This is my first cycle. I started dca since early 2023 and didn't stop until it reaches 100k+.
I managed to accumulate a bit bitcoin and I'm happy I kept dca in the past three years.
But man these recent dumps are so painful. Every time open the account is a smaller number. My pnl still positive but it soon will turn red if any more dumps.
I understand the vision and plan to hold it long term. But with that much on stake, with the next bull run seems so far away, I have to admit I'm weak.
So I'm sincerely asking you who went through the pain before, how does that feel and how did you hold through those tough days, so I can prepare myself.
Thank you very much.
Those of you who been through the previous cycles, I need you
byu/Beneficial-Hope68 inCryptoMarkets
Posted by Beneficial-Hope68
5 Comments
I wake up and do the same thing I do every day and don’t look at price action every 5 minutes.
You’re on the right track. Just keep accumulating as it crashes. That playbook is what let me retire 30 years early with a paid-off house.
Remember: the goal is to own more Bitcoin, not to own more dollars.
If you’re in it for the long-term and actually believe in the value, then why check the price everyday? Just check it once per month and live your life..
If you really believe in something you should be happy when the price goes down as you can buy more.
If you are just buying something beccause you think a more stupid person is going to turn upp and pay more for it than you did, think again.
Hopefully, you didn’t use leverage, right?
Crypto is volatile enough without adding in an extra layer of volatility with leverage.