This is also what I have done and what I plan on doing continuously. I think waiting for 2 circles is quite too long for me. I have already waited a lot for one circle, I would want to reap my rewards and do something productive or profitable with the money I will earn from the profits from the bull run.

I know a lot of persons would say that the longer you wait the more profits you get which is true but it's no easy job to hold that long especially when you know the ROI have increased significantly so I would say selling 50% in one circle and leave 50% to continue staking up and the reason being personal in the fact that seeing my portfolio all empty would really make my savings impossible again and plus no ever would ever know the actual Dip or bull limit.

The first option is the less risky option and for anyone not looking to risk or play the pump and the dump game it is better they stick to it, the number two option is the most profitable if the trend follow the predicted pattern base on the historical chart but it is the most risky of the three options. Reason been that even though history shows that there is a dump after every bull run there is certainly no guarantee that it will work out all the time, imagine selling bitcoin at $100k and the price pumps above it and never get to that point again or even below it then it is more like a loss, even though it is not looking realistic there is still an option of it happening.

The third option is just simply playing the safe hands which balances both the first and the second option and I’m
Terms of doubt is the better option but will recommend holding all to eliminate any possible risk, although if you can play the game well selling high and buying low is the best strategy

This strategy is definitely attractive because it can boost profits while keeping things simple. It’s a different game compared to HODLing, which usually requires patience for years. Bull runs, on the other hand, happen in shorter intervals, so you need to be more proactive.

Awareness, this is what we need.. recognizing that the market moves in cycles and taking advantage of those patterns. It’s a repetitive strategy, but as long as you stay tuned to the market’s behavior, you can maximize opportunities without overcomplicating things.

take at look at this data, it might be helpful.

https://www.techopedia.com/crypto-bull-run-history.

It's not a bad option when doing option 2 and also option 3. Why?, if you did the option 3 and did get the capital that you spend then leaving the profit or a portion for the next circle won't be a good choice to make since you already earned a profit and got your capital back so it won't be a loss in that case. Selling all of the profit to DCA is also a good choice I think since you only spend the profit that you have gained this bull season.

I think having a continuous approach in buying is obviously the most profitable strategy for 8 years. But all are not in the same place.

So, the very basic call is to get into Bitcoin while in the bear market. Sleep and wait until it matures during the next cycle of bull run.

It sounds hard to do so but when you're used to it, you're printing cash for yourself every 4 years with consistency.

I would not rely too much on the cycles. I'm in a minority position here in the forum with this opinion, but you should at least consider the possibility that Bitcoin's price doesn't follow the patterns of earlier years.

At least my stance is that there is no hard rule that the cycles will last around four years.

Reasons for this opinion:

1) there were only two complete 4 year cycles (2013-17 and 2017-21), but before those, Bitcoin had a quite clear 2-year cycle (2011-13). 2:1 is a quite thin evidence. If the top of the current cycle happens to be in 2025 (we don't know it) then of course we might have better evidence but still the options "2024 top" and "top after 2025" are still on the table.
2) there were intermediate bull runs in 2019 and 2013 which were almost as strong as one of the "canonical" bull markets, i.e. the price at least made a x4 and then fell again by more than 70%:
  In 2019
3) Miners are not too relevant as Bitcoin sellers (only 0,1-0,3% of the daily BTC sell volume is miner driven) so the popular "post-halving pump theory" is also quite weak, demand fluctuations almost for sure are more important.
4) The current bullish movement "looks" like "from the books of the 4-year cycle theory", but is primarily news-driven (US election).

So if your three options are the only ones you would consider, then I would favour option 3. However the DCA strategy mentioned by others is even better.

And my recommendation is to take note of the "attention economy" surrounding Bitcoin. There are clearly phases with positive sentiment (like now, but also during the second half of 2023 and the first 3 months of 2024), and other ones with negative sentiment. It's best to buy when everybody is thinking Bitcoin is dead while the other indicators are okay, i.e. if the price is low despite of no fundamental reasons for a Bitcoin crash.

A quite interesting strategy is also this one to improve on the DCA strategy.

All of these options can of course fail. Thus this is no investment advice.

4. Buy and hoard BTC, sell X0% during a bull run and hoard remaining. then use the received fiat to buy at the correction to increase hoard
#buy-low-sell-high-repeat
#dont-sell-all-hoard

..
no one can know the true max a market can peak at nor the true correction new bottom
so instead of picking a number and selling all 50% you can try selling 30% at your picked number. and if the price then continues to go up you can sell another 10-20%.. and the same in reverse during the correction.

EG
if you plan to sell 50% at $150k, try 30% and then set a option to sell 1% per $7k rise. meaning if it gets to $220k you sold 40% in total. if it reached $290k you sold 50% and maximised opportunity whilst still only selling 50% and sticking to the never sell all hoard rule

then if you think the $150k-$290k would then correct down to $80k buy 30% at $80k but then have a 1% buy at every $1k amount below $80k, so if it corrected down to $60k you would have used all that fiat to buy more coin than pre-sell

I prefer the second method to maximize profit but we don't know until when BTC gonna consistently have cyclical period like this where there's bullish season and there's bearish season.
once adoption grows large I expect such thing to be a lot more irrelevant and BTC will just be up only with occasional small retracement but nothing meaningful to be considered as bearish.

but yeah, seeing the price action so far I think 2nd method yields larger result but one thing you need to consider is you may find it difficult to find bottom and tops. therefore you can pretty well selling when BTC can still go up more than double and buying when it can still go down.