Being optimistic is what needed most within traders and investors if by regularly looking at the price level or for bitcoin to create another ATH immediately after purchase can never be possible to achieve rather it would keep them on a worrisome state where they could panic sell their investment so cheaper.
Investors should also focused on their portfolios like to keep expanding it when seems the market down with this much accumulation is very much possible.
Supposedly if they are investors who have been in this space for a long time, they are highly optimistic, including me, I am also someone who believes in that.
Those selling out of panic are people who are new to this space. Because if they have been around for a long time, then in the day they will be calmer when prices decline and they will even increase their assets to take advantage of the decline that occurs.
Some investors says it is important to take profit and I always heard that kind of advice on streaming sites like YouTube and I think they earn more than hodlers because of the confidence I see on their faces though I don't know if that is really what they are doing personally but they could also be holding Bitcoin while grabbing opportunities in every price movements or they are just trying to sell their online courses to newbies. 😅
Well, I believe those who advice other investors to always take profit aren't really doing so to sell their online course, or whatever we choose to call it, they are actually advising that based on their own personal experiences, or the experience of other persons in the industry.
Like for me personally, based on the experience I've had since 2016 I joined crypto (though I had a long break from 2017 to 2020), I would also advice the same thing, because there have been instances where if I had taken profit, I would possibly be living a much better financial life than I am currently living.
To take profit is very important, whether it be with bitcoin or Altcoin, but then, it's completely optional, since there are people who are really busy outside of crypto, which means they don't have time to keep watch over the market, such persons may be financially buoyant themselves, so taking profit isn't really a big deal for them, they just wanna invest and forget it for years.