MultiversX Tracker is Live!

DCA Out Question

Etherum Reddit

More / Etherum Reddit 70 Views

As the title states, i'm curious whether DCA'ing out some of my ETH is feasible and how it'll impact my portfolio in the future when ETH blows up.

I currently hold ( Amount) in ETH with an average cost of $2340. I've run into some financial issues (layoff/exhausted unemployment) and am hoping to liquidate some of my holdings to sustain myself and my family.

My question is, if I hypothetically sold $1000 profit per withdrawal and left my principal deposit dollar amount untouched, is this a smart tactic for DCA'ing out? Also, will withdrawing $1000 per transaction increase my future cost average as well? Will this reduce my profit margins in the future as my quantity of ETH ownership decreases?

I realize the quantity of ETH that I own will get smaller but as long as the market value continues to increase, I should hypothetically be able to keep DCA'ing out profit, if needed?

At the end of the day, i'm a firm believer in ETH and am extremely bullish. My goal is to maintain my principal deposit amount but only pull profits. Please let me know if i'm headed in the wrong direction here or may be looking at this process the wrong way.

Thanks in advance for your time!

submitted by /u/Minute-Many-1775
[link] [comments]
Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments