BTC hit 100K USD: have you taken your first profit in this uptrend?

[tequilla_sunset]

Bitcoin keeps giving the chances and opportunity to take profits from the market at any time, and regardless of the position of the holder he or she can only lose the position when he decides to take the profits, so it is best to keep holding on because a lot is awaiting us in the coming week's, and taking profits too quick could hinder the achievement of the greater profits awaiting us in the future.

If a person knows Bitcoin - he wouldn't hold Bitcoin for the short term.
HODLing is the best investment strategy out there.

[KryptoBull]

If a person knows Bitcoin - he wouldn't hold Bitcoin for the short term.
HODLing is the best investment strategy out there.

I am unsure if this is always accurate, as many investors still prefer to trade BTC seasonally to take advantage of the volatility that BTC brings. I have also come to understand the value of BTC to some extent, but I still don't want to hold BTC for 10 or 20 years, I want to trade BTC to make profits by DCA at the bottom and RDCA at the top.

Many investors in the market are also constantly buying and selling BTC, which creates liquidity for the market. I don't think everything would be better if everyone bought and held BTC, as the market would not be able to continue to exist.

[Celph]

I joined the crypto market in 2017 when ICOs were everywhere, touted as an alternative to traditional IPOs. Now, it sounds so silly, but at that time, I and many others actually believed in it. I lost all my ICO profits during the crypto winter. All I got was experience and an idea: BTC is the real valuable asset in this market, and BTC could reach 100K USD someday in the future. That was in 2019 when BTC had just recovered from 3K USD, and I still had the opportunity to buy BTC at around 10K USD.

In 2021, we heard about the super cycle, and super cycle meant BTC at 100K USD. However, that never happened, and the recovery of BTC at the end of 2021 was just a market trick to create more losses. I couldn't sell BTC above 60K USD. I exited the market in early 2022 when BTC was at 40K USD, and I made a pretty good profit compared to traditional business profits.

I started DCA in 2023 with the expectation of 100K for BTC USD. And now that it has happened, I am officially implementing the Reverse DCA plan: I will gradually sell BTC at different targets to ensure that I have the opportunity to sell BTC at the ATH of that season. My average DCA price is around 50K USD, so I've just made a 100% profit. I've decided to sell 20% of my BTC for USDT. The remaining 80% will be sold in the future when BTC continues to reach higher targets like 150K USD & 200K USD or when the market shows negative signals, such as falling out of the Kumo cloud or the uptrend line.

I know many investors/diamond hands will laugh at me for doing this because they believe BTC price will continue to rise after Trump takes office next year, but I have clear reasons to stick to my RDCA strategy. Taking profits helps me protect my capital, protect my personal psychology, and helps my family see real results from my investment journey. A 20% profit can help me stay in the game longer and make bigger profits from the crypto market this season and in many seasons to come. At the same time, I don't have the psychological and financial capacity to hold BTC for 10-20 years or hold-to-die. I find myself more suitable for cyclical investment strategies.

I would like to know your opinion on this:

• Have you taken any profits from crypto this season?
• What is your profit-taking plan for this season?
• What price do you think BTC can reach its ATH this season?

Note:

• My opinion has been presented in a topic, on BitcoinTalk forum.
• This topic on AltcoinsTalks forum has included a minor change in the way my opinion is presented.
• This statement is to avoid accusations of plagiarism.

Yes.
Yes i have and i believe alot of investors too have taken their profits in this uptrend.
  And at this point;i appreciate the concept of hodling in bitcoin alot:).
Although the bitcoin market was alot scary in 2024 period with investors being scaredand all that;i believe there has been alot reason to put on a smile now.Although people who have benefitted more on this are those who were patient enough to have been able to stand strong during the earlier period of 2024.
   I believe all investments require patience as well as faith and if you dont possess this;it wouldn't be quite easy for you to scale on the crypto avenue.

[vegasus]

If a person knows Bitcoin - he wouldn't hold Bitcoin for the short term.
HODLing is the best investment strategy out there.

yes, holding is a very good way for Bitcoin. it depends on each person to manage their assets to hold how long. Because each person may have their own strategy.

There are those who prefer to hold for a very long time and do not intend to sell it even though it is a bullish period. But there are also those who hold for a 4-year cycle, from the bearish and then take profits at the peak of the bullish. then use the profits as capital again to buy BTC when it is bearish, and so on this cycle.

[tequilla_sunset]

If a person knows Bitcoin - he wouldn't hold Bitcoin for the short term.
HODLing is the best investment strategy out there.

yes, holding is a very good way for Bitcoin. it depends on each person to manage their assets to hold how long. Because each person may have their own strategy.

