We're currently experiencing a bear market phase. How do you intend to secure profits once the market undergoes a turnaround? What proves to be the most formidable obstacle in executing this strategy? If your intention isn't to convert profits back to fiat, kindly explain your philosophy regarding this choice. Newbies in this platform like me could gain insight from your past experiences.
Firstly maybe I will just pursue by continuing to buy regularly (DCA) in this case because when talking about bearish and bitcoin correction then it is still one of the opportunities for us to buy or my language is planting from seeds that we will reap in the future.
I don't have any philosophy in this case because all I do is buy and hold (not to sell) because that would just be futile for now so I just focus on buying and that has been happening since the last few months maybe even a year.
As for when talking about profits I still have the belief that I am investing for the long term so I am still not tempted by my current profits because it is still a little below the standard I want even though in my DCA there are those who have made profits of more than 50% especially when buying at $15k but I still continue to hold because my target is not today and I believe in the future my profits will still be there so I am not worried about the present.