Why Profit Booking Should Be used in Bear Market by codingdefined

View this thread on: hive.blog | peakd.com | ecency.com

hive-167922 · @codingdefined · Jan 11 '22

$18.56

Why Profit Booking Should Be used in Bear Market

I have been in the situation of 2020 Crash for Stock Market and I was there in 2018 Crypto Crash too, now we are having something similar situation where the Crypto prices are crashing and we do not what is the bottom. People are waiting to buy for long term and people who have got good profits so that they can secure their profit. So that's why I was thinking that we should use the profit booking money to buy some coins in the bear market.

![image.png](https://i.imgur.com/6GS1ASb.png)
PC: Pixabay.com

I am not doing anything yet, I have profit booked when the Bitcoin was high, though not that much. So I have some liquid USDT so that I can use opportunities like this to buy some favourite coins. Now why Profit Booking is important because that profit can be used in the bear market so that you will get double profit, actual profit and another if the Bear market turns to bull market.

I am now seeing 100s of articles that Bitcoin is dead, dream run is over, that I am seeing from the last 4 years but again who were novices here are actually panic selling by seeing these articles. But we should be careful about what actually we are doing here, I am not entering the market for buying still because I see there will be more downside and once my target for certain coins are reached I will be entering.

That's the same thing I have done in the 2020 Stock market crash, where I have taken some profits in 2019 and then when the market crashed in 2020, I have bought the dip, not at the lowest but still bought at that point where I am profitable till now. So even if we are long term investors we should profit book once in a while so that once we get a situation like these, we can actually buy more and thus enjoy the profit.

Actually, profit booking rises one more question for individuals that when to buy and when to sell, that no one can predict. People have profit booked at $60K as well as $45K based on their profit-taking ability but still, people do have taken profit so there is no definite time when to sell similarly people are buying now as well as people are waiting to buy even lower so again there is no definite answer when to buy and when to sell. It all depends on people's own individuality that when they should buy or sell. Again we should not hope that everything will be good sooner or later, it's all the game which we are playing to get rich so don't ever think that there is an easy game for anyone.

But if you are a long term investor, I would suggest buying when there is a downtrend like this because Crypto is the future and a little down now can make you rich in the future.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@codingdefined/why-profit-booking-should-be-used-in-bear-market)

👍 leo.voter, utopis, bala41288, ocupation, rehan12, sharkthelion, yintercept, steemflow, investegg, sbi8, runicar, leofinance, voter001, eturnerx, r1s2g3, kannannv, pardeepkumar, smartvote, uwelang, pixelfan, kanibot, ew-and-patterns, anadolu, enjoyinglife, rmsadkri, chandra.shekar, oldtimer, sacrosanct, megavest, ctime, brofi, kamaleshwar, steem-holder, portugalcoin, break-out-trader, vintherinvest, fengchao, baycan, cielitorojo, gadrian, bilimkurgu, irivers, steemstreems, babytarazkp, candy49, coinlogic.online, abeerhunter, elgatoshawua, cugel, onestop, obsesija, brofund, thauerbyi, star.leo, w-t-fi, mindtrap-leo, phython, elektr1ker, travelwritemoney, cryptololo, shortsegments, tpkidkai, dado13btc, cyekmyster, and 27 others

`author`	codingdefined
`permlink`	why-profit-booking-should-be-used-in-bear-market
`category`	hive-167922
`json_metadata`	{"app":"leofinance/0.2","format":"markdown","tags":["leofinance","neoxian","hive-engine","proofofbrain","vyb","palnet","cent","ctp","archon","personalfinance","india","finance"],"canonical_url":"https://leofinance.io/@codingdefined/why-profit-booking-should-be-used-in-bear-market","image":["https://i.imgur.com/6GS1ASb.png"]}
`created`	2022-01-11 04:34:30
`last_update`	2022-01-11 04:34:30
`depth`	0
`children`	4
`last_payout`	2022-01-18 04:34:30
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	9.307 HBD
`curator_payout_value`	9.250 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	2,753
`author_reputation`	534,627,732,266,896
`root_title`	"Why Profit Booking Should Be used in Bear Market"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	109,368,290
`net_rshares`	11,098,411,987,926
`author_curate_reward`	""

properties (23)vote details (91)

