. The reason is that these companies bought Bitcoin some time ago, and therefore the impact resulting from the large demand for Bitcoin has come and gone, and indeed we did not see any increase in demand after approval.

What really surprised me was that Ethereum rose unexpectedly instead of Bitcoin. The other thing is that Bitcoin rose within hours of the spread of the false news on the X platform, while it did not rise after the official approval was published.

In fact, Mr. Wonderful pointed out several important points:
The first point is that:

says he will never buy a spot bitcoin exchange-traded fund (ETF) as he is holding bitcoin for the long term as digital gold.

I completely agree with him on this point because the ETF is not a real Bitcoin and therefore does not have real value like Bitcoin and cannot serve as a long-term store of value.

The other point

he advised, noting that the 11 spot bitcoin ETFs have fees ranging from around 0.21% to 1.5%. O’Leary opined:
If you are a purist and you’re just holding bitcoin for the long term as a digital gold, as I am, I will never buy an ETF. Why would I pay these fees? It’s completely unnecessary. They add no value to me.

Yes, it is true, why pay all these excessive fees when you can acquire real Bitcoin without all these fees, and this point may not be noticed by many investors.

The third point

Regarding the approved 11 spot bitcoin ETFs, O’Leary stressed: “Not a chance they all survive.” He advised investors to watch their assets under management (AUM). Mr. Wonderful continued:

Maybe two or three will win. I’d bet that behemoths like Fidelity and Blackrock end up on top because they have massive sales forces.

I think this is true because the competition will be very intense between these funds and strong companies that have huge financing and huge sales forces will not succeed in surviving, as mentioned.

Almost everyone familiar with TON Blockchain do you know it recently break the record of faster transactions in shortest time.
Also there native token Up and even TOT is getting recognition globally.

Yes, TON Blockchain is well-known and characterized by great speed, as you mentioned, but unfortunately it is not as popular as the rest of the famous and fast networks such as TRON, Binance, and Polygon.

As for the TOT token, I don’t think I have heard of it before. I only know about Ton. Is this the same as TonTogether?
Is there a link we can look at?