Update - I have decided to stick with Bitcoin.
I need to keep telling myself it is a long term investment , almost like a pension fund and not one of these quick altcoin pumps I am hoping for.
Have converted some of my recent profits from Hbar & Verasity into BTC and now have 0.08 BTC.
Hopefully we can have one more crash before the bull run so we can all accumulate more at a cheap price.
Topic: Bitcoin - take profits or continue to DCA? (Read 458 times)
I first started investing in Bitcoin after the June crash last year.
I had accumulated 0.07 Bitcoin before we started pumping a few weeks ago and have since sold 0.02 which currently leaves me with 0.05.
I decided to sell and put the profits into other altcoins I believe will see greater gains in the next bull run.
I am not sure if I should continue selling my Bitcoin the more we pump or if I should start to DCA again.
My thinking behind selling is although I got in at a good price (my current average buy is £15k), that it is only a 6x from £100k which is the expected amount Bitcoin will reach next bull run.
A 6x is good if you have thousands of pounds to invest , but I do not.
I want 20x gains and feel this is more realistic in top altcoins that are currently 80-90% down.
Is anyone taking profits or are most of us just DCA?
If you have been hodling for quite long, I guess there’s no wrong selling a portion of your bitcoin if you see good profits at the moment. After all, we all invest for profits, and not just to keep and hold our coins forever. However, it’s also a good decision to keep DCAing while the price has not reached its peak. Because when bitcoin price is already at its peak, it’s not good to buy at this moment, but rather it’s already the perfect time to sell for profits. I had accumulated 0.07 Bitcoin before we started pumping a few weeks ago and have since sold 0.02 which currently leaves me with 0.05.
I decided to sell and put the profits into other altcoins I believe will see greater gains in the next bull run.
I am not sure if I should continue selling my Bitcoin the more we pump or if I should start to DCA again.
My thinking behind selling is although I got in at a good price (my current average buy is £15k), that it is only a 6x from £100k which is the expected amount Bitcoin will reach next bull run.
A 6x is good if you have thousands of pounds to invest , but I do not.
I want 20x gains and feel this is more realistic in top altcoins that are currently 80-90% down.
Is anyone taking profits or are most of us just DCA?
Everything will come back to you. Which one will you choose from the two options. But if I were you, I wouldn't sell my bitcoins too fast, especially at the current price, because my profit isn't that big yet. I can wait a little longer for the price to pass the last ATH price because that is my target for the next halving and I believe the price will exceed the last ATH price.
But if you feel it's time to take your profit from the current increase, you can sell your bitcoins and wait for the next correction to buy more bitcoins and hold them until the price increases again. By doing it repeatedly, you can expect increased profits and also you can have more bitcoins.
I believe the final decision depends on you. If you see profits already and you want to take advantage of it, then start selling some of your coins. And just buy again when the price dumps. But if you think there’s more profits ahead by hodling it more and just continue to DCA at the moment, then it will also be a perfect choice as bitcoin halving is still not happening so you still have all the chances to keep on accumulating bitcoin and just sell them when there is new ATH already.But if you feel it's time to take your profit from the current increase, you can sell your bitcoins and wait for the next correction to buy more bitcoins and hold them until the price increases again. By doing it repeatedly, you can expect increased profits and also you can have more bitcoins.
This should be the main thing on your mind and dont make yourself that easily believe on what others would be saying.If you do see that weekly,monthly purchase on DCA would be worth then go ahead.
Its your money that had been risked out not theirs which it would be just right that you are the ones who do hold up the final decision.Bitcoin is worthy for us to DCA but of course you
should be mindful about the risk involved because this had been always the main problem on where most people here on crypto do miss out.
Everything will come back to you. Which one will you choose from the two options. But if I were you, I wouldn't sell my bitcoins too fast, especially at the current price, because my profit isn't that big yet. I can wait a little longer for the price to pass the last ATH price because that is my target for the next halving and I believe the price will exceed the last ATH price.
But if you feel it's time to take your profit from the current increase, you can sell your bitcoins and wait for the next correction to buy more bitcoins and hold them until the price increases again. By doing it repeatedly, you can expect increased profits and also you can have more bitcoins.
