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What is your DCA strategy? 2024 is right around the corner!

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by COINS NEWS 126 Views

As this will be my first cycle in crypto (joined in november 2021, yeah i know, rip), I have decided to set a fixed profit limit to take, regardless of the price, with some guidance from previous charts I have bought btc at 20 k and ADA at 0.36, and I would sell btc at 100 k (5 times profit) and ADA at 4.5 usd +. My buffer zone would be for btc at 70k + and ADA at 3.0 usd +.

It will be something like 25% at 70 k 25% at 80 k, 25% at 90 k, and finally the rest at 100 k, or 99 k as many people would put a sell order at 100 k just for the sake of that juicy 5 digit big boi number. 2013 ATH to 2017 ATH was a difference of 20 times, 2017 ATH to 2021 ATH was 3.5 times, and hypothetically speaking, the 2021 to 2024 ATH difference should be at least 1.5 to 2.0 times, given the massive amount of money influx it would need at each additional dollar value when valued high.

I would be interested to know of your DCA strategy and profit expectations?

TLDR: My DCA is around 5 for btc, and 10+ for altcoins, Ethereum is kind of a gray zone for me right now

submitted by /u/fatfk69
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