Post
Topic
Board Beginners & Help
Re: Why are you taking profit on bitcoin?
by
pawanjain
on 20/07/2025, 15:33:56 UTC
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.

Your point number 3 and 4 are a little similar as to selling bitcoins to buy altcoins. May be you should consider combining them.
This is the exact mistake I have made in this bull cycle and I obviously regret making this choice.
I have learnt my lesson though and won't repeat this mistake again. Holding my bitcoin stronger now.