But the real question is why are you taking the profit:
If we don't have to prolong this, investors takes profits when they've reached their investment goal of making profits. Some sells out of over excitement during or after price increase that would bring increase to their portfolio, some sells out of Fomo as an act of short term goals while some sells out of emergency needs because they failed to follow the protocol of having reserved funds to solve their Short term needs while investing in the uncertainty market.
I tend to agree, or perhaps they often experience FOMO regarding profits or worry that the price might soon decline.
This fear can make them sell while prices are high rather than risk waiting and potentially losing some of those gains.
Sometimes I personally feel this way as well.
The point about selling due to urgent cash needs is really important.
It served us the importance of having reserved funds outside of investments, especially in unpredictable markets like crypto.
Overall, holding for the long term seems better than taking a profit in the short term, which makes sense to me.
And we literally can not help it to do away with Fomo which drives the short term taking of profits and Investors on this short term plans are usually vigilant on the coin market cap to know when their portfolio has increased.
The honest is even as short term investors, as the market candles indicates those greenish candles proving rapid pumps, most of them would have the desires to continue holding with that emotional excitement that they're growing richer, but once price gets to bearish or declines, they begin to act Fomo and decides to sell it to secure that current value that's already accounted profited to safe themselves from regrets that they would had sold when the price was high.
So therefore is need to satisfy your emotions as an investor so that you can stay good health wise while continuing to buy again ahead of time. The goal is practically to make profits and make good use of it and not just holding and owning those profited values for formalities.