One thing is guaranteed is that the 4year cycle plays out every time, so I don't think it's totally correct to say those buying Bitcoin are not patient enough, and it is not fair to consider everyone that sell their bag to be weak hands if their aim of selling ws to tke profit so they could buy back when the maket is dip because they understand the volatility, and the 4-year cycle.
Is the take profit kind of sell a good attribute of a good bitcoin investor? Absolutely note
Yes, and no.
Yes, in the sense if you have 2 different type of investment in Bitcoin which one is for long term while the second is for having the taste of your enthusiasm sometime some people mistake this set of investors as weak hands.
This is where taking profit comes from.
Especially when someone has not gotten to his accumulation target. Most weak hands are characterised by panic selling when they notice a price decline or a FOMO sale for the purpose of taking profit when there's any positive trend in bitcoin..
all these limits one from getting the full potential in bitcoin because you sell your bitcoin cheap and reduce your chances of making better things out of bitcoin.
Yes, they are weak hands because there's no point in panic selling BTC when the drawdown is temporary, since BTC always comes back strong.
Bitcoin shouldn't be seen all for profit reasons, if you go into bitcoin only for the sake of profit, that's when you will constantly have this take profit mindset. But when you consider other good aspects of bitcoin like as a store of value, you won't want to sell off something as valuable as bitcoin simply because the price shows green and you think you can sell to take profit.
Let's be sincere. Which Bitcoiners didn't join the space for profit's sake?
There's nothing bad in joining for profit's sake, but we must cherish the technology that keeps it alive, and also consider other unique aspects of it.
If you also believe in the 4 year cycle, you will understand that the longer you HODL the better, going through several cycles increases your chances of making good profit instead of trade your bitcoin which could later expose you to losses.
Believing in the 4 year and the futuristic benefit of BTC is the reason i believe we should always go for the 2 model of investment in BTC, which i stated above.