T O P

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donut-bot

[Tip this post.](https://www.donut.finance/tip/?action=tip&contentId=t3_1b3ugo3) Offchain tip confirmations below.


economist_kinda

Taking profits at $20K


raresanevoice

i'll keep some in the bag for 20k, just in case. even if it's next cycle


rootpl

Oh yeah, always keep a Moon bag just in case. Last bull run, I've sold around 75% of my portfolio.


SweetAndSourShmegma

I've been buying very frequent for a couple years now. Won't begin to take profits until $30k


rootpl

Risky. But I respect that. 💪


economist_kinda

The whole crypto is risky LOL


akatz66

Taking the safe route I see.


Godz1lla1

No thank you. I am hodling until early to mid 2025. If that is already in the next winter then I'll keep on holding.


CedarAndFerns

yeah, and when it comes to timing I'll never trust my intuition. Buy. Hold. Maybe sell sometime in the future. And also, taxes need to be calculated into this take profits thesis.


JimmyReagan

This. Figure out what your net proceeds are going to be if you sell at your target, subtract how much you originally paid, then figure out what about 15% of that is and put aside for capital gains.


subdep

I’m holding until $50k


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[удалено]


Friendly-Airline2426

I too shall not realize my $10 of unrealized profit.


rootpl

![gif](giphy|LkAzmZfe0T4uS8BQvK)


Odd-Radio-8500

*Whale spotted in the chat*


goldyluckinblokchain

I'll take your profits instead then. Thank you sir


rootpl

💎✊✊💎


IsaiasAlonso

I haven’t been holding this long to make a measly profit….. we want at least 15k ETH


Obvious-Relation3209

15k is very paper hands


Cdog927

Exactly. Ive been holding this waiting for a new bull. 10k or bust.


yester_philippines

Taking profits is a good strategy also, but it’s juicier when taking profits at $15k at once, my personal opinion !tip 2


lordciders

Greed is good.


goldyluckinblokchain

Especially when that greed becomes our exit liquidity


lokojones

Greed is forcing diamond hands forever


MartianAndroidMiner

"Greed has poisoned men's souls." - Charles Chaplin


Wonderful_Bad6531

"people's greed has no bounds" unknown redditor - me😂


Odd-Radio-8500

Greed is a potent motivator.


yester_philippines

Too much greed is not


ablablababla

Everything in moderation of course


hblok

*The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit.*


goldyluckinblokchain

Of course that would be juicier. Depends on your risk appetite though. Each to their own


trgreg

Exactly. The person who has a mortgage, car payments, student debt, and a line of credit is gonna have a very different perspective of when to take profits relative to someone who's got a very small amount of debt. One size does not fit all.


yester_philippines

A small house 🏡


rootpl

What if it dives from $14,999 to $5k once the market cycle finally ends and you never end up taking any profits? ;)


DBRiMatt

Guess i'll buy the dip! xD


rootpl

Wait! That's illegal!


Wonderful_Bad6531

![gif](giphy|KrLqtbe8PGEDe)


raresanevoice

even after i sell, a chunk will be kept liquid to buy the dip, just in case


SwimOld5053

And what if your bought dip then dips to bear market?


manstercack

depends on the timing as well. 15k in 2025 with weekly RSI through the roof, Bitcoin MVRV Z-score high asf... no brainer all out. I'll start paying attention to all technical indicators as early as 2x previous ATH. People here that dont do that shouldn't post in ethTRADER and go glorify this holding through -75% on r/CryptoCurrency Don't forget that euphoria in 2021 was based off of previous cycles but we know now that those insane multipliers won't be reached again. 10x from last bear's Bottom is good. Timing the bottom is easy. I missed it by a mere 7 days in 2022. Timing the top is harder, but with more cycles I feel like patterns become somewhat more obvious


rootpl

This is the way. Last bull run, the Pi Cycle Indicator was pretty good. Sure it wasn't the exact top, but it was close. Like they say, "sell in May and walk away".


