if you are saying that taking profit in bitcoin should be base on prices that means you are missing things up, because the last time I checked people who normally take profits base on price are mostly traders not investors who are holding for long term, as an investor profits taking are most base on time(long term holding)and price, because the longer you hold the more bitcoin price increase with time and you will be in massive profits, less take a break and look into the price history of bitcoin and imagine how profitable those who bought bitcoin back then, less say in 2015 and hold onto it till this year 2025.
You’re still saying the same and I repeat that using time to actually take profit doesn’t sit well as I said except you’re going for a very long term plan which is like for a retirement benefits. For example a potential retiree might invest into bitcoin for more 10 years and take profit after that period base on bitcoin history it will be in profit but for someone like a serial investor the best option to me can be using price target.
For example you intend to see your portfolio getting 10x profit I don’t think you can actually put a time on something like this, one can say in 10 years but there can be a probability that this can not be reached before then or it can actually get hit before then, so if there is variance in time should I take or not take profit when it triggers or doesn’t triggers?
For me the best is to set a price target like for example $200k if it triggers this year take the profit if not wait till another time it gets triggered