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MarkRoberts
Bronze Bitcoiner
Bronze Bitcoiner
Posts: 483
Joined: Wed Jan 13, 2021 10:19 am

How to "take profits" without giving up bitcoin?

Tue May 11, 2021 1:09 pm

Taking profits means pulling some of your cryptos off the table and swapping it out for fiat or a stable coin. So yes, if you're planning on holding bitcoin for the next two years and you don't want to take any profits, then disregard this advice.

CryptoStar19
Nickel Bitcoiner
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Joined: Fri Jun 11, 2021 3:47 pm

Re: How to "take profits" without giving up bitcoin?

Mon Jun 14, 2021 8:57 pm

You can take profits when prices are high on on their way up and use that money to buy bitcoin back when prices are low or the market is in a dip. This way you aren't giving up any bitcoin and just increasing your bitcoin holdings over time.

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