Bitcoin Forum

Economy => Speculation => Topic started by: AbernathyFray on January 18, 2021, 05:17:03 AM



Title: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: AbernathyFray on January 18, 2021, 05:17:03 AM
Sometimes is a defensive thought, sometimes its an offensive one.  I'd never sell it all, but converting some to another tangible asset has its merits.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: bitmover on January 18, 2021, 12:48:49 PM
Sometimes is a defensive thought, sometimes its an offensive one.  I'd never sell it all, but converting some to another tangible asset has its merits.

I think it is worth taking a few profits along the way.

I think it is very interesting to sell about 1-10% when you reach 1000-10000% profits.

Then you can reduce a lot of your invested capital, reducing your risks and you will fell better when the price crashes again. As you will have some capital to buy back.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: BevNation on January 18, 2021, 01:42:18 PM
I would have said me but obviou, no one wakes up to make some loses so pretty much, everyone. Profit is the reason why most persons or every one goes into business or investments. So if you don't want to make profit in a day's work, why work at all!


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: bassbity on January 18, 2021, 01:43:29 PM
I think it goes back to your needs. because holding assets in the form of cryptocurrency you have to think about future profits, so just take your profits as appropriate, and leave some of your assets in the long run. in managing assets and side by side with needs is very difficult to control. Therefore, you must be good at managing all the benefits that might cover your daily needs.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: finn.cole on January 18, 2021, 02:33:29 PM
I think this is just a moment now when it seems that nothing will work. Me neither at first thought that all this had no meaning and I wasted my money nowhere. But the main thing here is to be patient. Nothing happens right away. Wait a bit and you'll start making a profit.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: Eureka_07 on January 18, 2021, 02:46:31 PM
Maybe that depends on how much profit you could have if you will decide to take them out now. If you brought it at $30,000, I strongly believe that it isn't the right time for you to sell. The market is still strong at $30k+, I believe it has more to offer before going dip(if it will happen).


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: mrdub on January 18, 2021, 03:38:39 PM
I came out 100% when it reach $39,500. Got hit hard in the 2018 crash by being greeddy and believing the shills with their talk of TO THE MOON. I believe BTC will go to the moon, but it will be a sawtooth pattern and take a long long time.

I strongly believe a big crash / rectification will come soon, then will go all in and double maybe triple the coins I had


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: arbiter5 on January 18, 2021, 03:39:34 PM
Complete opposite for me. I wake up everyday thinking if I should buy more bitcoin.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: 7788bitcoin on January 18, 2021, 04:03:04 PM
I have a target set for a portion of my coins and i will get notified when the price reaches those valuation and then i will take my position, during the pandemic i was forced to sell some of my holdings due to personal reason even though i will not sell if it is a normal situation. Even when i was selling i was hoping that we will see a correction but that never happened.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: Poker Player on January 18, 2021, 04:53:57 PM
I think it is worth taking a few profits along the way.

I think it is very interesting to sell about 1-10% when you reach 1000-10000% profits.

Then you can reduce a lot of your invested capital, reducing your risks and you will fell better when the price crashes again. As you will have some capital to buy back.

That is kind of what I'm doing. That way I don't rely on emotions. I sold a bit when we passed $20k, some more when we reached $35k and I'll sell a bit when we reach $50k. That way I always remain mostly invested while I can enjoy some of the profits.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: kentrolla on January 18, 2021, 05:06:15 PM
Sometimes is a defensive thought, sometimes its an offensive one.  I'd never sell it all, but converting some to another tangible asset has its merits.

I think it is worth taking a few profits along the way.

I think it is very interesting to sell about 1-10% when you reach 1000-10000% profits.

Then you can reduce a lot of your invested capital, reducing your risks and you will fell better when the price crashes again. As you will have some capital to buy back.

You are right, this works for me as well when ever I buy at higher price I use to buy it again if the price drops as soon as the price goes up immediately I will try to average it and sell it best price, I always feel that avoiding loss is also a part of making profit because if the price goes down continuously then there are more possibilities for huge losses also we do have lot of benefits like dumping money can be avoided and we can trade it again and again.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: Fesatmas on January 18, 2021, 05:17:32 PM
Sometimes is a defensive thought, sometimes its an offensive one.  I'd never sell it all, but converting some to another tangible asset has its merits.

