Post
Topic
Board Bitcoin Discussion
Re: Bitcoin - take profits or continue to DCA?
by
Dunamisx
on 02/02/2023, 17:41:30 UTC
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.