in Some youtube videos I heard some analysts talk about taking profits in bitcoin without selling bitcoin. some of them even said that they doubled their Bitcoin amount in this bullrun. They don't explain how exactly to do that.
I tried to research and can't find any way to do that in any of the exchanges I use such as kraken, bittrex or coinbase.
The only way I know of, to take profit of bitcoin bull run is to sell some bitcoin which means the bitcoin holding will reduce.
So, I am just wondering is it really possible to take profit without reducing bitcoin holding? Am I missing something here?
You cannot profit from any asset unless you sell it, so I am not sure what methods those Youtubers were talking about. Maybe they are luring others into some kind of a ponzi scheme because there is absolutely no way to make profit of a bull run without selling or buying the assets.
Frankly speaking the market is full of scammers specially since the telegram has arrived because scammers have no fear of getting caught and tracked down. Don't trust anyone who promises returns without selling/buying of coins because it is obvious they are just trying to get control over your coins and then vanish. If there was ever a way of doubling your coins without selling them, these guys would be billionaires by now instead of making videos.