Cashing out 50% or 25% of our Bitcoin investment anytime the price of Bitcoin appreciate is not a nice strategy most especially for low coiners and investors that haven't gotten to over accumulation stage because their portfolio won't look good even though they are taking profit because the investment will be in a stagnation point somehow.
Holding a long time is key to get massive profit for your Bitcoin portfolio with years and two, three market cycles. Surely if possible, holding your bitcoin for more than 3 cycles would be so great.
It's not bad to cash out (take profit) with 25% or 50% of your Bitcoin investment portfolio, if you already have x2, x4 your initial capital. I say this is good strategy for new investors, because by taking profit 25% or 50% of investment portfolio, they can take their initial investment capital back, and keep it safe. They can be flexible with % for taking profit with this purpose, like if their portfolio is x2, they can take profit 50%; if their portfolio is x4, they can take profit 25%; and if their portfolio is x5, they can take profit 20% and so on.
Remember that after taking initial capital back, they can feel very safely and comfortable with investment. They can work, get money, and use it for DCA in future, it's another way to accumulate more bitcoin.
This strategy is meaningful for new investors who bet most of money for Bitcoin investment, and don't have fund for emergency. Taking initial capital back, and use it as emergency fund after their finance was improved is very good strategy.You are wrong to refer Bitcoin investment to be a bet, because it sounds misleading and kind of belittling Bitcoin investment to be a bet which is more like gambling, secondly it is wrong for anyone to use most of their money in to Bitcoin investment but rather it prefer will use whatever that is considered to be a discretionary income in investing which is not in any way to seen as most of our money but a left over or disposable money, it is wrong to take your initial capital for the purpose of an emergency funds.