Quote from: Obim34 on January 17, 2024, 10:44:08 PM

Quote from: Stepstowealth on January 17, 2024, 10:26:52 PM

If you took profit once, or it is not a regular thing, then it is okay to take profit. Do not just make it a regular thing because that is where it will affect the profit you are supposed to make from DCaing which should be the increase of your portfolio. Also if you are to make a withdrawal from what you have been DCAing, try so that it is not a very big amount that affects or takes out amount of money equal to what you will DCA for like three weeks. What I mean is, if you must withdraw, there should be a limit to what you plan to withdraw from what you are DCAing.

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.

Something I would like to add to your first line is that it talks about investing in the DCA method, and by DCA method we mean investing in Bitcoin. You say saving in DCA method is not actually saving in DCA method. Saving means the amount of money left after the end of every month or week after spending, the amount of money that a user keeps in his bank account or somewhere else, we consider it as savings, but investment is different. A saver does not have to base his investment on the price of a particular coin just as the price of a particular coin changes. By DCA investment method we mean investing with fixed amount of money in different phases of coins.

The second point you discussed is how we can take profit, our main objective of investing is to make profit. In terms of investment, some investors may be satisfied with small profits, while there are some investors who invest for a long time and have high expectations. The idea that there will be only profit in investment is wrong, in the case of investing for profit, you will have the possibility of profit as well as the possibility of losing your money. In this case you may ask me why should I invest if there is a possibility of losing my money? That is why before investing it is said that there must be some risk in investing and you have to take the risk of that money. Losing money after investing is a very normal thing because after investing the market can rise as well as the market can dump and it should be accepted naturally and then investment decision should be made.

Quote from: Salahmu on Today at 07:24:37 AM

One of the things I realized about most investors is that no matter there decision about there investment they easily get distracted from there investment decision if they see other investor who tries other ways of taking advantage of the market and it worked for them at first so perhaps to those investors that are looking for means to outsmart the market will easily follow that narrative and at last they will get cut up at the middle.

Investors who invest with wrong assumptions are subsequently misled. If an investor decides to invest only by seeing the success of others without knowing well about the investment in the beginning, then that investor will surely suffer confusion later on. There are many investors who invest by looking at other people's profits but they don't know or want to know about the hard work, patience and waiting time behind other people's profits. They just think that they invested like those investors and got huge profits within few days. Investments are not actually followed by others directly but can be done with some investment help from others. We should invest with the idea of investing so that after the investment we can hold our investment patiently and not get too excited by a small profit or loss so that we don't sell our investment. Investing is easier than holding on to it.