Bitcoins/Litecoins/Virtual Currencies

Arden · 2025-10-02T16:07:36-0400

Dalren said:
I'm going to start scaling out some once we hit 145k+. Will HODL most bitcoin, but need to start capturing some gains.

I've had the same thought sometimes but always end up dismissing it.

Imo taking profit makes sense if:

1. You have a specific purpose for the profit you take- like a house down-payment .

2. If you think BTC is going to crash near term.

Neither apply to me, so I always just hold onto my BTC.

I mean, as far as investments go, where are you going to put any profit you take that's a better place than BTC?

Tmac · 2025-10-02T16:19:32-0400

Arden said:
I've had the same thought sometimes but always end up dismissing it.

Imo taking profit makes sense if:

1. You have a specific purpose for the profit you take- like a house down-payment .

2. If you think BTC is going to crash near term.

Neither apply to me, so I always just hold onto my BTC.

I mean, as far as investments go, where are you going to put any profit you take that's a better place than BTC?

He probably means taking profits to reinvest in the next dip or something else that has a lot of room to run.

For example, I knew MSTR was at the top ~420 back in July. I even told some friends I should probably take my profits, but I didn't and have eaten a huge bag of opportunity cost. While MSTR has continued to drop, the indexes have mooned. My profits would have been better utilized elsewhere.

Now that MSTR is on an upswing (potentially) I would consider selling those indexes and putting it back into MSTR, had I taken profits.

Dalren · 2025-10-02T16:43:08-0400

Tmac said:
He probably means taking profits to reinvest in the next dip or something else that has a lot of room to run.

For example, I knew MSTR was at the top ~420 back in July. I even told some friends I should probably take my profits, but I didn't and have eaten a huge bag of opportunity cost. While MSTR has continued to drop, the indexes have mooned. My profits would have been better utilized elsewhere.

Now that MSTR is on an upswing (potentially) I would consider selling those indexes and putting it back into MSTR, had I taken profits.

Yeah - I treat Crypto/Bitcoin no different than Stocks. Will build up my cash reserves with the proceeds and exercise some of my older Tesla LEAPS for one that are way up and turn those into shares.

Tuco · 2025-10-02T21:12:07-0400

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