Quote from: smelody on Today at 03:22:18 PM

Quote from: Miles2006 on October 20, 2024, 09:29:47 PM

Quote from: Ambatman on October 20, 2024, 09:11:39 PM

Quote from: naira on October 20, 2024, 03:27:59 PM

Quote from: JayJuanGee on October 19, 2024, 08:45:18 PM

So even if they might say that they are ready for either up or down prices, they might end up not really being prepared because they ended up over-investing in light of their own mental preparedness.

Halving 2024 I released all Bitcoin holdings that had been DCA for 4 years (maybe it's too early to release it but as a small retailer the economic situation is not always friendly), full of twists and turns and indeed as you said it is not easy to win mentally from the fluctuating price situation when the financial condition is getting thinner but I have gone through all that. From the sales I managed to build my dream house.

Now facing the next 4 years I will start DCA again with full preparation from before, with strategies and all the shortcomings that have been evaluated.

I secretly learned a lot from all your opinions about DCA. Cheesy

Congratulations on your building that's a Good news especially if you from Nigeria.
Your statement I will start means you haven't started yet and it's quite risky been a Nocoiner
Now you can't buy even at the price you sold.
Mind you am not against your decision but atleast I think leaving some wouldn't had hurt.

Aside hurt it’s advisable not to clear everything base on bitcoin price growing gradually, starting might be difficult currently whereby an investor starts from zero point. I guess sometimes withdrawing strategy is totally different from dca and not so easy. It’s pretty nice to know about bitcoin profit making besides 4 years is so long it seems few are ready to sell now but if they’ve gotten to a balanced level selling can be considered.

Now is the time to try to get more grip on your bitcoin holdings. People hoping to get small profits should not put themselves in line and continue with DCA method honestly and for long term. Rather than focusing on price, investors should focus on accumulating bitcoins with a view to increasing their holdings until they touch $100k. $100k is a starting point consideration for running a long-term DCA strategy.

We do know that not all people would be having the patience on holding up for long term and thats why they would really be that excluding Bitcoin into their portfolio but rather they would really be focusing
into altcoins on which it could potentially be able to make some considerable multipliers in speaking about potential gains but of course when it comes to assurance or having that security then we can
really be able to tell that Bitcoin is really always the best option but of course its not something 100% guarantee that you wont be able to lose money because no one really knows on what would happen in the future. As for $100k price then its something that inevitable because if we do base up on how Bitcoin move in every cycle then you could be confidently be able to say or tell that it could reach up
on this current cycle but not all will really be selling out into that point but rather aiming for higher ones.