If you follow this strategy, then you will never be able to make significant profits. Think about it, you would have bought Bitcoin for around 4k USD in March 2020. Then you would never have held it until 65k USD and maybe sold it at 10k. That would have been a nice profit, but only a small part of what would have been possible.
I always sell when everyone suddenly starts talking about Bitcoin and crypto (no matter if media or my neighbours). Then we have mostly reached the peak. That worked for me in 2017 as well as 2022.
I wish to try out what you have suggested. Would like to know your exerience which will help us. Kindly share how hard it was to just control yourself from selling when you knew your bucket was filled with a level of profit and were able to be patient till the crowd started talking about it?
You should have gone through mix of feelings and challenges when you saw the price was growing up. A fear might have been there what if the price drops and you loose the huge profit? Or you should have been calm and confident enough to hold it?