Bitcoin - take profits or continue to DCA?

[JamesDaniel90]

I first started investing in Bitcoin after the June crash last year.

I had accumulated 0.07 Bitcoin before we started pumping a few weeks ago and have since sold 0.02 which currently leaves me with 0.05.

I decided to sell and put the profits into other altcoins I believe will see greater gains in the next bull run.

I am not sure if I should continue selling my Bitcoin the more we pump or if I should start to DCA again.

My thinking behind selling is although I got in at a good price (my current average buy is £15k), that it is only a 6x from £100k which is the expected amount Bitcoin will reach next bull run.

A 6x is good if you have thousands of pounds to invest , but I do not.

I want 20x gains and feel this is more realistic in top altcoins that are currently 80-90% down.

Is anyone taking profits or are most of us just DCA?

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[Z-tight]

I decided to sell and put the profits into other altcoins I believe will see greater gains in the next bull run.

It is your money, but i would call it a bad choice, having BTC and buying altcoins isn't diversification at all, i believe a better thing to do would have been to invest your profits in other assets. Even if you believe altcoins would see greater gains in the next bull run, how do you know which one of the thousands out there that will.

My thinking behind selling is although I got in at a good price (my current average buy is £15k), that it is only a 6x from £100k which is the expected amount Bitcoin will reach next bull run.

Nobody knows the exact amount BTC will reach by the next bull run.

I want 20x gains and feel this is more realistic in top altcoins that are currently 80-90% down.

While investing it is good to set realistic targets and not try to be greedy with the gains you want, it is much better to be certain of 6x gains, than to look for 20x and invest in coins that will swallow up your money and leave you with nothing.

[bittraffic]

We are still in the early days, it's not even 2024 yet in time for having but the price is already going up. Although there may be a correction soon, you may want to wait for it.

There may be some who are talking profits and then wait for a dip and then buy back, it takes skills to do it but doable. Continue DCA that's what many of us will say. We will see prices beating the last ATH.

[tbct_mt2]

Depends on where you entered and how long you think you can hold your Bitcoin.

If you bought it around $15,000 or $16,000 I actually think $23,000 or $24,000 is a very good price to take profit. Bitfoin can rise more to $28,000 or even to $30,000 but it is a kind of greedy gambling.

If you are greedy to wait for $30,000 to take profit, you must accept that you can waste a chance to take profit about $24,000 if Bitcoin stops there and starts its correction. You must accept that if you miss it, you will have to wait a few months that maybe till 2024 to have chance to take profit about $30,000.

But in 2024, $30,000 is not its highest price surely and you will waste another chance by taking profit too early.

First time, in 2023, wasting chance to take profit because of too greedy.
Second time, in 2024, wasting profit by taking profit too early.

[jackg]

Are you DCAing with too much? If you're DCAing with so much every month that it's becoming noticeable and something you feel like you have to keep actively manage, you should probably consider reducing the amount you put in (if it's an affordable amount you're DCAing with, why are you so concerned and why can't you do another smaller one in altcoins)?

Are you staking those altcoins too? A lot of places where you can stake/obtain yield from the coins that are down are offering very high yields (I've seen 60% on SOL) it looks like you're taking quite a big risk if you're not looking to stake but are wanting to invest in those coins - and if that comes as news to you, you probably shouldn't be investing in things without doing full research of them.

[OgNasty]

I think it really depends on your situation and your timeframe for your investment.  Obviously the way to play it is to DCA at the lows and sell the highs.  If you like doing taxes you might do this weekly, or daily, who knows.  I think the way to do it though is to play the 4-year cycle.  Buy continuously except for on years where the market is expected to peak.  For example, buy in 2009-2012 then sell in 2013.  Buy in 2014-2016 then sell in 2017.  Buy in 2018-2020 and sell in 2021.  Buy in 2022-2024 and sell in 2025.  You see how this goes?  If you followed that extremely simplified approach to investing in Bitcoin you would probably be insanely rich right now with even the smallest regular DCA plan.

[Dunamisx]

I decided to sell and put the profits into other altcoins I believe will see greater gains in the next bull run.

That is if the alts you invested on has not bursted it's bubbles before the intended bullrun arrived, but it i were you, i will rather keep to accumulating bitcoin by returning the profits realized back to buy more with my DCA pattern, altcoins cannot be regarded as an investment assets to me.

I am not sure if I should continue selling my Bitcoin the more we pump or if I should start to DCA again.

Why do you have to sell? Except you're in need of money i will advise you continue with your DCA purchasing pattern of buying bitcoin, expect bitcoin bullrun coming soon and hodl down your asset till then.

My thinking behind selling is although I got in at a good price (my current average buy is £15k), that it is only a 6x from £100k which is the expected amount Bitcoin will reach next bull run.

But don't you think you could make more of that only if you can hodl and exercise patience for the next bullrun to come so you can have a blasting reward then.

[tjtonmoy]

Is anyone taking profits or are most of us just DCA?

People mostly are doing DCA on this current market situation. It is not certain what will happen next. Many saying it's an indication towards the nest bull run, and others are saying that it's a bull trap. As we are seeing pump on the market right now, it will take correction in some point. So DCA will prevent from huge loss.
One last thing about investing on alts. They may not bounce back up like BTC in the bull run. So it is safe to avoid those shitcoins. Focus only on Bitcoin.

[Osama Maaz]

If you belive on your knowledge then do whatever your mind says because in crypto no one is 100% predict the market , i says keep all of your 0.05 Bitcoins that you have as an stable investment and invest other money 0.02 BTC in Alts and trade then because if you start trade with these 0.02btc you can make whole btc in some years with knowledge ,
And last advice dont leverage trade because its a trap for new as well as old trade, As we hears how much money liquidated in one day when market suddenly moves, never ignore SL ,TP .
Go higher slow and study in spot or futures but not take leverage .

