Hey guys,

My wife and I have been investing in BTC since around the last ATH, so this coming halving is the first one we've experienced. As a result, we need to figure out a profit-taking strategy. I was hoping to get some input from the community here.

We currently have around 1.5 BTC, and our ultimate goal is to be able to use that to help us buy a house and be able to retire at some point. Nothing too crazy. I'm hoping this bull cycle we'll be able to at least get a decent down-payment on something, then maybe over the next cycle or two be able to pay it off.

Anyways, the strategy I'm considering is something like, when BTC crosses $100K CAD, (it's currently at $83K CAD) I plan on selling 0.01 BTC per week. Kind of like DCA but in reverse. Then possibly increasing that amount alongside BTC value, so if it crosses $125K, sell 0.0125 BTC per week, 0.015 per week at $150K, etc.

Since it's impossible to predict exactly what will happen to BTC price over the coming bull market, I'm hoping to get a decent return over the course of the cycle without completely selling all of our BTC. Then when it inevitably flips bearish again, start DCAing back in like we have been up to this point.

What do you guys think? Does that sound like a reasonable strategy? Is there anything else I need to consider?

Thanks  :-)

I started investing in BTC since the middle of last year, but for some reason it's always a rigamarole. A lot of financial institutions here make it difficult or impossible to buy BTC.

After finding out both my bank and credit card companies don't allow crypto purchases, I got a Mogo card (back when they'd give you satoshis for purchases).

I bought some crypto directly through that, but then found they won't allow me to transfer to my Ledger. I then tried buying with my Mogo to my ledger. That worked once but now it's getting declined, and their customer service is non-existent.

What do other Canadians use to buy BTC. Do you run into the same problems? Any suggestions?

So my wife and I started buying bitcoin a couple of months ago, and as of right now we're the proud owners of 0.4 of a bitcoin.

Since everything is so cheap right now, I want to invest some more of our savings before things pick up again.

Should we just be focusing on BTC, or would we be better off diversifying (maybe Etherium?).

We got into crypto in order to help us own a house and be able to be semi-retired within the next 10 years, if that helps.

So my wife and I decided to get into Bitcoin back in April; we bought our first satoshis right around the ATH only to see the price immediately plummet.

I'm really grateful to have found this forum when I did; if I hadn't I might've panicked like a lot of new investors and sold at a loss. Instead I've learned to accept whatever happens to the price of BTC. If the price goes up, that's fine, I can sell some and put it to one side and reinvest later. If the price goes down, that's fine, it means I can buy more sats on the cheap. I'm able to not mind what happens.

Now if only I could learn to apply that energy to other areas of my life...

Hey,

So I started buying bitcoin recently, using a mastercard for purchases. The first couple of times it worked fine, but I tried a couple times this week, both times my card got blocked and I had to call the card company to unblock it. I asked them to put a note on my account so this wouldn't happen in future, but they replied that their company doesn't allow the purchase of cryptocurrencies using their services.

Is this a common policy with credit card companies? I live in Canada, and I get the impression things are a bit behind here regarding bitcoin.

My other option is buying using bank transfer, but I'm wary of that (mostly because of the 2-3 day wait).