I think thats greed setting in
I believe this is the time to cash out if you are in profit already
How can you say it is time to cash out if you believe it is just greed setting in? No, we are not yet in the bull market stage but maybe we already are on the way there. Theres still a lot that can happen but good thing is we are already seeing upward movement in the market graphs.
If he bought his bitcoin at $3,000 - $4,000 price level. It is indeed a good time to cashout and sell. Profit are still profit, waiting for 20k USD once again is an optional thing since no one really know's if this incoming bull run will trigger another ATH surpassing the price of BTC in year Dec 2017 - Jan 2018.