Is it really a big mistake to sell portion of your bitcoin and then rebuy back when the price has dip?
The reason why am asking this question is because with the right approach I think this can also be done and even help you get good value of bitcoin when the price dip but there are conditions that would prompt you to actually sell some fraction of your investment.
Let's say your investment has reached the amount of years (5+) you set for it and it's now time to sell with the motion of selling being tied to the fact that the upcoming season is probably going to be the bear market, isn't it going to be a good move to actually sell portion of your portfolio (not all) and then still continue with your steady buying and as you are running your normal DCA you are still active on the bear so that when the dip comes you can buy back with that sold amount from bitcoin portfolio so that your value of bitcoin is bigger and still go on and continue with your investment plans.
I still don't think it's a good idea to sell your Bitcoin with intention of buying them back later. Those who follow this strategy will only get few bucks of profit and they deny themselves from the real profit which Bitcoin gives in the long run.
We are not sure when bull and bear season will start and end. Even if you are accumulating Bitcoins for last 5 years there is no way you can ascertain that when bear season will be starting. Our first target must be to be gather enough Bitcoins and that requires considerable time. Once you have enough Bitcoins and you think you are getting enough profit then you might think of shorting some. But that will require at least 10 years.
I want to say that those who are using Bitcoin. Their first goal should be to plan for long-term Bitcoin. As the days go by, Bitcoin is increasing in popularity. Different countries are showing interest in buying Bitcoin and are stocking up Bitcoin with sufficient planning. They are waiting for something good ahead.