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Board Beginners & Help
Re: Why are you taking profit on bitcoin?
by
Davidvictorson
on 20/07/2025, 17:00:10 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).
This is the exact reason why I should take profit. After all my years of holding, I should be able to spend some of its yeild on some vanities that will make me a little happier. You know that anything can happen and it would be a bigger regret if something happens like I lose everything and didn't even get to spend a small piece of it on something that I love.

Quote
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.
Again, this is not wrong depends on what I plan to do with the Fiat. It is not white or black, you know. Our needs are different and so are our plans. So long as you don't withdraw everything to fait then, do what you must.