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Re: Taking profits vs bitcoin value
by
boyptc
on 17/03/2024, 19:39:18 UTC
Thanks for the reply. I'm not taking profits at the moment. I am 'hodling' because I expect the Bitcoin unit price to increase quite a bit. But at the same time, I don't want to acquire more bitcoin at this high price because if the unit price eventually falls below the price that I paid for it, then this higher price purchase will start to detract from my profits. I don't want that at this point. I would prefer to take profit in something stronger than the failing US currency. Just saying. You can comment if you like. Thanks
That's fine.

That's your investment so you have all the might to do whatever you want with it. If you don't feel to take some profits right now then don't do it and just wait for the market to be up and be more than the past price but we don't know when it can be achieved.

And about taking more bitcoins through buying at this rate, if you feel that it's quite expensive, you're free not to continue DCAing as no one forces you to do so.