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Author Topic: Bitcoin - take profits or continue to DCA?  (Read 355 times)
carlfebz2
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February 07, 2023, 09:49:10 PM
 #61

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.

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February 07, 2023, 09:52:29 PM
 #62

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.

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February 08, 2023, 04:36:46 PM
 #63

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.
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