Quote from: Pmalek on April 16, 2024, 03:17:27 PM

Quote from: Sanitough on April 15, 2024, 10:56:59 PM

Good mindset. One should not be selling if he’s not actually in a bad financial situation, otherwise he will only miss a huge opportunity that might turn all his hodlings into a massive ones.

You don't have to be in dire need of money and broke to sell your bitcoin. Do it to treat yourself and your family. Renew certain things around the house or buy gear and equipment that you need. The current price is still a great exit stage if you bought your coins much cheaper. You can't know the needs I have, same way I don't know your position. So whatever rules I have working for me could be completely ridiculous to your personal situation.

Taking profits is never wrong, but I believe that not many people will do as you say because everyone wants big profits, everyone is greedy and many people will continue to hold because everyone believes that there will be a crazy bull season after halving.

Personally, I also sold some bitcoin when it hit $69k and I was happy with the profits I got. Although I also expect or hope that history will repeat itself, that we will have a bull season after the halving, but it is never wrong to take profits because the future is unpredictable. There is no guarantee that we will have a bull season after the halving.