Well said.
This bores down to the investor own unique financial bearing... which affects his profitability and portfolio.
Withdrawal doesn't obstruct portfolio building, withdrawal is about taking profits made, if the investor have realised a substantial gain or % rise in his portfolio, he can decide to sell wether in a favourable or unfavorable market condition As far as it aligns with his plan, decision.
An investor, invests because he wants return, the return made is subjective to the investors choice, not necessarily a particular "selling strategy".
You sound lost Bravut. Of course withdrawing bitcoin is the same as selling, so if guys are taking too much profits too soon, then they surely could end up screwing up their bitcoin portfolio building and never making any progress in regards to really getting their BTC holdings up to a high enough level to really profit from being in t bitcoin.
Just think of the various guys who bought bitocin around $500 or $1k and they took profits several times along the way, and they maybe even took 20x profits or more (let's say around $20k or at various other places along the way, and then now they might have little to no bitcoin and they cannot buy back their bitcoin, and right now the price is over $80k and they are low coiners or even no coiners waiting for the BTC price to drop, and it may well not drop enough, so instead of having 30-50 BTC, they got their profits and they spent their money, and maybe they have 1 or 2 BTC, but they do not have enough money to buy back even 25% of the coins that they sold..
There are all kinds of guys who have historically engaged in such practices that resulted in their selling way too much of their bitcoin too soon, all in the name of "profit-taking" and their belief that they were doing the right thing by taking profits, but then they sold most if not all of their coins all the way up and they felt like they were making good profits at various points along the way, and they even considered that they might be able to buy back cheaper, but they did not .
So then perhaps they did not have any coins left after the BTC price reached certain levels, and they wished that they had not sold so many of their coins so early in the process and they wished that they would have had hung onto more of their bitcoin, perhaps even 10-20 of their bitcoin, but they did not and they end up having fractions of a coin, and sure maybe they have 1 BTC and maybe they don't even have that much BTC.. because they failed/refused to stay focused on either accumulating more BTC or at least making sure that they continued to have enough BTC.. even if it might have had been a floor amount that they did not let their holdings go below such floor amount, which even 10-20 BTC would seem like a good thing right now for the guy who has less than a whole coin becuase of his desires to ongoingly take profits and to buy himself "nice things" because he deserved it..
I think this is the standard care for someone not understanding the concept of opportunity cost very well. Whether I am in profit or not does not matter too much when I understand what I invested in and conclude that the upside potential is still outweighing the short term financial gain from divesting.
The funny part about bitcoin is that it has proven wrong those who thought the upside potential would not outweigh their short term financial gain or their desire for short term pleasure anymore. We are now in a similar environment when bitcoin goes a bit up and down, people begin feeling unsure about their position and they question the upside potential while also changing the premises based on which they once decided to invest.
Opportunity cost has been tremendous and even worse so for those who sold their bitcoin and bought something like a car that suffers from depreciation, which means they sell an asset with upside potential to then buy an asset that loses in value over time. If someone buys a house and rents it out, then so be it if economic circumstances led them to think that decision would be best for them personally. But so far I am not sure there was a situation when bitcoin was high and real estate was low. Real estate prices went through the roof when bitcoin went through the roof because of that low interest rate environment.
Ultimately it doesn't matter what other people do as long as they are not one of these trolls on social media advising everyone to do the same as they do. Some people made life-changing money and that is good for them if they are in peace with their decision, but the majority of people I talk to share the same problem, sold too early and reget it and they could have decided otherwise. Some have to sell as special circumstances can occur beyond what someone's risk assessment was at first, but that doesn't apply to the maority.
Risk taking capacity has huge impact though and that is why the rich get richer. They don't have the same thoughts when their bitcoin investment went up 100x as someone who has less risk taking capacity and feels bad about holdig because of fearing to lose it when simultaneously that person believes in the investment to increase in price further.