Quote from: GbitG on January 16, 2025, 11:41:59 PM

Quote from: new19980 on November 18, 2024, 09:23:55 PM

Hi im trading altcoins on exchanges for years now and i was always withdrawing like 60-70 percent of my profit
and buy bitcoin for the rest (30-40 percent) but since btc price is highly increased you think i should just keep
doing the same or i should buy USDT instead with that 30-40 percent meant for bitcoin and store it in a safe wallet
like trezor till btc price drop or till we see a new bear market then buy btc with that saved USDT Roll Eyes

Hmmm,

investing in Bitcoin is such a nice idea, but to be honest according to your text you should need to take your act with his own hand. Here we can give you just some academic advice.

But anyway, let's jump to the field. Currently Bitcoin is in the bull phase and almost it in the peak of its surgeness. So it's up to you that if you are a long term holder, then you don't need to take more time just dive in it and grab it. But if you are short term holder then it is definitely not the right time to invest in it. And let me tell you something more if you are looking for long-term investment then you should continue your buying through DCA. Because DCA is the only strategy that can help you in every situation, whether it is a bull run or a bear market, it gives you the opportunity to accumulate more and more Bitcoin.

It's think it would be much more preferable for the OP to use some percentage of the profits he's gaining from trading Altcoins like he stated and start doing the DCA cause while he's wanting to buy a stable coin and wait for a bear season to occur before buying bitcoin, he would miss a lot, bitcoin is in a bullish season currently and based on the upcoming inauguration of the first pro bitcoin President elect of the states, there's a speculation of a massive bull run ahead.

So, it would be wise to start staking so as to participate on the benefits of a possible bull run after the inauguration, and i hope he's aware that bitcoin involves longitivity and not like Altcoins that's withdrawn randomly whenever he makes profits.