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.
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.
This kind of withdrawal strategy isn't sustainable, Even in overaccumulation stage, for example, if you successfully accumulate 20 BTC while your target was 18, which can be termed overaccumulation and you end up withdrawing 10BTC at once, you can see that you shaved off a lot and if you continue with that pattern, your BTC would be depleted so soon and you might turn a low coiner or even a no coiner sooner and may not live off your investment for a long time since your withdrawal method was not sustainable
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.
I say this is a bad strategy, why the rush? did you accumulate a good quantity of BTC only to deplete it sooner? Such acts suggests you lost faith in BTC already. If you are not yet in overaccumulation phase and you're doing this, then you are just focused on short-term gains and can well be described as a trader
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.
Very bad strategy, why would you take capital back only to DCA in the future? Why would want to prey on your investment in order to buy back the same investment? this is a very lame strategy. It is better to leave your investment unaltered so your profits can compound rather than tampering it in order to sustain it, sounds more like trading to me. Furthermore if you invested into bitcoin with your discretionary income as stipulated, you would not be bothered about taking back initial capital, but would be more focused on increasing your portfolio with commitment and getting closer to your accumulation target.