Post
Topic
Board Speculation
Re: Buy the DIP, and HODL!
by
Lord b
on 18/01/2024, 00:15:10 UTC
We having been discussing about the DCAing accumulation process for some time now but haven't put into consideration on how to take profits.
I might be wrong and will gladly ascept any correction but I think their should be a time to invest and a time to begin taking profits, one step needs to be attained first before taking the other.
It is best to live the investment from your DCAing to mature after completing the budget reaching a significant price during the bull run it can also be from personal decision and the way we view the market.
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You're still thinking short term and in such cases you should just take your profit like every normal trader but when you talk of accumulation of btc and using dca as a risk proof investment strategy then you start seeing the market in a different light and even when you've made some profit you'll tend to view it as an opportunity to invest more

Think of it as a business strategy,how many big cooperations or firms do you ever see their investors or shareholders sell their shares simply because the stock value is increasing and they've made considerable profit?? Of course none or rather very few instead they double down on it and invest more because the profit only signals that they're on the right trend and the business is likely to grow and amass even more profit

Why take profit when you can hold out for a couple more years,I think unless you have a critical life challenge that inevitably requires you to sell out all you ow,I seriously think this a wrong and hurtful approach to investment