and I consider myself a bit of a contradiction because ever since mid-to-late 2015, I started to put into practice a sell on the way up strategy, and when I first started doing it I made quite a few mistakes, but I have honed my system several times over the years.. and there are quite a few members who criticize me for such practice with claims that I should not sell any of my BTC, even if I am saying that I have it already figured out in such a way that I can sell and that I never will run out of BTC.
you shouldn't procicute yourself over selling some stash Wayback when there was an uptrend. at a point in every one's life there is that tempting sensation that make you feel to sell off, and you might end up selling some stash but that doesn't change anything from you. let by gone be by gone. what matters is how you where able to make some corrections and still keep to the rules. by now I know your wallet will be like a straw berry, waiting to chop off. LOLs
I feel real good about my whole system, and I don't even feel that bad about my mistakes - except just to sometimes realize how our perspectives change, and even when I analyze some of my past behaviors, I will sometimes see some of the behaviors, practices and mindset differently now as compared to when I was doing some of them, and it is not like I could have had changed what I was doing at the time, and maybe even with after the fact knowledge there still is no real way to change what you might have been doing, but it is just that your perspective changes, and I am not even sure if it becomes more enlightened later, or maybe it was more enlightened at the time that I was doing it.. because some of my framings were different, and so for example, I did not really become obsessed with the 200-Week moving average until maybe in the last 4-5 years.
In my own opinion, I won't actualize it as a mistake because It was all done intentionally, you sold due to the market experiencing an uptrend and back then you made a good profit from it, that was base on your own reasoning and what you deemed fit at that point. Everyday of our lives we grow and adapt to new ideas and ways of doing stuffs, currently you won't make such a decision of selling too early without completing different cycles. Seeing how much of your time and knowledge you put in here to see people not make such drastic selling decision is really appreciating.
Currently the price of bitcoin is above 47k, hopefully this shock will push the price of bitcoin further. Bitcoin price has increased by 9.7% in the last one week. Hopefully it will continue now and this push will go far. Those who haven't bought Bitcoin yet will regret it. Those who expected the price of Bitcoin to dip, and thought they would buy when it dip, are now in for a big regret. But they should start holding now without regret, using DCA method. They can also benefit a lot from this, if they can keep it up, one time also their bitcoin portfolio will be get bigger.
It's good to see Bitcoin hiiting the $47k mark, many will find delight in the price while some may not be too happy seeing the price keep going high as they are not yet very much contented from purchasing in a much lower price.
Nevertheless, there is still enough time to keep purchasing Bitcoin as we are yet still below our previous ATH, so there is still enough room left to accumulate and add up to our portfolio.
Those who DCA are not evenly affected by the price change that alone should show a kind of superiority of DCAING over other strategy to Bitcoin accumulation.
Those who would prefer strategically buying from the DIP should also take this as part of a good opportunity to buy as we never tell in what price movements the market will follow.