Post
Topic
Board Bitcoin Discussion
Topic OP
Bitcoin - take profits or continue to DCA?
by
JamesDaniel90
on 02/02/2023, 16:24:48 UTC
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?