The question is whether this principle applies to all types of crypto assets or only part of it, bitcoin and ethereum believe this principle will apply.
but what if that applies to other cryptocurrencies? where do we often witness the temporary power of hype and fomo? because in utilizing part and part of holding it as a whole in my opinion will not be perfect.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: hatshepsut93 on January 19, 2021, 01:47:49 PM
I only think about it when Bitcoin is at ATH, which happened a lot recently, and I even did take some profits and I'm not regretting it, it already allowed me to buy myself some useful things, with more coming in the future. If you're just hodling and hodling for years, denying yourself any pleasures while waiting for Bitcoin to cost $1 million, you might just waste all your life and end up being a rich old person who can't enjoy their wealth fully.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: ropyu1978 on April 12, 2021, 10:28:57 AM
everyone who jumps into investing must all want more profits. those who want losses. what we have invested, yes, it is only natural that we ask ourselves how much we should take profits today. in my opinion we will definitely take a little profit.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: xSkylarx on April 12, 2021, 12:29:06 PM
I think it is very interesting to sell about 1-10% when you reach 1000-10000% profits.

This amount of gain does not happen that often and it only does on very low cap altcoins which is very difficult to know what could increase that much in the future. If I would experience that kind of gain I would probably sell all that coin at 1000% gain. That coin with that kind of gain will surely have a pullback and you don't know how deep it will be, if that happens you will just regret it because you did not take the opportunity to sell it when it was at peak price.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: ikatancrypto on April 12, 2021, 12:53:02 PM
I think it all depends on the needs, because the needs of each are very different. there is nothing wrong with selling everything if there is an urgent need, and there is nothing wrong with selling half of our crypto assets. because some are indeed crypto is the main job and some are making side jobs.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: Kylapoiss on April 12, 2021, 01:50:08 PM
I took my profits years ago, now it's just a ride to the moon :)


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: bitzizzix on April 12, 2021, 01:53:35 PM
Don't be too stingy if you already have big profits because as long as you have bitcoin and it continues to increase, your profits will continue to be made.
I personally always take the opportunity when the price of bitcoin goes up and it is profitable to sell it in small quantities and only for necessities or wants that must be owned or needed.
and sell only a fraction of the initial capital which I always use when needed and when the price goes up, and I still keep my previous profits and hope to double or more when there is a new ATH, and I love that activity when the price is still below 20K and when the bitcoin price hit the new ATH and beyond, I really enjoyed it.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: JimboToronto on April 12, 2021, 03:12:38 PM
I'll take my profits in Bitcoin thank you.

When I do spend some, it's not based on the price of Bitcoin but on the availability of what I want to buy or the necessity to purchase.

Take this private lake for example. When it became available I considered it a once-in-a-lifetime opportunity. A private lake is something I always dreamed of owning.

I started using some of my bitcoins to buy dollars back in February in order to buy this lake, despite the fact that Bitcoin was in the early stages of the inevitable rally into 6 digits. As it turns out, my remaining bitcoins are now worth almost as much as my original hoard, despite spending almost $2m.

https://i.imgur.com/zgbrXbG.gif

Selling Bitcoin for fiat currency hoping to buy back at a lower price later is a sucker's game.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: maydna on April 12, 2021, 03:19:37 PM
I am sure we see our coin's value increase many times, especially this year, as we see that many altcoins and even bitcoin already rise so high. Perhaps, you are waiting for the next high price, your target price, to sell your coin. But the other people still hold their coins and not selling at a high price.

Perhaps you need to know that you are making a profit when selling it to bitcoin, usdt, or sending it into your bank account. If you don't sell it, you only see your coin's value increase, but you will not know if the value will still increase or it will go down in the next minute.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: batang_bitcoin on April 12, 2021, 07:06:07 PM
We have different satisfaction level and it's okay for me to take some profits too while having still a bigger portion of my bitcoin being held. If you have other important things to spend your profit and you're happily taking it, you deserve it if you've been holding it for so long. While for others, they don't want to sell it and keeps on hold because they've got their own goals too. The important matter is focus on your goal, sell today or until the end of the bull run, it's your decision that must be followed and with what you're focusing with.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: adaseb on April 12, 2021, 07:10:25 PM
You should always take some profits. Even if it ends up going to like $400000 or so. The reason why you resist taking profits is due to greed and the issue here is that this greed will turn into fear if and when a bear market starts.

Back in 2017, nobody wanted to take profit at $20K, people wanted $50K or $100K or even $1,000,000 according to McAfee. Then when $6K broke their greed all turned into fear and they ended up selling at a huge loss between $3-4K back in Nov-Dec 2018.

Hence you don't be too greedy and should take profits from time to time.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: bakasabo on April 12, 2021, 08:24:26 PM
You should always take some profits.

