I believe you are correct, you could take the profits and put them into poor old Silver... but then you take a tax hit.
Or you could roll profits into alt coins... for potential outpacing of Bitcoin... but why.
You question what to put it in is stark, as there is really nothing better to hold... I purchased out of my C-Corp, so I couldtheorhetically take profits and offset the taxes for growth... but I can guarentee it is not growth like this.
So we all face this dilemma, but it could be worse I suppose, even dropping to 10k. My Plan is to live the HODL expression so nicely coined for such a question.
Thanks @kyusho and @jrcornel for your helpful comments. Since I never got into BTC as a trader, and do not now see an attractive place to relocate the cash that I had put at risk should I now take it off the table, my inclination is to just close my eyes and forget about what's going on with the price. After all, I had made my peace with losing 100% of this position if that should come to pass.
I like @jrcornel's notion of trading around a core position; but I have to say that if I was doing that in BTC these days I would probably have a heart attack around the issue as to whether I had made the right guess on timing each time I did something. I have bad memories about being always wrong on timing (or so it seemed) when I was an active trader of stock options.
The bottom line is that I suspect that on a big price crash, say back to the area of 9K, I would probably try to do what I did a few days ago and it was near 9K, and that is take some new money and add to my position.
It will interest you guys to know that at the time when I tried buying more a few days ago when it was near 9K I went over to an ATM, and there was a poignant message on the machine saying that the owner had closed down the service because the fees were too high the transaction backlog had become worrisome. If that's how he felt a few days ago, I imagine he must be happy today that he got out of the business!
We are certainly going to have to find another coin if we still want to be able to “send 5 cents to Africa”, which was the mantra about one of bitcoin’s key benefits years ago!