Should We Take Profits Now?

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atlas07Member
Posts: 27 · Reputation: 45
#1Jul 29, 2023, 12:42 AM
So we hit a new ATH. Anyone else feeling tempted to cash out a bit? Treat the fam or maybe pay off some bills? But honestly, I doubt this is the last high for Bitcoin this year. Patience is key for those willing to wait it out.
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0xDiamondMember
Posts: 24 · Reputation: 106
#2Jul 29, 2023, 01:17 AM
Seriously, if you’re still debating selling now, what are you doing? Bitcoin bottomed ages ago at 15k. If you’re up now, just take some profits. It’s always the hardest to sell when it feels like the top isn’t here yet. Trust me, better to exit with a little profit than nothing.
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Posts: 14 · Reputation: 25
#3Jul 29, 2023, 03:10 AM
It really depends on your goals with Bitcoin. If you think your gains are good enough, then go ahead and sell. No shame in securing profits. Better than stressing over missed opportunities when the market dips.
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diamondhandsHero Member
Posts: 98 · Reputation: 2112
#4Jul 31, 2023, 04:48 AM
This news is dope, but links to back it up? Here's one I found: https://blockchainreporter.net/bitcoin-hits-new-ath-at-125559-amid-bullish-momentum/ But yeah, if you can ignore the urge to sell, you’ll be better off. If short term is your game, maybe take profits and keep some capital.
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SwiftNovaNewbie
Posts: 28 · Reputation: 14
#5Jul 31, 2023, 06:45 AM
Price always bounces around, just do what feels right for you. Got profits? Take them if you want. But if you’re okay holding, that’s cool too. Just keep in mind, if you need cash soon, it might be better to sell now than risk a loss later.
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k3v1n_shardSenior Member
Posts: 5 · Reputation: 820
#6Aug 2, 2023, 01:02 AM
I feel you! New ATH really makes you wanna cash in for something nice. But waiting usually pays off... sometimes the biggest gains come to those who hold out for a while longer. With no old resistance levels, Bitcoin could keep rising!
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Posts: 19 · Reputation: 43
#7Aug 2, 2023, 04:52 AM
I did sell some. Sold at 115k, then 105k, then 125k. But I’m still holding the bulk for the long haul. People say this bull run's over, but I’m more about sticking to historical patterns.
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Posts: 23 · Reputation: 4
#8Aug 2, 2023, 05:48 AM
Totally understand the urge to take profits. No shame in it, really. It can be smart to at least secure your initial investment plus some profit. Hold the rest for the long-term.
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node07Senior Member
Posts: 11 · Reputation: 1808
#9Aug 2, 2023, 08:01 AM
After a rough patch, it’s nice to see Bitcoin climbing again! But I’m not selling. I’ve been DCA'ing and I believe Bitcoin can hit new highs, so I’m holding.
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0xHawkMember
Posts: 73 · Reputation: 132
#10Aug 3, 2023, 06:49 PM
Yeah, we just reached a tiny new ATH, but honestly, it feels like just the start. This rise isn’t driven by big players, it's regular folks jumping in. It's a wild ride.
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bridg307Member
Posts: 13 · Reputation: 172
#11Aug 6, 2023, 03:07 AM
Patience is everything. If you need cash for something important, then maybe sell. But don’t just trade Bitcoin for fiat, it’s not a great move!
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Posts: 37 · Reputation: 29
#12Aug 6, 2023, 05:48 AM
No plans to sell yet. The trend shows after hitting a new ATH, prices usually settle a bit. I expect Bitcoin might hit 130k soon, and if it tops 150k, I might think about selling a part.
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gmfrensMember
Posts: 77 · Reputation: 42
#13Aug 6, 2023, 09:38 AM
I’m all about long-term holding. I keep short-term funds for trading but my long-term stash is off-limits. It’s about being financially free later in life.
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Posts: 95 · Reputation: 20
#14Aug 7, 2023, 09:18 PM
The small investors are chill right now, but big players could sway the market. Those who bought in 2020 might sell now, but it feels like large companies are running the show.
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Posts: 73 · Reputation: 80
#15Aug 9, 2023, 10:19 AM
I’m hoping for prices to climb to 150k or 200k before a bear market hits. Holding profits now to reinvest later feels like a smart move to me.
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5igm4777Member
Posts: 56 · Reputation: 131
#16Aug 11, 2023, 08:38 AM
Absolutely, time spent with family is priceless! Don’t let all this Bitcoin stuff stop you from enjoying life. Set aside some funds for fun.
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atlas100Senior Member
Posts: 92 · Reputation: 1540
#17Aug 11, 2023, 09:42 AM
Nothing wrong with cashing in on profits if that’s your goal. A partial sell doesn’t mean you’re quitting on Bitcoin, it’s just smart investing.
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Posts: 81 · Reputation: 229
#18Aug 11, 2023, 03:49 PM
Every time we reach a new ATH, threads like this pop up. It’s clear Bitcoin is unpredictable. Stick to your gut and don’t let fear or FOMO mess with your plans.
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ryan23Hero Member
Posts: 20 · Reputation: 2020
#19Aug 11, 2023, 04:00 PM
It’s cool to hear folks plan for potential profits. I’m focused on what Bitcoin might do next. But yeah, if you have extra cash, treating yourself or family is also valid.
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wildaltNewbie
Posts: 78 · Reputation: 19
#20Aug 11, 2023, 08:24 PM
Taking profits isn’t a bad strategy when you’re unsure about future peaks. I sold some at around 120k and felt good about it. Making money beats loss any day.
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