Agree. That is what I've started to practice in last 1-1.5 years and now I look on Bitcoin or any other altcoin price volatility with a smile. I have understood that I cant earn all the money and be smarter than tomorrows trader. When I really feel like I'm going to break off, I exchange crypto to fiat for a couple of hundreds and buy something for myself or family. Seeing that today I have given something extra makes me feel comfortable with early selling.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: carlfebz2 on April 12, 2021, 09:32:56 PM
When it comes to taking profits then this will vary on each person and also we do have set our own goals or price when it comes on taking profits and not all is been holding for that long

some do trade up or bought it a bit cheaper and when the movement goes up then thats already some gains and we are really expecting on that specially
if we do deal with short term basis

For those who had been hodling then seeing on taking profits on day to day basis seems not really that much of a concern.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: magneto on April 12, 2021, 10:09:32 PM
If you were going to take profits, make sure it's towards a good cause.

Don't just let your funds sit idle in a bank account earning <1% interest. Either make it go toward some entrepreneurial activity that you pursue, or toward some emergency that you can't fund from other sources.

The reason is simple - with the extent of BTC price fluctuations, you never know when or if you would be able to get back into the market if you are a long term holder. Don't just cash out your position because you feel like BTC is topping out - timing the market is almost always impossible.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: philipma1957 on April 12, 2021, 10:22:07 PM
Sometimes is a defensive thought, sometimes its an offensive one.  I'd never sell it all, but converting some to another tangible asset has its merits.

My self Not every day.  But I mine so in times like this a small sale here and there happens.


But I suppose if all you ever did is buy the dips and hodl hodl hodl hodl and have never sold a single satoshi you should be thinking if you need to sell a bit.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: hopenotlate on April 12, 2021, 10:23:12 PM
I'll take my profits in Bitcoin thank you.

When I do spend some, it's not based on the price of Bitcoin but on the availability of what I want to buy or the necessity to purchase.

Take this private lake for example. When it became available I considered it a once-in-a-lifetime opportunity. A private lake is something I always dreamed of owning.

I started using some of my bitcoins to buy dollars back in February in order to buy this lake, despite the fact that Bitcoin was in the early stages of the inevitable rally into 6 digits. As it turns out, my remaining bitcoins are now worth almost as much as my original hoard, despite spending almost $2m.

https://i.imgur.com/zgbrXbG.gif

Selling Bitcoin for fiat currency hoping to buy back at a lower price later is a sucker's game.

Hats off, great move. This place looks like a paradise.

I really don't understand the ones dreaming about luxury cars , watches, jewels and futile stuff like that.

If/when I have to take profit I will go for a lifechanging choice and not for some stuff to show off to other people.

Great job Jimbo



Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: Baofeng on April 12, 2021, 11:01:10 PM
Sometimes is a defensive thought, sometimes its an offensive one.  I'd never sell it all, but converting some to another tangible asset has its merits.

My self Not every day.  But I mine so in times like this a small sale here and there happens.

Same, I look at the price but I would say not today. The funny part is that when I sell a few for personal reasons, the price always goes up.

But I suppose if all you ever did is buy the dips and hodl hodl hodl hodl and have never sold a single satoshi you should be thinking if you need to sell a bit.

Specially when we buy during the last lowest low last year because of Covid-19. In just one year, we made big profits already. But I'm still thinking that the price can still reach six digits, so I can continue to have that hodl mentality and then see how the price will go at the end of the year.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: thecodebear on April 13, 2021, 02:07:42 AM
Nope don't ever do that. Around December I made the decision to essentially never sell my bitcoin. I did trade a few BTC for DOT in february to ensure that i don't have to sell BTC for profits, as I can just live off my DOT staking rewards and never sell the rest of my crypto. Though I do have three things i want to eventually use a tiny bit of my bitcoin for: buy some land and build a home, book a commercial orbital space flight, and go to Mars on a spacex ship one day. Bitcoin will be many times higher than it is now when I do any of that.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: bitmover on April 13, 2021, 03:28:22 AM
I think it is very interesting to sell about 1-10% when you reach 1000-10000% profits.

This amount of gain does not happen that often and it only does on very low cap altcoins which is very difficult to know what could increase that much in the future. If I would experience that kind of gain I would probably sell all that coin at 1000% gain.

You say that because you are not a holder ;)

I have more than 1000% on bitcoin (considering my local fiat currency). But since 2017 , when it was less than 5K, bitcoin has done more than 1000%. ANd 4 years is not a very long investment...

 And yes, I am doing this strategy, selling from 1-10% of my stash  (depending on how long will this bull run go, I am selling a few every month since a few months already.)


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: JimboToronto on April 13, 2021, 03:31:11 AM
Then when $6K broke their greed all turned into fear and they ended up selling at a huge loss between $3-4K back in Nov-Dec 2018.

