Post
Topic
Board Trading Discussion
Re: Bitcoin - take profits or continue to DCA?
by
TimeTeller
on 06/02/2023, 18:42:14 UTC
...

Is anyone taking profits or are most of us just DCA?

I do both, sometimes I sell coins and use my profit to invest in other coins. In this way, I safeguard my capital and let my profit continue playing.
Honestly, we need to be wise in this bear situation, we use to take advantage of the volatility of the market as we can't just rely on holding but to play with it. Making a few bucks is a single coin like just holding for a month or two isn't bad actually as we never waste time. I even applied this strategy to Bitcoin as well and I see it works find.

For me, that's a smart decision. Because if you will recover your initial investments plus your profits,
you are already a winner in this market. And then, if you still have some left, you can continue your investments.
As we can't tell what will happen next, it is always best that you got your initial funds back plus bonus.
Doing both strategies will give you satisfaction that you haven't lost your funds to the market.