Right and this depends on the time of investment also. If you have invested in Bitcoin for some time and have accumulated some profits, it becomes a little more easier for you to take from your profits earned over time but if your investment in Bitcoin was at the top and you have needs, selling will means that you are losing investment. So the time of investment also is important.
Agreed. Those who have invested 4-5 years back will be in good amount of profits now and they can sell some of their coins and book profit. On the other hand, for those who have invested in 2019 or 2018, the time is not yet ripe. At the most they will be in 5x-10x profit. If the initial amount is large, and if Bitcoin comprise a large part of their portfolio, then there is nothing wrong in partial profit booking. But for 90% of the users, the right strategy would be to wait for another couple of years, so that the exchange rates reach six digits.