Post
Topic
Board Bitcoin Discussion
Re: Bitcoin - take profits or continue to DCA?
by
Coin_trader
on 02/02/2023, 18:07:34 UTC

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.