Quote from: Joy- maker on Today at 02:49:51 PM

Quote from: Zaguru12 on Today at 02:21:52 PM

Quote from: Joy- maker on May 30, 2025, 10:32:12 PM

if you are saying that taking profit in bitcoin should be base on prices that means you are missing things up, because the last time I checked people who normally take profits base on price are mostly traders not investors who are holding for long term, as an investor profits taking are most base on time(long term holding)and price, because the longer you hold the more bitcoin price increase with time and you will be in massive profits, less take a break and look into the price history of bitcoin and imagine how profitable those who bought bitcoin back then, less say in 2015 and hold onto it till this year 2025.

You’re still saying the same and I repeat that using time to actually take profit doesn’t sit well as I said except you’re going for a very long term plan which is like for a retirement benefits. For example a potential retiree might invest into bitcoin for more 10 years and take profit after that period base on bitcoin history it will be in profit but for someone like a serial investor the best option to me can be using price target.

For example you intend to see your portfolio getting 10x profit I don’t think you can actually put a time on something like this, one can say in 10 years but there can be a probability that this can not be reached before then or it can actually get hit before then, so if there is variance in time should I take or not take profit when it triggers or doesn’t triggers?

For me the best is to set a price target like for example $200k if it triggers this year take the profit if not wait till another time it gets triggered

I like your first paragraph all what you said there has some sense in it, first of all before you dive into bitcoin investment you have to set a clear goal with a realistic target, if you goal is to invest in bitcoin and save up for your retirement you don't have to be in a hurry to take profits your bitcoin holding should last at least 10 years and above, while on the other hand if your target is to take profits when bitcoin turn 10x or 20x and your holding isn't up to up 5 years, less say bitcoin made 20x in 2 years you can take profits since you have already achieved your target there is no problem with that, beside not all investors can be patient enough to hold their bitcoin investment up to 5 years talk more of even holding for 10 years or more, but all the same before you start accumulating bitcoin set a clear investment goal and do things the way it pleases you don't follow other investors who there thinkings are yours is not the same and remember there is no rule that said it's how long your bitcoin holding should last before you can take profits.

Joy- maker you are right everyone has there own target as an investor but I believe if you are holding and you can't hold for 5 years up you are a trader, you can't call yourself an investor if you are just holding for 2 or 3 years.
Some people are not patient when holding those set of people are traders, as an investor you most hold for 5 years and above.
Yes you are right that there is no rule that stated how long your bitcoin holding should last before you can take profits but there's a difference between a trader and an investor and those that holds from 4 years down are trader and those who are holding from 5 years and above are investors.