FOMO is hard to overcome. Also, it’s hard to know what to do when the market gets bubbly or bearish. I find it easiest to create a back of the napkin plan and stick to it.
Here’s my personal plan.
1) DCA into projects I believe in (mostly BTC and ETH) until the total market cap of crypto hits 2 trillion. Stop DCA over 2 trillion. Double DCA contributions if the total market cap falls below 500 billion.
2) At 4 trillion market cap, liquidate 1/3rd of all my holdings. No DCA unless we fall back under 2 trillion total market cap.
3) At 8 trillion market cap, liquidate another 1/3rd of all my holdings. No DCA unless we fall back under 2 trillion.
4) Hold the remaining assets over 8 trillion total market cap long term, decide what to do with it later.
What’s your plan/exit strategy? Curious to hear what other people have come up with.
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