Many of us are eagerly waiting for Bitcoin to hit $100k. Are you planning to sell after Bitcoin hits $100k? Or are you planning to make your investment last longer?
This should be three options, and they are..
- sell
- take profit
- hold
Even though one have to sell to take profit, it's still not the same thing since it's only a portion of the asset that is sold to either recover the initial money that was invest, while the profit is kept to run, or take out the profit, while the initial money invested is allowed to keeping running.
So for me, when bitcoin reaches $100k, I am not going to be selling, but I will take profit, but this decision will also depend on the market condition at the time, if there is room for more growth, I am just going to watch the price go higher while still holding, I will only try to take profit when the price of bitcoin reaches its peak.