I believe the final decision depends on you. If you see profits already and you want to take advantage of it, then start selling some of your coins. And just buy again when the price dumps. But if you think there’s more profits ahead by hodling it more and just continue to DCA at the moment, then it will also be a perfect choice as bitcoin halving is still not happening so you still have all the chances to keep on accumulating bitcoin and just sell them when there is new ATH already. But if you feel it's time to take your profit from the current increase, you can sell your bitcoins and wait for the next correction to buy more bitcoins and hold them until the price increases again. By doing it repeatedly, you can expect increased profits and also you can have more bitcoins.
I am not sure if I should continue selling my Bitcoin the more we pump or if I should start to DCA again.
You are selling your bitcoin for altcoins during bull run, so if you have sold your bitcoin for altcoins and bitcoin start to fall, you know that altcoins will fall more than bitcoin? Yes, altcoins are going to fall more than bitcoin, and so more would be the loss.I will advice you that if you have made good research about better altcoins to buy, you can let more of your asset to be in bitcoin while the remain in altcoins, that is a better strategy.
At this time, I would still advice you to continue to DCA.
My thinking behind selling is although I got in at a good price (my current average buy is £15k), that it is only a 6x from £100k which is the expected amount Bitcoin will reach next bull run.
That's really nice average mate. You can easily gain bigger profits and considering you have already (almost) doubled your investment with this rate. That is already a good success point for you and now it's your own decision whether to increase your profits more or just take what you have right now in your portfolio.
Now, since its open discussion if I were you, then I would continue your DCA methodology considering you are doing it perfectly. I mean bitcoin is non ending asset, it's growth is entirely based on demand and supply method and it was meant to grow in value eventually. This gives us crazy upper hand in the DCA. It's both volatile and beneficial that way to keep up the demand. Happy DCAing mate.
Diversification may concern strategies too. So why not diversify your strategies? Take profits and DCA at same time? Think of it, just a moment.
Taking some profits in shortterm trades on a cex and hodling on another wallet - this is my way right now.
So I do not trade to make 20x or profits like that. Maybe I will earn 20x in 10years, okay. But not in short terms.
0.25% a day will still get me a million in 10 years. So I do not like to get too greedy. On the other hand, hodling doesn't give me the chance to learn, but trading does. And sometimes I move some profits to my hodling wallet, so it's growing without investing too much. And sometimes I take some out from my hodlingaccount, if trading seems to be on my side. 2 strategies combining each other.
Nevertheless, my main point is: I like it.
So it's not even about money. It's about fun. Of course at the end we came back speaking about money and about losing or winning. And in that sense it's still a game.
But so what? If I like what I do, the time is not lost, even if the money is. There is nothing bad about taking profits and of course nothing bad about hodling. We are all different and so
our strategies are. If they suit your personality, you do well.
Taking some profits in shortterm trades on a cex and hodling on another wallet - this is my way right now.
So I do not trade to make 20x or profits like that. Maybe I will earn 20x in 10years, okay. But not in short terms.
0.25% a day will still get me a million in 10 years. So I do not like to get too greedy. On the other hand, hodling doesn't give me the chance to learn, but trading does. And sometimes I move some profits to my hodling wallet, so it's growing without investing too much. And sometimes I take some out from my hodlingaccount, if trading seems to be on my side. 2 strategies combining each other.
Nevertheless, my main point is: I like it.
So it's not even about money. It's about fun. Of course at the end we came back speaking about money and about losing or winning. And in that sense it's still a game.
But so what? If I like what I do, the time is not lost, even if the money is. There is nothing bad about taking profits and of course nothing bad about hodling. We are all different and so
our strategies are. If they suit your personality, you do well.
You don’t have to sell all your bitcoin in a single time, but you can have a fraction of it to sell and make some profits and the rest would be kept continuously for long term hodling. That way, you don’t have to worry because there are still left bitcoin in your portfolio, and you can always accumulate more bitcoin when the price drops back as it’s always a perfect time to buy when price is low.
You can sell now only, if there is a big demand for money, in other cases this cannot be done, since the price is really still low. And of course, bitcoin should always remain in the portfolio, it works the same every time, whoever is left without bitcoin will eventually regret it, so now you only need to buy, if there is such an opportunity. Of course, if you sell now, you will also get a profit, but it will be insignificant and you will regret it in the future.
A 6x is good if you have thousands of pounds to invest , but I do not.
Be a realist. You don't have money but want to make large profit from nothing.
Quote
I want 20x gains and feel this is more realistic in top altcoins that are currently 80-90% down.
10x gains are not enough but you're ready to take a few % in profit? You're being chaotic in this. Quote
Is anyone taking profits or are most of us just DCA?
I'm all about DCA. I don't care about 10% profits when bitcoin is down 60%. For me profits worth taking start above the last all time high. I can wait.
You do what you want but we are still in a bear market. You barely made any profit and you feel like it's time to bail. I'd at least wait for 2024 halving before I make a decision.
Everything will come back to you. Which one will you choose from the two options. But if I were you, I wouldn't sell my bitcoins too fast, especially at the current price, because my profit isn't that big yet. I can wait a little longer for the price to pass the last ATH price because that is my target for the next halving and I believe the price will exceed the last ATH price.
But if you feel it's time to take your profit from the current increase, you can sell your bitcoins and wait for the next correction to buy more bitcoins and hold them until the price increases again. By doing it repeatedly, you can expect increased profits and also you can have more bitcoins.
You don’t have to sell all your bitcoin in a single time, but you can have a fraction of it to sell and make some profits and the rest would be kept continuously for long term hodling. That way, you don’t have to worry because there are still left bitcoin in your portfolio, and you can always accumulate more bitcoin when the price drops back as it’s always a perfect time to buy when price is low. But if you feel it's time to take your profit from the current increase, you can sell your bitcoins and wait for the next correction to buy more bitcoins and hold them until the price increases again. By doing it repeatedly, you can expect increased profits and also you can have more bitcoins.
...
Is anyone taking profits or are most of us just DCA?
I do both, sometimes I sell coins and use my profit to invest in other coins. In this way, I safeguard my capital and let my profit continue playing. Is anyone taking profits or are most of us just DCA?
Honestly, we need to be wise in this bear situation, we use to take advantage of the volatility of the market as we can't just rely on holding but to play with it. Making a few bucks is a single coin like just holding for a month or two isn't bad actually as we never waste time. I even applied this strategy to Bitcoin as well and I see it works find.
For me, that's a smart decision. Because if you will recover your initial investments plus your profits,
you are already a winner in this market. And then, if you still have some left, you can continue your investments.
As we can't tell what will happen next, it is always best that you got your initial funds back plus bonus.
Doing both strategies will give you satisfaction that you haven't lost your funds to the market and you are not
agitated with yourself because you haven't recovered your money. At least, play safe in this market.
We recommend that you continue to do DCA by buying bitcoin again while the price is still low and there has not been an increase that is too high. We are still allowed to buy more bitcoins and save them so we should make the most of that opportunity. I do not recommend investing in altcoins because many altcoins have started to increase. You should keep investing in bitcoin so that your bitcoin amount can increase even more and when the price increases, your profit will also become bigger.
I agree with you that it is better to continue DCA before bitcoin hits a higher price. Because this is the beginning of an increase in the price of bitcoin, if we look at the last ATH now, the price of bitcoin is still far from touching it. Keep in mind that every cycle that happens bitcoin always creates ATH again, and now it is also very possible for bitcoin to do that even though it still has a long way to go to achieve it. So the conclusion is to continue DCA and seize the moment. 
We recommend that you continue to do DCA by buying bitcoin again while the price is still low and there has not been an increase that is too high. We are still allowed to buy more bitcoins and save them so we should make the most of that opportunity. I do not recommend investing in altcoins because many altcoins have started to increase. You should keep investing in bitcoin so that your bitcoin amount can increase even more and when the price increases, your profit will also become bigger.
...
Is anyone taking profits or are most of us just DCA?
I do both, sometimes I sell coins and use my profit to invest in other coins. In this way, I safeguard my capital and let my profit continue playing. Is anyone taking profits or are most of us just DCA?
Honestly, we need to be wise in this bear situation, we use to take advantage of the volatility of the market as we can't just rely on holding but to play with it. Making a few bucks is a single coin like just holding for a month or two isn't bad actually as we never waste time. I even applied this strategy to Bitcoin as well and I see it works find.
All of us are in trading to earn something. So its better to get profit whenever you are getting good one. DCA has its own benefits and those who do it over a period of time get good return. Still after doing DCA you must sell some part of your holdings to take profit since that's why we do DCA i.e. to earn profit.
