When you are just getting started, you likely are forced to buy at any price.. perhaps for a whole cycle, and maybe even for two cycles.
When you are just getting started, you might not really know if the price is rising or falling, so if you don't have any coin, then the ONLY way to prepare for UP is to buy some coin. If you don't have any (or many) then you may well not be adequately prepared for up.
Long term HODLers (and BTC investors) might not preoccupy themselves with "taking profits," since that surely comes off as a trading term, yet if someone is bitcoin for a long then, his BTC portfolio has decently good chances of being in profits, and he ends up having more options in terms of selling, yet it can take 4-10 years or longer just to build up a decently sized bitcoin portfolio, so if someone is building his BTC portfolio, it may be best in his interest to just keep building up his BTC portfolio, whether he perceives the BTC prices to be going up or going down, and then perhaps after 4-10 years or longer reassess in terms of where he is at, whether he might want to change any of his strategies, and/or whether he might want to start to sell some of his bitcoin - which I would not consider to be taking profits, since why the fuck would someone want to spend 4-10 years or longer building up a BTC holdings and then to sell to either consume all of it or to get into some inferior investment?
For beginners of course they don't have to think about the price when doing it for the first time because if the idea is implemented for the long term of course they will buy every time with DCA. If beginners measure profits quickly I think they don't understand how to invest properly because investing in bitcoin takes time to achieve satisfaction, either profit or satisfaction with Bitcoin ownership.
Indeed, there are some crazy ideas that are implemented by beginners because they want to have bitcoin quickly so that lump sum purchases become their idea. Although that is a fairly appropriate step, but if for the long term maybe it can be bought gradually because I noticed many good moments that can be utilized such as down 10%, down 8% and down 20%. So that opportunity can be used to buy aggressively.
I think that beginners will sometimes want to front-load their investment into bitcoin, and they can front load with a variety of tactics including DCA, lump sum and buying on dips, so there is not just one strategy, and surely anyone who has decent cashflow will have more options... and yeah a cashflow that potentially provides quite a bit of discretionary income too.
Otherwise, folks who do not have a lot of discretionary income are going to be more limited in the ways that they might be able to front load their investment, so perhaps the most that they can do is to invest 100% of their disposable income, yet i would not recommend investing 100% of disposable income unless there are various kinds of emergency funds and reserve funds available, since even the most standard and simple of budgets are likely to have some variability in terms of cash coming in and mostly non-discretionary expenses.
It’s true that Newbies in the space are often very eager to dive into building their Bitcoin portfolio and some of them often prioritize front loading using any of the strategies mentioned; in some cases, a few even attempt to combine the strategies when they feel the situations calls for it. However, it’s always very important to realize that investors who has a stable income source that produces a steady inflow of case often possess more flexibility in their accumulation approach.
While also on the other hand, those investors who often have limited discretionary income often encounter more difficulties in their accumulation journey. This is because they need to prioritize maintaining financial stability by only investing just a small portion of their disposable income, except of course they’ve made provisions for a solid financial back up, like the emergency funds and reserve funds, then it can be a safer to be a little bit aggressive in their Bitcoin accumulation.
The reason for this cautious approach is because one can never be too careful and no matter how straight and carefully thought out your budgets are, they’re are not completely immune to variability as certain changes can occur at anytime and if one isn’t prepared, it could cause a severe disruption in one’s financial plans and budgets, Hence the advantages of making availability for a safety net before closing to be aggressive in one’s Bitcoin accumulation process.
Your approach and analysis teaches and shows just how important it is to at all time put into consideration one’s financial position and circumstances and using it to come up with a more suitable accumulation strategy, rather than adopting someone else’s approach and strategies simply because you see it’s effective, without first considering whether or not you share the same financial circumstances with the person.