Do you guys life by the "No Neo, I'm trying to tell you that when you're ready... you won't have to (sell your btc)"-Meme or
are you mere mortals that sell before they lose their fiat profits?
are you mere mortals that sell before they lose their fiat profits?
I think that if you accumulated a lot of bitcoins , you can (and should) take some profits in a bull run from time to time. Then buy back in the dips:
You will fell better in a bear market (and there will be another one, for sure) if you took some profits in the bull market.
Even after taking some profits, like 10-20% of your stash, you can still have a lot of bitcoin in your portfolio.
Personally, I will always have a high % of bitcoin in my portfolio.
I mean, a maxi will (correctly) tell that the ultimate shitcoin is the fiat. So he has no reason to sell. Ever.
We all need fiat.. You can't buy stocks, for example, with bitcoin. I think that taking profits and investing in a stock market, or a bonds market, is a good alternative.
Specially if you need your money to support family members or someone else.