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RE: Bitcoin (BTC) Morning Update: When to Take Profits & When to Buy

in #bitcoin7 years ago

i dont really understand how you take profits in BTC. you buy BTC so how do you take profits? I mean if you buy say $200 worth of BTC, and the value goes up what are you going to sell it? probly not cuz its BTC and BTC is king so how exactly are you profiting? i guess maybe it'll be worth $250 or something?

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This is directly addressed in the video. The accumulation of BTC currently provides profits....when to cash out is completely up to you. Cashing out is how you take your profits, or cashing partially, and continuing to invest prudently as explained in the video to continue building capital which can be cashed out at any time.