At the moment Bitcoin is worth $69,931.59, we are about to break 70K again. I'm very bullish on Bitcoin right now, I tried holding as much as I could when it was under 60K. I tried to grow my investment portfolio with my maximum. Anyway now that I have a decent portfolio, and I'm continuing my investment in DCA, And i will continue until I reach my goal. anyway I think Bitcoin will cross 70K in some time. And I reckon we'll see a bull very soon.
We are just getting started with the rising price of bitcoin and às an optimistic fellow I see a possible new ATH in the month of August. Am guessing a lot of those who out of market fud panic sold their bitcoin when the price felll dip below $60k would be in regret by now that the price has bounced back at almost $70k. There are always two different sets of individuals in turbulence time's in the market, those who see opportunity and those who see problem with the market. It's only those who see opportunity like you that continued with their DCA strategy accumulating more portfolio before the price would surge back high because the investment plan is one of a long term for the bull run.
Your advice is not acceptable to me, because regular investors never invest after seeing dumping and pumping in the market. Investing in the Bitcoin DCA method Those who follow the regular DCA method only invest, and when the portfolio grows, they will sell the bitcoins again after a long time.
You notice that currently the most difficult phase is those who are buying and selling Bitcoin outside the DCA system, now is the opportunity to invest in Bitcoin for the long term. You see a poor investor can never buy bitcoins all at once, so buying small amounts of bitcoins over and over again with this DCA method will definitely build up a large portfolio.
For investors following DCA it should be important to accumulate bitcoins even if the price is pumping or dumping. You are regularly accumulating bitcoins that grow over time and timing sales only comes from trading and making extra profits that may not be safe for your holdings. Your goal should be to continue accumulating a cycle or two or more cycle.
Deciding to sell Bitcoin during a bullish period may bring you short-term profit but can lead to a long streak of buying at expected price dips later on. Because the current market conditions are only seeing upward trend in prices and you should continue to accumulate. For example if you have been running DCA for the past one year you are continuously accumulating bitcoins at different prices and your portfolio is showing an average price in combination of different prices which is relatively much lower than the current market so if you can continue to accumulate for another 3 years or 7 years But you can expect massive profits along with the growth of your stash.