There are those who prefer to hold for a very long time and do not intend to sell it even though it is a bullish period. But there are also those who hold for a 4-year cycle, from the bearish and then take profits at the peak of the bullish. then use the profits as capital again to buy BTC when it is bearish, and so on this cycle.

I don't see a reason to hodl BTC for less than one cycle at least or to trade it with even less time that passed - it wouldn't be sufficient and as rewarding as to what can be done. But that's just me.

[babo]

This period is fantastic
as soon as it dropped so much I put a long x5 of $200 on bitcoin and we were immediately at 101k
know that we are in a bull period and there is no need to be good here, anyone can make some money
in these phases it is very easy to do well, unfortunately the skill cannot be seen from here

in fact i am a bad trader

[rdluffy]

This period is fantastic
as soon as it dropped so much I put a long x5 of $200 on bitcoin and we were immediately at 101k
know that we are in a bull period and there is no need to be good here, anyone can make some money
in these phases it is very easy to do well, unfortunately the skill cannot be seen from here

in fact i am a bad trader

In bull runs like this, it really is much easier to make money and hit good trades, even if you're not that good hehe
I'm not a good trader either

The interesting thing is to see all the influencers bragging about having hit something, because when Bitcoin goes up, it practically pulls the whole market upwards, almost all coins will rise together

[KryptoBull]

This period is fantastic
as soon as it dropped so much I put a long x5 of $200 on bitcoin and we were immediately at 101k
know that we are in a bull period and there is no need to be good here, anyone can make some money
in these phases it is very easy to do well, unfortunately the skill cannot be seen from here

in fact i am a bad trader

Perhaps you are an experienced trader who can see and leverage opportunities in the market, or you are extremely lucky. I don't have the courage to touch leverage, it can create more stress than I can handle.

DCA and RDCA are more suitable for me because it gives me enough profit and a stable mindset. Trading is probably not my way of investing, it requires too much time and psychological struggle!

[babo]

no I'm not an experienced trader, I'm simply lucky and this period even stupid like me can make money, nothing magical
I have to say that i copy from others, it's not all my own idea
Just understand a little bit how it works and study
For example, i could not successfully trade on other currencies

[dave_strider]

no I'm not an experienced trader, I'm simply lucky and this period even stupid like me can make money, nothing magical
I have to say that i copy from others, it's not all my own idea
Just understand a little bit how it works and study
For example, i could not successfully trade on other currencies

On which did you try to do it?

[babo]

no I'm not an experienced trader, I'm simply lucky and this period even stupid like me can make money, nothing magical
I have to say that i copy from others, it's not all my own idea
Just understand a little bit how it works and study
For example, i could not successfully trade on other currencies

On which did you try to do it?

At the beginning i started on Bybit since i found the easiest interface ever for one that starts
Unfortunately, afterwards i turned to the Defi since i don't like it that the Exchange and the others do my business
In the end i am the one to say what i do at the level of experiments, i don't like that there are spines
So i also recommend the Defi and go
There are many services, you have to choose only what you like and that allows you to use the stable you like

[KryptoBull]

At the beginning i started on Bybit since i found the easiest interface ever for one that starts
Unfortunately, afterwards i turned to the Defi since i don't like it that the Exchange and the others do my business
In the end i am the one to say what i do at the level of experiments, i don't like that there are spines
So i also recommend the Defi and go
There are many services, you have to choose only what you like and that allows you to use the stable you like

CEXs are offering many attractive services to users and encouraging them to participate, experience, invest and interact a lot on their platforms. However, investors should be tỉnh táo to manage risks in the best way instead of being caught up in the cycle of "investing to continue investing more".

I prefer using CEXs because I can easily place conditional trading orders. DEXs are also supporting this feature but I have never experienced it because I am afraid of making mistakes. More experienced investors may prefer DEXs, as long as they make a profit from their own experience.

[babo]

Everyone has his own personal preference, we would miss
But in a world where everyone wants to do your business, I prefer the silent way even if slower and more expensive than the Dex with Defi
clear it's not easy, it's not for everyone
But at least the people who do my business are less

[NotATether]

It's my second profit. I also was around for the 2021 spike. 

[vegasus]

yes, holding is a very good way for Bitcoin. it depends on each person to manage their assets to hold how long. Because each person may have their own strategy.

I don't see a reason to hodl BTC for less than one cycle at least or to trade it with even less time that passed - it wouldn't be sufficient and as rewarding as to what can be done. But that's just me.

Maybe you don't, but others, maybe yes, that's why I said about people's preferences and strategies may be different. There are those who do use it for short term, because they want to get profits as often as possible, and do it again to take advantage of the up and down process in the market. and this happens very often besides in essence, traders, whether daily or not, also do it with full calculation. short term too. The point is whatever is done, with full consideration is to optimize profits for themselves, which is most appropriate for themselves.