[$crypto$]

I decided to sell and put the profits into other altcoins I believe will see greater gains in the next bull run.

That is if the alts you invested on has not bursted it's bubbles before the intended bullrun arrived, but it i were you, i will rather keep to accumulating bitcoin by returning the profits realized back to buy more with my DCA pattern, altcoins cannot be regarded as an investment assets to me.

Don't expect anything that isn't clear from altcoins because it's uncertain and it's not an asset for the long term unless you get in and then the bubble comes with a price explosion but I guess it's hard to guess so I wouldn't be more concerned with altcoins except Bitcoin which will continue to be earned from A more realistic DCA even though it takes longer to wait but they have a 4-year cycle that makes bitcoin rise again.

What to expect from altcoins will not be that easy even if you want 20x profits but the explosion in altcoins will not last long and from altcoins dropping 80-90% it is not certain that they will return to their highest positions again.

[avikz]

The final decision is yours! But if I were you, I would continue holding it and keep on buying in small quantities. Bitcoin has just started showing an uptrend. It's just the beginning and it won't stop here. So I would keep on buying at the current level.

I would generally avoid altcoins except ETH. But don't sell your bitcoins to buy into altcoins. Invest additional money into it. But again that's my personal take on the situation.

[Fivestar4everMVP]

Taking profit is always a good idea, most especially when you bought at a low price and the price have increased, but all the same, since you've already sold 0.02 bitcoin and invested the money in altcoins of your choice, I personally will advice you continue to DCA, that is buying more bitcoin at every price deep...
But instead of selling more bitcoins to buy altcoins, I will advise you hold your bitcoin, then use that money which you would have spent on buying more bitcoin and invest in altcoins of your choice instead, but this is you are sure of the altcoin you are investing in, and also having in mind that altcoin investment is very risky as well, so if i were you, i still would invest in good altcoins but not make them a priority over bitcoin.

By the way, i personally think this topic belongs to the trading discussion board.

[Coin_trader]

Is anyone taking profits or are most of us just DCA?

I believe that same position with you that purchased last low is now taking profit or else there will be no correction at all and the price will continue to rise without a break. It’s not bad to take profit if you are already happy since a profit is a profit. I’m sure you will feel sorry once the price go down and missed the opportunity to sell while you can. I believe you really do a good decision for selling part of your holdings just to secure profit because you can always buy back anytime and have same amount of money without loss but you can’t sell without once the price pull back.

Securing some profit while maintaining part of your investment is the right choice if you are confused on what to do next. You don’t need to become greedy just get the most profit because huge loss still in play once the trend reversed. You should always consider a wild card of possible huge in your investment if you want to become fruitful on crypto trading.

[dothebeats]

As a bitcoin holder for 8 years, I would normally advice people to just go ahead and hold for a little longer and keep on buying to enlarge their stash. But you must remember that this is your money, and we, in this forum, would naturally have different opinions about the topic, so this might even confuse you on what to do with it. If you think your profit is already enough for you, go ahead and sell it all - and perhaps leave 0.01 for future purposes - and be done with it. But if you can still wait a little longer and can spend a little more, the obvious choice is to hodl and DCA even more.

[Zaguru12]

Nobody is going to tell you when to take a profit at certain price range it is left for you to ascertain when to take your profit. If you like an advice on DCA I think this is the perfect time to go into that scheme of accumulating because the recent rise is been rumored to be clouded with bearish period soon. But from your post it shows you’re in for quick gain and holding won’t be easy for someone like you. If you really want those 20% gain in short span then gambling on those Altcoin would be your best shot but be wary some of those coins that are already down could remain like that. The only advice is do DCA on bitcoin totally and it help you against this risky altcoins

[un_rank]

I am not sure if I should continue selling my Bitcoin the more we pump or if I should start to DCA again.

It depends on what you expect from the market and what your profit margin is before you take profit.

I want 20x gains and feel this is more realistic in top altcoins that are currently 80-90% down.

You say you want 20× gains from the next bull run which is a 2000% from the current price, and selling now would mean you do not get to that point.
Secondly, altcoins being 80-90% down does not mean there would be a price recovery at any point in time, the coins are more likely to keep losing value and eventually collapse than to gain 2000%.

- Jay -

[KiaKia]

We are still in a bear market but it's invariably good to take profits, there is no point asking this question because both DCA and taking profits are reasonable so only you will know what's best for you, as for me I don't need to take any profit because this could be the inception of the market sideways movement till the next bull market, there is no affirmation that we will see a new bottom again so I prefer to keep the DCA method alive, I believe in long term holding than taking profits right now, if your reason of investing money on Bitcoin was a short term plan then taking profits is not bad.

[iv4n]

For many people, DCA is something unattainable... simply the costs (weekly/monthly) are greater than the (weekly/monthly) income. It has always been and always will be, the ones who have the means to save can do it in many different ways (one of them is investing in risky ventures), and the ones who don't will be trapped in the "magical circle of poverty".

If you can continue with DCA, and when it comes to buying more coins, you should do it. It's not the time for taking profits, except if someone is some desperate need of cash.

[Rengga Jati]

I decided to sell and put the profits into other altcoins I believe will see greater gains in the next bull run.
.........
I want 20x gains and feel this is more realistic in top altcoins that are currently 80-90% down.

I am not sure if the altcoins that you are investing in right now will be reaching a higher price in the next bullrun again or not. From my previous experience, not all top altcoins will continue to rise up and reach or pass the previous ATH although they are the top coins. For, many new coins will be rising up with recent classification and hype. But, if this has been your choice, it is up to you. You may be ready for the risks that you will face. And it is good to still have that least, 0.05BTC.

