What criteria do you use when buying and selling? Let's share some tips and expertise.
For me, the three most significant factors are as follows:
1. Bitcoin halving.
2. A decrease in currency value due to economic downturns.
3. Sustained participation and growth of investors.
Therefore, I make a continuous effort to stay updated with all the news to track numbers 2 and 3 consistently.
Like we all know that many nation's currencies are losing value due to inflation that is making the price of food stuff to skyrocket due to harsh economy adjustment. The government is always looking for ways to attract money to the country but due to hard decisions they have to take, they make live miserable and at the end the price of things will become expensive.
Most time I calculate what will be the outcome of the economy of my country and I try as much to plan ahead so that I can save more and earn more too. It is good we invest our funds in cryptocurrency so that by the time the price of Bitcoin goes up and all other coins follow along, it will balance our standard of living and make life more easily to live paying bills and having a good lifestyle.
The perceived Bitcoin halving has done more to spur holders to sell more rather than DCA until after the duration has elapsed.
I think it is wisest to accumulate or DCA until the halving is over and a year or more added before liquidation.
Also, the sustained participation and growth of investors these days may be dependent on how fast they make gains. Those who remain true to their investment will eventually be tempted to try other faster approach but if BTC sticks , in that it remains valuable to maintain as an asset, they just DCA better and let others know how worthwhile the effort is.
To those people who have already some nasty experiences here in this space would definitely be considering out on selling out their bags on the time that they do see that it is already the peak of the bull run or this cycle which we know that these numbers cant really be known on what it would be and this is where on the time that people would really be keeping on guessing on what would be the number or until when that bullish run would really be running out its fuel or would really be tending to be over because this would be the peak spot on trying out to make out most of it in speaking about profits.
DCA would really be just only better if you do able to buy on the pump but it would be ideal if you have done it when the bearish market is on its maximum scale or its really been that a while which the price
had already corrected on deeper percentage on which i could say that this would really be the best time on doing so. It is really just that its never been that so simple on having this kind of
target because of unpredictability of the market then there's no way that we could precisely be able to hit up the right spot but somehow it doesnt mean that it would really be impossible.