I think there are still some people who can hold bitcoin forever, people who see bitcoin as a cult can do so. But honestly, that's really a bad idea, a stupid move because that's not the goal of investing in bitcoin. They are straying from their original goals and that is not good for them.

For me, taking profit is never wrong because that is the purpose of investing, and that is why I do not often and do not like to give advice, people should hold and not sell. Everyone will have different goals and positions, they can sell at any time as long as they are happy with it, don't interfere or criticize them when they do so.

Not all people would be bound on holding up their Bitcoins on which there would be always those fellas that would be that deciding on selling it out once they do have the opportunity on doing so. We do know that the basic principle when it comes to trading is to "buy low sell high" on which at the moment that they've seen up such opportunity then they wouldnt be hesitating on doing so just because they are going for short term but for those who are that holding for long term then it would be an another story.There are those people who do both things on which we know that profitability will be basing up on how good you are or simply with the skills and with some little bit mix of luck. Profit is profit and never look back or making up some regrets once you have done it. When it comes to buying and selling then this is why we do call it a market in the first place because it is that being composed by buyers and sellers. There would be no volume if all of people will be trying out to hold.

Take profit when you do have the chance and hold a part of it. Separate your short term investment and with your long term ones. You should know on what you should gonna do because once you wont be able on wisely making up decisions then you would be having a hard time on making up some handling with your investment. Always make it sure that you wont be putting up yourself on such condition and always secure profits and you should know on where to allocate funds.

What is the purpose of buying Bitcoin, profit right? So if you just hold and keep holding then the goal will not be achieved at all.
Taking profit is a necessary after holding it for some time, because we don't know the future, where the big holders can throw it away at any time, they care about the profit too not just the technology.

Even if there are extremists out there that can stomach holding bitcoin forever, there is only a few of them and the rest won't be able to do that. Even if you are not exactly poor or struggling, it is almost healthy for the circulation for you to sell or use your bitcoins so much and maybe the rich ones are more inclined to spending them and the poor ones are more inclined to never touching one coin.

I would say that if you are considering to have en emergency fund, which you should, then it should be in something that is liquid and easily accessible.
May be an FD or something but not in crypto or stocks that can go up or down anytime. We never know and if an emergency comes during a bear market then we would have to sell the funds at a lower price.
So it's better to have those funds in FD or savings with auto-sweep facility.

You have a point, but I don't agree with the idea of having a fixed deposit account for an emergency fund, especially since it is seamless to exchange Bitcoin for fiat.
First, if you're going to use a few BTC for an emergency fund, and the market downtrend, it will only lose a few dollars, or cents, sometimes, if calculated in fiat.

Second, there are many crypto cards, each of which we can deposit Bitcoin and have it in fiat currency, which technically secures the volatility aspect of the market. Besides, we can also convert the BTC set for emergency in stablecoin, either, and this is what I always do to use crypto for the payment for goods and services.

More to come!

There is no limit to what may be achieved with BTC, as long as the accumulation process goes smoothly and steadily.

Yep. It's for profit and nothing more.

We are investing in hopes of making money off of our investments. Buying and holding your Bitcoins for dear life doesn't make any sense at all. I mean I respect their decision still if that's what they wanted, but in my perspective as an investor, you're investing to make money, and not because you want to hold something just because you want to hold it.

Especially now that big institutions are constantly stacking Bitcoins and putting it on their balance sheet, we don't know when these will sell most if not all of their holdings. Blackrock just did sell some of their Bitcoin holdings a few days ago. Also, I don't believe that Michael Saylor will forever hold those Bitcoins that he bought, and at some point, he will sell it, take profit just like what other investors are doing. We don't know the future I agree with it. We might see these institutions selling their holdings TOMORROW or NEXT WEEK.

As an investor, our main priority is to make profit, and nothing more.

I don't think someone can hold is bitcoin or any other crypto forever except you don't have access to it anymore, like loses your secret key. Anyone that hold Bitcoin will definitely sell it out when he as been profitable to it. Many people always says you should keep holding they didn't means you should not sell your coin, meaning you should not sell when you are on losing you should be patient enough to gain back your capital and profit before you sell your coin and be profitable. But some are scared to lose everything, that is why anytime they invest and see the market is shaking they will rush and sold there coin, because they don't want to lose everything in the crypto market.

Bitcoin is profitable, but when you can't hold for long term, he will always be difficult for you as and investors to be profitable on Bitcoin, because he don't used to increase easily he take times before he pump deeply. If you need profit keep holding thing you reach your goals, because any target you set before selling your coin he will definitely reach your target but you need to be patient enough and continue holding for years. you will surely reach your goals.

I don't think it will be few dollars but may be few hundred dollars. It depends on how much you hold for an emergency fund.
While everyone has their own budget, it should at least cover 3 to 6 months of your expenses.
So even if you hold, lets say around $2000 in bitcoin and if the price drops 10% then you would still lose $200.


Oh yeah, stable coins are a good option. That would solve the problem