Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?
If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?
Taking your seeds out once you see enough profits is the best and smartest thing to do considering that the market is moving up and down. Taking that chance to sell at high is a huge opportunity, many people had missed that thing because they even wanted more and more which is very unlikely.
But if you are a long-term investor and investing in Bitcoin, holding seems good as well. But for me, I'll take every opportunity that I saw and in fact, if I sell it today, I can still make a buy option once it drops again. That is really how it pictures out.