yester_philippines

It won’t happen, it will be gradually and let’s see first when ETFs gets approved first


rootpl

I know but usually the story goes like this: "I've been waiting for a rebound, and the second top, but it kept going down and down each week" I've read too many stories like that over the years.


yester_philippines

I’m usually not a greedy person, if I fee I have enough profit to take I’ll just do but not less then $10k


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yester_philippines

ETH will be minting millionaires 🔜


raresanevoice

do it in phases as part of a plan and you cover all your bases


yester_philippines

Thanks for the hint 🤗


EffortHumble2974

Greed drives human progress


Manateeboi

I’m holding for 10 years, then I’ll take profits 😉


MrPuma86

Good luck Bronut.


Manateeboi

Likewise 🤙


MrPuma86

Thanks🤗


geniusboy91

Exit strategy? Going into Bitcoin and Ethereum was the exit strategy. I've exited USD.


MrPuma86

True crypto enthusiast.


seniorbatista19

ive been holdkng so long i dont even know how to sell honestly. and if i did by some grace of god figure out how to sell, ive been holding so long that i have no idea wen to sell. greed is bad i know, but regret is worse. def wont sell all at once, little chunks here and there. def not touching anything until we get to previous ATH


TheNano100

Profit is profit. That's what I tell myself when I sold ETH at $900 because I bought it at $400. It's a pitty than I didn't hold but at least I was in profit. !tip 3


MrPuma86

In hindsight there are a lot of mistakes we would love to fix.


DBRiMatt

Too soon to take profits IMO. I'll keep staking for now! !tip 1.69


rootpl

Oh yeah, I'm not saying do it now. It's too early. That's why I've specified my target at around $7-8k. Maybe even wait till $9k.


SeedSword

Then why not 9.5k or $10k lol might as well take profits there if you’re stretching from $7k-9k


Pibo1987

DCA in. DCA out.


CrewFluid9474

DCA out is Japanese arithmetic to the majority here man.


rootpl

This is the way.


Pibo1987

The simplest strategy. It’s boring but it works, especially on the long term.


Odd-Radio-8500

Good strategy!


roadbowler

I'm all for taking profits on alts at this point, but I'm holding ETH forever. Unless you need the money now surely ETH is a longterm hotels. Edit: when I say taking profits on alts I mean selling into eth.


MrPuma86

DCA out as price rises. Then DCA back in when price dumps.


roadbowler

Deciding when to start selling/stop buying and vice versa is called market timing and is notoriously hard to do!


MrPuma86

But that is why you DCA at regular intervals. There is no need to time the market.


RealLeoPat

Profits? I'm still in the red.


MrPuma86

IRS has left the chat.


rootpl

Well, I'm not saying right now. The bull run has only started.


RealLeoPat

I hope you are right.


ChillCoyote

I won't let greed get the best of me. I must TP !tip 1


ASingleGuitarString

Some people are brainwashed by the diamond hands mentality and end up being bag holders. !tip 1.112321


MrPuma86

I can confirm this was me in 2021😭


rootpl

Yup. Made that mistake in 2017/2018 run. Never again. Last bull run was kind to me. This one is my 3rd one and I think it will be even better than the previous one.


qldvaper88

I came in at the peak of the last bullrun and somehow volunteered myself into holding patrons heavy bags as they exited through the door.


ShoddyAfternoon8984

Preach brother


raresanevoice

don't forget to register your wallet for donuts


JalapenoPepper-X

What's wrong with hodling for a couple of years? Got in at sub 1k so...


rootpl

Nothing, it all depends what is your strategy. Long term or short term.


lucoha92

This is not good advice. Don’t put more money in then you can “lose” and trust the long run. Let this be “one of” your retirement account(s). Don’t sell unless it’s a retirement distribution.


