The red candles defying weekend

In times like this, I wonder where are the pessimist and those who always see Bitcoin to be dumping haven’t come so close to a previous all time high…
These are the people that would tell you to sell or maybe swap to USD so as to preserve its value and guess what, Bitcoin could be really defying as it’s gone against all odds to produce another ATH at $118.8k and it’s not stopping on its bullish formations.

One of the common statements you would get from people at this time and with the charts going green is that, you should take profit and be done with it so you’ll invest when it dumps. My advice for you guys would be:

Quote from: JimboToronto on Today at 05:14:36 PM

Quote from: AlcoHoDL on July 12, 2025, 07:41:51 AM

... Buy when you can, sell when you must, and only when you must!...

...and take your profits in Bitcoin.

That’s some knowledge from the speculation board. Don’t miss on the goods stuff there

Back to it, not as though Bitcoin always climbs but in times like this, it’s most likely and so, taking profit isn’t always the right mindset towards it. The idea still remains, having to expect more like OgNasty does with the little climbs to straighten your position and that’s what I found in this,

Quote from: OgNasty on July 12, 2025, 07:15:56 PM

When do we hit $120,000? I'm guessing Tuesday evening (Wednesday morning).

Now it’s already looking as though, Tuesday is way too far, lol… OgNasty, you were still spot on though and that’s the mindset to go with it.

For those that most take profit, you must try to understand certain concepts and the most important of them is;
Taking profit hasn’t got nothing to do with liquidating your Bitcoin portfolio to do so. You would be doing it wrong.

Profit refers to the increment on your invested capital. Mind you, your capital stays in place to yield even more as price progresses.

That means,
You got 1 BTC at $100k in December 2025
Today 13th July, 2025, it’s 1 BTC at $118.8k
Your profit is $18.8k and that’s what you can or should play around with.

Mind you, you should withdraw only if you must and haven’t got any other choice else, even invested capitals could be grown. There is always something to regret when we liquidate our portfolio and at the top of it, people tend to find it difficult buying at a high price after selling at a price that would become the low to where you would be buying from.

So, be mindful of what you do when price is going up, even taking profit could be a trap you don’t want to be in. Rather than be tempted, do like philipma1957 does and open a bottle for Bitcoin

Quote from: philipma1957 on Today at 01:51:05 PM

Quote from: El duderino_ on Today at 01:37:38 PM

Lets fly to the moon and beyond

Well at least let me open the bottle of 120 proof knob creek today.

It’s come so far and yet we aren’t there yet.

Your thoughts on this?