Is anyone taking profits or are most of us just DCA?

If I were you, because I have sold and taken profits of around 0.02, I think it is enough to take profits and continue doing DCA in Bitcoin. For, this current bearish ear still provides me a low price. This will be much better to invest again in Bitcoin, as long as we have the target at least until the next bullrun, this will be much more profitable.

But once more, you are the one who has the right to do the most appropriate thing. You can consider the plus and minus of your decision by your own awareness. 

[Merit.s]

You are not doing the right thing to sell your btc to altcoin,I don't think there is any cryptocurrency that can yield you the profit which you will get assuming that you invested in btc. My advice is that you should make more research on those altcoins that you bought and if they don't worth it,you should sell it and purchase btc because those altcoins are centralized system in disguise of a decentralized system and might end up depreciating to zero level someday. Do monthly DCA on your investment and don't think of selling anymore,for this is the time to accumulate more btc till 2025.

[Ziskinberg]

Well, if your thinking is right OP then go for it. I believe you have that experience before so you probably know about it. But we have to remember that the market is unpredictable, we can't say that what happened before will also happen in the next bull season. However, I was sure that some altcoins will be in hype making the investors multiply their money but the question is "which project/coin"? It is somewhat hard to find out which is why I preferred to keep my BTC until the next bull season cause I know that it will pump as well and give me profit.

[Oilacris]

Is anyone taking profits or are most of us just DCA?

If you are aiming with higher multipliers or return when it comes to profits then altcoins would be your best choice but if you want at least some assurance and security then Bitcoin would be the best option.
If you had able to get in 15k then which to assume out to be the bottom then it is really better if you do have made out some purchase with those points but its not bad to take up some profit
and snipping out 0.02 on altcoins which it isnt that a bad idea.
Thing here is that you do able to diversify and dont focus or go all in with Bitcoin but its not something a bad option to take too which most people are preferring on this way.
It might not bring out huge multiplier or returns but the confidence and assurance is there at least.

[Captain Corporate]

I would say to everyone the same thing; if you do not have enough money to stop working ever again and live with your profits, then do not stop doing DCA, on the other hand its going to be pretty tough to stop even if you have money because why not try to keep that in there? It would be smarter to make more money the way you already made. I have been doing DCA even when it was high, and kept doing it when it was low, I just keep on buying more and more bitcoin as much as I could and that is how I managed to turn this into a profit, its definitely something good if you could keep it going for as long as you can.

[tvplus006]

...I want 20x gains and feel this is more realistic in top altcoins that are currently 80-90% down...

Having such a goal to get x20 is not shameful, but the problem is to correctly identify the object for investment. If you are sure that your choice of altcoin will be correct, then invest in it. But you should remember that investing in altcoins is more risky than in bitcoin, so you should understand that you can completely lose your deposit.

[worle1bm]

The final decision is yours! But if I were you, I would continue holding it and keep on buying in small quantities. Bitcoin has just started showing an uptrend. It's just the beginning and it won't stop here. So I would keep on buying at the current level.

I would generally avoid altcoins except ETH. But don't sell your bitcoins to buy into altcoins. Invest additional money into it. But again that's my personal take on the situation.

I would also say that if you are not in need of money and have faith in BTC then hold it for long term to take out profits but if you want short term gains then you can also sell it but doing DCA is your wish and how much you want to invest in it.The amount should be invested which is surplus with you and not taking too much risk in it as one loss can turn you down but there's high chances of getting profits from bitcoin in the long run.

[justdimin]

The final decision is yours! But if I were you, I would continue holding it and keep on buying in small quantities. Bitcoin has just started showing an uptrend. It's just the beginning and it won't stop here. So I would keep on buying at the current level.

I would generally avoid altcoins except ETH. But don't sell your bitcoins to buy into altcoins. Invest additional money into it. But again that's my personal take on the situation.

I would also say that if you are not in need of money and have faith in BTC then hold it for long term to take out profits but if you want short term gains then you can also sell it but doing DCA is your wish and how much you want to invest in it.The amount should be invested which is surplus with you and not taking too much risk in it as one loss can turn you down but there's high chances of getting profits from bitcoin in the long run.

Serious investors are well planned and don't put all their money in one basket so that they still have something to get in tough times and there is no need for them to sell their Bitcoin. They can also use some of their pocket money to do a DCA but I know many are not organized as that so they can't help it but to sell some of their Bitcoins only to have money to survive.

This isn't wrong as long as they will buy back again after some time. Losses (especially bigger ones) can indeed turn us down but this wasn't the end. As long as we try to divert our attention to positive things again and prevent ourselves from selling at a loss then there is still a chance that we can recover.

[ethereumhunter]

I first started investing in Bitcoin after the June crash last year.

I had accumulated 0.07 Bitcoin before we started pumping a few weeks ago and have since sold 0.02 which currently leaves me with 0.05.

I decided to sell and put the profits into other altcoins I believe will see greater gains in the next bull run.

I am not sure if I should continue selling my Bitcoin the more we pump or if I should start to DCA again.

My thinking behind selling is although I got in at a good price (my current average buy is £15k), that it is only a 6x from £100k which is the expected amount Bitcoin will reach next bull run.

A 6x is good if you have thousands of pounds to invest , but I do not.

I want 20x gains and feel this is more realistic in top altcoins that are currently 80-90% down.

Is anyone taking profits or are most of us just DCA?

I haven't profited on bitcoin bulls at the moment and still have it sitting in my wallet. If I do the math, I made a profit because I could buy at a low price of around $16k-$17k but I believe that the current price could go even higher. I have a high target price, which is above $69k and if the price can exceed $69k, I may sell slowly or half of the total bitcoins I have and prepare to buy at low prices again.

And it will depend on your strategy because if you want bigger profits, you can wait and continue doing DCA. But if not, you can sell some of your bitcoins and buy bitcoin again when the correction comes. I do not recommend buying in altcoins but it's up to you.

[ShowOff]

Most of the assets I own so far are bitcoin, and there are very few altcoins there including a few stablecoin. I have never thought that asset diversification is wrong, and I think diversification is also necessary because basically both bitcoin and altcoin provide benefits for their investors. So it doesn't matter if you invest in both especially because of the diversification. Then from that, DCA is just one strategy that helps and you can apply it to altcoin and bitcoin investments.

I agree with the DCA strategy for bitcoin and altcoin investments because the prices of both are very volatile. DCA will help investors to get lower prices, and not infrequently investors can generate decent profits because of it.

[harizen]

You will really end up testing different strategies and taking risks before knowing the result of those "what ifs "

If your chosen strategy or plan will be effective or not, only you will know as you progress.

After a series of tests for quite a long period of time, regardless if you are winning or losing, somehow you should be able now to make your own conclusion. The several tests you made will be a good reference in making your future strategy.

[Smartvirus]

Most of the assets I own so far are bitcoin, and there are very few altcoins there including a few stablecoin. I have never thought that asset diversification is wrong, and I think diversification is also necessary because basically both bitcoin and altcoin provide benefits for their investors. So it doesn't matter if you invest in both especially because of the diversification.

Taking profit has been most useful for altcoins but not so much for bitcoin. Altcoins for most of it haven't been a commodity that you invest in with a long term intent given that, even the best or promising altcoins can dip in a vear market and never rises again. Why not that? Its mostly because, investors have taken profit and it becomes really risky to keep faith with such project.

When it comes to bitcoin, it's entirely different as, its got some securities on its part by promises of a future usage. Bitcoin being the one truly decentralized currency stands out as one whom is sure not to fail. Has history on its side and keeps growing no matter what. An asset to own for sure.

[lalabotax]

Having such a goal to get x20 is not shameful, but the problem is to correctly identify the object for investment.

Actually it is possible. but it is too risky because we will not know which altcoins that will really rise up more than 20x higher than the current price. Moreover, not all Altcoins are able to survive and then continue reaching the previous All Time High rven in the next bullish era. So, yes, I think that choosing altcoins will be much risky. I personally will prefer to Bitcoin  and continue to do DCA if possible. but once again, it will depwnd on the OP conditon and consideration. as long as the OP is able to hold the risk, it may not be a matter for him.

[goaldigger]

Having such a goal to get x20 is not shameful, but the problem is to correctly identify the object for investment.

Actually it is possible. but it is too risky because we will not know which altcoins that will really rise up more than 20x higher than the current price. Moreover, not all Altcoins are able to survive and then continue reaching the previous All Time High rven in the next bullish era. So, yes, I think that choosing altcoins will be much risky. I personally will prefer to Bitcoin  and continue to do DCA if possible. but once again, it will depwnd on the OP conditon and consideration. as long as the OP is able to hold the risk, it may not be a matter for him.

Always have the target price so you won’t miss any chance to take profit. Do DCA with a target, don’t just do this without knowing when to stop. If BTC hits a good price and its already your target price, better to take profit without any regret. DCA is a good strategy and many are doing that right now because the bull is about to come and they want to be more prepared, BTC is always a good option for long term.

[stompix]

Depends on where you entered and how long you think you can hold your Bitcoin.

If you bought it around $15,000 or $16,000 I actually think $23,000 or $24,000 is a very good price to take profit. Bitfoin can rise more to $28,000 or even to $30,000 but it is a kind of greedy gambling.

He said £15k , so that's $18k, plus he said he sold earlier so high chance he did it lower than 24k.

Out of pure curiosity, I ran two DCA calculators from June last year and they both show a profit of ~20%,
https://www.dca-cc.com/dca/bitcoin?investment=10&investmentInterval=7&dateFrom=2022-06-20&dateTo=2023-02-01&duration=591&currency=usd
https://cryptohead.io/dca-crypto-calculator/?crypto=bitcoin&fiat=USD&qty=7&frequency=weekly&start=2022-06-20&finish=2023-01-27
so, it's not like wanting a bit more could be called greed around here, 20% gain is nothing compared to the targets others have around here.
Still, OP is talking about wanting 20x and he cashed out at 1.2x, this is a bit weird.

For many people, DCA is something unattainable... simply the costs (weekly/monthly) are greater than the (weekly/monthly) income. It has always been and always will be, the ones who have the means to save can do it in many different ways (one of them is investing in risky ventures), and the ones who don't will be trapped in the "magical circle of poverty".

I don't understand how somebody who does DCA on Bitcoin can end trap in a circle of poverty unless you hint at the price going to zero.
DCA is simply making a target of the amount you're able to invest each day or week and do exactly that, not exceeding your means by anything, that's FOMO, once you can't afford DCA anymore you quit investing, I don't think anyone is stupid enough to do this kind of long term investing with borrowed money!

[Mahanton]

Having such a goal to get x20 is not shameful, but the problem is to correctly identify the object for investment.

Actually it is possible. but it is too risky because we will not know which altcoins that will really rise up more than 20x higher than the current price. Moreover, not all Altcoins are able to survive and then continue reaching the previous All Time High rven in the next bullish era. So, yes, I think that choosing altcoins will be much risky. I personally will prefer to Bitcoin  and continue to do DCA if possible. but once again, it will depwnd on the OP conditon and consideration. as long as the OP is able to hold the risk, it may not be a matter for him.

Always have the target price so you won’t miss any chance to take profit. Do DCA with a target, don’t just do this without knowing when to stop. If BTC hits a good price and its already your target price, better to take profit without any regret. DCA is a good strategy and many are doing that right now because the bull is about to come and they want to be more prepared, BTC is always a good option for long term.

Its a must thing because we know that profit do always count as a profit and it would be much more preferable rather than on going for long term holds which i do prefer because i cant really be that so confident on doing so.
I dont have the patience when it comes on long term holds because we dont know on what would happen in the future.Its better to cherish or make use of those money or profits you had gain on something
important on which i do prefer rather than on making those holds which im not really that much preferring into but i do have some coins that had been stashed up for long term but in
bigger allocation which i do always make out active approach towards my crypto investment.

[Viscore]

I first started investing in Bitcoin after the June crash last year.

I had accumulated 0.07 Bitcoin before we started pumping a few weeks ago and have since sold 0.02 which currently leaves me with 0.05.

I decided to sell and put the profits into other altcoins I believe will see greater gains in the next bull run.

I am not sure if I should continue selling my Bitcoin the more we pump or if I should start to DCA again.

My thinking behind selling is although I got in at a good price (my current average buy is £15k), that it is only a 6x from £100k which is the expected amount Bitcoin will reach next bull run.

A 6x is good if you have thousands of pounds to invest , but I do not.

I want 20x gains and feel this is more realistic in top altcoins that are currently 80-90% down.

Is anyone taking profits or are most of us just DCA?

I’m not sure if there are a lot of taking profits by now as the market is not completely impressive and profitable enough to sell our bitcoin. That’s why I stay doing DCA and only decide to sell when I think it’s the perfect time to sell. Though bitcoin price is starting to create a slight price increase, but knowing how volatile it is, it might drop again in the next following days. The reason why I only focus on DCAing to fill in my portfolio with bitcoin.

[Scripture]

The market is getting better now but there’s still a chance for the correction so DCA might still work for this year and just like the other suggestion here, have your target price for profit taking because that is the rule of profit, you can’t have it if you will not sell it.

Stop questioning the market your “What if”, the price will always go up and down so better to always have your target and focus on that, being greedy here is not good at all. Continue DCA if the price is still far from the target, don’t be in a rush.

[Oceat]

The market is getting better now but there’s still a chance for the correction so DCA might still work for this year and just like the other suggestion here, have your target price for profit taking because that is the rule of profit, you can’t have it if you will not sell it.

Stop questioning the market your “What if”, the price will always go up and down so better to always have your target and focus on that, being greedy here is not good at all. Continue DCA if the price is still far from the target, don’t be in a rush.

It's better to continue doing the DCA at least it will help in the long run and Bitcoin's bull run is just around the corner next year. I don't trust most altcoins that much since most of them aren't worth it to hold, they're just a bunch of copycat of Bitcoin that serves no purpose.

Stop being greedy or thinking too much on how much you would take profit during the bull market you might not get what you want since you are blinded with your idea on how much you would earn during the bull market. Just focus on what you can do right now or what you can afford to lose on investment. There are no millionaire in one day.

[lionheart78]

Is anyone taking profits or are most of us just DCA?

Obviously we must take profit one day.  But to take profit this early, I think you will be missing out huge on this coming bull market. But it is your bitcoin so do whatever you think is right for you. 

But, if you ask me, I would rather keep on DCA'ing since the current Bitcoin cycle is only starting and hasn't fully reached the cycle's top which supposes to happen a year after Bitcoin halving.  Altcoin investment is sure attractive due to its high payout but, be informed that Altcoin market is way more risky than Bitcoin.

I want 20x gains and feel this is more realistic in top altcoins that are currently 80-90% down.

This figure is really attractive to invest in but the question would be, could these altcoin have the capability to bounce back.  If it does not have then you are just putting you profit in risk of losing the.

[$crypto$]

The market is getting better now but there’s still a chance for the correction so DCA might still work for this year and just like the other suggestion here, have your target price for profit taking because that is the rule of profit, you can’t have it if you will not sell it.

Stop questioning the market your “What if”, the price will always go up and down so better to always have your target and focus on that, being greedy here is not good at all. Continue DCA if the price is still far from the target, don’t be in a rush.

It's better to continue doing the DCA at least it will help in the long run and Bitcoin's bull run is just around the corner next year. I don't trust most altcoins that much since most of them aren't worth it to hold, they're just a bunch of copycat of Bitcoin that serves no purpose.

Stop being greedy or thinking too much on how much you would take profit during the bull market you might not get what you want since you are blinded with your idea on how much you would earn during the bull market. Just focus on what you can do right now or what you can afford to lose on investment. There are no millionaire in one day.

Well that's the best way for the long term then the DCA method is the most appropriate to collect bitcoin before the bullish comes and we still have time to do it as long as bitcoin is still low, remember altcoins have no definite purpose dumps often occur in the market so don't do it on altcoins and we focus more on bitcoin only.

In my opinion, while you can take short-term profits, it's not a problem, but I won't take this action unless you hold it for a certain period and what you hope for is a real bullish one in 2024 or 2025, which is a prediction that bitcoin will ATH again.

[dansus021]

If you come to trading or crypto you might notice this word "Fear and Greed" or the simple version term is Fear when the price keep falling down but greed when it is not enough when the price is up.

If I were you I will keep continue my DCA when the market at a consolidation zone or correction but take profit some, so when the market goes bad you still made a profit and feel good about it.

But keep HODLL the big chunk or your coin

[maydna]

Everything will come back to you. Which one will you choose from the two options. But if I were you, I wouldn't sell my bitcoins too fast, especially at the current price, because my profit isn't that big yet. I can wait a little longer for the price to pass the last ATH price because that is my target for the next halving and I believe the price will exceed the last ATH price.

But if you feel it's time to take your profit from the current increase, you can sell your bitcoins and wait for the next correction to buy more bitcoins and hold them until the price increases again. By doing it repeatedly, you can expect increased profits and also you can have more bitcoins.

[Russlenat]

We are still in the early days, it's not even 2024 yet in time for having but the price is already going up. Although there may be a correction soon, you may want to wait for it.

There may be some who are talking profits and then wait for a dip and then buy back, it takes skills to do it but doable. Continue DCA that's what many of us will say. We will see prices beating the last ATH.

The next bitcoin halving is still a year after so we should not resort into panicking and pressuring ourselves to start selling rather than continue to do DCA. Yes, the price may have seen increasing slightly these days but if we want to sell for profits, we should still wait for more price surges or wait for a new ATH to come so we can sell immediately and expect high returns. For now, DCA would still be the best option, as the price may suddenly drops back and fall again seeing the market is still in a bearish season.

[MFahad]

My thinking behind selling is although I got in at a good price (my current average buy is £15k), that it is only a 6x from £100k which is the expected amount Bitcoin will reach next bull run.

A 6x is good if you have thousands of pounds to invest , but I do not.

I want 20x gains and feel this is more realistic in top altcoins that are currently 80-90% down.

BTC price change is not volatile like other Altcoins and you cannot make big profit with small investment. But one thing is clear that Btc investment is most secure than any other coin. Before Every  Every halving year we have seen ATH if BTC and this time it's possible to hit 100k but it will take so much time.
 If you want 20x gain then I will prefer other Altcoin for quick profit. Suppose if you invested this in Aptos then by now you have done 4x. January was proved bullish for Altcoins and almost all coins recovered a little. If market remain bullish then we can see many x from different coins.

Is anyone taking profits or are most of us just DCA?

I am just doing day trading on top coins. Magic coin is my favorite and I made good profit here. All my trade is risky that why I am not recommended to anyone.

[MusaPk]

If you come to trading or crypto you might notice this word "Fear and Greed" or the simple version term is Fear when the price keep falling down but greed when it is not enough when the price is up.

If I were you I will keep continue my DCA when the market at a consolidation zone or correction but take profit some, so when the market goes bad you still made a profit and feel good about it.

But keep HODLL the big chunk or your coin

All of us are in trading to earn something. So its better to get profit whenever you are getting good one. DCA has its own benefits and those who do it over a period of time get good return. Still after doing DCA you must sell some part of your holdings to take profit since that's why we do DCA i.e. to earn profit.
There is no benefit of such coins that are in profit but you are not willing to sell them rather keep them sleeping in wallet for indefinite time period.

[fuguebtc]

Is anyone taking profits or are most of us just DCA?

I can say taking profit is always right, but if you are thinking of selling bitcoin and then switching to altcoins, then I suggest you stop. It is true that altcoins will offer higher returns than bitcoin, but the risks are also more significant. You also saw 2 crashes of the top 2 altcoins in 2022, and you made a wise decision to invest in bitcoin, not altcoins. You should keep your stance on bitcoin and DCA instead of shifting your investment to altcoins which are not recommended even if those are the top coins.

[Blue_oxen]

Is anyone taking profits or are most of us just DCA?

I can say taking profit is always right, but if you are thinking of selling bitcoin and then switching to altcoins, then I suggest you stop. It is true that altcoins will offer higher returns than bitcoin, but the risks are also more significant. You also saw 2 crashes of the top 2 altcoins in 2022, and you made a wise decision to invest in bitcoin, not altcoins. You should keep your stance on bitcoin and DCA instead of shifting your investment to altcoins which are not recommended even if those are the top coins.

I hear you loud and clear on the taking profits thing, that's always a good move. But when it comes to switching from Bitcoin to altcoins, I gotta say, hold up. Sure, altcoins might promise higher returns, but with that comes much higher risk. Let's not forget those two big crashes from the top altcoins in 2022. You made a smart choice by going with Bitcoin instead. So why even mess with success? Stick with what's working for you, keep your investment in Bitcoin and keep on DCA-ing, instead of going down the altcoin rabbit hole. Trust me, it's not worth the headache.

[Oceat]

It's better to continue doing the DCA at least it will help in the long run and Bitcoin's bull run is just around the corner next year. I don't trust most altcoins that much since most of them aren't worth it to hold, they're just a bunch of copycat of Bitcoin that serves no purpose.

Stop being greedy or thinking too much on how much you would take profit during the bull market you might not get what you want since you are blinded with your idea on how much you would earn during the bull market. Just focus on what you can do right now or what you can afford to lose on investment. There are no millionaire in one day.

Well that's the best way for the long term then the DCA method is the most appropriate to collect bitcoin before the bullish comes and we still have time to do it as long as bitcoin is still low, remember altcoins have no definite purpose dumps often occur in the market so don't do it on altcoins and we focus more on bitcoin only.

In my opinion, while you can take short-term profits, it's not a problem, but I won't take this action unless you hold it for a certain period and what you hope for is a real bullish one in 2024 or 2025, which is a prediction that bitcoin will ATH again.

I'm not advising that to only focus on Bitcoin since it's risky to rely all of your investment on a single asset. What I'm trying to say is invest on what you can afford to lose thus, diversifying your investment on most trusted altcoins that you can afford to lose. There are altcoins out there that is worth to invest if you just do your own research you can benefit a lot of profit during the bull run. There are altcoins also that pump like 100x it's kind tempting if you know when to leave after investing since there's a certain time that it will dump and that's the risk. A big risk, big reward yet dangerous if you don't know what you are doing.

[Gladitorcomeback]

If You see profits as a result of your holding then I think that you should sell these tokens, take out your profit from it and investment little amount in the same or different token. If you are in avail then do not wait more because future is not expected to be good or bad. I think that purchasing coins at high price is not wise choice so always select that coin which you think that is now the successful choice is buying it.

DCA is actually also considers as the good and successful strategy because prediction cannot be make true and lower and higher rates cannot be know by someone that whatever it will be in upcoming days.

I can give you my own suggestion that if you have profit and market is in pump then do not think for the future that will it be pump or dump but get your own revenue and forget about the future.

[dansus021]

All of us are in trading to earn something. So its better to get profit whenever you are getting good one. DCA has its own benefits and those who do it over a period of time get good return. Still after doing DCA you must sell some part of your holdings to take profit since that's why we do DCA i.e. to earn profit.
There is no benefit of such coins that are in profit but you are not willing to sell them rather keep them sleeping in wallet for indefinite time period.

That is what I am trying to say bro. Come to look at my post If you think is enough take profit is needed especially in OP terms its already make more than the initial investment. Take little a bite and continue when the price is at consolidation zone or correction like this

[Yamifoud]

...

Is anyone taking profits or are most of us just DCA?

I do both, sometimes I sell coins and use my profit to invest in other coins. In this way, I safeguard my capital and let my profit continue playing.
Honestly, we need to be wise in this bear situation, we use to take advantage of the volatility of the market as we can't just rely on holding but to play with it. Making a few bucks is a single coin like just holding for a month or two isn't bad actually as we never waste time. I even applied this strategy to Bitcoin as well and I see it works find.

[michellee]

We recommend that you continue to do DCA by buying bitcoin again while the price is still low and there has not been an increase that is too high. We are still allowed to buy more bitcoins and save them so we should make the most of that opportunity. I do not recommend investing in altcoins because many altcoins have started to increase. You should keep investing in bitcoin so that your bitcoin amount can increase even more and when the price increases, your profit will also become bigger.

[Jody.Drummer]

We recommend that you continue to do DCA by buying bitcoin again while the price is still low and there has not been an increase that is too high. We are still allowed to buy more bitcoins and save them so we should make the most of that opportunity. I do not recommend investing in altcoins because many altcoins have started to increase. You should keep investing in bitcoin so that your bitcoin amount can increase even more and when the price increases, your profit will also become bigger.

I agree with you that it is better to continue DCA before bitcoin hits a higher price. Because this is the beginning of an increase in the price of bitcoin, if we look at the last ATH now, the price of bitcoin is still far from touching it. Keep in mind that every cycle that happens bitcoin always creates ATH again, and now it is also very possible for bitcoin to do that even though it still has a long way to go to achieve it. So the conclusion is to continue DCA and seize the moment.

[TimeTeller]

...

Is anyone taking profits or are most of us just DCA?

I do both, sometimes I sell coins and use my profit to invest in other coins. In this way, I safeguard my capital and let my profit continue playing.
Honestly, we need to be wise in this bear situation, we use to take advantage of the volatility of the market as we can't just rely on holding but to play with it. Making a few bucks is a single coin like just holding for a month or two isn't bad actually as we never waste time. I even applied this strategy to Bitcoin as well and I see it works find.

For me, that's a smart decision. Because if you will recover your initial investments plus your profits,
you are already a winner in this market. And then, if you still have some left, you can continue your investments.
As we can't tell what will happen next, it is always best that you got your initial funds back plus bonus.
Doing both strategies will give you satisfaction that you haven't lost your funds to the market and you are not
agitated with yourself because you haven't recovered your money. At least, play safe in this market.

[freedomgo]

Everything will come back to you. Which one will you choose from the two options. But if I were you, I wouldn't sell my bitcoins too fast, especially at the current price, because my profit isn't that big yet. I can wait a little longer for the price to pass the last ATH price because that is my target for the next halving and I believe the price will exceed the last ATH price.

But if you feel it's time to take your profit from the current increase, you can sell your bitcoins and wait for the next correction to buy more bitcoins and hold them until the price increases again. By doing it repeatedly, you can expect increased profits and also you can have more bitcoins.

You don’t have to sell all your bitcoin in a single time, but you can have a fraction of it to sell and make some profits and the rest would be kept continuously for long term hodling. That way, you don’t have to worry because there are still left bitcoin in your portfolio, and you can always accumulate more bitcoin when the price drops back as it’s always a perfect time to buy when price is low.

[pixie85]

A 6x is good if you have thousands of pounds to invest , but I do not.

Be a realist. You don't have money but want to make large profit from nothing.

I want 20x gains and feel this is more realistic in top altcoins that are currently 80-90% down.

10x gains are not enough but you're ready to take a few % in profit? You're being chaotic in this.

Is anyone taking profits or are most of us just DCA?

I'm all about DCA. I don't care about 10% profits when bitcoin is down 60%. For me profits worth taking start above the last all time high. I can wait.

You do what you want but we are still in a bear market. You barely made any profit and you feel like it's time to bail. I'd at least wait for 2024 halving before I make a decision.

[Cryptmuster]

You don’t have to sell all your bitcoin in a single time, but you can have a fraction of it to sell and make some profits and the rest would be kept continuously for long term hodling. That way, you don’t have to worry because there are still left bitcoin in your portfolio, and you can always accumulate more bitcoin when the price drops back as it’s always a perfect time to buy when price is low.

You can sell now only, if there is a big demand for money, in other cases this cannot be done, since the price is really still low. And of course, bitcoin should always remain in the portfolio, it works the same every time, whoever is left without bitcoin will eventually regret it, so now you only need to buy, if there is such an opportunity. Of course, if you sell now, you will also get a profit, but it will be insignificant and you will regret it in the future.

[Danydee72]

Diversification may concern strategies too. So why not diversify your strategies? Take profits and DCA at same time? Think of it, just a moment.

