Crypto markets are cyclical, and while prices may be sky-high right now, understanding where we are in the cycle is key. Bitcoin, for example, tends to follow a four-year pattern influenced by "Halvings" (a supply-reducing event). Doing your homework on these cycles and their market dynamics can help you decide whether to jump in or wait.
Taking profits can be a smart move, but investing is all about having a personal 'investment thesis'. Why did you invest in the first place? What's your timeline?
The trick? Don't let emotions drive your decisions. Whether it's cashing out a portion or holding for the long haul, stick to a strategy you've thought through ahead of time.
If you've bought your crypto through a locally banked platform withdrawing funds is simple and fast. Most platforms will guide you through converting your crypto back to your local currency.
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