voter	rshares	pct
candy49	3,653,889,674	100%
oldtimer	18,028,317,214	50%
uwelang	44,749,041,779	4%
moretea	516,856,724	10%
ew-and-patterns	26,808,612,076	10%
runicar	84,594,839,481	50%
eturnerx	66,432,097,861	1.6%
dante31	756,922,299	5%
dado13btc	946,526,995	50%
pixelfan	40,983,010,556	5.6%
thauerbyi	1,485,523,507	9%
francis.melville	578,976,351	1.1%
pardeepkumar	47,422,923,329	50%
rehan12	215,738,602,717	100%
roleerob	856,752,893	0.22%
investegg	132,897,193,826	3.1%
anadolu	25,265,248,775	25%
steemflow	138,750,473,239	35%
vintherinvest	9,188,305,760	5%
ocupation	255,968,900,755	50%
tpkidkai	948,537,682	10%
balina	181,376,684	50%
enjoyinglife	23,439,730,538	50%
r1s2g3	60,959,239,223	61%
bala41288	845,392,851,740	100%
baycan	8,017,096,572	12.5%
portugalcoin	10,695,444,699	15%
anna89	685,151,668	100%
elektr1ker	1,106,291,373	25%
mindtrap	718,479,735	50%
obsesija	1,513,206,439	5%
gadrian	6,585,807,754	4%
julialee66	28,631,417	5%
break-out-trader	9,798,646,286	10%
bilimkurgu	6,191,985,765	25%
therabbitzone	841,422,913	50%
yintercept	172,860,873,493	100%
shortsegments	974,120,963	0.5%
gallerani	598,016,401	10%
smartvote	46,789,413,679	2.2%
voter001	67,445,244,539	77.3%
sbi8	87,522,663,061	68.76%
flyingbolt	728,355,501	10%
ctime	14,747,998,606	2.5%
steemstreems	4,314,708,043	25%
megavest	16,902,686,719	10%
travelwritemoney	1,054,347,928	10%
mindtrap-leo	1,169,940,040	50%
leo.voter	7,232,683,486,847	10%
babytarazkp	3,658,349,473	40%
kanibot	33,820,970,265	100%
coinlogic.online	3,568,260,301	5%
sacrosanct	17,624,788,288	50%
sharkthelion	181,667,677,051	25%
onestop	1,540,509,539	5%
steem-holder	11,626,287,651	10%
phython	1,142,308,923	100%
brofund	1,504,070,098	1.1%
fengchao	8,103,998,945	2%
leofinance	72,864,337,914	10%
zuly63	777,375,949	8%
rmsadkri	19,602,652,636	29%
beehivetrader	905,823,741	5%
brofund-leo	0	1.1%
w-t-fi	1,213,260,386	100%
brofund-pal	0	1.1%
brofund-ag	5,869,208	1.1%
sharkleo	675,683,413	10%
leo.tokens	898,120,600	10%
cielitorojo	6,602,073,264	5%
elgatoshawua	2,053,923,142	5%
utopis	874,293,185,463	50%
star.leo	1,482,807,599	50%
brofi	12,702,856,757	0.27%
cryptololo	1,052,202,480	9%
broadhive-org	760,044,317	5%
leoball	540,062,372	10%
imno	577,325,019	2.5%
impurgent	642,989,818	40%
cyekmyster	939,075,420	100%
kamaleshwar	11,647,379,987	100%
chandra.shekar	18,342,746,095	100%
kannannv	53,973,614,295	100%
irivers	4,429,750,138	100%
cugel	1,620,414,508	5%
abeerhunter	3,267,907,851	18.8%
waivio.welcome	402,982,835	0.83%
waivio.com	259,428,786	0.83%
centblog	258,656,574	100%
saboin.leo	54,872,832	14%
behiverbee	788,571,874	100%

@eatthebugs · Jan 11 '22

if the vc's and people I fucking hate control crypto in and outflows and most of the bots (including some corp-sabotage tier hacking/espionage)

and if I can't live off crypto and watch anime and play total war all day long without lifting a finger to work, what's the point desu?

![594570_20180124204525_1.png](https://i.imgur.com/HRtwidC.png)


Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@eatthebugs/re-codingdefined-5hcmbe)

properties (22)

`author`	eatthebugs
`permlink`	re-codingdefined-5hcmbe
`category`	hive-167922
`json_metadata`	{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@eatthebugs/re-codingdefined-5hcmbe","image":["https://i.imgur.com/HRtwidC.png"]}
`created`	2022-01-11 04:51:33
`last_update`	2022-01-11 04:51:33
`depth`	1
`children`	0
`last_payout`	2022-01-18 04:51:33
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	448
`author_reputation`	-2,903,759,295,826
`root_title`	"Why Profit Booking Should Be used in Bear Market"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	109,368,585
`net_rshares`	0

@poshtoken · Jan 11 '22

https://twitter.com/codingdefined/status/1480760188684562433
<sub> The rewards earned on this comment will go directly to the person sharing the post on Twitter as long as they are registered with @poshtoken. Sign up at https://hiveposh.com.</sub>

properties (22)

@r1s2g3 · Jan 11 '22

I am also now realizing that booking profits is very necessary. I will see when next bull cycle in SL come.

Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@r1s2g3/re-codingdefined-6smbmd)

properties (22)

`author`	r1s2g3
`permlink`	re-codingdefined-6smbmd
`category`	hive-167922
`json_metadata`	{"app":"leofinance/0.2","format":"markdown","tags":["hive-167922","leofinance"],"canonical_url":"https://leofinance.io/@r1s2g3/re-codingdefined-6smbmd"}
`created`	2022-01-11 05:46:12
`last_update`	2022-01-11 05:46:12
`depth`	1
`children`	1
`last_payout`	2022-01-18 05:46:12
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.000 HBD
`curator_payout_value`	0.000 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	205
`author_reputation`	474,160,583,961,607
`root_title`	"Why Profit Booking Should Be used in Bear Market"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	109,369,493
`net_rshares`	0

@codingdefined · Jan 11 '22

Yes, I do have profit booked Hive when it was above $2 and cashed out.

properties (22)