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.
The DCA is not a regular method of buying Bitcoins because remember there are also rich investors that would love to go an all in by lump summing. For example, a rich investor may decide to come in to the market when the price was $56k and made a lump summing amount of $200k and Hodl for 10 years, then for someone who wants to invest using the DCA and they also start DCAing with $100k weekly when the price was same $56k. Now in 10 years time the person using the DCA will only own Bitcoins worth $48k which is just about one quarter the amount of what the person that did lump summing and let's assume that the price didn't DIP less than the amount it was when they both started their investments. So in this case the person that did lump summing is still at advantage and will make more profits than the person that used the DCA method to accumulate for 10 years. I just want you to understand that the DCA is a good strategy for everyone to get involved in the accumulating process but it doesn't mean that everyone should use same strategy.
If one's portfolio has grown so big doesn't mean they should sell all their Bitcoins even if they have spent a long time to own such a huge portfolio, they can decide to sell part of it and not all and it also depends the price of Bitcoin at that time and if they have also met their investment targets before they consider if to sell or not but saying that if they have gotten a huge portfolio they can sell their Bitcoins doesn't sound right to me.