I recently learned about dca and how it works and the low risk, but i'd be grateful to hear input from more experienced people, I don't fully understand how it would accumulate big profit over the years, is it simply that im still new and i don't have let's say 0.01 BTC so price changes caused by fluctuations barely affect what i have?
I hope i'm making sense
(need advice) DCA is stable and all, but what about taking profit? and the the many years it takes to barely gain any?
byu/AirDear9764 inBitcoin
Posted by AirDear9764
2 Comments
I didn’t understand taking profits until this last ATH, I took some and glad I did. After an ATH it always takes massive dip. I plan on taking profits when it hits $150k.
That’s kind of the hidden difficulty.
DCA feels easy while you’re accumulating, but after months or years the position can turn into a black box if you don’t track it well.
At that point “should I take profit?” becomes hard to answer, because a lot of people no longer really know their true average or how the stack was built.