If our investment doubles before our time limit ends, we can withdraw some money from our investment and enjoy it. But even if our time limit ends, selling our entire holdings would not be the right decision. Because I think the price of Bitcoin is still in its infancy. The price of Bitcoin can increase a lot in the future. So if you sell your entire holdings because your time limit has expired, you may regret it later. So it would be best to withdraw the amount you need and keep the rest of the holdings.
I don't know if this your idea of taking profits before reaching your bitcoin goal because you see that your bitcoin portfolio has doubled. If you take profits, it will affect the growth of your portfolio to a better height compared to when you didn't take profit. Imagine that profits that you took will depreciates your portfolio and the profits should have generated more profits overtime.
If you start taking profits because your bitcoin portfolio has doubled from the initial amount that you put in, it can be tempting and before you know it, you might take profits again the second time killing your long-term accumulation goal and will delay you from reaching your bitcoin target. Let's not be profit cautious but focus on reaching our bitcoin goal since the profit is still there.
Once we start withdrawing early, it will automatically reduce our chances of reaching our set target and goals and also slowdown the growth of our portfolio. Early withdrawals.is like a time.ticking bomb to our bitcoin longterm goals. I believe what is best for everyone of us is to focus on our end goal, which should be more important than taking early and quick profits simply because we got our portfolio doubled in a short period of time expected does not mean we should start withdrawimg from our profits already.
I see a great potential in HODLing my bitcoin for a long period of time regardless of how good or bad the investments perform, because of the nature of bitcoin which can make you as many money as possible once it rises in its value. I am not equally against those who take small money from their profits, but let the reason be utterly justified. i.e based on life threatening needs etc. The reason why we should avoid touching our profits regardless of how good our investments are performing is it will end up becoming an attitude used to it and liquidating your portfolio without achieving your aims.
In our journey of life, we may face any kind of loss, be it illness or otherwise, it is normal, but it is very important to create an emergency fund to deal with this calamity. If you have a job or a business from which you can earn and with that money you can meet the needs of your family and with the remaining money you can invest in an emergency fund and Bitcoin, no matter how small your investment is, an emergency fund will keep your life safe and secure so that your long-term journey does not stop even in times of danger. Again, the DCA strategy is going to be great for you because through it you can keep investing regularly or weekly, in this way if you keep investing for a long time which means investing for 4-5 years you will get big profits, but there is no guarantee of it but if we consider from history then Bitcoin brings high profits in the long run which we can never deny, an emergency fund will provide protection in case of sudden need, on the other hand, by investing in Bitcoin for the long term, you will also be a beneficiary and it will bring great security in your retirement life.