If you have a long enough investment timeline, it still might be o.k. to hold through the UPs and the DOWNs, even though it may well be painful, so it is not always the better move to cash some out on the way up, especially if you are fairly new to bitcoin and you are still accumulating.. so since bitcoin has tended to be quite volatile (and there is no real reason to speculate that such volatility is going to stop in the short to medium term) it is likely that a lot of newbies might not be able to time their first cycle in a way that gives financial and/or psychological comfort to them no matter what they do...
It is not easy to control the psychological comfort in cases like this when it turns out to be money. This is one of the greatest feelings to be able to control when one has already committed themselves into it. Many advises have been given in the past, that one has to have made up their mind before venturing into bitcoin but more than 50% of these investors are still battling on how to control their psychology into not losing their money and this is normal for every being it just differs the way everyone can control theirs. Newbies that have experience of this will now have better understanding of the market now and will plan well on when to accumulate and hold on or when to take profit and not greedy until the bear market approaches again before selling, because that’s the biggest regrettable feeling one can have again after waiting for a long time for the money to grow. It is good to learn from others experience while also learning how to manage your funds and keep secure your investment before selling them out for profit.
It is easy to look at what the BTC price did after the fact and to conclude what you "should have done" which many times is ONLY clear when looking back at the facts, so there is really no easy way to know what was going to happen with any level of meaningful specifics in order to really be able to play those waves without just ending up getting lucky, and it seems that we should not be striving to gamble with our bitcoin investments in games of luck kinds of plays rather than taking more solid strategies that might just involve ongoing and persistent accumulation until we reach our target level of accumulation and maybe even over accumulation and then if profits might come after that then maybe we can adjust our strategy from accumulation into maintenance.. Even though there are some folks who could come into bitcoin with lump sum investing, for a lot of normal folks it could take 4-10 years or longer just to get from BTC accumulation stage into BTC maintenance stage. .so it seems a bit fruitless to be kicking yourself for not playing BTC price waves as good as you could have played them.
Bitcoin investment holding is not meant to be played, it is full of volatility and one cannot tell what the next move of the market is. Bitcoin investment is the most easiest investment one can think of when it comes to investing their money for profit in the long run. Just buy some, hold on to them, sell when you’ve reached or hit the target you want. When it doesn’t hit the target you set for it due to the volatile nature of the market and the bull market already over, it is good to sell them off and get the profit already accumulated. Waiting for the bull run to come when it seems unlikely to come at that time again is just like gambling and if you gamble your money, you’ll end up losing more money and get little or no profit for all the wait over the years.