We are not talking about those kinds of "taking profits" or figuring out when to take profits matters in this thread, and that is one of those concepts that traders try to impose upon you as if it were some kind of a prerequisite to figure out what your exit strategy is or is going to be.
Most likely if you have have an investment plan that is 4-10 years or more, then you may well can start to address those kind of taking profits matters or converting into other ways of managing your BTC holdings down the road.
And, sure there is nothing wrong with making sure that you are able to exit your investment if you were to need to exit, because no one should invest into anything if they have no way of exiting.. and surely one of the problems can be that there are ongoing attacks upon bitcoin, so that sometimes some of us might have gotten into bitcoin in certain kinds of ways that do not really allow us to get out in the same ways, including that exchanges lock up and close down and various other ways of getting out of BTC might end up drying up.. so it could be a bit concerning regarding knowing whihc kind of ways of liquidating bitcoin are going to be available by the time we enter into a stage where we are no longer accumulating, and we might want to trade and we might want to sell some or all. even though selling all does not seem like a great strategy either .. especially if someone might have spent 4-10 years or longer investing into bitcoin, so what would be the purpose of getting out? to buy a lambo? or maybe some other purpose(s)?
Not stretching on the topic of selling DCA accumulated Bitcoin but considering there is always an exit point for every investors.
so that sometimes some of us might have gotten into bitcoin in certain kinds of ways that do not really allow us to get out in the same ways, including that exchanges lock up and close down and various other ways of getting out of BTC might end up drying up..
It is not considered appropriate holding your investment on any exchange for a long time, yes the amount you DCA might be small to move to a hardware wallet or to your electrium wallet which is why after much accumulation then all your Bitcoin should be moved down there. These exchanges are easily compromised by hackers and their long continuity to exist can not even be sworn on.
You're still thinking short term and in such cases you should just take your profit like every normal trader but when you talk of accumulation of btc and using dca as a risk proof investment strategy then you start seeing the market in a different light and even when you've made some profit you'll tend to view it as an opportunity to invest more
Think of it as a business strategy,how many big cooperations or firms do you ever see their investors or shareholders sell their shares simply because the stock value is increasing and they've made considerable profit?? Of course none or rather very few instead they double down on it and invest more because the profit only signals that they're on the right trend and the business is likely to grow and amass even more profit
Why take profit when you can hold out for a couple more years,I think unless you have a critical life challenge that inevitably requires you to sell out all you ow,I seriously think this a wrong and hurtful approach to investment
You said we'll, but in my context I never talked about a short term investment using the word
Mature should indicate I am speaking in relative to a long term investment.
Even the process of accumulating through DCAing usually takes a longer time to get enough which might yet not be enough. Every investors has his own budget which will take certain number of years to accomplish, maybe a 4yrs accumulation plan or 6yrs depending on the investor and how he sees the market.