There are lots of strategies to accumulate crypto and DCA is a very solid one.
A fair question is how a good exit strategy could look like. The best solution by now is to DCA till the peak of a bull run and sell at top. Surely it's hard to tell where the top is, but with a bit of tolerance and if you're not to greedy it sohould be manageable to het some nice gains.
But another strategy could be to just not exit at all and keep DCAing. If mass adoption happens and crypto becomes a widespread accepted currency there is no need to exit at all.
The only question left is when does this happen? Some countries and cities already start using crypto and it becomes more and more known by people and the tech improves the longer the more. How long did it take for the Internet to become that popular?
I think we need another 2-3 bull runs until we reach that point, but I'm sure it will come and we should be prepared for it.
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments