Stay in HOLD or switch to DCA

[Hastror]

Hello everyone, I am coming back to crypto a bit after a year and a half of standby and by reopening my crypto wallet I realize I have 7k USDT on it .

 I decide to all-in in BTC and ETH just before the rise of this beginning of the year and I get away with a + 3k in a few days.

As I am too much/still psychological and that anyway I would not succeed ... I decided to place these 10k to make a hold account, here is my distribution:

 45% BTC
 40% ETH
 9.5% LTC
 5% BNB
 0.5% DOGE // no troll
 Rebalanced with Shrimpy.

In short, given that this portfolio was set up not long ago, the hold has only just started.  But for a few days now, many people have been waiting for a good BTC correction, so I can lost my profits.

I also decided a few days ago to get into DCA by investing $8k over one year (135 € / week) to minimize risks and invest quietly, all managed by a bot to take care of nothing. I can just forget that I have a DCA!

So here is my question:
According to you, your experience, your opinion -> should I stop my HOLD account and switch back to fiat to launch an 18k in DCA or then stay like that and not touch anything?
(Or maybe 50% of the hold that goes into DCA?)

If, moreover, you have an axis of improvement on my distribution of the hold, I am taker!  What if I do only DCA, do I go only BTC?

In short, I take all the criticisms, all the opinions, all the tips!

 Thanks for reading me and sorry for the mistakes, it's not my native language!

[jackg]

Did you say it's autorebablanced? Id scrap that tbh as it feels like you could make a loss of everything if only one of those coins keeps dumping hard?

I'd advise leaving you're stuff as it is if you're committed to dcaing and you think bitcoin is fundamentally bullish long term. If you don't then that's obviously different and I'd suggest just buying dips instead. The problem with a crash everyone expects is that it might come, but it might not. We could crash from 50k to 30k in a flash and get back up before you notice (if you don't want to actively monitor it). ..

[Sterbens]

So here is my question:
According to you, your experience, your opinion -> should I stop my HOLD account and switch back to fiat to launch an 18k in DCA or then stay like that and not touch anything?

I thought that in anticipation of a decline or increase in prices, 50:50 would be an alternative option if that's what I did. although this doesn't guarantee anything. The current correction that many say is waiting to take effect may just be a trap for us to sell mentally. Imagine if it was a trap that they deliberately set as HYPE, even though the price would go up even higher.
therefore I always divide 50:50, so I secure some, and the rest I hold.

[Karartma1]

Depends on what you value the most over the long run because, if you ask me, I would never have so many ethers. I've always suggested holding, at least, 80% btc and I don't like your picks. As I said too many ethers, the useless doge and then you have ltc that always never outperform btc.
If you want to have more fiat money rather than btc you may be fine but I believe everyone's goal should be more on stacking as many sats as possible. Good luck on your endeavour anyway!

[Tytanowy Janusz]

Did you say it's autorebablanced? Id scrap that tbh as it feels like you could make a loss of everything if only one of those coins keeps dumping hard?

Good point. @OP consider to add some safety parameters into autobalancer.

As we are currently during new bitcoin bubble i would rather suggest going with DCA but more like selling 5% weekly instead of buying (5% of what you have during sell day).

[Hastror]

Hello!
Thank you for your answers!

Some people have advised me to recover 50% of my HOLD portfolio and put it in DCA. I still hesitate... And put 5% in ALT too, like LINK for example...

Frankly I can't make up my mind, it's painful...

Regarding autobalancing, no, this is not in auto at the moment. I hesitated to put it on, but I don't think it's a good idea

[jackg]

Regarding autobalancing, no, this is not in auto at the moment. I hesitated to put it on, but I don't think it's a good idea

OK good, I hope I made the problem obvious about doing it automatically. If you buy new coins and want to use a balanced rate then fine but say with the current plans and 1 btc:

0.40btc are in btc
0.35btc is in eth
0.095 is in ltc
0.05 bnb
0.005 in doge

When rebalanced if eth drops by a half you'd get a full pot of: 0.825 that needs rebalancing
Then if eth drops again by a half you'd get: 0.7875

This considers no fee transfers and it's only done after a threshold of a half. Don't think eth can crash by a half? It's already done it (last year I think) !

(values used for educational purposes only - they seem accurate enough).

[Tytanowy Janusz]

And put 5% in ALT too, like LINK for example...

Link is overhyped defi project. Defi bubble is over and it has a lot of space to drop. Like 90% - 99%. Link for example is just an oracle worth $6.6 bilion . Can you imagine how much data should it process to generate profit that would justify that big MC? Etherum would burn much earlier. I suspect that currently there are not even so many companies interested in this technology, even if the link has achieved a monopoly. I suppose that link is worth like 50-100 mln $ (1% of its MC)

[bekti3]

Hello!
Thank you for your answers!

Some people have advised me to recover 50% of my HOLD portfolio and put it in DCA. I still hesitate... And put 5% in ALT too, like LINK for example...

Frankly I can't make up my mind, it's painful...

Regarding autobalancing, no, this is not in auto at the moment. I hesitated to put it on, but I don't think it's a good idea

better to focus on just one, bitcoin has more references that can guarantee, altcoin will only be bullish if bitcoin is stable. now you decide again, because procrastinating will only lose everything. start making decisions.

[ChrisPop]

Personally I don't believe altcoins will perform even close to Bitcoin. Look at Gold and the other precious metals or at blue chip companies vs the other (it's not the best example, but you get it). Most of the institutional money will flow into BTC. Breadcrumbs will probably fall to altcoins too, but not too many IMO and many of them will fade into the shade.

I've noticed you are using Shrimpy to balance your portfolio. If you're doing that means you're keeping your holdings on an exchange which is not a recommended practice. To be honest, if I were you I would simply liquidate the altcoins and put it all into the "honeybadger". Then DCA with some of my monthly income.  

This is NOT a financial advice, just my humble opinion. Treat it accordingly.

[Lordhermes]

Personally I don't believe altcoins will perform even close to Bitcoin.

No, alts are somewhat better, if you look closely the alts listed by OP, you can noticed those alts aren't bad enough, as they did some great during the few weeks bull run. Alts isn't a bad idea so if you can get a good significant quantity of alts while it pump that would be a great profit, which however I supported OP for dividing his capital into getting his portfolio.

[Myleschetty]

Personally I don't believe altcoins will perform even close to Bitcoin.

No, alts are somewhat better, if you look closely the alts listed by OP, you can noticed those alts aren't bad enough, as they did some great during the few weeks bull run. Alts isn't a bad idea so if you can get a good significant quantity of alts while it pump that would be a great profit, which however I supported OP for dividing his capital into getting his portfolio.

The altcoin listed by the OP aren't bad but they cant certainly perform close to the Bitcoin trend this year as said by Chris and since the market performed in a volatile direction the DCA which OP was told is a good movement.

[boyptc]

Keep your hold account and do DCA at the same time. Yes, you should only do DCA for bitcoin because that seems to be a better choice but that's just my opinion.

But if for you it's better to do it with alts, you're free to do it as it's your portfolio.

[iv4n]

I emptied some wallets at $40k...to be honest I sold at $20k first, I sold some after $30k! Every time I thought it can't go higher than this! Luckily it's $35k now, so I am thinking to buy some, the price can easily bounce back to $40k!

The problem with a crash everyone expects is that it might come, but it might not. We could crash from 50k to 30k in a flash and get back up before you notice (if you don't want to actively monitor it). ..

I think we can say the same about the price rise, sometimes everyone expects the price to rise, but it doesn't! Expectations in crypto are tricky! I didn't expect to see Bitcoin at $40k so soon!
What to expect now? Well I am not sure, but as I said I sold and with this drop I will buy some, if it bounces back I will have something to sell, if it continues dropping I will continue buying... I think we saw the top, now the question is where is the bottom? I have buying orders at $20k, but can it go back to $10k? Will we ever see Bitcoin at $10k again?