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?
If you have been hodling for quite long, I guess theres no wrong selling a portion of your bitcoin if you see good profits at the moment. After all, we all invest for profits, and not just to keep and hold our coins forever. However, its also a good decision to keep DCAing while the price has not reached its peak. Because when bitcoin price is already at its peak, its not good to buy at this moment, but rather its already the perfect time to sell for profits.