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.
Yes i agree with you, if Everyone’s strategy is shaped by their goals and risk tolerance.
DCA really takes the emotion out of investing, which is crucial in a volatile market like crypto.
No, I think otherwise though, the DCA accumulating strategy is a strategy meant to make accumulation of Bitcoin easier, but taking emotions out of your investment is not the role of a DCA, what should be done that takes emotions out of your Bitcoin investment is by investing with an amount you can afford to lose, when you invest with your discretionary income you wouldn't think of committing suicide if your investment didn't goes as planned, that's why it is always advisable to invest only what you can afford to lose, because by doing so, it makes you less emotional towards your investment.
Whether someone holds or takes profit along the way, what matters is sticking to a real plan that makes sense for them.
No, you can't just do anything you like while investing in Bitcoin and be expecting to be successful in it because you feels like it makes sense to you, no.
Taking profit when you are still in your accumulation stage is like a trader selling for minimal gains, you are not different from them, so if you are doing that, you better stop it because that's not the best way to accumulate a huge stash of Bitcoin fast.