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.
This is the right time for the investors and those that have been holding a bitcoin for a long time period to take their profits, as the bitcoin has reached an all-time high. Because I know some investors can get more than 2x from the market, but I know that they will be some of the investors who still cannot take their Bitcoin profits yet; rather, they will keep watching the market.
Honestly, the recent Bitcoin market has encouraged a lot of people; even those that didn’t have interest in investing in or holding Bitcoin before have definitely changed their mindset. This year I can see that Bitcoin has seriously reached a new ATH; this proves that the market can still do well and much better in the future.