Rule #1: one is never wrong for taking some profits.

This is where greed gets in the way as you described. Sell on the way up is never a bad idea. If you are continually making a profit, your financial life will change.

For me, the best thing to do, from what I researched, is to take those gains (some at least) and get them into income producing assets. Sure, if there is debt there, eliminating that is not a bad idea. But, in this environment, the rate on your mortgage is probably not that bad. Hence, is there a better return out there?

In crypto, we know there is.

So I would toss out the idea of taking some of the money, in this example, from Wax gains and get a part of that into income producing assets. That will likely be tokens since the fixed income market is destroyed right now.

As for the mortgage, that is up to you how you feel about debt. Paying it down so you have more equity in the house is akin to taking money off the table. However, if you can get a much better return on your money as compared to what the mortgage rate is, perhaps play that in a way that you keep increasing your returns.

Not all have to be speculation.

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