We are just getting started with the rising price of bitcoin and às an optimistic fellow I see a possible new ATH in the month of August. Am guessing a lot of those who out of market fud panic sold their bitcoin when the price felll dip below $60k would be in regret by now that the price has bounced back at almost $70k. There are always two different sets of individuals in  turbulence time's in the market, those who see opportunity and those who see problem with the market. It's only those who see opportunity like you that continued with their DCA strategy accumulating more portfolio before the price would surge back high because the investment plan is one of a long term for the bull run.

I doubt that we are talking about taking profits in this thread, since that seems to be a trading idea.. and we are largely focusing on best practices when it comes to both accumulation and investing.

Surely, once we reach a stage of over accumulation and sustainable withdrawal, that could be referred to as "taking profits" even though the term "taking profits" does not seem right, and it seems incorrect, also in the way that you are using it to suggest that you are selling your bitcoin in order to buy back cheaper.. which is also not really what we are talking about or doing here.. yet anyone can do what they want, yet when it comes to the topic of this thread, we are not talking about that way of managing our bitcoin holdings.  In other words, you do not tend to employ a strategy to sell bitcoin in order to accumulate more bitcoin, yet once you have over accumulated, then you have more abilities to sell BTC on the way up, but it is not for the purpose of buying cheaper, even if you might end up using some or all of the sales from any proceeds to buy bitcoin when the BTC price drops.. but you still gotta get there first.. so "taking profits" does not seem like a good way of describing what we are doing here or the long term investing and BTC accumulation topic that we are attempting to focus upon in this thread and part of the reason that this thread is so valuable is partly based on the various ways that many of us attempt to differentiate investment from trading and what kinds of philosophies and practices follow from being able to both understand the difference between investing and trading and to attempt to act in accordance with a investing approach to BTC rather than employing or mixing investing up with a trading approach to BTC..

Exactly, and this is where most persons get it wrong selling their Bitcoin because of the little profit they have earned and hoping to buy back at a cheaper price or rate that is more like throwing your bucket of water away because the sky looks like it will rain and what if it doesn't rain lol... though it actually do work for some people at times... That is to say it's very rare. What is the need of selling Bitcoin when someone knows he/she doesn't have enough of it, I know emergency is one of the factors that initiate this act..., We shouldn't allow this " Buy the Dip" to confuse us reason because Bitcoin will/may never Dip to where you expect it before you buy that is why it's advisable to use the DCA method instead of waiting for Bitcoin to Dip before buying, we should take advantage of every opportunity we have because it's definitely going to worth it with time and the tools we need to carry out this properly is patient and discipline.

It can never be assumed that once the value of Bitcoin falls, the value of Bitcoin will not rise from there. We all have enough knowledge about the Bitcoin market and we have been knowing about the Bitcoin market for quite some time so we only need to have a tendency to take risks. What we are always nervous about is that we don't trust to invest when the price goes up because then we might think that the market has gone up a lot and the market will dump a lot again from that uptick. Again when the market does a lot of dumping then we think that maybe the market has collapsed and the market will only go down from this situation periodically. We miss many investment opportunities because of these two ideas. But to prove ourselves as an investor, we must accept all these risks and invest. If we always hold back due to the fear of loss then the right time to invest will never come to us. We have to time our investment at the right time only then we will be successful in investing

Investing in the Dollar cost averaging (DCA) method does not require us to worry about the Bitcoin market pumping and dumping. Because if we continue our investment using this suggested strategy then we may be willing to buy and deposit bitcoins at that fixed price regardless of the price of bitcoins in the market. This method is especially useful for those who cannot afford to buy a large amount of bitcoins at once but are willing to invest in bitcoins. Only they can invest in this method and buy bitcoins in small amounts and hold it according to their specific goals.

The advantage of investing in the DCA method is that your average cost will remain the same every time you purchase bitcoins for investment. That is even if the market price of Bitcoin increases even if the price of Bitcoin in the market is low. Currently, most crypto investors are using DCA to grow their investment portfolio by buying and depositing small amounts of Bitcoin on a weekly, monthly or quarterly basis.

The DCA is not a regular method of buying Bitcoins because remember there are also rich investors that would love to go an all in by lump summing. For example, a rich investor may decide to come in to the market when the price was $56k and made a lump summing amount of $200k and Hodl for 10 years, then for someone who wants to invest using the DCA and they also start DCAing with $100k weekly when the price was same $56k. Now in 10 years time the person using the DCA will only own Bitcoins worth $48k which is just about one quarter the amount of what the person that did lump summing and let's assume that the price didn't DIP less than the amount it was when they both started their investments. So in this case the person that did lump summing is still at advantage and will make more profits than the person that used the DCA method to accumulate for 10 years. I just want you to understand that the DCA is a good strategy for everyone to get involved in the accumulating process but it doesn't mean that everyone should use same strategy.
       If one's portfolio has grown so big doesn't mean they should sell all their Bitcoins even if they have spent a long time to own such a huge portfolio, they can decide to sell part of it and not all and it also depends the price of Bitcoin at that time and if they have also met their investment targets before they consider if to sell or not but saying that if they have gotten a huge portfolio they can sell their Bitcoins doesn't sound right to me.

Is it truly now possible that we won't be seeing any large DIPs anymore after Trump's announcement of a Strategic Bitcoin Reserve? Because why would individuals and institutions sell their Bitcoin with the knowledge that there's a probable race between nations in Bitcoin accumulation. One nation like China WON'T allow itself to be behind the United States in participating in this technological marvel. Russia, because of Bitcoin's properties and in their current situation, will need to buy it as well, and better buy it while it's in five digits.

Perhaps the "Bitcoin Race" will start on 2025, no? There's no need to wait to buy the DIP anymore if that's true. It's DCA and front-run everyone!

Such a great point! The idea of selling when in the accumulation phase can lead to a nearly 100% failure rate in the long run. Unless an investor is in Bitcoin for the little profits every day to take care of needs, who would possibly do that, is it not crazy? In the long run, holding Bitcoin means no trading of bitcoin, no timing the market for dips or highs which in general means no selling until there has been enough accumulation for sustainable withdrawals.

Buying on dips or peaks through DCA is not the worst thing an investor would do rather selling and trading in dips or peaks is a bad decision. The fat is that the increasing value of Bitcoin increases in the log run. So no selling, no trading, no tampering just HODL. 

for now, we can't legitimately tell if Trump is just making the usual political promise which is a probable statement untill the election has come and gone and we see him matching his words with action. The planned strategic reserve will have two implications, one is that curent HODLer will get encouraged to keep holding while the second implication is that intending adoptors will become more encouraged to adopt Bitcoin usage in Thier institution or firm. These are all indices that are anti DIP that have all it takes to lead Bitcoin to becoming more bullish and not experiencing any form of correction for a long time to come.

Just Like what we've been seeing now, corrections are very much a part of bitcoins volatile property and although if we look at the current Bitcoin price with respect to 3,2 or one year ago, we can easily see that it's been bullish all along with some minor corrections.

if we the US adopt Bitcoin as her reserve after the election,  China and Russia will definitely have a rethink on thier stand on Bitcoin adoption and usage since they obviously get easily triggered by whatever action the US takes. Somehow, it's likely that most of these super powers are waiting for who will be strong enough to make the bold decision of full scale adoption and usage and that's what Trump has seen and plans to way into the vacume early enough and come on really big and if he's able to take that bold step, it's surely helping to surge Bitcoin up to the moon.

this is purely the advantage of the DCA. you get to watch all event playing out while you're still accumilating your BTC.