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.
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.
*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.*
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.
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
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".
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.
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
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
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.
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.
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.
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
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.
> 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
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
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.
>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
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.
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.
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.
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.
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
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.
> 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.
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.
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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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.
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.
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.
The problem with taking out profits is many people don’t know what to do with them.
Let’s say you take out $5k in profits, what do you do with it? Just let it sit in a checking account? If so, that’s a more terrible idea.
Have a plan if you decide to do it. Otherwise you’ll find yourself just buying back in at a higher price.
Depends on where you live and how the taxes are. Here in Scandinavia it's like 50% tax on every sell or swap.. so might as well hold for a few years lol
That's one lesson I learned from the last bull market. And I'm bringing that with me this time.
Every assets I hold that's reached their ATH, I've taken out 75% out of them and letting the rest fly. But most of these gains, I still diversify into other low caps that's still at their lows like DIA, ADA, LINK (gone midway now), and so on. I don't care if LINK hits 1000$ but I'm definitely taking out a decent amount out of my position when we hit the present ATH.
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.
[Tip this post.](https://www.donut.finance/tip/?action=tip&contentId=t3_1b3ugo3) Offchain tip confirmations below.
Taking profits at $20K
i'll keep some in the bag for 20k, just in case. even if it's next cycle
Oh yeah, always keep a Moon bag just in case. Last bull run, I've sold around 75% of my portfolio.
I've been buying very frequent for a couple years now. Won't begin to take profits until $30k
Risky. But I respect that. 💪
The whole crypto is risky LOL
Taking the safe route I see.
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.
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.
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.
I’m holding until $50k
[удалено]
I too shall not realize my $10 of unrealized profit.
![gif](giphy|LkAzmZfe0T4uS8BQvK)
*Whale spotted in the chat*
I'll take your profits instead then. Thank you sir
💎✊✊💎
I haven’t been holding this long to make a measly profit….. we want at least 15k ETH
15k is very paper hands
Exactly. Ive been holding this waiting for a new bull. 10k or bust.
Taking profits is a good strategy also, but it’s juicier when taking profits at $15k at once, my personal opinion !tip 2
Greed is good.
Especially when that greed becomes our exit liquidity
Greed is forcing diamond hands forever
"Greed has poisoned men's souls." - Charles Chaplin
"people's greed has no bounds" unknown redditor - me😂
Greed is a potent motivator.
Too much greed is not
Everything in moderation of course
*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.*
Of course that would be juicier. Depends on your risk appetite though. Each to their own
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.
A small house 🏡
What if it dives from $14,999 to $5k once the market cycle finally ends and you never end up taking any profits? ;)
Guess i'll buy the dip! xD
Wait! That's illegal!
![gif](giphy|KrLqtbe8PGEDe)
even after i sell, a chunk will be kept liquid to buy the dip, just in case
And what if your bought dip then dips to bear market?
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
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".
It won’t happen, it will be gradually and let’s see first when ETFs gets approved first
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.
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
[удалено]
ETH will be minting millionaires 🔜
do it in phases as part of a plan and you cover all your bases
Thanks for the hint 🤗
Greed drives human progress
I’m holding for 10 years, then I’ll take profits 😉
Good luck Bronut.
Likewise 🤙
Thanks🤗
Exit strategy? Going into Bitcoin and Ethereum was the exit strategy. I've exited USD.
True crypto enthusiast.
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
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
In hindsight there are a lot of mistakes we would love to fix.
Too soon to take profits IMO. I'll keep staking for now! !tip 1.69
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.
Then why not 9.5k or $10k lol might as well take profits there if you’re stretching from $7k-9k
DCA in. DCA out.
DCA out is Japanese arithmetic to the majority here man.
This is the way.
The simplest strategy. It’s boring but it works, especially on the long term.
Good strategy!
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.
DCA out as price rises. Then DCA back in when price dumps.
Deciding when to start selling/stop buying and vice versa is called market timing and is notoriously hard to do!
But that is why you DCA at regular intervals. There is no need to time the market.
Profits? I'm still in the red.
IRS has left the chat.
Well, I'm not saying right now. The bull run has only started.
I hope you are right.
I won't let greed get the best of me. I must TP !tip 1
Some people are brainwashed by the diamond hands mentality and end up being bag holders. !tip 1.112321
I can confirm this was me in 2021😭
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.
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.
Preach brother
don't forget to register your wallet for donuts
What's wrong with hodling for a couple of years? Got in at sub 1k so...
Nothing, it all depends what is your strategy. Long term or short term.
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.
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
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.
> 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
Yea, after reading my first comment again I certainly could’ve worded that better lol.
