I am holding and increasing my weekly budget for DCA 🤷🏽♂️ I did the mistake of not DCA’ing during the 2018 bear market after a massive loss (I entered late 2017). I never sold and i’m still net positive. I have been DCA’ing for past 6 months and I am planning to bump it up to accumulate just a little bit more during the upcoming bear market. I believe crypto will be back in the long term given this entire crash is more of a china FUD and not a fundamentals’ issue. I only hold BTC, ETH, ADA, MATIC. But that’s just my plan, what are your plans for the bear market? #blockchain #bitcoin #crypto #altcoin
Take profit if you still can
Bitcoin doesn't look so good long-term to me. As the mining rate keeps halving, you'll get fewer and fewer people mining until eventually someone can stage a 50% attack
Given china’s out, existing miners are getting better hashrate. Miners saw phenomenal profits today and with renewable energy transitions that’s happening currently, its going to be overall be more profitable and green.
Bitcoin is far away from a 50% attack scenario, its getting more decentralized. Part of the FUD was because of china controlling majority. China ban is a net positive for bitcoin.
Hodling only ETH and BTC
Good man, I’m likely to do the same. Buying $100 everyday indefinitely.
DCA is simple and takes the whole emotion off the table, I have weekly buys and I buy Saturday 10 PM PST, and for some weird reason: I noticed that Crypto has been at its lowest point for the week during that timeframe. I have bought at 60k and also at 1k bitcoin. My btc average is at 7k/btc now.
Are u doing on Coinbase or where? Also which all coins? Just eth and BTC?
Crypto/DeFi is inevitable long-term. Focusing on the asset's price movement and not technology and use cases will expose weak hands.
DeFi is inevitable but things like the IRON/STEEL token collapse makes me wonder how all this is gonna work with regulations. A fault in the code I guess led to retail investors loosing 800 million $ in a day.
I’m holding and buying more. Trying to time my purchases: I feel in control when I make the decision myself on when to buy. The emotional rollercoaster helps me understand why some call it gambling, lol. ETH, MATIC, BTC and ADA. I’m also getting some crypto for walking around town from an app (in beta testing) called Coin Hunt. Here’s a referral link if you’re interested https://coinhunt.gsc.im/jLZJleLVit. (I got about 0.00157 BTC and 0.01967 ETH a month, by walking over 20,000 steps per day.) And I’m also staking my ETH on Coinbase, and supposedly getting interest on my BTC from Voyager.
What is DCA?
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