Post
Topic
Board Speculation
Re: Buy Buy Buy or Sell Sell Sell?
by
EarnOnVictor
on 26/04/2024, 08:21:46 UTC
It all depends on the amount of bitcoin the person has accumulate over that interval of one year before you begin to talk about making of profit. If u do not have a sizeable amount of bitcoin in your portfolio you cannot be able to make this profit you are talking about ,especially if you are doing DCA it will take you time to accumulate a reasonable
amount of bitcoin.

The method of collecting Bitcoin to get a larger amount varies from person to person, although the one we see most often now is to use DCA with a certain target time period. Because to achieve a bigger profit target, you definitely have to have a fairly large amount of Bitcoin ownership and that cannot be denied by everyone. That is why most people always pay more attention to their Bitcoin holdings portfolio than others because in Bitcoin everyone can make a profit as long as they have enough patience in collecting it and also have a fairly large amount in their own portfolio.
I often see the term DCA in almost everywhere Bitcoin investment is mentioned on this forum but one thing people do not know is that it is relative and subjective, it is never a must. Do you know the situation where I use the DCA approach? They are listed below:

1. I use it when there is an obvious FUD in the market.

2. In a situation where the market has moved significantly up where the price is no more encouraging to buy but still do not want to miss out.

3. Finally, when the market is selling in a short-term correction but the overall bias is still of the bullish trend in the long-term disposition.

However, what is peculiar to all those conditions is that they lack certainty. I will not hesitate to use the DCA in such situations for at least to average my risk and the potential earnings instead of risking everything or being too greedy and daring.

Also, do you know the situation where I do not use the DCA approach? They are just two, and they are when there is better assurance in the market as seen below:

1. When the market is at the bottom level. Just like the condition of Bitcoin in late 2022.

2. When a bullish trend is fully confirmed.

In this situation, I risk everything, and since Bitcoin is a trustable asset, I have nothing to worry about and it has never failed me.