Quote from: pixie85 on December 30, 2022, 08:44:34 PM

Quote from: Oshosondy on December 30, 2022, 03:25:08 PM

Some of the whales you think are bearish will soon be bullish, the downtrend in price that you are noticing could be what would start the next bull run. The price is low already, just buy and forget until the the price rise, 1 bitcoin is 1 bitcoin.

I continue my weekly DCA.

I have a comparable strategy. At 50k+ I was only spending everything, but doing it slow to benefit from possible long term bull market and 100 thousand dollars.

When we came below 30 thousand I started to accumulate slow, doing some DCA with the money I had on my exchange accounts.

When we went below the psychological level of 20 thousand I said to myself that I'm not throwing away bitcoin this cheap. I went into heavy, constant DCA using only the money that I need to pay the bills every month and spending all the rest on bitcoin.

I don't care what the whales are doing. There's a reason why the time we're in is called the accumulation phase.
The time to sell was in distribution. If you managed that you made some money.

Spending everything but doing it slowly? I think this is confusing. When you said everything then you don't have anything left to spend later on but it's fine as long as you can HODL and don't sell at a loss. Your decision of doing a DCA by the time the price falls to 30k dollar is a good move because there are more dips that are being recorded after that. Imagine if you don't do a DCA but you just buy the normal way then maybe you are regretting now because you found out that the price didn't stop from falling yet.

It's no surprise on why BTC is still bearish during these times, because BTC have been on this state even before. If whales dumped it even more then that's great.