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Scraped on 21/07/2025, 13:14:00 UTC
Quote from: KiaKia on July 20, 2025, 07:30:33 PM
Quote from: pawanjain on July 20, 2025, 03:33:56 PM
Quote from: EL MOHA on July 20, 2025, 02:46:46 PM
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.

This is too early to conclude right now, until dominance hit 40+range and ETH reaches a new ATH, you will be shocked, many people are not ready for what's about to happen.

Right from day one those who likes Bitcoin too much always hate on altcoins for some weird reasons, if they can eradicate alts with their mouth they would have but still, this is going to be the most hated rally ever.

Why? Because every piss of sh** are still going to pump anyways and people will make money, it is not the first time and it won't be the last time either, many alts already failed and people got f**k up but what will happen will still happen.



Lol, from that perspective it will definitely happen but the point is that if we are investing in altcoins then we better know why we are doing it.
It's obvious that bitcoin will crush every altcoin time and time again as it has already proven itself.
Altcoins will come and go but if we invest in the right altcoin there is a greater chance of surpassing the returns when compared to bitcoin.
But again, that is where many people mess it up and invest in shitcoins and end up in losses and that is why it is much much safer to hold bitcoin instead.
Original archived Re: Why are you taking profit on bitcoin?
Scraped on 21/07/2025, 13:09:26 UTC
Quote from: KiaKia on July 20, 2025, 07:30:33 PM
Quote from: pawanjain on July 20, 2025, 03:33:56 PM
Quote from: EL MOHA on July 20, 2025, 02:46:46 PM
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.

This is too early to conclude right now, until dominance hit 40+range and ETH reaches a new ATH, you will be shocked, many people are not ready for what's about to happen.

Right from day one those who likes Bitcoin too much always hate on altcoins for some weird reasons, if they can eradicate alts with their mouth they would have but still, this is going to be the most hated rally ever.

Why? Because every piss of sh** are still going to pump anyways and people will make money, it is not the first time and it won't be the last time either, many alts already failed and people got f**k up but what will happen will still happen.



Lol, from that perspective it will definitely happen but the point is that if we are investing in altcoins then we better know why we are doing it.
It's obvious that bitcoin will crush every altcoin time and time again as it has already proven itself.
Altcoins will come and go but if we invest in the right altcoin there is a greater chance of surpassing the returns when compared to bitcoin.
But again, that is where many people mess it up and invest in shitcoins and end up in losses and that is why it is much much safer to hold bitcoin instead.