Only undisciplined weaklings sold at less than $6k.

Anyone who'd done their homework and knew their history should have known that with the next halving, Bitcoin would again rise to new ATHs at levels previously considered unattainable.

When bitcoin crashed from about a dime to about a penny in 2010, a dollar was a dream and $30 was pie in the sky.

When it crashed from $30 to under $5 in 2011, $1100 was considered delusional wishful thinking.

When it crashed from $1100 in 2013 to less than $200 in 2015, $20k was considered unreasonable.

Now after crashing from almost $20k in 2017 to under $4k in 2020 and back to over $60k at present, some people still laugh at the idea if Bitcoin being worth over a quarter of a million later this year. They consider anything over a million to be ridiculous.

Watch them foolishly sell when the price dips from a quarter million all the way down to $80k.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: LUCKMCFLY on April 13, 2021, 04:02:01 AM
Sometimes is a defensive thought, sometimes its an offensive one.  I'd never sell it all, but converting some to another tangible asset has its merits.
Diversification in any market or real estate is not bad, money has to be moved, if you see potential in another business and you have any intuition about it, you should carry it out, those things sometimes work, I learned it in one of the tips from Jesse Livermore, intuition often works best.

But now if you have your investment in Bitcoin, I advise you to wait and have some patience, there may be a big bullish movement.

Quote
At the time of writing, the BTC/USD pair is targeting $61,000 again, less than $1,000 from all-time highs. Among analysts, expectations of Bitcoin reentering uncharted territory are predictably high. In this opinion of an article they talk about a possible leak, which means that at any moment we will most likely see a new bitcoin ATH:

“Another breakout attempt,” on-chain analytics service Skew summarized.
Source: https://cointelegraph.com/news/record-btc-weekly-close-ethereum-all-time-high-5-things-to-watch-in-bitcoin-this-week (https://cointelegraph.com/news/record-btc-weekly-close-ethereum-all-time-high-5-things-to-watch-in-bitcoin-this-week)

I think that the best investment of all is with Bitcoin, as time goes by, bitcoin will always gain more value.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: Kittygalore on April 13, 2021, 07:19:23 AM
I don't know any person so they might be a rare kind, and I don't think that speaking your thoughts won't help a lot when you are trading and it won't work if you are also really bad at trading.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: UnDerDoG81 on April 13, 2021, 09:34:38 AM
Every day in the last 8 years. And never taken profit so far lol.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: Reatim on April 13, 2021, 09:43:51 AM
Sometimes is a defensive thought, sometimes its an offensive one.  I'd never sell it all, but converting some to another tangible asset has its merits.
Never that i come to that Idea mate since last quarter of 2020 , Because if i Did then surely i will regret this all my life.

https://coinmarketcap.com/

Check the coinmarket now and you will see how this can be more profitable than thinking of selling.

Bitcoin making another ATH same as Ethreum .

Binance is dropping a Bit yet just have its new ATH.

XRP on the other hand is also bringing good movement to all supporters.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: thecodebear on April 13, 2021, 11:50:09 AM
I'll take my profits in Bitcoin thank you.

When I do spend some, it's not based on the price of Bitcoin but on the availability of what I want to buy or the necessity to purchase.

Take this private lake for example. When it became available I considered it a once-in-a-lifetime opportunity. A private lake is something I always dreamed of owning.

I started using some of my bitcoins to buy dollars back in February in order to buy this lake, despite the fact that Bitcoin was in the early stages of the inevitable rally into 6 digits. As it turns out, my remaining bitcoins are now worth almost as much as my original hoard, despite spending almost $2m.

https://i.imgur.com/zgbrXbG.gif

Selling Bitcoin for fiat currency hoping to buy back at a lower price later is a sucker's game.

Awesome. Yea the main purchase I'm interested in eventually using a small amount of my bitcoin for is to buy land. Your lake looks great! Can you rename it to Lake Bitcoin??


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: JimboToronto on April 13, 2021, 01:17:30 PM
Awesome. Yea the main purchase I'm interested in eventually using a small amount of my bitcoin for is to buy land. Your lake looks great! Can you rename it to Lake Bitcoin??

Buying land is almost always a good investment. As Mark Twain said, "they don't make it anymore". Hopefully it's for the purpose of enjoying its use and not just as an investment. Bitcoin is still an even better investment.

My biggest previous Bitcoin purchase (during the "dead cat" bounce in January 2018) was my first property in Mexico. I didn't buy it as an investment. I bought it as a place to spend my winters. Having a place to winter rent-free and tax-free has saved me lots of money and it has already probably doubled in value. Still, if I'd saved the Bitcoin I spent on it, I'd have made much more profit.

