Bitcoin reaching new ATH and with possibilities of multiple ATH to come again there will be some investors who will be taking profit from their bitcoin investment. This shouldn’t be surprising or be discouraged by anyone, we all have different strategies in this market, some are taking profit because they wanted just 2x from the market some more. For me bitcoin is still at an early/mid stage and will increase in price as the demand and adoption increases, but that doesn’t stops one from taking profit base on their strategy.

But the real question is why are you taking the profit:

Some are taking profit to actually invest into other assets which is what we call diversification or to build their businesses which is a great idea as profits from this business can still be used to invest into bitcoin yet again. But are you familiar with this investment or business, if not why take profit.

Some can take out profit to either help to Carter for their needs like building or buy themselves houses if what they have now is a rented property or to renovate the property if it is theirs, certainly there is nothing wrong with this.

Why you shouldn’t take profit is:

1. Using the money to actually spend it on unnecessary luxuries (emphasis on unnecessary, as there is nothing bad to get some luxury for your self).

2. ⁠It is wrong to take profit and abandon it on fiat currency, that’s going from an asset with a store of value to one with devaluing characteristics.

3. ⁠Taking profit to actually invest into altcoins because there is predicted alt season coming with some Altcoins been rumored to be able to do 5x or more is a capital gambling which mostly results more into losses than profits.
 
4. ⁠lastly Buying Altcoins are not diversification means so do not take profit from bitcoin to buy Altcoins.