DCA Advice?!
DCA Advice?!
I was wondering if anyone could help advise me. I have currently rotated my BTC into Alts around August due to the imminent season that is upon us (hopefully!) not taken any profit so far.
IF everything goes to plan and the Alts I currently have do fly, I will be looking to then sell my positions and then either:
A) Sell my positions, transfer to my fiat wallet and DCA 50% into BTC. The remaining 50% into other investments and ‘lifestyle tokens’.
B) Sell all profit and holdings and fully invest all straight into BTC?
Which in your guys opinions seems the best option moving forward. I am looking to be a long term holder in this space, not a ‘one cycle and run’ type of investment.
Also, is it better to DCA daily, weekly, or monthly?
Somewhere in the middle ? My strategy is taking profits around my target prices for alts (which definitely isn’t going to be all alts at the same time) and converting some into ETH, some into SOL, and the rest into BTC. This basically acts as DCA since I take profits on different days and reinvest them into one of the 3 just mentioned. I think SOL and ETH will still pump this bull run too, so I can make profit on my profit when SOL/BTC dominance or ETH/BTC dominance is high, and just rotate back into BTC near the “end” of this run.