Re: Road to 100k?

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.

Exactly what i was thinking as well because i begin to imagine how he can be able to maintain DCAing again since he said the economic condition of his country is not friendly which is one of the major reasons why he sold to build his dream house and still have some left over fund but yet not holding any bitcoin again since he sold all. Everyone is entitled to how they want to go about their investment in bitcoin when their target is met but we should understand that we are still faced with more important things ahead of which we should also be considerate in our decisions so that we don't end up achieving a target and still fall back to suffering again that is why it is advisable not to empty all our treasury in bitcoin. Well, 4 years investment target isn't that bad but now that he has sold all his bitcoin will make him to wait for a DIP before buying again because he will find it difficult to buy higher than the amount he sold and this will delay his time of accumulation which can further lead to either exhausting the amount he intended to start accumulating with again or reducing the principal amount.