Taking Profit Is Not Bad


There is a sense when investing in cryptocurrency that taking profit is a bad thing. For example, if you are up 10% on an investment it’s not a good idea to sell, to wait for the 100% return.

There is nothing wrong with taking that 10% profit. Profit is Profit. Just don’t look back and agonize over the sale if it keeps going up. This is where it can be smart to sell off a little at a time.

Sell a portion off at 10% return, sell another portion off at 20%, ect. Everyone has a different strategy. The important thing to remember is taking profit is never a bad thing.

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