r/CryptoCurrency • u/AutoModerator • 16d ago

OFFICIAL Daily Crypto Discussion - August 11, 2025 (GMT+0)

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11

u/Silver-Dance-4810 🟩 0 / 0 🦠 16d ago

Don't forget to take some profits. You don't need to sell everything to take profits. Selling small amounts periodically when the market goes up is a good idea, just like buying small amounts periodically as the market goes down.

8

u/decomposition_ 🟩 4 / 2 🦠 16d ago

My lazy ass doesn’t want to deal with taxes so I just hodl and DCA up

2

u/Silver-Dance-4810 🟩 0 / 0 🦠 16d ago

This works perfectly fine if you pick a BTC strategy (and not an altcoin heavy strategy) and plan to hold for 5-10+ years. If you need the money 3 years from now or have a lot of alts, some profit taking is useful. I have a long-term strategy, but I take profits periodically when my exposure to crypto gets higher than I am comfortable. This results in periodic profit taking when the market goes up and periodic purchases when the market goes down.

1

u/decomposition_ 🟩 4 / 2 🦠 16d ago

Oh yeah, I’m like 80+% in BTC&ETH. I have similar logic to you, I’m maxing my Roth out and my 401k isn’t maxed but I’m contributing way more than the average person my age. I see 5+ year potential in both of them after fumbling hard screwing around selling them over the last ten years so this time around I just want to hold.

It’s refreshing to not see a crypto maxi who’s against the mere idea of investing in stocks as well

6

u/Putrid-Material5197 🟨 0 / 0 🦠 16d ago

this is solid advice. sadly i wont follow it at all

4

u/wvutrip 🟩 1K / 1K 🐢 16d ago

When 95% of your holding are eth and bitcoin, don’t take profits unless you absolutely need the money. If you’re holding shitcoins, bail asap

2

u/MaxSmart1981 🟩 0 / 5K 🦠 16d ago

or just dca out

1

u/lVloogie 🟩 4K / 4K 🐢 16d ago

That's exactly what they are describing you dingus.

0

u/MaxSmart1981 🟩 0 / 5K 🦠 16d ago

In my mind taking profits when price goes up is not the same as DCA out.

DCA takes timing the market out of the equation. Sell a certain amount daily or weekly or w/e with the goal of selling it all.

But, hey...to each their own.

-1

u/_Commando_ 🟩 4K / 4K 🐢 16d ago

DCA takes timing the market out of the equation

DCA stands for "Dollar Cost Average", it has nothing to do with timing the market. You DCA In and DCA Out.

0

u/MaxSmart1981 🟩 0 / 5K 🦠 16d ago

I'm aware. However, as OP stated 'selling when the market is up' isn't dollar cost averaging.

1

u/Buydipstothemoon 🟩 0 / 1K 🦠 16d ago

I can't sell my BTC... My gut feeling tells me I should wait 20 years.