Likewise, I'm not buying my lake as an investment. Sure, I could spend some more coin improving the road in, connecting to the electrical grid and applying to subdivide the property into cottage lots but that's not why I'm buying it. I want it as a super-private nature retreat, barely a half hour by air from downtown Toronto for me and my wife and our families and close friends. The taxes are ridiculously low. No sense giving them an excuse to raise them.

Yes, I could almost surely make more by leaving my money in Bitcoin but money is just money. Enjoying life is much more important.
_____

Lake Bitcoin? I've thought about it.

The lake isn't named on any map I've seen so far. It has a name that has long been used by the local people and local government. I suppose I could just start calling it Lake Bitcoin and see if it catches on. Rural people have an innate distrust of city folk though and there's no sense aggravating the situation by renaming the local geography.

Obviously I don't want to advertise my Bitcoin involvement. My days of wearing BTC ballcaps and t-shirts in public are long gone. You can still buy a wrench for $5.

I guess I could call it Lake Bitcoin among my Bitcoin friends and still refer to it by its original name in public.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: siggy_77 on April 13, 2021, 01:31:43 PM
I never wake up asking myself if I should or will take profits today.

I almost always wake up thinking "DID I take profits while I slept"...

Back when bitcoin was doing nothing, I sat down and made a spreadsheet detailing exactly at what price and how much I'd sell for, and at what price points I should follow up and buy the dips.  Doing this back then allowed me to take my time on making the decisions, and do so without having emotions drive the decisions.   

Now, I just follow the plan.. Its much less stressful, and so far, previous me seems to have made the correct decisions.. 

So.. my advice is:

make a plan
follow the plan
and most importantly, keep emotions out of it...

Sigg


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: thecodebear on April 13, 2021, 06:00:47 PM
Awesome. Yea the main purchase I'm interested in eventually using a small amount of my bitcoin for is to buy land. Your lake looks great! Can you rename it to Lake Bitcoin??

Buying land is almost always a good investment. As Mark Twain said, "they don't make it anymore". Hopefully it's for the purpose of enjoying its use and not just as an investment. Bitcoin is still an even better investment.

My biggest previous Bitcoin purchase (during the "dead cat" bounce in January 2018) was my first property in Mexico. I didn't buy it as an investment. I bought it as a place to spend my winters. Having a place to winter rent-free and tax-free has saved me lots of money and it has already probably doubled in value. Still, if I'd saved the Bitcoin I spent on it, I'd have made much more profit.

Likewise, I'm not buying my lake as an investment. Sure, I could spend some more coin improving the road in, connecting to the electrical grid and applying to subdivide the property into cottage lots but that's not why I'm buying it. I want it as a super-private nature retreat, barely a half hour by air from downtown Toronto for me and my wife and our families and close friends. The taxes are ridiculously low. No sense giving them an excuse to raise them.

Yes, I could almost surely make more by leaving my money in Bitcoin but money is just money. Enjoying life is much more important.

Yeah totally. I want to buy some land eventually to build a home on. I may get some rental properties too but I'd rather just use money made off staking rewards to do that rather than selling Bitcoin. Eventually I might decide to get some rental property vacation homes for new income streams that I can of course vacation at myself.


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: JimboToronto on April 13, 2021, 07:00:41 PM
I want to buy some land eventually to build a home on. I may get some rental properties too but I'd rather just use money made off staking rewards to do that rather than selling Bitcoin. Eventually I might decide to get some rental property vacation homes for new income streams that I can of course vacation at myself.

Just remember not to have any mortgages, unless they're vendor-take-back mortgages you hold on properties you sell.

Mortgages are a scam.

https://i.imgur.com/n1m2vsn.jpg


Title: Re: Who else wakes up every day asking if this is the day I'm taking some profits
Post by: sana54210 on April 13, 2021, 08:18:54 PM
Definitely not me. I do not think that I will ever be fully out of bitcoin. Sure I would love to take out hundreds of thousands of dollars worth of bitcoin one day and just retire to some country home and just live the rest of my life without working or without doing anything basically but aside from that I still think that I wouldn't be selling all of it. Let's assume that I struck gold somehow and made 1 million dollars worth of bitcoin somehow, I would probably cash out 50% of my bitcoin and still keep the rest in crypto for sure.

This is why I do not believe that bitcoin is something I will take out some profits anytime soon. Only if the price reaches to crazy levels that I may consider it, or if I get too old, but until that happens I am not going to really give that up and take profit, I will keep it in there for probably at least a decade for that to happen.