Well i would like to know that this not the time to sell rather we should focus more on continuous accumulation of bitcoin rather than merely getting profit out of dollar since dollar does dont store value
Well it is a personal choice. And it is your funds, you can do whatever pleases you. But and sell is always involved in the investment and trading. Assuming you bought as the rate of $16k and $20k and now it is $100k and after this period probably from next year it would go back to $30k or below. Who lose? Investment is all about calculation. Oh Yes bitcoin will definitely rise to $400k but if you sell it as the time of $100k and buy back at the time of $30k who make the profit? And when you rebuy, you can keep it for as long as you want until the price hit your target. But if this bull is not your target then you can still continue hodling it because it is your investment and you know what you are doing. Good luck for the investment.
Bitcoin investment is not all about investing during the bear market and sell during the bull run, how long will you keep on repeating this over and over again because of dollar gain and you forget that we are investing in bitcoin for long-term purpose which should be from at least 10-12 years and above. At the end when we are old, what will matter is how many bitcoin were you able to accumulate all through your accumulation phase because it is the size of your portfolio that will determine the profit in future when bitcoin price will reach 500k or more.
Don't forget that there's what we call the compounding effect of your portfolio, whereby your bitcoin investment will generate profits and that profit will be added to your portfolio and the new size of your portfolio will also generate more profits and so on. When you sell within a short time, you will miss all these benefits. If you sell your bitcoin and the price didn't dip to your expected price, it means that you will start waiting till bitcoin reaches 30k, what if bitcoin didn't reach 30k, it means that you have missed out and might not buy again because you have terminated your bitcoin investment and your expectations didn't come through.
It is easy to sell buy very hard to accumulate for long time, so why do you want to waste all the time that you have put together to build your portfolio by selling too soon because you are carried away with little profit. You bought bitcoin at 16k, and now you are expecting to buy at 30k which I don't know if it's possible. Don't you see that you are the one losing here because you will not be able to buy bitcoin at 16k again. It will be wise if you forget about selling and continue building your bitcoin portfolio for the future, so you will reap bountifully when you are old. Investment should also be there no matter how long it takes. Bitcoin is precious to sell now because it will be better in the future.
Selling to buy back means that you haven't reached your bitcoin goal and it's a wrong approach. However, if you have reached your bitcoin goal, and you feel that you have more than enough Bitcoin in your portfolio, it better you take profit once in a while in a way that it will not affect your bitcoin investment. If you sell all your investment to buy back and an unforseen circumstance comes around, you will use the money to solve that problem before the price of bitcoin dips to 30k as you hope.