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?
Im not sure if there are a lot of taking profits by now as the market is not completely impressive and profitable enough to sell our bitcoin. Thats why I stay doing DCA and only decide to sell when I think its the perfect time to sell. Though bitcoin price is starting to create a slight price increase, but knowing how volatile it is, it might drop again in the next following days. The reason why I only focus on DCAing to fill in my portfolio with bitcoin.