Pretty new to Bitcoin, just started to DCA.

    What is the exit strategy if any? I know the diamond hands theory but what is the end game?

    When do you sell
    byu/AdNecessary5938 inBitcoin



    Posted by AdNecessary5938

    40 Comments

    1. Never. Hold until my Bitcoin can get me extremely low collateralized loans. Bitcoin IS the end game.

    2. NEVER 👎 REPLACE THE WORD SELL WITH BUY MORE

      THE BETTER QUESTIONS SHOULD HAVE BEEN

      WHEN DO YOU BUY MORE SATS?

      & YOU SHOULD ALREADY KNOW THE ANSWER

      DCA DAILY 👌🫡💪

    3. Nah man, don’t sell unless you absolutely need it. Sell everything else first.

    4. Dilkington88 on

      People say never sell it…. Which is ok in your ivory tower.

      Sell it when you NEED to.

    5. My endgame is to divide my stack by 240 when I retire. That way I know how many sats I can spend every month for the next 20 years.

    6. If you want to listen To diamond hands, the answer is never.

      I think they’re wrong for many reasons. But imo you should never just hold something that’s super volatile.

      If you dca in, you can dca out whenever your price/profit margin is good enough. If you trim, I would always recommend leaving some of your bitcoin in the pot (so to speak). Consider this your perma stack and make it an amount you wouldn’t care if you lost entirely

      But just riding through insane highs and lows when you need the money is really imprudent and gambling at best. If you invest super low, you’ve earned the right to take profits

      Again, if you’re wrong by selling, nothing stops you from buying back in. It’s not an all or nothing decision

    7. you sell it when your kids need to use it. just forward thinking e[n1]gMa chiming in his 2 cents.

    8. Never sell. If you do, only for a big step in life. If you swing trade across a year like a mad man, Q4 before midterms has been the trend for bitcoin peaking in price. Ben Cowen has done many videos on this.

    9. LegoManiac2000 on

      If you think of Bitcoin as an asset, it could be used to secure a loan. Like real estate, or a brokerage account.

      Some people think that you could borrow more money to pay off the loan. Say you get a load for 100K, then next year you get a new loan for 100K+the interest form the first loan. And so on.

    10. Only in case of absolute emergency. Other than that, just DCA and live your life.

    11. MCL-Jonathan on

      There’s no end game, you aim to HODL more and more. But surely you still want to take some lifestyle chips here and there. So I don’t personally believe in HODL forever and loan against your Bitcoin (high risk, margin call etc).

      Best way is to have a HODL bag and a swing bag (a bag you buy low and sell high).

      [Bitcoin Buy Sell DCA Playbook](https://youtu.be/JXvr49ECTuo)

    12. East_Indication_7816 on

      You don’t sell. You protect your buying power. Look at all the prices of goods. It keeps increasing in dollar.

    13. Nobody really sells at the top anyway. Most people end up selling when they get too greedy or too scared. Better question is, do you guys sell based on a target, a time frame, or just when it feels too overheated ?

    14. Based on milestones, not price. For example, sell half when you can pay off your mortgage, most of the rest when you can retire. Never sell it all.

    15. Due_Statistician2604 on

      Don’t even think about selling when you’re new, I first sold my BTC when I had been in the game for 5 years. I stayed invested through a 80% drop, I only sold at the beginning of this year and even then it was the last thing I wanted to do. I’m 150% going to buy back in this year Ive already put up my kidney on sale on the dark web to buy more 😆

    16. Radiant-Sunrise on

      DCA is the worst way to accumulate. Buy low sell high. That’s the name of the game, and it is a game, don’t let anyone else tell you otherwise

    Leave A Reply
    Share via
    Share via