You can't really have it both ways. If you're tempted to take profits when you make some nice gains, say 2x, 5x, or even 10x ... there's no need to look on the past with regret, and wish you got in the early days of cheap Bitcoin, doing the math on how much you would have today.There's almost no way you would have that same stack today ... holding past 10x, 100x, 1000x, 10000x .... and beyond. And that's okay. We all have our moons, and taking profits is great. What's the point of being in crypto if not to take profits eventually? But when you do, don't live with regrets.And if you can, try to hold past the 2x, 5x, 10x ... one day it's likely people will wish for the good old days of 50k Bitcoin.Just imagine the posts in 2030:"Man buys Tesla for 1 Bitcoin in 2021 - that Bitcoin is now worth 50 Teslas"50k seems like a lot right now, but it may be the new "Bitcoin for 10 cents" in the future.TLDR - Take profits if you want/need - hold if you can. And most importantly, don't look back with regrets.
Submitted February 16, 2021 at 03:11PM
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