To be fair, there are several reasons not to sell your entire position. First the tax implications, depending on the state and whether long or short term gains, you can pay anywhere from 30-40% in taxes. Then you have to take into consideration that what if there is a shorter/more shallow correction and you wait too long and don't actually catch the bottom. For example you are waiting for 60 and it only goes too 90. Very possible if you are looking at a supercycle and with current inflation. A lot of mass adoption/inflation variables plus it is actually really hard to call tops and bottoms. Nobody who is honest gets both sides perfectly, the highs and lows are very short windows of time. If you have long term conviction this is going anywhere from 500k-10M, you are essentially trying to thread a needle, taking on massive risk, and the majority of people are nowhere skilled enough to actually come out ahead in the end, most likely they will have a large tax bill and less bitcoin. This market very rarely does what everyone is expecting. Nothing wrong with taking profits and rebalancing to other assets but can assure you most people will lose trying to time the market. Unless you are a very skilled trader who is committed to this full time most aren't going to have the skill and emotional discipline to make that work in their favor. Max pain is having a winning lottery ticket and screwing it up. Just my 2 cents.
