The Dangers of "Taking Profits" On Your Bitcoin

Learn to buy anonymous Bitcoin:
https://www.bitcoinuniversity.com/courses/76599-the-ultimate-guide-to-bitcoin

In this video, I discuss the dangers of "taking profits" on your Bitcoin.

Converting a really strong asset into a weaker asset is never a good idea-- and it's an especially bad idea against the backdrop of high inflation.

If you put your investment profits into a bank, your money can be frozen or hair-cut as part of a bank bail-in.

If you invest your profits in any asset that doesn't keep up with the high inflation, you risk once again losing some or all of your purchasing power.

Even buying hard assets like a house can be a mistake, due to the high maintenance and replacement costs that come with high inflation.

The whole idea of even wanting to "take profits" demonstrates that someone is still trapped in a fiat mindset.

Learn to value your wealth in Bitcoin.

Not investment advice! Consult a financial advisor.

What Is Bitcoin's Ultimate Price Target?
https://www.youtube.com/watch?v=1ugK2waqCqM&ab_channel=BitcoinUniversity

Capital Gains Tax Calculator:
https://smartasset.com/investing/capital-gains-tax-calculator#bfIOcnioEz

Lebanese banks to shut indefinitely after flurry of holdups:
https://www.cnn.com/2022/09/22/asia/lebanon-banks-shut-holdups-intl/index.html

Cyprus central bank announces 47.5 percent haircut on large Bank of Cyprus deposits:
https://www.reuters.com/article/cyprus-bankofcyprus/cyprus-central-bank-announces-47-5-percent-haircut-on-large-bank-of-cyprus-deposits-idUSL6N0G033120130730

Gold price in Weimar Marks:
https://twitter.com/DylanLeClair_/status/1396518689177063429/photo/1

USD to Turkish Lira chart:
https://www.xe.com/currencycharts/?from=USD&to=TRY&view=10Y

USD to Argentine Peso chart:
https://www.xe.com/currencycharts/?from=USD&to=ARS&view=10Y

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos. My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#Bitcoin
#inflation
#banks

Disclaimer
Neither Bitcoin University, nor any of its directors, officers, shareholders, personnel, representatives, agents, or independent contractors (collectively, the “Operator Parties”) are licensed financial advisors, registered investment advisors, or registered broker-dealers. None of the Operator Parties are providing investment, financial, legal, or tax advice, and nothing in this video, on this YouTube channel, or at www.Trader.University or www.BitcoinUniversity.com (henceforth, “the Sites”) should be construed as such by you. This video, channel, and the Sites should be used as educational tools only and are not replacements for professional investment advice. Trading or investing in new and volatile assets like Bitcoin can be risky.