Taking profits like you said is dependent on many factor and also based on individual preference. It will not be wise to sell your Bitcoin when you have not figured out how you will be able to manage the proceeds, else you may misuse the money and run out of Bitcoin. Instead of a situation like this, it is better to hold across different market cycles like the early buyers are doing, I mean those who bought 2013 and thereabouts who have seen many market cycles but never took profits like most of you are suggesting.
My plan is to hold beyond this market cycle and if eventually another bear market comes, I will simply use it to gain more Bitcoin at lower prices. I understand others might have other plans are are free to use any approach the are fine with but my concern is to ensure I do not run out of Bitcoin.
Well, I agree with you that in every decision it depends on each individual, if they are satisfied then they have made a wise decision. Yes, it depends on how they can manage their fiat to accumulate more bitcoin when they choose that decision. But don't get me wrong, I don't recommend that because all of that is their own right because it's your money and it's appropriate for them to do whatever they want.
So back on Topic, Buy and Hold. For me, the recent increase does not make me afraid to continue buying because I still have the desire to accumulate more BTC in my portfolio. Well, the story is different for many people, where they are not long-term investors and they only target short-term profits. so it's no wonder that in this thread we see many people discussing this, they are traders, not long-term investors like we have done.