Quote from: KaliLinux on August 07, 2022, 10:34:29 AM

Quote from: feeling sound on August 03, 2022, 04:46:39 PM

I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.

Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?

How do you guys do this ?

I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.

I am mostly a HODLer like you so I don't worry about the profits along the way until I am sure that the market is around another ATH and I will take all the profits in there meaning I must have taken my Initial Investment and some profits too, and don't forget you must have invested in the right profits for this else some projects might not survive the long HODL.

This is exactly how I approach it as well. I mean it's clear to me that we are talking about "long" term in a real sense, meaning even double or triple of what I invested is not enough.

My peak was around 9x profit, and I still didn't take most of it out, took maybe like 20% or so out to pay off debts because it allowed me to invest more, and I invested more dollars right now thanks to this, and bought cheaper as well so I basically have more bitcoins thanks to that move, because if I sold, I would have a lot of money that's true, and would have bought back now, but no guarantee about that, but paying off debt means same amount could go into bitcoin instead.