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What is the need of taking profits overtime? what will you be using the profits to do? those are the questions and projecting 20-30 years will depend on the age of the hodler and if they have also reach their target of accumulation. The only time i can consider to take profits from my investment is after i must have accumulated to my satisfaction and have made a lot of profits which i know that if a take the profits i will invest it on something productive but taking profits and still keep it in Fiats or some stablecoins will make no sense at all so before intending to take profits you should be able to have a concrete plan of what to do with the profits you have gotten from your investments.

Profit is taken either when it's needed or when the target is reached.
Other than that - surely, one should hodl more and stay happy doing so.

Talking about the bold words in your statement, honestly it's mostly traders that talks like this, you don't take profit from your holdings because you are in need, that's why source of income and an emergency funds are in place to sorts out your financial needs, your Bitcoin holdings is an asset you hold for a very long period of time in other to change your financial status for ever, not what you just hold and decide to withdraw because it's been needed to sort some financial needs, it's only traders and those that Normally sell their Bitcoin for minimal gains that thinks and speaks that way.

You are actually right but the all bold statement is not totally wrong, the only place that is wrong is when the person said profit is either taken when it is needed, that is totally wrong we are not investing in Bitcoin to take profit when it is needed and whenever you take profit from your wallet because of challenge or whatever it because trading because investment is always for some duration of time which could be 4,5 or 6 years and even more. However, anyone who has this mindset that profit is either taken when needed will never go far in his or her investment because the person will be so much dependent on the investment and you are right when you said it can be taken when the set target is reached but it is not advisable to take all your profit just because you feel you have gotten to the peak, you can decide to take some cent and enjoy yourself and use some for something that will generate more money.

Many people, probably moreso with poor people, tend to be too anxious to take profits and to fail/refuse to let their investment into bitcoin ride. Of course, people have to create and to maintain their systems and to figure out ways to balance their finances and their psychology so that they do not get sucked into a mistake of ending up cashing out too much too soon and perhaps cashing out (taking profits) for the wrong reasons (even though the reasons for cashing out some or all of their BTC might seem comfortable at the time that they end up making such choice, taking such action and cashing out too much too soon). They might not even realize for several years how much they had ended up fucking up by cashing out too many cornz too soon.

It’s true that most people, particularly those who are still struggling with their finances, at some point get pretty anxious about their investments and thereby would feel the need to cash out and take some profit from their investments. The idea could be that they may either lose everything if they don’t take their profits or maybe due the fact that they may have need for the money at that time.

But, just as you’ve rightly pointed out, cashing out pretty soon when it comes to Bitcoin investment is definitely a very bad choice, as it shows that the investor has absolutely no long term plans for their investment. Additionally, it could potentially lead to missing out on several significant long term benefits too. And even if they may think that it was the best idea to cash out at that point in time, they’ll probably look back to that decision years later, and they’ll definitely realize how big a mistake they made by selling or liquidating their holdings.

I believe there are investors who invested in Bitcoin way back in 2010 and decided to cash out the following year after making some profits, they cashed out thinking they’ve hit the jackpot, but if they had actually been patient enough to wait a few more years and maintained a long term approach, they would’ve made a lot more in the long run.

That’s the reason it’s extremely crucial for investors to develop a solid and strong long term strategy when investing in Bitcoin, and it doesn’t end there, they should also prioritize sticking to these plans, regardless of the challenges and temptations that hit them and may compel them to cashing out. It’s important to find a balance between being able to manage their finances and also managing their psychology too. Although this isn’t as easy as it sounds, but with the right approach and a good sense of discipline, it can be achieved.

The descriptions of the knowledge that is shared here has really compellede me to say that there is no other best community or place to learn about Bitcoin that can be more than Bitcointalk forum, I observed this while navigating the forum. with due deligent, and learning from the mistake of others a new investors can do more exploit in Bitcoin and I believe it has lots to do with taken good decision, decision will ehances discipline in all your dealings. There are several reasons why an investor will cashout too soon on seeing a profit which is very wrong.

1. Indecisiveness of truly understanding the potential Bitcoin holds.

2. Using money that is not meant to be used for investment.