Our motivation to sell should not be driven by the profits we see in our investment, but the termination of our holding period. If we target profits only, then we are not much different from traders, rather you should be more focused on reaching your accumulation target and/or even attaining the status of over accumulation within our holding period. It is a very good practice to keep enlarging our portfolio regardless of market sentiments and movements since it enables us to remain focused and dedicated to our ongoing accumulation journey. When we have more than enough coins and the profits already compounded, it surely sounds like a better deal and by the end of our holding period (4-10 years or even more), we can choose to keep holding or if we are satisfied with our stash, we can initiate some sustainable withdrawal practices and gently begin to live off our bitcoin investments
I don't agree with you. Your response on this is very misleading too as there are some consequences if you focus your mind on selling when you reach your termination on long term holding the price may not be in favor at that moment as Bitcoin can fluctuate during that time. The market may be in a bear season which obviously it is experiencing some downturn.
After selling, you’ll need to decide what to do with the cash. Good long-term assets are rare. We know how difficult it is to find an asset like Bitcoin that is profitable in long-term. Selling because you have reach maturity date and without a better reason may leave you regretting later. If there is no good reason to sell don't sell yet.
Perhaps, even if the investor wishes to sell off(which I can't support, but yet anybody can do whatever they choose with their investment) he wouldn't be so foolish to sell off during the bear season after being into Bitcoin for a long time and knowing the trends.