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In my own opinion, it makes no sense trading your Bitcoin for minimal gains, because constant tempering with your stash of Bitcoin might compel you to sell thinking that you can get it back at a lower price which might never be possible again.
Ok let take a look at those that sold their Bitcoin at $69k thinking that they can later buy back, now Bitcoin has gone up to $100k, do you think that Bitcoin will ever collapse to such level? No in my own opinion, so selling and buying back is not the ideal approach that can be used to build a generational wealth because you may miss the big spike in price if you don't have any significant stash at that moment that it happens, so selling and buying back is not ideal too me.

Definitely not, I don’t think those who sold at that price would be able to buy back now and I don’t think Bitcoin would be dropping to that extent $69k anytime soon or ever. It’s a matter of making peace with what price it is now and push yourself through buying at the existing price and have plans on how to manage it.

Have you checked the price of Bitcoin currently? Maybe not because Bitcoin is at 96k and we don't know what the price would be by tomorrow. No what what level the price of Bitcoin may be, it don't think this is the right time to ever think of selling because it doesn't make any sense trying to outsmart the market when it's obvious that orice is dumping to shoot up any moment from now, so as to take some greedy holders unaware. We are not far from 100k and since the beginning of this week, the price of Bitcoin has been ranging and it's not a good time to panic selling.

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The idea to sell and buy back complies with the buy low and sell high principle. It’s kind of hard to see that principle as useless or not to make sense. I take it for a strategy risk that individual traders or investors put themselves through. Perhaps not the best strategy given the unpredictable nature of Bitcoin but, it’s a strategy nonetheless.

The strategy of buy low and sell high principle would not make sense trying to outsmart the market at this time when we don't know the next move of Bitcoin. The best decision to take at this moment is to hold and keep holding till Bitcoin hit 150k. I have made similar mistakes in the past trying to sell part of my holding so I can cash out some profits before buying back. I was surprised to see the price of Bitcoin shooting up after few days of selling, thinking price will fall back so I can buy. The irony of holding is simple and we should not try to be greedy.

Are you suggesting that when the proce of Bitcoin reaches $150k that we should sell everything? This is not a good advice because some persons might be holding for several years and may not even care about selling. There also others using Bitcoin to save their money as a hedge against inflation.

You sound like someone heavily into trading instead of investing because what you have described now which is to buy low and sell high is the same as selling when you feel you have seen enough profits and this is simply trading.

Selling your Bitcoin simply because the price hits $150k is a trading mentality and not the kind of mind set an investor should have, if you are accumulating and holding Bitcoin as your retirement plan or if you have decided to accumulate and hold Bitcoin for 10 years or 20 years and just because Bitcoin hits $150k you decide to sell in other to take profit believe you me you will regret your actions in the future because you have scattered your big plan you have with Bitcoin because of the present profit you saw and you forgot the future profit now as time goes on and Bitcoin keeps growing bigger and better you will regret, as an investor let us always remember there are people who where consistent in accounting Bitcoin ever since Bitcoin was $1k and when Bitcoin grew to $10k some set of people sold and some are still holding till date, those who sold at $10k will wish they where still holding till date, is better you fulfill that big plans you have with Bitcoin to avoid regret and bitterness in the future.

There is nothing wrong for an investor who has hold bitcoin for 10-20 years when he decides to sell little part of his bitcoin holding as long as he is not selling all because he will definitely make some profit from it if he was able to accumulate enough Bitcoin through those years I don't think he will regret selling at that point, there are folks who has accumulated enough Bitcoin and has gotten to their accumulation stage may decide to sell and that doesn't make them to be a trader because they have been buying Bitcoin and hodling for long 10-20 is enough for one to sell if he/she decide as long as they are not selling all bitcoin.

I totally agree with you, 10-20 years is really a long mile of investment and buying consistently and holding this duration is not really easy and if any investor should buy and hold consistently to this years, there is every tendency and possibility that there return or profit is sure and certain because no matter the volatility of Bitcoin it can not correct or continue to be in a low state for this number of years, it will definitely appreciate very well and any investor who has attain this point selling will not be a bad option or idea but if someone must sell, let the money be used for something good because it took them years to achieve that and the reason why they shouldn't sell all is that, it will be very easy for them to start increasing their holding again.