There is no benefit of such coins that are in profit but you are not willing to sell them rather keep them sleeping in wallet for indefinite time period.
There is no benefit of such coins that are in profit but you are not willing to sell them rather keep them sleeping in wallet for indefinite time period.
That is what I am trying to say bro. Come to look at my post
If you think is enough take profit is needed especially in OP terms its already make more than the initial investment. Take little a bite and continue when the price is at consolidation zone or correction like this 
If You see profits as a result of your holding then I think that you should sell these tokens, take out your profit from it and investment little amount in the same or different token. If you are in avail then do not wait more because future is not expected to be good or bad. I think that purchasing coins at high price is not wise choice so always select that coin which you think that is now the successful choice is buying it.
DCA is actually also considers as the good and successful strategy because prediction cannot be make true and lower and higher rates cannot be know by someone that whatever it will be in upcoming days.
I can give you my own suggestion that if you have profit and market is in pump then do not think for the future that will it be pump or dump but get your own revenue and forget about the future.
DCA is actually also considers as the good and successful strategy because prediction cannot be make true and lower and higher rates cannot be know by someone that whatever it will be in upcoming days.
I can give you my own suggestion that if you have profit and market is in pump then do not think for the future that will it be pump or dump but get your own revenue and forget about the future.
It's better to continue doing the DCA at least it will help in the long run and Bitcoin's bull run is just around the corner next year. I don't trust most altcoins that much since most of them aren't worth it to hold, they're just a bunch of copycat of Bitcoin that serves no purpose.
Stop being greedy or thinking too much on how much you would take profit during the bull market you might not get what you want since you are blinded with your idea on how much you would earn during the bull market. Just focus on what you can do right now or what you can afford to lose on investment. There are no millionaire in one day.
Well that's the best way for the long term then the DCA method is the most appropriate to collect bitcoin before the bullish comes and we still have time to do it as long as bitcoin is still low, remember altcoins have no definite purpose dumps often occur in the market so don't do it on altcoins and we focus more on bitcoin only.Stop being greedy or thinking too much on how much you would take profit during the bull market you might not get what you want since you are blinded with your idea on how much you would earn during the bull market. Just focus on what you can do right now or what you can afford to lose on investment. There are no millionaire in one day.
In my opinion, while you can take short-term profits, it's not a problem, but I won't take this action unless you hold it for a certain period and what you hope for is a real bullish one in 2024 or 2025, which is a prediction that bitcoin will ATH again.
Is anyone taking profits or are most of us just DCA?
I can say taking profit is always right, but if you are thinking of selling bitcoin and then switching to altcoins, then I suggest you stop. It is true that altcoins will offer higher returns than bitcoin, but the risks are also more significant. You also saw 2 crashes of the top 2 altcoins in 2022, and you made a wise decision to invest in bitcoin, not altcoins. You should keep your stance on bitcoin and DCA instead of shifting your investment to altcoins which are not recommended even if those are the top coins.
Is anyone taking profits or are most of us just DCA?
I can say taking profit is always right, but if you are thinking of selling bitcoin and then switching to altcoins, then I suggest you stop. It is true that altcoins will offer higher returns than bitcoin, but the risks are also more significant. You also saw 2 crashes of the top 2 altcoins in 2022, and you made a wise decision to invest in bitcoin, not altcoins. You should keep your stance on bitcoin and DCA instead of shifting your investment to altcoins which are not recommended even if those are the top coins.
If you come to trading or crypto you might notice this word "Fear and Greed" or the simple version term is Fear when the price keep falling down but greed when it is not enough when the price is up.
If I were you I will keep continue my DCA when the market at a consolidation zone or correction but take profit some, so when the market goes bad you still made a profit and feel good about it.
But keep HODLL the big chunk or your coin
If I were you I will keep continue my DCA when the market at a consolidation zone or correction but take profit some, so when the market goes bad you still made a profit and feel good about it.
But keep HODLL the big chunk or your coin
All of us are in trading to earn something. So its better to get profit whenever you are getting good one. DCA has its own benefits and those who do it over a period of time get good return. Still after doing DCA you must sell some part of your holdings to take profit since that's why we do DCA i.e. to earn profit.
There is no benefit of such coins that are in profit but you are not willing to sell them rather keep them sleeping in wallet for indefinite time period.
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