Taking some profits in shortterm trades on a cex and hodling on another wallet - this is my way right now.
So I do not trade to make 20x or profits like that. Maybe I will earn 20x in 10years, okay. But not in short terms.
0.25% a day will still get me a million in 10 years. So I do not like to get too greedy. On the other hand, hodling doesn't give me the chance to learn, but trading does. And sometimes I move some profits to my hodling wallet, so it's growing without investing too much. And sometimes I take some out from my hodlingaccount, if trading seems to be on my side. 2 strategies combining each other.
Nevertheless, my main point is: I like it.  

So it's not even about money. It's about fun. Of course at the end we came back speaking about money and about losing or winning. And in that sense it's still a game.
But so what? If I like what I do, the time is not lost, even if the money is. There is nothing bad about taking profits and of course nothing bad about hodling. We are all different and so
our strategies are. If they suit your personality, you do well.

[Flexystar]

My thinking behind selling is although I got in at a good price (my current average buy is £15k), that it is only a 6x from £100k which is the expected amount Bitcoin will reach next bull run.

That's really nice average mate. You can easily gain bigger profits and considering you have already (almost) doubled your investment with this rate. That is already a good success point for you and now it's your own decision whether to increase your profits more or just take what you have right now in your portfolio.

Now, since its open discussion if I were you, then I would continue your DCA methodology considering you are doing it perfectly. I mean bitcoin is non ending asset, it's growth is entirely based on demand and supply method and it was meant to grow in value eventually. This gives us crazy upper hand in the DCA. It's both volatile and beneficial that way to keep up the demand. Happy DCAing mate.

[Charles-Tim]

I am not sure if I should continue selling my Bitcoin the more we pump or if I should start to DCA again.

You are selling your bitcoin for altcoins during bull run, so if you have sold your bitcoin for altcoins and bitcoin start to fall, you know that altcoins will fall more than bitcoin? Yes, altcoins are going to fall more than bitcoin, and so more would be the loss.

I will advice you that if you have made good research about better altcoins to buy, you can let more of your asset to be in bitcoin while the remain in altcoins, that is a better strategy.

At this time, I would still advice you to continue to DCA.

[Sanitough]

Everything will come back to you. Which one will you choose from the two options. But if I were you, I wouldn't sell my bitcoins too fast, especially at the current price, because my profit isn't that big yet. I can wait a little longer for the price to pass the last ATH price because that is my target for the next halving and I believe the price will exceed the last ATH price.

But if you feel it's time to take your profit from the current increase, you can sell your bitcoins and wait for the next correction to buy more bitcoins and hold them until the price increases again. By doing it repeatedly, you can expect increased profits and also you can have more bitcoins.

I believe the final decision depends on you. If you see profits already and you want to take advantage of it, then start selling some of your coins. And just buy again when the price dumps. But if you think there’s more profits ahead by hodling it more and just continue to DCA at the moment, then it will also be a perfect choice as bitcoin halving is still not happening so you still have all the chances to keep on accumulating bitcoin and just sell them when there is new ATH already.

[carlfebz2]

Everything will come back to you. Which one will you choose from the two options. But if I were you, I wouldn't sell my bitcoins too fast, especially at the current price, because my profit isn't that big yet. I can wait a little longer for the price to pass the last ATH price because that is my target for the next halving and I believe the price will exceed the last ATH price.

But if you feel it's time to take your profit from the current increase, you can sell your bitcoins and wait for the next correction to buy more bitcoins and hold them until the price increases again. By doing it repeatedly, you can expect increased profits and also you can have more bitcoins.

I believe the final decision depends on you. If you see profits already and you want to take advantage of it, then start selling some of your coins. And just buy again when the price dumps. But if you think there’s more profits ahead by hodling it more and just continue to DCA at the moment, then it will also be a perfect choice as bitcoin halving is still not happening so you still have all the chances to keep on accumulating bitcoin and just sell them when there is new ATH already.

Your money = Your decision

This should be the main thing on your mind and dont make yourself that easily believe on what others would be saying.If you do see that weekly,monthly purchase on DCA would be worth then go ahead.
Its your money that had been risked out not theirs which it would be just right that you are the ones who do hold up the final decision.Bitcoin is worthy for us to DCA but of course you
should be mindful about the risk involved because this had been always the main problem on where most people here on crypto do miss out.

[Finestream]

I first started investing in Bitcoin after the June crash last year.

I had accumulated 0.07 Bitcoin before we started pumping a few weeks ago and have since sold 0.02 which currently leaves me with 0.05.

I decided to sell and put the profits into other altcoins I believe will see greater gains in the next bull run.

I am not sure if I should continue selling my Bitcoin the more we pump or if I should start to DCA again.

My thinking behind selling is although I got in at a good price (my current average buy is £15k), that it is only a 6x from £100k which is the expected amount Bitcoin will reach next bull run.

A 6x is good if you have thousands of pounds to invest , but I do not.

I want 20x gains and feel this is more realistic in top altcoins that are currently 80-90% down.

Is anyone taking profits or are most of us just DCA?

If you have been hodling for quite long, I guess there’s no wrong selling a portion of your bitcoin if you see good profits at the moment. After all, we all invest for profits, and not just to keep and hold our coins forever. However, it’s also a good decision to keep DCAing while the price has not reached its peak. Because when bitcoin price is already at its peak, it’s not good to buy at this moment, but rather it’s already the perfect time to sell for profits.

[JamesDaniel90]

Update - I have decided to stick with Bitcoin.

I need to keep telling myself it is a long term investment , almost like a pension fund and not one of these quick altcoin pumps I am hoping for.

Have converted some of my recent profits from Hbar & Verasity into BTC and now have 0.08 BTC.

Hopefully we can have one more crash before the bull run so we can all accumulate more at a cheap price.