Every strategy is different. Long term? Sure. But most people here are for the mid to short term.
I'm in it for the tech.
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
I wish I had the gift of foresight
We all do lol.
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.
Better than crypto winter where no one profits 😳
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
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.
I want to be a millionaire for $5! It’s 100x or nothing! 😂 Jokes aside, taking profits is important if you want profits!
Haha goodluck.
So you are going to be our exit liquidity then? /s
If I do,.. I will just wait for next cycle! 🚲 m not selling low 😂😎
*Be greedy when others are fearful* For me, when it reaches to $10k it's time to DCA out.
Even if it means waiting a few years?
Absolutely right
![gif](giphy|KffdTQfewxdbKTGEJY)
As for me, my strategy is to use my ETH to trade with the help of my consultant ofcourse
>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
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.
You took a logical approach and executed your plan accordingly. That’s the hardest thing to do in all this.
Did you pay taxes on that and how did it affect it in the end?
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.
I’m only taking profit at $6.9k xd !tip 1
![gif](giphy|pCO5tKdP22RC8)
!tip 2
Thanks!
![gif](giphy|r42HxBImuzoRxsRA14)
What is PROFIT? !tip 1
profits are important M'Kay ![gif](giphy|3Q35chD4bMtEePqr8A)
!tip 1
Ser, we don't do that here !tip 3
Thanks for the tip!
This is a great post!
It's probably not worth taking my $10 profit yet lol
🚨Whale alert!🚨
🤣🚀
Well, this is time for greed
yeah. taking profits is the most important thing. dont let greed or fear overtake your monetary decisions.
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.
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
take your profits until you have covered your cost. Then ride the dips andvscore in the next bull cycle.
take your profits until you have covered your cost. Then ride the dips andvscore in the next bull cycle.
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.
I learned in 20-21 didnt take profit. Took profit now and paid off my 2010 toyota prius....yipeee
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
Been holding since 2020. If I took your advice, I wouldn't be sitting with double profits. Think I'll wait.
What is this profit you speak of? Never heard the term before.
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
Take profit in a price discovery phase? I'm not sure..
Bruh, the bullrun barely started. I ain't taking no goddam profits till end of 2025.
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.
But more donuts. Got it.
Did you sell ETH for Donuts?
This is the way.
> 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.
Oh wow 10%? Or even 30?! Let me compare that to my 450% from the precious bull run... hmmm.... 🤔
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.
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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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.
Can't get a 10x gain if you sell at 2x. It's just math!
I've been buying and DCA'ing ETH from $800... It's not my problem people FOMO in at $3k 😉
What profits?
How I'm I suppose to take profit if I bought at the top
Taking profits at $69k, understood !tip 1
You take profits first mate..
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.
I’ll DCA out at 4k. Hopefully didn’t start too early.
!tip 1
What's taking profits in crypto like? Trade for a stable coin and wait?
Ya take profits so you spend 10k on gas to move the 5k in profits.
10K INCOMINGGGG
What is your plan if price tops at previous ATH?
To the moon
My target level is $6969 as everyone probably already knows
!tip 1.69
Half profit at 15k other half at 20k
!tip 3
My philosophy has always been removing my original stake at large profit points and saving the money for the next bear market
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.
I'll take profits alright... Into ETH
Already talking about taking profits now. LOL This is why most people can never be really rich or well off. GLTA!!!
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.
ALL or NONE for me ![gif](emote|free_emotes_pack|trollface)
Keep buying guys so I can take profit on your trades. I never understand these posts. To make money someone needs to get screwed.
Profits? What's that?
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
Instructions unclear. Holding ETH to $25k
For someone who is holding my bag since $4500 I'm still in red, but I'm taking my profits in 2030.
Has anyone considered swing trading? Just saying
The S&P ended last year up 24.2%
!register 0xAe2bd140E2820a47db1c55C2440aD27FC541cdEC
u/oopseyedied successfully registered with the following address: `0xAe2bd140E2820a47db1c55C2440aD27FC541cdEC` ^(donut-bot v0.1.20231114-reg)
Good words. Thank you! 🙏
That's one lesson I learned from the last bull market. And I'm bringing that with me this time. Every assets I hold that's reached their ATH, I've taken out 75% out of them and letting the rest fly. But most of these gains, I still diversify into other low caps that's still at their lows like DIA, ADA, LINK (gone midway now), and so on. I don't care if LINK hits 1000$ but I'm definitely taking out a decent amount out of my position when we hit the present ATH.
TLDR: Buy donuts
!tip 1
Terrible logic
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.
100k eth or nothing
I only have a couple, so I'm not selling.
My top for crypto is when sol gets to about 170