This is the main reason they said market is volatile and anything can happen at any given point but how do you control it as an investors or trader, is to have it parted after securing your profit for the maintime. What i mean is that if you buy a coin worth of 300$ and immediately in pump to 500$ first you sell your of 300$ and take profits leaving your 200$ gambling with. Then if you just buy and market declining what to do is don't panic keep accumulating more and more then you would see that when the market bounces back then you have double of what you had invested earlier.
You will likely do much better if you have some kind of a long term plan in regards to bitcoin, and sure if you cannot resist but to gamble and/or trade with you bitcoin, make sure that you are not gambling/trading with more than 10% of your bitcoin - while at the same time, don't be cheating by continuing to dip into your main stash of bitcoin when you are losing the 10% that you are fucking around with. There are ways to discipline yourself with limits but also to potentially still gamble/trade within such limits.
Usually If is me I would keep accumulating without even selling or having to take any profits knowing too well that we haven't achieved this year ATH.
This year we already had several new ATHs between $69k and $73,794, so are you waiting for more?
If you are merely waiting for a new ATH, then how are you going to know that it is enough? and why would you necessarily hold your value in dollars rather than holding your value in bitcoin?
So there still can come questions in regards to whether you even accumulated enough BTC in order to start to be in a position to sell some of it. Surely you are the best person to judge that, even though historically we have witnessed a lot of folks selling way too many BTC too soon, and even if they might have had gotten decent dollar profits out of the BTC that they sold, the crux of the matter was that they had not really acquired enough BTC in order to be selling as many BTC as they ended up selling, so personally, to me it seems problematic for people to be obsessed with selling if they have not even been in bitcoin for a full cycle, absent if they had been able to already accumulate a lot or somehow to have had been able to front load their investment.. but hey, whatever, each of us have our styles and if you want to try your luck at trading, maybe you will get lucky with that... and maybe you won't end up selling too much too soon and maybe the BTC price will dip so that you can buy back more than you sold or whatever it is that you are wanting to do with your BTC once you sell them.. buy a car? Go on a trip?
So yeah, if you started accumulating bitcoin at around the time of your forum registration, which is late 2021, sure it is possible that you could have had accumulated enough BTC, since your forum registration date matches up with my own history in which I got into bitcoin at the top of the 2013 price run.. so that would have had been 8 years earlier.. so yeah, I had only accumulated through 2014 and more than half of 2015, so I had already created a selling strategy for myself in around mid 2015 that I started to employ at around $250.. and it was based on some formulas in terms of just selling from my profits, so as the price went up I could sell up to 10% of my holdings every time the price doubled (and in the beginning I could only use the portion of my BTC that was in profits, but by the time the BTC price got into above $500, most of my holdings were already in profits, so I could use the formula for all of my holdings.. .. so think about it if I had 10 bitcoin and the BTC price was $500, so they would be worth $5,000, and so if the price went up to $1k, I would be able to sell up to 1 BTC, but I think that I never ended up selling the full 10% authorized amount.. so then there is another question regarding what is the accumulation level, so if I had a total investment portfolio of $50k and then 10% was in bitcoin, but then if the BTC price doubled, then all of a sudden due to BTC's price doubling, then 20% of my investment portfolio was in bitcoin, so my point is that there are way us that you can figure out some formulas, but I think that you have to get to a state of over accumulation, and you don't necessarily sell to buy back but sell based on taking some of your BTC off the table because you have enough or you have too much.... and you can figure out your own rationalization for why you might sell without having more than a whole cycle accumulating.. unless somehow you had been able to overly accumulate. within your own definition of what overaccumulation might be (if there is such a thing?).
Any investor who knows about bitcoin and how it works can never rush to sell his bitcoin except for shitcoin that doesn't worth to hold for long period of time and of course those shitcoin can never be added in our portfolios if they don't have any potential, so that is why it's better to only choose bitcoin for long term race than short time projection. Even as that 10% is pretty much okay to be trading with provided he won't go down to much more of the holdings, as most times trading seems to be gradually reducing ones possession.
Some people cannot resist and they want to trade and/or to get involved in shitcoins, so if they can at least limit the amount that they trade and/or get involved in shitcoins, then they would likely be in a better position than if they did not have any limits on how much they would be trading/shitcoining. But yeah, sometimes there is no real way from stopping people from doing what they want, so they might believe that they have been able to identify some kind of a winning system or a winning shitcoin.. . .but sometimes it is just a "feeling" rather than really being sufficiently thought through.
By the way, it does not make a whole lot of sense to me to focus very much in regards to what others might be doing, even though surely in the various threads of this forum we are interacting with others, but we still have to figure out our own plans and sometimes interact with others in terms of of comparing our plans, so there could be some hypothetical persons who have been in bitcoin for only a couple of years or maybe 2.5 years but still able to pretty much front load their bitcoin investment - especially since we had a pretty long period of bitcoin dippening between more or less June 2022 through October 2023.. so that time period could have had allowed for a decent amount of BTC accumulating, even though surely the periods that we were below $20k would have been the better time periods, even though I know that in reality it might not always be possible to really stock up on bitcoin during the best of times.. because sometimes any of us can have our own limitations in regards to either how much cash we are able to get for buying bitcoin and we may not even consider it to invest into bitcoin more than a certain amount of value, and I even found myself in those kinds of dilemmas in late 2014, when I was actually considering if I might want to convert some of the allocations that I had in other investments into bitcoin, which I mostly ended up rejecting under the conclusion that I felt that I already had enough BTC.
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So what you want to do is DCA or Buy Dip because looking at what you said here I think it's mixed between buying DCA or doing Buy Dip by waiting for the price to go down?
You have to think about this well in addition, when looking at long-term investments for bitcoin I think we should also be aware that we don't need to think about ATH for now if the goal is for the future because our goal is not ATH today especially if just starting to invest. Although ATH is now very profitable but when your target is not the current value I don't think we need to think too much and sell at ATH now because our goal is the future which does allow the price to be higher so that we are not affected by the price whether it is experiencing an increase and decrease because our goal is the future unless indeed you want to be a trader where buying when the price is cheap and selling when it is profitable only that is not an investor but a trader in the mention.
Yes a lot of folks are tempted by trading, and so of course, they are free to do what they like and sometimes the amounts that they are selling and making profits in dollars are not really even very much, but some folks want to spend their time in that kind of a practice rather than just continuing to buy bitcoin over a whole cycle or more. .and then maybe reassessing their situation after they have spent some time building up a BTC stash.. if they have built up a BTC stash buy just engaging in various forms of buying (lump sum, DCA and buying on dips), then they likely will be more informed about what to do and/or how much capital they might want to put into trading rather than just staying in a practice of investing.