Quote from: Boomber on April 23, 2023, 01:09:58 PM

Quote from: ANSEL_2.0 on March 28, 2023, 07:04:34 PM

It's fine to take profits if a pump takes place because the correction will happen sooner or later but we all have our plans, some plan for the short term, and others plan for the long term, so even if there is a small pump it makes no difference for long term holders, they will rather prefer to hold than taking short term profit.

true, investing in cryptocurrency is indeed very good for the long term, but my advice is that if a pump occurs, then it's better for us to sell some and wait for the correction to buy back, so that the profit we get can be bigger than we just stay silent and miss the pump, because take profit is the most important thing from investing in cryptocurrency.

That depends on your plan and just like what @ANSEL_2.0 have mentioned, it doesn't really matter if there will be some small rally or slight pumps in the prices if you're holding it for a long-term but if it's just a short term, then taking profits during those pumps will be a good idea because there will be some corrections that will happen along the road. But in my perspective, I'm not really into taking profits in my bitcoin portfolio because I'm holding it for a long-term whereas for my altcoins, surely I will take advantage of the pump,