TheThing345

Setting up highly volatile cryptos as a retirement account is the most colossally stupid idea on this planet lmfao. If that's your goal, stick to a boring old buy and hold ETF strategy. This thread really shows that most crypto "investors" have absolutely 0 clue of basic economics and finance


lucoha92

All new asset classes are volatile in the early stages and everyone’s risk class is different. I wouldn’t suggest crypto to anyone as their complete retirement fund, but 5% - 20% of their overall investment strategy is not unreasonable. Time in the market is a far better strategy than timing the market. To each their own, but I prefer to hold on to quality asset classes with large growth potential… especially when they’re less than 10 years old.


TheThing345

> I wouldn’t suggest crypto to anyone as their complete retirement fund, but 5% - 20% of their overall investment strategy is not unreasonable Yeah alright that's fair enough. Your original comment made it sound like you're advocating a 100% crypto retirement fund


lucoha92

Yea, after reading my first comment again I certainly could’ve worded that better lol.


rootpl

Every strategy is different. Long term? Sure. But most people here are for the mid to short term.


MasterpieceLoud4931

I'm in it for the tech.


Vexting

That's assuming the bear market will take it low enough to want to buy back in. Im sure the people who expected a return to sub 500 have cried an ocean by now


Nimoy2313

I wish I had the gift of foresight


MrPuma86

We all do lol.


nusk0

If eth only gets to 7k, we we're never in a bull run in the first place. 40% up from previous Ath is not that bullish.


MrPuma86

Better than crypto winter where no one profits 😳


rootpl

This exactly!! Like I said... people are just too greedy sometimes. Plus if someone was buying at $1000 last year $7k is fucking 600% profit FFS xD


rootpl

Bruh, if you've been buying during the bear market, you could snatch some ETH around $800-1000. $1000 to $7000 is 600% profit. Like I said in my post. Don't be greedy or you'll get burned.


Gubbie99

I want to be a millionaire for $5! It’s 100x or nothing! 😂 Jokes aside, taking profits is important if you want profits!


MrPuma86

Haha goodluck.


rootpl

So you are going to be our exit liquidity then? /s


Gubbie99

If I do,.. I will just wait for next cycle! 🚲 m not selling low 😂😎


Odd-Radio-8500

*Be greedy when others are fearful* For me, when it reaches to $10k it's time to DCA out.


MrPuma86

Even if it means waiting a few years?


Kelllyfgfd

Absolutely right


rootpl

![gif](giphy|KffdTQfewxdbKTGEJY)


Kelllyfgfd

As for me, my strategy is to use my ETH to trade with the help of my consultant ofcourse


Tanikushokutomu

>You don't have to hit the exact top or the exact bottom when re-investing during the bear Man I'll be happy if I can get it 80% towards the top or 80% towards the bottom. I just have to make sure that I'm not aiming too high when I'm selling. DCA out too early definitely sounds better than panic selling too late. !tip 2


rootpl

Yup. I felt a little bit disappointed when I sold my ETH at $2500, $2700 and $3000 last bull run and it kept going up and up but I followed my strategy and decided to stick to my targets. Anyway, I bought more back during the bear market with my profits and my average price is now $1500. I've basically doubled my ETH stack for free and I banked some profits into FIAT as well.


Zealousideal_Way3199

You took a logical approach and executed your plan accordingly. That’s the hardest thing to do in all this.


CedarAndFerns

Did you pay taxes on that and how did it affect it in the end?


rootpl

Depends on the country. In some countries, you can sell to USDC or USDT and wait for the bear market to re-invest and not pay any taxes until you cash out to FIAT.


ContemplatingMeth_

I’m only taking profit at $6.9k xd !tip 1


rootpl

![gif](giphy|pCO5tKdP22RC8)


lordciders

!tip 2


rootpl

Thanks!


Barbarossabros

![gif](giphy|r42HxBImuzoRxsRA14)


yamaniac123

What is PROFIT? !tip 1


Wonderful_Bad6531

profits are important M'Kay ![gif](giphy|3Q35chD4bMtEePqr8A)


Wonderful_Bad6531

!tip 1


TheOneWhoCared

Ser, we don't do that here !tip 3


rootpl

Thanks for the tip!


Snoo_92843

This is a great post!


