Whose Veronica, someone from 2012?
Bitcoin appreciates quickly, what is 10% now is over 50% in a year if we adhere to the historic value increase of Bitcoin. So either sell/buy frequently, or don't care too much about the relative allocation in your portfolio.
He would be very lucky if that was the case. You are right, rich people have different priorities to people earning just to eat. Theres an investment principle of rebalancing on a regular basis, depends on the time frame but could be yearly. After all BTC did go up previously and back down and people who sold too much regretted it when it later went up even further.
Traders pay to rebalance much more then yearly but as an investment its fine to just keep checking in and taking some out for gold or whatever. He doesnt have to overreact on this and rush to sell it just because today its over 10% but at some point, yes take profits or distribute gains over more then one idea is sensible
My main argument was to secure his costs of living and generally be stable not gambling everything, but thats what traders do.
