Every time we get into a dip/crash/downturn, whatever; I say to myself “I’m going to pull profits the next time I see any.” And then the slightest bit of green happens, and my whole sentiment changes to “I’m never fucking leaving!”.
It takes more discipline to sell than to buy. Give me two beers and a shot; I’m buying everything like I’m Warren fucking Buffet. But when it comes to selling, I am totally inept and whatever conviction I had during the bear goes straight out the window.
Maybe this is my future self telling me to hold, or perhaps this is greed. Whatever the case, I’m full of shit.
Buy high, forget to sell.
This recent green trend hasn’t been enough to get me some profits haha next ATH run I will take profits.
It’s the high of seeing profits. I swear it makes you addicted to see bigger green numbers instead of selling.
Come up with a plan rather than trying to time the market.
Ie – what price are you willing to sell a coin for… maybe coin X you paid 1.00 for had potential to go to 3.50. So the plan is to sell off when it hits 3.50.
In my head I look back at the last few bull runs and think similar but it’s all in hindsight.
I don’t have any crypto that I bought with the intention of selling at the first pump. I watch the money go up. I watch it go down. My real endgame is unknown even to myself. But I know for sure now is the time to hold. As least what I’ve got now anyways. If I was made of money I could see myself having some crypto that I’m ready to part with at the first sign of profit. Then buy a dip and do it again…. Plus all my shit is staked it will take at least 21 days to even be able to sell anything if I wanted to.
most honest post of 2022
if its bitcoin or eth, dont sell that shit. anything else, take 50% when you reach your target price.
I’m holding since 2017. But my portfolio reached ATH in January 22
Need more fiber…
Make a goal when to sell and how much percentage!
For example when btc reaches 100k I will sell 15%, next time when it hits 150k another 15% and so on
I’m rubbish at charts… Tried that in 2017. Try setting a timeframe. I’m looking 10years.
Take some profits at a set price. It feels amazing to realize the actual profit. If you don’t want to pull right out, drop the profit in a stablecoin for the next crash.
# 💩?🤔🗓️💎🙌🚀🌝
Everyone always regrets to sell only after price has peaked lol.
Just set a goal and stick with it and once that has been met then press that Sell button.
I guess most people fear of selling and prices start rocketing higher and get all in their head how they should’ve held and would’ve gotten more but nobody knows how to time the market perfectly so yea lol
Lengthen your time horizon
You just described 99.9% of this subreddit
take profits and do what put it back into fiat? It just doesnt make sense to me
We all are.
Agreed and Awarded. 😅🙏
You should just hold until your crypto is worthless. That way you won’t feel regret when you don’t sell.
Same, my ZIL bag went up 100% i still didn’t sell the bitch. Not even a little.
Do what I do bud, use trading bots. I use bitsgap (tried 3 commas but like this one more). I have the same issue, buying the dip, pulling profits etc (it always will go lower or higher lol).
I’ve been doing that for quite awhile and it removes alot of the care/pressure for upward movement…. the bots just generate profit in usd/usdt/usdc/busd etc.
Just my 2 cents.
First step is not buying when it’s all green and FOMO is all time high. Then eventually you start to sell when it’s green.
I took my first profits in a year after todays run up – got a little out at 48k going to wait to end of week to reinvest if low enough if not- well sit on it.
Patience is key
just stop looking at the price every day if u suck at trading… invest and look back in a year or something
except low cap coins ofc..
So don’t sell. As long as you’ve DYOR and are comfortable with your investments long term, there’s no reason to sell. Or, come up with a rule and stick to it. Like you’ll pull your initial investment out. Or you’ll sell a certain percentage.
And of course like you, I am also full of shit. Bc I give this sage advice and do the same exact thing you do lol.
Dame here. My brain always somehow forgets where the sell button is
Guess what, you do that long enough, and you end up making big money.
People give up far too soon. Go look at how old my account is.
It’s hard because there’s that lingering fomo. As an example – I bought a few Waves in 2017 for about $4. Finally committed to selling half when it hit $31 a few days ago. Now I see $40 and I have to remind myself it was still a good sell. Letting go is hard
Every 3 months is a new financial quarter.
Hint, hint.
Ya I lost 130 bucks today cause I didn’t sell at the right time. I always have a plan until I see green, man I sware I get so blind.
Buy the dip even when you have no chips!
It’s best to come up with a selling plan and stick to it. I have selling points where I will sell a portion of my holdings. But I would never sell my entire bag of anything
Set ya rules and follow them. Forget the emotion behind it
Haha I’m having so much fun with it though. I don’t even want to sell. Time will tell if that’s smart or not.
It’s not just you. It’s our own human psychology we’re up against. Profits make us feel good, to sell is to end the thing that is giving pleasure. It’s literally against our instincts to make the wise choice in this regard.
Maybe giving yourself a defined target could help.
“I’m buying this and whenever it reaches +20% I’ll sell”.
Just set a target and stick to it. In the future you’ll be content that you sold half your ETH at $5k and made a profit, you won’t feel bad because you were always going to sell at that point. If it drops back to $3k you can buy back in
I sold about 12% after holding for quite awhile. It hurt but remembered “take profit when you can”. Still have most of my crypto and it went downward soon after i took some profit.
HODL
Its has important to know when to take profits…as when to Hold down…
Its hard to let go sometimes
Remember to also never marry your investments.
At the end of the day we are all invested in Crypto to eventually SELL for fiat to purchase material goods after all!
We all are…
Same bro. Same.
Knowing when to sell is much more difficult than knowing when to buy. Everyone talks about taking profits but like you said, a little bit of green and it becomes much easier said than done.
I end up holding every time a crash happens. There are no longer any profits for me.
This is why I stick to buying high and selling low, never encounter issues like that anymore
This post indicates a bull market 📈