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Some can take out profit to either help to Carter for their needs like building or buy themselves houses if what they have now is a rented property or to renovate the property if it is theirs, certainly there is nothing wrong with this.
This is the reason why I'm taking profits not only on Bitcoin, but on my other assets as well. I want to take profit so that I can buy something that I need like this year. I'm taking profits so that we can continue the house that we're building. To not to take profits might be applicable to those who are a VERY LONG TERM holder of Bitcoin. It might be applicable to those who doesn't have any plans on selling it, or those who have a plan of only selling it at maybe a million dollars per BTC.
For me though, taking profits is my top priority because that's the main reason why I'm investing in the first place. You're investing in order to make money, right? If not, what's your reason why you're investing then?
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.
One of the weirdest advice that I've ever heard when it comes to investing indeed but:
1. There are some who are doing this to REWARD themselves. As a human being, sometimes rewarding ourselves is the best way after doing something that for us is very hard. I mean being patient for years is hard... or is it only me.

Nevertheless, this is pretty much normal as long as we only spend a minimal amount only, and not spending all of our money.
2. There's never been wrong on taking profit on your assets. Let's say for example, you bought 1 BTC for $10,000 and you plan to sell it for $100,000. What will you do? Will you take profit, or will sell it and convert it into your own currency, or let's just say stable coins to secure your money at least. Converting your asset into fiat currency is for me not a wrong move especially if you have some plans for that money that's been invested.
3. This is where I agree because not all altcoins will pump during the altcoin season. I wouldn't say that much on this one because it's self-explanatory, but what I would say only is that, if you're planning to take profit on your Bitcoin to put it into altcoins, focus on those top altcoins only or maybe on Ethereum.
4. For me, diversification = investing your money into different ASSET CLASSES, and I mean putting it on the Stock Market, Real Estate, Bond Market, etc. etc. Selling your Bitcoins and putting it into altcoins isn't diversification because most of them move in the same direction. If Bitcoin goes down, so does altcoins and vice-versa.
There's nothing wrong in taking profit even when it's on Bitcoin. As an investor, it's our main priority to take profits then plan for the next move that you'll be doing.