People who are eager for quick and fast money are usually the ones who do this, they are short sighted and are not in the long game cos they lack patience. They are traders and it’s in their nature to want to make gains quickly, so I don’t want to say it’s all wrong move, so long as they’re making profits and their buybacks is always on a price lower than they sell. The problem is the risk is higher with this practice and you have to be looking at the price chart always (hourly, daily).
This practice is bad and should not be supported especially in a thread like here where there are many newbies and potential investors who are seeking information on how to go about Bitcoin investment the right way and not make mistakes. If we support people to sell at the sight of profits with the hope of buying them back, a lot of them will run into problems which will eventually cost them pain at the end of the day. Why should we support short term buy and sell when holding for long is the right way for better profits and more peace of mind. If we encourage more people to adopt the DCA method of accumulating Bitcoin and holding for long term like a decade and above, we will see more successful, rich and happy Bitcoin investors in the future. I think we should focus more on this than anything.