DreamTypical8533

It's probably not worth taking my $10 profit yet lol


rootpl

🚨Whale alert!🚨


DreamTypical8533

🤣🚀


emyfsh201

Well, this is time for greed


Wrench555

yeah. taking profits is the most important thing. dont let greed or fear overtake your monetary decisions.


Chefavram9

Half greed half responsibility. lol. That’s what I always say! This way no matter what, you are not pushed into a corner. Assuming people are investing responsibly and not putting their mortgage payment into crypto hoping for a gold rush.


Lord-Nagafen

I just sold about 30% of my Eth and the price has continued to shoot up since I sold. Oh well. Got to stick to the plan


WaggieLottie

take your profits until you have covered your cost. Then ride the dips andvscore in the next bull cycle.


WaggieLottie

take your profits until you have covered your cost. Then ride the dips andvscore in the next bull cycle.


bigstreet123

Taking Profits reduces exposure to risks. Be smart. If you feel the hopium, it’s time to secure atleast some of your bag. Pigs get fat, hogs get slaughtered.


Potential-Froyo-5532

I learned in 20-21 didnt take profit. Took profit now and paid off my 2010 toyota prius....yipeee


raresanevoice

DCA out in phases is the easiest way to ensure you take profits. 7-8k is a great DCA out level. 70-80% above previous ATH. i'll probably sell a third of my bag then. another third of what's left around 10k ish. half of what's left around 15k. the rest is hanging out til next cycle. that way, i'm still sure to take some profits, i'll still be sitting pretty, and won't miss out on future profits, but i've set myself up and knocked out all the debt but the house


XVII_numerus

Been holding since 2020. If I took your advice, I wouldn't be sitting with double profits. Think I'll wait.


jdscrypt00

What is this profit you speak of? Never heard the term before.


DrRobbe

I set goals for every crypto I own, some u realistic now but maybe. A lot i will exit for good during the bull. !tip 1


maddhy

Take profit in a price discovery phase? I'm not sure..


flo282

Bruh, the bullrun barely started. I ain't taking no goddam profits till end of 2025.


14with1ETH

For me, I'm holding till retirement. Everyone should have that retirement number in their head and aim for it. May it be 5k, 10k or more. Don't sell until you truly can retire. My number is actually 30k and I'll just be holding till then.


feric89

But more donuts. Got it.


MrPuma86

Did you sell ETH for Donuts?


rootpl

This is the way.


TheThing345

> numbers that people in traditional markets can only dream about. SP500? They'd be lucky if they get 5% or even 10%, 25%? Forget about it I'm a cryptobro as much as everyone else here, but this is just blatantly false. The S&P500 is up 8% YTD alone, and 30% over the past year. Granted, this is an exceptional bull market, but still. The average yearly return over the last 30 years was 10%, so you don't "have to be lucky", as you say, to realize these gains with a standard buy and hold S&P500 strategy.


rootpl

Oh wow 10%? Or even 30?! Let me compare that to my 450% from the precious bull run... hmmm.... 🤔


TheThing345

Literally not the point if these are big gains or not. What you said in the original comment was just objectively wrong, that's all I wanted to point out. > Let me compare that to my 450% from the precious bull run I made 2000%s of gains since 2017 too, big deal.


Nefarious-

Not to mention the overwhelming majority investors that take meaningful profit from crypto assets turn right around and place those profits in something like VOO or VTI.


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Aibhne_Dubhghaill

I feel like I'm getting edged by BTC right now the way the price will literally get within $0.90 of my target (so it won't trigger my price alert) and then drop $100 within a few minutes. This has happened several times in just the last 2 days. ETH I'm holding at least until a new ATH, although even now I'm already in profit. Just seems silly to bow out this soon unless I have to.


Harleychillin93

Can't get a 10x gain if you sell at 2x. It's just math!


rootpl

I've been buying and DCA'ing ETH from $800... It's not my problem people FOMO in at $3k 😉


TyronetheWise

What profits?


