The red candles defying weekend
In times like this, I wonder where are the pessimist and those who always see Bitcoin to be dumping havent come so close to a previous all time high
These are the people that would tell you to sell or maybe swap to USD so as to preserve its value and guess what, Bitcoin could be really defying as its gone against all odds to produce another ATH at $118.8k and its not stopping on its bullish formations.
One of the common statements you would get from people at this time and with the charts going green is that, you should take profit and be done with it so youll invest when it dumps. My advice for you guys would be:
... Buy when you can, sell when you must, and only when you must!...
...and take your profits in Bitcoin.
Back to it, not as though Bitcoin always climbs but in times like this, its most likely and so, taking profit isnt always the right mindset towards it. The idea still remains, having to expect more like OgNasty does with the little climbs to straighten your position and thats what I found in this,
When do we hit $120,000? I'm guessing Tuesday evening (Wednesday morning).
Now its already looking as though, Tuesday is way too far, lol
OgNasty, you were still spot on though and thats the mindset to go with it.
For those that most take profit, you must try to understand certain concepts and the most important of them is;
Taking profit hasnt got nothing to do with liquidating your Bitcoin portfolio to do so. You would be doing it wrong.
Profit refers to the increment on your invested capital. Mind you, your capital stays in place to yield even more as price progresses.
That means,
You got 1 BTC at $100k in December 2025
Today 13th July, 2025, its 1 BTC at $118.8k
Your profit is $18.8k and thats what you can or should play around with.
Mind you, you should withdraw only if you must and havent got any other choice else, even invested capitals could be grown. There is always something to regret when we liquidate our portfolio and at the top of it, people tend to find it difficult buying at a high price after selling at a price that would become the low to where you would be buying from.
So, be mindful of what you do when price is going up, even taking profit could be a trap you dont want to be in. Rather than be tempted, do like philipma1957 does and open a bottle for Bitcoin
Lets fly to the moon and beyond
Well at least let me open the bottle of 120 proof knob creek today.
Its come so far and yet we arent there yet.
Your thoughts on this?
