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Topic
Board Beginners & Help
Re: Why are you taking profit on bitcoin?
by
CryptopreneurBrainboss
on 26/07/2025, 03:36:24 UTC
But the real question is why are you taking the profit:

Some are taking profit to actually invest into other assets which is what we call diversification or to build their businesses which is a great idea as profits from this business can still be used to invest into bitcoin yet again. But are you familiar with this investment or business, if not why take profit.

You only realized profits from your investments when you take profits so I don't discourage taking profits but they should be done for the right reasons and not because you're scared of the market or wanting to invest into the latest and trending new shitcoin.

You'll be taking the wrong steps if all you care about is what's the most trending new crypto to buy. You can't replicate what happened with Bitcoin as no other crypto will have its level of success and trust from the community.

You investing should be done with wisdom and only take profits when you have realized a good return on investment and want to adventure into something solid as an alternative source of income. Don't sell to eat and lavish your wealth, that's a poor man mentality.