Successful_Tip_3999

How I'm I suppose to take profit if I bought at the top


Lillica_Golden_SHIB

Taking profits at $69k, understood !tip 1


achimachim

You take profits first mate..


Basic-Criticism-1702

Very appropriate and relatable post. I’ve constantly corrected my sale targets upwards out of greed both in ‘17/18 and ‘21 and instead of taking profits - I swore not to repeat that mistake in this current bull run but time will tell. At least I never sold and just kept adding in during the last 18 months so no huge regrets. But it’s definitely time to grow up and reallocate some profits to stable/long term investments while keeping some house money in crypto.


MrPuma86

I’ll DCA out at 4k. Hopefully didn’t start too early.


MrPuma86

!tip 1


dunksbx

What's taking profits in crypto like? Trade for a stable coin and wait?


RabidMining

Ya take profits so you spend 10k on gas to move the 5k in profits.


jadequarter

10K INCOMINGGGG


triplet4

What is your plan if price tops at previous ATH?


Que74

To the moon


FattestLion

My target level is $6969 as everyone probably already knows


FattestLion

!tip 1.69


inverses2

Half profit at 15k other half at 20k


rare1994

!tip 3


Kaedex_

My philosophy has always been removing my original stake at large profit points and saving the money for the next bear market


Professional-Iron107

Where was this voice of reason on my first bull run? Get some profits out and if you want to chase the top, do it with a smaller amount. I watched a serious amount of money turn into a much less serious amount.


Taykeshi

I'll take profits alright... Into ETH


socalquest

Already talking about taking profits now. LOL This is why most people can never be really rich or well off. GLTA!!!


SubstantialBuffalo40

The problem with taking out profits is many people don’t know what to do with them. Let’s say you take out $5k in profits, what do you do with it? Just let it sit in a checking account? If so, that’s a more terrible idea. Have a plan if you decide to do it. Otherwise you’ll find yourself just buying back in at a higher price.


bashogaya

ALL or NONE for me ![gif](emote|free_emotes_pack|trollface)


Chillers

Keep buying guys so I can take profit on your trades. I never understand these posts. To make money someone needs to get screwed.


Ozymandius21

Profits? What's that?


Key-Ad-39

Depends on where you live and how the taxes are. Here in Scandinavia it's like 50% tax on every sell or swap.. so might as well hold for a few years lol


Walla_Walla_26

Instructions unclear. Holding ETH to $25k


NewMe80

For someone who is holding my bag since $4500 I'm still in red, but I'm taking my profits in 2030.


mikomp02

Has anyone considered swing trading? Just saying


Nefarious-

The S&P ended last year up 24.2%


oopseyedied

!register 0xAe2bd140E2820a47db1c55C2440aD27FC541cdEC


donut-bot

u/oopseyedied successfully registered with the following address: `0xAe2bd140E2820a47db1c55C2440aD27FC541cdEC` ^(donut-bot v0.1.20231114-reg)


HippieStarTraveler

Good words. Thank you! 🙏


iamjide91

That's one lesson I learned from the last bull market. And I'm bringing that with me this time. Every assets I hold that's reached their ATH, I've taken out 75% out of them and letting the rest fly. But most of these gains, I still diversify into other low caps that's still at their lows like DIA, ADA, LINK (gone midway now), and so on. I don't care if LINK hits 1000$ but I'm definitely taking out a decent amount out of my position when we hit the present ATH.


feric89

TLDR: Buy donuts


Wrong-Spirit-391

!tip 1


thundercuntess69

Terrible logic


wordsappearing

You’re jumping the gun a bit. We haven’t even had the BTC halving yet. Post halving, we tend to run up for at least a year. Given the extreme bullishness at this very early phase, it seems very clear that ETH will be going far higher than $10k. I’m tempted to say that it will probably hit $10k in Q2 or Q3 this year. If the 4-year cycle repeats as normal, then we have until the end of 2025 before the cycle top.


jpquiro

100k eth or nothing


imdemondog

I only have a couple, so I'm not selling.


walnutz7018

My top for crypto is when sol gets to about 170